Indices closed @ low of the day, October was a pretty good month and this week was also positive.
S&P 500 @ 2079.36, low 2079.34, high 2094.32
RSI @ 64.54
CMF @ 0.279
Down volume led by 1.20 to 1 in NYSE & 1.47 to 1 in Nasdaq
Declining stocks led by .85 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 20 in NYSE & lows by 28 in Nasdaq
VIX UP 3.15% @ 15.07
Oil @ $46.59
Gold @ $1141.40
Canadian $ @ 69.33
In my portfolio :
Bought CY @ $10.14
Stocks UP 2% or more included CY FIT NFLX VDSI
LNKD BIDU PCLN MU NXPI SINA EXPE FSLR
YNDX LSCC M X DATA CSOD TRIP......
Here is my weighting :
FB 26.99%
LULU 18.22%
CNQ 15.36%
VDSI 14.09%
FIT 11.80%
CY 7.81%
NFLX 5.73%
Exposure 307%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, October 30, 2015
Thursday, October 29, 2015
Indices closed down .04% to .42%......
Indices closed down.
S&P 500 @ 2089.41, low 2082.63, high 2092.52
RSI @ 68.01
CMF @ 0.391
Internals were :
Down volume led by 1.76 to 1 in NYSE & 2.26 to 1 in Nasdaq
Declining stocks led by 1.56 to 1 in NYSE & 1.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 37 in NYSE & 23 in Nasdaq
VIX UP 1.95% @ 14.61
Oil @ $46.06
Gold @ $1147.30
AH ER.....EXPE UP 6.49%, BIDU UP 6.84%
LNKD UP 12.40%, FSLR UP 12.90%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing near upper end of the range, even though all indices were down @ close. Based on good earnings report tonight, we should have a strong close, any buying should be done @ open to benefit from higher prices @ close. Yes some earnings reports are discouraging but it is important to regroup and look for opportunity even in the bargain bin.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2089.41, low 2082.63, high 2092.52
RSI @ 68.01
CMF @ 0.391
Internals were :
Down volume led by 1.76 to 1 in NYSE & 2.26 to 1 in Nasdaq
Declining stocks led by 1.56 to 1 in NYSE & 1.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 37 in NYSE & 23 in Nasdaq
VIX UP 1.95% @ 14.61
Oil @ $46.06
Gold @ $1147.30
AH ER.....EXPE UP 6.49%, BIDU UP 6.84%
LNKD UP 12.40%, FSLR UP 12.90%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing near upper end of the range, even though all indices were down @ close. Based on good earnings report tonight, we should have a strong close, any buying should be done @ open to benefit from higher prices @ close. Yes some earnings reports are discouraging but it is important to regroup and look for opportunity even in the bargain bin.
BLOG does NOT give buy or sell.
Saleem
Indices down .16% to .46%.......
Indices are lower on profit taking.
S&P 500 @ 2086.39, low 2082.63, high 2089.83
Internals are negative by almost 2 to 1
Oil UP 1 cent
Gold Down $29.70
Canadian $ UP 34 tick @ 68.44
VIX UP 2.65% @ 14.71
In my portfolio:
Sold NXPI @ $78.50
Portfolio CNQ FB FIT LULU NFLX VDSI
Most stocks are lower
@ 2.55 following are green :
FB AMZN GOOGL AAPL LNKD PCLN SWIR
LVS EXPE SU MA YELP SPWR X ABX
AEM MS WYNN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2086.39, low 2082.63, high 2089.83
Internals are negative by almost 2 to 1
Oil UP 1 cent
Gold Down $29.70
Canadian $ UP 34 tick @ 68.44
VIX UP 2.65% @ 14.71
In my portfolio:
Sold NXPI @ $78.50
Portfolio CNQ FB FIT LULU NFLX VDSI
Most stocks are lower
@ 2.55 following are green :
FB AMZN GOOGL AAPL LNKD PCLN SWIR
LVS EXPE SU MA YELP SPWR X ABX
AEM MS WYNN.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 28, 2015
Indices closed UP 1.13% to 1.30%....NICE !!!!
Indices closed UP.
S&P 500 @ 2090.35, high 2090.35, low 2063.11
RSI @ 68.33
CMF @ 0.410
Internals were :
UP volume led by 3.63 to 1 in NYSE & 4.70 to 1 in Nasdaq
Advancing stocks led by 3.74 to 1 in NYSE & 3.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 54 in NYSE & 71 in Nasdaq
VIX Down 7.13% @ 14.33
Oil @ $45.94
Gold @ $1176.10
Stocks which were UP 2% ++++ included CNQ FIT NFLX VDSI
AAPL SWIR TSL BABA FEYE GPRO JKS CSIQ FSLR SPWR
YHOO SINA DNKN SU YNDX CRUS LSCC CIEN FNSR
C QIHU GMCR SPLK X CCJ DATA CSOD MGA MS
GS BRCM WYNN......
AH ER.....SPWR UP 6.21%, CRUS UP 4.21%
BWLD Down 14.03%, GPRO Down 17.41%
NXPI reported @ 8.03 PM, here are the details :
Q3 Sales expected $1.55 billion, actual $1.52 billion, miss by $30 million
Q3 EPS expected $1.50, actual $1.57, a beat by 7 cents
Q4 expectations Sales $1.58 billion, guidance $1.52 billion, a miss by $60 million
Margin improved & staying @ 49.1% thus a beat in Q3......
Conference call @ 8AM......
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was very strong and closed @ absolute highest point in S&P 500 & Nasdaq, Dow missed by few ticks.Internals were super strong. Earnings are mixed tonight and may affect Thursday's trade. TAPE may need some rest here to find its support.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.35, high 2090.35, low 2063.11
RSI @ 68.33
CMF @ 0.410
Internals were :
UP volume led by 3.63 to 1 in NYSE & 4.70 to 1 in Nasdaq
Advancing stocks led by 3.74 to 1 in NYSE & 3.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 54 in NYSE & 71 in Nasdaq
VIX Down 7.13% @ 14.33
Oil @ $45.94
Gold @ $1176.10
Stocks which were UP 2% ++++ included CNQ FIT NFLX VDSI
AAPL SWIR TSL BABA FEYE GPRO JKS CSIQ FSLR SPWR
YHOO SINA DNKN SU YNDX CRUS LSCC CIEN FNSR
C QIHU GMCR SPLK X CCJ DATA CSOD MGA MS
GS BRCM WYNN......
AH ER.....SPWR UP 6.21%, CRUS UP 4.21%
BWLD Down 14.03%, GPRO Down 17.41%
NXPI reported @ 8.03 PM, here are the details :
Q3 Sales expected $1.55 billion, actual $1.52 billion, miss by $30 million
Q3 EPS expected $1.50, actual $1.57, a beat by 7 cents
Q4 expectations Sales $1.58 billion, guidance $1.52 billion, a miss by $60 million
Margin improved & staying @ 49.1% thus a beat in Q3......
Conference call @ 8AM......
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was very strong and closed @ absolute highest point in S&P 500 & Nasdaq, Dow missed by few ticks.Internals were super strong. Earnings are mixed tonight and may affect Thursday's trade. TAPE may need some rest here to find its support.
BLOG does NOT give buy or sell.
Saleem
Indices UP .04% to .11%....NICE !!!!
Indices were much higher but lost its mojo after Fed statement, no interest rate hike maybe in November or later.....
S&P 500 @ 2069.18, high 2084.52, low 2063.11
Internals are positive by almost 2 to 1
Oil UP $2.47
Gold Down $3.00
Canadian $ UP 75 tick @ 68.12
VIX Down 2.59% @ 15.03
Portfolio CNQ FB FIT LULU NXPI NFLX VDSI
Most stocks are UP
@ 2.30 following are red :
PCLN GOOGL TWTR BIDU RAD COH LEN
EXPE CMG YUM YELP AAL GG AEM
Z TRIP.....
After 8 PM NXPI reports, cc in the morning @ 8AM
Here are the expectations :
Q3 Sales $1.55 billion, EPS $1.50
Q4 guidance Sales $1.58 billion, EPS $1.52
Expecting a minor beat as margin are gradually improving.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2069.18, high 2084.52, low 2063.11
Internals are positive by almost 2 to 1
Oil UP $2.47
Gold Down $3.00
Canadian $ UP 75 tick @ 68.12
VIX Down 2.59% @ 15.03
Portfolio CNQ FB FIT LULU NXPI NFLX VDSI
Most stocks are UP
@ 2.30 following are red :
PCLN GOOGL TWTR BIDU RAD COH LEN
EXPE CMG YUM YELP AAL GG AEM
Z TRIP.....
After 8 PM NXPI reports, cc in the morning @ 8AM
Here are the expectations :
Q3 Sales $1.55 billion, EPS $1.50
Q4 guidance Sales $1.58 billion, EPS $1.52
Expecting a minor beat as margin are gradually improving.
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 27, 2015
Indices closed down .09% to .26%.....
Indices closed down.
S&P 500 @ 2065.89, low 2058.84, high 2070.37
RSI @ 64.28
CMF @ 0.410
Internals were :
Down volume led by 2.85 to 1 in NYSE & 1.92 to 1 in Nasdaq
Declining stocks led by 2.87 to 1 in NYSE & 2.66 to 1 in Nasdaq
Net new 52 wk lows were leading by 71 in NYSE & 62 in Nasdaq
VIX UP .92% @ 15.43
Oil @ $43.20
Gold @ $1165.80
AH ER...VDSI UP 2.66%, TWTR Down 12.76%
AKAM Down 13.43%
VDSI Reported a beat on Sales and EPS for Q3..
Sales expected $55.93 million, actual $60 million
EPS expected 23 cents, actual 28 cents
Raising operating margin from 19 to 22% to 21 to 23%
All around a beat and good report.
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE waited for AAPL report which was much better than feared by some. Tech earnings for the most part was weak tonight which may impact open, but it may present a buying opportunity in better stocks. Do your own home work and make your move before stock really moves.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2065.89, low 2058.84, high 2070.37
RSI @ 64.28
CMF @ 0.410
Internals were :
Down volume led by 2.85 to 1 in NYSE & 1.92 to 1 in Nasdaq
Declining stocks led by 2.87 to 1 in NYSE & 2.66 to 1 in Nasdaq
Net new 52 wk lows were leading by 71 in NYSE & 62 in Nasdaq
VIX UP .92% @ 15.43
Oil @ $43.20
Gold @ $1165.80
AH ER...VDSI UP 2.66%, TWTR Down 12.76%
AKAM Down 13.43%
VDSI Reported a beat on Sales and EPS for Q3..
Sales expected $55.93 million, actual $60 million
EPS expected 23 cents, actual 28 cents
Raising operating margin from 19 to 22% to 21 to 23%
All around a beat and good report.
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE waited for AAPL report which was much better than feared by some. Tech earnings for the most part was weak tonight which may impact open, but it may present a buying opportunity in better stocks. Do your own home work and make your move before stock really moves.
BLOG does NOT give buy or sell.
Saleem
Indices down .35% to .51%......
Indices are lower in anticipation of AAPL earnings after close. It will be a market mover.
S&P 500 @ 2061.21, low 2058.84, high 2070.37
Internals are negative by 3 to 1
Oil Down $1.03
Gold Down 20 cents
Canadian $ Down 1.15 cent @ 67.35...near 5 months low
VIX UP 3.47% @ 15.82
Portfolio CNQ FB FIT LULU NXPI NFLX VDSI
Most stocks are down
@ 2.28 PM following are green :
FB FIT AMZN TWTR RAD BABA BIDU COH
YHOO EBAY FFIV YNDX CRUS SLW
MLNX.....
VDSI Reports AH, following are expected :
Q3 Sales $55.93 million, EPS 23 cents
Q4 guidance Sales $51.86 million, EPS 19 cents
Expecting a beat in EPS as was the case in last 4 quarters.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2061.21, low 2058.84, high 2070.37
Internals are negative by 3 to 1
Oil Down $1.03
Gold Down 20 cents
Canadian $ Down 1.15 cent @ 67.35...near 5 months low
VIX UP 3.47% @ 15.82
Portfolio CNQ FB FIT LULU NXPI NFLX VDSI
Most stocks are down
@ 2.28 PM following are green :
FB FIT AMZN TWTR RAD BABA BIDU COH
YHOO EBAY FFIV YNDX CRUS SLW
MLNX.....
VDSI Reports AH, following are expected :
Q3 Sales $55.93 million, EPS 23 cents
Q4 guidance Sales $51.86 million, EPS 19 cents
Expecting a beat in EPS as was the case in last 4 quarters.....
BLOG does NOT give buy or sell.
Saleem
Monday, October 26, 2015
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2071.18, low 2066.53, high 2075.14
RSI @ 65.97
CMF @ 0.391
Internals were :
Down volume led by 1.94 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & by 40 in Nasdaq
VIX UP 5.74% @ 15.29
Oil @ $43.98
Gold @ $1166.20
AH ER...IDTI UP 12.6%, CAKE Down 5.75%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was mixed despite housing weakness & apple suppliers slump, Nasdaq still managed to close green. All eyes will be on AAPL earnings report after close which may set the tone for Nasdaq trading. Market is holding up pretty good even after a huge run, it is important to book gain ASAP @ these lofty levels.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2071.18, low 2066.53, high 2075.14
RSI @ 65.97
CMF @ 0.391
Internals were :
Down volume led by 1.94 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & by 40 in Nasdaq
VIX UP 5.74% @ 15.29
Oil @ $43.98
Gold @ $1166.20
AH ER...IDTI UP 12.6%, CAKE Down 5.75%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was mixed despite housing weakness & apple suppliers slump, Nasdaq still managed to close green. All eyes will be on AAPL earnings report after close which may set the tone for Nasdaq trading. Market is holding up pretty good even after a huge run, it is important to book gain ASAP @ these lofty levels.
BLOG does NOT give buy or sell.
Saleem
Indices down .07% to .25%.....
Indices are slightly lower on weak housing data in US.
S&P 500 @ 2070.07, low 2066.53, high 2075.14
Internals are negative by 2 to 1
Oil Down 60 cents
Gold UP $2.10
Canadian $ UP 6 tick @ 68.45
VIX UP 4.98% @ 15.18
In my portfolio :
Sold BIDU @ $172.00
Bought NXPI @ $93.28
Portfolio CNQ FB FIT LULU NXPI NFLX VDSI
Most stocks are down
@ 2.42 following are green :
FB NFLX AMZN PCLN GOOGL SWIR TWTR
BABA FEYE TSLA BIDU CSIQ DNKN CMG
EXPE YUM V YELP YNDX CIEN QIHU
AAL M SBUX GS TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.07, low 2066.53, high 2075.14
Internals are negative by 2 to 1
Oil Down 60 cents
Gold UP $2.10
Canadian $ UP 6 tick @ 68.45
VIX UP 4.98% @ 15.18
In my portfolio :
Sold BIDU @ $172.00
Bought NXPI @ $93.28
Portfolio CNQ FB FIT LULU NXPI NFLX VDSI
Most stocks are down
@ 2.42 following are green :
FB NFLX AMZN PCLN GOOGL SWIR TWTR
BABA FEYE TSLA BIDU CSIQ DNKN CMG
EXPE YUM V YELP YNDX CIEN QIHU
AAL M SBUX GS TRIP.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 25, 2015
What have we done in last 18 trading days ?
Remember Louise Yamada, Carter Worth & Jim Cramer call of extreme caution for lower market & troubling 10 days?
This is what indices have done in last 18 trading days :
Dow UP 10.90%
S&P 500 UP 11.10%
Nasdaq UP 12.51%
Do not follow any pundit but follow the market, that is the only lesson one can learn.
Market does not care what you think where market is headed or any of the celebrated gurus equipped with their 3D charts analysed 3 ways......
Many chartist are always looking back to make their point, but they do not have any chart to look for future trend, drawing their version of future direction has been so wrong, its not even funny.
Why do i keep pointing these erroneous calls, because guru following can be fatal for your financial health.....
SO...how does the market looks now ?
Let us look @ RSI for answers :
Nasdaq @ 65.96
S&P 500 @ 67.21
Dow @ 70.30
Any student of market will tell you that near 70 area there is a need for caution. In strong markets RSI has gone to 75 area before turning lower to 50++++
Recognizing where we are in market trend is half the battle, rest is all strategy.
SO...you want to play earning reports of good company with rising profit ? should pay off.....still.
BUT...weak earnings report will be punished @ this stage of the market...so choose carefully.
None of us can play earning bets very well, but we can play with reduced exposure when not 100% sure.
FB which is reporting following week, has built a nice base and is making series of new highs is my highest weighting for a long time & should do well in report reaction......
It is important to have high comfort level in earnings season.......or else have lower exposure.
SO...market may work its way higher to 75 RSI area, but after that, it is extremely risky for near term.
Please know your technical indicators well, it is good to be an expert in one indicator instead of being confused with several, i tend to stay with RSI & sentiment as my few focus, has served me well over decades.
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
This is what indices have done in last 18 trading days :
Dow UP 10.90%
S&P 500 UP 11.10%
Nasdaq UP 12.51%
Do not follow any pundit but follow the market, that is the only lesson one can learn.
Market does not care what you think where market is headed or any of the celebrated gurus equipped with their 3D charts analysed 3 ways......
Many chartist are always looking back to make their point, but they do not have any chart to look for future trend, drawing their version of future direction has been so wrong, its not even funny.
Why do i keep pointing these erroneous calls, because guru following can be fatal for your financial health.....
SO...how does the market looks now ?
Let us look @ RSI for answers :
Nasdaq @ 65.96
S&P 500 @ 67.21
Dow @ 70.30
Any student of market will tell you that near 70 area there is a need for caution. In strong markets RSI has gone to 75 area before turning lower to 50++++
Recognizing where we are in market trend is half the battle, rest is all strategy.
SO...you want to play earning reports of good company with rising profit ? should pay off.....still.
BUT...weak earnings report will be punished @ this stage of the market...so choose carefully.
None of us can play earning bets very well, but we can play with reduced exposure when not 100% sure.
FB which is reporting following week, has built a nice base and is making series of new highs is my highest weighting for a long time & should do well in report reaction......
It is important to have high comfort level in earnings season.......or else have lower exposure.
SO...market may work its way higher to 75 RSI area, but after that, it is extremely risky for near term.
Please know your technical indicators well, it is good to be an expert in one indicator instead of being confused with several, i tend to stay with RSI & sentiment as my few focus, has served me well over decades.
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
Friday, October 23, 2015
Indices closed UP .90% to 2.27%....NICE !!!!
Indices closed near high of the day on strong earnings and Chinese rate cut. All indices closed above 200 DMA and @ new high in this bull move.
S&P 500 @ 2075.15, high 2079.74, low 2058.19
RSI @ 67.21
CMF @ 0.331
Internals were :
UP volume led by 1.50 to 1 in NYSE & 3.37 to 1 in Nasdaq
Advancing stocks led by 1.44 to 1 in NYSE & 1.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 74 in Nasdaq
VIX UP .07% @ 14.46
Oil @ $44.60
Gold @ $1162.80
Canadian $ @ 68.24
Stocks which were UP 2% or more BIDU FB FIT NFLX VDSI
AMZN LNKD GOOGL AAPL SWIR TWTR BABA
MU LVS YHOO DNKN EBAY SPWR YNDX
HIMX CRUS C X ABX SLW GG WYNN.....
Here is my weighting :
FB 26.25%
LULU 17.43%
CNQ 15.15%
VDSI 13.01%
BIDU 12.14%
FIT 10.87%
NFLX 5.15%
Exposure 310%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2075.15, high 2079.74, low 2058.19
RSI @ 67.21
CMF @ 0.331
Internals were :
UP volume led by 1.50 to 1 in NYSE & 3.37 to 1 in Nasdaq
Advancing stocks led by 1.44 to 1 in NYSE & 1.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 74 in Nasdaq
VIX UP .07% @ 14.46
Oil @ $44.60
Gold @ $1162.80
Canadian $ @ 68.24
Stocks which were UP 2% or more BIDU FB FIT NFLX VDSI
AMZN LNKD GOOGL AAPL SWIR TWTR BABA
MU LVS YHOO DNKN EBAY SPWR YNDX
HIMX CRUS C X ABX SLW GG WYNN.....
Here is my weighting :
FB 26.25%
LULU 17.43%
CNQ 15.15%
VDSI 13.01%
BIDU 12.14%
FIT 10.87%
NFLX 5.15%
Exposure 310%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 22, 2015
Indices closed UP 1.65% to 1.87%......NICE !!!!
Indices closed UP.
S&P 500 @ 2052.51, high 2055.20, low 2021.88
RSI @ 63.60
CMF @ 0.283
Internals were :
UP volume led by 2.68 to 1 in NYSE & 2.65 to 1 in Nasdaq
Advancing stocks led by 2.92 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 58 in NYSE & lows by 3 in Nasdaq
VIX Down 13.47% @ 14.45
Oil @ $45.38
Gold @ $1166.10
Stocks which were UP 2% or more included BIDU CNQ FB VDSI
LNKD SWIR BABA FEYE NXPI JKS SINA SU EBAY FFIV
LSCC CIEN AAL SPLK MCD X STLD SLW AEM MGA
MS GS AGU MLNX.....
AH ER....MSFT UP 7.95%, AMZN UP 9.72%
GOOG UP 10.62%, FTNT Down 15.01%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was super strong today and closed near high of the day, all indices are ready to take out 200 DMA, this will be very significant technically that all indices are above 50 & 200 DMA resistance. AH strong earnings from tech giants will propel this market higher on Friday, Friday being the weekly option expiry, there will be some outsized UP moves. Try to book profit as everyone gets super euphoric. Funds can be deployed in some beaten down names who are basing for few days, that is my strategy.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2052.51, high 2055.20, low 2021.88
RSI @ 63.60
CMF @ 0.283
Internals were :
UP volume led by 2.68 to 1 in NYSE & 2.65 to 1 in Nasdaq
Advancing stocks led by 2.92 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 58 in NYSE & lows by 3 in Nasdaq
VIX Down 13.47% @ 14.45
Oil @ $45.38
Gold @ $1166.10
Stocks which were UP 2% or more included BIDU CNQ FB VDSI
LNKD SWIR BABA FEYE NXPI JKS SINA SU EBAY FFIV
LSCC CIEN AAL SPLK MCD X STLD SLW AEM MGA
MS GS AGU MLNX.....
AH ER....MSFT UP 7.95%, AMZN UP 9.72%
GOOG UP 10.62%, FTNT Down 15.01%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was super strong today and closed near high of the day, all indices are ready to take out 200 DMA, this will be very significant technically that all indices are above 50 & 200 DMA resistance. AH strong earnings from tech giants will propel this market higher on Friday, Friday being the weekly option expiry, there will be some outsized UP moves. Try to book profit as everyone gets super euphoric. Funds can be deployed in some beaten down names who are basing for few days, that is my strategy.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.49% to 1.74%.....NICE !!!!
Indices are strong on good earnings from MCD & others. ECB gave further boost with talk of more QE / stimulus talk.
S&P 500 @ 2051.97, high 2055.20, low 2021.88
Internals are positive and almost 3 to 1 in NYSE.
Oil UP 24 cents
Gold Down $2.10
Canadian $ UP 34 tick @ 68.97
VIX Down 10% @ 15.03
Portfolio BIDU CNQ FB FIT LULU NFLX VDSI
Most stocks are UP
@ 3.03 following are red :
FIT LULU NFLX PCLN TWTR RAD LVS GPRO LEN
DNKN EXPE CMG YUM ANTH FSLR YNDX
HIMX CRUS QIHU M GMCR CSOD
WYNN YELP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2051.97, high 2055.20, low 2021.88
Internals are positive and almost 3 to 1 in NYSE.
Oil UP 24 cents
Gold Down $2.10
Canadian $ UP 34 tick @ 68.97
VIX Down 10% @ 15.03
Portfolio BIDU CNQ FB FIT LULU NFLX VDSI
Most stocks are UP
@ 3.03 following are red :
FIT LULU NFLX PCLN TWTR RAD LVS GPRO LEN
DNKN EXPE CMG YUM ANTH FSLR YNDX
HIMX CRUS QIHU M GMCR CSOD
WYNN YELP.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 21, 2015
Indices closed down .28% to .84%.......
Indices closed down.
S&P 500 @ 2018.94, low 2017.22, high 2037.97
RSI @ 57.11
CMF @ 0.268
Internals were :
Down volume led by 3.34 to 1 in NYSE & 3.81 to 1 in Nasdaq
Declining stocks led by 2.45 to 1 in NYSE & 2.96 to 1 in Nasdaq
Net new 52 wk highs were leading by 27 in NYSE & lows by 29 in Nasdaq
VIX UP 6.03% @ 16.70
Oil @ $45.20
Gold @ $1167.10
In my portfolio :
Sold TSLA @ $210.00
Bought BIDU @ $149.24
AH ER....TXN UP 9.44%, EBAY 8.43%, AXP Down 3.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak with leaders under selling pressure again. Internals were weak also. Looks like this pullback has run its course by closing near low of the day. This pullback is normal in an ascending TAPE. Leaders should be back on track starting Thursday, tech earnings were better than expected, this should improve the sentiment. Stay the course.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2018.94, low 2017.22, high 2037.97
RSI @ 57.11
CMF @ 0.268
Internals were :
Down volume led by 3.34 to 1 in NYSE & 3.81 to 1 in Nasdaq
Declining stocks led by 2.45 to 1 in NYSE & 2.96 to 1 in Nasdaq
Net new 52 wk highs were leading by 27 in NYSE & lows by 29 in Nasdaq
VIX UP 6.03% @ 16.70
Oil @ $45.20
Gold @ $1167.10
In my portfolio :
Sold TSLA @ $210.00
Bought BIDU @ $149.24
AH ER....TXN UP 9.44%, EBAY 8.43%, AXP Down 3.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak with leaders under selling pressure again. Internals were weak also. Looks like this pullback has run its course by closing near low of the day. This pullback is normal in an ascending TAPE. Leaders should be back on track starting Thursday, tech earnings were better than expected, this should improve the sentiment. Stay the course.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on weak Oil & commodity prices.
S&P 500 @ 2026.04, low 2020.13, high 2037.97
Internals are negative by 2 to 1
Oil Down $1.20
Gold Down $10.00
Canadian $ Down 1.36 @ 68.88, Central bank reduced GDP growth for 2 years.....
VIX .89% @ 15.61..surprising move downward....
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are down
@ 2.36 following are green :
FB AAPL NXPI LEN EXPE YUM YELP CRUS
SNDK AMCC GMCR BRCM......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2026.04, low 2020.13, high 2037.97
Internals are negative by 2 to 1
Oil Down $1.20
Gold Down $10.00
Canadian $ Down 1.36 @ 68.88, Central bank reduced GDP growth for 2 years.....
VIX .89% @ 15.61..surprising move downward....
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are down
@ 2.36 following are green :
FB AAPL NXPI LEN EXPE YUM YELP CRUS
SNDK AMCC GMCR BRCM......
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 20, 2015
Indices closed down .08% to .50%.....
Indices closed down.
S&P 500 @ 2030.77, low 2026.61, high 2039.12
RSI @ 60.66
CMF @ 0.302
Internals were :
UP volume led by 1.37 to 1 in NYSE & .81 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & by 9 in Nasdaq
VIX UP 5.14% @ 15.75
Oil @ $45.55
Gold @ $1177.50
AH ER...VMW Down 3.58%, ISRG UP 7.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure after accumulating gains for a week. High profile stocks took a major hit, this is not a trend but on some profit taking.We made another higher highs before pulling back, internals were mixed. Stay with your high conviction stocks as we are headed higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2030.77, low 2026.61, high 2039.12
RSI @ 60.66
CMF @ 0.302
Internals were :
UP volume led by 1.37 to 1 in NYSE & .81 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & by 9 in Nasdaq
VIX UP 5.14% @ 15.75
Oil @ $45.55
Gold @ $1177.50
AH ER...VMW Down 3.58%, ISRG UP 7.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure after accumulating gains for a week. High profile stocks took a major hit, this is not a trend but on some profit taking.We made another higher highs before pulling back, internals were mixed. Stay with your high conviction stocks as we are headed higher.
BLOG does NOT give buy or sell.
Saleem
Indices down .11% to .73%.....
Indices are lower dragged down by IBM & TSLA.
S&P 500 @ 2028.18, low 2026.61, high 2039.12
Internals are mixed
Oil Down 27 cents
Gold UP $3.20
Canadian $ UP 32 tick @ 70.15, Liberal party won a majority in election last night
VIX UP 7.14% @ 16.05
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are lower
@ 2.29 following are green :
CNQ FIT AAPL SWIR TSL GPRO LEN SU
YUM FFIV FSLR CRUS SNDK AAL
ABX SLW GG AEM CCJ DATA
MGA Z MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2028.18, low 2026.61, high 2039.12
Internals are mixed
Oil Down 27 cents
Gold UP $3.20
Canadian $ UP 32 tick @ 70.15, Liberal party won a majority in election last night
VIX UP 7.14% @ 16.05
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are lower
@ 2.29 following are green :
CNQ FIT AAPL SWIR TSL GPRO LEN SU
YUM FFIV FSLR CRUS SNDK AAL
ABX SLW GG AEM CCJ DATA
MGA Z MLNX......
BLOG does NOT give buy or sell.
Saleem
Monday, October 19, 2015
Indices closed UP .03% to .38%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2033.66, high 2034.45, low 2022.31
RSI @ 61.51
CMF @ 0.307
Internals were :
UP volume led by .65 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by .86 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & by 9 in Nasdaq
VIX Down .47% @ 14.98
Oil @ $45.89
Gold @ $1172.80
AH ER .....IBM Down 4.87%, FLEX UP 6.7%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE showed its resilience by closing @ high of the day despite weak data out of China, Nasdaq only 15 points away from taking out 200 DMA. This TAPE has all the hallmark of slowly building its momentum towards new all time high. VIX gave up digit 15 which was a big resistance before. Buy & hold strong stocks as we build momentum in this market, it is far from being over.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2033.66, high 2034.45, low 2022.31
RSI @ 61.51
CMF @ 0.307
Internals were :
UP volume led by .65 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by .86 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & by 9 in Nasdaq
VIX Down .47% @ 14.98
Oil @ $45.89
Gold @ $1172.80
AH ER .....IBM Down 4.87%, FLEX UP 6.7%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE showed its resilience by closing @ high of the day despite weak data out of China, Nasdaq only 15 points away from taking out 200 DMA. This TAPE has all the hallmark of slowly building its momentum towards new all time high. VIX gave up digit 15 which was a big resistance before. Buy & hold strong stocks as we build momentum in this market, it is far from being over.
BLOG does NOT give buy or sell.
Saleem
Indices down .08% to .33%......
Indices are slightly lower while Nasdaq was in green earlier, higher highs were made today.
S&P 500 @ 2027.03, low 2022.31, high 2034.45
Internals are mostly negative
Oil Down $1.21
Gold Down $10.90
Canadian $ Down 1.14 cent @ 69.81, election jitters hitting currency....
VIX UP .33% @ 15.10
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are down
@ 2.40 following are green :
FB FIT NFLX TSLA VDSI AMZN PCLN GOOGL
BIDU BABA COH MU GPRO EXPE SNDK
QIHU AAL SPLK GMCR SBUX V TRIP
MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2027.03, low 2022.31, high 2034.45
Internals are mostly negative
Oil Down $1.21
Gold Down $10.90
Canadian $ Down 1.14 cent @ 69.81, election jitters hitting currency....
VIX UP .33% @ 15.10
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are down
@ 2.40 following are green :
FB FIT NFLX TSLA VDSI AMZN PCLN GOOGL
BIDU BABA COH MU GPRO EXPE SNDK
QIHU AAL SPLK GMCR SBUX V TRIP
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 18, 2015
VIX @ 15.05.....what next ?
Last 14 trading days has produced some of the fastest gains in the market.
Sellers dumped most of the stocks 14 trading days ago only to see most stocks recovering quickly, they were following the lead of Louise Yamada, Carter Worth and many nervous technicians who were looking @ 1600 as support in this mayhem......
But we went to 1871.91 and currently stand @ 2033.11...
Lesson learned by many famous technicians, do not believe your own theories too much because markets have their own mind...
S&P 500 has gone UP 8.61% in last 14 trading days.....
RSI sitting @ 61.41
VIX @ 15.05
Many traders have been buying VIX as protection from below 20 as 52 wk high is 53.29 & low is 10.88...
Many technicians try to interpret VIX for direction of TAPE.......
Like every other reliable indicator from famous oscillator of +10, everything is subject to market whims.....
Another widely followed number is bull to bear ratio which has trapped many in the wrong direction, currently bulls are in the lead by 5.3% over bears, a major reversal from bear leading for many weeks.....
SO..where do we go from here ?
That is the question many technicians are struggling with......
Every market has its own way of debunking many "so called reliable indicators" either by going lower than before or higher than before....thus a new 52 wk indicators are given birth......
Based on the current sentiment, which i try to interpret daily, is pointing to more gains, and many indicators like much followed VIX may go into new lows.......
China watchers are holding their breath for their GDP numbers, market is looking beyond those known weaknesses in China, so that may have an impact for full 30 minutes no more......
Many strong stocks are looking @ making new 52 wk highs, that is the only indicator one should worry about, as to how to participate in this melt UP.
Market internals of strong stocks were always telling a different story, not a single one made a new 52 wk lows while TAPE was in a freefall, BUT technicians ignored this tell tale of leaders strength.
The way i see it, any weakness is a "major buying opportunity" as we are headed higher.
Next target for indices is to take out 200 DMA which is only 27 points away for S&P 500, keep an eye on S&P 500 for direction of this TAPE........
YES..there may be couple of days of pullbacks, which is normal and healthy as we keep making higher highs.
Conviction and patience will pay off in a big way, in case you have missed the last 14 trading days of gains.
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
Sellers dumped most of the stocks 14 trading days ago only to see most stocks recovering quickly, they were following the lead of Louise Yamada, Carter Worth and many nervous technicians who were looking @ 1600 as support in this mayhem......
But we went to 1871.91 and currently stand @ 2033.11...
Lesson learned by many famous technicians, do not believe your own theories too much because markets have their own mind...
S&P 500 has gone UP 8.61% in last 14 trading days.....
RSI sitting @ 61.41
VIX @ 15.05
Many traders have been buying VIX as protection from below 20 as 52 wk high is 53.29 & low is 10.88...
Many technicians try to interpret VIX for direction of TAPE.......
Like every other reliable indicator from famous oscillator of +10, everything is subject to market whims.....
Another widely followed number is bull to bear ratio which has trapped many in the wrong direction, currently bulls are in the lead by 5.3% over bears, a major reversal from bear leading for many weeks.....
SO..where do we go from here ?
That is the question many technicians are struggling with......
Every market has its own way of debunking many "so called reliable indicators" either by going lower than before or higher than before....thus a new 52 wk indicators are given birth......
Based on the current sentiment, which i try to interpret daily, is pointing to more gains, and many indicators like much followed VIX may go into new lows.......
China watchers are holding their breath for their GDP numbers, market is looking beyond those known weaknesses in China, so that may have an impact for full 30 minutes no more......
Many strong stocks are looking @ making new 52 wk highs, that is the only indicator one should worry about, as to how to participate in this melt UP.
Market internals of strong stocks were always telling a different story, not a single one made a new 52 wk lows while TAPE was in a freefall, BUT technicians ignored this tell tale of leaders strength.
The way i see it, any weakness is a "major buying opportunity" as we are headed higher.
Next target for indices is to take out 200 DMA which is only 27 points away for S&P 500, keep an eye on S&P 500 for direction of this TAPE........
YES..there may be couple of days of pullbacks, which is normal and healthy as we keep making higher highs.
Conviction and patience will pay off in a big way, in case you have missed the last 14 trading days of gains.
Good luck with your strategy !
BLOG does NOT give buy or sell.
Saleem
Friday, October 16, 2015
Indices closed UP .34% to .46%.....NICE !!!!!
Indices closed @ high of the day, many pundits and technicians were bad mouthing this TAPE and the TAPE ran over them, thus a very strong 3 weeks, many traders were caught with little or no exposure on the long side and had to reverse course.
S&P 500 @ 2033.11, high 2033.54, low 2020.46
RSI @ 61.41
CMF @ 0.266
Internals were :
UP volume led by 1.18 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by 1.50 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 21 in Nasdaq
VIX Down 6.23% @ 15.05
Oil @ $47.26
Gold @ $1183.10
Canadian $ @ 70.91
Stocks which were UP 1% or more included FB LULU TSLA
AMZN TWTR FEYE SINA DNKN EXPE YUM FFIV
LSCC QIHU SPLK MCD DATA MS.......
In my portfolio :
Added 10% VDSI @ $17.70
Here is my weighting :
FB 25.11%
LULU 19.39%
CNQ 15.46%
VDSI 12.81%
TSLA 11.69%
FIT 10.46%
NFLX 5.08%
Exposure 310%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2033.11, high 2033.54, low 2020.46
RSI @ 61.41
CMF @ 0.266
Internals were :
UP volume led by 1.18 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by 1.50 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 21 in Nasdaq
VIX Down 6.23% @ 15.05
Oil @ $47.26
Gold @ $1183.10
Canadian $ @ 70.91
Stocks which were UP 1% or more included FB LULU TSLA
AMZN TWTR FEYE SINA DNKN EXPE YUM FFIV
LSCC QIHU SPLK MCD DATA MS.......
In my portfolio :
Added 10% VDSI @ $17.70
Here is my weighting :
FB 25.11%
LULU 19.39%
CNQ 15.46%
VDSI 12.81%
TSLA 11.69%
FIT 10.46%
NFLX 5.08%
Exposure 310%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 15, 2015
Indices closed UP 1.28% to 1.82%....NICE !!!!
Indices closed UP.
S&P 500 @ 2023.86, high 2024.15, low 1996.47
RSI @ 59.83
CMF @ 0.153
Internals were :
UP volume led by 3.91 to 1 in NYSE & 4.12 to 1 in Nasdaq
Advancing stocks led by 4.35 to 1 in NYSE & 4.83 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 5 in Nasdaq
VIX Down 10.98% @ 16.05
Oil @ $46.38
Gold @ $1187.50
Stocks which closed UP 2% or more included FB FIT TSLA
AMZN SWIR RAD TSL BABA FEYE NXPI BIDU LVS
CSIQ YHOO EXPE EBAY MA YNDX CRUS CIEN
C QIHU SPLK X CSOD MS GS YELP....
AH ER...WYNN Down 8.72%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was super strong and closed @ high of the day. Internals were very strong. Volume was higher than average which confirms conviction in the market place. Jimmy the Cramer is scrambling big time to explain himself and sound like a sore loser, his prediction of 10 days of down move based on his reliable 10 read has backfired, be careful who you listen to & follow, some admit to being 100% wrong immediately but NOT Cramer, he is making daily prediction of losses coming. Many strong stocks led today's rally which is what you like to see in any strong rally. More gains are in store.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2023.86, high 2024.15, low 1996.47
RSI @ 59.83
CMF @ 0.153
Internals were :
UP volume led by 3.91 to 1 in NYSE & 4.12 to 1 in Nasdaq
Advancing stocks led by 4.35 to 1 in NYSE & 4.83 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 5 in Nasdaq
VIX Down 10.98% @ 16.05
Oil @ $46.38
Gold @ $1187.50
Stocks which closed UP 2% or more included FB FIT TSLA
AMZN SWIR RAD TSL BABA FEYE NXPI BIDU LVS
CSIQ YHOO EXPE EBAY MA YNDX CRUS CIEN
C QIHU SPLK X CSOD MS GS YELP....
AH ER...WYNN Down 8.72%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was super strong and closed @ high of the day. Internals were very strong. Volume was higher than average which confirms conviction in the market place. Jimmy the Cramer is scrambling big time to explain himself and sound like a sore loser, his prediction of 10 days of down move based on his reliable 10 read has backfired, be careful who you listen to & follow, some admit to being 100% wrong immediately but NOT Cramer, he is making daily prediction of losses coming. Many strong stocks led today's rally which is what you like to see in any strong rally. More gains are in store.
BLOG does NOT give buy or sell.
Saleem
Indices UP .89% to 1.28%
Indices staging a strong bounce & near high of the day after correcting for few days.
S&P 500 @ 2015.35, high 2016.56, low 1996.47
Internals are positive by 3 to 1
Oil Down 49 cents
Gold UP $6.40
Canadian $ UP 1.05 cent @ 71.68..highest since July, 2015
VIX Down 8.15% @ 16.56
In my portfolio :
Sold NXPI @ $94.90
Bought CNQ @ $23.55
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are UP
@ 2.39 following are red :
CNQ NFLX COH MU SU FFIV SPWR YNDX HIMX
AMCC LSCC GMCR ABX AEM Z AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2015.35, high 2016.56, low 1996.47
Internals are positive by 3 to 1
Oil Down 49 cents
Gold UP $6.40
Canadian $ UP 1.05 cent @ 71.68..highest since July, 2015
VIX Down 8.15% @ 16.56
In my portfolio :
Sold NXPI @ $94.90
Bought CNQ @ $23.55
Portfolio CNQ FB FIT LULU NFLX TSLA VDSI
Most stocks are UP
@ 2.39 following are red :
CNQ NFLX COH MU SU FFIV SPWR YNDX HIMX
AMCC LSCC GMCR ABX AEM Z AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 14, 2015
Indices closed down .29% to .92%......
Indices closed down .
S&P 500 @ 1994.24, low 1990.73, high 2009.56
RSI @ 54.24
CMF @ 0.063
Internals were :
Down volume led by 1.12 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 11 in NYSE & 29 in Nasdaq
VIX UP 2.04% @ 18.03
Oil @ $46.64
Gold @ $1179.80
AH ER...NFLX Down 3.03%, XLNX UP 3.09%
NFLX earning was a slight miss in EPS 7 cents actual vs 8 cents expected.
Q4 guidance is EPS of 2 cents vs expectations of 4 cents, due to added expansion cost in more international markets.
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was weak and closed near low of the day, internals remained weak. We may be ready for a bounce here as selling was not that intense today, more orderly than yesterday. In any recovering market, pullbacks are minor and must be taken advantage by buying leaders. Rotation is going on, so follow the trend closely.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1994.24, low 1990.73, high 2009.56
RSI @ 54.24
CMF @ 0.063
Internals were :
Down volume led by 1.12 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.46 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 11 in NYSE & 29 in Nasdaq
VIX UP 2.04% @ 18.03
Oil @ $46.64
Gold @ $1179.80
AH ER...NFLX Down 3.03%, XLNX UP 3.09%
NFLX earning was a slight miss in EPS 7 cents actual vs 8 cents expected.
Q4 guidance is EPS of 2 cents vs expectations of 4 cents, due to added expansion cost in more international markets.
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was weak and closed near low of the day, internals remained weak. We may be ready for a bounce here as selling was not that intense today, more orderly than yesterday. In any recovering market, pullbacks are minor and must be taken advantage by buying leaders. Rotation is going on, so follow the trend closely.
BLOG does NOT give buy or sell.
Saleem
Indices down .18% to 1.03%......
Indices are lower & @ low of the day after being UP earlier, beige book saying US$ strength causing economic slowdown.
S&P 500 @ 1993.83, low 1992.60, high 2009.56
Internals are negative
Oil Down 5 cents
Gold UP $21.90
Canadian $ UP 89 tick @ 70.51....near high in months
VIX UP 4.53% @ 18.47
In my portfolio :
Sold FEYE @ $29.51
Bought NFLX @ $109.15
Portfolio FB FIT LULU NXPI NFLX TSLA VDSI
Most stocks are down
@ 2.45 following are green :
NXPI VDSI LNKD SWIR TWTR CNQ TSL MU
LVS GPRO JKS CSIQ SU FSLR SPWR
YNDX HIMX SNDK AMCC CIEN
FNSR X ABX SLW GG AEM
MGA Z WYNN AGU TRIP...
AH NFLX reports, following are expectations :
Q3 Sales $1.75 billion, EPS 8 cents
Q4 guidance Sales $1.86 billion, EPS 4 cents
Generally, earnings reaction has been positive in 3 of last 4 quarters....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1993.83, low 1992.60, high 2009.56
Internals are negative
Oil Down 5 cents
Gold UP $21.90
Canadian $ UP 89 tick @ 70.51....near high in months
VIX UP 4.53% @ 18.47
In my portfolio :
Sold FEYE @ $29.51
Bought NFLX @ $109.15
Portfolio FB FIT LULU NXPI NFLX TSLA VDSI
Most stocks are down
@ 2.45 following are green :
NXPI VDSI LNKD SWIR TWTR CNQ TSL MU
LVS GPRO JKS CSIQ SU FSLR SPWR
YNDX HIMX SNDK AMCC CIEN
FNSR X ABX SLW GG AEM
MGA Z WYNN AGU TRIP...
AH NFLX reports, following are expectations :
Q3 Sales $1.75 billion, EPS 8 cents
Q4 guidance Sales $1.86 billion, EPS 4 cents
Generally, earnings reaction has been positive in 3 of last 4 quarters....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 13, 2015
Indices closed down .29% to .87%.....
Indices closed down.
S&P 500 @ 2003.69, low 2001.78, high 2022.34
RSI @ 56.57
CMF @ 0.130
Internals were :
Down volume led by 4.73 to 1 in NYSE & 3.15 to 1 in Nasdaq
Declining stocks led by 2.65 to 1 in NYSE & 2.37 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 13 in Nasdaq
VIX UP 9.28% @ 17.67
Oil @ $46.66
Gold $1165.40
AH News .....JPM Down 1.67%, INTC Down 2.78%
SNDK UP 11.70%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed near low of the day, Nasdaq dipped below 50 DMA, Internals were weak. This weak TAPE was anticipated and may have few more days of sideways to down action. There is nothing to worry, as this pullback is routine and healthy, only 3% max pullback is anticipated, not the dire prediction by Jimmy the Cramer, by 10 days we could be near or above 200 DMA. Next few days switch to better performing stocks and show patience and conviction, unlike our CNBC guru conviction matters.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2003.69, low 2001.78, high 2022.34
RSI @ 56.57
CMF @ 0.130
Internals were :
Down volume led by 4.73 to 1 in NYSE & 3.15 to 1 in Nasdaq
Declining stocks led by 2.65 to 1 in NYSE & 2.37 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 13 in Nasdaq
VIX UP 9.28% @ 17.67
Oil @ $46.66
Gold $1165.40
AH News .....JPM Down 1.67%, INTC Down 2.78%
SNDK UP 11.70%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed near low of the day, Nasdaq dipped below 50 DMA, Internals were weak. This weak TAPE was anticipated and may have few more days of sideways to down action. There is nothing to worry, as this pullback is routine and healthy, only 3% max pullback is anticipated, not the dire prediction by Jimmy the Cramer, by 10 days we could be near or above 200 DMA. Next few days switch to better performing stocks and show patience and conviction, unlike our CNBC guru conviction matters.
BLOG does NOT give buy or sell.
Saleem
Indices down .06% to .46%......
Indices are lower on overbought condition.
S&P 500 @ 2010.45, low 2006.10, high 2022.34
Internals are negative by 2 to 1
Oil Down 37 cents
Gold UP 40 cents
Canadian $ Down 9 tick @ 69.97
VIX UP 5.94% @ 17.13
Portfolio FB FIT FEYE LULU NXPI TSLA VDSI
Most stocks are down
@ 3.02 following are green :
FB FIT FEYE TSLA AMZN LNKD PCLN GOOGL
AAPL TWTR TSL BIDU MU LVS EXPE CMG
FFIV YNDX AMCC LSCC C GMCR MCD X
STLD AEM GS YELP....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2010.45, low 2006.10, high 2022.34
Internals are negative by 2 to 1
Oil Down 37 cents
Gold UP 40 cents
Canadian $ Down 9 tick @ 69.97
VIX UP 5.94% @ 17.13
Portfolio FB FIT FEYE LULU NXPI TSLA VDSI
Most stocks are down
@ 3.02 following are green :
FB FIT FEYE TSLA AMZN LNKD PCLN GOOGL
AAPL TWTR TSL BIDU MU LVS EXPE CMG
FFIV YNDX AMCC LSCC C GMCR MCD X
STLD AEM GS YELP....
BLOG does NOT give buy or sell.
Saleem
Monday, October 12, 2015
Indices closed UP .13% to .28%....NICE !!!!
Indices closed UP.
S&P 500 @ 2017.46, high 2018.66, low 2010.55
RSI @ 60.06
CMF @ 0.187
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by .91 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & 45 in Nasdaq
VIX Down 5.33% @ 16.17
Oil @ $47.10
Gold @ $1164.50
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE ended UP by close but internals were weak. Nasdaq closed above 50 DMA to join other indices which is technically positive. CMF is @ highest level since May of 2015, means money has been flowing back in @ rapid pace. Looking @ market RSI and VIX, i will not be surprised IF we pull back slightly to remove mini overbought conditions.Look for buying opportunities in quality stocks on any pullback.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2017.46, high 2018.66, low 2010.55
RSI @ 60.06
CMF @ 0.187
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by .91 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & 45 in Nasdaq
VIX Down 5.33% @ 16.17
Oil @ $47.10
Gold @ $1164.50
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE ended UP by close but internals were weak. Nasdaq closed above 50 DMA to join other indices which is technically positive. CMF is @ highest level since May of 2015, means money has been flowing back in @ rapid pace. Looking @ market RSI and VIX, i will not be surprised IF we pull back slightly to remove mini overbought conditions.Look for buying opportunities in quality stocks on any pullback.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed and trying to digest recent gains. Thin trading due to Columbus day and Canadian Thanksgiving.
S&P 500 @ 2014.26, low 2010.55, high 2018.66
Internals are negative
Oil Down $2.33
Gold UP $6.50
Canadian $ Down 58 tick @ 70.01
VIX Down 3.45% @ 16.49
Portfolio FB FIT FEYE LULU NXPI TSLA VDSI
Most stocks are down
@ 2.37 following are green :
FB FIT NXPI AMZN PCLN GOOGL BABA JKS
EXPE CMG MA V CRUS AMCC QIHU AAL
SBUX DATA BRCM......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2014.26, low 2010.55, high 2018.66
Internals are negative
Oil Down $2.33
Gold UP $6.50
Canadian $ Down 58 tick @ 70.01
VIX Down 3.45% @ 16.49
Portfolio FB FIT FEYE LULU NXPI TSLA VDSI
Most stocks are down
@ 2.37 following are green :
FB FIT NXPI AMZN PCLN GOOGL BABA JKS
EXPE CMG MA V CRUS AMCC QIHU AAL
SBUX DATA BRCM......
BLOG does NOT give buy or sell.
Saleem
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