Indices are higher on strong earnings from FB & AMD. Indices are @ high of the day.
S&P 500 @ 2670.71, high 2672.06, low 2647.16
Internals are positive by 2 to 1
Oil Down 1 tick
Gold Down $4.70
Canadian $ Down 28 tick @ .7131
VIX Down 6.78% @ 16.63
Portfolio BZUN FSLR MOMO NVDA SNAP SQ
Most stocks are UP
@ 2.19 following are red :
VICR AAPL CTRP DNKN EBAY EXPE GG JKS
PCLN CIEN TRIP AAL CNX.....
AH FSLR reports, here are the expectations :
Q1 Sales $421.24 million, EPS -0.07
Q2 expectations Sales $574.29 million, EPS 31 cents
FSLR is on the verge of accelerating Sales and earnings.
Expecting better than expected report, stock expected to move 8%+-
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
In the last half hour, sold everything except a few holdings given the huge relief rally today. I'm too concerned about the next move and mood of the market to feel confident in most of my picks which are somewhat dependent on positive sentiment to continue their price march higher.
Current Holdings: BABA VICR MHO TRIL APPN, cash 71.7%
I guess I'm pulling the old "sell in May". We'll see how patient I can be...
Stocktrader
Hi Stocktrader,
72% cash going into May....may not be a bad idea.
Good luck with your early summer vacation....
Saleem
Hi Saleem,
Ugh, as usual I made a big mistake selling my individual stock picks when felt weakness in the general market...BOOM after the bell announced incredible results. They raised 2018 ex-items guidance to $1.90-$2.00 vs analyst expectations of $1.26.
Stocktrader
Hi Stocktrader,
Do not worry too much...IF you like what BOOM is doing....just buy it....
Saleem
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