Indices were strong then leaders in tech began faltering badly so we closed mixed. S&P 500 had highest close in history & Nasdaq made another intraday high in 14 years.
S&P 500 @ 1859.45, high 1867.92
RSI @ 64.09
CMF @ 0.217
Internals were :
UP volume led by 1.44 to 1 in NYSE & .72 to 1 in Nasdaq
Advancing stocks led by 1.53 to 1 in NYSE & .88 to 1 in Nasdaq
Net new 52 wk highs were leading by 200 in NYSE & 181 in Nasdaq
VIX Down .28% @ 14.00
Oil @ $102.59
Gold @ $1321.60
Canadian $ @ 89.25
In my portfolio :
Sold ZNGA @ $5.03
Bought TSL @ $16.03
Stocks which were UP 1% or more included ALU TSL
MGA JKS RVBD HMY CCJ WUBA MS....
Here is my weighting :
MU 32.56%
KOG 26.49%
SSRI 23.13%
TSL 10.78%
ALU 7.04%
Exposure 139%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, February 28, 2014
Thursday, February 27, 2014
Indices closed UP .46% to .63%.....NICE !!!!!
Indices closed near high of the day.
S&P 500 @ 1854.29, high 1854.53
RSI @ 62.62
CMF @ 0.238
Internals were :
UP volume led by 2.65 to 1 in NYSE & 1.73 to 1 in Nasdaq
Advancing stocks led by 2.08 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 113 in NYSE & 130 in Nasdaq
VIX Down 2.16% @ 14.04
Oil @ $102.40
Gold @ $1331.80
Stocks which were UP 2% or more included KOG
LVS YHOO TSL BIDU FSLR GRPN CRUS
AMCC KBH SPLK JCP WUBA TRLA
WYNN YELP......
AH ER : GPS Down .3%, CRM Down .8%
KOG Down 1.54%, SPLK Down 3.14%
DECK Down 13.78%, OVTI UP 14.81%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, S&P 500 closed @ the highest level in history, Nasdaq closed @ highest level in 14 years. We may get month end buying follow through on Friday. I am expecting a "tough March"......RSI may not get to 70 this time & was not impressed with new 52 wk high list for today. It is important to keep an eye on your winners & take advantage of higher prices by booking gains, you can buy them back in April. Sectors which may do well in March needs to be monitored closely. It is OK to have your own hunch but TAPE will decide on winners for March.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1854.29, high 1854.53
RSI @ 62.62
CMF @ 0.238
Internals were :
UP volume led by 2.65 to 1 in NYSE & 1.73 to 1 in Nasdaq
Advancing stocks led by 2.08 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 113 in NYSE & 130 in Nasdaq
VIX Down 2.16% @ 14.04
Oil @ $102.40
Gold @ $1331.80
Stocks which were UP 2% or more included KOG
LVS YHOO TSL BIDU FSLR GRPN CRUS
AMCC KBH SPLK JCP WUBA TRLA
WYNN YELP......
AH ER : GPS Down .3%, CRM Down .8%
KOG Down 1.54%, SPLK Down 3.14%
DECK Down 13.78%, OVTI UP 14.81%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, S&P 500 closed @ the highest level in history, Nasdaq closed @ highest level in 14 years. We may get month end buying follow through on Friday. I am expecting a "tough March"......RSI may not get to 70 this time & was not impressed with new 52 wk high list for today. It is important to keep an eye on your winners & take advantage of higher prices by booking gains, you can buy them back in April. Sectors which may do well in March needs to be monitored closely. It is OK to have your own hunch but TAPE will decide on winners for March.
BLOG does NOT give buy or sell.
Saleem
KOG reports Q4 ........
KOG is reporting the following for Q4 :
Sales actual $266 million, expected $269.81 million
EPS actual 17 cents, expected 18 cents
KOG AH Bid $11.40 Ask $11.59...closed @ $11.72
Weather could be a factor for missing both Top & Bottom line......
Conference Call @ 11 AM Friday
BLOG does NOT give buy or sell.
Saleem
Sales actual $266 million, expected $269.81 million
EPS actual 17 cents, expected 18 cents
KOG AH Bid $11.40 Ask $11.59...closed @ $11.72
Weather could be a factor for missing both Top & Bottom line......
Conference Call @ 11 AM Friday
BLOG does NOT give buy or sell.
Saleem
Indices UP .43% to .66%...NICE !!!!!
Indices are rallying towards 2014 highs.
S&P 500 @ 1853.94, high 1854.53
Internals are positive by almost 2 to 1
Oil Down 62 cents
Gold UP $2.90
Canadian $ Down 11 tick @ 98.63
VIX Down 2.93% @ 13.93
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 1.58 following are red :
ALU MU ZNGA HMY LNKD AMZN MGA SINA
SU YNDX RVBD LRCX SNDK AG SWIR
PANW GMCR MCD EGO AEM ...
KOG reports AH cc @ 11.00 AM Friday, expectations are
Q4 Sales $269.81 Million & EPS 18 cents
Q1 guidance Sales $273.69 million & EPS 19 cents
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1853.94, high 1854.53
Internals are positive by almost 2 to 1
Oil Down 62 cents
Gold UP $2.90
Canadian $ Down 11 tick @ 98.63
VIX Down 2.93% @ 13.93
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 1.58 following are red :
ALU MU ZNGA HMY LNKD AMZN MGA SINA
SU YNDX RVBD LRCX SNDK AG SWIR
PANW GMCR MCD EGO AEM ...
KOG reports AH cc @ 11.00 AM Friday, expectations are
Q4 Sales $269.81 Million & EPS 18 cents
Q1 guidance Sales $273.69 million & EPS 19 cents
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 26, 2014
Indices closed UP 0% to .12%......NICE !!!!
Indices fought its way to close green.
S&P 500 @ 1845.16, low 1840.66, high 1852.65
RSI @ 59.92
CMF @ 0.156
Internals were :
UP volume led by 1.30 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 148 in NYSE & 149 in Nasdaq
VIX UP 4.97% @ 14.35
Oil @ $102.54
Gold @ $1328.00
Stocks which were UP 1% or more included ZNGA
LNKD LULU JCP M BIDU TSLA JKS LEN
TWTR SINA CSIQ EBAY FFIV INVN
YNDX RVBD CRUS AMCC JDSU
FNSR SWIR PANW SBUX X
STLD CCJ WUBA WUBA
CSOD WLT Z MLNX.....
AH ER : WDAY UP 1.77%, ADSK UP 4.82%
BIDU UP 8.16%, JCP 13.26%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was struggling between red & green but by close gently landed in green. TAPE is marking time before decidedly moving higher. Nasdaq made another new 14 year high intraday. Janet Yellen testimony in front of Senate Banking committee may give more reason for traders to stay bullish.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1845.16, low 1840.66, high 1852.65
RSI @ 59.92
CMF @ 0.156
Internals were :
UP volume led by 1.30 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 148 in NYSE & 149 in Nasdaq
VIX UP 4.97% @ 14.35
Oil @ $102.54
Gold @ $1328.00
Stocks which were UP 1% or more included ZNGA
LNKD LULU JCP M BIDU TSLA JKS LEN
TWTR SINA CSIQ EBAY FFIV INVN
YNDX RVBD CRUS AMCC JDSU
FNSR SWIR PANW SBUX X
STLD CCJ WUBA WUBA
CSOD WLT Z MLNX.....
AH ER : WDAY UP 1.77%, ADSK UP 4.82%
BIDU UP 8.16%, JCP 13.26%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was struggling between red & green but by close gently landed in green. TAPE is marking time before decidedly moving higher. Nasdaq made another new 14 year high intraday. Janet Yellen testimony in front of Senate Banking committee may give more reason for traders to stay bullish.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed after giving up on gains.
S&P 500 @ 1844.36, high 1852.65, low 1842.75
Internals are positive by 2 to 1
Oil UP 90 cents
Gold Down $13.50
Canadian $ Down 58 tick @ 87.61....new 4 yr low
VIX UP 4.75% @ 14.32
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 2.15 following are red :
ALU KOG SSRI HMY BBRY FB EXPE NFLX
PCLN KORS AAPLMA TSL CMG SU
GOOG V SPWR FSLR GRPN C
BRCM AG GMCR SPLK
MCD EGO SLW GG
AEM TRLA GS
TRIP...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1844.36, high 1852.65, low 1842.75
Internals are positive by 2 to 1
Oil UP 90 cents
Gold Down $13.50
Canadian $ Down 58 tick @ 87.61....new 4 yr low
VIX UP 4.75% @ 14.32
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 2.15 following are red :
ALU KOG SSRI HMY BBRY FB EXPE NFLX
PCLN KORS AAPLMA TSL CMG SU
GOOG V SPWR FSLR GRPN C
BRCM AG GMCR SPLK
MCD EGO SLW GG
AEM TRLA GS
TRIP...
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 25, 2014
Indices closed Down .13% to .17%.....
Indices were sold off after being up earlier.
S&P 500 @ 1845.12, low 1840.19, high 1852.91
RSI @ 59.91
CMF 0.207
Internals were :
Down volume led by 1.38 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.18 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 119 in Nasdaq
VIX Down 3.94% @ 13.67
Oil @ $101.83
Gold @ $1342.70...new 4 month high...many so called experts are predicting Gold to go down to $1000 this year????
Stocks which were UP 1% or more included ZNGA
LNKD MA AMZN JCP BBRY M TSLA
NFLX PCLN KORS LEN DNKN
GRPN RVBD SWIR SPLK
CCJ Z TRIP......
AH ER : FSLR Down 13.32%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE did 1 step back today & hopefully we move UP on Wednesday. Internals were negative slightly. New 52 wk highs were leading by 100+. TAPE was slightly negative considering everything. Consumer confidence was lower than expected which played a role in negative close. I am expecting more new highs in indices this week.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1845.12, low 1840.19, high 1852.91
RSI @ 59.91
CMF 0.207
Internals were :
Down volume led by 1.38 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.18 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 119 in Nasdaq
VIX Down 3.94% @ 13.67
Oil @ $101.83
Gold @ $1342.70...new 4 month high...many so called experts are predicting Gold to go down to $1000 this year????
Stocks which were UP 1% or more included ZNGA
LNKD MA AMZN JCP BBRY M TSLA
NFLX PCLN KORS LEN DNKN
GRPN RVBD SWIR SPLK
CCJ Z TRIP......
AH ER : FSLR Down 13.32%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE did 1 step back today & hopefully we move UP on Wednesday. Internals were negative slightly. New 52 wk highs were leading by 100+. TAPE was slightly negative considering everything. Consumer confidence was lower than expected which played a role in negative close. I am expecting more new highs in indices this week.
BLOG does NOT give buy or sell.
Saleem
Indices UP .05% to .21%.....NICE !!!!
Indices are UP despite poor consumer confidence data.
S&P 500 @ 1850.20, high 1852.91
Internals are mixed
Oil Down $1.19
Gold UP $5.20...new 4 month high
Canadian $ Down 25 tick @ 89.20
VIX Down 1.06% @ 14.05
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 1.26 following are red :
KOG MU SSRI YHOO LULU OTEX FB
MGA BIDU AAPL JKS TSL SINA
TWTR LVS SU FFIV SPWR
INVN LRCX BRCM CIEN
AG MUX PANW GMCR
SBUX X STLD AEM
CSOD MS TRLA
GS MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1850.20, high 1852.91
Internals are mixed
Oil Down $1.19
Gold UP $5.20...new 4 month high
Canadian $ Down 25 tick @ 89.20
VIX Down 1.06% @ 14.05
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 1.26 following are red :
KOG MU SSRI YHOO LULU OTEX FB
MGA BIDU AAPL JKS TSL SINA
TWTR LVS SU FFIV SPWR
INVN LRCX BRCM CIEN
AG MUX PANW GMCR
SBUX X STLD AEM
CSOD MS TRLA
GS MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, February 24, 2014
Indices closed UP .62% to .69%....NICE !!!!
Indices closed UP & made few records along the way.
S&P 500 @ 1847.61, high 1858.71, low 1836.78
RSI @ 60.94
CMF @ 0.202
Internals were :
UP volume led by 1.48 to 1 in NYSE & 2.37 to 1 in Nasdaq
Advancing stocks led by 1.64 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk highs were leading by 230 in NYSE & 205 in Nasdaq
VIX Down 3.07% @ 14.23
Oil @ $102.82
Gold @ $1338.00
Stocks which were UP 2% or more included KOG SSRI
LNKD BBRY FB TSLA NFLX JKS TSL CSIQ
SPWR FSLR LVS SINA EBAY AMCC
SWIR PANW MS Z WYNN YELP.....
AH ER: SINA Down 1.09%, SCTY Down 4.12%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, this is a TAPE which takes one step back & two step forward, not bad for a bull market which keeps going. Although we closed well off today's high but we made all time highs in S&P 500 & 14 yr high in Nasdaq. A diversified approach is the best way to be in this market. Any weakness should be looked @ an opportunity to rethink portfolio.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1847.61, high 1858.71, low 1836.78
RSI @ 60.94
CMF @ 0.202
Internals were :
UP volume led by 1.48 to 1 in NYSE & 2.37 to 1 in Nasdaq
Advancing stocks led by 1.64 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk highs were leading by 230 in NYSE & 205 in Nasdaq
VIX Down 3.07% @ 14.23
Oil @ $102.82
Gold @ $1338.00
Stocks which were UP 2% or more included KOG SSRI
LNKD BBRY FB TSLA NFLX JKS TSL CSIQ
SPWR FSLR LVS SINA EBAY AMCC
SWIR PANW MS Z WYNN YELP.....
AH ER: SINA Down 1.09%, SCTY Down 4.12%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, this is a TAPE which takes one step back & two step forward, not bad for a bull market which keeps going. Although we closed well off today's high but we made all time highs in S&P 500 & 14 yr high in Nasdaq. A diversified approach is the best way to be in this market. Any weakness should be looked @ an opportunity to rethink portfolio.
BLOG does NOT give buy or sell.
Saleem
Indices UP .94% to 1.04%......NICE !!!!
Indices are in record breaking mode, all time high in S&P 500 & 14 year high in Nasdaq.
S&P 500 @ 1854.84, high 1858.71
Internals are positive by 2 to 1
Oil UP 82 cents
Gold UP $14.12....4 month high !!!
Canadian $ UP 47 tick @ 89.38
VIX Down 3.81% @ 14.12
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@1.54 following are red :
MU JCP M EXPE AAPL TWTR YNDX GRPN
RVBD CIEN FNSR AG GMCR X STLD
EGO WUBA WLT MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1854.84, high 1858.71
Internals are positive by 2 to 1
Oil UP 82 cents
Gold UP $14.12....4 month high !!!
Canadian $ UP 47 tick @ 89.38
VIX Down 3.81% @ 14.12
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@1.54 following are red :
MU JCP M EXPE AAPL TWTR YNDX GRPN
RVBD CIEN FNSR AG GMCR X STLD
EGO WUBA WLT MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 23, 2014
Market to rally or slump ?
Technicians are sounding alarms to the health of this market.
Many technicians are predicting spike in VIX & slump in indices, reason given that S&P 500 failed to make a new all time highs & Dow is way off its highs.
They are also pointing out to resistance to round numbers like 50 & 100 digits in indices....not a proven technical resistance, its just another digit on its way to higher number.
What they are conveniently ignoring that Nasdaq made a new 14 yr high in this rally & S&P 500 came within 3 points in making new all time highs.
I do not see that we are ready to slump because RSI is @ a reasonable 57.86, rallies do not falter from these levels.
SOX is near highs which is a good omen for technology stocks.
VIX @ 14.86 is also not near lows to warrant spiking UP.
I am of the opinion that we may make new highs in S&P 500 easily.......which is only 15 points away from close.
Gold, Silver, biotechs, technology stocks are showing renewed strength which is a good sign for overall health of this market.
Janet Yellen is set to testify on Thursday & may give more reason to rally......we may close on a strong note in coming week.
My conclusion is, stay involved in this TAPE as it is set for higher highs. A diversified approach may work better. Any weakness is a buying opportunity.
Good luck with your own analysis of this TAPE & strategy.
BLOG does NOT give buy or sell.
Saleem
Many technicians are predicting spike in VIX & slump in indices, reason given that S&P 500 failed to make a new all time highs & Dow is way off its highs.
They are also pointing out to resistance to round numbers like 50 & 100 digits in indices....not a proven technical resistance, its just another digit on its way to higher number.
What they are conveniently ignoring that Nasdaq made a new 14 yr high in this rally & S&P 500 came within 3 points in making new all time highs.
I do not see that we are ready to slump because RSI is @ a reasonable 57.86, rallies do not falter from these levels.
SOX is near highs which is a good omen for technology stocks.
VIX @ 14.86 is also not near lows to warrant spiking UP.
I am of the opinion that we may make new highs in S&P 500 easily.......which is only 15 points away from close.
Gold, Silver, biotechs, technology stocks are showing renewed strength which is a good sign for overall health of this market.
Janet Yellen is set to testify on Thursday & may give more reason to rally......we may close on a strong note in coming week.
My conclusion is, stay involved in this TAPE as it is set for higher highs. A diversified approach may work better. Any weakness is a buying opportunity.
Good luck with your own analysis of this TAPE & strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, February 21, 2014
Indices closed down .10% to .19%......
Indices closed near low of the day, housing data was weak in US.
S&P 500 @ 1836.25, low 1835.60, high 1846.13
RSI @ 57.86
CMF 0.140
Internals were :
Down volume led by 1.00 to 1 in NYSE & 1.26 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 157 in NYSE & 173 in Nasdaq
VIX Down .74% @ 14.68
Oil @ $102.20
Gold @ $1323.60
Canadian $ @ 88.72
Stocks which were UP 1% or more included HMY OTEX
PCLN LEN CSOD WYNN AGU......
Here is my weighting :
MU 33.10%
KOG 25.96%
SSRI 23.07%
ZNGA 11.00%
ALU 6.87%
Exposure 139%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1836.25, low 1835.60, high 1846.13
RSI @ 57.86
CMF 0.140
Internals were :
Down volume led by 1.00 to 1 in NYSE & 1.26 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 157 in NYSE & 173 in Nasdaq
VIX Down .74% @ 14.68
Oil @ $102.20
Gold @ $1323.60
Canadian $ @ 88.72
Stocks which were UP 1% or more included HMY OTEX
PCLN LEN CSOD WYNN AGU......
Here is my weighting :
MU 33.10%
KOG 25.96%
SSRI 23.07%
ZNGA 11.00%
ALU 6.87%
Exposure 139%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 20, 2014
Indices closed UP .58% to .70%...NICE !!!!
Indices were strong @ close.
S&P 500 @ 1839.78, high 1842.79
RSI @ 59.21
CMF @ 0.167
Internals were :
UP volume led by 3.04 to 1 in NYSE & 3.96 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 105 in NYSE & 114 in Nasdaq
VIX Down 4.58% @ 14.79
Oil @ $102.92
Gold @ $1316.90
Stocks which were UP 1% or more included KOG SSRI
HMY EGO SLW GG AEM BBRY FB TSLA LUV
NFLX LVS WYNN TWTR SINA TSL CSIQ
SPWR FSLR GRPN ARUN RVBD CRUS
JDSU MUX AG SWIR PANW GMCR
SPLK X WUBA MS TRIP YELP....
AH ER : GRPN Down 11.76%, HPQ UP 1.56%
PCLN UP 1.56%, ARUN UP 6.02%
AH Futures UP
AH Asian Markets Mixed
Oil Down
Gold UP
About market, TAPE is reacting to news both positively & negatively, today it was on the positive side despite poor Chinese data & poor earnings from WMT. US data was well above consensus in terms of manufacturing & unemployment claims ticked down. TAPE is all set to make new all time highs & 14 year highs in Nasdaq. Being in the market has helped those with conviction but stock rotation is in play.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1839.78, high 1842.79
RSI @ 59.21
CMF @ 0.167
Internals were :
UP volume led by 3.04 to 1 in NYSE & 3.96 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 105 in NYSE & 114 in Nasdaq
VIX Down 4.58% @ 14.79
Oil @ $102.92
Gold @ $1316.90
Stocks which were UP 1% or more included KOG SSRI
HMY EGO SLW GG AEM BBRY FB TSLA LUV
NFLX LVS WYNN TWTR SINA TSL CSIQ
SPWR FSLR GRPN ARUN RVBD CRUS
JDSU MUX AG SWIR PANW GMCR
SPLK X WUBA MS TRIP YELP....
AH ER : GRPN Down 11.76%, HPQ UP 1.56%
PCLN UP 1.56%, ARUN UP 6.02%
AH Futures UP
AH Asian Markets Mixed
Oil Down
Gold UP
About market, TAPE is reacting to news both positively & negatively, today it was on the positive side despite poor Chinese data & poor earnings from WMT. US data was well above consensus in terms of manufacturing & unemployment claims ticked down. TAPE is all set to make new all time highs & 14 year highs in Nasdaq. Being in the market has helped those with conviction but stock rotation is in play.
BLOG does NOT give buy or sell.
Saleem
SSRI reports Q4 Sales & Guidance......
SSRI reported the following :
Sales Q4 $49.026 million vs expectation of $47.92 million
EPS Q4 loss 37 cents vs expectation of loss 4 cents
Guidance for 2014 is very impressive :
Produce & Sell 8.2 to 8.6 million oz of Silver
Produce & sell 25 to 30 million pounds of Zinc
Projected cash cost of $12.50 to $13.50 per payable oz of silver sold in 2014 vs $12.87 in 2013 vs $16.88 in 2012 ....this is where analysts may be very impressed....
Bid $10.00 Ask $10.65...no trade since ER came out.....
Conference call & 11 AM on Friday...
BLOG does NOT give buy or sell.
Saleem
Sales Q4 $49.026 million vs expectation of $47.92 million
EPS Q4 loss 37 cents vs expectation of loss 4 cents
Guidance for 2014 is very impressive :
Produce & Sell 8.2 to 8.6 million oz of Silver
Produce & sell 25 to 30 million pounds of Zinc
Projected cash cost of $12.50 to $13.50 per payable oz of silver sold in 2014 vs $12.87 in 2013 vs $16.88 in 2012 ....this is where analysts may be very impressed....
Bid $10.00 Ask $10.65...no trade since ER came out.....
Conference call & 11 AM on Friday...
BLOG does NOT give buy or sell.
Saleem
Indices UP .44% to .59%....NICE !!!!
Good US economic data cut Chinese data negativity & Walmart downbeat guidance. Indices are near high of the day.
S&P 500 @ 1837.91, high 1840.19
Internals are positive by almost 2 to 1
Oil Down 54 cents
Gold Down $3.20
Canadian $ Down 32 tick @ 88.92
VIX Down 4.74% @ 14.84
Portfolio ALU KOG MU SSRI ZNGA
SSRI reports tonight expectations are Q4 Sales $47.92 million EPS loss 4 cents ,
Q1 guidance Sales $172.40 million EPS loss 17 cents...these results will be judged on metrics like all in cost & Production guidance for 2014...hard to predict but SSRI is among the strongest Silver producers...
Most stocks are UP
@ 2.05 following are red :
ALU COH LNKD MA YHOO JCP LULU
BIDU EXPE PCLN ( reports tonight+++)
KORS AAPL CMG SU V YNDX
SNDK AMCC STLD CCJ
CSOD WLT Z MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1837.91, high 1840.19
Internals are positive by almost 2 to 1
Oil Down 54 cents
Gold Down $3.20
Canadian $ Down 32 tick @ 88.92
VIX Down 4.74% @ 14.84
Portfolio ALU KOG MU SSRI ZNGA
SSRI reports tonight expectations are Q4 Sales $47.92 million EPS loss 4 cents ,
Q1 guidance Sales $172.40 million EPS loss 17 cents...these results will be judged on metrics like all in cost & Production guidance for 2014...hard to predict but SSRI is among the strongest Silver producers...
Most stocks are UP
@ 2.05 following are red :
ALU COH LNKD MA YHOO JCP LULU
BIDU EXPE PCLN ( reports tonight+++)
KORS AAPL CMG SU V YNDX
SNDK AMCC STLD CCJ
CSOD WLT Z MLNX....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 19, 2014
Indices closed down .56% to .82%......
Fed minutes revealed their focus on raising interest rates in 2015, that brought the whole market sharply lower.
S&P 500 @ 1828.75, low 1826.99
RSI @ 56.25
CMF @ 0.151
Internals were :
Down volume led by 2.36 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.81 to 1 in NYSE & 2.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 139 in NYSE & 128 in Nasdaq
VIX UP 11.75% @ 15.50
Oil @ $103.31
Gold @ $1320.40
AH News : TSLA UP 12.51%, FB Down 2.7%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed minutes was bad enough but after hour Chinese Flash PMI came in @ 48.3% in Feb vs 49.5 in January, this is 7 month low. Strength of this TAPE will be tested after open, as long as we do not close @ low this is not a bull deal breaker.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1828.75, low 1826.99
RSI @ 56.25
CMF @ 0.151
Internals were :
Down volume led by 2.36 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.81 to 1 in NYSE & 2.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 139 in NYSE & 128 in Nasdaq
VIX UP 11.75% @ 15.50
Oil @ $103.31
Gold @ $1320.40
AH News : TSLA UP 12.51%, FB Down 2.7%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed minutes was bad enough but after hour Chinese Flash PMI came in @ 48.3% in Feb vs 49.5 in January, this is 7 month low. Strength of this TAPE will be tested after open, as long as we do not close @ low this is not a bull deal breaker.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.......
Indices are mixed on economic data & comment about higher interest rates in 2015. Fed minute was split on taper.
S&P 500 @ 1840.49, high 1847.50
Internals are mixed
Oil UP 51 cents
Gold Down $8.50
Canadian $ Down 1.24 cent @ 89.31
VIX UP 5.12% @ 14.58
In my portfolio :
Added 70% ALU @ $4.27
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are down
@ 2.07 following are green :
ALU MU HMY LNKD LULU FB M BIDU
EXPE LUV LEN SINA DNKN CMG
YUM FSLR RVBD CRUS LRCX
SNDK FNSR SBUX STLD
SU WLT GS AGU
MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1840.49, high 1847.50
Internals are mixed
Oil UP 51 cents
Gold Down $8.50
Canadian $ Down 1.24 cent @ 89.31
VIX UP 5.12% @ 14.58
In my portfolio :
Added 70% ALU @ $4.27
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are down
@ 2.07 following are green :
ALU MU HMY LNKD LULU FB M BIDU
EXPE LUV LEN SINA DNKN CMG
YUM FSLR RVBD CRUS LRCX
SNDK FNSR SBUX STLD
SU WLT GS AGU
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 18, 2014
Indices closed mixed.....
Nasdaq made another 14 year high, but Dow was red @ close.
S&P 500 @ 1840.76, high 1842.87
RSI @ 60.70
CMF @ 0.206
Internals were :
UP volume led by 1.28 to 1 in NYSE & 2.83 to 1 in Nasdaq
Advancing stocks led by 2.02 to 1 in NYSE & 4.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 196 in NYSE & 169 in Nasdaq
VIX UP 2.21% @ 13.87
Oil @ $102.43
Gold @ $ 1324.40
Stocks which were UP 1% or more included KOG MU ZNGA
HMY LNKD BBRY BIDU EXPE TSLA PCLN JKS
FSLR TSL CSIQ ARUN SINA AG SWIR
PANW GMCR EGO SLW WUBA
CSOD TRLA Z TRIP YELP....
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continues its gradual move UP. Despite poor economic data S&P 500 & Nasdaq closed UP.Internals of the market was stronger than close. Many stocks keeps making new 52 wk highs. Stay diversified in many sectors with few micro-caps,They may do well in this environment.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1840.76, high 1842.87
RSI @ 60.70
CMF @ 0.206
Internals were :
UP volume led by 1.28 to 1 in NYSE & 2.83 to 1 in Nasdaq
Advancing stocks led by 2.02 to 1 in NYSE & 4.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 196 in NYSE & 169 in Nasdaq
VIX UP 2.21% @ 13.87
Oil @ $102.43
Gold @ $ 1324.40
Stocks which were UP 1% or more included KOG MU ZNGA
HMY LNKD BBRY BIDU EXPE TSLA PCLN JKS
FSLR TSL CSIQ ARUN SINA AG SWIR
PANW GMCR EGO SLW WUBA
CSOD TRLA Z TRIP YELP....
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continues its gradual move UP. Despite poor economic data S&P 500 & Nasdaq closed UP.Internals of the market was stronger than close. Many stocks keeps making new 52 wk highs. Stay diversified in many sectors with few micro-caps,They may do well in this environment.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after downbeat economic data.
S&P 500 @ 1841.30, high 1842.87
Internals are positive
Oil UP $1.50
Gold UP $5.80
Canadian $ UP 9 tick @ 90.49
VIX UP 3.24% @ 14.01
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 2.01 following are red :
AMZN OTEX JCP FB MGA M LUV KORS
LEN CMG SU GRPN LRCX BRCM X
MUX SBUX AEM MS AGU....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1841.30, high 1842.87
Internals are positive
Oil UP $1.50
Gold UP $5.80
Canadian $ UP 9 tick @ 90.49
VIX UP 3.24% @ 14.01
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 2.01 following are red :
AMZN OTEX JCP FB MGA M LUV KORS
LEN CMG SU GRPN LRCX BRCM X
MUX SBUX AEM MS AGU....
BLOG does NOT give buy or sell.
Saleem
Monday, February 17, 2014
World markets @ 3.5 week high......
Asian markets closed strong. World markets are @ 3.5 week high.
European markets were mixed
Oil UP 55 cents @ $100.85
Gold UP $10.60 @ $1329.20
Canadian $ UP 19 tick @ 90.42
Futures are UP
Here is my weighting :
MU 34.43%
KOG 26.60%
SSRI 23.63%
ZNGA 11.14%
ALU 4.20%
Exposure 138%
BLOG does NOT give buy or sell.
Saleem
European markets were mixed
Oil UP 55 cents @ $100.85
Gold UP $10.60 @ $1329.20
Canadian $ UP 19 tick @ 90.42
Futures are UP
Here is my weighting :
MU 34.43%
KOG 26.60%
SSRI 23.63%
ZNGA 11.14%
ALU 4.20%
Exposure 138%
BLOG does NOT give buy or sell.
Saleem
Sunday, February 16, 2014
We are all set for new highs........
TAPE has been impressive despite many downbeat economic news.
S&P 500 is only 12 points away from making new all time highs.
Nasdaq @ 14 year high.
This TAPE is different from 2013, many leaders are reacting to news driven negativity.
It is a stock pickers market.
New sectors like Gold, Silver are coming UP fast.
It is better to have exposure to many sectors which is showing strength.
Swing trading is better for this volatile intraday moves.
Many technicians are still looking for major correction, which may not come anytime soon.
RSI has 10 points move still left before any pullback.
In precious metals group Silver has more upside in terms of % daily movement compared to gold.
In Gold sector ABX is looking better......
In Silver SSRI & AG is among higher beta.
MUX HMY are junior Silver & Gold play....
Many small caps are poised to make major moves in Technology.
Bottom line is, small caps in all sectors are looking better than high priced stocks.
Try to do your own homework in terms of small caps which suits your portfolio.
BLOG does NOT give buy or sell.
Saleem
S&P 500 is only 12 points away from making new all time highs.
Nasdaq @ 14 year high.
This TAPE is different from 2013, many leaders are reacting to news driven negativity.
It is a stock pickers market.
New sectors like Gold, Silver are coming UP fast.
It is better to have exposure to many sectors which is showing strength.
Swing trading is better for this volatile intraday moves.
Many technicians are still looking for major correction, which may not come anytime soon.
RSI has 10 points move still left before any pullback.
In precious metals group Silver has more upside in terms of % daily movement compared to gold.
In Gold sector ABX is looking better......
In Silver SSRI & AG is among higher beta.
MUX HMY are junior Silver & Gold play....
Many small caps are poised to make major moves in Technology.
Bottom line is, small caps in all sectors are looking better than high priced stocks.
Try to do your own homework in terms of small caps which suits your portfolio.
BLOG does NOT give buy or sell.
Saleem
Friday, February 14, 2014
Indices closed UP .08% to .79%....NICE !!!!
Indices closed UP again.
S&P 500 @ 1838.63, high 1841.65
RSI @ 60.18
CMF @ 0.166
Internals were :
UP volume led by 2.01 to 1 in NYSE & 1.42 to 1 in Nasdaq
Advancing stocks led by 2.04 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & 128 in Nasdaq
VIX Down 4.03% @ 13.57
Oil @ $100.30
Gold @ $1318.60
Canadian $ @ 90.23
Stocks which were UP 1% or more included SSRI ZNGA
MA LULU AMCC JCP LVS TWTR LEN DNKN
LRCX CIEN JDSU FNSR X STLD SLW
CCJ WUBA MLNX.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1838.63, high 1841.65
RSI @ 60.18
CMF @ 0.166
Internals were :
UP volume led by 2.01 to 1 in NYSE & 1.42 to 1 in Nasdaq
Advancing stocks led by 2.04 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & 128 in Nasdaq
VIX Down 4.03% @ 13.57
Oil @ $100.30
Gold @ $1318.60
Canadian $ @ 90.23
Stocks which were UP 1% or more included SSRI ZNGA
MA LULU AMCC JCP LVS TWTR LEN DNKN
LRCX CIEN JDSU FNSR X STLD SLW
CCJ WUBA MLNX.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 13, 2014
Indices closed UP .40% to .94%.....NICE !!!!!
Indices closed near high of the day.
S&P 500 @ 1829.83, high 1830.25
RSI @ 58.06
CMF @ 0.160
Internals were :
UP volume led by 3.17 to 1 in NYSE & 2.00 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.66 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 111 in Nasdaq
VIX Down 1.12% @ 14.14
Oil @ $100.35
Gold @ $1300.10
Stocks which were UP 1% or more included ALU KOG SSRI
COH KORS LULU AMZN FB GOOG YHOO AAPL
BIDU TSLA NFLX PCLN TRIP EXPE JKS TSL
SPWR CSIQ FSLR LEN SINA CMG SU
CIEN FNSR SWIR PANW SNDK
GRPN SPLK SBUX X STLD
EGO SLW GG AEM
CSOD TRLA
MLNX
YELP....
AH ER : CRAY UP 9.71%, TRLA Down 15.04%
WTW Down 20.06%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was impressive with a quick turn UP from losses. As we closed near high of the day , i expect indices to get close to 2014 highs. Chinese CPI was hotter @ 2.5% vs 2.3% expectation. PPI was negative 1.6% vs expectation of negative 1.7%. Friday should be a good day which heads into long weekend as US & Canadian Markets are closed on Monday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1829.83, high 1830.25
RSI @ 58.06
CMF @ 0.160
Internals were :
UP volume led by 3.17 to 1 in NYSE & 2.00 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.66 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 111 in Nasdaq
VIX Down 1.12% @ 14.14
Oil @ $100.35
Gold @ $1300.10
Stocks which were UP 1% or more included ALU KOG SSRI
COH KORS LULU AMZN FB GOOG YHOO AAPL
BIDU TSLA NFLX PCLN TRIP EXPE JKS TSL
SPWR CSIQ FSLR LEN SINA CMG SU
CIEN FNSR SWIR PANW SNDK
GRPN SPLK SBUX X STLD
EGO SLW GG AEM
CSOD TRLA
MLNX
YELP....
AH ER : CRAY UP 9.71%, TRLA Down 15.04%
WTW Down 20.06%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was impressive with a quick turn UP from losses. As we closed near high of the day , i expect indices to get close to 2014 highs. Chinese CPI was hotter @ 2.5% vs 2.3% expectation. PPI was negative 1.6% vs expectation of negative 1.7%. Friday should be a good day which heads into long weekend as US & Canadian Markets are closed on Monday.
BLOG does NOT give buy or sell.
Saleem
Indices UP .36% to .77%....NICE !!!!
TAPE fought back negativity @ open & is firmly in positive ground.
S&P 500 @ 1828.35, high 1828.73, low 1809.22
Internals are positive by 2 to 1
Oil UP 18 cents
Gold UP $5.00
Canadian $ UP 45 tick @ 90.46
VIX Down 1.61% @ 14.07
In my portfolio :
Bought MU @ $24.73
Bought ALU @ $4.27
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 1.55 following are red :
ZNGA JCP BBRY AMCC CAMT EBAY FFIV V
INVN RVBD LRCX C WUBA MS WYNN
GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1828.35, high 1828.73, low 1809.22
Internals are positive by 2 to 1
Oil UP 18 cents
Gold UP $5.00
Canadian $ UP 45 tick @ 90.46
VIX Down 1.61% @ 14.07
In my portfolio :
Bought MU @ $24.73
Bought ALU @ $4.27
Portfolio ALU KOG MU SSRI ZNGA
Most stocks are UP
@ 1.55 following are red :
ZNGA JCP BBRY AMCC CAMT EBAY FFIV V
INVN RVBD LRCX C WUBA MS WYNN
GS.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 12, 2014
Indices closed mixed....
Indices closed mixed after 4 days of UP move.
S&P 500 @ 1819.26, low 1815.97, high 1826.55
RSI @ 55.40
CMF @ 0.143
Internals were :
UP volume led by 1.0 to 1 in NYSE & 1.69 to 1 in Nasdaq
Advancing stocks led by 1.34 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 100 in Nasdaq
VIX Down 1.45% @ 14.30
Oil @ $100.37
Gold @ $1295.00
Stocks which were UP 1% or more included KOG ZNGA
LULU AMCC EXPE PCLN JKS TWTR KORS V
RVBD STLD CCJ WUBA SPWR WLT Z
TRLA TRIP.....
AH ER : Z Down 1.61%, NTAP Down 3.22%,
CSCO Down 4.16%
SPWR Down 4.74%, WFM Down 7.50%,
ANGI Down 15.79%
NVDA UP 3.92%....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was neutral after a huge run, any weakness is a a good trading opportunity. TAPE has changed from buy & hold to a "swing trading format"...which is not a bad thing. Former leaders like Airlines & Solar stocks are stalling. We may have entered a dull period in market where movement may be limited on both UP & DOWN days.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1819.26, low 1815.97, high 1826.55
RSI @ 55.40
CMF @ 0.143
Internals were :
UP volume led by 1.0 to 1 in NYSE & 1.69 to 1 in Nasdaq
Advancing stocks led by 1.34 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 100 in Nasdaq
VIX Down 1.45% @ 14.30
Oil @ $100.37
Gold @ $1295.00
Stocks which were UP 1% or more included KOG ZNGA
LULU AMCC EXPE PCLN JKS TWTR KORS V
RVBD STLD CCJ WUBA SPWR WLT Z
TRLA TRIP.....
AH ER : Z Down 1.61%, NTAP Down 3.22%,
CSCO Down 4.16%
SPWR Down 4.74%, WFM Down 7.50%,
ANGI Down 15.79%
NVDA UP 3.92%....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was neutral after a huge run, any weakness is a a good trading opportunity. TAPE has changed from buy & hold to a "swing trading format"...which is not a bad thing. Former leaders like Airlines & Solar stocks are stalling. We may have entered a dull period in market where movement may be limited on both UP & DOWN days.......
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
TAPE is digesting huge gains in last 4 days.
S&P 500 @ 1821.16, high 1826.55
Internals are positive.
Oil UP 31 cents
Gold UP $4.50
Canadian $ UP 14 tick @ 90.10
VIX Down 1.10% @ 14.35
In my portfolio :
SOLD MU @ $25.07
SOLD JKS @ $30.30
Bought SSRI @ $9.68
Portfolio KOG SSRI ZNGA
Most stocks are UP
@ 2.04 following are red :
SSRI COH LNKD YHOO AMZN M TSLA NFLX
KORS GOOG TSL FFIV FSLR GRPN ARUN
RVBD JCP FB GMCR SPLK SBUX MCD
EGO SLW GG AEM MA CSOD GS
WYNN YELP....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1821.16, high 1826.55
Internals are positive.
Oil UP 31 cents
Gold UP $4.50
Canadian $ UP 14 tick @ 90.10
VIX Down 1.10% @ 14.35
In my portfolio :
SOLD MU @ $25.07
SOLD JKS @ $30.30
Bought SSRI @ $9.68
Portfolio KOG SSRI ZNGA
Most stocks are UP
@ 2.04 following are red :
SSRI COH LNKD YHOO AMZN M TSLA NFLX
KORS GOOG TSL FFIV FSLR GRPN ARUN
RVBD JCP FB GMCR SPLK SBUX MCD
EGO SLW GG AEM MA CSOD GS
WYNN YELP....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 11, 2014
Indices closed UP 1.03% to 1.22%.....NICE !!!!
Janet Yellen's testimony & Q&A went well, market liked her answers.
S&P 500 @ 1819.75, high 1823.54
RSI @ 55.55
CMF @ 0.200
Internals were :
UP volume led by 5.55 to 1 in NYSE & 2.81 to 1 in Nasdaq
Advancing stocks led by 3.55 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 84 in Nasdaq
VIX Down 4.91% @ 14.51
Oil @ $99.94
Gold @ $1289.80
Stocks which were UP 2% or more included KOG
SSRI JCP INVN CRUS FB LRCX FNSR
LVS FFIV GMCR SPLK X STLD
GG EGO SLW WLT GS.....
AH ER : TRIP Down 1.72%, CSOD Down 2.24%,
FEYE Down 6.87%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong & closed near high of the day, IBD tonight has changed its market outlook to "market in confirmed uptrend". Chinese Trade data was mixed Export for January UP 10.6% vs 2% forecast but imports were UP 10% vs forecast of 3%. I believe that we need to digest gains of 85.62 points or a gain of 7.38% in last 4 trading days.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1819.75, high 1823.54
RSI @ 55.55
CMF @ 0.200
Internals were :
UP volume led by 5.55 to 1 in NYSE & 2.81 to 1 in Nasdaq
Advancing stocks led by 3.55 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 84 in Nasdaq
VIX Down 4.91% @ 14.51
Oil @ $99.94
Gold @ $1289.80
Stocks which were UP 2% or more included KOG
SSRI JCP INVN CRUS FB LRCX FNSR
LVS FFIV GMCR SPLK X STLD
GG EGO SLW WLT GS.....
AH ER : TRIP Down 1.72%, CSOD Down 2.24%,
FEYE Down 6.87%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong & closed near high of the day, IBD tonight has changed its market outlook to "market in confirmed uptrend". Chinese Trade data was mixed Export for January UP 10.6% vs 2% forecast but imports were UP 10% vs forecast of 3%. I believe that we need to digest gains of 85.62 points or a gain of 7.38% in last 4 trading days.
BLOG does NOT give buy or sell.
Saleem
Indices UP .38% to .60%.....NICE !!!!
Indices are all UP on Fed Chief remarks released before testimony.
S&P 500 @ 1807.65, high 1808.96
Internals are positive by 2 to 1
Oil UP 3 cents
Gold UP $14.50
Canadian $ UP 22 tick @ 89.62
VIX Down 4.06% @ 14.64
In my portfolio :
Bought ZNGA @ $4.50
Portfolio JKS KOG MU ZNGA
Most stocks are UP
@ 11.05 following are red :
MU MA AMZN AMCC BBRY FB LNKD
BIDU NFLX KORS COH TSL CSIQ
LEN SINA DNKN CMG EBAY
GRPN ARUN RVBD BRCM
C SBUX WUBA SPWR
CSOD MS Z TRIP
YELP.....
BLOG does NOT give buy or sell.
PS...I have to attend a funeral thus an early BLOG.
Saleem
S&P 500 @ 1807.65, high 1808.96
Internals are positive by 2 to 1
Oil UP 3 cents
Gold UP $14.50
Canadian $ UP 22 tick @ 89.62
VIX Down 4.06% @ 14.64
In my portfolio :
Bought ZNGA @ $4.50
Portfolio JKS KOG MU ZNGA
Most stocks are UP
@ 11.05 following are red :
MU MA AMZN AMCC BBRY FB LNKD
BIDU NFLX KORS COH TSL CSIQ
LEN SINA DNKN CMG EBAY
GRPN ARUN RVBD BRCM
C SBUX WUBA SPWR
CSOD MS Z TRIP
YELP.....
BLOG does NOT give buy or sell.
PS...I have to attend a funeral thus an early BLOG.
Saleem
Monday, February 10, 2014
Indices closed UP .05% to .54%......NICE !!!!
Indices closed UP after fighting selling pressure in the morning.
S&P 500 @ 1799.84, high 1799.94, low 1791.83
RSI @ 50.46
CMF @ 0.136
Internals were :
Down volume led by 1.09 to 1 in NYSE & UP volume led by
2.10 to 1 in Nasdaq
Advancing stocks led by 1.46 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 59 in Nasdaq
VIX Down .20% @ 15.26
Oil @ $100.06
Gold @ $1274.70
AH ER : NUAN Down 2.86%, RAX Down 11.65%,
BLOX Down 31.02%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE tested support in 1790 area this morning then went UP to close @ high of the day. Janet Yellen testimony will be watched closely for any clue of change in their taper due to weak jobs report. IF we get any hint of change in taper then we are looking @ triple digit gain. I have a feeling that Fed chief will hint @ "near term softening in their taper"......IF that happens then this bull has another UP leg in this rally.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1799.84, high 1799.94, low 1791.83
RSI @ 50.46
CMF @ 0.136
Internals were :
Down volume led by 1.09 to 1 in NYSE & UP volume led by
2.10 to 1 in Nasdaq
Advancing stocks led by 1.46 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 59 in Nasdaq
VIX Down .20% @ 15.26
Oil @ $100.06
Gold @ $1274.70
AH ER : NUAN Down 2.86%, RAX Down 11.65%,
BLOX Down 31.02%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE tested support in 1790 area this morning then went UP to close @ high of the day. Janet Yellen testimony will be watched closely for any clue of change in their taper due to weak jobs report. IF we get any hint of change in taper then we are looking @ triple digit gain. I have a feeling that Fed chief will hint @ "near term softening in their taper"......IF that happens then this bull has another UP leg in this rally.
BLOG does NOT give buy or sell.
Saleem
Indices are mixed.....
Indices are coming back after being down.
S&P 500 @ 1796.46, low 1791.83, high 1797.82
Internals are mixed
Oil UP 24 cents
Gold UP $11.90
Canadian $ Down 1 tick @ 89.59
VIX UP .33% @ 15.34
Portfolio JKS KOG MU
Most stocks are down
@ 1.33 following are green :
JKS MU CAMT SSRI YHOO JCP BIDU TSLA
KORS AAPL TSL CSIQ SINA DNKN
FFIV FSLR CIEN FNSR GRPN
PANW GMCR SBUX EGO
GG SLW AEM WUBA
CSOD YELP....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1796.46, low 1791.83, high 1797.82
Internals are mixed
Oil UP 24 cents
Gold UP $11.90
Canadian $ Down 1 tick @ 89.59
VIX UP .33% @ 15.34
Portfolio JKS KOG MU
Most stocks are down
@ 1.33 following are green :
JKS MU CAMT SSRI YHOO JCP BIDU TSLA
KORS AAPL TSL CSIQ SINA DNKN
FFIV FSLR CIEN FNSR GRPN
PANW GMCR SBUX EGO
GG SLW AEM WUBA
CSOD YELP....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 9, 2014
Where is markets going now.......?
It was an interesting week when TAPE was deeply oversold & staged an impressive snapback.
We are sitting @ 1797.22, high was 1798.02. This was a rally of 60.11 points or 3.46% from the bottom.
The question IS.....where do we go from here?
Based on the momentum @ hand we may go towards 1815 area & then mark time & build another base.
SO...ahead we see resistance around 1815......we may come back a little to test 1790 area......
This TAPE is extremely volatile & runs on news UP or DOWN......
This TAPE is a "swing traders dream"
Buy & Hold may take a back seat in 2014.
As far as Carter Worth is concerned his "crystal ball " is saying that "bounce is over" & take your money & run.......
Bulls are 45.9% & bears are 17.4%.......
Money Managers are extremely bearish & not buying this dip. They are expecting further downward move towards 10% correction......
Based on where we are, it is wise to have reduced exposure & trade opportunistically.
Booking profit when you have is a good mantra.
Once earnings are out of the way, market may need another catalyst which is not on the horizon.
Chinese slowdown & Emerging market troubles will plague this TAPE.
A conservative approach is the name of the game.
2014 is not like 2011 or 2012 or 2013...it remains highly volatile.
BLOG does NOT give buy or sell.
Saleem
We are sitting @ 1797.22, high was 1798.02. This was a rally of 60.11 points or 3.46% from the bottom.
The question IS.....where do we go from here?
Based on the momentum @ hand we may go towards 1815 area & then mark time & build another base.
SO...ahead we see resistance around 1815......we may come back a little to test 1790 area......
This TAPE is extremely volatile & runs on news UP or DOWN......
This TAPE is a "swing traders dream"
Buy & Hold may take a back seat in 2014.
As far as Carter Worth is concerned his "crystal ball " is saying that "bounce is over" & take your money & run.......
Bulls are 45.9% & bears are 17.4%.......
Money Managers are extremely bearish & not buying this dip. They are expecting further downward move towards 10% correction......
Based on where we are, it is wise to have reduced exposure & trade opportunistically.
Booking profit when you have is a good mantra.
Once earnings are out of the way, market may need another catalyst which is not on the horizon.
Chinese slowdown & Emerging market troubles will plague this TAPE.
A conservative approach is the name of the game.
2014 is not like 2011 or 2012 or 2013...it remains highly volatile.
BLOG does NOT give buy or sell.
Saleem
Friday, February 7, 2014
Indices closed UP 1.06% to 1.69%....NICE !!!!
Jobs report came well below expectations, economist need to watch weather channel more than their out dated consensus forming habits. Economist will learn more IF they just stepped out of their offices into real world instead of being in their comfort zone of powerful servers.
S&P 500 @1797.02, high 1798.03
RSI @ 49.69
CMF @ 0.130
Internals were :
UP volume led by 4.80 to 1 in NYSE & 5.48 to 1 in Nasdaq
Advancing stocks led by 3.50 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 18 in Nasdaq
VIX Down 11.26% @ 15.29
Oil @ $99.88
Gold @ $1262.90
Canadian $ @ 89.82, Job growth in Canada was well above consensus, everybody glued to weather channel here.
Stocks which were UP 2% or more included JKS
YHOO LULU FB BIDU EXPE TSLA NFLX
LUVPCLN KORS TSL SINA CSIQ COH
FSLR GRPN ARUN GMCR BRCM C
SPLK SBUX EGO SLW GG AEM
CCJ SPWR CSOD TRLA
WYNN TRIP.....
Here is my weighting :
JKS 40.77%
MU 33.52%
KOG 25.71%
Exposure 138%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @1797.02, high 1798.03
RSI @ 49.69
CMF @ 0.130
Internals were :
UP volume led by 4.80 to 1 in NYSE & 5.48 to 1 in Nasdaq
Advancing stocks led by 3.50 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 18 in Nasdaq
VIX Down 11.26% @ 15.29
Oil @ $99.88
Gold @ $1262.90
Canadian $ @ 89.82, Job growth in Canada was well above consensus, everybody glued to weather channel here.
Stocks which were UP 2% or more included JKS
YHOO LULU FB BIDU EXPE TSLA NFLX
LUVPCLN KORS TSL SINA CSIQ COH
FSLR GRPN ARUN GMCR BRCM C
SPLK SBUX EGO SLW GG AEM
CCJ SPWR CSOD TRLA
WYNN TRIP.....
Here is my weighting :
JKS 40.77%
MU 33.52%
KOG 25.71%
Exposure 138%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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