Indices closed near low of the day after trying for green.
S&P 500 @ 1756.54, low 1755.72
RSI @ 62.55
CMF @ 0.305
Internals were :
Down volume led by 1.90 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 106 in NYSE & 60 in Nasdaq
VIX UP .73% @ 13.75
Oil @ $96.38
Gold $1323.70
Stocks which closed green 1% or more included FNSR JKS MU
FB YELP SINA YY NFLX YHOO AMCC EXPE CRUS
STLD MLNX....
AH ER :
KOG Down .15%, ADNC Down 2.80%, AIG Down 3.23%
FSLR UP 7.34%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, Official Chinese PMI came in @ 18 month high @ 51.4% in October vs expectation of 51.2%, September actual was 51.1%. HSBC analyst is saying that this is as good as it gets for China, Q4 is being analyzed as Flat to Q3 & Q1 is predicted to decelerate for all of 2014. This analysis may need to be digested by the markets around the world. I am hoping that Chinese authority may take policy action to accelerate or maintain Q3 growth. US markets are digesting recent gains & is doing in an orderly manner. Friday is weekly Option Expiry which may result in indices being flattish as Market Makers are in control of stock price.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 31, 2013
Indices UP .16% to .28%....NICE !!!!!
Bulls are in firm control & indices are trading near high of the day.
S&P 500 @ 1767.52, high 1768.53
Internals are mostly positive
Oil Down 39 cents
Gold Down $24.60
Canadian $ UP 54 tick @ 95.99
VIX Down 2.34% @ 13.33
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are UP
@ 2.42 following are red :
BIDU QIHU PCLN KORS LULU LEN DNKN
YUM LVS FFIV COH V WPRT SNDK
BRCM C JDSU AAPL TCK GRPN
PANW EGO SLW GG AEM
MA LCC SPWR CSOD
TRLA Z WYNN
RALY AGU...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1767.52, high 1768.53
Internals are mostly positive
Oil Down 39 cents
Gold Down $24.60
Canadian $ UP 54 tick @ 95.99
VIX Down 2.34% @ 13.33
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are UP
@ 2.42 following are red :
BIDU QIHU PCLN KORS LULU LEN DNKN
YUM LVS FFIV COH V WPRT SNDK
BRCM C JDSU AAPL TCK GRPN
PANW EGO SLW GG AEM
MA LCC SPWR CSOD
TRLA Z WYNN
RALY AGU...
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 30, 2013
Indices closed down .39% to .55%......
Fed statement about slowing housing / economy spooked the market.
S&P 500 @ 1763.31, high 1775.22, low 1757.24
RSI @ 65.97
CMF @ 0.343
Internals were :
Down volume led by 1.93 to 1 in NYSE & 2.87 to 1 in Nasdaq
Declining stocks led by 2.44 to 1 in NYSE & 2.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 186 in NYSE & 125 in Nasdaq
VIX UP 1.79% @ 13.65
Oil @ $96.77
Gold @ $1349.30
AH ER :
FB Down 0.04%, SPWR Down 4.96%, JDSU Down 7.93%
EXPE UP 18.82%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was weak from 11 AM onwards, made attempt to rally after Fed announcement but failed gain to close lower in all indices. S&P 500 made a new all time high then turned lower. Internals were weak @ close. TAPE strength will be put to test after open & we have to see how we close. I am hoping that close will be half decent.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1763.31, high 1775.22, low 1757.24
RSI @ 65.97
CMF @ 0.343
Internals were :
Down volume led by 1.93 to 1 in NYSE & 2.87 to 1 in Nasdaq
Declining stocks led by 2.44 to 1 in NYSE & 2.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 186 in NYSE & 125 in Nasdaq
VIX UP 1.79% @ 13.65
Oil @ $96.77
Gold @ $1349.30
AH ER :
FB Down 0.04%, SPWR Down 4.96%, JDSU Down 7.93%
EXPE UP 18.82%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was weak from 11 AM onwards, made attempt to rally after Fed announcement but failed gain to close lower in all indices. S&P 500 made a new all time high then turned lower. Internals were weak @ close. TAPE strength will be put to test after open & we have to see how we close. I am hoping that close will be half decent.
BLOG does NOT give buy or sell.
Saleem
Indices down .55% to .68%....
Fed is continuing its bond buying @ current level & no change in interest rate.
S&P 500 @ 1759.96, high 1775.22
Internals are negative by almost 2 to 1
Oil Down $1.42
Gold Down 90 cents
Canadian $ Down 16 tick @ 95.17
VIX UP 4.40% @ 14.00
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are down
@ 2.15 following are green :
BIDU QIHU AAPL KORS DNKN YUM
COH RVBD SPLK SBUX EGO SLW
MLNX....
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 1759.96, high 1775.22
Internals are negative by almost 2 to 1
Oil Down $1.42
Gold Down 90 cents
Canadian $ Down 16 tick @ 95.17
VIX UP 4.40% @ 14.00
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are down
@ 2.15 following are green :
BIDU QIHU AAPL KORS DNKN YUM
COH RVBD SPLK SBUX EGO SLW
MLNX....
BLOG does NOT give buy or sell
Saleem
Tuesday, October 29, 2013
Indices closed UP .31% to .73%.....NICE !!!!
Dow & S&P 500 are @ an all time high.
S&P 500 @ 1771.95, high 1772.09
RSI @ 70.53
CMF @ 0.406
Internals were :
UP volume led by 1.83 to 1 in NYSE & 1.58 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 176 in Nasdaq
VIX UP .75% @ 13.41
Oil @ $98.20
Gold @ $1345.50
AH ER : CRUS Down 2.13%, LNKD Down 3.29%,
YELP Down 10.65%
TRLA UP 5.2%, BIDU UP 5.72%, BWLD UP 11.19%
LNKD ER was a beat on Sales & EPS..
Sales actual $393.00 Million vs expectations of $385.41
EPS actual 39 cents vs expectations of 32 cents
Guidance for Q4 Sales was below consensus
$415 to $420 million vs expectations of $438 million
2013 Adjusted EBITDA was guided UP to $364 million vs prior guidance of $340 to $355 million....
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, except for Nasdaq all indices are hitting all time highs which bodes well for further gains. Earnings are mixed mostly good, some not treated well by market despite good numbers. It is important to show patience even when things do not look good on paper as conference call or analysts may push it higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1771.95, high 1772.09
RSI @ 70.53
CMF @ 0.406
Internals were :
UP volume led by 1.83 to 1 in NYSE & 1.58 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 176 in Nasdaq
VIX UP .75% @ 13.41
Oil @ $98.20
Gold @ $1345.50
AH ER : CRUS Down 2.13%, LNKD Down 3.29%,
YELP Down 10.65%
TRLA UP 5.2%, BIDU UP 5.72%, BWLD UP 11.19%
LNKD ER was a beat on Sales & EPS..
Sales actual $393.00 Million vs expectations of $385.41
EPS actual 39 cents vs expectations of 32 cents
Guidance for Q4 Sales was below consensus
$415 to $420 million vs expectations of $438 million
2013 Adjusted EBITDA was guided UP to $364 million vs prior guidance of $340 to $355 million....
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, except for Nasdaq all indices are hitting all time highs which bodes well for further gains. Earnings are mixed mostly good, some not treated well by market despite good numbers. It is important to show patience even when things do not look good on paper as conference call or analysts may push it higher.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .19% to .61%.....NICE !!!!
Indices are trading UP on IBM additional $15 Billion buyback announcement. S&P 500 is @ another all time highs which is a good thing.
S&P 500 @ 1769.57 near its high of the day of 1770.88
Internals are positive.
Oil Down 62 cents
Gold Down $6.30
Canadian $ Down 25 tick @ 95.43
VIX UP .53% @ 13.38
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are UP
@ 2.13 following are red :
AAPL TSLA CF CIEN AMCC CMG FFIV
YNDX KNDI GRPN WPRT CRUS
ZNGA JDSU TCK SPLK X
STLD EGO SLW GG
AEM CSOD WLT
Z WYNN AGU
LNKD reporting AH.....expectations for Q3 Sales $385.41 Million & EPS of 32 cents
Q4 guidance expected Sales $438.08 Million & EPS 40 cents...based on history it should be another beat & guide UP for Q4.....
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 1769.57 near its high of the day of 1770.88
Internals are positive.
Oil Down 62 cents
Gold Down $6.30
Canadian $ Down 25 tick @ 95.43
VIX UP .53% @ 13.38
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are UP
@ 2.13 following are red :
AAPL TSLA CF CIEN AMCC CMG FFIV
YNDX KNDI GRPN WPRT CRUS
ZNGA JDSU TCK SPLK X
STLD EGO SLW GG
AEM CSOD WLT
Z WYNN AGU
LNKD reporting AH.....expectations for Q3 Sales $385.41 Million & EPS of 32 cents
Q4 guidance expected Sales $438.08 Million & EPS 40 cents...based on history it should be another beat & guide UP for Q4.....
BLOG does NOT give buy or sell
Saleem
Monday, October 28, 2013
Mixed close.....
Indices were mixed @ close.
S&P 500 @ 1762.11, all time high 1764.99
RSI @ 68.20
CMF @ 0.395
Internals were :
Down volume led by 1.22 to 1 in NYSE & 1.40 to 1 in Nasdaq
Declining stocks led by 1.21 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 168 in NYSE & 144 in Nasdaq
VIX UP 1.68% @ 13.31
Oil @ $98.68
Gold @ $1352.20
AH ER : RVBD Down .03%, AAPL Down 1.23%, X Down 4.14%
HLF UP 1.73%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was mixed with Nasdaq & Dow closing slightly down while S&P 500 making new all time highs. Internals were weak. Earnings are not affecting overall TAPE as better earnings are being rewarded. This TAPE is a stock picker challenge where some earnings are rewarded while others are taken apart for weakness. Chinese stocks are under severe selling pressure based on emotions not on fundamentals, hopefully this phase has run its course.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1762.11, all time high 1764.99
RSI @ 68.20
CMF @ 0.395
Internals were :
Down volume led by 1.22 to 1 in NYSE & 1.40 to 1 in Nasdaq
Declining stocks led by 1.21 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 168 in NYSE & 144 in Nasdaq
VIX UP 1.68% @ 13.31
Oil @ $98.68
Gold @ $1352.20
AH ER : RVBD Down .03%, AAPL Down 1.23%, X Down 4.14%
HLF UP 1.73%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was mixed with Nasdaq & Dow closing slightly down while S&P 500 making new all time highs. Internals were weak. Earnings are not affecting overall TAPE as better earnings are being rewarded. This TAPE is a stock picker challenge where some earnings are rewarded while others are taken apart for weakness. Chinese stocks are under severe selling pressure based on emotions not on fundamentals, hopefully this phase has run its course.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .01% to .26%......NICE !!!!
Indices are @ their highs after being down earlier.
S&P 500 @ 1764.62, high so far 1764.62
Internals are negative
Oil UP 62 cents
Gold UP $3.82
Canadian $ UP 5 tick @ 95.73
VIX UP 1.15% @ 13.24
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are down
@ 2.32 following are green :
FNSR LNKD MU AAPL GOOG KORS CF
GMCR EBAY YUM FFIV COH MA V
WPRT RVBD SNDK M MCD EGO
GG AEM Z WYNN AGU RALY....
AAPL reports AH which will be a market mover....
Sales expectations Q4 $36.84 Billion, EPS $7.93,
Q1 guidance expected Sales $55.65 Billion EPS $13.86
BLOG does nOT give buy or sell.
Saleem
S&P 500 @ 1764.62, high so far 1764.62
Internals are negative
Oil UP 62 cents
Gold UP $3.82
Canadian $ UP 5 tick @ 95.73
VIX UP 1.15% @ 13.24
Portfolio AMZN FNSR JKS LNKD MU
Most stocks are down
@ 2.32 following are green :
FNSR LNKD MU AAPL GOOG KORS CF
GMCR EBAY YUM FFIV COH MA V
WPRT RVBD SNDK M MCD EGO
GG AEM Z WYNN AGU RALY....
AAPL reports AH which will be a market mover....
Sales expectations Q4 $36.84 Billion, EPS $7.93,
Q1 guidance expected Sales $55.65 Billion EPS $13.86
BLOG does nOT give buy or sell.
Saleem
Sunday, October 27, 2013
This could be a big week for indices.......
Indices are sitting near high of the year.......
Not too many on Wall & Broad could have predicted this.....
S&P 500 have jumped 113.30 points in last 12 trading days......
S&P 500 is sitting @ 1759.77 near absolute highs.....
What is in store now ?
Another big week...... as biggest tech names are reporting....
Monday AAPL
Tuesday LNKD BIDU & YELP
Wednesday FB QIHU JDSU SPWR
Thursday FSLR
The above represents some of the strongest sectors.....
I expect majority of the above earnings to beat estimates easily.......
IF that happens we are looking @ above 1800 in S&P 500......
We are also entering strong Q 4 ...where guidance could be above estimates....
It IS a good idea to pick earning plays on a daily basis.......
risk / reward are very favorable based on trends in above sectors.......
Hopefully, we all can catch up in our performance IF we pick right......
Hopefully, my optimism for this week should pan out......as CMF is near five month high......
Good luck with your OWN strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
Not too many on Wall & Broad could have predicted this.....
S&P 500 have jumped 113.30 points in last 12 trading days......
S&P 500 is sitting @ 1759.77 near absolute highs.....
What is in store now ?
Another big week...... as biggest tech names are reporting....
Monday AAPL
Tuesday LNKD BIDU & YELP
Wednesday FB QIHU JDSU SPWR
Thursday FSLR
The above represents some of the strongest sectors.....
I expect majority of the above earnings to beat estimates easily.......
IF that happens we are looking @ above 1800 in S&P 500......
We are also entering strong Q 4 ...where guidance could be above estimates....
It IS a good idea to pick earning plays on a daily basis.......
risk / reward are very favorable based on trends in above sectors.......
Hopefully, we all can catch up in our performance IF we pick right......
Hopefully, my optimism for this week should pan out......as CMF is near five month high......
Good luck with your OWN strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, October 25, 2013
Indices closed UP .37% to .44%......NICE !!!!
Indices closed UP after AMZN & MSFT rallied after their earnings report.
S&P 500 @ 1759.77, high 1759.82
RSI @ 67.64
CMF @ 0.388
Internals were :
UP volume led by 1.70 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & .86 to 1 in Nasdaq
Net new 52 wk highs were leading by 222 in NYSE & 194 in Nasdaq
VIX Down .83% @ 13.09
Oil @ $97.85
Gold @ $1352.50
Canadian $ @ 95.50.....low point in months as Canadian Central Bank lowers GDP growth target & removed "tightening bias"
In my portfolio :
Sold CIEN $24.18
Sold GMCR $61.16
Bought LNKD @ $241.28
Here is my weighting :
AMZN 25.41%
LNKD 21.70%
JKS 20.73%
MU 16.38%
FNSR 15.78%
Exposure 192%
Stocks which closed green included AMZN LULU DNKN CMG
SU YUM COH V GRPN CRUS ZNGA LRCX BRCM
SBUX MCD EGO SLW GG AEM WLT GS
MLNX....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1759.77, high 1759.82
RSI @ 67.64
CMF @ 0.388
Internals were :
UP volume led by 1.70 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & .86 to 1 in Nasdaq
Net new 52 wk highs were leading by 222 in NYSE & 194 in Nasdaq
VIX Down .83% @ 13.09
Oil @ $97.85
Gold @ $1352.50
Canadian $ @ 95.50.....low point in months as Canadian Central Bank lowers GDP growth target & removed "tightening bias"
In my portfolio :
Sold CIEN $24.18
Sold GMCR $61.16
Bought LNKD @ $241.28
Here is my weighting :
AMZN 25.41%
LNKD 21.70%
JKS 20.73%
MU 16.38%
FNSR 15.78%
Exposure 192%
Stocks which closed green included AMZN LULU DNKN CMG
SU YUM COH V GRPN CRUS ZNGA LRCX BRCM
SBUX MCD EGO SLW GG AEM WLT GS
MLNX....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 24, 2013
Indices closed UP .33% to .62%.....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 1752.07, high 1753.94
RSI @ 65.79
Internals were :
UP volume led by 1.39 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 200 in NYSE & 214 in Nasdaq
VIX Down 1.64% @ 13.20
Oil @ $97.11
Gold @ $1350.30
Stocks which were UP 1% or more included AMZN JKS MU
FB BIDU SINA QIHU YY PCLN LNKD AAPL TSLA
LEN EXPE EBAY YUM LVS COH MA V FSLR
WPRT CRUS LRCX SNDK NTES PANW
M SPLK X EGO SLW GG AEM CSOD
MS WLT TRLA Z WYNN GS YELP.....
In my Portfolio :
Bought AMZN 5 mts before close @ $331.25...I had a price of $327 whole day but no luck, had to buy much higher before close.
Portfolio AMZN CIEN FNSR GMCR JKS MU
AH ER : WYNN Down 1.09%, MSFT UP 5.31%,
AMZN UP 8.26%
AMZN was a beat on Sales & EPS....Sales actual $17.09 Billion expected $16.7 Billion,
EPS loss of 9 cents vs expected loss of 11 cents
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong but internals were so so. Leaders came to life but most stocks were struggling. Semis are having tough time in this market to increase Sales. Earnings needs to be anticipated in terms of trend & growth rate. Some leaders are being squeezed by smaller rivals thus Sales & margin pressure. Asian markets are worrying about Chinese monetary policy thus no gains despite US positive close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1752.07, high 1753.94
RSI @ 65.79
Internals were :
UP volume led by 1.39 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 200 in NYSE & 214 in Nasdaq
VIX Down 1.64% @ 13.20
Oil @ $97.11
Gold @ $1350.30
Stocks which were UP 1% or more included AMZN JKS MU
FB BIDU SINA QIHU YY PCLN LNKD AAPL TSLA
LEN EXPE EBAY YUM LVS COH MA V FSLR
WPRT CRUS LRCX SNDK NTES PANW
M SPLK X EGO SLW GG AEM CSOD
MS WLT TRLA Z WYNN GS YELP.....
In my Portfolio :
Bought AMZN 5 mts before close @ $331.25...I had a price of $327 whole day but no luck, had to buy much higher before close.
Portfolio AMZN CIEN FNSR GMCR JKS MU
AH ER : WYNN Down 1.09%, MSFT UP 5.31%,
AMZN UP 8.26%
AMZN was a beat on Sales & EPS....Sales actual $17.09 Billion expected $16.7 Billion,
EPS loss of 9 cents vs expected loss of 11 cents
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong but internals were so so. Leaders came to life but most stocks were struggling. Semis are having tough time in this market to increase Sales. Earnings needs to be anticipated in terms of trend & growth rate. Some leaders are being squeezed by smaller rivals thus Sales & margin pressure. Asian markets are worrying about Chinese monetary policy thus no gains despite US positive close.
BLOG does NOT give buy or sell.
Saleem
Indices UP .31% to .64%....NICE !!!!!
Indices are UP on Chinese PMI & Better earnings this AM.
S&P 500 @ 1751.77, high 1752.40
Internals are positive
Oil UP 23 cents
Gold UP $13.80
Canadian $ Down 41 tick
VIX Down 1.21% @ 13.27
In my portfolio :
Sold YHOO @ $33.30
Portfolio CIEN FNSR GMCR JKS MU
Most stocks are UP
@ 2.38 following are red :
CIEN FNSR GOOG KORS LULU CF AMCC
DNKN FFIV GRPN ARUN BRCM C
JDSU SBUX STLD AGU RALY
MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1751.77, high 1752.40
Internals are positive
Oil UP 23 cents
Gold UP $13.80
Canadian $ Down 41 tick
VIX Down 1.21% @ 13.27
In my portfolio :
Sold YHOO @ $33.30
Portfolio CIEN FNSR GMCR JKS MU
Most stocks are UP
@ 2.38 following are red :
CIEN FNSR GOOG KORS LULU CF AMCC
DNKN FFIV GRPN ARUN BRCM C
JDSU SBUX STLD AGU RALY
MLNX....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 23, 2013
Indices closed down .35% to .57%.....
Indices were under selling pressure due to Chinese interest rate outlook & poor earnings.
S&P 500 @ 1746.38, low 1740.50
RSI @ 64.39
CMF @ 0.318
Internals were :
Down volume led by 2.13 to 1 in NYSE & 3.35 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.54 to 1in Nasdaq
Net new 52 wk highs were leading by 133 in NYSE & 108 in Nasdaq
VIX UP .68% @ 13.42
Oil @ $96.82
Gold @ $1334.00
AH ER : TRIP Down 1.28%, AKAM Down 3.52%,
FFIV UP 2.26%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, HSBC Chinese Flash PMI came in @ 50.9% for October vs 50.2% in September, this is a major positive for bulls. Selling pressure has been orderly & not severe. We are only 13 points away from all time high in S&P 500. Brian Kelly's 33% bear exposure will not work again ?.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1746.38, low 1740.50
RSI @ 64.39
CMF @ 0.318
Internals were :
Down volume led by 2.13 to 1 in NYSE & 3.35 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.54 to 1in Nasdaq
Net new 52 wk highs were leading by 133 in NYSE & 108 in Nasdaq
VIX UP .68% @ 13.42
Oil @ $96.82
Gold @ $1334.00
AH ER : TRIP Down 1.28%, AKAM Down 3.52%,
FFIV UP 2.26%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, HSBC Chinese Flash PMI came in @ 50.9% for October vs 50.2% in September, this is a major positive for bulls. Selling pressure has been orderly & not severe. We are only 13 points away from all time high in S&P 500. Brian Kelly's 33% bear exposure will not work again ?.
BLOG does NOT give buy or sell.
Saleem
Indices down .39% to .67%......
Indices are under pressure as Chinese inter bank rates jumped.
S&P 500 @ 1745.44, lo 1740.50
Internals are negative
Oil Down $1.03
Gold Down $9.20
Canadian $ Down 1.03 cents @ 96.13
VIX UP 2.63% @ 13.68
In my portfolio :
Sold TSLA @ $162.50
Bought JKS @ $25.10
Bought FNSR @ $25.86
Portfolio CIEN FNSR GMCR JKS MU YHOO
Most stocks are down
@ 2.14 following are green :
GOOG LEN NFLX AAPL CSIQ EXPE
ARUN PANW Z AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1745.44, lo 1740.50
Internals are negative
Oil Down $1.03
Gold Down $9.20
Canadian $ Down 1.03 cents @ 96.13
VIX UP 2.63% @ 13.68
In my portfolio :
Sold TSLA @ $162.50
Bought JKS @ $25.10
Bought FNSR @ $25.86
Portfolio CIEN FNSR GMCR JKS MU YHOO
Most stocks are down
@ 2.14 following are green :
GOOG LEN NFLX AAPL CSIQ EXPE
ARUN PANW Z AGU.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 22, 2013
Indices closed UP .24% to .57%.....NICE !!!!
Indices closed UP after bout of profit taking.
S&P 500 @ 1754.67, high 1759.33
RSI @ 68.16
CMF @ 0.280
Internals were :
UP volume led by 2.31 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 2.63 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 405 in NYSE & 255 in Nasdaq
VIX UP 1.29% @ 13.33
Oil @ $97.80
Gold @ $1342.60
Stocks which were UP 1% or more included GMCR MU
AMZN JKS KORS LULU TRIP LEN FNSR CMG
DNKN CSIQ FSLR SBUX EGO SLW GG
AEM SPWR.....
AH ER: PNRA Down 3.05%, BRCM Down 8.11%,
CREE Down 15.23%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE cheered a weak jobs report as it keeps Fed from changing its bond buying program. There was a sudden "sell program" hit the TAPE & everything went from green to red after open. TAPE found its footing after buying came in again. TAPE certainly wants to move further UP but keep an eye on RSI around 72 when sellers may take hold again.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1754.67, high 1759.33
RSI @ 68.16
CMF @ 0.280
Internals were :
UP volume led by 2.31 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 2.63 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 405 in NYSE & 255 in Nasdaq
VIX UP 1.29% @ 13.33
Oil @ $97.80
Gold @ $1342.60
Stocks which were UP 1% or more included GMCR MU
AMZN JKS KORS LULU TRIP LEN FNSR CMG
DNKN CSIQ FSLR SBUX EGO SLW GG
AEM SPWR.....
AH ER: PNRA Down 3.05%, BRCM Down 8.11%,
CREE Down 15.23%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE cheered a weak jobs report as it keeps Fed from changing its bond buying program. There was a sudden "sell program" hit the TAPE & everything went from green to red after open. TAPE found its footing after buying came in again. TAPE certainly wants to move further UP but keep an eye on RSI around 72 when sellers may take hold again.
BLOG does NOT give buy or sell.
Saleem
Indices UP .29% to .62%....NICE !!!!!
Indices are UP despite poor jobs data for September.
S&P 500 @ 1755.43, high 1759.33
Internals are mostly positive
Oil Down $1.66
Gold UP $25.40
Canadian $ UP 14 tick @ 97.14
VIX UP .68% @ 13.25
Portfolio CIEN GMCR MU TSLA YHOO
Most stocks are UP
@ 2.07 following are red :
CIEN TSLA YHOO PCLN FB GOOG COH
LNKD QIHU NFLX AAPL SINA AMCC
CF YY SU LVS BIDU FSLR GRPN
ARUN SNDK BRCM PANW X
CSOD TRLA Z WYNN GS
RALY YELP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1755.43, high 1759.33
Internals are mostly positive
Oil Down $1.66
Gold UP $25.40
Canadian $ UP 14 tick @ 97.14
VIX UP .68% @ 13.25
Portfolio CIEN GMCR MU TSLA YHOO
Most stocks are UP
@ 2.07 following are red :
CIEN TSLA YHOO PCLN FB GOOG COH
LNKD QIHU NFLX AAPL SINA AMCC
CF YY SU LVS BIDU FSLR GRPN
ARUN SNDK BRCM PANW X
CSOD TRLA Z WYNN GS
RALY YELP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, October 21, 2013
Indices closed mixed......
Indices closed mixed after days of solid gains.
S&P 500 1744.66, high 1747.79
RSI @ 65.92
CMF @ 0.235
Internals were :
Down volume led by 1.38 to 1 in NYSE & .92 to 1 in Nasdaq
Declining stocks led by 1.05 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 321 in NYSE & 330 in Nasdaq
VIX UP .92% @ 13.16
Oil @ $99.22
Gold @ $1315.80
AH ER NFLX UP 11.27%, VMW UP 11.31%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, it is all about jobs report, consensus has changed upwards to 180,000 from 150,000, i feel it is set up to fail as actual number may be close to 150,000 area. How this market react to a miss is an easy guess, reaction may be contained by close. A little digestion of gains is in order which may pull this market down few more days.
BLOG does NOT give buy or sell.
Saleem
S&P 500 1744.66, high 1747.79
RSI @ 65.92
CMF @ 0.235
Internals were :
Down volume led by 1.38 to 1 in NYSE & .92 to 1 in Nasdaq
Declining stocks led by 1.05 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 321 in NYSE & 330 in Nasdaq
VIX UP .92% @ 13.16
Oil @ $99.22
Gold @ $1315.80
AH ER NFLX UP 11.27%, VMW UP 11.31%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, it is all about jobs report, consensus has changed upwards to 180,000 from 150,000, i feel it is set up to fail as actual number may be close to 150,000 area. How this market react to a miss is an easy guess, reaction may be contained by close. A little digestion of gains is in order which may pull this market down few more days.
BLOG does NOT give buy or sell.
Saleem
Indices down .04% to .17%......
Indices are down slightly after a huge seven day run.....
S&P 500 @ 1740.69, high 1747.79
Internals are mostly negative
Oil Down $1.48
Gold unchanged
Canadian $ Down 11 tick
VIX UP 2.3% @ 13.34
Portfolio CIEN GMCR MU TSLA YHOO
Most stocks are down
@ 2.30 following are green :
CIEN YHOO PCLN KORS TRIP NFLX TIF
AAPL FNSR CF DNKN FFIV SNDK
CRUS JDSU PANW SPLK EGO
SLW AEM GG WYNN AGU
GS....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1740.69, high 1747.79
Internals are mostly negative
Oil Down $1.48
Gold unchanged
Canadian $ Down 11 tick
VIX UP 2.3% @ 13.34
Portfolio CIEN GMCR MU TSLA YHOO
Most stocks are down
@ 2.30 following are green :
CIEN YHOO PCLN KORS TRIP NFLX TIF
AAPL FNSR CF DNKN FFIV SNDK
CRUS JDSU PANW SPLK EGO
SLW AEM GG WYNN AGU
GS....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 20, 2013
Daytraders in a state of euphoria ?
Yahoo message boards are full of traders boasting stunning gains in every moving stocks......they are giving daily report cards of what they sold @ an incredible gains......not listing any bad moves ........this is a sign of euphoria which generally ends badly.
S&P 500 have moved UP 98.84 points or 6% from its low only seven trading days ago....it is extremely rapid move from historical point of view.......
VIX @ 13.04 is only few points above its 52 wk low of 11.05 reached on March 14, 2013.....
Put call ratio is low......
Bears are stuck @ 21.6%...not too far from its low of 19%+
All of the above should give a pause to traders who may be getting "too comfortable"
There is a very good chance that upward move may come to a halt........
Although we are in Q 4 which is extremely bullish ......we may have borrowed those gains already in October........
What could derail this "major uptrend"....
For once November may be negative this year & you can thank your politicians for destroying US economy when it was already slowing down......
Statistics for shutdown till Oct 17th may have inflicted heavy damage to US economy......this may affect guidance for Q 4 for many companies.....this time it is not an excuse but a reality faced by majority of US based companies.
RSI in S&P 500 sitting @ 65.89......i expect it to touch 72 area & reverse ......
It is important to be realistic going forward.......
November may not be kind to traders or investors......
Jobs report for September is expected to be 150,000 jobs growth, it may come close to that number.....
All in all, we had strong seven days during & after shutdown, it may be time to pause & some pullback may be in the cards......
BLOG does NOT give buy or sell.
Saleem
S&P 500 have moved UP 98.84 points or 6% from its low only seven trading days ago....it is extremely rapid move from historical point of view.......
VIX @ 13.04 is only few points above its 52 wk low of 11.05 reached on March 14, 2013.....
Put call ratio is low......
Bears are stuck @ 21.6%...not too far from its low of 19%+
All of the above should give a pause to traders who may be getting "too comfortable"
There is a very good chance that upward move may come to a halt........
Although we are in Q 4 which is extremely bullish ......we may have borrowed those gains already in October........
What could derail this "major uptrend"....
For once November may be negative this year & you can thank your politicians for destroying US economy when it was already slowing down......
Statistics for shutdown till Oct 17th may have inflicted heavy damage to US economy......this may affect guidance for Q 4 for many companies.....this time it is not an excuse but a reality faced by majority of US based companies.
RSI in S&P 500 sitting @ 65.89......i expect it to touch 72 area & reverse ......
It is important to be realistic going forward.......
November may not be kind to traders or investors......
Jobs report for September is expected to be 150,000 jobs growth, it may come close to that number.....
All in all, we had strong seven days during & after shutdown, it may be time to pause & some pullback may be in the cards......
BLOG does NOT give buy or sell.
Saleem
Friday, October 18, 2013
Indices closed UP .18% to 1.32%.....NICE !!!!
Indices closed near high of the day as GOOG earnings was the catalyst.
S&P 500 @ 1744.50, high 1745.31
RSI @ 65.89
CMF @ 0.213
Internals were :
UP volume led by 2.03 to 1 in NYSE & 2.01 to 1 in Nasdaq
Advancing stocks led by 2.55 to 1 in NYSE & 2.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 442 in NYSE & 374 in Nasdaq
VIX Down 3.26% @ 13.04
Oil @ $100.81
Gold @ $1314.60
In my portfolio :
Bought CIEN @ $26.96, GMCR @ $64.67, TSLA @ $184.26
Portfolio weighting :
TSLA 33.49%
CIEN 24.62%
YHOO 20.35%
MU 17.62%
GMCR 3.92%
Exposure 182%
Stocks which were UP 2% or more included YHOO GMCR
FB GOOG LNKD QIHU SINA FNSR KORS CF YY
CSIQ CMG AMZN LVS BIDU FFIV FSLR
CRUS JDSU SPWR MS TRLA Z YELP
MLNX...
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1744.50, high 1745.31
RSI @ 65.89
CMF @ 0.213
Internals were :
UP volume led by 2.03 to 1 in NYSE & 2.01 to 1 in Nasdaq
Advancing stocks led by 2.55 to 1 in NYSE & 2.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 442 in NYSE & 374 in Nasdaq
VIX Down 3.26% @ 13.04
Oil @ $100.81
Gold @ $1314.60
In my portfolio :
Bought CIEN @ $26.96, GMCR @ $64.67, TSLA @ $184.26
Portfolio weighting :
TSLA 33.49%
CIEN 24.62%
YHOO 20.35%
MU 17.62%
GMCR 3.92%
Exposure 182%
Stocks which were UP 2% or more included YHOO GMCR
FB GOOG LNKD QIHU SINA FNSR KORS CF YY
CSIQ CMG AMZN LVS BIDU FFIV FSLR
CRUS JDSU SPWR MS TRLA Z YELP
MLNX...
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 17, 2013
Indices closed mixed.....
Indices overcame early selloff & closed near high of the day.
S&P 500 @ 1733.15, high 1733.45
RSI @ 63.36
CMF @ 0.094
Internals were :
UP volume led by 4.53 to 1 in NYSE & 1.89 to 1 in Nasdaq
Advancing stocks led by 5.09 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 308 in NYSE & 222 in Nasdaq
VIX Down 8.36% @ 13.48
Oil @ $100.67
Gold $1323.00
Stocks which were UP 1% or more included MU FB JKS AMCC
SINA LEN NFLX YY CSIQ YUM LVS BIDU MA V
SNDK CSOD M SPLK X STLD EGO SLW GG
AEM MS AGU
In my portfolio :
Sold AMCC $14.27, FB option @ $1.28, FNSR $24.22, JKS $24.65
Portfolio MU & YHOO
AH ER :
ISRG Down 7.77% CMG UP 7.84% GOOG UP 8.18%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, S&P 500 had a "breakout" which is extremely bullish. IBD has a rating change from day before to "market in confirmed uptrend". Chinese GDP came in @ fastest rate of 7.8%, Chinese retail sales came in weaker @ 13.3% vs expectations of 13.5%. Rally should continue but retail stocks generally are under pressure.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1733.15, high 1733.45
RSI @ 63.36
CMF @ 0.094
Internals were :
UP volume led by 4.53 to 1 in NYSE & 1.89 to 1 in Nasdaq
Advancing stocks led by 5.09 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 308 in NYSE & 222 in Nasdaq
VIX Down 8.36% @ 13.48
Oil @ $100.67
Gold $1323.00
Stocks which were UP 1% or more included MU FB JKS AMCC
SINA LEN NFLX YY CSIQ YUM LVS BIDU MA V
SNDK CSOD M SPLK X STLD EGO SLW GG
AEM MS AGU
In my portfolio :
Sold AMCC $14.27, FB option @ $1.28, FNSR $24.22, JKS $24.65
Portfolio MU & YHOO
AH ER :
ISRG Down 7.77% CMG UP 7.84% GOOG UP 8.18%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, S&P 500 had a "breakout" which is extremely bullish. IBD has a rating change from day before to "market in confirmed uptrend". Chinese GDP came in @ fastest rate of 7.8%, Chinese retail sales came in weaker @ 13.3% vs expectations of 13.5%. Rally should continue but retail stocks generally are under pressure.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices went into sell the news @ open. Since then we have retraced most of the losses.
S&P 500 @ 1726.87, high 1729.64...all time high 1729.86
Internals are positive
Oil Down $1.75
Gold UP $39.10
Canadian $ UP 38 tick @ 97.12
VIX Down 7.27% @ 13.64
Portfolio AMCC FNSR JKS MU YHOO FB calls
Most stocks are UP
@ 2.02 following are red :
FNSR YHOO GOOG CLDX LULU TRIP GMCR
TSLA KORS CSIQ AMZN EBAY FFIV
PCLN GRPN ARUN RVBD LRCX
CIEN PANW SU SPWR C Z
GS RALY YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1726.87, high 1729.64...all time high 1729.86
Internals are positive
Oil Down $1.75
Gold UP $39.10
Canadian $ UP 38 tick @ 97.12
VIX Down 7.27% @ 13.64
Portfolio AMCC FNSR JKS MU YHOO FB calls
Most stocks are UP
@ 2.02 following are red :
FNSR YHOO GOOG CLDX LULU TRIP GMCR
TSLA KORS CSIQ AMZN EBAY FFIV
PCLN GRPN ARUN RVBD LRCX
CIEN PANW SU SPWR C Z
GS RALY YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 15, 2013
Indices closed down .56% to .87%.....
Indices closed near lows of the day in a day of stalemate in resolving issues @ hand.
S&P 500 @ 1698.06, low 1695.93, high 1711.57
RSI @ 54.09
CMF @ 0.003
Internals were :
Down volume led by 3.11 to 1 in NYSE & 3.75 to 1 in Nasdaq
Declining stocks led by 3.40 to 1 in NYSE & 2.48 to 1 in Nasdaq
New 52 wk highs were leading by 93 in NYSE & by 106 in Nasdaq
VIX UP 16.12% @ 18.66
Oil @ $101.21
Gold @ $1273.20
In my portfolio : Bought 10 calls FB strike $50.50 @ 49 cents expiring this Friday
AH ER YHOO UP 1.68%....YHOO Reported Sales of $1.089 & EPS of 34 cents which was a beat by 1 cent. Guidance was lowered to $1.20 Billion vs expectations of $1.25 Billion. Alibaba news was better than expected when it will keep more portion of its stake post IPO thus enhancing market value of YHOO.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, it is all about politicians keeping everyone guessing till last second of Thursday deadline. I still think they will pass a weak agreement & will go @ it again in next 45 to 90 days. TAPE will swing based on progress or lack of. Good time to accumulate strong stocks on any weakness.
There will be no BLOG posting on Wednesday as Muslims are celebrating Eid-AL- Adha. I will be busy whole day with friends & family.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1698.06, low 1695.93, high 1711.57
RSI @ 54.09
CMF @ 0.003
Internals were :
Down volume led by 3.11 to 1 in NYSE & 3.75 to 1 in Nasdaq
Declining stocks led by 3.40 to 1 in NYSE & 2.48 to 1 in Nasdaq
New 52 wk highs were leading by 93 in NYSE & by 106 in Nasdaq
VIX UP 16.12% @ 18.66
Oil @ $101.21
Gold @ $1273.20
In my portfolio : Bought 10 calls FB strike $50.50 @ 49 cents expiring this Friday
AH ER YHOO UP 1.68%....YHOO Reported Sales of $1.089 & EPS of 34 cents which was a beat by 1 cent. Guidance was lowered to $1.20 Billion vs expectations of $1.25 Billion. Alibaba news was better than expected when it will keep more portion of its stake post IPO thus enhancing market value of YHOO.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, it is all about politicians keeping everyone guessing till last second of Thursday deadline. I still think they will pass a weak agreement & will go @ it again in next 45 to 90 days. TAPE will swing based on progress or lack of. Good time to accumulate strong stocks on any weakness.
There will be no BLOG posting on Wednesday as Muslims are celebrating Eid-AL- Adha. I will be busy whole day with friends & family.
BLOG does NOT give buy or sell.
Saleem
Indices down .41% to .62%....
Indices are trading lower as politicians ramp up their gamesmanship to derail everything, only last 33 hours remains for a work which was supposed to be done 2 years ago......
S&P 500 @ 1700.99, high 1711.57
Internals are negative by 2 to 1
Oil Down 93 cents
Gold Down $2.40
Canadian $ Down 25 tick @ 96.23
VIX UP 7.65% @ 17.30
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are down
@ 2.22 following stocks are green :
AMCC JKS GOOG LNKD QIHU NFLX AAPL
FB TSLA YY CSIQ LVS PCLN GRPN
X SLW GG AEM SPWR WYNN
RALY....
YHOO reports AH ...expectations are Sales $1.08 billion EPS .33 cents....guidance for Q 4 Sales $1.25 billion & EPS 41 cents.....YHOO is expected to show improvement in "mobile ads"..which is an important metric.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1700.99, high 1711.57
Internals are negative by 2 to 1
Oil Down 93 cents
Gold Down $2.40
Canadian $ Down 25 tick @ 96.23
VIX UP 7.65% @ 17.30
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are down
@ 2.22 following stocks are green :
AMCC JKS GOOG LNKD QIHU NFLX AAPL
FB TSLA YY CSIQ LVS PCLN GRPN
X SLW GG AEM SPWR WYNN
RALY....
YHOO reports AH ...expectations are Sales $1.08 billion EPS .33 cents....guidance for Q 4 Sales $1.25 billion & EPS 41 cents.....YHOO is expected to show improvement in "mobile ads"..which is an important metric.....
BLOG does NOT give buy or sell.
Saleem
Monday, October 14, 2013
Indices closed UP .41% to .62%.....NICE !!!!
Indices closed near high of the day on progress made in Senate.
S&P 500 @ 1710.14, high 1711.03
RSI @ 58.72
CMF @ 0.074
Internals were :
UP volume led by 2.07 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 160 in NYSE & 174 in Nasdaq
VIX UP 2.23% @ 16.07
Oil @ $102.41
Gold $1276.60
Stocks which were UP 1% or more included AMCC MU
CLDX TRIP GMCR NFLX DNKN CSIQ SPWR
RVBD CRUS SNDK CIEN KORS X STLD
WLT RALY YELP....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE responded positively to new progress being made in Senate to resolve shutdown & Debt limit. House may show its usual by changing anything passed by Senate, expect killing time till Thursday deadline. In the meantime TAPE may make new highs & we may see sell the news "because its priced in by the time everything is passed".....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1710.14, high 1711.03
RSI @ 58.72
CMF @ 0.074
Internals were :
UP volume led by 2.07 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 160 in NYSE & 174 in Nasdaq
VIX UP 2.23% @ 16.07
Oil @ $102.41
Gold $1276.60
Stocks which were UP 1% or more included AMCC MU
CLDX TRIP GMCR NFLX DNKN CSIQ SPWR
RVBD CRUS SNDK CIEN KORS X STLD
WLT RALY YELP....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE responded positively to new progress being made in Senate to resolve shutdown & Debt limit. House may show its usual by changing anything passed by Senate, expect killing time till Thursday deadline. In the meantime TAPE may make new highs & we may see sell the news "because its priced in by the time everything is passed".....
BLOG does NOT give buy or sell.
Saleem
Indices UP .41% to .60%...NICE !!!!
Indices are near high of the day despite no resolution & postponement of White House meeting. They seems to be making progress in their deliberation.
S&P 500 @ 1710.78, high 1711
Internals are positive
Oil UP 27 cents
Gold UP $10.70
Canadian $ UP 3 tick @ 96.48
VIX UP 1.72% @ 15.99
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are UP
@ 3.09 following are red :
JKS YHOO NTES LEN TIF SINA EXPE
BIDU AMZN COH FFIV GRPN
WPRT M SPLK EGO SLW
GG AEM TRLA Z GS
MLNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1710.78, high 1711
Internals are positive
Oil UP 27 cents
Gold UP $10.70
Canadian $ UP 3 tick @ 96.48
VIX UP 1.72% @ 15.99
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are UP
@ 3.09 following are red :
JKS YHOO NTES LEN TIF SINA EXPE
BIDU AMZN COH FFIV GRPN
WPRT M SPLK EGO SLW
GG AEM TRLA Z GS
MLNX...
BLOG does NOT give buy or sell.
Saleem
Sunday, October 13, 2013
Thursday deadline looming........
Here we are stuck in the mud while House is gone home to celebrate weekend. Senators will duke it out with a mix of hope & hurdles......
Thursday is the "dead line"......no wonder this word is so disturbing.....
I do not expect anything to be done until the last second of Thursday dead line........
How will market react depends on what is announced before Japan opens or before US market opens......
What i am expecting is some kind of news of framework which needs to be voted....House is expected to vote on Monday evening.......
Monday may be OK on hope & Tuesday could be troubled as House may not agree in its vote......so it is back & forth until they kill the time until last second on Thursday.....
As we all have seen this movie before every three or six months...TAPE may be anticipating "final agreement by Thursday deadline.
TAPE also has to deal with "below expectations" Chinese trade data......
It is never easy in markets.......
It will be a good idea to buy or reposition on any weakness......
Some key earnings may give lift to sentiment..Tuesday is YHOO, Wednesday is SNDK & Thursday is GOOG......
Q 4 is a good time for technology & retail.....but this government shutdown may impact key Q 4 Sales for both sectors.......
Again strong companies may fare better in dealing with delayed Sales......
I am a bit optimistic as we are down to last 96 hours of haggling & then an itsy bitsy deal & everyone declares victory...all they will do is push everything to next 45 to 90 days.......
Never a dull moment in US political theatre......
BLOG does NOT give buy or sell.
Saleem
Thursday is the "dead line"......no wonder this word is so disturbing.....
I do not expect anything to be done until the last second of Thursday dead line........
How will market react depends on what is announced before Japan opens or before US market opens......
What i am expecting is some kind of news of framework which needs to be voted....House is expected to vote on Monday evening.......
Monday may be OK on hope & Tuesday could be troubled as House may not agree in its vote......so it is back & forth until they kill the time until last second on Thursday.....
As we all have seen this movie before every three or six months...TAPE may be anticipating "final agreement by Thursday deadline.
TAPE also has to deal with "below expectations" Chinese trade data......
It is never easy in markets.......
It will be a good idea to buy or reposition on any weakness......
Some key earnings may give lift to sentiment..Tuesday is YHOO, Wednesday is SNDK & Thursday is GOOG......
Q 4 is a good time for technology & retail.....but this government shutdown may impact key Q 4 Sales for both sectors.......
Again strong companies may fare better in dealing with delayed Sales......
I am a bit optimistic as we are down to last 96 hours of haggling & then an itsy bitsy deal & everyone declares victory...all they will do is push everything to next 45 to 90 days.......
Never a dull moment in US political theatre......
BLOG does NOT give buy or sell.
Saleem
Friday, October 11, 2013
Indices closed UP .63% to .83%...NICE !!!!
TAPE was strong again back to back after huge gain yesterday. This was a strong technical confirmation of this rally. Indices closed near high of the day.
S&P 500 @ 1703.20, high 1703.44
RSI @ 56.74
CMF @ 0.033
Internals were :
UP volume led by 2.34 to 1 in NYSE & 1.94 to 1 in Nasdaq
Advancing stocks led by 2.90 to 1 in NYSE & 2.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 157 in NYSE & 140 in Nasdaq
VIX 4.61% @ 15.72
Oil @ $102.02
Gold @ $1268.20
Canadian $ @ 96.58
Stocks which were UP 1% or more included AMCC FNSR JKS
TRIP LEN GMCR TIF SINA TSLA YY DNKN CSIQ
CMG AMZN EBAY YUM LVS WYNN BIDU
FFIV V SPWR MS WLT TRLA Z YELP....
Portfolio weighting :
FNSR 23.26%
AMCC 22.06%
YHOO 20.42%
JKS 17.14%
MU 17.12%
Exposure 182%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1703.20, high 1703.44
RSI @ 56.74
CMF @ 0.033
Internals were :
UP volume led by 2.34 to 1 in NYSE & 1.94 to 1 in Nasdaq
Advancing stocks led by 2.90 to 1 in NYSE & 2.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 157 in NYSE & 140 in Nasdaq
VIX 4.61% @ 15.72
Oil @ $102.02
Gold @ $1268.20
Canadian $ @ 96.58
Stocks which were UP 1% or more included AMCC FNSR JKS
TRIP LEN GMCR TIF SINA TSLA YY DNKN CSIQ
CMG AMZN EBAY YUM LVS WYNN BIDU
FFIV V SPWR MS WLT TRLA Z YELP....
Portfolio weighting :
FNSR 23.26%
AMCC 22.06%
YHOO 20.42%
JKS 17.14%
MU 17.12%
Exposure 182%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 10, 2013
Indices closed UP 2.18% to 2.26%.....NICE !!!!
TAPE was on fire on hope of a deal on debt ceiling.
S&P 500 @ 1692.56
RSI @ 53.58
CMF 0.017
Internals were :
UP volume led by 12.98 to 1 in NYSE & 11.80 to 1 in Nasdaq
Advancing stocks led by 6.15 to 1 in NYSE & 5.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 77 in Nasdaq
VIX Down 15.92% @ 16.48
Oil @ $103.01
Gold @ $1296.90
Stocks which closed UP 2% or more included AMCC FNSR JKS YHOO DRYS LNKD CLDX LULU QIHU TRIP NFLX FB
TSLA KORS YY CSIQ EXPE AMZN EBAY LVS
WYNN BIDU PCLN MA V GRPN ARUN
CRUS LRCX BRCM CIEN JDSU C
CSOD M SPLK SBUX X STLD
SPWR MGA MS GS RALY
YELP MLNX.....
AH ER MU Down 1.68%.....MU was a reported beat on Sales @ $2.843 Billion vs expectations of $2.71 Billion, EPS came in @ 29 cents incorrectly reported @ 20 cents in press release but clarified in conference call @ net net 29 cents vs expectations of 25 cents..a beat by 4 cents....? Conference call was very upbeat!!!
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE got just the excuse to go up in a hurry when politicians cried uncle. It was a broad based rally & closed @ absolute high of the day in two indices. Once the talk starts it should be productive but it is a game of chicken & doing absolutely little in the end. YES TAPE will run with little bit of work & lot of drama. IBD is so impressed with TAPE today that they have changed their market outlook tonight to "market uptrend under pressure"
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1692.56
RSI @ 53.58
CMF 0.017
Internals were :
UP volume led by 12.98 to 1 in NYSE & 11.80 to 1 in Nasdaq
Advancing stocks led by 6.15 to 1 in NYSE & 5.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 77 in Nasdaq
VIX Down 15.92% @ 16.48
Oil @ $103.01
Gold @ $1296.90
Stocks which closed UP 2% or more included AMCC FNSR JKS YHOO DRYS LNKD CLDX LULU QIHU TRIP NFLX FB
TSLA KORS YY CSIQ EXPE AMZN EBAY LVS
WYNN BIDU PCLN MA V GRPN ARUN
CRUS LRCX BRCM CIEN JDSU C
CSOD M SPLK SBUX X STLD
SPWR MGA MS GS RALY
YELP MLNX.....
AH ER MU Down 1.68%.....MU was a reported beat on Sales @ $2.843 Billion vs expectations of $2.71 Billion, EPS came in @ 29 cents incorrectly reported @ 20 cents in press release but clarified in conference call @ net net 29 cents vs expectations of 25 cents..a beat by 4 cents....? Conference call was very upbeat!!!
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE got just the excuse to go up in a hurry when politicians cried uncle. It was a broad based rally & closed @ absolute high of the day in two indices. Once the talk starts it should be productive but it is a game of chicken & doing absolutely little in the end. YES TAPE will run with little bit of work & lot of drama. IBD is so impressed with TAPE today that they have changed their market outlook tonight to "market uptrend under pressure"
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.52% to 1.79%...NICE !!!!
Indices are reacting to positive environment for negotiation & extension of debt ceiling.
S&P 500 @ 1682.22, high so far 1685.43
Internals are positive by 5 to 1
Oil UP $1.75
Gold Down $9.70
Canadian UP 8 tick @ 96.28
VIX Down 14.80% @ 16.70
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are green
@ 2.04 following are red :
GMCR YUM RVBD PANW GG CCJ
TRLA Z .....
MU reports AH, Sales are expected to be $2.71 Billion EPS 25 cents, guidance expected Sales $3.61 Billion EPS 47 cents.....MU is a turnaround story with strong fundamental improvement.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1682.22, high so far 1685.43
Internals are positive by 5 to 1
Oil UP $1.75
Gold Down $9.70
Canadian UP 8 tick @ 96.28
VIX Down 14.80% @ 16.70
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are green
@ 2.04 following are red :
GMCR YUM RVBD PANW GG CCJ
TRLA Z .....
MU reports AH, Sales are expected to be $2.71 Billion EPS 25 cents, guidance expected Sales $3.61 Billion EPS 47 cents.....MU is a turnaround story with strong fundamental improvement.
BLOG does NOT give buy or sell.
Saleem
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