Monday, August 31, 2015

Indices closed down .69% to 1.07%.....

Indices closed down.

S&P 500 @ 1972.18, low 1965.98, high 1986.73

RSI @ 40.43

CMF @ -0.064

Internals were :

Down volume led by 1.51 to 1 in NYSE & 2.09 to 1 in Nasdaq

Declining stocks led by 1.29 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new 52 wk lows were leading by 31 in NYSE & highs by 1 in Nasdaq

VIX UP 9.14% @ 28.43

Oil @ $49.20

Gold @ $1132.50

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE is facing a retest of support in all indices, in S&P 500 it is a battle for 1900. When indices suffers break like last Monday, it takes several test and retest of support area, i do not believe that it is a retest of low of 1867.01. Any shock like Monday, deserves respect & patience from all traders. By coming Friday, we may have completed this process of repairing damage in TAPE. In the meantime, look for better entry in former leaders and observe this TAPE closely.

BLOG does NOT give buy or sell.

Saleem

Indices down .79% to 1.02%......

Indices are lower on negative sentiment, due to upcoming Fed interest rate hike scenario.

S&P 500 @ 1972.92, low 1965.98, high 1986.73

Internals are negative 

Oil UP $3.47

Gold Down $1.30

Canadian $ UP 34 tick @ 68.34

VIX  UP 7.06% @ 27.89

Portfolio FB FIT GPRO LULU RAD TSL VDSI

Most stocks are down

@ 2.27 following are green :

FIT LULU TSLA TWTR COH MU LEN JKS SU
YELP FSLY SNDK OTEX QIHU AAL GMCR
CCJ MS CNQ GS......

BLOG does NOT give buy or sell.

Saleem


Sunday, August 30, 2015

Death cross in S&P 500 & Dow.........

Last week saw one of the sharpest slump in recent memory......

Dow slumping 1089 points @ open on Monday

Nasdaq slumping 8.8% on Monday

Most stocks were down in 10% area on Monday

Oil went to $37.75..currently @ $45.33

VIX went to 53.29...currently @ 26.05

Gold jumped to $1133.30 from $1073.70

To top it all off Dow & S&P 500 have entered " death cross "

These are not "normal tape action"

Many traders & professionals were selling @ market....@ any price....in panic mode

This breakdown in market is result of Chinese downtrend in their economy, form 12% to 5% growth in a span of  7 years......world corporations are being impacted in their profitability......

BUT...last 3 trading days have seen a snapback and some recovery in all indices.....

Many pundits are " extremely nervous " about this TAPE and are predicting "retest " of previous lows...

None of the pundits were set up for this slump, now they "can see clearly now " what will happen next ?

SO...what next......

I think most of the Chinese slump has seen its impact by Monday TAPE.....

It is wise to buy "strong stocks "...they will fare much better in weak or strong TAPE.

Strategic buying or staying put has helped many portfolio including mine in this slump....

I added few stocks last week, TSL @ $8.73 on Thursday & FIT @ $33.80 on Friday.

Here is my weighting :

FB      30.14%

LULU 29.29%

RAD   11.73%

GPRO 11.17%

VDSI  10.48%

TSL      3.83%

FIT       3.36%

Exposure 283%

Appreciated stocktraders input and closing reports while i was away.

BLOG does NOT give buy or sell.

Saleem

Friday, August 21, 2015

Indices closed down 3.12% to 3.52%......

Indices were in a freefall and closed @ absolute low of the day. Chinese slowdown and US interest rate hike causing panic all around. Many records were set today @ close, here are few important ones :

Oil faced largest straight line slump in last 30 years

Stock faced the worst weekly slump since 2011

VIX was UP the most in a week ever

These are tell tale of a deeply oversold market with majority giving up on stocks this week....

S&P 500 @ 1970.89, low 1970.89, high 2034.08

S& P 500 RSI @ 24.84

Nasdaq RSI @ 24.50

DOW RSI @ 22.20

CMF @ -0.024

Internals were :

Down volume led by 17.33 to 1 in NYSE & 6.40 to 1 in Nasdaq

Declining stocks led by 6.03 to 1 in NYSE & 2.09 to 1 in Nasdaq

Net new 52 wk lows were leading by 610 in NYSE & 305 in Nasdaq

VIX UP 46.45% @ 28.03

Oil @ 40.45

Gold @ $1159.60

Canadian $ @ 68.25

Here is my weighting :

LULU 31.82%

FB       31.57%

RAD    12.52%

GPRO  12.43%

VDSI    11.66%

Exposure 272%

We are deeply oversold and are due for an "oversold bounce".....I have no intention of selling anything in my portfolio......

PS....I am on vacation for a week starting this Sunday, hopefully stocktrader will update this page in comment section on a daily basis after close or any thoughts during the day, This vacation was planned long time ago. I will be back with Sunday BLOG on 30th of August @ 2 PM.

BLOG does NOT give buy or sell.

Saleem

Indices down 2.07% to 2.23%....

Chinese Flash PMI which was below expectations is taking another toll on world markets. Indices are near low of the day.

S&P 500 @ 1992.23, low 1990.34, high 2034.08

RSI in Dow has reached deeply oversold number of 23.83

Internals are negative by 4 to 1 in NYSE & 2 to 1 in Nasdaq

Oil Down 94 cents

Gold UP $4.40

Canadian $ Down 78 tick @ 68.35

VIX UP 27.22% @ 24.35

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.48 following are green :

LNKD TWTR WUBA MU SINA DNKN AMCC
CIEN GMCR GG Z....

BLOG does NOT give buy or sell.

Saleem


Thursday, August 20, 2015

Indices closed down 2.06% to 2.82%.....

Indices closed @ absolute low of the day.

S&P 500 @ 2035.73, low 2035.73, high 2076.61

RSI @ 34.27

CMF @ 0.010

Internals were :

Down volume led by 7.79 to 1 in NYSE & 12.98 to 1 in Nasdaq

Declining stocks led by 5.74 to 1 in NYSE & 5.95 to 1 in Nasdaq

Net new 52 wk lows were leading by 343 in NYSE & 207 in Nasdaq

VIX UP 25.51% @ 19.14

Oil @ $41.32

Gold @ $1153.20

AH ER...CRM UP 2.92%, BRCD UP 5.97%
               ROST Down 9.32%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was under severe selling pressure taking all indices to lowest level close of 2015. 200 DMA is where all indices are sitting below, not a pretty picture. Internals had the feel of total capitulation. We may turn UP after 11 AM once margin calls are squared away. IF you have the will to buy bargain, we may have seen that already, we are all set to rebound, China Flash PMI notwithstanding.

BLOG does NOT give buy or sell.

Saleem

Indices down 1.37% to 2.05%.....

Indices are tracking world markets slump again, DAX currently down 2.34%. Dow is @ lowest point of 2015.

S&P 500 @ 2048.47, low 2046.92, high 2076.61

Internals are negative by almost 4 to 1

Oil UP 17 cents

Gold UP $24.00

Canadian $ UP 37 tick @ 69.09

VIX UP 16.98% @ 17.84

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.32 following are green :

GMCR ABX SLW GG AEM 

BLOG does NOT give buy or sell.

Saleem

Wednesday, August 19, 2015

Indices closed down .80% to .93%.....

Indices closed down.

S&P 500 @ 2079.61, low 2070.53, high 2096.17

RSI @ 45.01

CMF @ 0.034

Internals were :

Down volume led by 4.50 to 1 in NYSE & 3.74 to 1 in Nasdaq

Declining stocks led by 2.96 to 1 in NYSE & 2.68 to 1 in Nasdaq

Net new 52 wk lows were leading by 245 in NYSE & 118 in Nasdaq

VIX UP 10.59% @ 15.25

Oil @ $40.80

Gold @ $1127.90

AH ER ....NTAP UP 12.06%, MOMO Down 6.76%

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE took it on the chin with worldwide stock slump. Fed has prepared the market for an instant rate hike, most will be shocked  but word is out already today in minutes.S&P 500 and Nasdaq both closed below 50 DMA, S&P 500 went below 200 DMA but crawled back above @ close. What can you say to a market, which is trying to discount something, which we do not know, is it China, or recession in many countries, Oil prices are a major stumbling block for a healthy market. As always, stay the course, these things get sorted out with time.

BLOG does NOT give buy or sell.

Saleem

Indices down .20% to .42%.....

Indices were sharply lower on Shanghai slump & recovery, Fed is on track for rate increase whenever they want, conditions are approaching for rate hike as per their minutes. Somehow market likes the minute, heading north.

S&P 500 @ 2089.68, low 2073.53, high 2095.69

Internals are negative around 2 to 1

Oil Down $1.97

Gold UP $13.30

Canadian $ Down 16 tick @ 69.27

VIX Down .44% @ 13.73

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.15 following are green :

FB AMBA FEYE LNKD PCLN GOOGL AMZN SINA
EXPE CMG YUM FFIV AAL SBUX MCD ABX
SLW GG AEM V CSOD BRCM Z WYNN
GS MLNX.......

BLOG does NOT give buy or sell.

Saleem


Tuesday, August 18, 2015

Indices closed down .19% to .64%......

Indices closed near low of the day.

S&P 500 @ 2096.92, low 2094.14, high 2103.47

RSI @ 50.86

CMF @ 0.046

Internals were :

Down volume led by 1.58 to 1 in NYSE & 2.95 to 1 in Nasdaq

Declining stocks led by 1.85 to 1 in NYSE & 2.12 to 1 in Nasdaq

Net new 52 wk lows were leading by 76 in NYSE & 33 in Nasdaq

VIX UP 5.91% @ 13.79%

Oil 2 $42.62

Gold @ $1116.90

AH ER...CRUS Down 1.83%, CSIQ Down 10.09%
                ADI UP 7.10%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE is in a yo yo mode, UP day followed by Down day, Nasdaq is below 50 DMA again, S&P 500 showed relative strength and closed above 50 DMA. Wednesday @ 2 PM is Fed minutes day, which may bring its own volatility. Option expiry played a role today and may continue to do so this week.Stay the course with better performing stocks, no sense trying to outsmart this market or any other market.

BLOG does NOT give buy or sell.

Saleem

Indices down .11% to .49%.....

Indices are lower on Chinese stock market slump of 6.12% last night, Chinese weakness is a tell tale of how economy is doing which is not good @ all.

S&P 500 @ 2097.95, low 2094.14, high 2103.47

Internals are negative by 2 to 1

Oil UP 90 cents

Gold Down $2.10

Canadian $ UP 24 tick @ 69.47

VIX UP 5.68% @ 13.76

Portfolio FB GPRO LULU RAD VDSI

Most stocks down

@ 2.29 following are UP :

FB LULU TSL TSLA COH LEN AMZN SBUX MCD
MGA Z AGU.....

BLOG does NOT give buy or sell.

Saleem

Monday, August 17, 2015

Indices closed UP .39% to .86%....NICE !!!!

Indices closed @ high of the day.

S&P 500 @ 2102.44, high 2102.87, low 2079.30

RSI @ 52.89

CMF @ 0.041

Internals were :

UP volume led by 2.03 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by 1.56 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk lows were leading by 49 in NYSE & highs by 1 in Nasdaq

VIX UP 1.48% @ 13.02

Oil @ $41.87

Gold @ $1118.40

Stocks which were UP 1% or more included LULU
TSL FEYE YY YELP BIDU TSLA PCLN MU
AAPL LEN JKS EXPE YUM HIMX CIEN 
FNSR QIHU NFLX AAL SPLK SBUX
MCD STLD ABX SLW GG AEM 
BRCM AGU TRIP.....

AH ER ...FTNT UP 2.4%, SINA Down 3.3%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong enough to propel S&P 500 & Nasdaq to move above 50 DMA, Dow remained below 50 & 200 DMA but it seems it may have made a double bottom. Internals of the market improved. We need another close in green on Tuesday to confirm this rally. Many stocks did not participate in this rally, hopefully they will join this turnaround on soon. Stay with your best ideas, but do not forget to book profit.

BLOG does NOT give buy or sell.

Saleem

Indices UP .27% to .70%...NICE !!!!

Indices are near high of the day with technical improvement in S&P 500 & Nasdaq.

S&P 500 @ 2099.73, high 2101.54, low 2079.30

Internals are positive

Oil Down 49 cents

Gold UP $3.50

Canadian $ unchanged @ 69.14

VIX UP 2.49 @ 13.15 ????

Portfolio FB GPRO LULU RAD VDSI

Most stocks are UP

@ 2.38 following are red :

FB GPRO VDSI AMBA SWIR YHOO NXPI WUBA
LVS CSIQ SU EBAY YNDX M X DATA CSOD
CNQ Z WYNN MLNX.....

BLOG does NOT give buy or sell.

Saleem

Sunday, August 16, 2015

S&P 500 looking better technically than Nasdaq.....

IF you look @ chart, following picture emerges.

DOW below 50 & 200 DMA and near lows of its trading range...

Nasdaq above 200 DMA and is 29 points away from 50 DMA

S&P 500 above 200 DMA but only 3 points away from 50 DMA....

S&P 500 being the strongest in terms of above analysis , gives hope that 500 stocks of S&P 500 is behaving much better than 100 Nasdaq stocks.....

Broadening of strength is always a tell tale of underlying strength which may be developing.

Dow is the weakest and does not give confidence to 30 components which remains weak.

NOW...the question is what to do in this "dog days of summer market "

First recommendation is, this TAPE is weak and requires different strategy than when market is strong.

Second, strength is in a very narrow range of stocks....

Third, stocks which are strong, needs to be monitored closely for loss of strength or getting a good entry point.

Fourth, exposure in this type of TAPE has  to be in a "high comfort zone"

This week is Option Expiry, which may bring more volatility.

TAPE remains challenging, but limited exposure in strong stocks may bring some gains. 

It is important to book gains IF you get it quickly. 

Some beaten down stocks require selective buying. Oil may be the place to be as we are flirting with 6 year low.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, August 14, 2015

Indices closed UP .29% to .40%...NICE !!!!

Indices closed UP near high of the day, internals improved substantially.

S&P 500 @ 2091.54, high 2092.45, low 2080.61

RSI @ 49.16

CMF @ 0.006

Internals were :

UP volume led by 1.87 to 1 in NYSE & 1.46 to 1 in Nasdaq

Advancing stocks led by 2.15 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new 52 wk lows were leading by 52 in NYSE & 29 in Nasdaq

VIX Down 4.89% @ 12.83

Oil @ $42.50

Gold @ $1112.70

Canadian $ @ 69.46

Stocks which closed UP 1% or more included   FB LULU VDSI
FIT TSL YELP BIDU SWIR COH BIDU TWTR JKS SINA
EBAY SPWR QIHU SPLK STLD DATA AGU TRIP.....

Here is my weighting :

FB       31.49%

LULU 30.43%

GPRO 13.74%

RAD   13.01%

VDSI  11.33%

Exposure 272%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, August 13, 2015

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2083.39, low 2078.26, high 2092.93

RSI @ 46.21

CMF @ -0.001

Internals were :

Down volume led by 1.83 to 1 in NYSE & 1.37 to 1 in Nasdaq

Declining stocks led by 1.51 to 1 in NYSE & 1.30 to 1 in Nasdaq

Net new 52 wk lows were leading by 59 in NYSE & 28 in Nasdaq

VIX Down .88% @ 13.49

Oil @ $42.23

Gold @ $1115.60

AH ER...NWS Down 7.1%, LOCO Down 14.05%
               YY UP 2.96%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was erratic, UP DOWN  & finally MIXED close. We are in deep vacation month of August and TAPE is easy to go in any direction. Some stocks are bucking this malaise and that is where the strength lies. Mark time with a portfolio of strong stocks and let it breathe, market will do what it wants to do.

BLOG does NOT give buy or sell.

Saleem

             

Indices UP .28% to .42%...NICE !!!!

Indices are on firm footing after zig zagging after open.

S&P 500 @ 2092.08, high 2092.93, low 2078.26

Internals are mixed

Oil Down $1.34

Gold Down $9.70

Canadian $ Down 92 tick @ 69.33

VIX Down 3.82% @ 13.09

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.33 following are green by 1% or more : GPRO LULU RAD
FIT FEYE YHOO LNKD BIDU TSLA BABA COH LEN
CSIQ AMZN YUM V CIEN C OTEX QIHU NFLX
AAL SPLK SBUX MCD DATA....

BLOG does NOT give buy or sell.

Saleem




Wednesday, August 12, 2015

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2086.05, high 2089.06, low 2052.09

RSI @ 47.04

CMF @ 0.057

Internals were :

UP volume led by 1.22 to 1 in NYSE & 1.24 to 1 in Nasdaq

Declining stocks led by 1.02 to 1 in NYSE & 1.24 to 1 in Nasdaq

Net new 52 wk lows were leading by 177 in NYSE & 102 in Nasdaq

VIX Down .73% @ 13.61

Oil @ $43.30

Gold @ $1123.60

AH ER ....CSCO UP 4.05%, NTES Down 3.54%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE found support and made a powerful V bottom in all indices. We are deeply oversold and should rally from here. Chinese Yuan devaluation has put new pressure on Chinese exposure of many corporation. Chinese economic picture has worsened with 3.5% devaluation. Strong stocks with little to no exposure to China should rally hard.

BLOG does NOT give buy or sell.

Saleem

Indices down .18% to .53%.....

Chinese second devaluation of 1.6% of Yuan took another toll in world markets, in open market, Yuan has gone down 4.8% vs official devaluation of 3.5%, this may indicate more devaluation to come.

S&P 500 @ 2073.15, low 2052.09, high 2081.10

Internals are negative

Oil UP 43 cents

Gold UP $15.80

Canadian $ UP 1.15 cent @ 69.05

VIX UP 5.91% @ 14.52

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.32 following are green :

TSL TSLA SWIR AAPL MU FFIV FSLR CRUS
CIEN FNSR ABX SLW GG AEM CSOD
BRCM Z .......

BLOG does NOT give buy or sell.

Saleem

Tuesday, August 11, 2015

Indices closed down .96% to 1.27%......

Indices closed down.

S&P 500 @ 2084.07, low 2076.49, high 2102.66

RSI @ 46.37

CMF @ 0.004

Internals were :

Down volume led by 2.57 to 1 in NYSE & 4.19 to 1 in Nasdaq

Declining stocks led by 1.68 to 1 in NYSE & 2.34 to 1 in Nasdaq

Net new 52 wk lows were leading by 107 in NYSE & 72 in Nasdaq

VIX UP 12.10% @ 13.71

Oil @ $43.08

Gold @ $1107.70

AH ER ...CREE Down 2.98%, CYBR UP 1.82%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE yielded to Chinese Yuan 1.90% devaluation, this may cause Sales disruption in many companies who sell in China, their Sales value will go down 1.9% in US $ terms. Dow has created a "death cross " which is watched by many and followed by very few. S&P 500 managed to stay and closed above 200 DMA. Nasdaq closed below 50 DMA. These stats are interesting to watch as it defies any interpretation, because they do nullify these technical patterns very next day ?
We are all set to rally again, a setback to those who keep their " buy buttons out of sight "

BLOG does NOT give buy or sell.

Saleem

Indices down 1.12% to 1.52%......

Chinese devaluation of Yuan by 1.9% is taking a toll on world markets, DAX closed down 2.68%.

S&P 500 @ 2080.38, low 2076.49, high 2102.66

Internals are negative by 2 to 1

Oil Down $2.04, lowest level in 6 years.

Gold UP $4.60

Canadian $ Down 1.38 cent @ 68.62..lowest point in 11 years....

VIX UP 15.62% @ 14.14

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.35 following are green :

LULU GOOGL LEN HIMX AAL ABX GG AEM ...

BLOG does NOT give buy or sell.

Saleem


Monday, August 10, 2015

Indices closed UP 1.16% to 1.39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2104.18, high 2105.35, low 2080.98

RSI @ 52.59

CMF @ 0.047

Internals were :

UP volume led by 7.87 to 1 in NYSE & 3.25 to 1 in Nasdaq

Advancing stocks led by 3.17 to 1 in NYSE & 2.38 to 1 in Nasdaq

New 52 wk highs were leading by 4 in NYSE & lows by 24 in Nasdaq

VIX Down 8.66% @ 12.23

Oil @ $44.96

Gold @ $1104.10

Stocks which were UP 2% or more included GPRO LULU VDSI
AMBA TSL FEYE YELP AAPL BABA SWIR TWTR MU
NXPI LEN JKS CSIQ FSLR SPWR SINA SU YNDX
CRUS SNDK AMCC LSCC GMCR SPLK STLD
X ABX SLW AEM CCJ DATA CSOD CNQ
BRCM MLNX.....

AH Futures Mixed

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE showed strength by closing near high of the day, many pundits were mumbling about the reasons for this rally, they have been playing " don't buy the dip thesis ". Nasdaq & S&P 500 are above 50 & 200 DMA, while Dow remains below 50 & 200 DMA. Many sectors participated in this rally, internals improved big time. Expecting a confirmation of this rally by close on Tuesday.

BLOG does NOT give buy or sell.

Saleem

Indices UP 1.30% to 1.43%....NICE !!!!

Indices are staging a strong rally after being deeply oversold.

S&P 500 @ 2104.74, high 2105.35, low 2080.98

Internals are positive by almost 3 to 1

Oil UP 97 cents

Gold UP $9.00

Canadian $ UP 1.19 cent @ 69.91

VIX Down 8.22% @ 12.29

Portfolio FB GPRO LULU RAD VDSI

Most stocks are UP

@ 2.28 following are red :

LNKD TSLA GOOGL DNKN CMG HIMX GRPN 
NFLX SBUX V Z......

BLOG does NOT give buy or sell.

Saleem

Sunday, August 9, 2015

Is selloff in Dow overdone ?

Dow has been down 7 days in a row or down 12 days in last 14 trading days......

Dow is @ lowest point in many many months since February of this year....

Dow is below 50 & 200 DMA

Dow is the only index which has negative CMF

This is a classic picture of all the bad news being priced in......

Dow is getting very close to deeply oversold levels, RSI currently @ 35.47.....IF it hits below 30, look for a sharp rally, even 32 RSI is a set up for UP UP & away .....

Markets are going through digestive format for uptick in interest rates, i personally believe, we have reached lows already, we may test those lows and it should be a successful test....

S&P 500 and Nasdaq are below 50 DMA , S&P 500 went below 200 DMA, but closed above.

It is a fair conclusion, that many players are extremely cautious.....

It is also a fair conclusion that many players are on vacation, thus an absence of buying interest.

There is a buying vacuum which is bringing market to near term lows....

It is a prime time to complete your buying.......

Buying is good when prices are challenged....

I am of the opinion, that we are "deeply oversold" and one must not fight for the last cent advantage in buying....

When interest go up .25 % or even 1/8%, it may become "buy the news"

Stay in the market with your high comfort stocks.....

After every slump, there is a rally waiting to happen.....

BLOG does NOT give buy or sell.

Saleem


Friday, August 7, 2015

Indices closed down .26% to .29%....

Indices closed down but trimmed majority of the losses by close.

S&P 500 @ 2077.57, low 2067.91, high 2082.61

RSI @ 43.24

CMF @ 0.045

Internals were :

Down volume led by 2.06 to 1 in NYSE & 1.14 to 1 in Nasdaq

Declining stocks led by 1.43 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk lows were leading by 158 in NYSE & 129 in Nasdaq

VIX Down 2.76% @ 13.39

Oil @ $43.87

Gold @ $1094.10

Canadian $ @ 68.72

Stocks which closed green included GPRO LULU
AMBA FEYE YHOO LNKD BIDU AAPL 
NXPI LVS EBAY FFIV MA V FSLR
HIMX SNDK FNSR OTEX QIHU
GMCR ABX AEM COH DATA
CSOD BRCM WYNN AGU
MLNX.....

Here is my weighting :

FB       31.60%

LULU 29.26%

GPRO 14.79%

RAD   12.80%

VDSI  11.55%

Exposure 272%

Next post by 2 PM on Sunday

BLOG does NOT give buy or sell.

Saleem 

Thursday, August 6, 2015

Indices closed down .69% to 1.62%.....

Indices closed down.

S&P 500 @ 2083.56, 2075.53, high 2103.32

RSI @ 45.10

CMF @ 0.058

Internals were :

Down volume led by 1.09 to 1 in NYSE & 2.96 to 1 in Nasdaq

Declining stocks led by 1.47 to 1 in NYSE & 2.26 to 1 in Nasdaq

Net new 52 wk lows were leading by 280 in NYSE & 117 in Nasdaq

VIX UP 10.07% @ 13.77

Oil @ $44.66

Gold @ $1090.10

AH ER.... MNST UP 4.56%. CSOD UP 4.96%
                 NVDA UP 10.61%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was weak on fear of strong jobs report and higher interest rates sooner than expected. Jobs report should show improving economy and its positive impact. Stock market likes growth in economy as it improves profitability for corporation. Nasdaq suffered its sharp loss in a long time and is below 50 DMA, S&P 500 is near 200 DMA, hopefully we rebound from these support levels.

BLOG does NOT give buy or sell.

Saleem

Indices down .79% to 1.61%......

Indices are weak on fear of strong jobs report, which may trigger higher interest rates in September.

S&P 500 @ 2083.23, low 2075.53, high 2103.32

Internals are negative by 2 to 1 in NYSE & almost 3 to 1 in Nasdaq

Oil Down 84 cents

Gold UP $3.50

Canadian $ UP 62 tick @ 68.84

VIX UP 10.07% @ 13.77

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.34 following are green :

GPRO YY BIDU AAPL WUBA SINA SU OTEX
QIHU NFLX X ABX SLW GG AEM CCJ 
CNQ Z ....

BLOG does NOT give buy or sell.

Saleem

Wednesday, August 5, 2015

Indices closed mixed.....

Indices closed mixed on Disney impact.

S&P 500 @ 2099.84, high 2112.66, low 2095.27

RSI @ 50.59

CMF @ 0.040

Internals were :

UP volume led by .92 to 1 in NYSE & 1.92 to 1 in Nasdaq

Advancing stocks led by .99 to 1 in NYSE & 1.32 to 1 in Nasdaq

Net new 52 wk lows were leading by 132 in NYSE & highs by 16 in Nasdaq

VIX Down 3.77% @ 12.51

Oil @ $45.15

Gold @ $1085.60

Stocks which were UP 2% or more included FB RAD VDSI 
TSL FEYE PCLN GOOGL JKS CSIQ FSLR SPWR FIT
NFLX STLD DATA.....


AH ER ....TSLA Down 5.60%, FIT Down 12.53%
                 GMCR Down 28.98%, ZU UP 9.28%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was much better today and most stocks participated in this rally. IBD remains negative on this market, saying " market uptrend under pressure ". TAPE is in process of working higher in Nasdaq, then S&P 500. Dow remains laggard and technically weak, S&P 500 regained its strength and above 50 DMA. Strength needs to be bought and held for profitable trade.

BLOG does NOT give buy or sell.

Saleem

Indices UP .07% to .72%....NICE !!!!

Indices are higher after being oversold.

S&P 500 @ 2101.51, high 2112.66, low 2095.27

Internals are positive

Oil Down 66 cents

Gold Down $5.50

Canadian $ UP 4 tick @ 68.15

VIX UP 4.62% @ 12.40

Portfolio FB GPRO LULU RAD VDSI

Most stocks are UP

@ 2.48 following are red :

LNKD SWIR TWTR LEN TSLA V HIMX OTEX
GMCR ABX SLW Z.....

BLOG does NOT give buy or sell.

Saleem

Tuesday, August 4, 2015

Indices closed down .19% to .27%.....

Indices closed lower.

S&P 500 @ 2093.32, low 2088.60, high 2102.51

RSI @ 48.25

CMF @ 0.023

Internals were :

Down volume led by 1.24 to 1 in NYSE & 1.07 to 1 in Nasdaq

Declining stocks led by 1.23 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new 52 wk lows were leading by 80 in NYSE & 39 in Nasdaq

VIX UP 3.50% @ 13.00

Oil @ $45.74

Gold @ $1090.70

AH ER....TRMB Down 13.35%, FSLR UP 7.82%
                Z UP 14.69%

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, S&P 500 closed below 50 DMA, Nasdaq remains above 50 & 200 DMA, which is comforting to see. TAPE is in a indecisive state as market leader AAPL keeps going below 200 DMA a 2 year technical low. Many stocks are defying AAPL related weakness and are in healthy pattern. Stay the course with stocks that are working.

BLOG does NOT give buy or sell.

Saleem


Indices down .35% to .44%.....

Indices are @ low of the day.

S&P 500 @ 2088.87, low 2988.82, high 2102.51

Internals are negative

Oil UP 57 cents

Gold Down $2.30

Canadian $ Down 27 tick @ 68.22, hovering near 11 year low

VIX UP 5.10% @ 13.20

Portfolio FB GPRO LULU RAD VDSI

Most stocks are down

@ 2.15 following are green :

LULU RAD VDSI AMBA YY YHOO TSLA PCLN
BABA SWIR TWTR QIHU NFLX AAL GMCR
SBUX COH CNQ AGU SINA EXPE CMG......

BLOG does NOT give buy or sell.

Saleem

Monday, August 3, 2015

Indices closed down .25% to .52%......

Indices closed lower.

S&P 500 @ 2098.04, low 2087.31, high 2105.70

RSI @ 49.84

CMF @ 0.085

Internals were :

Down volume led by 2.44 to 1 in NYSE & 1.34 to 1 in Nasdaq

Declining stocks led by 1.53 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new 52 wk lows were leading by 100 in NYSE & 75 in Nasdaq

VIX UP 3.63% @ 12.56

Oil @ $45.17

Gold @ $1089.40

AH Futures Down

AH Asian Markets Mixed

AH Oil UP 

AH Gold Down

About market, TAPE recovered most of the losses and closed near upper end of the range. This market is a normal market, many expect it to be of go go years of 2009 to 2013, that was a rare recovery from lowest point. Current TAPE is very good for strategic buying  / positioning. Nasdaq remains above 50 & 200 DMA, which is viewed by some as troubling, one hell of a logic, strength is troubling?

BLOG does NOT give buy or sell.

Saleem