Indices digested their gains and rested today, not a bad thing.
S&P 500 @ 2104.50, low 2103.75, high 2112.74
RSI @ 60.27
CMF @ 0.348
Internals were :
Down volume led by 1.17 to 1 in NYSE & 1.64 to 1 in Nasdaq
Declining stocks led by .95 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 66 in Nasdaq
VIX Down 4.10% @ 13.34
Oil @ $49.76
Gold @ $1213.10
Canadian $ @ 74.94
Stocks which closed green included BBRY EGO MU
LEN GG ABS SLW AEM CCJ YELP GOOGL
WUBA LULU COH LVS JKS CSIQ FSLR
SPWR SNDK AMCC JDSU M GMCR
AGU......
Here is my weighting :
EGO 23.14%
MU 23.01%
BBRY 16.55%
KORS 16.27%
GPRO 14.58%
AKS 6.45%
Exposure 259%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, February 27, 2015
Thursday, February 26, 2015
Indices closed mixed....
Indices struggled a bit with Nasdaq closing in green. Oil was no help today.
S&P 500 @ 2110.74, low 2103.76, high 2113.91
RSI @ 63.05
CMF @ 0.428
Internals were :
Down volume led by 1.96 to 1 in NYSE & .70 to 1 in Nasdaq
Declining stocks led by 1.18 to 1 in NYSE & .87 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 186 in Nasdaq
VIX UP .51% @ 13.91
Oil @ $48.17
Gold @ $1210.10
Canadian $ @ 74.87
Stocks which were UP 2% or more included BBRY
GOOGL AMCC LSCC SPLK Z MLNX....
AH ER.... JCP Down 12.5%, ADSK UP 3.03%
SPLK UP 5.65%, MNST UP 8.62%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Nasdaq continues to show strength and inching towards all time high of 5K+. CMF is @ new high since end of November which shows there is concentrated buying going on. Internals were weak today as we have moved UP quite a bit. Digestive phase is always healthy and is not a sign of imminent collapse.
BLOG does NOT give buy or sell.
PS..was tied up in chores, thus missed mid day BLOG.
Saleem
S&P 500 @ 2110.74, low 2103.76, high 2113.91
RSI @ 63.05
CMF @ 0.428
Internals were :
Down volume led by 1.96 to 1 in NYSE & .70 to 1 in Nasdaq
Declining stocks led by 1.18 to 1 in NYSE & .87 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 186 in Nasdaq
VIX UP .51% @ 13.91
Oil @ $48.17
Gold @ $1210.10
Canadian $ @ 74.87
Stocks which were UP 2% or more included BBRY
GOOGL AMCC LSCC SPLK Z MLNX....
AH ER.... JCP Down 12.5%, ADSK UP 3.03%
SPLK UP 5.65%, MNST UP 8.62%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Nasdaq continues to show strength and inching towards all time high of 5K+. CMF is @ new high since end of November which shows there is concentrated buying going on. Internals were weak today as we have moved UP quite a bit. Digestive phase is always healthy and is not a sign of imminent collapse.
BLOG does NOT give buy or sell.
PS..was tied up in chores, thus missed mid day BLOG.
Saleem
Wednesday, February 25, 2015
Indices closed mixed......
Indices closed mixed with Dow @ new all time high @ close.
S&P 500 @ 2113.86, low 2109.89, high 2119.59
RSI @ 64.43
CMF @ 0.348
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 134 in NYSE & 112 in Nasdaq
VIX UP 1.10% @ 13.84
Oil @ $50.99
Gold @ $1201.50
Stocks which closed UP 2% or more includes BBRY EGO GPRO
FEYE YHOO PCLN FSLR HIMX GRPN AMCC M MCD
ABX AEM MGA......
AH ER ...WDAY UP 1.66%, CRM UP 11.34%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was marking time today, but intraday all indices reached their highest level. Internals remained strong, I expect series of all time highs made. Nasdaq took a well deserved rest for a day and expect it to resume its march higher. Good time to look @ rotation which is taking place within the market. Diversified approach works.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2113.86, low 2109.89, high 2119.59
RSI @ 64.43
CMF @ 0.348
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 134 in NYSE & 112 in Nasdaq
VIX UP 1.10% @ 13.84
Oil @ $50.99
Gold @ $1201.50
Stocks which closed UP 2% or more includes BBRY EGO GPRO
FEYE YHOO PCLN FSLR HIMX GRPN AMCC M MCD
ABX AEM MGA......
AH ER ...WDAY UP 1.66%, CRM UP 11.34%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was marking time today, but intraday all indices reached their highest level. Internals remained strong, I expect series of all time highs made. Nasdaq took a well deserved rest for a day and expect it to resume its march higher. Good time to look @ rotation which is taking place within the market. Diversified approach works.
BLOG does NOT give buy or sell.
Saleem
Indices down .01% to .08%.....
Indices are slightly lower after being in record high territory.
S&P 500 @ 2112.59, low 2111.39, high 2119.59
Internals are positive
Oil UP $1.69
Gold UP $6.60
Canadian $ UP 54 tick @ 75.73
VIX Down .03% @ 13.66
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are UP
@ 2.44 following are red :
MU VDSI LEN QIHU YY BIDU AAPL NXPI
LVS JKS CSIQ FFIV TWTR SPWR CRUS
SNDK BRCM JDSU FNSR AAL GMCR
X STLD CCJ Z WYNN GS YELP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2112.59, low 2111.39, high 2119.59
Internals are positive
Oil UP $1.69
Gold UP $6.60
Canadian $ UP 54 tick @ 75.73
VIX Down .03% @ 13.66
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are UP
@ 2.44 following are red :
MU VDSI LEN QIHU YY BIDU AAPL NXPI
LVS JKS CSIQ FFIV TWTR SPWR CRUS
SNDK BRCM JDSU FNSR AAL GMCR
X STLD CCJ Z WYNN GS YELP.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 24, 2015
Indices closed UP .14% to .51%...NICE !!!!
Indices closed @ high of the day on Fed chief assurance on interest rate.
S&P 500 @ 2115.48, high 2115.87, low 2105.87
RSI @ 65.12
CMF @ 0.338
Internals were :
UP volume led by 1.68 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 171 in NYSE & 119 in Nasdaq
VIX Down 5.98% @ 13.69
Oil @ $49.28
Gold @ $1197.30
Stocks which were UP 1% or more included AKS BBRY
FEYE LEN JCP PCLN NXPI COH JKS CSIQ FSLR
SPWR CRUS BRCM LSCC CIEN JDSU C X
STLD CCJ MS CNQ GS AGU MLNX....
AH ER..FSLR Down .91%, HPQ Down 7.04%
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE closed on a strong note on Janet Yellen's testimony which reinforced not to raise interest rate. Dow & S&P 500 closed @ new all time high and Nasdaq @ new 15 year high. Nasdaq had 10 straight days of UP close, this is the best performance in 5 years. Chinese Flash PMI for February came in @ 50.1% first expansion in three months. Expect more positive action in indices.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2115.48, high 2115.87, low 2105.87
RSI @ 65.12
CMF @ 0.338
Internals were :
UP volume led by 1.68 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 171 in NYSE & 119 in Nasdaq
VIX Down 5.98% @ 13.69
Oil @ $49.28
Gold @ $1197.30
Stocks which were UP 1% or more included AKS BBRY
FEYE LEN JCP PCLN NXPI COH JKS CSIQ FSLR
SPWR CRUS BRCM LSCC CIEN JDSU C X
STLD CCJ MS CNQ GS AGU MLNX....
AH ER..FSLR Down .91%, HPQ Down 7.04%
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE closed on a strong note on Janet Yellen's testimony which reinforced not to raise interest rate. Dow & S&P 500 closed @ new all time high and Nasdaq @ new 15 year high. Nasdaq had 10 straight days of UP close, this is the best performance in 5 years. Chinese Flash PMI for February came in @ 50.1% first expansion in three months. Expect more positive action in indices.
BLOG does NOT give buy or sell.
Saleem
Indices UP .03% to .47%...NICE !!!!
Indices are UP after comforting words from Janet Yellen that hike is not imminent, traders are interpreting as October from September hike.
S&P 500 @ 2114.25, high 2116.50, low 2105.87
Internals are positive
Oil UP 2 cenrs
Gold Down $1.30
Canadian $ Down 41 tick @ 74.70
VIX Down 4.74% @ 13.87
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are UP
@ 2.25 following are red :
EGO KORS MU OTEX TSLA BABA FB WUBA
LVS AMZN EXPE CMG SU AAPL HIMX
GRPN SNDK AAL M SPLK SBUX
DATA CSOD MGA Z WYNN
TRIP YELP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2114.25, high 2116.50, low 2105.87
Internals are positive
Oil UP 2 cenrs
Gold Down $1.30
Canadian $ Down 41 tick @ 74.70
VIX Down 4.74% @ 13.87
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are UP
@ 2.25 following are red :
EGO KORS MU OTEX TSLA BABA FB WUBA
LVS AMZN EXPE CMG SU AAPL HIMX
GRPN SNDK AAL M SPLK SBUX
DATA CSOD MGA Z WYNN
TRIP YELP.....
BLOG does NOT give buy or sell.
Saleem
Monday, February 23, 2015
Indices closed mixed.....
Indices closed mixed on low oil, weak housing data.
S&P 500 @ 2109.66, low 2103.00, high 2110.05
RSI @ 63.83
CMF @ 0.354....highest level since week one of December 14.
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 141 in NYSE & 88 in Nasdaq
VIX UP 1.82% @ 14.56
Oil @ $49.45
Gold @ $1200.80
AH News ...AMCC Down 4.46%, AGU UP 2.83%
FSLR UP 9.14%, SPWR UP 12.59%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE behaved much better than expected based on lower oil & weak housing data. Fed chief testimony on hill may not sit well with traders as talk of higher interest rates may dominate Q & A. Janet Yellen has a real challenge on hand to balance reality of higher interest rates in June vs expectations of lower rates for a "considerable period of time"...market may not like clarity on this issue. Buying quality stocks on weakness should work out pretty good.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2109.66, low 2103.00, high 2110.05
RSI @ 63.83
CMF @ 0.354....highest level since week one of December 14.
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 141 in NYSE & 88 in Nasdaq
VIX UP 1.82% @ 14.56
Oil @ $49.45
Gold @ $1200.80
AH News ...AMCC Down 4.46%, AGU UP 2.83%
FSLR UP 9.14%, SPWR UP 12.59%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE behaved much better than expected based on lower oil & weak housing data. Fed chief testimony on hill may not sit well with traders as talk of higher interest rates may dominate Q & A. Janet Yellen has a real challenge on hand to balance reality of higher interest rates in June vs expectations of lower rates for a "considerable period of time"...market may not like clarity on this issue. Buying quality stocks on weakness should work out pretty good.
BLOG does NOT give buy or sell.
Saleem
Indices down .10% to .25%......
Indices are lower due to overbought conditions.
S&P 500 @ 2105.15, low 2103.00, high 2110.05
Internals are negative
Oil Down $1.34
Gold Down $3.00
Canadian $ Down 54 tick @ 74.20
VIX UP 3.71% @ 14.83
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are down
@ 2.38 following are green :
EGO KORS JCP AAPL COH EXPE FSLR GRPN
LSCC AAL GMCR MCD AEM AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2105.15, low 2103.00, high 2110.05
Internals are negative
Oil Down $1.34
Gold Down $3.00
Canadian $ Down 54 tick @ 74.20
VIX UP 3.71% @ 14.83
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are down
@ 2.38 following are green :
EGO KORS JCP AAPL COH EXPE FSLR GRPN
LSCC AAL GMCR MCD AEM AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 22, 2015
Are we @ top of the range in this TAPE ?
TAPE has gone through spirited buying in last 3 weeks of February and made series of all time highs in Dow & S&P 500 while Nasdaq is 45 points away from magic 5,000......
Here is the read on RSI in the above index :
Dow @ 62.23
S&P 500 @ 64.07
Nasdaq @ 70.02
In any market, it is important to keep an eye on potential headwind.
We have reacted to many positive development like Greece debt extension & Ukraine agreement.
We need to digest gains and build another base to move from.
Oil is behaving much better than some Wall Street hedge funds like to see, this is a huge positive for many oil producers.
Gold could be the biggest beneficiary of upcoming base building in equities.
Russell which is @ all time high also may have more upside while Nasdaq rests.
Many security stocks are "dangerously overbought"...correction may be severe.
US$ resurgence is creating havoc in many economies and is forcing many countries to devalue their currency, US$ strength is taking a toll in earnings of many multinationals as they report their earnings in US$.....they have to convert foreign earning which are weaker currencies into strong US$, so they get less US$ than before.....
It is important to book gains ASAP as market pulls back to get rid of exuberance & euphoria.
Look for weaker stocks with good potential to buy on weakness.
Do more research to find stocks with better potential.
We may see end of the month selling to lock gains by hedge funds.
All in all, we may be looking @ couple of weeks of weaker tape.
BLOG does NOT give buy or sell.
Saleem
Here is the read on RSI in the above index :
Dow @ 62.23
S&P 500 @ 64.07
Nasdaq @ 70.02
In any market, it is important to keep an eye on potential headwind.
We have reacted to many positive development like Greece debt extension & Ukraine agreement.
We need to digest gains and build another base to move from.
Oil is behaving much better than some Wall Street hedge funds like to see, this is a huge positive for many oil producers.
Gold could be the biggest beneficiary of upcoming base building in equities.
Russell which is @ all time high also may have more upside while Nasdaq rests.
Many security stocks are "dangerously overbought"...correction may be severe.
US$ resurgence is creating havoc in many economies and is forcing many countries to devalue their currency, US$ strength is taking a toll in earnings of many multinationals as they report their earnings in US$.....they have to convert foreign earning which are weaker currencies into strong US$, so they get less US$ than before.....
It is important to book gains ASAP as market pulls back to get rid of exuberance & euphoria.
Look for weaker stocks with good potential to buy on weakness.
Do more research to find stocks with better potential.
We may see end of the month selling to lock gains by hedge funds.
All in all, we may be looking @ couple of weeks of weaker tape.
BLOG does NOT give buy or sell.
Saleem
Friday, February 20, 2015
Indices closed UP .61% to .86%...NICE !!!!
Indices closed @ high of the day and new all time highs in Dow & S&P 500, Nasdaq @ new 15 year high. Economic news was strong in Markit's Flash PMI for US @ 54.3%, Greece and ECB has a deal for 4 months.
S&P 500 @ 2110.30, high 2110.61, low 2085.44
RSI @ 64.07
CMF @ 0.281
Internals were :
UP volume led by 2.14 to 1 in NYSE & 1.98 to 1 in Nasdaq
Advancing stocks led by 2.10 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 151 in NYSE & 94 in Nasdaq
VIX Down 6.47% @ 14.30
Oil @ $50.81
Gold @ $1204.90
Canadian $ @ 74.74
Stocks which were UP 1% or more included EGO
VDSI FEYE BIDU TSLA COH CSIQ AMZN
EXPE YUM MA V FSLR SPWR GRPN
JDSU C AAL M GMCR SPLK STLD
MS Z GS.....
Here is my weighting :
MU 24.18%
EGO 20.87%
KORS 16.74%
GPRO 15.80%
BBRY 15.78%
AKS 6.63%
Exposure 259%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2110.30, high 2110.61, low 2085.44
RSI @ 64.07
CMF @ 0.281
Internals were :
UP volume led by 2.14 to 1 in NYSE & 1.98 to 1 in Nasdaq
Advancing stocks led by 2.10 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 151 in NYSE & 94 in Nasdaq
VIX Down 6.47% @ 14.30
Oil @ $50.81
Gold @ $1204.90
Canadian $ @ 74.74
Stocks which were UP 1% or more included EGO
VDSI FEYE BIDU TSLA COH CSIQ AMZN
EXPE YUM MA V FSLR SPWR GRPN
JDSU C AAL M GMCR SPLK STLD
MS Z GS.....
Here is my weighting :
MU 24.18%
EGO 20.87%
KORS 16.74%
GPRO 15.80%
BBRY 15.78%
AKS 6.63%
Exposure 259%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, February 19, 2015
Indices closed mixed.......
Indices closed near high of the day.
S&P 500 @ 2097.45, low 2090.79, high 2102.13
RSI @ 61.35
CMF @ 0.286
Internals were :
UP volume led by .62 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by .92 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 127 in NYSE & 92 in Nasdaq
VIX Down 1.04% @ 15.29
Oil @ $51.83
Gold @ $1207.60
Stocks which were UP 1% or more included FEYE TWTR YHOO
TSLA PCLN FB COH AMZN EXPE EBAY MA LSCC JDSU
FNSR GMCR SPLK ABX DATA AGU TRIP....
AH ER..MRVL Down 3.29%, FUEL Down 22.82%
EGO UP 1.2%, NEM UP 1.39%
EGO reported record Gold production, Sales $980.09 million in and 2 cents profit, Cash on hand $876.3 million.To make money in Gold business is tough as cost are rising faster while price of gold is stagnating around $1200. Conference call @ 11.30 AM.
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was quite resilient considering Greece & Oil. Oil held up well and is staying well above $51, looks like Oil have found a solid bottom, despite calls made by many going as low as $10. Market internals held up well. We may be looking @ strong Friday close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2097.45, low 2090.79, high 2102.13
RSI @ 61.35
CMF @ 0.286
Internals were :
UP volume led by .62 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by .92 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 127 in NYSE & 92 in Nasdaq
VIX Down 1.04% @ 15.29
Oil @ $51.83
Gold @ $1207.60
Stocks which were UP 1% or more included FEYE TWTR YHOO
TSLA PCLN FB COH AMZN EXPE EBAY MA LSCC JDSU
FNSR GMCR SPLK ABX DATA AGU TRIP....
AH ER..MRVL Down 3.29%, FUEL Down 22.82%
EGO UP 1.2%, NEM UP 1.39%
EGO reported record Gold production, Sales $980.09 million in and 2 cents profit, Cash on hand $876.3 million.To make money in Gold business is tough as cost are rising faster while price of gold is stagnating around $1200. Conference call @ 11.30 AM.
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was quite resilient considering Greece & Oil. Oil held up well and is staying well above $51, looks like Oil have found a solid bottom, despite calls made by many going as low as $10. Market internals held up well. We may be looking @ strong Friday close.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed after oil price slump by 2.09% & Germany saying NO to Greece request. Nasdaq is strong and continues on its march towards $5,000.
S&P 500 @ 2098.40, low 2090.79, high 2102.13
Internals are mostly positive
Oil Down $1.14
Gold UP $7.80
Canadian $ Down 39 tick @ 75.07
VIX Down 1.04% @ 15.29
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are UP
@ 2.51 following are red :
EGO MU VDSI QIHU GG YY SWIR JKS CSIQ
DNKN FSLR SPWR AMCC NFLX M MCD
X SLW AEM CNQ BRCM Z ....
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 2098.40, low 2090.79, high 2102.13
Internals are mostly positive
Oil Down $1.14
Gold UP $7.80
Canadian $ Down 39 tick @ 75.07
VIX Down 1.04% @ 15.29
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are UP
@ 2.51 following are red :
EGO MU VDSI QIHU GG YY SWIR JKS CSIQ
DNKN FSLR SPWR AMCC NFLX M MCD
X SLW AEM CNQ BRCM Z ....
BLOG does NOT give buy or sell
Saleem
Wednesday, February 18, 2015
Indices closed mixed......
Indices closed @ high of the day, only Nasdaq made it in green.
S&P 500 @ 2099.68, low 2092.15, high 2100.23
RSI @ 62.11
CMF @ 0.302
Internals were :
UP volume led by .97 to 1 in NYSE & 1.08 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 60 in Nasdaq
VIX Down 2.22% @ 15.45
Oil @ $52.88
Gold @ $1200.02
AH News ..SUNE Down 3.54%, SCTY Down 5.46%
ABX UP 2.66%, TTPH UP 12.33%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed gave a clear signal that they are in no rush to tinker with low,low interest rates, Greece & ECB are working towards larger agreement on debt, all this pointing towards series of new highs. Today was a waiting game for Fed minutes and news flow on Greece, thus a flat close. Expect strong markets unless oil take huge tumble of around 4%, then we may go down on fear of low oil impact. I expect TAPE to work its way higher and Nasdaq to 5,000.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2099.68, low 2092.15, high 2100.23
RSI @ 62.11
CMF @ 0.302
Internals were :
UP volume led by .97 to 1 in NYSE & 1.08 to 1 in Nasdaq
Advancing stocks led by 1.21 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 60 in Nasdaq
VIX Down 2.22% @ 15.45
Oil @ $52.88
Gold @ $1200.02
AH News ..SUNE Down 3.54%, SCTY Down 5.46%
ABX UP 2.66%, TTPH UP 12.33%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed gave a clear signal that they are in no rush to tinker with low,low interest rates, Greece & ECB are working towards larger agreement on debt, all this pointing towards series of new highs. Today was a waiting game for Fed minutes and news flow on Greece, thus a flat close. Expect strong markets unless oil take huge tumble of around 4%, then we may go down on fear of low oil impact. I expect TAPE to work its way higher and Nasdaq to 5,000.
BLOG does NOT give buy or sell.
Saleem
Indices down .14% to .28%.....
Fed staying put and in no rush to increase interest rates, Greece requesting loans and ECB extending credit to Greek banks for two weeks, all this erased losses but back in red after 30 minutes.....
S&P 500 @ 2094.52, low 2092.15, high 2099.58
Internals are slightly negative
Oil Down $1.13
Gold UP 90 cents, found support below $1200 ...
Canadian $ Down 26 tick @ 75.87
VIX UP 2.85% @ 16.25
In my portfolio :
Bought KORS @ $71.37
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are down
@ 2.35 following are green :
BBRY EGO JCP GG PCLN FB LULU NXPI WUBA
COH DNKN CMG EBAY YUM FFIV YNDX
LSCC NFLX AAL SPLK SBUX SLW
AEM CSOD Z TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2094.52, low 2092.15, high 2099.58
Internals are slightly negative
Oil Down $1.13
Gold UP 90 cents, found support below $1200 ...
Canadian $ Down 26 tick @ 75.87
VIX UP 2.85% @ 16.25
In my portfolio :
Bought KORS @ $71.37
Portfolio AKS BBRY EGO GPRO KORS MU
Most stocks are down
@ 2.35 following are green :
BBRY EGO JCP GG PCLN FB LULU NXPI WUBA
COH DNKN CMG EBAY YUM FFIV YNDX
LSCC NFLX AAL SPLK SBUX SLW
AEM CSOD Z TRIP......
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 17, 2015
Indices closed UP .11% to .16%.....NICE !!!!
Indices closed @ high of the day, a very good indicator of technical strength.
S&P 500 @ 2100.34, high 2101.30, low 2089.80
RSI @ 62.32
CMF @ 0.287
Internals were :
UP volume led by 1.30 to 1 in NYSE & 1.75 to 1 in Nasdaq
Advancing stocks led by .75 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 134 in NYSE & 104 in Nasdaq
VIX UP 7.56% @ 15.80
Oil @ $53.53
Gold $1208.60
Stocks which were UP 1% or more BBRY EGO GPRO MU
FEYE SWIR JCP YY YELP PCLN WUBA JKS CSIQ YUM CCJ
FSLR HIMX GRPN CSOD MGA CNQ TRLA Z ......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE ignored Greece noise and followed its technical momentum to new closing highs, There is tremendous buying power in this market as showing by highest level of CMF since 1st week of December. Laggards are playing catch up, which is a good sign as it indicates broadening of this rally. Buy good potential stocks which are in 50 RSI area. Tone of market has improved, thus higher exposure is justified, still room to run in this rally.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2100.34, high 2101.30, low 2089.80
RSI @ 62.32
CMF @ 0.287
Internals were :
UP volume led by 1.30 to 1 in NYSE & 1.75 to 1 in Nasdaq
Advancing stocks led by .75 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 134 in NYSE & 104 in Nasdaq
VIX UP 7.56% @ 15.80
Oil @ $53.53
Gold $1208.60
Stocks which were UP 1% or more BBRY EGO GPRO MU
FEYE SWIR JCP YY YELP PCLN WUBA JKS CSIQ YUM CCJ
FSLR HIMX GRPN CSOD MGA CNQ TRLA Z ......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE ignored Greece noise and followed its technical momentum to new closing highs, There is tremendous buying power in this market as showing by highest level of CMF since 1st week of December. Laggards are playing catch up, which is a good sign as it indicates broadening of this rally. Buy good potential stocks which are in 50 RSI area. Tone of market has improved, thus higher exposure is justified, still room to run in this rally.
BLOG does NOT give buy or sell.
Saleem
Indices UP .03% to .11%.......NICE !!!!
Greek drama continues but final curtain will be predictable, in the end victory declared by everyone involved with compromise.
S&P 500 @ 2099.14, high 2101.30, low 2089.80
Internals are mostly positive
Oil UP 64 cents
Gold Down $18.90
Canadian $ UP 87 tick @ 76.22
VIX UP 6.74% @ 15.68
Portfolio AKS BBRY EGO GPRO MU
Most stocks are UP
@ 2.32 following are red :
AKS GG QIHU OTEX TWTR YHOO LNKD BIDU
TSLA GOOGL BABA NXPI KORS COH AMZN
EXPE CMG EBAY FFIV YNDX SNDK JDSU
AAL M GMCR SPLK MCD X STLD SLW
AEM DATA WYNN AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2099.14, high 2101.30, low 2089.80
Internals are mostly positive
Oil UP 64 cents
Gold Down $18.90
Canadian $ UP 87 tick @ 76.22
VIX UP 6.74% @ 15.68
Portfolio AKS BBRY EGO GPRO MU
Most stocks are UP
@ 2.32 following are red :
AKS GG QIHU OTEX TWTR YHOO LNKD BIDU
TSLA GOOGL BABA NXPI KORS COH AMZN
EXPE CMG EBAY FFIV YNDX SNDK JDSU
AAL M GMCR SPLK MCD X STLD SLW
AEM DATA WYNN AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 15, 2015
Nasdaq to 5,100 ......
Indices closed @ highest point of the day on Friday.......
TAPE is looking strong with resolution of Ukraine and imminent deal for Greece.....
Nasdaq is looking poised to hit 5,000
RUT @ all time high
S&P 500 @ all time high
Nasdaq @ 15 year high...
Chinese are stimulating their economy after a gap of two years......
US in growth mode..
Germany back in growth mode...
All indices were basing for 8 weeks since last highs in 3rd week of December 2014.....
CMF @ 0.363 is highest in Nasdaq, followed by S&P 500 @ 0.299 and Dow @ 0.251
RSI for Dow @ 59.83, S&P 500 @ 61.70, Nasdaq @ 65.64...leaves lot of room to hit mid to high 70's before we are oversold.
TAPE has not looked this strong in about 6 months...
Expect series of new all time highs in Dow & S&P 500 plus a dash towards new all time highs in Nasdaq after 15 years.......5,100 is a probability...
Stay with your exposure and buy strong stocks which is staring @ new highs, there are plenty of those in the market.
2015 character has changed after struggling for 6 months with GDP issues worldwide and international disputes in Ukraine & Iraq.....
Greece gave a scare to the markets which is coming to satisfactory resolution on Monday......European markets will take off to new highs on Monday, while we are closed in US & Canada.
Oil gave a severe jolt to producers and exploration companies, but we have stabilized already and may inch UP towards $60...where cost of production may match the price for efficient producers.
SO, oil on the mend, US$ backing off and tensions are depleting via Ukraine & economic resolution for Greece.....its a win win scenario for all....
Market loves "certainty" and we got plenty right now....
Certainty means series of new all time highs....
Understand the above "changed scenario" and benefit from it through your "conviction and patience"
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
TAPE is looking strong with resolution of Ukraine and imminent deal for Greece.....
Nasdaq is looking poised to hit 5,000
RUT @ all time high
S&P 500 @ all time high
Nasdaq @ 15 year high...
Chinese are stimulating their economy after a gap of two years......
US in growth mode..
Germany back in growth mode...
All indices were basing for 8 weeks since last highs in 3rd week of December 2014.....
CMF @ 0.363 is highest in Nasdaq, followed by S&P 500 @ 0.299 and Dow @ 0.251
RSI for Dow @ 59.83, S&P 500 @ 61.70, Nasdaq @ 65.64...leaves lot of room to hit mid to high 70's before we are oversold.
TAPE has not looked this strong in about 6 months...
Expect series of new all time highs in Dow & S&P 500 plus a dash towards new all time highs in Nasdaq after 15 years.......5,100 is a probability...
Stay with your exposure and buy strong stocks which is staring @ new highs, there are plenty of those in the market.
2015 character has changed after struggling for 6 months with GDP issues worldwide and international disputes in Ukraine & Iraq.....
Greece gave a scare to the markets which is coming to satisfactory resolution on Monday......European markets will take off to new highs on Monday, while we are closed in US & Canada.
Oil gave a severe jolt to producers and exploration companies, but we have stabilized already and may inch UP towards $60...where cost of production may match the price for efficient producers.
SO, oil on the mend, US$ backing off and tensions are depleting via Ukraine & economic resolution for Greece.....its a win win scenario for all....
Market loves "certainty" and we got plenty right now....
Certainty means series of new all time highs....
Understand the above "changed scenario" and benefit from it through your "conviction and patience"
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
Friday, February 13, 2015
Indices closed UP .26% to .75%...NICE !!!!
S&P 500 closed @ all time high & Nasdaq @ new 15 year high on optimism about European economy. Indices closed @ high of the day.
S&P 500 @ 2096.99, high 2097.03, low 2086.70
RSI @ 61.70
CMF @ 0.299
Internals were :
UP volume led by 1.91 to 1 in NYSE & 2.29 to 1 in Nasdaq
Advancing stocks led by 1.67 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 185 in NYSE & 102 in Nasdaq
VIX Down 4.24% @ 14.69
Oil @ $52.78
Gold @ $1227.10
Canadian $ @ 75.53
Stocks which were UP 2% or more included AKS BBRY EGO
VDSI FEYE PANW QIHU BIDU BABA KORS WUBA
LVS WYNN EBAY YNDX HIMX GRPN FNSR X
NFLX SPLK CSOD TRIP MLNX......
Here is my weighting :
MU 29.10%
EGO 24.18%
GPRO 19.21%
BBRY 18.77%
AKS 8.74%
Exposure 239%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2096.99, high 2097.03, low 2086.70
RSI @ 61.70
CMF @ 0.299
Internals were :
UP volume led by 1.91 to 1 in NYSE & 2.29 to 1 in Nasdaq
Advancing stocks led by 1.67 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 185 in NYSE & 102 in Nasdaq
VIX Down 4.24% @ 14.69
Oil @ $52.78
Gold @ $1227.10
Canadian $ @ 75.53
Stocks which were UP 2% or more included AKS BBRY EGO
VDSI FEYE PANW QIHU BIDU BABA KORS WUBA
LVS WYNN EBAY YNDX HIMX GRPN FNSR X
NFLX SPLK CSOD TRIP MLNX......
Here is my weighting :
MU 29.10%
EGO 24.18%
GPRO 19.21%
BBRY 18.77%
AKS 8.74%
Exposure 239%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 12, 2015
Indices closed UP .62% to 1.18%.....NICE !!!!
Indices closed @ high of the day.
S&P 500 @ 2088.48, high 2088.53, low 2069.98
RSI @ 60.17
CMF @ 0.204
Internals were :
UP volume led by 5.46 to 1 in NYSE & 3.02 to 1 in Nasdaq
Advancing stocks led by 3.56 to 1 in NYSE & 2.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 174 in NYSE & 104 in Nasdaq
VIX Down 9.55% @ 15.34
Oil @ $52.21
Gold @ $1220.70
Stocks which were UP 2% or more included AKS MU
VDSI FEYE SWIR LEN GG YELP YHOO PCLN
LVS WYNN JKS CSIQ SU EXPE SPWR
YNDX SNDK BRCM FNSR C SPLK
X STLD AEM MA TRLA Z TRIP.....
Added 20% BBRY @ $9.87
AH ER CYBR UP 18.52%, ZNGA Down 14.29%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, tonight IBD saying that "market in confirmed uptrend". TAPE celebrated one major military and economic tension almost gone in Ukraine. Greece is on the verge of making the deal with Germany. Monday could bring that announcement. Monday could be a positive day in Europe, but Canada & US are closed on Monday.S&P is all set to take out all time highs which is only 5 points away. We are looking @ few more days of strong momentum. Cyber security stocks are flying.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2088.48, high 2088.53, low 2069.98
RSI @ 60.17
CMF @ 0.204
Internals were :
UP volume led by 5.46 to 1 in NYSE & 3.02 to 1 in Nasdaq
Advancing stocks led by 3.56 to 1 in NYSE & 2.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 174 in NYSE & 104 in Nasdaq
VIX Down 9.55% @ 15.34
Oil @ $52.21
Gold @ $1220.70
Stocks which were UP 2% or more included AKS MU
VDSI FEYE SWIR LEN GG YELP YHOO PCLN
LVS WYNN JKS CSIQ SU EXPE SPWR
YNDX SNDK BRCM FNSR C SPLK
X STLD AEM MA TRLA Z TRIP.....
Added 20% BBRY @ $9.87
AH ER CYBR UP 18.52%, ZNGA Down 14.29%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, tonight IBD saying that "market in confirmed uptrend". TAPE celebrated one major military and economic tension almost gone in Ukraine. Greece is on the verge of making the deal with Germany. Monday could bring that announcement. Monday could be a positive day in Europe, but Canada & US are closed on Monday.S&P is all set to take out all time highs which is only 5 points away. We are looking @ few more days of strong momentum. Cyber security stocks are flying.
BLOG does NOT give buy or sell.
Saleem
Indices UP .44% to .96%...NICE !!!!
Ukraine & Russian leaders showed good judgement in resolving neighbors dispute. Indices are rallying on this news and @ near high of the day, and Russian markets & currency are loving it.
S&P 500 @ 2084.09, high 2086.16, low 2069.98
Internals are positive by 3 to 1 in NYSE & over 2 to 1 in Nasdaq
Oil UP $2.25
Gold UP $1.60
Canadian $ UP 1.47 cent @ 75.17
VIX Down 6.96% @ 15.78
Portfolio AKS BBRY EGO GPRO MU
Most stocks are UP
@ 2.25 following are red :
QIHU YY BIDU TSLA LNKD FB COH EBAY
GRPN ZNGA M GMCR CSOD.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2084.09, high 2086.16, low 2069.98
Internals are positive by 3 to 1 in NYSE & over 2 to 1 in Nasdaq
Oil UP $2.25
Gold UP $1.60
Canadian $ UP 1.47 cent @ 75.17
VIX Down 6.96% @ 15.78
Portfolio AKS BBRY EGO GPRO MU
Most stocks are UP
@ 2.25 following are red :
QIHU YY BIDU TSLA LNKD FB COH EBAY
GRPN ZNGA M GMCR CSOD.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 11, 2015
Indices closed mixed....
Indices closed mixed on Greece expectations.
S&P 500 @ 2068.53, low 2057.99, high 2073.48
RSI @ 56.36
CMF @ 0.184
Internals were :
Down volume led by 1.37 to in NYSE & .83 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & 1.19 to 1 in Nasdaq ( no typo)
Net new 52 wk highs were leading by 77 in NYSE & 21 in Nasdaq
VIX Down 1.57% @ 16.96
Oil @ $48.84
Gold @ $1219.60
AH ER..TSLA Down 3.99%, CSOD Down 6.69%, BIDU Down 9.16%,
FEYE UP 5.07%, CSCO UP 6.76%, TRIP UP 13.72%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Greece debt agreement has been delayed for Monday's negotiations. I am expecting some progress on Monday. Markets may be on edge until more clarity comes on Greece, its not the talk which is generally upbeat, but it is the agreement which matters. Markets do not like uncertainty which hedge funds loves to exploit through their proxies on CNBC. Stay with your strong picks as we digest Greece non agreement so far.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2068.53, low 2057.99, high 2073.48
RSI @ 56.36
CMF @ 0.184
Internals were :
Down volume led by 1.37 to in NYSE & .83 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & 1.19 to 1 in Nasdaq ( no typo)
Net new 52 wk highs were leading by 77 in NYSE & 21 in Nasdaq
VIX Down 1.57% @ 16.96
Oil @ $48.84
Gold @ $1219.60
AH ER..TSLA Down 3.99%, CSOD Down 6.69%, BIDU Down 9.16%,
FEYE UP 5.07%, CSCO UP 6.76%, TRIP UP 13.72%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Greece debt agreement has been delayed for Monday's negotiations. I am expecting some progress on Monday. Markets may be on edge until more clarity comes on Greece, its not the talk which is generally upbeat, but it is the agreement which matters. Markets do not like uncertainty which hedge funds loves to exploit through their proxies on CNBC. Stay with your strong picks as we digest Greece non agreement so far.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Greece meeting with EU members continues, in the end there is a resolution after usual tough talk. Indices are mixed after being down earlier.
S&P 500 @ 2065.67, low 2057.99, high 2069.52
Internals are negative as much as 2 to 1...
Oil Down $1.07
Gold Down $13.00
Canadian $ Down 51 tick @ 73.63...near 6 year low against US$
VIX UP 1.10% @ 17.42
Portfolio AKS BBRY EGO GPRO MU
Most stocks are down
@ 2.14 following are green :
GPRO SWIR OTEX YELP TWTR PCLN AAPL
GRPN FB NXPI AMZN SINA DNKN CMG
FFIV V SPWR SNDK PANW VDSI M
NFLX GMCR SPLK DATA GS
AGU MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2065.67, low 2057.99, high 2069.52
Internals are negative as much as 2 to 1...
Oil Down $1.07
Gold Down $13.00
Canadian $ Down 51 tick @ 73.63...near 6 year low against US$
VIX UP 1.10% @ 17.42
Portfolio AKS BBRY EGO GPRO MU
Most stocks are down
@ 2.14 following are green :
GPRO SWIR OTEX YELP TWTR PCLN AAPL
GRPN FB NXPI AMZN SINA DNKN CMG
FFIV V SPWR SNDK PANW VDSI M
NFLX GMCR SPLK DATA GS
AGU MLNX......
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 10, 2015
Indices closed UP .79% to 1.30%...NICE !!!!
Indices closed @ high of the day.
S&P 500 @ 2068.59, high 2070.86, low 2048.62
RSI @ 56.38
CMF @ 0.148
Internals were :
UP volume led by 1.64 to 1 in NYSE & 3.06 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 51 in NYSE & 18 in Nasdaq
VIX Down 7.12% @ 17.23
Oil @ $50.02
Gold @ $1232.20
Stocks which were UP 2% or more included MU
FEYE SWIR YELP BIDU PCLN GOOGL
LVS WYNN CMG FFIV FSLR HIMX
CRUS SNDK BRCM VDSI PANW
NFLX SBUX CCJ DATA CSOD
TRIP.....
AH ER MKTO Down 6.25%, AKAM 4.89%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, tonight IBD is changing its market outlook to "market in resumed uptrend". TAPE celebrated optimism about Greece willingness to compromise and work with EU, there may be few hiccups along the way, but by end of the month, everything should be resolved. Indices have been erratic, one day UP and one day Down, we may be setting up for a down day on Wednesday, good day to add on weakness.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2068.59, high 2070.86, low 2048.62
RSI @ 56.38
CMF @ 0.148
Internals were :
UP volume led by 1.64 to 1 in NYSE & 3.06 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 51 in NYSE & 18 in Nasdaq
VIX Down 7.12% @ 17.23
Oil @ $50.02
Gold @ $1232.20
Stocks which were UP 2% or more included MU
FEYE SWIR YELP BIDU PCLN GOOGL
LVS WYNN CMG FFIV FSLR HIMX
CRUS SNDK BRCM VDSI PANW
NFLX SBUX CCJ DATA CSOD
TRIP.....
AH ER MKTO Down 6.25%, AKAM 4.89%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, tonight IBD is changing its market outlook to "market in resumed uptrend". TAPE celebrated optimism about Greece willingness to compromise and work with EU, there may be few hiccups along the way, but by end of the month, everything should be resolved. Indices have been erratic, one day UP and one day Down, we may be setting up for a down day on Wednesday, good day to add on weakness.
BLOG does NOT give buy or sell.
Saleem
Indices UP .65% to .1.13%....NICE !!!!
Greece is giving a very good reason for markets to rally.Indices are @ high of the day.
S&P 500 @ 2064.30, high 2065.38, low 2048.62
Internals are positive .
Oil Down $2.79
Gold Down $8.80
Canadian $ Down 1.41 cent @ 73.93
VIX Down 5.79% @ 17.49
In my portfolio :
Sold TSL @$10.20
Portfolio AKS BBRY EGO GPRO MU
Most stocks are UP
@ 2.46 following are red :
AKS EGO GPRO QIHU TWTR KORS JKS EXPE
MA V FSLR SPWR YNDX FNSR SPLK STLD
X SU ABX SLW AEM CNQ TRLA Z ...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2064.30, high 2065.38, low 2048.62
Internals are positive .
Oil Down $2.79
Gold Down $8.80
Canadian $ Down 1.41 cent @ 73.93
VIX Down 5.79% @ 17.49
In my portfolio :
Sold TSL @$10.20
Portfolio AKS BBRY EGO GPRO MU
Most stocks are UP
@ 2.46 following are red :
AKS EGO GPRO QIHU TWTR KORS JKS EXPE
MA V FSLR SPWR YNDX FNSR SPLK STLD
X SU ABX SLW AEM CNQ TRLA Z ...
BLOG does NOT give buy or sell.
Saleem
Monday, February 9, 2015
Indices closed down .39% to .53%...
Indices closed lower on negative sentiment due to Greece, China & Ukraine.
S&P 500 @ 2046.74, low 2041.88, high 2056.16
RSI @ 52.05
CMF @ 0.088
Internals were :
Down volume led by 1.41 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 1.72 to 1 in Nasdaq
Net new 52 wk highs were leading by 37 in NYSE & 10 in Nasdaq
VIX UP 7.29% @ 18.55
Oil @ $52.86
Gold @ $1241.50
AH ER NTES UP 2.58%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure due to weak data from China & uncertainty about Greece debt. Chinese inflation data is below expectations both @ consumer level & wholesale level. These weakness allows many to buy strong stocks @ lower prices. Internals were neutral in this selling. Hopefully we should get a strong day on Tuesday as it has been an UP & Down market taking turns.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2046.74, low 2041.88, high 2056.16
RSI @ 52.05
CMF @ 0.088
Internals were :
Down volume led by 1.41 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 1.72 to 1 in Nasdaq
Net new 52 wk highs were leading by 37 in NYSE & 10 in Nasdaq
VIX UP 7.29% @ 18.55
Oil @ $52.86
Gold @ $1241.50
AH ER NTES UP 2.58%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure due to weak data from China & uncertainty about Greece debt. Chinese inflation data is below expectations both @ consumer level & wholesale level. These weakness allows many to buy strong stocks @ lower prices. Internals were neutral in this selling. Hopefully we should get a strong day on Tuesday as it has been an UP & Down market taking turns.
BLOG does NOT give buy or sell.
Saleem
Indices down .27% to .52%.....
Indices are @ low of the day due to Greece & Ukraine situation.
S&P 500 @ 2047.77, low 2046.78, high 2056.16
Internals are negative
Oil UP $1.72
Gold UP $7.10
Canadian $ UP 86 tick @ 75.63
VIX UP 8.27% @ 18.72
In my portfolio :
Sold KORS @ $72.52
Added 90% GPRO @ $44.63
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are down
@ 2.24 following are green :
AKS EGO TSL LEN JCP OTEX GG LNKD BIDU
GRPN FB LULU AAPL PCLN BABA COH
LVS JKS CSIQ SU SPWR YNDX CRUS
CIEN JDSU FNSR X STLD ABX SLW
AEM CCJ CSOD MGA CNQ TRLA
Z WYNN AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2047.77, low 2046.78, high 2056.16
Internals are negative
Oil UP $1.72
Gold UP $7.10
Canadian $ UP 86 tick @ 75.63
VIX UP 8.27% @ 18.72
In my portfolio :
Sold KORS @ $72.52
Added 90% GPRO @ $44.63
Portfolio AKS BBRY EGO GPRO MU TSL
Most stocks are down
@ 2.24 following are green :
AKS EGO TSL LEN JCP OTEX GG LNKD BIDU
GRPN FB LULU AAPL PCLN BABA COH
LVS JKS CSIQ SU SPWR YNDX CRUS
CIEN JDSU FNSR X STLD ABX SLW
AEM CCJ CSOD MGA CNQ TRLA
Z WYNN AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 8, 2015
Are we all set to make new highs ?
TAPE has been fighting many challenges in last few weeks.
-Greece is the biggest issue in near term....
-US Fed hiking interest rate is the second biggest fear....
-Oil got everybody's attention......
-US$ is staring down many currencies
US and European markets are trying to ignore all of the above issues and looking @ short term gains plus long term effect of the above....
Greece situation should resolve by end of February when all negotiations will come to avert a major default.....
US Fed hiking interest rates will wait till 2nd half of this year, so June is the month to increase .25% hike .
Oil is finding support above $42 area and may build UP from here to touch $60 and may stay there for a while.....when oil hits $60, all the gains to lower gasoline prices may evaporate in a hurry, gas prices goes UP much faster......
US$ may be hitting its ceiling soon and may come down a touch to give upward bias to Oil, Gold ,Commodities......
All US indices are staring @ old highs, Dow only 280 points away, S&P 500 only 88 points away and Nasdaq only 70 points away.....
I am expecting that in current TAPE, we should take out highs of January 2015 easily.....which means all time new highs for Dow & S&P 500, while Nasdaq may be inching towards 5000++ by March 2015......
Most stocks are finding buyers, as they all have rested for a while and have been taken down in January meltdown......
It may be the right time to overweight your exposure in a diversified portfolio, i am @ my highest exposure in 2 years and may increase it further. I am much more optimistic after a corrective phase like January selling.
SO...investing environment is much more stable in February compared to January, take advantage of this stability and find good strong stocks to grow your portfolio.
Good luck with your own due diligence and careful analysis.
BLOG does NOT give buy or sell.
Saleem
-Greece is the biggest issue in near term....
-US Fed hiking interest rate is the second biggest fear....
-Oil got everybody's attention......
-US$ is staring down many currencies
US and European markets are trying to ignore all of the above issues and looking @ short term gains plus long term effect of the above....
Greece situation should resolve by end of February when all negotiations will come to avert a major default.....
US Fed hiking interest rates will wait till 2nd half of this year, so June is the month to increase .25% hike .
Oil is finding support above $42 area and may build UP from here to touch $60 and may stay there for a while.....when oil hits $60, all the gains to lower gasoline prices may evaporate in a hurry, gas prices goes UP much faster......
US$ may be hitting its ceiling soon and may come down a touch to give upward bias to Oil, Gold ,Commodities......
All US indices are staring @ old highs, Dow only 280 points away, S&P 500 only 88 points away and Nasdaq only 70 points away.....
I am expecting that in current TAPE, we should take out highs of January 2015 easily.....which means all time new highs for Dow & S&P 500, while Nasdaq may be inching towards 5000++ by March 2015......
Most stocks are finding buyers, as they all have rested for a while and have been taken down in January meltdown......
It may be the right time to overweight your exposure in a diversified portfolio, i am @ my highest exposure in 2 years and may increase it further. I am much more optimistic after a corrective phase like January selling.
SO...investing environment is much more stable in February compared to January, take advantage of this stability and find good strong stocks to grow your portfolio.
Good luck with your own due diligence and careful analysis.
BLOG does NOT give buy or sell.
Saleem
Friday, February 6, 2015
Indices closed down .34% to .43%.....
Indices closed down on fear of higher interest & Greece downgrade to B-.
S&P 500 @ 2055.47, low 2049.97, high 2072.40
RSI @ 54.04
CMF @ 0.082
Internals were :
Down volume led by 1.26 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.73 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 114 in NYSE & 66 in Nasdaq
VIX UP 2.61% @ 17.29
Oil @ $51.69
Gold @ $1234.60
Canadian $ @ 74.77
Stocks which closed green were AKS KORS TSL
LEN JCP QIHU TWTR LNKD GOOGL NXPI
COH CSIQ DNKN EBAY FFIV CIEN C
FNSR GMCR SPLK CSOD MGA MS
GS.....
Here is my weighting :
MU 23.80%
EGO 22.27%
BBRY 14.08%
KORS 12.70%
TSL 11.77%
GPRO 9.70%
AKS 5.68%
Exposure 249%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2055.47, low 2049.97, high 2072.40
RSI @ 54.04
CMF @ 0.082
Internals were :
Down volume led by 1.26 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.73 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 114 in NYSE & 66 in Nasdaq
VIX UP 2.61% @ 17.29
Oil @ $51.69
Gold @ $1234.60
Canadian $ @ 74.77
Stocks which closed green were AKS KORS TSL
LEN JCP QIHU TWTR LNKD GOOGL NXPI
COH CSIQ DNKN EBAY FFIV CIEN C
FNSR GMCR SPLK CSOD MGA MS
GS.....
Here is my weighting :
MU 23.80%
EGO 22.27%
BBRY 14.08%
KORS 12.70%
TSL 11.77%
GPRO 9.70%
AKS 5.68%
Exposure 249%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, February 5, 2015
Indices closed UP 1.03% to 1.20%....NICE !!!!
Indices closed @ high of the day.
S&P 500 @ 2062.52, high 2063.55, low 2043.45
RSI @ 55.63
CMF @ 0.150
Internals were :
UP volume led by 4.16 to 1 in NYSE & 3.05 to 1 in Nasdaq
Advancing stocks led by 3.12 to 1 in NYSE & 2.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 124 in NYSE & 54 in Nasdaq
VIX Down 8.07% @ 16.85
Oil @ $50.48
Gold @ $1262.70
Stocks which were UP 2% included BBRY EGO GPRO TSL
FEYE OTEX LNKD GRPN JKS AMZN SU YUM YNDX
V CIEN JDSU FNSR DATA SPLK STLD CSOD CNQ....
AH ER..EXPE Down 8.01%, YELP Down 10.39%,
GPRO Down 15.30%, LNKD UP 7.68%
TWTR UP 9.04%
GPRO beat on Sales & EPS in Q4 by a wide margin, guiding
higher Sales in Q1 and 1 cent lower in EPS...TWTR & LNKD
all guiding light in Sales but are being propped UP.......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed strength on higher oil prices. IBD still saying that "uptrend under pressure". Friday is all about Jobs data, expectations are for job growth of 230,000, many are predicting a miss, which will be taken as positive as Fed interest hike will be delayed.TAPE wants to move UP and any weakness in your preferred stock needs to be bought.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2062.52, high 2063.55, low 2043.45
RSI @ 55.63
CMF @ 0.150
Internals were :
UP volume led by 4.16 to 1 in NYSE & 3.05 to 1 in Nasdaq
Advancing stocks led by 3.12 to 1 in NYSE & 2.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 124 in NYSE & 54 in Nasdaq
VIX Down 8.07% @ 16.85
Oil @ $50.48
Gold @ $1262.70
Stocks which were UP 2% included BBRY EGO GPRO TSL
FEYE OTEX LNKD GRPN JKS AMZN SU YUM YNDX
V CIEN JDSU FNSR DATA SPLK STLD CSOD CNQ....
AH ER..EXPE Down 8.01%, YELP Down 10.39%,
GPRO Down 15.30%, LNKD UP 7.68%
TWTR UP 9.04%
GPRO beat on Sales & EPS in Q4 by a wide margin, guiding
higher Sales in Q1 and 1 cent lower in EPS...TWTR & LNKD
all guiding light in Sales but are being propped UP.......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed strength on higher oil prices. IBD still saying that "uptrend under pressure". Friday is all about Jobs data, expectations are for job growth of 230,000, many are predicting a miss, which will be taken as positive as Fed interest hike will be delayed.TAPE wants to move UP and any weakness in your preferred stock needs to be bought.
BLOG does NOT give buy or sell.
Saleem
Indices UP .77% to .88%....NICE !!!!
Indices are staging a strong rally and its @ high of the day.
S&P 500 2058.94, high 2060.68, low 2043.45
Internals are positive by minimum 2 to 1
Oil UP $2.12
Gold Down 50 cents
Canadian $ UP 1.34 cent @ 75.61
VIX UP 5.51% @ 17.31
Bought KORS @ $67.60
Portfolio AKS BBRY EGO GPRO KORS MU TSL
GPRO reports AH, here are expectations :
Sales Q4 $580.33 Million, EPS 70 cents
Sales guidance Q1 $324.74 Million, EPS 17 cents
Expecting a beat and higher guidance
Most stocks are UP
@ 2.50 following are red :
KORS SWIR LEN YHOO BIDU BABA FB LULU NXPI
NFLX CSIQ M GMCR X COH TRIP MLNX WUBA
SINA DNKN CMG HIMX CRUS LSCC...
BLOG does NOT give buy or sell.
Saleem
S&P 500 2058.94, high 2060.68, low 2043.45
Internals are positive by minimum 2 to 1
Oil UP $2.12
Gold Down 50 cents
Canadian $ UP 1.34 cent @ 75.61
VIX UP 5.51% @ 17.31
Bought KORS @ $67.60
Portfolio AKS BBRY EGO GPRO KORS MU TSL
GPRO reports AH, here are expectations :
Sales Q4 $580.33 Million, EPS 70 cents
Sales guidance Q1 $324.74 Million, EPS 17 cents
Expecting a beat and higher guidance
Most stocks are UP
@ 2.50 following are red :
KORS SWIR LEN YHOO BIDU BABA FB LULU NXPI
NFLX CSIQ M GMCR X COH TRIP MLNX WUBA
SINA DNKN CMG HIMX CRUS LSCC...
BLOG does NOT give buy or sell.
Saleem
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