Indices closed UP
S&P 500 @ 1920.03, high 1920.53, low 1887.14
RSI @ 42.81
CMF @ -0.012
Internals were :
UP volume led by 7.09 to 1 in NYSE & 5.73 to 1 in Nasdaq
Advancing stocks led by 3.07 to 1 in NYSE & 2.92 to 1 in Nasdaq
Net new 52 wk lows were leading by 184 in NYSE & 148 in Nasdaq
VIX Down 8.68% @ 24.50
Oil @ $45.09
Gold @ $1115.20
Stocks which closed UP 2% or more included FB NXPI
NFLX AMBA YY YHOO PCLN GOOGL TWTR
FIT TSL COH MU GPRO LEN JKS CSIQ FSLR
SPWR AMZN SINA EXPE YUM YELP HIMX
CRUS SNDK AMCC CIEN FNSR QIHU GG
NFLX SBUX STLD AEM CCJ DATA MGA
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE showed its old strength and closed @ high of the day, absolute high close in Nasdaq. Internals improved big time, CMF is positive in Dow & Nasdaq.It was nice to see that test of support was successful yesterday, it was a six week of test & retest of support, we may be finally out of that phase. Now we have to get confirmation of this rally with a positive close on Thursday, probability is extremely high of doing that. Buying or adding on open may not be a bad idea.
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 30, 2015
Indices UP 1.07% to 1.78%......NICE !!!!!
Indices are strong after testing support yesterday.
S&P 500 @ 1910.14, high 1916.60, low 1887.14
Internals are positive by minimum 2 to 1
Oil Down 4 cents
Gold Down $11.50
Canadian $ UP 74 tick @ 66.55..GDP grew for two months in a row after slumping for 2 Q.
VIX Down 6.67% @ 25.04
Portfolio BIDU CNQ FB LULU NXPI VDSI
Most stocks are UP
@ 3.13 following are red :
CNQ TSLA RAD LVS SU YNDX AAL GMCR X
Z WYNN TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1910.14, high 1916.60, low 1887.14
Internals are positive by minimum 2 to 1
Oil Down 4 cents
Gold Down $11.50
Canadian $ UP 74 tick @ 66.55..GDP grew for two months in a row after slumping for 2 Q.
VIX Down 6.67% @ 25.04
Portfolio BIDU CNQ FB LULU NXPI VDSI
Most stocks are UP
@ 3.13 following are red :
CNQ TSLA RAD LVS SU YNDX AAL GMCR X
Z WYNN TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 29, 2015
Indices closed mixed.....
Indices closed mixed...
S&P 500 @ 1884.07, high 1899.48, low 1871.91
RSI @ 34.60
CMF @ -0.110
Internals were :
Down volume led by .81 to 1 in NYSE & 1.63 to 1 in Nasdaq
Declining stocks led by 1.28 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk lows were leading by 474 in NYSE & 302 in Nasdaq
VIX Down 2.90% @ 26.83
Oil @ $45.23
Gold @ $1126.80
AH ER...CUDA Down 22.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE tested support again and came very close to previous low but turned UP and closed higher than yesterdays close, which is a very good thing, technically speaking. Nasdaq was down 6 days in a row. Still... there is no conviction in this TAPE, every minute it gyrates UP or Down. But it is a very good time to park in strong names and wait for TAPE to get its mojo back. Boring / painful TAPE can give huge reward IF conviction and patience takes hold.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1884.07, high 1899.48, low 1871.91
RSI @ 34.60
CMF @ -0.110
Internals were :
Down volume led by .81 to 1 in NYSE & 1.63 to 1 in Nasdaq
Declining stocks led by 1.28 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk lows were leading by 474 in NYSE & 302 in Nasdaq
VIX Down 2.90% @ 26.83
Oil @ $45.23
Gold @ $1126.80
AH ER...CUDA Down 22.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE tested support again and came very close to previous low but turned UP and closed higher than yesterdays close, which is a very good thing, technically speaking. Nasdaq was down 6 days in a row. Still... there is no conviction in this TAPE, every minute it gyrates UP or Down. But it is a very good time to park in strong names and wait for TAPE to get its mojo back. Boring / painful TAPE can give huge reward IF conviction and patience takes hold.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are trying to consolidate after finding support. S&P 500 did not go through previous low of 1867.01, low today so far is 1876.34, so far another higher low from support.
S&P 500 @ 1885.20, high 1899.48, low 1876.34
Internals are negative
Oil UP 80 cents
Gold Down $4.90
Canadian $ Down 30 tick @ 65.72...11 year low
VIX Down 2.86% @ 26.84
Portfolio BIDU CNQ FB LULU NXPI VDSI
Most stocks are down
@ 2.43 following are green :
BIDU CNQ LULU NXPI AMBA FEYE YHOO LNKD
TSLA PCLN BABA TWTR TSL COH MU GPRO
JKS CSIQ SINA CMG SU FFIV MA V FSLR
SPWR YNDX AAL M GMCR MCD X
STLD MGA AGU TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1885.20, high 1899.48, low 1876.34
Internals are negative
Oil UP 80 cents
Gold Down $4.90
Canadian $ Down 30 tick @ 65.72...11 year low
VIX Down 2.86% @ 26.84
Portfolio BIDU CNQ FB LULU NXPI VDSI
Most stocks are down
@ 2.43 following are green :
BIDU CNQ LULU NXPI AMBA FEYE YHOO LNKD
TSLA PCLN BABA TWTR TSL COH MU GPRO
JKS CSIQ SINA CMG SU FFIV MA V FSLR
SPWR YNDX AAL M GMCR MCD X
STLD MGA AGU TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 28, 2015
Indices closed down 1.92% to 3.04%.......
Indices closed down.
S&P 500 @ 1881.77, low 1879.21, high 1929.18
RSI @ 34.03
CMF @ -0.124
Internals were :
Down volume led by 21.48 to 1 in NYSE & 12.39 to 1 Nasdaq
Declining stocks led by 8.87 to 1 in NYSE & 5.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 482 in NYSE & 328 in Nasdaq
VIX UP 16.98% @ 27.63
Oil @ $44.43
Gold @ $1131.70
AH Futures Mixed
AH Asian markets Down
AH Oil & Gold UP
About market, today TAPE was under intense selling pressure and closed near low of the day. Nasdaq joined other index in "death cross" formation. Tonight IBD is changing its market outlook to "market in correction. Carter Worth is predicting 1730 in S&P 500. So far we have corrected from highest point in history back in May 2015 to lowest point today by 255.51 points or 11.97%, quite steep in 4.5 months. I still do not see any buying interest as major players are in a wait & see mode. I switched from low quality to better quality stock, which is all one can do in uncertain times.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1881.77, low 1879.21, high 1929.18
RSI @ 34.03
CMF @ -0.124
Internals were :
Down volume led by 21.48 to 1 in NYSE & 12.39 to 1 Nasdaq
Declining stocks led by 8.87 to 1 in NYSE & 5.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 482 in NYSE & 328 in Nasdaq
VIX UP 16.98% @ 27.63
Oil @ $44.43
Gold @ $1131.70
AH Futures Mixed
AH Asian markets Down
AH Oil & Gold UP
About market, today TAPE was under intense selling pressure and closed near low of the day. Nasdaq joined other index in "death cross" formation. Tonight IBD is changing its market outlook to "market in correction. Carter Worth is predicting 1730 in S&P 500. So far we have corrected from highest point in history back in May 2015 to lowest point today by 255.51 points or 11.97%, quite steep in 4.5 months. I still do not see any buying interest as major players are in a wait & see mode. I switched from low quality to better quality stock, which is all one can do in uncertain times.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.57% to 2.64%.......
Indices are reacting negatively to new lower growth projection by IMF.....European market closed down 2.12% to 2.76%..DAX being the weakest @ 2.76%...
S&P 500 @ 1887.62, low 1880.38, high 1929.18 ( open )
Internals are negative by 6 to 1 in NYSE & 4 to 1 in Nasdaq
Oil Down $1.16
Gold Down $12.70
Canadian $ Down 36 tick @ 66.29..near 11 year low
VIX UP 16.13% @ 27.43
In my portfolio :
Sold RAD @ $6.17
Sold TSL @ $8.08
Added 50% BIDU @ $133.99
Portfolio BIDU CNQ FB LULU NXPI VDSI
Most stocks are lower
@ 2.55 following are green :
None.....in my watchlist
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1887.62, low 1880.38, high 1929.18 ( open )
Internals are negative by 6 to 1 in NYSE & 4 to 1 in Nasdaq
Oil Down $1.16
Gold Down $12.70
Canadian $ Down 36 tick @ 66.29..near 11 year low
VIX UP 16.13% @ 27.43
In my portfolio :
Sold RAD @ $6.17
Sold TSL @ $8.08
Added 50% BIDU @ $133.99
Portfolio BIDU CNQ FB LULU NXPI VDSI
Most stocks are lower
@ 2.55 following are green :
None.....in my watchlist
BLOG does NOT give buy or sell.
Saleem
Sunday, September 27, 2015
Why is market so troubled......
TAPE has been extremely erratic since August, nobody is able to figure this market.
Every good news is sold off and some bad news is bought.
Fed has joined the rank of explaining then doing the opposite, outside events does not impact Fed policy, now it does ?
Traders and High Frequency Traders are equally confused and are erratic in their decision making.
This TAPE has no directional leaning, it is hanging around @ lower level.
There are few signs of hope, but hope fades away very quickly.
S&P 500 is holding its support since 3rd week of August when it hit 1867.01, then in 4th week it made higher low @ 1903.07, again on September 24th it held 1908.92...so..in last 4 weeks we have made 2 higher lows..a sign of things, that it is not falling apart yet.....
Bulls and bears continues to give extremely bullish "contrary signal"
Currently Bulls are 26% & Bears 30.2%, a lead of bears by 4.2%......
Nasdaq has positive CMF still and Dow barely red......
All these indicators should work out in bulls favour, whether it does, its another story these days.....
Every market character is different, this one is extremely difficult as it does not have any buying support......
All one can do is monitor stocks closely and see which ones are behaving better......ones own analysis have very little meaning these days.
In conclusion, try to understand the TAPE which we got and try to work with it with extremely low expectations, take profit when it comes your way.
BLOG does NOT give buy or sell.
Saleem
Every good news is sold off and some bad news is bought.
Fed has joined the rank of explaining then doing the opposite, outside events does not impact Fed policy, now it does ?
Traders and High Frequency Traders are equally confused and are erratic in their decision making.
This TAPE has no directional leaning, it is hanging around @ lower level.
There are few signs of hope, but hope fades away very quickly.
S&P 500 is holding its support since 3rd week of August when it hit 1867.01, then in 4th week it made higher low @ 1903.07, again on September 24th it held 1908.92...so..in last 4 weeks we have made 2 higher lows..a sign of things, that it is not falling apart yet.....
Bulls and bears continues to give extremely bullish "contrary signal"
Currently Bulls are 26% & Bears 30.2%, a lead of bears by 4.2%......
Nasdaq has positive CMF still and Dow barely red......
All these indicators should work out in bulls favour, whether it does, its another story these days.....
Every market character is different, this one is extremely difficult as it does not have any buying support......
All one can do is monitor stocks closely and see which ones are behaving better......ones own analysis have very little meaning these days.
In conclusion, try to understand the TAPE which we got and try to work with it with extremely low expectations, take profit when it comes your way.
BLOG does NOT give buy or sell.
Saleem
Friday, September 25, 2015
Indices closed mixed......
Indices went UP sharply on good GDP data, but turned mixed on John Boehner resignation, as it adds to uncertainty in Washington.
S&P 500 @ 1931.34, low 1921.50, high 1952.89
RSI @ 41.11
CMF @ -0.046
Internals were :
Down volume led by 1.12 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.09 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 116 in NYSE & 126 in Nasdaq
VIX UP .64% @ 23.62
Oil @ $45.70
Gold @ $1145.60
Canadian $ 66.71
Stocks which closed green included :
BIDU CNQ NXPI TSL VDSI
LEN DNKN SU MA V C M CRUS
AMCC GMCR MCD AEM CCJ MGA
MS BRCM Z GS.....
Here is my weighting :
FB 23.99%
LULU 19.04%
BIDU 13.90%
NXPI 13.45%
VDSI 8.40%
CNQ 7.62%
RAD 7.56%
TSL 6.04%
Exposure 309%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1931.34, low 1921.50, high 1952.89
RSI @ 41.11
CMF @ -0.046
Internals were :
Down volume led by 1.12 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.09 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 116 in NYSE & 126 in Nasdaq
VIX UP .64% @ 23.62
Oil @ $45.70
Gold @ $1145.60
Canadian $ 66.71
Stocks which closed green included :
BIDU CNQ NXPI TSL VDSI
LEN DNKN SU MA V C M CRUS
AMCC GMCR MCD AEM CCJ MGA
MS BRCM Z GS.....
Here is my weighting :
FB 23.99%
LULU 19.04%
BIDU 13.90%
NXPI 13.45%
VDSI 8.40%
CNQ 7.62%
RAD 7.56%
TSL 6.04%
Exposure 309%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, September 24, 2015
Indices closed down .34% to .48%.....
Indices closed down.
S&P 500 @ 1932.24, low 1908.92, high 1937.17
RSI @ 41.25
CMF @ 0.035
Internals were :
Down volume led by 1.42 to 1 in NYSE & 1.32 to 1 in Nasdaq
Declining stocks led by 1.48 to 1 in NYSE & 1.46 to 1 in Nasdaq
Net new 52 wk lows were leading by 338 in NYSE & 158 in Nasdaq
VIX UP 6.06% @ 23.47
Oil @ $44.91
Gold @ $1153.80
AH ER....PIR Down 6.23%, NKE UP 8.34%, JBL UP 9.38%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continued its basing set up which includes testing & retesting of support and moving higher from support. IF TAPE gets this painful, it only means one thing, we are ready to move higher, TAPE gave this indication yesterday by closing substantially higher than low, but had to retest support today. Fed statement tonight was a rehash of many meetings, but Fed chief not feeling 100% got more coverage. As you may have noted, i was very comfortable with highest exposure, because, i have seen these painful bout in markets before, IF you show conviction near bottom, it gives very quick return.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1932.24, low 1908.92, high 1937.17
RSI @ 41.25
CMF @ 0.035
Internals were :
Down volume led by 1.42 to 1 in NYSE & 1.32 to 1 in Nasdaq
Declining stocks led by 1.48 to 1 in NYSE & 1.46 to 1 in Nasdaq
Net new 52 wk lows were leading by 338 in NYSE & 158 in Nasdaq
VIX UP 6.06% @ 23.47
Oil @ $44.91
Gold @ $1153.80
AH ER....PIR Down 6.23%, NKE UP 8.34%, JBL UP 9.38%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continued its basing set up which includes testing & retesting of support and moving higher from support. IF TAPE gets this painful, it only means one thing, we are ready to move higher, TAPE gave this indication yesterday by closing substantially higher than low, but had to retest support today. Fed statement tonight was a rehash of many meetings, but Fed chief not feeling 100% got more coverage. As you may have noted, i was very comfortable with highest exposure, because, i have seen these painful bout in markets before, IF you show conviction near bottom, it gives very quick return.
BLOG does NOT give buy or sell.
Saleem
Indices down .62% to .83%.....
Indices are lower but have erased 50% of earlier losses. US data was weaker than expected.
S&P 500 @ 1926.42, low 1908.92, high 1934.81 ( open )
Internals are negative by 2 to 1
Oil UP 26 cents
Gold UP $20.20
Canadian $ Down 13 tick @ 66.70
VIX UP 6.91% @ 23.66
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are lower
@ 2.37 following are green :
BIDU CNQ FB NXPI VDSI NFLX AMBA AAPL COH MU
GPRO TSLA SINA SU FFIV BABA FSLR HIMX LSCC
QIHU SBUX X STLD ABX GG AEM .....
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 1926.42, low 1908.92, high 1934.81 ( open )
Internals are negative by 2 to 1
Oil UP 26 cents
Gold UP $20.20
Canadian $ Down 13 tick @ 66.70
VIX UP 6.91% @ 23.66
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are lower
@ 2.37 following are green :
BIDU CNQ FB NXPI VDSI NFLX AMBA AAPL COH MU
GPRO TSLA SINA SU FFIV BABA FSLR HIMX LSCC
QIHU SBUX X STLD ABX GG AEM .....
BLOG does NOT give buy or sell
Saleem
Wednesday, September 23, 2015
Indices closed down .08% to .31%......
Indices closed down.
S&P 500 @ 1938.76, low 1932.57, high 1949.52
RSI @ 42.25
CMF @ 0.071
Internals were :
Down volume led by 2.28 to 1 in NYSE & 1.16 to 1 in Nasdaq
Declining stocks led by 1.43 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 220 in NYSE & 107 in Nasdaq
VIX Down 1.38% @ 22.13
Oil @ $44.48
Gold @ $1131.50
AH ER.. SNCR UP 6.12%, RGEN Down 6.57%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was sluggish again and zig zagged whole day. Close was respectable in many days, CMF improved further in all indices, a sign of better TAPE to come. I am more optimistic today, we may be ready for an oversold bounce. Fed policy and Chinese weakness have been analysed & reacted to the hilt already. It is a short term traders market and should be traded accordingly.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1938.76, low 1932.57, high 1949.52
RSI @ 42.25
CMF @ 0.071
Internals were :
Down volume led by 2.28 to 1 in NYSE & 1.16 to 1 in Nasdaq
Declining stocks led by 1.43 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 220 in NYSE & 107 in Nasdaq
VIX Down 1.38% @ 22.13
Oil @ $44.48
Gold @ $1131.50
AH ER.. SNCR UP 6.12%, RGEN Down 6.57%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was sluggish again and zig zagged whole day. Close was respectable in many days, CMF improved further in all indices, a sign of better TAPE to come. I am more optimistic today, we may be ready for an oversold bounce. Fed policy and Chinese weakness have been analysed & reacted to the hilt already. It is a short term traders market and should be traded accordingly.
BLOG does NOT give buy or sell.
Saleem
Indices down .13% to .36%.......
Indices are struggling going back and forth in positive negative mode.
S&P 500 @ 1938.40, low 1932.57, high 1949.52
Internals are negative
Oil Down $1.76
Gold UP $5.70
Canadian $ Down 59 tick @ 66.73
VIX Down 1.92% @ 22.01
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are down
@ 2.48 following are green :
FB GOOGL AAPL LEN DNKN CMG FFIV MA V
HIMX QIHU SPLK SBUX MCD DATA BRCM
MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1938.40, low 1932.57, high 1949.52
Internals are negative
Oil Down $1.76
Gold UP $5.70
Canadian $ Down 59 tick @ 66.73
VIX Down 1.92% @ 22.01
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are down
@ 2.48 following are green :
FB GOOGL AAPL LEN DNKN CMG FFIV MA V
HIMX QIHU SPLK SBUX MCD DATA BRCM
MLNX....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 22, 2015
Indices closed down 1.09% to 1.50%........
Indices closed down.
S&P 500 @ 1942.74, low 1929.22, high 1961.39
RSI @ 42.84
CMF @ 0.007..all indices are positive CMF as of tonight, Nasdaq being the highest ??????
Internals were :
Down volume led by 6.99 to 1 in NYSE & 4.17 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 3.38 to 1 in Nasdaq
Net new 52 wk lows were leading by 202 in NYSE & 104 in Nasdaq
VIX UP 11.42% @ 22.44
Oil @ $45.83
Gold @ $1124.80
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE worldwide was under severe selling pressure by close they were down in 3% range. US market fared much better and Nasdaq was the weakest @ 1.50%. Relative outperformance by US market is a very good indicator that we are not falling apart and have not taken any support level. Today's close was another higher lows compared to other 3 test of support. This TAPE is different which is not violating any support but remains weak. Maybe we have entered another sideways market like in 1970, where Dow went to 1000 and remained in a downtrend for many many years. It is definitely trading in a very narrow range which needs to be recognized by investors & traders. Have extremely short term trading strategy like daytrading may work better, until we get out of this malaise.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1942.74, low 1929.22, high 1961.39
RSI @ 42.84
CMF @ 0.007..all indices are positive CMF as of tonight, Nasdaq being the highest ??????
Internals were :
Down volume led by 6.99 to 1 in NYSE & 4.17 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 3.38 to 1 in Nasdaq
Net new 52 wk lows were leading by 202 in NYSE & 104 in Nasdaq
VIX UP 11.42% @ 22.44
Oil @ $45.83
Gold @ $1124.80
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE worldwide was under severe selling pressure by close they were down in 3% range. US market fared much better and Nasdaq was the weakest @ 1.50%. Relative outperformance by US market is a very good indicator that we are not falling apart and have not taken any support level. Today's close was another higher lows compared to other 3 test of support. This TAPE is different which is not violating any support but remains weak. Maybe we have entered another sideways market like in 1970, where Dow went to 1000 and remained in a downtrend for many many years. It is definitely trading in a very narrow range which needs to be recognized by investors & traders. Have extremely short term trading strategy like daytrading may work better, until we get out of this malaise.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.47% to 1.97%......
Indices are down from open as worldwide slump in equities takes hold, European exchanges closed down from 2.83% to 3.80%, DAX being the biggest loser thanks to VW.....
S&P 500 @ 1934.36, low 1929.22, high 1961.39 ( open )
Internals are negative by 4 to 1
Oil Down 85 cents
Gold Down $7.60
Canadian $ Down 5 tick @ 67.41
VIX UP 17.38% @ 23.64
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are down
@ 3.01 following are green :
LULU FIT GPRO Z....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1934.36, low 1929.22, high 1961.39 ( open )
Internals are negative by 4 to 1
Oil Down 85 cents
Gold Down $7.60
Canadian $ Down 5 tick @ 67.41
VIX UP 17.38% @ 23.64
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are down
@ 3.01 following are green :
LULU FIT GPRO Z....
BLOG does NOT give buy or sell.
Saleem
Monday, September 21, 2015
Indices closed UP .04% to .77%.....NICE !!!!
Indices closed UP.
S&P 500 @ 1966.97, high 1979.64, low 1955.80
RSI @ 46.50
CMF @ -0.027
Internals were :
UP volume led by 1.45 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.50 to 1 in NYSE & .86 to 1 in Nasdaq
Net 52 wk lows were leading by 62 in NYSE & 40 in Nasdaq
VIX Down 9.61% @ 20.14
Oil @ $46.68
Gold @ $1132.80
Stocks which were UP 1% or more included FB LULU TSL
YY YHOO TSLA PCLN AAPL MU JKS AMZN QIHU
SU V SPLK SBUX DATA GS......
AH ER..RHT UP .94%, LRCX UP 4.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE managed to close positive but internals were mixed. Many stocks are showing strength even in this volatile TAPE. There is no conviction in this TAPE, direction is indecisive. Stay with your core and high comfort stocks. Do not be afraid to book profit as soon its there. There is indecision in this TAPE still.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1966.97, high 1979.64, low 1955.80
RSI @ 46.50
CMF @ -0.027
Internals were :
UP volume led by 1.45 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.50 to 1 in NYSE & .86 to 1 in Nasdaq
Net 52 wk lows were leading by 62 in NYSE & 40 in Nasdaq
VIX Down 9.61% @ 20.14
Oil @ $46.68
Gold @ $1132.80
Stocks which were UP 1% or more included FB LULU TSL
YY YHOO TSLA PCLN AAPL MU JKS AMZN QIHU
SU V SPLK SBUX DATA GS......
AH ER..RHT UP .94%, LRCX UP 4.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE managed to close positive but internals were mixed. Many stocks are showing strength even in this volatile TAPE. There is no conviction in this TAPE, direction is indecisive. Stay with your core and high comfort stocks. Do not be afraid to book profit as soon its there. There is indecision in this TAPE still.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .23% to .85%....NICE !!!!
TAPE is back on track after initial burst, then pullback and now all green.
S&P 500 @ 1971.29, high 1979.64, low 1955.80
Internals are mixed
Oil UP $1.80
Gold Down $5.80
Canadian $ Down 2 tick @ 67.75
VIX Down 6.96% @ 20.73
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are UP
@ 2.59 following are red :
BIDU RAD VDSI NFLX AMBA FEYE LNKD BABA
TWTR FIT LVS GPRO LEN SINA YELP YNDX
X ABX SLW AEM CCJ WYNN AGU ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1971.29, high 1979.64, low 1955.80
Internals are mixed
Oil UP $1.80
Gold Down $5.80
Canadian $ Down 2 tick @ 67.75
VIX Down 6.96% @ 20.73
Portfolio BIDU CNQ FB LULU NXPI RAD TSL VDSI
Most stocks are UP
@ 2.59 following are red :
BIDU RAD VDSI NFLX AMBA FEYE LNKD BABA
TWTR FIT LVS GPRO LEN SINA YELP YNDX
X ABX SLW AEM CCJ WYNN AGU ....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 20, 2015
Worried about market ?
Whenever TAPE reacts to any event like Fed not raising rates, there is speculation about why that decision was taken, negative conclusion is rampant instead of seeing any positive.
There is an implication that Fed is seeing things or is aware of things which us mortal cannot comprehend.
Wall Street High Frequency Traders can create an environment through their proxies, that things must be really bad that even Fed is panicking.
Fed is known for prudent decision making process which generally does not suit some powerful traders, thus an effort to take advantage of void and make money.
I firmly believe that Fed does know what it is doing and they have stated clearly why this decision of not raising rates.
BUT that was not good enough for Thursday reversal and Friday's slump.......
Monday is another day and require clear headed analysis.....
IF we listen to technicians, we are headed lower to test 1867.01, which is 91.02 points away or 9.50% lower................
Let us say that for argument sake, that we may go there, but, does that mean all stocks will suffer ?
Answer to that question is a firm NO....
Instead of worrying about extremely short term market movements, we should focus on our own investing or trading strategy.....
Having your own conclusion about stocks direction is far more important than worrying about market direction.....
I do not know anyone who can call the direction of market...everyone is guessing and they are right only 10% of the time.....
Predicting market direction is a futile game.....
Have your own long term strategy with quality stocks, they generally go UP substantially over time.
Many stocks are defying market weakness, they are AMZN, GOOGL, FB, NXPI ......security stocks are starting to show life.....
It is important to find your own stocks which has good potential for the long term, energy stocks may be ripe for a sustained move.
YES...it gets difficult every so often, but there are opportunities for getting into strong stocks, which we all miss quite often.
Bottom line is, stop worrying about direction of market, instead focus on good stocks to buy, that is a time tested strategy which works over a long period of time.
Good luck with your analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
There is an implication that Fed is seeing things or is aware of things which us mortal cannot comprehend.
Wall Street High Frequency Traders can create an environment through their proxies, that things must be really bad that even Fed is panicking.
Fed is known for prudent decision making process which generally does not suit some powerful traders, thus an effort to take advantage of void and make money.
I firmly believe that Fed does know what it is doing and they have stated clearly why this decision of not raising rates.
BUT that was not good enough for Thursday reversal and Friday's slump.......
Monday is another day and require clear headed analysis.....
IF we listen to technicians, we are headed lower to test 1867.01, which is 91.02 points away or 9.50% lower................
Let us say that for argument sake, that we may go there, but, does that mean all stocks will suffer ?
Answer to that question is a firm NO....
Instead of worrying about extremely short term market movements, we should focus on our own investing or trading strategy.....
Having your own conclusion about stocks direction is far more important than worrying about market direction.....
I do not know anyone who can call the direction of market...everyone is guessing and they are right only 10% of the time.....
Predicting market direction is a futile game.....
Have your own long term strategy with quality stocks, they generally go UP substantially over time.
Many stocks are defying market weakness, they are AMZN, GOOGL, FB, NXPI ......security stocks are starting to show life.....
It is important to find your own stocks which has good potential for the long term, energy stocks may be ripe for a sustained move.
YES...it gets difficult every so often, but there are opportunities for getting into strong stocks, which we all miss quite often.
Bottom line is, stop worrying about direction of market, instead focus on good stocks to buy, that is a time tested strategy which works over a long period of time.
Good luck with your analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, September 18, 2015
Indices closed down 1.36% to 1.74%.....
TAPE was under selling pressure from Europe to USA, indices closed near low of the day. Quad witching played a major role in this slump.
S&P 500 @ 1958.07, low 1953.45, high 1989.66
RSI @ 44.89
CMF @ -0.083
Internals were :
Down volume led by 6.17 to 1 in NYSE & 4.00 to 1 in Nasdaq
Declining stocks led by 2.31 to 1 in NYSE & 1.72 to 1 in Nasdaq
Net new 52 wk lows were leading by 93 in NYSE & 15 in Nasdaq
VIX UP 5.39% @ 22.28
Oil @ $44.68
Gold @ $1137.80
Canadian $ @67.67
In my portfolio :
Sold FIT @ $41.90
Bought BIDU @ $144.99
Stocks which closed green included FB VDSI FIT
FEYE YY LNKD TWTR AMZN SINA AEM
Z......
Here is my weighting :
FB 23.62%
LULU 18.54%
BIDU 14.28%
NXPI 13.53%
VDSI 8.39%
RAD 8.08%
CNQ 7.68%
TSL 5.88%
Exposure 309%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1958.07, low 1953.45, high 1989.66
RSI @ 44.89
CMF @ -0.083
Internals were :
Down volume led by 6.17 to 1 in NYSE & 4.00 to 1 in Nasdaq
Declining stocks led by 2.31 to 1 in NYSE & 1.72 to 1 in Nasdaq
Net new 52 wk lows were leading by 93 in NYSE & 15 in Nasdaq
VIX UP 5.39% @ 22.28
Oil @ $44.68
Gold @ $1137.80
Canadian $ @67.67
In my portfolio :
Sold FIT @ $41.90
Bought BIDU @ $144.99
Stocks which closed green included FB VDSI FIT
FEYE YY LNKD TWTR AMZN SINA AEM
Z......
Here is my weighting :
FB 23.62%
LULU 18.54%
BIDU 14.28%
NXPI 13.53%
VDSI 8.39%
RAD 8.08%
CNQ 7.68%
TSL 5.88%
Exposure 309%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, September 17, 2015
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 1990.20, low 1986.73, high 2020.86
RSI @ 49.92
CMF @ -0.080
Internals were :
UP volume led by .88 to 1 in NYSE & 1.07 to 1 in Nasdaq
Advancing stocks led by 1.55 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 32 in Nasdaq
VIX Down .98% @ 21.14
Oil @ $46.90
Gold @ $1117.00
Stocks which closed green included FB FIT VDSI
AMBA FEYE GOOGL SWIR GPRO LEN JKS
CSIQ AMZN EXPE SU MA HIMX LSCC
QIHU AAL ABX SLW GG AEM Z......
AH ER..ADBE Down 2.03%, TXN UP 1.18%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed action surprised majority of predictors, most were positioned for an increase and were positioned for a market slump, High Frequency traders even wrong, but had the muscle to bring the market in their direction, thus a mixed close. Tonight IBD is changing its market outlook to "uptrend under pressure". I expect TAPE to be positive by close on Friday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1990.20, low 1986.73, high 2020.86
RSI @ 49.92
CMF @ -0.080
Internals were :
UP volume led by .88 to 1 in NYSE & 1.07 to 1 in Nasdaq
Advancing stocks led by 1.55 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 32 in Nasdaq
VIX Down .98% @ 21.14
Oil @ $46.90
Gold @ $1117.00
Stocks which closed green included FB FIT VDSI
AMBA FEYE GOOGL SWIR GPRO LEN JKS
CSIQ AMZN EXPE SU MA HIMX LSCC
QIHU AAL ABX SLW GG AEM Z......
AH ER..ADBE Down 2.03%, TXN UP 1.18%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Fed action surprised majority of predictors, most were positioned for an increase and were positioned for a market slump, High Frequency traders even wrong, but had the muscle to bring the market in their direction, thus a mixed close. Tonight IBD is changing its market outlook to "uptrend under pressure". I expect TAPE to be positive by close on Friday.
BLOG does NOT give buy or sell.
Saleem
Indices UP .08% to .47%.....NICE !!!!
Indices are UP on Fed decision to leave interest rate unchanged.
S&P 500 @ 2002.64, high 2008.33, low 1987.99
Internals are positive
Oil Down 21 cents
Gold UP $9.10
Canadian $ UP 55 tick @ 68.87
VIX Down 8.76% @ 19.48
In my portfolio :
Added 300% CNQ @ $20.96
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
Most stocks are UP.
RAD ER was a miss and guide down.
@ 2.38 following are red :
LULU RAD YY YHOO BIDU AAPL BABA TWTR
MU LVS SINA EBAY FFIV YELP FSLR YNDX
CRUS SNDK FNSR C M GMCR SPLK MCD
CCJ DATA MS WYNN GS AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2002.64, high 2008.33, low 1987.99
Internals are positive
Oil Down 21 cents
Gold UP $9.10
Canadian $ UP 55 tick @ 68.87
VIX Down 8.76% @ 19.48
In my portfolio :
Added 300% CNQ @ $20.96
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
Most stocks are UP.
RAD ER was a miss and guide down.
@ 2.38 following are red :
LULU RAD YY YHOO BIDU AAPL BABA TWTR
MU LVS SINA EBAY FFIV YELP FSLR YNDX
CRUS SNDK FNSR C M GMCR SPLK MCD
CCJ DATA MS WYNN GS AGU.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 16, 2015
Indices closed UP .59% to .87%....NICE !!!!
Indices closed UP.
S&P 500 @ 1995.31, high 1997.26, low 1977.93
RSI @ 50.76
CMF @ -0.053
Internals were :
UP volume led by 9.24 to 1 in NYSE & 2.87 to 1 in Nasdaq
Advancing stocks led by 3.34 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk lows were leading by 18 in NYSE & 1 in Nasdaq
VIX Down 5.28% @ 21.35
Oil @ $47.15
Gold @ $1119.00
Stocks which were UP 2% + CNQ FIT LULU TSL
NFLX YY BIDU TSLA BABA SWIR TWTR
LVS WYNN GPRO JKS CSIQ FSLR SU
SPWR SINA EXPE EBAY YNDX
HIMX FNSR QIHU GMCR
ABX SLW GG AEM
MGA......
AH ER..ORCL Down 1.38%
AH futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continued its strong run by closing UP again and near high of the day. 2.15 PM we will get verdict of yes or no on interest rate going up. Many pundits are predicting that only interest rate will go up but we will see a sharp retracement in indices lasting several days, i wish i could buy into that reliable crystal ball. IF Fed increases rate by anticipated .25%, there will be usual yoyo movement after announcement, but by close or maximum Friday open upon rethink, we should be back on track for further move up in indices.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1995.31, high 1997.26, low 1977.93
RSI @ 50.76
CMF @ -0.053
Internals were :
UP volume led by 9.24 to 1 in NYSE & 2.87 to 1 in Nasdaq
Advancing stocks led by 3.34 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk lows were leading by 18 in NYSE & 1 in Nasdaq
VIX Down 5.28% @ 21.35
Oil @ $47.15
Gold @ $1119.00
Stocks which were UP 2% + CNQ FIT LULU TSL
NFLX YY BIDU TSLA BABA SWIR TWTR
LVS WYNN GPRO JKS CSIQ FSLR SU
SPWR SINA EXPE EBAY YNDX
HIMX FNSR QIHU GMCR
ABX SLW GG AEM
MGA......
AH ER..ORCL Down 1.38%
AH futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continued its strong run by closing UP again and near high of the day. 2.15 PM we will get verdict of yes or no on interest rate going up. Many pundits are predicting that only interest rate will go up but we will see a sharp retracement in indices lasting several days, i wish i could buy into that reliable crystal ball. IF Fed increases rate by anticipated .25%, there will be usual yoyo movement after announcement, but by close or maximum Friday open upon rethink, we should be back on track for further move up in indices.
BLOG does NOT give buy or sell.
Saleem
Indices UP .25% to .56%....NICE !!!!
Indices are higher as world markets closed higher.
S&P 500 @ 1988.05, high 1993.99, low 1977.93
Internals are positive
Oil UP $2.32
Gold UP $17.40
Canadian $ UP 68 tick @ 68.22
VIX Down 1.77% @ 22.14
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
RAD reports before open on Thursday, here are the expectations :
Q2 Sales $7.57 billion, EPS 4 cents
Q3 guidance $8.21 billion, EPS 7 cents
I am expecting in-line result and guidance may be tinkered lower.....
Most stocks are UP
@ 2.23 following are red :
NXPI VDSI AMBA FEYE PCLN GOOGL AAPL TWTR
MU LEN CMG CRUS SNDK SPLK DATA CSOD
BRCM Z TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1988.05, high 1993.99, low 1977.93
Internals are positive
Oil UP $2.32
Gold UP $17.40
Canadian $ UP 68 tick @ 68.22
VIX Down 1.77% @ 22.14
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
RAD reports before open on Thursday, here are the expectations :
Q2 Sales $7.57 billion, EPS 4 cents
Q3 guidance $8.21 billion, EPS 7 cents
I am expecting in-line result and guidance may be tinkered lower.....
Most stocks are UP
@ 2.23 following are red :
NXPI VDSI AMBA FEYE PCLN GOOGL AAPL TWTR
MU LEN CMG CRUS SNDK SPLK DATA CSOD
BRCM Z TRIP.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 15, 2015
Indices closed UP 1.14% to 1.40%....NICE !!!!
Indices closed UP.
S&P 500 @ 1978.09, high 1983.19, low 1954.30
RSI @ 48.03%
CMF @ -0.100
Internals were :
UP volume led by 4.56 to 1 in NYSE & 4.12 to 1 in Nasdaq
Advancing stocks led by 2.30 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 61 in NYSE & 26 in Nasdaq
Oil @ $44.59
Gold @ $1102.60
Stocks which were UP 1% or more included FIT TSL VDSI
NFLX AMBA YHOO PCLN GOOGL BABA SWIR LVS
TWTR COH GPRO JKS CSIQ EXPE YUM MA SPWR
YNDX HIMX CIEN C SBUX MCD SLW CCJ MS
CSOD MGA BRCM Z WYNN AGU TRIP
YELP MLNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong today with internals improving. TAPE is still in hedge funds game plan which changes daily, tomorrow may be different TAPE. Keep an eye on your own portfolio to assess their strength or weakness. There is rotation going on even in this sloppy TAPE. Wednesday may be another anticipate the Fed decision on Thursday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1978.09, high 1983.19, low 1954.30
RSI @ 48.03%
CMF @ -0.100
Internals were :
UP volume led by 4.56 to 1 in NYSE & 4.12 to 1 in Nasdaq
Advancing stocks led by 2.30 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 61 in NYSE & 26 in Nasdaq
Oil @ $44.59
Gold @ $1102.60
Stocks which were UP 1% or more included FIT TSL VDSI
NFLX AMBA YHOO PCLN GOOGL BABA SWIR LVS
TWTR COH GPRO JKS CSIQ EXPE YUM MA SPWR
YNDX HIMX CIEN C SBUX MCD SLW CCJ MS
CSOD MGA BRCM Z WYNN AGU TRIP
YELP MLNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong today with internals improving. TAPE is still in hedge funds game plan which changes daily, tomorrow may be different TAPE. Keep an eye on your own portfolio to assess their strength or weakness. There is rotation going on even in this sloppy TAPE. Wednesday may be another anticipate the Fed decision on Thursday.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.09% to 1.35%....NICE !!!!
Shanghai closed down 3.55% and we are nicely UP.
S&P 500 @ 1977.66, high 1979.70, low 1954.30
Internals are positive by 2 to 1
Oil UP 26 cents
Gold Down $4.20
Canadian $ UP 2 tick @ 67.41
VIX Down 6.19% @ 22.75
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
Most stocks are UP
@ 2.27 following are red :
LULU FEYE BIDU MU LEN DNKN SU CRUS
LSCC QIHU M GMCR SPLK DATA......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1977.66, high 1979.70, low 1954.30
Internals are positive by 2 to 1
Oil UP 26 cents
Gold Down $4.20
Canadian $ UP 2 tick @ 67.41
VIX Down 6.19% @ 22.75
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
Most stocks are UP
@ 2.27 following are red :
LULU FEYE BIDU MU LEN DNKN SU CRUS
LSCC QIHU M GMCR SPLK DATA......
BLOG does NOT give buy or sell.
Saleem
Monday, September 14, 2015
Indices closed down .34% to .41%.....
Indices closed lower.
S&P 500 @ 1953.01, low 1948.27, high 1963.06
RSI @ 43.81
CMF @ -0.096
Internals were :
Down volume led by 2.05 to 1 in NYSE & 1.70 to 1 in Nasdaq
Declining stocks led by 2.10 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk lows were leading by 96 in NYSE & 24 in Nasdaq
VIX UP 4.53% @ 24.25
Oil @ $44.00
Gold @ $1107.70
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE participated in wait & see game of Fed raising interest rate or not. Many traders and funds are on the sidelines until then. Currently is a good buying opportunity before market takes off. Many stocks are stable to slightly UP on most days and are showing good relative strength, pay attention to strong stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1953.01, low 1948.27, high 1963.06
RSI @ 43.81
CMF @ -0.096
Internals were :
Down volume led by 2.05 to 1 in NYSE & 1.70 to 1 in Nasdaq
Declining stocks led by 2.10 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk lows were leading by 96 in NYSE & 24 in Nasdaq
VIX UP 4.53% @ 24.25
Oil @ $44.00
Gold @ $1107.70
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE participated in wait & see game of Fed raising interest rate or not. Many traders and funds are on the sidelines until then. Currently is a good buying opportunity before market takes off. Many stocks are stable to slightly UP on most days and are showing good relative strength, pay attention to strong stocks.
BLOG does NOT give buy or sell.
Saleem
Indices down .36% to .45%......
Indices are slightly lower as many participant are in a "wait for Fed move"
S&P 500 @ 1951.94, low 1948.27, high 1963.06
Internals are negative by almost 2 to 1
Oil Down 65 cents
Gold UP $4.20
Canadian $ Down 8 tick @ 67.32
VIX UP 5.69% @ 24.52
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
Most stocks are down
@ 2.29 following are green :
FB NXPI AMBA TSLA AAPL GPRO YNDX CRUS
Z TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1951.94, low 1948.27, high 1963.06
Internals are negative by almost 2 to 1
Oil Down 65 cents
Gold UP $4.20
Canadian $ Down 8 tick @ 67.32
VIX UP 5.69% @ 24.52
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
Most stocks are down
@ 2.29 following are green :
FB NXPI AMBA TSLA AAPL GPRO YNDX CRUS
Z TRIP......
BLOG does NOT give buy or sell.
Saleem
Sunday, September 13, 2015
Fed all set to raise rates & markets will ?
Last 6 weeks have been the steepest slump in S&P 500 in a long time, we lost 265.81 points or 12.46% from 2nd week in July to 3rd week in August.....
In the last 12 trading days we have recovered 94.04 points or 5.04% to close @ 1961.05 from low of 1867.01.....
Many traders are wondering, IF we are headed back to test lows and go sharply under as predicted by technicians & big time hedge fund manager......
Reason for above slump is known to all China, China ,China......
Chinese economy is taking a swift dive from super growth rate of 12% in 2008 to current 6%.....
It IS important to analyse how huge economies like China operate, it is shifting from export oriented to consumption oriented, they are no longer the cheapest place to manufacture goods, it could be Vietnam now......
I do not believe that 6% growth rate is bad @ all, it is among the highest in first world countries, India is growing @ 5%+, US 3%+ & Europe coming out of major slump.
Canada & Australia hurting badly due to commodities slump.
SO..we have gone through many months of discounting Chinese growth issue and Fed intention of raising interest rate......
This week we may see the climactic resolution of interest rate debate, which may result in .25% raising of interest rates.....
Now the next debate is how the market will react to interest rate hike, most common conclusion is,that we go down to test lows and undercut recent lows.....
The trouble with technicians, pundits and hedge fund genius is, that they are only right 50% of the time, a law of Wall Street to teach humility and allows for backtracking or Monday morning quarter backing.
I personally believe that we have more than discounted Chinese sluggish growth & Fed interest rate uptick, there may be knee jerk reaction to these news, but we are on firmer ground, technically speaking, so may withstand these mini shocks easily.
On the sentiment side, after a long long time, i am seeing extreme negativity, bulls are 25.7% and bears are 27.9%....this tilt in bears on the lead by 2.2% is extremely good news for "contrary reaction "
All in all, i will not be surprised, IF we see a major move UP in indices this week.
BLOG does NOT give buy or sell.
Saleem
In the last 12 trading days we have recovered 94.04 points or 5.04% to close @ 1961.05 from low of 1867.01.....
Many traders are wondering, IF we are headed back to test lows and go sharply under as predicted by technicians & big time hedge fund manager......
Reason for above slump is known to all China, China ,China......
Chinese economy is taking a swift dive from super growth rate of 12% in 2008 to current 6%.....
It IS important to analyse how huge economies like China operate, it is shifting from export oriented to consumption oriented, they are no longer the cheapest place to manufacture goods, it could be Vietnam now......
I do not believe that 6% growth rate is bad @ all, it is among the highest in first world countries, India is growing @ 5%+, US 3%+ & Europe coming out of major slump.
Canada & Australia hurting badly due to commodities slump.
SO..we have gone through many months of discounting Chinese growth issue and Fed intention of raising interest rate......
This week we may see the climactic resolution of interest rate debate, which may result in .25% raising of interest rates.....
Now the next debate is how the market will react to interest rate hike, most common conclusion is,that we go down to test lows and undercut recent lows.....
The trouble with technicians, pundits and hedge fund genius is, that they are only right 50% of the time, a law of Wall Street to teach humility and allows for backtracking or Monday morning quarter backing.
I personally believe that we have more than discounted Chinese sluggish growth & Fed interest rate uptick, there may be knee jerk reaction to these news, but we are on firmer ground, technically speaking, so may withstand these mini shocks easily.
On the sentiment side, after a long long time, i am seeing extreme negativity, bulls are 25.7% and bears are 27.9%....this tilt in bears on the lead by 2.2% is extremely good news for "contrary reaction "
All in all, i will not be surprised, IF we see a major move UP in indices this week.
BLOG does NOT give buy or sell.
Saleem
Friday, September 11, 2015
Indices closed UP .45% to .63%.....NICE !!!!
Indices closed @ highest point of the day.
S&P 500 @ 1961.05, high 1961.05, low 1939.19
RSI @ 44.89
CMF @ -0.058
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 1.14 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk lows were leading by 125 in NYSE & 48 in Nasdaq
VIX Down 4.80% @ 23.20
Oil @ $44.63
Gold @ $1103.30
Canadian $ @ 67.40
Stocks which closed UP 1% or more NXPI RAD VDSI
YY LNKD AAPL BABA JKS AMZN SINA YUM
MA FSLR AAL SBUX MCD ABX SLW AEM
MGA BRCM Z MLNX.....
Here is my weighting :
FB 26.22%
LULU 21.54%
NXPI 15.11%
RAD 10.54%
VDSI 8.69%
FIT 8.31%
TSL 6.75%
CNQ 2.84%
Exposure 295%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1961.05, high 1961.05, low 1939.19
RSI @ 44.89
CMF @ -0.058
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 1.14 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk lows were leading by 125 in NYSE & 48 in Nasdaq
VIX Down 4.80% @ 23.20
Oil @ $44.63
Gold @ $1103.30
Canadian $ @ 67.40
Stocks which closed UP 1% or more NXPI RAD VDSI
YY LNKD AAPL BABA JKS AMZN SINA YUM
MA FSLR AAL SBUX MCD ABX SLW AEM
MGA BRCM Z MLNX.....
Here is my weighting :
FB 26.22%
LULU 21.54%
NXPI 15.11%
RAD 10.54%
VDSI 8.69%
FIT 8.31%
TSL 6.75%
CNQ 2.84%
Exposure 295%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, September 10, 2015
Indices closed UP .47% to 84%....NICE !!!!
Indices closed UP.
S&P 500 @ 1952.28, high 1965.29, low 1937.19
RSI @ 43.47
CMF @ -0.105
Internals were :
UP volume led by 1.46 to 1 in NYSE & 2.04 to 1 in Nasdaq
Advancing stocks led by 1.16 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk lows were leading by 105 in NYSE & 31 in Nasdaq
VIX Down 7.09% @ 24.37
Oil @ $45.92
Gold @ $1109.30
Stocks which were UP 1%+ CNQ FB RAD VDSI
AMBA LNKD GOOGL AAPL SWIR TWTR
COH MU JKS AMZN EXPE YELP FSLR
YNDX FNSR GMCR SPLK SBUX
AEM CSOD BRCM Z.....
AH ER...FNSR Down 10.53%, ZUMZ Down 20.31%
PFPT UP 8.66%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE braved lowest jobless data, plus super bearish comments from David Tepper who is looking for 20% correction and Carter Worth looking for 1800 in S&P 500. Market has learned to do their own things despite bear parade. TAPE may have finished discounting Fed rate hike and it may be "buy the news". Stay with your best ideas with conviction and patience.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1952.28, high 1965.29, low 1937.19
RSI @ 43.47
CMF @ -0.105
Internals were :
UP volume led by 1.46 to 1 in NYSE & 2.04 to 1 in Nasdaq
Advancing stocks led by 1.16 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk lows were leading by 105 in NYSE & 31 in Nasdaq
VIX Down 7.09% @ 24.37
Oil @ $45.92
Gold @ $1109.30
Stocks which were UP 1%+ CNQ FB RAD VDSI
AMBA LNKD GOOGL AAPL SWIR TWTR
COH MU JKS AMZN EXPE YELP FSLR
YNDX FNSR GMCR SPLK SBUX
AEM CSOD BRCM Z.....
AH ER...FNSR Down 10.53%, ZUMZ Down 20.31%
PFPT UP 8.66%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE braved lowest jobless data, plus super bearish comments from David Tepper who is looking for 20% correction and Carter Worth looking for 1800 in S&P 500. Market has learned to do their own things despite bear parade. TAPE may have finished discounting Fed rate hike and it may be "buy the news". Stay with your best ideas with conviction and patience.
BLOG does NOT give buy or sell.
Saleem
Indices UP .91% to 1.14%.....NICE !!!!
Indices are UP after being lower.
S&P 500 @ 1959.28, high 1965.29, low 1937.19
Internals are positive
Oil UP $1.65
Gold UP $8.00
Canadian $ UP 63 tick @ 68.08
VIX Down 5.03% @ 24.91
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
LULU earning report for Q2 was a beat but its guidance for Q3 although higher in Sales but lower EPS due to margin pressure. Inventory is also an issue, stock is being punished down 16.10%. I see those issues as temporary and should go away by end of current Q.
Most stocks are UP
@ 2.53 following are red :
FIT LULU NXPI NFLX FEYE YHOO BIDU BABA
LVS LEN SINA DNKN YUM SPWR CRUS
CIEN QIHU AMCC M X STLD CCJ
WYNN MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1959.28, high 1965.29, low 1937.19
Internals are positive
Oil UP $1.65
Gold UP $8.00
Canadian $ UP 63 tick @ 68.08
VIX Down 5.03% @ 24.91
Portfolio CNQ FB FIT LULU NXPI RAD TSL VDSI
LULU earning report for Q2 was a beat but its guidance for Q3 although higher in Sales but lower EPS due to margin pressure. Inventory is also an issue, stock is being punished down 16.10%. I see those issues as temporary and should go away by end of current Q.
Most stocks are UP
@ 2.53 following are red :
FIT LULU NXPI NFLX FEYE YHOO BIDU BABA
LVS LEN SINA DNKN YUM SPWR CRUS
CIEN QIHU AMCC M X STLD CCJ
WYNN MLNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 9, 2015
Indices closed down 1.15% to 1.45%.....
Indices closed down
S&P 500 @ 1942.04, low 1937.88, high 1988.63
RSI @ 41.85
CMF @ -0.067
Internals were :
Down volume led by 6.38 to 1 in NYSE & 3.33 to 1 in Nasdaq
Declining stocks led by 3.09 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 8 in Nasdaq
VIX UP 5.34% @ 26.23
Oil @ $44.15
Gold @ $1102.00
In my portfolio :
Sold GPRO @ $33.90
Bought NXPI @ $88.93
AH ER...PANW UP 4.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, tonight IBD has changed its market outlook to "uptrend under pressure" TAPE did a nasty reversal which is not good for building confidence in this market. This TAPE is becoming extremely selective, so it is important to look for winners, also pronounced weakness to be sold.
Hopefully we can find footing on Thursday to build upon. Patience and conviction are heavily in demand to cope with this volatility.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1942.04, low 1937.88, high 1988.63
RSI @ 41.85
CMF @ -0.067
Internals were :
Down volume led by 6.38 to 1 in NYSE & 3.33 to 1 in Nasdaq
Declining stocks led by 3.09 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 8 in Nasdaq
VIX UP 5.34% @ 26.23
Oil @ $44.15
Gold @ $1102.00
In my portfolio :
Sold GPRO @ $33.90
Bought NXPI @ $88.93
AH ER...PANW UP 4.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, tonight IBD has changed its market outlook to "uptrend under pressure" TAPE did a nasty reversal which is not good for building confidence in this market. This TAPE is becoming extremely selective, so it is important to look for winners, also pronounced weakness to be sold.
Hopefully we can find footing on Thursday to build upon. Patience and conviction are heavily in demand to cope with this volatility.
BLOG does NOT give buy or sell.
Saleem
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