Indices closed UP.
S&P 500 @ 2666.94, high 2675.48, low 2647.16
RSI @ 49.90
CMF @ 0.017
Internals were :
UP volume led by 1.93 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 2.06 to 1 in NYSE & 1.66 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & 3 in Nasdaq
VIX Down 8.97% @ 16.24
Oil @ $68.19
Gold @ $1317.90
Stocks which were UP 2% or more included FSLR MOMO SQ
INTC SPLK OLED FB MU BIDU WB SHOP AMZN BABA
AMD AMAT LRCX MA MRVL MSFT NFLX ROKU V
SBUX ALDR TK MLNX FNSR OSTK CRUS ULTA
NKE KBH CMG M....
AH news....X Down 6.37%, FLEX Down 17.37%
AMZN UP 6.49%, INTC UP 5.52%
FSLR reported a major beat in Sales & EPS
Sales actual $567.28 million vs expectations of $421.24 million
EPS actual 78 cents vs expectations of loss of 7 cents
FSLR is guiding same for the year due to some additional cost and
order flow, ramp up in back half. Stock was down 8 cents AH.
I will not be surprised to see many upgrades by analysts as conference call was upbeat and had a sense of " under promise focus " so they could beat again by wide margin.
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE celebrated good earnings from FB & AMD by closing near high of the day. After hour most earnings are very impressive from AMZN INTC BIDU which should push Nasdaq UP sharply. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
13 comments:
Hi Saleem,
Bought SOXS @ 12.83 as per my plan yesterday.
Stocktrader
Hi Stocktradere,
Good luck with your short on sox.
Saleem
Hi Saleem,
Bought SPLK @ 101.24
Now that I have my short on, I feel more comfortable adding stock-specific long exposure.
Stocktrader
Hi Stocktrader,
Your 3x short is working like a charm...
Good luck with SPLK.
Saleem
Hi Saleem,
Added to APPN @ 26.70
It was very underweight given I didn't have much cash when I initiated the position. I think the story here is great and continues to improve with some recent developments, but is very expensive. It is still one of my lowest weightings.
Stocktrader
Hi Saleem,
Bought TZA @ 11.22
This is another piece of the puzzle to give me enough short exposure to be comfortable with long specific names. I am now looking to add selectively.
Stocktrader
Hi Saleem,
Bought VRNS @ 65.05
A company that helps secure and manage data, it should benefit largely from recent developments throughout the world including the FB debacle and new EU provisions.
Stocktrader
Hi Stocktrader,
Good luck with TZA & VRNS and more APPN.
Saleem
Hi Saleem,
Added a bit more TZA @ 11.23
I realized I didn't buy enough earlier so I added some.
Stocktrader
Hi Stocktrader,
Good luck with " enough TZA "
Saleem
Hi Saleem,
Bought EBS @ 52.46
Another stock I've been watching for a while, I feel like I am safe to enter after a pullback, good action today, and having my good hedges in place.
These guys make specialty health products for civilian and military populations to combat things like chemical or biological threats. Fairly speculative, it seems to have decent valuation for its growth rate and so I start a position.
Stocktrader
Hi Saleem,
Bought NSP @ 76.77
Rebuying this from yesterday's sell after I now have my hedges on.
A company that provides human resources and human capital management services to mostly mid-size companies, they are relatively cheap considering the continued growing outsourcing demand for these services.
Stocktrader
Hi Stocktrader,
Good luck with EBS and NSP....
Saleem
Post a Comment