All indices bolted into another closing high for 2013.
S&P 500 @ 1848.36, 1849.44
RSI @ 71.26
CMF @ 0.129
Internals were :
UP volume led by 2.46 to 1 in NYSE & 2.15 to 1 in Nasdaq
Advancing stocks led by 1.87 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 229 in NYSE & 178 in Nasdaq
VIX 1.18% @ 13.72
Oil @ $98.42
Gold @ $1202.30
Stocks which were UP 1% or more included SINA AUY
MU BBRY TWTR FB TRIP EGO SLW GG AEM
BIDU EXPE AMZN MS AAPL GOOG SU
EBAY LNKD FFIV YNDX GRPN
BRCM TCK AMCC JCP
TRLA Z YELP.....
In my portfolio :
Added 15% JKS @ $29.28
Portfolio JKS RALY SINA AUY
Exposure 132%
Next post on Thursday by 2 PM
BLOG does NOT give buy or sell.
Enjoy New Year celebration, hoping 2014 will reward us with good health, happiness & caring friend & family.
Saleem
Tuesday, December 31, 2013
Indices UP .16% to .34%....NICE !!!!
Indices are UP as it closes 2013 on a positive note & making another all time high in Dow & S&P 500. Nasdaq @ 13 year high....
S&P 500 @ 1844.00, high 1848.69
Internals are positive
Oil Down 87 cents
Gold Down $4.00
Canadian $ UP 17 tick @ 94.09
VIX UP 5.09% @ 14.25...strange tape action in this?
Portfolio JKS RALY SINA AUY
Most stocks are UP
@ 2.32 following are red :
JKS RALY LULU TSLA NFLX TSL LEN M
DNKN CSIQ CMG COH FSLR PANW
SPLK SBUX MCD X CCJ WUBA
SPWR WLT AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1844.00, high 1848.69
Internals are positive
Oil Down 87 cents
Gold Down $4.00
Canadian $ UP 17 tick @ 94.09
VIX UP 5.09% @ 14.25...strange tape action in this?
Portfolio JKS RALY SINA AUY
Most stocks are UP
@ 2.32 following are red :
JKS RALY LULU TSLA NFLX TSL LEN M
DNKN CSIQ CMG COH FSLR PANW
SPLK SBUX MCD X CCJ WUBA
SPWR WLT AGU.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 30, 2013
Indices closed mixed.....
Indices closed near high of the day.
S&P 500 @ 1841.07, low 1838.77, high 1842.47
RSI @ 69.08
CMF @ 0.076
Internals were :
Down volume led by 1.10 to 1 in NYSE & .93 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & 120 in Nasdaq
VIX UP 8.83% @ 13.56
Oil @ $99.29
Gold @ $ 1203.80
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was much weaker than headline numbers based on internals & VIX. VIX is very troubling as it may be pointing to upcoming weakness in indices. There is an eerie feeling about this market. Ralph Acompora is expecting a 10 to 15% decline in indices. I will not be surprised IF we take out the froth from this bull. Pullback should be taken as healthy. IF we pullback then it may be a long drawn out drip drip kind of pullback. It is recommended not to be over extended until we have seen @ least 5% pullback which is 92 points. We may be looking @ 1750 area.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1841.07, low 1838.77, high 1842.47
RSI @ 69.08
CMF @ 0.076
Internals were :
Down volume led by 1.10 to 1 in NYSE & .93 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & 120 in Nasdaq
VIX UP 8.83% @ 13.56
Oil @ $99.29
Gold @ $ 1203.80
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was much weaker than headline numbers based on internals & VIX. VIX is very troubling as it may be pointing to upcoming weakness in indices. There is an eerie feeling about this market. Ralph Acompora is expecting a 10 to 15% decline in indices. I will not be surprised IF we take out the froth from this bull. Pullback should be taken as healthy. IF we pullback then it may be a long drawn out drip drip kind of pullback. It is recommended not to be over extended until we have seen @ least 5% pullback which is 92 points. We may be looking @ 1750 area.
BLOG does NOT give buy or sell.
Saleem
Indices are mixed.....
TAPE is struggling with leaders selling off.
S&P 500 @ 1839.73, low 1838.77
Internals are negative.
Oil Down 96 cents
Gold Down $10.40
Canadian $ UP 56 tick @ 93.53
VIX UP 7.30% @ 13.37
Portfolio JKS RALY SINA AUY
Most stocks are down
@ 2.03 following are green :
JKS RALY BBRY TRIP MGA M BIDU TSLA
LUV RSL CSIQ CMG YUM LVS FFIV
COH MA V ARUN RVBD GMCR
LRCX AMCC CIEN FNSR
TCK CCJ WUBA SPWR
WLT TRLA Z WYNN
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1839.73, low 1838.77
Internals are negative.
Oil Down 96 cents
Gold Down $10.40
Canadian $ UP 56 tick @ 93.53
VIX UP 7.30% @ 13.37
Portfolio JKS RALY SINA AUY
Most stocks are down
@ 2.03 following are green :
JKS RALY BBRY TRIP MGA M BIDU TSLA
LUV RSL CSIQ CMG YUM LVS FFIV
COH MA V ARUN RVBD GMCR
LRCX AMCC CIEN FNSR
TCK CCJ WUBA SPWR
WLT TRLA Z WYNN
BLOG does NOT give buy or sell.
Saleem
Sunday, December 29, 2013
Interesting phase in markets now........
2013 is ending with lot of cross-current......
Some of the big gainers of 2013 are seeing selling.....
Most of the laggards of 2013 are getting bid.....
S&P 500 has gained 76.90 points or 4.35% in 7 trading days.......it may need a rest very soon.....
BUT laggards may get stronger as indices digest their gains.....
10 yr yield @ 3.004 is @ a tipping point for higher rates ....
Oil @ $100.32 also may impact airlines & other input industries...
BUT there is a new positive for the market, it is worldwide economic growth which is accelerating.....
All in all focus needs to be on stocks & not on indices......
Indices may need to digest gains but new leadership stocks may emerge.......
New leadership stocks are on the verge of making huge gains which may last many years.....
It is important to pay attention to stocks which are bucking negativity or are up on down days.
It is important not to be fixated on 2013 winners which had multi year run already, they are only good for quick daytrades.......
Gold, Silver, Copper, iron ore, steel & other commodities could be the new leaders.....
Important point is, 2014 winners may look lot different than 2013, adapting is the key to making money.
IF you are still exposed to 2013 winners, it is important to understand their vulnerability going forward....
It is also important to pay close attention to RSI for buying & booking profit, this will play a much important role in 2014......
I am noticing a major shift in how funds are being allocated lately.
Good luck in your strategy towards a profitable 2014.
BLOG does NOT give buy or sell.
Saleem
Some of the big gainers of 2013 are seeing selling.....
Most of the laggards of 2013 are getting bid.....
S&P 500 has gained 76.90 points or 4.35% in 7 trading days.......it may need a rest very soon.....
BUT laggards may get stronger as indices digest their gains.....
10 yr yield @ 3.004 is @ a tipping point for higher rates ....
Oil @ $100.32 also may impact airlines & other input industries...
BUT there is a new positive for the market, it is worldwide economic growth which is accelerating.....
All in all focus needs to be on stocks & not on indices......
Indices may need to digest gains but new leadership stocks may emerge.......
New leadership stocks are on the verge of making huge gains which may last many years.....
It is important to pay attention to stocks which are bucking negativity or are up on down days.
It is important not to be fixated on 2013 winners which had multi year run already, they are only good for quick daytrades.......
Gold, Silver, Copper, iron ore, steel & other commodities could be the new leaders.....
Important point is, 2014 winners may look lot different than 2013, adapting is the key to making money.
IF you are still exposed to 2013 winners, it is important to understand their vulnerability going forward....
It is also important to pay close attention to RSI for buying & booking profit, this will play a much important role in 2014......
I am noticing a major shift in how funds are being allocated lately.
Good luck in your strategy towards a profitable 2014.
BLOG does NOT give buy or sell.
Saleem
Friday, December 27, 2013
Indices closed down .01% to .25%....
Indices digested recent gains & closed down ever so slightly.
S&P 500 @ 1841.40, high 1844.89
RSI @ 69.30
CMF @ 0.054
Internals were :
UP volume led by 1.58 to 1 in NYSE & .74 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & .91 to 1 in Nasdaq
Net new 52 wk highs were leading by 181 in NYSE & 171 in Nasdaq
VIX UP 1.05% @ 12.46
Oil @ $100.32
Gold @ $1214.00
Canadian $ @ 93.03
Stocks which were UP 1% or more included JKS RALY SINA
BBRY BIDU KOG CRUS JDSU PANW X STLD
WUBA WLT......
Here is my weighting :
JKS 34.90%
SINA 34.59%
AUY 15.64%
RALY 14.87%
Exposure 130%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1841.40, high 1844.89
RSI @ 69.30
CMF @ 0.054
Internals were :
UP volume led by 1.58 to 1 in NYSE & .74 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & .91 to 1 in Nasdaq
Net new 52 wk highs were leading by 181 in NYSE & 171 in Nasdaq
VIX UP 1.05% @ 12.46
Oil @ $100.32
Gold @ $1214.00
Canadian $ @ 93.03
Stocks which were UP 1% or more included JKS RALY SINA
BBRY BIDU KOG CRUS JDSU PANW X STLD
WUBA WLT......
Here is my weighting :
JKS 34.90%
SINA 34.59%
AUY 15.64%
RALY 14.87%
Exposure 130%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, December 26, 2013
Indices closed UP .28% to .75%....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 1842.02, high 1842.84
RSI @ 69.69
CMF @ 0.089
Internals were :
UP volume led by 1.96 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 303 in NYSE & 244 in Nasdaq
VIX Down 1.20% @ 12.33
Oil @ $99.55
Gold @ $1212.30
Portfolio JKS RALY SINA AUY
Stocks which were UP 2% or more included JKS
TWTR TSLA YNDX EGO JCP DRYS
SB BALT....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE remains strong as per new highs list, we have 3 more days for month end & year end positioning. I am expecting TAPE to be strong especially for Monday & Tuesday. This is a strong market & is moving in a very orderly fashion. I would not second guess the strength or the direction of this TAPE based on seasonality.
BLOG does NOT give buy or sell.
PS.. missed afternoon BLOG posting as i was stuck in traffic.
Saleem
S&P 500 @ 1842.02, high 1842.84
RSI @ 69.69
CMF @ 0.089
Internals were :
UP volume led by 1.96 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 303 in NYSE & 244 in Nasdaq
VIX Down 1.20% @ 12.33
Oil @ $99.55
Gold @ $1212.30
Portfolio JKS RALY SINA AUY
Stocks which were UP 2% or more included JKS
TWTR TSLA YNDX EGO JCP DRYS
SB BALT....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE remains strong as per new highs list, we have 3 more days for month end & year end positioning. I am expecting TAPE to be strong especially for Monday & Tuesday. This is a strong market & is moving in a very orderly fashion. I would not second guess the strength or the direction of this TAPE based on seasonality.
BLOG does NOT give buy or sell.
PS.. missed afternoon BLOG posting as i was stuck in traffic.
Saleem
Tuesday, December 24, 2013
Indices closed UP .16% to .39% .......NICE !!!!!
Indices closed @ new highs for 2013 again, TAPE got another boost from stronger than expected economic data in US.
S&P 500 @ 1833.32...closed @ absolute highest point of the day......very bullish !!!
RSI @ 67.31
CMF @ 0.040
Internals were :
UP volume led by 3.38 to 1 in NYSE & 2.71 to 1 in Nasdaq
Advancing stocks led by 2.06 to 1 in NYSE &b 1.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 261 in NYSE & 273 in Nasdaq
VIX Down 4.29% @ 12.48...heading towards 52 wk low of 11.05
Oil @ $99.20
Gold @ $1203.30
Portfolio JKS RALY SINA AUY
Stocks which were UP 2% or more included AUY
BBRY SLW GG AEM TSLA TWTR CIEN
JDSU FNSR TCK STLD WLT WYNN.....
About market, TAPE continues on its path to all time highs on a daily basis. I am expecting strong momentum going into New Year. Try to position in what is working in this momo driven rally. TWTR is going North in a hurry.
Next post on Thursday by 2 PM.
BLOG does NOT give buy or sell
Have a very happy Christmas !!!
Saleem
S&P 500 @ 1833.32...closed @ absolute highest point of the day......very bullish !!!
RSI @ 67.31
CMF @ 0.040
Internals were :
UP volume led by 3.38 to 1 in NYSE & 2.71 to 1 in Nasdaq
Advancing stocks led by 2.06 to 1 in NYSE &b 1.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 261 in NYSE & 273 in Nasdaq
VIX Down 4.29% @ 12.48...heading towards 52 wk low of 11.05
Oil @ $99.20
Gold @ $1203.30
Portfolio JKS RALY SINA AUY
Stocks which were UP 2% or more included AUY
BBRY SLW GG AEM TSLA TWTR CIEN
JDSU FNSR TCK STLD WLT WYNN.....
About market, TAPE continues on its path to all time highs on a daily basis. I am expecting strong momentum going into New Year. Try to position in what is working in this momo driven rally. TWTR is going North in a hurry.
Next post on Thursday by 2 PM.
BLOG does NOT give buy or sell
Have a very happy Christmas !!!
Saleem
Monday, December 23, 2013
Indices closed UP .45% to 1.08%.....NICE !!!!
Indices extended their record breaking advance.
S&P 500 @ 1827.99, high 1829.75
RSI @ 65.77
CMF @ -0.003
Internals were :
UP volume led by 2.92 to 1 in NYSE & 4.20 to 1 in Nasdaq
Advancing stocks led by 2.43 to 1 in NYSE & 2.65 to 1 in Nasdaq
Net new 52 wk highs were leading by 312 in NYSE & 304 in Nasdaq
VIX Down 5.44% @ 13.04
Oil @ $98.91
Gold @ $1197.00
Stocks which were UP 2% or more included RALY
BBRY FB AAPL QIHU TWTR LEN CSIQ
YNDX CRUS X JCP WLT TRLA Z.....
AH Futures Mixed
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong based on stronger internals. Closing @ new record highs is an indication of the strength of this TAPE. Momentum to pick UP as we start new year. Tuesday we close @ 1 PM.....thus 1 post by 4 PM. Continue your homework in terms of themes & stick with those ideas for the year.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1827.99, high 1829.75
RSI @ 65.77
CMF @ -0.003
Internals were :
UP volume led by 2.92 to 1 in NYSE & 4.20 to 1 in Nasdaq
Advancing stocks led by 2.43 to 1 in NYSE & 2.65 to 1 in Nasdaq
Net new 52 wk highs were leading by 312 in NYSE & 304 in Nasdaq
VIX Down 5.44% @ 13.04
Oil @ $98.91
Gold @ $1197.00
Stocks which were UP 2% or more included RALY
BBRY FB AAPL QIHU TWTR LEN CSIQ
YNDX CRUS X JCP WLT TRLA Z.....
AH Futures Mixed
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong based on stronger internals. Closing @ new record highs is an indication of the strength of this TAPE. Momentum to pick UP as we start new year. Tuesday we close @ 1 PM.....thus 1 post by 4 PM. Continue your homework in terms of themes & stick with those ideas for the year.
BLOG does NOT give buy or sell.
Saleem
Indices UP .43% to .89%.....NICE !!!!!
Indices are in a rally mode.
S&P 500 @ 1826.91, high 1829.75
Internals are positive by 2 to 1
Oil Down 50 cents
Gold Down $5.80
Canadian $ UP 33 tick @ 93.99
VIX Down 3.99% @ 13.24
Portfolio JKS RALY SINA AUY
Most stocks are UP
@ 2.38 following are red :
JKS SINA SLW BIDU MU PCLN KORS
TSL CMG LVS MA FSLR GMCR
ARUN RVBD TCK MCD
WYNN MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1826.91, high 1829.75
Internals are positive by 2 to 1
Oil Down 50 cents
Gold Down $5.80
Canadian $ UP 33 tick @ 93.99
VIX Down 3.99% @ 13.24
Portfolio JKS RALY SINA AUY
Most stocks are UP
@ 2.38 following are red :
JKS SINA SLW BIDU MU PCLN KORS
TSL CMG LVS MA FSLR GMCR
ARUN RVBD TCK MCD
WYNN MLNX....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 22, 2013
S&P 500 heading towards 2000 in 2014 ?
S&P 500 closed @ 1818.32, high on Friday was 1823.75.....
Dec 26 Th is the last day for 2013 trading......
We are heading into the strongest trading days going into New Year of 2014......
US economy is in "growth mode"
2013 is ending on a strong note for indices & US economy.
There is a strong possibility that US companies may show top line growth instead of banking on cost cutting to show EPS growth....
2014 may be as good or bigger than 2013 in terms of gains in indices......
2000 in S&P 500 is a given for 2014.....that is again of 182 points or a gain of 16.36% from where we closed on Friday......
There is a good chance that Nasdaq may show gain of better than 25% in 2014......which is a gain of 1026 points which will take Nasdaq into a new all time high.....we are looking @ 5130 in Nasdaq...
All in all 2014 is looking like a strong year where all indices will exceed into new all time high territory...this has not happened since 2000...a wait of 14 years for Nasdaq to make new all time high.....
2014 may be a year where many boats will be lifted.......
Patience with good themes in stock selection will be rewarded better than indices.....
We all need to look back to 2013 where we failed & why we failed to perform......in most cases we will realize that "patience was lacking with good ideas"
It is important to compare against indices gains to our own performance, 2013 was a bad year for me in a long time, reasons are many, but biggest one is too much faith in "turnaround stocks" instead of staying with winners.
BUT we all have a trading style which works most of the time.......
Lets start 2014 strategy on a winning note.....
Looking back is the biggest teacher which can correct some of the trading mistakes.
I am very happy that most traders benefited with my "market call" & direction......not an easy task but was on the mark 90% of the time......% could be even higher......
Good luck to every trader & investor for another productive year.
BLOG does NOT give buy or sell.
Saleem
Dec 26 Th is the last day for 2013 trading......
We are heading into the strongest trading days going into New Year of 2014......
US economy is in "growth mode"
2013 is ending on a strong note for indices & US economy.
There is a strong possibility that US companies may show top line growth instead of banking on cost cutting to show EPS growth....
2014 may be as good or bigger than 2013 in terms of gains in indices......
2000 in S&P 500 is a given for 2014.....that is again of 182 points or a gain of 16.36% from where we closed on Friday......
There is a good chance that Nasdaq may show gain of better than 25% in 2014......which is a gain of 1026 points which will take Nasdaq into a new all time high.....we are looking @ 5130 in Nasdaq...
All in all 2014 is looking like a strong year where all indices will exceed into new all time high territory...this has not happened since 2000...a wait of 14 years for Nasdaq to make new all time high.....
2014 may be a year where many boats will be lifted.......
Patience with good themes in stock selection will be rewarded better than indices.....
We all need to look back to 2013 where we failed & why we failed to perform......in most cases we will realize that "patience was lacking with good ideas"
It is important to compare against indices gains to our own performance, 2013 was a bad year for me in a long time, reasons are many, but biggest one is too much faith in "turnaround stocks" instead of staying with winners.
BUT we all have a trading style which works most of the time.......
Lets start 2014 strategy on a winning note.....
Looking back is the biggest teacher which can correct some of the trading mistakes.
I am very happy that most traders benefited with my "market call" & direction......not an easy task but was on the mark 90% of the time......% could be even higher......
Good luck to every trader & investor for another productive year.
BLOG does NOT give buy or sell.
Saleem
Friday, December 20, 2013
Indices closed UP .26% to 1.15%....NICE !!!!
As expected TAPE was strong today, DOW & S&P 500 closed @ all time high.
S&P 500 @1818.31, high 1823.75
RSI @ 62.83
CMF @ 0.024
Internals were :
UP volume led by 2.39 to 1 in NYSE & 4.83 to 1 in Nasdaq
Advancing stocks led by 3.11 to 1 in NYSE & 2.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 242 in NYSE & 222 in Nasdaq
VIX Down 2.54% @ 13.79
Oil @ $99.32
Gold @ $1203.70
Canadian $ @ 93.20
Stocks which were UP 1% or more included RALY
BBRY TRIP BIDU MU EXPE TSLA AMZN
LUV GOOG TWTR DNKN CMG EBAY
FFIV COH MA YNDX ARUN RVBD
CRUS GMCR SNDK AMCC TCK
CIEN JDSU SPLK MCD EGO
JCP WUBA CSOD....
Here is my weighting :
JKS 35.23%
SINA 34.33%
AUY 15.58%
RALY 14.86%
Exposure 130%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @1818.31, high 1823.75
RSI @ 62.83
CMF @ 0.024
Internals were :
UP volume led by 2.39 to 1 in NYSE & 4.83 to 1 in Nasdaq
Advancing stocks led by 3.11 to 1 in NYSE & 2.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 242 in NYSE & 222 in Nasdaq
VIX Down 2.54% @ 13.79
Oil @ $99.32
Gold @ $1203.70
Canadian $ @ 93.20
Stocks which were UP 1% or more included RALY
BBRY TRIP BIDU MU EXPE TSLA AMZN
LUV GOOG TWTR DNKN CMG EBAY
FFIV COH MA YNDX ARUN RVBD
CRUS GMCR SNDK AMCC TCK
CIEN JDSU SPLK MCD EGO
JCP WUBA CSOD....
Here is my weighting :
JKS 35.23%
SINA 34.33%
AUY 15.58%
RALY 14.86%
Exposure 130%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 19, 2013
Indices closed mixed.....
Indices closed mixed after a huge run, Dow managed to close @ another record high.
S&P 500 @ 1809.60, high 1810.88
RSI @ 59.95
CMF @ 0.051
Internals were :
Down volume led by 1.22 to 1 in NYSE & 1.33 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 68 in NYSE & 102 in Nasdaq
VIX UP 2.54% @ 14.15
Oil @ $98.77
Gold @ $1193.60
AH ER NKE Down .95% TIBX Down 9.93% RHT UP 12.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE rested today, i am expecting a strong close on Friday Option Expiry. TAPE is all set to make series of new highs. Positioning for Year end rally & 2014 is a good strategy.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1809.60, high 1810.88
RSI @ 59.95
CMF @ 0.051
Internals were :
Down volume led by 1.22 to 1 in NYSE & 1.33 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 68 in NYSE & 102 in Nasdaq
VIX UP 2.54% @ 14.15
Oil @ $98.77
Gold @ $1193.60
AH ER NKE Down .95% TIBX Down 9.93% RHT UP 12.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE rested today, i am expecting a strong close on Friday Option Expiry. TAPE is all set to make series of new highs. Positioning for Year end rally & 2014 is a good strategy.
BLOG does NOT give buy or sell.
Saleem
Indices are mixed.....
Indices are mixed after a huge run yesterday.
S&P 500 @ 1809.25, high 1810.19
Internals are negative
Oil UP $1.11
Gold Down $40.00
Canadian $ UP 28 tick @ 93.72
VIX Down .80% @ 13.69
In my portfolio :
Added 70% AUY @ $8.45
Portfolio FB options JKS RALY SINA AUY
Most stocks are down
@ 1.59 following are green :
JKS RALY SINA BBRY TRIP M AMZN
NFLX PCLN GOOG LNKD TCK
GRPN AMCC PANW CSIQ
X STLD SU MA V SPWR
WLT TRLA GS AGU
YELP MLNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1809.25, high 1810.19
Internals are negative
Oil UP $1.11
Gold Down $40.00
Canadian $ UP 28 tick @ 93.72
VIX Down .80% @ 13.69
In my portfolio :
Added 70% AUY @ $8.45
Portfolio FB options JKS RALY SINA AUY
Most stocks are down
@ 1.59 following are green :
JKS RALY SINA BBRY TRIP M AMZN
NFLX PCLN GOOG LNKD TCK
GRPN AMCC PANW CSIQ
X STLD SU MA V SPWR
WLT TRLA GS AGU
YELP MLNX...
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 18, 2013
Indices closed UP 1.15% to 1.84%....NICE !!!
Indices closed near high of the day on Fed taper decision.
S&P 500 @ 1810.65, high 1811.08
RSI @ 60.48
CMF @ -0.015
Internals were :
UP volume led by 5.09 to 1 in NYSE & 3.42 to 1 in Nasdaq
Advancing stocks led by 3.69 to 1 in NYSE & 2.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 111 in Nasdaq
VIX Down 14.87% @ 13.80
Oil @ $97.80
Gold @ $1235.00
Stocks which were UP 1% or more included FB RALY SINA
BIDU EXPE AMZN LUV MS PCLN KORS GOOG C
GRPN GMCR LRCX AMCC C YHOO LEN YUM
EBAY PANW SBUX MCD SU WUBA WLT
Z WYNN LVS GS......
AH ER ORCL UP 1.47%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed taper of $10 Billion was timed as expected, Fed knew they have to give advance notice of any taper so market does not debate endlessly. US budget is also passed by Senate which is another plus. TAPE may digest huge gains from today but i expect indices to be mostly green by close. IBD tonight is changing its market outlook to "market uptrend resumes".....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1810.65, high 1811.08
RSI @ 60.48
CMF @ -0.015
Internals were :
UP volume led by 5.09 to 1 in NYSE & 3.42 to 1 in Nasdaq
Advancing stocks led by 3.69 to 1 in NYSE & 2.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 111 in Nasdaq
VIX Down 14.87% @ 13.80
Oil @ $97.80
Gold @ $1235.00
Stocks which were UP 1% or more included FB RALY SINA
BIDU EXPE AMZN LUV MS PCLN KORS GOOG C
GRPN GMCR LRCX AMCC C YHOO LEN YUM
EBAY PANW SBUX MCD SU WUBA WLT
Z WYNN LVS GS......
AH ER ORCL UP 1.47%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed taper of $10 Billion was timed as expected, Fed knew they have to give advance notice of any taper so market does not debate endlessly. US budget is also passed by Senate which is another plus. TAPE may digest huge gains from today but i expect indices to be mostly green by close. IBD tonight is changing its market outlook to "market uptrend resumes".....
BLOG does NOT give buy or sell.
Saleem
Indices UP .41% to 1.17%......Nice !!!!
Indices are UP nicely on Fed decision to taper $10 billion from January 2014.
S&P 500 @ 1799.76, high 1801.69
Internals are positive
Oil UP 63 cents
Gold UP $6.50
Canadian $ Down 16 tick @ 94.14
VIX Down 10.55% @ 14.50
Portfolio FB option JKS RALY SINA AUY
Most stocks are UP
@ 3.10 following are red :
JKS BBRY TRIP MU TSLA AAPL TWTR
TSL CSIQ LNKD FFIV FSLR ARUN
SPLK STLD CSOD TRLA YELP
MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1799.76, high 1801.69
Internals are positive
Oil UP 63 cents
Gold UP $6.50
Canadian $ Down 16 tick @ 94.14
VIX Down 10.55% @ 14.50
Portfolio FB option JKS RALY SINA AUY
Most stocks are UP
@ 3.10 following are red :
JKS BBRY TRIP MU TSLA AAPL TWTR
TSL CSIQ LNKD FFIV FSLR ARUN
SPLK STLD CSOD TRLA YELP
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 17, 2013
Indices closed down .06% to .31%......
Indices closed down as traders waited for fed statement.
S&P 500 @ 1781.00, low 1777.05
RSI @48.74
CMF @ -0.111
Internals were :
Down volume led by 1.43 to 1 in NYSE & .92 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 1 in NYSE & 49 in Nasdaq
VIX UP 1.12% @ 16.21
Oil @ $97.22
Gold @ $1230.10
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
About market, it is all about Fed statement @ 2 PM, i expect Fed statement to highlight consensus on the need to start taper in January or March as some are speculating, my bet is still January small taper then going up each month. Indices will jump around in anticipation plus actual release, after UP & DOWN moves until 3 PM we should close substantially higher. Taking advantage of any dip should pay off by end of the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1781.00, low 1777.05
RSI @48.74
CMF @ -0.111
Internals were :
Down volume led by 1.43 to 1 in NYSE & .92 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 1 in NYSE & 49 in Nasdaq
VIX UP 1.12% @ 16.21
Oil @ $97.22
Gold @ $1230.10
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
About market, it is all about Fed statement @ 2 PM, i expect Fed statement to highlight consensus on the need to start taper in January or March as some are speculating, my bet is still January small taper then going up each month. Indices will jump around in anticipation plus actual release, after UP & DOWN moves until 3 PM we should close substantially higher. Taking advantage of any dip should pay off by end of the day.
BLOG does NOT give buy or sell.
Saleem
Indices are mixed.....
TAPE is fighting back from earlier losses, only S&P 500 is red barely.
S&P 500 @ 1784.23, low 1777.05
Internals are mixed
Oil Down 18 cents
Gold Down $14.30
Canadian $ Down 14 tick 94.23
VIX Down .75% @ 15.91...high today was 16.67.....looks very good for bullish move in stocks....
Portfolio FB options JKS RALY SINA AUY
Most stocks are down
@ 2.17 following are green :
FB JKS SINA LULU MGA EXPE TSLA
NFLX KORS TSL AMZN CSIQ V
FFIV FSLR GRPN ARUN CEUS
LRCX SNDK AMCC JDSU
FNSR PANW SPLK
SPWR CSOD Z
YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1784.23, low 1777.05
Internals are mixed
Oil Down 18 cents
Gold Down $14.30
Canadian $ Down 14 tick 94.23
VIX Down .75% @ 15.91...high today was 16.67.....looks very good for bullish move in stocks....
Portfolio FB options JKS RALY SINA AUY
Most stocks are down
@ 2.17 following are green :
FB JKS SINA LULU MGA EXPE TSLA
NFLX KORS TSL AMZN CSIQ V
FFIV FSLR GRPN ARUN CEUS
LRCX SNDK AMCC JDSU
FNSR PANW SPLK
SPWR CSOD Z
YELP MLNX....
BLOG does NOT give buy or sell.
Saleem
Monday, December 16, 2013
Indices closed UP .63% to .82%....NICE !!!!
Indices closed UP on positive economic news.
S&P 500 @ 1786.54, high 1792.22
RSI @ 51.38
CMF @ -0.127
Internals were :
UP volume led by 2.80 to 1 in NYSE & 2.94 to 1 in Nasdaq
Advancing stocks led by 2.00 to 1 in NYSE & 2.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 34 in NYSE & 73 in Nasdaq
VIX UP 1.71% @ 16.03
Oil @ $97.48
Gold @ $1244.40
Stocks which closed green included FB JKS AUY
BBRY TRIP SLW GG EXPE AMZN AAPL
GOOG TSL CSIQ FSLR EBAY YUM
LVS FFIV MA ARUN RVBD MCD
SNDK AMCC JDSU PANW Z
GMCR CSOD GS....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was quite resilient after four down days. Fed starts its meeting on Tuesday with a statement by 2 PM on Wednesday. Expectations are now shifting towards January taper resulting in positive close today. I am expecting TAPE to remain positive all week in anticipation of January taper. Monthly / weekly option expiry is another catalyst favoring bullish momentum.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1786.54, high 1792.22
RSI @ 51.38
CMF @ -0.127
Internals were :
UP volume led by 2.80 to 1 in NYSE & 2.94 to 1 in Nasdaq
Advancing stocks led by 2.00 to 1 in NYSE & 2.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 34 in NYSE & 73 in Nasdaq
VIX UP 1.71% @ 16.03
Oil @ $97.48
Gold @ $1244.40
Stocks which closed green included FB JKS AUY
BBRY TRIP SLW GG EXPE AMZN AAPL
GOOG TSL CSIQ FSLR EBAY YUM
LVS FFIV MA ARUN RVBD MCD
SNDK AMCC JDSU PANW Z
GMCR CSOD GS....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was quite resilient after four down days. Fed starts its meeting on Tuesday with a statement by 2 PM on Wednesday. Expectations are now shifting towards January taper resulting in positive close today. I am expecting TAPE to remain positive all week in anticipation of January taper. Monthly / weekly option expiry is another catalyst favoring bullish momentum.
BLOG does NOT give buy or sell.
Saleem
Indices UP .74% to .96%.....NICE !!!!
News of better economic activity is giving reassurance to traders that Fed future action on taper is the right course.
S&P 500 @ 1788.90, high 1792.22
Internals are positive by 2 to 1
Oil UP 96 cents
Gold UP $9.50
Canadian $ Down 4 tick @ 94.44
VIX UP .57% @ 15.85....that is a surprise ?
In my portfolio :
Sold QIHU @ $79.31
Bought 10 contract FB option @ 42 cents strike $56 expiring this Friday.
Portfolio FB options JKS RALY SINA AUY
Most stocks are UP
@ 2.04 following are red :
FB RALY SINA QIHU LULU BIDU MU
TSLA NFLX MS KORS TWTR CMG
LNKD KOG COH CRUS X EGO
AEM JCP WUBA TRLA.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1788.90, high 1792.22
Internals are positive by 2 to 1
Oil UP 96 cents
Gold UP $9.50
Canadian $ Down 4 tick @ 94.44
VIX UP .57% @ 15.85....that is a surprise ?
In my portfolio :
Sold QIHU @ $79.31
Bought 10 contract FB option @ 42 cents strike $56 expiring this Friday.
Portfolio FB options JKS RALY SINA AUY
Most stocks are UP
@ 2.04 following are red :
FB RALY SINA QIHU LULU BIDU MU
TSLA NFLX MS KORS TWTR CMG
LNKD KOG COH CRUS X EGO
AEM JCP WUBA TRLA.....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 15, 2013
Taper of $10 Billion or $25 Billion ?
TAPE is weak & struggling with Fed upcoming decision on taper....
IF Fed decides to cutback by $10 Billion we may see a relief rally.....
IF Fed decides to cutback by $25 billion we may go well below 50 DMA in indices.....
Whole world markets have their eyes on Fed decision......
TAPE has been weak & making lower lows which is not healthy....
By 2 PM on Wednesday markets may have made lows for this pullback.
It is OK to buy on weakness which has been ongoing since last week of October 2013...we are exactly where we were last week of October.
This Friday is also option expiry which may bring more volatility...
Doing nothing ahead of Fed or Option Expiry is an OK strategy also......let the uncertainty be out of the way.
Many stocks have hit recent lows & may be ripe for a trade.
TWTR has proven once again that so called pundits have no clue when they "bad mouth" certain stock or IPO.
Solar stocks have pulled back substantially & may be ready to move again.
Chinese Internet stocks are stable & may be getting ready for a move UP.
Gold & Gold stocks are looking washed out & may outperform in 2014.....
SO...it is a week to rethink & reposition for 2014......
Making money is a combination of Science ( technical), Art ( fundamental) & luck ( timing)...sometimes luck plays a significant role .......
Good luck with your strategy which may or may not include above mentioned approach, some of you just do $ cost averaging which beats all strategy.
BLOG does NOT give buy or sell.
Saleem
IF Fed decides to cutback by $10 Billion we may see a relief rally.....
IF Fed decides to cutback by $25 billion we may go well below 50 DMA in indices.....
Whole world markets have their eyes on Fed decision......
TAPE has been weak & making lower lows which is not healthy....
By 2 PM on Wednesday markets may have made lows for this pullback.
It is OK to buy on weakness which has been ongoing since last week of October 2013...we are exactly where we were last week of October.
This Friday is also option expiry which may bring more volatility...
Doing nothing ahead of Fed or Option Expiry is an OK strategy also......let the uncertainty be out of the way.
Many stocks have hit recent lows & may be ripe for a trade.
TWTR has proven once again that so called pundits have no clue when they "bad mouth" certain stock or IPO.
Solar stocks have pulled back substantially & may be ready to move again.
Chinese Internet stocks are stable & may be getting ready for a move UP.
Gold & Gold stocks are looking washed out & may outperform in 2014.....
SO...it is a week to rethink & reposition for 2014......
Making money is a combination of Science ( technical), Art ( fundamental) & luck ( timing)...sometimes luck plays a significant role .......
Good luck with your strategy which may or may not include above mentioned approach, some of you just do $ cost averaging which beats all strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, December 13, 2013
Indices closed mixed.....
Indices closed mixed in anticipation of upcoming Fed decision on Taper.
S&P 500 @ 1775.32, low 1772.45
RSI @ 45.85
CMF @ -0.083
Internals were :
UP volume led by 1.08 to 1 in NYSE & 1.21 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 57 in NYSE & highs leading by 20 in Nasdaq
VIX UP 1.31% @ 15.76
Oil @ $96.60
Gold @ $1234.60
Canadian $ @ 94.47
Stocks which closed green included JKS QIHU AUY
MGA MU EXPE FB TSLA AMZN MS SNDK
TWTR YUM LVS MA V GMCR CIEN X
PANW MMCD AEM SPWR CSOD
BBRY TRLA Z WYNN AGU.....
Here is my portfolio weighting :
SINA 32.58%
JKS 30.85%
QIHU 14.42%
RALY 12.85%
AUY 9.30%
Exposure 130%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1775.32, low 1772.45
RSI @ 45.85
CMF @ -0.083
Internals were :
UP volume led by 1.08 to 1 in NYSE & 1.21 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 57 in NYSE & highs leading by 20 in Nasdaq
VIX UP 1.31% @ 15.76
Oil @ $96.60
Gold @ $1234.60
Canadian $ @ 94.47
Stocks which closed green included JKS QIHU AUY
MGA MU EXPE FB TSLA AMZN MS SNDK
TWTR YUM LVS MA V GMCR CIEN X
PANW MMCD AEM SPWR CSOD
BBRY TRLA Z WYNN AGU.....
Here is my portfolio weighting :
SINA 32.58%
JKS 30.85%
QIHU 14.42%
RALY 12.85%
AUY 9.30%
Exposure 130%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, December 12, 2013
Indices closed down .14% to .66%.....
Indices closed near lows again.
S&P 500 @ 1775.50, low 1772.28
RSI @ 46.93
CMF @ -0.021
Internals were :
Down volume led by 1.40 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk lows were leading by 237 in NYSE & 4 in Nasdaq
VIX UP .78% @ 15.54
Oil @ $97.50
Gold @ $1224.90
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, S&P 500 made lower lows of 1772.28 vs 1779.09 seven trading days ago. Today internals were all in negative which means a deeply oversold condition. We should move UP from here as we have discounted tapering. i expect tapering to start in January 2014. Hopefully Fed will confirm all that next week. We may rally in anticipation of January tapering vs much feared December tapering. VIX gave me a signal today that we are ready to rally as per my afternoon BLOG.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1775.50, low 1772.28
RSI @ 46.93
CMF @ -0.021
Internals were :
Down volume led by 1.40 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk lows were leading by 237 in NYSE & 4 in Nasdaq
VIX UP .78% @ 15.54
Oil @ $97.50
Gold @ $1224.90
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, S&P 500 made lower lows of 1772.28 vs 1779.09 seven trading days ago. Today internals were all in negative which means a deeply oversold condition. We should move UP from here as we have discounted tapering. i expect tapering to start in January 2014. Hopefully Fed will confirm all that next week. We may rally in anticipation of January tapering vs much feared December tapering. VIX gave me a signal today that we are ready to rally as per my afternoon BLOG.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed & is off the lows, worry remains what Fed will do about Taper.
S&P 500 @ 1780.02, low 1772.28
Internals are mixed
Oil UP 19 cents
Gold Down $30.90
Canadian $ Down 52 tick @ 93.92
VIX UP .32% @ 15.47, looks like it has reached its peak today @ 16.09...looks bullish for equities...
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.24 following are green :
JKS QIHU SINA KOG MU EXPE FB TSLA AMZN
NFLX LUV MS KORS AAPL TWTR TSL
YHOO CSIQ CMG LNKD YNDX C
FSLR GRPN SPLK SBUX X SU
WUBA TRLA Z GS YELP...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1780.02, low 1772.28
Internals are mixed
Oil UP 19 cents
Gold Down $30.90
Canadian $ Down 52 tick @ 93.92
VIX UP .32% @ 15.47, looks like it has reached its peak today @ 16.09...looks bullish for equities...
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.24 following are green :
JKS QIHU SINA KOG MU EXPE FB TSLA AMZN
NFLX LUV MS KORS AAPL TWTR TSL
YHOO CSIQ CMG LNKD YNDX C
FSLR GRPN SPLK SBUX X SU
WUBA TRLA Z GS YELP...
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 11, 2013
Indices closed down .81% to 1.40%......
Indices went into a freefall & closed near low of the day.
S&P 500 @ 1782.22, low 1780.09
RSI @ 48.80
CMF @ 0.052
Internals were :
Down volume led by 6.67 to 1 in NYSE & 4.59 to 1 in Nasdaq
Declining stocks led by 4.13 to 1 in NYSE & 3.39 to 1 in Nasdaq
Net new 52 wk lows were leading by 116 in NYSE & highs by 10 in Nasdaq
VIX UP 10.86% @ 15.42%
Oil @ $97.44
Gold @ $1257.20
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, IBD tonight has changed its market outlook to "market uptrend under pressure". TAPE was extremely weak & internals were weakest in a long time, this does not bode well for health of this TAPE.I expect continued selling on Thursday.This could be serious in terms of correction, S&P 500 had the lowest close since November 20th, 2013. Unless we get clarity on taper from Fed this TAPE may remain under pressure.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1782.22, low 1780.09
RSI @ 48.80
CMF @ 0.052
Internals were :
Down volume led by 6.67 to 1 in NYSE & 4.59 to 1 in Nasdaq
Declining stocks led by 4.13 to 1 in NYSE & 3.39 to 1 in Nasdaq
Net new 52 wk lows were leading by 116 in NYSE & highs by 10 in Nasdaq
VIX UP 10.86% @ 15.42%
Oil @ $97.44
Gold @ $1257.20
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, IBD tonight has changed its market outlook to "market uptrend under pressure". TAPE was extremely weak & internals were weakest in a long time, this does not bode well for health of this TAPE.I expect continued selling on Thursday.This could be serious in terms of correction, S&P 500 had the lowest close since November 20th, 2013. Unless we get clarity on taper from Fed this TAPE may remain under pressure.
BLOG does NOT give buy or sell.
Saleem
Indices down .38% to .96%.....
Indices are down as focus shifted to "quality of budget deal".....
S&P 500 @ 1791.14, low 1786.71
Internals are negative by almost 3 to 1
Oil Down $1.19
Gold Down $5.20
Canadian $ Down 4 tick @ 94.25
VIX UP 6.11% @ 14.76
In my portfolio :
Added 15% JKS @ $25.66
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.03 following are green :
RALY NFLX TWTR LVS FFIV MA V
GRPN RVBD LRCX BRCM FNSR
M MCD WUBA BBRY WYNN...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1791.14, low 1786.71
Internals are negative by almost 3 to 1
Oil Down $1.19
Gold Down $5.20
Canadian $ Down 4 tick @ 94.25
VIX UP 6.11% @ 14.76
In my portfolio :
Added 15% JKS @ $25.66
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.03 following are green :
RALY NFLX TWTR LVS FFIV MA V
GRPN RVBD LRCX BRCM FNSR
M MCD WUBA BBRY WYNN...
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 10, 2013
Indices closed down .20% to .33%.....
Indices closed down closing near low of the day.
S&P 500 @ 1802.62, low 1801.75
RSI @ 59.25
CMF @ 0.104
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 55 in Nasdaq
VIX UP 3.11% @ 13.91
Oil @ $98.51
Gold @ $1261.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was weak & internals were weaker. The only positive was that Social Media, Internet, Gold & commodities stocks were strong. Looks like rotation is very much in play. Budget deal removes one major negative from traders mind. It is important to play what is working. Market verdict is more important than ones opinion.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1802.62, low 1801.75
RSI @ 59.25
CMF @ 0.104
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 55 in Nasdaq
VIX UP 3.11% @ 13.91
Oil @ $98.51
Gold @ $1261.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was weak & internals were weaker. The only positive was that Social Media, Internet, Gold & commodities stocks were strong. Looks like rotation is very much in play. Budget deal removes one major negative from traders mind. It is important to play what is working. Market verdict is more important than ones opinion.
BLOG does NOT give buy or sell.
Saleem
Indices down .20% to .30%.....
Indices are down on taper timetable. I still think its in January 2014.
S&P 500 @ 1803.77, low 1801.75
Internals are negative
Oil UP 95 cents
Gold UP $28.10
Canadian $ UP 23 tick @ 94.27
VIX UP 4.82% @ 14.14
In my portfolio :
Sold ARUN @ $17.25
Bought RALY @ $18.05
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.16 following are green :
JKS QIHU RALY SINA AUY SLW BIDU
FB TSLA AMZN NFLX MS KORS
PCLN GOOG TWTR TSL LEN
YHOO CSIQ SU LNKD MA
FSLR GRPN GMCR EGO
BRCM AMCC TCK X
GG AEM JCP SPWR
WYNN GS YELP...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1803.77, low 1801.75
Internals are negative
Oil UP 95 cents
Gold UP $28.10
Canadian $ UP 23 tick @ 94.27
VIX UP 4.82% @ 14.14
In my portfolio :
Sold ARUN @ $17.25
Bought RALY @ $18.05
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.16 following are green :
JKS QIHU RALY SINA AUY SLW BIDU
FB TSLA AMZN NFLX MS KORS
PCLN GOOG TWTR TSL LEN
YHOO CSIQ SU LNKD MA
FSLR GRPN GMCR EGO
BRCM AMCC TCK X
GG AEM JCP SPWR
WYNN GS YELP...
BLOG does NOT give buy or sell.
Saleem
Monday, December 9, 2013
Indices closed UP .03% to .18%....NICE !!!!!
Indices closed in green despite talk of taper.
S&P 500 @ 1808.37, high 1811.52
RSI @ 62.77
CMF @ 0.160
Internals were :
UP volume led by 1.79 to 1 in NYSE & .98 to 1 in Nasdaq
Advancing stocks led by 1 to 1 in NYSE & .71 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 112 in Nasdaq
VIX Down 2.18% @ 13.49
Oil @ $97.34
Gold @ $1234.20
Stocks which closed green included AUY
SLW SB BIDU MU FB TSLA LUV
KORS AAPL GRPN GMCR Z
LRCX SNDK FNSR TWTR
LULU LEN CMG LNKD
LVS WYNN YELP X
FFIV GOOG EGO
PANW STLD
AEM JCP
WLT....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weaker than headline numbers, internals were sloppy. TAPE may rest for a while until clarity from Fed about Taper. In the meantime it is a good idea to review & fine tune your portfolio for 2014. TAPE action in many sectors are very confusing, some are UP & some Down in same sector.Strong sector like Solar are testing & breaching 50 DMA. Commodity sector is showing sign of life.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1808.37, high 1811.52
RSI @ 62.77
CMF @ 0.160
Internals were :
UP volume led by 1.79 to 1 in NYSE & .98 to 1 in Nasdaq
Advancing stocks led by 1 to 1 in NYSE & .71 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 112 in Nasdaq
VIX Down 2.18% @ 13.49
Oil @ $97.34
Gold @ $1234.20
Stocks which closed green included AUY
SLW SB BIDU MU FB TSLA LUV
KORS AAPL GRPN GMCR Z
LRCX SNDK FNSR TWTR
LULU LEN CMG LNKD
LVS WYNN YELP X
FFIV GOOG EGO
PANW STLD
AEM JCP
WLT....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weaker than headline numbers, internals were sloppy. TAPE may rest for a while until clarity from Fed about Taper. In the meantime it is a good idea to review & fine tune your portfolio for 2014. TAPE action in many sectors are very confusing, some are UP & some Down in same sector.Strong sector like Solar are testing & breaching 50 DMA. Commodity sector is showing sign of life.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .11% to .25%.....NICE !!!!
Indices are higher despite Fed official comment about Taper.
S&P 500 @ 1809.45, high 1811.52, all time high 1813.55
Internals are mixed
Oil Down 17 cents
Gold UP $5.50
Canadian $ Down 6 tick @ 93.36
VIX UP 1.02% @ 13.93
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are UP
@ 2.05 following are red :
JKS QIHU SINA RALY KOG BLOX EXPE
AMZN MS PCLN TSL YHOO CSIQ
EBAY FSLR YNDX GMCR CIEN
SPLK MCD WUBA SPWR
CSOD BBRY TRLA Z...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1809.45, high 1811.52, all time high 1813.55
Internals are mixed
Oil Down 17 cents
Gold UP $5.50
Canadian $ Down 6 tick @ 93.36
VIX UP 1.02% @ 13.93
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are UP
@ 2.05 following are red :
JKS QIHU SINA RALY KOG BLOX EXPE
AMZN MS PCLN TSL YHOO CSIQ
EBAY FSLR YNDX GMCR CIEN
SPLK MCD WUBA SPWR
CSOD BBRY TRLA Z...
BLOG does NOT give buy or sell.
Saleem
Sunday, December 8, 2013
Market momentum to continue or mark time.......
Funny thing happened on the way to Jobs report, Jobs report was stronger than expected & every pundit & blogger was proven wrong in terms of reaction to stronger jobs report.......guess what....it was taken as good news for the market........
S&P 500 is eight points away from establishing a new all time high, which could come when we open on Monday.
On thing we all have to learn is not to believe in our own analysis all the time, sometimes the best of us are given a surprise by the TAPE.
Friday's TAPE is all the more confusing IF we look @ investors sentiment from Wednesday which is giving a read of Bulls @ 57.1% & bears @ 14.3%....most optimistic reading in decade or more, this normally foretells a major pullback of 10% or more ?
BUT December has its own history of extremely bullish TAPE, it will be interesting to see how this cross-current plays out.
As we all have learned on Friday, not to predict where market will go, it IS more important to follow the strength of certain stocks which IS showing renewed strength.
As we all have learned the hard way not to bet on laggards, it is important not to repeat this mistake going into December or into 2014.
New 52 wk high list is a great place to hunt for ideas......
Technicians are a firm believer in trends, strength begets strength & weakness to be ignored.
When stocks are breaking out they generally have multi-year uptrend with many digestive phase. AMZN is a great example of "disbelief & impossibility" based on traditional PE analysis.
IF i can highlight one thing from my own experience of 2013 strategy, that i should have invested in strong stocks.
As 2013 is ending in less than 3 weeks, it IS important to position for 2014.
Good luck with your OWN strategy & a prosperous ending to 2013.
BLOG does NOT give buy or sell.
Saleem
S&P 500 is eight points away from establishing a new all time high, which could come when we open on Monday.
On thing we all have to learn is not to believe in our own analysis all the time, sometimes the best of us are given a surprise by the TAPE.
Friday's TAPE is all the more confusing IF we look @ investors sentiment from Wednesday which is giving a read of Bulls @ 57.1% & bears @ 14.3%....most optimistic reading in decade or more, this normally foretells a major pullback of 10% or more ?
BUT December has its own history of extremely bullish TAPE, it will be interesting to see how this cross-current plays out.
As we all have learned on Friday, not to predict where market will go, it IS more important to follow the strength of certain stocks which IS showing renewed strength.
As we all have learned the hard way not to bet on laggards, it is important not to repeat this mistake going into December or into 2014.
New 52 wk high list is a great place to hunt for ideas......
Technicians are a firm believer in trends, strength begets strength & weakness to be ignored.
When stocks are breaking out they generally have multi-year uptrend with many digestive phase. AMZN is a great example of "disbelief & impossibility" based on traditional PE analysis.
IF i can highlight one thing from my own experience of 2013 strategy, that i should have invested in strong stocks.
As 2013 is ending in less than 3 weeks, it IS important to position for 2014.
Good luck with your OWN strategy & a prosperous ending to 2013.
BLOG does NOT give buy or sell.
Saleem
Friday, December 6, 2013
Indices closed UP .73% to 1.26%.....NICE !!!!
Jobs report came in above consensus @ 203 K, but good news about economy was not bad news for stock market, a change from last proclaimed theory....that is what wall street is all about...similar news can have different reaction in 24 hours.
S&P 500 @ 1805.09, high 1806.04
RSI @ 61.56
CMF @ 0.226
Internals were :
UP volume led by 2.97 to 1 in NYSE & 1.97 to 1 in Nasdaq
Advancing stocks led by 2.57 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 134 in Nasdaq
VIX Down 8.55% @ 13.79
Oil @ $97.65
Gold @ $1229.00
Canadian $ @ 93.37
Stocks which closed green included SLW GG BIDU MU
AMZN LUV MS PCLN GOOG GMCR LRCX C
SNDK BRCM JDSU LEN DNKN CMG LVS
EBAY LNKD LVS WYNN FFIV MA M
PANW MCD CSOD MGA Z GS
MLNX.....
Here is my portfolio weighting :
SINA 33.79%
JKS 31.33%
QIHU 15.50%
ARUN 9.82%
AUY 9.56%
Exposure 125%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1805.09, high 1806.04
RSI @ 61.56
CMF @ 0.226
Internals were :
UP volume led by 2.97 to 1 in NYSE & 1.97 to 1 in Nasdaq
Advancing stocks led by 2.57 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 134 in Nasdaq
VIX Down 8.55% @ 13.79
Oil @ $97.65
Gold @ $1229.00
Canadian $ @ 93.37
Stocks which closed green included SLW GG BIDU MU
AMZN LUV MS PCLN GOOG GMCR LRCX C
SNDK BRCM JDSU LEN DNKN CMG LVS
EBAY LNKD LVS WYNN FFIV MA M
PANW MCD CSOD MGA Z GS
MLNX.....
Here is my portfolio weighting :
SINA 33.79%
JKS 31.33%
QIHU 15.50%
ARUN 9.82%
AUY 9.56%
Exposure 125%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
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