Indices faced another selling bout and closed @ low of the day. US GDP came in below expectations @ 2.6%.
S&P 500 @ 1994.99, low 1993.38, high 2023.32
RSI @ 41.78
CMF @ -0.005
Internals were :
Down volume led by 2.99 to 1 in NYSE & 3.58 to 1 in Nasdaq
Declining stocks led by 2.12 to 1 in NYSE & 2.86 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & lows by 54 in Nasdaq
Oil @ $48.24
Gold @ $1279.20
Canadian $ @ 72.77 @ 6 yr low, Canadian GDP shrank by .2%,
Stocks which closed green included AKS TSL
GG OTEX TWTR YHOO LNKD GOOGL
JKS CSIQ AMZN DNKN SU MA V
FEYE CRUS BRCM X ABX
AEM CNQ SLW AGU.....
Here is my weighting :
MU 33.51%
EGO 21.30%
BBRY 14.94%
GPRO 14.24%
TSL 8.89%
AKS 7.12%
Exposure 208%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Friday, January 30, 2015
Thursday, January 29, 2015
Indices closed UP .95% to 1.31%...NICE !!!!
Indices found support and made a spirited move UP to close near high of the day.
S&P 500 @ 2021.25, high 2024.64, low 1989.18
RSI @ 46.78
CMF @ 0.024
Internals were :
UP volume led by 1.60 to 1 in NYSE & 2.30 to 1 in Nasdaq
Advancing stocks led by 2.10 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk highs were leading by 66 in NYSE & lows by 67 in Nasdaq
VIX Down 8.22% @ 18.76
Oil @ $44.53
Gold @ $1255.90
Stocks which were UP 1% or more included BBRY MU TSL
SWIR LEN OTEX LNKD TSLA PCLN KORS AAPL
GRPN FB LULU COH AMZN DNKN YUM
FFIV LSCC C PANW SBUX MCD
DATA MS GS AGU MLNX....
AH ER V UP 4.6%, AMZN UP 12.24%, JDSU Down 4.79%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE showed strength on oversold conditions, Internals improved. Earnings reaction are positive despite misses, this may be the result of stocks being washed out & ready to move UP. TAPE may move further UP. Stay involved, there is alway's surprise on the UP side when downside is so sure, welcome to Wall Street.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2021.25, high 2024.64, low 1989.18
RSI @ 46.78
CMF @ 0.024
Internals were :
UP volume led by 1.60 to 1 in NYSE & 2.30 to 1 in Nasdaq
Advancing stocks led by 2.10 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk highs were leading by 66 in NYSE & lows by 67 in Nasdaq
VIX Down 8.22% @ 18.76
Oil @ $44.53
Gold @ $1255.90
Stocks which were UP 1% or more included BBRY MU TSL
SWIR LEN OTEX LNKD TSLA PCLN KORS AAPL
GRPN FB LULU COH AMZN DNKN YUM
FFIV LSCC C PANW SBUX MCD
DATA MS GS AGU MLNX....
AH ER V UP 4.6%, AMZN UP 12.24%, JDSU Down 4.79%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE showed strength on oversold conditions, Internals improved. Earnings reaction are positive despite misses, this may be the result of stocks being washed out & ready to move UP. TAPE may move further UP. Stay involved, there is alway's surprise on the UP side when downside is so sure, welcome to Wall Street.
BLOG does NOT give buy or sell.
Saleem
Indices UP .38% to .62%...NICE !!!!!
TAPE is staging an oversold bounce and is near high of the day.
S&P 500 @ 2011.22, high 2013.66, low 1989.18
Internals are positive by 50%+
Oil Down 38 cents..6 year low
Gold Down $29.40
Canadian $ Down 84 tick @ 73.82..6 year low
VIX Down 3.57% @ 19.71
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are UP
@ 2.28 following are red:
AKS EGO GPRO QIHU GG YELP YHOO TWTR
YY GOOGL BABA BIDU LVS JKS SU FEYE
FSLR SPWR CSIQ HIMX CRUS SNDK
FNSR JDSU GMCR X STLD ABX
SLW CCJ WYNN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2011.22, high 2013.66, low 1989.18
Internals are positive by 50%+
Oil Down 38 cents..6 year low
Gold Down $29.40
Canadian $ Down 84 tick @ 73.82..6 year low
VIX Down 3.57% @ 19.71
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are UP
@ 2.28 following are red:
AKS EGO GPRO QIHU GG YELP YHOO TWTR
YY GOOGL BABA BIDU LVS JKS SU FEYE
FSLR SPWR CSIQ HIMX CRUS SNDK
FNSR JDSU GMCR X STLD ABX
SLW CCJ WYNN.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 28, 2015
Indices closed down .93% to 1.35%.....
Indices closed @ low of the day.
S&P 500 @ 2002.16, low 2001.49, high 2042.49
RSI @ 42.10
CMF @ -0.045
Internals were :
Down volume led by 9.91 to 1 in NYSE & 3.15 to 1 in Nasdaq
Declining stocks led by 2.78 to 1 in NYSE & 3.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 228 in NYSE & 3 in Nasdaq
VIX UP 18.70% @ 20.44
Oil @ $44.45..new 6 year low.....
Gold @ $1285.90
AH ER ..FB Down 1.82%, QCOM Down 8.27%
LVS UP 3.18%, MLNX UP 10.65%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, tonight IBD is changing its market outlook to "market under pressure"..Fed stay the course approach did not match the sentiment of traders and dumping began, TAPE was under relentless selling until close. Fed may have to change their tune through their governors on speaking circuit. Fed should have paid more attention to rest of the world as USA is not an island. I think, TAPE should recover on Thursday as we are "deeply oversold again"....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2002.16, low 2001.49, high 2042.49
RSI @ 42.10
CMF @ -0.045
Internals were :
Down volume led by 9.91 to 1 in NYSE & 3.15 to 1 in Nasdaq
Declining stocks led by 2.78 to 1 in NYSE & 3.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 228 in NYSE & 3 in Nasdaq
VIX UP 18.70% @ 20.44
Oil @ $44.45..new 6 year low.....
Gold @ $1285.90
AH ER ..FB Down 1.82%, QCOM Down 8.27%
LVS UP 3.18%, MLNX UP 10.65%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, tonight IBD is changing its market outlook to "market under pressure"..Fed stay the course approach did not match the sentiment of traders and dumping began, TAPE was under relentless selling until close. Fed may have to change their tune through their governors on speaking circuit. Fed should have paid more attention to rest of the world as USA is not an island. I think, TAPE should recover on Thursday as we are "deeply oversold again"....
BLOG does NOT give buy or sell.
Saleem
Indices mixed...
Fed upbeat about US economy, world issues do not matter.
S&P 500 @ 2024.80, low 2017.71, high 2042.49
Internals are negative by 2 to 1
Oil Down $1.71..new low
Gold Down $7.80
Canadian $ Down 1.07 @ 74.94..new 6 year low
VIX UP 6.33% @ 18.31
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are down
@ 3.05 following are green :
GPRO YY LNKD FB AAPL NXPI WUBA FFIV YUM
HIMX CRUS CIEN X STLD CSOD MGA MLNX...
BLOG does NOT give buy or sell.
PS...hackers are disturbing my PC for two days, thus late post.
Saleem
S&P 500 @ 2024.80, low 2017.71, high 2042.49
Internals are negative by 2 to 1
Oil Down $1.71..new low
Gold Down $7.80
Canadian $ Down 1.07 @ 74.94..new 6 year low
VIX UP 6.33% @ 18.31
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are down
@ 3.05 following are green :
GPRO YY LNKD FB AAPL NXPI WUBA FFIV YUM
HIMX CRUS CIEN X STLD CSOD MGA MLNX...
BLOG does NOT give buy or sell.
PS...hackers are disturbing my PC for two days, thus late post.
Saleem
Tuesday, January 27, 2015
Indices closed down 1.34% to 1.89%......
Weak earnings took a toll on market, indices closed well above low of the day.
S&P 500 @ 2029.55, low 2019.91, high 2047.86
RSI @ 47.69
CMF @ 0.022
Internals were :
Down volume led by 1.83 to 1 in NYSE & 2.76 to 1 in Nasdaq
Declining stocks led by 1.30 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 231 in NYSE & 11 in Nasdaq
VIX UP 10.95% @ 17.22
Oil @ $46.23
Gold @ $1291.70
AH ER..STLD UP 5.83%, AAPL UP 5.64%, YHOO UP 6.77%
OTEX Down 4.35%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold Down
About market, TAPE was under major selling pressure as institutions are in selling mode. AAPL earning may give support to tech stocks, it is important to see IF Dow & S&P 500 can muster a green close. 2015 continues to be a very choppy year, January effect is being felt by many on the downside. Fed should come through for the bulls around 2.15 PM and expecting a robust close. Keep an eye on emerging sector like steel which had back to back two good earnings report from AKS & STLD.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2029.55, low 2019.91, high 2047.86
RSI @ 47.69
CMF @ 0.022
Internals were :
Down volume led by 1.83 to 1 in NYSE & 2.76 to 1 in Nasdaq
Declining stocks led by 1.30 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 231 in NYSE & 11 in Nasdaq
VIX UP 10.95% @ 17.22
Oil @ $46.23
Gold @ $1291.70
AH ER..STLD UP 5.83%, AAPL UP 5.64%, YHOO UP 6.77%
OTEX Down 4.35%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold Down
About market, TAPE was under major selling pressure as institutions are in selling mode. AAPL earning may give support to tech stocks, it is important to see IF Dow & S&P 500 can muster a green close. 2015 continues to be a very choppy year, January effect is being felt by many on the downside. Fed should come through for the bulls around 2.15 PM and expecting a robust close. Keep an eye on emerging sector like steel which had back to back two good earnings report from AKS & STLD.
BLOG does NOT give buy or sell.
Saleem
Indices are down .78% to 1.13%.....
Higher US$ impact on multinational is impacting earnings and is taking a toll in market. Indices are fighting back and have recouped about 50% of losses.
S&P 500 @ 2041.30, low 2019.91, high 2047.86
Internals are negative by about 40%
Oil UP $1.33
Gold UP $13.10
Canadian $ UP 86 tick @ 76.14
VIX UP 8.05% @ 16.77
Portfolio AKS BBRY EGO GPRO MU TSL
AKS reported before open, its earnings were better than expected, selling majority of its product to US Auto manufacturers.
Most stocks are down
@ 2.38 following are green :
AKS BBRY EGO GPRO TSL BITA GG OTEX
TSLA KORS LULU LVS JKS CSIQ CMG
SU LSCC FNSR NFLX SBUX X STLD
ABX SLW AEM CCJ MGA CNQ
AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2041.30, low 2019.91, high 2047.86
Internals are negative by about 40%
Oil UP $1.33
Gold UP $13.10
Canadian $ UP 86 tick @ 76.14
VIX UP 8.05% @ 16.77
Portfolio AKS BBRY EGO GPRO MU TSL
AKS reported before open, its earnings were better than expected, selling majority of its product to US Auto manufacturers.
Most stocks are down
@ 2.38 following are green :
AKS BBRY EGO GPRO TSL BITA GG OTEX
TSLA KORS LULU LVS JKS CSIQ CMG
SU LSCC FNSR NFLX SBUX X STLD
ABX SLW AEM CCJ MGA CNQ
AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Monday, January 26, 2015
Indices closed UP .03% to .29%....NICE !!!!
Indices fought back from earlier losses and closed @ high of the day.
S&P 500 @ 2057.09, high 2057.62, low 2040.97
RSI @ 54.45
CMF @ 0.040
Internals were :
UP volume led by 2.46 to 1 in NYSE & 1.98 to 1 in Nasdaq
Advancing stocks led by 2.23 to 1 in NYSE & 1.77 to 1 in Nasdaq
Net new 52 wk highs were leading by 203 in NYSE & 28 in Nasdaq
VIX Down 6.84% @ 15.52
Oil @ $45.15
Gold @ $1279.40
Stocks which were UP 1% or more included AKS TSL
LEN JCP TWTR YHOO TSLA LVS JKS CSIQ
CMG FEYE FSLR SPWR HIMX CRUS
AMCC JDSU NFLX MCD X STLD
ABX SLW DATA CSOD WYNN...
AH ER MSFT Down 4.3%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is looking healthy with all internals in positive territory. Indices may indulge in Fed announcement speculation and may mark time until Wednesday, a rest day may not be bad to regroup and charge ahead on Wednesday. Today's close is encouraging for bulls. This market has defied many skeptics and is looking ahead to new highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2057.09, high 2057.62, low 2040.97
RSI @ 54.45
CMF @ 0.040
Internals were :
UP volume led by 2.46 to 1 in NYSE & 1.98 to 1 in Nasdaq
Advancing stocks led by 2.23 to 1 in NYSE & 1.77 to 1 in Nasdaq
Net new 52 wk highs were leading by 203 in NYSE & 28 in Nasdaq
VIX Down 6.84% @ 15.52
Oil @ $45.15
Gold @ $1279.40
Stocks which were UP 1% or more included AKS TSL
LEN JCP TWTR YHOO TSLA LVS JKS CSIQ
CMG FEYE FSLR SPWR HIMX CRUS
AMCC JDSU NFLX MCD X STLD
ABX SLW DATA CSOD WYNN...
AH ER MSFT Down 4.3%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is looking healthy with all internals in positive territory. Indices may indulge in Fed announcement speculation and may mark time until Wednesday, a rest day may not be bad to regroup and charge ahead on Wednesday. Today's close is encouraging for bulls. This market has defied many skeptics and is looking ahead to new highs.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
TAPE is struggling with good news and bad news. Greece election brings uncertainty and oil is UP after making new low earlier.
S&P 500 @ 2054.37, high 2057.58, low 2040.97
Internals are positive by almost 2 to 1
Oil UP 9 cents
Gold Down $13.60
Canadian $ Down 27 tick @ 75.55
VIX Down 4.92% @ 15.84
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are UP
@ 2.22 following are red :
BBRY EGO GPRO MU BITA GG YY LNKD BIDU GOOGL
FB NXPI WUBA COH AMZN EXPE SU EBAY FFIV
MA V YNDX GRPN CIEN FNSR SPLK SBUX
AEM MGA MS CNQ TRLA Z TRIP MLNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2054.37, high 2057.58, low 2040.97
Internals are positive by almost 2 to 1
Oil UP 9 cents
Gold Down $13.60
Canadian $ Down 27 tick @ 75.55
VIX Down 4.92% @ 15.84
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are UP
@ 2.22 following are red :
BBRY EGO GPRO MU BITA GG YY LNKD BIDU GOOGL
FB NXPI WUBA COH AMZN EXPE SU EBAY FFIV
MA V YNDX GRPN CIEN FNSR SPLK SBUX
AEM MGA MS CNQ TRLA Z TRIP MLNX...
BLOG does NOT give buy or sell.
Saleem
Sunday, January 25, 2015
Indices may move higher this week.......
Indices are looking much healthier thanks to ECB moves and upcoming Fed meeting.
Fed is expected to give bullish tone based on worldwide issues due to slumping oil & commodities .
Central banks are dealing with issues related to oil in their economies.
Oil has been a mixed blessing, producing countries are hurting and consumers are beneficiary.
S&P 500 sitting @ 2051.82, all time high @ 2093.55, 42 points away, in good week that could be the move.
Many leading tech stocks have started their move NXPI, AAPL GOOG AMZN all looking good....important earnings this week is MSFT Monday, AAPL Tuesday, FB Wednesday, GOOG Thursday.....may set the tone for this week tech action.
January effect has been neutral so far, but coming week may produce fireworks to light up this market.
Dow is the only index which closed below 50 DMA on Friday.
Gold is looking much healthier as it traded above $1300, but it has pulled back from that level due to technical selling, but not too far off that magic $1300....
Oil has no backers @ this stage, it is setting again to take out its lows based on bearish sentiment.
Currencies are in total disarray except US$, this trend may continue.
SO...this week is all earnings action plus Fed statement, both may give positive surprise to market.
Keep your exposure @ your comfort level in a diversified mode, this way your portfolio may gain overall.
BLOG does NOT give buy or sell.
Saleem
Fed is expected to give bullish tone based on worldwide issues due to slumping oil & commodities .
Central banks are dealing with issues related to oil in their economies.
Oil has been a mixed blessing, producing countries are hurting and consumers are beneficiary.
S&P 500 sitting @ 2051.82, all time high @ 2093.55, 42 points away, in good week that could be the move.
Many leading tech stocks have started their move NXPI, AAPL GOOG AMZN all looking good....important earnings this week is MSFT Monday, AAPL Tuesday, FB Wednesday, GOOG Thursday.....may set the tone for this week tech action.
January effect has been neutral so far, but coming week may produce fireworks to light up this market.
Dow is the only index which closed below 50 DMA on Friday.
Gold is looking much healthier as it traded above $1300, but it has pulled back from that level due to technical selling, but not too far off that magic $1300....
Oil has no backers @ this stage, it is setting again to take out its lows based on bearish sentiment.
Currencies are in total disarray except US$, this trend may continue.
SO...this week is all earnings action plus Fed statement, both may give positive surprise to market.
Keep your exposure @ your comfort level in a diversified mode, this way your portfolio may gain overall.
BLOG does NOT give buy or sell.
Saleem
Friday, January 23, 2015
Indices closed mixed....
Indices closed @ low of the day on profit taking.
S&P 500 @ 2051.82, low 2050.54, high 2062.98
RSI @ 53.27
CMF @ -0.025
Internals were :
Down volume led by 2.05 to 1 in NYSE & .79 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs led by 265 in NYSE & 34 in Nasdaq
VIX UP 1.59% @ 16.66
Oil @ $45.59
Gold @ $1292.60
Canadian $ @ 75.65
Stocks which were UP 1% or more included BBRY GPRO
QIHU YY LNKD BIDU LULU NXPI WUBA CSIQ
DNKN EXPE FFIV GOOG FEYE FSLR CIEN
JDSU FNSR NFLX PANW SPLK SBUX
CSOD TRLA Z......
Here is my weighting :
MU 33.03%
EGO 23.56%
BBRY 14.69%
GPRO 14.01%
TSL 7.68%
AKS 7.03%
Exposure 208%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2051.82, low 2050.54, high 2062.98
RSI @ 53.27
CMF @ -0.025
Internals were :
Down volume led by 2.05 to 1 in NYSE & .79 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs led by 265 in NYSE & 34 in Nasdaq
VIX UP 1.59% @ 16.66
Oil @ $45.59
Gold @ $1292.60
Canadian $ @ 75.65
Stocks which were UP 1% or more included BBRY GPRO
QIHU YY LNKD BIDU LULU NXPI WUBA CSIQ
DNKN EXPE FFIV GOOG FEYE FSLR CIEN
JDSU FNSR NFLX PANW SPLK SBUX
CSOD TRLA Z......
Here is my weighting :
MU 33.03%
EGO 23.56%
BBRY 14.69%
GPRO 14.01%
TSL 7.68%
AKS 7.03%
Exposure 208%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, January 22, 2015
Indices closed UP 1.48% to 1.78%....NICE !!!!
Indices closed @ high of the day on ECB bond buying program.
S&P 500 @ 2063.15, high 2064.62, low 2026.38
RSI @ 56.17
CMF @ 0.002
Internals were :
UP volume led by 4.75 to 1 in NYSE & 4.26 to 1 in Nasdaq
Advancing stocks led by 3.70 to 1 in NYSE & 2.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & lows by 14 in Nasdaq
VIX Down 13.00% @ 16.40
Oil @ $46.31
Gold @ $1300.70
Stocks which were UP 3% or more included AKS BBRY
JCP TWTR GOOGL GRPN AMZN EBAY YUM
YNDX HIMX C STLD WYNN AGU......
AH ER SBUX UP 4.54%, ISRG Down 2.36%, KLAC Down 5.55%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was in overdrive in 2nd half after being red, Central banks have a huge problem of growing GDP everywhere except USA. Oil shock is filtering through and currency collapse continues except in USA. You can now see why USA has to be the investment market of choice. US equities are looking strong after climbing above 50 DMA. Rotation is going on in every sector, so stay diversified and not be impacted by temporary setbacks, they are bound to happen in any portfolio. Friday should be green by close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2063.15, high 2064.62, low 2026.38
RSI @ 56.17
CMF @ 0.002
Internals were :
UP volume led by 4.75 to 1 in NYSE & 4.26 to 1 in Nasdaq
Advancing stocks led by 3.70 to 1 in NYSE & 2.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & lows by 14 in Nasdaq
VIX Down 13.00% @ 16.40
Oil @ $46.31
Gold @ $1300.70
Stocks which were UP 3% or more included AKS BBRY
JCP TWTR GOOGL GRPN AMZN EBAY YUM
YNDX HIMX C STLD WYNN AGU......
AH ER SBUX UP 4.54%, ISRG Down 2.36%, KLAC Down 5.55%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was in overdrive in 2nd half after being red, Central banks have a huge problem of growing GDP everywhere except USA. Oil shock is filtering through and currency collapse continues except in USA. You can now see why USA has to be the investment market of choice. US equities are looking strong after climbing above 50 DMA. Rotation is going on in every sector, so stay diversified and not be impacted by temporary setbacks, they are bound to happen in any portfolio. Friday should be green by close.
BLOG does NOT give buy or sell.
Saleem
Indices UP .84% to .95%....NICE !!!!
ECB came in @ $1.3 trillion or $70 Billion a month bond buying spree starting in March 2015, this is giving a lift to worldwide markets, US indices are @ high of the day.
S&P 500 @ 2051.93, high 2052.06, low 2026.38
Internals are positive by minimum 2 to 1
Oil Down $1.46
Gold UP $8.30 @ $1302.00
Canadian $ Down 55 tick @ 76.04
VIX Down 10.13% @ 16.94
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are UP
@ 2.21 following are red :
GPRO BITA SWIR PCLN NXPI WUBA CSIQ FFIV
FEYE SNDK BRCM PANW GMCR SPLK
MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2051.93, high 2052.06, low 2026.38
Internals are positive by minimum 2 to 1
Oil Down $1.46
Gold UP $8.30 @ $1302.00
Canadian $ Down 55 tick @ 76.04
VIX Down 10.13% @ 16.94
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are UP
@ 2.21 following are red :
GPRO BITA SWIR PCLN NXPI WUBA CSIQ FFIV
FEYE SNDK BRCM PANW GMCR SPLK
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 21, 2015
Indices closed UP .22% to .47%....NICE !!!!
Indices fought back to close near top end of the range, ECB leaks zig zagged this TAPE until close.
S&P 500 @ 2032.12, high 2038.29, low 2012.04
RSI @ 49.14
CMF @ -0.010
Internals were :
UP volume led by 2.77 to 1 in NYSE & 1.22 to 1 in Nasdaq
Advancing stocks led by 1.75 to 1 in NYSE & .72 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & lows by 45 in Nasdaq
VIX Down 5.23% @ 18.85
Oil @ $47.78
Gold @ $1293.70
Stocks which were UP 2% or more included GPRO MU
LEN YY YELP LNKD BIDU TSLA PCLN KORS
GOOGL BABA WUBA AMZN SU FEYE X
FSLR SPWR HIMX CRUS SNDK CIEN
FNSR NFLX GMCR COH CNQ.....
AH ER ..EBAY UP 3.2%, XLNX Down 6.53%
SNDK Down 7.07%, FFIV Down 15.24%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, its all about ECB format of bond buying which is in focus. TAPE has been sluggish with internals still challenged after 3 day's of UP moves. This TAPE is extremely lethargic and is not very convincing, trade with a sense of urgency to book profit or it may be @ risk. Tech earnings are extremely challenged as seen above. Have low expectations from this TAPE and it may get difficult in a hurry.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2032.12, high 2038.29, low 2012.04
RSI @ 49.14
CMF @ -0.010
Internals were :
UP volume led by 2.77 to 1 in NYSE & 1.22 to 1 in Nasdaq
Advancing stocks led by 1.75 to 1 in NYSE & .72 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & lows by 45 in Nasdaq
VIX Down 5.23% @ 18.85
Oil @ $47.78
Gold @ $1293.70
Stocks which were UP 2% or more included GPRO MU
LEN YY YELP LNKD BIDU TSLA PCLN KORS
GOOGL BABA WUBA AMZN SU FEYE X
FSLR SPWR HIMX CRUS SNDK CIEN
FNSR NFLX GMCR COH CNQ.....
AH ER ..EBAY UP 3.2%, XLNX Down 6.53%
SNDK Down 7.07%, FFIV Down 15.24%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, its all about ECB format of bond buying which is in focus. TAPE has been sluggish with internals still challenged after 3 day's of UP moves. This TAPE is extremely lethargic and is not very convincing, trade with a sense of urgency to book profit or it may be @ risk. Tech earnings are extremely challenged as seen above. Have low expectations from this TAPE and it may get difficult in a hurry.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are on both sides of flat, not sure about its moves. ECB bond buying program details have been leaked ahead of Thursday's announcement, but it seems, this news is already discounted.
S&P 500 @ 2026.92, high 2038.29, low 2012.04
Internals are mixed
Oil UP 97 cents
Gold Down $1.40
Canadian $ Down 2.44 cents @ 76.45, Canadian Central Bank cuts interest by .25% to .75% to compensates for household debts and oil shock to Canadian economy, also lowered GDP numbers for this and next year.
VIX Down 1.65% @ 19.65
In my portfolio :
Sold NXPI @ $80.00
Portfolio AKS BBRY EGO GPRO MU TSL
EGO lowered Gold production estimates to 640,000 to 700,000 oz for 2015 and all in cost are higher to $960 to $995 per oz vs $780 in 2014. Many analyst cut their ratings, but price target remained @ $10.00 as it remains profitable...huge volume selling today DOWN 18.78%...
Most stocks are higher
@ 2.35 following are red :
BBRY EGO SWIR JCP OTEX GRPN LULU
CMG EBAY MA SBUX MCD SLW AEM
DATA MGA MS TRLA Z AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2026.92, high 2038.29, low 2012.04
Internals are mixed
Oil UP 97 cents
Gold Down $1.40
Canadian $ Down 2.44 cents @ 76.45, Canadian Central Bank cuts interest by .25% to .75% to compensates for household debts and oil shock to Canadian economy, also lowered GDP numbers for this and next year.
VIX Down 1.65% @ 19.65
In my portfolio :
Sold NXPI @ $80.00
Portfolio AKS BBRY EGO GPRO MU TSL
EGO lowered Gold production estimates to 640,000 to 700,000 oz for 2015 and all in cost are higher to $960 to $995 per oz vs $780 in 2014. Many analyst cut their ratings, but price target remained @ $10.00 as it remains profitable...huge volume selling today DOWN 18.78%...
Most stocks are higher
@ 2.35 following are red :
BBRY EGO SWIR JCP OTEX GRPN LULU
CMG EBAY MA SBUX MCD SLW AEM
DATA MGA MS TRLA Z AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 20, 2015
Indices closed UP .02% to .44%...NICE !!!!
Indices fought off selling and closed green.
S&P 500 @ 2022.55, high 2028.94, low 2004.49
RSI @ 46.69
CMF @ -0.026
Internals were :
Down volume led by 1.48 to 1 in NYSE & .91 to 1 in Nasdaq
Declining stocks led by 1.56 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & lows by 34 in Nasdaq
VIX Down 5.06% @ 19.89
Oil @ $46.39
Gold @ $1294.20....looking strong
AH ER..IBM Down 1.85%, CREE UP 7.11%, NFLX UP 15.90%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continues to churn UP, DOWN then UP again, this implies market is very nervous about many things, there is Oil plus Central Banks trying to steer this market. TAPE staying below 50 DMA is not a good thing, we need to go above 50 DMA and stay above for days to give confidence to traders. Currencies have taken a toll and big players are scrambling to either cover from equities or liquidating equity to stay afloat. Rallies are being sold and barely green close is not building confidence. Wednesday may be challenging in markets in anticipation of QE from ECB, it may fell short of expectations, Gold is a very good hedge in this uncertain markets.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2022.55, high 2028.94, low 2004.49
RSI @ 46.69
CMF @ -0.026
Internals were :
Down volume led by 1.48 to 1 in NYSE & .91 to 1 in Nasdaq
Declining stocks led by 1.56 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & lows by 34 in Nasdaq
VIX Down 5.06% @ 19.89
Oil @ $46.39
Gold @ $1294.20....looking strong
AH ER..IBM Down 1.85%, CREE UP 7.11%, NFLX UP 15.90%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continues to churn UP, DOWN then UP again, this implies market is very nervous about many things, there is Oil plus Central Banks trying to steer this market. TAPE staying below 50 DMA is not a good thing, we need to go above 50 DMA and stay above for days to give confidence to traders. Currencies have taken a toll and big players are scrambling to either cover from equities or liquidating equity to stay afloat. Rallies are being sold and barely green close is not building confidence. Wednesday may be challenging in markets in anticipation of QE from ECB, it may fell short of expectations, Gold is a very good hedge in this uncertain markets.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed as oil dips again but off its lows. Chinese GDP number was lowest in 24 years. ECB bond buying is widely known and may be discounted already.
S&P 500 @ 2014.92, low 2004.49, high 2028.94
Internals are negative.
Oil Down $2.29
Gold UP $13.00
Canadian $ Down 1.49 cent @ 79.14, lowest level in nearly 6 years....as GDP estimates are being revised lower by IMF and will be confirmed by Central Bank tomorrow.
VIX Down 3.15% @ 20.29
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.33 following are green :
EGO GPRO MU NXPI GG YY TWTR YHOO PCLN
GGOGL AAPL FB BABA V FEYE CRUS BRCM
JDSU OTEX NFLX GMCR SBUX ABX SLW
AEM CSOD MGA AGU TRIP.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2014.92, low 2004.49, high 2028.94
Internals are negative.
Oil Down $2.29
Gold UP $13.00
Canadian $ Down 1.49 cent @ 79.14, lowest level in nearly 6 years....as GDP estimates are being revised lower by IMF and will be confirmed by Central Bank tomorrow.
VIX Down 3.15% @ 20.29
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.33 following are green :
EGO GPRO MU NXPI GG YY TWTR YHOO PCLN
GGOGL AAPL FB BABA V FEYE CRUS BRCM
JDSU OTEX NFLX GMCR SBUX ABX SLW
AEM CSOD MGA AGU TRIP.......
BLOG does NOT give buy or sell.
Saleem
Sunday, January 18, 2015
Sell the strength and buy the weakness.......
2015 TAPE has been extremely weak so far.
Friday close gives us hope for a follow through rally, but that rally may not last long....
Oil is in driver seat now, if its higher we rally, if lower we go down in a hurry......
Russell 2000 is looking extremely weak struggling with 200 DMA and may lead us lower, so keep an eye on RUT as it may be the leading indicator after oil..
SO..what is wrong with this market ?
It is all about Oil as a leading indicator for sluggish world economic picture as it stands now, many layoff are happening in Canada and in Texas, Texas is extremely vulnerable as is Alberta in Canada.
Volatility has spiked up in many sectors, be it US$, Swiss Franc or Euro.....something is simmering in the background.....
The only beneficiary is Gold, it is becoming a safe haven bet for all the craziness which is happening around the world.
There are many blowups in currency trading FXCM is not the only one, many hedge funds are taking on the chin with Stocks, Currency and with their exposure to many risky bets.
SO....beside Gold, look for stocks which are showing relative strength in this crazy TAPE, some of them are NXPI, LULU,PANW to name a few
Another strategy could be to buy beaten down stocks with 30 RSI, this group is swelling in ranks on a daily basis MU, AKS, GPRO ......
SO..its not clear cut in terms of direction or price movement, it has become a two day TAPE both in UP move or Down move.....
Earnings may not be any help as they are all guiding down which may escalate downtrend......
Caution is the buzzword for 2015 US market.......
Do not rely on your own interpretation of this TAPE, follow the money is the best way to minimize losses or making some headway this year.
Good luck with a shortened week in US, world markets are open including Canada on Monday.
BLOG does NOT give buy or sell.
Saleem
Friday close gives us hope for a follow through rally, but that rally may not last long....
Oil is in driver seat now, if its higher we rally, if lower we go down in a hurry......
Russell 2000 is looking extremely weak struggling with 200 DMA and may lead us lower, so keep an eye on RUT as it may be the leading indicator after oil..
SO..what is wrong with this market ?
It is all about Oil as a leading indicator for sluggish world economic picture as it stands now, many layoff are happening in Canada and in Texas, Texas is extremely vulnerable as is Alberta in Canada.
Volatility has spiked up in many sectors, be it US$, Swiss Franc or Euro.....something is simmering in the background.....
The only beneficiary is Gold, it is becoming a safe haven bet for all the craziness which is happening around the world.
There are many blowups in currency trading FXCM is not the only one, many hedge funds are taking on the chin with Stocks, Currency and with their exposure to many risky bets.
SO....beside Gold, look for stocks which are showing relative strength in this crazy TAPE, some of them are NXPI, LULU,PANW to name a few
Another strategy could be to buy beaten down stocks with 30 RSI, this group is swelling in ranks on a daily basis MU, AKS, GPRO ......
SO..its not clear cut in terms of direction or price movement, it has become a two day TAPE both in UP move or Down move.....
Earnings may not be any help as they are all guiding down which may escalate downtrend......
Caution is the buzzword for 2015 US market.......
Do not rely on your own interpretation of this TAPE, follow the money is the best way to minimize losses or making some headway this year.
Good luck with a shortened week in US, world markets are open including Canada on Monday.
BLOG does NOT give buy or sell.
Saleem
Friday, January 16, 2015
indices closed UP 1.10% to 1.39%...NICE !!!!
Indices finally found support or may be "triple support " and rallied & closed near high of the day. Consumer sentiment helped, oil helped & deeply oversold condition helped.
S&P 500 @ 2019.42, high 2020.46, low 1988.12
RSI @ 45.90
CMF @ 0.011
Internals were :
UP volume led by 7.64 to 1 in NYSE & 4.09 to 1 in Nasdaq
Advancing stocks led by 4.33 to 1 in NYSE & 3.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 152 in NYSE & lows by 65 in Nasdaq
VIX Down 6.43% @ 20.95
Oil @ $48.69
Gold @ $1276.90
Canadian $ @ 80.17.....5.5 year low
Stocks which were UP 2% or more included AKS EGO TSL
BITA GG YELP SU CNQ AMCC LSCC CIEN FNSR
NFLX PANW SPLK ABX DLW AEM CCJ DATA
CSOD AGU TRIP MLNX......
Here is my weighting :
MU 26.81%
EGO 26.61%
BBRY 12.18%
GPRO 10.98%
NXPI 10.29%
TSL 6.96%
AKS 6.17%
Exposure 219%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2019.42, high 2020.46, low 1988.12
RSI @ 45.90
CMF @ 0.011
Internals were :
UP volume led by 7.64 to 1 in NYSE & 4.09 to 1 in Nasdaq
Advancing stocks led by 4.33 to 1 in NYSE & 3.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 152 in NYSE & lows by 65 in Nasdaq
VIX Down 6.43% @ 20.95
Oil @ $48.69
Gold @ $1276.90
Canadian $ @ 80.17.....5.5 year low
Stocks which were UP 2% or more included AKS EGO TSL
BITA GG YELP SU CNQ AMCC LSCC CIEN FNSR
NFLX PANW SPLK ABX DLW AEM CCJ DATA
CSOD AGU TRIP MLNX......
Here is my weighting :
MU 26.81%
EGO 26.61%
BBRY 12.18%
GPRO 10.98%
NXPI 10.29%
TSL 6.96%
AKS 6.17%
Exposure 219%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, January 15, 2015
Indices closed down .61% to 1.48%.....
Indices reversed course right after open and closed @ low of the day.
S&P 500 @ 1992.67, low 1991.47, high 2021.35
RSI @ 38.68
CMF @ 0.005
Internals were :
Down volume led by 2.43 to 1 in NYSE & 5.85 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 3.61 to 1 in Nasdaq
Net new highs were leading by 68 in NYSE & lows by 98 in Nasdaq
VIX UP 4.24% @ 22.39
Oil @ $46.25
Gold @ $1264.80..highest level since September 2014.
AH ER INTC Down 2.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is under severe selling pressure and is under process of testing 200 DMA in S&P 500 which sits @ 1965.82. The test may come as early as tomorrow and we will enter "extremely oversold level" which may bring either a V bottom or oversold bounce. The only positive way to look @ further selling on Friday, which is monthly Option Expiry, that we are closer to bottom than before. Sometimes, a little patience near bottom is all that is required to benefit from an "imminent upturn".....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1992.67, low 1991.47, high 2021.35
RSI @ 38.68
CMF @ 0.005
Internals were :
Down volume led by 2.43 to 1 in NYSE & 5.85 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 3.61 to 1 in Nasdaq
Net new highs were leading by 68 in NYSE & lows by 98 in Nasdaq
VIX UP 4.24% @ 22.39
Oil @ $46.25
Gold @ $1264.80..highest level since September 2014.
AH ER INTC Down 2.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is under severe selling pressure and is under process of testing 200 DMA in S&P 500 which sits @ 1965.82. The test may come as early as tomorrow and we will enter "extremely oversold level" which may bring either a V bottom or oversold bounce. The only positive way to look @ further selling on Friday, which is monthly Option Expiry, that we are closer to bottom than before. Sometimes, a little patience near bottom is all that is required to benefit from an "imminent upturn".....
BLOG does NOT give buy or sell.
Saleem
Indices down .43% to 1.14%.....
Indices are testing support again, close will tell us IF this test was successful.
S&P 500 @ 1997.69, low 1992.53, high 2021.35
Internals are negative by as much as 3 to 1 in Nasdaq
Oil Down $1.53
Gold UP $25.90
Canadian $ UP 9 tick @ 80.58
VIX UP 5.12% @ 22.58
In my portfolio :
Added 70% AKS @ $3.92
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are red :
@ 2.33 following are green :
EGO GG OTEX TSLA LVS DNKN GOOG NFLX
MCD STLD ABX SLW AEM CNQ AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1997.69, low 1992.53, high 2021.35
Internals are negative by as much as 3 to 1 in Nasdaq
Oil Down $1.53
Gold UP $25.90
Canadian $ UP 9 tick @ 80.58
VIX UP 5.12% @ 22.58
In my portfolio :
Added 70% AKS @ $3.92
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are red :
@ 2.33 following are green :
EGO GG OTEX TSLA LVS DNKN GOOG NFLX
MCD STLD ABX SLW AEM CNQ AGU.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 14, 2015
Indices closed down .48% to 1.06%....
Indices were under selling pressure but close well off their lows.
S&P 500 @ 2011.27, low 1988.44, high 2018.40
RSI @ 42.33
CMF @ -0.001
Internals were :
Down volume led by 1.97 to 1 in NYSE & 2.07 to 1 in Nasdaq
Declining stocks led by 1.52 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk lows were leading by 87 in NYSE & 89 in Nasdaq
VIX UP 4.47% @ 21.48
Oil @ $48.48
Gold @ $1234.50
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE has been on a downward trajectory since start of 2015, today we got oversold and firmed UP by close. This has become a trading or daytrading market. No thesis holds for more than few hours and then selling starts all over. This TAPE is extremely difficult to understand or trade, its too volatile as oil slump has thrown everything in troubling state. IF you remain diversified in high comfort strong stocks, then you may be ahead IF you exercise patience and conviction. Retail Sales slump cannot be ignored as consumers are not sure about the economy they are living in.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2011.27, low 1988.44, high 2018.40
RSI @ 42.33
CMF @ -0.001
Internals were :
Down volume led by 1.97 to 1 in NYSE & 2.07 to 1 in Nasdaq
Declining stocks led by 1.52 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk lows were leading by 87 in NYSE & 89 in Nasdaq
VIX UP 4.47% @ 21.48
Oil @ $48.48
Gold @ $1234.50
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE has been on a downward trajectory since start of 2015, today we got oversold and firmed UP by close. This has become a trading or daytrading market. No thesis holds for more than few hours and then selling starts all over. This TAPE is extremely difficult to understand or trade, its too volatile as oil slump has thrown everything in troubling state. IF you remain diversified in high comfort strong stocks, then you may be ahead IF you exercise patience and conviction. Retail Sales slump cannot be ignored as consumers are not sure about the economy they are living in.
BLOG does NOT give buy or sell.
Saleem
Indices down .95% to 1.63%......
Indices are down sharply and below recent low, Fed minutes shows concern about oil slump on economy especially Texas. Indices are coming back after Fed minutes and being deeply oversold and in buy territory.
S&P 500 @ 2001.15, low 1988.44, high 2018.40
Internals are negative by 3 to 1
Oil UP 45 cents
Gold UP 40 cents
Canadian $ Down 23 tick @ 80.22
VIX UP 9.92% @ 22.60
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.19 following are green :
GPRO QIHU TWTR JCP GOOGL FB WUBA
YNDX HIMX CRUS NFLX PANW CNQ
TRLA......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2001.15, low 1988.44, high 2018.40
Internals are negative by 3 to 1
Oil UP 45 cents
Gold UP 40 cents
Canadian $ Down 23 tick @ 80.22
VIX UP 9.92% @ 22.60
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.19 following are green :
GPRO QIHU TWTR JCP GOOGL FB WUBA
YNDX HIMX CRUS NFLX PANW CNQ
TRLA......
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 13, 2015
Indices closed down .07% to .26%......
Indices went on a roller coaster ride on no news.
S&P 500 @ 2023.03, low 2008.25, high 2056.93
RSI @ 44.81
CMF @ -0.072
Internals were :
Down volume led by 1.71 to 1 in NYSE & 1.60 to 1 in Nasdaq
Declining stocks led by 1.11 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & by 3 in Nasdaq
VIX UP 4.90% @ 20.56
Oil @ $45.89
Gold @ $1234.40
Stocks which closed green included TSL
OTEX YY TSLA GOOGL AAPL GRPN SU
LULU RVBD LVS CSIQ AMZN DNKN CMG Z
FFIV MA V TWTR SPWR CRUS NFLX SPLK SBUX
CNQ TRLA WYNN TRIP MLNX......
AH News..GME UP 6.5%, TSLA Down 6.00%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Tonight IBD is changing its market outlook to "market under pressure". TAPE was extremely troubling today and does not bode well for near term action. When you cannot plan your day in markets, then it is time to reduce exposure or sit out completely. We do not need any news to jolt this market to make a 400 point round trip and ending in negative. Machines are controlling this TAPE again. We may be looking @ future TAPE now, in terms of negativity from oil decline, that is the only logical answer i have for today's slump. S&P 500 support lies @ 1992.44, then 1972.56 then 1926.03. Be careful with this TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2023.03, low 2008.25, high 2056.93
RSI @ 44.81
CMF @ -0.072
Internals were :
Down volume led by 1.71 to 1 in NYSE & 1.60 to 1 in Nasdaq
Declining stocks led by 1.11 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & by 3 in Nasdaq
VIX UP 4.90% @ 20.56
Oil @ $45.89
Gold @ $1234.40
Stocks which closed green included TSL
OTEX YY TSLA GOOGL AAPL GRPN SU
LULU RVBD LVS CSIQ AMZN DNKN CMG Z
FFIV MA V TWTR SPWR CRUS NFLX SPLK SBUX
CNQ TRLA WYNN TRIP MLNX......
AH News..GME UP 6.5%, TSLA Down 6.00%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Tonight IBD is changing its market outlook to "market under pressure". TAPE was extremely troubling today and does not bode well for near term action. When you cannot plan your day in markets, then it is time to reduce exposure or sit out completely. We do not need any news to jolt this market to make a 400 point round trip and ending in negative. Machines are controlling this TAPE again. We may be looking @ future TAPE now, in terms of negativity from oil decline, that is the only logical answer i have for today's slump. S&P 500 support lies @ 1992.44, then 1972.56 then 1926.03. Be careful with this TAPE.
BLOG does NOT give buy or sell.
Saleem
Monday, January 12, 2015
Indices closed down .54% to .84%....
Indices closed lower on weak oil prices.
S&P 500 @ 2028.26, low 2022.58, high 2049.30
RSI @ 45.92
CMF @ -0.107
Internals were :
Down volume led by 2.17 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 36 in NYSE & lows by 14 in Nasdaq
VIX UP 11.68% @ 19.60
Oil @ $46.07
Gold @ $1232.80
AH ER AA UP 1.36%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is following oil when its sharply lower, all indices are below 50 DMA again where it has stayed in 4 out of 5 days for S&P 500, not a good technical pattern. 2015 is not starting out on good footing, we may slump lower and test support from few days ago. Weakness should be used to evaluate your own stocks performance, some may be near support or oversold, no hasty action needed then.
BLOG does NOT give buy or sell
There will be a closing BLOG only on Tuesday, i am busy with some chores during the day.
Saleem
S&P 500 @ 2028.26, low 2022.58, high 2049.30
RSI @ 45.92
CMF @ -0.107
Internals were :
Down volume led by 2.17 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 36 in NYSE & lows by 14 in Nasdaq
VIX UP 11.68% @ 19.60
Oil @ $46.07
Gold @ $1232.80
AH ER AA UP 1.36%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is following oil when its sharply lower, all indices are below 50 DMA again where it has stayed in 4 out of 5 days for S&P 500, not a good technical pattern. 2015 is not starting out on good footing, we may slump lower and test support from few days ago. Weakness should be used to evaluate your own stocks performance, some may be near support or oversold, no hasty action needed then.
BLOG does NOT give buy or sell
There will be a closing BLOG only on Tuesday, i am busy with some chores during the day.
Saleem
indices down .65% to .94%.....
Oil is dragging down US indices which is @ low of the day.
S&P 500 @ 2025.52, low 2022.58, high 2049.30
Internals are negative by almost 2 to 1
Oil Down $2.00
Gold UP $17.40 highest level in over a month
Canadian $ Down 77 tick @ 80.57..lowest level in almost 6 years
VIX UP 10.83% @ 19.45
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.25 following are green :
EGO NXPI LEN GG JCP LULU KORS COH DNKN
FEYE CRUS FNSR PANW SBUX AEM SLW
ABX Z AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2025.52, low 2022.58, high 2049.30
Internals are negative by almost 2 to 1
Oil Down $2.00
Gold UP $17.40 highest level in over a month
Canadian $ Down 77 tick @ 80.57..lowest level in almost 6 years
VIX UP 10.83% @ 19.45
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.25 following are green :
EGO NXPI LEN GG JCP LULU KORS COH DNKN
FEYE CRUS FNSR PANW SBUX AEM SLW
ABX Z AGU.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 11, 2015
January indicator is positive so far.....
Many are looking at January indicator with great concern, here is the result of first 5 days of January trading in S&P 500 which is the biggest indicator of 500 stocks, the result is :
S&P 500 close Dec 31st, 2014................2058.90
S&P 500 close January 8th, 2015............2062.14
Net gain in 5 trading days of January..........+3.24 points
So far so good for first 5 trading days of January
BUT..now we have to watch, how we end the month of January.......as they say.... as goes January, so goes the year....
2015 will be a tough year as was evident @ the start......first 5 days barely UP & first 6 days we are down as we closed @ 2044.81 down 14.09 points......
BUT 2015 will be a stock pickers dream, buy emerging story and stick with it, gains could be substantial.
Major indices including Russell will zig zag until September, then we move UP sharply from October to March 2016.....which used to be seasonal pattern of strength.....NOT this year......
2015 will dictate a diversified portfolio in many sectors as they will rotate and take turns until September......
Oil may find stability around September also.....
Fed may have increased interest rates by .25% by September also...
Europe may turn UP by September also.....
India & China may see strong GDP growth by September also.....
Until September Gold may rule, with all the uncertainties in the world.
SO.....a crystal ball is looking @ many things in 2015, either you follow some , all or none is based on what makes you comfortable.
We all may need luck in 2015, as dart throwing approach may have come to an end......
BLOG does NOT give buy or sell.
Saleem
S&P 500 close Dec 31st, 2014................2058.90
S&P 500 close January 8th, 2015............2062.14
Net gain in 5 trading days of January..........+3.24 points
So far so good for first 5 trading days of January
BUT..now we have to watch, how we end the month of January.......as they say.... as goes January, so goes the year....
2015 will be a tough year as was evident @ the start......first 5 days barely UP & first 6 days we are down as we closed @ 2044.81 down 14.09 points......
BUT 2015 will be a stock pickers dream, buy emerging story and stick with it, gains could be substantial.
Major indices including Russell will zig zag until September, then we move UP sharply from October to March 2016.....which used to be seasonal pattern of strength.....NOT this year......
2015 will dictate a diversified portfolio in many sectors as they will rotate and take turns until September......
Oil may find stability around September also.....
Fed may have increased interest rates by .25% by September also...
Europe may turn UP by September also.....
India & China may see strong GDP growth by September also.....
Until September Gold may rule, with all the uncertainties in the world.
SO.....a crystal ball is looking @ many things in 2015, either you follow some , all or none is based on what makes you comfortable.
We all may need luck in 2015, as dart throwing approach may have come to an end......
BLOG does NOT give buy or sell.
Saleem
Friday, January 9, 2015
Indices closed down .68% to .95%.....
Jobs report was above consensus but huge gains of last two days triggered profit taking and weekly option expiry played a role.
S&P 500 @ 2044.81, low 2038.33, high 2064.43
RSI @ 49.53
CMF @ -0.103
Internals were :
Down volume led by 2.44 to 1 in NYSE & 1.86 to 1 in Nasdaq
Declining stocks led by 1.69 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 25 in Nasdaq
VIX UP 3.17% @ 17.55
Oil @ $48.36
Gold @ $1216.10
Canadian $ @ 81.34
Stocks which were UP 1% or more included EGO GPRO NXPI
BITA GG YELP TWTR JKS FEYE FSLR AMCC GMCR
ABX SLW AEM WYNN TRIP.......
Here is my weighting :
MU 29.87%
EGO 23.30%
GPRO 13.54%
BBRY 11.89%
NXPI 10.22%
TSL 6.72%
AKS 4.46%
Exposure 216%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2044.81, low 2038.33, high 2064.43
RSI @ 49.53
CMF @ -0.103
Internals were :
Down volume led by 2.44 to 1 in NYSE & 1.86 to 1 in Nasdaq
Declining stocks led by 1.69 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 25 in Nasdaq
VIX UP 3.17% @ 17.55
Oil @ $48.36
Gold @ $1216.10
Canadian $ @ 81.34
Stocks which were UP 1% or more included EGO GPRO NXPI
BITA GG YELP TWTR JKS FEYE FSLR AMCC GMCR
ABX SLW AEM WYNN TRIP.......
Here is my weighting :
MU 29.87%
EGO 23.30%
GPRO 13.54%
BBRY 11.89%
NXPI 10.22%
TSL 6.72%
AKS 4.46%
Exposure 216%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, January 8, 2015
Indices closed UP 1.79% to 1.84%....NICE !!!!
Indices were sharply UP and closed near high of the day.
S&P 500 @ 2062.14, high 2064.08, low 2030.61
RSI @ 53.62
CMF @ -0.130
Internals were :
UP volume led by 5.52 to 1 in NYSE & 4.92 to 1 in Nasdaq
Advancing stocks led by 3.38 to 1 in NYSE & 2.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 201 in NYSE & 55 in Nasdaq
VIX Down 11.91% @ 17.01
Oil @ $48.79
Gold @ $1208.50
Stocks which were UP 2% or more included MU NXPI TSL
SWIR LEN YY YELP TWTR YHOO LNKD BIDU FB
AAPL BABA LULU WUBA COH JKS CSIQ EXPE
CMG EBAY FEYE FSLR SPWR YNDX ARUN
SNDK AMCC CIEN NFLX GMCR SPLK X
STLD CCJ DATA CSOD CNQ Z AGU
TRIP MLNX......
AH ER BBBY Down 3.71%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE confirmed this uptrend and internals were strong. Tonight IBD is changing its market outlook to "market in confirmed uptrend" lately IBD has been telling its subscriber to get out @ low and buy after major turn has happened ?. On CNBC tonight, Mark Cuban made the most prophetic statement on Fast Money when asked about his best trading idea, his reply "IF you have to ask me for ideas to trade, then you shouldn't be trading".....lot to pay attention to that concept. Many traders pay too much attention to CNBC for their ideas, instead of doing their own homework and sticking to their plans. Yes .. we are going higher towards new highs in indices, stay with your idea & exposure.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2062.14, high 2064.08, low 2030.61
RSI @ 53.62
CMF @ -0.130
Internals were :
UP volume led by 5.52 to 1 in NYSE & 4.92 to 1 in Nasdaq
Advancing stocks led by 3.38 to 1 in NYSE & 2.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 201 in NYSE & 55 in Nasdaq
VIX Down 11.91% @ 17.01
Oil @ $48.79
Gold @ $1208.50
Stocks which were UP 2% or more included MU NXPI TSL
SWIR LEN YY YELP TWTR YHOO LNKD BIDU FB
AAPL BABA LULU WUBA COH JKS CSIQ EXPE
CMG EBAY FEYE FSLR SPWR YNDX ARUN
SNDK AMCC CIEN NFLX GMCR SPLK X
STLD CCJ DATA CSOD CNQ Z AGU
TRIP MLNX......
AH ER BBBY Down 3.71%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE confirmed this uptrend and internals were strong. Tonight IBD is changing its market outlook to "market in confirmed uptrend" lately IBD has been telling its subscriber to get out @ low and buy after major turn has happened ?. On CNBC tonight, Mark Cuban made the most prophetic statement on Fast Money when asked about his best trading idea, his reply "IF you have to ask me for ideas to trade, then you shouldn't be trading".....lot to pay attention to that concept. Many traders pay too much attention to CNBC for their ideas, instead of doing their own homework and sticking to their plans. Yes .. we are going higher towards new highs in indices, stay with your idea & exposure.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.56% to 1.83%...NICE !!!!
Indices are UP & near high of the day, on lower unemployment claims, oil headed lower again and is being taken as a good thing.
S&P 500 @ 2057.51, high 2062.02, low 2030.61
Internals are positive by minimum 2 to 1
Oil Down 64 cents
Gold Down $2.70
Canadian $ Down 21 tick @ 81.67
VIX Down 8.80% @ 17.61
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are UP
@ 2.18 following are red :
GPRO AKS BBRY EGO WB ZNGA M
ABX .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2057.51, high 2062.02, low 2030.61
Internals are positive by minimum 2 to 1
Oil Down 64 cents
Gold Down $2.70
Canadian $ Down 21 tick @ 81.67
VIX Down 8.80% @ 17.61
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are UP
@ 2.18 following are red :
GPRO AKS BBRY EGO WB ZNGA M
ABX .....
BLOG does NOT give buy or sell.
Saleem
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