Wednesday, July 26, 2017

Indices UP .03% to .45%....NICE !!!!

Indices closed UP.

S&P 500 @ 2477.83, high 2481.67, low 2474.94

RSI @ 67.36

CMF @ 0.196

Internals were :

UP volume led by .76 to 1 in NYSE & 1.42 to 1 in Nasdaq

Advancing stocks led by 1.02 to 1 in NYSE & .94 to 1 in Nasdaq

Net new 52 wk highs were leading by 156 in NYSE & 159 in Nasdaq

VIX UP .17% @ 9.60, low today 8.85...

Oil @ $48.75

Gold @ $1249.40

Stocks which were UP 2% or more included BIDU AMD
MCHP CTRP OTEX IAG KGC BABA GG TECK
JKS AEM X LRCX.......

In my portfolio :

Sold AMD @ $14.78

Added 100% TWTR @ $19.43

Added 80% WB @ $76.24

AH ER.....PYPL UP 2.23%, FB UP 3.32%

FB earning was a beat on Sales and beat on earning by 19 cents
Every metric saw growth, earning was UP a whopping 71% this Q.
FB is guiding to spend less and expenses were less than anticipated for reported Q, this was a big relief in AH. Stock price went down to $158 @ low of AH and high was $173.44, on AH volume of 11 million shares. 

AH Futures UP

AH Asian Markets Mixed

AH Oil Down 

AH Gold UP

About market, TAPE closed UP. S&P 500, Dow & Nasdaq all made a new all time high. Earning season has been better than expected so far. Thursday is TWTR, AMZN & BIDU earnings, they are expected to be better than consensus. Internals were mixed. Fed statement of no change in interest rates was expected, balance sheet issue is being looked @ for early resolution.

BLOG does NOT give buy or sell.

Saleem

9 comments:

Stocks100 said...


Hi Stocktrader & Explorer,

Sold FB @ $178.50

Saleem

Stocks100 said...

Hi Stocktrader,

Sold BIDU $204.50.

Saleem

Stocks100 said...

Hi Stocktrader,

Sold AAPL $154.24

Saleem

explorer said...

Hi Saleem,

Thanks for the write up on FB. You booked good $$$ today. Congrats! RSI is a concern for FB but it received several upgrades.

PYPL also got decent upgrades. I'll take profits on FB as well.

Thanks,
Explorer

Stocks100 said...


Hi Stocktrader,

Sold MOMO @ $44.69.

Saleem

stocktrader_1996 said...

Hi Saleem,

Wow, big taking profits! Nicely done! :)

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added a little to HUBS @ 73.70

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought BAC @ 24.21

With the dynamics seemingly in place for a steeper yield curve and economic activity continuing well so far, BAC could be well positioned for an up move.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with BAC and more HUBS...

Saleem