Indices started UP went down & tried to reach breakeven. S&P 500 was the sole green close.
S&P 500 closed @ 1412.16
RSI @ 38.66
CMF @ -0.072
Internals were :
UP volume led by 1.33 to 1 in NYSE & .71 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 0 in Nasdaq
VIX closed UP 4.44% @ 18.60
Oil closed @ $86.24
Gold closed @ $1719.10
AH ER :
CRUS UP .91%
V UP 1.8%
OTEX Down 7.33%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
Chinese PMI came in @ 50.2% vs consensus of 50.3%......clear sign that Chinese economy had a "soft landing"....
About market, all three indices staged a "higher low", a good sign that we MAY be nearing the end of this correction in October. Commodity stocks are having a good run based on seasonality. We should be moving UP as market "looks ahead".....who knows MAYBE stock market can predict who will win the "white house".
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 31, 2012
Indices down .20% to .57%.....
Indices are down again reflecting indecision about election & weak earnings.
S&P 500 @ 1409.13, low today @ 1405.95 this IS higher low from Friday of 1403.28
RSI @ 37.48
Internals are mostly negative
Oil UP 63 cents
Gold UP $8.10
Canadian $ Down 6 tick @ 100.01
VIX UP 5.28% @ 18.75
Portfolio is APKT,AMZN,BIDU,LVS,LEN,PANW,YHOO
Most of the stocks are down
@ 1.52 following are UP :
LVS,LEN,SU,CMG,AUY,DNKN,EXPE,TCK,NFLX,
CRUS,AEM,GG,KORS,LULU,LNKD,POT,GOOG,
RIMM,MA,EGO,SLW,CCJ,MGA,BAC,MS,MLNX,
WYNN,AGU,GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1409.13, low today @ 1405.95 this IS higher low from Friday of 1403.28
RSI @ 37.48
Internals are mostly negative
Oil UP 63 cents
Gold UP $8.10
Canadian $ Down 6 tick @ 100.01
VIX UP 5.28% @ 18.75
Portfolio is APKT,AMZN,BIDU,LVS,LEN,PANW,YHOO
Most of the stocks are down
@ 1.52 following are UP :
LVS,LEN,SU,CMG,AUY,DNKN,EXPE,TCK,NFLX,
CRUS,AEM,GG,KORS,LULU,LNKD,POT,GOOG,
RIMM,MA,EGO,SLW,CCJ,MGA,BAC,MS,MLNX,
WYNN,AGU,GS.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 28, 2012
Jobs report & election takes its turn in spotlight....
Indices are under pressure due to uncertainty about election.
Jobs report for October adds to political implication.
Election takes the focus away from "normal market action"
VIX buying is furious @ much higher level 35 ?
Currently VIX @ 17.81...my question is, why so low ?
BUT ..all this is very simplistic to be bearish when major event like election is @ hand.
S&P 500 has corrected 4.83% which is awfully close to "normal pullback of 5% to 7%"
The next support in S&P 500 is @ 1350 to 1360....
Considering "election uncertainty"....that may not be far fetched.........
I think too many traders are still too "euphoric" about yesterday's winners.......
I definitely see leadership changing already......all you have to do is check "new 52 wk HIGH list"
New stocks are trickling in that list.......
Indices are making new lows daily...which is never a good thing from technical point of view......
Keep expectations low & venture into new arena where leadership may be headed......
I personally believe that indices are in the process of discounting election uncertainty, once polls are clear about winner or after election..we may have a very strong run.....
Election is few days away.......
Develop your sector strategy.....
DO..more homework for new leaders
Good luck with your OWN strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
Jobs report for October adds to political implication.
Election takes the focus away from "normal market action"
VIX buying is furious @ much higher level 35 ?
Currently VIX @ 17.81...my question is, why so low ?
BUT ..all this is very simplistic to be bearish when major event like election is @ hand.
S&P 500 has corrected 4.83% which is awfully close to "normal pullback of 5% to 7%"
The next support in S&P 500 is @ 1350 to 1360....
Considering "election uncertainty"....that may not be far fetched.........
I think too many traders are still too "euphoric" about yesterday's winners.......
I definitely see leadership changing already......all you have to do is check "new 52 wk HIGH list"
New stocks are trickling in that list.......
Indices are making new lows daily...which is never a good thing from technical point of view......
Keep expectations low & venture into new arena where leadership may be headed......
I personally believe that indices are in the process of discounting election uncertainty, once polls are clear about winner or after election..we may have a very strong run.....
Election is few days away.......
Develop your sector strategy.....
DO..more homework for new leaders
Good luck with your OWN strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 25, 2012
Indices closed green.....NICE !!!!
Indices closed UP .15% to .30%.
S&P 500 closed @ 1412.97
RSI @ 38.90
CMF @ -0.117
Internals were :
UP volume led by 1.38 to 1 in NYSE & 1.24 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were mixed +48 in NYSE & <6> in Nasdaq
VIX closed Down 1.15% @ 18.12
Oil closed $86.05
Gold closed @ $1713
Stocks which closed green included BIDU,LVS,YHOO,CMG,
AUY,JCP,DNKN,TCK,NFLX,AEM,GG,YUM,FCX,GOOG,
RIMM,SU,V,GMCR,ZNGA,LRCX,MU,CIEN,SBUX,SLW,
SINA,ECA,MGA,BJRI,WYNN,IBN.....
My portfolio weighting is :
YHOO 19.55%
LEN 17.66%
LVS 16.85%
AMZN 13.42%
BIDU 13.41%
PANW 9.58%
APKT 9.53%
Exposure 110%
AH ER : AMZN Down 1%, AAPL UP .02%, APKT UP 4.32%, EXPE UP 15.51%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, AMZN & AAPL ER did not add to the confidence level for traders. Election is also playing an uncertain role in markets. TAPE is slowly working off earnings & election uncertainty. I am impressed with TAPE resiliency despite an onslaught of bad earnings report. How we close on weekly option expiry Friday will determine IF TAPE is turning positive.
BLOG does NOT give buy or sell.
PS...i will be celebrating Eid-Al-Adha a festival of sacrifice by Muslims all over the world. I will be busy on Friday with friends & family. Next post will be on Sunday by 2 PM.
Saleem
S&P 500 closed @ 1412.97
RSI @ 38.90
CMF @ -0.117
Internals were :
UP volume led by 1.38 to 1 in NYSE & 1.24 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were mixed +48 in NYSE & <6> in Nasdaq
VIX closed Down 1.15% @ 18.12
Oil closed $86.05
Gold closed @ $1713
Stocks which closed green included BIDU,LVS,YHOO,CMG,
AUY,JCP,DNKN,TCK,NFLX,AEM,GG,YUM,FCX,GOOG,
RIMM,SU,V,GMCR,ZNGA,LRCX,MU,CIEN,SBUX,SLW,
SINA,ECA,MGA,BJRI,WYNN,IBN.....
My portfolio weighting is :
YHOO 19.55%
LEN 17.66%
LVS 16.85%
AMZN 13.42%
BIDU 13.41%
PANW 9.58%
APKT 9.53%
Exposure 110%
AH ER : AMZN Down 1%, AAPL UP .02%, APKT UP 4.32%, EXPE UP 15.51%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, AMZN & AAPL ER did not add to the confidence level for traders. Election is also playing an uncertain role in markets. TAPE is slowly working off earnings & election uncertainty. I am impressed with TAPE resiliency despite an onslaught of bad earnings report. How we close on weekly option expiry Friday will determine IF TAPE is turning positive.
BLOG does NOT give buy or sell.
PS...i will be celebrating Eid-Al-Adha a festival of sacrifice by Muslims all over the world. I will be busy on Friday with friends & family. Next post will be on Sunday by 2 PM.
Saleem
Indices green by .09% to .27%....
Indices are currently green as indices has been on both side.
S&P 500 @ 1412.24, lower low for two days in a row...low today 1405.14
RSI @ 38.84
Internals are positive
Oil Down 14 cents
Gold UP $10.80
Canadian $ UP 5 tick @ 100.71
VIX Down .44% @ 18.25
Portfolio is APKT,AMZN, BIDU,LVS,LEN,PANW,YHOO
AMZN reports tonight, i expect a beat & in-line guidance
APKT reports tonight, in-line Q but slightly higher guidance
Most stocks are UP
@ 1.40 following are down :
APKT,LEN,PANW,EXPE,FFIV,CRUS,SNDK,KORS,
LULU,AAPL,LNKD,POT,COH,CLF,MA,FB,BRCM,
BWLD,ARNA,BAC,MS,GS,AGU,SNE.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1412.24, lower low for two days in a row...low today 1405.14
RSI @ 38.84
Internals are positive
Oil Down 14 cents
Gold UP $10.80
Canadian $ UP 5 tick @ 100.71
VIX Down .44% @ 18.25
Portfolio is APKT,AMZN, BIDU,LVS,LEN,PANW,YHOO
AMZN reports tonight, i expect a beat & in-line guidance
APKT reports tonight, in-line Q but slightly higher guidance
Most stocks are UP
@ 1.40 following are down :
APKT,LEN,PANW,EXPE,FFIV,CRUS,SNDK,KORS,
LULU,AAPL,LNKD,POT,COH,CLF,MA,FB,BRCM,
BWLD,ARNA,BAC,MS,GS,AGU,SNE.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 24, 2012
Indices closed down .19% to .31%.....
Indices closed near low of the day.
S&P 500 closed @ 1408.75
RSI @ 36.48
CMF @ -0.089
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.48 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs & lows were mixed, +27 in NYSE & <25> in Nasdaq
VIX closed Down 2.66% @ 18.33
Oil closed @ $85.73
Gold closed @ $1701.60
Green close included LEN,CMG,TCK,KORS,
LULU,AAPL,LNKD,GMCR,FB,C,ARNA,
MOS,SBUX,SINA,MS,MLNX,GS.....
AH ER :
FIO Down 9.16%
FFIV Down 10.60%
WYNN UP 3.47%
AKAM UP 6.95%
ZNGA UP 13.67%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, many leaders start to show good technical action. Internals were not that negative, VIX was down also.Thursday AH is mother of all earnings report by AAPL & AMZN. I expect guidance from both to be strong. I am expecting that AAPL & AMZN will turn the tide for this market, sentiment for both stock is extremely negative which is a good contrary indicator.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1408.75
RSI @ 36.48
CMF @ -0.089
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.48 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs & lows were mixed, +27 in NYSE & <25> in Nasdaq
VIX closed Down 2.66% @ 18.33
Oil closed @ $85.73
Gold closed @ $1701.60
Green close included LEN,CMG,TCK,KORS,
LULU,AAPL,LNKD,GMCR,FB,C,ARNA,
MOS,SBUX,SINA,MS,MLNX,GS.....
AH ER :
FIO Down 9.16%
FFIV Down 10.60%
WYNN UP 3.47%
AKAM UP 6.95%
ZNGA UP 13.67%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, many leaders start to show good technical action. Internals were not that negative, VIX was down also.Thursday AH is mother of all earnings report by AAPL & AMZN. I expect guidance from both to be strong. I am expecting that AAPL & AMZN will turn the tide for this market, sentiment for both stock is extremely negative which is a good contrary indicator.
BLOG does NOT give buy or sell.
Saleem
Indices green after fed policy statement....
Fed policy statement are repeating mostly previous tone except inflation is slightly higher.
S&P 500 @ 1414.72
Internals are positive.
Oil Down 94 cents
Gold Down $5.10
Canadian $ Down 31 tick @ 100.45
VIX Down 3.4% @ 18.19
In my portfolio :
Sold RIMM
Bought AMZN @ $230.84
Portfolio is APKT,AMZN,BIDU,LVS,LEN,PANW,YHOO
Exposure 110%
Most stocks are UP
@ 2.33 following are red :
APKT,AMZN,BIDU,PANW,YHOO,AUY,JCP,DNKN,
EXPE,NFLX,FFIV,GG,PCLN,M,COH,MA,MU,BRCM,
CIEN,SNDK,JDSU,FNSR,QCOM,BWLD,NVDA,
MCD,ECA,WYNN....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1414.72
Internals are positive.
Oil Down 94 cents
Gold Down $5.10
Canadian $ Down 31 tick @ 100.45
VIX Down 3.4% @ 18.19
In my portfolio :
Sold RIMM
Bought AMZN @ $230.84
Portfolio is APKT,AMZN,BIDU,LVS,LEN,PANW,YHOO
Exposure 110%
Most stocks are UP
@ 2.33 following are red :
APKT,AMZN,BIDU,PANW,YHOO,AUY,JCP,DNKN,
EXPE,NFLX,FFIV,GG,PCLN,M,COH,MA,MU,BRCM,
CIEN,SNDK,JDSU,FNSR,QCOM,BWLD,NVDA,
MCD,ECA,WYNN....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 23, 2012
Indices closed down .88% to 1.82%.....
Indices were sharply lower due to ongoing earnings concern.
S&P 500 closed @ 1413.11
RSI @ 37.92
CMF @ -0.076
Internals were :
Down volume led by 7.48 to 1 in NYSE & 1.64 to 1 in Nasdaq
Declining stocks led by 2.76 to 1 in NYSE & 1.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 9 in NYSE & 60 in Nasdaq
VIX jumped 13.30% @ 18.83
Oil closed @ $86.67
Gold closed @ $1709.40
AH ER :
NFLX Down 16.31%
BRCM UP .33%
VMW UP 2.64%
FB UP 12.87%
AH Futures UP
AH Asian Market Mixed
AH Oil & Gold UP
About market, Indices tested major support but did not violate during the day or @ close. S&P 500 low today was 1407.56. Technical read on market is showing deeply oversold condition. CMF has improved from low point of -.22. Looks like earnings disappointment has finally run its course in terms of overall market impact. Fed statement should give us a boost @ 2.15 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1413.11
RSI @ 37.92
CMF @ -0.076
Internals were :
Down volume led by 7.48 to 1 in NYSE & 1.64 to 1 in Nasdaq
Declining stocks led by 2.76 to 1 in NYSE & 1.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 9 in NYSE & 60 in Nasdaq
VIX jumped 13.30% @ 18.83
Oil closed @ $86.67
Gold closed @ $1709.40
AH ER :
NFLX Down 16.31%
BRCM UP .33%
VMW UP 2.64%
FB UP 12.87%
AH Futures UP
AH Asian Market Mixed
AH Oil & Gold UP
About market, Indices tested major support but did not violate during the day or @ close. S&P 500 low today was 1407.56. Technical read on market is showing deeply oversold condition. CMF has improved from low point of -.22. Looks like earnings disappointment has finally run its course in terms of overall market impact. Fed statement should give us a boost @ 2.15 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .88% to 1.75%......
Indices are lower on poor earnings from 3M & Dupont.
S&P 500 @ 1415.12..low was 1407.56
RSI @ 38.71
Internals are negative by minimum 2 to 1
Oil down $2.43
Gold Down $16.20
Canadian $ Down 8 tick @ 100.71
VIX UP 11.79% @ 18.58
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Most stocks are down
@ 2.18 following are green :
YHOO,BIDU,RIMM,CMG,EXPE,NFLX,
PCLN,LULU,GOOG,COH,FB,JDSU,CIEN,
FNSR,BWLD,NVDA.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1415.12..low was 1407.56
RSI @ 38.71
Internals are negative by minimum 2 to 1
Oil down $2.43
Gold Down $16.20
Canadian $ Down 8 tick @ 100.71
VIX UP 11.79% @ 18.58
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Most stocks are down
@ 2.18 following are green :
YHOO,BIDU,RIMM,CMG,EXPE,NFLX,
PCLN,LULU,GOOG,COH,FB,JDSU,CIEN,
FNSR,BWLD,NVDA.....
BLOG does NOT give buy or sell.
Saleem
Monday, October 22, 2012
Indices closed UP .02% to .38%......NICE !!!!
Indices closed UP after being down.
S&P 500 closed @ 1433.81
RSI @ 45.95
CMF @ -0.098
Internals were :
Down volume led by 1.09 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by 1.05 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 25 in NYSE & lows were leading by 18 in Nasdaq
VIX closed Down 2.58% @ 16.62
Oil closed Down @ $88.73
Gold closed UP @ $1726.30
AH ER :
TXN Down .32%
WDC Down 6.26%
YHOO UP 4.57% with a beat in Sales & huge beat in EPS
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, indices tested major support & turned right back UP on NO news. This was a strong technical action. Major support for S&P 500 is between 1400 & 1420 area, today low was 1422.06. Hopefully TAPE has discounted below expectations earnings. Buying the weakness or staying put has been a good approach.
BLOG does NOT give buy or sell.
PS...post was delayed due to debate...politics can affect economics / trade which affects stock market.....
Saleem
S&P 500 closed @ 1433.81
RSI @ 45.95
CMF @ -0.098
Internals were :
Down volume led by 1.09 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by 1.05 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 25 in NYSE & lows were leading by 18 in Nasdaq
VIX closed Down 2.58% @ 16.62
Oil closed Down @ $88.73
Gold closed UP @ $1726.30
AH ER :
TXN Down .32%
WDC Down 6.26%
YHOO UP 4.57% with a beat in Sales & huge beat in EPS
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, indices tested major support & turned right back UP on NO news. This was a strong technical action. Major support for S&P 500 is between 1400 & 1420 area, today low was 1422.06. Hopefully TAPE has discounted below expectations earnings. Buying the weakness or staying put has been a good approach.
BLOG does NOT give buy or sell.
PS...post was delayed due to debate...politics can affect economics / trade which affects stock market.....
Saleem
Indices down .19% to .65%.....
Indices are down as earnings uncertainty takes a toll.
S&P 500 @ 1423.82
Internals are negative by almost 2 to 1
Oil Down $1.31
Gold UP $2.60
Canadian $ Down 8 tick @ 100.59
VIX UP 4.87% @ 17.89
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM, YHOO
Most stocks are down
@ 2.05 following are green :
BIDU,PANW,YHOO,AUY,JCP,NFLX,CRUS,AAPL,AEM,
GG,PCLN,POT,FB,LRCX,C,X,STLD,SLW,BAC,SNE,AGU,IBN....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1423.82
Internals are negative by almost 2 to 1
Oil Down $1.31
Gold UP $2.60
Canadian $ Down 8 tick @ 100.59
VIX UP 4.87% @ 17.89
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM, YHOO
Most stocks are down
@ 2.05 following are green :
BIDU,PANW,YHOO,AUY,JCP,NFLX,CRUS,AAPL,AEM,
GG,PCLN,POT,FB,LRCX,C,X,STLD,SLW,BAC,SNE,AGU,IBN....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 21, 2012
Headlines vs reality ?
IF you look @ headlines on Friday & this weekend, you will believe that something horrible has happened or going to get worse in stock market......
Facts for the week ending Friday IS :
Dow was UP .1%
S&P 500 was UP .3%
Nasdaq was Down 1.3%
SO...what is this "hyper-analysis of last week".......
As we all should know that "market goes UP & then goes Down"
SO it went down for the week in Nasdaq only......
We all know why Nasdaq was weak, mother of all stock AAPL is well below 50 DMA.....
Many earnings report not only was bad in technology, but they are "not optimistic about Q4"
When future in any sector do not look good....smart investors "sell,sell,sell"
Now..what happens in the week ending next Friday, should be the-focus.....
AMZN & AAPL are reporting in the week ahead.......how they report is going to encourage buying or more selling......
Monday is also last debate among politicians... both will say & promise anything to get vote...so what else is new ???
IF i have to guess...there may be more positive action than negative in the coming week.
Any selling needs to be analyzed to "spot positive TAPE in many sectors"
Techs may be IFFY but "homebuilders are NOT"
Some turnaround candidates in Techs are OK also.
SO...instead of being "totally consumed by headlines", it IS TIME to do your OWN analysis.
FEAR & GREED are CONTRARY indicator in Wall Street......currently FEAR is ruling based on Individual investors survey & Hedge Fund survey....both group is scared & tilting towards 2009 reading.....Individual investors are only 28% bullish & 44% bears...hedge funds are @ lowest confidence levels since 2009 lows......
All i can highlight is, that we are near "major support in S&P 500"........
Good luck with your OWN indicators which dictates your comfort level..
BLOG does NOT give buy or sell.
Saleem
Facts for the week ending Friday IS :
Dow was UP .1%
S&P 500 was UP .3%
Nasdaq was Down 1.3%
SO...what is this "hyper-analysis of last week".......
As we all should know that "market goes UP & then goes Down"
SO it went down for the week in Nasdaq only......
We all know why Nasdaq was weak, mother of all stock AAPL is well below 50 DMA.....
Many earnings report not only was bad in technology, but they are "not optimistic about Q4"
When future in any sector do not look good....smart investors "sell,sell,sell"
Now..what happens in the week ending next Friday, should be the-focus.....
AMZN & AAPL are reporting in the week ahead.......how they report is going to encourage buying or more selling......
Monday is also last debate among politicians... both will say & promise anything to get vote...so what else is new ???
IF i have to guess...there may be more positive action than negative in the coming week.
Any selling needs to be analyzed to "spot positive TAPE in many sectors"
Techs may be IFFY but "homebuilders are NOT"
Some turnaround candidates in Techs are OK also.
SO...instead of being "totally consumed by headlines", it IS TIME to do your OWN analysis.
FEAR & GREED are CONTRARY indicator in Wall Street......currently FEAR is ruling based on Individual investors survey & Hedge Fund survey....both group is scared & tilting towards 2009 reading.....Individual investors are only 28% bullish & 44% bears...hedge funds are @ lowest confidence levels since 2009 lows......
All i can highlight is, that we are near "major support in S&P 500"........
Good luck with your OWN indicators which dictates your comfort level..
BLOG does NOT give buy or sell.
Saleem
Friday, October 19, 2012
Indices closed sharply lower below key technical levels....
All indices are below 50 DMA. Below expectations earnings dealt a severe blow to investors confidence.
Volume was above average.
S&P 500 @ 1433.19
RSI @ 45.63
CMF @ -0.128
Internals were :
Down volume led by 8.61 to 1 in NYSE & 7.66 to 1 in Nasdaq
Declining stocks led by 3.60 to 1 in NYSE & 3.69 to 1 in Nasdaq
Net new 52 wk highs were leading in NYSE by 81, new lows were leading by 37 in Nasdaq
VIX jumped 13.51% @ 17.06
Oil closed @ $90.05
Gold closed @ $1724
Canadian $ was sharply lower, closing @ 100.68
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Here is my portfolio weighting :
YHOO 19.47% Reports AH Monday
LEN 19.04%
LVS 17.25% Reports AH Monday
BIDU 13.81%
APKT 10.57%
PANW 10.33%
RIMM 9.53%
Exposure 105%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Volume was above average.
S&P 500 @ 1433.19
RSI @ 45.63
CMF @ -0.128
Internals were :
Down volume led by 8.61 to 1 in NYSE & 7.66 to 1 in Nasdaq
Declining stocks led by 3.60 to 1 in NYSE & 3.69 to 1 in Nasdaq
Net new 52 wk highs were leading in NYSE by 81, new lows were leading by 37 in Nasdaq
VIX jumped 13.51% @ 17.06
Oil closed @ $90.05
Gold closed @ $1724
Canadian $ was sharply lower, closing @ 100.68
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Here is my portfolio weighting :
YHOO 19.47% Reports AH Monday
LEN 19.04%
LVS 17.25% Reports AH Monday
BIDU 13.81%
APKT 10.57%
PANW 10.33%
RIMM 9.53%
Exposure 105%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, October 18, 2012
Indices closed down .06% to 1.01%.....
Indices were green when GOOG accidently released its weak earnings report.
S&P 500 closed @ 1457.34
RSI @ 58.05
CMF -0.138
Down volume led by .80 to 1 in NYSE & 2.22 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 206 in NYSE & 49 in Nasdaq
VIX Down .27% @ 15.03
Oil closed @ $92.10
Gold closed $1744.70
AH ER :
MSFT Down 1.47%
AMD Down 3.31%
GOOG Down 7%
MRVL Down 9.17%
CMG Down 10.37%
SNDK UP 3.59%
RVBD UP 11.16%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, even GOOG dislocation did not rattled the market too much. Indices closed well above lows of the day. TAPE remains healthy & internals are in good shape. Option expiry may give positive momentum to Friday close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1457.34
RSI @ 58.05
CMF -0.138
Down volume led by .80 to 1 in NYSE & 2.22 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 206 in NYSE & 49 in Nasdaq
VIX Down .27% @ 15.03
Oil closed @ $92.10
Gold closed $1744.70
AH ER :
MSFT Down 1.47%
AMD Down 3.31%
GOOG Down 7%
MRVL Down 9.17%
CMG Down 10.37%
SNDK UP 3.59%
RVBD UP 11.16%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, even GOOG dislocation did not rattled the market too much. Indices closed well above lows of the day. TAPE remains healthy & internals are in good shape. Option expiry may give positive momentum to Friday close.
BLOG does NOT give buy or sell.
Saleem
Indices down on GOOG ER......
GOOG caused the selling in all indices...
S&P 500 near lows of the day @ 1454.87
Internals are negative
Oil Down 3 cents
Gold Down $9.50
Canadian $ Down 55 tick @ 101.70
VIX UP 2.65% @ 15.47
In my portfolio :
Doubled my position in APKT @ $16.48
Portfolio is APKT BIDU LVS LEN PANW RIMM YHOO
Exposure 105%
Most stocks are down
@ 2.55 following are green :
APKT, LEN,JCP,TCK,YUM,FCX,COH,LRCX,
GMCR,STLD,CCJ,ECA,BAC,SNE,GS,CLF.....
BLOG does NOT give buy or sell.
PS...was tied up with an important phone call, thus delay in my post.
Saleem
S&P 500 near lows of the day @ 1454.87
Internals are negative
Oil Down 3 cents
Gold Down $9.50
Canadian $ Down 55 tick @ 101.70
VIX UP 2.65% @ 15.47
In my portfolio :
Doubled my position in APKT @ $16.48
Portfolio is APKT BIDU LVS LEN PANW RIMM YHOO
Exposure 105%
Most stocks are down
@ 2.55 following are green :
APKT, LEN,JCP,TCK,YUM,FCX,COH,LRCX,
GMCR,STLD,CCJ,ECA,BAC,SNE,GS,CLF.....
BLOG does NOT give buy or sell.
PS...was tied up with an important phone call, thus delay in my post.
Saleem
Wednesday, October 17, 2012
Indices closed in green again......NICE !!!!
Indices are marching to their own drum of green close.
S&P 500 closed @ 1460.91
RSI @ 60.31
CMF -0.136
Internals were :
UP volume led by 2.89 to 1 in NYSE & 1.05 to 1 in Nasdaq
Advancing stocks led by 2.29 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 220 in NYSE & 56 in Nasdaq
VIX closed Down .99% @ 15.07
Oil closed @ $92.12
Gold closed @ $1753.00
Stocks which closed UP 1% or more included BIDU,LEN,RIMM,YHOO,
AUY,AEM,EGO,JCP,TCK,
NFLX,FCX,AMZN,CLF,SU,
GOOG,GMCR,FB,ZNGA,JDSU,
C,QCOM,ARNA,X,CCJ,ECA,MS,
SNE,GS,AGU...
AH ER :
EBAY Down .41%
XLNX Down .56%
LRCX UP .95%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, It is important to pay attention as to how we close, to get the strength of this TAPE. Indices are all set to make new 52 wk highs. It is important to be "in the market" instead of "telling the market what to do".....
PS...Chinese data came in as expected or better, Q3 GDP @ 7.4%, Industrial output 9.2%, Retail sales 14.2%......
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1460.91
RSI @ 60.31
CMF -0.136
Internals were :
UP volume led by 2.89 to 1 in NYSE & 1.05 to 1 in Nasdaq
Advancing stocks led by 2.29 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 220 in NYSE & 56 in Nasdaq
VIX closed Down .99% @ 15.07
Oil closed @ $92.12
Gold closed @ $1753.00
Stocks which closed UP 1% or more included BIDU,LEN,RIMM,YHOO,
AUY,AEM,EGO,JCP,TCK,
NFLX,FCX,AMZN,CLF,SU,
GOOG,GMCR,FB,ZNGA,JDSU,
C,QCOM,ARNA,X,CCJ,ECA,MS,
SNE,GS,AGU...
AH ER :
EBAY Down .41%
XLNX Down .56%
LRCX UP .95%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, It is important to pay attention as to how we close, to get the strength of this TAPE. Indices are all set to make new 52 wk highs. It is important to be "in the market" instead of "telling the market what to do".....
PS...Chinese data came in as expected or better, Q3 GDP @ 7.4%, Industrial output 9.2%, Retail sales 14.2%......
BLOG does NOT give buy or sell.
Saleem
Indices Mixed after two day run......
Indices are mixed after two day run & facing few negative earnings report.
S&P 500 @ 1458.22
Internals are positive.
Oil Down 13 cents
Gold UP $6.00
Canadian $ UP 78 tick @ 102.15
VIX Down .33% @ 15.17
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO....
Most stocks are UP
@ 2.04 following are down :
APKT,EXPE,CMG,FFIV,CRUS,SNDK,PCLN,
KORS,LULU,AAPL,LNKD,BWLD,NVDA,
SBUX,MCD,STLD,SINA,BAC,BJRI....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1458.22
Internals are positive.
Oil Down 13 cents
Gold UP $6.00
Canadian $ UP 78 tick @ 102.15
VIX Down .33% @ 15.17
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO....
Most stocks are UP
@ 2.04 following are down :
APKT,EXPE,CMG,FFIV,CRUS,SNDK,PCLN,
KORS,LULU,AAPL,LNKD,BWLD,NVDA,
SBUX,MCD,STLD,SINA,BAC,BJRI....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 16, 2012
Indices UP .95% to 1.21%......NICE !!!!
Indices scored back to back gains.
S&P 500 closed @ 1454.92
RSI @ 57.75
CMF @ -0.136
Internals were :
UP volume led by 3.83 to 1 in NYSE & 2.60 to 1 in Nasdaq
Advancing stocks led by 3.05 to 1 in NYSE 7 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 167 in NYSE & 55 in Nasdaq
VIX closed Down .33% @ 15.22
Oil closed @ $92.09
Gold closed @ $1746.30
Stocks which closed 2% or more included
APKT,LVS,FFIV,AUY,KORS,
LULU,CLF,AAPL,ZNGA,LRCX,
BRCM,JDSU,FNSR,SNDK,CRUS,FCX,
NVDA,SBUX,X,STLD,EGO,MGA,KOG,SNE...
AH ER :
INTC Down 3.27%
IBM Down 3.41%
ISRG Down 5.09%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, Technically we are looking strong again. Indices closed near high of the day again. Volume was above average. TAPE is certainly broadening based on internals. Let the profit run on this rally.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1454.92
RSI @ 57.75
CMF @ -0.136
Internals were :
UP volume led by 3.83 to 1 in NYSE & 2.60 to 1 in Nasdaq
Advancing stocks led by 3.05 to 1 in NYSE 7 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 167 in NYSE & 55 in Nasdaq
VIX closed Down .33% @ 15.22
Oil closed @ $92.09
Gold closed @ $1746.30
Stocks which closed 2% or more included
APKT,LVS,FFIV,AUY,KORS,
LULU,CLF,AAPL,ZNGA,LRCX,
BRCM,JDSU,FNSR,SNDK,CRUS,FCX,
NVDA,SBUX,X,STLD,EGO,MGA,KOG,SNE...
AH ER :
INTC Down 3.27%
IBM Down 3.41%
ISRG Down 5.09%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, Technically we are looking strong again. Indices closed near high of the day again. Volume was above average. TAPE is certainly broadening based on internals. Let the profit run on this rally.
BLOG does NOT give buy or sell.
Saleem
Indices UP .84% to 1%...nice !!!!
Indices are showing strong technical action by building into yesterday's gain.
S&P 500 @ 1452.62
Internals are strong.
Oil UP 25 cents
Gold UP $8.70
Canadian $ Down 52 tick @ 101.40
VIX Down 1.64% @ 15.02
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Most stocks are UP
@ 2.40 following are down :
BIDU,CMG,YUM,PCLN,AMZN,AGU,FB,
SINA,BAC,MS,BJRI,GS,IBN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1452.62
Internals are strong.
Oil UP 25 cents
Gold UP $8.70
Canadian $ Down 52 tick @ 101.40
VIX Down 1.64% @ 15.02
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Most stocks are UP
@ 2.40 following are down :
BIDU,CMG,YUM,PCLN,AMZN,AGU,FB,
SINA,BAC,MS,BJRI,GS,IBN.....
BLOG does NOT give buy or sell.
Saleem
Monday, October 15, 2012
Indices closed UP .66% to .81%...NICE !!!!
Indices staged a strong rebound closing near highs of the day.
S&P 500 @ 1440.13
RSI @ 50.43
CMF @ -o.175
Internals were :
UP volume led by 2.52 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 2.00 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new highs were leading by 59 in NYSE & by 7 in Nasdaq
VIX closed Down 5.39% @ 15.27
Oil closed @ $91.85
Gold closed @ $1737.60
Stocks which were UP 2% or more included BIDU,LVS,LEN,PANW,
DNKN,COH,C,SNDK,
CRUS,STLD,BAC,MS,
WYNN,GS....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices are back on healthy mode. Expect more follow thru. It is always a good sign when indices close near high of the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1440.13
RSI @ 50.43
CMF @ -o.175
Internals were :
UP volume led by 2.52 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 2.00 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new highs were leading by 59 in NYSE & by 7 in Nasdaq
VIX closed Down 5.39% @ 15.27
Oil closed @ $91.85
Gold closed @ $1737.60
Stocks which were UP 2% or more included BIDU,LVS,LEN,PANW,
DNKN,COH,C,SNDK,
CRUS,STLD,BAC,MS,
WYNN,GS....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices are back on healthy mode. Expect more follow thru. It is always a good sign when indices close near high of the day.
BLOG does NOT give buy or sell.
Saleem
Indices UP .40% to .71%....NICE !!!
Indices are showing rebound from recent weakness.
S&P 500 @ 1437.94
Internals are positive.
Oil Down .23 cents
Gold Down $20.10
Canadian $ UP 11 tick @ 102.24
VIX Down 4.15% @ 15.47
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO....
Most stocks are UP
@ 2.25 following are down :
RIMM,YHOO,JCP,EXPE,NFLX,AEM,GG,
FCX,GOOG,AAPL,LNKD,ZNGA,MOS,
SLW,SINA.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1437.94
Internals are positive.
Oil Down .23 cents
Gold Down $20.10
Canadian $ UP 11 tick @ 102.24
VIX Down 4.15% @ 15.47
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO....
Most stocks are UP
@ 2.25 following are down :
RIMM,YHOO,JCP,EXPE,NFLX,AEM,GG,
FCX,GOOG,AAPL,LNKD,ZNGA,MOS,
SLW,SINA.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 14, 2012
Are we all set for a rally ?
Indices have been correcting for four weeks, CMF level is very close to June 2012 lows.
We all know what happened after June lows, it started the-biggest rally of 2012.
Currently, pessimism is @ highest level since June.
Euphoria & pessimism are my two biggest indicator, which i have highlighted repeatedly.
As you all recall, i was extremely bearish about five weeks ago when markets were heading towards highs.
Now that indices have been trending lower, i have been increasingly OPTIMISTIC.
We all have to recognize extremes in markets to get "high velocity" from our invested $$$.
How do i know about pessimism, it has been reported that listening audience are @ "lowest levels since inception of many programs on CNBC"...among lowest rated "Fast Money", "Squawk Box" & "Closing Bell"...This is very interesting, either retail is giving up on stock market or retail knows better NOT to listen to CNBC......
There is evidence also that investors are giving up on stocks, as Fidelity is reporting for the "first time" there is more money in "money market & bonds than stocks"......
S&P 500 have corrected 3.44% in a slow drip, drip mode.......
Many high fliers are below 50 DMA like AAPL,AMZN,PCLN....which generally indicates oversold conditions......
SO..it is an OK strategy to step back in this market, many important earnings report should give a boost to the market & confidence level...GOOG,ISRG,EBAY reporting this week, & it should be a beat.
Do not be surprised, IF we are higher by end of this week.
Good luck with your own views of any & everything which could go wrong, but @ some stage it is all discounted & in the market.
BLOG does NOT give buy or sell.
Saleem
We all know what happened after June lows, it started the-biggest rally of 2012.
Currently, pessimism is @ highest level since June.
Euphoria & pessimism are my two biggest indicator, which i have highlighted repeatedly.
As you all recall, i was extremely bearish about five weeks ago when markets were heading towards highs.
Now that indices have been trending lower, i have been increasingly OPTIMISTIC.
We all have to recognize extremes in markets to get "high velocity" from our invested $$$.
How do i know about pessimism, it has been reported that listening audience are @ "lowest levels since inception of many programs on CNBC"...among lowest rated "Fast Money", "Squawk Box" & "Closing Bell"...This is very interesting, either retail is giving up on stock market or retail knows better NOT to listen to CNBC......
There is evidence also that investors are giving up on stocks, as Fidelity is reporting for the "first time" there is more money in "money market & bonds than stocks"......
S&P 500 have corrected 3.44% in a slow drip, drip mode.......
Many high fliers are below 50 DMA like AAPL,AMZN,PCLN....which generally indicates oversold conditions......
SO..it is an OK strategy to step back in this market, many important earnings report should give a boost to the market & confidence level...GOOG,ISRG,EBAY reporting this week, & it should be a beat.
Do not be surprised, IF we are higher by end of this week.
Good luck with your own views of any & everything which could go wrong, but @ some stage it is all discounted & in the market.
BLOG does NOT give buy or sell.
Saleem
Friday, October 12, 2012
Indices weak @ close......
Indices continued their southbound trend by closing mostly lower.
S&P 500 @ 1428.59, barely hanging above 50 DMA @ 1428.38
RSI @ 43.31
CMF -0.222
Internals were :
Down volume led by 3.13 to 1 in NYSE & 1.45 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.02 to 1 in Nasdaq
New 52 wk highs were leading in NYSE by 57 & lows were leading in Nasdaq by 9
VIX UP 3.53% @ 16.14
Oil closed @ $91.86
Gold closed @ $1759.70
Canadian $ closed @ 102.11
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Stocks closing green included BIDU,LVS,LEN,PANW,
DNKN,CMG,LULU,M,AAPL,MA,V,BRCM,SBUX,
MCD,ECA,WYNN.....
Portfolio weighting is :
YHOO 20.93%
LEN 18.85%
LVS 17.96%
BIDU 14.66%
PANW 11.61%
RIMM 10.27%
APKT 5.72%
Exposure 100%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1428.59, barely hanging above 50 DMA @ 1428.38
RSI @ 43.31
CMF -0.222
Internals were :
Down volume led by 3.13 to 1 in NYSE & 1.45 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.02 to 1 in Nasdaq
New 52 wk highs were leading in NYSE by 57 & lows were leading in Nasdaq by 9
VIX UP 3.53% @ 16.14
Oil closed @ $91.86
Gold closed @ $1759.70
Canadian $ closed @ 102.11
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Stocks closing green included BIDU,LVS,LEN,PANW,
DNKN,CMG,LULU,M,AAPL,MA,V,BRCM,SBUX,
MCD,ECA,WYNN.....
Portfolio weighting is :
YHOO 20.93%
LEN 18.85%
LVS 17.96%
BIDU 14.66%
PANW 11.61%
RIMM 10.27%
APKT 5.72%
Exposure 100%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, October 11, 2012
Disappointing close.....
Close was disappointing after so many down days.
S&P 500 closed @ 1432.84
RSI 45.55
CMF -0.207
Internals were :
UP volume led by 2.30 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.96 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 21 in Nasdaq
VIX closed Down 4.30% @ 15.59
Stocks closing green included APKT,BIDU,LVS,RIMM,YHOO,
JCP,DNKN,TCK,NFLX,CRUS,AEM,KORS,M,FCX,GOOG,
LNKD,AGU,AUY,COH,CLF,MA,V,LRCX,CIEN,C......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, we closed near lows of the day, market chart for the day looks horrible. Hopefully, inner strength of market as reflected in internals & new highs will show in Indices. Booking profit is a priority with me as indices are not acting well. Once indices are stable then one can let the profit run.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1432.84
RSI 45.55
CMF -0.207
Internals were :
UP volume led by 2.30 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.96 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 21 in Nasdaq
VIX closed Down 4.30% @ 15.59
Stocks closing green included APKT,BIDU,LVS,RIMM,YHOO,
JCP,DNKN,TCK,NFLX,CRUS,AEM,KORS,M,FCX,GOOG,
LNKD,AGU,AUY,COH,CLF,MA,V,LRCX,CIEN,C......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, we closed near lows of the day, market chart for the day looks horrible. Hopefully, inner strength of market as reflected in internals & new highs will show in Indices. Booking profit is a priority with me as indices are not acting well. Once indices are stable then one can let the profit run.
BLOG does NOT give buy or sell.
Saleem
Nasdaq turned lower......
Nasdaq is down while other indices are in green.
S&P 500 @ 1434.68
Internals are positive
Oil UP 89 cents
Gold UP $5.60
Canadian $ UP 42 tick @ 102.22
VIX Down 3.25% @ 15.76
In my portfolio :
Sold JCP
Sold DNKN
Bought LEN @ $36.62
Bought PANW @ $61.90
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Exposure 100%
Most stocks are UP
@ 1.55 following are down :
APKT,LEN,PANW,EXPE,CMG,FFIV,SNDK,
GG,YUM,PCLN,LULU,AAPL,AMZN,GMCR,
MU,JDSU,FNSR,QCOM,SBUX,CCJ,SINA,
BJRI....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1434.68
Internals are positive
Oil UP 89 cents
Gold UP $5.60
Canadian $ UP 42 tick @ 102.22
VIX Down 3.25% @ 15.76
In my portfolio :
Sold JCP
Sold DNKN
Bought LEN @ $36.62
Bought PANW @ $61.90
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Exposure 100%
Most stocks are UP
@ 1.55 following are down :
APKT,LEN,PANW,EXPE,CMG,FFIV,SNDK,
GG,YUM,PCLN,LULU,AAPL,AMZN,GMCR,
MU,JDSU,FNSR,QCOM,SBUX,CCJ,SINA,
BJRI....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 10, 2012
Indices closed down .43% to .95%.......
Indices were in pullback mode again.
S&P 500 closed @ 1432.56
RSI @ 45.38
CMF @ -0.079
Internals were :
Down volume led by 2.50 to 1 in NYSE & 2.22 to 1 in Nasdaq
Declining stocks led by 1.64 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs led by 7 in NYSE & lows led by 16 in Nasdaq
VIX closed Down .49% @ 16.29...this was a tell tale of low conviction in this selling
Oil @ $91.25
Gold @ $1765.10
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold UP
About market, IBD has changed its market outlook again to "market in correction". Nasdaq well below 50 DMA & S&P 500 about 6 points above 50 DMA. I expect S&P 500 to close above 50 DMA. I also think that S&P 500 has a very good chance
to close green on Thursday. This correction was only 2.98% so far in S&P 500, which is a healthy set up for a new rally to get going.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1432.56
RSI @ 45.38
CMF @ -0.079
Internals were :
Down volume led by 2.50 to 1 in NYSE & 2.22 to 1 in Nasdaq
Declining stocks led by 1.64 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs led by 7 in NYSE & lows led by 16 in Nasdaq
VIX closed Down .49% @ 16.29...this was a tell tale of low conviction in this selling
Oil @ $91.25
Gold @ $1765.10
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold UP
About market, IBD has changed its market outlook again to "market in correction". Nasdaq well below 50 DMA & S&P 500 about 6 points above 50 DMA. I expect S&P 500 to close above 50 DMA. I also think that S&P 500 has a very good chance
to close green on Thursday. This correction was only 2.98% so far in S&P 500, which is a healthy set up for a new rally to get going.
BLOG does NOT give buy or sell.
Saleem
Indices down .34% to .79%....
Indices are going through normal corrective phase & getting "near support".
S&P 500 @ 1434.52, low so far 1430.64
50 DMA @ 1425.94...major support
Internals are negative
Oil Down 62 cents
Gold UP 20 cents
Canadian $ Down 24 tick @ 102.00
VIX Down .86% @ 16.23..giving signal of a "turnaround"
Portfolio is APKT,BIDU,DNKN.LVS,JCP,RIMM,YHOO....
Most stocks are down
@ 2.01 following are green :
BIDU,RIMM,AUY,CRUS,GG,YUM,LULU,AAPL,PANW,
LEN,MU,BWLD,ARNA,MCD,SLW,SINA,BJRI,GS,C.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1434.52, low so far 1430.64
50 DMA @ 1425.94...major support
Internals are negative
Oil Down 62 cents
Gold UP 20 cents
Canadian $ Down 24 tick @ 102.00
VIX Down .86% @ 16.23..giving signal of a "turnaround"
Portfolio is APKT,BIDU,DNKN.LVS,JCP,RIMM,YHOO....
Most stocks are down
@ 2.01 following are green :
BIDU,RIMM,AUY,CRUS,GG,YUM,LULU,AAPL,PANW,
LEN,MU,BWLD,ARNA,MCD,SLW,SINA,BJRI,GS,C.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 9, 2012
Indices closed down .81% to 1.52%.......
Indices had their first day of full fledged pullback. Indices closed near low of the day on heavier volume.
S&P 500 closed @ 1441.48
RSI @ 50.07
CMF @ -0.067
Internals were :
Down volume led by 2.83 to 1 in NYSE & 8.48 to 1 in Nasdaq
Declining stocks led by 3.45 to 1 in NYSE & 3.64 to 1 in Nasdaq
Net new 52 wk highs were leading in NYSE by 67, new 52 wk lows were leading by 18 in Nasdaq
VIX were UP 8.34% @ 16.37
Oil @ $92.39
Gold @ $1765.00
AH ER :
AA Down 1.104%
YUM UP 4.03%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, IBD is changing its rating on market tonight to "uptrend under pressure". I believe this is a "normal & expected pullback which may not last long". Market TAPE remains healthy. Day like today reminds everyone to book profit when going is good.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1441.48
RSI @ 50.07
CMF @ -0.067
Internals were :
Down volume led by 2.83 to 1 in NYSE & 8.48 to 1 in Nasdaq
Declining stocks led by 3.45 to 1 in NYSE & 3.64 to 1 in Nasdaq
Net new 52 wk highs were leading in NYSE by 67, new 52 wk lows were leading by 18 in Nasdaq
VIX were UP 8.34% @ 16.37
Oil @ $92.39
Gold @ $1765.00
AH ER :
AA Down 1.104%
YUM UP 4.03%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, IBD is changing its rating on market tonight to "uptrend under pressure". I believe this is a "normal & expected pullback which may not last long". Market TAPE remains healthy. Day like today reminds everyone to book profit when going is good.
BLOG does NOT give buy or sell.
Saleem
Indices down .64% to 1.32%.......
Indices are weak after open on no real news.
S&P 500 @ 1444.90, low was 1442.23
Internals are negative by more than 3 to 1
Oil UP $3.35
Gold Down $10.50
Canadian $ Down 14 tick @ 102.21
VIX UP 6.62% @ 16.11
Portfolio is APKT,BIDU,DNKN,LVS,JCP,RIMM,YHOO
Most stocks are down
@ 2.07 following are green :
JCP,DNKN,TCK,M,FCX,AGU,CLF,SU,
GMCR,LRCX,ARNA,MCD,X,STLD,ECA,
KOG,GS....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1444.90, low was 1442.23
Internals are negative by more than 3 to 1
Oil UP $3.35
Gold Down $10.50
Canadian $ Down 14 tick @ 102.21
VIX UP 6.62% @ 16.11
Portfolio is APKT,BIDU,DNKN,LVS,JCP,RIMM,YHOO
Most stocks are down
@ 2.07 following are green :
JCP,DNKN,TCK,M,FCX,AGU,CLF,SU,
GMCR,LRCX,ARNA,MCD,X,STLD,ECA,
KOG,GS....
BLOG does NOT give buy or sell.
Saleem
Monday, October 8, 2012
Indices closed down .19% to .76%.....
Indices fared much better than DAX & CAC on the same news flow. DAX was down 1.44% & CAC was down 1.46%.
S&P 500 closed @ 1455.88
RSI @ 59.26
CMF @ -0.022
Internals were :
Down volume led by 1.59 to 1 in NYSE & 2.34 to 1 in Nasdaq
Declining stocks led by 1.53 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 12 in Nasdaq
VIX closed UP 5.44% @ 15.11
Oil closed @ $89.33
Gold closed @ $1775.70
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, US market just about ignored World Bank report about slowing Chinese economy. Today's TAPE was extremely constructive when compared to European reaction. I believe we make a run @ new highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1455.88
RSI @ 59.26
CMF @ -0.022
Internals were :
Down volume led by 1.59 to 1 in NYSE & 2.34 to 1 in Nasdaq
Declining stocks led by 1.53 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 12 in Nasdaq
VIX closed UP 5.44% @ 15.11
Oil closed @ $89.33
Gold closed @ $1775.70
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, US market just about ignored World Bank report about slowing Chinese economy. Today's TAPE was extremely constructive when compared to European reaction. I believe we make a run @ new highs.
BLOG does NOT give buy or sell.
Saleem
Indices down .23% to .71%.....
Spain, global growth concern & earnings shortfall are the reasons given for today's pullback.
S&P 500 @ 1455.52
Internals are negative
Oil Down 44 cents
Gold Down $3.50
Canadian $ UP 25 tick @ 102.43
VIX UP 6.56% @ 15.27
In my portfolio :
Bought APKT @ $17.88
Portfolio is APKT,BIDU,DNKN,LVS,JCP,RIMM,YHOO
Exposure 96%
Most stocks are down
@ 1.46 following are green :
APKT,RIMM,CMG,NFLX,FFIV,TCK,YUM,
LULU,FCX,CLF,AMZN,GMCR,BWLD,
MCD,SBUX,X,STLD,GS....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1455.52
Internals are negative
Oil Down 44 cents
Gold Down $3.50
Canadian $ UP 25 tick @ 102.43
VIX UP 6.56% @ 15.27
In my portfolio :
Bought APKT @ $17.88
Portfolio is APKT,BIDU,DNKN,LVS,JCP,RIMM,YHOO
Exposure 96%
Most stocks are down
@ 1.46 following are green :
APKT,RIMM,CMG,NFLX,FFIV,TCK,YUM,
LULU,FCX,CLF,AMZN,GMCR,BWLD,
MCD,SBUX,X,STLD,GS....
BLOG does NOT give buy or sell.
Saleem
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