Indices sold off hard.
S&P 500 @ 2085.51, low 2077.59, high 2105.52
RSI @ 46.68
CMF @ 0.101
Internals were :
Down volume led by 2.98 to 1 in NYSE & 4.08 to 1 in Nasdaq
Declining stocks led by 3.40 to 1 in NYSE & 3.32 to 1 in Nasdaq
Net new 52 wk lows were leading by 17 in NYSE & 42 in Nasdaq
VIX UP 10.83% @ 14.84
Oil @ $59.63
Gold @ $1182.40
AH ER..FSLR Down 4.39%, LNKD Down 20.81%
FEYE UP 2.42%, SWKS UP 3.73%, EXPE UP 5.37%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE got beaten UP pretty bad and all indices are below 50 DMA. Internals took a fall with indices and registering between 3 to 1 & 4 to 1 negative read, this generally means TAPE got its capitulation selling today, like a much needed washout. This may have cleared the way for an oversold bounce. IF there is a bounce, we may last for few days as most panic selling is out of the way, that is the nature of this market.
BLOG does NOT give buy or sell.
Saleem
Thursday, April 30, 2015
Indices down by .81% to 1.42%......
TAPE is under severe selling pressure and is @ low of the day.
S&P 500 @ 2089.33, low 2089.06, high 2105.52
Internals are negative by 3 to 1
Oil UP 93 cents
Gold Down $27.50
Canadian $ Down 70 tick @ 79.11
VIX UP 9.56% @ 14.67
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.32 following are green :
AKS VDSI YY NXPI TWTR LVS DNKN YUM
AMCC MCD X STLD CCJ WYNN......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2089.33, low 2089.06, high 2105.52
Internals are negative by 3 to 1
Oil UP 93 cents
Gold Down $27.50
Canadian $ Down 70 tick @ 79.11
VIX UP 9.56% @ 14.67
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.32 following are green :
AKS VDSI YY NXPI TWTR LVS DNKN YUM
AMCC MCD X STLD CCJ WYNN......
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 29, 2015
Indices closed down .37% to .63%.....
Indices closed down but off their low levels.
S&P 500 @ 2106.85, low 2097.41, high 2113.65
RSI @ 54.43
CMF @ 0.138
Internals were :
Down volume led by 1.22 to 1 in NYSE & 2.14 to 1 in Nasdaq
Declining stocks led by 2.01 to 1 in NYSE & 2.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 21 in NYSE & flat in Nasdaq
VIX UP 7.90% @ 13.39
Oil @ $58.58
Gold @ $1210.00
AH ER...BIDU Down 2.63%, YELP Down 14.98%
OVTI UP 5.73%, GLUU UP 22.78%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under selling pressure again due to below consensus US GDP report and Fed statement saying that it is a temporary slowdown. TAPE held up better than expected and closed in mid range. All indices managed to close above 50 DMA only Dow dipped briefly.CMF is positive which gives me hope for a green close on month end. This is a tough market to navigate but contrary stock picking may negate some of the negativity.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2106.85, low 2097.41, high 2113.65
RSI @ 54.43
CMF @ 0.138
Internals were :
Down volume led by 1.22 to 1 in NYSE & 2.14 to 1 in Nasdaq
Declining stocks led by 2.01 to 1 in NYSE & 2.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 21 in NYSE & flat in Nasdaq
VIX UP 7.90% @ 13.39
Oil @ $58.58
Gold @ $1210.00
AH ER...BIDU Down 2.63%, YELP Down 14.98%
OVTI UP 5.73%, GLUU UP 22.78%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under selling pressure again due to below consensus US GDP report and Fed statement saying that it is a temporary slowdown. TAPE held up better than expected and closed in mid range. All indices managed to close above 50 DMA only Dow dipped briefly.CMF is positive which gives me hope for a green close on month end. This is a tough market to navigate but contrary stock picking may negate some of the negativity.
BLOG does NOT give buy or sell.
Saleem
Indices down .28% to .48%......
Fed is concerned about labor market and economic picture which is a good thing for US stock market , as interest rate may be on hold little longer.
S&P 500 @ 2109.87, low 2097.41, high 2113.18
Internals are negative by 2 to 1
Oil UP $1.72
Gold Down $10.30
Canadian $ UP 22 tick @ 79.89
VIX UP 4.03% @ 12.91
In my portfolio :
Added 33% VDSI @ $25.45
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.38 following are green :
BBRY GPRO QIHU GG LNKD TSLA PCLN AMZN
FB SINA SU MA V YNDX AMCC FNSR C
NFLX SPLK SBUX MCD ABX SLW
CNQ AGU TRIP.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2109.87, low 2097.41, high 2113.18
Internals are negative by 2 to 1
Oil UP $1.72
Gold Down $10.30
Canadian $ UP 22 tick @ 79.89
VIX UP 4.03% @ 12.91
In my portfolio :
Added 33% VDSI @ $25.45
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.38 following are green :
BBRY GPRO QIHU GG LNKD TSLA PCLN AMZN
FB SINA SU MA V YNDX AMCC FNSR C
NFLX SPLK SBUX MCD ABX SLW
CNQ AGU TRIP.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 28, 2015
Indices closed mixed .....
Indices closed mixed after earlier losses.
S&P 500 @ 2114.76, high 2116.09, low 2094.89
RSI @ 57.73
CMF @ 0.084
Internals were :
UP volume led by 1.73 to 1 in NYSE & 1.21 to 1 in Nasdaq
Advancing stocks led by 1.71 to 1 in NYSE & 1.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 39 in NYSE & 26 in Nasdaq
VIX Down 5.41% @ 12.41
Oil @ $57.06
Gold @ $1213.90
Stocks which were UP 1% or more included
AKS BBRY GPRO VDSI
GG LVS JKS CSIQ FFIV FSLR
CRUS SNDK AMCC CIEN FNSR
JCP X STLD ABX SLW AEM CCJ
WYNN AGU......
AH ER ...GPRO UP 9.89%, AKAM Down 5.94%
BWLD Down 9.74%, WYNN Down 9.74%
GPRO ER was a beat in Sales & EPS and is guiding higher.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed some strength by eliminating morning losses and closing near high of the day. Internals of the market improved and is looking healthy. Since we are near term oversold, there is a very good chance that we close green on Wednesday. Fed statement will be supportive of positive move in TAPE also.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2114.76, high 2116.09, low 2094.89
RSI @ 57.73
CMF @ 0.084
Internals were :
UP volume led by 1.73 to 1 in NYSE & 1.21 to 1 in Nasdaq
Advancing stocks led by 1.71 to 1 in NYSE & 1.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 39 in NYSE & 26 in Nasdaq
VIX Down 5.41% @ 12.41
Oil @ $57.06
Gold @ $1213.90
Stocks which were UP 1% or more included
AKS BBRY GPRO VDSI
GG LVS JKS CSIQ FFIV FSLR
CRUS SNDK AMCC CIEN FNSR
JCP X STLD ABX SLW AEM CCJ
WYNN AGU......
AH ER ...GPRO UP 9.89%, AKAM Down 5.94%
BWLD Down 9.74%, WYNN Down 9.74%
GPRO ER was a beat in Sales & EPS and is guiding higher.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed some strength by eliminating morning losses and closing near high of the day. Internals of the market improved and is looking healthy. Since we are near term oversold, there is a very good chance that we close green on Wednesday. Fed statement will be supportive of positive move in TAPE also.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are trying to recover from morning losses.
S&P 500 @ 2112.41, high 2116.09, low 2094.89
Internals are positive
Oil UP 2 cents
Gold UP $10.30
Canadian $ UP 59 tick @ 79.74 ..@ 5 months high against US$
VIX Down 1.30% @ 12.95
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
AKS ER had higher Sales than expected on higher Auto sales....
AKS UP 10.22%...
VDSI beat by a wide margin in both Sales & EPS and raising Sales
projection for full year....VDSI UP 7.40%
Most stocks are UP
@ 2.25 following are red by 1% or more :
LULU OTEX QIHU YY FB NXPI TWTR WUBA COH
AMZN DNKN CMG AAPL YNDX AAL SPLK......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2112.41, high 2116.09, low 2094.89
Internals are positive
Oil UP 2 cents
Gold UP $10.30
Canadian $ UP 59 tick @ 79.74 ..@ 5 months high against US$
VIX Down 1.30% @ 12.95
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
AKS ER had higher Sales than expected on higher Auto sales....
AKS UP 10.22%...
VDSI beat by a wide margin in both Sales & EPS and raising Sales
projection for full year....VDSI UP 7.40%
Most stocks are UP
@ 2.25 following are red by 1% or more :
LULU OTEX QIHU YY FB NXPI TWTR WUBA COH
AMZN DNKN CMG AAPL YNDX AAL SPLK......
BLOG does NOT give buy or sell.
Saleem
Monday, April 27, 2015
Indices closed down .23% to .63%......
Indices closed down.
S&P 500 @ 2108.92, low 2107.04, high 2125.92
RSI @ 55.90
CMF @ 0.073
Internals were :
Down volume led by 1.61 to 1 in NYSE & 2.14 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 2.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 77 in Nasdaq
VIX UP 6.75% @ 13.12
Oil @ $56.99
Gold @ $1203.20
AH ER..ABX Down 3.05%, AAPL UP 1.32%
AMCC UP 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its weakness again by losing morning gains and closing @ low of the day. Even some pundits are getting concerned today and talking of "this time being different possibility". Keep booking any gains and look for potential sale if this accelerate to the downside. Its Fed watch again meeting starts Tuesday and verdict on Wednesday @ 2 PM, this may put more pressure and downside may persist.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2108.92, low 2107.04, high 2125.92
RSI @ 55.90
CMF @ 0.073
Internals were :
Down volume led by 1.61 to 1 in NYSE & 2.14 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 2.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 77 in Nasdaq
VIX UP 6.75% @ 13.12
Oil @ $56.99
Gold @ $1203.20
AH ER..ABX Down 3.05%, AAPL UP 1.32%
AMCC UP 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its weakness again by losing morning gains and closing @ low of the day. Even some pundits are getting concerned today and talking of "this time being different possibility". Keep booking any gains and look for potential sale if this accelerate to the downside. Its Fed watch again meeting starts Tuesday and verdict on Wednesday @ 2 PM, this may put more pressure and downside may persist.
BLOG does NOT give buy or sell.
Saleem
Indices down .06% to .56%......
Indices have reversed & near low of the day after making new all time high in S&P 500. Nasdaq showing the most weakness.
S&P 500 @ 2112.41, low 2111.12, high 2125.92
Internals are negative with Nasdaq negative by 2 to 1
Oil Down 38 cents
Gold UP $27.70
Canadian $ UP 79 tick @ 79.01...highest level against US$ in 5 weeks.
VIX UP 5.37% @ 12.95
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.18 following are green :
GPRO QIHU GG YY BIDU TSLA PCLN AAPL FB NXPI
TWTR WUBA SINA CMG NFLX GMCR ABX SLW
AEM Z TRIP YELP.....
Before open AKS & VDSI is reporting and after close
GPRO will report....here are the expectations :
AKS Q1 Sales $1.74 Billion & EPS loss of .25 cents
Q2 expectations Sales $1.75 Billion & EPS loss of .22 cents
VDSI Q1 Sales $54.50 Million & EPS of .21 cents
Q2 expectations Sales $61 Million & EPS of .27 cents
GPRO Sales Q1 $340.99 Million & EPS of .18 cents
Q2 expectations Sales $333.72 Million & EPS of .16 cents
I am expecting all of them to react positively with their report.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2112.41, low 2111.12, high 2125.92
Internals are negative with Nasdaq negative by 2 to 1
Oil Down 38 cents
Gold UP $27.70
Canadian $ UP 79 tick @ 79.01...highest level against US$ in 5 weeks.
VIX UP 5.37% @ 12.95
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.18 following are green :
GPRO QIHU GG YY BIDU TSLA PCLN AAPL FB NXPI
TWTR WUBA SINA CMG NFLX GMCR ABX SLW
AEM Z TRIP YELP.....
Before open AKS & VDSI is reporting and after close
GPRO will report....here are the expectations :
AKS Q1 Sales $1.74 Billion & EPS loss of .25 cents
Q2 expectations Sales $1.75 Billion & EPS loss of .22 cents
VDSI Q1 Sales $54.50 Million & EPS of .21 cents
Q2 expectations Sales $61 Million & EPS of .27 cents
GPRO Sales Q1 $340.99 Million & EPS of .18 cents
Q2 expectations Sales $333.72 Million & EPS of .16 cents
I am expecting all of them to react positively with their report.
BLOG does NOT give buy or sell.
Saleem
Sunday, April 26, 2015
TAPE sending mixed signal ?
While the whole world is on a equity binge, there are trouble lurking underneath in US market.
SOX is the biggest issue in Nasdaq
While Nasdaq has mustered a closing high for all times, it is still below its intraday all time high of 5,132.52 on March 10th, 2000
SOX is 6.12% lower from its all time high ?
Financials are lower by 3.04%
Homebuilders are lower by 3.38%
Dow all time high is 18,288.63, it closed @ 18,080.14....
SO if you think Sox, Financials, Homebuilders..it is pointing to trouble in market......
This is extremely troubling while Nasdaq and S&P 500 is closing @ all time highs but other sectors are lagging badly.....
I personally believe that internals of this market is giving a "clear signal" that this all time high is driven "mechanically by those supercomputers"
Internal of this market should be minimum 3 to 1 near all time highs but it is struggling even in Nasdaq on Friday, when it was negative on UP volume and negative in Advancing stocks.....an extremely bad divergence?
Internals of the market are giving a clear warning that something has to give......
Nasdaq @ all time highest close and SOX is NOT.........
SO..what to do ?
Make sure you are booking any gains IF you have...
Also do not make any rash bet or over-exposure
Be ready to trim your exposure
And look for an opportunity to benefit from "slide in May syndrome"
MAY is almost here and needs to be taken "very seriously"
Selling now may not be a bad idea...
Waiting till September is a good strategy.....
BLOG does NOT give buy or sell.
Saleem
SOX is the biggest issue in Nasdaq
While Nasdaq has mustered a closing high for all times, it is still below its intraday all time high of 5,132.52 on March 10th, 2000
SOX is 6.12% lower from its all time high ?
Financials are lower by 3.04%
Homebuilders are lower by 3.38%
Dow all time high is 18,288.63, it closed @ 18,080.14....
SO if you think Sox, Financials, Homebuilders..it is pointing to trouble in market......
This is extremely troubling while Nasdaq and S&P 500 is closing @ all time highs but other sectors are lagging badly.....
I personally believe that internals of this market is giving a "clear signal" that this all time high is driven "mechanically by those supercomputers"
Internal of this market should be minimum 3 to 1 near all time highs but it is struggling even in Nasdaq on Friday, when it was negative on UP volume and negative in Advancing stocks.....an extremely bad divergence?
Internals of the market are giving a clear warning that something has to give......
Nasdaq @ all time highest close and SOX is NOT.........
SO..what to do ?
Make sure you are booking any gains IF you have...
Also do not make any rash bet or over-exposure
Be ready to trim your exposure
And look for an opportunity to benefit from "slide in May syndrome"
MAY is almost here and needs to be taken "very seriously"
Selling now may not be a bad idea...
Waiting till September is a good strategy.....
BLOG does NOT give buy or sell.
Saleem
Friday, April 24, 2015
Indices closed UP .12% to .71%...NICE !!!!
Indices closed near high of the day. S&P 500 & Nasdaq made another all time high close.
S&P 500 @ 2117.69, high 2120.92, low 2112.80
RSI @ 59.49
CMF @ 0.151
Internals were :
UP volume led by 1.02 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & .87 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 94 in Nasdaq
VIX Down 1.52% @ 12.29
Oil @ $57.15
Gold @ $1175.00
Canadian $ @ 77.22
Stocks which were UP 1% or more included AKS BBRY
LEN YY YHOO LNKD BIDU GOOGL BABA WUBA
AMZN SINA DNKN YUM CIEN AAL GMCR MCD
SBUX WYNN.....
Here is my weighting :
LULU 26.46%
BBRY 16.71%
GPRO 16.42%
KORS 16.13%
RAD 10.02%
AKS 7.75%
VDSI 6.51%
Exposure 264%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2117.69, high 2120.92, low 2112.80
RSI @ 59.49
CMF @ 0.151
Internals were :
UP volume led by 1.02 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & .87 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 94 in Nasdaq
VIX Down 1.52% @ 12.29
Oil @ $57.15
Gold @ $1175.00
Canadian $ @ 77.22
Stocks which were UP 1% or more included AKS BBRY
LEN YY YHOO LNKD BIDU GOOGL BABA WUBA
AMZN SINA DNKN YUM CIEN AAL GMCR MCD
SBUX WYNN.....
Here is my weighting :
LULU 26.46%
BBRY 16.71%
GPRO 16.42%
KORS 16.13%
RAD 10.02%
AKS 7.75%
VDSI 6.51%
Exposure 264%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, April 23, 2015
Indices closed UP .11% to .41%...NICE !!!!
Indices closed UP.
S&P 500 @ 2112.93, high 2120.49, low 2103.19
RSI @ 58.14
CMF @ 0.139
Internals were :
UP volume led by 1.72 to 1 in NYSE & 1.52 to 1 in Nasdaq
Advancing stocks led by 2.08 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 108 in NYSE & 88 in Nasdaq
VIX Down 1.81% @ 12.48
Oil @ $57.74
Gold @ $1194.30
Stocks which were UP 1% or more included
AKS BBRY LULU KORSVDSI
GG YY GOOGL SWIR WUBA COH
DNKN EBAY FFIV FSLR CRUS SPLK
SBUX X STLD ABX SLW AEM CCJ DATA
CSOD CNQ AGU........
AH ER.. MSFT UP 3.35%, GOOGL UP 3.48%
SBUX UP 4.19%, AMZN UP 6.8%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, S&P 500 went to new all time highs & Nasdaq also closed @ all time highs. Tonight earnings reports are all positive which is a very good sign. Generally new all time highs are very positive for future price action BUT we have MAY to fear also, we will know soon enough in exactly 6 trading days. Do not forget to book profit @ these loftier level.
BLOG does NOT give buy or sell.
PS.....There is only a closing post around 7 PM on last day of trading which is usually Friday.
Saleem
S&P 500 @ 2112.93, high 2120.49, low 2103.19
RSI @ 58.14
CMF @ 0.139
Internals were :
UP volume led by 1.72 to 1 in NYSE & 1.52 to 1 in Nasdaq
Advancing stocks led by 2.08 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 108 in NYSE & 88 in Nasdaq
VIX Down 1.81% @ 12.48
Oil @ $57.74
Gold @ $1194.30
Stocks which were UP 1% or more included
AKS BBRY LULU KORSVDSI
GG YY GOOGL SWIR WUBA COH
DNKN EBAY FFIV FSLR CRUS SPLK
SBUX X STLD ABX SLW AEM CCJ DATA
CSOD CNQ AGU........
AH ER.. MSFT UP 3.35%, GOOGL UP 3.48%
SBUX UP 4.19%, AMZN UP 6.8%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, S&P 500 went to new all time highs & Nasdaq also closed @ all time highs. Tonight earnings reports are all positive which is a very good sign. Generally new all time highs are very positive for future price action BUT we have MAY to fear also, we will know soon enough in exactly 6 trading days. Do not forget to book profit @ these loftier level.
BLOG does NOT give buy or sell.
PS.....There is only a closing post around 7 PM on last day of trading which is usually Friday.
Saleem
Indices UP .33% to .56%...NICE !!!!
Indices are higher and Nasdaq @ all time high.
S&P 500 @ 2116.25, high 2118.85, low 2103.19
Internals are positive by 2 to 1
Oil UP $1.40
Gold UP $9.70
Canadian $ UP 95 tick @ 78.59, Ontario budget tonight is reducing deficit by $2 Billion which is positive for Canadian $.....
VIX Down 1.89% @ 12.47
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.59 following are red by 1% or more :
LEN FB NXPI LVS BRCM AMCC ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2116.25, high 2118.85, low 2103.19
Internals are positive by 2 to 1
Oil UP $1.40
Gold UP $9.70
Canadian $ UP 95 tick @ 78.59, Ontario budget tonight is reducing deficit by $2 Billion which is positive for Canadian $.....
VIX Down 1.89% @ 12.47
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.59 following are red by 1% or more :
LEN FB NXPI LVS BRCM AMCC ......
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 22, 2015
Indices closed UP .42% to .51%...NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2107.96, high 2109.98, low 2091.05
RSI @ 56.73
CMF @ 0.074
Internals were :
UP volume led by 2.47 to 1 in NYSE & 1.67 to 1 in Nasdaq
Advancing stocks led by 1.41 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 69 in NYSE & 63 in Nasdaq
VIX Down 4.08% @ 12.71
Oil @ $56.16
Gold @ $1186.90
Stocks which were UP 2% or more included GPRO RAD
QIHU YELP TSLA MU SWIR WUBA SINA YUM
MA V HIMX BRCM GMCR SPLK MCD CCJ
Z MLNX......
AH ER ...FB Down 2.19%, QCOM Down 2.92%
LVS Down 4.38%, TXN Down 6.52%, EBAY UP 6.17%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed strength by reversing losses after open and closing near high of the day. CMF finally showing green which is a big improvement in internals of this market. Chinese Flash PMI has little significance tonight as China has embarked on stimulating their economy since latest easing of lending. Hopefully we have better reaction to earnings in AH of Thursday to have a strong Friday's close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2107.96, high 2109.98, low 2091.05
RSI @ 56.73
CMF @ 0.074
Internals were :
UP volume led by 2.47 to 1 in NYSE & 1.67 to 1 in Nasdaq
Advancing stocks led by 1.41 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 69 in NYSE & 63 in Nasdaq
VIX Down 4.08% @ 12.71
Oil @ $56.16
Gold @ $1186.90
Stocks which were UP 2% or more included GPRO RAD
QIHU YELP TSLA MU SWIR WUBA SINA YUM
MA V HIMX BRCM GMCR SPLK MCD CCJ
Z MLNX......
AH ER ...FB Down 2.19%, QCOM Down 2.92%
LVS Down 4.38%, TXN Down 6.52%, EBAY UP 6.17%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed strength by reversing losses after open and closing near high of the day. CMF finally showing green which is a big improvement in internals of this market. Chinese Flash PMI has little significance tonight as China has embarked on stimulating their economy since latest easing of lending. Hopefully we have better reaction to earnings in AH of Thursday to have a strong Friday's close.
BLOG does NOT give buy or sell.
Saleem
Indices UP .41% to .49%....NICE !!!!
Indices are UP and @ near high of the day after earlier hesitation.
S&P 500 @ 2107.92, high 2109.13, low 2091.05
Internals are positive
Oil Down 35 cents
Gold Down $16.50
Canadian $ UP 41 tick @ 77.62..positive reaction to balanced budget
VIX Down 4.45% @ 12.66
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.34 following are red by 1% or more :
AKS BBRY VDSI LEN GG YHOO CMG ABX SLW AEM
AGU......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2107.92, high 2109.13, low 2091.05
Internals are positive
Oil Down 35 cents
Gold Down $16.50
Canadian $ UP 41 tick @ 77.62..positive reaction to balanced budget
VIX Down 4.45% @ 12.66
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.34 following are red by 1% or more :
AKS BBRY VDSI LEN GG YHOO CMG ABX SLW AEM
AGU......
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 21, 2015
Indices closed mixed.....
Indices closed mixed on weak earnings and merger news.
S&P 500 @ 2097.29, low 2094.38, 2109.64
RSI @ 53.63
CMF @ -0.014
Internals were :
Down volume led by 1.63 to 1 in NYSE & .64 to 1 in Nasdaq
Advancing stocks led by 1.01 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 69 in NYSE & 71 in Nasdaq
VIX Down .38% @ 13.25
Oil @ $55.26
Gold @ $1203.10
AH ER..ISRG Down 3.88%, YUM UP 4.98%
BRCM UP 5.68%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE maintained its indecisive action by losing opening strength. Internals remains weak. Security stocks took off to new highs which is an area of strength. Earnings remains mixed. FB reports Wednesday which will be a key report in tech sector.Stay diversified to benefit from mixed action.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2097.29, low 2094.38, 2109.64
RSI @ 53.63
CMF @ -0.014
Internals were :
Down volume led by 1.63 to 1 in NYSE & .64 to 1 in Nasdaq
Advancing stocks led by 1.01 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 69 in NYSE & 71 in Nasdaq
VIX Down .38% @ 13.25
Oil @ $55.26
Gold @ $1203.10
AH ER..ISRG Down 3.88%, YUM UP 4.98%
BRCM UP 5.68%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE maintained its indecisive action by losing opening strength. Internals remains weak. Security stocks took off to new highs which is an area of strength. Earnings remains mixed. FB reports Wednesday which will be a key report in tech sector.Stay diversified to benefit from mixed action.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after strong open.
S&P 500 @ 2099.50, low 2094.38, high 2109.64
Internals are negative
Oil Down $1.22
Gold UP $8.70
Canadian $ Down 66 tick @ 77.13, budget is being tabled @ 4 PM.....
VIX Down 1.05% @ 13.16
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.33 following are UP by 1% :
LEN FEYE QIHU YY YELP BIDU TSLA WUBA
CSIQ AMZN SINA EXPE CMG FFIV V FSLR
SPWR SNDK FNSR AAL SPLK STLD
DATA MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2099.50, low 2094.38, high 2109.64
Internals are negative
Oil Down $1.22
Gold UP $8.70
Canadian $ Down 66 tick @ 77.13, budget is being tabled @ 4 PM.....
VIX Down 1.05% @ 13.16
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.33 following are UP by 1% :
LEN FEYE QIHU YY YELP BIDU TSLA WUBA
CSIQ AMZN SINA EXPE CMG FFIV V FSLR
SPWR SNDK FNSR AAL SPLK STLD
DATA MLNX......
BLOG does NOT give buy or sell.
Saleem
Monday, April 20, 2015
Indices closed UP .92% to 1.27%....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2100.40, high 2103.94, 2084.11
RSI @ 54.69
CMF @ -0.031
Internals were :
UP volume led by 2.03 to 1 in NYSE & 2.92 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 43 in NYSE & 39 in Nasdaq
VIX Down 4.25% @ 13.30
Oil @ $56.38
Gold @ $1193.70
Stocks which were UP 2% or more included VDSI
FEYE QIHU GOOGL AAPL FB LVS WYNN
JKS AMZN CRUS AAL SPLK STLD.....
AH ER .....STLD Down 2.06%, FTNT UP 9.38%
LRCX UP 9.67%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Chinese stimulus via lower reserve requirements for banks means they can lend more, gave a much needed boost to negative sentiment with earlier Chinese crackdown in stocks. Market internals were not as strong in this rally, which is a concern. Try to capitalize as much as possible in next 6 trading day's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2100.40, high 2103.94, 2084.11
RSI @ 54.69
CMF @ -0.031
Internals were :
UP volume led by 2.03 to 1 in NYSE & 2.92 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 43 in NYSE & 39 in Nasdaq
VIX Down 4.25% @ 13.30
Oil @ $56.38
Gold @ $1193.70
Stocks which were UP 2% or more included VDSI
FEYE QIHU GOOGL AAPL FB LVS WYNN
JKS AMZN CRUS AAL SPLK STLD.....
AH ER .....STLD Down 2.06%, FTNT UP 9.38%
LRCX UP 9.67%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Chinese stimulus via lower reserve requirements for banks means they can lend more, gave a much needed boost to negative sentiment with earlier Chinese crackdown in stocks. Market internals were not as strong in this rally, which is a concern. Try to capitalize as much as possible in next 6 trading day's.
BLOG does NOT give buy or sell.
Saleem
Indices UP .91% to 1.22%....NICE !!!!
Chinese stimulus is giving worldwide indices a major lift.
S&P 500 @ 2100.59, high 2103.94, low 2084.11
Internals are positive by 2 to 1
Oil UP 35 cents
Gold Down $9.50
Canadian $ UP 22 tick @ 77.75
VIX Down 5.33% @ 13.15
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.28 following are red :
LULU KORS RAD LEN OTEX GG YY YELP TSLA
SWIR WUBA DNKN CMG EBAY SPWR YNDX
SNDK JDSU NFLX ABX SLW AEM EGO
MGA CNQ AGU .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2100.59, high 2103.94, low 2084.11
Internals are positive by 2 to 1
Oil UP 35 cents
Gold Down $9.50
Canadian $ UP 22 tick @ 77.75
VIX Down 5.33% @ 13.15
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.28 following are red :
LULU KORS RAD LEN OTEX GG YY YELP TSLA
SWIR WUBA DNKN CMG EBAY SPWR YNDX
SNDK JDSU NFLX ABX SLW AEM EGO
MGA CNQ AGU .....
BLOG does NOT give buy or sell.
Saleem
Sunday, April 19, 2015
Shanghai reaction tonight may impact Monday's open......
Chinese regulators took action against rampant stock market speculation by changing margin requirements and encouraging short sales, all this came out after Shanghai and Hong Kong closed.
Futures are indicating about 5% drop in Shanghai.....
North American markets will be hostage to overnight action in Shanghai and Hong Kong..
Open is expected to be weak in US.......
Greece decision is expected on Friday, this is going to be a bigger hangover for Europe than US.....
Earnings are in overdrive with Amazon & Facebook in focus.....
Earnings will be a bigger catalyst for US market
We are in last 2 weeks of April trading which involves month end buying or selling depending on the mood of Hedge Funds...
I am of the opinion that "sell in May" may have leg this year.....
Sell in May may start in the closing days of April.......
It is important to look @ portfolio and see IF your sector exposure is in vulnerable area.....
Some sector are looking better than others like retail, security, commodity related.....it is important to have exposure in some of these areas......
SO...the question is how to be positioned in "May selling".......
It is important to have short term horizon in trading like 24 to 72 hours, IF your idea is not panning out in 3 trading days...you have a problem and needs to be squared off and sold immediately.
IF you have profit in some stocks, then it may be advisable to @ least do a covered write for 60 days @ a time......
May to September needs to be taken very seriously with good "survival strategy"
Good luck with your own analysis and high comfort level with this market.
BLOG does NOT give buy or sell.
Saleem
Futures are indicating about 5% drop in Shanghai.....
North American markets will be hostage to overnight action in Shanghai and Hong Kong..
Open is expected to be weak in US.......
Greece decision is expected on Friday, this is going to be a bigger hangover for Europe than US.....
Earnings are in overdrive with Amazon & Facebook in focus.....
Earnings will be a bigger catalyst for US market
We are in last 2 weeks of April trading which involves month end buying or selling depending on the mood of Hedge Funds...
I am of the opinion that "sell in May" may have leg this year.....
Sell in May may start in the closing days of April.......
It is important to look @ portfolio and see IF your sector exposure is in vulnerable area.....
Some sector are looking better than others like retail, security, commodity related.....it is important to have exposure in some of these areas......
SO...the question is how to be positioned in "May selling".......
It is important to have short term horizon in trading like 24 to 72 hours, IF your idea is not panning out in 3 trading days...you have a problem and needs to be squared off and sold immediately.
IF you have profit in some stocks, then it may be advisable to @ least do a covered write for 60 days @ a time......
May to September needs to be taken very seriously with good "survival strategy"
Good luck with your own analysis and high comfort level with this market.
BLOG does NOT give buy or sell.
Saleem
Friday, April 17, 2015
Indices closed down 1.13% to 1.54%.....
TAPE was hit by Chinese clampdown on Shadow banking being used to buy stocks, they are also encouraging short sales, Greece drama also continues. European exchanges were down from .93% to 2.58% DAX being the biggest loser. Dow & S&P 500 closed below 50 DMA but Nasdaq managed to close above 50 DMA after breaching it earlier.
S&P 500 @ 2081.18, low 2072.37, high 2102.58
RSI @ 48.88
CMF @ -0.016
Internals were :
Down volume led by 4.67 to 1 in NYSE & 5.23 to 1 in Nasdaq
Declining stocks led by 4.04 to 1 in NYSE & 3.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & lows by 4 in Nasdaq
VIX UP 10.24% @ 13.89
Oil @ $55.74
Gold @ $1203.10
Canadian $ @ 77.71
Following stocks closed green...JCP BIDU TSLA MU WUBA CMG YUM NFLX ABX SLW AEM CNQ MLNX.....
Here is my weighting :
LULU 26.83%
GPRO 16.67%
KORS 16.36%
BBRY 16.20%
RAD 9.88%
AKS 7.52%
VDSI 6.54%
Exposure 264%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.18, low 2072.37, high 2102.58
RSI @ 48.88
CMF @ -0.016
Internals were :
Down volume led by 4.67 to 1 in NYSE & 5.23 to 1 in Nasdaq
Declining stocks led by 4.04 to 1 in NYSE & 3.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & lows by 4 in Nasdaq
VIX UP 10.24% @ 13.89
Oil @ $55.74
Gold @ $1203.10
Canadian $ @ 77.71
Following stocks closed green...JCP BIDU TSLA MU WUBA CMG YUM NFLX ABX SLW AEM CNQ MLNX.....
Here is my weighting :
LULU 26.83%
GPRO 16.67%
KORS 16.36%
BBRY 16.20%
RAD 9.88%
AKS 7.52%
VDSI 6.54%
Exposure 264%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, April 16, 2015
Indices closed down .04% to .08%.....
Indices closed slightly lower.
S&P 500 @ 2104.99, low 2100.02, high 2111.30
RSI @ 57.33
CMF @ -0.014
Internals were :
Down volume led by 1.49 to 1 in NYSE & 1.16 to 1 in Nasdaq
Declining stocks led by 1.27 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 87 in Nasdaq
VIX Down 1.87% @ 12.60
Oil @ $56.71
Gold @ $1198.00
Stocks which closed green included LULU VDSI
OTEX YY PCLN GOOGL NXPI TWTR SWIR WUBA
COH JKS CSIQ DNKN CMG FFIV SPWR YNDX AMCC
CIEN FNSR C NFLX AAL SPLK DATA CSOD MGA Z AGU..
AH ER...NOW Down 8.53%, AMD Down 11.15%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE rested today on low volume, there is minor internal deterioration even on flattish close. Market internals are strong on most UP days but have a tendency to go negative on even flattish close which is an ongoing surprise. Earnings will go on overdrive in next two weeks which may complete this rally in current form. Let the portfolio breathe for next two weeks then we will evaluate.
BLOG does NOT give buy or sell
PS....there is only a closing BLOG around 7 PM on last day of trading or Fridays.
Saleem
S&P 500 @ 2104.99, low 2100.02, high 2111.30
RSI @ 57.33
CMF @ -0.014
Internals were :
Down volume led by 1.49 to 1 in NYSE & 1.16 to 1 in Nasdaq
Declining stocks led by 1.27 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 87 in Nasdaq
VIX Down 1.87% @ 12.60
Oil @ $56.71
Gold @ $1198.00
Stocks which closed green included LULU VDSI
OTEX YY PCLN GOOGL NXPI TWTR SWIR WUBA
COH JKS CSIQ DNKN CMG FFIV SPWR YNDX AMCC
CIEN FNSR C NFLX AAL SPLK DATA CSOD MGA Z AGU..
AH ER...NOW Down 8.53%, AMD Down 11.15%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE rested today on low volume, there is minor internal deterioration even on flattish close. Market internals are strong on most UP days but have a tendency to go negative on even flattish close which is an ongoing surprise. Earnings will go on overdrive in next two weeks which may complete this rally in current form. Let the portfolio breathe for next two weeks then we will evaluate.
BLOG does NOT give buy or sell
PS....there is only a closing BLOG around 7 PM on last day of trading or Fridays.
Saleem
Indices UP .05% to .22% ....NICE !!!!
Indices are green after dealing with profit taking.
S&P 500 @ 2109.49, high 2111.30, low 2100.02
Internals are mostly positive
Oil UP 58 cents
Gold UP 20 cents
Canadian $ UP 1.24 cent @ 78.38....strength continues against US$ after upbeat comment by Canadian Central Bank about Canadian economy.
VIX Down 2.10% @ 12.57
In my portfolio :
Added 35% RAD @ $8.27
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.31 following are red by 1% or more :
AKS JCP FEYE BIDU LEN SNDK BRCM X CNQ...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2109.49, high 2111.30, low 2100.02
Internals are mostly positive
Oil UP 58 cents
Gold UP 20 cents
Canadian $ UP 1.24 cent @ 78.38....strength continues against US$ after upbeat comment by Canadian Central Bank about Canadian economy.
VIX Down 2.10% @ 12.57
In my portfolio :
Added 35% RAD @ $8.27
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.31 following are red by 1% or more :
AKS JCP FEYE BIDU LEN SNDK BRCM X CNQ...
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 15, 2015
Indices closed UP .42% to .68%....NICE !!!!
Indices closed UP in the middle of range......
S&P 500 @ 2106.63, high 2111.91, low 2097.82
RSI @ 57.98
CMF @ 0.034
Internals were :
UP volume led by 2.22 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 2.04 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 105 in Nasdaq
VIX Down 6.07% @ 12.84
Oil @ $56.39
Gold @ $1201.30
Stocks which were UP 2% or more included
AKS BBRY GPRO VDSI
OTEX FEYE QIHU GG YELP
NXPI SWIR SINA SU FFIV FSLR
SPWR YNDX BRCM AMCC JDSU SPLK
ABX SLW AEM CCJ CSOD CNQ Z MLNX.....
AH ER... SNDK Down 5.91%, PNRA UP 11.03%,
NFLX UP 11.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE turned around in a big way, all you have to do is see the internals of this market tonight vs last night, i am extremely disciplined in reading market through internals. Once internals are positive my comfort level is extremely high. All the key indices are making higher highs vs few days ago, that is another indicator which turned UP today. All indices are above some magic numbers like S&P 500 above 2100, Nasdaq above 5,000K and Dow above 18000K...none of this was there last night....all in all major positives was attained in technicals..This should lead us to new all time highs in short order. Last note, those who follow the market NEVER FIGHT THE TAPE.
BLOG does NOT give buy or sell.
PS...tonight i am starting 9 years of publishing this BLOG, thanks to worldwide audience which includes all continents who log in to read my BLOG, it is a real labor of love to write this BLOG.
Saleem
S&P 500 @ 2106.63, high 2111.91, low 2097.82
RSI @ 57.98
CMF @ 0.034
Internals were :
UP volume led by 2.22 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 2.04 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 105 in Nasdaq
VIX Down 6.07% @ 12.84
Oil @ $56.39
Gold @ $1201.30
Stocks which were UP 2% or more included
AKS BBRY GPRO VDSI
OTEX FEYE QIHU GG YELP
NXPI SWIR SINA SU FFIV FSLR
SPWR YNDX BRCM AMCC JDSU SPLK
ABX SLW AEM CCJ CSOD CNQ Z MLNX.....
AH ER... SNDK Down 5.91%, PNRA UP 11.03%,
NFLX UP 11.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE turned around in a big way, all you have to do is see the internals of this market tonight vs last night, i am extremely disciplined in reading market through internals. Once internals are positive my comfort level is extremely high. All the key indices are making higher highs vs few days ago, that is another indicator which turned UP today. All indices are above some magic numbers like S&P 500 above 2100, Nasdaq above 5,000K and Dow above 18000K...none of this was there last night....all in all major positives was attained in technicals..This should lead us to new all time highs in short order. Last note, those who follow the market NEVER FIGHT THE TAPE.
BLOG does NOT give buy or sell.
PS...tonight i am starting 9 years of publishing this BLOG, thanks to worldwide audience which includes all continents who log in to read my BLOG, it is a real labor of love to write this BLOG.
Saleem
Indices UP .58% to .81%....NICE !!!!
Indices are UP on ECB commentary and update on EU economic impact of their QE. Chinese GDP of 7% was lowest since 2009......
S&P 500 @ 2109.99, high 2111.79, low 2097.82
Internals are positive by almost 3 to 1
Oil UP $3.13
Gold UP $10.60
Canadian $ UP 1.82 cents against US$ , Central Bank kept rate unchanged and was upbeat on Canadian economy as lower oil price impact is already absorbed in the Canadian economy
VIX Down 5.05% @ 12.98
In my portfolio :
Bought LULU @ $67.52
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
@ highest exposure based on TAPE for today....
Most stocks are higher
@ 2.40 following are red :
LULU RAD YY BIDU BABA FB JCP WUBA AMZN
DNKN FNSR NFLX SBUX MCD AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2109.99, high 2111.79, low 2097.82
Internals are positive by almost 3 to 1
Oil UP $3.13
Gold UP $10.60
Canadian $ UP 1.82 cents against US$ , Central Bank kept rate unchanged and was upbeat on Canadian economy as lower oil price impact is already absorbed in the Canadian economy
VIX Down 5.05% @ 12.98
In my portfolio :
Bought LULU @ $67.52
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
@ highest exposure based on TAPE for today....
Most stocks are higher
@ 2.40 following are red :
LULU RAD YY BIDU BABA FB JCP WUBA AMZN
DNKN FNSR NFLX SBUX MCD AGU.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 14, 2015
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2095.84, high 2098.62, low 2083.24
RSI @ 54.89
CMF @ 0.030
Internals were :
UP volume led by 2.04 to 1 in NYSE & .77 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 47 in Nasdaq
VIX Down 1.94% @ 13.67
Oil @ $53.29
Gold @ $1192.60
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
AH ER INTC UP 3.18%
About market, TAPE is looking extremely vulnerable, IF you monitor internals of this market, it is simply very weak. I have a strong feeling that we are on the verge of rolling over in a big way, it is important to "preserve capital" or capitalize on this weakness. I am looking to exit more of my exposure and may position for downside and sit back and watch how it goes. S&P 500 almost touched 50 DMA today, lower lows are never good "technically speaking"
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2095.84, high 2098.62, low 2083.24
RSI @ 54.89
CMF @ 0.030
Internals were :
UP volume led by 2.04 to 1 in NYSE & .77 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 47 in Nasdaq
VIX Down 1.94% @ 13.67
Oil @ $53.29
Gold @ $1192.60
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
AH ER INTC UP 3.18%
About market, TAPE is looking extremely vulnerable, IF you monitor internals of this market, it is simply very weak. I have a strong feeling that we are on the verge of rolling over in a big way, it is important to "preserve capital" or capitalize on this weakness. I am looking to exit more of my exposure and may position for downside and sit back and watch how it goes. S&P 500 almost touched 50 DMA today, lower lows are never good "technically speaking"
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after being lower earlier.
S&P 500 @ 2094.99, high 2098.62, low 2083.24
Internals are mixed
Oil UP $1.44
Gold Down $6.30
Canadian $ UP 94 tick @ 75.06
VIX UP .57% @ 14.02
Portfolio AKS BBRY GPRO KORS RAD VDSI
Most stocks are down
@ 2.36 following are green by 1% or more :
AKS BBRY YHOO WUBA SU CIEN FNSR
X STLD CNQ.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2094.99, high 2098.62, low 2083.24
Internals are mixed
Oil UP $1.44
Gold Down $6.30
Canadian $ UP 94 tick @ 75.06
VIX UP .57% @ 14.02
Portfolio AKS BBRY GPRO KORS RAD VDSI
Most stocks are down
@ 2.36 following are green by 1% or more :
AKS BBRY YHOO WUBA SU CIEN FNSR
X STLD CNQ.....
BLOG does NOT give buy or sell.
Saleem
Monday, April 13, 2015
Indices closed down .15% to .46%.....
Indices closed @ low of the day.
S&P 500 @ 2092.43, low 2092.33, high 2107.55
RSI @ 53.90
CMF @ 0.049
Internals were :
Down volume led by 1.77 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 90 in Nasdaq
VIX UP 10.81% @ 13.94
Oil @ $51.91
Gold @ $1199.30
Stocks which were UP 1% or more included FB JCP JKS
CSIQ AMCC NFLX CCJ......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak and closed @ low of the day, weakness was attributed to US$ strength, BUT i think it was due to anxiety over quality of earnings. It is extremely important that we do not close down on Tuesday as it will be extremely negative for forward action. VIX showed unusual strength which is also a concern. I have lightened up in my exposure as i am not sure what is in store.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2092.43, low 2092.33, high 2107.55
RSI @ 53.90
CMF @ 0.049
Internals were :
Down volume led by 1.77 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 90 in Nasdaq
VIX UP 10.81% @ 13.94
Oil @ $51.91
Gold @ $1199.30
Stocks which were UP 1% or more included FB JCP JKS
CSIQ AMCC NFLX CCJ......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak and closed @ low of the day, weakness was attributed to US$ strength, BUT i think it was due to anxiety over quality of earnings. It is extremely important that we do not close down on Tuesday as it will be extremely negative for forward action. VIX showed unusual strength which is also a concern. I have lightened up in my exposure as i am not sure what is in store.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are trading near low of the day.....
S&P 500 @ 2097.92, low 2095.98, high 2107.65
Internals are mostly positive
Oil UP 62 cents
Gold Down $4.60
Canadian $ Down 33 tick @ 74.06
VIX UP 9.70% @ 13.80......this is bad news for equities......
In my portfolo :
Sold LULU @ $68.19
Sold SWIR @ $37.10
Portfolio is AKS BBRY GPRO KORS RSD VDSI
Most stocks are higher
@ 2.35 following are red by 1% or more :
AKS GPRO VDSI FEYE YY NXPI WUBA COH LVS
SINA ABX SLW AEM DATA CSOD Z WYNN...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2097.92, low 2095.98, high 2107.65
Internals are mostly positive
Oil UP 62 cents
Gold Down $4.60
Canadian $ Down 33 tick @ 74.06
VIX UP 9.70% @ 13.80......this is bad news for equities......
In my portfolo :
Sold LULU @ $68.19
Sold SWIR @ $37.10
Portfolio is AKS BBRY GPRO KORS RSD VDSI
Most stocks are higher
@ 2.35 following are red by 1% or more :
AKS GPRO VDSI FEYE YY NXPI WUBA COH LVS
SINA ABX SLW AEM DATA CSOD Z WYNN...
BLOG does NOT give buy or sell.
Saleem
Sunday, April 12, 2015
S&P 500 all set to make new all time high......
S&P 500 is only 18 points away from making new all time high.
TAPE has finally turned the corner to a slow & steady move towards new high
Bull are @ the lowest level in 3 weeks @ 50.4% from 54.5% and before 55.6%...looks like many are disbelieving this "stealth run".....healthy skepticism is good for the market...
Many buyers are on the sidelines fearing head & shoulder pattern in Nasdaq.....these patterns comes and goes......
Chinese stocks are having a "bull run" as Hong Kong trades are allowed......
There is a feeling that Chinese economy may have seen its low point, it has been a long downward move since 12% growth in GDP in 2008......after 7 years many adjustments have taken place in Chinese economy.......7% is doable on a sustained basis which is better than all economies in the world...
India may be catching up to China in GDP growth with a pro business government.
US economy is @ moderate growth which is healthy based on no QE ...
Europe may be catching up to US economy in couple of years
Canada has adjusted to "oil price shock"
Oil is finding its level and may be creeping towards $60.......
All of the above have taken most world exchanges to new multi decade highs, this is pointing to renewed strength in many economies.
US markets go through usual pattern of bullish moves from October to April, then corrective mode from May to September.....I believe we may see this pattern from now on....
This does not mean that sell in May will affect every sector but broad averages do suffer.
It is good to book profit once we see a peak in current rally......which may last another two weeks...
Non technology stocks may shelter any "corrective moves"
Sector rotation needs to be in focus now......
It is always a good idea to "tinker with exposure" in weaker months......
SO..it is time to study charts to see which sector may benefit from "normal correction"
Good luck with your analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
TAPE has finally turned the corner to a slow & steady move towards new high
Bull are @ the lowest level in 3 weeks @ 50.4% from 54.5% and before 55.6%...looks like many are disbelieving this "stealth run".....healthy skepticism is good for the market...
Many buyers are on the sidelines fearing head & shoulder pattern in Nasdaq.....these patterns comes and goes......
Chinese stocks are having a "bull run" as Hong Kong trades are allowed......
There is a feeling that Chinese economy may have seen its low point, it has been a long downward move since 12% growth in GDP in 2008......after 7 years many adjustments have taken place in Chinese economy.......7% is doable on a sustained basis which is better than all economies in the world...
India may be catching up to China in GDP growth with a pro business government.
US economy is @ moderate growth which is healthy based on no QE ...
Europe may be catching up to US economy in couple of years
Canada has adjusted to "oil price shock"
Oil is finding its level and may be creeping towards $60.......
All of the above have taken most world exchanges to new multi decade highs, this is pointing to renewed strength in many economies.
US markets go through usual pattern of bullish moves from October to April, then corrective mode from May to September.....I believe we may see this pattern from now on....
This does not mean that sell in May will affect every sector but broad averages do suffer.
It is good to book profit once we see a peak in current rally......which may last another two weeks...
Non technology stocks may shelter any "corrective moves"
Sector rotation needs to be in focus now......
It is always a good idea to "tinker with exposure" in weaker months......
SO..it is time to study charts to see which sector may benefit from "normal correction"
Good luck with your analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, April 10, 2015
Indices closed UP .43% to .55%....NICE !!!!
Indices closed @ high of the day and made 3 win in a row. Technically TAPE is very strong.
S&P 500 @ 2102.06, high 2102.61, low 2091.51
RSI @ 57.20
CMF @ 0.092
Internals were :
UP volume led by 1.81 to 1 in NYSE & 2.03 to 1 in Nasdaq
Advancing stocks led by 1.46 to 1 in NYSE & 1.61 to 1 in Nasdaq
Net new 52 wk highs were leading by 108 in NYSE & 76 in Nasdaq
VIX Down 3.90% @ 12.58
Oil @ $51.64
Gold @ $1204.60
Canadian $ 74.40
Stocks which were UP 1% or more included GPRO SWIR VDSI
FEYE GG YELP LNKD JKS CSIQ EXPE CMG YUM
CRUS LSCC NFLX M MCD ABX SLW AEM
CCJ......
Here is my weighting :
GPRO 17.62%
KORS 17.41%
LULU 16.50%
BBRY 16.28%
SWIR 10.13%
RAD 8.00%
AKS 7.57%
VDSI 6.49%
Exposure 258%
Next post around 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2102.06, high 2102.61, low 2091.51
RSI @ 57.20
CMF @ 0.092
Internals were :
UP volume led by 1.81 to 1 in NYSE & 2.03 to 1 in Nasdaq
Advancing stocks led by 1.46 to 1 in NYSE & 1.61 to 1 in Nasdaq
Net new 52 wk highs were leading by 108 in NYSE & 76 in Nasdaq
VIX Down 3.90% @ 12.58
Oil @ $51.64
Gold @ $1204.60
Canadian $ 74.40
Stocks which were UP 1% or more included GPRO SWIR VDSI
FEYE GG YELP LNKD JKS CSIQ EXPE CMG YUM
CRUS LSCC NFLX M MCD ABX SLW AEM
CCJ......
Here is my weighting :
GPRO 17.62%
KORS 17.41%
LULU 16.50%
BBRY 16.28%
SWIR 10.13%
RAD 8.00%
AKS 7.57%
VDSI 6.49%
Exposure 258%
Next post around 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)