WED. AUG. 13 THOUGHTS

Despite the continued broad decline in oil prices yesterday, there was a discernable shift in market sentiment. Notably, shares of many energies companies like HK closed higher yesterday. Yet, the financial sector was one of the weakest areas of the market yesterday with shares of entities like GS and WB closing down several percent each. What is particularly relevant is that the opposite divergence occurred just before the market began to rally. Thus, if the trend holds, weakness may take ahold of the market during the malaise period of late August. For day traders, it means increased vigilance and care. We as a group should not become giddy with excitement simply because what we’ve known to hold true for so many months might be coming back in vogue. However, we should be aware of the noted change in sentiment and trade accordingly all the while aware that some external event could change the market’s tone dramatically in the low volume and news flow period to come as the calendar progresses toward labor Day. For today, however, it'd seem like commodities are due to bounce.

Markets throughout Asia were down hard although the declines were stemmed in Europe. Oil is bouncing a bit and the metals markets look good to go for a huge rebound. Look for choppiness all day with commodities a feature.

Reiterating-New code for the next few days if the whole story is not there due to an expansive number of ideas-
If something is good, assume either a short thru unchanged or an A-B-A2 based on direction of the market unless specifiedIf something is bad, assume either a buy thru unchanged or an A-B-A2 based on direction of the market unless specified



Good-

NVDA- good earnings

AMAT- good earnings

CREE- good earnings

CFSG- good earnings

Bad-

CVS- buying out LDG in a huge drugstore deal

CSIQ- great earnings, but the stock may fall after the run-up

DE- atrocious earnings. CAT may follow through

WCG- bad report filed with the government

PODD- bad earnings

TWB- horrible earnings

airlines- should be weak with oil; could reverse at 10:35AM when oil stocks reprot comes out...worth monitoring

LIZ- bad earnings

M- bad earnings


WED AUG 13 BEF

BVF .35/188M .27/170M 1.24/742M 1.16/675M

CSIQ .45/206M .56/240M 2.22/896M 3.50/1.56B

DE 1.37/7.24B 1.14/6.56B 5.08/25.86B 6.09/28.38B

GIL .45/356M .45/340M 1.48/1.23B 2.09/1.47B

LIZ 0/970M .58/1.16B 1.39/4.37B 1.53/4.45B

M .19/5.76B .02/5.78B 1.86/25.76B 2.03/25.96B


WED AUG 13 AFT

ANW .23/616M .37/743M 1.21/2.69B 2.65/4.14B

CAI .77/644M .68/631M 2.72/2.41B 3.09/2.63B

CLNE -.11/34M -.04/38M -.32/143M .28/217M

CTRP .22/55M .26/63M 1.04/242M 1.49/349M

IOC -.11/230M -.21/208M -.51/926M -1.01/1.18B

IPI .38/96M .62/125M 2.19/466M 4.59/798M

NTAP .22/862M .30/919M 1.41/3.87B 1.72/4.41B

NTES .39/99M .36/103M 1.44/398M 1.66/452M

WX .14/68M .18/76M .70/285M .91/388M


Good luck today.

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