Indices closed mixed.
S&P 500 @ 2560.40, high 2567.07, low 2559.80
RSI @ 62.85
CMF @ 0.293
Internals were :
UP volume led by 1.05 to 1 in NYSE & .71 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 63 in Nasdaq
VIX UP .62% @ 11.30
Oil @ $52.64
Gold @ $1269.60
Stocks which closed green included AAPL OLED
NFLX SHOP SQ NVDA MCHP SNAP TWTR
CNQ SBUX JKS LEN SU YUM FFIV LNG
PCLN YELP WYNN DATA ORCL AEM
CRUS SPLK SWKS FSLR NKE CMG
LRCX.....
AH ER...FSLR UP 7.05%, AMZN UP 7.58%
BIDU Down 10.33%, EXPE Down 13.95%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was green till 2 PM then turned mixed, Nasdaq closed red despite earning beat from TWTR. Tonight earnings were stellar from AMZN GOOG MSFT INTC FSLR but futures are not reflecting any optimism. This market has become individual stocks story good or bad. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem & stocktrader,
ReplyDeleteI got some MSFT & AMZN calls yesterday & luckily they beat. I took profits in MSFT and sold 1 call in AMZN. Now I have one more DEC15 1045 AMZN call. Can you advice if I can wait for some more time?
Thanks for your advices
Explorer
ReplyDeleteHi Explorer,
Good move with MSFT & AMZN calls
YES....you have time with AMZN.....it had a breakout today good for another $20 move
Good luck!
Saleem
Hi Explorer,
ReplyDeleteI'd probably hold on for a little while more in AMZN as well. These kind of rises are often not a single-day event. That said, it's never a bad idea to take profits that large in an option, especially as the market is so overbought generally.
Good luck with your decision! :)
Stocktrader
ReplyDeleteHi Stocktrader,
Sold AAPL @ $163.50
Saleem
Hi Saleem,
ReplyDeleteAnother very nice trade! :)
Stocktrader