Thursday, March 23, 2017

Indices closed down .02% to .11%.....

Indices closed down.

 S&P 500 @ 2345.96, low 2342.13, high 2358.92

 RSI @ 0.050

 Internals were :

 UP volume led by 1.13 to 1 in NYSE & 1.16 to 1 in Nasdaq

 Advancing stocks led by 1.80 to 1 in NYSE & 1.78 to 1 in Nasdaq

 Net new 52 wk highs were leading by 38 in NYSE & 16 in Nasdaq

 VIX UP 2.42% @ 13.12

 Oil @ $47.70

 Gold @ $1247.20

 Stocks which were UP 1% or more included CY MU
BABA OLED VRX CHK YHOO SINA TK LNG
FEYE SNAP TRIP SWIR KORS NKE KBH
AAL CNX.....

 AH ER...MU UP 10.28%, GME Down 11.31%

 MU Q2 ER was a beat on EPS by 5 cents ....

 Q3 guidance Sales expected $4.70 billion, guiding $5.4 billion

 Q3 EPS expected 89 cents, guiding $1.50

 This guidance for Q 3 is the-best i have ever seen by any company ever......

 AH Futures UP

 AH Asian Markets UP

 AH Oil UP

 AH Gold Down

 About market, TAPE was rallying whole day close to triple digit, then word came that no voting tonight on repeal and replace health care. Again, we are hearing that there is a vote on Friday, thus futures higher. Internals improved and most technology except GOOG were UP. GOOG faced reaction to improper display of ads on YouTube. Hopefully Friday will be a positive day. There is a closing BLOG only on Friday's around 7 PM.

 BLOG does NOT give buy or sell.

 Saleem

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12 comments:

  1. josephMarch 24, 2017 at 5:37 AM


    Hi Saleem,

    Well done with MU. Keep up the good work. Good luck.

    Joseph

    ReplyDelete
  2. Stocks100March 24, 2017 at 6:24 AM


    Hi Joseph,

    Thanks for your message.

    Good luck with your portfolio.

    Saleem

    ReplyDelete
  3. stocktrader_1996March 24, 2017 at 6:34 AM

    Hi Saleem,

    Bought URI @ 121.15

    Great management, accretive acquisitions, and strong cash flow add up to a great stock. I think the focus will turn back to taxes/infrastructure soon, but I don't even think URI needs a boost to perform.

    Added to HBAN @ 13.11
    Added to CHK @ (coming soon)

    Stocktrader

    ReplyDelete
  4. stocktrader_1996March 24, 2017 at 6:41 AM

    Hi Saleem,

    Added to CHK @ 5.18

    Exposure: 93.4%

    Stocktrader

    ReplyDelete
  5. Stocks100March 24, 2017 at 6:45 AM

    Hi Stocktrader and Joseph,

    Sold CY @ $14.45

    Saleem

    ReplyDelete
  6. Stocks100March 24, 2017 at 6:45 AM


    Hi Stocktrader,

    Good luck with URI & more CHK.

    Saleem

    ReplyDelete
  7. Stocks100March 24, 2017 at 6:46 AM


    Hi Stocktrader,

    Good luck with more HBAN.

    Saleem

    ReplyDelete
  8. stocktrader_1996March 24, 2017 at 6:47 AM

    Hi Saleem,

    Great job in semis!!

    Stocktrader

    ReplyDelete
  9. stocktrader_1996March 24, 2017 at 8:05 AM

    Hi Saleem,

    Bought TNA @ 100.90

    I wanted full exposure and this was the best way I thought.

    Portfolio: SPLK HBAN HUN BABA URI RCL DAL TNA GM Z CHK ZYNE AKS MJCO, exposure 100.0%

    Stocktrader

    ReplyDelete
  10. Stocks100March 24, 2017 at 9:31 AM

    Hi Stocktrader,

    Good luck with TNA.

    Thanks for your comment about Semiconductor stocks.

    Saleem

    ReplyDelete
  11. Stocks100March 24, 2017 at 10:38 AM


    Hi Stocktrader,

    Added 25% AMD @ $13.75

    Saleem

    ReplyDelete
  12. stocktrader_1996March 24, 2017 at 11:23 AM

    Hi Saleem,

    Good luck with more AMD. Jeffries comments on good channel checks today.

    Stocktrader

    ReplyDelete