Friday, July 31, 2015

Indices closed down .01% to .32%....

Indices closed near low of the day.

S&P 500 @ 2103.84, low 2102.07, high 2114.24

RSI @ 51.81

CMF @ 0.084

Internals were :

Down volume led by 1.05 to 1 in NYSE & 1.18 to 1 in Nasdaq

Advancing stocks led by 1.71 to 1 in NYSE & 1.40 to 1 in Nasdaq

Net new 52 wk highs were leading by 46 in NYSE & 14 in Nasdaq

VIX Down .08% @ 12.12

Oil @ $47.12

Gold @ $1095.10

Canadian $ @ 69.14, Five consecutive month of negative growth in GDP

Stocks which closed green included GPRO
LEN EXPE PCLN AMCC CIEN FIT
YELP AMBA NFLX GMCR GG
SPLK MCD AEM CSOD CNQ
AGU TRIP.......

Here is my weighting :

FB        31.28%

LULU  29.29%

GPRO  14.47%

RAD    12.75%

VDSI   12.21%

Exposure 272%

Next post on Sunday by 2 PM.

BLOG does NOT give buy or sell.

Saleem



Thursday, July 30, 2015

Indices closed mixed.....

Indices closed mixed.....

S&P 500 @ 2108.63, high 2110.48, low 2094.97

RSI 53.38

CMF @ 0.112

Internals were :

UP volume led by .77 to 1 in NYSE & 1.19 to 1 in Nasdaq

Advancing stocks led by 1.04 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 10 in NYSE & lows by 14 in Nasdaq

VIX Down 2.96% @ 12.13

Oil @ $48.52

Gold @ $1088.70

AH ER... LNKD Down 4.80%, FEYE Down 5.42%
                EXPE UP 8.49%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE showed its strength by closing mixed after two days of big gains, internals improved further. Reaction to similar earnings are treated totally different, why is it that way this Q, only gods of this market know. I expect TAPE to make further progress in a selective manner. Taking profit quickly is a good strategy.

BLOG does NOT give buy or sell.

Saleem

Indices mixed .....

Indices are mixed but off  lows & near highs, Nasdaq is strong.

S&P 500 @ 2106.07, low 2094.9, high  2109.39

Internals are mixed

Oil Down 21 cent

Gold Down $4.90

Canadian $ Down 56 tick @ 70.01

VIX Down .24% @ 12.47

In my portfolio :

Sold NXPI @ $96.80

Bought GPRO $61.06

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.49 following are green :

RAD VDSI YY YELP BIDU PCLN GOOGL NXPI
LVS AMZN SU FFIV MA SPWR FNSR NFLX
AMCC CNQ WYNN AGU....

BLOG does NOT give buy or sell.

Saleem



Wednesday, July 29, 2015

Indices closed UP .44% to .73%...NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2108.57, high 2110.60, 2094.08

RSI @ 53.37

CMF @ 0.090

Internals were :

UP volume led by 4.31 to 1 in NYSE & 1.97 to 1 in Nasdaq

Advancing stocks led by 2.69 to 1 in NYSE & 1.27 to 1 in Nasdaq

Net new 52 wk lows were leading by 10 in NYSE & 17 in Nasdaq

VIX Down 6.99% @ 12.50

Oil @ $48.79

Gold @ $1092.60

Stocks which were UP 1% or more included FB RAD
AEM TSL FEYE LNKD BIDU COH LEN JKS
CSIQ SINA CMG SU EBAY MA V FSLR
SPWR YNDX AMCC LSCC OTEX 
GMCR X STLD ABX SLW GG
AEM CCJ MGA.....

AH ER.. FB Down 3.33%, WFM Down 11.29%
               QRVO Down 15.01%

FB ER was a beat and had excellent growth in users and mobile. Ad revenue was above expectations, expenses rose as planned, expect a recovery in stock price on Thursday.

NXPI reported @ 8 PM after close of AH trading, it was a beat in EPS by 7 cents, revenue slightly lower, cc @ 8 AM.

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, S&P 500 is above 200 & 50 DMA, Nasdaq is above 200 & 50 DMA, Dow is still below 50 & 200 DMA but ready to take out 200. TAPE confirmed this uptrend by being UP back to back, now it can digest gains which will be normal. It is interesting how earnings are treated in the market place, not a good picture for me so far.

BLOG does NOT give buy or sell.

Saleem

Indices UP .30% to .61%....NICE !!!!

Indices are confirming this uptrend by being up back to back. Fed has not confirmed date to raise interest rate, they noted improvement in employment & housing.

S&P 500 @ 2106.67, high 2108.10, low 2094.08

Internals are positive

Oil UP 76 cents

Gold Down 40 cents

Canadian $ Down 23 tick @ 70.59

VIX Down 7.07% @ 12.49

Portfolio FB LULU NXPI RAD VDSI

Added 100% FB @ $94.85

Sold TWTR @ $33

Most stocks are UP 

@ 2.53 following are red :

VDSI YELP TWTR GPRO WUBA CRUS SNDK GIB
QIHU AAL SPLK DATA CSOD WYNN......

FB & NXPI are reporting after close, here is what is expected :

FB 
Sales Q2 $3.99 Billion, EPS 47 cents
Guidance Q3 Sales $4.35 Billion, EPS 50 cents
Expecting a Beat

NXPI
Q2 Sales $1.51 Billion, EPS $1.37
Guidance Q3 Sales $1.60 Billion, EPS $1.49
Expecting an in line Q

BLOG does NOT give buy or sell.

Saleem

Tuesday, July 28, 2015

Indices closed UP .98% to 1.24%....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2093.25, high 2095.60, low 2069.09

RSI @ 49.02

CMF @ 0.037

Internals were :

UP volume led by 6.32 to 1 in NYSE & 3.23 to 1 in Nasdaq

Advancing stocks led by 2.71 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk lows were leading by 154 in NYSE & 119 in Nasdaq

VIX Down 13.85% @ 13.44

Oil @ $47.98

Gold @ $1096.40

Stocks which were UP 3% or more included LULU NXPI TWTR VDSI LNKD TSLA SWIR MU JKS CSIQ CRUS X STLD
 SLW CCJ Z .....

AH ER...BWLD UP 8.89%, PNRA UP 7.95%, CTXS UP 3.76%

AKAM Down 10.39%, TWTR Down 11.47%, 
VDSI Down 11.49% YELP Down 17.04%

ER from TWTR & VDSI were a beat on Q2 Sales & EPS, but guiding lower for Q3 / Year VDSI i am keeping as it is guiding slightly lower for the year, TWTR prospects are dimmed based on their prediction of "no user growth in 2015" TWTR to be pruned out of my portfolio first thing.

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE staged a major oversold bounce and repaired many technical indicators including CMF, which is green since first week in June. Dow is still below 50 & 200 DMA, S&P 500 above 200 DMA but still below 50 DMA, Nasdaq above 50 & 200 DMA. IF we get a green close, chances of which is "extremely high"...we are all set to move higher.

BLOG does NOT give buy or sell.

Saleem


Indices UP .98% to 1.20%...NICE !!!!

Indices are staging a sharp rebound after being sold off.

S&P 500 @ 2092.77, high 2095.60, low 2069.09

Internals are positive by minimum 2 to 1

Oil UP 44 cents

Gold Down $1.80

Canadian $ UP 1.07 cent @ 70.69

VIX Down 13.40% @ 13.51

In my Portfolio :

Bought FB yesterday 4 minutes before close @ $94.11

Bought NXPI @ $88.90

Portfolio FB LULU NXPI RAD TWTR VDSI

Most stocks are UP

@ 2.52 following are red :

FEYE BIDU BABA WUBA AMZN CMG YHOO
AMCC LSCC JDSU QIHU M SPLK CSOD
MS WYNN AGU TRIP YELP...

AH TWTR & VDSI are reporting, here are the expectations:

TWTR Q2 Sales $481.28 Million, EPS 4 cents
Guidance Q3 Sales $555.78 million, EPS 6 cents

VDSI Q2 Sales $64.67 Million, EPS 28 cents
Guidance Q3 Sales $56.67 Million, EPS 22 cents

My comfort level is much higher with VDSI,
TWTR has been trashed, may stage a rebound.

BLOG does NOT give buy or sell.

Saleem


Monday, July 27, 2015

Indices closed down .58% to .96%......

Indices closed near low of the day.

S&P 500 @ 2067.64, low 2063.52, high 2078.19

RSI @ 40.41

CMF @ -0.058

Internals were :

Down volume led by 3.37 to 1 in NYSE & 3.28 to 1 in Nasdaq

Declining stocks led by 2.73 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new 52 wk lows were leading by 453 in NYSE & 252 in Nasdaq

VIX UP 13.54% @ 15.60

Oil @ $47.39

Gold @ $1096.40

AH ER...BIDU Down 6.31%

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under tremendous pressure after Shanghai slumped 8.48%, but US indices held up reasonably well under the circumstances. European markets slumped around 2.5%. IF you compare against those numbers US markets almost avoided the rout.S&P 500 went below 200 DMA but managed to close above, Nasdaq closed below 50 DMA and Dow slumped deeper below 200 DMA. I expect indices to find support in US around today's low of the day. All eyes are on Shanghai tonight as regulators have promised support.

BLOG does NOT give buy or sell.

Saleem

Indices down .48% to .83%......

Indices are lower but off their worst level as Chinese regulators are saying, it will support their market by buying more shares.Shanghai plunged 8.48% last night.

S&P 500 @ 2069.96, low 2063.52, high 2078.19

Internals are negative by almost 3 to 1

Oil Down 75 cents

Gold UP $8.70

Canadian $ UP 23 tick @ 69.75

VIX UP 15.28% @ 15.84

Portfolio LULU RAD TWTR VDSI

Most stocks are down

@ 2.43 following are green :

TSL GOOGL COH AMZN CMG FFIV
AAL GMCR .....

BLOG does NOT give buy or sell.

Saleem

Sunday, July 26, 2015

Is US market ready to tumble ?

We are witnessing TAPE in serious trouble in US market.

First, there was extreme euphoria and nobody was worried @ all, this prevailed until start of last week.

By the end of last week, everybody realised that TAPE is not looking healthy @ all.

Indices are showing varying level of weakness......

Nasdaq gave false sense of comfort by staying well above 50 & 200 DMA...

S&P 500 is below 50 DMA and is ready to pierce 200 DMA

Dow is below 50 & 200 DMA and is substantially lower than 200 DMA.....

China is the real culprit, which has shaken all commodities to its knees... Chinese economy has been in freefall since 2008 peak, in my analysis, Chinese economy has not found its lowest point yet, that is where the trouble is for rest of the world......

Chinese stat is jumping all over, private agencies are calling it right while government stat are rosier than reality.

US stock market was ignoring Chinese weaknesses as if it was not happening , but by Friday everyone has woken up to the fact that China is still slumping.

Oil has also shaken many Oil producing economies, Saudi Arabia is floating bonds to make up for the shortfall, Canada has shown contraction and its currency is 30%+ lower than US.

Oil & Chinese weakness cannot be ignored anymore......

US stock market may correct more to adjust to this new global issue.

I have a feeling that Nasdaq may come close to 200 DMA which is 4849.29, Nasdaq closed on Friday @ 5088.63, that level is 239.34 points away or another 4.7% slump to be expected. This correction may take us back to March 2014....

Obviously similar or more weakness to be expected in Dow , then S&P 500.

Dow may slump 7% and S&P 500 another 6%, these are all my guesses based on current read.

There is no way to escape this kind of correction.

Inverse exposure may work.

Lower exposure is better......

Weak stocks may suffer twice as much and may not come back.

Strong stocks may suffer more, but they will recover much faster and eventually get ahead.

SO...... CAUTION is warranted @ this stage, when amber flashes, you are expected to slow down.

BLOG does NOT give buy or sell.

Saleem

Friday, July 24, 2015

Indices closed down .92% to 1.12%.....

Indices closed near low of the day. Chinese data spooked this market further.

S&P 500 @ 2079.65, low 2077.09, high 2106.01

RSI @ 43.62

CMF @ -0.039

Internals were :

Down volume led by 4.11 to 1 in NYSE & 3.29 to 1 in Nasdaq

Declining stocks led by 2.71 to 1 in NYSE & 3.40 to 1 in Nasdaq

Net new 52 wk lows were leading by 381 in NYSE & 166 in Nasdaq

VIX UP 8.79% @ 13.74

Oil @ $48.14

Gold @ $1085.50

Canadian $ 69.52

Stocks which closed green included FB AEM LNKD AMBA
AMZN DNKN CMG MA V FSLR CIEN TSL SBUX 
ABX SLW GG CCJ DATA CSOD.....

In my portfolio :

Sold GPRO @ $64.46

Here is my weighting :

LULU 43.40%

VDSI 23.28%

RAD  18.98%

TWTR 14.34%

Exposure 220%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, July 23, 2015

Indices down .49% to .67%....

Indices closed lower.

S&P 500 @ 2102.15, low 2098.63, high 2116.87

RSI @ 50.61

CMF @ -0.034

Internals were :

Down volume led by 2.59 to 1 in NYSE & 1.41 to 1 in Nasdaq

Declining stocks led by 2.17 to 1 in NYSE & 2.24 to 1 in Nasdaq

Net new 52 wk lows were leading by 227 in NYSE & 60 in Nasdaq

VIX UP 4.29% @ 12.64

Oil @ $48.45

Gold @ $1094.10

AH ER :

Positive ..V UP 5.09%, JNPR UP 10.53%, MKTO UP 13.99%
                AMZN UP 17.25%

Negative .PMCS Down 9.07%, TRIP Down 9.07%,
                TRUE Down 33.05%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was weak again, Dow is below 50 & 200 DMA, while S&P 500 is below 50 DMA, Nasdaq remains well above 50 & 200 DMA. Tonight earning reports are stellar, this should give Nasdaq a big boost on Friday. This is extremely selective market, few stocks are going UP, while majority are getting weaker or getting stuck in a very narrow range. Important to have heavy weighting of strong stocks and peel weak ones.

BLOG does NOT give buy or sell.

Saleem

Indices down .27% to .47%....

Indices are lower after Nasdaq giving up all gains.

S&P 500 @ 2105.92, low 2102.32, high 2116.87

Internals are negative by 2 to 1

Oil Down 77 cents

Gold Down $2.00

Canadian $ UP 1 tick @ 69.71

VIX UP 3.55% @ 12.55

Portfolio GPRO LULU RAD TWTR VDSI

Most stocks are down

@ 2.42 following are green :

GPRO TWTR VDSI AMFA BITA FEYE YY YELP
BIDU LNKD PCLN NXPI  WUBA MU LVS 
SINA CMG FFIV FSLR CRUS SNDK
CIEN JDSU FNSR QIHU AMCC 
AAL SPLK BRCM WYNN 
MLNX....

BLOG does NOT give buy or sell.

Saleem

Wednesday, July 22, 2015

Indices closed down .24% to .70%....

Indices closed down.

S&P 500 @ 2114.15, low 2110.00, high 2118.51

RSI @ 54.98

CMF @ -0.045

Internals were :

Down volume led by 1.33 to 1 in NYSE & 1.85 to 1 in Nasdaq

Declining stocks led by 1.39 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk lows were leading by 257 in NYSE & 52 in Nasdaq

VIX Down .82% @ 12.12

Oil @ $49.19

Gold @ $1091.50

AH ER..QCOM Down 1.31%, FTNT UP 9.22%
              CRUS UP 10.45%, SNDK UP 12.96%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE showed some resiliency by closing above lows of the day, even AAPL closed @ highest point of the day, this contrary move was obvious by my mid day report. Indices have found their footing and will work its way higher again, It is important to recognize short term overbought conditions, so you do not get euphoric near top. Earnings report is much better tonight, this should help sentiment on Thursday.

BLOG does NOT give buy or sell.

Saleem


Indices down .17% to .57%....

Indices are off their lows, but still down.

S&P 500 @ 2115.40, low 2110.00, high 2118.51

Internals are mixed with Nasdaq positive, very good sign for a turnaround.

Oil Down $1.69

Gold Down $11.90

Canadian $ Down 83 tick @ 69. 77, lowest level since 2004....

VIX Down .65% @ 12.14

Portfolio GPRO LULU RAD TWTR VDSI

Most stocks are down

@ 2.45 following are positive :

GPRO LULU RAD AMBA FEYE BIDU TSLA PCLN
GOOGL BABA LEN AMZN DNKN CMG FFIV
C AAL GMCR SPLK SBUX MCD STLD
DATA MS GS....

BLOG does NOT give buy or sell.

Saleem

Tuesday, July 21, 2015

Indices closed down .21% to 1.00%.....

Indices closed lower.

S&P 500 @ 2119.21, low 2115.40, high 2128.49

RSI @ 56.90

CMF @ -0.042

Internals were :

Down volume led by 1.59 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by 1.51 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new 52 wk lows were leading by 136 in NYSE & 33 in Nasdaq

VIX Down .24% @ 12.22

Oil @ $50.36

Gold @ $1103.50

AH ER... YHOO Down 1.84%, AAPL Down 6.85%
                CMG UP 1.4%, ISRG UP 12.55%
                GPRO UP 1.39%

GPRO ER was beat all the way....

Sales Q2 Actual $420 Million, expectations $395.2 Million
EPS Actual 35 cents, expectations 26 cents

Guidance Q3 $430 to $445 Million, expectations $404 million
Guidance EPS 29 to 32 cents, expectations 22 cents....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE has entered serious selling, internals remains weak, AAPL earnings will hit Nasdaq hard. Low exposure is the right way to go. Stay with success story, weak stocks will become weaker, it is an extremely selective market. Let us hope, that we do not close @ low of the day on Wednesday. 

BLOG does NOT give buy or sell.

Saleem

Indices down .17% to 1.13%.....

Indices are lower due to overbought condition.

S&P 500 @ 2118.68, low 2115.40, high 2128.49

Internals are negative

Oil UP 39 cents

Gold Down $5.40

Canadian $ UP 33 tick @ 70.41 

VIX UP 2.53% @ 12.56

GPRO LULU RAD TWTR VDSI

Most stocks are lower

@ 2.43 following are green :

TWTR VDSI VIPS BITA YELP LNKD BIDU
GOOGL NXPI SWIR WUBA SINA EXPE
YUM FFIV CIEN JDSU QIHU NFLX
AAL STLD GG ABX AEM CCJ
CNQ Z WYNN AGU TRIP
MLNX....

GPRO reports AH, here are the expectations :

Q2 Sales $395.22 million, EPS 26 cents

Q3 guidance Sales $401.26 Million, EPS 22 cents

Expecting a beat......

BLOG does NOT give buy or sell.

Saleem

Monday, July 20, 2015

Indices closed UP .08% to .17%...NICE !!!!

Indices closed UP.

S&P 500 @ 2128.28, high 2132.82, low 2123.65

RSI @ 60.41

CMF @ -0.012

Internals were :

Down volume led by 2.40 to 1 in NYSE & 1.43 to 1 in Nasdaq

Declining stocks led by 2.15 to 1 in NYSE & 2.27 to 1 in Nasdaq

Net new 52 wk lows were leading by 199 in NYSE & 31 in Nasdaq

VIX UP 2.51% @ 12.25

Oil @ $50.15

Gold @ $1106.80

AH ER ...STLD UP .64%, IBM Down 5.32%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE looked tired and internals were weak, it has the feel of topping action. It is a time to look @ your comfort level. Any profit should be booked ASAP. I am extremely nervous about the deterioration in internals of this market. Minimum exposure is OK.

BLOG does NOT give buy or sell.

Saleem

Indices UP .20% to .36%......NICE !!!!

Indices are continuing their run into more record in Nasdaq, S&P 500 is next, but Dow is far far behind.

S&P 500 @ 2132.19, high 2132.30, low 2123.65

Internals are negative by almost 2 to 1

Oil Down 91 cents

Gold Down $27.20

Canadian $ Down 24 tick @ 70.06..another low since 2009

VIX UP .50% @ 12.01

Portfolio GPRO LULU RAD TWTR VDSI

Most stocks are lower

@ 2.49 following are green :

GPRO LULU TWTR AMBA LNKD BIDU TSLA PCLN
AAPL FB WUBA LVS AMZN DNKN CMG EBAY
YUM MA V GMCR SPLK SBUX DATA ....

BLOG does NOT give buy or sell.

Saleem

Sunday, July 19, 2015

Tale of two markets....

IF you believe what Nasdaq is doing, then market looks super strong.

Nasdaq @ series of new all time high...

BUT SOX  a deeper component of Nasdaq is 12.62% lower than its high.

 This is a clear cut definition of this market, its a NFLX, FB GOOGL PANW market , these stocks are making new all time highs while SOX is struggling big time.

I have never seen a market environment, where one index like Nasdaq is in a runaway bull market while its most important component SOX lags badly.

Dow is 14.44% below its all time high, another deviation which i have never seen before is a Nasdaq only led bull market....

This is "highly troubling"

SO...the question is, what to expect going forward and what could be a good strategy.....

Going forward , this is not a season to have strong TAPE action...

It is extremely difficult to duplicate what has happened in stock prices of above listed stocks.

AAPL is expected to report this week, will it show a growth in profit like Google, that is left to be seen.

I see sporadic strength continuing till the end of earning season, but after that a pullback.

VIX is telling us that we are nearing a "top"

Anytime VIX is in 11 area , we are staring @ top of the market.

3 year low is 10.28, we did hit 11.77 , which is a 1 year low.

It is important to know what is a "historical norm "

History always guides us, when to be "super optimistic " and when to be "super cautious "

We may have reached the other extreme of this fulcrum. 

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Friday, July 17, 2015

Indices closed mixed .....

Indices closed mixed, while Nasdaq closed @ another all time high.

S&P 500 @ 2126.64, high 2128.91, low 2119.88

RSI @ 60.00

CMF @ -0.070

Internals were :

Down volume led by 2.54 to 1 in NYSE & 1.39 to 1 in Nasdaq

Declining stocks led by 1.86 to 1 in NYSE & 1.40 to 1 in Nasdaq

Net new 52 wk lows were leading by 123 in NYSE & highs by 36 in Nasdaq

VIX Down 1.32% @ 11.95

Oil @ $50.89

Gold @ $1131.90

C$ @ 70.34...new low since 2009

Stocks which were UP 2% or more included GPRO
AMBA YY LNKD BIDU TSLA PCLN GOOGL
BABA FB MU YNDX.....

Here is my weighting :

LULU 31.78%

GPRO 26.55%

VDSI  17.56%

RAD   13.82%

TWTR10.29%

Exposure 250%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


Thursday, July 16, 2015

Indices closed UP .39% to 1.26%...NICE !!!!

Indices closed @ high of the day.

S&P 500 @ 2124.29, high 2124.42, low 2110.55

RSI @ 59.43

CMF @ -0.068

Internals were :

UP volume led by 1.89 to 1 in NYSE & 2.81 to 1 in Nasdaq

Advancing stocks led by 2.28 to 1 in NYSE & 2.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 20 in NYSE & 107 in Nasdaq

VIX Down 8.47% @ 12.11

Oil @ $50.91

Gold @ $1143.90

Stocks which were UP 2% or more included RAD VDSI
BITA GOOGL TSL SWIR WUBA MU JKS CSIQ
AMZN EXPE EBAY HIMX CIEN C NFLX
GMCR DATA MLNX......

AH ER... GOOGL UP 12.17%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed strong, Nasdaq @ new all time high. IBD tonight has raised its market outlook to " market in confirmed uptrend ". S&P 500 & Dow are all set for new all time high. Many stocks are outperforming in this TAPE, stay with your high conviction stocks.

BLOG does NOT give buy or sell.

Saleem

Indices UP .24% to 1.02%...NICE !!!!

Indices are UP after a rest yesterday.

S&P 500 @ 2121.22, high 2123.02, low 2110.55

Internals are positive by 2 to 1

Oil Down 27 cents

Gold Down $3.10

Canadian $ Down 42 tick @ 70.46 lowest level since 2009

VIX Down 9.22% @ 12.01

GPRO LULU RAD TWTR VDSI

Most stocks are UP

@ 2.30 following are red :

LULU FEYE NXPI COH LEN DNKN CMG YUM
FFIV SPWR AMCC MCD X STLD ABX SLW
AEM CCJ MGA CNQ Z GS....

BLOG does NOT give buy or sell.

Saleem


Wednesday, July 15, 2015

Indices closed down .02% to .12%....

Indices closed slightly lower.

S&P 500 @ 2107.40, low 2102.49, high 2114.14

RSI @ 56.21

CMF @ -0.106

Internals were :

Down volume led by 1.90 to 1 in NYSE & 1.38 to 1 in Nasdaq

Declining stocks led by 1.50 to 1 in NYSE & 1.89 to 1 in Nasdaq

Net new 52 wk highs were leading by 4 in NYSE & 65 in Nasdaq

VIX Down 1.05% @ 13.23

Oil @ $51.41

Gold @ $1147.40

AH ER ..INTC UP 1.38%, NFLX UP 10%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE had to face many issues, Chinese GDP which came in way better than expected and caused "credibility of numbers ", Greece votes in parliament with protest in focus, finally Greece parliament has accepted EU debt deal. Janet Yellen is "too optimistic about US economy". Canada is struggling with recession and China in serious slowdown. traders decided to take a "wait and see attitude". I think we resume our UP move on Thursday.

BLOG does NOT give buy or sell.

Saleem

Indices Down .08% to .25%......

Indices are down after moving up for several days.

S&P 500 @ 2104.17, low 2103.63, high 2114.14

Internals are negative

Oil Down $1.74

Gold Down $6.20

Canadian $ Down 2.16 cent @ 70.62, Central bank lowered prime to .50%, CAD @ low of 2009.

VIX UP 2.69% @ 13.73

Portfolio GPRO LULU RAD TWTR VDSI

Most stocks are down

@ 2.52 following are green  :

LNKD AAPL CMG C M MCD CSOD TRIP.....

BLOG does NOT give buy or sell.

Saleem

Tuesday, July 14, 2015

Indices closed UP .42% to .66%...NICE !!!!

Indices closed UP near high of the day.

S&P 500 @ 2108.95, high 2111.98, low 2098.18

RSI @ 55.70

CMF @ -0.067

Internals were :

UP volume led by 2.39 to 1 in NYSE & 1.90 to 1 in Nasdaq

Advancing stocks led by 1.77 to 1 in NYSE & 1.78 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & 93 in Nasdaq

VIX Down 3.81% @ 13.37

Oil @ $53.04

Gold @ $1153.50

Stocks which were UP 2% or more included GPRO TWTR
AMBA GOOGL NXPI SWIR MU AMZN SPWR 
SNDK AMCC Z...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE remained strong and repaired further technical damage, S&P 500 & Dow are above 50 DMA, while Nasdaq is inching towards all time highs. Its Chinese GDP night which will follow the downward trend already established, there may be little to no reaction, as hope is further stimulus on the way. Stay the course with strong stocks and core position.

BLOG does NOT give buy or sell.

Saleem

Indices are UP .44% to .81%...NICE !!!!

Indices are UP and near high of the day.

S&P 500 @ 2110.55, high 2110.71, low 2098.18

Internals are positive by almost 2 to 1

Oil UP 87 cents

Gold Down $1.60

Canadian $ Down 6 tick @ 72.55

VIX Down 7.05% @ 12.92

Portfolio GPRO LULU RAD TWTR VDSI

Most stocks are UP

@ 2.42 following are red :

LULU VDSI VIPS BITA BIDU BABA FB LVS
EXPE CMG FSLR JKS NFLX AAL GMCR
TRIP MLNX SLW....

BLOG does NOT give buy or sell.

Saleem

Monday, July 13, 2015

Indices closed UP 1.11% to 1.48%.....NICE !!!!

Indices closed near high of the day.

S&P 500 @ 2099.60, high 2100.67, low 2080.03

RSI @ 53.36

CMF @ -0.082

Internals were :

UP volume led by 4.29 to 1 in NYSE & 4.85 to 1 in Nasdaq

Advancing stocks led by 2.71 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 43 in NYSE & 101 in Nasdaq

VIX Down 17.41% @ 13.90

Oil @ $52.20

Gold @ $1155.40

Stocks which were UP 2% or more included TWTR VDSI
YELP YHOO BIDU PCLN GOOGL FB TSL JKS CSIQ
SWIR LVS WYNN AMZN DNKN EXPE CMG YNDX 
CRUS CIEN NFLX AAL SBUX X STLD Z TRIP...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong on EU agreement with Greece. Internals were strong and have repaired most of the damage. Lot of pessimism have been eliminated. Indices needs to repair technical damage by closing well above 50 DMA. TAPE will be subjected to vote in Greece, IF it goes as expected, indices will move higher.

BLOG does NOT give buy or sell.

Saleem

Indices UP .92% to 1.33%...NICE !!!!

Indices are UP & near high of the day on Greece proposed agreement.

S&P 500 @ 2095.76, high 2097.87, low 2080.03

Internals are positive by 2 to 1

Oil Down 25 cents

Gold Down $2.40

Canadian $ Down 1.04 cent @ 72.41, interest rate decision on Wednesday putting downward pressure on currency, @ March low.

VIX Down 16.10% @ 14.12

GPRO LULU RAD TWTR VDSI

Most stocks are UP

@ 2.38 following are red :

GPRO AMBA BITA FEYE YY NXPI COH MU LEN
SINA HIMX GMCR SPLK ABX GG AEM DATA
BRCM MLNX.....

BLOG does NOT give buy or sell.

Saleem

Sunday, July 12, 2015

Greece hangover continues......

We are back to square 100, it is back to Greece parliament to enact legislation to implement what they have been rejecting then accepting, it has become a trust issue.

Based on published report, it will take another week before we know, what was really accomplished or agreed on.

Market will be under pressure again on Monday on non finalization of Greece refinancing.

Greece needs to implement VAT, Pension Reform, Privatization by Wednesday, lot of drama on CNBC....

China is another issue, where government is directing / dictating stock prices, never ends well.

We have to keep an eye on lows of Tuesday, IF we hold, then we may be OK for digestive phase.

Many Oil countries are facing hardship, Canada included, we are on the verge of going into recession in Canada.

Lot of buying $$ have been taken out due to low low Oil prices, not good for any economies, when there is disruption in major commodity like oil, there are hedges in place which can bring its own problems.

Again, there is another chance to rejig your portfolio on Monday, IF there is selling, good stocks will be on sale again.

It is a wise move to rid of your portfolio of weak stocks, i think i have completed this process on Friday, never too late to get rid of losers.

This summer has not been good for many portfolios, as many strong stocks have pulled back on China & Greece issues.

Do not hesitate to add exposure in quality stocks and away from weak performers or speculative stocks.

Good luck with your own analysis & comfort level.

BLOG does NOT give buy or sell.

Saleem

Friday, July 10, 2015

Indices closed UP 1.21% to 1.53%...NICE !!!!

Indices closed UP and near high of the day on hope for Greece refinancing, China also was UP.

S&P 500 @ 2076.62, high 2081.31, low 2052.74

RSI @ 46.97

CMF @ -0.148

Internals were :

UP volume led by 4.23 to 1 in NYSE & 5.65 to 1 in Nasdaq

Advancing stocks led by 3.94 to 1 in NYSE & 3.82 to 1 in Nasdaq

Net new 52 wk lows were leading by 8 in NYSE & highs by 17 in Nasdaq

VIX Down 15.72% @ 16.83

Oil @ 52.74

Gold @ $1157.90

Canadian $ @ 73.45

Stocks which were UP 1% or more included TWTR
AMBA FEYE LNKD PCLN GOOGL AAPL BABA FB
NXPI MU LEN JKS DNKN EXPE CMG YUM MA V SPWR
CRUS AMCC CIEN FNSR C QIHU NFLX AAL M SPLK MCD
STLD DATA MS BRCM GS AGU TRIP MLNX.....

In my portfolio :

Sold SWIR @ $23.18

Added 50% VDSI @ $27.45

Here is my weighting : (corrected)

LULU 32.52%

GPRO 25.17%

VDSI  18.20%

RAD  13.82%

TWTR10.29%

Exposure 247%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem