Stocks100: Indices closed mixed....

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

9 comments:

explorer said...: 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; November 2, 2017 at 7:17 PM
stocktrader_1996 said...: 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; November 3, 2017 at 7:11 AM
stocktrader_1996 said...: Hi Saleem,

Bought AAPL @ 171.52

Stocktrader; November 3, 2017 at 7:16 AM
Stocks100 said...: Hi Stocktrader,

Good luck with AAPL.

Hi Explorer,

Good luck with AAPL calls.

Saleem; November 3, 2017 at 8:17 AM
explorer said...: 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; November 3, 2017 at 8:44 AM
explorer said...: Is QCOM buyout real?; November 3, 2017 at 11:30 AM
stocktrader_1996 said...: Hi Explorer,

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

Stocktrader; November 3, 2017 at 12:25 PM
stocktrader_1996 said...: 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; November 3, 2017 at 12:26 PM
Stocks100 said...: Hi Stocktrader,

Good luck with your many chemical choices....

Saleem; November 3, 2017 at 12:33 PM