Thursday, November 2, 2017

Indices closed mixed....

Indices closed mixed.

 S&P 500 @ 2579.85, high 2581.11, low 2566.17

 RSI @ 67.44

 CMF @ 0.161

 Internals were :

 Down volume led by 1.28 to 1 in NYSE & 1.07 to 1 in Nasdaq

 Declining stocks led by 1.03 to 1 in NYSE & 1.29 to 1 in Nasdaq

 Net new 52 wk highs were leading by 70 in NYSE & 52 in Nasdaq

 VIX Down 2.65% @ 9.93

 Oil @ $54.54

 Gold @ $1278.10

 AH ER.... OLED UP 2.5%, AAPL UP 3.13%
                SBUX Down 3.13%, DATA Down 11.23%

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE was mixed but DOW made another all time high. Internals were weak. AH AAPL gave a very good earnings report, that will help Friday's trading.We still have room to run based on key indicators i follow, RSI still below 70 and sentiment is not frothy, traders are looking @ pullback, that is not happening yet. There is only a closing BLOG on Friday's around 7 PM.

 BLOG does NOT give buy or sell.

 Saleem


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9 comments:

  1. explorerNovember 2, 2017 at 7:17 PM

    Hi Saleem & stocktrader,

    AAPL earnings are pretty good. I had expected a min of 5% move AH but I may see that tomorrow. However my 170 DEC 15 calls should behave much better tomorrow.

    Thanks,
    Explorer

    ReplyDelete
  2. stocktrader_1996November 3, 2017 at 7:11 AM

    Hi Explorer,

    Yes, the AAPL report and guidance was much better than I expected. Even if the stock is quiet today, it should be a major winner into year end.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996November 3, 2017 at 7:16 AM

    Hi Saleem,

    Bought AAPL @ 171.52

    Stocktrader

    ReplyDelete
  4. Stocks100November 3, 2017 at 8:17 AM

    Hi Stocktrader,

    Good luck with AAPL.

    Hi Explorer,

    Good luck with AAPL calls.

    Saleem

    ReplyDelete
  5. explorerNovember 3, 2017 at 8:44 AM

    Thanks Saleem & stocktrader.

    Stocktrader, you almost got at the low of the day. It became a standard practice for AAPL to come down on the earnings day And run thereafter. Good luck. I am staying with 8 calls.

    Thanks,
    Explorer

    ReplyDelete
  6. explorerNovember 3, 2017 at 11:30 AM

    Is QCOM buyout real?

    ReplyDelete
  7. stocktrader_1996November 3, 2017 at 12:25 PM

    Hi Explorer,

    The offer is real from AVGO for $70. I doubt QCOM takes it.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996November 3, 2017 at 12:26 PM

    Hi Saleem,

    It occurred to me this week that I never got any chemicals exposure during this big run. I might take a second look at those this weekend, swapping out IP probably as I have double-paper exposure with the GPK position also.

    Stocktrader

    ReplyDelete
  9. Stocks100November 3, 2017 at 12:33 PM


    Hi Stocktrader,

    Good luck with your many chemical choices....

    Saleem

    ReplyDelete