Indices are lower and near low of the day as oil hits new low again.
S&P 500 @ 2070.48, low 2068.24, high 2085.58
Internals are negative
Oil Down $1.22
Gold Down $19.90
Canadian $ Down 13 tick @ 83.77
VIX UP 17.02% @ 18.63
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.21 following are green by 1% :
NXPI TSL LEN YELP WUBA JKS CSIQ TWTR
LSCC PANW M TRLA Z .......
Next post on Friday after close.
Have a very happy new year !
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 31, 2014
Tuesday, December 30, 2014
Indices closed down .31% to .61%......
Indices closed near low of the day.
S&P 500 @ 2080.35, low 2079.53, high 2088.49
RSI @ 59.10
CMF @ 0.004
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 63 in Nasdaq
VIX UP 5.71% @ 15.92
Oil @ $54.12
Gold @ $1200.40
AH futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Chinese Final HSBC flash PMI came in @ 49.6 vs estimate of 49.5 for December, November actual was 50.00, this confirms ongoing slowdown in Chinese economy. TAPE is being affected by Oil weak prices, i do not see Oil doing any better in near term, how much oil weakness is being discounted by equities, will only know IF oil is down on Wednesday & we rally against that. Internals were weak today, that may be the reflection of low holiday volume. Volume pattern may not improve until week of 12th January.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2080.35, low 2079.53, high 2088.49
RSI @ 59.10
CMF @ 0.004
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 63 in Nasdaq
VIX UP 5.71% @ 15.92
Oil @ $54.12
Gold @ $1200.40
AH futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Chinese Final HSBC flash PMI came in @ 49.6 vs estimate of 49.5 for December, November actual was 50.00, this confirms ongoing slowdown in Chinese economy. TAPE is being affected by Oil weak prices, i do not see Oil doing any better in near term, how much oil weakness is being discounted by equities, will only know IF oil is down on Wednesday & we rally against that. Internals were weak today, that may be the reflection of low holiday volume. Volume pattern may not improve until week of 12th January.
BLOG does NOT give buy or sell.
Saleem
Indices down .39% to .68%.....
Indices are following worldwide selling from Asia to Europe to North America. Oil was the weak link again up slightly so far.
S&P 500 @ 2080.25, low 2079.53, high 2088.49
Internals are negative
Oil UP 21 cents
Gold UP $18.60
Canadian $ UP 33 tick @ 84.01
VIX UP 7.37% @ 16.17
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.20 following are green :
AKS BBRY EGO GPRO TSL GG OTEX YELP YHOO
KORS LULU COH EBAY YNDX ARUN JDSU C
X STLD ABX SLW AEM CCJ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2080.25, low 2079.53, high 2088.49
Internals are negative
Oil UP 21 cents
Gold UP $18.60
Canadian $ UP 33 tick @ 84.01
VIX UP 7.37% @ 16.17
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.20 following are green :
AKS BBRY EGO GPRO TSL GG OTEX YELP YHOO
KORS LULU COH EBAY YNDX ARUN JDSU C
X STLD ABX SLW AEM CCJ......
BLOG does NOT give buy or sell.
Saleem
Monday, December 29, 2014
Indices closed mixed.....
Indices closed mixed after Oil went to another low.
S&P 500 @ 2090.57, high 2093.55, low 2085.75
Internals were :
UP volume led by 1.51 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 209 in NYSE & 106 in Nasdaq
VIX UP 3.86% @ 15.06
Oil @ $53.61
Gold @ $1181.90
Stocks which were UP 1% or more included MU
SWIR LEN GRPN LULU COH DNKN M
CMG STLD CCJ WYNN.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was basically unchanged on lower holiday volume. S&P 500 & RUT made intraday alltime highs before going flattish @ close. Tonight IBD is repeating that "uptrend under pressure". IBD has missed this recovery completely which does not say much about their so called fundamental plus technical read of market. I expect more new all time highs in next few trading days.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.57, high 2093.55, low 2085.75
Internals were :
UP volume led by 1.51 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 209 in NYSE & 106 in Nasdaq
VIX UP 3.86% @ 15.06
Oil @ $53.61
Gold @ $1181.90
Stocks which were UP 1% or more included MU
SWIR LEN GRPN LULU COH DNKN M
CMG STLD CCJ WYNN.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was basically unchanged on lower holiday volume. S&P 500 & RUT made intraday alltime highs before going flattish @ close. Tonight IBD is repeating that "uptrend under pressure". IBD has missed this recovery completely which does not say much about their so called fundamental plus technical read of market. I expect more new all time highs in next few trading days.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed after another all time highs intraday. Oil going to new low is impacting equities.
S&P 500 @ 2090.99, high 2093.55, low 2085.75
Internals are positive
Oil Down $1.39
Gold Down $12.80
Canadian $ Down 7 tick @ 83.68
VIX UP 7.10% @ 15.53
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are UP
@ 2.03 following are red by 1% or more :
GPRO EGO QIHU GG YY TWTR EXPE BIDU
TSLA FB WUBA JKS SINA WB SPWR
ARUN AMCC PANW SPLK ABX
SLW AEM DATA CSOD
TRLA TRIP MLNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.99, high 2093.55, low 2085.75
Internals are positive
Oil Down $1.39
Gold Down $12.80
Canadian $ Down 7 tick @ 83.68
VIX UP 7.10% @ 15.53
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are UP
@ 2.03 following are red by 1% or more :
GPRO EGO QIHU GG YY TWTR EXPE BIDU
TSLA FB WUBA JKS SINA WB SPWR
ARUN AMCC PANW SPLK ABX
SLW AEM DATA CSOD
TRLA TRIP MLNX...
BLOG does NOT give buy or sell.
Saleem
Sunday, December 28, 2014
TAPE continues on its bull run........
TAPE has been on a tear since Fed statement, it has the making of more bull run in store.
RSI @ 62.56 means there is more room to run higher towards 73 area....
Many stocks are nicely set up to make new highs.
Internals remains healthy.....
Sector rotation may come into play...
Monday is the last day to trade for 2014 for retail......
2015 strategy needs to be in high gear to start the year right.....
Different strategy normally gets different result for 2015.....
China & India can be the best idea for 2015....
Many traders are still not sure about this TAPE, as it has surprised them and have left them with less exposure in this bull run.....
Second guessing this bull has costed many serious money.....
Sometimes it is wise not to be wiser than TAPE......
This TAPE may go in overdrive going into new year, as new allocation pours in.....
SO...different strategy for 2015 may be, to be fully exposed with a strong diversified portfolio and smell the $$$$........
Good luck with your homework for 2015, its only 1 trading day away.
BLOG does NOT give buy or sell.
Saleem
RSI @ 62.56 means there is more room to run higher towards 73 area....
Many stocks are nicely set up to make new highs.
Internals remains healthy.....
Sector rotation may come into play...
Monday is the last day to trade for 2014 for retail......
2015 strategy needs to be in high gear to start the year right.....
Different strategy normally gets different result for 2015.....
China & India can be the best idea for 2015....
Many traders are still not sure about this TAPE, as it has surprised them and have left them with less exposure in this bull run.....
Second guessing this bull has costed many serious money.....
Sometimes it is wise not to be wiser than TAPE......
This TAPE may go in overdrive going into new year, as new allocation pours in.....
SO...different strategy for 2015 may be, to be fully exposed with a strong diversified portfolio and smell the $$$$........
Good luck with your homework for 2015, its only 1 trading day away.
BLOG does NOT give buy or sell.
Saleem
Friday, December 26, 2014
Indices closed UP .13% to .70%....NICE !!!!
S&P 500, Nasdaq, Russell 2000 are all @ new highs @ intraday or close.
S&P 500 @ 2088.77, high 2092.70, low 2084.30
RSI @ 62.56
CMF @ -0.026
Internals were :
UP volume led by 2.16 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 2.03 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 204 in NYSE & 95 in Nasdaq
VIX UP .90% @ 14.50
Oil @ $54.73
Gold @ $1195.30
Canadian $ @ 83.25
Stocks which were UP 1% or more AKS BBRY EGO GPRO
SWIR GG LNKD BIDU TSLA AAPL GRPN WUBA
JKS CSIQ AMZN SINA DNKN FEYE FSLR
SPWR YNDX PANW SPLK MCD ABX
SLW AEM TRIP.......
My portfolio weighting is :
EGO 22.50%
MU 18.67%
GPRO 18.47%
BBRY 14.95%
NXPI 11.68%
TSL 7.86%
AKS 5.87%
Exposure 198%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2088.77, high 2092.70, low 2084.30
RSI @ 62.56
CMF @ -0.026
Internals were :
UP volume led by 2.16 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 2.03 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 204 in NYSE & 95 in Nasdaq
VIX UP .90% @ 14.50
Oil @ $54.73
Gold @ $1195.30
Canadian $ @ 83.25
Stocks which were UP 1% or more AKS BBRY EGO GPRO
SWIR GG LNKD BIDU TSLA AAPL GRPN WUBA
JKS CSIQ AMZN SINA DNKN FEYE FSLR
SPWR YNDX PANW SPLK MCD ABX
SLW AEM TRIP.......
My portfolio weighting is :
EGO 22.50%
MU 18.67%
GPRO 18.47%
BBRY 14.95%
NXPI 11.68%
TSL 7.86%
AKS 5.87%
Exposure 198%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 24, 2014
Indices closed mixed......
Indices closed mixed after making new all time highs in Dow.
S&P 500 @ 2081.88, low 2081.86, high 2087.56
Internals were :
UP volume led by .80 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by .94 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 184 in NYSE & 68 in Nasdaq
VIX Down 2.91% @ 14.37
Oil @ $55.29
Gold @ $1173.50
Canadian $ @ 83.72
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Following stocks were UP 1% or more AKS EGO GPRO TSL
QIHU GG YY YHOO OWW WUBA ARUN AMCC
NFLX ABX SLW AEM .....
Merry Christmas to everyone !
Next post after close on Friday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.88, low 2081.86, high 2087.56
Internals were :
UP volume led by .80 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by .94 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 184 in NYSE & 68 in Nasdaq
VIX Down 2.91% @ 14.37
Oil @ $55.29
Gold @ $1173.50
Canadian $ @ 83.72
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Following stocks were UP 1% or more AKS EGO GPRO TSL
QIHU GG YY YHOO OWW WUBA ARUN AMCC
NFLX ABX SLW AEM .....
Merry Christmas to everyone !
Next post after close on Friday.
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 23, 2014
Indices closed mixed.....
Indices closed mixed because of Nasdaq being down, Dow & S&P 500 made another all time highs.
S&P 500 @ 2082.17, high 2086.73, low 2079.77
RSI @ 61.16
CMF @ 0.001
Internals were :
UP volume led by 2.39 to 1 in NYSE & .84 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 265 in NYSE & 117 in Nasdaq
VIX Down 2.95% @ 14.80
Oil @ $57.12
Gold @ $1178.00
In my portfolio :
Bought GPRO @ $59.67
Portfolio is AKS BBRY EGO GPRO MU NXPI TSL
Stocks which were UP 1% or more included BBRY GPRO TSL
SWIR JCP QIHU OTEX KORS GOOGL GRPN LULU
LVS CSIQ SU FEYE CIEN SBUX CCJ DATA
WYNN ....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is following buying momentum, which is building UP going into year end. We are on our way to more new all time highs, as we are on auto pilot in this bull TAPE. Use RSI for trading & booking profit for better risk / reward. Many strong stocks are @ very attractive prices, so swapping out of fully valued into undervalued is a profitable strategy. Tonight IBD is changing its market outlook in a very confusing definition " uptrend resumes under pressure" whatever that means.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2082.17, high 2086.73, low 2079.77
RSI @ 61.16
CMF @ 0.001
Internals were :
UP volume led by 2.39 to 1 in NYSE & .84 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 265 in NYSE & 117 in Nasdaq
VIX Down 2.95% @ 14.80
Oil @ $57.12
Gold @ $1178.00
In my portfolio :
Bought GPRO @ $59.67
Portfolio is AKS BBRY EGO GPRO MU NXPI TSL
Stocks which were UP 1% or more included BBRY GPRO TSL
SWIR JCP QIHU OTEX KORS GOOGL GRPN LULU
LVS CSIQ SU FEYE CIEN SBUX CCJ DATA
WYNN ....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is following buying momentum, which is building UP going into year end. We are on our way to more new all time highs, as we are on auto pilot in this bull TAPE. Use RSI for trading & booking profit for better risk / reward. Many strong stocks are @ very attractive prices, so swapping out of fully valued into undervalued is a profitable strategy. Tonight IBD is changing its market outlook in a very confusing definition " uptrend resumes under pressure" whatever that means.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Dow & S&P 500 are @ new all time highs & @ high of the day, while Nasdaq taking a breather.
S&P 500 @ 2084.96, high 2085.61, low 2079.77
Internals are positive
Oil UP $1.64
Gold Down $3.70
Canadian $ UP 3 tick @ 83.78
VIX Down 4.66% @ 14.54
In my portfolio :
Sold LULU @ $55.05
Portfolio AKS BBRY EGO MU NXPI TSL
Most stocks are UP
@ 2.34 following are red :
NXPI LEN YY TWTR YHOO LNKD BIDU TSLA
PCLN BABA FB WUBA CMG WB SPWR
ARUN CRUS SNDK AMCC PANW
GMCR TRLA Z TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2084.96, high 2085.61, low 2079.77
Internals are positive
Oil UP $1.64
Gold Down $3.70
Canadian $ UP 3 tick @ 83.78
VIX Down 4.66% @ 14.54
In my portfolio :
Sold LULU @ $55.05
Portfolio AKS BBRY EGO MU NXPI TSL
Most stocks are UP
@ 2.34 following are red :
NXPI LEN YY TWTR YHOO LNKD BIDU TSLA
PCLN BABA FB WUBA CMG WB SPWR
ARUN CRUS SNDK AMCC PANW
GMCR TRLA Z TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 22, 2014
Indices closed UP .3% to .87%....NICE !!!!
Indices closed @ high of the day in slow pre-holiday trade.
S&P 500 @ 2078.54, high 2078.76, low 2069.28
RSI @ 60.44
CMF @ 0.042
Internals were :
UP volume led by 1.31 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 1.41 to 1 in NYSE & 1.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 96 in Nasdaq
VIX Down 7.52% @ 15.25
Oil @ $55.26
Gold @ $1179.80
Stocks which were UP 1% or more included BBRY NXPI TSL
SWIR TWTR EXPE TSLA PCLN GOOGL AAPL FB
COH CSIQ AMZN CMG YUM SPWR CRUS
SNDK BRCM AMCC LSCC PANW M
GMCR SBUX TRIP......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE has continued on its upward trajectory, S&P 500 closed @ new all time high. Indices are all set to further advance and make series of new highs. It is important to play the strength of this bull TAPE. Do not try to pick bottom in oil as it looks very shaky after falling so much, more pain to come as it will take time to stabilize. Position your portfolio with strong stocks as many are hitting all time highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.54, high 2078.76, low 2069.28
RSI @ 60.44
CMF @ 0.042
Internals were :
UP volume led by 1.31 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 1.41 to 1 in NYSE & 1.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 96 in Nasdaq
VIX Down 7.52% @ 15.25
Oil @ $55.26
Gold @ $1179.80
Stocks which were UP 1% or more included BBRY NXPI TSL
SWIR TWTR EXPE TSLA PCLN GOOGL AAPL FB
COH CSIQ AMZN CMG YUM SPWR CRUS
SNDK BRCM AMCC LSCC PANW M
GMCR SBUX TRIP......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE has continued on its upward trajectory, S&P 500 closed @ new all time high. Indices are all set to further advance and make series of new highs. It is important to play the strength of this bull TAPE. Do not try to pick bottom in oil as it looks very shaky after falling so much, more pain to come as it will take time to stabilize. Position your portfolio with strong stocks as many are hitting all time highs.
BLOG does NOT give buy or sell.
Saleem
Indices UP .13% to .57%...NICE !!!!
Indices are UP and near high of the day & in the process to make another new all time highs.
S&P 500 @ 2073.53, high 2074.36, low 2069.28
Internals are mixed
Oil Down $1.78
Gold Down $16.10
Canadian $ Down 40 tick @ 83.61
VIX Down 4.00% @ 15.83
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 1.43 following are red :
AKS EGO JCP QIHU GG YY YELP LNKD KORS
BABA WUBA LVS JKS SINA SU WB FSLR
NFLX SPLK X STLD ABX SLW AEM
CCJ DATA CSOD MS TRLA Z
WYNN AGU MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2073.53, high 2074.36, low 2069.28
Internals are mixed
Oil Down $1.78
Gold Down $16.10
Canadian $ Down 40 tick @ 83.61
VIX Down 4.00% @ 15.83
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 1.43 following are red :
AKS EGO JCP QIHU GG YY YELP LNKD KORS
BABA WUBA LVS JKS SINA SU WB FSLR
NFLX SPLK X STLD ABX SLW AEM
CCJ DATA CSOD MS TRLA Z
WYNN AGU MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 21, 2014
S&P 500 moved UP 5.34% in 3 days....what next ?
Last 10 trading days have been the most confusing for many traders, first we went down, down & down for 7 trading days then in last 3 trading days we recouped everything we lost in previous 7 trading days.
A move UP of 105.29 points or 5.34% in S&P 500 says a lot about the nature of this TAPE, we have done this kind of action after every selling.
Bulls are 49.5% & bears are 14.9%
It is hard to analyze this TAPE with bull / bear ratio as they have not gone extreme in a long time, bears are stuck in the mud for 14 area for a very long time.....some historical stat or indicator has not made any sense in this recovery since 2009.......
Only technical indicator which has worked in short term movement has been my ever reliable RSI. It is highly recommended to understand and follow RSI for traders.
I have a strong feeling based on RSI of 58.91, that we may heading to series of new highs in all indices......
IF that is going to happen, then it is wise to stay with your long position and increase exposure.
TAPE has been difficult, but IF you have been stubborn like a Taurus which is me, then long exposure has worked out for the most part. One thing i always know, that market is extremely difficult or impossible to predict.
It is extremely important to give conviction a big focus. Why buy something IF you are not going to show conviction. Peter Lynch taught all of us to buy what you know very well and stick with it.
Fed is supporting this market in a big way as US economy still has lag in employment.
India could be the biggest beneficiary of weak oil prices as their foreign exchange reserve will grow as imported oil cost way less, this will free more money for boosting economy as Indian consumer is benefiting with lower petrol prices. Indian stock market should boom.
China is heading towards 7% GDP growth which is lowest in a long time, thus many challenges ahead for growth in their stocks & market.
Europe may be on the verge of positive economic picture after five years of contraction.
US by far, is the best idea in profit growth in many sectors.
2015 is going to be another strong year in US market.
Look @ your strategy for 2015, critique your mistakes of 2014 and do not repeat bad strategy or thesis, otherwise, you are going to lag markets in 2015.
Good luck for 2015, as we have only 4 trading days left in 2014.
BLOG does NOT give buy or sell.
Saleem
A move UP of 105.29 points or 5.34% in S&P 500 says a lot about the nature of this TAPE, we have done this kind of action after every selling.
Bulls are 49.5% & bears are 14.9%
It is hard to analyze this TAPE with bull / bear ratio as they have not gone extreme in a long time, bears are stuck in the mud for 14 area for a very long time.....some historical stat or indicator has not made any sense in this recovery since 2009.......
Only technical indicator which has worked in short term movement has been my ever reliable RSI. It is highly recommended to understand and follow RSI for traders.
I have a strong feeling based on RSI of 58.91, that we may heading to series of new highs in all indices......
IF that is going to happen, then it is wise to stay with your long position and increase exposure.
TAPE has been difficult, but IF you have been stubborn like a Taurus which is me, then long exposure has worked out for the most part. One thing i always know, that market is extremely difficult or impossible to predict.
It is extremely important to give conviction a big focus. Why buy something IF you are not going to show conviction. Peter Lynch taught all of us to buy what you know very well and stick with it.
Fed is supporting this market in a big way as US economy still has lag in employment.
India could be the biggest beneficiary of weak oil prices as their foreign exchange reserve will grow as imported oil cost way less, this will free more money for boosting economy as Indian consumer is benefiting with lower petrol prices. Indian stock market should boom.
China is heading towards 7% GDP growth which is lowest in a long time, thus many challenges ahead for growth in their stocks & market.
Europe may be on the verge of positive economic picture after five years of contraction.
US by far, is the best idea in profit growth in many sectors.
2015 is going to be another strong year in US market.
Look @ your strategy for 2015, critique your mistakes of 2014 and do not repeat bad strategy or thesis, otherwise, you are going to lag markets in 2015.
Good luck for 2015, as we have only 4 trading days left in 2014.
BLOG does NOT give buy or sell.
Saleem
Friday, December 19, 2014
Indices closed UP .15% to .46%...NICE !!!!
Indices closed UP and close this week as the 2nd best week in last 2 years, that came right after worst week in 3 years.
S&P 500 @ 2070.65, high 2077.85, low 2061.03
RSI @ 58.91
CMF @ -0.005
Internals were :
UP volume led by 1.95 to 1 in NYSE & 1.44 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 191 in NYSE & 76 in Nasdaq
VIX Down 1.90% @ 16.49
Oil @ $57.13
Gold @ $1196.00
Canadian $ 84.01
Stocks which were UP 1% or more included AKS TSL
OTEX YY YELP LNKD BIDU GOOGL GRPN
FB WUBA LVS JKS CSIQ SINA SU WB
FEYE HIMX ARUN AMCC LSCC
NFLX SPLK STLD CCJ MS Z
TRLA WYNN MLNX......
Here is my weighting :
LULU 27.46%
EGO 22.32%
BBRY 13.22%
MU 12.66%
NXPI 11.24%
TSL 7.15%
AKS 5.95%
Exposure 192%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.65, high 2077.85, low 2061.03
RSI @ 58.91
CMF @ -0.005
Internals were :
UP volume led by 1.95 to 1 in NYSE & 1.44 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 191 in NYSE & 76 in Nasdaq
VIX Down 1.90% @ 16.49
Oil @ $57.13
Gold @ $1196.00
Canadian $ 84.01
Stocks which were UP 1% or more included AKS TSL
OTEX YY YELP LNKD BIDU GOOGL GRPN
FB WUBA LVS JKS CSIQ SINA SU WB
FEYE HIMX ARUN AMCC LSCC
NFLX SPLK STLD CCJ MS Z
TRLA WYNN MLNX......
Here is my weighting :
LULU 27.46%
EGO 22.32%
BBRY 13.22%
MU 12.66%
NXPI 11.24%
TSL 7.15%
AKS 5.95%
Exposure 192%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, December 18, 2014
Indices closed UP 2.24% to 2.43%....NICE !!!!
Indices closed @ absolute high of the day, fast & furious short covering was the catalyst today.
S&P 500 @ 2061.23, low 2018.98
RSI @ 57.06
CMF @ 0.018
Internals were :
UP volume led by 8.64 to 1 in NYSE & 5.49 to 1 in Nasdaq
Advancing stocks led by 4.30 to 1 in NYSE & 3.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 170 in NYSE & 94 in Nasdaq
VIX Down 13.53% @ 16.81
Oil @ $54.11
Gold @ $1194.80
Canadian $ @ 84.25
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Stocks which were UP 3% or more included AKS EGO NXPI
QIHU GG YY TWTR LNKD BIDU TSLA GRPN FB
SWIR LVS WB FEYE FSLR SPWR YNDX C
AMCC LSCC CIEN FNSR SPLK ABX
AEM CCJ DATA CSOD MS GS
WYNN TRIP......
AH ER NKE Down 2.89%, PIR UP 8.06%, RHT UP 10.85%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
BBRY Reports before open, expectations are :
Q3 Sales $935.66 Million, EPS Loss of 5 cents
Q4 Guidance Sales $926.62 Million, EPS Loss of 6 cents
I expect a beat & guide UP.......
About market, TAPE gave a lot of trouble to shorts today, who had no choice but to cover in a hurry, i do not believe that short covering is over. We may have another strong close on Friday. We have only 5 trading days left in the year, which may create more opportunities for stronger stocks, chase strength NOT weakness.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2061.23, low 2018.98
RSI @ 57.06
CMF @ 0.018
Internals were :
UP volume led by 8.64 to 1 in NYSE & 5.49 to 1 in Nasdaq
Advancing stocks led by 4.30 to 1 in NYSE & 3.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 170 in NYSE & 94 in Nasdaq
VIX Down 13.53% @ 16.81
Oil @ $54.11
Gold @ $1194.80
Canadian $ @ 84.25
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Stocks which were UP 3% or more included AKS EGO NXPI
QIHU GG YY TWTR LNKD BIDU TSLA GRPN FB
SWIR LVS WB FEYE FSLR SPWR YNDX C
AMCC LSCC CIEN FNSR SPLK ABX
AEM CCJ DATA CSOD MS GS
WYNN TRIP......
AH ER NKE Down 2.89%, PIR UP 8.06%, RHT UP 10.85%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
BBRY Reports before open, expectations are :
Q3 Sales $935.66 Million, EPS Loss of 5 cents
Q4 Guidance Sales $926.62 Million, EPS Loss of 6 cents
I expect a beat & guide UP.......
About market, TAPE gave a lot of trouble to shorts today, who had no choice but to cover in a hurry, i do not believe that short covering is over. We may have another strong close on Friday. We have only 5 trading days left in the year, which may create more opportunities for stronger stocks, chase strength NOT weakness.
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 17, 2014
Indices closed UP 1.69% to 2.12%....NICE !!!!
Indices closed near high of the day on Fed interest rate policy stance.
S&P 500 @ 2012.89, high 2016.75, low 1973.77
RSI @ 45.34
CMF @ -0.025
Internals were :
UP volume led by 17.59 to 1 in NYSE & 10.85 to 1 in Nasdaq
Advancing stocks led by 7.90 to 1 in NYSE & 3.99 to 1 in Nasdaq
Net new 52 wk lows were leading by 36 in NYSE & 38 in Nasdaq
VIX Down 17.52% @ 19.44
Oil @ $56.47
Gold $1194.50
Stocks which were UP 2% or more included
AKS BBRY EGO MU NXPI
LEN JCP QIHU GG YY YELP
YHOO TSLA PCLN AAPL GRPN
OWW BABA COH DNKN CMG SU
YUM MA V FEYE FSLR SPWR YNDX
SNDK AMCC CIEN FNSR C NFLX PANW
SPLK MCD X STLD ABX SLW AEM CCJ DATA
CSOD MS AGU......
AH ER JBL UP 5.58%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong after Fed gave a clear signal that they will take time in hiking interest rate. All indices are above 50 DMA which is a very good thing. UP volume was the strongest in many years, which is telling us that that many traders, institutions were buying in a hurry. We may have seen the low for this slump and are all set to go higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2012.89, high 2016.75, low 1973.77
RSI @ 45.34
CMF @ -0.025
Internals were :
UP volume led by 17.59 to 1 in NYSE & 10.85 to 1 in Nasdaq
Advancing stocks led by 7.90 to 1 in NYSE & 3.99 to 1 in Nasdaq
Net new 52 wk lows were leading by 36 in NYSE & 38 in Nasdaq
VIX Down 17.52% @ 19.44
Oil @ $56.47
Gold $1194.50
Stocks which were UP 2% or more included
AKS BBRY EGO MU NXPI
LEN JCP QIHU GG YY YELP
YHOO TSLA PCLN AAPL GRPN
OWW BABA COH DNKN CMG SU
YUM MA V FEYE FSLR SPWR YNDX
SNDK AMCC CIEN FNSR C NFLX PANW
SPLK MCD X STLD ABX SLW AEM CCJ DATA
CSOD MS AGU......
AH ER JBL UP 5.58%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong after Fed gave a clear signal that they will take time in hiking interest rate. All indices are above 50 DMA which is a very good thing. UP volume was the strongest in many years, which is telling us that that many traders, institutions were buying in a hurry. We may have seen the low for this slump and are all set to go higher.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.26% to 1.55%....NICE !!!!
Fed came to rescue of this market by maintaining "considerable amount of time" and new insert, that they will be "patient" in raising interest rates......we are looking @ major UP move in the markets by close.
S&P 500 @ 2001.68, high 2012.47, low 1973.77
Internals are positive by minimum 4 to 1
Oil UP 28 cents
Gold UP $3.00
Canadian $ UP 2 tick @ 83 .77
VIX Down 10.78% @ 21.03
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 2.47 following are red :
TSL SWIR KORS LVS JKS CSIQ EBAY WB
CRUS WLT TRLA Z WYNN .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2001.68, high 2012.47, low 1973.77
Internals are positive by minimum 4 to 1
Oil UP 28 cents
Gold UP $3.00
Canadian $ UP 2 tick @ 83 .77
VIX Down 10.78% @ 21.03
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 2.47 following are red :
TSL SWIR KORS LVS JKS CSIQ EBAY WB
CRUS WLT TRLA Z WYNN .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 16, 2014
Indices closed down .65% to 1.24%....
Indices closed @ low of the day due to currency weakness in Russia.
S&P 500 @ 1972.74, low 1972.56, high 2016.89
RSI @ 30.78
CMF @ -0.058
Internals were :
Down volume led by 1.30 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new 52 wk lows were leading by 399 in NYSE & 184 in Nasdaq
VIX UP 15.43% @ 23.57
Oil @ $55.93
Gold @ $1194.30
Stocks closing green included AKS BBRY EGO NXPI
SWIR BABA SU EBAY SPWR GMCR MCD X
CSOD MGA AGU....
AH ER DRI UP 2.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was very erratic went DOWN then way UP then way DOWN. All indices are below 50 DMA and made lower lows. Technically we are looking text book bad, BUT we are awfully close to big time support through RSI...RSI 30 has been a magnet to make a move UP. Many technicians look @ below 30 as absolute buying opportunity. Fed should realize the gravity and impact of weak Russian currency & for a change show some leadership to assist in dealing with worldwide weakness. I expect Fed statement & conference call to "stay the course & verbage to support markets"
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1972.74, low 1972.56, high 2016.89
RSI @ 30.78
CMF @ -0.058
Internals were :
Down volume led by 1.30 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new 52 wk lows were leading by 399 in NYSE & 184 in Nasdaq
VIX UP 15.43% @ 23.57
Oil @ $55.93
Gold @ $1194.30
Stocks closing green included AKS BBRY EGO NXPI
SWIR BABA SU EBAY SPWR GMCR MCD X
CSOD MGA AGU....
AH ER DRI UP 2.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was very erratic went DOWN then way UP then way DOWN. All indices are below 50 DMA and made lower lows. Technically we are looking text book bad, BUT we are awfully close to big time support through RSI...RSI 30 has been a magnet to make a move UP. Many technicians look @ below 30 as absolute buying opportunity. Fed should realize the gravity and impact of weak Russian currency & for a change show some leadership to assist in dealing with worldwide weakness. I expect Fed statement & conference call to "stay the course & verbage to support markets"
BLOG does NOT give buy or sell.
Saleem
Indices UP .42% to .93%...NICE !!!!
TAPE is making more than a V bottom and is sharply higher off lows.
S&P 500 @ 2006.37, high 2016.89, low 1976.45
Internals are positive by 2 to 1
Oil Down 14 cents
Gold Down $9.80
Canadian $ UP 36 tick @ 83.36
VIX UP 1.08% @ 20.64
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 12.49 following are red :
LULU TSL QIHU YY OTEX YELP TWTR TSLA
PCLN GOOGL FB WUBA LVS AMZN CMG
YUM WB FEYE YNDX ARUN NFLX
PANW M SBUX STLD DATA Z
TRLA WYNN MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2006.37, high 2016.89, low 1976.45
Internals are positive by 2 to 1
Oil Down 14 cents
Gold Down $9.80
Canadian $ UP 36 tick @ 83.36
VIX UP 1.08% @ 20.64
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 12.49 following are red :
LULU TSL QIHU YY OTEX YELP TWTR TSLA
PCLN GOOGL FB WUBA LVS AMZN CMG
YUM WB FEYE YNDX ARUN NFLX
PANW M SBUX STLD DATA Z
TRLA WYNN MLNX....
BLOG does NOT give buy or sell.
Saleem
Monday, December 15, 2014
Indices closed down .58% to 1.04%.....
Indices were UP then closed down, every indices breached 50 DMA except Nasdaq.
S&P 500 @ 1989.63, low 1982.26, high 2018.69
RSI @ 34.36
CMF @ 0.033
Internals were :
Down volume led by 4.31 to 1 in NYSE & 3.24 to 1 in Nasdaq
Declining stocks led by 3.17 to 1 in NYSE & 2.43 to 1 in Nasdaq
Net new 52 wk lows were leading by 330 in NYSE & 170 in Nasdaq
VIX Down 3.13% @ 20.42
Oil @ $55.91
Gold @ $1207.70
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, tonight IBD has changed its market outlook to "market in correction". Chinese HSBC flash PMI came in @ 49.5% which is first contraction in 7 months. Russia has hiked its interest rake to 17%, all the three events plus Oil continued decline seems like we are going down hard @ open, in my estimation we may have seen the lows already or are very close to "turning UP". It is important to keep an eye on RSI which is my most reliable indicator for a "turn in market". I am expecting a strong close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1989.63, low 1982.26, high 2018.69
RSI @ 34.36
CMF @ 0.033
Internals were :
Down volume led by 4.31 to 1 in NYSE & 3.24 to 1 in Nasdaq
Declining stocks led by 3.17 to 1 in NYSE & 2.43 to 1 in Nasdaq
Net new 52 wk lows were leading by 330 in NYSE & 170 in Nasdaq
VIX Down 3.13% @ 20.42
Oil @ $55.91
Gold @ $1207.70
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, tonight IBD has changed its market outlook to "market in correction". Chinese HSBC flash PMI came in @ 49.5% which is first contraction in 7 months. Russia has hiked its interest rake to 17%, all the three events plus Oil continued decline seems like we are going down hard @ open, in my estimation we may have seen the lows already or are very close to "turning UP". It is important to keep an eye on RSI which is my most reliable indicator for a "turn in market". I am expecting a strong close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
Indices down .16% to .55%....
TAPE is giving a "classic buying opportunity of a lifetime"...when S&P 500 & Dow go below 50 DMA and Nasdaq does not, then it is a classic pattern of Nasdaq giving you a buy buy signal..always follow the strength not weakness.....
S&P 500 @ 1993.53, low 1982.28, high 2018.69
Internals are negative by 2 to 1
Oil Down $2.06
Gold Down $20.50
Canadian $ Down 68 tick @ 84.51
VIX Down 1.14% @ 20.84..sign of topping out...
In my portfolio :
Added 150% MU @ $33.30
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are down
@ 2.48 following are green :
LULU AKS SWIR OTEX YELP TWTR EXPE KORS
BABA RVBD SINA MA V SPWR CRUS BRCM
FNSR PANW M DATA MGA TRLA MLNX
Z......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1993.53, low 1982.28, high 2018.69
Internals are negative by 2 to 1
Oil Down $2.06
Gold Down $20.50
Canadian $ Down 68 tick @ 84.51
VIX Down 1.14% @ 20.84..sign of topping out...
In my portfolio :
Added 150% MU @ $33.30
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are down
@ 2.48 following are green :
LULU AKS SWIR OTEX YELP TWTR EXPE KORS
BABA RVBD SINA MA V SPWR CRUS BRCM
FNSR PANW M DATA MGA TRLA MLNX
Z......
BLOG does NOT give buy or sell.
Saleem
Sunday, December 14, 2014
We are deeply oversold and near support.......
RSI @ 37.39 is very close to major support which is above 30, any dip here will become "buy of this season"
It is interesting to note that, indices closed @ absolute low of the day on Friday BUT VIX closed @ 21.08, well below its high of the day @ 23.06.....
IF we dip below 50 DMA then its buy buy buy........S&P 500 is barely above by 2 points.....
Oil @ 6 year low which is reflecting Saudi politics against US shale producers, there is a possibility of major bankruptcies as cost in North America is anywhere from $60 to $70 per barrel.......
Chinese economy has decelerated again to 7.3% in GDP, they are planning for 7% in 2015, so more pain for many commodities......
BUT...the only bright spot is World's biggest economy USA, which is humming along @ a fast clip.
Do not be surprised, IF Fed statement on Wednesday, may indicate a shift in interest rate outlook for an increase in first half of 2015.
SO....IF you factor collapse in Oil prices, Chinese slowdown, European economic mess, indices have made a quick adjustment to be near support.
SO..be ready for buying quality stocks and show conviction, many stocks are ready to jump back UP like AAPL, SWIR,MU, NXPI,QIHU,YY,TRLA,LNKD,KORS,FB,TWTR to name a few.......
Do NOT look in rear view, always plan ahead to profit.....
We may be staring @ the-best buying opportunity of 2014......
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
It is interesting to note that, indices closed @ absolute low of the day on Friday BUT VIX closed @ 21.08, well below its high of the day @ 23.06.....
IF we dip below 50 DMA then its buy buy buy........S&P 500 is barely above by 2 points.....
Oil @ 6 year low which is reflecting Saudi politics against US shale producers, there is a possibility of major bankruptcies as cost in North America is anywhere from $60 to $70 per barrel.......
Chinese economy has decelerated again to 7.3% in GDP, they are planning for 7% in 2015, so more pain for many commodities......
BUT...the only bright spot is World's biggest economy USA, which is humming along @ a fast clip.
Do not be surprised, IF Fed statement on Wednesday, may indicate a shift in interest rate outlook for an increase in first half of 2015.
SO....IF you factor collapse in Oil prices, Chinese slowdown, European economic mess, indices have made a quick adjustment to be near support.
SO..be ready for buying quality stocks and show conviction, many stocks are ready to jump back UP like AAPL, SWIR,MU, NXPI,QIHU,YY,TRLA,LNKD,KORS,FB,TWTR to name a few.......
Do NOT look in rear view, always plan ahead to profit.....
We may be staring @ the-best buying opportunity of 2014......
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
Friday, December 12, 2014
Indices closed down 1.16% to 1.79%...
Oil tumble is taking stock market with it. Indices closed @ low of the day.
S&P 500 @ 2002.33, high 2032.25
RSI @ 37.39
CMF @ 0.084
Internals were :
Down volume led by 5.96 to 1 in NYSE & 3.04 to 1 in Nasdaq
Declining stocks led by 3.80 to 1 in NYSE & 2.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 307 in NYSE & 125 in Nasdaq
VIX UP 4.98% @ 21.08
Oil @ $57.81
Gold @ $1222.50
Canadian $ @ 84.19
Stocks which were UP 1% or more included LULU
JCP TWTR LNKD WUBA COH SINA DNKN
YUM WB YNDX ZNGA M....
Here is my weighting :
LULU 30.17%
EGO 25.22
BBRY 14.41%
NXPI 11.97%
TSL 7.18%
MU 5.55%
AKS 5.50%
Exposure 190%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2002.33, high 2032.25
RSI @ 37.39
CMF @ 0.084
Internals were :
Down volume led by 5.96 to 1 in NYSE & 3.04 to 1 in Nasdaq
Declining stocks led by 3.80 to 1 in NYSE & 2.48 to 1 in Nasdaq
Net new 52 wk lows were leading by 307 in NYSE & 125 in Nasdaq
VIX UP 4.98% @ 21.08
Oil @ $57.81
Gold @ $1222.50
Canadian $ @ 84.19
Stocks which were UP 1% or more included LULU
JCP TWTR LNKD WUBA COH SINA DNKN
YUM WB YNDX ZNGA M....
Here is my weighting :
LULU 30.17%
EGO 25.22
BBRY 14.41%
NXPI 11.97%
TSL 7.18%
MU 5.55%
AKS 5.50%
Exposure 190%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, December 11, 2014
Indices closed UP .36% to .52%....NICE !!!!
Indices closed near low of the day on oil weakening again.
S&P 500 @ 2035.33, high 2055.53, low 2027.92
RSI @ 47.51
CMF @ 0.151
Internals were :
UP volume led by 1.31 to 1 in NYSE & 2.25 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk lows were leading by 114 in NYSE & 13 in Nasdaq
VIX UP 8.36% @ 20.08
Oil @ $59.95
Gold @ $1225.60
Stocks which were UP 1% or more included LULU TSL
SWIR QIHU YY YHOO LNKD BIDU KORS GRPN
BABA FB WUBA COH LVS CSIQ EBAY YUM
MA ARUN LSCC CIEN FNSR PANW M
GMCR MCD DATA WLT TRLA Z
WYNN MLNX.....
AH ER ADBE UP 8.12%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE tried to stage a strong oversold bounce but due to oil below psychological $60 became a weak oversold bounce by close. Close was discouraging, but these things must not overrule good strategy. Oil direction is unknown @ the moment which is affecting big loans in that sector & GDP impact. Patience is a requirement for dealing with day to day emotional swings in the market, market is trying to discount oil impact on world economy. Stay engaged in good quality stocks with your own research & conviction.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2035.33, high 2055.53, low 2027.92
RSI @ 47.51
CMF @ 0.151
Internals were :
UP volume led by 1.31 to 1 in NYSE & 2.25 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk lows were leading by 114 in NYSE & 13 in Nasdaq
VIX UP 8.36% @ 20.08
Oil @ $59.95
Gold @ $1225.60
Stocks which were UP 1% or more included LULU TSL
SWIR QIHU YY YHOO LNKD BIDU KORS GRPN
BABA FB WUBA COH LVS CSIQ EBAY YUM
MA ARUN LSCC CIEN FNSR PANW M
GMCR MCD DATA WLT TRLA Z
WYNN MLNX.....
AH ER ADBE UP 8.12%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE tried to stage a strong oversold bounce but due to oil below psychological $60 became a weak oversold bounce by close. Close was discouraging, but these things must not overrule good strategy. Oil direction is unknown @ the moment which is affecting big loans in that sector & GDP impact. Patience is a requirement for dealing with day to day emotional swings in the market, market is trying to discount oil impact on world economy. Stay engaged in good quality stocks with your own research & conviction.
BLOG does NOT give buy or sell.
Saleem
Indices UP .69% to .95%....NICE !!!!
Indices are staging an oversold bounce on good retail data.
S&P 500 @ 2042.28, high 2055.53, low 2027.92
Internals are positive by 2 to 1
Oil Down 85 cents..new 5 year low
Gold Down 70 cents
Canadian $ Down 62 tick @ 84.57..new 5 year low
VIX Down 3.67% @ 17.85, low today 15.94
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 2.43 PM following are red :
EGO GG OWW JKS WB FEYE SPWR YNDX
CRUS ZNGA SNDK AMCC SPLK STLD
X ABX SLW AEM CCJ AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2042.28, high 2055.53, low 2027.92
Internals are positive by 2 to 1
Oil Down 85 cents..new 5 year low
Gold Down 70 cents
Canadian $ Down 62 tick @ 84.57..new 5 year low
VIX Down 3.67% @ 17.85, low today 15.94
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are UP
@ 2.43 PM following are red :
EGO GG OWW JKS WB FEYE SPWR YNDX
CRUS ZNGA SNDK AMCC SPLK STLD
X ABX SLW AEM CCJ AGU.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 10, 2014
Indices closed down 1.51% to 1.73%.....
Indices faced selling from open and closed near low of the day.
S&P 500 @ 2026.14, low 2024.26, high 2058.86
RSI @ 43.56
CMF @ 0.202
Internals were :
Down volume led by 16.07 to 1 in NYSE & 6.45 to 1 in Nasdaq
Declining stocks led by 4.59 to 1 in NYSE & 4.25 to 1 in Nasdaq
Net new 52 wk low were leading by 153 in NYSE & 24 in Nasdaq
VIX UP 24.45% @ 18.53, high today 18.92
Oil @ $60.94
Gold @ $1229.40
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
LULU reports before open, expectations are :
Q3 Sales $424.68 Million, EPS 38 cents
Guidance Q4 Sales $593.80 Million, EPS 72 cents
January 2015 Sales $1.79 Billion, EPS $1.77
January 2016 Sales $2.04 Billion, EPS $2.03
Report should be a beat for Q3 and guidance for Q4 slightly higher, margin may give optimism going forward.
About market, TAPE cratered to oil price slump and its worldwide negative ramification, GDP of most countries will be impacted as oil taxation brings revenues. This is too sudden and will have negative impact even on boomtown housing. Internals were clobbered as capitulation took hold. I expect TAPE to stabilize here and work its way higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2026.14, low 2024.26, high 2058.86
RSI @ 43.56
CMF @ 0.202
Internals were :
Down volume led by 16.07 to 1 in NYSE & 6.45 to 1 in Nasdaq
Declining stocks led by 4.59 to 1 in NYSE & 4.25 to 1 in Nasdaq
Net new 52 wk low were leading by 153 in NYSE & 24 in Nasdaq
VIX UP 24.45% @ 18.53, high today 18.92
Oil @ $60.94
Gold @ $1229.40
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
LULU reports before open, expectations are :
Q3 Sales $424.68 Million, EPS 38 cents
Guidance Q4 Sales $593.80 Million, EPS 72 cents
January 2015 Sales $1.79 Billion, EPS $1.77
January 2016 Sales $2.04 Billion, EPS $2.03
Report should be a beat for Q3 and guidance for Q4 slightly higher, margin may give optimism going forward.
About market, TAPE cratered to oil price slump and its worldwide negative ramification, GDP of most countries will be impacted as oil taxation brings revenues. This is too sudden and will have negative impact even on boomtown housing. Internals were clobbered as capitulation took hold. I expect TAPE to stabilize here and work its way higher.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.47% to 1.53%....
Oil slump is taking a toll in all indices. Indices are @ low of the day.
S&P 500 @ 2028.25
Internals are negative by minimum 3 to 1
Oil Down $2.78..new 5 year low
Gold Down $3.60
Canadian $ Down 45 tick @ 85.13
VIX UP 25.72% @ 18.72..biggest jump in a long time
In my portfolio :
Bought MU @ $35.17
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are down
@ 3.00 PM following are green :
GMCR
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2028.25
Internals are negative by minimum 3 to 1
Oil Down $2.78..new 5 year low
Gold Down $3.60
Canadian $ Down 45 tick @ 85.13
VIX UP 25.72% @ 18.72..biggest jump in a long time
In my portfolio :
Bought MU @ $35.17
Portfolio AKS BBRY EGO LULU MU NXPI TSL
Most stocks are down
@ 3.00 PM following are green :
GMCR
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 9, 2014
Indices closed mixed......
Indices closed near high of the day erasing most of the down move while Nasdaq closed green.
S&P 500 @ 2059.82, high 2060.60, low 2034.17
RSI @ 58.56
CMF @ 0.280
Internals were :
UP volume led by 1.36 to 1 in NYSE & 1.99 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 2.11 to 1 in Nasdaq
Net new 52 wk lows were leading by 137 in NYSE & 72 in Nasdaq
VIX @ 14.89
Oil @ $63.82
Gold @ $1232.00
Stocks which were UP 2% or more included AKS EGO LULU
SWIR JCP QIHU GG YELP TWTR GRPN OWW BABA
SINA YNDX HIMX ARUN CRUS AMCC LSCC
CIEN JDSU FNSR X ABX SLW AEM DATA
WLT.....
AH ER KKD Down 4.51%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE found support in morning slump and rallied sharply from there, Nasdaq did a "V" bottom and was "super impressive by close. Small caps was the-best performer by jumping 1.79% @ close, so Russell may be the way to go plus Nasdaq. We definitely need a conformation of this rally by Wednesday close or else all technical improvement may go to waste.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2059.82, high 2060.60, low 2034.17
RSI @ 58.56
CMF @ 0.280
Internals were :
UP volume led by 1.36 to 1 in NYSE & 1.99 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 2.11 to 1 in Nasdaq
Net new 52 wk lows were leading by 137 in NYSE & 72 in Nasdaq
VIX @ 14.89
Oil @ $63.82
Gold @ $1232.00
Stocks which were UP 2% or more included AKS EGO LULU
SWIR JCP QIHU GG YELP TWTR GRPN OWW BABA
SINA YNDX HIMX ARUN CRUS AMCC LSCC
CIEN JDSU FNSR X ABX SLW AEM DATA
WLT.....
AH ER KKD Down 4.51%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE found support in morning slump and rallied sharply from there, Nasdaq did a "V" bottom and was "super impressive by close. Small caps was the-best performer by jumping 1.79% @ close, so Russell may be the way to go plus Nasdaq. We definitely need a conformation of this rally by Wednesday close or else all technical improvement may go to waste.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices were down due to Chinese clampdown on use of corporate bonds as short term financing for stocks, this resulted in 5.31% slump in Shanghai exchange. US stocks are fighting back as indices may have found short term support & is near high of the day, Nasdaq is green already.
S&P 500 @ 2055.57, low 2034.17, high 2057.60
Internals are positive all over....very good sign for equities.
Oil UP 38 cents
Gold UP $37.00.....highest level in a month
Canadian $ UP 45 tick @ 85.67
VIX UP 7.25% @ 15.24, high today 16.68
Portfolio AKS BBRY EGO LULU NXPI TSL
Most stocks are UP
@ 2.35 following are red :
BBRY TSL MU PCLN KORS FB WUBA LVS
JKS CMG YUM WB FEYE SNDK BRCM
C M SPLK SBUX MCD MS TRLA Z
WYNN GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2055.57, low 2034.17, high 2057.60
Internals are positive all over....very good sign for equities.
Oil UP 38 cents
Gold UP $37.00.....highest level in a month
Canadian $ UP 45 tick @ 85.67
VIX UP 7.25% @ 15.24, high today 16.68
Portfolio AKS BBRY EGO LULU NXPI TSL
Most stocks are UP
@ 2.35 following are red :
BBRY TSL MU PCLN KORS FB WUBA LVS
JKS CMG YUM WB FEYE SNDK BRCM
C M SPLK SBUX MCD MS TRLA Z
WYNN GS.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 8, 2014
Indices closed down .59% to .84%.....
Indices closed lower near low of the day.
S&P 500 @ 2060.31, low 2054.27, high 2075.78
RSI @ 58.83
CMF @ 0.314
Internals were :
Down volume led by 3.55 to 1 in NYSE & 3.21 to 1 in Nasdaq
Declining stocks led by 2.38 to 1 in NYSE & 2.84 to 1 in Nasdaq
Net new 52 wk lows were leading by 68 in NYSE & 32 in Nasdaq
VIX UP 20.22% @ 14.21
Oil @ $63.05
Gold @ $1194.90
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is under selling pressure, as below expectations data from China & Japan put new fear about worldwide economic health. Internals of the market took a big hit and it seems we are far from even stabilizing @ this stage. All you can do is either react to weakness which may persist by reducing exposure or take advantage of buying strong stocks on weakness.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2060.31, low 2054.27, high 2075.78
RSI @ 58.83
CMF @ 0.314
Internals were :
Down volume led by 3.55 to 1 in NYSE & 3.21 to 1 in Nasdaq
Declining stocks led by 2.38 to 1 in NYSE & 2.84 to 1 in Nasdaq
Net new 52 wk lows were leading by 68 in NYSE & 32 in Nasdaq
VIX UP 20.22% @ 14.21
Oil @ $63.05
Gold @ $1194.90
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is under selling pressure, as below expectations data from China & Japan put new fear about worldwide economic health. Internals of the market took a big hit and it seems we are far from even stabilizing @ this stage. All you can do is either react to weakness which may persist by reducing exposure or take advantage of buying strong stocks on weakness.
BLOG does NOT give buy or sell.
Saleem
Indices down .48% to .81%.....
Indices are lower on overbought conditions & ongoing weakness in Chinese economy. Oil @ new 5 year low will disrupt many jobs.
S&P 500 @ 2062.83, low 2054.27, high 2075.78
Internals are negative by 3 to 1
Oil Down $2.79
Gold UP $15.10
Canadian $ Down 29 tick @ 85.67
VIX UP 18.61% @ 14.02
Portfolio AKS BBRY EGO LULU NXPI TSL
Most stocks are down
@ 2.45 following are green :
EGO PCLN GOOGL OWW FB EBAY FEYE
CRUS SNDK CIEN C SBUX ABX SLW
AEM V CSOD MS GS MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2062.83, low 2054.27, high 2075.78
Internals are negative by 3 to 1
Oil Down $2.79
Gold UP $15.10
Canadian $ Down 29 tick @ 85.67
VIX UP 18.61% @ 14.02
Portfolio AKS BBRY EGO LULU NXPI TSL
Most stocks are down
@ 2.45 following are green :
EGO PCLN GOOGL OWW FB EBAY FEYE
CRUS SNDK CIEN C SBUX ABX SLW
AEM V CSOD MS GS MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 7, 2014
Are we ready for a pullback again ?
TAPE has been struggling lately, not as clearcut as before. Dow & S&P 500 @ all time high but Nasdaq and Russell are not ?
VIX is near 52 wk low which is not healthy for the market.
Bulls are @ historic high, which is a tell tale of complacency and sign of imminent pullback.
SOX has gone wild, the most healthy of all indicators.....could this be the sign of a top ?
S&P 500 @ 2075.37.......2100 has to wait......
It is important to know "when to hold & when to fold"
I am expecting "volatility" to take hold
Look @ your "risk / reward"....it may not be all that good....
It may be a time to buy put on "runaway stocks".....there are many, look @ 52 wk high list...
Couple of weeks may be "troublesome" for TAPE
Ensure that you can withstand fast pullback......
Stay in not so hot stocks, but hot hot hot one needs to be sold or put bought to protect your gains.
I expect Gold & Oil stocks to be back from dead.....
Contrary play may work out OK.....
Some technicians are pointing out 2nd week of December as the best week, i will use that to sell some of my position & buy laggard.....
All in all , there is less than 3 weeks left in this year trading, use this time to lock gains and be ready for 2015 portfolio.
By end of December, we may have a much better buying opportunity.
Good luck with your own strategy.
BLOG does NOT give buy or sell.
Saleem
VIX is near 52 wk low which is not healthy for the market.
Bulls are @ historic high, which is a tell tale of complacency and sign of imminent pullback.
SOX has gone wild, the most healthy of all indicators.....could this be the sign of a top ?
S&P 500 @ 2075.37.......2100 has to wait......
It is important to know "when to hold & when to fold"
I am expecting "volatility" to take hold
Look @ your "risk / reward"....it may not be all that good....
It may be a time to buy put on "runaway stocks".....there are many, look @ 52 wk high list...
Couple of weeks may be "troublesome" for TAPE
Ensure that you can withstand fast pullback......
Stay in not so hot stocks, but hot hot hot one needs to be sold or put bought to protect your gains.
I expect Gold & Oil stocks to be back from dead.....
Contrary play may work out OK.....
Some technicians are pointing out 2nd week of December as the best week, i will use that to sell some of my position & buy laggard.....
All in all , there is less than 3 weeks left in this year trading, use this time to lock gains and be ready for 2015 portfolio.
By end of December, we may have a much better buying opportunity.
Good luck with your own strategy.
BLOG does NOT give buy or sell.
Saleem
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