The Moskowitz Report (RIG, AAPL, WMT, C, NUGT, TSLA, BP, ANF, BAC, SLV, FB, XOM, JWN, HL, NVDA, CVX, RL, JPM, BA, COP, KSS, GLD, IBM, PSX, SHLD, NFLX, MPC, DDS, GS, HES, GOOGL) - Stock Market Commentary For Tuesday, June 13, 2017
Todays’ market was another pretty boring affair. After the open without major follow-thru to the downside we rallied slightly and then stayed in a narrow range until the end of the session when we rallied to just under unchanged and closed there. The market internals were pretty close to Friday’s with the NYSE volume of 5:4 up and A/D were 1:1. NASDAQ was 3:5 down with its A/D 3:4.
The big NASDAQ names were mixed with GOOGL -8.69, AMZN -14.76, AAPL -3.62, FB – 1.03, NFLX -6.28, NVDA +1.26, TSLA +1.55 with none closing anywhere near their lows. BA was +.24 and IBM +1.08. Energy was higher with the oil rallying to almost $47 and finished up @$46.08, and the stocks were mostly higher with CVX +1.62, XOM +.92, APC +.34, OXY -.16, COP +.90, BP -.04, PSX +.64, RIG +.14, MPC -.13, MRO + .08, HES -.11 and XLE +.42. Retail was also mixed with M unch, JWN -.69, KSS +.23, WMT - .18, DDS +.59, RL -.45, SHLD -.03, ANF -.10 and XLE +.13.
Financials and metals were both mixed to lower with GS -.53, JPM -.06, C -.11and BAC +.13. GLD was +.30, SLV -.23, NUGT -.43 and HL -.28.
All in all, a quiet day ahead of the Fed’s 2 day meeting.
Tomorrow is another day...CAM
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