Indices closed mixed.
S&P 500 @ 2922.95, low 2904.51, high 2939.08
RSI @ 49.73
CMF @ 0.106
Internals were :
Down volume led by 1.09 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 145 in NYSE & 21 in Nasdaq
VIX UP 5.54% @ 16.68
Oil @ $55.34
Gold @ $1508.50
AH news...ARMK UP 7.48%, CRM UP 6.45%
HPQ Down 6.29%, VMW Down 5.33%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was in a narrow range both UP & Down, waiting for Fed Chief to speak his mind once again, is it going to be any different than minutes or policy statement, I think not. Market may not like status quo on rates policy and may react negatively. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold SPLK @ 118.98
The conference call was probably the worst I've heard from them ever, with the biggest shortfall being the fact that they couldn't explain the low billings number.
Bought TREX @ 82.93
Buying a big earnings winner after a pullback. A recent analyst initiation postulated that they could grow consistently higher over the next 10 years as wood-alternatives disrupt the decking industry.
Stocktrader
Hi Stocktrader,
Good luck with TREX....
Saleem
Hi Saleem,
Oh, didn't notice your swap from yesterday until now. Good luck with TWTR! I might try to get involved there soon. It seems like nobody disseminates news and opinions like TWTR these days--definitely a one-of-a-kind property.
Stocktrader
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