We are looking @ 4 day trading week & extremely low volume again.
Many trading desk continues its holiday this week.
I am not expecting too much movement from where we are.
S&P 500 sitting @ 2003.37
RSI sitting @ 66.34 which is highest level since first week of July.
Money has been flowing into equities as per CMF reading of 0.286, which is highest level in 4 weeks.
It is wise to look @ your portfolio and see IF there is a need to make changes.
Booking profit is a good idea, as September has a reputation of a choppy month & support is sometimes found @ the end of wk 1 of October.
SO..you can sit back and go through another slow volume week or reposition for a better buying opportunity sometimes near end of September.
This TAPE has shown tremendous strength who were patient & stayed the course.
BUT...the problem with Wall Street is, that TAPE keeps changing & defy historical norms.
As Marty Zweig use to say "i am very nervous" about this market....can be applicable here.....
It is NEVER this smooth for such a long time........
Look @ RSI of your portfolio, and see IF you can switch to lower RSI to deal with any uncertainties.
I am staying put and may not make any changes in my portfolio as they are all below 60 RSI.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
Sunday, August 31, 2014
Friday, August 29, 2014
Indices closed UP .11% to .50%....NICE !!!!
Indices closed UP @ high of the day in new record high mode again. Enjoy this long weekend as market is closed in Canada & US, rest of the world is open including Asia & Europe.
S&P 500 @ 2003.37, high 2003.38, low 1994.65
RSI @ 66.34
CMF @ 0.286.....another 4 wk high..money pouring in equities.
Internals were :
UP volume led by 2.68 to 1 in NYSE & 3.60 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 167 in NYSE & 52 in Nasdaq
VIX Down .58% @ 11.98
Oil @ $95.96
Gold @ $1287.40
Canadian $ @ 91.42
Stocks which were UP 1% or more included EGO FB
SWIR GG LNKD TSLA GRPN OWW KOG
SINA ONVO INVN HIMX CRUS AMCC
LSCC CIEN FNSR PANW SPLK X
AEM CCJ DATA CSOD.....
Here is my weighting :
LULU 21.32%
MITL 19.11%
MU 18.66%
EGO 15.48%
FB 14.27%
RAD 11.16%
Exposure 200%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Please support BLOG advertisers by clicking & checking them out.
Saleem
S&P 500 @ 2003.37, high 2003.38, low 1994.65
RSI @ 66.34
CMF @ 0.286.....another 4 wk high..money pouring in equities.
Internals were :
UP volume led by 2.68 to 1 in NYSE & 3.60 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 167 in NYSE & 52 in Nasdaq
VIX Down .58% @ 11.98
Oil @ $95.96
Gold @ $1287.40
Canadian $ @ 91.42
Stocks which were UP 1% or more included EGO FB
SWIR GG LNKD TSLA GRPN OWW KOG
SINA ONVO INVN HIMX CRUS AMCC
LSCC CIEN FNSR PANW SPLK X
AEM CCJ DATA CSOD.....
Here is my weighting :
LULU 21.32%
MITL 19.11%
MU 18.66%
EGO 15.48%
FB 14.27%
RAD 11.16%
Exposure 200%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Please support BLOG advertisers by clicking & checking them out.
Saleem
Thursday, August 28, 2014
Indices closed down .17% to .26%.....
Indices closed near best level of the day.
S&P 500 @ 1996.74, low 1990.52, high 1998.55
RSI @ 64.00
CMF @ 0.227...best level in 4 weeks
Internals were :
Down volume led by 1.72 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.38 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & 12 in Nasdaq
VIX UP 2.29% @ 12.05
Oil @ $94.55
Gold @ $1288.70
AH ER...OVTI UP 2.24%, SPLK UP 8.94%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE showed its resiliency by almost erasing all the down moves. Whenever there is selling for any reason, there are buyers waiting to jump in & locking bargains. It is important to know your stocks well & its relative position in their industry. Evaluate your risk level all the time, some high beta stocks are extremely volatile & may not go far in real terms. Buy what you know is always a good idea. Keep in mind, we are still in slow volume environment, price movement may be subdued.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1996.74, low 1990.52, high 1998.55
RSI @ 64.00
CMF @ 0.227...best level in 4 weeks
Internals were :
Down volume led by 1.72 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.38 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & 12 in Nasdaq
VIX UP 2.29% @ 12.05
Oil @ $94.55
Gold @ $1288.70
AH ER...OVTI UP 2.24%, SPLK UP 8.94%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE showed its resiliency by almost erasing all the down moves. Whenever there is selling for any reason, there are buyers waiting to jump in & locking bargains. It is important to know your stocks well & its relative position in their industry. Evaluate your risk level all the time, some high beta stocks are extremely volatile & may not go far in real terms. Buy what you know is always a good idea. Keep in mind, we are still in slow volume environment, price movement may be subdued.
BLOG does NOT give buy or sell.
Saleem
Indices down .11% to .20%.....
Indices are fighting back towards unchanged level, currently near highs of the day, after news of escalation in Ukraine conflict. US economic reports continues its strong performance.
S&P 500 @ 1997.94, low 1990.52, high 1998.55
Internals are negative
Oil UP 53 cents
Gold UP $7.20
Canadian $ UP 19 tick @ 91.56
VIX UP 2.97% @ 12.13
In my portfolio :
Bought MITL @ $10.20
Portfolio EGO FB LULU MU MITL RAD
Most stocks are down
@ 2.29 following are green :
EGO TSL GG TWTR EXPE YHOO TSLA AAPL GRPN
LVS LEN CSIQ DNKN CMG YUM FFIV SPWR
INVN HIMX CRUS LRCX BRCM AMCC
NFLX PANW MCD ABX SLW AEM
WYNN AGU TRLA.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1997.94, low 1990.52, high 1998.55
Internals are negative
Oil UP 53 cents
Gold UP $7.20
Canadian $ UP 19 tick @ 91.56
VIX UP 2.97% @ 12.13
In my portfolio :
Bought MITL @ $10.20
Portfolio EGO FB LULU MU MITL RAD
Most stocks are down
@ 2.29 following are green :
EGO TSL GG TWTR EXPE YHOO TSLA AAPL GRPN
LVS LEN CSIQ DNKN CMG YUM FFIV SPWR
INVN HIMX CRUS LRCX BRCM AMCC
NFLX PANW MCD ABX SLW AEM
WYNN AGU TRLA.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 27, 2014
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2000.12, high 2002.14, low 1996.20
RSI 66.18
CMF @ 0.125
Internals were :
UP volume led by 1.24 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 62 in Nasdaq
VIX UP 1.29% @ 11.78
Oil @ $93.88
Gold @ $1283.40
AH ER WDAY UP .78%, WSM Down 11.5%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is taking a rest after a huge run, ironically there is overconfidence & euphoria about stock market in US, which normally results in downward move. We have 1.5 wk of vacation left which may reduce buying activity. Volume is tapering due to vacation. Market may return to normalcy after in week of September 8th, but IF we are in downward move then it may accelerate in that week, so be careful in your expectation in near term.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2000.12, high 2002.14, low 1996.20
RSI 66.18
CMF @ 0.125
Internals were :
UP volume led by 1.24 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 62 in Nasdaq
VIX UP 1.29% @ 11.78
Oil @ $93.88
Gold @ $1283.40
AH ER WDAY UP .78%, WSM Down 11.5%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is taking a rest after a huge run, ironically there is overconfidence & euphoria about stock market in US, which normally results in downward move. We have 1.5 wk of vacation left which may reduce buying activity. Volume is tapering due to vacation. Market may return to normalcy after in week of September 8th, but IF we are in downward move then it may accelerate in that week, so be careful in your expectation in near term.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
TAPE is trying to digest gains from recent sessions.
S&P 500 @ 1998.63, low 1997.60, high 2002.14
Internals are mostly positive
Oil UP 3 cents
Gold Down $1.30
Canadian $ UP 1.11 cent @ 91.62...strong demand due to Burger King buyout of Tim Horton's....
VIX UP 1.12% @ 11.76
Portfolio EGO FB LULU MU RAD
Most stocks are Down
@ 2.37 following are green :
MU SWIR TSL GTAT MITL OTEX YELP YHOO
AAPL LEN AMZN JKS TSLA SU V SPWR
ONVO GRPN ARUN CRUS LRCX
SNDK JCP TSLA MCD DATA
MGA GS MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1998.63, low 1997.60, high 2002.14
Internals are mostly positive
Oil UP 3 cents
Gold Down $1.30
Canadian $ UP 1.11 cent @ 91.62...strong demand due to Burger King buyout of Tim Horton's....
VIX UP 1.12% @ 11.76
Portfolio EGO FB LULU MU RAD
Most stocks are Down
@ 2.37 following are green :
MU SWIR TSL GTAT MITL OTEX YELP YHOO
AAPL LEN AMZN JKS TSLA SU V SPWR
ONVO GRPN ARUN CRUS LRCX
SNDK JCP TSLA MCD DATA
MGA GS MLNX......
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 26, 2014
Indices closed UP .11% to .29%.....NICE !!!!
Indices closed in record territory again after US economic data was strong.
S&P 500 @ 2000.02, high 2005.04, low 1998.59
RSI @ 66.15
CMF @ 0.106
Internals were :
UP volume led by 2.00 to 1 in NYSE & 1.89 to 1 in Nasdaq
Advancing stocks led by 1.96 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 171 in NYSE & 67 in Nasdaq
VIX @ 11.63
Oil @ $93.86
Gold @ $1285.20
Stocks which were UP 1% or more included ECO FB LULU
SWIR GTAT GG YY TWTR LNKD KORS GRPN
WUBA AMZN CMG EBAY FFIV BSFT AMCC
LSCC CIEN JDSU FNSR JCP PANW GMCR
SPLK X STLD ABX SLW AEM DATA
CSOD WLT TRLA Z AGU MLNX....
AH ER ARUN UP 4.2%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, Dow, S&P 500 & Nasdaq all are into record territory. Smart thing to do @ this stage is to book profit & wait for better entry in your favorite stocks. We may be hitting 70 RSI in a hurry, which could be an overbought situation. Tone of the market is pretty good which entails more gains as we go along. Rotation is a good approach in this ongoing bull TAPE, as some stocks are not overbought.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2000.02, high 2005.04, low 1998.59
RSI @ 66.15
CMF @ 0.106
Internals were :
UP volume led by 2.00 to 1 in NYSE & 1.89 to 1 in Nasdaq
Advancing stocks led by 1.96 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 171 in NYSE & 67 in Nasdaq
VIX @ 11.63
Oil @ $93.86
Gold @ $1285.20
Stocks which were UP 1% or more included ECO FB LULU
SWIR GTAT GG YY TWTR LNKD KORS GRPN
WUBA AMZN CMG EBAY FFIV BSFT AMCC
LSCC CIEN JDSU FNSR JCP PANW GMCR
SPLK X STLD ABX SLW AEM DATA
CSOD WLT TRLA Z AGU MLNX....
AH ER ARUN UP 4.2%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, Dow, S&P 500 & Nasdaq all are into record territory. Smart thing to do @ this stage is to book profit & wait for better entry in your favorite stocks. We may be hitting 70 RSI in a hurry, which could be an overbought situation. Tone of the market is pretty good which entails more gains as we go along. Rotation is a good approach in this ongoing bull TAPE, as some stocks are not overbought.
BLOG does NOT give buy or sell.
Saleem
Indices UP .22% to .35%......NICE !!!!
Dow is in new all time high territory along with new highs in S&P 500 & Nasdaq. These new highs are the result of major improvement in US economic picture.
S&P 500 @ 2002.25, high 2005.04, low 1998.59
Internals are positive by almost 2 to 1
Oil UP 54 cents
Gold UP $5.50
Canadian $ UP 34 tick @ 90.52
VIX Down .94% @ 11.59, low today 11.33
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.25 following are red :
MU RAD TSL QIHU EXPE AAPL GOOGL OWW
LVS SINA DNKN YNDX CRUS ZNGA LRCX
SNDK BRCM NFLX SBUX MCD CCJ MGA
WYNN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2002.25, high 2005.04, low 1998.59
Internals are positive by almost 2 to 1
Oil UP 54 cents
Gold UP $5.50
Canadian $ UP 34 tick @ 90.52
VIX Down .94% @ 11.59, low today 11.33
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.25 following are red :
MU RAD TSL QIHU EXPE AAPL GOOGL OWW
LVS SINA DNKN YNDX CRUS ZNGA LRCX
SNDK BRCM NFLX SBUX MCD CCJ MGA
WYNN.....
BLOG does NOT give buy or sell.
Saleem
Monday, August 25, 2014
Indices closed UP .41% to .48%.....NICE !!!!
Indices closed in record territory on Mario Draghi comments.
S&P 500 @ 1997.92, high 2001.95, low 1991.74
RSI @ 65.52
CMF @ 0.061
Internals were :
UP volume led by 2.31 to 1 in NYSE & 1.89 to 1 in Nasdaq
Advancing stocks led by 1.59 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 143 in NYSE & by 77 in Nasdaq
VIX UP 2.01% @ 11.70
Oil @ $93.35
Gold @ $1278.90
Stocks which were UP 1% or more included RAD
YY YELP BIDU TSLA KOG CSIQ ONVO
YNDX SNDK C JCP X MS GS TRIP....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continued its run into new all time highs & 14 year highs, Mario Draghi is starting ECB QE shortly to counter deflation fears, which gave a further boost to strong technicals with fundamental news. Anytime we have new highs across the board, then there is series of highs to follow. Market internals remains positive. Stay the course is the mantra.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1997.92, high 2001.95, low 1991.74
RSI @ 65.52
CMF @ 0.061
Internals were :
UP volume led by 2.31 to 1 in NYSE & 1.89 to 1 in Nasdaq
Advancing stocks led by 1.59 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 143 in NYSE & by 77 in Nasdaq
VIX UP 2.01% @ 11.70
Oil @ $93.35
Gold @ $1278.90
Stocks which were UP 1% or more included RAD
YY YELP BIDU TSLA KOG CSIQ ONVO
YNDX SNDK C JCP X MS GS TRIP....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continued its run into new all time highs & 14 year highs, Mario Draghi is starting ECB QE shortly to counter deflation fears, which gave a further boost to strong technicals with fundamental news. Anytime we have new highs across the board, then there is series of highs to follow. Market internals remains positive. Stay the course is the mantra.
BLOG does NOT give buy or sell.
Saleem
Indices UP .34% to .44%....NICE !!!!
All indices are making new highs, Dow & S&P 500 @ all time highs while Nasdaq & new 14 year high.
S&P 500 @ 1997.32, high 2001.95, low 1991.74
Internals are positive with UP volume leading by 2 to 1
Oil Down 41 cents
Gold Down $1.60
Canadian $ Down 36 tick @ 90.20
VIX UP .44% @ 11.52, low today 11.24
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.25 following are red :
EGO MU SWIR QIHU GTAT OTEX GG YHOO WLT
LNKD KORS GOOGL OWW COH LVS TRLA
LEN CMG EBAY FFIV INVN HIMX WYNN
CRUS ZNGA BRCM AMCC AGU
LSCC PANW SPLK Z MLNX
ABX SLW STLD AEM
DATA CSOD.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1997.32, high 2001.95, low 1991.74
Internals are positive with UP volume leading by 2 to 1
Oil Down 41 cents
Gold Down $1.60
Canadian $ Down 36 tick @ 90.20
VIX UP .44% @ 11.52, low today 11.24
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.25 following are red :
EGO MU SWIR QIHU GTAT OTEX GG YHOO WLT
LNKD KORS GOOGL OWW COH LVS TRLA
LEN CMG EBAY FFIV INVN HIMX WYNN
CRUS ZNGA BRCM AMCC AGU
LSCC PANW SPLK Z MLNX
ABX SLW STLD AEM
DATA CSOD.....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 24, 2014
New record highs in store for indices.......
S&P 500 & Nasdaq has already made into record books last week, now it is Dow's turn to move UP by 76.98 points for a new all time highs.
This rally has caught many traders & money managers by surprise, many rely on tools which has not worked in "strong bull markets"
Every indicator was flashing warning sign but indices kept chugging along after a minor 3% rest.
International tensions have "overplayed their significance"...these are all regional conflicts which simmers every other day.
World has become complacent to many issues until it boils to the forefront.
TAPE is very strong despite conflicting economic data from China, Europe & US...
US has become the safe haven to park in equities, as Europe is struggling with low or no economic growth.
I am anticipating major inflows in US equities in coming weeks, which will propel indices into higher & higher grounds.
BUT the real problem is, that all sectors are not doing the same thing, so what to do & where to invest.
Large cap techs are the best place to be, they all have made a nice base & are ready to move significantly higher.....FB,MU,PCLN,AAPL,TWTR,NFLX,TSLA,LNKD....are few of those names
There is a "stealth bull market" in many small caps which has been largely ignored by pundits, SWIR, SWKS are the two standouts & making new 52 wk highs.
Looks like everything is looking very good for bulls but be very selective in where you invest, all stocks are not created equal.
Good luck with your portfolio.
BLOG does NOT give buy or sell.
Saleem
This rally has caught many traders & money managers by surprise, many rely on tools which has not worked in "strong bull markets"
Every indicator was flashing warning sign but indices kept chugging along after a minor 3% rest.
International tensions have "overplayed their significance"...these are all regional conflicts which simmers every other day.
World has become complacent to many issues until it boils to the forefront.
TAPE is very strong despite conflicting economic data from China, Europe & US...
US has become the safe haven to park in equities, as Europe is struggling with low or no economic growth.
I am anticipating major inflows in US equities in coming weeks, which will propel indices into higher & higher grounds.
BUT the real problem is, that all sectors are not doing the same thing, so what to do & where to invest.
Large cap techs are the best place to be, they all have made a nice base & are ready to move significantly higher.....FB,MU,PCLN,AAPL,TWTR,NFLX,TSLA,LNKD....are few of those names
There is a "stealth bull market" in many small caps which has been largely ignored by pundits, SWIR, SWKS are the two standouts & making new 52 wk highs.
Looks like everything is looking very good for bulls but be very selective in where you invest, all stocks are not created equal.
Good luck with your portfolio.
BLOG does NOT give buy or sell.
Saleem
Friday, August 22, 2014
Indices closed mixed......
Indices battled Ukraine news with Janet Yellen & Mario Draghi speech. By close only Nasdaq could muster the strength of a positive close.
S&P 500 @ 1988.40, low 1984.76, high 1993.54
RSI @ 62.59
CMF @ 0.085
Internals were :
Down volume led by 1.91 to 1 in NYSE & .78 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & .93 to 1 in Nasdaq
Net new 52 wk highs were leading by 85 in NYSE & 46 in Nasdaq
VIX Down 2.47% @ 11.47...closed @ absolute low of the day, 52 wk low 10.28
Oil @ $93.65
Gold @ $1280.20
Canadian $ @ 90.50
Stocks which were UP 1% or more included LULU SWIR
GTAT OTEX YY YELP TWTR LNKD KORS COH
CSIQ HIMX AMCC LSCC NFLX M GMCR
SPLK X DATA MS TRLA Z TRIP......
Here is my weighting :
LULU 21.56%
MU 19.01%
SWIR 18.86
EGO 14.92%
FB 14.19%
RAD 11.46%
Exposure 200%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1988.40, low 1984.76, high 1993.54
RSI @ 62.59
CMF @ 0.085
Internals were :
Down volume led by 1.91 to 1 in NYSE & .78 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & .93 to 1 in Nasdaq
Net new 52 wk highs were leading by 85 in NYSE & 46 in Nasdaq
VIX Down 2.47% @ 11.47...closed @ absolute low of the day, 52 wk low 10.28
Oil @ $93.65
Gold @ $1280.20
Canadian $ @ 90.50
Stocks which were UP 1% or more included LULU SWIR
GTAT OTEX YY YELP TWTR LNKD KORS COH
CSIQ HIMX AMCC LSCC NFLX M GMCR
SPLK X DATA MS TRLA Z TRIP......
Here is my weighting :
LULU 21.56%
MU 19.01%
SWIR 18.86
EGO 14.92%
FB 14.19%
RAD 11.46%
Exposure 200%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, August 21, 2014
Indices closed UP .12% to .36%.....NICE !!!!
Indices closed UP despite poor data abroad.
S&P 500 @ 1992.37, high 1994.76, low 1986.82
RSI @ 64.72
CMF @ 0.080
Internals were :
UP volume led by 1.53 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 157 in NYSE & 34 in Nasdaq
VIX @ 11.76
Oil @ $93.96
Gold @ $1275.40
Stocks which were UP 1% or more included JKS EBAY ONVO
INVN CIEN JDSU FNSR C M MS TRLA Z.....
AH ER...INTU Down .97%, GPS UP .81%
CRM UP 1.24%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, S&P 500 hit a new all time high on a closing basis, Dow is only 112.08 points away from hitting all time high which is only 1 good day away. TAPE is able to ignore many weak data from China & Europe, which is a sign of a very strong market. US data keeps on improving which is the tailwind for this TAPE. Fed chief keynote address is on for Friday which should give another boost to this market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1992.37, high 1994.76, low 1986.82
RSI @ 64.72
CMF @ 0.080
Internals were :
UP volume led by 1.53 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 157 in NYSE & 34 in Nasdaq
VIX @ 11.76
Oil @ $93.96
Gold @ $1275.40
Stocks which were UP 1% or more included JKS EBAY ONVO
INVN CIEN JDSU FNSR C M MS TRLA Z.....
AH ER...INTU Down .97%, GPS UP .81%
CRM UP 1.24%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, S&P 500 hit a new all time high on a closing basis, Dow is only 112.08 points away from hitting all time high which is only 1 good day away. TAPE is able to ignore many weak data from China & Europe, which is a sign of a very strong market. US data keeps on improving which is the tailwind for this TAPE. Fed chief keynote address is on for Friday which should give another boost to this market.
BLOG does NOT give buy or sell.
Saleem
Indices UP .11% to .49%....NICE !!!!
Indices are UP after facing weak economic news from China & Europe, but US data remains strong & indices are @ high of the day.
S&P 500 @ 1993.34, high 1993.53, low 1986.82.....new all time high for S&P 500 today....
Internals are positive
Oil UP 74 cents
Gold Down $18.60
Canadian $ UP 22 tick @ 90.56
VIX Down 1.36% @ 11.62
In my portfolio :
Added 25% EGO @ $7.92
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.19 following are red :
EGO FB MU SWIR QIHU GTAT WUBA GG YY AMZN
BIDU TSLA PCLN KORS GOOGL COH CSIQ SINA
DNKN YUM FFIV SPWR YNDX ZNGA SNDK
AMCC NFLX SPLK SBUX X ABX SLW
AEM CCJ V DATA MGA WYNN
WLT TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1993.34, high 1993.53, low 1986.82.....new all time high for S&P 500 today....
Internals are positive
Oil UP 74 cents
Gold Down $18.60
Canadian $ UP 22 tick @ 90.56
VIX Down 1.36% @ 11.62
In my portfolio :
Added 25% EGO @ $7.92
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.19 following are red :
EGO FB MU SWIR QIHU GTAT WUBA GG YY AMZN
BIDU TSLA PCLN KORS GOOGL COH CSIQ SINA
DNKN YUM FFIV SPWR YNDX ZNGA SNDK
AMCC NFLX SPLK SBUX X ABX SLW
AEM CCJ V DATA MGA WYNN
WLT TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 20, 2014
Indices closed mixed.....
Indices closed mixed after being down on Fed minutes.
S&P 500 @ 1986.51, high 1988.57, low 1977.68
RSI @ 62.99
CMF @ 0.050
Internals were :
UP volume led by 2.12 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.06 to 1 in NYSE & .60 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 35 in Nasdaq
VIX Down 3.52% @ 11.78
Oil @ $96.07
Gold @ $1295.20
AH ER ...WUBA UP 1.21%, HPQ Down .91%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE handled Fed hawkish comments well & closed mostly green, internals were mostly positive. HSBC Chinese Flash PMI came in @ 3 month low in August @ 50.3% vs expectations of 51.3%, this may put pressure on Stocks with Chinese market exposure, this slowdown was not expected, which is not a good thing. This may present some buying opportunities in some stocks which can be impacted in collateral damage.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1986.51, high 1988.57, low 1977.68
RSI @ 62.99
CMF @ 0.050
Internals were :
UP volume led by 2.12 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.06 to 1 in NYSE & .60 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 35 in Nasdaq
VIX Down 3.52% @ 11.78
Oil @ $96.07
Gold @ $1295.20
AH ER ...WUBA UP 1.21%, HPQ Down .91%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE handled Fed hawkish comments well & closed mostly green, internals were mostly positive. HSBC Chinese Flash PMI came in @ 3 month low in August @ 50.3% vs expectations of 51.3%, this may put pressure on Stocks with Chinese market exposure, this slowdown was not expected, which is not a good thing. This may present some buying opportunities in some stocks which can be impacted in collateral damage.
BLOG does NOT give buy or sell.
Saleem
Indices mixed on Fed minutes......
Fed minutes has noted progress in labor market more than expected, but majority wants to wait for more data.
S&P 500 @ 1982.35, high 1985.82, low 1977.68
Internals are negative
Oil UP $1.45
Gold Down $4.70
Canadian $ Down 27 tick @ 90.33
VIX Down 1.72% @ 12.00
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are down
@ 2.24 following are green :
LULU MU SWIR TSL OTEX YELP LNKD SNDK
BIDU KORS AAPL RVBD COH KOG CIEN
JKS CSIQ DNKN SU YUM FFIV CRUS
FSLR SPWR INVN ARUN JCP NFLX
LRCX M SLW CCJ V TRLA Z
TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1982.35, high 1985.82, low 1977.68
Internals are negative
Oil UP $1.45
Gold Down $4.70
Canadian $ Down 27 tick @ 90.33
VIX Down 1.72% @ 12.00
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are down
@ 2.24 following are green :
LULU MU SWIR TSL OTEX YELP LNKD SNDK
BIDU KORS AAPL RVBD COH KOG CIEN
JKS CSIQ DNKN SU YUM FFIV CRUS
FSLR SPWR INVN ARUN JCP NFLX
LRCX M SLW CCJ V TRLA Z
TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 19, 2014
Indices closed UP .43% to .50%....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 1981.60, high 1982.57, low 1972.73
RSI @ 61.53
CMF @ 0.011
Internals were :
UP volume led by 2.28 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 155 in NYSE & 64 in Nasdaq
VIX Down .89% @ 12.21, low today 11.91, 52 wk low 10.28.....
Oil @ $94.48
Gold @ $1296.70
Stocks which were UP 1% or more included LULU MU RAD SWIR TSL WUBA YELP YHOO AAPL GRPN KOG
LEN JKS SPWR EBAY FFIV YNDX CRUS SNDK
BRCM AMCC JCP M GMCR SPLK STLD
DATA MGA MLNX.....
AH ER YOKU Down 7.99%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its run towards many record close, Nasdaq @ new 14 yr high, S&P 500 only 10 points away from making a new all time high, Dow well above 50 DMA. It is important to note that we may be entering overbought territory, it is important to book profit. Fed minutes is another waiting game but the impact is generally positive. Many stocks have lagged in this run, so it is a good idea to shift into them based on FA & TA.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1981.60, high 1982.57, low 1972.73
RSI @ 61.53
CMF @ 0.011
Internals were :
UP volume led by 2.28 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 155 in NYSE & 64 in Nasdaq
VIX Down .89% @ 12.21, low today 11.91, 52 wk low 10.28.....
Oil @ $94.48
Gold @ $1296.70
Stocks which were UP 1% or more included LULU MU RAD SWIR TSL WUBA YELP YHOO AAPL GRPN KOG
LEN JKS SPWR EBAY FFIV YNDX CRUS SNDK
BRCM AMCC JCP M GMCR SPLK STLD
DATA MGA MLNX.....
AH ER YOKU Down 7.99%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its run towards many record close, Nasdaq @ new 14 yr high, S&P 500 only 10 points away from making a new all time high, Dow well above 50 DMA. It is important to note that we may be entering overbought territory, it is important to book profit. Fed minutes is another waiting game but the impact is generally positive. Many stocks have lagged in this run, so it is a good idea to shift into them based on FA & TA.
BLOG does NOT give buy or sell.
Saleem
Indices UP .43% to .53%....NICE !!!!
Indices are UP & near high of the day on good earnings report & tame inflation data.
S&P 500 @ 1982.19, high 1982.34, low 1972.73
Internals are positive.
Oil Down $1.59
Gold Down $3.20
Canadian $ Down 59 tick @ 90.59
VIX Down 1.79% @ 12.10
In my portfolio :
Added 95% EGO @ $8.13
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.56 following are red :
EGO QIHU GG YY OTEX LNKD BIDU TSLA
PCLN SINA CMG MA FNSR PANW X
ABX SLW AEM CCJ CSOD MS GS
WLT TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1982.19, high 1982.34, low 1972.73
Internals are positive.
Oil Down $1.59
Gold Down $3.20
Canadian $ Down 59 tick @ 90.59
VIX Down 1.79% @ 12.10
In my portfolio :
Added 95% EGO @ $8.13
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.56 following are red :
EGO QIHU GG YY OTEX LNKD BIDU TSLA
PCLN SINA CMG MA FNSR PANW X
ABX SLW AEM CCJ CSOD MS GS
WLT TRIP.....
BLOG does NOT give buy or sell.
Saleem
Monday, August 18, 2014
Indices closed UP .85% to 1.06%.....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 1971.74, high 1971.99, low 1958.36
RSI @ 58.47
CMF @ 0.034
Internals were :
UP volume led by 4.31 to 1 in NYSE & 5.10 to 1 in Nasdaq
Advancing stocks led by 3.75 to 1 in NYSE & 2.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 148 in NYSE & 42 in Nasdaq
Oil @ $96.41
Gold @ $1299.30
Stocks which were UP 2% or more included SWIR
TSL CSIQ SPWR QIHU GTAT WUBA YHOO
GRPN OWW FFIV MA YNDX ZNGA X
CIEN JCP STLD DATA CSOD ....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong that we made a new high in Nasdaq since 2000. Dow only 9 points away from moving above 50 DMA. Internals were strong. Many sectors are participating which is a very good sign for this renewed bull.We are on course to make new all time high in S&P 500 which is only 20 points away, that will be super bullish. Stay the course & enjoy the ride to new highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1971.74, high 1971.99, low 1958.36
RSI @ 58.47
CMF @ 0.034
Internals were :
UP volume led by 4.31 to 1 in NYSE & 5.10 to 1 in Nasdaq
Advancing stocks led by 3.75 to 1 in NYSE & 2.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 148 in NYSE & 42 in Nasdaq
Oil @ $96.41
Gold @ $1299.30
Stocks which were UP 2% or more included SWIR
TSL CSIQ SPWR QIHU GTAT WUBA YHOO
GRPN OWW FFIV MA YNDX ZNGA X
CIEN JCP STLD DATA CSOD ....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong that we made a new high in Nasdaq since 2000. Dow only 9 points away from moving above 50 DMA. Internals were strong. Many sectors are participating which is a very good sign for this renewed bull.We are on course to make new all time high in S&P 500 which is only 20 points away, that will be super bullish. Stay the course & enjoy the ride to new highs.
BLOG does NOT give buy or sell.
Saleem
Indices UP .77% to 1.01%.....NICE !!!!
TAPE is strong today & near high of the day on lessening of tensions in hot spot.
S&P 500 @ 1970.18, high 1971.99, low 1958.36
Internals are positive by minimum 2 to 1
Oil Down 87 cents
Gold Down $5.60
Canadian $ UP 1 tick @ 91.17
VIX Down 5.40% @ 12.44
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.32 following are red :
RAD GG TSLA KOG JKS SU ONVO INVN
AMCC ABX AEM LNKD WLT TRLA
Z.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1970.18, high 1971.99, low 1958.36
Internals are positive by minimum 2 to 1
Oil Down 87 cents
Gold Down $5.60
Canadian $ UP 1 tick @ 91.17
VIX Down 5.40% @ 12.44
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.32 following are red :
RAD GG TSLA KOG JKS SU ONVO INVN
AMCC ABX AEM LNKD WLT TRLA
Z.......
BLOG does NOT give buy or sell.
Saleem
Sunday, August 17, 2014
Is the rally going to continue ?
Many are wondering if the rally will run out of steam, before we deal with that question, we need to see where all the major indices are .
S&P 500 @ 1955.06, 50 DMA @ 1957.06
Dow @ 16662.91, 50 DMA @ 16848.75
Nasdaq @ 4464.93, 50 DMA @ 4396.24
Russell @ 1141.65, 50 DMA @ 1159.59
SOX @ 624.60, 50 DMA @ 628.50
As we can see that, only Dow is lagging & most indices are in the process of taking out 50 DMA, this is a very healthy picture of market internals.
Institutions have been net sellers in a big way, in previous 4 weeks 6.7 billions were taken out from equities in a straight line, only last week saw an inflow of .71 Billion.....even this 5 wk picture is showing major improvement.
Based on all of the above stat, we definitely can see that tide of negativity has turned and many things have been discounted.
International flash points are showing sign of fatigue & may find a "face saving resolutions"...this may trigger a very strong relief rally......
Based on how i am analyzing everything, it is safe to conclude that risk may be coming out of market.
I am encouraging selective buying in breakout stocks like FB, AAPL, TWTR, SWIR, MU, QIHU, TSLA, EGO to name a few.....
SO....the tide may have turned for a prosperous few months going into Q3 earnings....
Good luck with your strategy.
BLOG does NOT give buy or sell.
Follow me on twitter @saleemakhtar87
Saleem
S&P 500 @ 1955.06, 50 DMA @ 1957.06
Dow @ 16662.91, 50 DMA @ 16848.75
Nasdaq @ 4464.93, 50 DMA @ 4396.24
Russell @ 1141.65, 50 DMA @ 1159.59
SOX @ 624.60, 50 DMA @ 628.50
As we can see that, only Dow is lagging & most indices are in the process of taking out 50 DMA, this is a very healthy picture of market internals.
Institutions have been net sellers in a big way, in previous 4 weeks 6.7 billions were taken out from equities in a straight line, only last week saw an inflow of .71 Billion.....even this 5 wk picture is showing major improvement.
Based on all of the above stat, we definitely can see that tide of negativity has turned and many things have been discounted.
International flash points are showing sign of fatigue & may find a "face saving resolutions"...this may trigger a very strong relief rally......
Based on how i am analyzing everything, it is safe to conclude that risk may be coming out of market.
I am encouraging selective buying in breakout stocks like FB, AAPL, TWTR, SWIR, MU, QIHU, TSLA, EGO to name a few.....
SO....the tide may have turned for a prosperous few months going into Q3 earnings....
Good luck with your strategy.
BLOG does NOT give buy or sell.
Follow me on twitter @saleemakhtar87
Saleem
Friday, August 15, 2014
Indices closed mixed......
TAPE proved once again that it has strength no matter what is thrown @ it. A mixed close is a testimony to its strength & buy the dip mentality.
S&P 500 @ 1955.06, low 1941.50, high 1964.04
RSI @ 52.54
CMF @ 0.012
Internals were :
Down volume led by 1.34 to 1 in NYSE & .87 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 12 in Nasdaq
VIX UP 5.88% @ 13.15, high today 14.94
Oil @ $97.35
Gold @ $1306.20
Canadian $ @ 90.91
Stocks which were UP 1% or more included MU RAD SWIR
QIHU GTAT YELP GRPN KOG TSL JKS CSIQ SPWR
SINA SU ZNGA LRCX NFLX CCJ TRLA Z AGU....
PS...i had a twitter account since 2009, never used it , today discovered it was hacked so changed its password & cleaned it up & did 4 tweet. I will be setting up my twitter account details in next few days. In the meantime i will tweet in between BLOG posting for trading opportunities or comments.
So follow me @saleemakhtar87
Here is weighting :
LULU 23.73%
MU 20.87%
SWIR 18.70%
FB 16.26%
RAD 13.14%
EGO 7.30%
Exposure 187%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1955.06, low 1941.50, high 1964.04
RSI @ 52.54
CMF @ 0.012
Internals were :
Down volume led by 1.34 to 1 in NYSE & .87 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 12 in Nasdaq
VIX UP 5.88% @ 13.15, high today 14.94
Oil @ $97.35
Gold @ $1306.20
Canadian $ @ 90.91
Stocks which were UP 1% or more included MU RAD SWIR
QIHU GTAT YELP GRPN KOG TSL JKS CSIQ SPWR
SINA SU ZNGA LRCX NFLX CCJ TRLA Z AGU....
PS...i had a twitter account since 2009, never used it , today discovered it was hacked so changed its password & cleaned it up & did 4 tweet. I will be setting up my twitter account details in next few days. In the meantime i will tweet in between BLOG posting for trading opportunities or comments.
So follow me @saleemakhtar87
Here is weighting :
LULU 23.73%
MU 20.87%
SWIR 18.70%
FB 16.26%
RAD 13.14%
EGO 7.30%
Exposure 187%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, August 14, 2014
Indices closed UP .37% to .43%......NICE !!!!
Indices closed @ high of the day.
S&P 500 @ 1955.18, high 1955.23, low 1947.41...50 DMA @ 1956.77
RSI @ 52.59
CMF @ 0.044
Internals were :
UP volume led by 1.83 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 2.11 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 3 in Nasdaq
VIX Down 3.72% @ 12.42
Oil @ $95.58
Gold @ $1315.70
Stocks which were UP 1% or more included SPLK
TWTR LNKD GRPN COH CSIQ AMZN
LEN ARUN CIEN FNSR JCP M X
CCJ WLT......
AH ER...EXTR Down 1.87%, JCP UP 3.29%
SINA UP 3.91%, ADSK UP 5.75%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continues on its move UP. S&P 500 staring @ 50 DMA & likely to conquer it tomorrow. Weekly Option expiry may fuel this rally further UP as momentum is building UP. Summer low volume is no concern as it is peak holiday season until week after Labor day. Internals have perked UP, all positive including CMF. Stay the course or increase your exposure.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1955.18, high 1955.23, low 1947.41...50 DMA @ 1956.77
RSI @ 52.59
CMF @ 0.044
Internals were :
UP volume led by 1.83 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 2.11 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 3 in Nasdaq
VIX Down 3.72% @ 12.42
Oil @ $95.58
Gold @ $1315.70
Stocks which were UP 1% or more included SPLK
TWTR LNKD GRPN COH CSIQ AMZN
LEN ARUN CIEN FNSR JCP M X
CCJ WLT......
AH ER...EXTR Down 1.87%, JCP UP 3.29%
SINA UP 3.91%, ADSK UP 5.75%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continues on its move UP. S&P 500 staring @ 50 DMA & likely to conquer it tomorrow. Weekly Option expiry may fuel this rally further UP as momentum is building UP. Summer low volume is no concern as it is peak holiday season until week after Labor day. Internals have perked UP, all positive including CMF. Stay the course or increase your exposure.
BLOG does NOT give buy or sell.
Saleem
Indices UP .29% to .34%......NICE !!!!
Indices are UP as tensions in international arena is abating.
S&P 500 @ 1953.62, high 1954.81, low 1947.41
Internals are positive
Oil Down $2.01
Gold Down 30 cents
Canadian $ UP 6 tick @ 90.96
VIX Down 1.01% @ 12.77
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.41 following are red :
EGO MU SWIR QIHU GG YY YELP EXPE
PCLN KORS GOOGL AG KOG SINA
DNKN SU CMG FFIV MA FSLR
ONVO CRUS LRCX NFLX
SBUX MCD SLW AEM
DATA CSOD TRLA
Z MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1953.62, high 1954.81, low 1947.41
Internals are positive
Oil Down $2.01
Gold Down 30 cents
Canadian $ UP 6 tick @ 90.96
VIX Down 1.01% @ 12.77
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.41 following are red :
EGO MU SWIR QIHU GG YY YELP EXPE
PCLN KORS GOOGL AG KOG SINA
DNKN SU CMG FFIV MA FSLR
ONVO CRUS LRCX NFLX
SBUX MCD SLW AEM
DATA CSOD TRLA
Z MLNX......
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 13, 2014
Indices closed UP .55% to 1.02%....NICE !!!!
Indices closed UP despite poor retail sales data.
S&P 500 @ 1946.72, high 1948.41, low 1935.60
RSI @ 49.43
CMF @ -0.041
Internals were :
UP volume led by 2.24 to 1 in NYSE & 3.11 to 1 in Nasdaq
Advancing stocks led by 3.04 to 1 in NYSE & 2.00 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & by 5 in Nasdaq
VIX Down 8.70% @ 12.90
Oil @ $97.59
Gold @ $1314.50
Stocks which were UP 1% or more included FB MU SWIR
QIHU GTAT GG OTEX YELP YHOO BIDU KORS
GOOGL AAPL TSL JKS CSIQ AMZN CMG
FFIV SPWR INVN ARUN SNDK NFLX
PANW SPLK X STLD CCJ DATA
CSOD TRLA Z TRIP MLNX....
AH ER...NTAP UP 1.15%, CSCO Down 1.15%
VIPS Down 4.88%
AH futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong & closed near high of the day, internals were strong also.Nasdaq closed above 50 DMA sign of leadership & strength. Tonight IBD is changing its market outlook to "market in confirmed uptrend"... This TAPE is proving again, that one needs to form their own opinion about market & many stocks & not let media dictate your buy or sell.Staying the course has worked profitably. S&P 500 is all set to go above 50 DMA.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1946.72, high 1948.41, low 1935.60
RSI @ 49.43
CMF @ -0.041
Internals were :
UP volume led by 2.24 to 1 in NYSE & 3.11 to 1 in Nasdaq
Advancing stocks led by 3.04 to 1 in NYSE & 2.00 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & by 5 in Nasdaq
VIX Down 8.70% @ 12.90
Oil @ $97.59
Gold @ $1314.50
Stocks which were UP 1% or more included FB MU SWIR
QIHU GTAT GG OTEX YELP YHOO BIDU KORS
GOOGL AAPL TSL JKS CSIQ AMZN CMG
FFIV SPWR INVN ARUN SNDK NFLX
PANW SPLK X STLD CCJ DATA
CSOD TRLA Z TRIP MLNX....
AH ER...NTAP UP 1.15%, CSCO Down 1.15%
VIPS Down 4.88%
AH futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong & closed near high of the day, internals were strong also.Nasdaq closed above 50 DMA sign of leadership & strength. Tonight IBD is changing its market outlook to "market in confirmed uptrend"... This TAPE is proving again, that one needs to form their own opinion about market & many stocks & not let media dictate your buy or sell.Staying the course has worked profitably. S&P 500 is all set to go above 50 DMA.
BLOG does NOT give buy or sell.
Saleem
Indices UP .51% to .95%....NICE !!!!
TAPE is strong today, recovering from German weakness yesterday.
S&P 500 @ 1945.15, high 1948.41, low 1935.60
Internals are positive by almost 2 to 1.
Oil UP 26 cents
Gold UP $3.10
Canadian $ unchanged
VIX Down 6.79% @ 13.17
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.43 following are red :
LULU WUBA YY GRPN OWW AG COH LVS
KOG LEN SU EBAY HIMX ZNGA JDSU
CIEN FNSR JCP KOG AMCC SBUX
M LVS AGU .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1945.15, high 1948.41, low 1935.60
Internals are positive by almost 2 to 1.
Oil UP 26 cents
Gold UP $3.10
Canadian $ unchanged
VIX Down 6.79% @ 13.17
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.43 following are red :
LULU WUBA YY GRPN OWW AG COH LVS
KOG LEN SU EBAY HIMX ZNGA JDSU
CIEN FNSR JCP KOG AMCC SBUX
M LVS AGU .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 12, 2014
Indices closed down .06% to .27%.....
It was Germany which caused economic explosion in markets. US markets fought its way to minor negative close.
S&P 500 @ 1933.75, low 1928.29, high 1939.65
RSI @ 44.13
CMF @ -0.043
Internals were :
Down volume led by 1.77 to 1 in NYSE & 2.04 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & lows by 10
VIX Down .70% @ 14.13
Oil @ $97.37
Gold @ $1310.60
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was resilient despite going UP for two days and barely down for the day. Economic reports from Germany was extremely troubling and does not bode well for European economies in near future. US is the only safe haven these days for equities. Stay the course we are heading north in short order.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1933.75, low 1928.29, high 1939.65
RSI @ 44.13
CMF @ -0.043
Internals were :
Down volume led by 1.77 to 1 in NYSE & 2.04 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & lows by 10
VIX Down .70% @ 14.13
Oil @ $97.37
Gold @ $1310.60
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was resilient despite going UP for two days and barely down for the day. Economic reports from Germany was extremely troubling and does not bode well for European economies in near future. US is the only safe haven these days for equities. Stay the course we are heading north in short order.
BLOG does NOT give buy or sell.
Saleem
Indices down .19% to .51%.....
ZEW economic sentiment from Germany came in @ 8.6 vs expectations of 17-18, this has caused weakness in equities, US is still holding up relatively well. DAX is down 1.21%.
S&P 500 @ 1930.17, low 1929.43, high 1939.65
Internals are negative by 2 to 1
Oil Down 52 cents
Gold Unchanged
Canadian $ Down 3 tick @ 90.76
VIX UP 2.32% @ 14.56
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are down
@ 2.20 following are green :
EGO SWIR GG TWTR EXPE AG ONVO ARUN
C ABX SLW AEM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1930.17, low 1929.43, high 1939.65
Internals are negative by 2 to 1
Oil Down 52 cents
Gold Unchanged
Canadian $ Down 3 tick @ 90.76
VIX UP 2.32% @ 14.56
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are down
@ 2.20 following are green :
EGO SWIR GG TWTR EXPE AG ONVO ARUN
C ABX SLW AEM .....
BLOG does NOT give buy or sell.
Saleem
Monday, August 11, 2014
Indices closed UP .10% to .70%.....NICE !!!!
Indices closed UP but well below high of the day.
S&P 500 @ 1936.92, high 1944.90, low 1933.43
RSI @ 45.21
CMF @ -0.045
Internals were :
UP volume led by 2.65 to 1 in NYSE & 4.15 to 1 in Nasdaq
Advancing stocks led by 2.80 to 1 in NYSE & 2.65 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 23 in Nasdaq
VIX Down 9.77% @ 14.23
Oil @ $98.08
Gold @ $1310.50
Stocks which were UP 1% or more included MU RAD SWIR
QIHU GTAT WUBA OTEX YY YELP EXPE LNKD
BIDU TSLA PCLN AAPL GRPN AG TSL JKS
CSIQ FSLR SPWR SINA CMG FFIV SLW
ONVO INVN HIMX CRUS LRCX
SNDK LSCC CIEN JDSU JCP
FNSR NFLX PANW SPLK
CSOD WLT.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was much stronger than headline numbers, internals further improved today. We have a confirmation of this UP move by closing higher. Many pundits are "over thinking" this move and they will suffer with their strategy. It is a slow & steady bull which has regained its momentum again. Stay the course & you should reap benefit.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1936.92, high 1944.90, low 1933.43
RSI @ 45.21
CMF @ -0.045
Internals were :
UP volume led by 2.65 to 1 in NYSE & 4.15 to 1 in Nasdaq
Advancing stocks led by 2.80 to 1 in NYSE & 2.65 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 23 in Nasdaq
VIX Down 9.77% @ 14.23
Oil @ $98.08
Gold @ $1310.50
Stocks which were UP 1% or more included MU RAD SWIR
QIHU GTAT WUBA OTEX YY YELP EXPE LNKD
BIDU TSLA PCLN AAPL GRPN AG TSL JKS
CSIQ FSLR SPWR SINA CMG FFIV SLW
ONVO INVN HIMX CRUS LRCX
SNDK LSCC CIEN JDSU JCP
FNSR NFLX PANW SPLK
CSOD WLT.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was much stronger than headline numbers, internals further improved today. We have a confirmation of this UP move by closing higher. Many pundits are "over thinking" this move and they will suffer with their strategy. It is a slow & steady bull which has regained its momentum again. Stay the course & you should reap benefit.
BLOG does NOT give buy or sell.
Saleem
Indices UP .17% to .68%....NICE !!!!
TAPE is staging a follow thru day after being UP strongly on Friday. Reason for continued UP move is lull in fighting. Nasdaq comfortably above 50 DMA.
S&P 500 @ 1938.03, high 1944.90, low 1933.43
Internals are better than 2 to 1
Oil UP 52 cents
Gold Down 50 cents
Canadian $ UP 39 tick @ 90.68 as housing start was better than expected.
VIX Down 9.83% @ 14.22
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.20 following are red :
EGO YHOO GOOGL COH LEN EBAY YNDX
ZNGA C M STLD DATA TRLA Z WYNN
GS......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1938.03, high 1944.90, low 1933.43
Internals are better than 2 to 1
Oil UP 52 cents
Gold Down 50 cents
Canadian $ UP 39 tick @ 90.68 as housing start was better than expected.
VIX Down 9.83% @ 14.22
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.20 following are red :
EGO YHOO GOOGL COH LEN EBAY YNDX
ZNGA C M STLD DATA TRLA Z WYNN
GS......
BLOG does NOT give buy or sell.
Saleem
Sunday, August 10, 2014
Nasdaq to lead us out of this slump ?
Nasdaq is 8 points below 50 DMA, S&P 500 is 24 points below 50 DMA....DOW is 306 points away from 50 DMA.......
It is important to know where the strength was & is still showing relative strength.......
SO..it is the technology sector which showed strength in this slump...IF you had higher exposure in this sector, you have done relatively well compared to Dow based exposure which showed weak TAPE and even went below 200 DMA...
TAPE was deeply oversold by Thursday based on many international conflicts it took 11 trading day's to get to support, enthusiasm for continued fighting seems to be abating which will give breathing room for indices to find resistance, battle fatigue is good for bullish move.
There is Option Expiry on Friday which is weekly & Monthly which should add to upward pressure. Put has reached extreme bearish reading of .70 which always starts a rebound.
SO..we may be looking @ a very good opportunity to recover our losses & hopefully make some money. This requires staying with your high comfort level stocks. From deeply oversold to overbought level may be weeks away.
TAPE is giving another opportunity to make money off bottom in many stocks, stay away from "so-called experts on CNBC" as they overplay their intellect about stock movement, they are generally stuck in past TAPE action & never looking ahead for "major opportunities"
Pick your stocks based on strength not on "bargain"
PCLN reports before open & may provide the fuel for a major move UP, all travel stocks are making new 52 wk highs already like EXPE & OWW.....now it is PCLN turn......
Good luck with your pick / portfolio, we are looking @ better times ahead.
BLOG does NOT give buy or sell.
Saleem
It is important to know where the strength was & is still showing relative strength.......
SO..it is the technology sector which showed strength in this slump...IF you had higher exposure in this sector, you have done relatively well compared to Dow based exposure which showed weak TAPE and even went below 200 DMA...
TAPE was deeply oversold by Thursday based on many international conflicts it took 11 trading day's to get to support, enthusiasm for continued fighting seems to be abating which will give breathing room for indices to find resistance, battle fatigue is good for bullish move.
There is Option Expiry on Friday which is weekly & Monthly which should add to upward pressure. Put has reached extreme bearish reading of .70 which always starts a rebound.
SO..we may be looking @ a very good opportunity to recover our losses & hopefully make some money. This requires staying with your high comfort level stocks. From deeply oversold to overbought level may be weeks away.
TAPE is giving another opportunity to make money off bottom in many stocks, stay away from "so-called experts on CNBC" as they overplay their intellect about stock movement, they are generally stuck in past TAPE action & never looking ahead for "major opportunities"
Pick your stocks based on strength not on "bargain"
PCLN reports before open & may provide the fuel for a major move UP, all travel stocks are making new 52 wk highs already like EXPE & OWW.....now it is PCLN turn......
Good luck with your pick / portfolio, we are looking @ better times ahead.
BLOG does NOT give buy or sell.
Saleem
Friday, August 8, 2014
Indices closed UP .83% to 1.15%....NICE !!!!
TAPE was under short covering spell after Russia concluded its military exercise near Ukraine border. While Iraq & Gaza remained troublesome.
S&P 500 @ 1931.59, high 1932.38, low 1909.01
RSI @ 43.04
CMF @ -0.011
Internals were :
UP volume led by 4.73 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 3.14 to 1 in NYSE & 2.29 to 1 in Nasdaq
Net new 52 wk lows were leading by 10 in NYSE & 38 in Nasdaq
VIX Down 5.34% @ 15.77
Oil @ $97.65
Gold @ $1311
Stocks which were UP 1% or more included LULU MU RAD
GOOGL COH LVS WYNN KOG LEN AMZN SINA
FFIV MA SPWR INVN YNDX HIMX ARUN
BRCM AMCC JDSU JCP M SBUX X
STLD ABX CCJ MGA MS WLT
GS MLNX....
Here is my weighting :
LULU 25.29%
MU 20.29%
SWIR 17.71%
FB 16.45%
RAD 12.87%
EGO 7.39%
Exposure 187%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1931.59, high 1932.38, low 1909.01
RSI @ 43.04
CMF @ -0.011
Internals were :
UP volume led by 4.73 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 3.14 to 1 in NYSE & 2.29 to 1 in Nasdaq
Net new 52 wk lows were leading by 10 in NYSE & 38 in Nasdaq
VIX Down 5.34% @ 15.77
Oil @ $97.65
Gold @ $1311
Stocks which were UP 1% or more included LULU MU RAD
GOOGL COH LVS WYNN KOG LEN AMZN SINA
FFIV MA SPWR INVN YNDX HIMX ARUN
BRCM AMCC JDSU JCP M SBUX X
STLD ABX CCJ MGA MS WLT
GS MLNX....
Here is my weighting :
LULU 25.29%
MU 20.29%
SWIR 17.71%
FB 16.45%
RAD 12.87%
EGO 7.39%
Exposure 187%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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