Indices closed down .92% to 1.19%.....

Indices closed down.

S&P 500 @ 2075.81, low 2071.62, high 2099.30

RSI @ 54.28

CMF @ 0.123

Internals were :

Down volume led by 2.07 to 1 in NYSE & 2.07 to 1 in Nasdaq

Declining stocks led by 1.87 to 1 in NYSE & 1.96 to 1 in Nasdaq

Net new 52 wk highs were leading by 117 in NYSE & 57 in Nasdaq

VIX UP 10.53% @ 15.22

Oil @ $46.03

Gold @ $1266.40

In my portfolio :

Sold MSFT @ $49.78

Bought FB @ $117.12

Stocks which closed green included CMG FB NTES JCP
ABX GG SLW AEM LVS WYNN LNKD SINA WB 
MU SU SWIR CSOD VRX AGU.....

AH ER...BIDU UP 4.29%, LNKD UP 7.97%
               EXPE UP 10.85%, AMZN UP 12.62%

BIDU Q1 EPS was a beat by 3 cents and is guiding higher Sales for Q2

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was in green around 2 PM when Mr Icahn informed the world that he has zero AAPL shares, also predicted day of reckoning for market, that is all what was needed by many traders and they started selling in heavy volume. After hour earning reports were stellar from AMZN, LNKD , EXPE & BIDU which should tell Icahn followers, selling was not a great idea. This was the pullback which we got in a hurry in 2 hours.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed