TAPE has been behaving in an erratic mode for a while, these days its 2 days down and 1 day UP.
IF you are not in high flying semiconductor stocks, you are not feeling good about this market.
There is more troubling aspect of this TAPE....
Dow is below 50 DMA
S&P 500 is barely above 50 DMA by 7 points
Nasdaq is comfortably above 50 DMA by almost 75 points
Nasdaq has the weakest CMF, positive by 4 tick only
IF S&P 500 go below 50 DMA, we may be in real trouble this time around.
Dow has made lower low already......
Jobs report on Friday may put further pressure on the downside, expectations are 208k jobs creation, IF we go above, it may not be a news easily digested by the market, interest rate fear will go into high gear.
Semis are in "froth land"
IF Semis tank, there is no support in this market.......
To say the least, things are not looking healthy.....
NO..its not the time to sell everything, but be cautious about your expectations.
We have a history of fast downward move of two days then recovery.......
Monitor your portfolio closely for weakness and take appropriate action.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Sunday, May 31, 2015
Friday, May 29, 2015
Indices closed down .55% to .64%......
Indices closed down near low of the day. Internals are heading south. Reason for today's weakness given, that GDP report, which was better than expected ?
S&P 500 @ 2107.39, low 2104.89, high 2120.66
RSI @ 48.90
CMF @ 0.036
Internals were :
Down volume led by 2.25 to 1 in NYSE & 1.78 to 1 in Nasdaq
Declining stocks led by 2.24 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & highs by 47 in Nasdaq
VIX UP 3.98% @ 13.84
Oil @ $60.30
Gold @ $1189.80
Canadian $ @ 75.55
Stocks which were UP 1% or more included AKS SWIR
NXPI KORS EBAY BRCM.....
Here is my weighting :
LULU 25.34%
GPRO 21.83%
BBRY 16.91%
VDSI 12.10%
RAD 11.35%
AKS 8.76%
SWIR 3.71%
Exposure 258%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2107.39, low 2104.89, high 2120.66
RSI @ 48.90
CMF @ 0.036
Internals were :
Down volume led by 2.25 to 1 in NYSE & 1.78 to 1 in Nasdaq
Declining stocks led by 2.24 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & highs by 47 in Nasdaq
VIX UP 3.98% @ 13.84
Oil @ $60.30
Gold @ $1189.80
Canadian $ @ 75.55
Stocks which were UP 1% or more included AKS SWIR
NXPI KORS EBAY BRCM.....
Here is my weighting :
LULU 25.34%
GPRO 21.83%
BBRY 16.91%
VDSI 12.10%
RAD 11.35%
AKS 8.76%
SWIR 3.71%
Exposure 258%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, May 28, 2015
Indices closed down .13% to .17%.....
Indices closed down.
S&P 500 @ 2120.79, low 2112.86, high 2122.27
RSI @ 53.88
CMF @ 0.051
Internals were :
Down volume led by 1.60 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 5 in NYSE & 42 in Nasdaq
VIX UP .30% @ 13.31
Oil @ $57.68
Gold @ $1188.10
AH ER ...AVGO Down .52%, SPLK Down 2.91%
ULTA UP 2.39%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE rested today and closed near high of the day, which is a good thing. Internals were half decent.US$, Greece & interest rates are flip flopping daily, based on action and Guru talk. Market trades on sentiments of above mentioned 3 things. Based on recent trend, there is a good chance we may close higher on Friday. Stay the course, get used to this TAPE, its not changing any time soon.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2120.79, low 2112.86, high 2122.27
RSI @ 53.88
CMF @ 0.051
Internals were :
Down volume led by 1.60 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 5 in NYSE & 42 in Nasdaq
VIX UP .30% @ 13.31
Oil @ $57.68
Gold @ $1188.10
AH ER ...AVGO Down .52%, SPLK Down 2.91%
ULTA UP 2.39%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE rested today and closed near high of the day, which is a good thing. Internals were half decent.US$, Greece & interest rates are flip flopping daily, based on action and Guru talk. Market trades on sentiments of above mentioned 3 things. Based on recent trend, there is a good chance we may close higher on Friday. Stay the course, get used to this TAPE, its not changing any time soon.
BLOG does NOT give buy or sell.
Saleem
Indices down .15% to .23%.....
Indices continues its up and down moves on same news.
S&P 500 @ 2120.20, low 2112.86, high 2122.27
Internals are negative by 2 to 1 in NYSE & by 50% in Nasdaq
Oil Down 24 cents
Gold UP $2.50
Canadian $ UP 19 tick @ 75.69
VIX UP 3.17% @ 13.69
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are down
@ 2.37 following are UP by 1% or more :
GPRO FEYE GG YELP TSLA TWTR JKS CMG EBAY
YNDX SNDK SPLK ABX SLW AEM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2120.20, low 2112.86, high 2122.27
Internals are negative by 2 to 1 in NYSE & by 50% in Nasdaq
Oil Down 24 cents
Gold UP $2.50
Canadian $ UP 19 tick @ 75.69
VIX UP 3.17% @ 13.69
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are down
@ 2.37 following are UP by 1% or more :
GPRO FEYE GG YELP TSLA TWTR JKS CMG EBAY
YNDX SNDK SPLK ABX SLW AEM .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 27, 2015
Indices closed UP .67% to 1.47%...NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2123.48, high 2126.22, low 2105.13
RSI @ 54.93
CMF @ 0.029
Internals were :
UP volume led by 3.31 to 1 in NYSE & 5.22 to 1 in Nasdaq
Advancing stocks led by 2.78 to 1 in NYSE & 2.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 21 in NYSE & 32 in Nasdaq
VIX Down 5.62% @ 13.27
Oil @ $67.51
Gold @ $1185.60
Stocks which were UP 1% or more included AKS LULU RAD
YY YHOO LNKD GOOGL AAPL FB NXPI MU LVS
JKS AMZN EBAY V HIMX CRUS SNDK BRCM
AMCC LSCC CIEN JDSU FNSR C NFLX AAL
SPLK SBUX STLD DATA MGA MS GS....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE recovered nicely from yesterday's drubbing. There was optimism about Greece agreement, which became catalyst for today's TAPE.Nasdaq closed @ the highest level in history. Internals of the market improved across the board. Stay in diversified mode to counter extreme volatility in this TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2123.48, high 2126.22, low 2105.13
RSI @ 54.93
CMF @ 0.029
Internals were :
UP volume led by 3.31 to 1 in NYSE & 5.22 to 1 in Nasdaq
Advancing stocks led by 2.78 to 1 in NYSE & 2.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 21 in NYSE & 32 in Nasdaq
VIX Down 5.62% @ 13.27
Oil @ $67.51
Gold @ $1185.60
Stocks which were UP 1% or more included AKS LULU RAD
YY YHOO LNKD GOOGL AAPL FB NXPI MU LVS
JKS AMZN EBAY V HIMX CRUS SNDK BRCM
AMCC LSCC CIEN JDSU FNSR C NFLX AAL
SPLK SBUX STLD DATA MGA MS GS....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE recovered nicely from yesterday's drubbing. There was optimism about Greece agreement, which became catalyst for today's TAPE.Nasdaq closed @ the highest level in history. Internals of the market improved across the board. Stay in diversified mode to counter extreme volatility in this TAPE.
BLOG does NOT give buy or sell.
Saleem
Indices UP .72% to 1.32%......NICE !!!!
Indices are back on track of going UP after testing 50 DMA.
S&P 500 @ 2122.37, high 2123.25, low 2105.13
Internals are positive by minimum 2 to 1
Oil Down 45 cents
Gold Down 70 cents
Canadian $ Down 41 tick @ 75.27
VIX Down 6.33% @ 13.17
In my portfolio :
Sold KORS $49.99
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.49 following are red by 1% or more :
BBRY SWIR KORS COH SINA CMG SPWR YNDX
TSL GMCR SPWR AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2122.37, high 2123.25, low 2105.13
Internals are positive by minimum 2 to 1
Oil Down 45 cents
Gold Down 70 cents
Canadian $ Down 41 tick @ 75.27
VIX Down 6.33% @ 13.17
In my portfolio :
Sold KORS $49.99
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.49 following are red by 1% or more :
BBRY SWIR KORS COH SINA CMG SPWR YNDX
TSL GMCR SPWR AGU.....
BLOG does NOT give buy or sell.
Saleem
KORS guidance well below estimates.....
KORS earning report was a major disappointment.
Guidance for Q1 was way below estimate....
Not much to analyze....
Sold KORS @ open with my price of $49.99
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
BLOG does NOT give buy or sell.
Saleem
Guidance for Q1 was way below estimate....
Not much to analyze....
Sold KORS @ open with my price of $49.99
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 26, 2015
Indices closed down 1.03% to 1.11%.....
Indices closed near low of the day.
S&P 500 @ 2104.20, low 2099.18, high 2125.34
RSI @ 48.26
CMF @ 0.041
Internals were :
Down volume led by 7.98 to 1 in NYSE & 4.44 to 1 in Nasdaq
Declining stocks led by 3.65 to 1 in NYSE & 3.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 44 in NYSE & 28 in Nasdaq
VIX UP 15.91% @ 14.06
Oil @ $58.03
Gold @ $1186.90
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE certainly lived up to my take of "choppy"...Dow & S&P 500 went below 50 DMA but closed UP, Nasdaq remained comfortably above 50 DMA whole day and closed well above. Beside choppy TAPE which we have been talking for months, other reasons were fear of interest rate hikes and strength of US$. NO, this is not a start of something big @ all, it is a pause which should be anticipated. Market may go UP or may go Down, but it is your strategy which matters. Those who are long with good stocks , they have nothing to fear.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2104.20, low 2099.18, high 2125.34
RSI @ 48.26
CMF @ 0.041
Internals were :
Down volume led by 7.98 to 1 in NYSE & 4.44 to 1 in Nasdaq
Declining stocks led by 3.65 to 1 in NYSE & 3.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 44 in NYSE & 28 in Nasdaq
VIX UP 15.91% @ 14.06
Oil @ $58.03
Gold @ $1186.90
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE certainly lived up to my take of "choppy"...Dow & S&P 500 went below 50 DMA but closed UP, Nasdaq remained comfortably above 50 DMA whole day and closed well above. Beside choppy TAPE which we have been talking for months, other reasons were fear of interest rate hikes and strength of US$. NO, this is not a start of something big @ all, it is a pause which should be anticipated. Market may go UP or may go Down, but it is your strategy which matters. Those who are long with good stocks , they have nothing to fear.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.11% to 1.26%.....
Indices are in freefall as US$ has taken off.
S&P 500 @ 2101.09, low 2100.02, 2125.24
Internals are negative by 4 to 1 in NYSE and 3 to 1 in Nasdaq
Oil Down $1.72
Gold Down $17.00
Canadian $ Down 1.14 cent @ 75.77 lowest level in 5 months
VIX UP 19.54% @ 14.50
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are down
@ 2.34 following are green :
RAD FEYE YY JCP......
KORS reports before open on Wednesday, here are the expectations :
Q4 Sales $1.09 Billion, EPS 91 cents
Q1 Expectations Sales $1.09 Billion, EPS $1.03
Expect a positive reaction to KORS earnings, 6% expected move +-
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2101.09, low 2100.02, 2125.24
Internals are negative by 4 to 1 in NYSE and 3 to 1 in Nasdaq
Oil Down $1.72
Gold Down $17.00
Canadian $ Down 1.14 cent @ 75.77 lowest level in 5 months
VIX UP 19.54% @ 14.50
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are down
@ 2.34 following are green :
RAD FEYE YY JCP......
KORS reports before open on Wednesday, here are the expectations :
Q4 Sales $1.09 Billion, EPS 91 cents
Q1 Expectations Sales $1.09 Billion, EPS $1.03
Expect a positive reaction to KORS earnings, 6% expected move +-
BLOG does NOT give buy or sell.
Saleem
Sunday, May 24, 2015
TAPE remains choppy......
TAPE is reflecting shift in many things .....
-Interest rate rising
-Bond era over
-Transportation weak
-Global infrastructure strong
-Global stocks doing better
This TAPE is challenging IF you do not see the shift taking place in different sectors....
This is a buy and hold market, in a diversified portfolio
Daily, many stocks are zig zagging too much
Do not make decision on few days action, carefully see the long term trend
A passive approach to your portfolio is better for your psyche & financial health...
Until October, TAPE remains sluggish.....
Trend remains slow and gradual move UP
Many stocks will lag this TAPE, it is important to recognize those in your portfolio.
This is a very normal TAPE, which we will see for many more years, so get used to new way of dealing with market.
In this environment, homework is critical, knowing fundamental trend of each stock is important in your decision making of buy or sell.
Next week Friday, GDP will be in focus, Q2 may look better than Q1 in USA.
We have entered a low return environment in equities, even though indices are hitting all time highs, its extremely selective, as to which stock are going UP,
Good luck with your diversified portfolio !
BLOG does NOT give buy or sell.
Saleem
-Interest rate rising
-Bond era over
-Transportation weak
-Global infrastructure strong
-Global stocks doing better
This TAPE is challenging IF you do not see the shift taking place in different sectors....
This is a buy and hold market, in a diversified portfolio
Daily, many stocks are zig zagging too much
Do not make decision on few days action, carefully see the long term trend
A passive approach to your portfolio is better for your psyche & financial health...
Until October, TAPE remains sluggish.....
Trend remains slow and gradual move UP
Many stocks will lag this TAPE, it is important to recognize those in your portfolio.
This is a very normal TAPE, which we will see for many more years, so get used to new way of dealing with market.
In this environment, homework is critical, knowing fundamental trend of each stock is important in your decision making of buy or sell.
Next week Friday, GDP will be in focus, Q2 may look better than Q1 in USA.
We have entered a low return environment in equities, even though indices are hitting all time highs, its extremely selective, as to which stock are going UP,
Good luck with your diversified portfolio !
BLOG does NOT give buy or sell.
Saleem
Friday, May 22, 2015
Indices closed down .03% to .29%.....
Indices closed @ low of the day after being higher earlier.
S&P 500 @ 2126.06, low 2126.06, high 2132.15
RSI @ 57.16
CMF @ 0.066
Internals were :
Down volume led by 2.07 to 1 in NYSE & .98 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 31 in NYSE & 31 in Nasdaq (not a typo)
VIX UP .17% @ 12.13
Oil @ $59.72
Gold @ $1204.00
Canadian $ @ 77.09....near recent lows against US$
Stocks which were UP 1% or more included
AKS BBRY GPRO LULU VDSI
OTEX FEYE YY BIDU MU WUBA
SINA EXPE SPWR HIMX CRUS AMCC
X STLD GS TRIP....
Here is my weighting :
LULU 21.90%
GPRO 18.10%
BBRY 15.28%
KORS 14.19%
VDSI 10.42%
RAD 9.41%
AKS 7.47%
SWIR 3.23%
Exposure 274%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Enjoy your long weekend, Canadian & world markets are open on Monday.
Saleem
S&P 500 @ 2126.06, low 2126.06, high 2132.15
RSI @ 57.16
CMF @ 0.066
Internals were :
Down volume led by 2.07 to 1 in NYSE & .98 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 31 in NYSE & 31 in Nasdaq (not a typo)
VIX UP .17% @ 12.13
Oil @ $59.72
Gold @ $1204.00
Canadian $ @ 77.09....near recent lows against US$
Stocks which were UP 1% or more included
AKS BBRY GPRO LULU VDSI
OTEX FEYE YY BIDU MU WUBA
SINA EXPE SPWR HIMX CRUS AMCC
X STLD GS TRIP....
Here is my weighting :
LULU 21.90%
GPRO 18.10%
BBRY 15.28%
KORS 14.19%
VDSI 10.42%
RAD 9.41%
AKS 7.47%
SWIR 3.23%
Exposure 274%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Enjoy your long weekend, Canadian & world markets are open on Monday.
Saleem
Thursday, May 21, 2015
Indices closed UP 0% to .38% .....NICE !!!!
Indices closed UP after some hesitation.
S&P 500 @ 2130.82, high 2134.28, low 2122.95
RSI @ 59.37
CMF @ 0.073
Internals were :
UP volume led by 1.43 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & .95 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 26 in Nasdaq
VIX Down 5.98% @ 12.11
Oil @ $60.72
Gold @ $1204.10
Stocks which were UP 1% or more included BBRY KORS RAD
FEYE QIHU YY YHOO LNKD BIDU AAPL BABA NXPI
MU COH LVS JKS CSIQ AMZN SINA SU EBAY
FSLR SPWR JDSU JCP GMCR SPLK MGA
CNQ AGU MLNX.....
AH NEWS...BRCD Down 1.58%, HPQ UP 1.24%, BBRY 1.75%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continues its lackluster performance, internals remains sloppy. Long term approach and being diversified may keep ones sanity in check. Sloppy market is never exciting, expectations has to be low. Next few days may define this market better, so stay tuned. S&P 500 made new all time high @ close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2130.82, high 2134.28, low 2122.95
RSI @ 59.37
CMF @ 0.073
Internals were :
UP volume led by 1.43 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & .95 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 26 in Nasdaq
VIX Down 5.98% @ 12.11
Oil @ $60.72
Gold @ $1204.10
Stocks which were UP 1% or more included BBRY KORS RAD
FEYE QIHU YY YHOO LNKD BIDU AAPL BABA NXPI
MU COH LVS JKS CSIQ AMZN SINA SU EBAY
FSLR SPWR JDSU JCP GMCR SPLK MGA
CNQ AGU MLNX.....
AH NEWS...BRCD Down 1.58%, HPQ UP 1.24%, BBRY 1.75%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continues its lackluster performance, internals remains sloppy. Long term approach and being diversified may keep ones sanity in check. Sloppy market is never exciting, expectations has to be low. Next few days may define this market better, so stay tuned. S&P 500 made new all time high @ close.
BLOG does NOT give buy or sell.
Saleem
Indices UP .06% to .35%....NICE !!!!
Indices are UP after being red.
S&P 500 @ 2131.13, high 2133.20, low 2122.95
Internals are mostly positive
Oil UP $1.47
Gold Down $5.00
Canadian $ UP 6 tick @ 78.00
VIX Down 4.27% @ 12.33
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are UP
@ 2.37 following are red by 1% or more :
AKS LULU SWIR OTEX HIMX X GG AEM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2131.13, high 2133.20, low 2122.95
Internals are mostly positive
Oil UP $1.47
Gold Down $5.00
Canadian $ UP 6 tick @ 78.00
VIX Down 4.27% @ 12.33
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are UP
@ 2.37 following are red by 1% or more :
AKS LULU SWIR OTEX HIMX X GG AEM .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 20, 2015
Indices closed mixed.....
Indices closed mixed despite fed statement.
S&P 500 @ 2125.85, low 2122.59, high 2134.72
RSI @ 57.79
CMF @ 0.062
Internals were :
UP volume led by 1.02 to 1 in NYSE & .90 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 49 in Nasdaq
VIX UP .23% @ 12.88
Oil @ $58.98
Gold @ $1208.70
Stocks which were UP 1% or more included GPRO RAD
OTEX FEYE YHOO BIDU BABA MU LVS SINA
EXPE SU HIMX AMCC JCP WYNN....
AH ER....NTAP Down 8.12%, CRM UP 6.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was disappointing today, Fed statement was supportive of positive action but market did not, intraday S&P 500 made it to a new all time high. Keep an eye on Thursday's action as we may see more weakness, it is more important to preserve your profit than wait for more profit, a risky business. TAPE has the feel of being tired and may want to regroup before moving up.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2125.85, low 2122.59, high 2134.72
RSI @ 57.79
CMF @ 0.062
Internals were :
UP volume led by 1.02 to 1 in NYSE & .90 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 49 in Nasdaq
VIX UP .23% @ 12.88
Oil @ $58.98
Gold @ $1208.70
Stocks which were UP 1% or more included GPRO RAD
OTEX FEYE YHOO BIDU BABA MU LVS SINA
EXPE SU HIMX AMCC JCP WYNN....
AH ER....NTAP Down 8.12%, CRM UP 6.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was disappointing today, Fed statement was supportive of positive action but market did not, intraday S&P 500 made it to a new all time high. Keep an eye on Thursday's action as we may see more weakness, it is more important to preserve your profit than wait for more profit, a risky business. TAPE has the feel of being tired and may want to regroup before moving up.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .02% to .25%...NICE !!!!
Fed minutes gave no indication of hike in interest rates. Indices were marking time for this non-event. Indices are @ high of the day.
S&P 500 @ 2130.18, high 2130.49, low 2122.59
Internals are positive
Oil UP 87 cents
Gold UP $4.10
Canadian $ UP 42 tick @ 78.11
VIX Down .23% @ 12.82
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are UP
@ 2.29 following are red by 1% or more :
LULU SWIR QIHU TWTR CSIQ JKS LSCC AAL CCJ
Z.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2130.18, high 2130.49, low 2122.59
Internals are positive
Oil UP 87 cents
Gold UP $4.10
Canadian $ UP 42 tick @ 78.11
VIX Down .23% @ 12.82
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are UP
@ 2.29 following are red by 1% or more :
LULU SWIR QIHU TWTR CSIQ JKS LSCC AAL CCJ
Z.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 19, 2015
Indices closed mixed.....
Indices closed mixed.....
S&P 500 @ 2127.83, low 2124.50, high 2133.02
RSI @ 58.64
CMF @ 0.122
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.56 to 1 in Nasdaq (not a typo )
Declining stocks led by 1.49 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 71 in Nasdaq
VIX UP .94% @ 12.85
Oil @ $57.26
Gold @ $1206.70
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was indecisive and traded on both side of flatline. Dow closed @ new all time high. S&P 500 made an intraday new all time high. This is a normal market and the trend is UP. Stay invested while the market sort out cross current of interest rate and US$, which way they all will settle differs on day to day worldwide conflicting moves.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2127.83, low 2124.50, high 2133.02
RSI @ 58.64
CMF @ 0.122
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.56 to 1 in Nasdaq (not a typo )
Declining stocks led by 1.49 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 71 in Nasdaq
VIX UP .94% @ 12.85
Oil @ $57.26
Gold @ $1206.70
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was indecisive and traded on both side of flatline. Dow closed @ new all time high. S&P 500 made an intraday new all time high. This is a normal market and the trend is UP. Stay invested while the market sort out cross current of interest rate and US$, which way they all will settle differs on day to day worldwide conflicting moves.
BLOG does NOT give buy or sell.
Saleem
Indices UP .03% to .23%.....NICE !!!!
Indices are UP after some back and forth, record highs again in S&P 500 and Dow.
S&P 500 @ 2131.29, high 2133.02, low 2125.89
Internals are negative
Oil Down $2.14
Gold Down $20.00
Canadian $ Down 62 tick @ 77.80
VIX Down .86% @ 12.62
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are down
@ 2.21 following are green by 1% or more :
GPRO LEN QIHU YY BIDU TWTR GOOGL YUM CRUS
FNSR C M SPLK MCD DATA CSOD MS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2131.29, high 2133.02, low 2125.89
Internals are negative
Oil Down $2.14
Gold Down $20.00
Canadian $ Down 62 tick @ 77.80
VIX Down .86% @ 12.62
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are down
@ 2.21 following are green by 1% or more :
GPRO LEN QIHU YY BIDU TWTR GOOGL YUM CRUS
FNSR C M SPLK MCD DATA CSOD MS.....
BLOG does NOT give buy or sell.
Saleem
Monday, May 18, 2015
Indices closed UP .14% to .60%.....NICE !!!!
Indices closed near high of the day.
S&P 500 @ 2129.20, high 2131.78, low 2120.01
RSI @ 59.19
CMF @ 0.101
Internals were :
UP volume led by 1.25 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 96 in Nasdaq
VIX UP 2.83% @ 12.73
Oil @ $59.43
Gold @ $1227.60
Stocks which were UP 1% or more included :
GPRO RAD SWIR VDSI
LEN LNKD PCLN AAPL MU DNKN YNDX HIMX
CRUS LSCC CIEN FNSR M AEM DATA CSOD MGA MS
Z MLNX....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong with internals all positive. Dow & S&P 500 @ new all time high. Nasdaq inching closer to new all time high. This TAPE has the feel of slow & steady climb UP to series of new all time highs. It will be wise to get rid of weak performers, do not waste $ allocation in dead stocks. There are many disbelievers of this rally and may have to join the party @ much higher level.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2129.20, high 2131.78, low 2120.01
RSI @ 59.19
CMF @ 0.101
Internals were :
UP volume led by 1.25 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 96 in Nasdaq
VIX UP 2.83% @ 12.73
Oil @ $59.43
Gold @ $1227.60
Stocks which were UP 1% or more included :
GPRO RAD SWIR VDSI
LEN LNKD PCLN AAPL MU DNKN YNDX HIMX
CRUS LSCC CIEN FNSR M AEM DATA CSOD MGA MS
Z MLNX....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong with internals all positive. Dow & S&P 500 @ new all time high. Nasdaq inching closer to new all time high. This TAPE has the feel of slow & steady climb UP to series of new all time highs. It will be wise to get rid of weak performers, do not waste $ allocation in dead stocks. There are many disbelievers of this rally and may have to join the party @ much higher level.
BLOG does NOT give buy or sell.
Saleem
Indices UP .21% to .60%....NICE !!!!
Dow & S&P 500 are @ new all time highs, this is just a start of series of new highs and Nasdaq to play catch up.
S&P 500 @ 2159.23, high 2130.66, low 2120.01
Internals are positive.
Oil Down 34 cents
Gold Down 20 cents
Canadian $ down 1.46 cent @ 78.44
VIX UP 2.42% @ 12.68
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are UP
@ 2.28 PM following are red by 1% or more :
AKS OTEX QIHU YY YELP YHOO BIDU BABA
LVS CSIQ SINA SU FSLR GMCR SPLK X
CCJ CNQ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2159.23, high 2130.66, low 2120.01
Internals are positive.
Oil Down 34 cents
Gold Down 20 cents
Canadian $ down 1.46 cent @ 78.44
VIX UP 2.42% @ 12.68
Portfolio AKS BBRY GPRO LULU KORS RAD SWIR VDSI
Most stocks are UP
@ 2.28 PM following are red by 1% or more :
AKS OTEX QIHU YY YELP YHOO BIDU BABA
LVS CSIQ SINA SU FSLR GMCR SPLK X
CCJ CNQ......
BLOG does NOT give buy or sell.
Saleem
Sunday, May 17, 2015
Message of this market is......
Another week and another all time high in S&P 500.
Here is the picture of 3 major indices :
-S&P 500 closed 2122.73, all time high 2125.92...only 3.19 points form new all time high
-Dow closed 18272, all time high 18288...only 16 points form new all time high
-Nasdaq closed 5048.29, all time closing high 5119.83..only 72 points from new all time high
Nasdaq is the weak cousin with a tiny negative CMF
BUT there are weaknesses in some sectors :
-Transport weak
-Utilities weak
-Consumer electronics weak
There is also surprising strength in Natural Gas & Gold and they are breaking out.....
SO...the message of the market is, stay in a diversified portfolio and you can withstand volatility easily.....
Also market is saying stay @ max exposure as it is going higher and may go in overdrive very quickly....
Do not overthink daily zig zag, that is the market we got, cannot have straight line up TAPE..those days are over for good....
Volatility is a sign of a healthy market and a normal market
IF you can make 8% in a year, you are as good as the market, higher means, you are doing better than market.
All boats cannot be lifted anymore, that was 2009 to 2014 market......
SO..think about this TAPE which is healthy but choppy day to day......
Good luck with your portfolio & strategy!
BLOG does NOT give buy or sell.
Saleem
Here is the picture of 3 major indices :
-S&P 500 closed 2122.73, all time high 2125.92...only 3.19 points form new all time high
-Dow closed 18272, all time high 18288...only 16 points form new all time high
-Nasdaq closed 5048.29, all time closing high 5119.83..only 72 points from new all time high
Nasdaq is the weak cousin with a tiny negative CMF
BUT there are weaknesses in some sectors :
-Transport weak
-Utilities weak
-Consumer electronics weak
There is also surprising strength in Natural Gas & Gold and they are breaking out.....
SO...the message of the market is, stay in a diversified portfolio and you can withstand volatility easily.....
Also market is saying stay @ max exposure as it is going higher and may go in overdrive very quickly....
Do not overthink daily zig zag, that is the market we got, cannot have straight line up TAPE..those days are over for good....
Volatility is a sign of a healthy market and a normal market
IF you can make 8% in a year, you are as good as the market, higher means, you are doing better than market.
All boats cannot be lifted anymore, that was 2009 to 2014 market......
SO..think about this TAPE which is healthy but choppy day to day......
Good luck with your portfolio & strategy!
BLOG does NOT give buy or sell.
Saleem
Friday, May 15, 2015
Indices closed mixed.....
Indices closed mixed while S&P 500 @ another all time closing high.
S&P 500 @ 2122.73, 2123.89,low 2116.79
RSI @ 57.42
CMF @ 0.107
Internals were :
UP volume led by 1.33 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk highs were leading by 71 in NYSE & 68 in Nasdaq
VIX Down 2.83% @ 12.38
Oil @ $59.69
Gold @ $1225.30
Canadian $ @ 79.93
Stocks which were UP 1% or more included RAD
OTEX BIDU TSLA JKS YUM AMCC JCP NFLX M.....
In my portfolio :
Bought SWIR @ $32.97
Here is my weighting :
LULU 23.21%
GPRO 16.74%
BBRY 15.20%
KORS 14.10%
VDSI 10.21%
RAD 9.14%
AKS 8.02%
SWIR 3.38%
Exposure 274%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2122.73, 2123.89,low 2116.79
RSI @ 57.42
CMF @ 0.107
Internals were :
UP volume led by 1.33 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.33 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk highs were leading by 71 in NYSE & 68 in Nasdaq
VIX Down 2.83% @ 12.38
Oil @ $59.69
Gold @ $1225.30
Canadian $ @ 79.93
Stocks which were UP 1% or more included RAD
OTEX BIDU TSLA JKS YUM AMCC JCP NFLX M.....
In my portfolio :
Bought SWIR @ $32.97
Here is my weighting :
LULU 23.21%
GPRO 16.74%
BBRY 15.20%
KORS 14.10%
VDSI 10.21%
RAD 9.14%
AKS 8.02%
SWIR 3.38%
Exposure 274%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, May 14, 2015
Indices closed UP 1.06% to 1.39%.....NICE !!!!
Indices closed UP sharply @ high of the day.
S&P 500 @ 2121.10, high 2121.45, low 2100.43
RSI @ 56.98
CMF @ 0.053
Internals were :
UP volume led by 2.41 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 3.13 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 69 in Nasdaq
VIX Down 7.41% @ 12.74
Oil @ $59.88
Gold @ $1225.20
Stocks which were UP 1% or more included GPRO LULU VDSI
YHOO PCLN GOOGL AAPL FB NXPI WUBA LEN HIMX
AMZN DNKN EXPE EBAY FFIV MA V BRCM LSCC
CIEN JDSU FNSR QIHU MFLX SPLK SBUX DATA
CSOD TRIP MLNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE went in overdrive and made highest ever close in S&P 500. IBD tonight is changing its market outlook to "market in confirmed uptrend". We are all set to make series of new all time highs in all indices. There has been a change in US$ direction and oil is stable which gives breathing room to world economies. Enjoy the ride UP.
BLOG does NOT give buy or sell.
P.S.....there is one closing BLOG only on Friday's or last day of trading around 7 PM.
Saleem
S&P 500 @ 2121.10, high 2121.45, low 2100.43
RSI @ 56.98
CMF @ 0.053
Internals were :
UP volume led by 2.41 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 3.13 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 69 in Nasdaq
VIX Down 7.41% @ 12.74
Oil @ $59.88
Gold @ $1225.20
Stocks which were UP 1% or more included GPRO LULU VDSI
YHOO PCLN GOOGL AAPL FB NXPI WUBA LEN HIMX
AMZN DNKN EXPE EBAY FFIV MA V BRCM LSCC
CIEN JDSU FNSR QIHU MFLX SPLK SBUX DATA
CSOD TRIP MLNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE went in overdrive and made highest ever close in S&P 500. IBD tonight is changing its market outlook to "market in confirmed uptrend". We are all set to make series of new all time highs in all indices. There has been a change in US$ direction and oil is stable which gives breathing room to world economies. Enjoy the ride UP.
BLOG does NOT give buy or sell.
P.S.....there is one closing BLOG only on Friday's or last day of trading around 7 PM.
Saleem
Indices UP 1.01% to 1.30%....NICE !!!!
Indices are @ high of the day, Draghi making comments about supporting their QE....
S&P 500 @ 2119.80, high 2120.00, low 2100.43
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 58 cents
Gold UP $4.40
Canadian $ Down 30 tick @ 79.66
VIX Down 6.47% @ 12.87
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.24 following are red by 1% or more :
FEYE YY MU LNKD JKS X SLW CNQ Z WYNN
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2119.80, high 2120.00, low 2100.43
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 58 cents
Gold UP $4.40
Canadian $ Down 30 tick @ 79.66
VIX Down 6.47% @ 12.87
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.24 following are red by 1% or more :
FEYE YY MU LNKD JKS X SLW CNQ Z WYNN
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 13, 2015
Indices closed mixed......
Indices closed mixed after being UP @ open.
S&P 500 @ 2098.48, low 2096.04, high 2110.19
RSI @ 50.42
CMF @ 0.003
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.27 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & 1.00 to 1 in Nasdaq
Net new 52 wk highs were leading by 20 in NYSE & 33 in Nasdaq
VIX Down .72% @ 13.76
Oil @ $60.50
Gold @ $1218.20
Stocks which were UP 1% or more included AKS RAD VDSI
FEYE GG YY YHOO FB MU JKS FSLR YNDX BRCM
JDSU GMCR SPLK X ABX SLW AEM CSOD......
AH ER ...NTES UP 5%, VIPS UP 6.83%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continues its meandering approach as its tries to adjust two new reality, first US$ weakness, secondly interest rate picture. TAPE is trying to discount potential impact from those two changing picture. There is a saying "never short a dull TAPE"....Internals improved from yesterday. Follow your list of strategic buying, as we may come out of this indecision by blasting UP.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2098.48, low 2096.04, high 2110.19
RSI @ 50.42
CMF @ 0.003
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.27 to 1 in Nasdaq
Advancing stocks led by 1.25 to 1 in NYSE & 1.00 to 1 in Nasdaq
Net new 52 wk highs were leading by 20 in NYSE & 33 in Nasdaq
VIX Down .72% @ 13.76
Oil @ $60.50
Gold @ $1218.20
Stocks which were UP 1% or more included AKS RAD VDSI
FEYE GG YY YHOO FB MU JKS FSLR YNDX BRCM
JDSU GMCR SPLK X ABX SLW AEM CSOD......
AH ER ...NTES UP 5%, VIPS UP 6.83%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continues its meandering approach as its tries to adjust two new reality, first US$ weakness, secondly interest rate picture. TAPE is trying to discount potential impact from those two changing picture. There is a saying "never short a dull TAPE"....Internals improved from yesterday. Follow your list of strategic buying, as we may come out of this indecision by blasting UP.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
TAPE is struggling after being down for 2 days.
S&P 500 @ 2097.75, low 2097.24, high 2110.19
Internals are positive
Oil UP 5 cents
Gold UP $22.30
Canadian $ UP 55 tick @ 80.41, 5 months high
VIX UP .14% @ 13.88
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.26 following are red by 1% or more :
KORS YELP LNKD WUBA AMZN AMCC LSCC
M WYNN....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2097.75, low 2097.24, high 2110.19
Internals are positive
Oil UP 5 cents
Gold UP $22.30
Canadian $ UP 55 tick @ 80.41, 5 months high
VIX UP .14% @ 13.88
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.26 following are red by 1% or more :
KORS YELP LNKD WUBA AMZN AMCC LSCC
M WYNN....
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 12, 2015
Indices closed down .20% to .35%.....
Indices closed down but near top end of the range.
S&P 500 @ 2099.12, low 2085.57, high 2105.06
RSI @ 50.62
CMF @ 0.047
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.52 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & highs by 2 in Nasdaq
VIX UP .07% @ 13.86
Oil @ $60.75
Gold @ $1192.40
AH ER...Z Down .64%, CTRP Down 1.63%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was in real danger of collapsing through 50 DMA, but recovered nicely from lows of the day and closed above 50 DMA in all indices. Bond caused the collapse in equities then US bargain hunters came in and bought aggressively. This TAPE is jittery but it manages to creep up when nobody expects. So we got 2 days of selling after earlier 2 days of UP move, now its UP move for may be 2 days, get used to this zig zag TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2099.12, low 2085.57, high 2105.06
RSI @ 50.62
CMF @ 0.047
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.52 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & highs by 2 in Nasdaq
VIX UP .07% @ 13.86
Oil @ $60.75
Gold @ $1192.40
AH ER...Z Down .64%, CTRP Down 1.63%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was in real danger of collapsing through 50 DMA, but recovered nicely from lows of the day and closed above 50 DMA in all indices. Bond caused the collapse in equities then US bargain hunters came in and bought aggressively. This TAPE is jittery but it manages to creep up when nobody expects. So we got 2 days of selling after earlier 2 days of UP move, now its UP move for may be 2 days, get used to this zig zag TAPE.
BLOG does NOT give buy or sell.
Saleem
Indices down .17% to 20%.....
Indices were sharply lower earlier on worldwide bond selling. Indices are near best level of the day. US$ is sharply lower and commodities are UP.
S&P 500 @ 2101.29, low 2085.57, high 2103.69
Internals are negative
Oil UP $1.03
Gold UP $9.70
Canadian $ UP 1.05 cents @ 80.03, highest level in 6 months against US$.....
VIX UP .94% @ 13.98
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.28 PM following are green by 1% or more :
AKS GPRO VDSI GG YELP LVS TSLA YUM X
SLW AEM CCJ CSOD CNQ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2101.29, low 2085.57, high 2103.69
Internals are negative
Oil UP $1.03
Gold UP $9.70
Canadian $ UP 1.05 cents @ 80.03, highest level in 6 months against US$.....
VIX UP .94% @ 13.98
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are down
@ 2.28 PM following are green by 1% or more :
AKS GPRO VDSI GG YELP LVS TSLA YUM X
SLW AEM CCJ CSOD CNQ......
BLOG does NOT give buy or sell.
Saleem
Monday, May 11, 2015
Indices closed down .20% to .51%......
Indices closed down.
S&P 500 @ 2105.33, low 2104.58, high 2117.69
RSI @ 52.53
CMF @ 0.058
Internals were :
Down volume led by 1.86 to 1 in NYSE & .94 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & .88 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 28 in Nasdaq
VIX UP 7.70% @ 13.85
Oil @ $59.25
Gold @ $1183.00
AH ER ...YY Down 8.8%, RAX 13.12%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure due to slowing Chinese growth & Greece decision. Indices closed near low of the day and there was some damage to internals of the market. IF Greece situation becomes optimistic and get resolved, then we may have a very strong day, which could be as early as tomorrow. Otherwise, stay put and wait for 1 down day and 2 up day TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2105.33, low 2104.58, high 2117.69
RSI @ 52.53
CMF @ 0.058
Internals were :
Down volume led by 1.86 to 1 in NYSE & .94 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & .88 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 28 in Nasdaq
VIX UP 7.70% @ 13.85
Oil @ $59.25
Gold @ $1183.00
AH ER ...YY Down 8.8%, RAX 13.12%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure due to slowing Chinese growth & Greece decision. Indices closed near low of the day and there was some damage to internals of the market. IF Greece situation becomes optimistic and get resolved, then we may have a very strong day, which could be as early as tomorrow. Otherwise, stay put and wait for 1 down day and 2 up day TAPE.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed as it awaits Greece development.
S&P 500 @ 2109.46, low 2109.14, high 2117.69
Internals are mixed
Oil Down 14 cents
Gold Down $5.70
Canadian $ Down 13 tick @ 79.11
VIX UP 4.43% @ 13.43
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are lower
@ 2.22 following are green by 1% or more :
AKS BBRY QIHU YY LNKD TSLA MU WUBA JKS
CSIQ SINA DNKN SPWR HIMX FEYE NFLX
AAL X AEM DATA MS Z MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2109.46, low 2109.14, high 2117.69
Internals are mixed
Oil Down 14 cents
Gold Down $5.70
Canadian $ Down 13 tick @ 79.11
VIX UP 4.43% @ 13.43
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are lower
@ 2.22 following are green by 1% or more :
AKS BBRY QIHU YY LNKD TSLA MU WUBA JKS
CSIQ SINA DNKN SPWR HIMX FEYE NFLX
AAL X AEM DATA MS Z MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, May 10, 2015
Indices all set for new all time highs.......
Despite bearish conviction by many well known "experts", market has ignored all of them and is marching towards new all time highs.....what a learning lesson for "experts"
Here is where all indices are sitting and where they need to go to make it in record book :
S&P 500 @ 2116.10 needs to go to 2125.92 only 9.83 points away
Dow @ 18,191.11 needs to go to 18,288.63 only 97.53 points away
Nasdaq @ 5003.55 needs to go to 5119.83 only 116.29 points away
S&P 500 & Dow could get to new all time highs on Monday IF Greece is not causing trouble for Euro land.
Nasdaq may take about 4 good days to get to new all time highs, can you imagine Nasdaq being laggard?
Only trouble i see with this TAPE is our famous CMF, which is barely green in Dow & S&P 500 but actually red by -0.028 in Nasdaq...this is troubling...no highs are made in these conditions.....we shall see IF it turns UP or this indicator has lost its meaning due to High Frequency Trading by Supercomputers.......
I like to suggest that you make a list of stocks to buy and stick to plan, IF you are fully invested then stay with those stocks IF they are working, strong stocks needs to be in focus NOT laggards.
We are in a very different market than what we had since June 2009, this is a market of stock picking and sticking with them, patience and conviction is key here or you will be shaken out of your strategic approach.
SO...revisit your portfolio and see IF you have stocks which you can stay for 2 years, if NOT change your stocks to reflect new realities.
Good luck with your "new & improved stock picking"
BLOG does NOT give buy or sell.
Saleem
Here is where all indices are sitting and where they need to go to make it in record book :
S&P 500 @ 2116.10 needs to go to 2125.92 only 9.83 points away
Dow @ 18,191.11 needs to go to 18,288.63 only 97.53 points away
Nasdaq @ 5003.55 needs to go to 5119.83 only 116.29 points away
S&P 500 & Dow could get to new all time highs on Monday IF Greece is not causing trouble for Euro land.
Nasdaq may take about 4 good days to get to new all time highs, can you imagine Nasdaq being laggard?
Only trouble i see with this TAPE is our famous CMF, which is barely green in Dow & S&P 500 but actually red by -0.028 in Nasdaq...this is troubling...no highs are made in these conditions.....we shall see IF it turns UP or this indicator has lost its meaning due to High Frequency Trading by Supercomputers.......
I like to suggest that you make a list of stocks to buy and stick to plan, IF you are fully invested then stay with those stocks IF they are working, strong stocks needs to be in focus NOT laggards.
We are in a very different market than what we had since June 2009, this is a market of stock picking and sticking with them, patience and conviction is key here or you will be shaken out of your strategic approach.
SO...revisit your portfolio and see IF you have stocks which you can stay for 2 years, if NOT change your stocks to reflect new realities.
Good luck with your "new & improved stock picking"
BLOG does NOT give buy or sell.
Saleem
Friday, May 8, 2015
Indices closed UP 1.17% to 1.49%....NICE !!!!
Jobs report came in better than feared of 223K, not too hot not too cold with no inflation in wages. All indices closed @ high of the day& near all time highs in S&P 500.
S&P 500 @ 2116.10, high 2117.66, low 2092.13
RSI @ 55.92
CMF @ 0.054
UP volume led by 5.59 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 4.10 to 1 in NYSE & 1.68 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 31 in Nasdaq
VIX Down 15% @ 12.86
Oil @ $59.39
Gold @ $1188.90
Canadian $ @ 79.32
Stocks which were UP 1% or more included :
BBRY GPRO RAD VDSI
LEN FEYE QIHU YY YELP GOOGL AAPL BABA
NXPI LVS JKS CSIQ AMZN EXPE SU EBAY MA V
SPWR YNDX CRUS SNDK CIEN JDSU FNSR C NFLX
M GMCR SPLK MCD X STLD GG CCJ DATA MGA WYNN
GS TRIP.......
Here is my weighting :
LULU 24.74%
GPRO 17.61%
BBRY 15.20%
KORS 15.18%
VDSI 10.14%
RAD 9.26%
AKS 7.87%
Exposure 270%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2116.10, high 2117.66, low 2092.13
RSI @ 55.92
CMF @ 0.054
UP volume led by 5.59 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 4.10 to 1 in NYSE & 1.68 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 31 in Nasdaq
VIX Down 15% @ 12.86
Oil @ $59.39
Gold @ $1188.90
Canadian $ @ 79.32
Stocks which were UP 1% or more included :
BBRY GPRO RAD VDSI
LEN FEYE QIHU YY YELP GOOGL AAPL BABA
NXPI LVS JKS CSIQ AMZN EXPE SU EBAY MA V
SPWR YNDX CRUS SNDK CIEN JDSU FNSR C NFLX
M GMCR SPLK MCD X STLD GG CCJ DATA MGA WYNN
GS TRIP.......
Here is my weighting :
LULU 24.74%
GPRO 17.61%
BBRY 15.20%
KORS 15.18%
VDSI 10.14%
RAD 9.26%
AKS 7.87%
Exposure 270%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, May 7, 2015
Indices closed UP .38% to .53%...NICE !!!!
Indices closed UP after being down earlier.
S&P 500 @ 2088.00, high 2092.90, low 2074.99
RSI @ 47.75
CMF @ 0.054
Internals were :
UP volume led by 1.28 to 1 in NYSE & 3.69 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 31 in NYSE & 19 in Nasdaq
VIX Down .13% @ 15.13
Oil @ $58.94
Gold @ $1182.20
Stocks which were UP 1% or more included AKS GPRO
LEN YELP YHOO BIDU TSLA GOOGL BABA
NXPI TWTR SWIR WUBA COH AMZN
EXPE YUM FFIV MA V FSLR SPWR
CRUS BRCM AMCC CIEN JDSU
C AAL M SLW AEM CSOD
MGA MS Z AGU TRIP
MLNX......
AH ER..SWIR UP 1.74%, CYBR UP 2.28%,
DATA UP 7.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE proved all the famous bears who keep jumping on bear bandwagon with no horses, that they need to eat humble pie as market is smarter than all of them put together. Now the latest anxiety is jobs report as if everything is based on one report only, it is the trend which matters. Keep your focus away from all the noise @ 830 AM, we need to see how we close @ 4 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2088.00, high 2092.90, low 2074.99
RSI @ 47.75
CMF @ 0.054
Internals were :
UP volume led by 1.28 to 1 in NYSE & 3.69 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 31 in NYSE & 19 in Nasdaq
VIX Down .13% @ 15.13
Oil @ $58.94
Gold @ $1182.20
Stocks which were UP 1% or more included AKS GPRO
LEN YELP YHOO BIDU TSLA GOOGL BABA
NXPI TWTR SWIR WUBA COH AMZN
EXPE YUM FFIV MA V FSLR SPWR
CRUS BRCM AMCC CIEN JDSU
C AAL M SLW AEM CSOD
MGA MS Z AGU TRIP
MLNX......
AH ER..SWIR UP 1.74%, CYBR UP 2.28%,
DATA UP 7.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE proved all the famous bears who keep jumping on bear bandwagon with no horses, that they need to eat humble pie as market is smarter than all of them put together. Now the latest anxiety is jobs report as if everything is based on one report only, it is the trend which matters. Keep your focus away from all the noise @ 830 AM, we need to see how we close @ 4 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .53% to .70%....NICE !!!!
Indices are firmly UP despite another bearish call by Shiller, more bear higher we go.
S&P 500 @ 2091.19, high 2092.90, low 2074.99
Internals are positive for the most part
Oil Down $2.11
Gold Down $8.50
Canadian $ Down 94 tick @ 77.62
VIX Down .99% @ 15.00
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.33 following are red :
VDSI OTEX QIHU GG YY PCLN MU JKS CSIQ
SINA SU YNDX GMCR X ABX GG CCJ
CNQ.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.19, high 2092.90, low 2074.99
Internals are positive for the most part
Oil Down $2.11
Gold Down $8.50
Canadian $ Down 94 tick @ 77.62
VIX Down .99% @ 15.00
Portfolio AKS BBRY GPRO LULU KORS RAD VDSI
Most stocks are UP
@ 2.33 following are red :
VDSI OTEX QIHU GG YY PCLN MU JKS CSIQ
SINA SU YNDX GMCR X ABX GG CCJ
CNQ.....
BLOG does NOT give buy or sell.
Saleem
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