Wednesday 3 May 2017

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2388.13, low 2379.75, high 2389.82

RSI @ 61.17

CMF @ -0.041

Internals were :

Down volume led by 1.40 to 1 in NYSE & 1.52 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.79 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & 21 in Nasdaq

VIX UP .85% @ 10.68

Oil @ $47.82

Gold @ $1248.50

AH ER....FB Down 2.39%, TSLA Down 2.35%

FB ER was a major beat in EPS by 17 cents $1.04 actual vs 87 cents estimate, they change earnings to GAAP vs non-GAAP...without any notice to anyone, explained in conference call by CFO.
Sales came in @ $8.03 billion vs estimate of  $7.83 billion
User count and Ad revenue beat estimates handily.

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE handled AAPL earning shortfall well and closed near high of the day. Earnings continue to do well as FB beats all expectations. Internals were weak as Nasdaq was under pressure until close. Fed remains upbeat about US economy and calling current weakness as temporary.

BLOG does NOT give buy or sell.

Saleem

1 comments:

Clara Mellor said...


Indian benchmark indices gave lacklustre movement with a lack of any major results out during the market hours. Investors also remained cautious ahead of Fed policy outcome, due later in the day. capitalstars

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