Indices staged an oversold bounce by closing UP.
S&P 500 @ 2063.11, high 2074.28, low 2056.32
RSI @ 37.67
CMF @ -0.223
Internals were :
UP volume led by 1.18 to 1 in NYSE & 1.85 to 1 in Nasdaq
Advancing stocks led by 1.55 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk lows were leading by 215 in NYSE & 78 in Nasdaq
VIX Down 3.29% @ 18.23
Oil @ $59.47
Gold @ $1171.80
Stocks which were UP 1% or more included
SWIR TWTR VDSI VIPS
AMBA BITA FEYE YY YELP
LNKD TSLA PCLN BABA WUBA LVS
JKS CSIQ EXPE EBAY MA YNDX CRUS OTEX
NFLX SPLK DATA MS BRCM WYNN AGU TRIP...
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was sluggish today and barely closed UP. Internals remained extremely weak. Tonight IBD is changing its market outlook to " market uptrend under pressure". While market is indecisive, it is prudent to add good stocks in your portfolio, i pruned all the laggards and added to strength or stocks with better prospects. We should work our way higher gradually.
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 30, 2015
Indices UP .44% to .78%....NICE !!!!
Indices are UP as expected as Greek drama continues.
S&P 500 @ 2070.21, high 2074.28, low 2056.32
Internals are positive by 2 to 1
Oil UP $1.15
Gold Down $6.10
Canadian $ Down 88 tick @ 75.12
VIX Down 2.49% @ 18.38
In my portfolio :
Sold AKS $3.85
Added 120% VIPS @ $22.04
Portfolio GPRO LULU RAD SWIR TWTR VDSI VIPS
Most stocks are UP
@ 2.49 following are red :
GPRO BIDU AKS BBRY COH FSLR SPWR SNDK
AMCC LSCC JDSU FNSR MCD X STLD ABX
SLW AEM GG .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.21, high 2074.28, low 2056.32
Internals are positive by 2 to 1
Oil UP $1.15
Gold Down $6.10
Canadian $ Down 88 tick @ 75.12
VIX Down 2.49% @ 18.38
In my portfolio :
Sold AKS $3.85
Added 120% VIPS @ $22.04
Portfolio GPRO LULU RAD SWIR TWTR VDSI VIPS
Most stocks are UP
@ 2.49 following are red :
GPRO BIDU AKS BBRY COH FSLR SPWR SNDK
AMCC LSCC JDSU FNSR MCD X STLD ABX
SLW AEM GG .....
BLOG does NOT give buy or sell.
Saleem
Monday, June 29, 2015
Indices closed down 1.95% to 2.40%.....
Indices closed @ low of the day.
S&P 500 @ 2057.64, low 2056.64, high 2098.63
RSI @ 35.47
CMF @ -0.205
Internals were :
Down volume led by 21.05 to 1 in NYSE & 19.04 to 1 in Nasdaq
Declining stocks led by 10.18 to 1 in NYSE & 6.56 to 1 in Nasdaq
Net new 52 wk lows were leading by 314 in NYSE & 95 in Nasdaq
VIX UP 34.45% @ 18.85
Oil @ $58.33
Gold @ $1179.00
In my portfolio :
Sold BBRY @ $8.29
Bought VDSI @ $29.35
Portfolio AKS GPRO LULU RAD SWIR TWTR VDSI VIPS
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE faced an expected sell,sell,sell on Greek situation. Nasdaq below 50 DMA, Dow below 200 DMA & S&P 500 only 4 points above 200 DMA. Internals got massacred, it is so extreme that a "turnaround Tuesday is given". In case you thought that Greek drama is over, you are mistaken, it will continue "beyond NO vote"....Hopefully, you were able to buy beaten down stocks or made some switch, it should pay off in short order.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2057.64, low 2056.64, high 2098.63
RSI @ 35.47
CMF @ -0.205
Internals were :
Down volume led by 21.05 to 1 in NYSE & 19.04 to 1 in Nasdaq
Declining stocks led by 10.18 to 1 in NYSE & 6.56 to 1 in Nasdaq
Net new 52 wk lows were leading by 314 in NYSE & 95 in Nasdaq
VIX UP 34.45% @ 18.85
Oil @ $58.33
Gold @ $1179.00
In my portfolio :
Sold BBRY @ $8.29
Bought VDSI @ $29.35
Portfolio AKS GPRO LULU RAD SWIR TWTR VDSI VIPS
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE faced an expected sell,sell,sell on Greek situation. Nasdaq below 50 DMA, Dow below 200 DMA & S&P 500 only 4 points above 200 DMA. Internals got massacred, it is so extreme that a "turnaround Tuesday is given". In case you thought that Greek drama is over, you are mistaken, it will continue "beyond NO vote"....Hopefully, you were able to buy beaten down stocks or made some switch, it should pay off in short order.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.65% to 2.04%......
Indices are getting trashed and is near low of the day.
S&P 500 @ 2065.69, low 2063.76, high 2098.63
Internals are negative by 6 to 1 in Nasdaq and 8 to 1 in NYSE
Oil Down $1.32
Gold UP $5.60
Canadian $ Down 56 tick @ 76.42
VIX UP 31.95% @ 18.50
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR VIPS
Majority stocks are red....
@ 2.42 following are green :
QIHU MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2065.69, low 2063.76, high 2098.63
Internals are negative by 6 to 1 in Nasdaq and 8 to 1 in NYSE
Oil Down $1.32
Gold UP $5.60
Canadian $ Down 56 tick @ 76.42
VIX UP 31.95% @ 18.50
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR VIPS
Majority stocks are red....
@ 2.42 following are green :
QIHU MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, June 28, 2015
How low we go on Greece default ?
SO...here we are, facing a troubling scenario, Greece owes 1.6 billion euros due on Tuesday.
ECB & IMF have pretty much cut the line of credit to Greece
Banks and Stock exchange are closed in Greece until further notice
July 5th referendum has been OK'd by Greece Parliament
EU is willing to wait for a surprise YES vote for bailout to start re-negotiation .
How all this will play out is almost a foregone conclusion......
There is too much hostility between Greece leadership and EU / ECB / IMF.....
Now the question is .....
How much reaction will be on Wall Street ? Europe and first to open Asian Markets.....
It all depends how the verbage is from EU.......
EU holds all the cards.....
We may be looking @ 300 Dow points loss in NYSE
Dow & S&P 500 are already below 50 DMA
Nasdaq is barely above by 31 points
China has cut reserve requirements for the banks for the 4th time, will this negate some of the bearishness ?
Chinese stocks may behave better than rest.....
There is end of the month buying left, which may give recovery on Tuesday which is the last day of the month....
This is a 4 day week, market closed on Friday for 4th of July, Toronto closed on Wednesday for Canada day.....
Then there is jobs report, which may give support to market, it could be as expected.
SO...brace yourself for some buying by end of the day on Monday, Tuesday could be super strong.
BLOG does NOT give buy or sell.
Saleem
ECB & IMF have pretty much cut the line of credit to Greece
Banks and Stock exchange are closed in Greece until further notice
July 5th referendum has been OK'd by Greece Parliament
EU is willing to wait for a surprise YES vote for bailout to start re-negotiation .
How all this will play out is almost a foregone conclusion......
There is too much hostility between Greece leadership and EU / ECB / IMF.....
Now the question is .....
How much reaction will be on Wall Street ? Europe and first to open Asian Markets.....
It all depends how the verbage is from EU.......
EU holds all the cards.....
We may be looking @ 300 Dow points loss in NYSE
Dow & S&P 500 are already below 50 DMA
Nasdaq is barely above by 31 points
China has cut reserve requirements for the banks for the 4th time, will this negate some of the bearishness ?
Chinese stocks may behave better than rest.....
There is end of the month buying left, which may give recovery on Tuesday which is the last day of the month....
This is a 4 day week, market closed on Friday for 4th of July, Toronto closed on Wednesday for Canada day.....
Then there is jobs report, which may give support to market, it could be as expected.
SO...brace yourself for some buying by end of the day on Monday, Tuesday could be super strong.
BLOG does NOT give buy or sell.
Saleem
Friday, June 26, 2015
Indices closed mixed.....
Indices closed mixed. Greeks are voting on a referendum on July 5th to say YES to extension of loans / bailout from ECB, IMF......
S&P 500 @ 2101.49, 2095.38, 2108.92
RSI @ 48.13
CMF @ -0.148
Internals were :
Down volume led by 1.07 to 1 in NYSE & 2.27 to 1 in Nasdaq
Declining stocks led by 1.32 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & highs by 53 in Nasdaq
VIX UP .07% @ 14.02
Oil @ $59.63
Gold @ $1173.20
Canadian $ @ 76.84
Stocks which closed green included TWTR
FB COH LEN DNKN EXPE CMG YUM
MA V C M SBUX MCD STLD MGA
MS GS TRIP...
Here is my weighting :
LULU 26.44%
GPRO 19.81%
BBRY 13.75%
SWIR 11.52%
RAD 10.36%
TWTR 7.94%
AKS 6.47%
VIPS 3.71%
Exposure 269%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2101.49, 2095.38, 2108.92
RSI @ 48.13
CMF @ -0.148
Internals were :
Down volume led by 1.07 to 1 in NYSE & 2.27 to 1 in Nasdaq
Declining stocks led by 1.32 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & highs by 53 in Nasdaq
VIX UP .07% @ 14.02
Oil @ $59.63
Gold @ $1173.20
Canadian $ @ 76.84
Stocks which closed green included TWTR
FB COH LEN DNKN EXPE CMG YUM
MA V C M SBUX MCD STLD MGA
MS GS TRIP...
Here is my weighting :
LULU 26.44%
GPRO 19.81%
BBRY 13.75%
SWIR 11.52%
RAD 10.36%
TWTR 7.94%
AKS 6.47%
VIPS 3.71%
Exposure 269%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 25, 2015
Indices closed down .20% to .42%....
Indices closed near low of the day.
S&P 500 @ 2102.31, low 2101.78, high 2116.04
RSI @ 48.43
CMF @ -0.185
Internals were :
Down volume led by 1.57 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.79 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk lows were leading by 24 in NYSE & highs by 74 in Nasdaq
VIX UP 5.66% @ 14.01
Oil @ $59.70
Gold @ $1171.80
AH ER...NKE UP 3.59%, BWLD Down 3.6%
MU Down 11.49%
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is waiting for resolution of Greek talk, meeting to resume on Saturday. Market internals are getting weaker as market waits for resolution. It is important to keep focus on good stocks which are getting attractive. After this base building process, TAPE will resume its uptrend.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2102.31, low 2101.78, high 2116.04
RSI @ 48.43
CMF @ -0.185
Internals were :
Down volume led by 1.57 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.79 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk lows were leading by 24 in NYSE & highs by 74 in Nasdaq
VIX UP 5.66% @ 14.01
Oil @ $59.70
Gold @ $1171.80
AH ER...NKE UP 3.59%, BWLD Down 3.6%
MU Down 11.49%
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is waiting for resolution of Greek talk, meeting to resume on Saturday. Market internals are getting weaker as market waits for resolution. It is important to keep focus on good stocks which are getting attractive. After this base building process, TAPE will resume its uptrend.
BLOG does NOT give buy or sell.
Saleem
Indices down .29% to .38%......
Indices are @ low of the day.
S&P 500 @ 2102.88, low 2101.78, high 2116.04
Internals are negative by 2 to 1
Oil Down 56 cents
Gold Down 30 cents
Canadian $ UP 57 tick @ 76.75
VIX UP 4.90% @ 13.90
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR VIPS
Most stocks are down
@ 2.37 following are green :
LULU AMBA FEYE YHOO LNKD TSLA VDSI
LEN DNKN FFIV HIMX CRUS AAL SPLK
SBUX DATA CSOD MGA AGU MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2102.88, low 2101.78, high 2116.04
Internals are negative by 2 to 1
Oil Down 56 cents
Gold Down 30 cents
Canadian $ UP 57 tick @ 76.75
VIX UP 4.90% @ 13.90
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR VIPS
Most stocks are down
@ 2.37 following are green :
LULU AMBA FEYE YHOO LNKD TSLA VDSI
LEN DNKN FFIV HIMX CRUS AAL SPLK
SBUX DATA CSOD MGA AGU MLNX....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 24, 2015
Indices closed down .73% to .98%.....
Indices closed down @ absolute low of the day.
S&P 500 @ 2108.58, low 2108.58, high 2125.10
RSI @ 50.68
CMF @ -0.110
Internals were :
Down volume led by 4.18 to 1 in NYSE & 3.36 to 1 in Nasdaq
Declining stocks led by 2.49 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 27 in NYSE & 81 in Nasdaq
VIX UP 9.50% @ 13.26
Oil @ $60.27
Gold @ $1172.90
AH ER.....BBBY Down 2.35%, CREE Down 5.69%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure due to inability of Greece, ECB, IMF, EU to come to an agreement. there is still 6 days left to come to an agreement and even beyond June 30th deadline. I do not see this as failure, just a negotiating tool. This pullback was expected and is healthy to reset support. Dow is below 50 DMA and S&P 500 sitting just above it, this we have seen before and TAPE has rallied from these level. Weakness is / was a buying opportunity.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2108.58, low 2108.58, high 2125.10
RSI @ 50.68
CMF @ -0.110
Internals were :
Down volume led by 4.18 to 1 in NYSE & 3.36 to 1 in Nasdaq
Declining stocks led by 2.49 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 27 in NYSE & 81 in Nasdaq
VIX UP 9.50% @ 13.26
Oil @ $60.27
Gold @ $1172.90
AH ER.....BBBY Down 2.35%, CREE Down 5.69%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure due to inability of Greece, ECB, IMF, EU to come to an agreement. there is still 6 days left to come to an agreement and even beyond June 30th deadline. I do not see this as failure, just a negotiating tool. This pullback was expected and is healthy to reset support. Dow is below 50 DMA and S&P 500 sitting just above it, this we have seen before and TAPE has rallied from these level. Weakness is / was a buying opportunity.
BLOG does NOT give buy or sell.
Saleem
Indices down .55% to .67%.....
Indices are near low of the day as Greek drama continues, deadline looms of June 30th.
S&P 500 @ 2113.35, low 2109.84, high 2125.10
Internals are negative by minimum 2 to 1
Oil Down 74 cents
Gold Down $3.00
Canadian $ Down 68 tick @ 76.08
VIX UP 6.52% @ 12.90
In my portfolio :
Bought VIPS @ $23.67
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR VIPS
Most stocks are down
@ 3.00 PM following are green by 1% or more :
AAPL LEN JKS SU FB GG ...
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 2113.35, low 2109.84, high 2125.10
Internals are negative by minimum 2 to 1
Oil Down 74 cents
Gold Down $3.00
Canadian $ Down 68 tick @ 76.08
VIX UP 6.52% @ 12.90
In my portfolio :
Bought VIPS @ $23.67
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR VIPS
Most stocks are down
@ 3.00 PM following are green by 1% or more :
AAPL LEN JKS SU FB GG ...
BLOG does NOT give buy or sell
Saleem
Tuesday, June 23, 2015
Indices closed UP .06% to .13%....NICE !!!!
Indices closed UP again.
S&P 500 @ 2124.20, high 2128.03, low 2119.89
RSI @ 56.76
CMF @ -0.022
Internals were :
UP volume led by 1.47 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 91 in NYSE & 152 in Nasdaq
VIX Down 4.95% @ 12.11
Oil @ $61.01
Gold @ $1176.60
Stocks which were UP 1% or more included AKS GPRO LULU
AMBA VIPS BITA YY YELP BIDU TSLA FB JKS CSIQ
AMZN DNKN SU SPWR HIMX CRUS JCP GMCR
X STLD GG MGA CNQ Z.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its positive reaction to Greek proposal, that goes back to Greek politicians for consensus for approval. Thursday meeting of EU chiefs should wrap up this deal. TAPE looks tired and VIX is @ low end of its trading range, do not be surprised IF there is a pull back for couple of days. Again weakness should be bought. Book any profit to buy the same stock back in few days, hopefully @ lower prices.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2124.20, high 2128.03, low 2119.89
RSI @ 56.76
CMF @ -0.022
Internals were :
UP volume led by 1.47 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 91 in NYSE & 152 in Nasdaq
VIX Down 4.95% @ 12.11
Oil @ $61.01
Gold @ $1176.60
Stocks which were UP 1% or more included AKS GPRO LULU
AMBA VIPS BITA YY YELP BIDU TSLA FB JKS CSIQ
AMZN DNKN SU SPWR HIMX CRUS JCP GMCR
X STLD GG MGA CNQ Z.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its positive reaction to Greek proposal, that goes back to Greek politicians for consensus for approval. Thursday meeting of EU chiefs should wrap up this deal. TAPE looks tired and VIX is @ low end of its trading range, do not be surprised IF there is a pull back for couple of days. Again weakness should be bought. Book any profit to buy the same stock back in few days, hopefully @ lower prices.
BLOG does NOT give buy or sell.
Saleem
Indices UP .02% to .09%...NICE !!!!
Indices are UP as further progress is made in Greece refinancing.
S&P 500 @ 2123.24, high 2128.03, low 2119.89
Internals are positive
Oil UP 68 cents
Gold Down $7.70
Canadian $ Down 35 tick @ 76.57
VIX Down 2.98% @ 12.36
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR
BBRY earnings report was a miss by 2 cents, showed huge uptick
in software revenue, initial reaction UP 10%, currently down 3.91%.
Most stocks are UP
@ 2.26 following are red by 1% or more :
BBRY NXPI VDSI LEN YNDX SPLK .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2123.24, high 2128.03, low 2119.89
Internals are positive
Oil UP 68 cents
Gold Down $7.70
Canadian $ Down 35 tick @ 76.57
VIX Down 2.98% @ 12.36
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR
BBRY earnings report was a miss by 2 cents, showed huge uptick
in software revenue, initial reaction UP 10%, currently down 3.91%.
Most stocks are UP
@ 2.26 following are red by 1% or more :
BBRY NXPI VDSI LEN YNDX SPLK .....
BLOG does NOT give buy or sell.
Saleem
Monday, June 22, 2015
Indices closed UP .58% to .72%....NICE !!!!
Indices closed UP near high of the day.
S&P 500 @ 2122.85, high 2129.89, low 2112.50
RSI @ 56.34
CMF @ -0.057
Internals were :
UP volume led by 1.99 to 1 in NYSE & 2.61 to 1 in Nasdaq
Advancing stocks led by 1.49 to 1 in NYSE & 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 115 in NYSE & 182 in Nasdaq
VIX Down 8.74% @ 12.74
Oil @ $60.38
Gold @ $1184.10
Stocks which closed UP 1% or more included BBRY VDSI
FB LEN JKS SNDK C NFLX AAL STLD CSOD CNQ
MS GS AGU.....
In my portfolio :
Bought TWTR @ $35.60
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR
AH ER...SONC Down 5.64%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE got a boost from Greek effort to propose cuts in pension & hike in taxes which ECB & IMF was looking for, there is reasonable ground for striking a deal now, it may take several days to itemize each items for implementation & deadlines. Nasdaq is @ all time high again. We may get follow through in this run, but it is a chance to book profit. Stocks which have pulled back already are attractive buys.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2122.85, high 2129.89, low 2112.50
RSI @ 56.34
CMF @ -0.057
Internals were :
UP volume led by 1.99 to 1 in NYSE & 2.61 to 1 in Nasdaq
Advancing stocks led by 1.49 to 1 in NYSE & 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 115 in NYSE & 182 in Nasdaq
VIX Down 8.74% @ 12.74
Oil @ $60.38
Gold @ $1184.10
Stocks which closed UP 1% or more included BBRY VDSI
FB LEN JKS SNDK C NFLX AAL STLD CSOD CNQ
MS GS AGU.....
In my portfolio :
Bought TWTR @ $35.60
Portfolio AKS BBRY GPRO LULU RAD SWIR TWTR
AH ER...SONC Down 5.64%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE got a boost from Greek effort to propose cuts in pension & hike in taxes which ECB & IMF was looking for, there is reasonable ground for striking a deal now, it may take several days to itemize each items for implementation & deadlines. Nasdaq is @ all time high again. We may get follow through in this run, but it is a chance to book profit. Stocks which have pulled back already are attractive buys.
BLOG does NOT give buy or sell.
Saleem
Indices UP .61% to .67%.....NICE !!!!
Greece finally is biting bullets and getting on with the job of dealing with its economic well being.
S&P 500 @ 2123.54, high 2129.87, low 2112.50
Internals are positive by almost 2 to 1
Oil UP 18 cents
Gold Down $18.00
Canadian $ Down 45 tick @ 86.91
VIX Down 8.95% @ 12.71
In my portfolio :
Sold VDSI @ $34.79
Portfolio AKS BBRY GPRO LULU RAD SWIR
Most stocks are UP
@ 2.29 following are red by 1% or more :
AKS GPRO AMBA BITA FEYE TSLA YNDX HIMX
JDSU FNSR X ABX DATA WYNN.....
BBRY reporting before open, here are the expectations :
Sales Q1 $683.65 million, EPS loss of 3 cents
Sales guidance Q2 $696.02 million, EPS loss of 2 cents
This is a highly speculative trade, where 10% movement is possible +-
I expect positive TAPE action, as CEO Chen may say something which may indicate, software traction is imminent and may set the bar further lower......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2123.54, high 2129.87, low 2112.50
Internals are positive by almost 2 to 1
Oil UP 18 cents
Gold Down $18.00
Canadian $ Down 45 tick @ 86.91
VIX Down 8.95% @ 12.71
In my portfolio :
Sold VDSI @ $34.79
Portfolio AKS BBRY GPRO LULU RAD SWIR
Most stocks are UP
@ 2.29 following are red by 1% or more :
AKS GPRO AMBA BITA FEYE TSLA YNDX HIMX
JDSU FNSR X ABX DATA WYNN.....
BBRY reporting before open, here are the expectations :
Sales Q1 $683.65 million, EPS loss of 3 cents
Sales guidance Q2 $696.02 million, EPS loss of 2 cents
This is a highly speculative trade, where 10% movement is possible +-
I expect positive TAPE action, as CEO Chen may say something which may indicate, software traction is imminent and may set the bar further lower......
BLOG does NOT give buy or sell.
Saleem
Sunday, June 21, 2015
10 more days left for Greece to cry uncle.....
SO here we are...again talking of another deadline on Monday June 22nd, as usual this deadline will come and go and no resolution....
Greece is not willing to budge on pension reform, eventually reality will force it to make changes for new pension program, like most countries where everyone has to wait @ least till 60 to collect pension, most get full eligibility for pension from 65, 66 ,67......
I do expect, that Greece will make the minimum sacrifice on pension eligibility for future recipients.....this will break the deadlock...
$860 Billion is owed by Greece, not a number to walk away from by anyone, be it IMF, ECB or Greece......this musical chair will come to a full stop on June 30th......
SO..brace yourself for more volatility till June 30th, all based on rumor vs reality......UP on rumor Down on reality.....
Dow is already below 50 DMA
S&P ready to go below 50 DMA
Nasdaq may test 50 DMA......
BUT..IF realism sets the tone and Greece makes an offer of compromise on Monday, then we may be looking @ Dow jumping 300 points......
Nothing is impossible deal or no deal...we have to be ready to benefit form either situation......
IF we have a deal, then by end of the day, profit needs to be booked ASAP...
IF no deal, then buy on weakness gets the nod......
Markets are always tricky, but you need to get your "own game plan ready "
Once Greece is out of the way, interest rates will jump , which will be the next headache for this market.
I expect US data to be strong from hereon......
Chinese data continues to be challenging, it is difficult to turn an economy like Chinese on a dime, so expect weakness to continue.
Chinese stock market is waking up to the reality of economic weakness and is correcting sharply in a hurry.
No matter how you look @, for the long run, US stock market, gives us the best growth scenario.
Booking profit is one thing, but staying in US equities is critical.
Good luck with your own strategic positioning in terms of exposure, weighting & comfort level.
BLOG does NOT give buy or sell.
Saleem
Greece is not willing to budge on pension reform, eventually reality will force it to make changes for new pension program, like most countries where everyone has to wait @ least till 60 to collect pension, most get full eligibility for pension from 65, 66 ,67......
I do expect, that Greece will make the minimum sacrifice on pension eligibility for future recipients.....this will break the deadlock...
$860 Billion is owed by Greece, not a number to walk away from by anyone, be it IMF, ECB or Greece......this musical chair will come to a full stop on June 30th......
SO..brace yourself for more volatility till June 30th, all based on rumor vs reality......UP on rumor Down on reality.....
Dow is already below 50 DMA
S&P ready to go below 50 DMA
Nasdaq may test 50 DMA......
BUT..IF realism sets the tone and Greece makes an offer of compromise on Monday, then we may be looking @ Dow jumping 300 points......
Nothing is impossible deal or no deal...we have to be ready to benefit form either situation......
IF we have a deal, then by end of the day, profit needs to be booked ASAP...
IF no deal, then buy on weakness gets the nod......
Markets are always tricky, but you need to get your "own game plan ready "
Once Greece is out of the way, interest rates will jump , which will be the next headache for this market.
I expect US data to be strong from hereon......
Chinese data continues to be challenging, it is difficult to turn an economy like Chinese on a dime, so expect weakness to continue.
Chinese stock market is waking up to the reality of economic weakness and is correcting sharply in a hurry.
No matter how you look @, for the long run, US stock market, gives us the best growth scenario.
Booking profit is one thing, but staying in US equities is critical.
Good luck with your own strategic positioning in terms of exposure, weighting & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, June 19, 2015
Indices closed down .31% to .55%......
Indices closed @ low of the day on Greece ongoing troubles. Chinese market meltdown was of no help either.
S&P 500 @ 2109.99, High 2121.64 low 2109.38,
RSI @ 52.23
CMF @ -0.105
Internals were :
Down volume led by 2.58 to 1 in NYSE & 1.59 to 1 in Nasdaq
Declining stocks led by 1.42 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 37 in NYSE & 114 in Nasdaq
VIX UP 5.84% @ 13.96
Oil @ $59.61
Gold @ $1201.90
Canadian $ @ 77.36
Following stocks closed green :
RAD VDSI TWTR KORS COH LEN CMG EBAY JCP
AAL SPLK DATA CSOD Z TRIP .....
Here is my weighting :
LULU 24.54%
GPRO 20.03%
VDSI 13.51%
BBRY 13.49%
SWIR 11.60%
RAD 9.96%
AKS 6.87%
Exposure 272%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2109.99, High 2121.64 low 2109.38,
RSI @ 52.23
CMF @ -0.105
Internals were :
Down volume led by 2.58 to 1 in NYSE & 1.59 to 1 in Nasdaq
Declining stocks led by 1.42 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 37 in NYSE & 114 in Nasdaq
VIX UP 5.84% @ 13.96
Oil @ $59.61
Gold @ $1201.90
Canadian $ @ 77.36
Following stocks closed green :
RAD VDSI TWTR KORS COH LEN CMG EBAY JCP
AAL SPLK DATA CSOD Z TRIP .....
Here is my weighting :
LULU 24.54%
GPRO 20.03%
VDSI 13.51%
BBRY 13.49%
SWIR 11.60%
RAD 9.96%
AKS 6.87%
Exposure 272%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, June 18, 2015
Indices closed UP .99% to 1.34%...NICE !!!!
Indices closed UP.
S&P 500 @ 2121.24, high 2126.65, low 2101.58
RSI @ 56.55
CMF @ -0.025
Internals were :
UP volume led by 3.21 to 1 in NYSE & 4.48 to 1 in Nasdaq
Advancing stocks led by 2.03 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 129 in Nasdaq
VIX Down 9.03% @ 13.19
Oil @ $60.45
Gold @ $1202.00
Stocks which closed 1% or higher included AKS
QIHU GG GOOGL FB NXPI COH LVS
AMZN EXPE YUM MA V LSCC
JDSU FNSR AMBA SPLK MCD
SBUX ABX SLW AEM DATA
CSOD TRIP YELP.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong on hope that Greece proposal @ EU Foreign Minister's meeting will be a serious move for agreement, there was rethink on Fed statement & Q & A. RUT & Nasdaq are @ a new all time high. Dow & S&P 500 are next in line to do the same. Internals were strong, only CMF is struggling in S&P 500. There should be series of new highs before its over for now. Stay put and do not overthink, market rallies when nobody is expecting it.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2121.24, high 2126.65, low 2101.58
RSI @ 56.55
CMF @ -0.025
Internals were :
UP volume led by 3.21 to 1 in NYSE & 4.48 to 1 in Nasdaq
Advancing stocks led by 2.03 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 129 in Nasdaq
VIX Down 9.03% @ 13.19
Oil @ $60.45
Gold @ $1202.00
Stocks which closed 1% or higher included AKS
QIHU GG GOOGL FB NXPI COH LVS
AMZN EXPE YUM MA V LSCC
JDSU FNSR AMBA SPLK MCD
SBUX ABX SLW AEM DATA
CSOD TRIP YELP.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong on hope that Greece proposal @ EU Foreign Minister's meeting will be a serious move for agreement, there was rethink on Fed statement & Q & A. RUT & Nasdaq are @ a new all time high. Dow & S&P 500 are next in line to do the same. Internals were strong, only CMF is struggling in S&P 500. There should be series of new highs before its over for now. Stay put and do not overthink, market rallies when nobody is expecting it.
BLOG does NOT give buy or sell.
Saleem
Indices UP .96% to 1.25%.....NICE !!!!
Indices are UP and near high of the day, Nasdaq in record territory.
S&P 500 @ 2121.07, high 2126.65, low 2101.58
Internals are positive by 2 to 1
Oil UP 53 cents
Gold UP $25.70
Canadian $ UP 1 tick 77.78
VIX Down 9.45% @ 13.13
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
RAD earnings reflected acquisition cost thus lower by a cent and is guiding lower for the year,.RAD down 3.03%
Most stocks are UP
@ 2.43 following are red by 1% or more :
BBRY GPRO RAD VIPS BITA WUBA SINA YNDX
......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2121.07, high 2126.65, low 2101.58
Internals are positive by 2 to 1
Oil UP 53 cents
Gold UP $25.70
Canadian $ UP 1 tick 77.78
VIX Down 9.45% @ 13.13
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
RAD earnings reflected acquisition cost thus lower by a cent and is guiding lower for the year,.RAD down 3.03%
Most stocks are UP
@ 2.43 following are red by 1% or more :
BBRY GPRO RAD VIPS BITA WUBA SINA YNDX
......
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 17, 2015
Indices closed UP .17% to .20%...NICE !!!!
Indices closed UP.
S&P 500 @ 2100.44, high 2106.79, low 2088.86
RSI @ 49.35
CMF @ -0.098
Internals were :
UP volume led by 1.52 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 13 in NYSE & 105 in Nasdaq
VIX Down 2.09% @ 14.50
Oil @ $59.92
Gold @ $1176.80
AH ER...JBL Down 7.81%, ORCL Down 6.64%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP 2 days in a row, this is technically a good sign, but the close was not very convincing. Internals improved somewhat, but there is still weak areas like AD line. Fed statement and Q & A may need to be digested, Fed is hinting a rate hike sometimes in 2015. A diversified portfolio is the best answer to uncertain environment. Greece may provide a breakout as they are working hard to convince EU, IMF & ECB to understand pension impact on their citizens.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2100.44, high 2106.79, low 2088.86
RSI @ 49.35
CMF @ -0.098
Internals were :
UP volume led by 1.52 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 13 in NYSE & 105 in Nasdaq
VIX Down 2.09% @ 14.50
Oil @ $59.92
Gold @ $1176.80
AH ER...JBL Down 7.81%, ORCL Down 6.64%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP 2 days in a row, this is technically a good sign, but the close was not very convincing. Internals improved somewhat, but there is still weak areas like AD line. Fed statement and Q & A may need to be digested, Fed is hinting a rate hike sometimes in 2015. A diversified portfolio is the best answer to uncertain environment. Greece may provide a breakout as they are working hard to convince EU, IMF & ECB to understand pension impact on their citizens.
BLOG does NOT give buy or sell.
Saleem
Indices mixed
Indices are mixed after Fed statement of no change in interest rate.
S&P 500 @ 2095.75, low 2088.86, high 2103.67
Internals are negative
Oil Down 20 cents
Gold UP $1.10
Canadian $ UP 10 tick @ 77.19
VIX Down 1.08% @ 14.65
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are down
@ 2.37 following are green :
BBRY GPRO LULU VDSI VIPS BITA FEYE QIHU YY
YHOO BIDU TSLA BANA FB MU WUBA LVS CSIQ
SINA HIMX CRUS AMCC CIEN AMBA JCP AAL
M SPLK ABX SLW GG AEM CSOD WYNN....
RAD reports before bell Thursday, here are the expectations :
Q1 Sales $6.65 Billion , EPS 3 cents
Q2 expectations Sales $6.71 Billion, EPS 7 cents
I am expecting a beat on Q1.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2095.75, low 2088.86, high 2103.67
Internals are negative
Oil Down 20 cents
Gold UP $1.10
Canadian $ UP 10 tick @ 77.19
VIX Down 1.08% @ 14.65
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are down
@ 2.37 following are green :
BBRY GPRO LULU VDSI VIPS BITA FEYE QIHU YY
YHOO BIDU TSLA BANA FB MU WUBA LVS CSIQ
SINA HIMX CRUS AMCC CIEN AMBA JCP AAL
M SPLK ABX SLW GG AEM CSOD WYNN....
RAD reports before bell Thursday, here are the expectations :
Q1 Sales $6.65 Billion , EPS 3 cents
Q2 expectations Sales $6.71 Billion, EPS 7 cents
I am expecting a beat on Q1.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 16, 2015
Indices closed UP .51% to .64%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2096.29, high 2097.40, low 2082.10
RSI @ 47.75
CMF @ -0.105
Internals were :
UP volume led by 2.14 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks led by 1.76 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 14 in NYSE & highs by 94 in Nasdaq
VIX Down 3.77% @ 14.81
Oil @ $59.97
Gold @ $1180.90
Stocks which were UP 1% or more included RAD VDSI
VIPS YELP TSLA DNKN YUM HIMX AMCC
NFLX SBUX CSOD MLNX....
AH ER... ADBE Down 1.36%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong and closed @ high of the day. Internals improved substantially. Greece situation is moving in positive direction. Fed statement will be a boost for bulls, Q & A session will confirm that interest hike is not imminent and may be as low as 1/8% hike in September.Market should be strong on Wednesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2096.29, high 2097.40, low 2082.10
RSI @ 47.75
CMF @ -0.105
Internals were :
UP volume led by 2.14 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks led by 1.76 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 14 in NYSE & highs by 94 in Nasdaq
VIX Down 3.77% @ 14.81
Oil @ $59.97
Gold @ $1180.90
Stocks which were UP 1% or more included RAD VDSI
VIPS YELP TSLA DNKN YUM HIMX AMCC
NFLX SBUX CSOD MLNX....
AH ER... ADBE Down 1.36%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong and closed @ high of the day. Internals improved substantially. Greece situation is moving in positive direction. Fed statement will be a boost for bulls, Q & A session will confirm that interest hike is not imminent and may be as low as 1/8% hike in September.Market should be strong on Wednesday.
BLOG does NOT give buy or sell.
Saleem
Indices UP .60% to .70%....NICE !!!!
Indices are back on track and @ high of the day, after some willingness to deal with Greece.
S&P 500 @ 2097.16, high 2097.40, low 2082.10
Internals are positive by close to 2 to 1
Oil UP 35 cents
Gold Down $4.50
Canadian $ UP 12 tick @ 76.88
VIX Down 2.40% @ 15.02
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.39 following are down by 1% or more :
SWIR BITA GG YY TWTR KORS CSIQ SINA JCP
FSLR CIEN ABX SLW AEM ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2097.16, high 2097.40, low 2082.10
Internals are positive by close to 2 to 1
Oil UP 35 cents
Gold Down $4.50
Canadian $ UP 12 tick @ 76.88
VIX Down 2.40% @ 15.02
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.39 following are down by 1% or more :
SWIR BITA GG YY TWTR KORS CSIQ SINA JCP
FSLR CIEN ABX SLW AEM ....
BLOG does NOT give buy or sell.
Saleem
Monday, June 15, 2015
Indices closed down .42% to .60%......
Indices closed lower on Greece situation.
S&P 500 @ 2084.43, low 2072.49, high 2091.34
RSI @ 42.95
CMF @ -0.115
Internals were :
Down volume led by 3.28 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.84 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk lows were leading by 68 in NYSE & highs by 35 in Nasdaq
VIX UP 11.68% @ 15.39
Oil @ $59.52
Gold @ $1185.80
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, Greece situation came out in the open after talks failed yesterday in 45 minutes. There is still time left to resolve Greece situation, the real deadline is June 30th, June 25th leaders of EU are scheduled to meet. There is support for Greece to stay in EU & with Euro in internal Greek polls.I believe that there will be movement on both sides and a compromised solution CAN be done. SO it was another buying opportunity when Nasdaq went below 50 DMA, it closed UP by 6 points above. Dow & S&P 500 are digging deeper below 50 DMA. I am expecting a strong close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2084.43, low 2072.49, high 2091.34
RSI @ 42.95
CMF @ -0.115
Internals were :
Down volume led by 3.28 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.84 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk lows were leading by 68 in NYSE & highs by 35 in Nasdaq
VIX UP 11.68% @ 15.39
Oil @ $59.52
Gold @ $1185.80
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, Greece situation came out in the open after talks failed yesterday in 45 minutes. There is still time left to resolve Greece situation, the real deadline is June 30th, June 25th leaders of EU are scheduled to meet. There is support for Greece to stay in EU & with Euro in internal Greek polls.I believe that there will be movement on both sides and a compromised solution CAN be done. SO it was another buying opportunity when Nasdaq went below 50 DMA, it closed UP by 6 points above. Dow & S&P 500 are digging deeper below 50 DMA. I am expecting a strong close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
Indices down .38% to .50%......
TAPE is dealing with Greece EU exit issue, so far damage is contained and indices are @ their best level since open. Nasdaq went below 50 DMA but came above 50 DMA.
S&P 500 @ 2085.89, low 2072.49, high 2091.34
Internals are negative by almost 2 to 1
Oil Down 36 cents
Gold UP $7.00
Canadian $ UP 8 tick @ 76.88
VIX UP 10.38% @ 15.21, high today 15.57
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are down
@ 2.38 following are UP by 1% or more
BBRY GPRO SWIR VDSI LEN FEYE JKS CSIQ
FSLR SPWR CRUS CIEN JCP GMCR SPLK
ABX SLW AEM DATA CSOD ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2085.89, low 2072.49, high 2091.34
Internals are negative by almost 2 to 1
Oil Down 36 cents
Gold UP $7.00
Canadian $ UP 8 tick @ 76.88
VIX UP 10.38% @ 15.21, high today 15.57
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are down
@ 2.38 following are UP by 1% or more
BBRY GPRO SWIR VDSI LEN FEYE JKS CSIQ
FSLR SPWR CRUS CIEN JCP GMCR SPLK
ABX SLW AEM DATA CSOD ....
BLOG does NOT give buy or sell.
Saleem
Sunday, June 14, 2015
TAPE struggling with 50 DMA.......
Since October of last year all indices have breached 50 DMA repeatedly but have managed to come back above every time,
Currently Dow & S&P 500 are below 50 DMA and Nasdaq is above by 30 points.
TAPE is under severe pressure due to ongoing Greece non resolution of its debt crisis.
IF Greece defaults and leaves EU, then its going to take a huge toll in worldwide indices, this is not something which has been factored in @ this stage.
Fed is meeting this week and its policy announcement on Wednesday will be routine like "watching data & no action on interest rates"...this may help market sentiment.
BUT indices will struggle, until Greece issue moves towards an expected resolution.
Because of this 1 issue, which has hijacked market trend, it is important to have a long term view, eventually Greece will be resolved one way or the other.
TAPE has been split into strong stocks and weak stocks, strong stocks are hitting all time highs while weak ones are struggling in a narrow range.
I will recommend, to move into better performing stocks.
Do not expect too much until Greece issue is settled.
Stay in a diversified portfolio.
Here is my weighting :
LULU 24.76%
GPRO 19.89%
BBRY 14.00%
VDSI 12.06%
SWIR 11.67%
RAD 10.23%
AKS 7.41%
Exposure 272%
BLOG does NOT give buy or sell.
Saleem
Currently Dow & S&P 500 are below 50 DMA and Nasdaq is above by 30 points.
TAPE is under severe pressure due to ongoing Greece non resolution of its debt crisis.
IF Greece defaults and leaves EU, then its going to take a huge toll in worldwide indices, this is not something which has been factored in @ this stage.
Fed is meeting this week and its policy announcement on Wednesday will be routine like "watching data & no action on interest rates"...this may help market sentiment.
BUT indices will struggle, until Greece issue moves towards an expected resolution.
Because of this 1 issue, which has hijacked market trend, it is important to have a long term view, eventually Greece will be resolved one way or the other.
TAPE has been split into strong stocks and weak stocks, strong stocks are hitting all time highs while weak ones are struggling in a narrow range.
I will recommend, to move into better performing stocks.
Do not expect too much until Greece issue is settled.
Stay in a diversified portfolio.
Here is my weighting :
LULU 24.76%
GPRO 19.89%
BBRY 14.00%
VDSI 12.06%
SWIR 11.67%
RAD 10.23%
AKS 7.41%
Exposure 272%
BLOG does NOT give buy or sell.
Saleem
Thursday, June 11, 2015
Indices closed UP .11% to .22%....NICE !!!!
Indices closed UP.
S&P 500 @ 2108.86, high 2115.02, low 2106.24
RSI @ 51.62
CMF @ -0.018
Internals were :
UP volume led by 1.27 to 1 in NYSE & .88 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & 84 in Nasdaq
VIX Down 2.80% @ 12.85
Oil @ $60.77
Gold @ $1180.40
Stocks which were UP 1% or more included RAD
BIDU QIHU LVS JKS CSIQ SINA SPWR
CIEN DATA Z.....
AH News...TWTR UP 3.66%, MOMO UP 3.41%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE confirmed this rally by closing higher in all indices, Dow also closed above 50 DMA, so all major indices are above 50 DMA. Greece situation is still not resolved, one step forward, one step backwards is the name of the game, today it was backwards as IMF walked out from discussions. Internals of this markets were not healthy @ all and we closed near low of the day. Patience is all we need to get Greece resolved, so markets can breathe again.
BLOG does NOT give buy or sell.
PS.....i will be away whole day, thus unable to write my closing recap for Friday. I will include everything in my Sunday BLOG around 2 PM.
Saleem
S&P 500 @ 2108.86, high 2115.02, low 2106.24
RSI @ 51.62
CMF @ -0.018
Internals were :
UP volume led by 1.27 to 1 in NYSE & .88 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & 84 in Nasdaq
VIX Down 2.80% @ 12.85
Oil @ $60.77
Gold @ $1180.40
Stocks which were UP 1% or more included RAD
BIDU QIHU LVS JKS CSIQ SINA SPWR
CIEN DATA Z.....
AH News...TWTR UP 3.66%, MOMO UP 3.41%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE confirmed this rally by closing higher in all indices, Dow also closed above 50 DMA, so all major indices are above 50 DMA. Greece situation is still not resolved, one step forward, one step backwards is the name of the game, today it was backwards as IMF walked out from discussions. Internals of this markets were not healthy @ all and we closed near low of the day. Patience is all we need to get Greece resolved, so markets can breathe again.
BLOG does NOT give buy or sell.
PS.....i will be away whole day, thus unable to write my closing recap for Friday. I will include everything in my Sunday BLOG around 2 PM.
Saleem
Indices UP .17% to .35%...NICE !!!!
Indices are UP again, confirming this uptrend.
S&P 500 @ 2111.17, high 2115.02, low 2106.24
Internals are positive
Oil Down 65 cents
Gold Down $6.20
Canadian $ Down 48 tick @ 76.99
VIX Down 4.69% @ 12.60
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.32 following are down by 1% or more :
AKS GPRO LULU VDSI YELP YHOO BABA KORS
WUBA SU HIMX CRUS LSCC AMBA JCP
NFLX STLD ABX SLW GG AEM CCJ
CNQ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2111.17, high 2115.02, low 2106.24
Internals are positive
Oil Down 65 cents
Gold Down $6.20
Canadian $ Down 48 tick @ 76.99
VIX Down 4.69% @ 12.60
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.32 following are down by 1% or more :
AKS GPRO LULU VDSI YELP YHOO BABA KORS
WUBA SU HIMX CRUS LSCC AMBA JCP
NFLX STLD ABX SLW GG AEM CCJ
CNQ......
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 10, 2015
Indices closed UP 1.20% to 1.33%....NICE !!!!
Indices staged an oversold bounce, closed near high of the day.
S&P 500 @ 2105.20, high 2108.50, low 2081.12
RSI @ 50.27
CMF @ -0.033
Internals were :
UP volume led by 5.25 to 1 in NYSE & 3.92 to 1 in Nasdaq
Advancing stocks led by 2.60 to 1 in NYSE & 2.72 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 127 in Nasdaq
VIX Down 8.64% @ 13.22
Oil @ $61.43
Gold @ $1186.60
In my portfolio, added 60% SWIR @ $27.81, 4 minutes before close.
Stocks which closed UP 2% or more included RAD SWIR
QIHU YY JKS CSIQ EXPE MA V FSLR SPWR
HIMX CRUS CIEN NFLX SPLK SBUX
SLW AEM.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE staged an oversold bounce on slight hope that Germany is willing to consider Greece bailout plan. Internals were super strong for the most part, but Dow is still below 50 DMA, unles all indices are above 50 DMA, we cannot get too excited, Dow only needs 20 points gain to make it above 50 DMA. We also need another green close to confirm this rally, not a difficult task, but we will know by close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2105.20, high 2108.50, low 2081.12
RSI @ 50.27
CMF @ -0.033
Internals were :
UP volume led by 5.25 to 1 in NYSE & 3.92 to 1 in Nasdaq
Advancing stocks led by 2.60 to 1 in NYSE & 2.72 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 127 in Nasdaq
VIX Down 8.64% @ 13.22
Oil @ $61.43
Gold @ $1186.60
In my portfolio, added 60% SWIR @ $27.81, 4 minutes before close.
Stocks which closed UP 2% or more included RAD SWIR
QIHU YY JKS CSIQ EXPE MA V FSLR SPWR
HIMX CRUS CIEN NFLX SPLK SBUX
SLW AEM.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE staged an oversold bounce on slight hope that Germany is willing to consider Greece bailout plan. Internals were super strong for the most part, but Dow is still below 50 DMA, unles all indices are above 50 DMA, we cannot get too excited, Dow only needs 20 points gain to make it above 50 DMA. We also need another green close to confirm this rally, not a difficult task, but we will know by close.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.33% to 1.49%...NICE !!!!
Indices are sharply higher on Germany willingness to consider latest Greece proposal.
S&P 500 @ 2107.84, high 2108.50, low 2081.12
Internals are positive by almost 3 to 1
Oil UP $1.19
Gold UP $8.20
Canadian $ UP 75 tick @ 77.37
VIX Down 8.43% @ 13.25
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.50 following are red by 1% or more :
AKS BBRY GPRO LULU YELP TSLA WUBA AMCC
X.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2107.84, high 2108.50, low 2081.12
Internals are positive by almost 3 to 1
Oil UP $1.19
Gold UP $8.20
Canadian $ UP 75 tick @ 77.37
VIX Down 8.43% @ 13.25
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are UP
@ 2.50 following are red by 1% or more :
AKS BBRY GPRO LULU YELP TSLA WUBA AMCC
X.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 9, 2015
Indices closed mixed.....
Indices went on a wild ride again, but closed where it started the day.
S&P 500 @ 2080.15, high 2085.62, low 2072.14
RSI @ 39.49
CMF @ -0.055
Internals were :
Down volume led by 1.13 to 1 in NYSE & 1.82 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 101 in NYSE & highs by 38 in Nasdaq
VIX Down 5.36% @ 14.47
Oil @ $60.14
Gold @ $1177.60
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went nowhere fast in the end, but scared the hell out of many traders in early part of trading. Greece & Fed decision continues to plague sentiment. We need one Greece issue resolved soon as Fed decision to raise rates may not come until September. Market is dealing with Greece issue with resolution being pushed down further. In uncertain times, technicians come out of woodwork to boost their rating and make outlandish prediction, please keep in mind, they are analyzing past not future.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2080.15, high 2085.62, low 2072.14
RSI @ 39.49
CMF @ -0.055
Internals were :
Down volume led by 1.13 to 1 in NYSE & 1.82 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 101 in NYSE & highs by 38 in Nasdaq
VIX Down 5.36% @ 14.47
Oil @ $60.14
Gold @ $1177.60
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went nowhere fast in the end, but scared the hell out of many traders in early part of trading. Greece & Fed decision continues to plague sentiment. We need one Greece issue resolved soon as Fed decision to raise rates may not come until September. Market is dealing with Greece issue with resolution being pushed down further. In uncertain times, technicians come out of woodwork to boost their rating and make outlandish prediction, please keep in mind, they are analyzing past not future.
BLOG does NOT give buy or sell.
Saleem
Indices UP .02% to .20%....NICE !!!!
Indices took a tumble again and Nasdaq went below 50 DMA, then a "V" turn is in the works.....
S&P 500 @ 2083.53, high 2085.62, low 2072.14
Internals are negative
Oil UP $2.06
Gold UP $3.30
Canadian $ UP 82 tick @ 76.72
VIX Down 3.99% @ 14.68
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
LULU ER was a beat in Sales & EPS and raised guidance for both Sales and EPS, stock UP 9.54%, shorts lost the battle again.
Most stocks are down
@ 2.43 following are green by 1% or more :
LULU RAD VDSI LNKD KORS SU YNDX BRCM
LSCC FNSR AMBA NFLX CCJ DATA MGA
CNQ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2083.53, high 2085.62, low 2072.14
Internals are negative
Oil UP $2.06
Gold UP $3.30
Canadian $ UP 82 tick @ 76.72
VIX Down 3.99% @ 14.68
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
LULU ER was a beat in Sales & EPS and raised guidance for both Sales and EPS, stock UP 9.54%, shorts lost the battle again.
Most stocks are down
@ 2.43 following are green by 1% or more :
LULU RAD VDSI LNKD KORS SU YNDX BRCM
LSCC FNSR AMBA NFLX CCJ DATA MGA
CNQ......
BLOG does NOT give buy or sell.
Saleem
Monday, June 8, 2015
Indices closed down .46% to .92%......
Indices closed @ low of the day.
S&P 500 @ 2079.28, low 2079.11, high 2093.01
RSI @ 39.07
CMF @ -0.106
Internals were :
Down volume led by 2.68 to 1 in NYSE & 2.62 to 1 in Nasdaq
Declining stocks led by 2.42 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk lows were leading by 61 in NYSE & highs by 95 in Nasdaq
VIX UP 7.60% @ 15.29
Oil @ $58.14
Gold @ $1173.60
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
Before open LULU reports, here are the expectations :
Sales Q1 $418.94 million, EPS 33 cents
Guidance Q2 Sales $439.78 million, EPS 34 cents
There is a firefight going on between bulls and bears on this earning report, expected move is around 10%+-....being a Taurus, i remain a bull.
About market, TAPE is in the process of flushing out over optimistic traders, it may have completed the process today, Despite intense selling, internals in Nasdaq is giving hope for the bulls. Buying on weakness remains a mantra , which may be extremely productive many months out. Focus on strong stocks and have no more than 1 speculative position.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2079.28, low 2079.11, high 2093.01
RSI @ 39.07
CMF @ -0.106
Internals were :
Down volume led by 2.68 to 1 in NYSE & 2.62 to 1 in Nasdaq
Declining stocks led by 2.42 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk lows were leading by 61 in NYSE & highs by 95 in Nasdaq
VIX UP 7.60% @ 15.29
Oil @ $58.14
Gold @ $1173.60
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
Before open LULU reports, here are the expectations :
Sales Q1 $418.94 million, EPS 33 cents
Guidance Q2 Sales $439.78 million, EPS 34 cents
There is a firefight going on between bulls and bears on this earning report, expected move is around 10%+-....being a Taurus, i remain a bull.
About market, TAPE is in the process of flushing out over optimistic traders, it may have completed the process today, Despite intense selling, internals in Nasdaq is giving hope for the bulls. Buying on weakness remains a mantra , which may be extremely productive many months out. Focus on strong stocks and have no more than 1 speculative position.
BLOG does NOT give buy or sell.
Saleem
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