Wednesday, July 24, 2019

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3019.56, high 3019.59, low 2996.92

RSI @ 65.25

CMF @ 0.262

Internals were :

UP volume led by 2.69 to 1 in NYSE & 3.09 to 1 in Nasdaq

Advancing stocks led by 2.68 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 298 in NYSE & 51 in Nasdaq

VIX Down 4.28% @ 12.07

Oil @ $55.88

Gold @ $1423.60

Stocks which were UP 2% or more included CIEN SQ TWTR
BZUN MU LRCX MTCH FEYE ROKU AAL AMAT CHK
NFLX ALDR TK YELP CIEN OSTK KBH CMG M

AH news...SAVE Down 12.99%, TSLA Down 11.02%

                 XLNX Down 5.93%, NTGR UP 9.58%

FB reported a beat in Sales & EPS UP $1.54 AH...

TSLA  fell slightly short on Sales but missed consensus EPS loss 
$1.12 actual loss vs expected 40 cents loss....TSLA had run too much ahead of 
this earning, so any miss was treated harshly..Down 11.02% AH....
Still TSLA may be a good hold going forward.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under pressure @ open due to mixed earnings, by close Indices closed @ high of the day, S&P 500 and Nasdaq closed @ new all time high. Internals were all positive. AH earnings were mostly negative plus we are overbought, Thursday could be challenging but close may surprise us.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

hi Saleem,

Sold URI @ 126.51 to take profits

Bought CSTL @ 18.71 on impressive growth and a strong move towards profitability.

Stocktrader

Stocks100 said...


Hi Stocktrade,

Good move in booking profit.....

Good luck with CSTL...

Saleem