Indices closed mixed.
S&P 500 @ 2059.74, low 2057.46, high 2067.92
RSI @ 67.58
CMF @ 0.328
Internals were :
UP volume led by 1.01 to 1 in NYSE & 1.08 to 1 in Nasdaq
Advancing stocks led by 1.23 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 163 in NYSE & 40 in Nasdaq
VIX UP 2.88% @ 13.95
Oil @ $38.34
Gold @ $1235.60
AH ER....VJET UP 7.05%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE mixed close is not reflected in internals, which were mostly positive. Friday is about jobs report which has been strong, i expect the numbers to exceed expectations of 190K. Strong US jobs picture is a reflection of improving economy. TAPE rested today for another move higher, slow & steady is a very positive sign for bulls. There is no panic for any economic report, its business as usual.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 31, 2016
Indices down .01% to .19%.....
Indices are down, not because oil is down but due to overbought condition which exists for few days. Indices are @ low of the day.
S&P 500 @ 2061.47, low 2060.27, high 2067.92
Internals are negative
Oil UP 43 cents
Gold UP $5.20
Canadian $ Down 28 tick @ .7008, excellent GDP of .6% but CAD was overbought, so pulled back from 1 cent higher
VIX UP 3.17% @ 13.99
In my portfolio :
Bought FEYE @ $17.71
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP SBUX
TWTR V
Most stocks are down
@ 2.33 following are green by 1% or more :
CNQ CMG JKS TWTR TSLA SU CIEN
AMBA ZG......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2061.47, low 2060.27, high 2067.92
Internals are negative
Oil UP 43 cents
Gold UP $5.20
Canadian $ Down 28 tick @ .7008, excellent GDP of .6% but CAD was overbought, so pulled back from 1 cent higher
VIX UP 3.17% @ 13.99
In my portfolio :
Bought FEYE @ $17.71
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP SBUX
TWTR V
Most stocks are down
@ 2.33 following are green by 1% or more :
CNQ CMG JKS TWTR TSLA SU CIEN
AMBA ZG......
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 30, 2016
Indices closed UP .44% to .47%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2063.95, high 2072.21, low 2058.27
RSI @ 69.54
CMF @ 0.406
Internals were :
UP volume led by 2.03 to 1 in NYSE & 1.88 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 61 in Nasdaq
VIX Down 1.88% @ 13.56
Stocks which were UP 1% or more included CMG NTES TWTR V
QRVO CTRP LNG PANW LULU AAPL COH CTSH LNKD
SU YUM MA LNG BABA YELP CRUS MCD UA SWIR
MGA MS AGU TRIP MLNX......
In my portfolio :
Bought CNQ @ $26.79
AH News....MU UP .95%, CLDX UP 4.72%
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE carried its momentum from Fed speeches in last 24 hours, all bullish for equities. Dow & S&P 500 closed @ its highest level in 2016. Internals are all positive and getting stronger.There is a noticeable absence of profit taking even @ this level, which means stay in the game with high confidence stocks. Rotation is a good way to minimize RSI related risk.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2063.95, high 2072.21, low 2058.27
RSI @ 69.54
CMF @ 0.406
Internals were :
UP volume led by 2.03 to 1 in NYSE & 1.88 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 61 in Nasdaq
VIX Down 1.88% @ 13.56
Stocks which were UP 1% or more included CMG NTES TWTR V
QRVO CTRP LNG PANW LULU AAPL COH CTSH LNKD
SU YUM MA LNG BABA YELP CRUS MCD UA SWIR
MGA MS AGU TRIP MLNX......
In my portfolio :
Bought CNQ @ $26.79
AH News....MU UP .95%, CLDX UP 4.72%
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE carried its momentum from Fed speeches in last 24 hours, all bullish for equities. Dow & S&P 500 closed @ its highest level in 2016. Internals are all positive and getting stronger.There is a noticeable absence of profit taking even @ this level, which means stay in the game with high confidence stocks. Rotation is a good way to minimize RSI related risk.
BLOG does NOT give buy or sell.
Saleem
Indices UP .50% to .55%.....NICE !!!!
Indices are higher on dovish comment by Fed chief yesterday, there is more Fed speak to support that view today.
S&P 500 @ 2065.38, high 2072.21, low 2058.27
Internals are positive by more than 2 to 1
Oil UP 6 cents
Gold Down $9.20
Canadian $ UP 1.10 @ .7036...highest level in 6 months
VIX Down 1.81% @ 13.57
In my portfolio :
Added 100% ABX @ $13.88
Sold QRVO @ $51.26
Portfolio ABX CMG JKS MSFT NTES JCP SBUX TWTR V
Most stocks are UP
@ 2.18 following are red :
ABX JCP FEYE NXPI FB GG LVS NFLX TSLA AMBA M
SLW AEM DATA VRX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2065.38, high 2072.21, low 2058.27
Internals are positive by more than 2 to 1
Oil UP 6 cents
Gold Down $9.20
Canadian $ UP 1.10 @ .7036...highest level in 6 months
VIX Down 1.81% @ 13.57
In my portfolio :
Added 100% ABX @ $13.88
Sold QRVO @ $51.26
Portfolio ABX CMG JKS MSFT NTES JCP SBUX TWTR V
Most stocks are UP
@ 2.18 following are red :
ABX JCP FEYE NXPI FB GG LVS NFLX TSLA AMBA M
SLW AEM DATA VRX......
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 29, 2016
Indices closed UP .56% to 1.67%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2055.01, high 2055.91, low 2028.31
RSI @ 67.69
CMF @ 0.466
Internals were :
UP volume led by 2.70 to 1 in NYSE & 3.55 to 1 in Nasdaq
Advancing stocks led by 4.12 to 1 in NYSE & 2.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 199 in NYSE & 23 in Nasdaq
VIX Down 9.32% @ 13.82
Oil @ $38.28
Gold @ $1237.50
Stocks which were UP 3% or more included ABX JKS QRVO
SPLK GG LEN CSIQ YHOO YELP CRUS CIEN AMBA
LRCX SLW AEM DATA SWIR ZG TRIP......
In my portfolio :
Sold BIDU @ $188.50
Portfolio ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2055.01, high 2055.91, low 2028.31
RSI @ 67.69
CMF @ 0.466
Internals were :
UP volume led by 2.70 to 1 in NYSE & 3.55 to 1 in Nasdaq
Advancing stocks led by 4.12 to 1 in NYSE & 2.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 199 in NYSE & 23 in Nasdaq
VIX Down 9.32% @ 13.82
Oil @ $38.28
Gold @ $1237.50
Stocks which were UP 3% or more included ABX JKS QRVO
SPLK GG LEN CSIQ YHOO YELP CRUS CIEN AMBA
LRCX SLW AEM DATA SWIR ZG TRIP......
In my portfolio :
Sold BIDU @ $188.50
Portfolio ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Monday, March 28, 2016
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2037.05, high 2042.67, low 2031.96
RSI @ 63.57
CMF @ 0.366
Internals were :
UP volume led by 1.10 to 1 in NYSE & .86 to 1 in Nasdaq
Advancing stocks led by 1.35 to 1 in NYSE & .83 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & lows by 8 in Nasdaq
VIX UP 3.39% @ 15.24
Oil @ $39.39
Gold @ $1220.00
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was in neutral ground and had to deal with oil being lower, by close Dow & S&P 500 was green and Nasdaq was off by less than 7 points. Janet Yellen is on tap for Tuesday and traders waiting for some hint about direction of near term fed interest rate policy. Today's TAPE was very constructive and hopefully next direction is higher, jobs report notwithstanding.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2037.05, high 2042.67, low 2031.96
RSI @ 63.57
CMF @ 0.366
Internals were :
UP volume led by 1.10 to 1 in NYSE & .86 to 1 in Nasdaq
Advancing stocks led by 1.35 to 1 in NYSE & .83 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & lows by 8 in Nasdaq
VIX UP 3.39% @ 15.24
Oil @ $39.39
Gold @ $1220.00
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was in neutral ground and had to deal with oil being lower, by close Dow & S&P 500 was green and Nasdaq was off by less than 7 points. Janet Yellen is on tap for Tuesday and traders waiting for some hint about direction of near term fed interest rate policy. Today's TAPE was very constructive and hopefully next direction is higher, jobs report notwithstanding.
BLOG does NOT give buy or sell.
Saleem
Indices UP .07% to .28%.......NICE !!!!
Indices are higher despite oil being slightly lower. Indices are near high of the day.
S&P 500 @ 2040.87, high 2040.94, low 2031.96
Internals are negative.
Oil Down 23 cents
Gold Down $1.70
Canadian $ UP 87 tick @ .6814
VIX UP 2.10% @ 15.05
Portfolio BIDU ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.06 following are green :
BIDU CMG JCP QRVO SBUX PANW GOOG SPWR
FB CNQ COH LEN NFLX TSLA YHOO DNKN
YUM FFIV WB BABA FSLR CRUS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2040.87, high 2040.94, low 2031.96
Internals are negative.
Oil Down 23 cents
Gold Down $1.70
Canadian $ UP 87 tick @ .6814
VIX UP 2.10% @ 15.05
Portfolio BIDU ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.06 following are green :
BIDU CMG JCP QRVO SBUX PANW GOOG SPWR
FB CNQ COH LEN NFLX TSLA YHOO DNKN
YUM FFIV WB BABA FSLR CRUS.....
BLOG does NOT give buy or sell.
Saleem
Sunday, March 27, 2016
Last 3 trading days......
Last 3 trading days saw some downward move on renewed talk of rate hike, here is how all indices behaved :
Dow down .75%
Nasdaq down 1.28%
S&P 500 down 1.47%
Russell down 2.18%
It is interesting to see how indices behaved on two major negative news, Fed rate hike talk and Oil correction.
Also on friday, a much played news of a pundit predicting 10% correction sometimes in next few months, For the record stock market generally corrects twice in a year which ranges from 6% to 10%...so no news there.....
GDP of US was revised upward to 1.4% from 1% growth, this is a very good news for the bulls.
Oil remains the epi centre for stock movement, as US$ is getting a boost from rate hike talk, we may see continued pressure in oil & gold.
By end of the day oil & gold have an improving pattern, which helps indices in closing near high of the day.
Based on the TAPE action so far, it is a clear cut strong bull market, which has legs.
It is important to see that "trend is your friend"
It is important to note that oil is trading around $39.46 after so called correction, not a bad picture.
Gold is @ $1221.60, high being $1287.80 and low is $1046.50
VIX @ 14.74, high being 53.20 and low of 10.88, still room for a lower move which is good for equities.
All in all, we had a mini rest period in TAPE and we may start moving up again.
A well diversified approach with a focus on stronger stocks should do well going forward.
Good luck with your take of market and your own comfort level.
BLOG does NOT give buy or sell.
Saleem
Dow down .75%
Nasdaq down 1.28%
S&P 500 down 1.47%
Russell down 2.18%
It is interesting to see how indices behaved on two major negative news, Fed rate hike talk and Oil correction.
Also on friday, a much played news of a pundit predicting 10% correction sometimes in next few months, For the record stock market generally corrects twice in a year which ranges from 6% to 10%...so no news there.....
GDP of US was revised upward to 1.4% from 1% growth, this is a very good news for the bulls.
Oil remains the epi centre for stock movement, as US$ is getting a boost from rate hike talk, we may see continued pressure in oil & gold.
By end of the day oil & gold have an improving pattern, which helps indices in closing near high of the day.
Based on the TAPE action so far, it is a clear cut strong bull market, which has legs.
It is important to see that "trend is your friend"
It is important to note that oil is trading around $39.46 after so called correction, not a bad picture.
Gold is @ $1221.60, high being $1287.80 and low is $1046.50
VIX @ 14.74, high being 53.20 and low of 10.88, still room for a lower move which is good for equities.
All in all, we had a mini rest period in TAPE and we may start moving up again.
A well diversified approach with a focus on stronger stocks should do well going forward.
Good luck with your take of market and your own comfort level.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 24, 2016
Indices closed mixed......
Indices staged a comeback despite low oil & gold prices. Indices closed mixed but @ high of the day while internals were mostly positive.
S&P 500 @ 2035.94, low 2022.49, high 2036.04
RSI @ 63.30
CMF @ 0.323
Internals were :
UP Volume led by 1.25 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.05 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & lows by 25 in Nasdaq
VIX Down 1.34% @ 14.74
Oil @ $39.46
Gold @ $1221.60
Canadian $ @ .6731
Stocks which were UP 1% or more included ABX
LULU SPLK AMZN GG CTSH TSLA RIG
YELP AMCC CIEN AMBA AEM ZG
DATA SWIR CSOD WYNN...
Here is my weighting :
CMG 16.40%
BIDU 16.08%
NTES 12.57%
QRVO 10.28%
JKS 7.24%
ABX 7.07%
TWTR 6.92%
V 6.45%
SBUX 6.09%
JCP 5.70%
MSFT 5.20%
Next post around 2 PM on Sunday
BLOG does NOT give buy or sell.
Enjoy 3 day break from market....
Saleem
S&P 500 @ 2035.94, low 2022.49, high 2036.04
RSI @ 63.30
CMF @ 0.323
Internals were :
UP Volume led by 1.25 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.05 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & lows by 25 in Nasdaq
VIX Down 1.34% @ 14.74
Oil @ $39.46
Gold @ $1221.60
Canadian $ @ .6731
Stocks which were UP 1% or more included ABX
LULU SPLK AMZN GG CTSH TSLA RIG
YELP AMCC CIEN AMBA AEM ZG
DATA SWIR CSOD WYNN...
Here is my weighting :
CMG 16.40%
BIDU 16.08%
NTES 12.57%
QRVO 10.28%
JKS 7.24%
ABX 7.07%
TWTR 6.92%
V 6.45%
SBUX 6.09%
JCP 5.70%
MSFT 5.20%
Next post around 2 PM on Sunday
BLOG does NOT give buy or sell.
Enjoy 3 day break from market....
Saleem
Wednesday, March 23, 2016
Indices closed down .45% to 1.10%......
Indices closed down.
S&P 500 @ 2036.71, low 2034.86, high 2048.55
RSI @ 63.60
CMF @ 0.328
Internals were :
Down volume led by 5.90 to 1 in NYSE & 2.94 to 1 in Nasdaq
Declining stocks led by 2.93 to 1 in NYSE & 3.83 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & lows by 16 in Nasdaq
VIX UP 5.43% @ 14.94
Oil @ $39.79
Gold @ $1224.00
AH ER...PVH UP 5.44%, KBH UP 7.02%
AH Futures Down
AH Asian Markets Mixed
AH Oil& Gold Down
About market, TAPE was under selling pressure from open and closed near low of the day. Reason for this change in direction was US$ being strong which put pressure on Oil & Gold. These pullbacks are a good buying opportunity. Patience and conviction needs to be in focus instead of headlines like Belgium which had a delayed focus today. It is important that we close on Thursday above low of the day.There is a closing BLOG around 7 PM on Thursday as Friday is a holiday in US & Canada.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2036.71, low 2034.86, high 2048.55
RSI @ 63.60
CMF @ 0.328
Internals were :
Down volume led by 5.90 to 1 in NYSE & 2.94 to 1 in Nasdaq
Declining stocks led by 2.93 to 1 in NYSE & 3.83 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & lows by 16 in Nasdaq
VIX UP 5.43% @ 14.94
Oil @ $39.79
Gold @ $1224.00
AH ER...PVH UP 5.44%, KBH UP 7.02%
AH Futures Down
AH Asian Markets Mixed
AH Oil& Gold Down
About market, TAPE was under selling pressure from open and closed near low of the day. Reason for this change in direction was US$ being strong which put pressure on Oil & Gold. These pullbacks are a good buying opportunity. Patience and conviction needs to be in focus instead of headlines like Belgium which had a delayed focus today. It is important that we close on Thursday above low of the day.There is a closing BLOG around 7 PM on Thursday as Friday is a holiday in US & Canada.
BLOG does NOT give buy or sell.
Saleem
Indices down .31% to .83%......
Indices are trading lower on lower oil, gold and other base metals. Indices are near low of the day.
S&P 500 @ 2040.78, low 2038.21, high 2048.55
Internals are negative by more than 2 to 1
Oil Down $1.60
Gold Down $24.70
Canadian $ Down 1.61 cent @ .6795
VIX UP 3.81% @ 14.71...very weak move, good for equities comeback
Portfolio BIDU ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.47 following are green :
CMG V LULU AMZN FB CTSH EXPE YUM MA
MCD VRX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2040.78, low 2038.21, high 2048.55
Internals are negative by more than 2 to 1
Oil Down $1.60
Gold Down $24.70
Canadian $ Down 1.61 cent @ .6795
VIX UP 3.81% @ 14.71...very weak move, good for equities comeback
Portfolio BIDU ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.47 following are green :
CMG V LULU AMZN FB CTSH EXPE YUM MA
MCD VRX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 22, 2016
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2049.80, low 2040.57, high 2056.60
RSI @ 68.78
CMF @ 0.400
Internals were :
Down volume led by 1.47 to 1 in NYSE & .82 to 1 in Nasdaq
Declining stocks led by 1.15 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 16 in Nasdaq
VIX UP 2.76% @ 14.17
Oil @ $41.45
Gold @ $1248.60
Stocks which were UP 1% or more included CMG QRVO
CNQ PANW SPLK AMZN SINA FFIV AMCC CIEN
AMBA SWIR VRX ZG WYNN MLNX....
AH ER...NKE Down 6.01%, FIVE 4.78%
RHT Down 3.78%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing mixed, Nasdaq closed UP. There is tremendous buying @ every dip which improves the tone of market by close. We should close positive due to non reaction to Belgium situation on Wednesday. TAPE is giving a clear message, it wants to go higher and there is very little profit taking. Stay the course, this market is as steady as it comes.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2049.80, low 2040.57, high 2056.60
RSI @ 68.78
CMF @ 0.400
Internals were :
Down volume led by 1.47 to 1 in NYSE & .82 to 1 in Nasdaq
Declining stocks led by 1.15 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 16 in Nasdaq
VIX UP 2.76% @ 14.17
Oil @ $41.45
Gold @ $1248.60
Stocks which were UP 1% or more included CMG QRVO
CNQ PANW SPLK AMZN SINA FFIV AMCC CIEN
AMBA SWIR VRX ZG WYNN MLNX....
AH ER...NKE Down 6.01%, FIVE 4.78%
RHT Down 3.78%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing mixed, Nasdaq closed UP. There is tremendous buying @ every dip which improves the tone of market by close. We should close positive due to non reaction to Belgium situation on Wednesday. TAPE is giving a clear message, it wants to go higher and there is very little profit taking. Stay the course, this market is as steady as it comes.
BLOG does NOT give buy or sell.
Saleem
Indices UP .07% to .43%....NICE !!!!
Indices are higher despite Belgium blasts. Indices are near high of the day.
S&P 500 @ 2054.97, high 2056.54, low 2040.57
Internals are mostly positive
Oil Down 20 cents
Gold UP $3.40
Canadian $ UP 51 tick @ .6951
VIX UP .65% @ 13.88
Portfolio BIDU ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
Most stocks are UP
@ 2.05 following are red :
ABX JKS JCP V CTRP SPWR PCLN GG FEYE COH
CTSH NFLX EXPE YUM LNG CSIQ AAL UA
AEM CRUS GS AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2054.97, high 2056.54, low 2040.57
Internals are mostly positive
Oil Down 20 cents
Gold UP $3.40
Canadian $ UP 51 tick @ .6951
VIX UP .65% @ 13.88
Portfolio BIDU ABX CMG JKS MSFT NTES JCP QRVO SBUX TWTR V
Most stocks are UP
@ 2.05 following are red :
ABX JKS JCP V CTRP SPWR PCLN GG FEYE COH
CTSH NFLX EXPE YUM LNG CSIQ AAL UA
AEM CRUS GS AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Monday, March 21, 2016
Indices closed UP .10% to .28%......NICE !!!!
Indices closed UP
S&P 500 @ 2051.60, high 2053.91, low 2043.14
RSI @ 69.51
CMF @ 0.350
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.02 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 25 in Nasdaq
VIX Down 1.64% @ 13.79
Oil @ $39.91
Gold @ $1244.20
Stocks which were UP 1% or more included CMG
CTRP FEYE LNKD TSLA EBAY YUM MU
BABA UA VRX ZG TRIP MLNX.....
AH ER...YY UP 3.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its upward trajectory despite poor housing number.Indices closed near high of the day, internals are all positive. There seems to be no urgency to book profit by big HFT. As pointed out before market is on auto-pilot cruising northward. Patience, conviction and homework seems to be working very profitably.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2051.60, high 2053.91, low 2043.14
RSI @ 69.51
CMF @ 0.350
Internals were :
UP volume led by 1.12 to 1 in NYSE & 1.02 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & 25 in Nasdaq
VIX Down 1.64% @ 13.79
Oil @ $39.91
Gold @ $1244.20
Stocks which were UP 1% or more included CMG
CTRP FEYE LNKD TSLA EBAY YUM MU
BABA UA VRX ZG TRIP MLNX.....
AH ER...YY UP 3.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its upward trajectory despite poor housing number.Indices closed near high of the day, internals are all positive. There seems to be no urgency to book profit by big HFT. As pointed out before market is on auto-pilot cruising northward. Patience, conviction and homework seems to be working very profitably.
BLOG does NOT give buy or sell.
Saleem
Indices UP .18% to .36%...NICE !!!!
Indices are higher after brief pause and into higher highs.
S&P 500 @ 2053.63, high 2053.91, low 2043.14
Internals are positive
Oil UP 47 cents
Gold Down $11.40
Canadian $ Down 65 tick @ .6936
VIX Down .50% @ 13.95
Portfolio BIDU ABX CMG JKS MSFT NTERS JCP QRVO SBUX TWTR V
Most stocks are UP
@ 2.49 following are red :
BIDU ABX SBUX CNQ LULU NXPI FSLR CSIQ
AMBA M CRUS MS WYNN LVS GS YELP....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2053.63, high 2053.91, low 2043.14
Internals are positive
Oil UP 47 cents
Gold Down $11.40
Canadian $ Down 65 tick @ .6936
VIX Down .50% @ 13.95
Portfolio BIDU ABX CMG JKS MSFT NTERS JCP QRVO SBUX TWTR V
Most stocks are UP
@ 2.49 following are red :
BIDU ABX SBUX CNQ LULU NXPI FSLR CSIQ
AMBA M CRUS MS WYNN LVS GS YELP....
BLOG does NOT give buy or sell.
Saleem
Sunday, March 20, 2016
What happened in last 25 trading days ?
Last 25 trading days have been incredible, indices were almost on auto-pilot northbound.
S&P 500 went up 239.48 points or 13.23% in last 25 trading days...that is what happened on Wall & Broad St.....
There is an eerie silence from so-called know it all technicians.......
Some of them are skipping shows as they rehatch plan to save their face......
This is the market where you just follow the rhythm of TAPE.....
This TAPE gives you many entry into strong stocks many times in a week.
Forget laggards, they are not working out and money is tied up in no or low performer.....
What is working is working like a charm, be it Semi, Oil, Gold or many sectors which are on fire..even WY is galloping north.....
This is a market where what is working keeps working and rest are stuck in mud with no real movement....
Instead of wondering about next pullback or resistance, it is important to know the themes which are working big time and stick to it.....
Yes...you can trade it IF you are glued to your screen, if not, leave the strong ones to do their run to the roses.....
I have rarely seen a market which is this orderly in its upward trajectory , it has gone through 10 well advertised resistance....
Yes...there will be pullbacks for a day or two, but those are buying opportunity in this strong bull market.
Always keep some funds for strategic buying, which means IF price is right buy it, reasons not important.
Technically, we are so strong that new highs in S&P 500 is a given in short order, Dow is also ready for new highs, Nasdaq is a bit of a laggard due to FANG being ignored by this bull run so far.....
Try to understand this TAPE which requires a "bullish posture" not a nickel and dime approach.....
Trend is your friend.....
Good luck with your own strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
S&P 500 went up 239.48 points or 13.23% in last 25 trading days...that is what happened on Wall & Broad St.....
There is an eerie silence from so-called know it all technicians.......
Some of them are skipping shows as they rehatch plan to save their face......
This is the market where you just follow the rhythm of TAPE.....
This TAPE gives you many entry into strong stocks many times in a week.
Forget laggards, they are not working out and money is tied up in no or low performer.....
What is working is working like a charm, be it Semi, Oil, Gold or many sectors which are on fire..even WY is galloping north.....
This is a market where what is working keeps working and rest are stuck in mud with no real movement....
Instead of wondering about next pullback or resistance, it is important to know the themes which are working big time and stick to it.....
Yes...you can trade it IF you are glued to your screen, if not, leave the strong ones to do their run to the roses.....
I have rarely seen a market which is this orderly in its upward trajectory , it has gone through 10 well advertised resistance....
Yes...there will be pullbacks for a day or two, but those are buying opportunity in this strong bull market.
Always keep some funds for strategic buying, which means IF price is right buy it, reasons not important.
Technically, we are so strong that new highs in S&P 500 is a given in short order, Dow is also ready for new highs, Nasdaq is a bit of a laggard due to FANG being ignored by this bull run so far.....
Try to understand this TAPE which requires a "bullish posture" not a nickel and dime approach.....
Trend is your friend.....
Good luck with your own strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, March 18, 2016
Indices closed UP .43% to .69%....NICE !!!!
Oil was lower and indices were higher not a coincidence any more, market is trading on its own buying momentum. Indices closed near high of the day and is @ highest point of 2016, can real Carter Worth speak up?
S&P 500 @ 2049.58, high 2052.36, low 2041.16
RSI @ 69.17
CMF @ 0.368
Internals were :
UP volume led by 1.41 to 1 in NYSE & 2.28 to 1 in Nasdaq
Advancing stocks led by 1.57 to 1 in NYSE & 1.83 to 1 in Nasdaq
Net new 52 wk highs were leading by 152 in NYSE & 47 in Nasdaq
VIX Down 2.91% @ 14.02
Oil @ $39.44
Gold @ $1254.32
Canadian $ @ .7018 US$
Stocks which were UP 1% or more included BIDU QRVO FEYE
CTRP PANW NXPI SPLK LNKD NFLX TSLA YHOO WB
DNKN FFIV BABA CRUS MU AMCC CIEN AMBA
AAL M UA DATA CSOD ORCL MS ZG WYNN
GS MLNX......
In my portfolio :
Sold FEYE @ $18.34
Bought NTES @ $147.20
Bought ABX @ $14.69, seconds before closing....
Here is my weighting :
BIDU 15.93%
CMG 15.45%
NTES 12.53%
QRVO 10.31%
JKS 7.97%
ABX 7.50%
TWTR 7.13%
V 6.25%
SBUX 6.07%
JCP 5.89%
MSFT 4.97%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2049.58, high 2052.36, low 2041.16
RSI @ 69.17
CMF @ 0.368
Internals were :
UP volume led by 1.41 to 1 in NYSE & 2.28 to 1 in Nasdaq
Advancing stocks led by 1.57 to 1 in NYSE & 1.83 to 1 in Nasdaq
Net new 52 wk highs were leading by 152 in NYSE & 47 in Nasdaq
VIX Down 2.91% @ 14.02
Oil @ $39.44
Gold @ $1254.32
Canadian $ @ .7018 US$
Stocks which were UP 1% or more included BIDU QRVO FEYE
CTRP PANW NXPI SPLK LNKD NFLX TSLA YHOO WB
DNKN FFIV BABA CRUS MU AMCC CIEN AMBA
AAL M UA DATA CSOD ORCL MS ZG WYNN
GS MLNX......
In my portfolio :
Sold FEYE @ $18.34
Bought NTES @ $147.20
Bought ABX @ $14.69, seconds before closing....
Here is my weighting :
BIDU 15.93%
CMG 15.45%
NTES 12.53%
QRVO 10.31%
JKS 7.97%
ABX 7.50%
TWTR 7.13%
V 6.25%
SBUX 6.07%
JCP 5.89%
MSFT 4.97%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 17, 2016
Indices closed UP .23% to .90%....NICE !!!!!
Indices closed UP.
S&P 500 @ 2040.59, high 2046.24, low 2022.16
RSI @ 67.69
CMF @ 0.384
Internals were :
UP volume led by 3.95 to 1 in NYSE & 1.74 to 1 in Nasdaq
Advancing stocks led by 4.16 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 180 in NYSE & 5 in Nasdaq
VIX Down 3.67% @ 14.44
Oil @ $40.20
Gold @ $1265.00
Stocks which were UP 1% or more included FEYE JCP V
CNQ NXPI LVS WYNN COH LEN TSLA CSIQ FSLR SPWR
SINA SU FFIV MA WB BABA YELP MU AMCC CIEN AMBA
M LRCX UA SWIR CSOD MGA MS GS AGU.....
AH ER ....ADBE UP 5.99%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices closed @ the highest level of 2016 and much higher than feared 2020 area in S&P 500.Internals are all positive and were strong. So many pundits were so wrong about the direction of this market, that they owe a collective apology for their disinformation. Many sectors are taking their turns on a daily basis, it is becoming a very good traders market. Buy what you know in terms of FA & TA, that helps in rotating out with profit. Keep an eye on overbought stocks, they need rest. Friday's BLOG is around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2040.59, high 2046.24, low 2022.16
RSI @ 67.69
CMF @ 0.384
Internals were :
UP volume led by 3.95 to 1 in NYSE & 1.74 to 1 in Nasdaq
Advancing stocks led by 4.16 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 180 in NYSE & 5 in Nasdaq
VIX Down 3.67% @ 14.44
Oil @ $40.20
Gold @ $1265.00
Stocks which were UP 1% or more included FEYE JCP V
CNQ NXPI LVS WYNN COH LEN TSLA CSIQ FSLR SPWR
SINA SU FFIV MA WB BABA YELP MU AMCC CIEN AMBA
M LRCX UA SWIR CSOD MGA MS GS AGU.....
AH ER ....ADBE UP 5.99%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices closed @ the highest level of 2016 and much higher than feared 2020 area in S&P 500.Internals are all positive and were strong. So many pundits were so wrong about the direction of this market, that they owe a collective apology for their disinformation. Many sectors are taking their turns on a daily basis, it is becoming a very good traders market. Buy what you know in terms of FA & TA, that helps in rotating out with profit. Keep an eye on overbought stocks, they need rest. Friday's BLOG is around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .26% to 1.07%.....NICE !!!!
Indices are @ high of the day on higher oil & gold prices.
S&P 500 @ 2043.29, high 2046.24, low 2022.16
Internals are positive by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.80
Gold UP $33.80
Canadian $ UP 94 tick @ .6999, highest level since last October against US$, major recovery in currency.
VIX Down 6.74% @ 13.98
In my portfolio :
Sold ABX @ $15.27
Sold CNQ @ $28.40
Bought BIDU @ $182.86
Bought CMG @ $481.00
Portfolio BIDU CMG FEYE JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are higher
@ 2.44 following are red :
CMG JKS CTRP SPLK AAPL AMZN FB ABX CTSH EXPE
PCLN AAL GG ABX DATA VRX ZG TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2043.29, high 2046.24, low 2022.16
Internals are positive by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.80
Gold UP $33.80
Canadian $ UP 94 tick @ .6999, highest level since last October against US$, major recovery in currency.
VIX Down 6.74% @ 13.98
In my portfolio :
Sold ABX @ $15.27
Sold CNQ @ $28.40
Bought BIDU @ $182.86
Bought CMG @ $481.00
Portfolio BIDU CMG FEYE JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are higher
@ 2.44 following are red :
CMG JKS CTRP SPLK AAPL AMZN FB ABX CTSH EXPE
PCLN AAL GG ABX DATA VRX ZG TRIP......
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 16, 2016
Indices closed UP .43% to .75%....NICE !!!!
Indices closed UP.
S&P 500 @ 2027.22, high 2032.02, low 2010.04
RSI @ 65.40
CMF @ 0.321
Internals were :
UP volume led by 2.74 to 1 in NYSE & 2.17 to 1 in Nasdaq
Advancing stocks led by 4.17 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 97 in NYSE & lows by 21 in Nasdaq
VIX Down 10.99% @ 14.99
Oil @ $38.46
Gold @ $1229.80
Stocks which were UP 2% or more included
ABX CNQ FEYE JKS TWTR
CTRP NTES SPLK SPWR LVS
WYNN LEN YHOO SU LNG YELP
AMCC CIEN SLW GG AEM DATA SWIR
MGA ORCL ZG .......
AH ER...CTRP Down 4.13%, GES Down 10.60%
FDX UP 5.14%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Fed gave a huge boost to indices by clarifying that they are not ready to raise rate and they are looking @ possibly 2 increases in 2016 vs previous 4. US$ weakened and oil, gold took off. Fed uncertainty is off the table which will prompt funds on the sidelines to jump in equities.Market was extremely stable going into fed statement which surprised me and encouraged me to do more opportunistic buying. Always listen to market TAPE not pundits.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2027.22, high 2032.02, low 2010.04
RSI @ 65.40
CMF @ 0.321
Internals were :
UP volume led by 2.74 to 1 in NYSE & 2.17 to 1 in Nasdaq
Advancing stocks led by 4.17 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 97 in NYSE & lows by 21 in Nasdaq
VIX Down 10.99% @ 14.99
Oil @ $38.46
Gold @ $1229.80
Stocks which were UP 2% or more included
ABX CNQ FEYE JKS TWTR
CTRP NTES SPLK SPWR LVS
WYNN LEN YHOO SU LNG YELP
AMCC CIEN SLW GG AEM DATA SWIR
MGA ORCL ZG .......
AH ER...CTRP Down 4.13%, GES Down 10.60%
FDX UP 5.14%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Fed gave a huge boost to indices by clarifying that they are not ready to raise rate and they are looking @ possibly 2 increases in 2016 vs previous 4. US$ weakened and oil, gold took off. Fed uncertainty is off the table which will prompt funds on the sidelines to jump in equities.Market was extremely stable going into fed statement which surprised me and encouraged me to do more opportunistic buying. Always listen to market TAPE not pundits.
BLOG does NOT give buy or sell.
Saleem
Indices UP .37% to .48%.....NICE !!!!!
Indices are @ high of the day after Fed left rates unchanged and signalled 2 rate hikes in 2016 instead of 4.
S&P 500 @ 2022.14, high 2024.91, low 2010.04
Internals are positive
Oil UP $1.43
Gold Down 10 cent
Canadian $ UP 1.58 cent @ 68.05
VIX down 3.74% @ 16.21
In my portfolio :
Tripled my position in JCP @ $11.05
Portfolio ABX CNQ FEYE JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are UP
@ 2.17 following are red :
QRVO CMG LULU AMZN LNKD EXPE AMBA UA
MS GS......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2022.14, high 2024.91, low 2010.04
Internals are positive
Oil UP $1.43
Gold Down 10 cent
Canadian $ UP 1.58 cent @ 68.05
VIX down 3.74% @ 16.21
In my portfolio :
Tripled my position in JCP @ $11.05
Portfolio ABX CNQ FEYE JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are UP
@ 2.17 following are red :
QRVO CMG LULU AMZN LNKD EXPE AMBA UA
MS GS......
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 15, 2016
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2015.93, low 2005.23, high 2015.94
RSI @ 63.36
CMF @ 0.336
Internals were :
Down volume led by 2.85 to 1 in NYSE & 2.58 to 1 in Nasdaq
Declining stocks led by 2.87 to 1 in NYSE & 2.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & lows by 14 in Nasdaq
VIX Down .47% @ 16.84
Oil @ $36.34
Gold @ $1231.00
AH action....ORCL UP 4.19%, CMG Down 5.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE defied linkage with oil for two days and closed @ high of the day. Closing was extremely impressive technically speaking. Internals of the market was the flip side, extremely weak, that begs the question, why internals were so weak when we closed @ high of the day.When i see contradictory move, i do not know what to make of it. So, oil and gold both corrected for 2 days which should give these sector a nice base to move from. Fed statement will create usual gyration until 3 PM, then real market may emerge, sometimes it takes Thursday morning quarter backing to get the direction right.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2015.93, low 2005.23, high 2015.94
RSI @ 63.36
CMF @ 0.336
Internals were :
Down volume led by 2.85 to 1 in NYSE & 2.58 to 1 in Nasdaq
Declining stocks led by 2.87 to 1 in NYSE & 2.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & lows by 14 in Nasdaq
VIX Down .47% @ 16.84
Oil @ $36.34
Gold @ $1231.00
AH action....ORCL UP 4.19%, CMG Down 5.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE defied linkage with oil for two days and closed @ high of the day. Closing was extremely impressive technically speaking. Internals of the market was the flip side, extremely weak, that begs the question, why internals were so weak when we closed @ high of the day.When i see contradictory move, i do not know what to make of it. So, oil and gold both corrected for 2 days which should give these sector a nice base to move from. Fed statement will create usual gyration until 3 PM, then real market may emerge, sometimes it takes Thursday morning quarter backing to get the direction right.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are coming back despite oil being weak, a confirmation of decoupling, this is a very important change in the tone of this TAPE.
S&P 500 @ 2013.86, low 2005.23, high 2015.27
Internals are negative by 2 to 1
Oil Down 83 cents
Gold Down $14.70
Canadian $ Down 1.03 cent @ .6639
VIX UP 1% @ 17.09
In my portfolio :
Bought CNQ @ $26.12
Bought FEYE @ $17.23
Portfolio ABX CNQ FEYE JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.44 following are green :
ABX MSFT QRVO SBUX V GOOG PCLN AAPL FB AMZN
TSLA SU YUM MA CRUS LRCX MCD AEM......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2013.86, low 2005.23, high 2015.27
Internals are negative by 2 to 1
Oil Down 83 cents
Gold Down $14.70
Canadian $ Down 1.03 cent @ .6639
VIX UP 1% @ 17.09
In my portfolio :
Bought CNQ @ $26.12
Bought FEYE @ $17.23
Portfolio ABX CNQ FEYE JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.44 following are green :
ABX MSFT QRVO SBUX V GOOG PCLN AAPL FB AMZN
TSLA SU YUM MA CRUS LRCX MCD AEM......
BLOG does NOT give buy or sell.
Saleem
Monday, March 14, 2016
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2019.64, low 2012.05, high 2024.57
RSI @ 64.52
CMF @ 0.347
Internals were :
Down volume led by 1.75 to 1 in NYSE & .90 to 1 in Nasdaq
Declining stocks led by 1.28 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & 14 in Nasdaq
VIX UP 2.55% @ 16.92
Oil @ $37.18
Gold @ $1245.10
AH Futures Down
AH Asian markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE decoupled with oil today which was a very good indicator of its own strength & money flow. Next 48 hours of trading will be based on how market handicaps fed statement, as we are near high of 2016, there may be a pullback either in anticipation or actual statement. No i do not expect fed to raise rate in March, but they may indicate potential hike for June. US economy has been improving and jobs picture is robust, a key area of fed focus. It is better to be defensive until Wednesday's reaction.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2019.64, low 2012.05, high 2024.57
RSI @ 64.52
CMF @ 0.347
Internals were :
Down volume led by 1.75 to 1 in NYSE & .90 to 1 in Nasdaq
Declining stocks led by 1.28 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & 14 in Nasdaq
VIX UP 2.55% @ 16.92
Oil @ $37.18
Gold @ $1245.10
AH Futures Down
AH Asian markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE decoupled with oil today which was a very good indicator of its own strength & money flow. Next 48 hours of trading will be based on how market handicaps fed statement, as we are near high of 2016, there may be a pullback either in anticipation or actual statement. No i do not expect fed to raise rate in March, but they may indicate potential hike for June. US economy has been improving and jobs picture is robust, a key area of fed focus. It is better to be defensive until Wednesday's reaction.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed despite oil being sharply lower, a sign of decoupling and showing relative strength.
S&P 500 @ 2020.95, low 2012.05, high 2021.50
Internals are mostly negative
Oil Down $1.28
Gold Down $22.20
Canadian $ Down 58 tick @ .6734
VIX UP 2.79% @ 16.96
In my portfolio :
Sold BIDU @ $187.50
Sold NTES @ $148.00
Portfolio ABX JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.39 following are green :
JCP SBUX TWTR NTES SPWR AMZN LVS CTSH
LNKD TSLA EXPE CMG LNG YELP FSLR
AMBA MCD CTRP TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2020.95, low 2012.05, high 2021.50
Internals are mostly negative
Oil Down $1.28
Gold Down $22.20
Canadian $ Down 58 tick @ .6734
VIX UP 2.79% @ 16.96
In my portfolio :
Sold BIDU @ $187.50
Sold NTES @ $148.00
Portfolio ABX JKS MSFT JCP QRVO SBUX TWTR V
Most stocks are down
@ 2.39 following are green :
JCP SBUX TWTR NTES SPWR AMZN LVS CTSH
LNKD TSLA EXPE CMG LNG YELP FSLR
AMBA MCD CTRP TRIP......
BLOG does NOT give buy or sell.
Saleem
Sunday, March 13, 2016
Many hate this rally ?
20 trading days ago many CNBC pundits predicted 1575 is looking solid in S&P 500, that is where they predicted that this correction out to go & then some weak recovery. Yes they are still around getting paid to make more negative predictions and who knows there are few followers hanging around for their word of wisdom.
Most CNBC commentators are and were extremely bearish and do not look happy @ all that this TAPE keeps going UP despite their collective experience of 200 years?
Since that famous prediction of 1575 about 7 months ago, this has been a super bad call based on history of bad predictions.
In last 20 trading days we have gone UP 212.09 points or 11.72% in almost a straight line in S&P 500.
Dow & S&P 500 are above 50 & 200 DMA...many technicians pay serious attention to averages crossing this technical indicator, but our pundits on CNBC remains dazed and cannot think straight anymore.
Now we are @ much talked about danger zone of 2022, before it was series of lower numbers in a row.
Guess what.....we may not stop @ 2020 either, it is on its way to 2080 area.
Fed is on tap for Wednesday statement, it may talk about strength in US indicator but it may also say that they need to monitor more data for hike in interest rate.
Yes..we may pause to show respect for Wednesday's contradictory statement from Fed, but we should resume going up until RSI @ around 70 area.
CMF is hitting 0.387 which is near highest point in last 6 months, this means we have major inflow coming in.
ECB has set the tone for growth in EU, which is also good for equities.
Oil has reached a level where balance has reached in between too low and reasonable price for oil. We may settle around $40 area for a while.
Gold, is still in uptrend based on negative interest or no interest environment. Gold had seen a 5 year bear market and is in the process of reversing that trend.
Chinese stocks are coming to life and has more room to grow.
All in all, we are witnessing a major shift in many sectors, which has the hallmark of a major bull market.
Nothing wrong in booking profit when we hit 70+ RSI and deploy funds in 40+ RSI stocks, this can be repeated over and over in this TAPE.
SO..those who hate this rally so far, will hate it more, as we go forward towards new series of all time highs.
Good luck with your own homework and take on this market.
BLOG does NOT give buy or sell.
Saleem
Most CNBC commentators are and were extremely bearish and do not look happy @ all that this TAPE keeps going UP despite their collective experience of 200 years?
Since that famous prediction of 1575 about 7 months ago, this has been a super bad call based on history of bad predictions.
In last 20 trading days we have gone UP 212.09 points or 11.72% in almost a straight line in S&P 500.
Dow & S&P 500 are above 50 & 200 DMA...many technicians pay serious attention to averages crossing this technical indicator, but our pundits on CNBC remains dazed and cannot think straight anymore.
Now we are @ much talked about danger zone of 2022, before it was series of lower numbers in a row.
Guess what.....we may not stop @ 2020 either, it is on its way to 2080 area.
Fed is on tap for Wednesday statement, it may talk about strength in US indicator but it may also say that they need to monitor more data for hike in interest rate.
Yes..we may pause to show respect for Wednesday's contradictory statement from Fed, but we should resume going up until RSI @ around 70 area.
CMF is hitting 0.387 which is near highest point in last 6 months, this means we have major inflow coming in.
ECB has set the tone for growth in EU, which is also good for equities.
Oil has reached a level where balance has reached in between too low and reasonable price for oil. We may settle around $40 area for a while.
Gold, is still in uptrend based on negative interest or no interest environment. Gold had seen a 5 year bear market and is in the process of reversing that trend.
Chinese stocks are coming to life and has more room to grow.
All in all, we are witnessing a major shift in many sectors, which has the hallmark of a major bull market.
Nothing wrong in booking profit when we hit 70+ RSI and deploy funds in 40+ RSI stocks, this can be repeated over and over in this TAPE.
SO..those who hate this rally so far, will hate it more, as we go forward towards new series of all time highs.
Good luck with your own homework and take on this market.
BLOG does NOT give buy or sell.
Saleem
Friday, March 11, 2016
Indices closed UP 1.28% to 1.85%.....NICE !!!!!
Oil lit the fire on indices again. All indices closed @ high of the day.Internals were strong & all positive.
S&P 500 @ 2022.19, high 2022.37, low 1994.71
RSI @ 65.28
CMF @ 0.360
Internals were :
UP volume led by 5.97 to 1 in NYSE & 5.40 to 1 in Nasdaq
Advancing stocks led by 5.07 to 1 in NYSE & 3.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 147 in NYSE & 10 in Nasdaq
VIX Down 8.59% @ 16.50
Oil @ $38.50
Gold @ $1259.40
Stocks which were UP 2% or more included
BIDU JKS NTES QRVO
PANW SPLK SPWR PCLN CNQ
CTSH LEN CSIQ YHOO SINA EXPE
FFIV LNG VDSI BABA YELP CRUS MU
AMCC CIEN FEYE AMBA AAL CCJ DATA
SWIR CSOD MGA ORCL MS VRX CTRP ZG
WYNN TRIP MLNX....
In my portfolio :
Sold CNQ @ $27.44
Bought JCP @ $11.28
Bought TWTR twice, $16.59, $16.78
Here is my weighting :
BIDU 20.91%
NTES 16.47%
ABX 13.28%
QRVO 11.12%
JKS 9.11%
TWTR 8.01%
V 6.82%
SBUX 6.58%
MSFT 5.56%
JCP 2.14%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2022.19, high 2022.37, low 1994.71
RSI @ 65.28
CMF @ 0.360
Internals were :
UP volume led by 5.97 to 1 in NYSE & 5.40 to 1 in Nasdaq
Advancing stocks led by 5.07 to 1 in NYSE & 3.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 147 in NYSE & 10 in Nasdaq
VIX Down 8.59% @ 16.50
Oil @ $38.50
Gold @ $1259.40
Stocks which were UP 2% or more included
BIDU JKS NTES QRVO
PANW SPLK SPWR PCLN CNQ
CTSH LEN CSIQ YHOO SINA EXPE
FFIV LNG VDSI BABA YELP CRUS MU
AMCC CIEN FEYE AMBA AAL CCJ DATA
SWIR CSOD MGA ORCL MS VRX CTRP ZG
WYNN TRIP MLNX....
In my portfolio :
Sold CNQ @ $27.44
Bought JCP @ $11.28
Bought TWTR twice, $16.59, $16.78
Here is my weighting :
BIDU 20.91%
NTES 16.47%
ABX 13.28%
QRVO 11.12%
JKS 9.11%
TWTR 8.01%
V 6.82%
SBUX 6.58%
MSFT 5.56%
JCP 2.14%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 10, 2016
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 1989.57, high 2005.08, low 1969.25
RSI @ 59.61
CMF @ 0.337
Internals were :
Down volume led by .98 to 1 in NYSE & 1.60 to 1 in Nasdaq
Declining stocks led by 1.33 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & lows by 17
VIX Down 1.58% @ 18.05
Oil @ $37.84
Gold @ $1272.80
AH ER...FNSR UP 7.76%, ULTA UP 12.52%
ZUMZ Down 7.91%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was UP then Down and then closed mixed on ECB decision. Market is dictated solely by oil prices which seems to be headed much higher, good for the direction of this market. It is important to be exposed to emerging sectors like oil & gold which has shown an unbelievable resiliency lately. I feel, market is headed higher as any pullback is met by strategic buyers. Stay bullish until trend changes which could be a while. On Friday's a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1989.57, high 2005.08, low 1969.25
RSI @ 59.61
CMF @ 0.337
Internals were :
Down volume led by .98 to 1 in NYSE & 1.60 to 1 in Nasdaq
Declining stocks led by 1.33 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 132 in NYSE & lows by 17
VIX Down 1.58% @ 18.05
Oil @ $37.84
Gold @ $1272.80
AH ER...FNSR UP 7.76%, ULTA UP 12.52%
ZUMZ Down 7.91%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was UP then Down and then closed mixed on ECB decision. Market is dictated solely by oil prices which seems to be headed much higher, good for the direction of this market. It is important to be exposed to emerging sectors like oil & gold which has shown an unbelievable resiliency lately. I feel, market is headed higher as any pullback is met by strategic buyers. Stay bullish until trend changes which could be a while. On Friday's a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
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