Indices closed down on failure to prevent shutdown.
S&P 500 @ 1681.55, low 1674.99...50 DMA @ 1679.97
RSI @ 48.32
CMF @ 0.062
Internals were :
Down volume led by 2.47 to 1 in NYSE & 1.56 to 1 in Nasdaq
Declining stocks led by 1.53 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 29 in NYSE & 82 in Nasdaq
VIX Down 7.37% @ 16.60
Oil @ $102.33
Gold @ $1327.00
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, US politician are busy in running the clock to midnight without any real effort to resolve anything. I think TAPE will react to "no deal". Any weakness to be taken in stride because shutdown will have a backlash & politicians will be forced into compromise. I expect some kind of deal by Wednesday midnight after "posturing is played out"......
BLOG does NOT give buy or sell.
Saleem
Monday, September 30, 2013
Indices down .10% to .59%.....
No new progress made in shutdown........Senate rejects House bill, now back to House ?
S&P 500 @ 1685.38, low so far 1674.99 below 50 DMA
Internals are negative
Oil Down 71 cents
Gold Down $7.70
Canadian $ UP 11 tick @ 97.15
VIX UP 6.86% @ 16.52
Portfolio AMCC FNSR JKS KOG MU JCP
Most stocks are down
@ 2.26 following are green :
AMCC JKS KOG LULU NTES TSLA GMCR LNKD
KORS RDN TXTR CSIQ CMG EBAY LVS BIDU
GG GOOG ARUN BRCM CIEN JDSU X STLD
EGO SPWR WYNN MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1685.38, low so far 1674.99 below 50 DMA
Internals are negative
Oil Down 71 cents
Gold Down $7.70
Canadian $ UP 11 tick @ 97.15
VIX UP 6.86% @ 16.52
Portfolio AMCC FNSR JKS KOG MU JCP
Most stocks are down
@ 2.26 following are green :
AMCC JKS KOG LULU NTES TSLA GMCR LNKD
KORS RDN TXTR CSIQ CMG EBAY LVS BIDU
GG GOOG ARUN BRCM CIEN JDSU X STLD
EGO SPWR WYNN MLNX....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 29, 2013
Unpredictable start for the week......
US politicians are @ it again & Monday may be tough for US market.
All indication so far is heading for a "shutdown" of US government.
TAPE has been weak in the last seven trading days due to confusion about many things as listed :
-Most important is US shutdown
-Earnings in two weeks
-Budget impasse in three weeks
-Who can forget "many version of Fed taper"
Market hates uncertainty & we got plenty going .....
Monday may be bad but Tuesday could be worse IF we do not have agreement by Monday midnight deadline.
Wednesday we may stabilize a bit.....
Thursday depends on IF there is a an agreement on hand or not......
IF no agreement on Thursday Friday could be bad again......
Earnings may be on target but guidance could be better for techs as Q4 is strong seasonally.
Budget talk can get ugly also & market may react to it......
AH..lastly Fed taper......which may not come until December...i hope......
Money managers are under exposed to in terms of less allocation...they know the drill in Washington better than retail....are staying defensive.
S&P 500 is down 2.47% from its high to Friday's low in last seven trading days.......where it may find support depends on last second of deliberation......
50 DMA @ 1680.18.....it may be taken out easily IF there is no agreement.......after that we have to monitor closely if there is buying below 50 DMA......
Any weakness must be bought as we are entering strong Q4 on Tuesday.....
Buy any strong stock which has pulled back slightly from its highs......RSI 50 area is a very good entry point...many strong stocks are already in that buying zone namely NTES SINA YY QIHU AAPL LNKD TRIP GOOG CSOD RALY.....to name a few......
Good luck with political drama..same old same old ????
BLOG does NOT give buy or sell.
Thanks for clicking & checking BLOG advertisers.
Saleem
All indication so far is heading for a "shutdown" of US government.
TAPE has been weak in the last seven trading days due to confusion about many things as listed :
-Most important is US shutdown
-Earnings in two weeks
-Budget impasse in three weeks
-Who can forget "many version of Fed taper"
Market hates uncertainty & we got plenty going .....
Monday may be bad but Tuesday could be worse IF we do not have agreement by Monday midnight deadline.
Wednesday we may stabilize a bit.....
Thursday depends on IF there is a an agreement on hand or not......
IF no agreement on Thursday Friday could be bad again......
Earnings may be on target but guidance could be better for techs as Q4 is strong seasonally.
Budget talk can get ugly also & market may react to it......
AH..lastly Fed taper......which may not come until December...i hope......
Money managers are under exposed to in terms of less allocation...they know the drill in Washington better than retail....are staying defensive.
S&P 500 is down 2.47% from its high to Friday's low in last seven trading days.......where it may find support depends on last second of deliberation......
50 DMA @ 1680.18.....it may be taken out easily IF there is no agreement.......after that we have to monitor closely if there is buying below 50 DMA......
Any weakness must be bought as we are entering strong Q4 on Tuesday.....
Buy any strong stock which has pulled back slightly from its highs......RSI 50 area is a very good entry point...many strong stocks are already in that buying zone namely NTES SINA YY QIHU AAPL LNKD TRIP GOOG CSOD RALY.....to name a few......
Good luck with political drama..same old same old ????
BLOG does NOT give buy or sell.
Thanks for clicking & checking BLOG advertisers.
Saleem
Friday, September 27, 2013
Indices closed down .15% to .46%.......
Indices closed down on shutdown worries.
S&P 500 @ 1691.75, low 1687.11
RSI @ 53.14
CMF @ 0.052
Internals were :
Down volume led by 2.84 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 2.07 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 77 in Nasdaq
VIX UP 9.96% @ 15.46
Oil @ $102.87
Gold @ $1339.20
Canadian $ @ 97.00
Stocks which closed green included AMCC FNSR JKS KOG MU
YHOO FB KORS TRLA TSLA M DNKN CSIQ SPWR
EXPE PCLN EBAY MA SBUX SLW Z MLNX.....
Sold ANR $6.09 BAC $13.91 CLF $20.94
Bought MU $17.81 KOG $11.96 & added 65% JCP @ $9.28
Portfolio weighting :
FNSR 22.45%
AMCC 21.24%
MU 18.49%
JCP 17.64%
KOG 10.74%
JKS 9.44%
Exposure 172%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1691.75, low 1687.11
RSI @ 53.14
CMF @ 0.052
Internals were :
Down volume led by 2.84 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 2.07 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 77 in Nasdaq
VIX UP 9.96% @ 15.46
Oil @ $102.87
Gold @ $1339.20
Canadian $ @ 97.00
Stocks which closed green included AMCC FNSR JKS KOG MU
YHOO FB KORS TRLA TSLA M DNKN CSIQ SPWR
EXPE PCLN EBAY MA SBUX SLW Z MLNX.....
Sold ANR $6.09 BAC $13.91 CLF $20.94
Bought MU $17.81 KOG $11.96 & added 65% JCP @ $9.28
Portfolio weighting :
FNSR 22.45%
AMCC 21.24%
MU 18.49%
JCP 17.64%
KOG 10.74%
JKS 9.44%
Exposure 172%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, September 26, 2013
Indices closed UP .35% to .70%....NICE !!!!
Indices finally closed green after five days of selling.
S&P 500 @ 1698.67, low 1693.11 made a higher low from yesterday of 1691.88.
RSI @ 56.71
CMF @ 0.045
Internals were :
UP volume led by 1.47 to 1 in NYSE & 1.84 to 1 in Nasdaq
Advancing stocks led by 1.73 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 107 in Nasdaq
VIX @ 14.25
Oil @ $103.03
Gold @ $1324.10
Stocks which were UP 1% or more included JKS
YY TSLA QIHU TCK M NFLX LNKD FB
KOG MU RDN YHOO TXTR DNKN
CMG AMZN HMC EBAY YUM
LVS WYNN BIDU PCLN V
GRPN KORS SPLK
SINA
AH Futures UP
AH Asian Market Mixed
AH Oil Down
AH Gold UP
About market, TAPE finally made it in the green @ close. Many stocks continue to make all time highs. This TAPE has rewarded strong stocks with institutional backing. Market has given higher & higher multiples to winners. Keep that strategy when looking @ next buys.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1698.67, low 1693.11 made a higher low from yesterday of 1691.88.
RSI @ 56.71
CMF @ 0.045
Internals were :
UP volume led by 1.47 to 1 in NYSE & 1.84 to 1 in Nasdaq
Advancing stocks led by 1.73 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 107 in Nasdaq
VIX @ 14.25
Oil @ $103.03
Gold @ $1324.10
Stocks which were UP 1% or more included JKS
YY TSLA QIHU TCK M NFLX LNKD FB
KOG MU RDN YHOO TXTR DNKN
CMG AMZN HMC EBAY YUM
LVS WYNN BIDU PCLN V
GRPN KORS SPLK
SINA
AH Futures UP
AH Asian Market Mixed
AH Oil Down
AH Gold UP
About market, TAPE finally made it in the green @ close. Many stocks continue to make all time highs. This TAPE has rewarded strong stocks with institutional backing. Market has given higher & higher multiples to winners. Keep that strategy when looking @ next buys.
BLOG does NOT give buy or sell.
Saleem
Indices UP .18% to .59%...NICE !!!!
Indices are showing very weak rebound.
S&P 500 @ 1695.14, low 1693.50
Internals are positive
Oil UP 20 cents
Gold Down $11.40
Canadian $ down 7 tick @ 96.81
VIX UP 1.71% @ 14.25
In my portfolio :
Sold AUY @ $10.45
Bought JCP @ $10.33
Portfolio ANR AMCC BAC CLF FNSR JCP JKS
Most stocks are UP
@ 2.14 following are red :
BAC FNSR AUY LEN TIF CF FFIV GG
KNDI WPRT RVBD CRUS LRCX
SNDK BRCM C CZR CSOD X
EGO SLW AEM MGA MS
Z GS AGU YELP
MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1695.14, low 1693.50
Internals are positive
Oil UP 20 cents
Gold Down $11.40
Canadian $ down 7 tick @ 96.81
VIX UP 1.71% @ 14.25
In my portfolio :
Sold AUY @ $10.45
Bought JCP @ $10.33
Portfolio ANR AMCC BAC CLF FNSR JCP JKS
Most stocks are UP
@ 2.14 following are red :
BAC FNSR AUY LEN TIF CF FFIV GG
KNDI WPRT RVBD CRUS LRCX
SNDK BRCM C CZR CSOD X
EGO SLW AEM MGA MS
Z GS AGU YELP
MLNX....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 25, 2013
Indices closed down .19% to .40%......
Indices closed down again on political wrangling.
S&P 500 @ 1692.77, low 1691.88
RSI @ 54.28
CMF @ 0.047
Internals were :
UP volume led by .96 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & 125 in Nasdaq
VIX Down .50% @ 14.01
Oil @ $102.66
Gold @ $1336.20
Stocks which were UP 1% or more included ANR JKS AUY
KNDI YY TSLA TCK LEN FB SINA RDN CF CSIQ
SU FFIV GG LRCX CSOD X EGO SLW AEM
SPWR YELP MLNX.....
AH ER BBBY UP 6.37%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, S&P 500 have closed down for five straight days. Dow is below 50 DMA which is not a good thing technically speaking. S&P 500 is 2.2% lower from high. All this weakness is giving buying opportunities & strong leadership is visible also. We have three trading days left for month end & quarter end window dressing which may change the tone of this TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1692.77, low 1691.88
RSI @ 54.28
CMF @ 0.047
Internals were :
UP volume led by .96 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & 125 in Nasdaq
VIX Down .50% @ 14.01
Oil @ $102.66
Gold @ $1336.20
Stocks which were UP 1% or more included ANR JKS AUY
KNDI YY TSLA TCK LEN FB SINA RDN CF CSIQ
SU FFIV GG LRCX CSOD X EGO SLW AEM
SPWR YELP MLNX.....
AH ER BBBY UP 6.37%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, S&P 500 have closed down for five straight days. Dow is below 50 DMA which is not a good thing technically speaking. S&P 500 is 2.2% lower from high. All this weakness is giving buying opportunities & strong leadership is visible also. We have three trading days left for month end & quarter end window dressing which may change the tone of this TAPE.
BLOG does NOT give buy or sell.
Saleem
Indices down .02% to .27%......
Indices are lower due to poor business trend in retail sector.
S&P 500 @ 1695.69, low 1691.88
Internals are positive
Oil Down 61 cents
Gold UP $18.70
Canadian $ Down 8 tick @ 96.92
VIX UP .28 @ 14.12
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Most stocks are UP
@ 2.18 following are red :
AMCC FNSR LULU QIHU JCP M GMCR
TIF AAPL KORS TXTR DNKN EXPE
BBRY CMG AMZN EBAY YUM
LVS COH PCLN MA GOOG
V WPRT CRUS JDSU
ARUN RALY MCD
SBUX MGA Z
GS
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1695.69, low 1691.88
Internals are positive
Oil Down 61 cents
Gold UP $18.70
Canadian $ Down 8 tick @ 96.92
VIX UP .28 @ 14.12
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Most stocks are UP
@ 2.18 following are red :
AMCC FNSR LULU QIHU JCP M GMCR
TIF AAPL KORS TXTR DNKN EXPE
BBRY CMG AMZN EBAY YUM
LVS COH PCLN MA GOOG
V WPRT CRUS JDSU
ARUN RALY MCD
SBUX MGA Z
GS
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 24, 2013
Indices closed mixed.....
Indices were mixed @ close with Nasdaq being UP.
S&P 500 @ 1697.42, low 1694.90
RSI @ 56.60
CMF @ 0.042
Internals were :
UP volume led by .92 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 143 in Nasdaq
VIX Down 1.61% @ 14.08
Oil @ $103.13
Gold @ $1316.30
Stocks which were UP 1% or more included AMCC JKS
LEN NFLX LNKD FB RDN YHOO CSIQ LVS
CRUS LRCX SNDK CIEN RALY SBUX
X SPWR RELA YELP MLNX KNDI....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
About market, S&P 500 @ low today was down 2.02% in four trading days in a row. Internals were extremely healthy even though we closed near low of the day. This selling looks very tired & a strong snap back is overdue. It is extremely important to take advantage of any pullback IF your exposure is low.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1697.42, low 1694.90
RSI @ 56.60
CMF @ 0.042
Internals were :
UP volume led by .92 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 143 in Nasdaq
VIX Down 1.61% @ 14.08
Oil @ $103.13
Gold @ $1316.30
Stocks which were UP 1% or more included AMCC JKS
LEN NFLX LNKD FB RDN YHOO CSIQ LVS
CRUS LRCX SNDK CIEN RALY SBUX
X SPWR RELA YELP MLNX KNDI....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
About market, S&P 500 @ low today was down 2.02% in four trading days in a row. Internals were extremely healthy even though we closed near low of the day. This selling looks very tired & a strong snap back is overdue. It is extremely important to take advantage of any pullback IF your exposure is low.
BLOG does NOT give buy or sell.
Saleem
Indices UP .10% to .57%.....NICE !!!!!
Indices are showing green as Russell 2000 is @ all time high.
S&P 500 @ 1706.06, low 1694.90
Internals are positive
Oil Down 45 cents
Gold Down $3.60
Canadian $ Down 15 tick @ 97.10
VIX Down 3.77% @ 13.77
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Most stocks are UP
@ 2.14 following are red :
ANR BBRY NTES YY AGU POT JCP M
KORS DNKN SU FFIV V GRPN
WPRT BRCM C ARUN EGO
CCJ GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1706.06, low 1694.90
Internals are positive
Oil Down 45 cents
Gold Down $3.60
Canadian $ Down 15 tick @ 97.10
VIX Down 3.77% @ 13.77
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Most stocks are UP
@ 2.14 following are red :
ANR BBRY NTES YY AGU POT JCP M
KORS DNKN SU FFIV V GRPN
WPRT BRCM C ARUN EGO
CCJ GS.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 23, 2013
Indices closed down .25% to .47%.......
Indices were down again for third day.
S&P 500 @ 1701.84, low 1697.10
RSI @ 58.83
CMF @ 0.040
Internals were :
Down volume led by 2.07 to 1 in NYSE & 2.09 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 43 in NYSE & 92 in Nasdaq
VIX UP 9.07% @ 14.31
Oil @ $103.59
Gold @ $1327.00
AH ER RHT Down 8.05%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, S&P 500 @ low today was down 1.89%. Today's selling was on low volume & internals were mixed, which is a good thing. Roubini is bullish on US stocks. We have a very good chance of closing in green on Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1701.84, low 1697.10
RSI @ 58.83
CMF @ 0.040
Internals were :
Down volume led by 2.07 to 1 in NYSE & 2.09 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 43 in NYSE & 92 in Nasdaq
VIX UP 9.07% @ 14.31
Oil @ $103.59
Gold @ $1327.00
AH ER RHT Down 8.05%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, S&P 500 @ low today was down 1.89%. Today's selling was on low volume & internals were mixed, which is a good thing. Roubini is bullish on US stocks. We have a very good chance of closing in green on Tuesday.
BLOG does NOT give buy or sell.
Saleem
Indices down .21% to .39%.....
TAPE is trying to overcome morning weakness.
S&P 500 @ 1703.27, low 1697.10
Internals are negative
Oil Down $1.17
Gold Down $6.40
Canadian $ UP 17 tick @ 97.26
VIX UP 8% @ 14.17
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Most stocks are red
@ 2.18 following are green :
ANR JKS AUY BBRY TCK POT M AAPL KOG
CMG SU BIDU GG WPRT CRUS LRCX
MCD X STLD SLW AEM MA MGA
WLT WYNN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1703.27, low 1697.10
Internals are negative
Oil Down $1.17
Gold Down $6.40
Canadian $ UP 17 tick @ 97.26
VIX UP 8% @ 14.17
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Most stocks are red
@ 2.18 following are green :
ANR JKS AUY BBRY TCK POT M AAPL KOG
CMG SU BIDU GG WPRT CRUS LRCX
MCD X STLD SLW AEM MA MGA
WLT WYNN.....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 22, 2013
Technicians waiting for day three of selling ?
Technicians as a group are one of the most "panicky & short sighted"......
We had a quad witching, rebalancing, too may fed officials on "yak mode"..plus we had a great run on Wednesday when we had a "breakout" to new all time highs......
BUT...technicians are ignoring any "bullish technicals" & are hitting "panic button"
They are all afraid of Monday as the third day of selling.......
Technicians are citing that bulls are @ 42.3% & bears are @ 21.61% as a reason for pullback......
They are also fixated on our national pastime of US government shutdown for the 17th time.....that comes in 6 trading days....
SO..we got a "cocktail Mix" of daily Fed yak, Politicians yak......which is going to kill this "bull market" for now ?
Bull market is impacted by "surprise"...NOT by routine & predictable behavior.....
Fed officials "love to CONTRADICT" Ben Bernanke & create their own Fed policy......that is how they get "routine TV coverage"
US politicians are "paid to shut down US government"...not to keep it going in any direction.....
BUT...there is hope for "contrarians".....
-There is an ongoing strong bull market which defies all negative predictions...
-There is "month end buying @ hand"
-Angela Merkel wins German election....
Pullbacks are healthy, it sets up nicely for another strong run.......
SO...sit back & relax.....this strong bull market is far from over...it may go down in history as the "biggest sustained bull market for decade"
Based on my read...we are only half way in this amazing run.........Five more years to go !!!!!
BLOG does NOT give buy or sell.
Saleem
We had a quad witching, rebalancing, too may fed officials on "yak mode"..plus we had a great run on Wednesday when we had a "breakout" to new all time highs......
BUT...technicians are ignoring any "bullish technicals" & are hitting "panic button"
They are all afraid of Monday as the third day of selling.......
Technicians are citing that bulls are @ 42.3% & bears are @ 21.61% as a reason for pullback......
They are also fixated on our national pastime of US government shutdown for the 17th time.....that comes in 6 trading days....
SO..we got a "cocktail Mix" of daily Fed yak, Politicians yak......which is going to kill this "bull market" for now ?
Bull market is impacted by "surprise"...NOT by routine & predictable behavior.....
Fed officials "love to CONTRADICT" Ben Bernanke & create their own Fed policy......that is how they get "routine TV coverage"
US politicians are "paid to shut down US government"...not to keep it going in any direction.....
BUT...there is hope for "contrarians".....
-There is an ongoing strong bull market which defies all negative predictions...
-There is "month end buying @ hand"
-Angela Merkel wins German election....
Pullbacks are healthy, it sets up nicely for another strong run.......
SO...sit back & relax.....this strong bull market is far from over...it may go down in history as the "biggest sustained bull market for decade"
Based on my read...we are only half way in this amazing run.........Five more years to go !!!!!
BLOG does NOT give buy or sell.
Saleem
Friday, September 20, 2013
Indices closed down .39% to 1.19%.....
Indices were given a jolt of taper by October, by Fed Governor & another called it a mistake of delaying taper. That resulted in selling form start to finish & indices closed near low of the day, Quad witching did not help either.
S&P 500 @ 1709.91, low 1708.89
RSI @ 63.02
CMF @ 0.089
Internals were :
Down volume led by 4.22 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & 162 in Nasdaq
VIX @ 13.12
Oil @ $104.75
Gold @ $1332.50
Canadian $ @ 97.03
Stocks which closed green included AMCC JKS
LULU TSLA POT NFLX FB KOG MU
CF TXTR AMZN EBAY FFIV V
PCLN GOOG GRPN RALY
WYNN GS......
Portfolio weighting :
AUY 20.33%
FNSR 17.60%
AMCC 16.61%
CLF 16.32%
BAC 13.40%
ANR 10.10%
JKS 5.64%
Exposure 172%
Next post by 2 pm Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1709.91, low 1708.89
RSI @ 63.02
CMF @ 0.089
Internals were :
Down volume led by 4.22 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & 162 in Nasdaq
VIX @ 13.12
Oil @ $104.75
Gold @ $1332.50
Canadian $ @ 97.03
Stocks which closed green included AMCC JKS
LULU TSLA POT NFLX FB KOG MU
CF TXTR AMZN EBAY FFIV V
PCLN GOOG GRPN RALY
WYNN GS......
Portfolio weighting :
AUY 20.33%
FNSR 17.60%
AMCC 16.61%
CLF 16.32%
BAC 13.40%
ANR 10.10%
JKS 5.64%
Exposure 172%
Next post by 2 pm Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, September 19, 2013
Indices closed mixed.....
Indices closed mixed digesting gains of yesterday.
S&P 500 @ 1722.34, high 1729.86, low 1720.20
RSI @ 70.18
CMF @ 0.194
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 311 in in NYSE & 198 in Nasdaq
VIX Down 3.16% @ 13.16
Oil @ $106.39
Gold @ $1369.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was digesting yesterday's gains. I expect TAPE to continue to show its strength in near term. 1750 in S&P 500 is doable in this run. It is smart to continue booking gains & rotate into lower RSI stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1722.34, high 1729.86, low 1720.20
RSI @ 70.18
CMF @ 0.194
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 311 in in NYSE & 198 in Nasdaq
VIX Down 3.16% @ 13.16
Oil @ $106.39
Gold @ $1369.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was digesting yesterday's gains. I expect TAPE to continue to show its strength in near term. 1750 in S&P 500 is doable in this run. It is smart to continue booking gains & rotate into lower RSI stocks.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed after a huge run yesterday.
S&P 500 @ 1722.23, high 1729.86
Internals are negative
Oil Down $1.45
Gold UP $58.40
Canadian $ Down 39 tick @ 97.44
VIX Down 2.21% @ 13.29
In my portfolio :
Bought JKS @ 16.76
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Exposure 172%
Most stocks are down
@ 2.29 following are green :
NTES YY TSLA QIHU AAPL FB SINA
KORS YHOO CSIQ BBRY LVS
BIDU V GRPN RALY CSOD
X MGA WLT TRLA
WYNN
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1722.23, high 1729.86
Internals are negative
Oil Down $1.45
Gold UP $58.40
Canadian $ Down 39 tick @ 97.44
VIX Down 2.21% @ 13.29
In my portfolio :
Bought JKS @ 16.76
Portfolio ANR AMCC BAC CLF FNSR JKS AUY
Exposure 172%
Most stocks are down
@ 2.29 following are green :
NTES YY TSLA QIHU AAPL FB SINA
KORS YHOO CSIQ BBRY LVS
BIDU V GRPN RALY CSOD
X MGA WLT TRLA
WYNN
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 18, 2013
Indices closed UP .95% to 1.22%.....NICE !!!!
Indices closed UP on Fed surprise of "no taper"
S&P 500 @ 1725.20, high 1729.44
RSI @ 72.13
CMF @ 0.197
Internals were :
UP volume led by 7.60 to 1 in NYSE & 3.20 to 1 in Nasdaq
Advancing stocks led by 6.01 to 1 in NYSE & 1.86 to 1 in Nasdaq
Net new 52 wk highs were leading by 285 in NYSE & 214 in Nasdaq
VIX Down 6.47% @ 13.59
Oil @ $108.07
Gold @ $1307.60
Stocks which were UP 2% or more included ANR CLF AUY
LULU YY TCK LEN NFLX AMZN AAPL SINA MU
CF CSIQ EXPE HMC PCLN GG ARUN CRUS X
EGO SLW AEM SPWR WLT TRLA YELP....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
About market, Fed gave market "the biggest surprise of no taper". TAPE was super strong on high volume. Internals improved. Based on RSI booking of profit should be a very high priority, we are going to get "overbought" shortly. Keep RSI in focus in any switch.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1725.20, high 1729.44
RSI @ 72.13
CMF @ 0.197
Internals were :
UP volume led by 7.60 to 1 in NYSE & 3.20 to 1 in Nasdaq
Advancing stocks led by 6.01 to 1 in NYSE & 1.86 to 1 in Nasdaq
Net new 52 wk highs were leading by 285 in NYSE & 214 in Nasdaq
VIX Down 6.47% @ 13.59
Oil @ $108.07
Gold @ $1307.60
Stocks which were UP 2% or more included ANR CLF AUY
LULU YY TCK LEN NFLX AMZN AAPL SINA MU
CF CSIQ EXPE HMC PCLN GG ARUN CRUS X
EGO SLW AEM SPWR WLT TRLA YELP....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
About market, Fed gave market "the biggest surprise of no taper". TAPE was super strong on high volume. Internals improved. Based on RSI booking of profit should be a very high priority, we are going to get "overbought" shortly. Keep RSI in focus in any switch.
BLOG does NOT give buy or sell.
Saleem
Indices UP .77% to .1.07%.......NICE !!!!
Fed said "no to taper" as US economy is struggling & needs continued support, only one voted against this.
S&P 500 @ 1719.18 new all time high...highest level so far today is 1721.82
Internals are mostly positive
Oil UP $2.23
Gold UP $36.10
Canadian $ UP 49 tick @ 97.55
VIX Down 8.12% @ 13.35
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are UP
@ 2.19 following are red :
KORS NTES TSLA JKS JCP GMCR FB
DNKN BBRY EBAY COH WPRT
RALY CCJ.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1719.18 new all time high...highest level so far today is 1721.82
Internals are mostly positive
Oil UP $2.23
Gold UP $36.10
Canadian $ UP 49 tick @ 97.55
VIX Down 8.12% @ 13.35
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are UP
@ 2.19 following are red :
KORS NTES TSLA JKS JCP GMCR FB
DNKN BBRY EBAY COH WPRT
RALY CCJ.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 17, 2013
Indices closed UP .23% to .75%....NICE !!!!
Indices closed UP ahead of Fed decision.
S&P 500 @ 1704.76, high 1705.52...all time high 1709.67
RSI @ 66.50
CMF @ 0.151...highest level in a month.....
Internals were :
UP volume led by 2.65 to 1 in NYSE & 3.45 to 1 in Nasdaq
Advancing stocks led by 2.05 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 114 in Nasdaq
VIX UP 1.04% @ 14.53
Oil @ $105.42
Gold @ $1309.40
Stocks which were UP 1% or more included
ANR AMCC CLF FNSR AUY
KOG CIEN TCK AMZN RALY GMCR SBUX C STLD EGO SLW
GG AEM MA V LNKD SINA WLT Z MU YELP YY QIHU
TIF FB RDN YHOO DNKN BBRY EBAY AAPL GRPN
CRUS BECM JDSU......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, it is all about Fed tapering decision, looks like $15 billion cut may be the start. Market has digested $10 billion, $15 Billion may get reaction initially but after Thursday morning quarter backing everything should be acceptable. Please do not react to the reaction by the super computers....they may not be ready for $15 billion cut. Follow your own investing / trading thesis.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1704.76, high 1705.52...all time high 1709.67
RSI @ 66.50
CMF @ 0.151...highest level in a month.....
Internals were :
UP volume led by 2.65 to 1 in NYSE & 3.45 to 1 in Nasdaq
Advancing stocks led by 2.05 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 114 in Nasdaq
VIX UP 1.04% @ 14.53
Oil @ $105.42
Gold @ $1309.40
Stocks which were UP 1% or more included
ANR AMCC CLF FNSR AUY
KOG CIEN TCK AMZN RALY GMCR SBUX C STLD EGO SLW
GG AEM MA V LNKD SINA WLT Z MU YELP YY QIHU
TIF FB RDN YHOO DNKN BBRY EBAY AAPL GRPN
CRUS BECM JDSU......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, it is all about Fed tapering decision, looks like $15 billion cut may be the start. Market has digested $10 billion, $15 Billion may get reaction initially but after Thursday morning quarter backing everything should be acceptable. Please do not react to the reaction by the super computers....they may not be ready for $15 billion cut. Follow your own investing / trading thesis.
BLOG does NOT give buy or sell.
Saleem
Indices UP .38% to .64%.....NICE !!!!!
Indices are UP in anticipation of moderate cutback by Fed.
S&P 500 @ 1704.83, high so far 1705.24 & all time 1709.67
Internals are positive
Oil Down $1.43
Gold Down $8.70
Canadian $ UP 25 tick @ 97.14
VIX UP .56% @ 14.46
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are UP
@ 1.12 following are red :
BAC LULU NTES JKS AGU POT NFLX
YHOO TXTR HMC SU GOOG ARUN
LRCX SNDK SPWR TRLA GS
MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1704.83, high so far 1705.24 & all time 1709.67
Internals are positive
Oil Down $1.43
Gold Down $8.70
Canadian $ UP 25 tick @ 97.14
VIX UP .56% @ 14.46
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are UP
@ 1.12 following are red :
BAC LULU NTES JKS AGU POT NFLX
YHOO TXTR HMC SU GOOG ARUN
LRCX SNDK SPWR TRLA GS
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 16, 2013
Indices closed mixed......
Indices closed mixed due to AAPL weakness.
S&P 500 @ 1697.60, high 1704.95
RSI @ 64.18
CMF @ 0.068
Internals were :
UP volume led by 2.28 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 2.14 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 164 in Nasdaq
VIX UP 1.55% @ 14.38
Oil @ $106.59
Gold @ $1317.80
Stocks which were UP 1% or more included LULU
NTES AGU POT MU YHOO CF CSIQ C
EXPE BRCM SPWR MGA MS GS...
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE stayed resilient until close despite leaders were weak in Nasdaq. I expect S&P 500 to make a new high in this run. Internals remained healthy.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1697.60, high 1704.95
RSI @ 64.18
CMF @ 0.068
Internals were :
UP volume led by 2.28 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 2.14 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 164 in Nasdaq
VIX UP 1.55% @ 14.38
Oil @ $106.59
Gold @ $1317.80
Stocks which were UP 1% or more included LULU
NTES AGU POT MU YHOO CF CSIQ C
EXPE BRCM SPWR MGA MS GS...
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE stayed resilient until close despite leaders were weak in Nasdaq. I expect S&P 500 to make a new high in this run. Internals remained healthy.
BLOG does NOT give buy or sell.
Saleem
Indices UP .06% to .88%..... NICE !!!
Indices are UP on Syrian agreement & Summers withdrawal form Fed Chief consideration.
S&P 500 @ 1698.69, high 1704.95
Internals are positive.
Oil Down $1.30
Gold UP $7.30
Canadian $ UP 31 tick @ 96.91
VIX Down .07% @ 14.15
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are UP
@ 2.15 following are red :
ANR FNSR AUY YY QIHU JKS JCP NFLX
LNKD AMZN AAPL FB SINA CMG
EBAY FFIV GG GOOG GRPN
WPRT ARUN CRUS RALY
SBUX SLW TRLA
MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1698.69, high 1704.95
Internals are positive.
Oil Down $1.30
Gold UP $7.30
Canadian $ UP 31 tick @ 96.91
VIX Down .07% @ 14.15
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are UP
@ 2.15 following are red :
ANR FNSR AUY YY QIHU JKS JCP NFLX
LNKD AMZN AAPL FB SINA CMG
EBAY FFIV GG GOOG GRPN
WPRT ARUN CRUS RALY
SBUX SLW TRLA
MLNX....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 15, 2013
Finally.... Fed may focus on action.......
Fed has been articulating since May 22nd that they may have to curtail bond buying IF economy improves. Fed also have been contradicting repeatedly that it is not imminent. Now comes the "crunch time on Wednesday" ......
Wednesday most analyst are predicting $10 billion cutback in bond buying, if this is the decision then it is fully discounted in the market.......
Many Money Managers are bearish on the market for the month of September, many retail traders are also being cautious & are either "underexposed" or are buying protection......
This Strong bull market has fooled most of the investors & traders most of the time by being "highly resilient"...so i will not bet against this TAPE....Fed or no Fed decision.....
It has been "highly prudent" to be bullish than being skeptical or bearish.....where is Doug Kass & Robert Prechter now on their "constant bearish calls"
Jimmy the Cramer "the all knowing" is also preaching "caution......
I am glad that pundits are being cautious because skepticism fuels future rallies.....
Technicians are saying that there is "major resistance around "1700 to 1710"...so based on close of 1687.99....there is barely 12 points left in this rally......i beg to differ strongly.......
I personally believe that we are heading towards a series of new highs with "minor digestive process"
I also believe that World Economies have "reacted to Fed tightening already"
SO...buy any weakness...as we are heading "much higher"
Here is my portfolio weighting :
AUY 21.55%
FNSR 18.47%
CLF 17.50%
AMCC 17.36%
BAC 14.36%
ANR 10.76%
Exposure 167%
BLOG does NOT give buy or sell.
Saleem
Wednesday most analyst are predicting $10 billion cutback in bond buying, if this is the decision then it is fully discounted in the market.......
Many Money Managers are bearish on the market for the month of September, many retail traders are also being cautious & are either "underexposed" or are buying protection......
This Strong bull market has fooled most of the investors & traders most of the time by being "highly resilient"...so i will not bet against this TAPE....Fed or no Fed decision.....
It has been "highly prudent" to be bullish than being skeptical or bearish.....where is Doug Kass & Robert Prechter now on their "constant bearish calls"
Jimmy the Cramer "the all knowing" is also preaching "caution......
I am glad that pundits are being cautious because skepticism fuels future rallies.....
Technicians are saying that there is "major resistance around "1700 to 1710"...so based on close of 1687.99....there is barely 12 points left in this rally......i beg to differ strongly.......
I personally believe that we are heading towards a series of new highs with "minor digestive process"
I also believe that World Economies have "reacted to Fed tightening already"
SO...buy any weakness...as we are heading "much higher"
Here is my portfolio weighting :
AUY 21.55%
FNSR 18.47%
CLF 17.50%
AMCC 17.36%
BAC 14.36%
ANR 10.76%
Exposure 167%
BLOG does NOT give buy or sell.
Saleem
Friday, September 13, 2013
Indices closed UP .17% to .49%.....NICE !!!!
Indices ignored below expectations data on Retail & Consumer sentiment & closed UP.
S&P 500 @ 1687.99, high 1688.73
RSI @ 60.79
CMF @ 0.051..green after four weeks???
Internals were :
UP volume led by 1.71 to 1 in NYSE & 1.50 to 1 in Nasdaq
Advancing stocks led by 1.62 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & 69 in Nasdaq
VIX Down .91% @ 14.16
Oil @ $108.21
Gold @ $1308.60
Canadian $ @ 96.59
Stocks which were UP 1% or more included AMCC AUY
LULU JKS TSL AGU POT M NFLX RDN DNKN
CSIQ LVS FFIV COH V CRUS SNDK CIEN
RALY EGO SLW GG AEM SPWR MGA
TRLA.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1687.99, high 1688.73
RSI @ 60.79
CMF @ 0.051..green after four weeks???
Internals were :
UP volume led by 1.71 to 1 in NYSE & 1.50 to 1 in Nasdaq
Advancing stocks led by 1.62 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & 69 in Nasdaq
VIX Down .91% @ 14.16
Oil @ $108.21
Gold @ $1308.60
Canadian $ @ 96.59
Stocks which were UP 1% or more included AMCC AUY
LULU JKS TSL AGU POT M NFLX RDN DNKN
CSIQ LVS FFIV COH V CRUS SNDK CIEN
RALY EGO SLW GG AEM SPWR MGA
TRLA.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, September 12, 2013
Indices closed down .17% to .34%......
Indices were under mild profit taking on politics & Syria uncertainty.
S&P 500 @ 1683.42, low 1681.96
RSI @ 59.09
CMF @ -0.025
Internals were :
Down volume led by 2.48 to 1 in NYSE & 2.11 to 1 in Nasdaq
Declining stocks led by 2.14 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & 113 in Nasdaq
VIX UP 3.40% @ 14.29
Oil @ $108.60
Gold @ $1330.60
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, after seven straight UP session in S&P 500, we had a 0.34% pullback. Pullbacks are healthy in a strong bull market, it offers a chance to buy stocks when they are down a bit, also gives a chance to switch stocks based on relative strength or weakness. Fed & Syria remains in focus & traders may feel uncertainty based on unknown. It is important to book gains & re-position on any weakness.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1683.42, low 1681.96
RSI @ 59.09
CMF @ -0.025
Internals were :
Down volume led by 2.48 to 1 in NYSE & 2.11 to 1 in Nasdaq
Declining stocks led by 2.14 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & 113 in Nasdaq
VIX UP 3.40% @ 14.29
Oil @ $108.60
Gold @ $1330.60
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, after seven straight UP session in S&P 500, we had a 0.34% pullback. Pullbacks are healthy in a strong bull market, it offers a chance to buy stocks when they are down a bit, also gives a chance to switch stocks based on relative strength or weakness. Fed & Syria remains in focus & traders may feel uncertainty based on unknown. It is important to book gains & re-position on any weakness.
BLOG does NOT give buy or sell.
Saleem
Indices down .02% to .17%....
Politicians are back on focus in capitol Hill, indices are trying to ignore their partisanship.
S&P 500 @ 1686.54, high 1689.97, low 1682.30
Internals are negative
Oil UP$1.25
Gold Down $34.40
Canadian $ Down 8 tick @ 96.87
VIX UP 1.52% @ 14.03
In my portfolio :
Sold TXTR @ $39.86
Bought ANR @ $6.44
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are down
@ 2.09 following are green :
FNSR NTES TSLA AGU LEN TIF AMZN AAPL
SINA YHOO RALY CSOD LRCX HLF SU
YUM MA GRPN ARUN CIEN NVDA
SBUX ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1686.54, high 1689.97, low 1682.30
Internals are negative
Oil UP$1.25
Gold Down $34.40
Canadian $ Down 8 tick @ 96.87
VIX UP 1.52% @ 14.03
In my portfolio :
Sold TXTR @ $39.86
Bought ANR @ $6.44
Portfolio ANR AMCC BAC CLF FNSR AUY
Most stocks are down
@ 2.09 following are green :
FNSR NTES TSLA AGU LEN TIF AMZN AAPL
SINA YHOO RALY CSOD LRCX HLF SU
YUM MA GRPN ARUN CIEN NVDA
SBUX ....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 11, 2013
Indices closed mixed......
Dow & S&P 500 closed @ absolute high of the day.
S&P 500 @ 1689.13
RSI @ 62.23
RSI @ -0.035
Internals were :
UP volume led by 1.58 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & .93 to 1 in Nasdaq
Net new 52 wk highs were leading by 112 in NYSE & 152 in Nasdaq
VIX Down 4.89% @ 13.82
Oil @ $107.56
Gold @ $1363.80
Stocks which closed UP 1% or more included AUY
NTES LEN QIHU GMCR LNKD FB KOG
MU KORS CMG SU EBAY BIDU FFIV
GG MA GRPN ARUN NVDA SBUX
X STLD SLW TRLA Z WYNN
YELP.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong despite AAPL product / pricing reaction. It is important to keep booking profit & come up with new ideas. Market is getting near top of its range & may stall there or pullback. Fed taper focus may dictate TAPE action for several days.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1689.13
RSI @ 62.23
RSI @ -0.035
Internals were :
UP volume led by 1.58 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & .93 to 1 in Nasdaq
Net new 52 wk highs were leading by 112 in NYSE & 152 in Nasdaq
VIX Down 4.89% @ 13.82
Oil @ $107.56
Gold @ $1363.80
Stocks which closed UP 1% or more included AUY
NTES LEN QIHU GMCR LNKD FB KOG
MU KORS CMG SU EBAY BIDU FFIV
GG MA GRPN ARUN NVDA SBUX
X STLD SLW TRLA Z WYNN
YELP.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong despite AAPL product / pricing reaction. It is important to keep booking profit & come up with new ideas. Market is getting near top of its range & may stall there or pullback. Fed taper focus may dictate TAPE action for several days.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
AAPL is dragging Nasdaq while Dow & S&P 500 near high of the day.
S&P 500 @ 1687.10, high so far 1688.13
Internals are positive
Oil UP 47 cents
Gold UP 30 cents
Canadian $ UP 29 tick @ 96.92
VIX Down 4.27% @ 13.91
In my portfolio :
Sold ANR @ $6.79
Bought AMCC @ $12.90
Portfolio AMCC BAC CLF FNSR TXTR AUY
Most stocks are UP
@ 2.18 following are red :
CLF FNSR TSLA JKS SPWR AGU POT
M JCP NFLX AMZN AAPL ANR
RDN YHOO CSIQ LULU HMC
BBRY RVBD CRUS LRCX
BRCM CIEN JDSU C
EGO AEM MGA
WLT GS
MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1687.10, high so far 1688.13
Internals are positive
Oil UP 47 cents
Gold UP 30 cents
Canadian $ UP 29 tick @ 96.92
VIX Down 4.27% @ 13.91
In my portfolio :
Sold ANR @ $6.79
Bought AMCC @ $12.90
Portfolio AMCC BAC CLF FNSR TXTR AUY
Most stocks are UP
@ 2.18 following are red :
CLF FNSR TSLA JKS SPWR AGU POT
M JCP NFLX AMZN AAPL ANR
RDN YHOO CSIQ LULU HMC
BBRY RVBD CRUS LRCX
BRCM CIEN JDSU C
EGO AEM MGA
WLT GS
MLNX....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 10, 2013
Indices closed UP .62% to .85%.....NICE !!!!
Indices closed near highs of the day again.
S&P 500 @ 1683.99, high 1684.09
RSI @ 60.47
CMF @ -0.058
Internals were :
UP volume led by 2.82 to 1 in NYSE & 2.30 to 1 in Nasdaq
Advancing stocks led by 1.97 to 1 in both NYSE & Nasdaq
Net new 52 wk highs were leading by 171 in NYSE & 183 in Nasdaq
VIX Down 7.04% @ 14.53
Oil @ $107.39
Gold @ $1364.00
Stocks which were UP 1% or more included ANR CLF FNSR
MU AMCC NTES TSLA QIHU SPWR AGU POT KOG
NFLX LNKD SINA RDN DNKN EXPE CMG EBAY
LVS WYNN BIDU FFIV PCLN MA V RVBD X
STLD LRCX SNDK CIEN JDSU C MS Z GS
YELP NVDA SBUX .....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Based on RSI easy money has been made in this run, expect consolidation of gains & pullbacks. Strongly suggest booking gains, as we have moved UP 3.48% in eight trading days.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1683.99, high 1684.09
RSI @ 60.47
CMF @ -0.058
Internals were :
UP volume led by 2.82 to 1 in NYSE & 2.30 to 1 in Nasdaq
Advancing stocks led by 1.97 to 1 in both NYSE & Nasdaq
Net new 52 wk highs were leading by 171 in NYSE & 183 in Nasdaq
VIX Down 7.04% @ 14.53
Oil @ $107.39
Gold @ $1364.00
Stocks which were UP 1% or more included ANR CLF FNSR
MU AMCC NTES TSLA QIHU SPWR AGU POT KOG
NFLX LNKD SINA RDN DNKN EXPE CMG EBAY
LVS WYNN BIDU FFIV PCLN MA V RVBD X
STLD LRCX SNDK CIEN JDSU C MS Z GS
YELP NVDA SBUX .....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Based on RSI easy money has been made in this run, expect consolidation of gains & pullbacks. Strongly suggest booking gains, as we have moved UP 3.48% in eight trading days.
BLOG does NOT give buy or sell.
Saleem
Indices UP .51% to .71%...NICE !!!!
Indices are UP on Chinese data & Obama war less likely.
S&P 500 @ 1682.09, high 1683.77
Internals are positive
Oil Down $2.54
Gold Down $21.80
Canadian $ UP 21 tick @ 96.61
VIX Down 5.69% @ 14.74
In my portfolio :
Sold MU @ $16.49
Bought TXTR @ $40.20.....Stocktrader convinced me in this 50% margin only
Portfolio ANR BAC CLF FNSR TXTR AUY
Most stocks are UP
@ 2.13 following are red :
AUY TXTR JKS JCP M LEN GMCR
AMZN AAPL FB KORS CSIQ
LULU BBRY SU GG GOOG
GRPN CRUS BRCM EGO
SLW AEM ECA WLT
TRLA......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1682.09, high 1683.77
Internals are positive
Oil Down $2.54
Gold Down $21.80
Canadian $ UP 21 tick @ 96.61
VIX Down 5.69% @ 14.74
In my portfolio :
Sold MU @ $16.49
Bought TXTR @ $40.20.....Stocktrader convinced me in this 50% margin only
Portfolio ANR BAC CLF FNSR TXTR AUY
Most stocks are UP
@ 2.13 following are red :
AUY TXTR JKS JCP M LEN GMCR
AMZN AAPL FB KORS CSIQ
LULU BBRY SU GG GOOG
GRPN CRUS BRCM EGO
SLW AEM ECA WLT
TRLA......
BLOG does NOT give buy or sell.
Saleem
Monday, September 9, 2013
Indices closed UP .94% to 1.26%.....NICE !!!
Indices closed near high of the day.
S&P 500 @ 1671.71, high 1672.40
RSI @ 55.93
CMF @ -0.101
Internals were :
UP volume led by 7.44 to 1 in NYSE & 6.88 to 1 in Nasdaq
Advancing stocks led by 4.03 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 124 in NYSE & 131 in Nasdaq
VIX Down 1.39% @ 15.63
Oil @ $109.52
Gold @ $1386.70
Stocks which were UP by 2% or more included ANR CLF MU
AMCC QIHU TCK JKS SPWR AGU POT LEN GMCR
YHOO CSIQ LULU BBRY HMC LVS GRPN X
WPRT ARUN MOS STLD MS WLT TRLA.....
AH ER PANW UP 2.58%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, after close IBD saying that "market in confirmed uptrend". Ralph Acompora predicting major correction till end of October, he "clearly sees 12000 in Dow". Nasdaq is @ new high in 13 years, so leadership has shifted to Technology. S&P 500 is also above 50 DMA after 12 trading days. When others are getting bullish it is important to plan "exit strategy"......before long we may be overbought again.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1671.71, high 1672.40
RSI @ 55.93
CMF @ -0.101
Internals were :
UP volume led by 7.44 to 1 in NYSE & 6.88 to 1 in Nasdaq
Advancing stocks led by 4.03 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 124 in NYSE & 131 in Nasdaq
VIX Down 1.39% @ 15.63
Oil @ $109.52
Gold @ $1386.70
Stocks which were UP by 2% or more included ANR CLF MU
AMCC QIHU TCK JKS SPWR AGU POT LEN GMCR
YHOO CSIQ LULU BBRY HMC LVS GRPN X
WPRT ARUN MOS STLD MS WLT TRLA.....
AH ER PANW UP 2.58%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, after close IBD saying that "market in confirmed uptrend". Ralph Acompora predicting major correction till end of October, he "clearly sees 12000 in Dow". Nasdaq is @ new high in 13 years, so leadership has shifted to Technology. S&P 500 is also above 50 DMA after 12 trading days. When others are getting bullish it is important to plan "exit strategy"......before long we may be overbought again.
BLOG does NOT give buy or sell.
Saleem
Indices UP .94% to 1.17%....NICE !!!!!
Data out of China & Japan is giving lift to indices. Syrian attack by US is less likely based on Russian initiative.
S&P 500 @ 1670.24, high 1670.44, 50 DMA @ 1666.61
Internals are positive by minimum 2 to 1
Oil Down 98 cents
Gold UP 40 cents
Canadian $ UP 51 tick @ 96.45
VIX Down 2.02% @ 15.53
In my portfolio :
Sold @ $10.85
Bought FNSR @ $23.32
Portfolio ANR BAC CLF FNSR MU AUY
Most stocks are UP
@ 2.00 following are red :
AUY NTES TSLA LNKD DNKN EBAY GG
EGO SLW AEM CCJ MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1670.24, high 1670.44, 50 DMA @ 1666.61
Internals are positive by minimum 2 to 1
Oil Down 98 cents
Gold UP 40 cents
Canadian $ UP 51 tick @ 96.45
VIX Down 2.02% @ 15.53
In my portfolio :
Sold @ $10.85
Bought FNSR @ $23.32
Portfolio ANR BAC CLF FNSR MU AUY
Most stocks are UP
@ 2.00 following are red :
AUY NTES TSLA LNKD DNKN EBAY GG
EGO SLW AEM CCJ MLNX.....
BLOG does NOT give buy or sell.
Saleem
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