Indices closed down.
S&P 500 @ 2749.48, low 2744.38, high 2777.11
RSI @ 52.46
CMF @ 0.054
Internals were :
Down volume led by 1.84 to 1 in NYSE & 1.25 to 1 in Nasdaq
Declining stocks led by 1.35 to 1 in NYSE & 1.53 to 1 in Nasdaq
Net new 52 wk low were leading by 10 in NYSE & highs by 66 in Nasdaq
VIX UP 5.38%@ 17.23
Oil @ $60.96
Gold @ $1325.60
Stocks which were UP 1% or more included SNAP
SQ FB BABA EXPE KGC LULU MRVL NFLX
TWTR YELP MOMO TRIP MLNX ABX SPLK..
AH news....CTRP Down 5.62%, JBLU 4.48%
CTRP earnings report was confusing, its EPS is showing 14 cents
& 24 cents...14 cents is a miss by 2 cents...but IF we take 24 cents then it is a beat by 8 cents
Sales was $980.5 million a miss by $19.5 million, but again in Zacks Sales expected are shown as $964.1 million which means a beat by $16.4 million......
Gross margin improved to 83% from 78%....Q4 yoy
Sales guidance for Q1 was growth of 9% to 11%..pretty much in line
So far in AH reaction is negative, but regular hour trading and
analysts numbers will come into play.....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE opened higher,k but like a clockwork closed red, reason is potential retaliatory action by Chinese on US goods, EU is contemplating the same. Internals were weak. Strong stocks are acting well in this selling. We need clarity in trade policy otherwise we are heading into tit for tat actions by all countries.
BLOG does NOT give buy or sell.
Saleem
No comments:
Post a Comment