Indices closed down.
S&P 500 @ 2133.04, low 2132.52, high 2147.13
RSI @ 43.58
CMF @ -0.071
Internals were :
Down volume led by 1.64 to 1 in NYSE & 2.43 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 1.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & lows by 57 in Nasdaq
VIX UP 7.87% @ 15.36
Oil @ $49.72
Gold @ $1269.50
AH ER...CRUS UP 7.65%, AMZN Down 5.71%
AMZ ER was a major disappointment, missed EPS by 26 cents and guidance was in-line, not good enough for an expensive stock, Sold my position AH @ $768.00.
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, most of the earning reports are better than expected, which should help TAPE to show green on Friday.TAPE was weak today & internals were weak, in anticipation of front line reports, GOOG was better and AMZN not so good. For my portfolio, earning season has been extremely negative, but, i am holding most of my position, except AMZN. earnings are expected to be challenged in VRX. VRX is a long term holding for me, so, this earning report is not in focus. Every Friday's, there is a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Stocktrader,
Bought BIDU pre market @ $181.95.
Saleem
Hi Saleem,
Good luck with the AMZN/BIDU swap.
Stocktrader
Hi Saleem,
Sold AKS @ 5.19
The 65M secondary (with option for more) is too heavy for this kind of stock I think. At best I expect it to remain in the low 5s. I'll look to allocate elsewhere.
Stocktrader
Hi Stocktrader,
Good luck with next pick.
Saleem
Hi Saleem,
Biotech continues to get killed. I should have kept that LABD for protection, or trimmed TRIL like I considered for a while. Even staying out of ZYNE after selling the first time would have helped significantly. At this point, I feel both that it's too late to sell, but also that there's likely more downside. What a dilemma...
Stocktrader
Hi Stocktrader,
TRIL & ZYNE seems to have more selling these days.
Sometimes sector needs to digest gains.
GWPH is on my watch list, i felt that $118 is support, but now it has gone down to $115...that gives an indication, where ZYNE is heading.
Good luck with your decision.
Saleem
Hi Saleem,
Re-entered ACIA @ 68.30 with the AKS proceeds.
I think the selloff is overdone.
Stocktrader
Hi Saleem,
Portfolio: TRIL, WLH SPLK QRVO LYB FDX, ZYNE AMZN, DKS, ACIA, CNAT, 0% cash
I'm not sure I have this composition exactly like I want it, but it's good enough for today :)
Stocktrader
Hi Stocktrader,
TAPE has become troublesome, i did not listen to my inner voice, thus all the drubbing which, i am getting.
Good luck with your portfolio.
Saleem
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