Indices closed UP .94% to 145%....NICE !!!!

Indices closed UP.

S&P 500 @ 2104.05, high 2106.20, low 2080.76

RSI @ 68.76

CMF @ 0.273

Internals were :

UP volume led by 5.44 to 1 in NYSE & 5.23 to 1 in Nasdaq

Advancing stocks led by 4.44 to 1 in NYSE & 3.57 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & 39 in Nasdaq

VIX Down 6.10% @ 14.15

Oil @ $46.14

Gold @ $1135.90

Stocks which closed UP 2% or more included   CNQ LULU 
JKS MU TWTR GPRO BIDU TSL FEYE VRX LVS 
TSLA CSIQ EBAY YELP SPWR HIMX CRUS 
LSCC FNSR QIHU AMBA X STLD DATA 
CSOD Z WYNN AH FIT....

AH ER...SANM UP 10.16%, FIT Down 8.09%

FIT reported a huge beat and guide UP, but was eclipsed by
7 million secondary for corporate purposes including R&D.

Here are the results :

Q3 Sales expected $350.97 million, actual $409.3 million

EPS expected 10 cents, actual 24 cents

Guidance Q4 expected $580.72 million, guiding $620 to $650 million

Guidance expected EPS 20 cents, guiding 20 to 25 cents

gross margins went up from Q2 to Q3 is 48.3%

Guiding gross margin from 48% to 48.5% for 2015

All in all, the-best earning report for Q3 by any company.....FIT is definitely a strong hold stock, based on its strong international growth picture.

AH Futures Up

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was strong as European & UK economy showed robust pick up in economic activity. S&P 500 is ready to take out its all time highs as early as Tuesday, Nasdaq & Dow in few days. Market internals were super strong. It seems like we are reaching a blow off stage in market. Stay in strong stocks with good growth potential.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed