Indices were under minor selling pressure.
S&P 500 closed @ 1498.11
RSI @ 66.22
CMF @ 0.373
Internals were :
Down volume led by 1.00 to 1 in NYSE & 1.06 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & 1.61 to 1 in Nasdaq
Net new 52 wk highs were leading by 163 in NYSE & 100 in Nasdaq
Vix Down .28% @ 14.28
Oil @ $97.49
Gold @ $1662.00
AH ER :
N UP 7.16%
ADNC UP 24.47%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE is resting after major run. Accumulating stocks @ this stage is highly recommended. Friday is all about January jobs report which is expected to be in 150K to 160K range. Even if we miss the consensus, reaction may not last long, as February report may be much better.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 31, 2013
Indices mixed.....
Nasdaq is green while Dow & S&P 500 are slightly lower.
S&P 500 @ 1500.38
Internals are mostly positive.
Oil Down 43 cents
Gold Down $19.30
Canadian $ UP 54 tick @ 100.42, above US$ as Canadian GDP came in better than expected.
VIX Down .42% @ 14.26
In my portfolio :
Bought RIMM @ $12.70
Portfolio is BAC,CRUS,RIMM,YHOO
Most stocks are down
@ 2.04 following are UP
TCK,GOOG,APKT,YUM,RVBD,LVS,
PANW,DNKN,CLF,LNKD,MA,V,
GMCR,ZNGA,JDSU,CIEN,FNSR,
SNDK,QCOM,C,MOS,FSLR,X,
STLD,CCJ,QIHU,MLNX,KOG,
WYNN,GS,AGU....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1500.38
Internals are mostly positive.
Oil Down 43 cents
Gold Down $19.30
Canadian $ UP 54 tick @ 100.42, above US$ as Canadian GDP came in better than expected.
VIX Down .42% @ 14.26
In my portfolio :
Bought RIMM @ $12.70
Portfolio is BAC,CRUS,RIMM,YHOO
Most stocks are down
@ 2.04 following are UP
TCK,GOOG,APKT,YUM,RVBD,LVS,
PANW,DNKN,CLF,LNKD,MA,V,
GMCR,ZNGA,JDSU,CIEN,FNSR,
SNDK,QCOM,C,MOS,FSLR,X,
STLD,CCJ,QIHU,MLNX,KOG,
WYNN,GS,AGU....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 30, 2013
Indices closed down .32% to .39%......
Indices closed in near low of the day.
S&P 500 @ 1501.96
RSI @ 69.39
CMF @ 0.464
Internals were :
Down volume led by 2.04 to 1 in NYSE & 1.42 to 1 in Nasdaq
Declining stocks led by 1.98 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 273 in NYSE & 103 in Nasdaq
VIX UP 7.59% @ 14.32
Oil closed @ $97.94
Gold closed @ $1679.90
AH ER :
FB Down 3.43%
FIO Down 18.02%
LVS UP 5.22%
QCOM UP 6.23%
CTXS UP 11.12%
SWKS UP 12.24%
JDSU UP 14.84%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, Indices rested today after a major run. IF there is further weakness, it is a chance to buy strong stocks who are pulling back. Market tried to ignore GDP contraction but after Fed statement decided to book profit. Bull market is very much intact.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1501.96
RSI @ 69.39
CMF @ 0.464
Internals were :
Down volume led by 2.04 to 1 in NYSE & 1.42 to 1 in Nasdaq
Declining stocks led by 1.98 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 273 in NYSE & 103 in Nasdaq
VIX UP 7.59% @ 14.32
Oil closed @ $97.94
Gold closed @ $1679.90
AH ER :
FB Down 3.43%
FIO Down 18.02%
LVS UP 5.22%
QCOM UP 6.23%
CTXS UP 11.12%
SWKS UP 12.24%
JDSU UP 14.84%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, Indices rested today after a major run. IF there is further weakness, it is a chance to buy strong stocks who are pulling back. Market tried to ignore GDP contraction but after Fed statement decided to book profit. Bull market is very much intact.
BLOG does NOT give buy or sell.
Saleem
Indices down .09% to .19%.....
Fed minutes are not deviating from previous policies. They noted slower economic activity.
S&P 500 @ 1505.04
Internals are negative
Oil UP 33 cents
Gold UP $20.90
Canadian $ UP 14 tick @ 99.90
VIX UP 4.28% @ 13.88
Portfolio is BAC,CRUS,YHOO
Most stocks are down
@ 2.34 following are UP :
CRUS,YHOO,AMZN,FB,AEM,GMCR,MU,
SLW,CCJ,MS,MLNX,KOG,WYNN,FCX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1505.04
Internals are negative
Oil UP 33 cents
Gold UP $20.90
Canadian $ UP 14 tick @ 99.90
VIX UP 4.28% @ 13.88
Portfolio is BAC,CRUS,YHOO
Most stocks are down
@ 2.34 following are UP :
CRUS,YHOO,AMZN,FB,AEM,GMCR,MU,
SLW,CCJ,MS,MLNX,KOG,WYNN,FCX...
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 29, 2013
Indices closed mixed.....
Nasdaq was slightly down @ close.
S&P 500 closed @ 1507.84
RSI @ 74.46
CMF @ 0.541
Internals were :
UP volume led by 1.85 to 1 in NYSE & .80 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 273 in NYSE & 155 in Nasdaq
VIX closed Down 1.92% @ 13.31
Oil closed @ $97.57
Gold closed @ $1660.80
Stocks which were UP 1% or more included AAPL,CSOD,HMC,
M,GG,LEN,JCP,COH,CLF,STLD,SLW,ECA,KOG,GS,IBN,FCX..
AH ER:
BRCM Down 1.10%
AMZN UP 8.89%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, Dow & S&P 500 continue their technical move UP to higher highs. Doug Kass making his prediction that January will see highs for the year & then market will fall 7%. He loves coming on TV & makes outlandish predictions which are generally off the mark in reality. It is the attention he craves & never accounts for his flip flop. I believe that 2013 is shaping to be a very good year for bulls.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1507.84
RSI @ 74.46
CMF @ 0.541
Internals were :
UP volume led by 1.85 to 1 in NYSE & .80 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 273 in NYSE & 155 in Nasdaq
VIX closed Down 1.92% @ 13.31
Oil closed @ $97.57
Gold closed @ $1660.80
Stocks which were UP 1% or more included AAPL,CSOD,HMC,
M,GG,LEN,JCP,COH,CLF,STLD,SLW,ECA,KOG,GS,IBN,FCX..
AH ER:
BRCM Down 1.10%
AMZN UP 8.89%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, Dow & S&P 500 continue their technical move UP to higher highs. Doug Kass making his prediction that January will see highs for the year & then market will fall 7%. He loves coming on TV & makes outlandish predictions which are generally off the mark in reality. It is the attention he craves & never accounts for his flip flop. I believe that 2013 is shaping to be a very good year for bulls.
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 making higher highs....NICE !!!!
Indices are mixed as Nasdaq is down slightly.
S&P 500 & Dow are making higher highs.
S&P 500 @ 1507.39
Internals are mixed
Oil UP 91 cents
Gold UP $9.00
Canadian $ UP 34 tick @ 99.75
VIX Down 3.46% @ 13.10
In my portfolio :
Added 90% CRUS @ $28.46
Portfolio is BAC,CRUS,YHOO
Most stocks are UP
@ 2.07 following are down :
CRUS,YHOO,AMZN,KORS,CMG,RIMM,
PCLN,FB,POT,LULU,APKT,RVBD,LVS,
PANW,BIDU,DNKN,FFIV,LNKD,MU,
GMCR,ZNGA,LRCX,BRCM,JDSU,CIEN,
FNSR,SNDK,C,MOS,NVDA,FSLR,
SBUX,X,SINA,QIHU,MGA,BJRI,
MLNX,WYNN,AGU......
AMZN reports AH......8% swing is expected.
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Dow are making higher highs.
S&P 500 @ 1507.39
Internals are mixed
Oil UP 91 cents
Gold UP $9.00
Canadian $ UP 34 tick @ 99.75
VIX Down 3.46% @ 13.10
In my portfolio :
Added 90% CRUS @ $28.46
Portfolio is BAC,CRUS,YHOO
Most stocks are UP
@ 2.07 following are down :
CRUS,YHOO,AMZN,KORS,CMG,RIMM,
PCLN,FB,POT,LULU,APKT,RVBD,LVS,
PANW,BIDU,DNKN,FFIV,LNKD,MU,
GMCR,ZNGA,LRCX,BRCM,JDSU,CIEN,
FNSR,SNDK,C,MOS,NVDA,FSLR,
SBUX,X,SINA,QIHU,MGA,BJRI,
MLNX,WYNN,AGU......
AMZN reports AH......8% swing is expected.
BLOG does NOT give buy or sell.
Saleem
Monday, January 28, 2013
Indices closed mixed.....
Indices took a pause today, Nasdaq closed green.
S&P 500 @ 1500.18
RSI @ 71.98
CMF @ 0.481
Internals were :
UP volume led by .65 to 1 in NYSE & 1.23 to 1 in Nasdaq
Advancing stocks led by .76 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 293 in NYSE & 180 in Nasdaq
VIX UP 5.28% @ 13.57
Oil closed @ $96.44
Gold closed @ $1652.90
AH ER :
STX Down 4.84%
VMW Down 14.57%
YHOO UP 2.90%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE remains in bullish mode contrary to what Carter Worth & other pundits are pointing out. I believe TAPE is in the mode of taking us into new all time highs in S&P 500 before any pullback. My thesis is based on momentum of this TAPE as evidenced by today's flattish close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1500.18
RSI @ 71.98
CMF @ 0.481
Internals were :
UP volume led by .65 to 1 in NYSE & 1.23 to 1 in Nasdaq
Advancing stocks led by .76 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 293 in NYSE & 180 in Nasdaq
VIX UP 5.28% @ 13.57
Oil closed @ $96.44
Gold closed @ $1652.90
AH ER :
STX Down 4.84%
VMW Down 14.57%
YHOO UP 2.90%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE remains in bullish mode contrary to what Carter Worth & other pundits are pointing out. I believe TAPE is in the mode of taking us into new all time highs in S&P 500 before any pullback. My thesis is based on momentum of this TAPE as evidenced by today's flattish close.
BLOG does NOT give buy or sell.
Saleem
YHOO beats on Sales & EPS......NICE !!!!
YHOO Q4 ER is :
Sales expectation $1.21 Billion, actual $1.22 billion
EPS expectation 28 cents, actual 32 cents
Stock AH bid $21.04, close $20.31
Conference call @ 5 PM......expecting CEO to be upbeat &
outlining her unique vision for YHOO.
BLOG does NOT give buy or sell.
Saleem
Sales expectation $1.21 Billion, actual $1.22 billion
EPS expectation 28 cents, actual 32 cents
Stock AH bid $21.04, close $20.31
Conference call @ 5 PM......expecting CEO to be upbeat &
outlining her unique vision for YHOO.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Nasdaq is green while Dow & S&P 500 are slightly lower.
S&P 500 @ 1501.05
Internals are mixed
Oil UP 28 cents
Gold Down $2.30
Canadian $ Down 6 tick @ 99.37
VIX UP 6.28% @ 13.70
In my portfolio :
Added 25% YHOO @ $20.31
Portfolio is BAC,CRUS,YHOO
Most stocks are down
@ 2.01 following are green :
AAPL,CMG,FB,M,APKT,SU,LVS,PANW,
BIDU,FFIV,LNKD,ZNGA,CIEN,FNSR,
QCOM,NVDA,MCD,EGO,MGA,GS...
AH YHOO is reporting, expectations are Sales $1.21 Billion
EPS 27 cents. Guidance expected Sales $1.12 billion & EPS of 26 cents. Expecting a beat on EPS.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1501.05
Internals are mixed
Oil UP 28 cents
Gold Down $2.30
Canadian $ Down 6 tick @ 99.37
VIX UP 6.28% @ 13.70
In my portfolio :
Added 25% YHOO @ $20.31
Portfolio is BAC,CRUS,YHOO
Most stocks are down
@ 2.01 following are green :
AAPL,CMG,FB,M,APKT,SU,LVS,PANW,
BIDU,FFIV,LNKD,ZNGA,CIEN,FNSR,
QCOM,NVDA,MCD,EGO,MGA,GS...
AH YHOO is reporting, expectations are Sales $1.21 Billion
EPS 27 cents. Guidance expected Sales $1.12 billion & EPS of 26 cents. Expecting a beat on EPS.......
BLOG does NOT give buy or sell.
Saleem
Sunday, January 27, 2013
The biggest bull market ever ?
Many traders & investors are trying very hard to figure out this market.
Most involved are struggling with the most dreaded word "correction" & adjusting in anticipation.
Most involved were sure that 1500 area in S&P 500 will bring barrage of selling, all it did was to pause for ONE DAY & it went above 1500 with great ease.
S&P 500 has moved from 1398.11 to 1502.96 a gain of 104.85 or 7.5% in straight FIVE weeks.....
Dow has the-best January since 1989......that was 24 years ago......
The logical question is WHY all the strength in the market all of a sudden ?
We have looked @ technicals in the past for answers BUT this TAPE is bigger than any point & figure chart can tell us......
Most strong stocks have RSI approaching 80 & still looking very strong.
WHY WHY WHY
Answer may lie in the following "fundamental picture"
- In US politicians are co-operating for fiscal issues
-Fund flow from money market / bonds are pouring in equities
-Economic recovery is taking hold worldwide
-China had "soft landing" & pointing north
-India had "soft landing" & pointing north
-US had "soft landing" & pointing north
-Europe is coming out of its "slump" nicely & pointing north
- Word from Davos "crisis is gone"
I am sure you are getting this "clear fundamental picture"
I do not recall since 1999 that so many things are pointing in the right "fundamental direction"
As we all know that last big bull was in 1998 to 2000......when S&P 500 was @ 912.83 on January 12,1998...but by March 24, 2000 it was sitting @ 1552.87....a jump of 640.04 or 70.12%..this was in anticipation of massive technology spending for Y2K...
Of course we all remember on March 6, 2009 were @ 666.79 & now 1502.96 a jump of 836.17 or 125.40%......this was all on HOPE to RESOLVE financial crisis.....
NOW we have real "turning UP of worldwide economy in place"
How far we will go NOW in this run "could be an investor bonanza"
First we should take out March 2000 high of 1552.87.......a 13 year old benchmark......
Based on historical strong bull market, we should easily add @ least 70% jump from hereon in next 3 years....IF this reading of tea leaf is close to mark then by end of 2015 S&P 500 should be @ 2555 area.....
Also by end of 2015 Nasdaq should be around 6299 area, this projection is based on 100% jump in next 3 years...for the record Nasdaq was @ 5078.66 on March 24,2000... currently we are @ 3149.71......
All this projection may sound "unbelievable" but TAPE may surprise all of us.....
SO ...fundamentals may be giving a better picture of great things to come.......
BLOG does NOT give buy or sell.
Saleem
Most involved are struggling with the most dreaded word "correction" & adjusting in anticipation.
Most involved were sure that 1500 area in S&P 500 will bring barrage of selling, all it did was to pause for ONE DAY & it went above 1500 with great ease.
S&P 500 has moved from 1398.11 to 1502.96 a gain of 104.85 or 7.5% in straight FIVE weeks.....
Dow has the-best January since 1989......that was 24 years ago......
The logical question is WHY all the strength in the market all of a sudden ?
We have looked @ technicals in the past for answers BUT this TAPE is bigger than any point & figure chart can tell us......
Most strong stocks have RSI approaching 80 & still looking very strong.
WHY WHY WHY
Answer may lie in the following "fundamental picture"
- In US politicians are co-operating for fiscal issues
-Fund flow from money market / bonds are pouring in equities
-Economic recovery is taking hold worldwide
-China had "soft landing" & pointing north
-India had "soft landing" & pointing north
-US had "soft landing" & pointing north
-Europe is coming out of its "slump" nicely & pointing north
- Word from Davos "crisis is gone"
I am sure you are getting this "clear fundamental picture"
I do not recall since 1999 that so many things are pointing in the right "fundamental direction"
As we all know that last big bull was in 1998 to 2000......when S&P 500 was @ 912.83 on January 12,1998...but by March 24, 2000 it was sitting @ 1552.87....a jump of 640.04 or 70.12%..this was in anticipation of massive technology spending for Y2K...
Of course we all remember on March 6, 2009 were @ 666.79 & now 1502.96 a jump of 836.17 or 125.40%......this was all on HOPE to RESOLVE financial crisis.....
NOW we have real "turning UP of worldwide economy in place"
How far we will go NOW in this run "could be an investor bonanza"
First we should take out March 2000 high of 1552.87.......a 13 year old benchmark......
Based on historical strong bull market, we should easily add @ least 70% jump from hereon in next 3 years....IF this reading of tea leaf is close to mark then by end of 2015 S&P 500 should be @ 2555 area.....
Also by end of 2015 Nasdaq should be around 6299 area, this projection is based on 100% jump in next 3 years...for the record Nasdaq was @ 5078.66 on March 24,2000... currently we are @ 3149.71......
All this projection may sound "unbelievable" but TAPE may surprise all of us.....
SO ...fundamentals may be giving a better picture of great things to come.......
BLOG does NOT give buy or sell.
Saleem
Friday, January 25, 2013
Indices closed UP .51% to .62%.....NICE !!!!
Indices made another multi-year highs.
S&P 500 closed @ 1502.96 near high of the day 1503.26.
RSI @ 74.41
CMF @ 0.501
Internals were :
UP volume led by 2.63 to 1 in NYSE & 2.52 to 1 in Nasdaq
Advancing Stocks led by 1.58 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 327 in NYSE & 174 in Nasdaq
VIX closed UP 1.58% @ 12.89
Oil closed @ $95.88
Gold closed @ $1656.60
Canadian $ closed @ 99.35, it hit six month low intraday @ 99.00 against US$
Stocks which were UP 2% or more included CRUS,AMZN,CSOD,
PCLN,POT,LULU,EXPE,RVBD,KORS,FFIV,LNKD,GMCR,
LRCX,FNSR,MOS,SBUX
In my portfolio :
Sold YUM
Portfolio is BAC,CRUS,YHOO
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1502.96 near high of the day 1503.26.
RSI @ 74.41
CMF @ 0.501
Internals were :
UP volume led by 2.63 to 1 in NYSE & 2.52 to 1 in Nasdaq
Advancing Stocks led by 1.58 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 327 in NYSE & 174 in Nasdaq
VIX closed UP 1.58% @ 12.89
Oil closed @ $95.88
Gold closed @ $1656.60
Canadian $ closed @ 99.35, it hit six month low intraday @ 99.00 against US$
Stocks which were UP 2% or more included CRUS,AMZN,CSOD,
PCLN,POT,LULU,EXPE,RVBD,KORS,FFIV,LNKD,GMCR,
LRCX,FNSR,MOS,SBUX
In my portfolio :
Sold YUM
Portfolio is BAC,CRUS,YHOO
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, January 24, 2013
Indices closed mixed......
Nasdaq was the sole loser today thanks to AAPL ripple effect.
S&P 500 closed @ 1494.82
RSI @ 71.83
CMF @ 0.448
Internals were :
UP volume led by 1.34 to 1 in NYSE & 1.25 to 1 in Nasdaq
Advancing stocks led by 1.27 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 422 in NYSE & 190 in Nasdaq
VIX closed UP1.85% @ 12.69
Oil closed @ $95.95
Gold closed @ $1669.90
Stocks which closed UP 1% or more included YHOO,
CF,LULU,CMG,RVBD,JCP,HMC,AMZN,M,RIMM,
DNKN,EXPE,FFIV,PCLN,GOOG,GMCR,C,FNSR,
SNDK,KORS,AGU,POT.....
AH ER :
FLEX Down 7.89%
CRUS UP 1.42%
SBUX UP 2.16%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Since we have crossed 1500 in S&P 500, we should see a follow thru to new highs. Close is where the strength is.75 area in RSI is attainable. Overbought conditions needs to be recognized for strategic profit taking & quick trades. With major bull market, rotation can take hold for a long long time.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1494.82
RSI @ 71.83
CMF @ 0.448
Internals were :
UP volume led by 1.34 to 1 in NYSE & 1.25 to 1 in Nasdaq
Advancing stocks led by 1.27 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 422 in NYSE & 190 in Nasdaq
VIX closed UP1.85% @ 12.69
Oil closed @ $95.95
Gold closed @ $1669.90
Stocks which closed UP 1% or more included YHOO,
CF,LULU,CMG,RVBD,JCP,HMC,AMZN,M,RIMM,
DNKN,EXPE,FFIV,PCLN,GOOG,GMCR,C,FNSR,
SNDK,KORS,AGU,POT.....
AH ER :
FLEX Down 7.89%
CRUS UP 1.42%
SBUX UP 2.16%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Since we have crossed 1500 in S&P 500, we should see a follow thru to new highs. Close is where the strength is.75 area in RSI is attainable. Overbought conditions needs to be recognized for strategic profit taking & quick trades. With major bull market, rotation can take hold for a long long time.
BLOG does NOT give buy or sell.
Saleem
CRUS beats on Sales & EPS.....
CRUS Sales consensus $285.96 actual $310.00 Million beat by $24.04 million
CRUS EPS consensus $1.41 actual $1.64 beat by 23 cents
CRUS guidance consensus $234.90 Million, guidance given $200 to $220 Million a shortfall of $24.90 million......
Sales for 2 quarters are dead on including projection.......
CRUS has a tendency to guide lower & then beat those numbers....
Gross Margin was 51% actual & projected to be between 50% to 52%....no loss in margin trend
CRUS stock trading AH Bid $26.95, closed @ $26.71...
Conference call starts @ 5 PM
BLOG does NOT give buy or sell.
Saleem
CRUS EPS consensus $1.41 actual $1.64 beat by 23 cents
CRUS guidance consensus $234.90 Million, guidance given $200 to $220 Million a shortfall of $24.90 million......
Sales for 2 quarters are dead on including projection.......
CRUS has a tendency to guide lower & then beat those numbers....
Gross Margin was 51% actual & projected to be between 50% to 52%....no loss in margin trend
CRUS stock trading AH Bid $26.95, closed @ $26.71...
Conference call starts @ 5 PM
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed with Nasdaq & S&P 500 red while Dow is UP.
S&P 500 @ 1492.42, high today so far 1502.27
Internals are positive
Oil UP 99 cents
Gold Down $16.90
Canadian $ Down 38 tick @ 99.73...below US$ & @ low point since November.
VIX UP 5.06% @ 13.09
Portfolio is BAC,CRUS,YHOO,YUM
CRUS is reporting AH, expectation are Sales of $285.96 Million & EPS of $1.41, guidance expectations are Sales $234.93 Million & EPS of $1.01......I think all numbers are attainable !!!!
Most stocks are UP
@ 1.49 following are down :
CRUS,AAPL,TCK,SCCO,AEM,GG,LEN,APKT,
LVS,PANW,BIDU,CLF,LRCX,BRCM,QCOM,
FSLR,SBUX,MCD,X,STLD,EGO,SLW,SINA,
QIHU,MLNX,KOG,WYNN,GS,FCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1492.42, high today so far 1502.27
Internals are positive
Oil UP 99 cents
Gold Down $16.90
Canadian $ Down 38 tick @ 99.73...below US$ & @ low point since November.
VIX UP 5.06% @ 13.09
Portfolio is BAC,CRUS,YHOO,YUM
CRUS is reporting AH, expectation are Sales of $285.96 Million & EPS of $1.41, guidance expectations are Sales $234.93 Million & EPS of $1.01......I think all numbers are attainable !!!!
Most stocks are UP
@ 1.49 following are down :
CRUS,AAPL,TCK,SCCO,AEM,GG,LEN,APKT,
LVS,PANW,BIDU,CLF,LRCX,BRCM,QCOM,
FSLR,SBUX,MCD,X,STLD,EGO,SLW,SINA,
QIHU,MLNX,KOG,WYNN,GS,FCX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 23, 2013
Indices closed UP .15% to .49%......NICE !!!!
Indices closed UP again.
S&P 500 @ 1494.81
RSI @ 71.82
CMF @ 0.470
Internals were :
Down volume led by 1.30 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.09 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 321 in NYSE & 150 in Nasdaq
VIX closed UP .24% @ 12.46
Oil closed @ $95.23
Gold closed @ $1686.70
In my portfolio :
Sold APKT
Bought CRUS @ $29.90
Portfolio is BAC,CRUS,YHOO,YUM
Exposure 50%
AH ER :
SNDK Down 3.71%
AAPL Down 9.83%
FFIV UP 5.96%
NFLX UP 35.19%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, Chinese Flash PMI is @ 2 yr high of 51.9%. Chinese data may offset AAPL impact on market. There is a very good chance that S&P 500 can hit that magic number of 1500 on Thursday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1494.81
RSI @ 71.82
CMF @ 0.470
Internals were :
Down volume led by 1.30 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.09 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 321 in NYSE & 150 in Nasdaq
VIX closed UP .24% @ 12.46
Oil closed @ $95.23
Gold closed @ $1686.70
In my portfolio :
Sold APKT
Bought CRUS @ $29.90
Portfolio is BAC,CRUS,YHOO,YUM
Exposure 50%
AH ER :
SNDK Down 3.71%
AAPL Down 9.83%
FFIV UP 5.96%
NFLX UP 35.19%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, Chinese Flash PMI is @ 2 yr high of 51.9%. Chinese data may offset AAPL impact on market. There is a very good chance that S&P 500 can hit that magic number of 1500 on Thursday.
BLOG does NOT give buy or sell.
Saleem
Indices green .09% to ..53%.......NICE !!!!
Indices are in green.
S&P 500 @ 1493.91
Internals are mostly negative
Oil Down 43 cents
Gold down $6.30
Canadian $ Down 52 tick @ 100.14, Canadian Central bank delaying higher interest rate.
VIX Down .97% @ 12.31
Portfolio is APKT,BAC,YHOO,YUM
COH earning report was a miss Down 15.53% in heavy volume
AH AAPL reports, Options are predicting 7% move....
Most stocks are down
@ 1.37 following are UP :
BAC,YHOO,YUM,AAPL,KORS,CF,GOOG,
PCLN,FB,SCCO,POT, EXPE,LEN,FFIV,
LNKD,CRUS,C,QCOM,MON,MCD,
STLD,QIHU,MLNX,IBN......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1493.91
Internals are mostly negative
Oil Down 43 cents
Gold down $6.30
Canadian $ Down 52 tick @ 100.14, Canadian Central bank delaying higher interest rate.
VIX Down .97% @ 12.31
Portfolio is APKT,BAC,YHOO,YUM
COH earning report was a miss Down 15.53% in heavy volume
AH AAPL reports, Options are predicting 7% move....
Most stocks are down
@ 1.37 following are UP :
BAC,YHOO,YUM,AAPL,KORS,CF,GOOG,
PCLN,FB,SCCO,POT, EXPE,LEN,FFIV,
LNKD,CRUS,C,QCOM,MON,MCD,
STLD,QIHU,MLNX,IBN......
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 22, 2013
Indices closed UP .27% to .46%.....NICE !!!!
Indices closed @ absolute high of the day.
S&P 500 closed @ 1492.56
RSI @ 71.13
CMF @ 0.403
Internals were :
UP volume led by 2.89 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 2.24 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 422 in NYSE & 207 in Nasdaq
VIX closed down .24% @ 12.43
Oil closed @ $96.24
Gold closed @ $1693.20
Stocks which closed UP 1% or more included APKT,BAC,
RIMM,FB,GG,CF,SU,LVS,DNKN,GMCR,JDSU,FSLR,
X,STLD,EGO,MS,BJRI,GS,AGU,CLF,FCX....
AH ER :
IBM UP 4.11%
GOOG UP 5.03%
ISRG UP 8.68%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, 1500 area in S&P 500 could attract profit taking. AAPL earnings IF not as expected may trigger minor pullback. As long as one is prepared, near term is looking good. S&P 500 can easily go above 1550.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1492.56
RSI @ 71.13
CMF @ 0.403
Internals were :
UP volume led by 2.89 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 2.24 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 422 in NYSE & 207 in Nasdaq
VIX closed down .24% @ 12.43
Oil closed @ $96.24
Gold closed @ $1693.20
Stocks which closed UP 1% or more included APKT,BAC,
RIMM,FB,GG,CF,SU,LVS,DNKN,GMCR,JDSU,FSLR,
X,STLD,EGO,MS,BJRI,GS,AGU,CLF,FCX....
AH ER :
IBM UP 4.11%
GOOG UP 5.03%
ISRG UP 8.68%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, 1500 area in S&P 500 could attract profit taking. AAPL earnings IF not as expected may trigger minor pullback. As long as one is prepared, near term is looking good. S&P 500 can easily go above 1550.
BLOG does NOT give buy or sell.
Saleem
Indices Mixed.....
Indices are mixed as Nasdaq is down.
S&P 500 @ 1488.57
Internals are positive
Oil UP 71 cents
Gold UP $6.20
Canadian $ UP 4 tick @ 100.78
VIX UP 1.04% @ 12.59
Portfolio is APKT,BAC,YHOO,YUM
Most stocks are UP
@ 2.00 following are red :
YHOO,CMG,AMZN,GOOG,PCLN,HMC,
M,LULU,EXPE,LEN,JCP,RVBD,PANW,
BIDU,FFIV,COH,LNKD,MA,CRUS,
LRCX,MU,BRCM,FNSR,SNDK,
QCOM,MON,NVDA,QIHU,ECA,
MGA,MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1488.57
Internals are positive
Oil UP 71 cents
Gold UP $6.20
Canadian $ UP 4 tick @ 100.78
VIX UP 1.04% @ 12.59
Portfolio is APKT,BAC,YHOO,YUM
Most stocks are UP
@ 2.00 following are red :
YHOO,CMG,AMZN,GOOG,PCLN,HMC,
M,LULU,EXPE,LEN,JCP,RVBD,PANW,
BIDU,FFIV,COH,LNKD,MA,CRUS,
LRCX,MU,BRCM,FNSR,SNDK,
QCOM,MON,NVDA,QIHU,ECA,
MGA,MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 20, 2013
Market has a dream of keep going UP till 1600 in S&P 500.....
Technicians have come up with a dream of market going UP till March. They also have a dream of no correction till April.
Technicians are dreaming 1600 in S&P 500 before correction can start.
Technicians can dream all this based on Investment Managers being most bullish in a long long time since that great march, when Martin Luther King made that famous speech of "i have a dream".....
Technicians are also dreaming big because they can "clearly see highest short interest in over a year"
Technicians are dreaming bigger because there is a "biggest shift in allocation from Fixed income to equities since the dark days of 2008"
Technicians are also dreaming big based on VIX which has crashed to the lowest level since April 2007
Technicians are also getting super confident as politicians are postponing dealing with debt ceiling issues till....guess what... April....
SO..stop worrying about any indicators......
Sit back & enjoy the biggest runup which markets will ever see......new all time highs in S&P 500 is a given...all of course guaranteed by technicians...who are known for making "dream big predictions"
Monday markets are closed for Martin Luther King day
Tuesday GOOG reports
Wednesday AAPL reports
BLOG does NOT give buy or sell.
Saleem
Technicians are dreaming 1600 in S&P 500 before correction can start.
Technicians can dream all this based on Investment Managers being most bullish in a long long time since that great march, when Martin Luther King made that famous speech of "i have a dream".....
Technicians are also dreaming big because they can "clearly see highest short interest in over a year"
Technicians are dreaming bigger because there is a "biggest shift in allocation from Fixed income to equities since the dark days of 2008"
Technicians are also dreaming big based on VIX which has crashed to the lowest level since April 2007
Technicians are also getting super confident as politicians are postponing dealing with debt ceiling issues till....guess what... April....
SO..stop worrying about any indicators......
Sit back & enjoy the biggest runup which markets will ever see......new all time highs in S&P 500 is a given...all of course guaranteed by technicians...who are known for making "dream big predictions"
Monday markets are closed for Martin Luther King day
Tuesday GOOG reports
Wednesday AAPL reports
BLOG does NOT give buy or sell.
Saleem
Friday, January 18, 2013
Indices closed Mixed.....
Nasdaq closed down while S&P 500 & Dow closed UP
S&P 500 closed @ 1485.98 highest point of the day....
RSI @ 69.06
CMF @ 0.402.....highest point in a long time
Internals were :
UP volume led by 1.81 to 1 in NYSE & 1.52 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 333 in NYSE & 128 in Nasdaq
VIX crashed down to almost 6 years low, down 8.18% @ 12.46
Oil closed @ $95.56
Gold closed @ $1687.00
Canadian $ @ 100.82
In my portfolio :
Sold JCP
Here is my portfolio weighting :
BAC 29.92%
APKT 27.30%
YUM 24.92%
YHOO 17.86%
Exposure 61%.....
Stocks which closed green included APKT,JCP,
RIMM,CMG,AMZN,PCLN,SCCO,M,LEN,
KORS,CF,TCK,LVS,WYNN,PANW,BIDU,
DNKN,COH,CLF,C,MOS,MON,SBUX,
MCD,SINA,QIHU,MS,GS,IBN
Next post on Sunday by 2 PM
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1485.98 highest point of the day....
RSI @ 69.06
CMF @ 0.402.....highest point in a long time
Internals were :
UP volume led by 1.81 to 1 in NYSE & 1.52 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 333 in NYSE & 128 in Nasdaq
VIX crashed down to almost 6 years low, down 8.18% @ 12.46
Oil closed @ $95.56
Gold closed @ $1687.00
Canadian $ @ 100.82
In my portfolio :
Sold JCP
Here is my portfolio weighting :
BAC 29.92%
APKT 27.30%
YUM 24.92%
YHOO 17.86%
Exposure 61%.....
Stocks which closed green included APKT,JCP,
RIMM,CMG,AMZN,PCLN,SCCO,M,LEN,
KORS,CF,TCK,LVS,WYNN,PANW,BIDU,
DNKN,COH,CLF,C,MOS,MON,SBUX,
MCD,SINA,QIHU,MS,GS,IBN
Next post on Sunday by 2 PM
BLOG does NOT give buy or sell.
Saleem
Thursday, January 17, 2013
Indices closed UP .56% to .63%....NICE !!!!
Indices made & closed @ multi year high.
S&P 500 @ 1480.94
RSI @ 67.40
CMF @ 0.286
Internals were :
UP volume led by 2.12 to 1 in NYSE & 2.99 to 1 in Nasdaq
Advancing stocks led by 3.05 to 1 in NYSE & 2.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 359 in NYSE & 142 in Nasdaq
VIX closed UP @ 13.57
Oil closed @ $95.49
Gold closed @ $1690.80
Stocks that were UP 1% or more included TCK,RIMM,CMG,HMC,
LULU,LEN,FFIV,CLF,
LNKD,GMCR,LRCX,
MU,CIEN,FNSR,SNDK,
NVDA,STLD,CCJ,QIHU,
MGA,MS,KOG,AGU.....
AH ER INTC Down 5.24%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, Indices made new highs which bodes well for future. Near term we may hit severe overbought condition. It is important to be aggressive in booking profit. Chinese GDP came in @ 7.9%, better than consensus of 7.8%. Internals were OK, not as strong as i had expected.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1480.94
RSI @ 67.40
CMF @ 0.286
Internals were :
UP volume led by 2.12 to 1 in NYSE & 2.99 to 1 in Nasdaq
Advancing stocks led by 3.05 to 1 in NYSE & 2.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 359 in NYSE & 142 in Nasdaq
VIX closed UP @ 13.57
Oil closed @ $95.49
Gold closed @ $1690.80
Stocks that were UP 1% or more included TCK,RIMM,CMG,HMC,
LULU,LEN,FFIV,CLF,
LNKD,GMCR,LRCX,
MU,CIEN,FNSR,SNDK,
NVDA,STLD,CCJ,QIHU,
MGA,MS,KOG,AGU.....
AH ER INTC Down 5.24%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, Indices made new highs which bodes well for future. Near term we may hit severe overbought condition. It is important to be aggressive in booking profit. Chinese GDP came in @ 7.9%, better than consensus of 7.8%. Internals were OK, not as strong as i had expected.
BLOG does NOT give buy or sell.
Saleem
Indices UP .81% to .87%......NICE !!!!
Indices are in bullish mode making new 52 wk highs in the process.
S&P 500 @ new 52 wk high, last @ 1484.10
Internals are positive by minimum 2 to 1
Oil UP $1.34
Gold UP $6.90
Canadian $ UP 8 tick @ 101.52
VIX Down .60% @ 13.34
In my portfolio :
Sold CF
Sold TCK
Bought YHOO @ $20.07
Bought BAC @ $11.36 & $11.22
Added 170% APKT @ $23.71
Portfolio is APKT,BAC,JCP,YHOO,YUM
Exposure 75%
Most stocks are UP
@ 2.19 following are down :
BAC,JCP,YUM,M,KORS,PANW,BIDU,GOOG,V,
C,MON,FSLR,SINA,MLNX,IBN,FCX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ new 52 wk high, last @ 1484.10
Internals are positive by minimum 2 to 1
Oil UP $1.34
Gold UP $6.90
Canadian $ UP 8 tick @ 101.52
VIX Down .60% @ 13.34
In my portfolio :
Sold CF
Sold TCK
Bought YHOO @ $20.07
Bought BAC @ $11.36 & $11.22
Added 170% APKT @ $23.71
Portfolio is APKT,BAC,JCP,YHOO,YUM
Exposure 75%
Most stocks are UP
@ 2.19 following are down :
BAC,JCP,YUM,M,KORS,PANW,BIDU,GOOG,V,
C,MON,FSLR,SINA,MLNX,IBN,FCX....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 16, 2013
Indices closed mixed......
Indices closed near high of the day.
S&P 500 closed @ 1472.63, high was 1473.96 which was awfully close to 52 wk high of 1474.51.
RSI @ 64.47
CMF @ 0.321
Internals were :
Down volume led by 1.41 to 1 in NYSE & .98 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & 1.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 85 in Nasdaq
VIX closed down .96% @ 13.42
Oil closed @ $94.24
Gold closed @ $1683.20
AH ER EBAY UP 1.30%
In my portfolio :
Sold KORS
Portfolio is APKT,CF,JCP,TCK,YUM
Exposure 65%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, S&P 500 missed making new 52 wk high by 55 tick. Thursday could be the day for new 52 wk high in S&P 500. We are near high end of this trading range. Booking profit is highly desirable. IF we break to the upside, it should be a fast ride near 1500. Round number generally becomes resistance point.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1472.63, high was 1473.96 which was awfully close to 52 wk high of 1474.51.
RSI @ 64.47
CMF @ 0.321
Internals were :
Down volume led by 1.41 to 1 in NYSE & .98 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & 1.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 85 in Nasdaq
VIX closed down .96% @ 13.42
Oil closed @ $94.24
Gold closed @ $1683.20
AH ER EBAY UP 1.30%
In my portfolio :
Sold KORS
Portfolio is APKT,CF,JCP,TCK,YUM
Exposure 65%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, S&P 500 missed making new 52 wk high by 55 tick. Thursday could be the day for new 52 wk high in S&P 500. We are near high end of this trading range. Booking profit is highly desirable. IF we break to the upside, it should be a fast ride near 1500. Round number generally becomes resistance point.
BLOG does NOT give buy or sell.
Saleem
S&P 500 making higher highs.....NICE !!!
Indices are mixed with Dow in red, but S&P 500 made a higher high & is ready to make new 52 wk high...high today so far 1473.51
S&P 500 @ 1473.17
Internals are mixed
Oil UP 75 cents
Gold Down $1.70
Canadian $ Down 14 tick @ 101.47
VIX Down to new 52 wk low @ 13.23
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are down
@ 1.57 following are green :
CF,APKT,KORS,PCLN,M,YHOO,RVBD,RIMM,
PANW,DNKN,LNKD,AAPL,CRUS,LRCX,
BRCM,QCOM,MON,MGA,BAC,MS,
MLNX,GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1473.17
Internals are mixed
Oil UP 75 cents
Gold Down $1.70
Canadian $ Down 14 tick @ 101.47
VIX Down to new 52 wk low @ 13.23
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are down
@ 1.57 following are green :
CF,APKT,KORS,PCLN,M,YHOO,RVBD,RIMM,
PANW,DNKN,LNKD,AAPL,CRUS,LRCX,
BRCM,QCOM,MON,MGA,BAC,MS,
MLNX,GS.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 15, 2013
Indices closed Mixed.....
Indices closed near high of the day again.
S&P 500 closed @ 1472.34
RSI @ 64.37
CMF @ 0.341
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 82 in Nasdaq
VIX closed UP .22% @ 13.55
Oil closed @ $93.28
Gold closed @ $1683.90
Stocks which were UP 1% or more included APKT,JCP,
SCCO,M,EXPE,GG,PANW,CLF,FNSR,JDSU,FSLR,
X,STLD,CCJ,MS,MLNX,KOG....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, Wednesday could be the day when S&P 500 makes a new 52 wk high. TAPE has been strong as we close near high of the day back to back. CMF is @ its highest point in several months as new allocation to stocks takes hold. It is important to have a sell target as we go into few days of higher highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1472.34
RSI @ 64.37
CMF @ 0.341
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 82 in Nasdaq
VIX closed UP .22% @ 13.55
Oil closed @ $93.28
Gold closed @ $1683.90
Stocks which were UP 1% or more included APKT,JCP,
SCCO,M,EXPE,GG,PANW,CLF,FNSR,JDSU,FSLR,
X,STLD,CCJ,MS,MLNX,KOG....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, Wednesday could be the day when S&P 500 makes a new 52 wk high. TAPE has been strong as we close near high of the day back to back. CMF is @ its highest point in several months as new allocation to stocks takes hold. It is important to have a sell target as we go into few days of higher highs.
BLOG does NOT give buy or sell.
Saleem
Indices lower by .03% to 26%.......
Indices are near high of the day.
S&P 500 @ 1469.72, low today 1463.76
Internals are mostly positive
Oil Down 13 cents
Gold UP $13.90
Canadian $ unchanged @ 101.60
VIX UP .44% @ 13.58
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are UP
@ 1.36 following are Down :
CF,LEN,AMZN,LULU,FB,HMC,RVBD,RIMM,
BIDU,LNKD,AAPL,MA,V,CRUS,LRCX,
BRCM,SNDK,NVDA,SBUX,MCD,
QIHU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1469.72, low today 1463.76
Internals are mostly positive
Oil Down 13 cents
Gold UP $13.90
Canadian $ unchanged @ 101.60
VIX UP .44% @ 13.58
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are UP
@ 1.36 following are Down :
CF,LEN,AMZN,LULU,FB,HMC,RVBD,RIMM,
BIDU,LNKD,AAPL,MA,V,CRUS,LRCX,
BRCM,SNDK,NVDA,SBUX,MCD,
QIHU.....
BLOG does NOT give buy or sell.
Saleem
Monday, January 14, 2013
Indices closed mixed.....
Indices were mixed @ close.
S&P 500 @ 1470.68
RSI @ 63.81
CMF @ 0.277
Internals were :
Down volume led by 1.22 to 1 in NYSE & .74 to 1 in Nasdaq
Declining stocks led by 1.00 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 212 in NYSE & 115 in Nasdaq
VIX @ 13.52
Oil closed @ $94.14
Gold closed @ $1669.40
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
AH News LULU Down 6.89%
About market, TAPE was displaying resiliency today. Despite AAPL being down, market held up well. Today Jimmy the Cramer lashed out @ AAPL for its current malaise of nothing "ahead of the curve". Indices needs to move decisively above current resistance & stay above for several days. Based on Today's TAPE, indices may just do that.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1470.68
RSI @ 63.81
CMF @ 0.277
Internals were :
Down volume led by 1.22 to 1 in NYSE & .74 to 1 in Nasdaq
Declining stocks led by 1.00 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 212 in NYSE & 115 in Nasdaq
VIX @ 13.52
Oil closed @ $94.14
Gold closed @ $1669.40
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
AH News LULU Down 6.89%
About market, TAPE was displaying resiliency today. Despite AAPL being down, market held up well. Today Jimmy the Cramer lashed out @ AAPL for its current malaise of nothing "ahead of the curve". Indices needs to move decisively above current resistance & stay above for several days. Based on Today's TAPE, indices may just do that.
BLOG does NOT give buy or sell.
Saleem
Indices Mixed.....
Indices are mixed with Dow in green.
S&P 500 @ 1468.46, low today 1465.69
Internals are negative.
Oil UP 6 cents
Gold UP $8.70
Canadian $ UP 5 tick @ 101.64
VIX UP 1.35% @ 13.54
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are down
@ 1.47 following are green :
APKT,CF,KORS,JCP,AMZN,PCLN,HMC,
YHOO,SCCO,M,LULU,EXPE,AEM,GG,
EGO,SLW,RIMM,PANW,FNSR,MON,
CCJ,WYNN,AGU,IBN.....
LEN reports before open
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1468.46, low today 1465.69
Internals are negative.
Oil UP 6 cents
Gold UP $8.70
Canadian $ UP 5 tick @ 101.64
VIX UP 1.35% @ 13.54
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are down
@ 1.47 following are green :
APKT,CF,KORS,JCP,AMZN,PCLN,HMC,
YHOO,SCCO,M,LULU,EXPE,AEM,GG,
EGO,SLW,RIMM,PANW,FNSR,MON,
CCJ,WYNN,AGU,IBN.....
LEN reports before open
BLOG does NOT give buy or sell.
Saleem
Sunday, January 13, 2013
Too many bulls ?
Many technical indicators are flashing sell signal ?
Here is few to keep in mind :
-CMF 0.223..highest level since September 2012
-RSI 64.59...near high since September 2012
-Bulls 51.1% Bears 23.4%..Bulls @ highest level in a long time....
-S&P 500 @ 1472.05.....near high point of several years.....
-VIX @ 13.36...2 multi year low..denotes extreme bullishness
-Euphoria is @ extremely high level as everybody is talking bullish...Bears voice is non-existent...
It is important to recognize these extreme bullish readings, & factor in your decision making & or comfort level.
What happens @ these extreme levels on a historical basis, That we may overshoot & then fall hard for weeks.
IF we look @ S&P 500, it may make a nominal high & go to around 1500 area & then retreat & drift lower..
It is extremely critical to take advantage of high prices & book gains.....
Some of you may be looking @ outsize gains in your portfolio, cashing @ this stage is prudent.......
As you can tell, i am extremely nervous about TAPE, it is too good currently.
I may reduce my exposure this week to extremely low level & may wait for better pricing.
It is good to be wrong near highs, as nobody has the talent to lock highest prices.
Good luck in your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Here is few to keep in mind :
-CMF 0.223..highest level since September 2012
-RSI 64.59...near high since September 2012
-Bulls 51.1% Bears 23.4%..Bulls @ highest level in a long time....
-S&P 500 @ 1472.05.....near high point of several years.....
-VIX @ 13.36...2 multi year low..denotes extreme bullishness
-Euphoria is @ extremely high level as everybody is talking bullish...Bears voice is non-existent...
It is important to recognize these extreme bullish readings, & factor in your decision making & or comfort level.
What happens @ these extreme levels on a historical basis, That we may overshoot & then fall hard for weeks.
IF we look @ S&P 500, it may make a nominal high & go to around 1500 area & then retreat & drift lower..
It is extremely critical to take advantage of high prices & book gains.....
Some of you may be looking @ outsize gains in your portfolio, cashing @ this stage is prudent.......
As you can tell, i am extremely nervous about TAPE, it is too good currently.
I may reduce my exposure this week to extremely low level & may wait for better pricing.
It is good to be wrong near highs, as nobody has the talent to lock highest prices.
Good luck in your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, January 11, 2013
Indices closed UP .12% to .59%......NICE !!!!
Indices are displaying technical strength by closing higher near high of the day & in the process making higher highs..
S&P 500 @ 1472.05
RSI @ 64.59
CMF @ 0.223
Internals were :
UP volume led by .73 to 1 in NYSE & 1.66 to 1 in Nasdaq
Declining stocks led by 1.12 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 231 in NYSE & 110 in Nasdaq
VIX down .96% @ 13.36, made a new 52 wk low today @ 13.22
Oil closed @ $93.56
Gold closed @ $1660.60
Canadian $ closed @ 101.58
Stocks which were UP 1% or more included KORS,
FB,YHOO,RVBD,RIMM,PANW,BIDU,FFIV,
COH,GMCR,LRCX,MU,SNDK,EGO,MLNX,
AGU.....
In my portfolio :
Bought APKT @ $22.79
Portfolio weighting is :
TCK 23.39%
KORS 21.45%
YUM 18.76%
JCP 15.65%
CF 13.60%
APKT 7.15%
Exposure 82%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1472.05
RSI @ 64.59
CMF @ 0.223
Internals were :
UP volume led by .73 to 1 in NYSE & 1.66 to 1 in Nasdaq
Declining stocks led by 1.12 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 231 in NYSE & 110 in Nasdaq
VIX down .96% @ 13.36, made a new 52 wk low today @ 13.22
Oil closed @ $93.56
Gold closed @ $1660.60
Canadian $ closed @ 101.58
Stocks which were UP 1% or more included KORS,
FB,YHOO,RVBD,RIMM,PANW,BIDU,FFIV,
COH,GMCR,LRCX,MU,SNDK,EGO,MLNX,
AGU.....
In my portfolio :
Bought APKT @ $22.79
Portfolio weighting is :
TCK 23.39%
KORS 21.45%
YUM 18.76%
JCP 15.65%
CF 13.60%
APKT 7.15%
Exposure 82%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, January 10, 2013
Indices closed UP .51% to .76%....NICE !!!
Indices closed near high of the day.
S&P 500 closed @ 1472.12
RSI @ 64.62
CMF @ 0.147
Internals were :
UP volume led by 3.19 to 1 in NYSE & 2.27 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 280 in NYSE & 143 in Nasdaq
VIX closed Down 2.32% @ 13.49
Oil closed @ $93.82
Gold closed @ $1678.00
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, S&P 500 is all set to make new 52 wk high, this may trigger more short covering & more higher highs.TAPE is strong & many stocks are getting ready to make new 52 wk highs, this list includes CF, TCK, AMZN to name a few. It is important to ride this strength for maximum gains. I will keep an eye on RSI when it hits 75 in S&P 500 or individual stocks, that is perfect time to book profit.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1472.12
RSI @ 64.62
CMF @ 0.147
Internals were :
UP volume led by 3.19 to 1 in NYSE & 2.27 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 280 in NYSE & 143 in Nasdaq
VIX closed Down 2.32% @ 13.49
Oil closed @ $93.82
Gold closed @ $1678.00
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, S&P 500 is all set to make new 52 wk high, this may trigger more short covering & more higher highs.TAPE is strong & many stocks are getting ready to make new 52 wk highs, this list includes CF, TCK, AMZN to name a few. It is important to ride this strength for maximum gains. I will keep an eye on RSI when it hits 75 in S&P 500 or individual stocks, that is perfect time to book profit.
BLOG does NOT give buy or sell.
Saleem
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