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
12 comments:
Hi Saleem,
Well done with MU. Keep up the good work. Good luck.
Joseph
Hi Joseph,
Thanks for your message.
Good luck with your portfolio.
Saleem
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
Hi Saleem,
Added to CHK @ 5.18
Exposure: 93.4%
Stocktrader
Hi Stocktrader and Joseph,
Sold CY @ $14.45
Saleem
Hi Stocktrader,
Good luck with URI & more CHK.
Saleem
Hi Stocktrader,
Good luck with more HBAN.
Saleem
Hi Saleem,
Great job in semis!!
Stocktrader
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
Hi Stocktrader,
Good luck with TNA.
Thanks for your comment about Semiconductor stocks.
Saleem
Hi Stocktrader,
Added 25% AMD @ $13.75
Saleem
Hi Saleem,
Good luck with more AMD. Jeffries comments on good channel checks today.
Stocktrader
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