Wednesday, August 9, 2017

Indices closed down .04% to .28%......

Indices closed down.

 S&P 500 @ 2474.02, low 2462.08, high 2474.41

 RSI @ 58.86

 CMF @ 0.292

 Internals were :

 Down volume led by 1.83 to 1 in NYSE & 1.80 to 1 in Nasdaq

 Declining stocks led by 2.29 to 1 in NYSE & 2.47 to 1 in Nasdaq

 Net new 52 wk lows were leading by 24 in NYSE & by 81 in Nasdaq

 VIX UP 1.37% @ 11.11

 Oil @ $49.56

 Gold @ $1279.30

 AH ER....NTES Down 2.87%

 NTES earnings report was a beat....

 Sales Actual $2.0 billion, expected $1.9 billion...

 EPS Actual $3.86, expected $3.82

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, despite North Korea tension, indices closed @ high of the day, this reflects traders comfort level with this TAPE. Many strong stocks were on sale, i shuffled my portfolio for short term gains. Today's TAPE is very comforting for traders looking for opportunistic moves, both in selling and buying back. Many earnings report were not strong going into today, but one cannot tell they way we closed.

 BLOG does NOT give buy or sell.

 Saleem
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6 comments:

  1. Stocks100August 10, 2017 at 5:30 AM


    Hi Stocktrader,

    Sold NTES @ $295.50....

    Saleem

    ReplyDelete
  2. Stocks100August 10, 2017 at 5:59 AM


    Hi Stocktrader,

    Bought MOMO @ $45...

    Added 200% OCLR @$8.74

    Saleem

    ReplyDelete
  3. stocktrader_1996August 10, 2017 at 6:05 AM

    Hi Saleem,

    I saw a downgrade to underperform on NTES this morning too.

    Good luck with MOMO and more OCLR!

    Stocktrader

    ReplyDelete
  4. Stocks100August 10, 2017 at 7:49 AM


    Hi Stocktrader,

    Did another swap.....

    Sold OLED @ $112.50

    Bought NVDA @ $168.41

    Saleem

    ReplyDelete
  5. stocktrader_1996August 10, 2017 at 7:54 AM

    Hi Saleem,

    Really playing those earnings--good luck!

    Stocktrader

    ReplyDelete
  6. Stocks100August 10, 2017 at 8:03 AM


    Hi Stocktrader,

    Hoping for 1 homerun.....with NVDA

    Saleem

    ReplyDelete