TAPE has been on a tear as it celebrated collapse of Oil price.......
Oil is an important part of US economy and its collapse may not be as fruitful as it has been portrayed......short term gain can become long term pain.....artificially low low gasoline prices may encourage wasteful habits....
Dec 4th is when Draghi takes the center stage again and not much will be spelled out but same old same old rhetoric, that may result in negative action on world markets.
Jobs data in US on Friday should easily beat 228 K expectations, thus positive for market.
This may be the week when Oil stabilizes and commodities snap back.
Market internals were weak on Friday and may follow through on Monday until close, thus Monday may not be good for most equities.
Any pullback on Tuesday may trigger "turnaround Tuesday buying"
Wednesday may be flattish due to ECB decision and statement on Thursday AM before open, expect foot dragging by Draghi until next year...Thursday may be another down day in US.....
There is less than 4 weeks left in the year, 26th December is the last day of trading for us mortals, institutions can play it till the last second of 28th December.
Plan your tax strategy accordingly.
I am not expecting much from overall indices until Friday's trading, contrary trades like Oil, Gold, Commodities are ready to snapback. in coming week.
Remember nothing goes down endless and beneficiary of any collapse may reverse.
Start planning for 2015 and hopefully, we may have a normal market which means logical UP or DOWN movements.
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
Sunday, November 30, 2014
Friday, November 28, 2014
Indices closed mixed.....
Dow, S&P 500 & Nasdaq all went into their respective record either in closing or intraday. Indices closed mixed thanks to Oil, Gold, Commodities taking on the chin.
S&P 500 @ 2067.56, low 2065.06, high 2074.78
RSI @ 70.69
CMF @ 0.482
Internals were :
Down volume 2.02 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks 1.62 to 1 in NYSE & 2.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 142 in NYSE & 82 in Nasdaq
VIX UP 10.44% @ 13.33
Oil @ $65.99
Gold @ $1175.50
Canadian $ @ 85.74
Green close included MU LEN OTEX TWTR
EXPE KORS GOOGL WUBA RVBD
COH LVS AMZN DNKN CMG
EBAY YUM MA JCP MCD
M SBUX CSOD MGA
WYNN TRIP......
In my portfolio :
Sold MU @ $36.02
Bought TSL @ $10.05
Added 40% BBRY on Thursday in Toronto @ $10.47 equivalent
Here is my weighting :
LULU 29.13%
EGO 25.99%
BBRY 16.14%
NXPI 13.44%
TSL 8.65%
AKS 6.65%
Exposure 184%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2067.56, low 2065.06, high 2074.78
RSI @ 70.69
CMF @ 0.482
Internals were :
Down volume 2.02 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks 1.62 to 1 in NYSE & 2.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 142 in NYSE & 82 in Nasdaq
VIX UP 10.44% @ 13.33
Oil @ $65.99
Gold @ $1175.50
Canadian $ @ 85.74
Green close included MU LEN OTEX TWTR
EXPE KORS GOOGL WUBA RVBD
COH LVS AMZN DNKN CMG
EBAY YUM MA JCP MCD
M SBUX CSOD MGA
WYNN TRIP......
In my portfolio :
Sold MU @ $36.02
Bought TSL @ $10.05
Added 40% BBRY on Thursday in Toronto @ $10.47 equivalent
Here is my weighting :
LULU 29.13%
EGO 25.99%
BBRY 16.14%
NXPI 13.44%
TSL 8.65%
AKS 6.65%
Exposure 184%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 26, 2014
Indices closed UP .07% to .61%....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2072.83, high 2073.29, low 2066.62
RSI @ 74.45
CMF @ 0.489
Internals were :
UP volume led by 1.67 to 1 in NYSE & 2.21 to 1 in Nasdaq
Advancing stocks led by 1.64 to 1 in NYSE & 1.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 77 in Nasdaq
VIX Down 1.47% @ 12.07
Oil @ $73.69
Gold @ $1196.60
Canadian $ @ 87.58
Stocks which were UP 1% included BBRY MU NXPI
TSL OTEX YY TWTR AAPL FB WUBA SPWR
HIMX SNDK BRCM AMCC LSCC GMCR
SPLK DATA CSOD TRLA Z TRIP......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE had another strong day and many stocks came alive like FB TWTR. All indices closed @ new highs, S&P 500 & Dow @ all time high and Nasdaq @ highest close since March 2000. Market internals are looking much healthier which speaks well of future TAPE. All world markets are open on Thursday including Toronto where many stocks are traded. IF you are ticker hungry try .TO in TSX after Canadian stocks to get real time trades.
BLOG does NOT give buy or sell
Enjoy your Thanksgiving with family & friends !
Saleem
S&P 500 @ 2072.83, high 2073.29, low 2066.62
RSI @ 74.45
CMF @ 0.489
Internals were :
UP volume led by 1.67 to 1 in NYSE & 2.21 to 1 in Nasdaq
Advancing stocks led by 1.64 to 1 in NYSE & 1.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 77 in Nasdaq
VIX Down 1.47% @ 12.07
Oil @ $73.69
Gold @ $1196.60
Canadian $ @ 87.58
Stocks which were UP 1% included BBRY MU NXPI
TSL OTEX YY TWTR AAPL FB WUBA SPWR
HIMX SNDK BRCM AMCC LSCC GMCR
SPLK DATA CSOD TRLA Z TRIP......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE had another strong day and many stocks came alive like FB TWTR. All indices closed @ new highs, S&P 500 & Dow @ all time high and Nasdaq @ highest close since March 2000. Market internals are looking much healthier which speaks well of future TAPE. All world markets are open on Thursday including Toronto where many stocks are traded. IF you are ticker hungry try .TO in TSX after Canadian stocks to get real time trades.
BLOG does NOT give buy or sell
Enjoy your Thanksgiving with family & friends !
Saleem
Tuesday, November 25, 2014
Indices closed mixed.....
Indices closed mostly flat as above average GDP of 3.9% was offset by consumer confidence ticking lower.
S&P 500 @ 2067.03, low 2064.75, high 2074.21
RSI @ 72.98
CMF @ 0.457
Internals were :
Down volume led by 1.09 to 1 in NYSE & .97 to 1 in Nasdaq
Declining stocks led by .85 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 164 in NYSE & 86 in Nasdaq
VIX Down 2.93% @ 12.25
Oil @ $74.09
Gold @ $1197.10
Stocks which were UP 1% or more included AKS EGO LULU
TSL QIHU GG OTEX YY LNKD PCLN KORS OWW
FB MA V HIMX FNSR PANW GMCR X STLD
ABX SLW AEM CCJ MGA.....
AH ER...ADI UP 1.99%, HPQ Down .74%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is giving a lot to be thankful about this market, it keeps going UP & UP for years. Indices were flat for the day to digest gains for weeks, that is all it does before marching UP again. Having a diversified portfolio has been a blessing in this TAPE. Stay engaged with this TAPE as it has its own unique momentum which cannot be defined by technicals, many have tried to go against this freight train and have failed miserably for last 5 straight years.
BLOG does NOT give buy or sell.
There will be closing BLOG for Wednesday & Friday, no BLOG on Thursday.
Those on holidays, have a very enjoyable thanksgiving with family & friends.
Saleem
S&P 500 @ 2067.03, low 2064.75, high 2074.21
RSI @ 72.98
CMF @ 0.457
Internals were :
Down volume led by 1.09 to 1 in NYSE & .97 to 1 in Nasdaq
Declining stocks led by .85 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 164 in NYSE & 86 in Nasdaq
VIX Down 2.93% @ 12.25
Oil @ $74.09
Gold @ $1197.10
Stocks which were UP 1% or more included AKS EGO LULU
TSL QIHU GG OTEX YY LNKD PCLN KORS OWW
FB MA V HIMX FNSR PANW GMCR X STLD
ABX SLW AEM CCJ MGA.....
AH ER...ADI UP 1.99%, HPQ Down .74%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is giving a lot to be thankful about this market, it keeps going UP & UP for years. Indices were flat for the day to digest gains for weeks, that is all it does before marching UP again. Having a diversified portfolio has been a blessing in this TAPE. Stay engaged with this TAPE as it has its own unique momentum which cannot be defined by technicals, many have tried to go against this freight train and have failed miserably for last 5 straight years.
BLOG does NOT give buy or sell.
There will be closing BLOG for Wednesday & Friday, no BLOG on Thursday.
Those on holidays, have a very enjoyable thanksgiving with family & friends.
Saleem
Indices UP .03% to .17%...NICE !!!!
Indices are UP despite lower than expected consumer confidence data.
S&P 500 @ 2070.02, high 2074.21, low 2064.75
Internals are mixed NYSE positive & Nasdaq negative
Oil Down $1.49
Gold UP $2.20
Canadian $ UP 36 tick @ 87.59
VIX Down .95% @ 12.50
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP
@ 2.27 following are red :
LEN YELP TWTR YHOO AAPL BABA
RVBD COH LVS KOG JKS CSIQ
AMZN SINA DNKN CMG SU
WB FEYE YNDX ARUN
CRUS NFLX M SPLK
DATA CSOD MS
TRLA Z WYNN
TRIP GS AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.02, high 2074.21, low 2064.75
Internals are mixed NYSE positive & Nasdaq negative
Oil Down $1.49
Gold UP $2.20
Canadian $ UP 36 tick @ 87.59
VIX Down .95% @ 12.50
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP
@ 2.27 following are red :
LEN YELP TWTR YHOO AAPL BABA
RVBD COH LVS KOG JKS CSIQ
AMZN SINA DNKN CMG SU
WB FEYE YNDX ARUN
CRUS NFLX M SPLK
DATA CSOD MS
TRLA Z WYNN
TRIP GS AGU.....
BLOG does NOT give buy or sell.
Saleem
Monday, November 24, 2014
Indices closed UP .04% to .89%...NICE !!!!!
Indices closed higher & Dow & S&P 500 closed @ their highest point in history.
S&P 500 @ 2069.41, high 2070.17, low 2065.07
RSI @ 74.62
CMF @ 0.535
Internals were :
UP volume led by 1.15 to 1 in NYSE & 3.21 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 71 in Nasdaq
VIX Down 2.17% @ 12.62
Oil @ $75.78
Gold @ $1195.70
Stocks UP 1% + includes BBRY EGO MU NXPI
SWIR JCP YY YELP EXPE YHOO LNKD
TSLA KORS AAPL BABA COH DNKN
FFIV WB FEYE FSLR ARUN CRUS
SNDK CIEN C PANW M DATA
WLT TRLA Z ........
AH ER..WDAY Down 7.14%, PANW Down 1.32%
NUAN UP 3.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is ignoring overbought conditions and keeps making new highs, There is enthusiasm for further easing by EU & China which is forcing money managers to increase their equity allocation. Seasonality is also a huge plus for this ongoing strength. Do not forget to book gains to benefit from any weakness which may eventually happen. In the meantime, keep your exposure high in an opportunistic manner.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2069.41, high 2070.17, low 2065.07
RSI @ 74.62
CMF @ 0.535
Internals were :
UP volume led by 1.15 to 1 in NYSE & 3.21 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 71 in Nasdaq
VIX Down 2.17% @ 12.62
Oil @ $75.78
Gold @ $1195.70
Stocks UP 1% + includes BBRY EGO MU NXPI
SWIR JCP YY YELP EXPE YHOO LNKD
TSLA KORS AAPL BABA COH DNKN
FFIV WB FEYE FSLR ARUN CRUS
SNDK CIEN C PANW M DATA
WLT TRLA Z ........
AH ER..WDAY Down 7.14%, PANW Down 1.32%
NUAN UP 3.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is ignoring overbought conditions and keeps making new highs, There is enthusiasm for further easing by EU & China which is forcing money managers to increase their equity allocation. Seasonality is also a huge plus for this ongoing strength. Do not forget to book gains to benefit from any weakness which may eventually happen. In the meantime, keep your exposure high in an opportunistic manner.
BLOG does NOT give buy or sell.
Saleem
Indices UP .05% to .78%....NICE !!!!
Indices are UP on hope for more stimulus around the world.
S&P 500 @ 2068.91, high 2070.17, low 2065.07
Internals are positive
Oil Down 65 cents
Gold Down $1.20
Canadian $ Down 65 tick @ 87.04
VIX Down 3.41% @ 12.46
In my portfolio :
Added 60% BBRY @ $10.29
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP.
@ 2.36 following are red :
LULU TSL GG OTEX BIDU GRPN OWW
RVBD KOG JKS SU SPWR YNDX
HIMX AMCC FNSR NFLX
GMCR ABX SLW AEM
MGA AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2068.91, high 2070.17, low 2065.07
Internals are positive
Oil Down 65 cents
Gold Down $1.20
Canadian $ Down 65 tick @ 87.04
VIX Down 3.41% @ 12.46
In my portfolio :
Added 60% BBRY @ $10.29
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP.
@ 2.36 following are red :
LULU TSL GG OTEX BIDU GRPN OWW
RVBD KOG JKS SU SPWR YNDX
HIMX AMCC FNSR NFLX
GMCR ABX SLW AEM
MGA AGU.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 23, 2014
Message of the market IS......
Less than six weeks ago, we were sitting @ 1820.66, now S&P 500 reached 2071.46 on Friday, that is a stunning gain of 250.80 or 13.78% in a span of less than six weeks.
RSI sitting @ 73.23
Message of the market has been clear, this is no ordinary bull market, it pauses and charges up very quickly......
We may be sitting @ a "quick pause "
@ 73.23 we are sitting @ the highest point in RSI in a long time.....which calls for some kind of pullback.
SOX is looking strong...
Nasdaq behaved badly on Friday...maybe signalling a pause ?
Volatility may increase near term
Last 5 weeks left in this year which may result in selling of weaker stocks, IF you want to buy them then wait until last week of December.
Overthinking this market has not helped any trader or investor.....
This TAPE has given many signal that, it is heading higher..but few are busy fighting on a daily basis.
I do follow RSI, which is a good trading tool.
BUT in a runaway bull TAPE all indicators loses its impact.....
SO...buy anything which looks better for future positive move
Any weakness becomes a buying opportunity.
Here is my weighting :
LULU 27.28%
EGO 25.20%
MU 21.37%
NXPI 12.44%
AKS 6.91%
BBRY 6.80%
Exposure 195%
BLOG does NOT give buy or sell.
Saleem
RSI sitting @ 73.23
Message of the market has been clear, this is no ordinary bull market, it pauses and charges up very quickly......
We may be sitting @ a "quick pause "
@ 73.23 we are sitting @ the highest point in RSI in a long time.....which calls for some kind of pullback.
SOX is looking strong...
Nasdaq behaved badly on Friday...maybe signalling a pause ?
Volatility may increase near term
Last 5 weeks left in this year which may result in selling of weaker stocks, IF you want to buy them then wait until last week of December.
Overthinking this market has not helped any trader or investor.....
This TAPE has given many signal that, it is heading higher..but few are busy fighting on a daily basis.
I do follow RSI, which is a good trading tool.
BUT in a runaway bull TAPE all indicators loses its impact.....
SO...buy anything which looks better for future positive move
Any weakness becomes a buying opportunity.
Here is my weighting :
LULU 27.28%
EGO 25.20%
MU 21.37%
NXPI 12.44%
AKS 6.91%
BBRY 6.80%
Exposure 195%
BLOG does NOT give buy or sell.
Saleem
Friday, November 21, 2014
Indices closed UP .24% to .52%....NICE !!!!
TAPE got a jolt from Chinese interest cut of 40 basis & Draghi promise to raise inflation faster, caused worldwide market to move higher, Dow, S&P 500 closed @ all time high, while Nasdaq another highest close since March 2000.
S&P 500 @ 2063.50, high 2071.46, low 2056.75
RSI @ 73.23
CMF @ 0.527
Internals were :
UP volume led by 3.46 to 1 in NYSE & 1.40 to 1 in Nasdaq
Advancing stocks led by 1.95 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 192 in NYSE & 88 in Nasdaq
VIX Down 5.01% @ 12.90
Oil @ $76.51
Gold @ $1197.70
Canadian $ @ 87.71, Canadian inflation came in hotter than expected, despite lower gas prices.
Stocks which were UP 1% AKS BBRY LULU MU
TSL QIHU BIDU WUBA LVS KOG JKS SINA
SU V WB FEYE SPWR YNDX SNDK AMCC
LSCC SPLK SBUX STLD DATA WLT
WYNN MLNX.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2063.50, high 2071.46, low 2056.75
RSI @ 73.23
CMF @ 0.527
Internals were :
UP volume led by 3.46 to 1 in NYSE & 1.40 to 1 in Nasdaq
Advancing stocks led by 1.95 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 192 in NYSE & 88 in Nasdaq
VIX Down 5.01% @ 12.90
Oil @ $76.51
Gold @ $1197.70
Canadian $ @ 87.71, Canadian inflation came in hotter than expected, despite lower gas prices.
Stocks which were UP 1% AKS BBRY LULU MU
TSL QIHU BIDU WUBA LVS KOG JKS SINA
SU V WB FEYE SPWR YNDX SNDK AMCC
LSCC SPLK SBUX STLD DATA WLT
WYNN MLNX.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 20, 2014
Indices closed UP .19% to .56%...NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2052.75, high 2053.84, low 2040.49
RSI @ 70.52
CMF @ 0.581
Internals were :
UP volume led by 2.01 to 1 in NYSE & 2.81 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 2.00 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 17 in Nasdaq
VIX Down 2.72% @ 13.58
Oil @ $75.58
Gold @ $1190.90
Stocks which were UP 1% or more included AKS EGO NXPI
SWIR LEN GG YELP YHOO KORS AAPL GRPN RVBD
KOG CSIQ AMZN SINA SU YUM FFIV FEYE FSLR
SPWR YNDX HIMX ARUN CRUS SNDK AMCC
LSCC CIEN JDSU FNSR NFLX PANW M
SPLK STLD ABX SLW AEM CCJ COH
CSOD MGA WLT.....
AH ER ...SPLK UP 6.33%, ARUN Down 7.99%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE showed strength by ignoring weak data from China & Germany. S&P 500 & Dow closed @ the highest level since inception. TAPE is still shaky IF we look @ new 52 wk highs, it is historically substantial @ new all time highs, currently it is barely positive. CMF is @ the highest level in months, which means that net inflow in equities is still there and getting stronger.
When it is confusing, then it is prudent to keep an eye on TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2052.75, high 2053.84, low 2040.49
RSI @ 70.52
CMF @ 0.581
Internals were :
UP volume led by 2.01 to 1 in NYSE & 2.81 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 2.00 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 17 in Nasdaq
VIX Down 2.72% @ 13.58
Oil @ $75.58
Gold @ $1190.90
Stocks which were UP 1% or more included AKS EGO NXPI
SWIR LEN GG YELP YHOO KORS AAPL GRPN RVBD
KOG CSIQ AMZN SINA SU YUM FFIV FEYE FSLR
SPWR YNDX HIMX ARUN CRUS SNDK AMCC
LSCC CIEN JDSU FNSR NFLX PANW M
SPLK STLD ABX SLW AEM CCJ COH
CSOD MGA WLT.....
AH ER ...SPLK UP 6.33%, ARUN Down 7.99%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE showed strength by ignoring weak data from China & Germany. S&P 500 & Dow closed @ the highest level since inception. TAPE is still shaky IF we look @ new 52 wk highs, it is historically substantial @ new all time highs, currently it is barely positive. CMF is @ the highest level in months, which means that net inflow in equities is still there and getting stronger.
When it is confusing, then it is prudent to keep an eye on TAPE.
BLOG does NOT give buy or sell.
Saleem
Indices UP .13% to .58%.....NICE !!!!
Indices first reacted to weak PMI numbers from China & Germany then made a solid recovery into positive territory.
S&P 500 @ 2052.97, high 2053.84, low 2040.49
Internals are positive by 2 to 1
Oil UP $1.03
Gold Down $2.00
Canadian $ UP 41 tick @ 87.01
VIX Down 1.58% @ 13.74
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP
@ 2.33 following are red :
BBRY TSL JKS QIHU OTEX EXPE BIDU GOOGL
WUBA EBAY C GMCR MS TRLA Z WYNN
AGU....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2052.97, high 2053.84, low 2040.49
Internals are positive by 2 to 1
Oil UP $1.03
Gold Down $2.00
Canadian $ UP 41 tick @ 87.01
VIX Down 1.58% @ 13.74
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP
@ 2.33 following are red :
BBRY TSL JKS QIHU OTEX EXPE BIDU GOOGL
WUBA EBAY C GMCR MS TRLA Z WYNN
AGU....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 19, 2014
Indices closed down .01% to .57%....
Indices closed lower as Fed minutes failed to inspire positive close.
S&P 500 @ 2048.72, low 2040.37, high 2052.14
RSI @ 69.44
CMF @ 0.553
Internals were :
Down volume led by 1.49 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 1.62 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 14 in NYSE & lows by 26 in Nasdaq
VIX UP .72% @ 13.96
Oil @ $74.58
Gold @ $1193.90
AH ER... GMCR Down .75%, CRM Down 4.95%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under pressure and internals are mostly negative. Chinese HSBC Flash PMI came in @ 50.00 vs estimate of 50.3, Chinese data has been on the weak side for a while, how much that is discounted market can decipher. Due to monthly Option Expiry on Friday, i expect weakness to continue on Thursday when most of the positions are squared off. Overbought conditions remain and will keep any UP move under check.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2048.72, low 2040.37, high 2052.14
RSI @ 69.44
CMF @ 0.553
Internals were :
Down volume led by 1.49 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 1.62 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 14 in NYSE & lows by 26 in Nasdaq
VIX UP .72% @ 13.96
Oil @ $74.58
Gold @ $1193.90
AH ER... GMCR Down .75%, CRM Down 4.95%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under pressure and internals are mostly negative. Chinese HSBC Flash PMI came in @ 50.00 vs estimate of 50.3, Chinese data has been on the weak side for a while, how much that is discounted market can decipher. Due to monthly Option Expiry on Friday, i expect weakness to continue on Thursday when most of the positions are squared off. Overbought conditions remain and will keep any UP move under check.
BLOG does NOT give buy or sell.
Saleem
Indices down .12% to .54%..
Indices turned mixed after Fed minutes were released, Fed was concerned about sub 2% inflation and debated scenario for rate increase. Market is took these as positive initially but has reversed since.
S&P 500 @ 2046.53, low 2040.37, high 2052.14
Internals are negative by almost 2 to 1
Oil UP 36 cents
Gold Down $10.00
Canadian $ Down 28 tick @ 86.78
VIX UP 1.30% @ 14.04
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are down
@ 2.19 following are green :
LULU MU LEN TSL LNKD GOOGL WUBA
RVBD COH KOG JKS AMZN DNKN
CMG MA V YNDX HIMX CIEN
JDSU M SBUX MCD CCJ
TRLA Z TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2046.53, low 2040.37, high 2052.14
Internals are negative by almost 2 to 1
Oil UP 36 cents
Gold Down $10.00
Canadian $ Down 28 tick @ 86.78
VIX UP 1.30% @ 14.04
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are down
@ 2.19 following are green :
LULU MU LEN TSL LNKD GOOGL WUBA
RVBD COH KOG JKS AMZN DNKN
CMG MA V YNDX HIMX CIEN
JDSU M SBUX MCD CCJ
TRLA Z TRIP......
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 18, 2014
Indices closed UP .23% to .67%...NICE !!!!
TAPE was strong today and all indices closed higher in record territory.
S&P 500 @ 2051.80, high 2056.08, low 2041.48
RSI @ 71.29
CMF @ 0.468
Internals were :
UP volume led by 1.98 to 1 in NYSE & 2.02 to 1 in Nasdaq
Advancing stocks led by 1.53 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 47 in Nasdaq
VIX Down .93% @ 13.86
Oil @ $74.61
Gold @ $1197.10
Stocks which were UP 1% or more included EGO MU
SWIR TSL GG EXPE TSLA AAPL RVBD LVS
JKS CSIQ EBAY FSLR SPWR ARUN SNDK
AMCC LSCC CIEN FNSR GMCR SPLK
ABX SLW AEM CSOD TRLA AGU
TRIP MLNX.....
AH ER...JACK UP 3.78%, VIPS DOWN 5.1%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE enjoyed a strong run today due to German Investor confidence went UP, Abe election call & delay of Sales tax. S&P 500 & Dow @ all time high and Nasdaq @ new high since March of 2000. We are getting deeply overbought and must be trigger happy IF we go down. Booking profit or reducing exposure is highly recommended @ this stage.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2051.80, high 2056.08, low 2041.48
RSI @ 71.29
CMF @ 0.468
Internals were :
UP volume led by 1.98 to 1 in NYSE & 2.02 to 1 in Nasdaq
Advancing stocks led by 1.53 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 47 in Nasdaq
VIX Down .93% @ 13.86
Oil @ $74.61
Gold @ $1197.10
Stocks which were UP 1% or more included EGO MU
SWIR TSL GG EXPE TSLA AAPL RVBD LVS
JKS CSIQ EBAY FSLR SPWR ARUN SNDK
AMCC LSCC CIEN FNSR GMCR SPLK
ABX SLW AEM CSOD TRLA AGU
TRIP MLNX.....
AH ER...JACK UP 3.78%, VIPS DOWN 5.1%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE enjoyed a strong run today due to German Investor confidence went UP, Abe election call & delay of Sales tax. S&P 500 & Dow @ all time high and Nasdaq @ new high since March of 2000. We are getting deeply overbought and must be trigger happy IF we go down. Booking profit or reducing exposure is highly recommended @ this stage.
BLOG does NOT give buy or sell.
Saleem
Indices UP .42% to .77%....NICE !!!!
Finally we have a decisive breakout to new highs after having several mixed sessions.
S&P 500 @ 2054.69, high 2055.32, low 2041.48
Internals are positive by 2 to 1
Oil Down $1.04
Gold UP $11.70
Canadian $ UP 7 tick @ 87.04
VIX Down 3.72% @ 13.47
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP
@ 2.32 following are red :
AKS BBRY QIHU YY YELP YHOO LNKD
BIDU GOOGL BABA WUBA SINA
DNKN WB FEYE YNDX HIMX
GRPN DATA WYNN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2054.69, high 2055.32, low 2041.48
Internals are positive by 2 to 1
Oil Down $1.04
Gold UP $11.70
Canadian $ UP 7 tick @ 87.04
VIX Down 3.72% @ 13.47
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are UP
@ 2.32 following are red :
AKS BBRY QIHU YY YELP YHOO LNKD
BIDU GOOGL BABA WUBA SINA
DNKN WB FEYE YNDX HIMX
GRPN DATA WYNN.....
BLOG does NOT give buy or sell.
Saleem
Monday, November 17, 2014
Indices closed mixed...
Indices closed mixed after reacting initially to Japan recession data.
S&P 500 @ 2041.32, high 2043.07, low 2034.46
RSI @ 68.65
CMF @ 0.498
Internals were :
Down volume led by .99 to 1 in NYSE & 1.73 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk highs were leading by 108 in NYSE & 19 in Nasdaq
VIX UP 5.11% @ 13.99
Oil @ $75.64
Gold @ $1183.50
AH ER...JD Down .6%, URBN Down 3.83%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold Down
About market, TAPE is in a holding pattern until it breaks one way or other. Internals have deteriorated today and needs watching going forward. Sector preference is changing and is worth taking notes. Solar is not acting well. Gold stocks are behaving much better and needs some exposure. Option expiry is taking a hold this week, action in some stocks may be manipulated. Keep an eye in your own portfolio as we have less than six weeks left in this year trading, do some tax planning @ this stage.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2041.32, high 2043.07, low 2034.46
RSI @ 68.65
CMF @ 0.498
Internals were :
Down volume led by .99 to 1 in NYSE & 1.73 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk highs were leading by 108 in NYSE & 19 in Nasdaq
VIX UP 5.11% @ 13.99
Oil @ $75.64
Gold @ $1183.50
AH ER...JD Down .6%, URBN Down 3.83%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold Down
About market, TAPE is in a holding pattern until it breaks one way or other. Internals have deteriorated today and needs watching going forward. Sector preference is changing and is worth taking notes. Solar is not acting well. Gold stocks are behaving much better and needs some exposure. Option expiry is taking a hold this week, action in some stocks may be manipulated. Keep an eye in your own portfolio as we have less than six weeks left in this year trading, do some tax planning @ this stage.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed after being down, a pattern which is very familiar these days.
S&P 500 @ 2041.99, high 2043.01, low 2034.46
Internals are negative
Oil Down 47 cents
Gold Down 60 cents
Canadian $ Down 6 tick @ 87.07
VIX UP 5.48% @ 14.04
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are down
@ 2.07 following are green :
EGO NXPI SWIR LEN GG OTEX YHOO KORS
OWW WUBA RVBD V EBAY SNDK FNSR
ABX SLW AEM CCJ CSOD WLT TRLA
Z ...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2041.99, high 2043.01, low 2034.46
Internals are negative
Oil Down 47 cents
Gold Down 60 cents
Canadian $ Down 6 tick @ 87.07
VIX UP 5.48% @ 14.04
Portfolio AKS BBRY EGO LULU MU NXPI
Most stocks are down
@ 2.07 following are green :
EGO NXPI SWIR LEN GG OTEX YHOO KORS
OWW WUBA RVBD V EBAY SNDK FNSR
ABX SLW AEM CCJ CSOD WLT TRLA
Z ...
BLOG does NOT give buy or sell.
Saleem
Sunday, November 16, 2014
Option expiry week to impact markets ?
TAPE has been struggling with overbought conditions & have been successful in keeping all its gains. We have been UP for four straight weeks.
This week is option expiry for weekly & monthly options, generally this brings volatility.
Fed minutes will be released on Wednesday which triggers language based reaction.
Consumer is feeling pretty happy @ 89.4% confidence readings.
Bulls @ 54.6%
Bears @ 15.1%
Bull bear ratio is yet to hit extreme reading of 60% in bulls.
Momentum is slowing & money managers have allocated funds to equities.
We may have a go nowhere market this week, IF we pull back we have a strong support in 2000 area in S&P 500.
Many sectors and stocks are working against all odds, AAPL, SWIR, BBRY,AMZN,MA to name a few are showing strength.
Gold,Silver, Uranium have broken resistance and are moving higher nicely.GLD has broken out and GDX is ready to do the same.
Seasonally we are in a strong couple of months.
@ worst, option expiry & Fed minute may put some pressure on the TAPE, but we may find willing buyers on any weakness.
Looking ahead to Christmas related buying & low low gas prices, we may be ready to reward investors & traders.
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
This week is option expiry for weekly & monthly options, generally this brings volatility.
Fed minutes will be released on Wednesday which triggers language based reaction.
Consumer is feeling pretty happy @ 89.4% confidence readings.
Bulls @ 54.6%
Bears @ 15.1%
Bull bear ratio is yet to hit extreme reading of 60% in bulls.
Momentum is slowing & money managers have allocated funds to equities.
We may have a go nowhere market this week, IF we pull back we have a strong support in 2000 area in S&P 500.
Many sectors and stocks are working against all odds, AAPL, SWIR, BBRY,AMZN,MA to name a few are showing strength.
Gold,Silver, Uranium have broken resistance and are moving higher nicely.GLD has broken out and GDX is ready to do the same.
Seasonally we are in a strong couple of months.
@ worst, option expiry & Fed minute may put some pressure on the TAPE, but we may find willing buyers on any weakness.
Looking ahead to Christmas related buying & low low gas prices, we may be ready to reward investors & traders.
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
Friday, November 14, 2014
Indices closed mixed....
Indices remained near flatline for most of the day then closed mixed. Consumer sentiments @ 7 years high.
S&P 500 @ 2039.82, high 2042.22, low 2035.20
RSI @ 68.26
CMF @ 0.515
Internals were :
UP volume led by 1.35 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & .92 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 14 in Nasdaq
VIX @ 13.31
Oil @ $75.82
Gold @ $1185.60
Canadian $ @ 87.19
Stocks which were UP 2% or more included AKS EGO
TSL JCP QIHU GG YY YELP TWTR YHOO BIDU
TSLA OWW WUBA KOG JKS CSIQ AMZN
FFIV CIEN FNSR X ABX SLW AEM
CCJ DATA CSOD WLT TRLA Z
MLNX......
Here is my weighting :
LULU 26.71%
EGO 25.24%
MU 20.75%
NXPI 12.50%
BBRY 7.60% ( bought today @ $11.52)
AKS 7.20%
Exposure 195%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2039.82, high 2042.22, low 2035.20
RSI @ 68.26
CMF @ 0.515
Internals were :
UP volume led by 1.35 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & .92 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 14 in Nasdaq
VIX @ 13.31
Oil @ $75.82
Gold @ $1185.60
Canadian $ @ 87.19
Stocks which were UP 2% or more included AKS EGO
TSL JCP QIHU GG YY YELP TWTR YHOO BIDU
TSLA OWW WUBA KOG JKS CSIQ AMZN
FFIV CIEN FNSR X ABX SLW AEM
CCJ DATA CSOD WLT TRLA Z
MLNX......
Here is my weighting :
LULU 26.71%
EGO 25.24%
MU 20.75%
NXPI 12.50%
BBRY 7.60% ( bought today @ $11.52)
AKS 7.20%
Exposure 195%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 13, 2014
Indices closed UP .05% to .23%.....NICE !!!!
Indices closed UP after zig zagging for most of the day. S&P 500 and Dow made a new all time high today.
S&P 500 @ 2039.33, high 2046.18, low 2030.44
RSI @ 68.14
CMF @ 0.510
Internals were :
Down volume led by 2.06 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk highs were leading by 114 in NYSE & 80 in Nasdaq
VIX UP 5.91% @ 13.79
Oil @ $74.21
Gold @ $1161.50
AH ER ...SINA Down 3.23%, WB UP 3.72%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling as reflected in internals, this is a healthy sign as it takes out overbought conditions. Money flow remains near @ higher levels which is a good sign for equity allocation. Many stocks are in overdrive mode like SWIR , BABA, AAPL to name a few while solar sector is under pressure and many stocks are hitting 52 wk lows. Stay exposed to this TAPE as we are in a consolidating mode.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2039.33, high 2046.18, low 2030.44
RSI @ 68.14
CMF @ 0.510
Internals were :
Down volume led by 2.06 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk highs were leading by 114 in NYSE & 80 in Nasdaq
VIX UP 5.91% @ 13.79
Oil @ $74.21
Gold @ $1161.50
AH ER ...SINA Down 3.23%, WB UP 3.72%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling as reflected in internals, this is a healthy sign as it takes out overbought conditions. Money flow remains near @ higher levels which is a good sign for equity allocation. Many stocks are in overdrive mode like SWIR , BABA, AAPL to name a few while solar sector is under pressure and many stocks are hitting 52 wk lows. Stay exposed to this TAPE as we are in a consolidating mode.
BLOG does NOT give buy or sell.
Saleem
Indices MIXED
Indices are mixed after being UP nicely & making new all time highs.
S&P 500 @ 2032.64, low 2030.44, high 2046.18
Internals are negative by 2 to 1
Oil Down $2.39
Gold Down $1.30
Canadian $ Down 52 tick @ 86.34
VIX UP 9.06% @ 14.20
Portfolio AKS EGO LULU MU NXPI
Most stocks are down
@ 2.33 following are green :
AKS SWIR BBRY TSLA AAPL LVS AMZN
DNKN CMG YUM WB HIMX SNDK
BRCM PANW GMCR X SLW .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2032.64, low 2030.44, high 2046.18
Internals are negative by 2 to 1
Oil Down $2.39
Gold Down $1.30
Canadian $ Down 52 tick @ 86.34
VIX UP 9.06% @ 14.20
Portfolio AKS EGO LULU MU NXPI
Most stocks are down
@ 2.33 following are green :
AKS SWIR BBRY TSLA AAPL LVS AMZN
DNKN CMG YUM WB HIMX SNDK
BRCM PANW GMCR X SLW .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 12, 2014
Indices closed mixed....
Indices started weak but managed to close mixed.
S&P 500 @ 2038.25, low 2031.95, high 2040.33
RSI @ 67.90
CMF @ 0.515
Internals were :
UP volume led by .96 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 65 in Nasdaq
VIX UP .77% @ 13.02
Oil @ $77.18
Gold @ $1159.10
Canadian $ @ 86.86
Stocks which were UP 1% or more included LULU
SWIR BBRY JCP TWTR YHOO KORS AAPL
GRPN BABA WUBA RVBD COH SINA
DNKN CMG SU YUM V ZNGA M
SPLK STLD SLW AGU....
AH ER...NTES Down 2.06%, NTAP Down 3.12%,
JCP Down 5.67%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is trying to digest gains and seems to be churning. Market internals are still holding well and money flow is staying near recent high. Nasdaq closed @ the highest level since March 2,000. New highs are always good for traders sentiment. Earnings reaction has been mixed. TWTR analyst day was positive and stocks moved up from recent low. Keep conviction in your portfolio, you never know when they may move to surprise you in a positive manner.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2038.25, low 2031.95, high 2040.33
RSI @ 67.90
CMF @ 0.515
Internals were :
UP volume led by .96 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 65 in Nasdaq
VIX UP .77% @ 13.02
Oil @ $77.18
Gold @ $1159.10
Canadian $ @ 86.86
Stocks which were UP 1% or more included LULU
SWIR BBRY JCP TWTR YHOO KORS AAPL
GRPN BABA WUBA RVBD COH SINA
DNKN CMG SU YUM V ZNGA M
SPLK STLD SLW AGU....
AH ER...NTES Down 2.06%, NTAP Down 3.12%,
JCP Down 5.67%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is trying to digest gains and seems to be churning. Market internals are still holding well and money flow is staying near recent high. Nasdaq closed @ the highest level since March 2,000. New highs are always good for traders sentiment. Earnings reaction has been mixed. TWTR analyst day was positive and stocks moved up from recent low. Keep conviction in your portfolio, you never know when they may move to surprise you in a positive manner.
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 11, 2014
Indices closed UP .01% to .19%....NICE !!!!
TAPE managed to close higher after struggling most of the day.
S&P 500 @ 2039.68, high 2041.28, low 2035.28
RSI @ 68.55
CMF @ 0.520
Internals were :
UP volume led by 1.09 to 1 in NYSE & 1.00 to 1 in Nasdaq
Advancing stocks led by 1.06 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 154 in NYSE & 62 in Nasdaq
VIX UP 1.97% @ 12.92
Oil @ $77.94
Gold @ $1163.00
AH ER ...HMIN Down 2.22%, YY UP 3.66%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is either digesting its gains to move further UP as evidenced by rising CMF which is @ its highest level since mid July. The other scenario is based on VIX & RSI that we are in the process of topping out and may slump. Chinese stocks are doing well based on improving economic picture in China. FB & TWTR are still struggling & do not look healthy. Watch this TAPE closely as something is brewing.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2039.68, high 2041.28, low 2035.28
RSI @ 68.55
CMF @ 0.520
Internals were :
UP volume led by 1.09 to 1 in NYSE & 1.00 to 1 in Nasdaq
Advancing stocks led by 1.06 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 154 in NYSE & 62 in Nasdaq
VIX UP 1.97% @ 12.92
Oil @ $77.94
Gold @ $1163.00
AH ER ...HMIN Down 2.22%, YY UP 3.66%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is either digesting its gains to move further UP as evidenced by rising CMF which is @ its highest level since mid July. The other scenario is based on VIX & RSI that we are in the process of topping out and may slump. Chinese stocks are doing well based on improving economic picture in China. FB & TWTR are still struggling & do not look healthy. Watch this TAPE closely as something is brewing.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
TAPE is digesting huge gains and is near breakeven levels.
S&P 500 @ 2037.28, low 2035.28, high 2041.28
Internals are negative
Oil UP 52 cents
Gold UP $10.60
Canadian $ UP 52 tick @ 86.74
VIX UP 3.63 @ 13.13
Portfolio AKS EGO LULU MU NXPI
Most stocks are down
@ 2.40 following are green :
EGO MU SWIR LEN GG YELP EXPE
PCLN TSLA GOOGL GRPN WUBA
COH LVS KOG CMG FEYE ARUN
ZNGA ABX SLW AEM CCJ Z
TRLA WYNN AGU......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2037.28, low 2035.28, high 2041.28
Internals are negative
Oil UP 52 cents
Gold UP $10.60
Canadian $ UP 52 tick @ 86.74
VIX UP 3.63 @ 13.13
Portfolio AKS EGO LULU MU NXPI
Most stocks are down
@ 2.40 following are green :
EGO MU SWIR LEN GG YELP EXPE
PCLN TSLA GOOGL GRPN WUBA
COH LVS KOG CMG FEYE ARUN
ZNGA ABX SLW AEM CCJ Z
TRLA WYNN AGU......
BLOG does NOT give buy or sell.
Saleem
Monday, November 10, 2014
Indices closed UP .23% to .41%.....NICE !!!!
Indices closed near high of the day and made another all time closing high in S&P 500 & Dow.
S&P 500 @ 2038.26, high 2038.70, low 2030.17
RSI @ 68.27
CMF @ 0.455
Internals were :
UP volume led by 1.15 to 1 in NYSE & 1.38 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 173 in NYSE & 85 in Nasdaq
VIX Down 3.43% @ 12.67
Oil @ $77.40
Gold @ $1159.80
Stocks which were UP 1% or more included NXPI
LNKD LEN BIDU JKS CSIQ AMZN YHOO
EXPE PCLN GOOG WB FEYE FSLR
ZNGA LSCC SWIR BBRY QIHU
OTEX YY YELP BABA CCJ
PANW GMCR CSOD Z
TRLA.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE has continued on its record high close, there seems to be buying continuing as CMF is @ its highest point since early July 2014. There was lot of buying interest in Chinese stocks today and they were mostly higher @ close. China has approved inter-listed trading for Hong Kong & Shanghai exchanges, Yuan was priced higher as exports went up. TAPE is reaching close to 70 in RSI which needs to be watched for pullback.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2038.26, high 2038.70, low 2030.17
RSI @ 68.27
CMF @ 0.455
Internals were :
UP volume led by 1.15 to 1 in NYSE & 1.38 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 173 in NYSE & 85 in Nasdaq
VIX Down 3.43% @ 12.67
Oil @ $77.40
Gold @ $1159.80
Stocks which were UP 1% or more included NXPI
LNKD LEN BIDU JKS CSIQ AMZN YHOO
EXPE PCLN GOOG WB FEYE FSLR
ZNGA LSCC SWIR BBRY QIHU
OTEX YY YELP BABA CCJ
PANW GMCR CSOD Z
TRLA.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE has continued on its record high close, there seems to be buying continuing as CMF is @ its highest point since early July 2014. There was lot of buying interest in Chinese stocks today and they were mostly higher @ close. China has approved inter-listed trading for Hong Kong & Shanghai exchanges, Yuan was priced higher as exports went up. TAPE is reaching close to 70 in RSI which needs to be watched for pullback.
BLOG does NOT give buy or sell.
Saleem
Indices UP .14% to .26%...NICE !!!!
TAPE is strong and making new all time highs in Dow & S&P 500.
S&P 500 @ 2036.02, high 2038.70, low 2030.17
Internals are positive
Oil Down $1.25
Gold Down $17.50
Canadian $ Down 50 tick @ 86.24
VIX Down 3.96% @ 12.60
Portfolio AKS EGO LULU MU NXPI
Most stocks are UP
@ 2.45 following are red :
EGO LULU JCP GG TWTR KORS FB
KOG SU V AMCC CIEN FNSR M
X ABX SLW AEM DATA AGU
TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2036.02, high 2038.70, low 2030.17
Internals are positive
Oil Down $1.25
Gold Down $17.50
Canadian $ Down 50 tick @ 86.24
VIX Down 3.96% @ 12.60
Portfolio AKS EGO LULU MU NXPI
Most stocks are UP
@ 2.45 following are red :
EGO LULU JCP GG TWTR KORS FB
KOG SU V AMCC CIEN FNSR M
X ABX SLW AEM DATA AGU
TRIP.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 9, 2014
Are we overbought ?
After every new all time highs, a natural question comes to mind, are we overbought ?
We need to look @ internals of the market to see where we are right now.
Here is the read on RSI in indices :
Nasdaq 64.90
S&P 500 67.04
Dow 69.43
Then we need to look @ sentiment, which is captured every week on Wednesday by AAII, please note that we closed @ new all time high in DOW & S&P 500 on Friday which is not reflected in these Wednesday numbers,
Bulls 54.6%
Bears 15.1%
I am sure everyone can see where we are in terms of bullishness....pretty high....
Another indicator which one can follow is Short interest ratio , currently it is @ the lowest level since December of 2013......
SO...all of the above is flashing warning sign for traders, they can flip to short selling or preferably Put buying to take advantage of "overbought condition"
Only hope is that we are @ the highest level in CMF reading , which currently @ .357 highest level since July 2014...means there is money flowing in into equities.
Another weak positive is that RUT & Nasdaq have gone sideways for last 6 trading days.....a basing period then we go higher?
All i can tell you that, be very selective in what you buy & when you buy.
Exposure needs to be looked @ based on your own comfort level.
TAPE is very tricky, it goes UP when nobody expects, and goes down when everyone is bullish.
Many stocks are basing for long time like GOOG, FB, PCLN and may be ripe for picking.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
We need to look @ internals of the market to see where we are right now.
Here is the read on RSI in indices :
Nasdaq 64.90
S&P 500 67.04
Dow 69.43
Then we need to look @ sentiment, which is captured every week on Wednesday by AAII, please note that we closed @ new all time high in DOW & S&P 500 on Friday which is not reflected in these Wednesday numbers,
Bulls 54.6%
Bears 15.1%
I am sure everyone can see where we are in terms of bullishness....pretty high....
Another indicator which one can follow is Short interest ratio , currently it is @ the lowest level since December of 2013......
SO...all of the above is flashing warning sign for traders, they can flip to short selling or preferably Put buying to take advantage of "overbought condition"
Only hope is that we are @ the highest level in CMF reading , which currently @ .357 highest level since July 2014...means there is money flowing in into equities.
Another weak positive is that RUT & Nasdaq have gone sideways for last 6 trading days.....a basing period then we go higher?
All i can tell you that, be very selective in what you buy & when you buy.
Exposure needs to be looked @ based on your own comfort level.
TAPE is very tricky, it goes UP when nobody expects, and goes down when everyone is bullish.
Many stocks are basing for long time like GOOG, FB, PCLN and may be ripe for picking.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, November 7, 2014
Indices closed mixed.....
Dow & S&P 500 @ a new all time high close. Jobs report was 21 K below expectations in US, while in Canada it was above 48.1 K. TAPE needed a rest in US while Canada was on fire with everything UP in Oil, Gold & base metals even Uranium came along for a huge ride.
S&P 500 @ 2031.92, high 2034.26, low 2025.07
RSI @ 67.04
CMF @ 0.357..@ highest level since July 14th, 2014
Internals were :
UP volume led by 1.92 to 1 in NYSE & 1.02 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 133 in NYSE & 45 in Nasdaq
VIX Down 4.02% @ 13.12
Oil @ $78.65
Gold @ $1169.80
Canadian $ @ 86.76
Stocks which were UP 2% or more included AKS EGO LULU
BBRY JCP GG BABA KOG SU BSFT ZNGA SPLK X
ABX SLW AEM CCJ WLT TRLA.....
Here is my weighting :
LULU 28.96%
EGO 25.59%
MU 23.41%
NXPI 13.90%
AKS 8.14%
Exposure 186%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2031.92, high 2034.26, low 2025.07
RSI @ 67.04
CMF @ 0.357..@ highest level since July 14th, 2014
Internals were :
UP volume led by 1.92 to 1 in NYSE & 1.02 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 133 in NYSE & 45 in Nasdaq
VIX Down 4.02% @ 13.12
Oil @ $78.65
Gold @ $1169.80
Canadian $ @ 86.76
Stocks which were UP 2% or more included AKS EGO LULU
BBRY JCP GG BABA KOG SU BSFT ZNGA SPLK X
ABX SLW AEM CCJ WLT TRLA.....
Here is my weighting :
LULU 28.96%
EGO 25.59%
MU 23.41%
NXPI 13.90%
AKS 8.14%
Exposure 186%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 6, 2014
Indices closed UP .38% to .40%....NICE !!!!
Indices closed @ high of the day after struggling earlier.
S&P 500 @ 2031.21, high 2031.61, low 2015.86
RSI @ 66.91
CMF @ 0.269....highest level in 3 weeks
Internals were :
UP volume led by 1.48 to 1 in NYSE & 1.56 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & by 49 in Nasdaq
VIX Down 3.53% @ 13.67
Oil @ $77.91
Gold @ $1142.60
Stocks which were UP 2% or more included EGO LULU
SWIR LEN JCP GG LNKD TSLA BABA JKS CSIQ
FEYE BSFT PANW M SPLK ABX SLW AEM
DATA TRIP.....
AH ER .....LOCO Down 2.65%, FSLR Down 7.29%
NVDA UP 2.13%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed on a strong note near high of the day, Dow & S&P 500 @ a new all time highs. Job picture is improving dramatically and Jobs report @ 830 AM may reflect a beat on expectations. I am expecting a blow off phase which may come tomorrow, take advantage of that and book some gains.
BLOG does NOT give buy or sell.
PS....there was an urgent need for me to take care of some dental issue in the family, took way longer than expected, thus missed my PM BLOG.
Saleem
S&P 500 @ 2031.21, high 2031.61, low 2015.86
RSI @ 66.91
CMF @ 0.269....highest level in 3 weeks
Internals were :
UP volume led by 1.48 to 1 in NYSE & 1.56 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & by 49 in Nasdaq
VIX Down 3.53% @ 13.67
Oil @ $77.91
Gold @ $1142.60
Stocks which were UP 2% or more included EGO LULU
SWIR LEN JCP GG LNKD TSLA BABA JKS CSIQ
FEYE BSFT PANW M SPLK ABX SLW AEM
DATA TRIP.....
AH ER .....LOCO Down 2.65%, FSLR Down 7.29%
NVDA UP 2.13%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed on a strong note near high of the day, Dow & S&P 500 @ a new all time highs. Job picture is improving dramatically and Jobs report @ 830 AM may reflect a beat on expectations. I am expecting a blow off phase which may come tomorrow, take advantage of that and book some gains.
BLOG does NOT give buy or sell.
PS....there was an urgent need for me to take care of some dental issue in the family, took way longer than expected, thus missed my PM BLOG.
Saleem
Wednesday, November 5, 2014
Indices closed mixed....
TAPE was mixed despite Republican takeover of Senate.
S&P 500 @ 2023.57, high 2023.77, low 2014.42
RSI @ 65.52
CMF @ 0.175
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 165 in NYSE & by 61 in Nasdaq
VIX Down 4.84% @ 14.17
Oil @ $78.68
Gold @ $1145.70
Stocks which were UP 1% or more included MU NXPI
OTEX KORS BABA KOG SU MA V BSFT HIMX
AMCC LSCC C M CCJ MGA WLT....
AH ER ...QCOM Down 5.58%, TSLA UP 6.94%
WFM UP 8.03%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE looks tired and internals are so so.Dow closed @ new all time high and S&P 500 missed by few ticks. It is important to book profit as market may pull back to regain strength. Mixed TAPE is a tell tale of fatigue. Jobs report may pressure Thursday's trade. Earnings are very mixed in former leaders.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2023.57, high 2023.77, low 2014.42
RSI @ 65.52
CMF @ 0.175
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 165 in NYSE & by 61 in Nasdaq
VIX Down 4.84% @ 14.17
Oil @ $78.68
Gold @ $1145.70
Stocks which were UP 1% or more included MU NXPI
OTEX KORS BABA KOG SU MA V BSFT HIMX
AMCC LSCC C M CCJ MGA WLT....
AH ER ...QCOM Down 5.58%, TSLA UP 6.94%
WFM UP 8.03%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE looks tired and internals are so so.Dow closed @ new all time high and S&P 500 missed by few ticks. It is important to book profit as market may pull back to regain strength. Mixed TAPE is a tell tale of fatigue. Jobs report may pressure Thursday's trade. Earnings are very mixed in former leaders.
BLOG does NOT give buy or sell.
Saleem
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