Central banks supporting this TAPE......

8 trading days ago we saw the lowest point since October 2014, we undercut previous lows and then reversed UP. In 4 weeks S&P 500 lost 269.27 points or 12.94%, which was the steepest straight line drop. This drop shook the confidence of most traders as they have not seen this type of relentless selling.

In last 8 trading days we have regained 127.95 points or 7.06% from low, that was also a very fast rebound.

Markets are highly unpredictable all the time, all we can do is be prepared for a sharp drop and be positioned for any reversal which may take place.

ECB started this turnaround and BOJ gave the much needed boost, so we have moved above many resistance points.

Market seems to be ready for many more upside moves, 2000 is first resistance then 2040 is next in S&P 500, that is a nice range to shoot for.

World economies are a mixed bag, India doing well, while China, US, Canada, EU are showing growth but @ lower pace.

ECB upcoming stimulus in March is a given, US Fed has a wait and see approach, it may be more wait.

Many sectors have participated in this rally which was extremely broadbased, even bank stocks have a pulse.

Still many earnings report are coming which provides ideas to go for, GOOG is among the important one this week.

Strength needs to be bought and stay with, important to know the fundamental of each holding. as there is always too much noise to deal with.

Patience was required to deal with slump we had and it paid off when TAPE turned UP.

Diversification, conviction needs to be there to optimize returns.

Sometimes eliminating weaker results are necessary.

Deployment of funds needs to be in the right place.

Good luck with your own strategy.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 2.38% to 2.48%....NICE !!!!

Indices closed UP @ absolute high of the day in Dow & S&P 500, missed by fraction in Nasdaq. Catalyst was Japan negative interest rate scenario, Banks will be charged interest IF they have cash balances instead of giving loan.

S&P 500 @ 1940.23, high 1940.23, low 1894.00

RSI @ 49.34

CMF @ 0.008

Internals were :

UP volume led by 11.66 to 1 in NYSE & 6.51 to 1 in Nasdaq

Advancing stocks led by 8.23 to 1 in NYSE & 3.93 to 1 in Nasdaq

Net new 52 wk highs were leading by 36 in NYSE & lows by 72 in Nasdaq

VIX Down 9.90% @ 20.20

Oil @ $33.62

Gold $1116.40

Canadian $ .6029 US$

Stocks which were UP 3% or more BIDU CTSH JKS MSFT
V LNKD SPWR FSLR CSIQ AAPL COH LVS WYNN 
FIT NXPI SINA MA LRCX AMBA PANW SPLK
SLW CRUS CTRP DATA VRX Z MLNX....

In my portfolio :

Bought MSFT @ $54.46

Bought CTSH @ $62.83

Here is my weighting :

FB       25.48%

AMZN 22.22%

BIDU   18.54%

CNQ    13.41%

SBUX    6.13%

JKS       5.94%

CTSH    4.79%

MSFT    3.49%

Next post by 2 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .55% to .86%....NICE !!!!

Indices closed UP.

S&P 500 @ 1893.36, high 1902.96, low 1873.65

RSI @ 40.93

CMF @ -0.071

Internals were :

UP volume led by 1.31 to 1 in NYSE & .98 to 1 in Nasdaq

Advancing stocks led by 1.99 to 1 in NYSE & 1.12 to 1 in Nasdaq

Net new 52 wk lows were leading by 81 in NYSE & 158 in Nasdaq

VIX Down 2.99% @ 22.42

Oil @ $33.22

Gold @ $1116.10

Stocks which closed 1% or more AMZN CNQ FB SBUX
GOOG LNKD LULU COH LVS NFLX DNKN CMG
SU CRUS MSFT LRCX AMBA MCD UA CCJ
DATA ORCL WYNN GS AGU MLNX......

AH ER...AMZN Down 13.43%, MSFT UP 4.22%

AMZN earnings report was a huge miss on EPS....

Q4 Sales actual $35.75 billion, estimate $35.93 billion

Q4 EPS actual $1, estimate $1.55

Q1 guidance Sales $27.75 billion, estimate $27.65 billion

Conference call offered no real explanation of EPS miss, just the way business is , sometimes it exceeds expectations, sometimes it does not, Q4 went the other way......

AH futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE closed higher after being down after open.Oil is continuing its rally which has helped sentiment. This is a difficult environment to make money and must be diversified in strong stocks, that sector has its own weak stock. IF a strategy does not work or results are not as expected, one should move on to next best idea.

BLOG does NOT give buy or sell.

Saleem

Indices UP .66% to .89%...NICE !!!!

Indices are higher on higher oil & higher FB earnings.

S&P 500 @ 1895.88, high 1902.96, low 1873.65

Internals are positive

Oil UP 93 cents

Gold Down $1.90

Canadian $ UP 41 tick @ 59.50 US$

VIX Down 3.76% @ 22.24

In my portfolio :

Sold BABA @ $67.64
Sold BITA @ $18.60
Added 200% AMZN @ $607.99

Portfolio AMZN BIDU CNQ FB JKS SBUX

Most stocks are higher

@ 2.46 following are red :

BIDU JKS RLYP PCLN TSL FEYE MU BABA
BITA FIT LEN NXPI TWTR CSIQ YHOO
SINA EXPE EBAY FFIV MA V YELP
CIEN NTES AMCC AAL M SPLK
ABX SLW SPWR CSOD MGA
MS VRX TRIP.....

AMZN reports AH, here are the expectations :

Q4 Sales $35.93 billion, EPS $1.56

Q1 Expectations Sales $27.65 billion, EPS 75 cents

I expect a beat in Q4 and in-line guidance.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.09% to 2.18%.....

Indices closed down.

S&P 500 @ 1882.95, low 1872.70, 1916.99

RSI @ 38.84

CMF @ -0.074

Internals were :

Down volume led by 1.20 to 1 in NYSE & 3.40 to 1 in Nasdaq

Declining stocks led by 1.66 to 1 in NYSE & 2.38 to 1 in Nasdaq

Net new 52 wk lows were leading by 28 in NYSE & 82 in Nasdaq

VIX UP 2.71% @ 23.11

Oil @ $32.30

Gold @ $1116.30

Stocks which closed green included CNQ
NTES JCP LULU COH LVS AAL M
MCD ABX SLW GG AEM MS
MLNX....

AH ER...FB UP 12.12%, EBAY Down 12.26%, 
NOW Down 19.69%

AH FB reported Q4 Sales @ $5.84 billion vs estimate of $5.37 billion
Q4 EPS @ 79 cents vs estimate of 68 cents
ARPU @ $3.73 vs estimate of $3.43
Mobile revenue @ $4.51 billion vs estimate of $4.09 billion
Mobile revenue was 80% of all Ad revenue
1.59 billion users worldwide......
All in all a "superb earnings report"

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, Fed statement of leaving March increase on the table jolted markets badly. Tonight IBD is changing its market outlook to "market under pressure ". Despite heavy selling after 2 PM, internals were not too negative. I believe TAPE should find its footing with FB excellent report. Buying strength has been a winning idea and should be pursued with conviction.

BLOG does NOT give buy or sell.

Saleem

Indices down .18% to 1.06%.....

Fed has noted slowing economy. Indices were lower earlier due to oil being lower but oil has turned UP.

S&P 500 @ 1901.49, low 1887.41, high 1916.99

Internals are mixed

Oil UP 57 cents

Gold unchanged

Canadian $ UP 21 tick @ 59.07 US$

VIX Down .31% @ 22.43

In my portfolio :

Added 20% FB @ $96.25

Portfolio BABA AMZN BIDU BITA CNQ FB JKS SBUX

Most stocks are UP

@ 2.37 following are red :

AMZN BIDU BITA FB SBUX CTRP RLYP LNKD 
PCLN GOOGL AAPL LEN NXPI NFLX SINA
EXPE DNKN MA V FSLR FEYE AMBA
CSIQ SPLK X DATA CSOD VRX Z
WYNN TRIP.....

FB reports after hour, here are the expectations :

Q4 Sales $5.37 billion, EPS 68 cents

Q1 Expectations, Sales $4.99 billion, EPS 58 cents

Expecting a beat all around and guide up.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.09% to 1.78%....NICE !!!!

Indices closed UP.

S&P 500 @ 1903.63, high 1906.73, low 1878.79

RSI @ 41.56

CMF @ -0.028

Internals were :

UP volume led by 9.53 to 1 in NYSE & 3.33 to 1 in Nasdaq

Advancing stocks led by 5.11 to 1 in NYSE & 2.48 to 1 in Nasdaq

Net new 52 wk lows were leading by 47 in NYSE & 74 in Nasdaq

Oil @ $31.45

Gold @ $1120.20

Stocks which were UP 1% or more included CNQ JKS SBUX
RLYP LNKD JCP SWIR PCLN TSL CSIQ FSLR SPWR
LULU COH LVS WYNN LEN DNKN CMG YUM
EBAY FFIV YELP AMCC CIEN AAL M MCD
X STLD ABX SLW GG AEM CCJ MGA MS 
GS  VRX Z AGU MLNX.....

AH ER...AAPL Down 2.57%, VMW Down 4%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong and closed near high of the day. Tonight IBD is changing its market outlook to "confirmed uptrend ". Internals were strong. Oil continues to dominate this TAPE and tomorrow will be no exception. Fed @ 2 PM may decide the direction of this market with its statement. Patience is being tested by this TAPE on a 48 hour basis, stay with your well thought and researched portfolio.

BLOG does NOT give buy or sell.

Saleem

Indices UP .90% to 1.49%.....NICE !!!!

Higher oil has pushed all indices into strong gains so far.

S&P 500 @ 1899.08, high 1906.73, low 1878.79

Internals are positive by 5 to 1 in NYSE & 2.5 to 1 in Nasdaq

Oil UP $1.34

Gold UP $17.30

Canadian $ UP 2.11 cent @ 59.22 US$

VIX Down 6.38% @ 22.61

Portfolio BABA AMZN BIDU BITA CNQ FB JKS SBUX

Most stocks are UP

@ 2.37 following are red :

AMZN BIDU BITA FB CTRP NTES GOOGL FEYE
FIX NXPI NFLX TSLA SINA EXPE CRUS QIHU
SPLK ......

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.29% to 1.58%......

Indices closed lower.

S&P 500 @ 1877.08, low 1875.97, high 1906.28

RSI @ 36.24

CMF @ -0.072

Internals were :

Down volume led by 8.53 to 1 in NYSE & 4.50 to 1 in Nasdaq

Declining stocks led by 5.67 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new 52 wk lows were leading by 92 in NYSE & 107 in Nasdaq

VIX UP 8.10% @ 24.15

Oil @ $30.34

Gold @ $1105.30

AH News / ER ...RMBS UP 6.16%, RLYP UP 17.23%
                             JNPR Down 4.2%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure again after two days of gains, oil is being blamed for a sharp pullback.Internals were extremely weak but RSI is saying buy this market now. Earnings will be in overdrive starting with AAPL AH, then Fed statement on Wednesday @ 2 PM. Market is in the final stage of sorting out oil impact & fed intentions, once those are out of the way, we may see more stability.

BLOG does NOT give buy or sell.

Saleem

Indices down .49% to .71%.......

Indices are lower on lower oil prices and after two day rally.

S&P 500 @ 1892.11, low 1889.41, high 1906.28

Internals are negative by more than 3 to 1 in NYSE & over 2 to 1 in Nasdaq

Oil Down $1.83

Gold UP $9.20

Canadian $ Down 1.26 cent @ 57.59

VIX UP 4.30% @ 23.30

In my portfolio :

Added 60% BABA @ $69.50

Portfolio BABA AMZN BIDU BITA CNQ FB JKS SBUX

Most stocks are down

@ 2.47 following are green :

AMZN BITA FB CTRP NTES RLYP LVS YHOO SINA
FFIV MCD ABX GG SLW AEM VRX WYNN ......

BLOG does NOT give buy or sell.

Saleem

Oversold condition, Fed, Earnings & GDP to impact indices.......

Coming week is full of high profile impact scenario......

From Tuesday earnings will take hold with AAPL,Wednesday FB, BABA & AMZN Thursday....

Wednesday @ 2 PM, Fed will issue their policy statement and have a chance to tone down their 4 increase scenario.

Friday is US GDP, expectations are 0.8% growth......IF we miss this low number, talk of recession will hit CNBC......

SO...we had 2 day rally in S&P 500 & Dow & one day rally in Nasdaq plus a day of major reversal, all credit goes to Mario Draghi ECB President to give a kick start to Indices worldwide, he is promising easing in March....

Earnings will be extremely company specific, most trader knows which companies are not faring well and will monitor closely how bad they are doing with results and guidance.

Bargain hunting is not recommended in this environment, treat bad earnings or guidance as dont buy.

Few companies are all set to report blockbuster earnings and they should be bought before and after earnings and guidance are given, this is an environment of "strong gets stronger"

Fed should tone down its language of "monitoring events worldwide" to being "concerned about events worldwide"

Oil is another negative for economic well being of world, low prices will negatively impact many economies, we may have seen the low in oil already.

Based on recent forecast, India will grow the fastest in the world with 7% GDP growth, China projection is around 6.5% GDP......

It is interesting, how India has come to forefront in GDP growth, Prime Minister Modi is creating an environment of growth by eliminating hurdles & implementing fast approval of projects.

US GDP growth may come around 3% in 2016

Canada may come in @ 2% GDP growth.....

SO..all in all, a very interesting week is shaping UP, equities should behave positively.

Good luck with your own ideas to make money in 2016.......

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.33% to 2.66%....NICE !!!!

Indices closed near high of the day as oil moved sharply higher for second day. Indices confirmed this rally with back to back strong gain. Internals were strongest i have seen in a while.

S&P 500 @ 1906.90, high 1908.85, low 1877.40

RSI @ 40.04

CMF @ 0.012

Internals were :

Up volume led by 6.26 to 1 in NYSE & 6.14 to 1 in Nasdaq

Advancing stocks led by 8.53 to 1 in NYSE & 4.38 to 1 in Nasdaq

Net new 52 wk lows were leading by 15 in NYSE & 42 in Nasdaq

VIX Down 16.30% @ 22.34

Oil @ $32.19

Gold @ $1096.30

Canadian $ @ 58.52....sharp move UP in last 2 days against US$.....

Stocks which were UP 3% or more included AMZN CNQ FB JKS
LNKD AAPL TSL CSIQ FSLR SPWR FEYE LVS WYNN
FIT NXPI SU FFIV YELP CRUS AMCC CIEN SPLK
ABX GG CCJ MS Z GS.......

In my portfolio Bought SBUX @ $58.81

Here is my weighting :

BIDU 24.98%

FB      23.82%

CNQ  14.92%

AMZN 9.67%

JKS      7.76%

SBUX  7.67%

BABA  5.70%

BITA   5.48%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .01% to .74%....NICE !!!!

Indices closed UP.

S&P 500 @ 1868.00, high 1889.85, low 1848.98

RSI @ 31.58

CMF @ -0.014

Internals were :

UP volume led by 2.17 to 1 in NYSE & 1.34 in Nasdaq

Advancing stocks led by 1.86 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk lows were leading by 93 in NYSE & 114 in Nasdaq

VIX Down 3.26% @ 26.69

Oil @ $29.53

Gold @ $1098.20

Stocks which were UP 2% or more included BABA BIDU CNQ
FCX TCK JCP TWTR TSL MU FIT LULU CY VDSI COH
CSIQ FSLR SPWR SU M SBUX X ABX CCJ CSOD.....

AH ER...AXP Down 3.66%, SBUX Down 4.44%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE saw green all over for the first time, Nasdaq barely made into green which is not a strong vote of confidence. Internals were mixed. We need confirmation of this green close or we go back to extreme volatility again. Oil was strong but that strength was not visible in indices on the UP side. I believe strongly that strong stocks have better chance of growth than weaker ones. On Friday there is one closing BLOG only around 7 PM. Any trade i make is reported in a timely manner in comment section.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.....

After higher for most of the day, Nasdaq is red. No excuses today as oil is sharply higher, machines are in control to create money from thin air.

S&P 500 @ 1865.37, high 1889.85, low 1848.98

Internals are positive.

Oil UP $1.21

Gold Down $5.40

Canadian $ UP 1.90 cent @ 56.90

VIX Down 2.25% @ 26.97...low today 25.01

In my portfolio :

Added 35% JKS @ $19.31

Portfolio BABA AMZN BIDU BITA CNQ FB JKS 

Most stocks are UP

@ 2.35 following are red :

BITA JKS AAPL FEYE NFLX BBRY GPRO EXPE
CMG FFIV YELP CRUS RLYP AMBA GMCR
STLD GG MS BRCM Z GS AGU MLNX....

BLOG does NOT give buy or sell.

Saleem

Indices closed down .12% to 1.56%.....

Indices closed down.

S&P 500 @ 1859.33, low 1812.29, high 1876.18

RSI @ 29.22

CMF @ 0.020

Internals were :

Down volume led by 3.18 to 1 in NYSE & 1.36 to 1 in Nasdaq

Declining stocks led by 2.57 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk lows were leading by 1407 in NYSE & 903 in Nasdaq

VIX UP 5.91% @ 27.59

Oil @ $27.59

Gold @ $1106.20

In my portfolio...added 25% FB @ $94.56

AH ER / News...XLNX UP 8.05%, FEYE UP 6.66%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE made lower lows not seen since October 2014, around low there was lot of buying by professional traders / mutual funds that trimmed losses by 50% to 5%, nice turnaround. Market seldom gives you the opportunity to pick strong stocks @ low prices and it is important to look @ prices than market conditions. Internals were horrible today even after turnaround, can you imagine how bad it was @ low of the day. I switch my focus to strong stocks from turnaround stocks.TAPE may have given low prices on many stocks today which we may never see.

BLOG does NOT give buy or sell.

Saleem

Indices down 1.45% to 2.51%......

Indices were in freefall worldwide on collapsing oil prices. Dow was down 565.46 points @ its low of the day.We are in the process of coming off low of the day.

S&P 500 @ 1842.19, low 1812.29, high 1876.18

Internals are negative by 6 to 1 in NYSE & 2 to 1 in Nasdaq

Oil Down $1.91

Gold UP $16.10

Canadian $ UP 58 tick @ 54.82, Central bank left interest rate unchanged @ .50% thus giving support to Canadian $ @ this low low point.

VIX UP 10.75% @ 28.85, high today so far....32.09

In my portfolio :

Sold CY $7.48, Sold BBRY @ $6.50, Sold VDSI @ $13.76
Bought AMZN @ $552.64, Bought BABA @ $65.69.....

Portfolio BABA AMZN BIDU BITA CNQ FB JKS

Most stocks are down

@ 2.47 following are green :

BIDU JKS TWTR SWIR NXPI EXPE GPRO YELP CRUS 
AMCC AMBA M ABX GG AEM CSOD VRX BRCM
AGU MLNX.....

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 1881.33, high 1901.44, low 1864.60

RSI @ 31.52

CMF @ -0.102

Internals were :

Down volume led by 2.27 to 1 in NYSE & 1.51 to 1 in Nasdaq

Declining stocks led by 2.04 to 1 in NYSE & 1.91 to 1 in Nasdaq

Net new 52 wk lows were leading by 720 in NYSE & 464 in Nasdaq

VIX Down 3.59% @ 26.05

Oil @ $28.46

Gold @ $1089.10

AH ER...IBM Down 3.82%, AMD Down 6.15%
               NFLX UP 6.84%, CREE UP 7%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was erratic, first UP and then Down then slightly mixed, not a vote of confidence today. After weeks of selling i was expecting more spirited buying. Oil is the epi centre of this TAPE, unless oil turns UP, i do not see how we can go up in a sustained manner. There is lot of implications for low oil, like loan losses and worst case even bankruptcy for some companies. In the mean time stay with conviction as " deeply oversold conditions exists "

BLOG does NOT give buy or sell.

Saleem

Indices down .23% to .83%....

Oil is dragging down indices again as Iran ships more oil to add to the glut.

S&P 500 @ 1872.14, low 1867.64, high 1901.44

Internals are negative by more than 2 to 1

Oil Down 99 cents

Gold UP 60 cents 

Canadian $ UP 7 tick as Canadian Central Bank is ready for its decision by 10 AM Wednesday, speculation that interest rate may remain unchanged.

VIX UP .22% @ 27.08

Portfolio BIDU BBRY BITA CNQ CY FB JKS VDSI

Most stocks are down

@ 2.36 following are green :

BIDU JKS TCK NTES GOOGL BABA NFLX LULU
YHOO SINA EXPE EBAY YUM QIHU M SBUX
MCD X STLD MGA MS WYNN GS MLNX.....

BLOG does NOT give buy or sell.

Saleem

Everyone is bearish now......

TAPE was in a freefall last week reaching lowest level of 2015, remember we are in 2016.....

CNBC gurus were having a field day with dire prediction for this market all based on opinions and lines drawn southbound as far as possible. Carter Worth takes the cake with prediction for S&P 500 @ 1575.......

SO IF you believe Carter Worth magic number of 1575 which is 305 points lower than Friday's close, we have to be suicidal to be long in this market @ all......

BUT first look @ carnage in the market since 2015 highs :

S&P 500 Down 11.92%

Dow Down        12.89%

Nasdaq Down    14.21%

Russell Down    22.24%

Here is the "most reliable " RSI number "

S&P 500 @ 31.29%

Dow        @ 30.24

Nasdaq   @ 28.92%

Russell   @ 25.48%

RSI is telling me that we are on the verge of  " major turnaround in Russell & Nasdaq "...Dow & S&P 500 to follow......

Bull Bear ratio is giving a "huge buy signal"

Bears are leading by 7.1%.....a reliable contrary indicator......

BUT no one on CNBC is factoring RSI & Bull Bear ratio...as far as those gurus are concerned they are "irrelevant "

They all are too busy drawing their "fictional lines on charts "

Lets look @ the fundamental reasons which could be @ play.......

There is "no recession in the world today in any major economies "

GDP is growing everywhere, only CNBC pundits are talking about recession, another fictional talk.

YES China is slowing down, official number is 7% GDP growth but they may come near 6.5% GDP growth, in economics 101, 6.5% GDP growth is " strong growth "

Commodities are going down as Chinese needs for those products are "minimal", it was robust @ 12% GDP growth in 2008, but @ 6.5% simple math does not support huge need.

Gold is going down because US $ is strong due to Chinese slowdown, also there is no inflation worldwide.

Computers, Smartphones and Tablets are @ saturation point, their growth is negative.......

Energy means Oil has collapsed and their is financial implications in that sector along with commodities , expect major adjustment in their loan portfolios.....

Some of the above changes are causing disruption and financial impact which is being discounted by markets around the world.

It is extremely sector specific not broad based, earning reports will prove skeptics very wrong.

Based on above analysis , it is a "fair conclusion " that markets are ready to rebound hard and fast.

Use RSI as a gauge, 30 means buy & 70 means sell is an old reliable number to keep in mind.

World markets are open on Monday including Canada, hopefully we will see stabilisation by close.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 2.16% to 2.74%......

Indices were down sharply with Dow being down 530 points @ low of the day. Indices closed higher than low. Oil was the main culprit for this sharp move lower.

S&P 500 @ 1880.29, low 1857.83, high 1916.68

RSI @ 31.29

CMF @ -0.147

Internals were :

Down volume led by 8.79 to 1 in NYSE & 7.99 to 1 in Nasdaq

Declining stocks led by 4.90 to 1 in NYSE & 4.72 to 1 in Nasdaq

Net new 52 wk lows were leading by 933 in NYSE & 617 in Nasdaq

VIX UP 12.82% @ 27.02

Oil @ $29.42

Gold @ $1090.70

Canadian $ @ 54.75.......new 13 year low

Stocks which closed green included FCX TCK LVS CMG M 
ABX SLW AEM Z WYNN.....

Here is my weighting :

BIDU 25.91%

FB      20.02%

CNQ   14.77%

CY      12.74%

VDSI   10.85%

BITA     6.47%

JKS        5.43%

BBRY    3.81%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem 

Indices closed UP 1.41% to 1.97%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1921.83, high 1934.47, low 1878.93

RSI @ 35.91

CMF @ -0.088

Internals were :

UP volume led by 3.34 to 1 in NYSE & 3.12 to 1 in Nasdaq

Advancing stocks led by 2.07 to 1 in NYSE & 2.18 to 1 in Nasdaq

Net new 52 wk lows were leading by 621 in NYSE & 524 in Nasdaq

VIX Down 5.04% @ 23.95

Oil @ $31.20

Gold @ $1073.60

Stocks UP 3% or more included BIDU BBRY CNQ FB VDSI
FCX TCK NTES SWIR SINA CMG SU CRUS AMCC X
CSOD VRX AGU.......

AH ER....INTC Down 4.4%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE reversed from lower lows into a strong close. Many stocks group participated in this rally except solar stocks which is hurting due to situation in Nevada & its supplier. This rally is wait and see and has to prove itself. TAPE has been damaged badly and may need several attempts to build a solid base. Keep an eye on internals as it is still very weak.Every Friday or before long weekend there is a closing BLOG only.

BLOG does NOT give buy or sell.

Saleem

Indices UP 1.84% to 2.54%......NICE !!!!

Indices are @ high of the day on higher oil prices and higher Shanghai closing. S&P 500 tested major support @ 1878 area and then turned UP and have not looked back.

S&P 500 @ 1930.87, high 1931.08, low 1878.93.

Internals are positive by 2 to 1

Oil UP 67 cents

Gold Down $11.70

Canadian $ Down 13 tick @ 56.50

VIX Down 7.41% @ 23.35

In my portfolio :

Added 20% CY @ $8.22

Portfolio BIDU BBRY BITA CNQ CY FB JKS VDSI

Most stocks are UP

@3.02 following are red :

JKS JCP MU FIT GPRO LEN CSIQ DNKN YELP
AMBA M ABX SLW GG AEM MGA Z TRIP
WYNN.......

BLOG does NOT give buy or sell.

Saleem

Indices closed down 2.21% to 3.41%......

Indices closed down.

S&P 500 @ 1890.28, low 1886.41, high 1950.33

RSI @ 28.45

CMF @ -0.112

Internals were :

Down volume led by 9.42 to 1 in NYSE & 7.45 to 1 in Nasdaq

Declining stocks led by 7.64 to 1 in NYSE & 6.35 to 1 in Nasdaq

Net new 52 wk lows were leading by 757 in NYSE & 559 in Nasdaq

VIX UP 12.24% @ 25.22

Oil @ $30.48

Gold @ $1087.10

AH news ....GPRO Down 24.57%, AMBA Down 10.41%

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE reversed and went down in a straight line and closed near low of the day, internals have been the worst i have seen in a while. TAPE is definitely oversold but it does not have firm buying support which is resulting in lower lows in a hurry.We have broken key support @ 1900, 1871 is next support area. Too much negativity is the only contrary indicator which may cut through negativity and give some upside.

BLOG does NOT give buy or sell.

Saleem

Indices down 1.65% to 2.69%......

Indices are @ low of the day after being higher, this reversal is extremely troubling as to the health of this market. Oil is lower again after being higher.

S&P 500 @ 1903.56, low 1900.74, high 1950.33

Internals are negative by 5 to 1

Oil Down 10 cents

Gold UP $7.70

Canadian $ Down 85 tick @ 56.54...new 13 year low against US$

VIX UP 10.15% @ 24.75

In my portfolio :

Sold NFLX @ $108.24

Portfolio BIDU BBRY BITA CNQ CY FB JKS VDSI

Most stocks are down

@ 2.29 following are green :

FIT DNKN CMG FFIV YUM M GMCR ABX SLW
AEM MGA.....

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .72% to 1.03%.....NICE !!!!

Indices closed UP.

S&P 500 @ 1938.68, high 1947.38, low 1914.35

RSI @ 34.10

CMF @ 0.004

Internals were :

UP volume led by .96 to 1 in NYSE & 1.99 to 1 in Nasdaq

Declining stocks led by 1.09 to 1 in NYSE & .996 to 1 in Nasdaq

Net new 52 wk lows were leading by 570 in NYSE & 364 in Nasdaq

VIX Down 7.53% @ 22.47

Oil @ $30.44

Gold @ $1085.20

AH ER....CYBR UP 13.24%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE finally discounted low oil prices and moved UP @ close. This close is technically very significant as we closed higher than highs of yesterday in all indices. Hopefully we build momentum from here as sellers are washed out and buyers may dominate few sessions. Oil price prediction is getting lower and lower, latest being $15 from RBS. Keep an eye on TAPE for possible weakness again, until then enjoy the ride UP.

BLOG does NOT give buy or sell.

Saleem

Indices are lower by .35% to .40%.....

Oil continues to be a drag on equities, it briefly went below $30. Indices are holding above lows from yesterday..so far.

S&P 500 @ 1919.40, low 1914.35, high 1947.38

Internals are negative by almost 3 to 1

Oil Down $1.20..new 12 year low

Gold Down $7.20

Canadian $ Down 50 tick @ 57.36...another new 13 year low 

VIX Down 4.44% @ 23.22...that is very strange....green close for equities ?

Portfolio BIDU BBRY BITA CNQ CY FB JKS NFLX VDSI

Most stocks are lower

@ 2.57 following are green :

BIDU BITA FB NFLX VDSI NTES AMZN PCLN
GOOGL AAPL BABA LULU FIT LEN YHOO
SINA YUM MA V QIHU AMBA AAL
SPLK SBUX STLD X DATA CSOD
VRX AGU MLNX.....

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 1923.67, high 1935.65, low 1901.10

RSI @ 30.11

CMF @ -0.072

Internals were :

Down volume led by 1.41 to 1 in NYSE & 1.38 to 1 in Nasdaq

Declining stocks led by 1.87 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk lows were leading by 600 in NYSE & by 476 in Nasdaq

VIX Down 10.03% @ 24.30

Oil @ $31.41

Gold @ $1096.20

AH news....LULU UP 8.53%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under renewed selling pressure and made lower lows and tested major support @ 1901 area, this test was successful as we closed much higher than lows but also closed higher than yesterday. Nasdaq has a losing streak of 8 days in a row now, hopefully the direction changes. Oil is the real culprit in going to 12 year lows which brought indices under pressure, but we closed UP in Dow & S&P 500 despite that. I am hoping that we gather strength in indices starting on Tuesday and build from there.

BLOG does NOT give buy or sell.

Saleem

Indices are lower by .11% to .66%.....

Indices are tracking oil collapse in early going but have recovered nicely to minor losses.

S&P 500 @ 1914.36, low 1901.10, high 1935.65

Internals are negative by 2 to 1

Oil Down $1.69...new 12 year low

Gold Down $3.50

Canadian $ Down 54 tick @ 57.78..new 13 year low

VIX Down 5% @ 25.66

Portfolio BIDU BBRY BITA CNQ CY FB JKS NFLX VDSI

Most stocks are down

@ 2.56 following are green :

NFLX AMZN AAPL LULU COH LEN NXPI DNKN
EBAY FFIV V AAL M SBUX MCD GS TRIP
MLNX......

BLOG does NOT give buy or sell.

Saleem