Indices closed @ low of the day.
S&P 500 @ 2067.89, low 2067.04, high 2084.05
RSI @ 47.37
CMF @ -0.069
Internals were :
Down volume led by 2.14 to 1 in NYSE & 2.42 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 32 in Nasdaq
VIX UP 5.38% @ 15.29
Oil @ $47.60
Gold @ $1183.10
AH ER WEN UP 3.21%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE did a complete U turn and took Dow & S&P 500 back below 50 DMA. This erratic behavior is extremely alarming. Looks like we may take out previous lows of 3 days ago @ the minimum, this also means that Nasdaq may go below 50 DMA , next support may be near 200 DMA for all indices. April fools day may not be so funny in markets, its looking sharply lower.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 31, 2015
Indices down .41% to .55%.....
Indices are lower today & near low of the day,reason for weakness could be lower Oil....
S&P 500 @ 2077.76, low 2073.31, high 2084.05
Internals are negative
Oil Down 75 cents
Gold Down $2.10
Canadian $ UP 17 tick @ 73.44, January GDP came in better than expected, shrank .1% vs expectations of negative .2%
VIX UP 2.76% @ 14.91
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
Most stocks are down
@ 2.36 following are green by @ least 1% :
BBRY GPRO QIHU YY PCLN JCP TWTR MU
WUBA CSIQ M MGA ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2077.76, low 2073.31, high 2084.05
Internals are negative
Oil Down 75 cents
Gold Down $2.10
Canadian $ UP 17 tick @ 73.44, January GDP came in better than expected, shrank .1% vs expectations of negative .2%
VIX UP 2.76% @ 14.91
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
Most stocks are down
@ 2.36 following are green by @ least 1% :
BBRY GPRO QIHU YY PCLN JCP TWTR MU
WUBA CSIQ M MGA ....
BLOG does NOT give buy or sell.
Saleem
Monday, March 30, 2015
Indices closed UP 1.15% to 1.49%.....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2086.24, high 2088.97, low 2064.11
RSI @ 52.06
CMF @ -0.022
Internals were :
UP volume led by 5.52 to 1 in NYSE & 2.34 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 129 in NYSE & 59 in Nasdaq
VIX Down 3.72% @ 14.51
Oil @ $48.68
Gold @ $1184.80
Stocks which were UP 2% or more included AKS GPRO
LEN TSLA AAPL NXPI JCP BRCM FNSR X
STLD MLNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong on China stimulus hope & merger activities, US housing data was also strong. All indices are above 50 DMA which is a good sign of future TAPE action, internals of the market improved substantially. I am expecting a strong follow through tomorrow. Conviction & patience till end of April should pay off nicely. There are many skeptics of this rally which is a very reliable contrary indicator.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2086.24, high 2088.97, low 2064.11
RSI @ 52.06
CMF @ -0.022
Internals were :
UP volume led by 5.52 to 1 in NYSE & 2.34 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 129 in NYSE & 59 in Nasdaq
VIX Down 3.72% @ 14.51
Oil @ $48.68
Gold @ $1184.80
Stocks which were UP 2% or more included AKS GPRO
LEN TSLA AAPL NXPI JCP BRCM FNSR X
STLD MLNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong on China stimulus hope & merger activities, US housing data was also strong. All indices are above 50 DMA which is a good sign of future TAPE action, internals of the market improved substantially. I am expecting a strong follow through tomorrow. Conviction & patience till end of April should pay off nicely. There are many skeptics of this rally which is a very reliable contrary indicator.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.07% to 1.59%.....NICE !!!!
Indices are rocketing UP & @ high of the day on hope for Chinese stimulus. US housing was stronger than expected.
S&P 500 @ 2086.94, high 2087.89, low 2064.11
Internals are positive by almost 3 to 1 in NYSE & almost 2 to 1 in Nasdaq
Oil Down $1.08
Gold Down $15.30
Canadian $ Down 85 tick @ 73.07, Q1 GDP is expected to be awful, to be released tomorrow.
VIX Down 6.10% @ 14.15
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
Most stocks are UP
@ 2.16 following are red :
BBRY KORS SWIR VDSI QIHU YY LNKD BABA TWTR
JKS CSIQ SINA CMG HIMX CRUS LSCC SPLK ABX
SLW AEM GG EGO SPWR......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2086.94, high 2087.89, low 2064.11
Internals are positive by almost 3 to 1 in NYSE & almost 2 to 1 in Nasdaq
Oil Down $1.08
Gold Down $15.30
Canadian $ Down 85 tick @ 73.07, Q1 GDP is expected to be awful, to be released tomorrow.
VIX Down 6.10% @ 14.15
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
Most stocks are UP
@ 2.16 following are red :
BBRY KORS SWIR VDSI QIHU YY LNKD BABA TWTR
JKS CSIQ SINA CMG HIMX CRUS LSCC SPLK ABX
SLW AEM GG EGO SPWR......
BLOG does NOT give buy or sell.
Saleem
Sunday, March 29, 2015
TAPE may find buying support.......
S&P 500 is @ the same level as it was back in 3rd week of November, so we have a basing pattern for almost 4 months, as it is commonly know that "longer the base, higher it goes"...
Dow & S&P 500 are both below 50 DMA.....
Nasdaq is above 50 DMA......
CMF is almost positive now......
Yemen is the latest "monkey wrench" to spill uncertainty on Wall Street......
Chinese economy is heading towards slowest growth in 10+ years
European economy is finding footing and growing slowly....
US economy is maintaining its moderate growth.....
Jobs growth is maintaining a healthy 250K+ range in US....
Canada, Australia, OPEC and Brazil economies are in trouble with low low Oil prices.
It is a very mixed picture when you look @ world economies.....
No wonder US stock market has done nothing for 4 months.....
Because of the above, US stock market may be resting for a while until Q4......
We have a window of seasonal strength for about 5 weeks..after that all bets are off as "sell in May " may be the worst in a while........
SO ....trading this market has some juice left until end of April....try to capitalize on this favorable environment...and then WATCH OUT.....
This is a 4 day week as we are closed for "Good Friday" in US & Canada......
Hopefully, this week and April will favor bullish TAPE......
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 are both below 50 DMA.....
Nasdaq is above 50 DMA......
CMF is almost positive now......
Yemen is the latest "monkey wrench" to spill uncertainty on Wall Street......
Chinese economy is heading towards slowest growth in 10+ years
European economy is finding footing and growing slowly....
US economy is maintaining its moderate growth.....
Jobs growth is maintaining a healthy 250K+ range in US....
Canada, Australia, OPEC and Brazil economies are in trouble with low low Oil prices.
It is a very mixed picture when you look @ world economies.....
No wonder US stock market has done nothing for 4 months.....
Because of the above, US stock market may be resting for a while until Q4......
We have a window of seasonal strength for about 5 weeks..after that all bets are off as "sell in May " may be the worst in a while........
SO ....trading this market has some juice left until end of April....try to capitalize on this favorable environment...and then WATCH OUT.....
This is a 4 day week as we are closed for "Good Friday" in US & Canada......
Hopefully, this week and April will favor bullish TAPE......
BLOG does NOT give buy or sell.
Saleem
Friday, March 27, 2015
Indices closed UP .19% to .57%...NICE !!!!
Indices closed near high of the day on slower GDP growth vs expectations. Janet Yellen speech 15 minutes before close affirmed data driven approach to raising interest rate, which helped bullish case.
S&P 500 @ 2061.02, high 2062.83, low 2052.96
RSI @ 45.12
CMF @ -0.009
Internals were :
UP volume led by .88 to 1 in NYSE & 1.84 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & lows by 6 in Nasdaq
VIX Down 4.62% @ 15.07
Oil @ $48.87
Gold @ $1199.80
Canadian $ @ 73.92
Stocks which were UP 1% or more included AKS BBRY SWIR
YHOO NXPI FEYE LEN YELP WUBA COH JKS FFIV
YNDX CRUS BRCM LSCC AAL SPLK CSOD
MLNX .....
BBRY ER was a beat on EPS by 8 cents, instead of 4 cents loss they earned 4 cents, Sales way below expectations , Software revenue were better than expected.
Here is my weighting :
KORS 20.34%
GPRO 18.74%
BBRY 18.20%
LULU 17.37%
SWIR 10.17%
AKS 8.33%
VDSI 6.85
Exposure 246%
Next post around 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2061.02, high 2062.83, low 2052.96
RSI @ 45.12
CMF @ -0.009
Internals were :
UP volume led by .88 to 1 in NYSE & 1.84 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & lows by 6 in Nasdaq
VIX Down 4.62% @ 15.07
Oil @ $48.87
Gold @ $1199.80
Canadian $ @ 73.92
Stocks which were UP 1% or more included AKS BBRY SWIR
YHOO NXPI FEYE LEN YELP WUBA COH JKS FFIV
YNDX CRUS BRCM LSCC AAL SPLK CSOD
MLNX .....
BBRY ER was a beat on EPS by 8 cents, instead of 4 cents loss they earned 4 cents, Sales way below expectations , Software revenue were better than expected.
Here is my weighting :
KORS 20.34%
GPRO 18.74%
BBRY 18.20%
LULU 17.37%
SWIR 10.17%
AKS 8.33%
VDSI 6.85
Exposure 246%
Next post around 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 26, 2015
Indices closed down .23% to .27%......
Indices closed mid way in their trading range.
S&P 500 @ 2056.15, low 2045.50, high 2067.15
RSI @ 43.66
CMF @ -0.078
Internals were :
Down volume led by 1.92 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk lows were leading by 3 in NYSE & 28 in Nasdaq
VIX UP 2.33% @ 15.80
Oil @ $51.43
Gold @ $1204.80
AH News...YHOO UP 2.18%, RH Down 4.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE finally found support @ low of the day today, bargain hunters came in & scooped quality stocks. We should see a strong day on Friday by close. TAPE has worked off overbought conditions which is very healthy for near term action. Good idea to be fully invested @ this stage in strong stocks which were leaders before. Momentum should be on the buy side now.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2056.15, low 2045.50, high 2067.15
RSI @ 43.66
CMF @ -0.078
Internals were :
Down volume led by 1.92 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk lows were leading by 3 in NYSE & 28 in Nasdaq
VIX UP 2.33% @ 15.80
Oil @ $51.43
Gold @ $1204.80
AH News...YHOO UP 2.18%, RH Down 4.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE finally found support @ low of the day today, bargain hunters came in & scooped quality stocks. We should see a strong day on Friday by close. TAPE has worked off overbought conditions which is very healthy for near term action. Good idea to be fully invested @ this stage in strong stocks which were leaders before. Momentum should be on the buy side now.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are trying a V bottom as strong buying came in near support area above 2040 area. Attack in Yemen brought back buyers.
S&P 500 @ 2062.55, high 2067.15, low 2045.50
Internals are negative.
Oil UP $2.23..highest close in this rebound
Gold UP $5.10..highest close since recent slump...
Canadian $ UP 33 tick @ 75.19
VIX UP 1.42% @ 15.66
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
LULU reported a beat in Sales & EPS by 5 cents
Guidance was trimmed to reflect weather,port strike delay & currency loss in Canada & Australia, all of which impacted Sales in current Q. LULU assured barring above one time items everything is moving in right direction. LULU up over 6%.....
Most stocks are down
@ 2.46 following are green by 1% or more :
AKS BBRY GPRO LULU VDSI TWTR QIHU AAPL
SU AMCC FNSR SPLK DATA CNQ.......
BBRY reports before open Friday, here are the expectations :
Q4 Sales $793.69 Million, EPS loss of 4 cents
Guidance expected Q1 Sales $818.63 Million , loss of 3 cents.
There is a good chance that BBRY may beat EPS....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2062.55, high 2067.15, low 2045.50
Internals are negative.
Oil UP $2.23..highest close in this rebound
Gold UP $5.10..highest close since recent slump...
Canadian $ UP 33 tick @ 75.19
VIX UP 1.42% @ 15.66
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
LULU reported a beat in Sales & EPS by 5 cents
Guidance was trimmed to reflect weather,port strike delay & currency loss in Canada & Australia, all of which impacted Sales in current Q. LULU assured barring above one time items everything is moving in right direction. LULU up over 6%.....
Most stocks are down
@ 2.46 following are green by 1% or more :
AKS BBRY GPRO LULU VDSI TWTR QIHU AAPL
SU AMCC FNSR SPLK DATA CNQ.......
BBRY reports before open Friday, here are the expectations :
Q4 Sales $793.69 Million, EPS loss of 4 cents
Guidance expected Q1 Sales $818.63 Million , loss of 3 cents.
There is a good chance that BBRY may beat EPS....
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 25, 2015
Indices closed down 1.46% to 2.37%......
Indices closed @ low of the day.
S&P 500 @ 2061.05, low 2061.05, high 2097.43
RSI @ 44.77
CMF @ -0.059
Internals were :
Down volume led by 3.07 to 1 in NYSE & 5.88 to 1 in Nasdaq
Declining stocks led by 2.80 to 1 in NYSE & 4.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 18 in Nasdaq
VIX UP 13.36% @ 15.44
Oil @ $49.21
Gold @ $1199.30
In my portfolio :
Sold MU @ $26.56
Bought VDSI @ $22.42
Added 60% LULU @ $61.63
Added 125% SWIR @ $33.23
AH ER...RHT UP 5.17%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
Before open, LULU reports, expectations are :
Sales Q4 $601.86 million, EPS 73 Cents
Guidance expected Q1 Sales $441.88 million, EPS 39 cents
Despite extreme pessimism in LULU from pundits, i expect a beat on EPS.......
About market, TAPE was "ugly" today and closed @ lowest level fractions included, S&P has close @ absolute lowest point 3 day's in a row, an extreme rarity in any TAPE. Dow & S&P 500 both closed below 50 DMA, IBD has changed its market outlook to "market under pressure". I think we are approaching an excellent "buying environment"........
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2061.05, low 2061.05, high 2097.43
RSI @ 44.77
CMF @ -0.059
Internals were :
Down volume led by 3.07 to 1 in NYSE & 5.88 to 1 in Nasdaq
Declining stocks led by 2.80 to 1 in NYSE & 4.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 18 in Nasdaq
VIX UP 13.36% @ 15.44
Oil @ $49.21
Gold @ $1199.30
In my portfolio :
Sold MU @ $26.56
Bought VDSI @ $22.42
Added 60% LULU @ $61.63
Added 125% SWIR @ $33.23
AH ER...RHT UP 5.17%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
Before open, LULU reports, expectations are :
Sales Q4 $601.86 million, EPS 73 Cents
Guidance expected Q1 Sales $441.88 million, EPS 39 cents
Despite extreme pessimism in LULU from pundits, i expect a beat on EPS.......
About market, TAPE was "ugly" today and closed @ lowest level fractions included, S&P has close @ absolute lowest point 3 day's in a row, an extreme rarity in any TAPE. Dow & S&P 500 both closed below 50 DMA, IBD has changed its market outlook to "market under pressure". I think we are approaching an excellent "buying environment"........
BLOG does NOT give buy or sell.
Saleem
Indices down 1.87% to 1.72%.....
Indices are @ low of the day as US data came in lower than expected despite upbeat data from Germany.
S&P 500 @ 2073.13, low 2069.16, high 2097.43
Internals are negative by 2 to 1 in NYSE & over 3 to 1 in Nasdaq
Oil UP $1.80
Gold UP $5.60
Canadian $ Down 14 tick @ 74.95
VIX UP 10.06% @ 14.99
Portfolio AKS BBRY GPRO LULU KORS MU SWIR
Most stocks are down
@ 2.22 following are green :
AKS GPRO KORS BABA COH SU YNDX GRPN
X STLD AEM CNQ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2073.13, low 2069.16, high 2097.43
Internals are negative by 2 to 1 in NYSE & over 3 to 1 in Nasdaq
Oil UP $1.80
Gold UP $5.60
Canadian $ Down 14 tick @ 74.95
VIX UP 10.06% @ 14.99
Portfolio AKS BBRY GPRO LULU KORS MU SWIR
Most stocks are down
@ 2.22 following are green :
AKS GPRO KORS BABA COH SU YNDX GRPN
X STLD AEM CNQ......
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 24, 2015
Indices closed down .32% to .61%......
Indices gave up gains and closed @ low of the day.
S&P 500 @ 2091.50, low 2091.50, high 2107.63
RSI @ 52.50
CMF @ -0.014
Internals were :
Down volume led by 1.97 to 1 in NYSE & 1.72 to 1 in Nasdaq
Declining stocks led by 1.29 to 1 in NYSE & 1.05 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 72 in Nasdaq
VIX UP 1.57% @ 13.62
Oil @ $47.51
Gold @ $1191.40
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE struggled with growth in US & Germany & slowdown in China, in the end fear of interest rate hike took hold. S&P 500 closed @ absolute low of the day including fraction for two days in a row, not a sign of strength. Last two days TAPE is a mystery for me, gains are lost in a hurry and low of the day close all over. CMF has dipped in red for the first time since February in Dow & S&P 500 while Nasdaq is ready to go in red. I still believe any weakness to be bought while we churn & build a base for new all time highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.50, low 2091.50, high 2107.63
RSI @ 52.50
CMF @ -0.014
Internals were :
Down volume led by 1.97 to 1 in NYSE & 1.72 to 1 in Nasdaq
Declining stocks led by 1.29 to 1 in NYSE & 1.05 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 72 in Nasdaq
VIX UP 1.57% @ 13.62
Oil @ $47.51
Gold @ $1191.40
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE struggled with growth in US & Germany & slowdown in China, in the end fear of interest rate hike took hold. S&P 500 closed @ absolute low of the day including fraction for two days in a row, not a sign of strength. Last two days TAPE is a mystery for me, gains are lost in a hurry and low of the day close all over. CMF has dipped in red for the first time since February in Dow & S&P 500 while Nasdaq is ready to go in red. I still believe any weakness to be bought while we churn & build a base for new all time highs.
BLOG does NOT give buy or sell.
Saleem
Indices down .19% to .43%.....
Indices are @ low of the day on strong housing data in US on fear of higher interest rate. Data was strong in Germany and weak in China.
S&P 500 @ 2095.36, low 2095.31, high 2107.63
Internals are negative
Oil UP 31 cents
Gold UP $5.30
Canadian $ UP 35 tick @ 75.13
VIX Down .82% @ 13.30
Portfolio AKS BBRY GPRO LULU KORS MU SWIR
Most stocks are lower
@ 2.23 following are green :
AKS BBRY SWIR TWTR LEN QIHU YELP LNKD
TSLA GOOGL FB JCP EGO JKS CSIQ SINA
EBAY YUM FSLR YNDX CIEN NFLX
GMCR SBUX MCD X CCJ DATA
CSOD SPWR MGA CNQ AGU....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2095.36, low 2095.31, high 2107.63
Internals are negative
Oil UP 31 cents
Gold UP $5.30
Canadian $ UP 35 tick @ 75.13
VIX Down .82% @ 13.30
Portfolio AKS BBRY GPRO LULU KORS MU SWIR
Most stocks are lower
@ 2.23 following are green :
AKS BBRY SWIR TWTR LEN QIHU YELP LNKD
TSLA GOOGL FB JCP EGO JKS CSIQ SINA
EBAY YUM FSLR YNDX CIEN NFLX
GMCR SBUX MCD X CCJ DATA
CSOD SPWR MGA CNQ AGU....
BLOG does NOT give buy or sell.
Saleem
Monday, March 23, 2015
Indices closed down .06% to .31%......
Indices closed lower after giving up all the gains.
S&P 500 @ 2104.42, low 2104.42, high 2114.86
RSI @ 56.33
CMF @ 0.057
Internals were :
UP volume led by 1.44 to 1 in NYSE & .75 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 225 in NYSE & 115 in Nasdaq
VIX UP 3.00% @ 13.41
Oil @ $47.45
Gold @ $1187.70
Stocks which were UP included AKS GPRO KORS
QIHU GG YY YELP BIDU AAPL JCP WUBA
COH BIDU JKS CSIQ SU EBAY MCD X
STLD ABX SLW AEM CNQ WYNN....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE traded in a very narrow range, indices closed @ absolutely lowest point of the day including fraction. Market internals stayed healthy and marked time for a further move higher. I expect this TAPE to hit all time highs this week. Next six weeks are extremely bullish in terms of seasonality, after that "sell in may " takes over. It may not be a bad idea to capitalize on this seasonal strength.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2104.42, low 2104.42, high 2114.86
RSI @ 56.33
CMF @ 0.057
Internals were :
UP volume led by 1.44 to 1 in NYSE & .75 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 225 in NYSE & 115 in Nasdaq
VIX UP 3.00% @ 13.41
Oil @ $47.45
Gold @ $1187.70
Stocks which were UP included AKS GPRO KORS
QIHU GG YY YELP BIDU AAPL JCP WUBA
COH BIDU JKS CSIQ SU EBAY MCD X
STLD ABX SLW AEM CNQ WYNN....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE traded in a very narrow range, indices closed @ absolutely lowest point of the day including fraction. Market internals stayed healthy and marked time for a further move higher. I expect this TAPE to hit all time highs this week. Next six weeks are extremely bullish in terms of seasonality, after that "sell in may " takes over. It may not be a bad idea to capitalize on this seasonal strength.
BLOG does NOT give buy or sell.
Saleem
Indices UP .07% to .38%...NICE !!!!
Indices are green and near high of the day as US$ pulls back again.
S&P 500 @ 2113.15, high 2114.86, low 2107.90
Internals are positive almost 2 to 1
Oil UP 1 cent
Gold UP $2.80
Canadian $ UP 45 tick @ 74.97
VIX Down .38% @ 12.97
In my portfolio :
Bought SWIR @ $34.00
Portfolio AKS BBRY GPRO LULU KORS MU SWIR
Most stocks are UP
@ 2.29 following are red :
LULU MU SWIR LEN OTEX YHOO LNKD BABA
NXPI EGO AMZN FFIV SNDK BRCM CIEN
JDSU FNSR C NFLX AAL SPLK MGA Z
GS MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2113.15, high 2114.86, low 2107.90
Internals are positive almost 2 to 1
Oil UP 1 cent
Gold UP $2.80
Canadian $ UP 45 tick @ 74.97
VIX Down .38% @ 12.97
In my portfolio :
Bought SWIR @ $34.00
Portfolio AKS BBRY GPRO LULU KORS MU SWIR
Most stocks are UP
@ 2.29 following are red :
LULU MU SWIR LEN OTEX YHOO LNKD BABA
NXPI EGO AMZN FFIV SNDK BRCM CIEN
JDSU FNSR C NFLX AAL SPLK MGA Z
GS MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, March 22, 2015
All set for new all time highs......
Indices are all set to make new all time highs.
US$ is retreating...
Oil is finding support
Gold is gaining strength
Silver is looking strong
Non US$ currencies are spiking UP
RSI @ 57.44 has lot of room to move UP
Since December of 2014, S&P 500 has not moved UP and has built a nice base over 4 months.
There is a lot of skepticism among traders about this rally, which is a good contrary indicator.
S&P 500 can easily rocket UP to 2150.....
Nasdaq which is the strongest of all major indices except RUT, has RSI of 64.71, this still leaves room for hitting 5,100.....
This is a very good environment for adding exposure and buy strong stocks.....
Many strong stocks are all set to go to new highs.....
Software and security stocks are pulling back, they may be ripe for picking.
@ this stage you may be able to pick gains in EEM stocks along with currency gains, this can add up to substantial gains in total return as their currency appreciates along with stock prices......Canadian stocks fits this idea nicely.
Coming weeks may be the most opportune time to add substantial gains in your portfolio.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
US$ is retreating...
Oil is finding support
Gold is gaining strength
Silver is looking strong
Non US$ currencies are spiking UP
RSI @ 57.44 has lot of room to move UP
Since December of 2014, S&P 500 has not moved UP and has built a nice base over 4 months.
There is a lot of skepticism among traders about this rally, which is a good contrary indicator.
S&P 500 can easily rocket UP to 2150.....
Nasdaq which is the strongest of all major indices except RUT, has RSI of 64.71, this still leaves room for hitting 5,100.....
This is a very good environment for adding exposure and buy strong stocks.....
Many strong stocks are all set to go to new highs.....
Software and security stocks are pulling back, they may be ripe for picking.
@ this stage you may be able to pick gains in EEM stocks along with currency gains, this can add up to substantial gains in total return as their currency appreciates along with stock prices......Canadian stocks fits this idea nicely.
Coming weeks may be the most opportune time to add substantial gains in your portfolio.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, March 20, 2015
Indices closed UP .68% to .94%...NICE !!!!
Indices closed near high of the day as US$ retreated. RUT closed @ new all time high, other indices are all set to take out their all time highs in short order.
S&P 500 @ 2108.06, high 2113.92, 2090.32
RSI @ 57.44
CMF @ 0.141
Internals were :
UP volume led by 5.19 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 3.95 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 272 in NYSE & 192 in Nasdaq
VIX Down 7.46% @ 13.02
Oil @ $45.72
Gold @ $1184.60
Canadian $ 74.52
Stocks which were UP 2% or more included GPRO LULU MU
QIHU GG EGO YY NXPI SNDK BRCM AMCC FNSR
X STLD SLW AEM CCJ CNQ TRIP......
Here is my weighting :
MU 26.62%
KORS 19.73%
BBRY 17.97%
GPRO 17.41%
LULU 10.90%
AKS 7.37%
Exposure 241%
Next post on Sunday around 2 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2108.06, high 2113.92, 2090.32
RSI @ 57.44
CMF @ 0.141
Internals were :
UP volume led by 5.19 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 3.95 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 272 in NYSE & 192 in Nasdaq
VIX Down 7.46% @ 13.02
Oil @ $45.72
Gold @ $1184.60
Canadian $ 74.52
Stocks which were UP 2% or more included GPRO LULU MU
QIHU GG EGO YY NXPI SNDK BRCM AMCC FNSR
X STLD SLW AEM CCJ CNQ TRIP......
Here is my weighting :
MU 26.62%
KORS 19.73%
BBRY 17.97%
GPRO 17.41%
LULU 10.90%
AKS 7.37%
Exposure 241%
Next post on Sunday around 2 PM.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 19, 2015
Indices closed mixed.....
Indices closed near low of the day.
S&P 500 @ 2089.27, low 2085.56, high 2098.69
RSI @ 53.05
CMF @ 0.151
Internals were :
Down volume led by 3.30 to 1 in NYSE & 1.01 to 1 in Nasdaq
Declining stocks led by 1.82 to 1 in NYSE & .86 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 128 in Nasdaq
VIX UP .72% @ 14.07
Oil @ $43.96
Gold @ $1169.00
Canadian $ @ 72.84
Stocks which closed green included KORS TWTR VDSI YHOO
BIDU BABA FB JCP WUBA LVS CMG JKS SNDK AMCC
NFLX AAL M SBUX SLW CSOD WYNN Z MLNX....
AH News...NKE UP 4.44%, CTRP UP 8.37%, AKS Down 9.52%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, IBD is highlighting that "market uptrend is under pressure". TAPE was under selling pressure after rising yesterday. This TAPE remains very difficult to predict or navigate, patience and conviction can get through this back & forth action. Many stocks are performing well and it is a good idea to stay the course in those stocks.
BLOG does NOT give buy or sell.
PS...was tied up in some chores, thus missed afternoon BLOG. Every Friday there is a closing BLOG around 7 PM.
Saleem
S&P 500 @ 2089.27, low 2085.56, high 2098.69
RSI @ 53.05
CMF @ 0.151
Internals were :
Down volume led by 3.30 to 1 in NYSE & 1.01 to 1 in Nasdaq
Declining stocks led by 1.82 to 1 in NYSE & .86 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 128 in Nasdaq
VIX UP .72% @ 14.07
Oil @ $43.96
Gold @ $1169.00
Canadian $ @ 72.84
Stocks which closed green included KORS TWTR VDSI YHOO
BIDU BABA FB JCP WUBA LVS CMG JKS SNDK AMCC
NFLX AAL M SBUX SLW CSOD WYNN Z MLNX....
AH News...NKE UP 4.44%, CTRP UP 8.37%, AKS Down 9.52%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, IBD is highlighting that "market uptrend is under pressure". TAPE was under selling pressure after rising yesterday. This TAPE remains very difficult to predict or navigate, patience and conviction can get through this back & forth action. Many stocks are performing well and it is a good idea to stay the course in those stocks.
BLOG does NOT give buy or sell.
PS...was tied up in some chores, thus missed afternoon BLOG. Every Friday there is a closing BLOG around 7 PM.
Saleem
Wednesday, March 18, 2015
Indices closed UP .92% to 1.27%.....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2099.50, high 2106.85, low 2061.23
RSI @ 55.96
CMF @ 0.181
Internals were :
UP volume led by 5.41 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 4.62 to 1 in NYSE & 1.48 to 1 in nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 115 in Nasdaq
VIX Down 10.79% @ 13.97
Oil @ $44.66
Gold @ $1151.30
AH ER ..SLW Down 1.05%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed gave all the reasons for TAPE to be strong, downgrading US economy brought US$ down and gave boost to other currencies and commodities. Fed also prepared the market for interest rate hike beginning in June or thereafter. Nasdaq was a bit of a laggard as it was strong in previous two days. Expect TAPE to continue its move into series of new record high close all over. Russell made it into new all time high already today.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2099.50, high 2106.85, low 2061.23
RSI @ 55.96
CMF @ 0.181
Internals were :
UP volume led by 5.41 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 4.62 to 1 in NYSE & 1.48 to 1 in nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 115 in Nasdaq
VIX Down 10.79% @ 13.97
Oil @ $44.66
Gold @ $1151.30
AH ER ..SLW Down 1.05%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed gave all the reasons for TAPE to be strong, downgrading US economy brought US$ down and gave boost to other currencies and commodities. Fed also prepared the market for interest rate hike beginning in June or thereafter. Nasdaq was a bit of a laggard as it was strong in previous two days. Expect TAPE to continue its move into series of new record high close all over. Russell made it into new all time high already today.
BLOG does NOT give buy or sell.
Saleem
Indices UP .21% to .37%....NICE !!!!
Fed removes word "patience" in their statement and stocks loves it & is @ high of the day.
S&P 500 @ 2087.10, high 2088.15, low 2061.23
Internals are negative
Oil Down 94 cents to new low on 80 year high inventory
Gold UP $2.40
Canadian $ UP 54 tick @ 72.66..had hit 6 year low earlier against US$
VIX Down 3% @ 15.19
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are down
@ 2.07 following are UP by @ least 1% :
AKS GPRO KORS MU VDSI FEYE LEN SWIR QIHU GG
YY TSLA PCLN GOOGL NXPI FB EGO WUBA LVS
JKS CSIQ DNKN SINA SU FFIV MA AAL SBUX
X STLD ABX SLW AEM DATA.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2087.10, high 2088.15, low 2061.23
Internals are negative
Oil Down 94 cents to new low on 80 year high inventory
Gold UP $2.40
Canadian $ UP 54 tick @ 72.66..had hit 6 year low earlier against US$
VIX Down 3% @ 15.19
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are down
@ 2.07 following are UP by @ least 1% :
AKS GPRO KORS MU VDSI FEYE LEN SWIR QIHU GG
YY TSLA PCLN GOOGL NXPI FB EGO WUBA LVS
JKS CSIQ DNKN SINA SU FFIV MA AAL SBUX
X STLD ABX SLW AEM DATA.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 17, 2015
Indices closed mixed.....
Indices closed mixed while Nasdaq closed green....
S&P 500 @ 2074.28, low 2065.08, high 2080.59
RSI @ 49.63
CMF @ 0.182
Internals were :
Down volume led by 1.25 to 1 in NYSE & .94 to 1 in Nasdaq
Declining stocks led by 1.13 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 50 in Nasdaq
VIX UP .32% @ 15.66
Oil @ $43.46
Gold @ $1148.20
AH ER ....TUES UP 8.32%, ORCL UP 1.66%,
ADBE Down 3.83%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE maintained its unconvincing pattern by going DOWN after a day UP. It is all about Fed policy statement @ 2 PM, i do not expect any change this time. Q&A is always dangerous when some answer may not go well in terms of interest rate expectations. We may see a strong close. Some stocks are showing relative strength and majority are showing weakness, it may be time to overweight strong ones.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2074.28, low 2065.08, high 2080.59
RSI @ 49.63
CMF @ 0.182
Internals were :
Down volume led by 1.25 to 1 in NYSE & .94 to 1 in Nasdaq
Declining stocks led by 1.13 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 50 in Nasdaq
VIX UP .32% @ 15.66
Oil @ $43.46
Gold @ $1148.20
AH ER ....TUES UP 8.32%, ORCL UP 1.66%,
ADBE Down 3.83%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE maintained its unconvincing pattern by going DOWN after a day UP. It is all about Fed policy statement @ 2 PM, i do not expect any change this time. Q&A is always dangerous when some answer may not go well in terms of interest rate expectations. We may see a strong close. Some stocks are showing relative strength and majority are showing weakness, it may be time to overweight strong ones.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Nasdaq is showing relative strength while Dow & S&P 500 are weak.
S&P 500 @ 2073.13, low 2065.08, high 2080.59
Internals are negative
Oil Down 47 cents, went to new low @ $42.63
Gold Down $6.30
Canadian $ UP 2 tick @ 72.30
VIX UP 1.79% @ 15.89
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are down in S&P 500 and Nasdaq
@ 2.33 following are green by 1% or more :
GPRO LULU TWTR VDSI SWIR QIHU YELP AAPL
FB JCP LVS JKS CSIQ SINA GRPN AAL STLD
CCJ MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2073.13, low 2065.08, high 2080.59
Internals are negative
Oil Down 47 cents, went to new low @ $42.63
Gold Down $6.30
Canadian $ UP 2 tick @ 72.30
VIX UP 1.79% @ 15.89
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are down in S&P 500 and Nasdaq
@ 2.33 following are green by 1% or more :
GPRO LULU TWTR VDSI SWIR QIHU YELP AAPL
FB JCP LVS JKS CSIQ SINA GRPN AAL STLD
CCJ MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, March 16, 2015
Indices closed UP 1.19% to 1.35%...NICE !!!!
Indices closed @ high of the day.
S&P 500 @ 2081.19, high 2081.41, low 2055.35
RSI @ 51.52
CMF @ 0.214
Internals were :
UP volume led by 3.60 to 1 in NYSE & 2.34 to 1 in Nasdaq
Advancing stocks led by 1.82 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 57 in NYSE & 110 in Nasdaq
VIX Down 2.44% @ 15.61
Oil @ $43.88
Gold @ $1153.20
Stocks which were UP 1% or more included VDSI YHOO TSLA
GOOGL AAPL BABA LVS EXPE MA V CRUS BRCM
LSCC CIEN JDSU FNSR AAL M CCJ DATA MGA
MS CNQ GS AGU.....
AH News...XONE Down 7.59%, AAL UP 3.92%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong today on US$ retreat. This TAPE is extremely volatile and almost unpredictable on a day to day basis. Those who are exposed to this TAPE have to display lot of conviction and patience as market zig zags daily. There is no clear trend in stocks even on UP days, some are UP and some are DOWN in same sector.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.19, high 2081.41, low 2055.35
RSI @ 51.52
CMF @ 0.214
Internals were :
UP volume led by 3.60 to 1 in NYSE & 2.34 to 1 in Nasdaq
Advancing stocks led by 1.82 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 57 in NYSE & 110 in Nasdaq
VIX Down 2.44% @ 15.61
Oil @ $43.88
Gold @ $1153.20
Stocks which were UP 1% or more included VDSI YHOO TSLA
GOOGL AAPL BABA LVS EXPE MA V CRUS BRCM
LSCC CIEN JDSU FNSR AAL M CCJ DATA MGA
MS CNQ GS AGU.....
AH News...XONE Down 7.59%, AAL UP 3.92%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong today on US$ retreat. This TAPE is extremely volatile and almost unpredictable on a day to day basis. Those who are exposed to this TAPE have to display lot of conviction and patience as market zig zags daily. There is no clear trend in stocks even on UP days, some are UP and some are DOWN in same sector.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .98% to 1.07%....NICE !!!!
Indices are UP while oil is hitting new 52 wk low & down 3.35%.
S&P 500 @ 2075.05, high 2076.55, low 2055.35
Internals are positive
Oil Down $ 1.50
Gold UP $1.10
Canadian $ UP 22 tick $ 72.40
VIX Down 2.06% @ 15.67
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.17 following are red :
AKS BBRY GPRO KORS MU TWTR QIHU YY YELP
PCLN FB NXPI EGO WUBA JKS CSIQ SINA
FSLR YNDX HIMX NFLX SPLK CSOD
Z WYNN ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2075.05, high 2076.55, low 2055.35
Internals are positive
Oil Down $ 1.50
Gold UP $1.10
Canadian $ UP 22 tick $ 72.40
VIX Down 2.06% @ 15.67
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.17 following are red :
AKS BBRY GPRO KORS MU TWTR QIHU YY YELP
PCLN FB NXPI EGO WUBA JKS CSIQ SINA
FSLR YNDX HIMX NFLX SPLK CSOD
Z WYNN ....
BLOG does NOT give buy or sell.
Saleem
Sunday, March 15, 2015
TAPE remains weak.....
S&P 500 and other indices like Dow are showing weakness on high volume.
S&P 500 is back to where it was in wk 1 of November 2014.....
Lately TAPE goes UP 1 day and collapses next day, this is a sign of more weakness to come.
S&P 500 is currently @ 2053.40 after testing lows in the last 4 days and there is no real resolution.
There is a very good chance that we may see S&P 500 @ 2003.46 which is 200 DMA.......
Fed is all set to give their verdict on Wednesday @ 2 PM, what they say may give some stability temporarily, but then guessing game for next Fed meeting will start...
What most traders have to understand that interest rates are going UP well before Fed gives official signal in next 30 days.
US$ is reflecting higher rate scenario, this will keep US stock market on a negative tone until Fed says YES we are raising interest rate by .25 basis......
IF S&P 500 going to test 200 DMA support then Nasdaq will test 50 DMA and fail that test in a hurry....
SO....then it becomes a test of 200 DMA for all indices........including Nasdaq
It is important to relate to this weaker US stock market environment and not have high hopes for next 30 days......
A defensive portfolio or patience is required to deal with interest rate going higher.....
Higher interest rate are good for Financials and Insurance companies......
SO..it is a wait and see until Wednesday 2 PM......but real decision is going to be in next Fed meeting in April...
Market does not like uncertainty which will emerge from this fed meeting......
Hopefully, visitors of this BLOG are prepared for a tough 30 days going forward....
It takes time to come to grips with higher interest rates.......
Be ready for more turbulence until its all sorted out.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 is back to where it was in wk 1 of November 2014.....
Lately TAPE goes UP 1 day and collapses next day, this is a sign of more weakness to come.
S&P 500 is currently @ 2053.40 after testing lows in the last 4 days and there is no real resolution.
There is a very good chance that we may see S&P 500 @ 2003.46 which is 200 DMA.......
Fed is all set to give their verdict on Wednesday @ 2 PM, what they say may give some stability temporarily, but then guessing game for next Fed meeting will start...
What most traders have to understand that interest rates are going UP well before Fed gives official signal in next 30 days.
US$ is reflecting higher rate scenario, this will keep US stock market on a negative tone until Fed says YES we are raising interest rate by .25 basis......
IF S&P 500 going to test 200 DMA support then Nasdaq will test 50 DMA and fail that test in a hurry....
SO....then it becomes a test of 200 DMA for all indices........including Nasdaq
It is important to relate to this weaker US stock market environment and not have high hopes for next 30 days......
A defensive portfolio or patience is required to deal with interest rate going higher.....
Higher interest rate are good for Financials and Insurance companies......
SO..it is a wait and see until Wednesday 2 PM......but real decision is going to be in next Fed meeting in April...
Market does not like uncertainty which will emerge from this fed meeting......
Hopefully, visitors of this BLOG are prepared for a tough 30 days going forward....
It takes time to come to grips with higher interest rates.......
Be ready for more turbulence until its all sorted out.....
BLOG does NOT give buy or sell.
Saleem
Friday, March 13, 2015
Indices closed down .44% to .82%....
Indices did an about face before recouping some of the losses @ close. Blame for this selling went to US$ jump and Oil slump. Both S&P 500 & Dow closed below 50 DMA.
S&P 500 @ 2053.40, low 2041.17, high 2064.56
RSI @ 43.51
CMF @ 0.226
Internals were :
Down volume led by 3.10 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by 2.32 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk lows were leading by 45 in NYSE & highs by 40 in Nasdaq
VIX UP 3.76% @ 16.00
Oil @ $44.84
Gold @ $1152.40
Canadian $ @ 72.18, it is a 10 year low against US$......Canadian economy lost $1000 jobs in latest report.
Stocks which closed green included GPRO LULU MU
GG EGO BIDU NXPI JCP WUBA COH LVS CMG
DNKN YNDX HIMX FNSR AAL M SLW CSOD
WYNN......
Here is my weighting :
MU 26.78%
KORS 19.40%
BBRY 18.62%
GPRO 17.37%
LULU 10.51%
AKS 7.32%
Exposure 241%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2053.40, low 2041.17, high 2064.56
RSI @ 43.51
CMF @ 0.226
Internals were :
Down volume led by 3.10 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by 2.32 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk lows were leading by 45 in NYSE & highs by 40 in Nasdaq
VIX UP 3.76% @ 16.00
Oil @ $44.84
Gold @ $1152.40
Canadian $ @ 72.18, it is a 10 year low against US$......Canadian economy lost $1000 jobs in latest report.
Stocks which closed green included GPRO LULU MU
GG EGO BIDU NXPI JCP WUBA COH LVS CMG
DNKN YNDX HIMX FNSR AAL M SLW CSOD
WYNN......
Here is my weighting :
MU 26.78%
KORS 19.40%
BBRY 18.62%
GPRO 17.37%
LULU 10.51%
AKS 7.32%
Exposure 241%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 12, 2015
Indices closed UP .89% to 1.47%...NICE !!!!
Indices were strong and closed @ high of the day.
S&P 500 @ 2065.95, high 2066.41, low 2041.10
RSI @ 46.75
CMF @ 0.269
Internals were :
UP volume led by 2.64 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 2.73 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 62 in Nasdaq
VIX Down 8.60% @ 15.42
Oil @ $47.05
Gold @ $1151.90
Stocks which were UP 1% or more included AKS GPRO LULU
TWTR FEYE LEN OTEX YELP YHOO GOOGL AAPL
FB JCP WUBA JKS AMZN EXPE CMG YUM V MA
FSLR CRUS SNDK BRCM JDSU FNSR C MS GS
NFLX AAL M GMCR SPLK SBUX MCD STLD
CCJ DATA TRIP.....
AH ER...ULTA UP 8.76%, LOCO UP 8.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, tonight IBD changing its market outlook to "uptrend under pressure". TAPE was strong and all indices are above 50 DMA which is extremely healthy from technical point of view. Internals are all positive which is a major change. In next two trading days we need a follow through confirmation of this rally.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2065.95, high 2066.41, low 2041.10
RSI @ 46.75
CMF @ 0.269
Internals were :
UP volume led by 2.64 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 2.73 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 62 in Nasdaq
VIX Down 8.60% @ 15.42
Oil @ $47.05
Gold @ $1151.90
Stocks which were UP 1% or more included AKS GPRO LULU
TWTR FEYE LEN OTEX YELP YHOO GOOGL AAPL
FB JCP WUBA JKS AMZN EXPE CMG YUM V MA
FSLR CRUS SNDK BRCM JDSU FNSR C MS GS
NFLX AAL M GMCR SPLK SBUX MCD STLD
CCJ DATA TRIP.....
AH ER...ULTA UP 8.76%, LOCO UP 8.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, tonight IBD changing its market outlook to "uptrend under pressure". TAPE was strong and all indices are above 50 DMA which is extremely healthy from technical point of view. Internals are all positive which is a major change. In next two trading days we need a follow through confirmation of this rally.
BLOG does NOT give buy or sell.
Saleem
Indices UP .69% to 1.15%...NICE !!!!
Indices are staging a strong bounce from deeply oversold conditions and are @ its high of the day.
S&P 500 @ 2060.93, high 2061.65, low 2041.10
Internals are positive by minimum 2 to 1
Oil Down 79 cents
Gold UP $2.20
Canadian $ UP 42 tick @ 72.92
VIX Down 7.11% @ 15.67
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.22 following are red :
VDSI SWIR QIHU YY BIDU TSLA BABA
SINA SU EBAY GRPN CIEN AMCC
ABX MGA Z WYNN MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2060.93, high 2061.65, low 2041.10
Internals are positive by minimum 2 to 1
Oil Down 79 cents
Gold UP $2.20
Canadian $ UP 42 tick @ 72.92
VIX Down 7.11% @ 15.67
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.22 following are red :
VDSI SWIR QIHU YY BIDU TSLA BABA
SINA SU EBAY GRPN CIEN AMCC
ABX MGA Z WYNN MLNX......
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 11, 2015
Indices closed down .16% to .20%....
Indices closed @ low of the day.
S&P 500 @ 2040.24, low 2039.69, high 2050.08
RSI @ 37.97
CMF @ 0.237
Internals were :
UP volume led by 1.49 to 1 in NYSE & 1.18 to 1 in Nasdaq
Advancing stocks led by 1.36 to 1 in NYSE & 1.37 to 1 in Nasdaq
Net new 52 wk lows were leading by 68 in NYSE & 27 in Nasdaq
VIX UP 1.08% @ 16.87
Oil @ $48.17
Gold @ $1150.60
Stocks which were UP 1% or more included AKS BBRY
VDSI FEYE SWIR QIHU GG YELP TSLA EGO
WUBA JKS SPWR YNDX HIMX GRPN
CRUS SNDK C NFLX AAL X STLD
ABX SLW AEM DATA MLNX....
AH ER ...KKD Down 4.96%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was extremely bearish today, lost all its gains and closed @ low of the day. Looks like we may need a capitulation selling to discount all the complacency, TAPE does NOT look healthy. Do not suggest buying until we find support, this time it may be different and buy the dip may be a trap.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2040.24, low 2039.69, high 2050.08
RSI @ 37.97
CMF @ 0.237
Internals were :
UP volume led by 1.49 to 1 in NYSE & 1.18 to 1 in Nasdaq
Advancing stocks led by 1.36 to 1 in NYSE & 1.37 to 1 in Nasdaq
Net new 52 wk lows were leading by 68 in NYSE & 27 in Nasdaq
VIX UP 1.08% @ 16.87
Oil @ $48.17
Gold @ $1150.60
Stocks which were UP 1% or more included AKS BBRY
VDSI FEYE SWIR QIHU GG YELP TSLA EGO
WUBA JKS SPWR YNDX HIMX GRPN
CRUS SNDK C NFLX AAL X STLD
ABX SLW AEM DATA MLNX....
AH ER ...KKD Down 4.96%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was extremely bearish today, lost all its gains and closed @ low of the day. Looks like we may need a capitulation selling to discount all the complacency, TAPE does NOT look healthy. Do not suggest buying until we find support, this time it may be different and buy the dip may be a trap.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed with Nasdaq showing relative weakness. Oversold bounce was a struggle today with no conviction.
S&P 500 @ 2046.40, high 2050.08, low 2040.74
Internals are positive
Oil Down 20 cents
Gold Down $8.40
Canadian $ Down 75 tick @ 72.49......lowest level in 6 years against US$
VIX UP .78% @ 16.82
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.41 following are red :
GPRO OTEX YY BIDU PCLN GOOGL AAPL BABA JCP
COH LVS SINA YUM MA AMCC M SBUX MCD CCJ
Z WYNN TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2046.40, high 2050.08, low 2040.74
Internals are positive
Oil Down 20 cents
Gold Down $8.40
Canadian $ Down 75 tick @ 72.49......lowest level in 6 years against US$
VIX UP .78% @ 16.82
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are UP
@ 2.41 following are red :
GPRO OTEX YY BIDU PCLN GOOGL AAPL BABA JCP
COH LVS SINA YUM MA AMCC M SBUX MCD CCJ
Z WYNN TRIP......
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 10, 2015
Indices closed down 1.67% to 1.85%.....
Indices closed @ absolute lowest point of the day in all indices, how is that possible, it is all possible any day through Supercomputers used by "real money"......
S&P 500 @ 2044.16, low 2044.16, high 2076.14
RSI @ 38.87
CMF @ 0.325
Internals were :
Down volume led by 7.20 to 1 in NYSE & 5.31 to 1 in Nasdaq
Declining stocks led by 2.70 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 101 in NYSE & 46 in Nasdaq
VIX UP 10.82% @ 16.69
Oil @ $48.29
Gold @ $1160.10
AH ER ..SINA UP 2.21%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE is doing one mild UP and Nasty DOWN these days, RSI has reached oversold condition @ 38.87 but it may go towards 30 before its all done and over with. Volume was average and CMF is staying in high green which is positive for a snap back rally. Buying on down days still works with some conviction and patience. Pay attention to internals on any rally, that may tell us more than gurus on CNBC.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2044.16, low 2044.16, high 2076.14
RSI @ 38.87
CMF @ 0.325
Internals were :
Down volume led by 7.20 to 1 in NYSE & 5.31 to 1 in Nasdaq
Declining stocks led by 2.70 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 101 in NYSE & 46 in Nasdaq
VIX UP 10.82% @ 16.69
Oil @ $48.29
Gold @ $1160.10
AH ER ..SINA UP 2.21%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE is doing one mild UP and Nasty DOWN these days, RSI has reached oversold condition @ 38.87 but it may go towards 30 before its all done and over with. Volume was average and CMF is staying in high green which is positive for a snap back rally. Buying on down days still works with some conviction and patience. Pay attention to internals on any rally, that may tell us more than gurus on CNBC.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.45% to 1.59%.....
Dow & S&P 500 are below 50 DMA which is a technical breakdown in an uptrend. They are @ low of the day.
S&P 500 @ 2048.88, high 2076.14
Internals are negative by more than 2 to 1
Oil Down $1.35
Gold Down $6.00
Canadian $ Down 55 tick @ 73.45
VIX UP 10.16% @ 16.59
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are down
@ 2.28 following are green :
GPRO LULU KORS TSLA BABA JCP BIDU DNKN
HIMX M ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2048.88, high 2076.14
Internals are negative by more than 2 to 1
Oil Down $1.35
Gold Down $6.00
Canadian $ Down 55 tick @ 73.45
VIX UP 10.16% @ 16.59
Portfolio AKS BBRY GPRO LULU KORS MU
Most stocks are down
@ 2.28 following are green :
GPRO LULU KORS TSLA BABA JCP BIDU DNKN
HIMX M ......
BLOG does NOT give buy or sell.
Saleem
Monday, March 9, 2015
Indices closed UP .31% to .78%....NICE !!!!
Indices closed UP near high of the day.
S&P 500 @ 2079.43, high 2083.49, low 2072.21
RSI @ 48.58
CMF @ 0.367
Internals were :
UP volume led by .95 to 1 in NYSE & 1.58 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & highs by 1 in Nasdaq
VIX Down .92% @ 15.06
Oil @ $50.00
Gold @ $1166.50
Stocks which were UP 1% or more included VDSI FEYE OTEX TWTR WUBA DNKN EBAY SNDK CIEN AGU......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE acted badly today as internals were sloppy as listed above, today's move did not inspire confidence. Majority of High profile stocks either did not participate @ all or were sharply lower. Fed meeting may signal a turn in direction of rates which is playing a role in sloppy TAPE. There is no easy money to be made, its struggling environment going forward.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2079.43, high 2083.49, low 2072.21
RSI @ 48.58
CMF @ 0.367
Internals were :
UP volume led by .95 to 1 in NYSE & 1.58 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & highs by 1 in Nasdaq
VIX Down .92% @ 15.06
Oil @ $50.00
Gold @ $1166.50
Stocks which were UP 1% or more included VDSI FEYE OTEX TWTR WUBA DNKN EBAY SNDK CIEN AGU......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE acted badly today as internals were sloppy as listed above, today's move did not inspire confidence. Majority of High profile stocks either did not participate @ all or were sharply lower. Fed meeting may signal a turn in direction of rates which is playing a role in sloppy TAPE. There is no easy money to be made, its struggling environment going forward.
BLOG does NOT give buy or sell.
Saleem
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