Indices closed UP
S&P 500 @ 2185.79, high 2188.45, low 2177.97
RSI @ 63.80
CMF @ 0.269
Internals were :
UP volume led by 2.97 to 1 in NYSE & 2.41 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 123 in Nasdaq
VIX Down 3.07% @ 11.68
Oil @ $43.49
Gold @ $1350.00
In my portfolio...Bought AKS @ $5.33
Stocks which were UP 1% or more included CNQ JCP UA
BIDU SPLK LULU TWTR SU NFLX YHOO SINA
DNKN YUM CHK SWN TK SSYS RIG FEYE
LNG BABA SPWR MU AAL M TCK
DATA MGA GS......
AH ER....NVDA UP 2.38%, JWN UP 10.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong and all major indices closed @ new all time highs, this has not happened since December 1999. Earnings are giving boost to this market and oil was strong today, on hope of Saudi cutback in production from record level.
Before open JCP will report, here are the expectations :
Sales $2.93 billion, EPS loss of 15 cents
Expectations of next Q sales $2.97 billion, EPS loss of 20 cents
Market is expecting a move of 13.8% UP or Down, i am hoping of an UP move.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Added 100% AKS @ $5.29 in pre-market
Saleem
Hi Saleem,
Nice add! Looking strong already :)
Stocktrader
Hi Saleem,
Sold DKS @ 54.60 to take profits.
After multiple positive notes/upgrades today, I think short term positive sentiment is peaking which could lead to a decline after earnings. The CFO leaving the company after such a short time begs questions, and sporting goods showed weakness in July in the retail sales report.
Stocktrader
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