Indices closed UP.
S&P 500 @ 2924.58, high 2930.50, low 2905.67
RSI @ 51.67
CMF @ 0.138
Internals were :
UP volume led by 4.96 to 1 in NYSE & 3.70 to 1 in Nasdaq
Advancing stocks led by 3.24 to 1 in NYSE & 2.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & lows by 6 in Nasdaq
VIX Down 7.60% @ 17.88
Oil @ $56.71
Gold @ $1536.90
Stocks which were UP 2% or more AMD BZUN CIEN MRVL
LSCC MOMO FB IQ HUYA TSLA NVDA MU LRCX WB ROKU
AMAT BABA QRVO NTNX MS SU ULTA SWKS NKE XLNX
X CNX.....
AH news....ULTA Down 21.51%, MRVL Down 6.82%
AMBA UP 19.17%, DELL UP 9.02%
MRVL reported a beat in Sales and EPS in Q 2, its guidance was lower than consensus due to HUAWEI impact and ongoing trade issues. MRVL is still guiding sequential increase in Sales and EPS for Q 3. Conference call was upbeat and extremely confident going forward.
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day. Internals were strong. Market has found its footing and will move on news and earnings flow. Earnings tonight are mixed and will react accordingly. It is good to have a diversified portfolio to benefit from rotation.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Bought LITE @ 56.03 to get more cyclical exposure
After a good quarter and guidance despite headwinds, and with emerging technologies still, I think these guys are poised to perform well.
Stocktrader
Hi Saleem,
Sold CRON @ 11.02
I don't like the price action since buying after what should have been a really good oversold bounce as the market rebounds.
I'll stick to something I know better with a better chart and price action.
Stocktrader
Hi Saleem,
Bought FB @ 185.02 on spiking ad prices due to candidate purchasing.
Stocktrader
Hi Stocktrader,
Good luck with LITE & FB.....
Saleem
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