Wednesday, 1 November 2017

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2579.36, high 2588.40, low 2574.92

RSI @ 67.25

CMF @ 0.154

Internals were :

UP volume led by 1.41 to 1 in NYSE & .84 to 1 in Nasdaq

Advancing stocks led by 1.13 to 1 in NYSE & .59 to 1 in Nasdaq

Net new 52 wk highs were leading by 163 in NYSE & 134 in Nasdaq

VIX UP .20% @ 10.20

Oil @ $54.30

Gold @ $1277.30

AH ER......

TSLA Down 5.04%

YELP Down 5.39%

GPRO Down 11.06%

FEYE Down 13.87%

OCLR Down 15.46%

CTRP earnings report was beat in Sales & EPS

Sales Actual $1.19 billion, beats by $40 million

EPS Gap 32 cents beats by 8 cents

EPS Non Gap 41 cents beats by 17 cents

CTRP guiding next Q growth @ 25% to 30% YOY

CTRP was UP AH 3.26%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong @ open and made new all time highs in Dow , S&P 500 and Nasdaq. Nasdaq gave up all gains and closed down. Tonight most earnings report reaction are not positive, even FB beat on Sales & EPS is being sold off due to major expenses being incurred for 2018. Tomorrow could be a challenging day unless new Fed chief can say some soothing words to calm the market.

BLOG does NOT give buy or sell.

Saleem


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