Monday, June 30, 2014

Indices closed mixed....

Indices closed mixed but Nasdaq showed its strength until close.

S&P 500 @ 1960.23, low 1958.22, high 1964.24

RSI @ 64.37

CMF @ 0.475

Internals were :

UP volume led by 1.12 to 1 in NYSE & 1.59 to 1 in Nasdaq

Advancing stocks led by 1.52 to 1 in NYSE & 1.25 to 1 in Nasdaq

Net new 52 wk highs were leading by 247 in NYSE & 75 in Nasdaq

VIX UP 2.75% @ 11.57

Oil @ $105.37

Gold @ $1322.00

Stocks which were UP 1% or more included MU
GG YY YHOO LNKD BIDU AAPL AG
MRVL TSL JKS CSIQ SINA INVN
GTAT YNDX BSFT SNDK JCP
AMCC PANW SPLK STLD
ABX SLW AEM DATA 
MS Z....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was stronger than headline numbers based on internals. Nasdaq made new high again since 2000. TAPE wants to go higher & in process of making series of new all time highs. It is important to show conviction & stay with your own theme, any hasty move generally backfires in a strong TAPE, I have learned this over & over, again & again.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.....

Indices are mixed so far. Nasdaq is @ the highest point since 2000.

S&P 500 @ 1963.11, high 1964.24, low 1958.41

Internals are positive

Oil Down 44 cents

Gold UP $7.80

Canadian $ UP 2 tick @ 93.37

VIX UP 1.51% @ 11.43

Portfolio FB LULU MU RAD SWIR

Most stocks are UP

@ 2.13 following are red :

M YELP COH AMZN KORS GRPN DNKN CMG
YUM SU EBAY GOOG SPWR ONVO ARUN
CRUS NFLX GMCR SBUX MCD MGA
WLT AGU TRIP......

BLOG does NOT give buy or sell.

Saleem

Sunday, June 29, 2014

What to expect when Q2 ends & Q3 begins ?

Monday is the last day of Q2......

Tuesday starts Q3.....

We have 3.5 days of trading this week....

Thursday we close @ 1PM in US trading & Friday is closed.

Tuesday is Canada's independence day & Toronto market is closed.

Canada is open full day on Thursday & Friday.

We may celebrate independence day on both side of the border by making fresh new highs.

There is going to be renewed allocation to equities in Q3 as hedge funds are loaded with cash.

We are entering & creating somewhat overbought condition as RSI is @ 71.14 already.....near 75 it may see a temporary peak & has to digest gains....

Rotation is a reality where sectors take turns, if you are diversified in many sectors then any pullbacks or digestive phase may not matter too much.....

Nasdaq is looking very strong & closed on Friday @ its highest level since 2000.

S&P 500 @ 1960.96, 4 days ago it was @ 1968.17......a visit to 2000 is @ hand......

Normally market support is found either by end of September or early October......but we are not in normal times & TAPE is accelerating to the upside, but it is important to know the history & keep an eye on it.

Stocks are the place to be & many are discovering this by default & are not fully involved in this market.

We may see funds coming into equities @ the start of Q3, which may propel this market into series of new highs.

SO...stay involved with this TAPE as we are looking higher in short term.

BLOG does NOT give buy or sell.

Saleem


Friday, June 27, 2014

Indices closed UP .03% to .43%.....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 1960.96, high 1961.47,low 1952.18

RSI @ 64.94

CMF @ 0.529

Internals were :

UP volume led by 1.32 to 1 in NYSE & 1.55 to 1 in Nasdaq

Advancing stocks led by 2.02 to 1 in NYSE & 1.74 to 1 in Nasdaq

Net new 52 wk highs were leading by 196 in NYSE & 45 in Nasdaq

VIX Down 3.18% @ 11.26

Oil @ $105.74

Gold @ $1320.00

Canadian $ @ 93.24 @ five month high

Stocks which were UP 1% or more included SWIR
WUBA RVBD KOG YHOO TSLA EXPE
EBAY FFIV AAPL SPWR ONVO
BSFT LSCC JCP M GMCR
SPLK CCJ TRLA 
TRIP.....

Here is my weighting @ close :

LULU 27.30%

FB   22.83%

MU 19.76%

SWIR 17.64%

RAD  12.47%

Exposure 183%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, June 26, 2014

Indices closed down .02% to .13%.....

Indices fought negativity to erase majority of losses.

S&P 500 @ 1957.22, 1944.69, high 1959.89

RSI @ 63.40

CMF @ 0.524

Internals were :

Down volume led by 1.02 to 1 in NYSE & .99 to 1 in Nasdaq

Declining stocks led by .89 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 124 in NYSE & 14 in Nasdaq

VIX UP .35% @ 11.63

Oil @ $105.84

Gold @ $1317.00

AH news ....DD Down 2.07%, NKE UP 3.03%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE gave its own verdict on Mr Bullards comment by closing almost unchanged, TAPE also ignored weak consumer spending as it could be one off number. TAPE is giving clear signal that it sees economic progress which can handle some challenges. Stay with your better ideas & this TAPE can take you farther than what you think.

BLOG does NOT give buy or sell.

Saleem

Indices down .19% to .24%....

Indices are down on fear of interest rate rising in Q1 of 2015.

S&P 500 @ 1954.83, low 1944.69, high 1959.89

Internals are negative.

Oil Down 72 cents

Gold Down $6.10

Canadian $ UP 30 tick @ 93.15...highest level in almost 3 months.

VIX UP .35% @ 11.63...high today 12.51

Portfolio FB LULU MU RAD SWIR 

Most stocks are down

@ 2.10 following are green :

RAD SWIR WUBA TWTR YY YHOO COH LVS
JKS CSIQ SU FSLR ONVO GTAT BSFT 
YNDX ARUN JDSU FNSR PANW
SPLK SLW DATA WLT AGU
WYNN...

BLOG does NOT give buy or sell.

Saleem


Wednesday, June 25, 2014

Indices closed UP .29% to .68%....NICE !!!!

TAPE was strong & closed near high of the day despite poor GDP data.

S&P 500 @ 1959.53, high 1960.83, low 1947.49

RSI @ 65.04

CMF @ 0.539

Internals were :

UP volume led by 2.15 to 1 in NYSE & 2.37 to 1 in Nasdaq

Advancing stocks led by 2.27 to 1 in NYSE & 1.71 to 1 in Nasdaq

Net new 52 wk highs were leading by 118 in NYSE & 18 in Nasdaq

VIX Down 4.45% @ 11.59

Oil @ $106.50

Gold @ $1322.60

Stocks which were UP 2% or more included FB RAD
WUBA KORS LNKD KOG TSL JKS CSIQ
FSLR SPWR GOOG TWTR HIMX YY
YELP TRLA Z TRIP MLNX......

AH ER BBBY Down 7.05%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was back on its track & ignored poor GDP number. Nasdaq closed @ its highest level since 2000. This TAPE has lot of momentum & will continue to prove sideliners wrong & will force them to join this rally. There is lot of inflow from money market funds into equities & may go into overdrive on the fear of missing the biggest bull run. July 4th celebration is looking pretty good !

BLOG does NOT give buy or sell.

Saleem

Indices UP .26% to .60%....NICE !!!!

Indices are near high of the day.

S&P 500 @ 1958.33, high 1958.77, low 1947.49

Internals are positive

Oil UP 42 cents

Gold Down 10 cents

Canadian $ UP 21 tick @ 92.78

VIX Down 4.86% @ 11.54

Portfolio FB LULU MU RAD SWIR

Most stocks are UP

@ 2.34 following are red :

SWIR M OTEX YHOO AAPL GRPN FFIV
CRUS LRCX AMCC CIEN FNSR
GMCR CCJ DATA AGU....

BLOG does NOT give buy or sell.

Saleem

Tuesday, June 24, 2014

Indices closed down .42% to .70%.....

Indices closed near low of the day after making highs in Nasdaq & S&P 500, Down missed it by 8 points.

S&P 500 @ 1949.98, low 1948.34, 1968.17

RSI @ 61.18

CMF @ 0.484

Internals were :

Down volume led by 3.66 to 1 in NYSE & 2.49 to 1 in Nasdaq

Declining stocks led by 1.69 to 1 in NYSE & 2.32 to 1 in Nasdaq

Net new 52 wk highs were leading by 155 in NYSE & 45 in Nasdaq

VIX UP 10.47% @12.13, high today 12.27

Oil @ $106.03

Gold @ $1321.30

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under pressure from Israeli intervention in Iraq by launching Air attack & collapse of Dubai market. Dubai has crashed 25% from this May peak, it was down 6.7% today on property stocks collapse. Nasdaq was @ its highest point today since 2000. S&P 500 made a fresh all time high. Considering the two serious news out of middle east, reaction was quite muted & buyers took advantage of selling in quality stocks. I expect TAPE to resume its upward move on Wednesday.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.....

TAPE is showing a reversal pattern after making new all time high & ignoring good economic data.

S&P 500 @ 1957.50, low 1957.35, high 1968.17

Internals are negative

Oil Down 33 cents

Gold UP $2.00

Canadian $ Down 7 tick @ 92.66

VIX UP 2.73% @ 11.28

In my portfolio :

Sold WUBA @ $45.77

Portfolio LULU MU RAD SWIR

Most stocks are down

@ 2.33 following are green :

MU WUBA FB LEN YY BIDU PCLN GOOGL GRPN
JKS SINA DNKN FFIV SNDK AMCC NFLX
GMCR SPLK SBUX X DATA Z WYNN
LVS TRIP....

BLOG does NOT give buy or sell.

Saleem

Monday, June 23, 2014

Indices closed mixed....

Indices closed mixed with indices closing near high of the day.

S&P 500 @ 1962.61, low 1958.89, high 1963.74

RSI @ 70.78

CMF @ 0.579

Internals were :

Down volume led by .98 to 1 in NYSE & 1.06 to 1 in Nasdaq

Declining stocks led by 1.02 to 1 in NYSE & 1.33 to 1 in Nasdaq

Net new 52 wk highs were leading by 219 in NYSE & 77 in Nasdaq

VIX UP 1.20% @ 10.98

Oil @ $106.17

Gold @ $1318.40

AH ER ....MU Down .7%, SONC UP 1.99%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under mild selling pressure due to European data. China PMI was ignored & resale housing data in US was a non news. Even today TAPE came close to erasing all the losses which is a tell tale of the strength of this rally. How we close is what matters. TAPE is all set for higher highs & it may show that by close on Tuesday.

BLOG does NOT give buy or sell.

Saleem

MU beats on Sales, EPS & guiding higher than consensus....

Micron reports the following :

Sales Q3 actual $3.98 Billion vs expectations of $3.89 Billion

EPS actual 79 cents vs expectations of 70 cents

Guiding Sales for Q4 between $4.00 Billion to $4.2 Billion vs expectations of $4.06 Billion

AH MU Bid $30.96 Ask $31.00..closed @ $31.26

BLOG does NOT give buy or sell.

Saleem

Indices down .05% to .15%....

Indices are lower but very close to all time high.

S&P 500 @ 1960.49, low 1958.59, high 1963.74

Internals are slightly negative

Oil Down 66 cents

Gold UP $1.50

Canadian $ UP 37 tick @ 92.80

VIX UP 2.76% @ 11.15

In my portfolio :

Sold GRPN @ $ 6.37

Sold OWW @ $8.65

Bought MU @ $31.92

Portfolio weighting @ 2.33 PM LULU 27.64%, WUBA 23.12%,
MU 19.61%, SWIR 17.50%, RAD 12.13%

Exposure 183%

MU reports AH.....expectations are :

Sales Q3 $3.89 Billion EPS 70 cents

Guidance Q4 Sales $4.06 Billion EPS 77 cents

Expecting a beat in Q3.....

Most stocks are down

@ 2.44 following are green :

WUBA LULU M FB GG OTEX YY YELP LNKD
AMZN BIDU TSLA PCLN GOOGL GRPN
AG SINA CMG FSLR INVN GTAT 
BSFT ARUN CRUS LRCX C
SPLK ABX SLW AEM
DATA CSOD 
YELP....

BLOG does NOT give buy or sell.

Saleem

Sunday, June 22, 2014

S&P 500 heading above 2000......

S&P 500 is all set to take out 2000.....which will be another milestone.

Iraq & Ukraine cannot stop S&P from doing what it wants to do.....

There is tremendous inflow of money into equities as per CMF which is @ multi year high of 0.590..

SOX is sitting @ multi year high, RSI @ 78.08 which is after a mini pullback....

RSI in S&P 500 @71.09 which can easily go to 80.....so no need for panic selling ....

VIX @ 10.85 after hitting 7 year low of 10.34 also telling us that equities are the place to be.....

This is one of the strongest bull market which i have seen & i see no reason that it is ready to change direction......

YES.. those 1 to 2 day pullback may occur but it will be bought by traders & fund managers who have missed this incredible run......

There is rotation going on .....benefit from it......

Do not overthink this TAPE, this is the most uptrending market with gradual moves......any TAPE which moves up gradually is a safe bet......

BUT many traders pay attention to noise on CNBC & are talked out of their position with "old rules".....

This market is teaching all of us to sit tight & go with the flow & not worry too much about RSI as rotation takes care of those things......

IF you are diversified in many sectors, it is time to enjoy this TAPE.

Good luck with your "conviction & long term approach"

Time is on your side......give it time & trade will work out, give it time & your investment will give you great return.

BLOG does NOT give buy or sell.

Saleem

Friday, June 20, 2014

Indices closed UP .15% to .20%.....NICE !!!!

Dow & S&P 500 closed @ all time high again. Nasdaq closed @ high of the day only 4 points from making new high since 2000.

S&P 500 @ 1962.87, high 1963.91, low 1959.17

RSI @ 71.00

CMF @ 0.590

Internals were :

UP volume led by 1.23 to 1 in NYSE & 1.35 to 1 in Nasdaq

Advancing stocks led by 1.33 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new 52 wk highs were leading by 298 in NYSE & 81 in Nasdaq

VIX UP 2.17% @ 10.85

Oil @ $107.30

Gold @ $1316.60

Canadian $ @ 92.34..Canadian Inflation came in higher than Central Bank target...thus pressure on Bank to hike rate.....

Stocks which closed green included OWW
MU M FB YY TWTR EXPE BIDU TSLA GOOGL
LVS KOG TSL JKS CSIQ FSLR SPWR SU YUM ONVO
INVN YNDX HIMX LRCX AMCC LSCC CIEN JDSU FNSR
RVBD MRVL PANW GMCR AEM CCJ CSOD TRLA Z GS AGU
TRIP MLNX.......

Here is my weighting @ close :

LULU 28.27%

WUBA 24.26%

SWIR 18.45%

RAD  12.90%

GRPN 8.68%

OWW  7.44%

Exposure 183%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, June 19, 2014

Indices closed mixed......

Indices were under mild selling pressure but managed to close near high of the day.

S&P 500 @ 1959.48, high 1959.87, low 1952.26

RSI @ 69.90

CMF @ 0.579

Internals were :

UP volume led by 1.34 to 1 in NYSE & .95 to 1 in Nasdaq

Advancing stocks led by 1.32 to 1 in NYSE & .83 to 1 in Nasdaq

Net new 52 wk highs were leading by 246 in NYSE & 92 in Nasdaq

VIX UP .09% @ 10.62, low today 10.42 a new 52 wk low

Oil @ $106.43

Gold @ $1314.10.....AH high $1322.50

AH ER....TIBX Down 1.54%, ORCL Down 5.08%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down @ $1312.80 low so far .....

About market, TAPE showed its strength today by closing near high of the day. Gold was the superstar today by moving $40++ in a day, seasonal strength for gold does not start until 3rd week of July? Any pullback here will be mild to digest its gains, even today S&P 500 made a new all time closing high. It is important to stay the course in a diversified manner.

BLOG does NOT give buy or sell.

Saleem


Indices down .06% to .33%....

Indices are down after new intraday all time high in S&P 500.

S&P 500 @ 1955.78, low 1952.26, high 1959.87 ( new all time high)

Internals are mostly negative

Oil UP 36 cents

Gold UP $41.70

Canadian $ UP 16 tick @ 91.80

VIX unchanged @ 10.61

Portfolio WUBA GRPN LULU OWW RAD SWIR

Most stocks are down

@ 2.24 following are green :

LULU M GG OTEX TWTR TSLA GOOGL
AG LVS KOG YUM BSFT HIMX 
JDSU SPLK SBUX MCD 
ABX SLW AEM CSOD
WLT Z WYNN...

BLOG does NOT give buy or sell.

Saleem

Wednesday, June 18, 2014

Indices closed UP .58% to .77%.....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 1953.72, high 1953.93, low 1939.29

RSI @ 69.10

CMF @ 0.578

Internals were :

UP volume led by 4.16 to 1 in NYSE & 1.95 to 1 in Nasdaq

Advancing stocks led by 2.78 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new 52 wk highs were leading by 180 in NYSE & 73 in Nasdaq

VIX Down 12.02% @ 10.61, low today 10.57 new 52 wk low..all time low 9 .36

Oil @ $105.97

Gold @ $1272.70

Stocks which were UP 2% or more included 
WUBA LULU OWW RAD
GG YELP EXPE LNKD AMZN 
KOG LVLT SPLK X SLW AEM DATA
CSOD WLT MLNX....

AH ER , JBL UP 1.74%, RHT UP 5.1%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, Fed statement & conference call gave lot of confidence to bulls that interest rates will remain low for many years going into 2016. S&P 500 @ all time high @ close, while Dow & Nasdaq are all set to make record highs on Thursday. Conviction & patience is the key to get maximum return in this bull TAPE.

BLOG does NOT give buy or sell.

Saleem

Indices UP .11% to .28%......NICE !!!!

Indices are firmly UP after Fed policy statement reduced growth rate for 2014 & gave long term interest rate trend which is quite low.

S&P 500 @ 1947.77, high 1950.55, low 1939.29

Internals are positive

Oil Down 41 cents

Gold UP $1.60

Canadian $ UP 4 tick @ 91.46

VIX Down 7.21% @ 11.19

Portfolio WUBA GRPN LULU OWW RAD SWIR

Most stocks are UP

@ 2.40 following are red :

GRPN SWIR MU M LEN OTEX YY COH MA
BIDU TSLA KORS AAPL JKS CSIQ CMG
FFIV V FSLR SPWR INVN GTAT 
YNDX HIMX LRCX SNDK
BRCM CIEN C PANW
MGA TRLA Z TRIP

BLOG does NOT give buy or sell.

Saleem

Tuesday, June 17, 2014

Indices closed UP .16% to .37%.....NICE !!!!

Indices closed UP despite hotter inflation & weaker housing data.

S&P 500 @ 1941.99, high 1943.69, low 1933.55

RSI @ 63.74

CMF @ 0.503

Internals were :

UP volume led by 2.02 to 1 in NYSE & 2.65 to 1 in Nasdaq

Advancing stocks led by 1.68 to 1 in NYSE & 2.17 to 1 in Nasdaq

Net new 52 wk highs were leading by 121 in NYSE & 75 in Nasdaq

VIX Down 4.66% @ 12.06

Oil @ $106.36

Gold @ $1272.00

Stocks which were UP 1% or more included 
GRPN LULU OWW RAD SWIR
MU COH LEN TSL JKS CSIQ FSLR
SPWR TSLA SINA EXPE ONVO INVN
SNDK LSCC JDSU M YY YELP JCP NFLX
GMCR X STLD AEM MS GS WLT TRLA MLNX......

AH ER ADBE UP 9.42%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, It is all about Fed policy announcement, there is always a possibility that HFT may not like wording or two & may trip this rally for the day. Market has too much momentum & buying power on the sideline for any selling to last more than half a day. It is Q& A which will be used to get an answer that may not be bull friendly. Let us see how we close as this TAPE has surprised many bears.

BLOG does NOT give buy or sell.

Saleem

Indices UP .24% to .55%..... NICE !!!!!

TAPE is in bull mode again, all indices in green near high of the day & small cap running away.

S&P 500 @ 1943.48, high 1943.69, low 1933.55

Internals are positive....

Oil Down 59 cents

Gold Down $4.80

Canadian $ Down 21 tick @ 91.37

VIX Down 3.48% @ 12.21

Portfolio WUBA GRPN LULU OWW RAD SWIR

Most stocks are UP

@ 2.30 following are red :

OTEX YHOO LNKD AMZN PCLN GOOGL
KOG SU ARUN BRCM SPLK DATA
CSOD WYNN....

BLOG does NOT give buy or sell.

Saleem

Monday, June 16, 2014

Indices closed UP .03% to .24%....NICE !!!!

Indices ignored Iraq & went on to close green.

S&P 500 @ 1937.78, high 1941.15, low 1930.91

RSI @ 62.02

CMF @ 0.513

Internals were :

UP volume led by .95 to 1 in NYSE & 1.48 to 1 in Nasdaq

Advancing stocks led by 1.04 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 141 in NYSE & 54 in Nasdaq

VIX UP 3.86% @ 12.65, high 12.87

Oil @ $106.90

Gold @ $1275.30

Stocks which were UP 1% or more included LULU SWIR
MU TWTR LEN TSL JKS CSIQ SPWR FSLR SU
TSLA PCLN AAPL INVN GTAT BSFT HIMX
CRUS LRCX SNDK PANW SPLK SLW
DATA CSOD....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE acted in a predictable manner, when there is too much fear & pessimism market turns UP. TAPE should build from here with anticipation of positive effect from Fed meeting & Q & A on Wednesday. Conviction is paying off & staying the course is working. Russell is marching ahead with major moves.

BLOG does NOT give buy or sell.

Saleem

Indices UP .05% to .18%.....NICE !!!!

Indices are trying to focus away from Iraq & is showing green.

S&P 500 @ 1937.92, high 1941.15, low 1930.91

Internals are positive

Oil Down 15 cents

Gold UP 30 cents

Canadian $ UP 5 tick @ 91.51

VIX UP 3.45% @ 12.60, high 12.87

Portfolio WUBA GRPN LULU OWW RAD SWIR

Most stocks are UP

@ 2.18 following are red :

WUBA RAD M FB GG YELP EXPE YHOO
LNKD MA BIDU KORS GOOGL AG
LVS KOG SINA V FNSR WLT
WYNN .....

BLOG does NOT give buy or sell.

Saleem

Sunday, June 15, 2014

What to expect next week......

SO......Iraq in turmoil...

Oil @ new 52 wk high @ $106.91 ( $107.68)

Gold @ $1274.10 (high $1278.00)

S&P 500 corrected 1.5% ?

Something is not adding up.......?

Because...there is "no disruption in oil production in Iraq" they are producing as much as before......thanks to futures manipulation we have panic in oil prices.....i bet it falls "dramatically" when everyone realizes the truth...

There is "no militant attack on Baghdad"......that takes out the "fear mongering by media"

Entire 48 hr trade should reverse in a hurry......

It is important to know the facts before believing "rating based biased media"

Iraq conflict is a local battle which erupted based on "representation issues"......that is why US is reluctant to deal with their self created mess.....ignore "significant minority & you will pay sooner or later"....

Back to market......

Next week it should be a very good week.....new all time highs all over......

SOX @ highs

Russell 2000 is in very good shape..

CMF @ yearly high @ 0.548

All of the above is telling us that TAPE did not believe the Iraq situation as grave.....thus a minor give back of 1.5%.......this after making series of new all time high......

It is important to understand that, we are in one of the-most powerful bull market ever & it is not easy to manipulate with make believe issues...even high powered computer with their pre programmed approach could not do any real damage.....high frequency trading is taking a back seat these days....it is a slow but steady bull market.

Fed will be supportive of this market as they clearly see weakness in housing.

It is also important to believe in your stocks & positioning as market forces can pummel them @ will, but they all come back with time & conviction.

SO ...sit back & enjoy this bull market & ignore noise all around us be it Ukraine or Iraq.

BLOG does NOT give buy or sell.

Saleem

Friday, June 13, 2014

Indices closed UP .25% to .31%....Nice !!!!

Indices closed UP after two down days, indices closed near high of the day, an oversold bounce.

S&P 500 @ 1936.16, high 1937.30, low 1927.69

RSI @ 61.36

CMF @ 0.548

Internals were :

UP volume led by 2.36 to 1 in NYSE & by 1.91 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & by 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 78 in NYSE & 38 in Nasdaq

VIX Down 3.03% @ 12.18

Oil @ $106.91

Gold @ $1274.10

Canadian $ @ 91.32

Stocks which were UP 1% or more included WUBA GRPN
MU YELP COH LNKD BIDU TSLA AG LVS KOG TSL JKS
CSIQ CMG SU SPWR ONVO INVN GTAT AMCC JCP NFLX
SPLK X STLD ABX SLW DATA CSOD WLT TRLA Z WYNN MLNX...

Here is my weighting @ close :

LULU 26.69%

WUBA 26.02%

SWIR 18.30%

RAD  13.16%

GRPN 8.86%

OWW  6.97%

Exposure 183%

Next post by 2 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, June 12, 2014

Indices closed down .65% to .79%.....

Indices closed lower but above lows of the day.

S&P 500 @ 1930.11, low 1925.78, high 1943.35

RSI @ 58.90

CMF @ 0.479

Internals were :

Down volume led by 2.39 to 1 in NYSE & by 2.13 to 1 in Nasdaq

Declining stocks led by 1.41 to 1 in NYSE & 1.85 to 1 in Nasdaq

Net new 52 wk highs were leading by 84 in NYSE & by 49 in Nasdaq

VIX UP 8.28% @ 12.56

Oil @ $106.53

Gold @ $1274.00

AH news : FNSR Down 22.46%, INTC UP 5.54%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE reacted to panic selling due to Iraq situation. When TAPE trades on escalation of tension then it is not about fundamental @ all. We have to wait for Oil to come down to find footing in this TAPE. Once Iraq is out of news then TAPE will be back on bull run. We have seen majority of reaction already due to hike in Oil prices. Stay with your high conviction stocks.

BLOG does NOT give buy or sell.

Saleem

Indices down .60% to .82%.....

Indices are under pressure again due to weak retail sales & Iraq turmoil.

S&P 500 @ 1930.98, low 1928.27, high 1943.35

Internals are negative by about 2 to 1.

Oil UP $1.75

Gold UP $11.60

Canadian $ UP 12 tick @ 91.47

VIX UP 7.93% @ 12.52, high 12.72

Portfolio WUBA GRPN LULU OWW RAD SWIR

Most stocks are down

@ 2.17 following are green :

OWW GG YY YELP TWTR YHOO BIDU TSLA
AG KOG TSL JKA CSIQ CMG SU SPWR
GTAT BSFT BRCM PANW GMCR
SPLK ABX SLW AEM TRLA
GS YELP....

BLOG does NOT give buy or sell.

Saleem

LULU beats by 2 cent in Q1, reduces guidance for year by 11 cents.....

LULU is down to $38 after lowering guidance by 11 cents....for fiscal year

LULU announcing $450 million buyback of its shares in open market.

Conference call @ 9 AM.

BLOG does NOT give buy or sell.

Saleem

Wednesday, June 11, 2014

Indices closed down .14% to .60%......

Indices were under selling pressure from open till close, but we closed slightly above low of the day.

S&P 500 @ 1943.89. low 1940.08, high 1949.37

RSI @ 68.06

CMF 0.485

Internals were :

Down volume led by 1.79 to 1 in NYSE & even in Nasdaq

Declining stocks led by 1.65 to 1 in NYSE & 1.56 to 1 in Nasdaq

Net new 52 wk highs were leading by 86 in NYSE & by 55 in Nasdaq

VIX UP 5.55% @ 11.60, high 11.87

Oil @ $104.40

Gold @ $1261.20

AH Futures UP

AH Asian markets Mixed

AH Oil UP

AH Gold Down

About market, today was a reaction to overbought condition. We should be back on track again for bulls. Stay in the market as rotation into small cap is accelerating. TAPE should be green by close. New 52 wk highs help UP pretty good despite selling pressure.

BLOG does NOT give buy or sell.

Saleem

Indices down .37% to .69%......

Indices are down & near low of the day due to World Bank announcement of slower economic activity worldwide. Overbought is the real reason.

S&P 500 @ 1941.56, low 1940.08, high 1949.37

Internals are negative by 2 to 1

Oil Down 1 cent

Gold UP 80 cents

Canadian $ UP 39 cents @ 91.40

VIX UP 7.55% @ 11.82

Portfolio WUBA GRPN LULU OWW RAD SWIR

LULU reports before open Thursday, expectations are :

Q1 Sales $381.24 million EPS 32 cents
Guidance Q2 Sales $387.19 million EPS 36 cents

Almost 25% short interest, expected move 12% +-

Most stocks are down

@ 2.36 following are green :

WUBA RAD SWIR MU GG OTEX YY YELP EXPE
YHOO AMZN BIDU TSLA PCLN KORS AG
LVS KOG SINA CMG SU EBAY FSLR
SPWR INVN GTAT SNDK FNSR
SPLK X STLD SLW AEM 
CCJ DATA MGA
CSOD.....

BLOG does NOT give buy or sell.


Saleem

Tuesday, June 10, 2014

Indices closed mixed.....

Indices closed mixed but fought back to closed @ high of the day.

S&P 500 @ 1950.79, low 1944.64, high 1950.86

RSI @ 73.36

CMF @ 0.439

Internals were :

Down volume led by 1.07 to 1 in NYSE & .78 to 1 in Nasdaq

Declining stocks led by 1.37 to 1 in NYSE & 1.22 to 1 in Nasdaq

Net new 52 wk highs were leading by 125 in NYSE & 68 in Nasdaq

VIX Down 1.43% @ 10.99

Oil @ $104.35

Gold @ $1260.10

AH ER : ULTA UP 10.17%, SYNA UP 18.04%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE remained resilient & closing @ high of the day is extremely impressive. Internals did weaken substantially. It is all set to make another all time high in S&P 500 while Dow made it today already.This TAPE is very impressive to deserve long term conviction.

BLOG does NOT give buy or sell.

Saleem

Indices are down .08% to .13%.......

Indices are in a mini digestive mood, not far from their highs.

S&P 500 @ 1948.63

Internals are negative by almost 2 to 1

Oil Down 36 cents

Gold UP $6.00

Canadian $ Down 15 tick @ 90.83

VIX Down .54% @ 11.09

Portfolio WUBA GRPN LULU OWW RAD SWIR

Most stocks are down

@ 2.07 following are green :

WUBA LULU OWW FB MU GG TWTR EXPE YHOO
LNKD AMZN BIDU KORS AG FFIV V SPWR
MA CRUS ZNGA AMCC CIEN JDSU 
FNSR JCP NFLX PANW GMCR
ABX SLW AEM MS WLT
TRLA Z GS AGU
MLNX.....

BLOG does NOT give buy or sell.

Saleem

Monday, June 9, 2014

Indices closed UP .09% to .34%....NICE !!!!

Indices closed UP & made new all time closing highs in Dow & S&P 500.

S&P 500 @ 1951.27, high 1955.55, low 1947.16

RSI @ 73.73

CMF @ 0.465

Internals were :

UP volume led by 1.48 to 1 in NYSE & 1.88 to 1 in Nasdaq

Advancing stocks led by 1.59 to 1 in NYSE & 2.25 to 1 in Nasdaq

Net new 52 wk highs were leading by 288 in NYSE & 158 in Nasdaq

VIX UP 3.91% @ 11.15

Oil @ $104.41

Gold @ $1253.90

Stocks which were UP 1% or more included
WUBA FRPN LULU OWW SWIR
YY TWTR COH AAPL JKS GTAT HIMX
AMCC CIEN JDSU C SINA SU SPLK CCJ CSOD MLNX

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE continued its new all time high run in DOW & S&P 500. Internals remained strong. It is important to look @ RSI of your portfolio, anything near 70 is extremely vulnerable to sharp pullbacks. Try to rotate from high RSI to low RSI stocks @ this stage of market, rotation will reward low RSI.

BLOG does NOT give buy or sell.

Saleem