Indices closed down.
S&P 500 @ 2681.66, low 2681.32, high 2727.67
RSI @ 37.48
CMF @ 0.070
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.09 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 23 in NYSE & 26 in Nasdaq
VIX Down 7.51% @ 27.73
Oil @ $61.79
Gold @ $1314.60
AH news...YELP Down 7.86%, NTES Down 7.12%
YUMC Down 4.4%
NTES earning report was a beat in Sales expectations $2.20 billion, actual $2.25 billion and EPS expectations was $2.11, actual $2.18.... beat by 7 cents, but AH action was negative 7.12%???
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continued gyration whole day, open lower, UP during day and then closing @ low of the day, not a good sign for immediate action. This TAPE has the feel that it wants to test support again. Internals were mixed. US treasury uptick in rates caused slump @ close.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold GPK @ 15.10
The earnings and guidance left a lot to be desired. I don't have a specific edge on this company and so I move to the sidelines.
Bought MOMO @ 28.12
I think the chart and fundamentals line up positively for future gains. I also wanted to add some Chinese internet exposure.
Stocktrader
Hi Stocktrader,
Good luck with MOMO.
Saleem
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