Indices closed mixed.
S&P 500 @ 2388.13, low 2379.75, high 2389.82
RSI @ 61.17
CMF @ -0.041
Internals were :
Down volume led by 1.40 to 1 in NYSE & 1.52 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 21 in Nasdaq
VIX UP .85% @ 10.68
Oil @ $47.82
Gold @ $1248.50
AH ER....FB Down 2.39%, TSLA Down 2.35%
FB ER was a major beat in EPS by 17 cents $1.04 actual vs 87 cents estimate, they change earnings to GAAP vs non-GAAP...without any notice to anyone, explained in conference call by CFO.
Sales came in @ $8.03 billion vs estimate of $7.83 billion
User count and Ad revenue beat estimates handily.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE handled AAPL earning shortfall well and closed near high of the day. Earnings continue to do well as FB beats all expectations. Internals were weak as Nasdaq was under pressure until close. Fed remains upbeat about US economy and calling current weakness as temporary.
BLOG does NOT give buy or sell.
Saleem
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