Indices closed mixed.
S&P 500 @ 2469.91, low 2466.32, high 2473.10
RSI @ 64.47
CMF @ 0.140
Internals were :
Down volume led by 1.63 to 1 in NYSE & .76 to 1 in Nasdaq
Declining stocks led by 1.27 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & 48 in Nasdaq
VIX UP .75% @ 9.43...new 52 wk low of 9.26 touched today
Oil @ $46.34
Gold @ $1254.30
Stocks which were UP 1% or more included
AAPL BIDU MOMO OCLR SWIR WB
TSLA NTES FNSR AMZN TECK JKS SINA
TK FEYE LNG SPWR CIEN WYNN DATA CSOD
SHOP CNX......
AH news...GOOG Down 2.99%, SANM Down 9.89%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was mixed but Nasdaq was strong and made a new all time high. Internals were mixed also. GOOG earnings was a beat in Sales & EPS, but negative reaction was due to Traffic Acquisition Cost which was UP 27%. AMD is on tap for Tuesday. Nasdaq has a good chance of making series of new highs, as we go along, in this earnings season, in these few important weeks.Buy what you know well in terms of fundamentals and technicals.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Added 40% AMD @ $13.99......
That completes my casino stake on AMD earnings tonight....
Saleem
Hi Saleem,
Good luck with the load-up on AMD! I'm very nervous for you, but your conviction has often served you well :)
Bought HUBS @ 74.50
I'd been tracking this one for a while. A favorite of analysts, you could call these guys a mini-CRM for the mid market companies. I thought their purchase of the AI company today shows the value they are trying to create for their customers. We'll see how it goes :)
Added to PETQ @ 22.28
After watching and researching this more since my initial purchase, I feel like it could have more legs based on the industry and success at some peers. Valuation seems reasonable despite the pop after the IPO.
Stocktrader
Hi Stocktrader,
AMD is my #1 weighting ...that is 17.48% of portfolio.......above OCLR then FB.....
Good luck with more PETQ and HUBS.....
Saleem
Hi Stocktrader,
Sold BBRY @ $9.88
Added 40% FB @ $164.97........FB is my number 1 weighting then AMD then OCLR
Saleem
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