Indices closed @ low of the day on weak economic data ignoring rise in oil prices. S&P 500 & Dow are below 50 & 200 DMA while Nasdaq closed below 50 DMA still above 200 DMA.
S&P 500 @ 2043.94, low 2043.62, high 2062.54
RSI @ 47.57
CMF @ -0.021
Internals were :
Down volume led by 2.05 to 1 in NYSE & 2.53 to 1 in Nasdaq
Declining stocks led by 1.62 to 1 in NYSE & 1.83 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & 49 in Nasdaq
VIX UP 5.32% @ 18.21
Oil @ $37.04
Gold @ $1060.20
Canadian $ @ 61.77
Stocks which closed green included BITA CNQ
TCK NTES TWTR SWIR TSL LULU TSLA
CSIQ SINA YELP QIHU SPLK SU ABX
SLW AEM CCJ COH WYNN.....
Here is my weighting :
FB 29.00%
CNQ 12.60%
BITA 11.10%
VDSI 10.82%
NFLX 10.56%
CY 9.74%
FIT 9.54%
BBRY 6.63%
Exposure 324%
Next post by 2 PM on Sunday.
Wishing a very happy & prosperous New Year to all BLOG visitors !
BLOG does NOT give buy or sell.
Saleem
Thursday, December 31, 2015
Wednesday, December 30, 2015
Indices closed down .66% to .82%.......
Indices closed down.
S&P 500 @ 2063.36, low 2061.97, high 2077.34
RSI @ 51.61
CMF @ -0.032
Internals were :
Down volume led by 7.05 to 1 in NYSE & 3.15 to 1 in Nasdaq
Declining stocks led by 2.43 to 1 in NYSE & 2.43 to 1 in Nasdaq ( not a typo )
Net new 52 wk highs were leading by 45 in NYSE & lows by 14 in Nasdaq
VIX UP 7.52% @ 17.29
Oil @ $36.60
Gold @ $1059.80
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weak as oil closed sharply lower. Indices closed @ low of the day. Internals were very weak. Dow & S&P 500 closed below 50 DMA which they both have done repeatedly, hopefully, one of these days they move away upwards from 50 DMA area. Oil still rules this TAPE. Last day of 2015 trading is here on Thursday, there will be a closing BLOG tomorrow.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2063.36, low 2061.97, high 2077.34
RSI @ 51.61
CMF @ -0.032
Internals were :
Down volume led by 7.05 to 1 in NYSE & 3.15 to 1 in Nasdaq
Declining stocks led by 2.43 to 1 in NYSE & 2.43 to 1 in Nasdaq ( not a typo )
Net new 52 wk highs were leading by 45 in NYSE & lows by 14 in Nasdaq
VIX UP 7.52% @ 17.29
Oil @ $36.60
Gold @ $1059.80
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weak as oil closed sharply lower. Indices closed @ low of the day. Internals were very weak. Dow & S&P 500 closed below 50 DMA which they both have done repeatedly, hopefully, one of these days they move away upwards from 50 DMA area. Oil still rules this TAPE. Last day of 2015 trading is here on Thursday, there will be a closing BLOG tomorrow.
BLOG does NOT give buy or sell.
Saleem
Indices down .30% to .46%.......
Oil is taking Indices down again, no decoupling yet. Indices are @ low of the day.
S&P 500 @ 2070.36, low 2069.07, high 2077.34
Internals are negative by 2 to 1
Oil Down $1.29
Gold Down $8.30
Canadian $ Down 49 tick @ 61.19
VIX UP 4.60% @ 16.82
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.46 following are green :
BITA FIT GPRO TSLA FFIV FSLR SPLK DATA
CSOD VRX Z.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.36, low 2069.07, high 2077.34
Internals are negative by 2 to 1
Oil Down $1.29
Gold Down $8.30
Canadian $ Down 49 tick @ 61.19
VIX UP 4.60% @ 16.82
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.46 following are green :
BITA FIT GPRO TSLA FFIV FSLR SPLK DATA
CSOD VRX Z.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 29, 2015
Indices closed UP 1.06% to 1.33%....NICE !!!!
Indices closed UP.
S&P 500 @ 2078.36, high 2081.56, low 2060.54
RSI @ 54.96
CMF @ 0.033
Internals were :
UP volume led by 3.80 to 1 in NYSE & 3.07 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & by 33 in Nasdaq
VIX Down 4.91% @ 16.08
Oil @ $37.87
Gold @ $1068.00
Stocks which were UP 2% or more included CNQ CY VDSI
TCK AMZN PCLN GPRO TSLA YELP AMCC WYNN....
AH ER / News ...Z UP 5.46%, CREE UP 1.96%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong and closed near high of the day, all internals are positive after a long time which says about net buying today. Oil has been in the drivers seat in terms of direction of this market, tomorrow we may uncouple from that as TAPE has its own momentum now for month end. 2016 is here already and hope we all do better in next 52 weeks as we are all more experienced in ups & downs of Wall Street.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.36, high 2081.56, low 2060.54
RSI @ 54.96
CMF @ 0.033
Internals were :
UP volume led by 3.80 to 1 in NYSE & 3.07 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & by 33 in Nasdaq
VIX Down 4.91% @ 16.08
Oil @ $37.87
Gold @ $1068.00
Stocks which were UP 2% or more included CNQ CY VDSI
TCK AMZN PCLN GPRO TSLA YELP AMCC WYNN....
AH ER / News ...Z UP 5.46%, CREE UP 1.96%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong and closed near high of the day, all internals are positive after a long time which says about net buying today. Oil has been in the drivers seat in terms of direction of this market, tomorrow we may uncouple from that as TAPE has its own momentum now for month end. 2016 is here already and hope we all do better in next 52 weeks as we are all more experienced in ups & downs of Wall Street.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.06% to 1.38%....NICE !!!!
Indices are sharply higher on higher oil prices, direction of oil seems to be dictating where indices go.Indices are @ high of the day after oil closed sharply up.
S&P 500 @ 2078.67, high 2079.84, low 2060.54
Internals are positive by minimum 2 to 1
Oil UP $1.07
Gold Unchanged
Canadian $ UP 85 tick @ 61.81
VIX Down 4.49% @ 16.15
In my portfolio Added 40% BITA @ $27.15
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.51 following are red :
BBRY BITA FIT JCP FEYE LULU CSIQ CMG
CRUS AMBA M X GG DATA VRX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.67, high 2079.84, low 2060.54
Internals are positive by minimum 2 to 1
Oil UP $1.07
Gold Unchanged
Canadian $ UP 85 tick @ 61.81
VIX Down 4.49% @ 16.15
In my portfolio Added 40% BITA @ $27.15
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.51 following are red :
BBRY BITA FIT JCP FEYE LULU CSIQ CMG
CRUS AMBA M X GG DATA VRX.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 28, 2015
Indices closed down .14% to .22%......
Indices closed down
S&P 500 @ 2056.50, low 2044.20, high 2057.77
RSI @ 50.62
CMF @ -0.039
Internals were :
Down volume led by 2.75 to 1 in NYSE & 1.97 to 1 in Nasdaq
Declining stocks led by 1.70 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & lows by 9 in Nasdaq
VIX UP 7.43% @ 16.91
Oil @ $36.81
Gold @ $1068.30
AH ER / News ....LSCC UP 1.83%, MPEL Down 2.79%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure when oil took a tumble again, by close indices closed near high of the day. Tuesday is the last day to book gain or losses for 2015, we may see selling again which may be a good time to buy as we should see year end buying on Wednesday & Thursday. Think 2016 now and see what stocks should be in your portfolio and position accordingly.
BLOG does NOT give buy or sell.
Saleem
Indices down .23% to .37%......
Indices are lower as oil continues its sharp pullback today. Indices are off their lows and @ near high of the day.
S&P 500 @ 2053.87, low 2044.20, high 2057.77
Internals are negative by 2 to 1
Oil Down $1.29
Gold Down $8.80
Canadian $ Down 76 tick @ 61.04
VIX UP 8.58% @ 17.09
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.45 following are green :
BBRY FB FIT AMZN GOOGL LULU LEN YHOO
V SPLK MCD .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2053.87, low 2044.20, high 2057.77
Internals are negative by 2 to 1
Oil Down $1.29
Gold Down $8.80
Canadian $ Down 76 tick @ 61.04
VIX UP 8.58% @ 17.09
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.45 following are green :
BBRY FB FIT AMZN GOOGL LULU LEN YHOO
V SPLK MCD .....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 27, 2015
Last 4 trading days of 2015......
We are only 4 trading days away from closing 2015 trading.....
Tuesday is the last day for booking gains or losses for 2015....
When analysing last 4 days, we have to factor the following :
-We closed @ low of the day on Friday....
-Dow & S&P 500 are below 50 DMA
-Tuesday is last day for 2015 trade
-It is week end, month end and year end on Thursday
We need to assess how each of the above factor will impact last 4 trading days...
Monday MAY carry over selling from Friday...
Tuesday may have more selling as it is the last trading day of 2015
Wednesday & Thursday may bring spirited buying to close 2015......
SO..IF you are planning a sale or buying for 2016, you may consider last 4 days pattern......
It is never easy to make a prediction for any trading day, but it is important to "play with odds"
Nasdaq is ahead in 2015 so far by 6.6%
S&P 500 is UP 2.09 points.
Dow is the laggard by being down 1.52%
Looking ahead to 2016.......
Many technicians & fundamental gurus are saying that FANG will lag other trading / investing concept.......
Energy, Solar, Base Metals may outperform other ideas.....
It is important to look @ other sectors instead of being fixated on prominent 25 names.......
From all indicators 2016 may prove to be even tougher year than 2015.......
Fed is raising rates, 3 more rate increase to come......
World economy is being impacted by lower oil prices, good for importers but extremely bad for exporters......
Natural Gas is @ 12 year low prices, again good for users but bad for producers.....
Gold is in downtrend hugging the bottom of many many years.....
Computer sales are going down 10%++++ impacting many tech companies.....
Tablets & smartphones sales are tapering off
Car sales are booming
Gas prices are low
Retail sales are struggling.....
Hackers are quiet these days also.....
As you can see that many well know areas are not expected to perform well, thus a challenging year in 2016.....
Good luck with your own analysis and take of 2016 market environment.
BLOG does NOT give buy or sell.
Saleem
Tuesday is the last day for booking gains or losses for 2015....
When analysing last 4 days, we have to factor the following :
-We closed @ low of the day on Friday....
-Dow & S&P 500 are below 50 DMA
-Tuesday is last day for 2015 trade
-It is week end, month end and year end on Thursday
We need to assess how each of the above factor will impact last 4 trading days...
Monday MAY carry over selling from Friday...
Tuesday may have more selling as it is the last trading day of 2015
Wednesday & Thursday may bring spirited buying to close 2015......
SO..IF you are planning a sale or buying for 2016, you may consider last 4 days pattern......
It is never easy to make a prediction for any trading day, but it is important to "play with odds"
Nasdaq is ahead in 2015 so far by 6.6%
S&P 500 is UP 2.09 points.
Dow is the laggard by being down 1.52%
Looking ahead to 2016.......
Many technicians & fundamental gurus are saying that FANG will lag other trading / investing concept.......
Energy, Solar, Base Metals may outperform other ideas.....
It is important to look @ other sectors instead of being fixated on prominent 25 names.......
From all indicators 2016 may prove to be even tougher year than 2015.......
Fed is raising rates, 3 more rate increase to come......
World economy is being impacted by lower oil prices, good for importers but extremely bad for exporters......
Natural Gas is @ 12 year low prices, again good for users but bad for producers.....
Gold is in downtrend hugging the bottom of many many years.....
Computer sales are going down 10%++++ impacting many tech companies.....
Tablets & smartphones sales are tapering off
Car sales are booming
Gas prices are low
Retail sales are struggling.....
Hackers are quiet these days also.....
As you can see that many well know areas are not expected to perform well, thus a challenging year in 2016.....
Good luck with your own analysis and take of 2016 market environment.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 24, 2015
Indices closed mixed......
Indices closed mixed on extremely low volume in half day trade. Market opens on Monday in US but closed on Monday in UK & Canada.
S&P 500 @ 2060.99, low 2058.73, high 2067.36
RSI @ 51.57
CMF @ -0.050
Internals were :
UP volume led by .68 to 1 in NYSE & 1.49 to 1 in Nasdaq
Advancing stocks led by 1.88 to 1 in NYSE & 1.27 in Nasdaq
Net new 52 wk highs were leading by 41 in NYSE & by 15 in Nasdaq
VIX UP 1.09% @ 15.74
Oil @ $38.10
Gold @ $1075.90
Canadian $ @ 61.74
Stocks which were UP 1% or more included BITA VDSI
JKS TWTR TSL MU NXPI CSIQ FSLR CRUS AAL
ABX SLW GG AEM Z......
Here is my weighting :
FB 29.74%
CNQ 13.23%
VDSI 11.63%
NFLX 11.07%
CY 9.88%
FIT 9.55%
BITA 8.23%
BBRY 6.67%
Exposure 324%
Next post on Sunday by 2 PM
Wishing all BLOG visitors a Merry Christmas & Happy Holidays !
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2060.99, low 2058.73, high 2067.36
RSI @ 51.57
CMF @ -0.050
Internals were :
UP volume led by .68 to 1 in NYSE & 1.49 to 1 in Nasdaq
Advancing stocks led by 1.88 to 1 in NYSE & 1.27 in Nasdaq
Net new 52 wk highs were leading by 41 in NYSE & by 15 in Nasdaq
VIX UP 1.09% @ 15.74
Oil @ $38.10
Gold @ $1075.90
Canadian $ @ 61.74
Stocks which were UP 1% or more included BITA VDSI
JKS TWTR TSL MU NXPI CSIQ FSLR CRUS AAL
ABX SLW GG AEM Z......
Here is my weighting :
FB 29.74%
CNQ 13.23%
VDSI 11.63%
NFLX 11.07%
CY 9.88%
FIT 9.55%
BITA 8.23%
BBRY 6.67%
Exposure 324%
Next post on Sunday by 2 PM
Wishing all BLOG visitors a Merry Christmas & Happy Holidays !
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 23, 2015
Indices closed UP .90% to 1.24%....NICE !!!!
Indices closed UP.
S&P 500 @ 2064.29, high 2064.73, low 2042.20
RSI @ 52.24
CMF @ -0.057
Internals were :
UP volume led by 14.51 to 1 in NYSE & 3.40 to 1 in Nasdaq
Advancing stocks led by 6.18 to 1 in NYSE & 2.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 35 in NYSE & lows by 17 in Nasdaq
VIX Down 6.20% @ 15.57
Oil @ $37.50
Gold @ $1068.20
Stocks which were UP 1% ++++ included BBRY CNQ CY NFLX
JCP JKS SWIR AAPL FEYE LVS CSIQ SU YUM MA V FSLR
SPWR CIEN FNSR AMBA M SPLK STLD ABX SLW CCJ
DATA CSOD MGA MS VRX WYNN GS AGU.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong for 3rd in a row and closed @ high of the day, internals were super strong. S&P 500 & Nasdaq are above 50 & 200 DMA while Dow is above 200 DMA only. Many laggards jumped big time on Chinese stimulus talk. 2016 may bring relief to many beaten down sectors. Commodities are not unwanted and may be ready to catch a bid. Thursday we close @ 1PM and there will be a closing BLOG only.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2064.29, high 2064.73, low 2042.20
RSI @ 52.24
CMF @ -0.057
Internals were :
UP volume led by 14.51 to 1 in NYSE & 3.40 to 1 in Nasdaq
Advancing stocks led by 6.18 to 1 in NYSE & 2.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 35 in NYSE & lows by 17 in Nasdaq
VIX Down 6.20% @ 15.57
Oil @ $37.50
Gold @ $1068.20
Stocks which were UP 1% ++++ included BBRY CNQ CY NFLX
JCP JKS SWIR AAPL FEYE LVS CSIQ SU YUM MA V FSLR
SPWR CIEN FNSR AMBA M SPLK STLD ABX SLW CCJ
DATA CSOD MGA MS VRX WYNN GS AGU.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong for 3rd in a row and closed @ high of the day, internals were super strong. S&P 500 & Nasdaq are above 50 & 200 DMA while Dow is above 200 DMA only. Many laggards jumped big time on Chinese stimulus talk. 2016 may bring relief to many beaten down sectors. Commodities are not unwanted and may be ready to catch a bid. Thursday we close @ 1PM and there will be a closing BLOG only.
BLOG does NOT give buy or sell.
Saleem
Indices UP .65% to .97%....NICE !!!!
Indices are UP as oil is sharply higher, indices are near high of the day.
S&P 500 @ 2059.00, high 2061.00, low 2042.20
Internals are positive by 5 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.24
Gold Down $5.60
Canadian $ UP 60 tick @ 61.42
VIX Down 3.49% @ 16.02
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 1.55 following are red :
BITA FB FIT AMZN PCLN GOOGL MU LULU
LEN NXPI DNKN EXPE X...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2059.00, high 2061.00, low 2042.20
Internals are positive by 5 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.24
Gold Down $5.60
Canadian $ UP 60 tick @ 61.42
VIX Down 3.49% @ 16.02
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 1.55 following are red :
BITA FB FIT AMZN PCLN GOOGL MU LULU
LEN NXPI DNKN EXPE X...
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 22, 2015
Indices closed UP .65% to .96%....NICE !!!!
Indices closed UP
S&P 500 @ 2038.97, high 2042.74, low 2020.49
RSI @ 47.39
CMF @ -0.068
Internals were :
UP volume led by 5.48 to 1 in NYSE & 2.21 to 1 in Nasdaq
Advancing stocks led by 3.22 to 1 in NYSE & 1.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & by 62 in Nasdaq
VIX Down 11.23% @ 16.60
Oil @ $36.14
Gold @ $1074.10
Stocks which were UP 1% or more included BBRY BITA
JCP TWTR BABA LULU COH LVS GPRO YHOO
LEN EXPE EBAY YELP AMCC AAL M STLD
X CCJ DATA MS VRX WYNN GS AGU.....
AH ER...NKE UP 2.14%, MU Down 5.82%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE confirmed this UP move by closing near high of the day, Nasdaq closed above 200 DMA while S&P 500 & Dow are stuck below 50 & 200 DMA still, however all indices are maintaining golden cross. Market volume is getting lower daily due to holidays, i expect volume to slump considerably on Thursday being half day trading, Wednesday may be the last day of half decent volume for next week also. Time to plan your portfolio for pruning losses or buying into emerging themes for 2016.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2038.97, high 2042.74, low 2020.49
RSI @ 47.39
CMF @ -0.068
Internals were :
UP volume led by 5.48 to 1 in NYSE & 2.21 to 1 in Nasdaq
Advancing stocks led by 3.22 to 1 in NYSE & 1.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & by 62 in Nasdaq
VIX Down 11.23% @ 16.60
Oil @ $36.14
Gold @ $1074.10
Stocks which were UP 1% or more included BBRY BITA
JCP TWTR BABA LULU COH LVS GPRO YHOO
LEN EXPE EBAY YELP AMCC AAL M STLD
X CCJ DATA MS VRX WYNN GS AGU.....
AH ER...NKE UP 2.14%, MU Down 5.82%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE confirmed this UP move by closing near high of the day, Nasdaq closed above 200 DMA while S&P 500 & Dow are stuck below 50 & 200 DMA still, however all indices are maintaining golden cross. Market volume is getting lower daily due to holidays, i expect volume to slump considerably on Thursday being half day trading, Wednesday may be the last day of half decent volume for next week also. Time to plan your portfolio for pruning losses or buying into emerging themes for 2016.
BLOG does NOT give buy or sell.
Saleem
Indices UP .51% to .86%....NICE !!!!
Indices are UP as oil is UP, nice to get back to back UP moves in all indices, golden cross seems to be working, indices are near high of the day.
S&P 500 @ 2035.68, high 2038.04, low 2038.04
Internals are positive by almost 3 to 1 in NYSE & by 50% in Nasdaq
Oil UP 33 cents
Gold Down $8.10
Canadian $ UP 29 tick @ 60.72
VIX Down 8.18% @ 17.17
Portfolio BBRU BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.42 following are red :
NFLX JKS BIDU AMZN PCLN MU NXPI TSLA
CSIQ DNKN CMG YUM FSLR SPWR CRUS
AMBA SPLK MCD AEM CSOD Z ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2035.68, high 2038.04, low 2038.04
Internals are positive by almost 3 to 1 in NYSE & by 50% in Nasdaq
Oil UP 33 cents
Gold Down $8.10
Canadian $ UP 29 tick @ 60.72
VIX Down 8.18% @ 17.17
Portfolio BBRU BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.42 following are red :
NFLX JKS BIDU AMZN PCLN MU NXPI TSLA
CSIQ DNKN CMG YUM FSLR SPWR CRUS
AMBA SPLK MCD AEM CSOD Z ......
BLOG does NOT give buy or sell.
Saleem
Monday, December 21, 2015
Indices closed UP .72% to .93%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2021.15, high 2022.90, low 2005.93
RSI @ 43.65
CMF @ -0.147
Internals were :
UP volume led by 2.18 to 1 in NYSE & 2.72 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 1.61 to 1 in Nasdaq
Net new 52 wk lows were leading by 153 in NYSE & 114 in Nasdaq
VIX Down 9.66% @ 18.70
Oil @ $35.81
Gold @ $1080.60
Stocks which closed UP 1% or more included BBRY FIT VDSI
JKS BIDU AAPL TSL MU LULU COH LVS WYNN LEN
NXPI CSIQ SINA YUM V FSLR SPWR CRUS CIEN
AMBA AAL SPLK SBUX X STLD ABX GG AEM
CSOD MGA MS GS......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went back & forth from green to red and then closed @ near high of the day. All indices closed below 50 & 200 DMA. All indices are making golden cross tonight and Nasdaq is most convincing in that formation, sign of higher move to come. Last 6.5 days left in trading, there is a battle going on in tax loss selling vs bargain hunting, lot can happen in next two full weeks of trading. History based on seasonality supports us for a positive TAPE until January 6th.....after that all bets are off.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2021.15, high 2022.90, low 2005.93
RSI @ 43.65
CMF @ -0.147
Internals were :
UP volume led by 2.18 to 1 in NYSE & 2.72 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 1.61 to 1 in Nasdaq
Net new 52 wk lows were leading by 153 in NYSE & 114 in Nasdaq
VIX Down 9.66% @ 18.70
Oil @ $35.81
Gold @ $1080.60
Stocks which closed UP 1% or more included BBRY FIT VDSI
JKS BIDU AAPL TSL MU LULU COH LVS WYNN LEN
NXPI CSIQ SINA YUM V FSLR SPWR CRUS CIEN
AMBA AAL SPLK SBUX X STLD ABX GG AEM
CSOD MGA MS GS......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went back & forth from green to red and then closed @ near high of the day. All indices closed below 50 & 200 DMA. All indices are making golden cross tonight and Nasdaq is most convincing in that formation, sign of higher move to come. Last 6.5 days left in trading, there is a battle going on in tax loss selling vs bargain hunting, lot can happen in next two full weeks of trading. History based on seasonality supports us for a positive TAPE until January 6th.....after that all bets are off.
BLOG does NOT give buy or sell.
Saleem
Indices UP .16% to .40%......NICE !!!!
Indices are gyrating with oil, oil closed up slightly.
S&P 500 @ 2010.47, high 2022.90, low 2005.93
Internals are positive
Oil UP 1 cent
Gold UP $14.70
Canadian $ Down 1 tick @ 60.46
VIX Down 5.46% @ 19.57
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.45 following are red :
BITA CNQ NFLX NTES TWTR AMZNPCLN GOOGL
FEYE GPRO CMG FFIV YELP DATA VRX Z
AGU TRIP...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2010.47, high 2022.90, low 2005.93
Internals are positive
Oil UP 1 cent
Gold UP $14.70
Canadian $ Down 1 tick @ 60.46
VIX Down 5.46% @ 19.57
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.45 following are red :
BITA CNQ NFLX NTES TWTR AMZNPCLN GOOGL
FEYE GPRO CMG FFIV YELP DATA VRX Z
AGU TRIP...
BLOG does NOT give buy or sell.
Saleem
Sunday, December 20, 2015
Never mind Monday, worry about 2016.....
Everyone is fixated as to what will happen on Monday, there is lot to worry about changing dynamics in 2015, which is becoming a losing year.....
We are getting so close to Christmas and there is no rally....
December traditionally is a strong month but its not ending that way so far....
We started December @ 2104 area, currently @ 2005, a drop of 99 points or down 4.7%....this is not how we want strongest month to look ......
SO......all of us are almost ready to close the books for 2015 in 6 trading days, and it is not looking pretty @ all.
2015 for the whole year is also looking a down year....to the tune of down 4%
I am saying as goes 2015, so goes 2016 also....
SO what happens now ?
We have a support in S&P 500 around 1980 area about 25 points below.....
There may be a weak bounce back from there.......
For 2015 market has traded between 2116 and 1860 area......
2016 may look like 1860 to 1980 range.....
1860 may become a magnet for 2016.....
SO...how to position in this 2016 scenario......
Be ready for many test of 1860 area.....
I see 2016 where we may lose 7% in S&P 500.....
SO..between 2015 & 2016..we may have a back to back losing year with a combined loss of 11%....
2016.....could become a traders market, sell the rallies and buy the selloff over & over again.....
I see hope in energy, casino & hard liquor sector, thus an exposure in these sector is highly desirable for a long term approach.....
Look @ the big picture which has emerged since start of 2015, now free money from Fed is gone and banks may not know how to earn in a real world.....that has changed now and for 2016....
Good luck with your own understanding of TAPE and stock market going forward.
BLOG does NOT give buy or sell.
Saleem
We are getting so close to Christmas and there is no rally....
December traditionally is a strong month but its not ending that way so far....
We started December @ 2104 area, currently @ 2005, a drop of 99 points or down 4.7%....this is not how we want strongest month to look ......
SO......all of us are almost ready to close the books for 2015 in 6 trading days, and it is not looking pretty @ all.
2015 for the whole year is also looking a down year....to the tune of down 4%
I am saying as goes 2015, so goes 2016 also....
SO what happens now ?
We have a support in S&P 500 around 1980 area about 25 points below.....
There may be a weak bounce back from there.......
For 2015 market has traded between 2116 and 1860 area......
2016 may look like 1860 to 1980 range.....
1860 may become a magnet for 2016.....
SO...how to position in this 2016 scenario......
Be ready for many test of 1860 area.....
I see 2016 where we may lose 7% in S&P 500.....
SO..between 2015 & 2016..we may have a back to back losing year with a combined loss of 11%....
2016.....could become a traders market, sell the rallies and buy the selloff over & over again.....
I see hope in energy, casino & hard liquor sector, thus an exposure in these sector is highly desirable for a long term approach.....
Look @ the big picture which has emerged since start of 2015, now free money from Fed is gone and banks may not know how to earn in a real world.....that has changed now and for 2016....
Good luck with your own understanding of TAPE and stock market going forward.
BLOG does NOT give buy or sell.
Saleem
Friday, December 18, 2015
Indices closed down 1.59% to 2.10%......
Indices closed @ low of the day on Quad witching. Oil continued its weakness and close @ 7 year low. Too much uncertainty due to low low oil prices.
S&P 500 @ 2005.52, low 2005.33, high 2040.81
RSI @ 40.20
CMF @ -0.066
Internals were :
Down volume led by 3.07 to 1 in NYSE & 2.56 to 1 in Nasdaq
Declining stocks led by 1.87 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk lows were leading by 214 in NYSE & by 116 in Nasdaq
VIX UP 9.29% @ 20.70
Oil @ $34.73
Gold @ $1065.00
Canadian $ @ 60.65
Stocks which closed UP 1% or more included BBRY BITA CNQ
JKS TSL FEYE GPRO CSIQ SINA SU SPWR QIHU AMBA
M X ABX SLW GG AEM CCJ......
BBRY earnings report was a beat in Q3 Sales & EPS, BBRY
guiding sequential rise in revenue again & profitability for Q4.
BBRY further confirming profitability across the board starting in Q1 which begins in February 2016. BBRY closed UP 10.38% in a very bad TAPE.
Here is my weighting :
FB 30.26%
CNQ 12.66%
VDSI 11.46%
NFLX 11.44%
CY 9.92%
FIT 9.41%
BITA 8.37%
BBRY 6.48%
Exposure 324%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2005.52, low 2005.33, high 2040.81
RSI @ 40.20
CMF @ -0.066
Internals were :
Down volume led by 3.07 to 1 in NYSE & 2.56 to 1 in Nasdaq
Declining stocks led by 1.87 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk lows were leading by 214 in NYSE & by 116 in Nasdaq
VIX UP 9.29% @ 20.70
Oil @ $34.73
Gold @ $1065.00
Canadian $ @ 60.65
Stocks which closed UP 1% or more included BBRY BITA CNQ
JKS TSL FEYE GPRO CSIQ SINA SU SPWR QIHU AMBA
M X ABX SLW GG AEM CCJ......
BBRY earnings report was a beat in Q3 Sales & EPS, BBRY
guiding sequential rise in revenue again & profitability for Q4.
BBRY further confirming profitability across the board starting in Q1 which begins in February 2016. BBRY closed UP 10.38% in a very bad TAPE.
Here is my weighting :
FB 30.26%
CNQ 12.66%
VDSI 11.46%
NFLX 11.44%
CY 9.92%
FIT 9.41%
BITA 8.37%
BBRY 6.48%
Exposure 324%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 17, 2015
Indices closed down 1.35% to 1.50%......
Indices closed down.
S&P 500 @ 2041.89, low 2041.66, high 2076.37
RSI @ 46.34
CMF @ -0.080
Internals were :
Down volume led by 6.08 to 1 in NYSE & 2.97 to 1 in Nasdaq
Declining stocks led by 1.92 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk lows were leading by 150 in NYSE & by 79 in Nasdaq
VIX UP 6.05% @ 18.94
Oil @ $34.95
Gold @ $1049.60
AH ER.....RHT UP 6.43%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE reacted to falling oil & commodity prices and closed @ low of the day, Today's TAPE was extremely disappointing after being strong yesterday and giving all that gain and then some today. S&P 500 & Dow are below 50 & 200 DMA, Nasdaq & Dow still making golden cross & S&P 500 to follow very quickly, so there is some hope technically speaking. Friday is monthly option expiry, we may have been impacted by that a day early. Hoping close to be encouraging.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2041.89, low 2041.66, high 2076.37
RSI @ 46.34
CMF @ -0.080
Internals were :
Down volume led by 6.08 to 1 in NYSE & 2.97 to 1 in Nasdaq
Declining stocks led by 1.92 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk lows were leading by 150 in NYSE & by 79 in Nasdaq
VIX UP 6.05% @ 18.94
Oil @ $34.95
Gold @ $1049.60
AH ER.....RHT UP 6.43%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE reacted to falling oil & commodity prices and closed @ low of the day, Today's TAPE was extremely disappointing after being strong yesterday and giving all that gain and then some today. S&P 500 & Dow are below 50 & 200 DMA, Nasdaq & Dow still making golden cross & S&P 500 to follow very quickly, so there is some hope technically speaking. Friday is monthly option expiry, we may have been impacted by that a day early. Hoping close to be encouraging.
BLOG does NOT give buy or sell.
Saleem
Indices down .68% to .86%.....
Indices are lower as oil prices are @ 7 year low.
S&P 500 @ 2055.93, low 2047.50, high 2076.37
Internals are negative
Oil Down 61 cents @ 34.91
Gold Down $26.00...5 year low
Canadian $ Down 1.77 cent @ 60.45...12 year low
VIX Down .73% @ 17.73
In my portfolio :
Added 25% BBRY @ $8.10
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.38 following are green :
BITA FB NFLX SWIR GOOGL MU TSLA SINA
SPWR CRUS CIEN AMCC STLD MLNX.....
Before open on Friday, BBRY is reporting, here are the expectations :
Q3 Sales $489.06 million, EPS loss 14 cents
Q4 guidance Sales $529.27 million, EPS loss 10 cents
I expect a beat on Q3 EPS and better EPS guidance for Q4
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2055.93, low 2047.50, high 2076.37
Internals are negative
Oil Down 61 cents @ 34.91
Gold Down $26.00...5 year low
Canadian $ Down 1.77 cent @ 60.45...12 year low
VIX Down .73% @ 17.73
In my portfolio :
Added 25% BBRY @ $8.10
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.38 following are green :
BITA FB NFLX SWIR GOOGL MU TSLA SINA
SPWR CRUS CIEN AMCC STLD MLNX.....
Before open on Friday, BBRY is reporting, here are the expectations :
Q3 Sales $489.06 million, EPS loss 14 cents
Q4 guidance Sales $529.27 million, EPS loss 10 cents
I expect a beat on Q3 EPS and better EPS guidance for Q4
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 16, 2015
Indices closed UP 1.28% to 1.52%....NICE !!!!
Indices closed UP.
S&P 500 @ 2073.07, high 2076.72, low 2042.43
RSI @ 52.77
CMF @ 0.017
Internals were :
UP volume led by 4.83 to 1 in NYSE & 4.68 to 1 in Nasdaq
Advancing stocks led by 4.65 to 1 in NYSE & 2.78 to 1 in Nasdaq
Net new 52 wk lows were leading by 91 in NYSE & by 58 in Nasdaq
VIX Down 14.75% @ 17.86
Oil @ $35.52
Gold @ $1076.80
Stocks which were UP 2% + included BBRY BITA FB NFLX
NTES JKS SWIR AMZN LNKD GOOGL TSL FEYE COH
LVS GPRO LEN NXPI TSLA CSIQ YHOO CMG YELP
FSLR SPWR FNSR BABA MGA MS VRX Z WYNN
GS.......
AH ER..FDX UP 5.04%, ORCL Down 1.64%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE greeted Fed interest hike by .25% with a solid approval, TAPE ended near high of the day, internals improved further.Nasdaq is technically most strong with "golden cross" while Dow & S&P 500 are ready to make golden cross. Most sectors participated except oil, solar was on fire with potential extension of subsidy by policy makers. Market has momentum on its back and may finally reach new all time highs before this run is over.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2073.07, high 2076.72, low 2042.43
RSI @ 52.77
CMF @ 0.017
Internals were :
UP volume led by 4.83 to 1 in NYSE & 4.68 to 1 in Nasdaq
Advancing stocks led by 4.65 to 1 in NYSE & 2.78 to 1 in Nasdaq
Net new 52 wk lows were leading by 91 in NYSE & by 58 in Nasdaq
VIX Down 14.75% @ 17.86
Oil @ $35.52
Gold @ $1076.80
Stocks which were UP 2% + included BBRY BITA FB NFLX
NTES JKS SWIR AMZN LNKD GOOGL TSL FEYE COH
LVS GPRO LEN NXPI TSLA CSIQ YHOO CMG YELP
FSLR SPWR FNSR BABA MGA MS VRX Z WYNN
GS.......
AH ER..FDX UP 5.04%, ORCL Down 1.64%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE greeted Fed interest hike by .25% with a solid approval, TAPE ended near high of the day, internals improved further.Nasdaq is technically most strong with "golden cross" while Dow & S&P 500 are ready to make golden cross. Most sectors participated except oil, solar was on fire with potential extension of subsidy by policy makers. Market has momentum on its back and may finally reach new all time highs before this run is over.
BLOG does NOT give buy or sell.
Saleem
Indices UP .34% to .43%....NICE !!!!
Indices are UP on Fed hiking rate by .25% and predicting rates to be @ 1.375 by end of 2016. Now supercomputers will decide IF US economy can take 1.375 interest rate, TAPE is controlled by super fast thinking computers.
S&P 500 @ 2052.44, high 2063.71, low 2042.43
Internals are positive by almost 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down $1.79..new low since 2009
Gold UP $10.10
Canadian $ Down 58 tick @ 62.14..new 11 year low
VIX Down 13.84% @ 18.05
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.39 following are red :
CNQ CY FIT JCP BIDU PCLN AAPL MU EXPE
SU FFIV CRUS CIEN AMCC AMBA AAL
M X STLD BRCM TRIP MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2052.44, high 2063.71, low 2042.43
Internals are positive by almost 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down $1.79..new low since 2009
Gold UP $10.10
Canadian $ Down 58 tick @ 62.14..new 11 year low
VIX Down 13.84% @ 18.05
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.39 following are red :
CNQ CY FIT JCP BIDU PCLN AAPL MU EXPE
SU FFIV CRUS CIEN AMCC AMBA AAL
M X STLD BRCM TRIP MLNX....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 15, 2015
Indices closed UP .87% to 1.06%....NICE !!!!
Indices closed UP.
S&P 500 @ 2043.41, high 2053.87, low 2025.55
RSI @ 46.18
CMF @ -0.059
Internals were :
UP volume led by 4.98 to 1 in NYSE & 3.27 to 1 in Nasdaq
Advancing stocks led by 3.70 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk lows were leading by 169 in NYSE & by 125 in Nasdaq
VIX Down 7.83% @ 20.95
Oil @ $37.35
Gold @ $1061.60
Stocks which were UP 2% or more BBRY BITA CNQ FIT
JKS BIDU BABA FEYE MU LULU COH LVS GPRO CSIQ
SINA EXPE FFIV MA V FSLR SPWR AMBA SPLK X
CCJ MS VRX Z WYNN GS TRIP......
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong after oil moved UP, internals of the market improved. FANG sat out this rally as other stocks participated in this rally, a diversified portfolio helps when divergence like this happens. Wednesday 2 PM will be a historic moment when direction and intensity of interest rate is decided by Fed, I am expecting a less than 25 basis more like 15 basis now and another 15 basis in couple of months and gap of @ least 3 months or "data dependent approach". That scenario or another combination like that will be taken positively by equities.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2043.41, high 2053.87, low 2025.55
RSI @ 46.18
CMF @ -0.059
Internals were :
UP volume led by 4.98 to 1 in NYSE & 3.27 to 1 in Nasdaq
Advancing stocks led by 3.70 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk lows were leading by 169 in NYSE & by 125 in Nasdaq
VIX Down 7.83% @ 20.95
Oil @ $37.35
Gold @ $1061.60
Stocks which were UP 2% or more BBRY BITA CNQ FIT
JKS BIDU BABA FEYE MU LULU COH LVS GPRO CSIQ
SINA EXPE FFIV MA V FSLR SPWR AMBA SPLK X
CCJ MS VRX Z WYNN GS TRIP......
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong after oil moved UP, internals of the market improved. FANG sat out this rally as other stocks participated in this rally, a diversified portfolio helps when divergence like this happens. Wednesday 2 PM will be a historic moment when direction and intensity of interest rate is decided by Fed, I am expecting a less than 25 basis more like 15 basis now and another 15 basis in couple of months and gap of @ least 3 months or "data dependent approach". That scenario or another combination like that will be taken positively by equities.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.31% to 1.46%.....NICE !!!!
Indices are near high of the day as oil moves higher, TAPE is strong in anticipation of Fed interest rate hike tomorrow.
S&P 500 @ 2051.41, high 2053.87, low 2025.55
Internals are positive by almost 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.02
Gold Down $2.30
Canadian $ UP 1 tick @ 62.68
VIX Down 9.37% @ 20.60
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.49 following are red :
NFLX TWTR LNKD AAPL TSL CMG YELP AMCC
M STLD SLW GG AEM CSOD......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2051.41, high 2053.87, low 2025.55
Internals are positive by almost 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.02
Gold Down $2.30
Canadian $ UP 1 tick @ 62.68
VIX Down 9.37% @ 20.60
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are UP
@ 2.49 following are red :
NFLX TWTR LNKD AAPL TSL CMG YELP AMCC
M STLD SLW GG AEM CSOD......
BLOG does NOT give buy or sell.
Saleem
Monday, December 14, 2015
Indices closed UP .38% to .60%....NICE !!!!
Indices closed UP.
S&P 500 @ 2021.94, high 2022.92, low 1993.26
RSI @ 40.61
CMF @ -0.086
Internals were :
Down volume led by 1.48 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 2.87 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk lows were leading by 656 in NYSE & by 285 in Nasdaq
VIX Down 6.81% @ 22.73
Oil @ $36.31
Gold @ $1063.40
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About markets, TAPE ended @ high of the day as oil reversed and Fed rate hike is imminent and getting close to fruition. Many sectors participated in this rally which is a very good sign for near term market movement. Internals were very weak which reflected oil slump related selling & may have flushed out most panic driven sellers.Stay with your exposure as next 72 hours may be very productive.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2021.94, high 2022.92, low 1993.26
RSI @ 40.61
CMF @ -0.086
Internals were :
Down volume led by 1.48 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 2.87 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk lows were leading by 656 in NYSE & by 285 in Nasdaq
VIX Down 6.81% @ 22.73
Oil @ $36.31
Gold @ $1063.40
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About markets, TAPE ended @ high of the day as oil reversed and Fed rate hike is imminent and getting close to fruition. Many sectors participated in this rally which is a very good sign for near term market movement. Internals were very weak which reflected oil slump related selling & may have flushed out most panic driven sellers.Stay with your exposure as next 72 hours may be very productive.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after slumping on oil going down to 11 year low, as oil has recovered so has indices for the most part.
S&P 500 @ 2013.13, high 2021.94, low 1993.26
Internals are negative by over 3 to 1 in NYSE & almost 2 to 1 in Nasdaq
Oil UP 77 cents, earlier dipped to 11 year low.....reversal in place
Gold Down $11.00
Canadian $ UP 20 tick @ 62.66
VIX Down 5.25% @ 23.11...high today 26.81..reversal ?
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.56 following are green :
FB NFLX NTES JKS BIDU AMZN LNKD PCLN
GOOGL TSL BABA LULU TSLA CSIQ SINA
EXPE MA V FSLR SPWR STLD COH
VRX Z TRIP YELP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2013.13, high 2021.94, low 1993.26
Internals are negative by over 3 to 1 in NYSE & almost 2 to 1 in Nasdaq
Oil UP 77 cents, earlier dipped to 11 year low.....reversal in place
Gold Down $11.00
Canadian $ UP 20 tick @ 62.66
VIX Down 5.25% @ 23.11...high today 26.81..reversal ?
Portfolio BBRY BITA CNQ CY FB FIT NFLX VDSI
Most stocks are down
@ 2.56 following are green :
FB NFLX NTES JKS BIDU AMZN LNKD PCLN
GOOGL TSL BABA LULU TSLA CSIQ SINA
EXPE MA V FSLR SPWR STLD COH
VRX Z TRIP YELP.....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 13, 2015
VIX jumped 26.11% on Friday.......
VIX is closely watched to gauge sentiment of market participants......
VIX jumped from 14 area to 24.39 in few days....Friday VIX jumped 26.11% ...
SO why VIX jumped 26.11% in one trading day.....
What was the catalyst for such a sharp jump.....
Most logical answer seems to be that Oil has crashed to $35.62, lowest level in almost 7 years,
OPEC is least worried about this total crash in oil prices, it is important to understand why they are not worried or supporting oil prices.....
Most popular theory is, that OPEC is trying to eliminate competition from Shale production, once those producers are eliminated with low low prices, then they will hike their prices to wherever they want it to be.
SO ..oil pricing is a deliberate strategy which is being ignored by many know it all analysts.
Why world markets are slumping again...that is the question, which needs to be analysed...
It is all about uncertainty from Fed, until Wednesday 2 PM statement, nobody knows what Fed is thinking.....this "not knowing about direction of interest rates" is taking a toll on investors confidence..
Market is also trying to discount impact of interest rate hike......
Market hates uncertainty, thus a steep fall on Friday....
In last 7 trading days here is the impact of uncertainty on markets :
Dow down 3.62%
S&P 500 down 4.37%
Nasdaq down 4.70%
As you can see that the above number is a normal pullback on Fed upcoming decision......
There is " over analysis " done by many because they are reading too much into small pullback...
I do not see anything " unusual or different " about current pullback.....
I personally believe that TAPE on Monday will stabilise and should close green after margin call selling is out of the way.
When RSI is in 30 area like it is in S&P 500 @ 37.96 & Nasdaq @ 39.59, it is a "deeply oversold situation "
It is NOT about being right about market, it is all about
" buying stocks near low of the trading range "
SO..keep your focus on buying bargain stocks and not worry about market, which none of us can predict ever.
Good luck with your own strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
VIX jumped from 14 area to 24.39 in few days....Friday VIX jumped 26.11% ...
SO why VIX jumped 26.11% in one trading day.....
What was the catalyst for such a sharp jump.....
Most logical answer seems to be that Oil has crashed to $35.62, lowest level in almost 7 years,
OPEC is least worried about this total crash in oil prices, it is important to understand why they are not worried or supporting oil prices.....
Most popular theory is, that OPEC is trying to eliminate competition from Shale production, once those producers are eliminated with low low prices, then they will hike their prices to wherever they want it to be.
SO ..oil pricing is a deliberate strategy which is being ignored by many know it all analysts.
Why world markets are slumping again...that is the question, which needs to be analysed...
It is all about uncertainty from Fed, until Wednesday 2 PM statement, nobody knows what Fed is thinking.....this "not knowing about direction of interest rates" is taking a toll on investors confidence..
Market is also trying to discount impact of interest rate hike......
Market hates uncertainty, thus a steep fall on Friday....
In last 7 trading days here is the impact of uncertainty on markets :
Dow down 3.62%
S&P 500 down 4.37%
Nasdaq down 4.70%
As you can see that the above number is a normal pullback on Fed upcoming decision......
There is " over analysis " done by many because they are reading too much into small pullback...
I do not see anything " unusual or different " about current pullback.....
I personally believe that TAPE on Monday will stabilise and should close green after margin call selling is out of the way.
When RSI is in 30 area like it is in S&P 500 @ 37.96 & Nasdaq @ 39.59, it is a "deeply oversold situation "
It is NOT about being right about market, it is all about
" buying stocks near low of the trading range "
SO..keep your focus on buying bargain stocks and not worry about market, which none of us can predict ever.
Good luck with your own strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, December 11, 2015
Indices closed down 1.76% to 2.21%......
Indices closed down sharply lower on lowest oil prices in 7 years. Fed interest rate decision for Wednesday also added to negativity. Weekly Option Expiry was a factor also. All indices closed near low of the day. All indices are below 50 & 200 DMA but Nasdaq is still maintaining golden cross.
S&P 500 @ 2012.37, low 2008.80, high 2047.27
RSI @ 37.95
CMF @ -0.132
Internals were :
Down volume led by 12.19 to 1 in NYSE & 5.92 to 1 in Nasdaq
Declining stocks led by 7.30 to 1 in NYSE & 5.33 to 1 in Nasdaq
Net new 52 wk lows were leading by 378 in NYSE & 196 in Nasdaq
VIX UP 26.11% @ 24.39
Oil @ $35.62
Gold @ $1075.70
Canadian $ 62.80.....a new 11 year low
Stocks which closed green included LULU GPRO FSLR
FNSR QIHU ABX SLW GG AEM.....
In my portfolio :
Bought NFLX @ $118.90
Here is my weighting :
FB 30.55%
CNQ 13.15%
NFLX 11.86%
VDSI 11.65%
CY 10.52%
FIT 10.29%
BITA 7.19%
BBRY 4.79%
Exposure 321%
NEXT post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2012.37, low 2008.80, high 2047.27
RSI @ 37.95
CMF @ -0.132
Internals were :
Down volume led by 12.19 to 1 in NYSE & 5.92 to 1 in Nasdaq
Declining stocks led by 7.30 to 1 in NYSE & 5.33 to 1 in Nasdaq
Net new 52 wk lows were leading by 378 in NYSE & 196 in Nasdaq
VIX UP 26.11% @ 24.39
Oil @ $35.62
Gold @ $1075.70
Canadian $ 62.80.....a new 11 year low
Stocks which closed green included LULU GPRO FSLR
FNSR QIHU ABX SLW GG AEM.....
In my portfolio :
Bought NFLX @ $118.90
Here is my weighting :
FB 30.55%
CNQ 13.15%
NFLX 11.86%
VDSI 11.65%
CY 10.52%
FIT 10.29%
BITA 7.19%
BBRY 4.79%
Exposure 321%
NEXT post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, December 10, 2015
Indices closed UP .23% to .47%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2052.23, high 2067.65, low 2045.67
RSI @ 45.89
CMF @ -0.137
Internals were :
UP volume led by 1.44 to 1 in NYSE & 2.16 to 1 in Nasdaq
Advancing stocks led by .97 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk lows were leading by 137 in NYSE & by 87 in Nasdaq
VIX Down 1.38% 2 19.34
Oil @ $36.76
Gold @ $1072.00
Stocks which closed UP 1% or more included BBRY CNQ VDSI
JKS TWTR FEYE MU LULU COH BABA GPRO LEN CMG
NXPI TSLA CSIQ YELP AMBA SBUX X STLD CCJ
DATA VRX TRIP.....
AH ER...FNSR UP 14.78%, TASR UP 3.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong but then gave up majority of its gains by close. Until Fed announces its decision on interest rates by 2 PM coming Wednesday, market may remain shaky @ best. Most stocks participated in this rally except super charged stocks which took a breather. Diversification helps when uncertainty and erratic TAPE takes hold.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2052.23, high 2067.65, low 2045.67
RSI @ 45.89
CMF @ -0.137
Internals were :
UP volume led by 1.44 to 1 in NYSE & 2.16 to 1 in Nasdaq
Advancing stocks led by .97 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk lows were leading by 137 in NYSE & by 87 in Nasdaq
VIX Down 1.38% 2 19.34
Oil @ $36.76
Gold @ $1072.00
Stocks which closed UP 1% or more included BBRY CNQ VDSI
JKS TWTR FEYE MU LULU COH BABA GPRO LEN CMG
NXPI TSLA CSIQ YELP AMBA SBUX X STLD CCJ
DATA VRX TRIP.....
AH ER...FNSR UP 14.78%, TASR UP 3.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong but then gave up majority of its gains by close. Until Fed announces its decision on interest rates by 2 PM coming Wednesday, market may remain shaky @ best. Most stocks participated in this rally except super charged stocks which took a breather. Diversification helps when uncertainty and erratic TAPE takes hold.
BLOG does NOT give buy or sell.
Saleem
Indices UP .87% to 1.09%....NICE !!!!
Indices are UP from deeply oversold conditions and is near high of the day.
S&P 500 @ 2064.84, high 2066.84, low 2045.67
Internals are positive by almost 2 to 1 in NYSE & Nasdaq
Oil Down 46 cents ...near 6 years low
Gold Down $5.00
Canadian $ Down 38 tick @ 63.87...new 11 year low
VIX Down 6.22% @ 18.39
Portfolio BBRY BITA CNQ CY FB FIT VDSI
Most stocks are UP
@ 2.40 following are red :
BITA BIDU TSL LVS SINA DNKN YUM FFIV
FSLR SPWR CIEN AMCC M CSOD WYNN
Z MLNX .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2064.84, high 2066.84, low 2045.67
Internals are positive by almost 2 to 1 in NYSE & Nasdaq
Oil Down 46 cents ...near 6 years low
Gold Down $5.00
Canadian $ Down 38 tick @ 63.87...new 11 year low
VIX Down 6.22% @ 18.39
Portfolio BBRY BITA CNQ CY FB FIT VDSI
Most stocks are UP
@ 2.40 following are red :
BITA BIDU TSL LVS SINA DNKN YUM FFIV
FSLR SPWR CIEN AMCC M CSOD WYNN
Z MLNX .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 9, 2015
Indices closed down .43% to 1.48%.....
Indices closed down.
S&P 500 @ 2047.62, low 2036.53, high 2080.33
RSI @ 44.65
CMF @ -0.163
Internals were :
Down volume led by 1.11 to 1 in NYSE & 2.84 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 146 in NYSE & by 116 in Nasdaq
VIX UP 11.42% @ 19.61
Oil @ $37.16
Gold @ $1076.50
AH ER..SPWR Down 2.78%, FSLR Down 9.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE reversed badly today and took most stocks lower. S&P 500 closed below 50 & 200 DMA. Nasdaq managed to make "golden cross" even on a sharply lower day. Staying with better performing stocks or emerging stocks is a good idea. Market goes through these "tantrums" even on good news. Be patient and show conviction with better performing stocks while liquidating weak ones.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2047.62, low 2036.53, high 2080.33
RSI @ 44.65
CMF @ -0.163
Internals were :
Down volume led by 1.11 to 1 in NYSE & 2.84 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 146 in NYSE & by 116 in Nasdaq
VIX UP 11.42% @ 19.61
Oil @ $37.16
Gold @ $1076.50
AH ER..SPWR Down 2.78%, FSLR Down 9.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE reversed badly today and took most stocks lower. S&P 500 closed below 50 & 200 DMA. Nasdaq managed to make "golden cross" even on a sharply lower day. Staying with better performing stocks or emerging stocks is a good idea. Market goes through these "tantrums" even on good news. Be patient and show conviction with better performing stocks while liquidating weak ones.
BLOG does NOT give buy or sell.
Saleem
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