Indices closed down.
S&P 500 @ 2357.03, low 2356.21,high 2384.87
RSI @ 39.60
CMF @ 0.183
Internals were :
Down volume led by 4.82 to 1 in NYSE & 8.59 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 5.63 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 60 in Nasdaq
VIX UP 46.38% @ 15.59
Oil @ $49.07
Gold @ $1258.70
AH ER....CSCO Down 7.69%
In my portfolio..Bought BABA @ $120.45 in AH.....they report before open
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE faced relentless selling on US political storm which was developing fast, after hour, ex FBI chief has been appointed Special Counsel to deal with issues. Hopefully, there will be an oversold bounce on Thursday as political issues are dealt with. Indices closed @ low of the day and internals were extremely weak.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Stocktrader,
What was your impression of BABA conference call, i missed it.
Saleem
Hi Saleem,
Honestly I didn't listen to it. It didn't really matter to me what they reported or said this specific quarter, it's a longer term thesis. Plus, mornings are a busy time around here :) I'm sure the analysts will have a lot to say throughout the day today and tomorrow.
Stocktrader
Hi Stocktrader,
Revenue growth is very good and a solid beat $5.61 billion vs $5.23 billion expected....
EPS of 63 cents vs 65 cents expected is a minor issue imho
Saleem
Hi Saleem,
AMZN reported volatile bottom line numbers for years and years. We will see if investors give BABA the same pass. The accelerating revenue growth seems the real story to me, with much more still to come.
Stocktrader
Hi Stocktrader,
Bought OLED @ $110.84
Saleem
Hi Saleem,
Good luck with OLED.
I'd been looking at ATHN in the past week for the first time in a long, long while. It had been so expensive for so long but finally was getting closer to a value where I was comfortable...not anymore! LOL :)
Stocktrader
Hi Stocktrader,
ATHN is up only 16%......
'
Saleem
Hi Saleem,
Sold TZA @ 18.54
I had been waiting to see if the Brazil problem caused more forced selling today but I think we're in the clear. Ready for the market to make new highs possibly now--it seems like we washed away a good amount of complacency yesterday...
Stocktrader
Hi Stocktrader,
Nice 72 hour gain in TZA.....
Saleem
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