Indices closed down .05% to .35%.......

Indices closed down.

S&P 500 @ 2102.31, low 2096.98, high 2114.59

RSI @ 66.94

CMF @ 0.241

Internals were :

Down volume led by 2.41 to 1 in NYSE & 1.23 to 1 in Nasdaq

Declining stocks led by 1.53 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new 52 wk highs were leading by 64 in NYSE & by 29 in Nasdaq

VIX UP 6.67% @ 15.51

Oil @ $46.32

Gold @ $1106.20

AH ER...FB UP 3.76%, QCOM Down 5.33%,
               FEYE Down 14.15%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

Facebook ER was a beat on Sales & EPS, here are the numbers :

Q3 Sales expected $4.37 billion, actual Sales $4.501 billion

Q3 EPS expected 52 cents, actual EPS 57 cents

FB has over 1.01 billion daily users worldwide.

Mobile Ad revenue was strong UP 27% yoy

FB had a very good earnings report despite pundits saying FB always goes down after earnings and having trimmed their holding in FB, many technicians had FB as a short.Another example of not following so called experts.

About market, TAPE had slight consolidation after Fed chief talk of December rate hike, TAPE handled this remarkably well, considering we are @ lofty level, it speaks of the strength & buying support of this TAPE. Individual strong stocks are the story of this market, many are making all time highs, follow the strength.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed