Indices closed down .31% to .42%......

Indices closed down.

S&P 500 @ 2165.16, low 2159.75, high 2174.56

RSI @ 63.70

CMF @ 0.263

Internals were :

Down volume led by 1.47 to 1 in NYSE & 1.56 to 1 in Nasdaq

Declining stocks led by 1.38 to 1 in NYSE & 1.67 to 1 in Nasdaq

Net new 52 wk highs were leading by 181 in NYSE & 71 in Nasdaq

VIX UP 8.24% @ 12.74

Oil @ $44.75

Gold @ $1331.00

In my portfolio :

Bought NXPI @ $83.60
Added 100% SBUX @ $57.35

Portfolio CMG NXPI JCP SBUX OLED VRX.....

AH ER....CMG Down 1.93%, SBUX Down 2.66%
               SWKS Down 3.76%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down  

AH Gold UP

SBUX reported a beat in EPS by 2 cents, but Sales was a miss, actual Sales $5.2 billion vs expected $5.33 billion.Worth keeping in portfolio.

CMG Was a miss of 6 cents on EPS 87 cents vs expected 93 cents, Sales $998.4 million vs expected 1.05 billion.....Keeping in portfolio....

About market, TAPE was under mild selling pressure and closed well above low of the day, this is very impressive considering we were overbought. VIX turned UP 8.24% which is a big relief from lowest close in 2 years. It will be interesting how market close looks like, as most high profile earnings were a miss.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed