Indices are UP despite Fed statement of higher inflation concern, rates remained unchanged.
S&P 500 @ 2829.70, high 2839.26, low 2824.48
Internals are mixed.
Oil Down 3 cent
Gold UP $2.80
Canadian $ UP 14 tick @ .7682
VIX Down 7.57% @ 13.67
Portfolio CTRP FSLR LRCX MRVL MOMO NTES SQ
Most stocks are higher.
@ 2.16 following are red :
ROKU NFLX OLED LULU SPWR CNQ TECK LVS
JKS LEN DNKN EXPE PCLN VECO FNSR CHK
TK RIG LNG WYNN TRIP MLNX LFIN OSTK
AEM CRUS ULTA KORS KBH OPK X....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem and Stocktrader,
What do you think of tonight's earning, both MSFT and FB? Even if they have a good earning report the stocks may pull back. let us wait and see....
Good luck
Joseph
Hi Joseph,
I think MSFT will suffer from extremely high expectations. FB has less baked in, and so it has a better opportunity to hold gains should it beat, although I fear how they will guide about their ad sales going forward.
The market generally is showing weakness underneath, and five of the last six days showed distribution (close lower than open). I think it is proper to have a more cautious and patient stance at this juncture. Also, A blowout positive jobs numbers on Friday might cause additional downside pressure.
Stocktrader
Hi Joseph,
In my opinion MSFT may rally after earning....good report and good guidance.
FB flat to down...good report but weak guidance...
Saleem
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