Indices closed UP.
S&P 500 @ 2846.07, high 2848.03, low 2817.73
RSI @ 69.70
CMF @ 0.186
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.75 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk high were leading by 81 in NYSE & lows by 4 in Nasdaq
VIX Down .97% @ 12.29
Oil @ $69.30
Gold @ $1231.80
Stocks which were UP by 3% or more included BZUN HUYA IQ SQ
CRUS YY SOGO OLED VICR JD BABA ROKU SPWR TSLA
TWTR TK JKS OSTK CRUS....
AH news...AMD UP 5.86%, QCOM UP 6.58%
XLNX UP 7.84%, FB Down 19.98%
AMD reported a better than expected Sales & EPS,
guidance is in line which is UPOD.
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day. After hour FB was a major miss in earnings and guidance, futures are sharply lower and most technology stocks gave up their gains in AH. Open can give another chance to buy strong stocks with good earnings as we should pare or eliminate losses by close.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Bought NXPI @ $92.00
Saleem
Hi Stocktrader & Saleem,
Can I get your thoughts on FB, how low it can go today? I have 2 puts 205 August 17 & would like to replace it with AMZN call for today’s earnings play
Thanks,
Explorer
Hi Saleem,
Good luck with NXPI. The earnings and guidance reported this morning were nothing special. I think it's stuck in the low 90s for a while even with the huge buyback program now.
Sold AVLR @ 45.61
This stock really hasn't worked since my purchase, and so I took the chance to sell after a nice pop in the last 24 hours.
Stocktrader
Hi Explorer,
I think it could potentially fall a little further as estimates get slashed very hard, but it's probably only an small incremental move on top of what's already transpired.
Stocktrader
Thanks Stocktrader. I booked the profits by selling FB puts when the price was 175.30; Additionally I dropped the idea of buying AMZN calls based on the IV
Thanks,
Explorer
Hi Explorer,
Hope you have acted on Stocktraders advice already IF NOT....we may have seen the low already.
Good luck on FB & AMZN
Saleem
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