Indices closed mixed after making intraday all time highs.
S&P 500 @ 1805.81, high 1813.55
RSI @ 65.86
CMF @ 0.265
Internals were :
UP volume led by .96 to 1 in NYSE & 1.39 to 1 in Nasdaq
Advancing stocks led by 1.26 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 192 in NYSE & 303 in Nasdaq
VIX UP 5.55% @ 13.70
Oil @ $93.52
Gold @ 1250.40
Canadian $ @ 94.21, a new 3 yr low against US$
Stocks which closed green included ARUN AUY
KOG BIDU EXPE FB AMZN NFLX PCLN
AAPL TWTR TSLA EBAY LNKD COH
SNDK CIEN TCK MCD SU EGO GG
SLW AEM JCP CSOD Z WYNN
LVS GS AGU RALY....
Portfolio weighting :
SINA 32.95%
JKS 32.31%
QIHU 14.94%
AUY 10.00
ARUN 9.80%
Exposure 125%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, November 29, 2013
Wednesday, November 27, 2013
Indices closed UP .15% to .67%.....NICE !!!!
All indices closed @ the highest level.
S&P 500 @ 1807.23, high 1808.27
RSI @ 66.78
CMF @ 0.202
Internals were :
UP volume led by 1.69 to 1 in NYSE & 2.91 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 153 in NYSE & 271 in Nasdaq
VIX UP 1.33% @ 12.98
Oil @ $92.30
Gold @ $1237.90
Stocks which were UP 1% or more included SINA
MU EXPE FB AMZN NFLX LUV KORS
AAPL LULU FSLR RVBD CRUS
GMCR SNDK AMCC TWTR
DNKN TSLA EBAY LVS
COH M X EGO SLW
AEM JCP Z RALY
MLNX....
AH Futures UP
AH Asian Markets UP
Oil Down
Gold UP
About market, TAPE closed near high of the day @ record highs. World markets are open on Thursday including Canada which will build on US strong close. I expect US market to continue moving UP on Friday & beyond.
BLOG does NOT give buy or sell.
Next post on Friday after close of trading.
Have a very happy Thanksgiving with family & friends !!!!
Saleem
S&P 500 @ 1807.23, high 1808.27
RSI @ 66.78
CMF @ 0.202
Internals were :
UP volume led by 1.69 to 1 in NYSE & 2.91 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 153 in NYSE & 271 in Nasdaq
VIX UP 1.33% @ 12.98
Oil @ $92.30
Gold @ $1237.90
Stocks which were UP 1% or more included SINA
MU EXPE FB AMZN NFLX LUV KORS
AAPL LULU FSLR RVBD CRUS
GMCR SNDK AMCC TWTR
DNKN TSLA EBAY LVS
COH M X EGO SLW
AEM JCP Z RALY
MLNX....
AH Futures UP
AH Asian Markets UP
Oil Down
Gold UP
About market, TAPE closed near high of the day @ record highs. World markets are open on Thursday including Canada which will build on US strong close. I expect US market to continue moving UP on Friday & beyond.
BLOG does NOT give buy or sell.
Next post on Friday after close of trading.
Have a very happy Thanksgiving with family & friends !!!!
Saleem
Indices UP .03% to .45%....NICE !!!!
Indices are green in quite trade before Thanksgiving holiday.
S&P 500 @ 1804.74, high 1808.27
Internals are positive
Oil Down $1.73
Gold Down $3.00
Canadian $ Down 48 tick @ 94.37
VIX UP .70% @ 12.90
In my portfolio :
Added 150% AUY @ $8.84
Portfolio ARUN JKS SINA QIHU AUY
Most stocks are UP
@ 2.08 following are red :
JKS QIHU KOG BLOX BIDU MS LEN
SU YUM YNDX GRPN LRCX JDSU
TCK SPLK SBUX MCD STLD
WUBA CSOD TRLA YELP....
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 1804.74, high 1808.27
Internals are positive
Oil Down $1.73
Gold Down $3.00
Canadian $ Down 48 tick @ 94.37
VIX UP .70% @ 12.90
In my portfolio :
Added 150% AUY @ $8.84
Portfolio ARUN JKS SINA QIHU AUY
Most stocks are UP
@ 2.08 following are red :
JKS QIHU KOG BLOX BIDU MS LEN
SU YUM YNDX GRPN LRCX JDSU
TCK SPLK SBUX MCD STLD
WUBA CSOD TRLA YELP....
BLOG does NOT give buy or sell
Saleem
Tuesday, November 26, 2013
Indices closed green....NICE !!!!
Indices closed green while Nasdaq closed @ the highest level in 13 years.
S&P 500 @ 1802.75, high 1808.42, low 1800.77
RSI @ 65.37
CMF @ 0.159
Internals were :
UP volume led by .97 to 1 in NYSE & 1.34 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 196 in Nasdaq
VIX UP .16% @ 12.81
Oil @ $93.68
Gold @ $1241.40
Stocks which closed UP 2% or more included JKS QIHU SINA
MU FB LEN CSIQ LNKD BIDU COH TWTR YNDX
CRUS PANW SPLK WUBA SPWR CSOD
TRLA Z YELP.....
AH ER :
HPQ UP 5.62%, BLOX Down 17.93%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Nasdaq @ 4017.75 which is the highest close since Y2K bull run. Wednesday going to be low volume positive day, Friday being half day could be a record low volume also. Uptrend remains in tact, exposure needs to be maintained in pre / post Black Friday & Cyber Monday excitement / UP moves.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1802.75, high 1808.42, low 1800.77
RSI @ 65.37
CMF @ 0.159
Internals were :
UP volume led by .97 to 1 in NYSE & 1.34 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 196 in Nasdaq
VIX UP .16% @ 12.81
Oil @ $93.68
Gold @ $1241.40
Stocks which closed UP 2% or more included JKS QIHU SINA
MU FB LEN CSIQ LNKD BIDU COH TWTR YNDX
CRUS PANW SPLK WUBA SPWR CSOD
TRLA Z YELP.....
AH ER :
HPQ UP 5.62%, BLOX Down 17.93%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Nasdaq @ 4017.75 which is the highest close since Y2K bull run. Wednesday going to be low volume positive day, Friday being half day could be a record low volume also. Uptrend remains in tact, exposure needs to be maintained in pre / post Black Friday & Cyber Monday excitement / UP moves.
BLOG does NOT give buy or sell.
Saleem
Indices UP .20% to .66%....NICE !!!!
Indices are trading near high of the day after losing some ground yesterday.
S&P 500 @ 1807.47, high 1807.79
Internals are positive
Oil Down 13 cents
Gold UP 50 cents
Canadian $ Down 11 tick @ 94.80
VIX Down 1.80% @ 12.56
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are UP
@ 2.11 following are red :
ARUN AUY JASO LUV MS LULU FSLR
TSL CMG SU EBAY YUM GMCR C
BRCM TCK MCD X STLD EGO
SLW GG CCJ MGA MS WLT
GS AGU RALY MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1807.47, high 1807.79
Internals are positive
Oil Down 13 cents
Gold UP 50 cents
Canadian $ Down 11 tick @ 94.80
VIX Down 1.80% @ 12.56
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are UP
@ 2.11 following are red :
ARUN AUY JASO LUV MS LULU FSLR
TSL CMG SU EBAY YUM GMCR C
BRCM TCK MCD X STLD EGO
SLW GG CCJ MGA MS WLT
GS AGU RALY MLNX....
BLOG does NOT give buy or sell.
Saleem
Monday, November 25, 2013
Indices closed mixed.....
TAPE staged another reversal & closed near low of the gay.
S&P 500 @ 1802.48, low 1800.58, high 1808.10
RSI @ 65.28
CMF @ 0.232
Internals were :
Down volume led by 1.32 to 1 in NYSE & 1.25 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 176 in NYSE & 224 in Nasdaq
VIX UP 4.32% @ 12.79
Oil @ $94.09
Gold @ $1241.20
Stocks which closed green included AUY
AMZN NFLX MS PCLN AAPL MA
GOOG LULU DNKN COH YNDX
LRCX CIEN JDSU FNSR PANW
C M MCD X EGO AEM CCJ
GS AGU JCP WYNN.....
AH ER :
NUAN Down 6.5%, WDAY UP 8.39%, PANW UP 9%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Iranian agreement euphoria only lasted till open after that it was downhill. Many stocks got beaten up especially Chinese & Social media stocks, some are near recent trading lows. As usual these weakness are buying opportunity. I expect recovery in beaten down stocks until Wednesday close. Week of Thanksgiving is bullish, i find no reason to doubt that despite today's TAPE action.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1802.48, low 1800.58, high 1808.10
RSI @ 65.28
CMF @ 0.232
Internals were :
Down volume led by 1.32 to 1 in NYSE & 1.25 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 176 in NYSE & 224 in Nasdaq
VIX UP 4.32% @ 12.79
Oil @ $94.09
Gold @ $1241.20
Stocks which closed green included AUY
AMZN NFLX MS PCLN AAPL MA
GOOG LULU DNKN COH YNDX
LRCX CIEN JDSU FNSR PANW
C M MCD X EGO AEM CCJ
GS AGU JCP WYNN.....
AH ER :
NUAN Down 6.5%, WDAY UP 8.39%, PANW UP 9%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Iranian agreement euphoria only lasted till open after that it was downhill. Many stocks got beaten up especially Chinese & Social media stocks, some are near recent trading lows. As usual these weakness are buying opportunity. I expect recovery in beaten down stocks until Wednesday close. Week of Thanksgiving is bullish, i find no reason to doubt that despite today's TAPE action.
BLOG does NOT give buy or sell.
Saleem
Indices UP .15% to .33%.....NICE !!!!
Indices are UP again making all time highs.
S&P 500 @ 1807.62, high 1808.10
Internals are mixed
Oil Down 74 cents
Gold Down $1.80
Canadian $ Down 42 tick @ 94.69
VIX UP 2.37% @ 12.55
In my portfolio :
Bought AUY @ $8.71
Portfolio ARUN JKS QIHU SINA AUY
QIHU earnings came out better than expected in Q3 sales of $187.9 Million a beat of $6.16 million
Q3 EPS came in @ 47 cents a beat of 10 cents
Q4 guidance Sales $206 to $208 million vs expectations of $203.77 million
Conference call was upbeat & confident in tackling challenges in their business...
All of the above good news is resulting in a sell off of 8.03% ?????
Most stocks are UP
@ 2.06 following are red :
ARUN JKS QIHU SINA AUY JASO TSL CSIQ SPWR
FSLR BIDU MU EXPE FB KORS TWTR GMCR
CMG SU EBAY LNKD FFIV RVBD CRUS
SNDK KOG TCK SPLK SBUX X STLD
SLW GG WUBA CSOD MGA WLT
TRLA RALY YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1807.62, high 1808.10
Internals are mixed
Oil Down 74 cents
Gold Down $1.80
Canadian $ Down 42 tick @ 94.69
VIX UP 2.37% @ 12.55
In my portfolio :
Bought AUY @ $8.71
Portfolio ARUN JKS QIHU SINA AUY
QIHU earnings came out better than expected in Q3 sales of $187.9 Million a beat of $6.16 million
Q3 EPS came in @ 47 cents a beat of 10 cents
Q4 guidance Sales $206 to $208 million vs expectations of $203.77 million
Conference call was upbeat & confident in tackling challenges in their business...
All of the above good news is resulting in a sell off of 8.03% ?????
Most stocks are UP
@ 2.06 following are red :
ARUN JKS QIHU SINA AUY JASO TSL CSIQ SPWR
FSLR BIDU MU EXPE FB KORS TWTR GMCR
CMG SU EBAY LNKD FFIV RVBD CRUS
SNDK KOG TCK SPLK SBUX X STLD
SLW GG WUBA CSOD MGA WLT
TRLA RALY YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 24, 2013
Last week & next week TAPE......
Last week saw a quick pullback for 72 hours as anticipated. We saw the following TAPE action from Monday to Wednesday :
S&P 500 High 1798.22 Low 1777.23 pullback of 20.99 points or 1.17%
Nasdaq High 3994.97 Low 3911.61 pullback of 83.36 points or 2.09%
It is important to go back & check your own expectations in terms of actual TAPE action, i was very worried about over confidence & saw a reality check by TAPE.....as this pullback was quick & intense in Nasdaq, we got the "froth" out of the way in a hurry. This pullback was NOT triggered by anything except "too few bears"......NOT a news driven but "technically driven"...one needs to watch these things in future also.
OK...where we go NOW ?
As S&P 500 has broken out & closed @ all time high, it IS extremely bullish. I see an easy jump to 1860 area which is a jump of another 55 S&P 500 points or further 3.05%.....then we will evaluate as to sentiment or strength.
We are entering month end buying, i am expecting a fast paced move UP in TAPE.
After month end buying we are entering the-most bullish month of the year which IS December......we may be looking @ next few weeks as the most spirited buying for year end positioning & performance run.....
It is highly desirable to be overexposed in your allocation & aggressive posture should be rewarded.
I cannot recall any other time since 1999-2000 year end to be so favorable for equities.
SO...stay with your stocks & keep adding until you have full allocation...this rally may continue till first week of January in celebration of Christmas & New Year of 2014.....
Good luck with your portfolio as "stars are all lined up favorably"
Please keep in mind that we are open only 3.5 days as Thursday is closed & Friday we close @ 1PM....
BLOG does NOT give buy or sell.
Saleem
S&P 500 High 1798.22 Low 1777.23 pullback of 20.99 points or 1.17%
Nasdaq High 3994.97 Low 3911.61 pullback of 83.36 points or 2.09%
It is important to go back & check your own expectations in terms of actual TAPE action, i was very worried about over confidence & saw a reality check by TAPE.....as this pullback was quick & intense in Nasdaq, we got the "froth" out of the way in a hurry. This pullback was NOT triggered by anything except "too few bears"......NOT a news driven but "technically driven"...one needs to watch these things in future also.
OK...where we go NOW ?
As S&P 500 has broken out & closed @ all time high, it IS extremely bullish. I see an easy jump to 1860 area which is a jump of another 55 S&P 500 points or further 3.05%.....then we will evaluate as to sentiment or strength.
We are entering month end buying, i am expecting a fast paced move UP in TAPE.
After month end buying we are entering the-most bullish month of the year which IS December......we may be looking @ next few weeks as the most spirited buying for year end positioning & performance run.....
It is highly desirable to be overexposed in your allocation & aggressive posture should be rewarded.
I cannot recall any other time since 1999-2000 year end to be so favorable for equities.
SO...stay with your stocks & keep adding until you have full allocation...this rally may continue till first week of January in celebration of Christmas & New Year of 2014.....
Good luck with your portfolio as "stars are all lined up favorably"
Please keep in mind that we are open only 3.5 days as Thursday is closed & Friday we close @ 1PM....
BLOG does NOT give buy or sell.
Saleem
Friday, November 22, 2013
Indices closed UP .34% to .57%....NICE !!!!
TAPE was strong to close @ new record highs in all indices.
S&P 500 @ 1804.76, high 1804.84
RSI @ 66.53
CMF @ 0.265
Internals were :
UP volume led by 1.98 to 1 in NYSE & 1.46 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 166 in NYSE & 202 in Nasdaq
VIX Down 3.16% @ 12.26, heading towards 11.05 reached on March 14,2013 which is a 52 wk low..
Oil @ $94.84
Gold @ $1244.10
Canadian $ @ 94.65
Stocks which closed green included ARUN JKS QIHU
MU KORS AMCC PANW M SPLK MCD CCJ
MA V CSOD BBRY MS LVS GS AMZN
LRCX C YHOO DNKN YUM....
In my portfolio :
Sold FNSR $20.71
Sold TSL $15.93
Bought QIHU $87.36
Bought JKS $33.89
Here is my weighting :
JKS 38.66%
SINA 34.47%
QIHU 16.46%
ARUN 10.41%
Exposure 110%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Bought QIHU reporting before open on Monday....
Sold FNSR @ $20.71
Bought QIHU @ $87.36
QIHU reporting before open on Monday, conference call @ 730 AM
Expectations are :
Q3 Sales $181.74 million, EPS 37 cents
Guidance Q4 Sales $203.77 Million, EPS 42 cents
Portfolio ARUN SINA TSL QIHU
BLOG does NOT give buy or sell.
Saleem
Bought QIHU @ $87.36
QIHU reporting before open on Monday, conference call @ 730 AM
Expectations are :
Q3 Sales $181.74 million, EPS 37 cents
Guidance Q4 Sales $203.77 Million, EPS 42 cents
Portfolio ARUN SINA TSL QIHU
BLOG does NOT give buy or sell.
Saleem
Thursday, November 21, 2013
Indices closed UP .69% to 1.22%....NICE !!!!
Indices closed UP on renewed buying.
S&P 500 @ 1795.85, high 1797.16
RSI @ 64.04
CMF @ 0.268
Internals were :
UP volume led by 2.96 to 1 in NYSE & 5.79 to 1 in Nasdaq
Advancing stocks led by 2.96 to 1 in NYSE & 3.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 149 in Nasdaq
VIX Down 5.52% @ 12.66
Oil @ $95.44
Gold @ $1243.60
Stocks which were UP 2% or more included TSL ARUN
MU EXPE NFLX LUV MS YELP JKS PANW
LNKD TWTR GMCR YUM YNDX
GRPN LRCX AMCC JDSU Z
SBUX SPWR CSOD TRLA
WYNN RALY MLNX....
AH ER :
GPS Down 1.10%, MRVL UP 6.22%, SPLK UP 10.18%,
ARUN 10.47%
ARUN ER was a beat on Slaes @ $160.9 Million vs $157.58 Million
EPS was a beat @ 16 cents vs expected 14 cents
Guidance was higher @ $165 to $169 Million vs $166.05 Million
Conference call was upbeat & very optimistic about second half.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE clearly defied "common logic " by going UP after yesterday's negative reaction to nothing new from Fed. It IS important to have your own views on Fed or TAPE which IS constantly evolving every 48 hours for traders. For investors this market is a dream come true which IS steady as she goes. We are all set to take out all time intraday highs while closing highs have been taken out already.
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 1795.85, high 1797.16
RSI @ 64.04
CMF @ 0.268
Internals were :
UP volume led by 2.96 to 1 in NYSE & 5.79 to 1 in Nasdaq
Advancing stocks led by 2.96 to 1 in NYSE & 3.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 149 in Nasdaq
VIX Down 5.52% @ 12.66
Oil @ $95.44
Gold @ $1243.60
Stocks which were UP 2% or more included TSL ARUN
MU EXPE NFLX LUV MS YELP JKS PANW
LNKD TWTR GMCR YUM YNDX
GRPN LRCX AMCC JDSU Z
SBUX SPWR CSOD TRLA
WYNN RALY MLNX....
AH ER :
GPS Down 1.10%, MRVL UP 6.22%, SPLK UP 10.18%,
ARUN 10.47%
ARUN ER was a beat on Slaes @ $160.9 Million vs $157.58 Million
EPS was a beat @ 16 cents vs expected 14 cents
Guidance was higher @ $165 to $169 Million vs $166.05 Million
Conference call was upbeat & very optimistic about second half.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE clearly defied "common logic " by going UP after yesterday's negative reaction to nothing new from Fed. It IS important to have your own views on Fed or TAPE which IS constantly evolving every 48 hours for traders. For investors this market is a dream come true which IS steady as she goes. We are all set to take out all time intraday highs while closing highs have been taken out already.
BLOG does NOT give buy or sell
Saleem
Bought ARUN @ $16.98.....reports tonight
Bought ARUN @ $16.98
Q1 Sales expectations are $157.58 Million, EPS 14 cents
Q2 Guidance Sales $166.05 Million, EPS 16 cents
Reports AH.....
Conference call @ 5 PM
Portfolio ARUN FNSR SINA TSL
BLOG does NOT give buy or sell.
Saleem
Q1 Sales expectations are $157.58 Million, EPS 14 cents
Q2 Guidance Sales $166.05 Million, EPS 16 cents
Reports AH.....
Conference call @ 5 PM
Portfolio ARUN FNSR SINA TSL
BLOG does NOT give buy or sell.
Saleem
Indices are UP .67% to 1.04%....NICE !!!!
Indices are trading near high of the day, Taper is not an issue as it IS a sign that US economy is improving which is good for the market.
S&P 500 @ 1795.60 @ absolute high of the day.
Internals are positive by almost 3 to 1
Oil UP $1.41
Gold Down $15.00
Canadian $ Down 65 tick @ 94.82
VIX Down 7.09% @ 12.45
Portfolio FNSR SINA TSL
Most stocks are UP
@ 1.55 following are red :
CIEN EBAY M SPLK X EGO SLW GG AEM
JCP BBRY WLT AGU....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1795.60 @ absolute high of the day.
Internals are positive by almost 3 to 1
Oil UP $1.41
Gold Down $15.00
Canadian $ Down 65 tick @ 94.82
VIX Down 7.09% @ 12.45
Portfolio FNSR SINA TSL
Most stocks are UP
@ 1.55 following are red :
CIEN EBAY M SPLK X EGO SLW GG AEM
JCP BBRY WLT AGU....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 20, 2013
Indices closed down .26% to .41%.......
Indices closed down in reaction to Fed minutes.
S&P 500 @ 1781.37, low 1777.23
RSI @ 59.48
CMF @ 0.257
Internals were :
Down volume led by 1.96 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.98 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 0 in NYSE & 51 in Nasdaq
VIX UP 0.07% @ 13.40
Oil @ $93.85
Gold @ $1258.00
Stocks which closed green included TSL
EXPE FB CSIQ JKS SPWR SU V
NFLX PCLN LULU FSLR JCP
M AGU RALY......
AH ER :
LTD Down 3.28%, GMCR UP 4.64%, WSM UP 6.18%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Traders overreacted to Fed intentions of "reducing Bond buying" IF economic conditions warrants......They MAY start reducing in January of 2014 in my estimation. You can tell by the reaction in VIX that it did not budge on the day which means hedge funds are not panicking. Try to pick up bargains IF your comfort level is high.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1781.37, low 1777.23
RSI @ 59.48
CMF @ 0.257
Internals were :
Down volume led by 1.96 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.98 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 0 in NYSE & 51 in Nasdaq
VIX UP 0.07% @ 13.40
Oil @ $93.85
Gold @ $1258.00
Stocks which closed green included TSL
EXPE FB CSIQ JKS SPWR SU V
NFLX PCLN LULU FSLR JCP
M AGU RALY......
AH ER :
LTD Down 3.28%, GMCR UP 4.64%, WSM UP 6.18%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Traders overreacted to Fed intentions of "reducing Bond buying" IF economic conditions warrants......They MAY start reducing in January of 2014 in my estimation. You can tell by the reaction in VIX that it did not budge on the day which means hedge funds are not panicking. Try to pick up bargains IF your comfort level is high.
BLOG does NOT give buy or sell.
Saleem
Indices UP .09% to .27%......NICE !!!!
Indices are ahead of Fed minutes which is expected to be market friendly.
S&P 500 @ 1789.89, high 1795.73
Internals are positive
Oil UP 22 cents
Gold Down $14.50
Canadian $ UP 17 tick @ 95.68
VIX Down 3.06% @ 12.98
Portfolio FNSR SINA TSL
Most stocks are UP
@ 1.32 following are red :
MU AMZN BIDU TWTR KORS TSLA QIHU
AAPL LNKD GMCR DNKN CMG YUM
EBAY YNDX GRPN RVBD ARUN
BRCM AMCC C SBUX MCD
EGO GG AEM MGA TRLA
Z MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1789.89, high 1795.73
Internals are positive
Oil UP 22 cents
Gold Down $14.50
Canadian $ UP 17 tick @ 95.68
VIX Down 3.06% @ 12.98
Portfolio FNSR SINA TSL
Most stocks are UP
@ 1.32 following are red :
MU AMZN BIDU TWTR KORS TSLA QIHU
AAPL LNKD GMCR DNKN CMG YUM
EBAY YNDX GRPN RVBD ARUN
BRCM AMCC C SBUX MCD
EGO GG AEM MGA TRLA
Z MLNX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 19, 2013
Indices closed down .06% to .44%.....
Indices closed down again.
S&P 500 @ 1787.87, low 1784.72
RSI @ 62.80
CMF @ 0.281
Internals were :
Down volume led by 2.28 to 1 in NYSE & 1.62 to 1 in Nasdaq
Declining stocks led by 2.27 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 52 in Nasdaq
VIX UP 2.21% @ 13.39
Oil @ $93.34
Gold @ $1273.50
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, I am feeling a bit positive about TAPE going into Wednesday. Nasdaq was the-worst performer by shedding 71.50 points or down 1.79% while S&P 500 was down only .98%....this relative strength is encouraging. Nasdaq did react negatively to overbought conditions in two day selling, much of the froth is gone from Nasdaq. Sentiment has also turned negative in a hurry which is a contrary indicator based on my read. We may get technical bounce on Wednesday & may build from there. Fed minutes to be released @ 2 PM should give boost to equities.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1787.87, low 1784.72
RSI @ 62.80
CMF @ 0.281
Internals were :
Down volume led by 2.28 to 1 in NYSE & 1.62 to 1 in Nasdaq
Declining stocks led by 2.27 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 52 in Nasdaq
VIX UP 2.21% @ 13.39
Oil @ $93.34
Gold @ $1273.50
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, I am feeling a bit positive about TAPE going into Wednesday. Nasdaq was the-worst performer by shedding 71.50 points or down 1.79% while S&P 500 was down only .98%....this relative strength is encouraging. Nasdaq did react negatively to overbought conditions in two day selling, much of the froth is gone from Nasdaq. Sentiment has also turned negative in a hurry which is a contrary indicator based on my read. We may get technical bounce on Wednesday & may build from there. Fed minutes to be released @ 2 PM should give boost to equities.
BLOG does NOT give buy or sell.
Saleem
Indices down .12% to .55%......
Indices are making lower lows again.
S&P 500 @ 1785.48, low 1784.95
Internals are negative by 2 to 1
Oil UP 35 cents
Gold UP $2.40
Canadian $ Down 41 tick @ 95.45
VIX UP 3.82% @ 13.60
Portfolio FNSR SINA TSL
TSL earning report for Q3 was a major beat as follows :
Sales actual $548.40 Million expectation $472.92
EPS actual gain of 14 cents, expectation loss of 14 cents
Guidance increased for 2013 to 2.58 to 2.62 GW vs previous of 2.3 to 2.4 GW
Gross margin Q3 15.2% vs 11.6% in Q2
Every category was a sequential gain from Q2......but some analysts are playing game with this stock as they were caught with their prediction of loss.....
Conference call was pointing to further improvement in every category in Q 4 & going forward......when analysts are short before earnings, they can manipulate any stock until they have covered...i am staying in TSL.....TSL Down 6.18%
Most stocks are down
@ 2.08 following are green :
NFLX MS FB TSLA AAPL LUV CMG
EBAY YUM C SPLK MCD STLD
AEM WUBA GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1785.48, low 1784.95
Internals are negative by 2 to 1
Oil UP 35 cents
Gold UP $2.40
Canadian $ Down 41 tick @ 95.45
VIX UP 3.82% @ 13.60
Portfolio FNSR SINA TSL
TSL earning report for Q3 was a major beat as follows :
Sales actual $548.40 Million expectation $472.92
EPS actual gain of 14 cents, expectation loss of 14 cents
Guidance increased for 2013 to 2.58 to 2.62 GW vs previous of 2.3 to 2.4 GW
Gross margin Q3 15.2% vs 11.6% in Q2
Every category was a sequential gain from Q2......but some analysts are playing game with this stock as they were caught with their prediction of loss.....
Conference call was pointing to further improvement in every category in Q 4 & going forward......when analysts are short before earnings, they can manipulate any stock until they have covered...i am staying in TSL.....TSL Down 6.18%
Most stocks are down
@ 2.08 following are green :
NFLX MS FB TSLA AAPL LUV CMG
EBAY YUM C SPLK MCD STLD
AEM WUBA GS.....
BLOG does NOT give buy or sell.
Saleem
Monday, November 18, 2013
Indices closed mixed.......
Indices closed mixed after opening higher, Dow gained 14.32 points @ close.
S&P 500 @ 1791.53, low 1788.00
RSI @ 64.68
CMF @ 0.313
Internals were :
Down volume led by 1.91 to 1 in NYSE & 3.05 to 1 in Nasdaq
Declining stocks led by 1.57 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 255 in NYSE & 164 in Nasdaq
VIX UP 7.47% @ 13.10
Oil @ $93.03
Gold @ $1272.30
Stocks which closed green included TSL
MS BIDU GMCR LEN MA YNDX
JKS C MCD CCJ WUBA WYNN
GS AGU.....
AH ER :
BRCD UP 5.25%, CRM Down .92%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, we saw weakening of TAPE right after opening higher, any reversal needs to be taken seriously as it is a major technical indicator of health of this TAPE. We need to monitor close for further clue as to the strength or lack of. Icahn is worried about TAPE also for totally different reason which actually has propelled this market to the highest point in history, his rationale is not based on sound logic. Look for trading opportunities for a quick profit until TAPE is healthier.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1791.53, low 1788.00
RSI @ 64.68
CMF @ 0.313
Internals were :
Down volume led by 1.91 to 1 in NYSE & 3.05 to 1 in Nasdaq
Declining stocks led by 1.57 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 255 in NYSE & 164 in Nasdaq
VIX UP 7.47% @ 13.10
Oil @ $93.03
Gold @ $1272.30
Stocks which closed green included TSL
MS BIDU GMCR LEN MA YNDX
JKS C MCD CCJ WUBA WYNN
GS AGU.....
AH ER :
BRCD UP 5.25%, CRM Down .92%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, we saw weakening of TAPE right after opening higher, any reversal needs to be taken seriously as it is a major technical indicator of health of this TAPE. We need to monitor close for further clue as to the strength or lack of. Icahn is worried about TAPE also for totally different reason which actually has propelled this market to the highest point in history, his rationale is not based on sound logic. Look for trading opportunities for a quick profit until TAPE is healthier.
BLOG does NOT give buy or sell.
Saleem
Indices are mixed.....
Indices are mixed after being UP @ open.
S&P 500 @1799.54, high 1802.33
Internals are mostly positive.
Oil Down 84 cents
Gold Down $14.30
Canadian $ UP 9 tick @ 95.88
VIX UP 3.04% @ 12.56
In my portfolio :
Bought TSL @ $16.74
Portfolio FNSR LNKD SINA TSL
Exposure 108%
Most stocks are UP
@ 2.09 following are red :
LNKD SINA AMZN NFLX FB KORS TSLA
QIHU AAPL YELP TWTR CIEN DNKN
CMG EBAY YUM FFIV V PCLN
FSLR ARUN LRCX SNDK
AMCC PANW M SBUX
X SLW EGO GG AEM
JCP CSOD MGA
BBRY WLT Z
TRLA RALY
MLNX....
TSL reports before open Tuesday :
Expectations are Q3 Sales $472.92 Million, EPS Loss 14 cents
Guidance Q4 Sales $474.78 Million, EPS loss 2 cents
Conference call @ 8 AM Tuesday
TSL used to be the-best operating Solar company but it has fallen behind to JKS & CSIQ, Can it move UP again as the leader....conference call, Q3 results plus Q4 guidance can set the tone going forward.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @1799.54, high 1802.33
Internals are mostly positive.
Oil Down 84 cents
Gold Down $14.30
Canadian $ UP 9 tick @ 95.88
VIX UP 3.04% @ 12.56
In my portfolio :
Bought TSL @ $16.74
Portfolio FNSR LNKD SINA TSL
Exposure 108%
Most stocks are UP
@ 2.09 following are red :
LNKD SINA AMZN NFLX FB KORS TSLA
QIHU AAPL YELP TWTR CIEN DNKN
CMG EBAY YUM FFIV V PCLN
FSLR ARUN LRCX SNDK
AMCC PANW M SBUX
X SLW EGO GG AEM
JCP CSOD MGA
BBRY WLT Z
TRLA RALY
MLNX....
TSL reports before open Tuesday :
Expectations are Q3 Sales $472.92 Million, EPS Loss 14 cents
Guidance Q4 Sales $474.78 Million, EPS loss 2 cents
Conference call @ 8 AM Tuesday
TSL used to be the-best operating Solar company but it has fallen behind to JKS & CSIQ, Can it move UP again as the leader....conference call, Q3 results plus Q4 guidance can set the tone going forward.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 17, 2013
Risk reward ratio is challenged.......
While majority of market pundits are overjoyed @ the prospect of year end rally, i am extremely concerned for next seven trading days.....
What is bothering me the most is the fact that we have rallied strongly due to Janet Yellen effect. After each rally point comes digestive period & we may have entered one of those fast paced pullback.
Majority of traders are too optimistic which is a very reliable contrary indicator. That euphoria generally ends in a fast pullback.
I monitor "euphoria meter" quite closely which includes famous pundits & message boards, both are in an "extreme euphoric mode"
Many strong stocks have rallied strongly retracing all the muddy water effect & some......thus time to lock profit & reduce exposure.
Generally my "action" is indicative of my worries.
After i had acted in selling some key position & reducing my exposure by half, comes the report of bears @ only 15.5% which is a 25 years low...lowest since March of 1987........1987 brings painful memory for me of a "major crash"
Lowest bear ratio is a very reliable "contrary reading"...means we are extremely vulnerable to a serious down move......
Please do NOT ignore above "euphoria analysis"
OK...so how vulnerable are we.......?
@ any major down move we have a history of close to 10%.......
Since year end & month end are coming to play we may be spared with close to 6% down move......
Do NOT under estimate the power of 6% down move in indices......that may result in 12% down move in many stocks...which is quite painful for any portfolio......this also means that IF you have 3 stocks in your portfolio & they are all down 12%...you can do the math & impact on your portfolio & equity.....
I am hoping that in next seven trading days we may be looking @ close to 1700 in S&P 500 which is a pullback of 5.45%.....YES i am expecting a "fast pullback"
SO..IF you are going to time your trades, hold everything in terms of buying till 27th of November......for booking profit it should be sell @ open on Monday.....
When markets are overbought, even good earning reports may face "sell the news" & down they go......
We all need to recognize that "most of the good news are already priced in " based on Friday's close.....
IF you reduce your exposure "substantially" then you are not vulnerable to losing profit or equity.
As we all know that, not all stocks will face similar pullbacks & some may move UP or maintain their uptrend....thus a reduced exposure is ideal.
Hopefully i have given a "safe road map" to protect your profits & less vulnerability to market downtrend.
Good luck with your OWN comfort level & strategy.
BLOG does NOT give buy or sell.
PS...as we have many new worldwide BLOG visitors these days, i welcome them all for visiting us daily. Please support our BLOG advertisers by clicking on their ads & evaluating their services or products.
Saleem
What is bothering me the most is the fact that we have rallied strongly due to Janet Yellen effect. After each rally point comes digestive period & we may have entered one of those fast paced pullback.
Majority of traders are too optimistic which is a very reliable contrary indicator. That euphoria generally ends in a fast pullback.
I monitor "euphoria meter" quite closely which includes famous pundits & message boards, both are in an "extreme euphoric mode"
Many strong stocks have rallied strongly retracing all the muddy water effect & some......thus time to lock profit & reduce exposure.
Generally my "action" is indicative of my worries.
After i had acted in selling some key position & reducing my exposure by half, comes the report of bears @ only 15.5% which is a 25 years low...lowest since March of 1987........1987 brings painful memory for me of a "major crash"
Lowest bear ratio is a very reliable "contrary reading"...means we are extremely vulnerable to a serious down move......
Please do NOT ignore above "euphoria analysis"
OK...so how vulnerable are we.......?
@ any major down move we have a history of close to 10%.......
Since year end & month end are coming to play we may be spared with close to 6% down move......
Do NOT under estimate the power of 6% down move in indices......that may result in 12% down move in many stocks...which is quite painful for any portfolio......this also means that IF you have 3 stocks in your portfolio & they are all down 12%...you can do the math & impact on your portfolio & equity.....
I am hoping that in next seven trading days we may be looking @ close to 1700 in S&P 500 which is a pullback of 5.45%.....YES i am expecting a "fast pullback"
SO..IF you are going to time your trades, hold everything in terms of buying till 27th of November......for booking profit it should be sell @ open on Monday.....
When markets are overbought, even good earning reports may face "sell the news" & down they go......
We all need to recognize that "most of the good news are already priced in " based on Friday's close.....
IF you reduce your exposure "substantially" then you are not vulnerable to losing profit or equity.
As we all know that, not all stocks will face similar pullbacks & some may move UP or maintain their uptrend....thus a reduced exposure is ideal.
Hopefully i have given a "safe road map" to protect your profits & less vulnerability to market downtrend.
Good luck with your OWN comfort level & strategy.
BLOG does NOT give buy or sell.
PS...as we have many new worldwide BLOG visitors these days, i welcome them all for visiting us daily. Please support our BLOG advertisers by clicking on their ads & evaluating their services or products.
Saleem
Friday, November 15, 2013
Indices closed UP .33% to .54%.....NICE !!!!!
Indices closed @ high of the day.
S&P 500 @ 1798.18, high 1798.22
RSI @ 68.14
CMF @ 0.343
Internals were :
UP volume led by 2.45 to 1 in NYSE & 1.91 to 1 in Nasdaq
Advancing stocks led by 1.90 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 213 in NYSE & 132 in Nasdaq
VIX Down 1.46% @ 12.19
Oil @ $93.84
Gold @ $1287.40
Canadian $ @ 95.42
In my portfolio :
Sold MU $19.58
Sold JKS $29.36
Added 60% FNSR @ $21.85
Portfolio weighting :
SINA 46.95%
FNSR 27.54%
LNKD 25.51%
Exposure 100%......reduced from 202%......
Stocks which were UP 1% or more included LNKD MU
LULU NFLX BIDU KORS YELP WPRT ARUN
GMCR CIEN JDSU MA PANW SPLK JCP
X TRLA MLNX TXTR.....
JKS reports before open on Monday, here is expectations :
Q3 Sales $302.22 million, EPS 45 cents
Q4 guidance Sales $326.83, EPS 67 cents
Conference call @ 8 AM Monday
I sold JKS before earnings because it was a very heavy weighting in my portfolio plus i had a large gain already.
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1798.18, high 1798.22
RSI @ 68.14
CMF @ 0.343
Internals were :
UP volume led by 2.45 to 1 in NYSE & 1.91 to 1 in Nasdaq
Advancing stocks led by 1.90 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 213 in NYSE & 132 in Nasdaq
VIX Down 1.46% @ 12.19
Oil @ $93.84
Gold @ $1287.40
Canadian $ @ 95.42
In my portfolio :
Sold MU $19.58
Sold JKS $29.36
Added 60% FNSR @ $21.85
Portfolio weighting :
SINA 46.95%
FNSR 27.54%
LNKD 25.51%
Exposure 100%......reduced from 202%......
Stocks which were UP 1% or more included LNKD MU
LULU NFLX BIDU KORS YELP WPRT ARUN
GMCR CIEN JDSU MA PANW SPLK JCP
X TRLA MLNX TXTR.....
JKS reports before open on Monday, here is expectations :
Q3 Sales $302.22 million, EPS 45 cents
Q4 guidance Sales $326.83, EPS 67 cents
Conference call @ 8 AM Monday
I sold JKS before earnings because it was a very heavy weighting in my portfolio plus i had a large gain already.
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, November 14, 2013
Indices closed UP .18% to .48%.....NICE !!!!!
Indices had another new high @ close.
S&P 500 @ 1790.62, high 1791.53
RSI @ 66.23
CMF @ 0.337
Internals were :
UP volume led by 2.67 to 1 in NYSE & .98 to 1 in Nasdaq
Advancing stocks led by 1.95 to 1 in NYSE & .92 to 1 in Nasdaq
Net new 52 wk highs were leading by 228 in NYSE & 121 in Nasdaq
VIX Down 1.20% @ 12.37
Oil @ $93.76
Gold @ $1286.30
Stocks which were UP 1% or more included MU
BIDU PCLN NFLX AMZN YNDX GRPN
YHOO LEN CMG MA LCC PANW
GG SLW AEM SPLK SPWR....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, despite CSCO horrible guidance even Nasdaq closed green & made a new 13 year high, this speaks about the strength of this bull market which is extremely rare. This TAPE has ignored just about everything which could trigger a sell off. We are all set to close on a strong note on Friday, option expiry is going to trigger more buying & force shorts to reconsider their negativity or thesis. As i have said repeatedly, any weakness in strong stocks was / is a buying opportunity.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1790.62, high 1791.53
RSI @ 66.23
CMF @ 0.337
Internals were :
UP volume led by 2.67 to 1 in NYSE & .98 to 1 in Nasdaq
Advancing stocks led by 1.95 to 1 in NYSE & .92 to 1 in Nasdaq
Net new 52 wk highs were leading by 228 in NYSE & 121 in Nasdaq
VIX Down 1.20% @ 12.37
Oil @ $93.76
Gold @ $1286.30
Stocks which were UP 1% or more included MU
BIDU PCLN NFLX AMZN YNDX GRPN
YHOO LEN CMG MA LCC PANW
GG SLW AEM SPLK SPWR....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, despite CSCO horrible guidance even Nasdaq closed green & made a new 13 year high, this speaks about the strength of this bull market which is extremely rare. This TAPE has ignored just about everything which could trigger a sell off. We are all set to close on a strong note on Friday, option expiry is going to trigger more buying & force shorts to reconsider their negativity or thesis. As i have said repeatedly, any weakness in strong stocks was / is a buying opportunity.
BLOG does NOT give buy or sell.
Saleem
Indices UP .03% to .37%...NICE !!!!
Indices are green after being red in early trading.
S&P 500 @ 1788.57, high 1790.80
Internals are mostly positive.
Oil Up 19 cents
Gold UP $17.10
Canadian $ Down 25 tick @ 95.40
VIX Down 1.20% @ 12.37...lower lows means further upside in equities.
In my portfolio :
Added 70% SINA @ $83.78
Portfolio FNSR JKS LNKD MU SINA
Most stocks are UP
@ 2.03 following are red :
FNSR SINA KORS QIHU LULU TSLA
CIEN AMCC EXPE LVS FFIV
ARUN RVBD BRCM JDSU
TCK SBUX MCD WUBA
CSOD WLT TRLA
WYNN YELP
MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1788.57, high 1790.80
Internals are mostly positive.
Oil Up 19 cents
Gold UP $17.10
Canadian $ Down 25 tick @ 95.40
VIX Down 1.20% @ 12.37...lower lows means further upside in equities.
In my portfolio :
Added 70% SINA @ $83.78
Portfolio FNSR JKS LNKD MU SINA
Most stocks are UP
@ 2.03 following are red :
FNSR SINA KORS QIHU LULU TSLA
CIEN AMCC EXPE LVS FFIV
ARUN RVBD BRCM JDSU
TCK SBUX MCD WUBA
CSOD WLT TRLA
WYNN YELP
MLNX......
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 13, 2013
Indices closed UP .45% to 1.16%.....NICE !!!!
Indices closed UP after morning weakness.
S&P 500 @ 1782.00
RSI @ 63.95
CMF @ 0.343
Internals were :
UP volume led by 4.09 to 1 in NYSE & 5.56 to 1 in Nasdaq
Advancing stocks led by 2.21 to 1 in NYSE & 2.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 105 in Nasdaq
VIX Down 2.34% @ 12.52
Oil @ $93.88
Gold @ $1268.40
Stocks which were UP 2% or more included JKS LNKD SINA
PCLN FB QIHU YELP GOOG LULU YHOO CSIQ
SPWR FSLR SU YUM YNDX RVBD CRUS
JBLU M X JCP CSOD WLT TRLA Z
RALY WUBA .....
AH ER :
NTES Down 7.79%, CSCO Down 10.27%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE defied all skeptics by rocketing UP to close @ the highest point in S&P 500 & Nasdaq. Internals were strong. Now we have Morgan Stanley predicting Taper will start in next two months which may be a realistic guess. IBD has changed its market outlook to "uptrend resumes". I expect another green day by close. New highs begets more new highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1782.00
RSI @ 63.95
CMF @ 0.343
Internals were :
UP volume led by 4.09 to 1 in NYSE & 5.56 to 1 in Nasdaq
Advancing stocks led by 2.21 to 1 in NYSE & 2.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 105 in Nasdaq
VIX Down 2.34% @ 12.52
Oil @ $93.88
Gold @ $1268.40
Stocks which were UP 2% or more included JKS LNKD SINA
PCLN FB QIHU YELP GOOG LULU YHOO CSIQ
SPWR FSLR SU YUM YNDX RVBD CRUS
JBLU M X JCP CSOD WLT TRLA Z
RALY WUBA .....
AH ER :
NTES Down 7.79%, CSCO Down 10.27%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE defied all skeptics by rocketing UP to close @ the highest point in S&P 500 & Nasdaq. Internals were strong. Now we have Morgan Stanley predicting Taper will start in next two months which may be a realistic guess. IBD has changed its market outlook to "uptrend resumes". I expect another green day by close. New highs begets more new highs.
BLOG does NOT give buy or sell.
Saleem
Indices UP .16% to .73%......NICE !!!!
So much for taper talk ....TAPE knows what to ignore & when......after panic selling was out of the way @ open......Nasdaq entered green territory first & then S&P 500 followed by Dow......
S&P 500 @ 1775.41... a new all time high...low 1760.64
Internals are positive
Oil UP $1.08
Gold Down $1.60
Canadian $ UP 27 tick @ 95.56
VIX Down .55% @ 12.75
Portfolio FNSR JKS LNKD MU SINA
Most stocks are UP
@ 2.05 following are red :
FNSR KORS DAL AAPL RVBD AMCC CIEN
EXPE EBAY MA LCC STLD EGO GS
AGU BBRY.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1775.41... a new all time high...low 1760.64
Internals are positive
Oil UP $1.08
Gold Down $1.60
Canadian $ UP 27 tick @ 95.56
VIX Down .55% @ 12.75
Portfolio FNSR JKS LNKD MU SINA
Most stocks are UP
@ 2.05 following are red :
FNSR KORS DAL AAPL RVBD AMCC CIEN
EXPE EBAY MA LCC STLD EGO GS
AGU BBRY.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 12, 2013
Indices closed mixed......
Indices closed mixed on Fed Governor's speeches.
S&P 500 @ 1767.69, low 1762.29
RSI @ 59.77
CMF @ 0.344
Internals were :
Down volume led by 1.49 to 1 in NYSE & .81 to 1 in Nasdaq
Declining stocks led by 1.73 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 65 in Nasdaq
VIX UP 2.31% @ 12.82
Oil @ $93.04
Gold @ $1271.20
AH ER :
SINA UP 4.07%
NQ Down 4.33%
SINA ER was a beat on Sales of $184.6 million by $5.99 million, EPS of 42 cents was a beat by 10 cents
Guidance for Q4 of $192 million was higher by $10 million
Gross margin @ 64% for Q3 was higher than 54% in Q2 & Q3 of 2012, guiding 64% for Q4
Conference call was upbeat for Q4 with further Sales gain in Weibo monetization & mobile ads.....
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, here we go again in terms of TAPER when December is being talked about. Every time Fed governors comes out & say things to get attention, Fed policy is not that erratic they will prepare market with a time frame not 18 days notice. Internals have gone negative for the most part which is a reflection of profit taking & money staying on the sidelines. IF we are down on Wednesday money will come in as has been the pattern of "buy the dip strategy"
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1767.69, low 1762.29
RSI @ 59.77
CMF @ 0.344
Internals were :
Down volume led by 1.49 to 1 in NYSE & .81 to 1 in Nasdaq
Declining stocks led by 1.73 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 65 in Nasdaq
VIX UP 2.31% @ 12.82
Oil @ $93.04
Gold @ $1271.20
AH ER :
SINA UP 4.07%
NQ Down 4.33%
SINA ER was a beat on Sales of $184.6 million by $5.99 million, EPS of 42 cents was a beat by 10 cents
Guidance for Q4 of $192 million was higher by $10 million
Gross margin @ 64% for Q3 was higher than 54% in Q2 & Q3 of 2012, guiding 64% for Q4
Conference call was upbeat for Q4 with further Sales gain in Weibo monetization & mobile ads.....
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, here we go again in terms of TAPER when December is being talked about. Every time Fed governors comes out & say things to get attention, Fed policy is not that erratic they will prepare market with a time frame not 18 days notice. Internals have gone negative for the most part which is a reflection of profit taking & money staying on the sidelines. IF we are down on Wednesday money will come in as has been the pattern of "buy the dip strategy"
BLOG does NOT give buy or sell.
Saleem
Indices down .30% to .45%......
Indices are lower today.....
S&P 500 @ 1763.82, low 1762.29
Internals are negative
Oil Down $1.65
Gold Down $9.60
Canadian $ Down 19 tick @ 95.30
VIX UP 3.27% @ 12.94
In my portfolio :
Bought SINA @ $76.22
Portfolio FNSR JKS LNKD MU SINA
Most stocks are down
@ 2.05 following are green :
FNSR MU DAL PCLN FB KORS YELP AAPL
YHOO LVS FFIV COH GRPN RVBD
CRUS SNDK BRCM MCD TRLA
Z WYNN MLNX.....
AH SINA reports, expectations are :
Q3 Sales $178.68 million, EPS 32 cents
Q4 Guidance $182.20 million, EPS 37 cents
Conference call @ 8 PM
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1763.82, low 1762.29
Internals are negative
Oil Down $1.65
Gold Down $9.60
Canadian $ Down 19 tick @ 95.30
VIX UP 3.27% @ 12.94
In my portfolio :
Bought SINA @ $76.22
Portfolio FNSR JKS LNKD MU SINA
Most stocks are down
@ 2.05 following are green :
FNSR MU DAL PCLN FB KORS YELP AAPL
YHOO LVS FFIV COH GRPN RVBD
CRUS SNDK BRCM MCD TRLA
Z WYNN MLNX.....
AH SINA reports, expectations are :
Q3 Sales $178.68 million, EPS 32 cents
Q4 Guidance $182.20 million, EPS 37 cents
Conference call @ 8 PM
BLOG does NOT give buy or sell.
Saleem
Monday, November 11, 2013
Indices closed UP .01% to .14%.....NICE !!!!
Indices closed in green on Veterans day.
S&P 500 @ 1771.11, high 1773.44
RSI @ 61.72
CMF @ 0.301
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 78 in Nasdaq
VIX Down 2.87% @ 12.53
Oil @ $95.14
Gold @ $1281.10
Stocks which were UP 2% or more included FNSR JKS
SINA PCLN KORS TSLA QIHU FSLR CSIQ
ARUN YHOO EXPE PANW EGO MS.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was subdued today with internals being close to neutral. Currently it is all about individual stock stories, some stocks are moving well below support while others are making new 52 wk highs. All boats are not being lifted thus it is a tougher TAPE than before. Studying current TAPE action & then trading is a good strategy.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1771.11, high 1773.44
RSI @ 61.72
CMF @ 0.301
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 78 in Nasdaq
VIX Down 2.87% @ 12.53
Oil @ $95.14
Gold @ $1281.10
Stocks which were UP 2% or more included FNSR JKS
SINA PCLN KORS TSLA QIHU FSLR CSIQ
ARUN YHOO EXPE PANW EGO MS.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was subdued today with internals being close to neutral. Currently it is all about individual stock stories, some stocks are moving well below support while others are making new 52 wk highs. All boats are not being lifted thus it is a tougher TAPE than before. Studying current TAPE action & then trading is a good strategy.
BLOG does NOT give buy or sell.
Saleem
Indices UP .05% to .09%.....NICE !!!!
Indices are UP after initial weakness in Nasdaq. Solar stocks are running away & making new 52 wk highs.
S&P 500 @ 1771.11, high 1773.44
Internals are positive
Oil UP 25 cents
Gold Down $2.10
Canadian $ Down 1 tick @ 95.44
VIX Down 3.26% @ 12.48 ...52 wk low @ 11.05 on March 14,2013.....looks like we may take this out...
Portfolio FNSR JKS LNKD MU
Most stocks are UP
@ 2.13 following are red :
LNKD,FB,AAPL,YELP, GOOG,AMCC, LEN,
SNKN,SU,EBAY,GRPN,WPRT,RVBD,
CRUS,JDSU,TCK,SBUX,MCD,X,
SLW,AEM,CSOD,MGA,BBRY,
WLT,Z,RALY,MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1771.11, high 1773.44
Internals are positive
Oil UP 25 cents
Gold Down $2.10
Canadian $ Down 1 tick @ 95.44
VIX Down 3.26% @ 12.48 ...52 wk low @ 11.05 on March 14,2013.....looks like we may take this out...
Portfolio FNSR JKS LNKD MU
Most stocks are UP
@ 2.13 following are red :
LNKD,FB,AAPL,YELP, GOOG,AMCC, LEN,
SNKN,SU,EBAY,GRPN,WPRT,RVBD,
CRUS,JDSU,TCK,SBUX,MCD,X,
SLW,AEM,CSOD,MGA,BBRY,
WLT,Z,RALY,MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 10, 2013
It is Option Expiry week.......
This week is weekly & monthly option expiry week.
Option Expiry week normally brings lot of volatility, Thursday is when Market Makers are @ their best game of taking stocks to where they want.
Looking @ TAPE ........it seems that we may be looking @ upside action on expiry.
This also means that Market Makers will ride it UP.
Stronger stocks have the-best chance of hitting the jackpot.
Solar is certainly among the-best sector in the market, FSLR, CSIQ, JKS, SPWR are the leaders & may benefit
the-most for OE activity.
Other stocks which are showing relative strength are MU, KORS, BIDU, PCLN to name few more
S&P & Nasdaq are all set to make new all time highs, DOW has already done on a closing basis on Friday.
S&P 500 is looking towards 1850 before it backs off.
Last Thursday's break in markets was enough to give it renewed strength as many bailed out in a hurry.
IF there is any weakness due to Chinese stat or policy then it IS another buy the dip event.
Conviction in strong stocks is a good strategy, adding on weakness is a smart idea.
Concentrated position in better performing stocks is good in strong sectors.
Please note that some strong stocks are looking highly vulnerable for down move...watch the TAPE closely for an exit.
Looks like another profitable week coming up.
BLOG does NOT give buy or sell.
Saleem
Option Expiry week normally brings lot of volatility, Thursday is when Market Makers are @ their best game of taking stocks to where they want.
Looking @ TAPE ........it seems that we may be looking @ upside action on expiry.
This also means that Market Makers will ride it UP.
Stronger stocks have the-best chance of hitting the jackpot.
Solar is certainly among the-best sector in the market, FSLR, CSIQ, JKS, SPWR are the leaders & may benefit
the-most for OE activity.
Other stocks which are showing relative strength are MU, KORS, BIDU, PCLN to name few more
S&P & Nasdaq are all set to make new all time highs, DOW has already done on a closing basis on Friday.
S&P 500 is looking towards 1850 before it backs off.
Last Thursday's break in markets was enough to give it renewed strength as many bailed out in a hurry.
IF there is any weakness due to Chinese stat or policy then it IS another buy the dip event.
Conviction in strong stocks is a good strategy, adding on weakness is a smart idea.
Concentrated position in better performing stocks is good in strong sectors.
Please note that some strong stocks are looking highly vulnerable for down move...watch the TAPE closely for an exit.
Looks like another profitable week coming up.
BLOG does NOT give buy or sell.
Saleem
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