Indices closed down on profit taking and rotation back into financials. Nasdaq was the weakest as big technology stocks were sharply lower.
S&P 500 @ 2238.83, low 2333.62, high 2253.58
RSI @ 51.68
CMF @ 0.035
Internals were :
Down volume led by 2.07 to 1 in NYSE & 2.64 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 15 in Nasdaq
VIX UP 5.01% @ 14.04
Oil @ $53.72
Gold @ $1151.70
Canadian $ .6573
Stocks which closed green included BAC
HBAN C GS MS PI CMG VRX TK
FEYE BABA MLNX DATA ....
Here is my portfolio weighting :
BAC 24.48%
BIDU 24.29%
CNQ 20.72%
AMD 17.26%
TECK 7.40%
FCX 5.85%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Wishing a very happy new year to all BLOG visitors !
Saleem
Friday, December 30, 2016
Thursday, December 29, 2016
Indices closed down .03% to .12%.....
Indices closed down.
S&P 500 @ 2249.26, low 2244.56, high 2254.51
RSI @ 56.75
CMF @ 0.014
Internals were :
UP volume led by 1.19 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.41 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 31 in NYSE & 32 in Nasdaq
VIX UP 3.24% @ 13.37
Oil @ $53.77
Gold @ $1157.70
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under mild selling and it feels like most of the selling has already taken place.I am expecting TAPE to find footing here and go UP. Internals were half decent today, which gives me confidence, that selling looks tired. I have completed juggling my portfolio for 2017. It is important to look ahead and see which sectors are ready to move UP. Many financials, base metals and even oil stocks have pulled back to support area, now they should outperform in near term. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2249.26, low 2244.56, high 2254.51
RSI @ 56.75
CMF @ 0.014
Internals were :
UP volume led by 1.19 to 1 in NYSE & .92 to 1 in Nasdaq
Advancing stocks led by 1.41 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 31 in NYSE & 32 in Nasdaq
VIX UP 3.24% @ 13.37
Oil @ $53.77
Gold @ $1157.70
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under mild selling and it feels like most of the selling has already taken place.I am expecting TAPE to find footing here and go UP. Internals were half decent today, which gives me confidence, that selling looks tired. I have completed juggling my portfolio for 2017. It is important to look ahead and see which sectors are ready to move UP. Many financials, base metals and even oil stocks have pulled back to support area, now they should outperform in near term. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Indices down .13% to .26%...
Indices are lower on overbought condition. Indices are off their lows.
S&P 500 @ 2248.69, low 2244.56, high 2254.51
Internals are mixed.
Oil Down 32 cents
Gold UP $15.50
Canadian $ UP 44 tick @ .6486
VIX UP 2.93% @ 13.33
In my portfolio :
Sold CMG @ $377.00
Bought CNQ @ $32.28
Portfolio AMD BIDU BAC CNQ FCX TECK
Most stocks are down
@ 2.41 PM following are green :
BIDU FNSR NVDA ABX LVS V LULU KGC
EXPE SU FFIV BABA CIEN AGU CSOD
MCD SLW AEM M......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2248.69, low 2244.56, high 2254.51
Internals are mixed.
Oil Down 32 cents
Gold UP $15.50
Canadian $ UP 44 tick @ .6486
VIX UP 2.93% @ 13.33
In my portfolio :
Sold CMG @ $377.00
Bought CNQ @ $32.28
Portfolio AMD BIDU BAC CNQ FCX TECK
Most stocks are down
@ 2.41 PM following are green :
BIDU FNSR NVDA ABX LVS V LULU KGC
EXPE SU FFIV BABA CIEN AGU CSOD
MCD SLW AEM M......
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 28, 2016
Indices closed down .56% to .89%.....
Indices closed down.
S&P 500 @ 2249.92, low 2249.11, high 2271.31
RSI @ 57.08
CMF @ -0.058
Internals were :
Down volume led by 4.23 to 1 in NYSE & 4.54 to 1 in Nasdaq
Declining stocks led by 2.73 to 1 in NYSE & 2.72 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 61 in Nasdaq
VIX UP 8.00% @ 12.95
Oil @ $54.06
Gold @ $1141.00
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure due to overbought condition. Housing data was weak, that gave another excuse to sell and book gains.Internals were weak and indices closed @ low of the day, lowest close is never a good thing, this may put more selling pressure @ open. Looking for 2017 ideas is a good focus especially when there is weakness in most stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2249.92, low 2249.11, high 2271.31
RSI @ 57.08
CMF @ -0.058
Internals were :
Down volume led by 4.23 to 1 in NYSE & 4.54 to 1 in Nasdaq
Declining stocks led by 2.73 to 1 in NYSE & 2.72 to 1 in Nasdaq
Net new 52 wk highs were leading by 46 in NYSE & 61 in Nasdaq
VIX UP 8.00% @ 12.95
Oil @ $54.06
Gold @ $1141.00
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure due to overbought condition. Housing data was weak, that gave another excuse to sell and book gains.Internals were weak and indices closed @ low of the day, lowest close is never a good thing, this may put more selling pressure @ open. Looking for 2017 ideas is a good focus especially when there is weakness in most stocks.
BLOG does NOT give buy or sell.
Saleem
Indices down .36% to .74%....
Indices are lower on overbought condition and booking of profit for year end reporting by institutions.Indices are @ low of the day.
S&P 500 @ 2253.85, low 2252.12, high 2271.31
Internals are negative by 2 to 1
Oil UP 27 cents
Gold UP $1.89
Canadian $ UP 9 tick @ .6436
VIX UP 7.09% @ 12.84
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are down
@ 1.22 following are UP.
BIDU CNQ AMZN ABX VRX UA COH GS
SWIR SLW .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2253.85, low 2252.12, high 2271.31
Internals are negative by 2 to 1
Oil UP 27 cents
Gold UP $1.89
Canadian $ UP 9 tick @ .6436
VIX UP 7.09% @ 12.84
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are down
@ 1.22 following are UP.
BIDU CNQ AMZN ABX VRX UA COH GS
SWIR SLW .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 27, 2016
Indices closed UP .06% to .45%...NICE !!!!
Indices closed UP.
S&P 500 @ 2268.88, high 2273.82, low 2266.15
RSI @ 67.53
CMF @ -0.027
Internals were :
UP volume led by 2.57 to 1 in NYSE & 2.41 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 166 in Nasdaq
VIX UP 4.81% @ 11.99
Oil @ $53.90
Gold @ $1138.70
Stocks which were UP 1% or more included AMD TECK
CHK PI NVDA AMZN ABX OLED KGC JKS CSIQ
FSLR SPWR LEN NFLX TSLA SINA WB EBAY
RIG FEYE LNG YELP CIEN AGU TRIP DATA
CSOD SLW AEM CRUS X.....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP on positive economic data and record consumer confidence. Internals of the market improved substantially. Strong stocks continues to outperform, technology are leading the way, solar showed strength also. Rotation is very much in vogue. Today was the last day of booking loss or gains for 2016, but some institutions use the last trading day of the year as book date. We have 3 trading day left to position for 2017, while volume is thin due to holidays.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2268.88, high 2273.82, low 2266.15
RSI @ 67.53
CMF @ -0.027
Internals were :
UP volume led by 2.57 to 1 in NYSE & 2.41 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 166 in Nasdaq
VIX UP 4.81% @ 11.99
Oil @ $53.90
Gold @ $1138.70
Stocks which were UP 1% or more included AMD TECK
CHK PI NVDA AMZN ABX OLED KGC JKS CSIQ
FSLR SPWR LEN NFLX TSLA SINA WB EBAY
RIG FEYE LNG YELP CIEN AGU TRIP DATA
CSOD SLW AEM CRUS X.....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP on positive economic data and record consumer confidence. Internals of the market improved substantially. Strong stocks continues to outperform, technology are leading the way, solar showed strength also. Rotation is very much in vogue. Today was the last day of booking loss or gains for 2016, but some institutions use the last trading day of the year as book date. We have 3 trading day left to position for 2017, while volume is thin due to holidays.
BLOG does NOT give buy or sell.
Saleem
Indices UP .15% to .58%...NICE !!!!
Indices are higher on good economic data and highest consumer confidence in 15 years. Oil is also higher which is helping traders sentiment. Indices are near high of the day.
S&P 500 @ 2270.84, high 2273.82, low 2266.15
Internals are positive by almost 2 to 1
Oil UP 90 cents
Gold UP $5.10
Canadian $ Down 56 tick @ .6437
VIX UP 3.58% @ 11.85
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP
@ 1.56 following are red :
FCX CNQ NEFF VRX LULU DNKN FFIV
LVS MLNX PANW M......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2270.84, high 2273.82, low 2266.15
Internals are positive by almost 2 to 1
Oil UP 90 cents
Gold UP $5.10
Canadian $ Down 56 tick @ .6437
VIX UP 3.58% @ 11.85
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP
@ 1.56 following are red :
FCX CNQ NEFF VRX LULU DNKN FFIV
LVS MLNX PANW M......
BLOG does NOT give buy or sell.
Saleem
Sunday, December 25, 2016
Sector statistics since Dec 31st 2015 to Friday's close ......
Since we are 4 trading days away from end of 2016, i thought, it will be good to see how various sectors performed since close of December 31st of 2015, an year to date snapshot.
SOX UP 39.86%
XLE UP 26.57%
XLF UP 21.79%
RUT UP 20.74%
Dow UP 14.39%
S&P 500 UP 10.76%
Nasdaq UP 9.09%
GLD UP 6.38%
TAN Down 45.30%
I am sure that, most of you are surprised that best performing sectors are not talked about in financial press, their focus is too narrow on 5th to 7th best performing sectors.
There are many important conclusions IF we learn from the above statistic......
Between much maligned Gold sector and much hyped Nasdaq, there is an YTD difference of only 2.71%.......
Solar stocks ( TAN ) are not only the worst performing of all, but they are sharply down 45.30% YTD...
Based on current investing environment XLE and XLF may outperform in 2017.
We need to focus away from Dow , S&P 500 and Nasdaq, as they lagged badly outperforming sectors.
Can GLD shine again, i believe they will, most policy being discussed are highly infltionary, which is good for gold.
IF i have to bet, i think 2017 may turn out to be GLD and XLF in 1 & 2 biggest gainers.
As most markets are closed for Monday and some like Toronto & London are closed for Tuesday also, it is a good time to look back and reflect.
Sector analysis is a very good tool, and may help in better positioning for 2017.
Good luck with your analysis and strategy for 2017.
BLOG does NOT give buy or sell.
Saleem
SOX UP 39.86%
XLE UP 26.57%
XLF UP 21.79%
RUT UP 20.74%
Dow UP 14.39%
S&P 500 UP 10.76%
Nasdaq UP 9.09%
GLD UP 6.38%
TAN Down 45.30%
I am sure that, most of you are surprised that best performing sectors are not talked about in financial press, their focus is too narrow on 5th to 7th best performing sectors.
There are many important conclusions IF we learn from the above statistic......
Between much maligned Gold sector and much hyped Nasdaq, there is an YTD difference of only 2.71%.......
Solar stocks ( TAN ) are not only the worst performing of all, but they are sharply down 45.30% YTD...
Based on current investing environment XLE and XLF may outperform in 2017.
We need to focus away from Dow , S&P 500 and Nasdaq, as they lagged badly outperforming sectors.
Can GLD shine again, i believe they will, most policy being discussed are highly infltionary, which is good for gold.
IF i have to bet, i think 2017 may turn out to be GLD and XLF in 1 & 2 biggest gainers.
As most markets are closed for Monday and some like Toronto & London are closed for Tuesday also, it is a good time to look back and reflect.
Sector analysis is a very good tool, and may help in better positioning for 2017.
Good luck with your analysis and strategy for 2017.
BLOG does NOT give buy or sell.
Saleem
Friday, December 23, 2016
Indices closed UP .07% to .28%....NICE !!!!
Indices closed UP on better than expected economic data in US. All indices closed @ highest point of the day, S&P 500 and Nasdaq @ the-highest point, Dow missed it by few tick. Anytime indices close @ highest point, it is showing technical strength for future.
S&P 500 @ 2263.79, high 2263.79, low 2258.84
RSI @ 65.97
CMF @ -0.053
Internals were :
UP volume led by 1.76 to 1 in NYSE & 2.00 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 48 in Nasdaq
VIX UP 0.09% @ 11.44
Oil @ $53.02
Gold @ $1133.60
Canadian $ .6465
Stocks which closed green included BIDU BAC
MU C CHK NVDA NEFF NTES ABX OLED
TSLA FFIV PCLN TK WB LNG CIEN GS
MLNX DATA CSOD MGA MS SLW AEM
M PANW LRCX CNX QRVO.....
Here is my portfolio weighting :
CMG 26.33%
BAC 22.90%
BIDU 22.11%
AMD 16.12%
TECK 6.94%
FCX 5.60%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Wishing all of BLOG visitors a merry Christmas!
Saleem
S&P 500 @ 2263.79, high 2263.79, low 2258.84
RSI @ 65.97
CMF @ -0.053
Internals were :
UP volume led by 1.76 to 1 in NYSE & 2.00 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 48 in Nasdaq
VIX UP 0.09% @ 11.44
Oil @ $53.02
Gold @ $1133.60
Canadian $ .6465
Stocks which closed green included BIDU BAC
MU C CHK NVDA NEFF NTES ABX OLED
TSLA FFIV PCLN TK WB LNG CIEN GS
MLNX DATA CSOD MGA MS SLW AEM
M PANW LRCX CNX QRVO.....
Here is my portfolio weighting :
CMG 26.33%
BAC 22.90%
BIDU 22.11%
AMD 16.12%
TECK 6.94%
FCX 5.60%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Wishing all of BLOG visitors a merry Christmas!
Saleem
Thursday, December 22, 2016
Indices closed down .12% to .52%.....
Indices closed down.
S&P 500 @ 2260.96, low 2256.08, high 2263.18
RSI @ 65.11
CMF @ -0.056
Internals were :
Down volume led by 1.76 to 1 in NYSE & 1.70 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & 73 in Nasdaq
VIX UP 1.42% @ 11.42
Oil @ $52.95
Gold @ $1130.70
AH ER..CTAS Down 2.83%, SGYP UP 11.39%
AH futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is marking time for holidays and low volume. Looks like after Christmas on Tuesday, we may resume some buying, although we may have low volume until after New Year. It has been a very good market for many, so a rest from Wall & Broad is overdue.Do not read too much into low volume and flat market, we are trading in a very narrow range, which may continue for two more weeks. Stay with your high comfort stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2260.96, low 2256.08, high 2263.18
RSI @ 65.11
CMF @ -0.056
Internals were :
Down volume led by 1.76 to 1 in NYSE & 1.70 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & 73 in Nasdaq
VIX UP 1.42% @ 11.42
Oil @ $52.95
Gold @ $1130.70
AH ER..CTAS Down 2.83%, SGYP UP 11.39%
AH futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is marking time for holidays and low volume. Looks like after Christmas on Tuesday, we may resume some buying, although we may have low volume until after New Year. It has been a very good market for many, so a rest from Wall & Broad is overdue.Do not read too much into low volume and flat market, we are trading in a very narrow range, which may continue for two more weeks. Stay with your high comfort stocks.
BLOG does NOT give buy or sell.
Saleem
Indices down .11% to .43%....
Indices are lower on weak economic data. Oil closed slightly higher after consolidation..
S&P 500 @ 2260.78, low 2256.08, high 2263.18
Internals are negative by 2 to 1
Oil UP 49 cents
Gold Down $3.30
Canadian $ down 81 tick @ .6508
VIX UP 1.24% @ 11.41
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are lower
@ 2.37 following are green :
AMD FNSR MU PI NVDA JKS CSIQ TSLA
SU EBAY MA VRX LNG AGU SWIR
ORCL MCD LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2260.78, low 2256.08, high 2263.18
Internals are negative by 2 to 1
Oil UP 49 cents
Gold Down $3.30
Canadian $ down 81 tick @ .6508
VIX UP 1.24% @ 11.41
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are lower
@ 2.37 following are green :
AMD FNSR MU PI NVDA JKS CSIQ TSLA
SU EBAY MA VRX LNG AGU SWIR
ORCL MCD LRCX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 21, 2016
Indices closed down .16% to .25%......
Indices closed down.
S&P 500 @ 2268.62, low 2266.80, high 2271.23
RSI @ 67.48
CMF @ -0.026
Internals were :
Down volume led by 1.80 to 1 in NYSE & 1.56 to 1 in Nasdaq
Declining stocks led by 1.13 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & 141 in Nasdaq
VIX Down 1.57% @ 11.27
Oil @ $52.49
Gold @ $1133.20
AH ER...MU UP 9.91%, RHT Down 10.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE rested today after a spirited bull action for 6 weeks where series of new all time highs were made. We have 1.5 days left before Christmas holidays and last day to book gains and losses is only after 2.5 trading days, thus a low volume holiday environment. IF your research gives you some trading or investing ideas, it should be implemented. Although indices closed near low of the day, but internals were mixed, which is a good thing. CMF is negative in S&P 500, which shows lack of buyers around.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2268.62, low 2266.80, high 2271.23
RSI @ 67.48
CMF @ -0.026
Internals were :
Down volume led by 1.80 to 1 in NYSE & 1.56 to 1 in Nasdaq
Declining stocks led by 1.13 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & 141 in Nasdaq
VIX Down 1.57% @ 11.27
Oil @ $52.49
Gold @ $1133.20
AH ER...MU UP 9.91%, RHT Down 10.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE rested today after a spirited bull action for 6 weeks where series of new all time highs were made. We have 1.5 days left before Christmas holidays and last day to book gains and losses is only after 2.5 trading days, thus a low volume holiday environment. IF your research gives you some trading or investing ideas, it should be implemented. Although indices closed near low of the day, but internals were mixed, which is a good thing. CMF is negative in S&P 500, which shows lack of buyers around.
BLOG does NOT give buy or sell.
Saleem
Indices down .05% to .08%.....
Indices are slightly lower on oil & taking a mini break from marathon of new all time highs.
S&P 500 @ 2268.62, low 2266.80, high 2271.23
Internals are negative
Oil Down 77 cents
Gold Down 60 cents
Canadian $ Down 37 tick @ .6596
VIX Down 1.57% @ 11.27
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are down
@ 2.44 following are green :
CMG FNSR CHK NVDA NTES UA AAPL LEN
QRVO DNKN EBAY YUM PCLN LNG YELP
WYNN SWIR CSOD AEM CRUS AAL CNX..
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2268.62, low 2266.80, high 2271.23
Internals are negative
Oil Down 77 cents
Gold Down 60 cents
Canadian $ Down 37 tick @ .6596
VIX Down 1.57% @ 11.27
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are down
@ 2.44 following are green :
CMG FNSR CHK NVDA NTES UA AAPL LEN
QRVO DNKN EBAY YUM PCLN LNG YELP
WYNN SWIR CSOD AEM CRUS AAL CNX..
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 20, 2016
Indices closed UP .36% to .49%...NICE !!!!
Indices closed UP.
S&P 500 @ 2270.76, high 2272.56, low 2266.14
RSI @ 70.63
CMF @ 0.040
Internals were :
UP volume led by 2.37 to 1 in NYSE & 1.82 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 168 in NYSE & 210 in Nasdaq
VIX Down 2.22% @ 11.45
Oil @ $52.23
Gold @ $1133.60
Stocks which were UP 1% or more included AMD BAC FCX TECK
MU AKS C PI NVDA NEFF UA LULU COH TSLA YHOO AGU
BABA YELP CIEN GS MS TRIP AAL X M....
AH ER...NKE UP 1.87%, FDX Down 3.34%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE continued its bull run and in the process made another new all time highs in Dow & Nasdaq. Internals of the market was strong, new highs expanding. Most sector participated in today's rally. commodities stocks were back in vogue, some technology stocks were super strong. Balanced portfolio outperforms in a day like today. Much anticipated 20,000 is in the bag and it is going further north.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2270.76, high 2272.56, low 2266.14
RSI @ 70.63
CMF @ 0.040
Internals were :
UP volume led by 2.37 to 1 in NYSE & 1.82 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.88 to 1 in Nasdaq
Net new 52 wk highs were leading by 168 in NYSE & 210 in Nasdaq
VIX Down 2.22% @ 11.45
Oil @ $52.23
Gold @ $1133.60
Stocks which were UP 1% or more included AMD BAC FCX TECK
MU AKS C PI NVDA NEFF UA LULU COH TSLA YHOO AGU
BABA YELP CIEN GS MS TRIP AAL X M....
AH ER...NKE UP 1.87%, FDX Down 3.34%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE continued its bull run and in the process made another new all time highs in Dow & Nasdaq. Internals of the market was strong, new highs expanding. Most sector participated in today's rally. commodities stocks were back in vogue, some technology stocks were super strong. Balanced portfolio outperforms in a day like today. Much anticipated 20,000 is in the bag and it is going further north.
BLOG does NOT give buy or sell.
Saleem
Indices UP .36% to .46%....NICE !!!!
Indices are strong today with many sectors on the move. Dow & Nasdaq made a new all time high intraday. Indices near high of the day.
S&P 500 @ 2269.49, high 2272.56, low 2266.50
Internals are positive by 2 to 1
Oil UP 19 cents
Gold Down $9.70
Canadian $ UP 29 tick @ .6622
VIX Down 1.37% @ 11.55
In my portfolio Added 25% AMD @ $11.38
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP
@ 2.11 following are red :
FNSR NTES TWTR JKS LEN QRVO CSIQ
FEYE LNG FSLR SPWR CTRP WYNN
LVS DATA CSOD SWIR SLW AEM...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2269.49, high 2272.56, low 2266.50
Internals are positive by 2 to 1
Oil UP 19 cents
Gold Down $9.70
Canadian $ UP 29 tick @ .6622
VIX Down 1.37% @ 11.55
In my portfolio Added 25% AMD @ $11.38
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP
@ 2.11 following are red :
FNSR NTES TWTR JKS LEN QRVO CSIQ
FEYE LNG FSLR SPWR CTRP WYNN
LVS DATA CSOD SWIR SLW AEM...
BLOG does NOT give buy or sell.
Saleem
Monday, December 19, 2016
Indices closed UP .20% to .37%....NICE !!!!
Indices closed UP.
S&P 500 @ 2262.53, high 2267.47, low 2258.21
RSI @ 68.62
CMF @ 0.065
Internals were :
UP volume led by 1.18 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 1.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & 115 in Nasdaq
VIX Down 4.02% @ 11.71
Oil @ $52.12
Gold @ $1142.70
Stocks which were UP 1% or more included AMD
CHK PI NVDA AMZN NTES VRX OLED
QRVO MSFT CSIQ CIEN NFLX SWIR
AEM AAL LRCX.....
AH ER ...NPTN Down 19.06%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continues to slowly grind higher, oil & commodities stocks are taking a breather, Chinese stocks were lower again. Rotation are more pronounced now than before, Technology is behaving much better and look stable. A balanced approach may be better to stay ahead. Try to prune out non performing stocks before Next Tuesday deadline for 2016.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2262.53, high 2267.47, low 2258.21
RSI @ 68.62
CMF @ 0.065
Internals were :
UP volume led by 1.18 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 1.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & 115 in Nasdaq
VIX Down 4.02% @ 11.71
Oil @ $52.12
Gold @ $1142.70
Stocks which were UP 1% or more included AMD
CHK PI NVDA AMZN NTES VRX OLED
QRVO MSFT CSIQ CIEN NFLX SWIR
AEM AAL LRCX.....
AH ER ...NPTN Down 19.06%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continues to slowly grind higher, oil & commodities stocks are taking a breather, Chinese stocks were lower again. Rotation are more pronounced now than before, Technology is behaving much better and look stable. A balanced approach may be better to stay ahead. Try to prune out non performing stocks before Next Tuesday deadline for 2016.
BLOG does NOT give buy or sell.
Saleem
Indices UP .26% to .64%....NICE !!!!
Indices are positive on renewed buying & optimism for stocks going into 2017. Indices are near high of the day.
S&P 500 @ 2265.09, high 2267.47, low 2258.21
Internals are positive by almost 2 to 1
Oil UP 9 cents
Gold UP $2.90
Canadian $ Down 76 tick @ .6593
VIX Down 4.10% @ $11.70
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP.
@ 2.05 following are red :
BIDU BAC CMG FCX CNQ AKS TWTR LVS
SINA WB DNKN SU TK LNG WYNN AGU
TRIP DATA X M CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2265.09, high 2267.47, low 2258.21
Internals are positive by almost 2 to 1
Oil UP 9 cents
Gold UP $2.90
Canadian $ Down 76 tick @ .6593
VIX Down 4.10% @ $11.70
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP.
@ 2.05 following are red :
BIDU BAC CMG FCX CNQ AKS TWTR LVS
SINA WB DNKN SU TK LNG WYNN AGU
TRIP DATA X M CNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 18, 2016
Tale of two markets......
Since election, we have clearly seen outperform by many stocks and under perform by an equal number, even indices are giving us same picture, here is RSI to illustrate my point :
Dow 79.04
XLF 68.63
S&P 500 67.51
RUT 64.03
SOX 61.68
Nasdaq 59.88
Out of the six index, first 3 have outperformed and last 3 are laggard.
As we are approaching Christmas and new year rally, it is important to factor these in your investing / trading strategies.
We do have room to rally into new year, but a sobering picture may emerge as we approach inauguration.
Currently many well known indicators are flashing caution and serious overbought conditions, they are :
Put call ratio most overbought in 2 years
Active investment managers ( NAAIM ) are most bullish , that indicator is @ all time high
Individual investors ( AAII ) are very bullish
Despite above alarming stat, we should rally into new year, as new money is allocated towards equities, this frenzied allocation into year end and start of new year may make a "top in this market "
Chinese stocks are faltering lately, they are lacking investors focus, may be a good long term buy to offset coming top.
In any emerging top in market, it may be a very good trading market, or even daytrading market.
As we run towards series of new all time highs, try to book profit and reduce exposure to a neutral level.
This rally has caught many by surprise, thus a tendency to play catch up, when it is all allocated for 2017, then it is time to reduce exposure or buy laggards.
As we are racing higher and higher, some stocks are trading near lows or making new 52 wk lows, sifting through them and buying, will create a balance in your portfolio.
I know, its lot to decipher and think about, but we may have 4 weeks of good market to deal with it.
December 27th is the last day to book gains or losses for 2016.
BLOG does NOT give buy or sell.
Saleem
Dow 79.04
XLF 68.63
S&P 500 67.51
RUT 64.03
SOX 61.68
Nasdaq 59.88
Out of the six index, first 3 have outperformed and last 3 are laggard.
As we are approaching Christmas and new year rally, it is important to factor these in your investing / trading strategies.
We do have room to rally into new year, but a sobering picture may emerge as we approach inauguration.
Currently many well known indicators are flashing caution and serious overbought conditions, they are :
Put call ratio most overbought in 2 years
Active investment managers ( NAAIM ) are most bullish , that indicator is @ all time high
Individual investors ( AAII ) are very bullish
Despite above alarming stat, we should rally into new year, as new money is allocated towards equities, this frenzied allocation into year end and start of new year may make a "top in this market "
Chinese stocks are faltering lately, they are lacking investors focus, may be a good long term buy to offset coming top.
In any emerging top in market, it may be a very good trading market, or even daytrading market.
As we run towards series of new all time highs, try to book profit and reduce exposure to a neutral level.
This rally has caught many by surprise, thus a tendency to play catch up, when it is all allocated for 2017, then it is time to reduce exposure or buy laggards.
As we are racing higher and higher, some stocks are trading near lows or making new 52 wk lows, sifting through them and buying, will create a balance in your portfolio.
I know, its lot to decipher and think about, but we may have 4 weeks of good market to deal with it.
December 27th is the last day to book gains or losses for 2016.
BLOG does NOT give buy or sell.
Saleem
Friday, December 16, 2016
Indices closed down .04% to .36%......
Indices closed down on mini tension in South China Sea. Economic report were weak in US.
S&P 500 @ 2258.07, low 2254.24, high 2268.05
RSI @ 67.51
CMF @ 0.034
Internals were :
UP volume led by 1.11 to 1 in NYSE & .75 to 1 in Nasdaq
Advancing stocks led by 1.27 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 86 in NYSE & 138 in Nasdaq
Oil @ $51.90
Gold @ $1137.40
Canadian $ @ .6662
Stocks which were green included CMG CNQ CHK NVDA
PI NEFF ABX VRX LVS TSLA CSIQ TK YELP FSLR
SPWR YHOO DNKN WYNN SLW AEM.....
Here is my portfolio weighting :
CMG 30.04%
BAC 21.71%
BIDU 21.07%
AMD 11.44%
TECK 10.44%
FCX 5.30%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2258.07, low 2254.24, high 2268.05
RSI @ 67.51
CMF @ 0.034
Internals were :
UP volume led by 1.11 to 1 in NYSE & .75 to 1 in Nasdaq
Advancing stocks led by 1.27 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 86 in NYSE & 138 in Nasdaq
Oil @ $51.90
Gold @ $1137.40
Canadian $ @ .6662
Stocks which were green included CMG CNQ CHK NVDA
PI NEFF ABX VRX LVS TSLA CSIQ TK YELP FSLR
SPWR YHOO DNKN WYNN SLW AEM.....
Here is my portfolio weighting :
CMG 30.04%
BAC 21.71%
BIDU 21.07%
AMD 11.44%
TECK 10.44%
FCX 5.30%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 15, 2016
Indices closed UP .30% to .39%....NICE !!!!
Indices closed UP.
S&P 500 @ 2262.03, high 2272.12, low 2253.77
RSI @ 69.55
CMF @ 0.114
Internals were :
UP volume led by 1.49 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk low were leading by 12 in NYSE & highs by 102 in Nasdaq
VIX Down 3.03% @ 12.79
Oil @ $50.90
Gold @ $1129.80
Stocks which were UP 1% + AMD BAC CMG TECK
AKS C FNSR PI NVDA OLED QRVO NFLX SU
FFIV MA TK RIG LNG MU GS CRUS LRCX
CNX.....
AH ER...ORCL Down 2.15%, AGIO Down 19.38%
JBL UP 10.48%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE staged a nice recovery from fed induced sell yesterday. Most sectors participated in today's rally except Gold & Silver. This TAPE has so much momentum that we are far from being fully allocated by institutions. Stay with your high comfort stocks. Rally has broadened out to include well known technology stocks. Friday being weekly and monthly option expiry, should provide positive action. There is a closing BLOG only around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2262.03, high 2272.12, low 2253.77
RSI @ 69.55
CMF @ 0.114
Internals were :
UP volume led by 1.49 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk low were leading by 12 in NYSE & highs by 102 in Nasdaq
VIX Down 3.03% @ 12.79
Oil @ $50.90
Gold @ $1129.80
Stocks which were UP 1% + AMD BAC CMG TECK
AKS C FNSR PI NVDA OLED QRVO NFLX SU
FFIV MA TK RIG LNG MU GS CRUS LRCX
CNX.....
AH ER...ORCL Down 2.15%, AGIO Down 19.38%
JBL UP 10.48%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE staged a nice recovery from fed induced sell yesterday. Most sectors participated in today's rally except Gold & Silver. This TAPE has so much momentum that we are far from being fully allocated by institutions. Stay with your high comfort stocks. Rally has broadened out to include well known technology stocks. Friday being weekly and monthly option expiry, should provide positive action. There is a closing BLOG only around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Indices UP .19% to .26%....NICE !!!!
Indices are higher but well off their highs on rethink of future interest rates, oil is slightly higher after being 2% lower.
S&P 500 @ 2258.59, high 2272.12, low 2253.77
Internals are positive
Oil UP 9 cents
Gold Down $32.00
Canadian $ Down 70 tick @ .6655
VIX Down 1.59% @ 12.98
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP
@ 2.10 following are red :
BIDU CNQ AMZN GOOG NTES ABX VRX UA
LVS LULU SBUX KGC COH LEN YHOO
SINA PCLN WB BABA CTRP CHK
SLW AEM ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2258.59, high 2272.12, low 2253.77
Internals are positive
Oil UP 9 cents
Gold Down $32.00
Canadian $ Down 70 tick @ .6655
VIX Down 1.59% @ 12.98
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP
@ 2.10 following are red :
BIDU CNQ AMZN GOOG NTES ABX VRX UA
LVS LULU SBUX KGC COH LEN YHOO
SINA PCLN WB BABA CTRP CHK
SLW AEM ......
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 14, 2016
Indices closed down .50% to .81%.......
Indices closed down.
S&P 500 @ 2253.28, low 2248.44, high 2276.20
RSI @ 67.53
CMF @ 0.138
Internals were :
Down volume led by 5.41 to 1 in NYSE & 2.18 to 1 in Nasdaq
Declining stocks led by 4.12 to 1 in NYSE & 2.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 58 in Nasdaq
VIX UP 3.69% @ 13.19
Oil @ $51.04
Gold @ $1163.70
AH ER....PIR UP 21.91%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE made new intraday all time highs before succumbing to Fed statement of 3 more hikes in 2017. There is too much momentum in this TAPE to focus too much on potential hikes in 2017, US economy is growing slowly around 2.5%, so no real need to to do much in terms of slowing it down. We should be back to closing higher on Thursday. Balanced portfolio is the best way going forward, some technology, lots of infrastructure related stocks & financials.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2253.28, low 2248.44, high 2276.20
RSI @ 67.53
CMF @ 0.138
Internals were :
Down volume led by 5.41 to 1 in NYSE & 2.18 to 1 in Nasdaq
Declining stocks led by 4.12 to 1 in NYSE & 2.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 58 in Nasdaq
VIX UP 3.69% @ 13.19
Oil @ $51.04
Gold @ $1163.70
AH ER....PIR UP 21.91%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE made new intraday all time highs before succumbing to Fed statement of 3 more hikes in 2017. There is too much momentum in this TAPE to focus too much on potential hikes in 2017, US economy is growing slowly around 2.5%, so no real need to to do much in terms of slowing it down. We should be back to closing higher on Thursday. Balanced portfolio is the best way going forward, some technology, lots of infrastructure related stocks & financials.
BLOG does NOT give buy or sell.
Saleem
Indices down .41% to .52% on Fed hike....
Indices are lower on news of 25 basis hike and projection of 3 more rate hikes in 2017.
S&P 500 @ 2262.79, low 2256.90, high 2276.20
Internals are negative
Oil Down $1.71
Gold Down $6.20
Canadian $ Down 1.13 cent @ .6760
VIX UP .16% @ 12.74
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are lower
@ 2.37 following are green :
AMD BAC CMG AKS NVDA GOOG LVS AAPL
LULU FFIV MA C GS ORCL MS MCD MSFT
V TSLA AAL X LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2262.79, low 2256.90, high 2276.20
Internals are negative
Oil Down $1.71
Gold Down $6.20
Canadian $ Down 1.13 cent @ .6760
VIX UP .16% @ 12.74
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are lower
@ 2.37 following are green :
AMD BAC CMG AKS NVDA GOOG LVS AAPL
LULU FFIV MA C GS ORCL MS MCD MSFT
V TSLA AAL X LRCX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 13, 2016
Indices closed UP .58% to .95%....NICE !!!!
Indices closed UP.
S&P 500 @ 2271.80, high 2277.53, low 2263.32
RSI @ 77.57
CMF @ 0.230
Internals were :
UP volume led by 1.74 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 1.46 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 186 in Nasdaq
VIX UP .63% @ 12.72
Oil @ $52.98
Gold @ $1159.00
Stocks which were UP 1% or more included BIDU CNQ
AKS PI NVDA AMZN ABX FB OLED TWTR LVS
AAPL KGC MSFT TSLA SINA SU YELP WYNN
CSOD SLW AEM M PANW......
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE made another all time highs in all major indices. Tomorrow its all about Fed decision on interest rates, expectations is an increase of 25 basis, it is the commentary which will matter most. It is extremely hard to handicap what fed statement will be. My thesis is, that it should help financials, technology and US$, negative for Oil, Gold & commodities. I have exposure in both areas, so net net it may not matter for me. Carter Worth is negative on financials, which needs attention.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2271.80, high 2277.53, low 2263.32
RSI @ 77.57
CMF @ 0.230
Internals were :
UP volume led by 1.74 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 1.46 to 1 in NYSE & 1.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 186 in Nasdaq
VIX UP .63% @ 12.72
Oil @ $52.98
Gold @ $1159.00
Stocks which were UP 1% or more included BIDU CNQ
AKS PI NVDA AMZN ABX FB OLED TWTR LVS
AAPL KGC MSFT TSLA SINA SU YELP WYNN
CSOD SLW AEM M PANW......
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE made another all time highs in all major indices. Tomorrow its all about Fed decision on interest rates, expectations is an increase of 25 basis, it is the commentary which will matter most. It is extremely hard to handicap what fed statement will be. My thesis is, that it should help financials, technology and US$, negative for Oil, Gold & commodities. I have exposure in both areas, so net net it may not matter for me. Carter Worth is negative on financials, which needs attention.
BLOG does NOT give buy or sell.
Saleem
Indices UP .60% to 1.12%.....NICE !!!!
Indices are UP on frenzied buying and reentry into tech. Oil is slightly higher. All base metal stocks are weak. Rotation into technology is happening today.
S&P 500 @ 2271.80, high 2277.53, low 2263.22
Internals are positive.
Oil UP 14 cents
Gold Down $7.60
Canadian $ UP 1 tick @ .6881
VIX UP 4.35% @ 13.19
In my portfolio :
Sold CNQ @ $34.35
Bought BAC @ $22.41
Added 115% AMD @ $10.65
Portfolio AMD BAC BIDU CMG FCX TECK
Most stocks are UP
@ 2.33 following are red :
CMG FCX TECK FNSR NEFF UA RIG CSIQ
JKS FSLR SPWR CIEN AGU MGA MS ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2271.80, high 2277.53, low 2263.22
Internals are positive.
Oil UP 14 cents
Gold Down $7.60
Canadian $ UP 1 tick @ .6881
VIX UP 4.35% @ 13.19
In my portfolio :
Sold CNQ @ $34.35
Bought BAC @ $22.41
Added 115% AMD @ $10.65
Portfolio AMD BAC BIDU CMG FCX TECK
Most stocks are UP
@ 2.33 following are red :
CMG FCX TECK FNSR NEFF UA RIG CSIQ
JKS FSLR SPWR CIEN AGU MGA MS ....
BLOG does NOT give buy or sell.
Saleem
Monday, December 12, 2016
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2256.96, low 2252.37, high 2264.03
RSI @ 74.78
CMF @ 0.221
Internals were :
Down volume led by 1.61 to 1 in NYSE & 2.16 to 1 in Nasdaq
Declining stocks led by 1.79 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 229 in Nasdaq
AH ER...PAY Down 4.81%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE took a breather and closed mixed, Dow made another record close.Nasdaq was weak again as new money is pouring in Financials & Infrastructure related stocks. Oil agreement from both OPEC & Non OPEC countries took pundits by surprise, they got their exit from bearish position with some help. I expect energy stocks to outperform to reflect new pricing and profitability. I would recommend heavy weighting towards base metals, energy and financials to reflect a shift in investing thesis.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2256.96, low 2252.37, high 2264.03
RSI @ 74.78
CMF @ 0.221
Internals were :
Down volume led by 1.61 to 1 in NYSE & 2.16 to 1 in Nasdaq
Declining stocks led by 1.79 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 229 in Nasdaq
AH ER...PAY Down 4.81%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE took a breather and closed mixed, Dow made another record close.Nasdaq was weak again as new money is pouring in Financials & Infrastructure related stocks. Oil agreement from both OPEC & Non OPEC countries took pundits by surprise, they got their exit from bearish position with some help. I expect energy stocks to outperform to reflect new pricing and profitability. I would recommend heavy weighting towards base metals, energy and financials to reflect a shift in investing thesis.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed despite a rise in oil prices. Fed decision on interest rates are 48 hours away may be keeping a lid on bullish sentiment or more buying. Dow made a new all time high intraday.
S&P 500 @ 2255.44, low 2252.37, high 2264.03
Internals are negative by 2 to 1
Oil UP $1.45
Gold UP $2.90
Canadian $ UP 45 tick @ .6870
VIX UP 7.66% @ 12.65
In my portfolio..Bought AMD @ $$10.53
Portfolio AMD BIDU CNQ CMG FCX TECK
Most stocks are down
@ 2.20 following are UP :
AMD CNQ CMG TECK PI LVS KGC JKS LEN
SU YUM RIG LNG FSLR CSOD MCD SLW
AEM TSLA.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2255.44, low 2252.37, high 2264.03
Internals are negative by 2 to 1
Oil UP $1.45
Gold UP $2.90
Canadian $ UP 45 tick @ .6870
VIX UP 7.66% @ 12.65
In my portfolio..Bought AMD @ $$10.53
Portfolio AMD BIDU CNQ CMG FCX TECK
Most stocks are down
@ 2.20 following are UP :
AMD CNQ CMG TECK PI LVS KGC JKS LEN
SU YUM RIG LNG FSLR CSOD MCD SLW
AEM TSLA.....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 11, 2016
Strength in Dow & Transport.....
In last 24 trading days, it is obvious that new money is pouring in Dow, transport and Russell.
Nasdaq and Sox are lagging badly in upsurge and new money inflow.
Infrastructure spending will impact Dow stocks big time along with Russell, as base metals and commodities takes off.....
Steels, Copper, Zinc, Metallurgical coal, Aluminum are all into play.....
Biggest laggard Oil, is ready to break out from its recent range of $40 to $50, to a new range of $55 to $60.....
Even $55 oil will be sweet to oil producers...
OPEC has unity & agreement for the first time since 2011.....5 long years of discord has come to an end.
Even Non-Opec producers are cooperating in managing production, first time since 2001.....and a real global agreement since 2001......
Watch oil fly now.......
Imagine.....what oil stocks will do IF we get to $60......most of them should show a 50% gains from current level...its the pricing leverage, while they all have cut down their cost big time.
Most oil companies have done majority of their upgrades already, higher oil prices will be a gravy without any additional cost.
While every trader is fixated on FANG, money will be made in oil, base metals........
TAPE profile has changed from heavy technology weighting to heavy base metals weighting and towards new oil heavy weighting........that will be the sequence....
YES..there are exceptions in technology stocks like AMD...which is coming into its highest growth profile in a long time.........
But now FANG means, Find Another New Growth stock.......
Canada is full of oil growth stocks, it may be wise to look North now for new ideas, some of the well known oil companies are CNQ, SU, they trade in NYSE, but other good ones are Tourmaline oil, Cenovus Energy, they trade in Toronto Stock Exchange......
Times are changing, it is important to adjust to new reality!
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Nasdaq and Sox are lagging badly in upsurge and new money inflow.
Infrastructure spending will impact Dow stocks big time along with Russell, as base metals and commodities takes off.....
Steels, Copper, Zinc, Metallurgical coal, Aluminum are all into play.....
Biggest laggard Oil, is ready to break out from its recent range of $40 to $50, to a new range of $55 to $60.....
Even $55 oil will be sweet to oil producers...
OPEC has unity & agreement for the first time since 2011.....5 long years of discord has come to an end.
Even Non-Opec producers are cooperating in managing production, first time since 2001.....and a real global agreement since 2001......
Watch oil fly now.......
Imagine.....what oil stocks will do IF we get to $60......most of them should show a 50% gains from current level...its the pricing leverage, while they all have cut down their cost big time.
Most oil companies have done majority of their upgrades already, higher oil prices will be a gravy without any additional cost.
While every trader is fixated on FANG, money will be made in oil, base metals........
TAPE profile has changed from heavy technology weighting to heavy base metals weighting and towards new oil heavy weighting........that will be the sequence....
YES..there are exceptions in technology stocks like AMD...which is coming into its highest growth profile in a long time.........
But now FANG means, Find Another New Growth stock.......
Canada is full of oil growth stocks, it may be wise to look North now for new ideas, some of the well known oil companies are CNQ, SU, they trade in NYSE, but other good ones are Tourmaline oil, Cenovus Energy, they trade in Toronto Stock Exchange......
Times are changing, it is important to adjust to new reality!
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, December 9, 2016
Indices closed UP .50% to .72%.....NICE !!!!
Indices closed UP on higher oil, consumer confidence and momentum. All major indices made a new all time highs. This TAPE is in overdrive and is not ready to cool off yet.Indices closed @ high of the day......
S&P 500 @ 2259.53, high 2259.80, low 2249.23
RSI @ 76.31
CMF @ 0.276
Internals were :
UP volume led by 1.32 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 1.01 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 305 in NYSE & 413 in Nasdaq
VIX Down 7.04% @ 11.75
Oil @ $51.50
Gold @ $1161.90
Canadian $ @ .6836
Stocks which closed UP included BIDU CNQ CMG FCX
CHK GOOG FB OLED LVS AAPL JKS CSIQ MSFT
EXPE TRIP PCLN EBAY RIG LNG BABA FSLR
SPWR WYNN AGU MGA AAL.....
Here is my portfolio weighting :
CMG 29.60%
CNQ 29.39%
BIDU 22.78%
TECK 11.92%
FCX 6.31%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2259.53, high 2259.80, low 2249.23
RSI @ 76.31
CMF @ 0.276
Internals were :
UP volume led by 1.32 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 1.01 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 305 in NYSE & 413 in Nasdaq
VIX Down 7.04% @ 11.75
Oil @ $51.50
Gold @ $1161.90
Canadian $ @ .6836
Stocks which closed UP included BIDU CNQ CMG FCX
CHK GOOG FB OLED LVS AAPL JKS CSIQ MSFT
EXPE TRIP PCLN EBAY RIG LNG BABA FSLR
SPWR WYNN AGU MGA AAL.....
Here is my portfolio weighting :
CMG 29.60%
CNQ 29.39%
BIDU 22.78%
TECK 11.92%
FCX 6.31%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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