Indices closed down.
S&P 500 @ 2784.40, low 2782.51, high 2793.73
RSI @ 65.90
CMF @ 0.275
Internals were :
Down volume led by 1.53 to 1 in NYSE & 1.05 to 1 in Nasdaq
Declining stocks led by 1.30 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 39 in Nasdaq
VIX UP .54% @ 14.78
Oil @ $57.22
Gold @ $1316.10
AH news....TSLA Down 3.34%, NTNX Down 21.18%
GPS UP 25.59%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed slightly lower despite good economic data in USA. 3 days have been sideways pretty much which is a show of strength of this market. Money flow remained positive for months which is also a good sign of inflow into equities. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold GS @ 201.17 to take profits
This overhang from Malaysia might take longer to resolve than I thought.
Bought SPLK @ 134.73
Amazing quarter and guidance, nothing much else to say.
Added a little to FLSR @ 53.93 due to underweighting.
Stocktrader
Let me rephrase, it wasn't amazing "guidance", but they are such conservative guiders (see the crazy beat this current quarter), that the verbal outlook they gave on the conference call indicates they are seeing massive momentum right now.
I'm frustrated I sold earlier this year, but the story will continue.
Stocktrader
Hi Saleem,
Sold GM @ 39.30
Despite impressive execution and forward thinking, the auto business is too much of an uphill battle right now.
Bought PANW @ 245.90
After a pullback after surprisingly good earnings, I think these guys are worth a shot. They are have the scale to become the premier cybersecurity play and aggregator.
Stocktrader
Hi Stocktrader,
Good luck with your strategy.
Good luck with PANW, SPLK & more FSLR
Saleem
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