sp'60min
Summary
*awaiting earnings from Tesla and Twitter.
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It was a really mixed day.. with the morning significant declines fading into the afternoon, with a fair few indexes closing net lower.
Clearly, it was not a great day for the bulls, but neither was it particularly dire.
For now, unless rising trend is broken - which at the Friday close will be around sp'1835, equity bears are still likely going to need to be patient for another weeks or two.
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notable movers...
AA -3%
CHK -12%, as talk of bankruptcy increases
DIS -3% in the $88s, despite good earnings
SDLR -5%, as energy prices struggle.
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Oh lookie... AMZN is launching a buy back...
Clearly, that will solve the underlying problem of poor profitability, right?
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.. and another...
As noted.. clearly buy backs will solve ALL problems, right, ???
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TLSA earnings... market expected 10 cent EPS.... actual : negative -87 cents.... stock initially implodes to $135, but is already back to $150... and vulnerable to 180s.
Maybe the TSLA problems could be solved with a buy back? They just need to issue more shares or corp' debt.. to fund such a buy back. That will work.. yes?
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oh noes.. ex-momo stock TWTR.. EPS beat.. but market breaks the stock to a new historic low of $12.84
So... we're in the $12s... and sp' ain't even 1700s yet. If sp'1600s.. TWTR will be sub $10. Ohh the humanity!
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A daily wrap will appear at 8pm EST.