Indices closed down.
S&P 500 @ 2080.41, low 2080.41, high 2093.81
RSI @ 54.63
CMF @ -0.045
Internals were :
Down volume led by 1.62 to 1 in NYSE & .79 to 1 in Nasdaq
Declining stocks led by 1.32 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 29 in NYSE & by 86 in Nasdaq
VIX UP 6.68% @ 16.13
Oil @ $41.65
Gold @ $1065.80
AH ER....LOCO UP 2.61%, WPRT Down 3.47%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure and all indices closed @ low of the day, S&P 500 closed @ absolute lowest point. This was a normal consolidation after huge gains, expect a resumption of high spirited buying again.All strong stocks took a time out again but sox continued its strong recovery. Diversification is highly recommended all the time as sector rotation takes hold.
BLOG does NOT give buy or sell.
Saleem
Monday, November 30, 2015
Indices are down .09% to .14%.....
Indices are marking time & digesting recent gains. It may be interesting to watch how close looks like today.
S&P 500 @ 2087.07, low 2081.96, high 2093.81
Internals are mostly negative
Oil Down 17 cents
Gold UP $10.90
Canadian $ UP 23 tick @ 66.53
VIX UP 7.14% @ 16.20...strange action......
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Most stocks are down
@ 2.40 following are green by 1% or more : :
BBRY CY FIT MU VDSI BIDU BABA NXPI CSIQ
YHOO CMG SU EBAY CRUS AMBA GMCR
ABX SLW GG AEM MGA MS VRX
WYNN AGU ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2087.07, low 2081.96, high 2093.81
Internals are mostly negative
Oil Down 17 cents
Gold UP $10.90
Canadian $ UP 23 tick @ 66.53
VIX UP 7.14% @ 16.20...strange action......
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Most stocks are down
@ 2.40 following are green by 1% or more : :
BBRY CY FIT MU VDSI BIDU BABA NXPI CSIQ
YHOO CMG SU EBAY CRUS AMBA GMCR
ABX SLW GG AEM MGA MS VRX
WYNN AGU ......
BLOG does NOT give buy or sell.
Saleem
Sunday, November 29, 2015
What next for indices......
Indices are flat to sideways for the last 6 trading days, trend is decidedly of basing pattern.
Basing action was necessary to digest recent gains which has been stellar.....
Many are wondering about the direction of this market, thinking it has gone too far too fast.
Fear is a healthy ingredient of a bull market, this market is a strong bull market.
Famous strategist late Marty Zweig was "always worried about market" which keeps all of us trigger happy.
Sometimes holding the trigger is the-best approach as championed by Fidelity's Magellan Fund super investor Peter Lynch, who managed that fund from 1977 to 1990 and had annual return of 29.2% consistently...best performance in the entire world......no wonder he retired @ age 46 and wrote many books, most famous "One UP on Wall Street " & "Beating the Street"......something to read up and implementing.
OK ..where are we in indices, here are some of the stat :
Nasdaq is only 2.05% away from making all time highs
S&P 500 is only 2.14% away from new all time highs
Dow is only 3.12% away from making new all time highs
Here are RSI numbers :
S&P 500 @ 58.43
Dow @ 59.06
Nasdaq @ 61.79
As we are in the strongest seasonality in markets, there is a more riding on this market to make series of new all time highs.
Many strong stocks will surprise most of the traders as they stay out of best ideas, many stocks are in basing pattern and are getting ready to run......
SO...do not tinker with small profits and let the winner run until First week of January, then we will re-evaluate.
Sometimes markets are giving all the signals of strength and stability....but we fail to go beyond our own "fears & assumptions"
All the indices are primed for 70 RSI.........
Stay with strong ideas and some new stocks which are gathering strength...
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Basing action was necessary to digest recent gains which has been stellar.....
Many are wondering about the direction of this market, thinking it has gone too far too fast.
Fear is a healthy ingredient of a bull market, this market is a strong bull market.
Famous strategist late Marty Zweig was "always worried about market" which keeps all of us trigger happy.
Sometimes holding the trigger is the-best approach as championed by Fidelity's Magellan Fund super investor Peter Lynch, who managed that fund from 1977 to 1990 and had annual return of 29.2% consistently...best performance in the entire world......no wonder he retired @ age 46 and wrote many books, most famous "One UP on Wall Street " & "Beating the Street"......something to read up and implementing.
OK ..where are we in indices, here are some of the stat :
Nasdaq is only 2.05% away from making all time highs
S&P 500 is only 2.14% away from new all time highs
Dow is only 3.12% away from making new all time highs
Here are RSI numbers :
S&P 500 @ 58.43
Dow @ 59.06
Nasdaq @ 61.79
As we are in the strongest seasonality in markets, there is a more riding on this market to make series of new all time highs.
Many strong stocks will surprise most of the traders as they stay out of best ideas, many stocks are in basing pattern and are getting ready to run......
SO...do not tinker with small profits and let the winner run until First week of January, then we will re-evaluate.
Sometimes markets are giving all the signals of strength and stability....but we fail to go beyond our own "fears & assumptions"
All the indices are primed for 70 RSI.........
Stay with strong ideas and some new stocks which are gathering strength...
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, November 27, 2015
Indices closed mixed......
Indices closed mixed after brutal selling in Shanghai. Black Friday was a very slow day. Commodities took a big hit as Oil & Gold took it on the chin......
S&P 500 @ 2090.11, high 2093.29, low 2084.13
RSI @ 58.43
CMF @ -0.057
Internals were :
UP volume led by .79 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & 49 in Nasdaq
VIX Down .46% @ 15.12
Oil @ $41.95
Gold $1056.20
Canadian $ @ 66.34...near multi year lows
Stocks which closed green included CY FB
BITA BIDU GOOGL TSL FEYE NFLX GPRO
NXPI TSLA CSIQ YUM SPWR CRUS CIEN FNSR
PANW AAL SPLK MCD STLD MA V DATA CSOD
MS BRCM GS MLNX.....
Here is my weighting :
FB 19.33%
LULU 16.84%
MU 14.26%
CNQ 13.84%
VDSI 11.92%
CY 10.40%
FIT 8.93%
BBRY 4.48%
Exposure 329%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.11, high 2093.29, low 2084.13
RSI @ 58.43
CMF @ -0.057
Internals were :
UP volume led by .79 to 1 in NYSE & 2.10 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & 49 in Nasdaq
VIX Down .46% @ 15.12
Oil @ $41.95
Gold $1056.20
Canadian $ @ 66.34...near multi year lows
Stocks which closed green included CY FB
BITA BIDU GOOGL TSL FEYE NFLX GPRO
NXPI TSLA CSIQ YUM SPWR CRUS CIEN FNSR
PANW AAL SPLK MCD STLD MA V DATA CSOD
MS BRCM GS MLNX.....
Here is my weighting :
FB 19.33%
LULU 16.84%
MU 14.26%
CNQ 13.84%
VDSI 11.92%
CY 10.40%
FIT 8.93%
BBRY 4.48%
Exposure 329%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 25, 2015
Indices closed mixed....
Indices closed mixed on a slow volume day prior to Thanksgiving. Friday is a half day trading only. Rest of the world exchanges are open full day Thursday & Friday.
S&P 500 @ 2088.87, low 2086.30, high 2093.00
RSI @ 58.09
CMF @ -0.037
Internals were :
UP volume led by .92 to 1 in NYSE & 1.95 to 1 in Nasdaq
Advancing stocks led by 1.57 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & by 46 in Nasdaq ( not a typo )
VIX Down 4.65% @ 15.19
Oil @ $43.04
Gold @ $1070.00
Canadian $ @ 67.08
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Stocks which closed UP 1% or more included CY FIT VDSI
NTES JKS BITA TWTR TSL FEYE BABA GPRO NXPI
TSLA CSIQ SINA EXPE ANTH YELP QIHU AMBA
M GMCR X DATA CSOD......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE digested its gains and remained unchanged, internals were stronger than previous days. Rotation is going on within many sectors. Some strong stocks took a breather today.Expect a positive half day on Friday.
There will be a closing BLOG on Friday.
Enjoy Thanksgiving holidays !
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2088.87, low 2086.30, high 2093.00
RSI @ 58.09
CMF @ -0.037
Internals were :
UP volume led by .92 to 1 in NYSE & 1.95 to 1 in Nasdaq
Advancing stocks led by 1.57 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & by 46 in Nasdaq ( not a typo )
VIX Down 4.65% @ 15.19
Oil @ $43.04
Gold @ $1070.00
Canadian $ @ 67.08
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Stocks which closed UP 1% or more included CY FIT VDSI
NTES JKS BITA TWTR TSL FEYE BABA GPRO NXPI
TSLA CSIQ SINA EXPE ANTH YELP QIHU AMBA
M GMCR X DATA CSOD......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE digested its gains and remained unchanged, internals were stronger than previous days. Rotation is going on within many sectors. Some strong stocks took a breather today.Expect a positive half day on Friday.
There will be a closing BLOG on Friday.
Enjoy Thanksgiving holidays !
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 24, 2015
Indices closed UP .01% to .12%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2089.14, high 2094.12, low 2070.29
RSI @ 58.19
CMF @ 0.026
Internals were :
UP volume led by 2.12 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk were unchanged in NYSE & lows were leading by 22 in Nasdaq
VIX UP 1.98% @ 15.93
Oil @ $42.87
Gold @ $1073.80
Stocks which were UP 1% or more included BBRY CNQ CY MU
JCP TWTR SWIR TSL COH GPRO LEN NXPI CSIQ SINA
DNKN CMG SU FSLR SPWR CRUS AMCC CIEN FNSR
PANW AMBA GMCR SPLK X STLD ABX SLW GG
AEM CCJ MGA BRCM Z WYNN AGU.......
AH ER....HPQ Down 7.72%
AH Futures Down
AH Asian Markets Down
AH Oil down
AH Gold UP
About market, TAPE was extremely resilient in wake of Turkey vs Russia incident, Russell, SOX came alive and big caps rested and pulled back slightly closing well above lows. Rotation is definitely taking hold with oil stocks taking the lead, most commodity stocks were strong. Diversified portfolio came into play today. Stay the course as we move higher in this strong season.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2089.14, high 2094.12, low 2070.29
RSI @ 58.19
CMF @ 0.026
Internals were :
UP volume led by 2.12 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk were unchanged in NYSE & lows were leading by 22 in Nasdaq
VIX UP 1.98% @ 15.93
Oil @ $42.87
Gold @ $1073.80
Stocks which were UP 1% or more included BBRY CNQ CY MU
JCP TWTR SWIR TSL COH GPRO LEN NXPI CSIQ SINA
DNKN CMG SU FSLR SPWR CRUS AMCC CIEN FNSR
PANW AMBA GMCR SPLK X STLD ABX SLW GG
AEM CCJ MGA BRCM Z WYNN AGU.......
AH ER....HPQ Down 7.72%
AH Futures Down
AH Asian Markets Down
AH Oil down
AH Gold UP
About market, TAPE was extremely resilient in wake of Turkey vs Russia incident, Russell, SOX came alive and big caps rested and pulled back slightly closing well above lows. Rotation is definitely taking hold with oil stocks taking the lead, most commodity stocks were strong. Diversified portfolio came into play today. Stay the course as we move higher in this strong season.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed after being down 100 Dow points on Turkish downing of Russian plane.
S&P 500 @ 2089.78, high 2093.44, low 2070.29
Internals are positive
Oil UP $1.19
Gold UP $7.90
Canadian $ UP 78 tick @ 67.15
VIX UP .77% @ 15.74
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Most stocks are UP
@ 2.53 following are red :
FB FIT VDSI NTES BITA BIDU AMZN LNKD
PCLN GOOGL BABA FEYE NFLX YHOO
EXPE QIHU AAL SBUX X DATA TRIP
MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2089.78, high 2093.44, low 2070.29
Internals are positive
Oil UP $1.19
Gold UP $7.90
Canadian $ UP 78 tick @ 67.15
VIX UP .77% @ 15.74
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Most stocks are UP
@ 2.53 following are red :
FB FIT VDSI NTES BITA BIDU AMZN LNKD
PCLN GOOGL BABA FEYE NFLX YHOO
EXPE QIHU AAL SBUX X DATA TRIP
MLNX......
BLOG does NOT give buy or sell.
Saleem
Monday, November 23, 2015
Indices closed down .05% to .27%.......
Indices closed down.
S&P 500 @ 2086.59, low 2081.39, 2095.61
RSI @ 57.56
CMF @ 0.010
Internals were :
Down volume led by 1.23 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 48 in NYSE & by 7 in Nasdaq
VIX UP .97% @ 15.62
Oil @ $41.75
Gold @ $1066.80
AH ER....PANW UP 3.77%, YY Down 3.56%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE rested today after sustained UP move, internals were mixed but remained healthy.Strong stocks continued their UP move even when market was mixed, a definite sign of strength, even battered CMG came along for the ride. Small caps were strong today another sign of evolving / rotational market. Stay with your exposure as the rally is getting broad based.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2086.59, low 2081.39, 2095.61
RSI @ 57.56
CMF @ 0.010
Internals were :
Down volume led by 1.23 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 48 in NYSE & by 7 in Nasdaq
VIX UP .97% @ 15.62
Oil @ $41.75
Gold @ $1066.80
AH ER....PANW UP 3.77%, YY Down 3.56%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE rested today after sustained UP move, internals were mixed but remained healthy.Strong stocks continued their UP move even when market was mixed, a definite sign of strength, even battered CMG came along for the ride. Small caps were strong today another sign of evolving / rotational market. Stay with your exposure as the rally is getting broad based.
BLOG does NOT give buy or sell.
Saleem
Indices down .34% to .37%......
Indices are lower as gold & other commodities are under pressure.
S&P 500 @ 2083.02, low 2081.39, high 2095.61
Internals are mostly negative
Oil Down 14 cents, struggling with $40 area
Gold Down $9.40.....5 year low
Canadian $ Down 31 cents @ 66.28...new multi year low
VIX UP 4.59% @ 16.18
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Most stocks are down
@ 2.51 following are green :
BBRY CNQ CY LULU JCP NTES AMZN BABA NFLX
COH LVS CSIQ YHOO CMG FSLR CIEN FNSR
QIHU AAL M SBUX MCD DATA WYNN
AGU......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2083.02, low 2081.39, high 2095.61
Internals are mostly negative
Oil Down 14 cents, struggling with $40 area
Gold Down $9.40.....5 year low
Canadian $ Down 31 cents @ 66.28...new multi year low
VIX UP 4.59% @ 16.18
Portfolio BBRY CNQ CY FB FIT LULU MU VDSI
Most stocks are down
@ 2.51 following are green :
BBRY CNQ CY LULU JCP NTES AMZN BABA NFLX
COH LVS CSIQ YHOO CMG FSLR CIEN FNSR
QIHU AAL M SBUX MCD DATA WYNN
AGU......
BLOG does NOT give buy or sell.
Saleem
Sunday, November 22, 2015
Can indices jump 2.88% this week........
Friday's close brought us these stat :
S&P 500 @ 2089.17....only 2.14% from making a new all time high
Nasdaq @ 5104.92......only 2.44% from making a new all time high
Dow @ 17823.81.......only 2.88% from making a new all time high
RSI in indices are as follows :
S&P 500 @ 58.38
Nasdaq @ 59.76
Dow @ 60.42
In terms of points we have to push through these numbers only :
S&P 500 needs 45.56 points to make it in new record high
Nasdaq needs 127.03 to make it in new record high
Dow needs 527.56 points to make it in new record high
Above numbers are easy to get to IF we have the buying momentum carries on into thanksgiving holiday, history is positive for the market during thanksgiving week.
Recent TAPE has taken us into 70 RSI in all indices then a pullback has come.
BUT we have pulled back from current level in RSI for few days before marching on towards 70 RSI..
History is also telling us to remain engaged until 70 RSI is attained.....risk / reward is very good....
BUT only the strongest stocks are performing and making new all time highs, while laggards are remaining laggard......
Strong stocks are all high in $ value for small players to get in, too much capital outlay is required to have a meaningful position, thus institutions & hedge funds are heavily involved in high flying stocks.
Mergers and acquisition is happening in SOX which remains ripe for takeovers...due to low valuation....
Russell & Mid caps are struggling to make any meaningful move yet......
After any pullback which may last no more than 3 days, it is prudent to look into entry in strong stocks, even a minor position works well.
In conclusion, it appears that a Thanksgiving all time highs may be in the cards.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2089.17....only 2.14% from making a new all time high
Nasdaq @ 5104.92......only 2.44% from making a new all time high
Dow @ 17823.81.......only 2.88% from making a new all time high
RSI in indices are as follows :
S&P 500 @ 58.38
Nasdaq @ 59.76
Dow @ 60.42
In terms of points we have to push through these numbers only :
S&P 500 needs 45.56 points to make it in new record high
Nasdaq needs 127.03 to make it in new record high
Dow needs 527.56 points to make it in new record high
Above numbers are easy to get to IF we have the buying momentum carries on into thanksgiving holiday, history is positive for the market during thanksgiving week.
Recent TAPE has taken us into 70 RSI in all indices then a pullback has come.
BUT we have pulled back from current level in RSI for few days before marching on towards 70 RSI..
History is also telling us to remain engaged until 70 RSI is attained.....risk / reward is very good....
BUT only the strongest stocks are performing and making new all time highs, while laggards are remaining laggard......
Strong stocks are all high in $ value for small players to get in, too much capital outlay is required to have a meaningful position, thus institutions & hedge funds are heavily involved in high flying stocks.
Mergers and acquisition is happening in SOX which remains ripe for takeovers...due to low valuation....
Russell & Mid caps are struggling to make any meaningful move yet......
After any pullback which may last no more than 3 days, it is prudent to look into entry in strong stocks, even a minor position works well.
In conclusion, it appears that a Thanksgiving all time highs may be in the cards.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, November 20, 2015
Indices closed UP .38% to .62%.....NICE !!!!
Indices closed UP to cap the best gain for S&P 500 in 2015, Mario Draghi was the catalyst today with talk of stimulus.
S&P 500 @ 2089.17, high 2097.06, low 2082.82
RSI @ 58.38
CMF @ 0.026
Internals were :
UP volume led by 1.01 to 1 in NYSE & 2.09 to 1 in Nasdaq
Advancing stocks led by 1.45 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk lows were leading by 42 in NYSE & by 12 in Nasdaq
VIX Down 8.95% @ 15.47
Oil @ $40.30
Gold @ $1076.30
Canadian $ @ 66.52.....staying near multi year low
Stocks which were UP 1% or more included FB LULU NFLX
JCP NTES JKS SWIR LNKD AMZN GOOGL BABA COH
FEYE CSIQ YHOO DNKN EBAY YUM YELP FSLR
SPWR YNDX LSCC CIEN FNSR QIHU AMBA
VRX BRCM.....
In my portfolio :
Sold FB @ $107.50
Sold NFLX @ $121.50
Added 250% MU @ $15.56
Bought BBRY @ $7.81
Bought FB @ $107.50.....yes it was "rebought" after rethink.....
Here is my weighting :
FB 19.78%
LULU 15.89%
CNQ 14.22%
MU 14.22%
VDSI 12.72%
CY 9.79%
FIT 8.90%
BBRY 4.48%
Exposure 329%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2089.17, high 2097.06, low 2082.82
RSI @ 58.38
CMF @ 0.026
Internals were :
UP volume led by 1.01 to 1 in NYSE & 2.09 to 1 in Nasdaq
Advancing stocks led by 1.45 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk lows were leading by 42 in NYSE & by 12 in Nasdaq
VIX Down 8.95% @ 15.47
Oil @ $40.30
Gold @ $1076.30
Canadian $ @ 66.52.....staying near multi year low
Stocks which were UP 1% or more included FB LULU NFLX
JCP NTES JKS SWIR LNKD AMZN GOOGL BABA COH
FEYE CSIQ YHOO DNKN EBAY YUM YELP FSLR
SPWR YNDX LSCC CIEN FNSR QIHU AMBA
VRX BRCM.....
In my portfolio :
Sold FB @ $107.50
Sold NFLX @ $121.50
Added 250% MU @ $15.56
Bought BBRY @ $7.81
Bought FB @ $107.50.....yes it was "rebought" after rethink.....
Here is my weighting :
FB 19.78%
LULU 15.89%
CNQ 14.22%
MU 14.22%
VDSI 12.72%
CY 9.79%
FIT 8.90%
BBRY 4.48%
Exposure 329%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 19, 2015
Indices closed down .02% to .11%......
Indices closed down.
S&P 500 @ 2081.24, low 2078.76, high 2086.74
RSI @ 56.61
CMF @ 0.063
Internals were :
Down volume led by 1.03 to 1 in NYSE & .81 to 1 in Nasdaq
Declining stocks led by .94 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & by 43 in Nasdaq
VIX UP .83% @ 16.99
Oil @ $40.54
Gold @ $1077.90
AH ER...ROST UP 8.25%, WDAY Down 6.17%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE digested huge run after Fed minutes, this is very healthy to not lose gains from previous day. TAPE and many stocks are setting UP to make new all time highs. Look @ leaders and place few in your portfolio, they have much more room to run. Stay with this market for more gains with conviction.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.24, low 2078.76, high 2086.74
RSI @ 56.61
CMF @ 0.063
Internals were :
Down volume led by 1.03 to 1 in NYSE & .81 to 1 in Nasdaq
Declining stocks led by .94 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & by 43 in Nasdaq
VIX UP .83% @ 16.99
Oil @ $40.54
Gold @ $1077.90
AH ER...ROST UP 8.25%, WDAY Down 6.17%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE digested huge run after Fed minutes, this is very healthy to not lose gains from previous day. TAPE and many stocks are setting UP to make new all time highs. Look @ leaders and place few in your portfolio, they have much more room to run. Stay with this market for more gains with conviction.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are resting today after a huge move UP yesterday.
S&P 500 @ 2081.06, low 2078.76, high 2086.74
Internals are mostly negative
Oil Down 18 cents
Gold UP $12.20
Canadian $ UP 1 tick @ 67.04
VIX UP 1.60% @ 17.12
In my portfolio :
Bought MU @ $16.20
Portfolio CNQ CY FB FIT LULU MU NFLX VDSI
Most stocks are down
@ 2.41 following are green :
FIT LULU MU BBRY NTES BITA TWTR BIDU
LNKD PCLN AAPL BABA FEYE TSLA CMG
SINA QIHU AMBA AAL GMCR MCD ABX
SLW GG AEM CSOD VRX AGU TRIP....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.06, low 2078.76, high 2086.74
Internals are mostly negative
Oil Down 18 cents
Gold UP $12.20
Canadian $ UP 1 tick @ 67.04
VIX UP 1.60% @ 17.12
In my portfolio :
Bought MU @ $16.20
Portfolio CNQ CY FB FIT LULU MU NFLX VDSI
Most stocks are down
@ 2.41 following are green :
FIT LULU MU BBRY NTES BITA TWTR BIDU
LNKD PCLN AAPL BABA FEYE TSLA CMG
SINA QIHU AMBA AAL GMCR MCD ABX
SLW GG AEM CSOD VRX AGU TRIP....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 18, 2015
Indices closed UP 1.42% to 1.79%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2083.58, high 2085.31, low 2051.99
RSI @ 57.28
CMF @ 0.128
Internals were :
UP volume led by 8.20 to 1 in NYSE & 2.97 to 1 in Nasdaq
Advancing stocks led by 3.19 to 1 in NYSE & 2.50 to 1 in Nasdaq
Net new 52 wk lows were leading by 60 in NYSE & 71 in Nasdaq
VIX Down 10.56% @ 16.85
Oil @ $40.75
Gold @ $1068.70
Stocks which were UP 2% or more included
CY FB LULU NFLX
BBRY JCP JKS MU BITA
TWTR BIDU AMZN AAPL TSL
FEYE VRX COH LEN NXPI TSLA
CSIQ SINA EXPE GOOG V ANTH YELP
FSLR SPWR YNDX HIMX CRUS AMCC LSCC
M SBUX X STLD ABX SLW GG AEM MGA Z TRIP....
AH ER...CRM UP 5.55%, CTRP UP 13.6%, GMCR UP 19.11%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Fed minutes majority consensus on December rate hike removes uncertainty about timing, market hates uncertainty, thus a major move UP in all indices. Indices closed near high of the day and internals improved big time. All indices are above 50 & 200 DMA which is a powerful technical set up. Stay with strong stocks as they are in overdrive and have more room to run.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2083.58, high 2085.31, low 2051.99
RSI @ 57.28
CMF @ 0.128
Internals were :
UP volume led by 8.20 to 1 in NYSE & 2.97 to 1 in Nasdaq
Advancing stocks led by 3.19 to 1 in NYSE & 2.50 to 1 in Nasdaq
Net new 52 wk lows were leading by 60 in NYSE & 71 in Nasdaq
VIX Down 10.56% @ 16.85
Oil @ $40.75
Gold @ $1068.70
Stocks which were UP 2% or more included
CY FB LULU NFLX
BBRY JCP JKS MU BITA
TWTR BIDU AMZN AAPL TSL
FEYE VRX COH LEN NXPI TSLA
CSIQ SINA EXPE GOOG V ANTH YELP
FSLR SPWR YNDX HIMX CRUS AMCC LSCC
M SBUX X STLD ABX SLW GG AEM MGA Z TRIP....
AH ER...CRM UP 5.55%, CTRP UP 13.6%, GMCR UP 19.11%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Fed minutes majority consensus on December rate hike removes uncertainty about timing, market hates uncertainty, thus a major move UP in all indices. Indices closed near high of the day and internals improved big time. All indices are above 50 & 200 DMA which is a powerful technical set up. Stay with strong stocks as they are in overdrive and have more room to run.
BLOG does NOT give buy or sell.
Saleem
Indices UP .93% to 1.21%.....NICE !!!!
Indices are @ their high of the day on Fed meeting minutes which shows an agreement for December hike, market is liking this consensus or uncertainty out of the way.
S&P 500 @ 2071.74, high 2075.99, low 2051.99
Internals are positive by 2 to 1.
Oil Down 1 cent
Gold UP $1.00
Canadian $ Down 30 tick @ 66.53
VIX Down 7.17% @ 17.49
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are UP
@ 2.34 following are down :
CNQ FIT SWIR GPRO BABA YHOO SU
QIHU AAL WYNN......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2071.74, high 2075.99, low 2051.99
Internals are positive by 2 to 1.
Oil Down 1 cent
Gold UP $1.00
Canadian $ Down 30 tick @ 66.53
VIX Down 7.17% @ 17.49
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are UP
@ 2.34 following are down :
CNQ FIT SWIR GPRO BABA YHOO SU
QIHU AAL WYNN......
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 17, 2015
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2050.44, low 2045.90, high 2066.69
RSI @ 49.43
CMF @ 0.045
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.66 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 95 in NYSE & by 101 in Nasdaq
VIX UP 3.74% @ 18.84
Oil @ $40.67
Gold @ $1068.60
AH ER....VIPS UP 2.63%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was higher until news of security issues came from Germany, market did not closed down on jittery news which is very encouraging. Staying engaged in strong stocks are a much better bet than buying laggards, i tend to have a mix of both but with lot of due diligence. Until Fed decision on interest rate increase, this TAPE will remain in a see saw mode. Diversified approach in many sectors may have a balancing effect on portfolio.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2050.44, low 2045.90, high 2066.69
RSI @ 49.43
CMF @ 0.045
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.66 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 95 in NYSE & by 101 in Nasdaq
VIX UP 3.74% @ 18.84
Oil @ $40.67
Gold @ $1068.60
AH ER....VIPS UP 2.63%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was higher until news of security issues came from Germany, market did not closed down on jittery news which is very encouraging. Staying engaged in strong stocks are a much better bet than buying laggards, i tend to have a mix of both but with lot of due diligence. Until Fed decision on interest rate increase, this TAPE will remain in a see saw mode. Diversified approach in many sectors may have a balancing effect on portfolio.
BLOG does NOT give buy or sell.
Saleem
Indices UP .11% to .30%.....NICE !!!!
Indices are higher after some hesitation earlier.
S&P 500 @ 2054.54, high 2066.69, low 2049.68
Internals are mixed
Oil Down 84 cents
Gold Down $14.80
Canadian $ UP 14 tick @ 66.86
VIX UP 2.09% @ 18.54
In my portfolio :
Added 30% CY @ $9.93
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.33 following are green :
FB NFLX VDSI MU SINA DNKN SU YUM
YNDX HIMX CRUS AMCC LSCC AMBA
SPLK SBUX DATA BRCM Z MLNX.....
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 2054.54, high 2066.69, low 2049.68
Internals are mixed
Oil Down 84 cents
Gold Down $14.80
Canadian $ UP 14 tick @ 66.86
VIX UP 2.09% @ 18.54
In my portfolio :
Added 30% CY @ $9.93
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.33 following are green :
FB NFLX VDSI MU SINA DNKN SU YUM
YNDX HIMX CRUS AMCC LSCC AMBA
SPLK SBUX DATA BRCM Z MLNX.....
BLOG does NOT give buy or sell
Saleem
Monday, November 16, 2015
Indices closed UP 1.15% to 1.49%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2053.19, high 2053.22, low 2019.39
RSI @ 50.14
CMF @ 0.061
Internals were :
UP volume led by 5.36 to 1 in NYSE & 2.56 to 1 in Nasdaq
Advancing stocks led by 2.69 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & by 134 in Nasdaq
VIX Down 9.56% @ 18.16
Oil @ $41.74
Gold @ $1083.60
Stocks which were UP 3% or more CNQ FIT NFLX VDSI
BBRY JKS SWIR BABA TSLA SINA SU HIMX.......
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was super strong despite Paris, market felt that these events are not going to impact economically, thus closing @ high of the day. Strong stocks outperformed in this snapback. Oil came back from extreme oversold conditions. Carter Worth is not impressed with internals of this market and is predicting 1800 in S&P 500. Focus on strong stocks and not worry too much about direction of market, as most of us cannot predict market even for half day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2053.19, high 2053.22, low 2019.39
RSI @ 50.14
CMF @ 0.061
Internals were :
UP volume led by 5.36 to 1 in NYSE & 2.56 to 1 in Nasdaq
Advancing stocks led by 2.69 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & by 134 in Nasdaq
VIX Down 9.56% @ 18.16
Oil @ $41.74
Gold @ $1083.60
Stocks which were UP 3% or more CNQ FIT NFLX VDSI
BBRY JKS SWIR BABA TSLA SINA SU HIMX.......
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was super strong despite Paris, market felt that these events are not going to impact economically, thus closing @ high of the day. Strong stocks outperformed in this snapback. Oil came back from extreme oversold conditions. Carter Worth is not impressed with internals of this market and is predicting 1800 in S&P 500. Focus on strong stocks and not worry too much about direction of market, as most of us cannot predict market even for half day.
BLOG does NOT give buy or sell.
Saleem
Indices UP .73% to 1.01%.....NICE !!!!
Indices are UP despite anxiety over economic impact due to Paris, stocks were oversold after 8 days of relentless selling, more reason for a snapback to high of the day.
S&P 500 @ 2042.79, high 2043.55, low 2019.39
Internals are positive by 2 to 1 in NYSE.
Oil UP $1.35
Gold UP $2.10
Canadian $ Down 1 tick @ 66.68
VIX Down 7.37% @ 18.60
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are UP
@ 2.32 following are red :
FB CY PCLN VRX CSIQ EXPE CMG YUM
ANTH AAL M GG CCJ DATA CSOD
MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2042.79, high 2043.55, low 2019.39
Internals are positive by 2 to 1 in NYSE.
Oil UP $1.35
Gold UP $2.10
Canadian $ Down 1 tick @ 66.68
VIX Down 7.37% @ 18.60
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are UP
@ 2.32 following are red :
FB CY PCLN VRX CSIQ EXPE CMG YUM
ANTH AAL M GG CCJ DATA CSOD
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 15, 2015
Monday another difficult open for indices.....
Indices are sitting ready to take out 50 DMA in all indices, thanks to Paris situation.
Here is how indices has fared so far in last 8 trading days :
-Dow down 4.08%
-S&P 500 down 4.41%
-Nasdaq down 4.56%
Here is how RSI is sitting after 8 trading days :
-Nasdaq @ 43.73
-Dow @ 43.33
-S&P 500 @ 41.61
In distress situation, RSI can tumble to 30 or even hair below 30 before it is "deeply oversold"
Interest hike fears have taken hold on the trading psyche of traders and market participant.
Commodities are being trashed with US$ flying high on interest rate hike scenario....
BUT.....there may be silver lining due to Paris effect, and they are :
-Oil may move UP
-Gold may move UP
-Indices may open sharply lower, unless Fed makes a "contrary statement of interest rate in US staying put"
In any "unusual situation like Paris" reaction may be sharply lower but may stabilise by end of trading day......that is the hope, let us see IF it plays out that way.
Again, Monday may present buying opportunity in strong stocks.......
IF you have been waiting to buy or increase your exposure, Monday open may give you a very good entry, it is better to be lucky than smart.
On a personal note, last week was my worst week ever in 4++ decade of trading, 12% loss in 1 week, thanks to FIT for majority of losses.
BLOG does NOT give buy or sell.
Saleem
Here is how indices has fared so far in last 8 trading days :
-Dow down 4.08%
-S&P 500 down 4.41%
-Nasdaq down 4.56%
Here is how RSI is sitting after 8 trading days :
-Nasdaq @ 43.73
-Dow @ 43.33
-S&P 500 @ 41.61
In distress situation, RSI can tumble to 30 or even hair below 30 before it is "deeply oversold"
Interest hike fears have taken hold on the trading psyche of traders and market participant.
Commodities are being trashed with US$ flying high on interest rate hike scenario....
BUT.....there may be silver lining due to Paris effect, and they are :
-Oil may move UP
-Gold may move UP
-Indices may open sharply lower, unless Fed makes a "contrary statement of interest rate in US staying put"
In any "unusual situation like Paris" reaction may be sharply lower but may stabilise by end of trading day......that is the hope, let us see IF it plays out that way.
Again, Monday may present buying opportunity in strong stocks.......
IF you have been waiting to buy or increase your exposure, Monday open may give you a very good entry, it is better to be lucky than smart.
On a personal note, last week was my worst week ever in 4++ decade of trading, 12% loss in 1 week, thanks to FIT for majority of losses.
BLOG does NOT give buy or sell.
Saleem
Friday, November 13, 2015
Indices closed down 1.12% to 1.54%.....
Indices closed down @ low of the day on poor retail sales & oil going to $40.74. Nasdaq closed below 200 DMA joining Dow & S&P 500.
S&P 500 @ 2023.04, low 2022.02, high 2044.64
RSI @ 41.61
CMF @ 0.051
Internals were :
Down volume led by 2.09 to 1 in NYSE & 2.95 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk lows were leading by 204 in NYSE & 173 in Nasdaq
VIX UP 9.31% @ 20.08
Oil @ $40.74
Gold @ $1080.90
Doubled my position in NFLX @ $104.33
Here is my weighting :
FB 26.36%
LULU 15.99%
CNQ 15.02%
VDSI 13.86%
NFLX 10.51%
FIT 9.85%
CY 8.41%
Exposure 319%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2023.04, low 2022.02, high 2044.64
RSI @ 41.61
CMF @ 0.051
Internals were :
Down volume led by 2.09 to 1 in NYSE & 2.95 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk lows were leading by 204 in NYSE & 173 in Nasdaq
VIX UP 9.31% @ 20.08
Oil @ $40.74
Gold @ $1080.90
Doubled my position in NFLX @ $104.33
Here is my weighting :
FB 26.36%
LULU 15.99%
CNQ 15.02%
VDSI 13.86%
NFLX 10.51%
FIT 9.85%
CY 8.41%
Exposure 319%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Indices down .91% to 1.27%....
Indices are lower due to weakness in retail stocks & lower oil.
S&P 500 @ 2027.39, low 2026.59, high 2044.64
Internals are negative by less than 2 to 1
Oil Down $1.05
Gold UP 80 cents
Canadian $ Down 31 tick @ 66.79...lowest level in 6 months
VIX UP 9.64% @ 20.14
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.49 following are green :
CNQ CY VRX YUM ANTH YELP HIMX
CIEN SPLK X STLD SLW GG AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2027.39, low 2026.59, high 2044.64
Internals are negative by less than 2 to 1
Oil Down $1.05
Gold UP 80 cents
Canadian $ Down 31 tick @ 66.79...lowest level in 6 months
VIX UP 9.64% @ 20.14
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.49 following are green :
CNQ CY VRX YUM ANTH YELP HIMX
CIEN SPLK X STLD SLW GG AGU.....
BLOG does NOT give buy or sell.
Saleem
Thursday, November 12, 2015
Indices closed down 1.22% to 1.44%......
Indices closed down.
S&P 500 @ 2045.95, low 2045.66, high 2072.29
RSI @ 47.33
CMF @ 0.147
Internals were :
Down volume led by 9.28 to 1 in NYSE & 3.84 to 1 in Nasdaq
Declining stocks led by 4.51 to 1 in NYSE & 3.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 164 in NYSE & 110 in Nasdaq
VIX UP 14.38% @ 18.37
Oil @ $41.75
Gold @ $1081.00
AH ER....CSCO Down 5.07%, LOCO Down 8.25%
JWN Down 19.45%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under intense selling pressure thanks to Oil, Commodities & Fed statements for higher rates, indices closed @ low of the day and went below 200 DMA in Dow & S&P 500. Was this the final flush before we stabilise and go higher, only Friday's TAPE may confirm this. Still recommend holding strong stocks in this challenging environment.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2045.95, low 2045.66, high 2072.29
RSI @ 47.33
CMF @ 0.147
Internals were :
Down volume led by 9.28 to 1 in NYSE & 3.84 to 1 in Nasdaq
Declining stocks led by 4.51 to 1 in NYSE & 3.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 164 in NYSE & 110 in Nasdaq
VIX UP 14.38% @ 18.37
Oil @ $41.75
Gold @ $1081.00
AH ER....CSCO Down 5.07%, LOCO Down 8.25%
JWN Down 19.45%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under intense selling pressure thanks to Oil, Commodities & Fed statements for higher rates, indices closed @ low of the day and went below 200 DMA in Dow & S&P 500. Was this the final flush before we stabilise and go higher, only Friday's TAPE may confirm this. Still recommend holding strong stocks in this challenging environment.
BLOG does NOT give buy or sell.
Saleem
Indices down .64% to 1.04%.....
Indices are under selling pressure & @ low of the day, due to weak oil, commodity and interest rate fear.
S&P 500 @ 2055.73, low 2054.19, high 2072.29
Internals are negative by 4 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down $1.14
Gold Down $2.80
Canadian $ Down 22 tick @ 67.19
VIX UP 9.28% @ 17.55
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.45 following are green :
LULU BBRY JCP LNKD FEYE YHOO SINA
ANTH YELP QIHU M SPLK ABX SLW
CSOD......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2055.73, low 2054.19, high 2072.29
Internals are negative by 4 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down $1.14
Gold Down $2.80
Canadian $ Down 22 tick @ 67.19
VIX UP 9.28% @ 17.55
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.45 following are green :
LULU BBRY JCP LNKD FEYE YHOO SINA
ANTH YELP QIHU M SPLK ABX SLW
CSOD......
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 11, 2015
All indices closed down .32%......
Indices closed down.
S&P 500 @ 2075.00, low 2074.85, high 2086.94
RSI @ 56.45
CMF @ 0.245
Internals were :
Down volume led by 1.88 to 1 in NYSE & 2.18 to 1 in Nasdaq
Declining stocks led by 1.34 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk lows were leading by 65 in NYSE & by 26 in Nasdaq
VIX UP 5.04% @ 16.06
Oil @ $42.93
Gold @ $1084.90
AH ER ...NTES UP 5.96%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure from M ER and Oil tanking again. First time i have seen all indices closing down by same %. Volume was low due to veterans day. TAPE is drifting with many negative data from different sectors. Hopefully we will find footing and move UP any moment now. Stay with your conviction and in the end everything will turn out more than OK.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2075.00, low 2074.85, high 2086.94
RSI @ 56.45
CMF @ 0.245
Internals were :
Down volume led by 1.88 to 1 in NYSE & 2.18 to 1 in Nasdaq
Declining stocks led by 1.34 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk lows were leading by 65 in NYSE & by 26 in Nasdaq
VIX UP 5.04% @ 16.06
Oil @ $42.93
Gold @ $1084.90
AH ER ...NTES UP 5.96%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure from M ER and Oil tanking again. First time i have seen all indices closing down by same %. Volume was low due to veterans day. TAPE is drifting with many negative data from different sectors. Hopefully we will find footing and move UP any moment now. Stay with your conviction and in the end everything will turn out more than OK.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on retail earning.
S&P 500 @ 2079.50, low 2075.02, high 2086.94
Internals are negative
Oil Down $1.25
Gold Down $4.60
Canadian $ UP 11 tick @ 67.37
VIX UP 2.62% @ 15.69
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.47 following are UP :
FB NFLX VDSI BITA BIDU AMZN PCLN
GOOGL QIHU AMCC CSIQ MCD AEM
STLD MA V BRCM TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2079.50, low 2075.02, high 2086.94
Internals are negative
Oil Down $1.25
Gold Down $4.60
Canadian $ UP 11 tick @ 67.37
VIX UP 2.62% @ 15.69
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.47 following are UP :
FB NFLX VDSI BITA BIDU AMZN PCLN
GOOGL QIHU AMCC CSIQ MCD AEM
STLD MA V BRCM TRIP.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 10, 2015
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2081.72, high 2083.67, low 2069.91
RSI @ 58.89
CMF @ 0.256
Internals were :
UP volume led by 1.27 to 1 in NYSE & .78 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk lows were leading by 55 in NYSE & by 25 in Nasdaq
VIX Down 7.45% @ 15.29
Oil @ $44.21
Gold @ $1088.50
AH ER...WPRT Down 12.2%, ATML Down 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under mild selling pressure again, but managed to erase most of its losses and managed to close green in S&P 500 & Dow. TAPE has been resting after big gain for last 5 trading days, it seems that selling has dried up and we are looking @ higher prices. Many stocks are bucking the trend and staying near all time highs, this is a very good sign of stability in leaders. Stay with strength and prune losers.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.72, high 2083.67, low 2069.91
RSI @ 58.89
CMF @ 0.256
Internals were :
UP volume led by 1.27 to 1 in NYSE & .78 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk lows were leading by 55 in NYSE & by 25 in Nasdaq
VIX Down 7.45% @ 15.29
Oil @ $44.21
Gold @ $1088.50
AH ER...WPRT Down 12.2%, ATML Down 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under mild selling pressure again, but managed to erase most of its losses and managed to close green in S&P 500 & Dow. TAPE has been resting after big gain for last 5 trading days, it seems that selling has dried up and we are looking @ higher prices. Many stocks are bucking the trend and staying near all time highs, this is a very good sign of stability in leaders. Stay with strength and prune losers.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed and near best level of the day, profit taking and reaction to many negative news may have worked off already.
S&P 500 @ 2078.69, high 2080.02, low 2069.91
Internals are mostly negative
Oil UP 30 cents
Gold Down 40 cents
Canadian $ UP 18 tick @ 67.35
VIX Down 4.96% @ 15.70
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.38 following are green :
FB NFLX JCP BIDU AMZN PCLN GOOGL
BABA COH LEN YHOO DNKN CMG
SU V YELP M SBUX MCD X GS
TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.69, high 2080.02, low 2069.91
Internals are mostly negative
Oil UP 30 cents
Gold Down 40 cents
Canadian $ UP 18 tick @ 67.35
VIX Down 4.96% @ 15.70
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.38 following are green :
FB NFLX JCP BIDU AMZN PCLN GOOGL
BABA COH LEN YHOO DNKN CMG
SU V YELP M SBUX MCD X GS
TRIP......
BLOG does NOT give buy or sell.
Saleem
Monday, November 9, 2015
Indices closed down .98% to 1.01%........
Indices closed lower.
S&P 500 @ 2078.58, low 2068.24, high 2096.56
RSI @ 58.11
CMF @ 0.190
Internals were :
Down volume led by 4.49 to 1 in NYSE & 3.33 to 1 in Nasdaq
Declining stocks led by 3.95 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 59 in NYSE & highs by 18 in Nasdaq
VIX UP 15.28% @ 16.52
Oil @ $43.87
Gold @ $1088.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE got hit with many negative news like Chinese slowdown in imports & exports, OECD reducing worldwide growth and interest rate jitters, based on all the issues we did not close near low of the day and volume was low also.Dow & S&P 500 are very close to 200 DMA but Nasdaq is well above which is a sign of strength. I do not see today's TAPE as a sign of any change in the direction of this bull run. Weakness need to be bought or maintain your exposure.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.58, low 2068.24, high 2096.56
RSI @ 58.11
CMF @ 0.190
Internals were :
Down volume led by 4.49 to 1 in NYSE & 3.33 to 1 in Nasdaq
Declining stocks led by 3.95 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 59 in NYSE & highs by 18 in Nasdaq
VIX UP 15.28% @ 16.52
Oil @ $43.87
Gold @ $1088.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE got hit with many negative news like Chinese slowdown in imports & exports, OECD reducing worldwide growth and interest rate jitters, based on all the issues we did not close near low of the day and volume was low also.Dow & S&P 500 are very close to 200 DMA but Nasdaq is well above which is a sign of strength. I do not see today's TAPE as a sign of any change in the direction of this bull run. Weakness need to be bought or maintain your exposure.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.18% to 1.30%.....
Growth fear for worldwide economies are taking a toll in US market. Rate hike is another negative.
S&P 500 @ 2074.47, low 2068.24, high 2096.56
Internals are negative by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 39 cents
Gold UP $2.00
Canadian $ UP 33 tick @ 67.27
VIX UP 16.40% @ 16.68
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.45 following are green :
GPRO LNKD VRX NXPI YNDX LSCC AMBA
ABX SLW AEM GG AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2074.47, low 2068.24, high 2096.56
Internals are negative by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 39 cents
Gold UP $2.00
Canadian $ UP 33 tick @ 67.27
VIX UP 16.40% @ 16.68
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.45 following are green :
GPRO LNKD VRX NXPI YNDX LSCC AMBA
ABX SLW AEM GG AGU.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 8, 2015
Bull market is on strong footing.........
SO...everyone was worried about jobs report and its implication on interest rate & market ?
Jobs report was a super strong 271K....
What did the market do on that jobs report, most indices went UP......
Many market watchers are extremely confused about their own thesis these days, endless wait for a major pullback.......
This market has been on a bull run since last week of September when it stood @ 1871.91, it shot UP to 2116.48 in a short span of 25 trading days, it was a move of 1660.23 points or 8.87%......
Last 3 trading days it gave up only 32.74 points or 1.55% on jobs report fear.......
In a strong bull market, it has its own momentum and it hardly misses a beat even with "so called rate changing moment"
It is important to understand this bull market, we are headed much higher to series of all time highs.
Seasonally we are in the strongest part, which should add more fuel to this bull fire......
Currently RSI stands @ 65.77 after hitting 70 twice, we seems to be ready to move well beyond 70 RSI this time, high 70's could be in the cards........
Many strong momentum names are making all time highs, that is a tell tale of the strength of this bull market.
Even bad earnings stocks are slowly creeping back up like NFLX......
When market rewards bad earning, one has to accept the strength of this market.
Highly recommend highest exposure based on your "risk tolerance"
This bull market is getting warmed up now for a "major bull run"
We have been discounting slumping China, weak Europe, weak Asia, weak South America and weak Canada...but they are all showing a "pulse in their economy now"
Once they come on board for economic expansion, this bull will roar to levels not imagined by most traders.....
SO....give this market a chance to grow your portfolio, quick profit days are over, it is the long term approach that will pay off handsomely......remember bull market of 60's when nifty fifty ruled...that is where we are heading, it was a decade run.....
Good luck with your own take and your own strategies.
I am all in......
BLOG does NOT give buy or sell.
Saleem
Jobs report was a super strong 271K....
What did the market do on that jobs report, most indices went UP......
Many market watchers are extremely confused about their own thesis these days, endless wait for a major pullback.......
This market has been on a bull run since last week of September when it stood @ 1871.91, it shot UP to 2116.48 in a short span of 25 trading days, it was a move of 1660.23 points or 8.87%......
Last 3 trading days it gave up only 32.74 points or 1.55% on jobs report fear.......
In a strong bull market, it has its own momentum and it hardly misses a beat even with "so called rate changing moment"
It is important to understand this bull market, we are headed much higher to series of all time highs.
Seasonally we are in the strongest part, which should add more fuel to this bull fire......
Currently RSI stands @ 65.77 after hitting 70 twice, we seems to be ready to move well beyond 70 RSI this time, high 70's could be in the cards........
Many strong momentum names are making all time highs, that is a tell tale of the strength of this bull market.
Even bad earnings stocks are slowly creeping back up like NFLX......
When market rewards bad earning, one has to accept the strength of this market.
Highly recommend highest exposure based on your "risk tolerance"
This bull market is getting warmed up now for a "major bull run"
We have been discounting slumping China, weak Europe, weak Asia, weak South America and weak Canada...but they are all showing a "pulse in their economy now"
Once they come on board for economic expansion, this bull will roar to levels not imagined by most traders.....
SO....give this market a chance to grow your portfolio, quick profit days are over, it is the long term approach that will pay off handsomely......remember bull market of 60's when nifty fifty ruled...that is where we are heading, it was a decade run.....
Good luck with your own take and your own strategies.
I am all in......
BLOG does NOT give buy or sell.
Saleem
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