Indices closed down on downbeat economic news. Oil & gold hit new highs for the year.
S&P 500 @ 2065.30, low 2052.28, high 2073.85
RSI @ 49.97
CMF @ 0.092
Internals were :
Down volume led by 1.50 to 1 in NYSE & 2.41 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 17 in Nasdaq
VIX UP 3.15% @ 15.70
Oil @ $45.92
Gold @ $1299.00
Canadian $ @ .7451
Stocks which closed green included BIDU FB NTES
ABX LNG GOOG PCLN AMZN GG LNKD
EXPE FFIV WB BABA CIEN SLW AEM
DATA CSOD TRIP......
In my portfolio :
Sold QRVO @ $44.60
Bought CNQ @ $29.91
Here is my weighting :
NTES 17.51%
BIDU 17.28%
CMG 14.97%
CNQ 9.08%
TWTR 8.44%
JCP 8.25%
JKS 8.12%
FEYE 6.17%
SBUX 6.00%
FB 4.18%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, April 29, 2016
Thursday, April 28, 2016
Indices closed down .92% to 1.19%.....
Indices closed down.
S&P 500 @ 2075.81, low 2071.62, high 2099.30
RSI @ 54.28
CMF @ 0.123
Internals were :
Down volume led by 2.07 to 1 in NYSE & 2.07 to 1 in Nasdaq
Declining stocks led by 1.87 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk highs were leading by 117 in NYSE & 57 in Nasdaq
VIX UP 10.53% @ 15.22
Oil @ $46.03
Gold @ $1266.40
In my portfolio :
Sold MSFT @ $49.78
Bought FB @ $117.12
Stocks which closed green included CMG FB NTES JCP
ABX GG SLW AEM LVS WYNN LNKD SINA WB
MU SU SWIR CSOD VRX AGU.....
AH ER...BIDU UP 4.29%, LNKD UP 7.97%
EXPE UP 10.85%, AMZN UP 12.62%
BIDU Q1 EPS was a beat by 3 cents and is guiding higher Sales for Q2
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was in green around 2 PM when Mr Icahn informed the world that he has zero AAPL shares, also predicted day of reckoning for market, that is all what was needed by many traders and they started selling in heavy volume. After hour earning reports were stellar from AMZN, LNKD , EXPE & BIDU which should tell Icahn followers, selling was not a great idea. This was the pullback which we got in a hurry in 2 hours.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2075.81, low 2071.62, high 2099.30
RSI @ 54.28
CMF @ 0.123
Internals were :
Down volume led by 2.07 to 1 in NYSE & 2.07 to 1 in Nasdaq
Declining stocks led by 1.87 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk highs were leading by 117 in NYSE & 57 in Nasdaq
VIX UP 10.53% @ 15.22
Oil @ $46.03
Gold @ $1266.40
In my portfolio :
Sold MSFT @ $49.78
Bought FB @ $117.12
Stocks which closed green included CMG FB NTES JCP
ABX GG SLW AEM LVS WYNN LNKD SINA WB
MU SU SWIR CSOD VRX AGU.....
AH ER...BIDU UP 4.29%, LNKD UP 7.97%
EXPE UP 10.85%, AMZN UP 12.62%
BIDU Q1 EPS was a beat by 3 cents and is guiding higher Sales for Q2
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was in green around 2 PM when Mr Icahn informed the world that he has zero AAPL shares, also predicted day of reckoning for market, that is all what was needed by many traders and they started selling in heavy volume. After hour earning reports were stellar from AMZN, LNKD , EXPE & BIDU which should tell Icahn followers, selling was not a great idea. This was the pullback which we got in a hurry in 2 hours.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed on Bank of Japan decision for no more stimulus, they want to see the effect of negative interest rates which exists in Japan, they are showing willingness to do any and everything which is needed, not now maybe in future, that triggered a worldwide selling which has abated in North America after open. Oil & Gold are flying into record territory on US$ weakness.
S&P 500 @ 2095.37, high 2099.30, low 2086.09
Internals are positive
Oil UP 70 cents
Gold UP $16.00
Canadian $ UP 76 tick @ .7479 highest level since 3rd week of January 2015.
VIX Down .94% @13.64
In my portfolio :
Added 30% TWTR @ $14.72
Portfolio BIDU CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR.....
Most stocks are higher
@ 2.02 following are red :
JKS MSFT SBUX LNG PANW NXPI GOOG SPWR PCLN
AAPL V COH LEN FFIV SSYS BABA FSLR CIEN
AAL LRCX CRUS MGA ZG MLNX.....
BIDU is reporting tonight, following are expected in Yuan :
Q1 Sales 15.83 billion , EPS 5.96
Q2 guidance 20.10 billion, EPS 10.17
Expecting a huge beat in Q1......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2095.37, high 2099.30, low 2086.09
Internals are positive
Oil UP 70 cents
Gold UP $16.00
Canadian $ UP 76 tick @ .7479 highest level since 3rd week of January 2015.
VIX Down .94% @13.64
In my portfolio :
Added 30% TWTR @ $14.72
Portfolio BIDU CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR.....
Most stocks are higher
@ 2.02 following are red :
JKS MSFT SBUX LNG PANW NXPI GOOG SPWR PCLN
AAPL V COH LEN FFIV SSYS BABA FSLR CIEN
AAL LRCX CRUS MGA ZG MLNX.....
BIDU is reporting tonight, following are expected in Yuan :
Q1 Sales 15.83 billion , EPS 5.96
Q2 guidance 20.10 billion, EPS 10.17
Expecting a huge beat in Q1......
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 27, 2016
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2095.15, high 2099.89, low 2082.31
RSI @ 63.68
CMF @ 0.137
Internals were :
UP volume led by 3.24 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 63 in Nasdaq
VIX Down 1.36% @ 13.77
Oil @ $45.33
Gold @ $1250.40
AH ER...FB UP 9.1%, FSLR Down 2.95%
OTEX Down 8.59%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices closed near high of the day. Fed statement was bullish for the market, stocks moved towards high of the day after their statement. Internals were strong. FB earnings report was stellar and breaks away from dismal tech reporting, should be good for tech stocks on Thursday's trading. Do not forget to book profit as you go along.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2095.15, high 2099.89, low 2082.31
RSI @ 63.68
CMF @ 0.137
Internals were :
UP volume led by 3.24 to 1 in NYSE & 1.36 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 63 in Nasdaq
VIX Down 1.36% @ 13.77
Oil @ $45.33
Gold @ $1250.40
AH ER...FB UP 9.1%, FSLR Down 2.95%
OTEX Down 8.59%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices closed near high of the day. Fed statement was bullish for the market, stocks moved towards high of the day after their statement. Internals were strong. FB earnings report was stellar and breaks away from dismal tech reporting, should be good for tech stocks on Thursday's trading. Do not forget to book profit as you go along.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Fed saying no change in interest rates.Indices reacting positively to Fed statement.
S&P 500 @ 2091.84, high 2093.97, low 2082.31
Internals are positive in NYSE & negative in Nasdaq
Oil UP 78 cents
Gold UP $4.20
Canadian $ Down 28 tick @ .7370
VIX UP 4.51% @ 14.59
In my portfolio :
Sold ABX @ $16.59
Doubled my position in BIDU @ $185.01
Portfolio BIDU CMG FEYE JKS MSFT NTES JCP
QRVO SBUX TWTR
Most stocks are down
@ 2.19 following are green :
FEYE JKS JCP CNQ LNG PANW NXPI SPLK
SPWR PCLN GG V COH LEN CSIQ EBAY
FFIV MA SSYS RIG FSLR CRUS CIEN
M LRCX MCD SLW AEM DATA
SWIR MS ORCL WYNN GS
TRIP.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.84, high 2093.97, low 2082.31
Internals are positive in NYSE & negative in Nasdaq
Oil UP 78 cents
Gold UP $4.20
Canadian $ Down 28 tick @ .7370
VIX UP 4.51% @ 14.59
In my portfolio :
Sold ABX @ $16.59
Doubled my position in BIDU @ $185.01
Portfolio BIDU CMG FEYE JKS MSFT NTES JCP
QRVO SBUX TWTR
Most stocks are down
@ 2.19 following are green :
FEYE JKS JCP CNQ LNG PANW NXPI SPLK
SPWR PCLN GG V COH LEN CSIQ EBAY
FFIV MA SSYS RIG FSLR CRUS CIEN
M LRCX MCD SLW AEM DATA
SWIR MS ORCL WYNN GS
TRIP.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 26, 2016
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2091.70, high 2096.87, low 2085.80
RSI @ 62.60
CMF @ 0.104
Internals were :
UP volume led by 3.55 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 3.43 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & 30 in Nasdaq
VIX Down .85% @ 13.96
Oil @ $44.04
Gold @ $1243.40
Stocks which closed UP 2% or more ABX JKS QRVO TWTR
NXPI SPWR GG COH CSIQ SINA MU AMCC CIEN
SLW VRX.....
AH ER...FTNT UP 9.89%, CMG Down 4.31%
TWTR Down 13.46%, AAPL Down 7.91%
Earning reports from TWTR and CMG was mixed, EPS better than expected in both but Sales or Sales guidance was lower than expected. Both TWTR and CMG are displaying some improving metrics, i intend to hold both as reaction in TWTR is way overdone IMHO.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed despite earnings & fed jitters, Nasdaq closed down 4 day in a row.Internals were strong. Earnings tonight are mostly negative and Nasdaq is set to open low. Techs are not the place to be and may take until Q4 to show some strength. Again, look @ your own comfort level in any stocks especially when they are not meeting your expectations. So far, my diversified portfolio has compensated for the weak back to back earnings report in technology.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.70, high 2096.87, low 2085.80
RSI @ 62.60
CMF @ 0.104
Internals were :
UP volume led by 3.55 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 3.43 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & 30 in Nasdaq
VIX Down .85% @ 13.96
Oil @ $44.04
Gold @ $1243.40
Stocks which closed UP 2% or more ABX JKS QRVO TWTR
NXPI SPWR GG COH CSIQ SINA MU AMCC CIEN
SLW VRX.....
AH ER...FTNT UP 9.89%, CMG Down 4.31%
TWTR Down 13.46%, AAPL Down 7.91%
Earning reports from TWTR and CMG was mixed, EPS better than expected in both but Sales or Sales guidance was lower than expected. Both TWTR and CMG are displaying some improving metrics, i intend to hold both as reaction in TWTR is way overdone IMHO.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed despite earnings & fed jitters, Nasdaq closed down 4 day in a row.Internals were strong. Earnings tonight are mostly negative and Nasdaq is set to open low. Techs are not the place to be and may take until Q4 to show some strength. Again, look @ your own comfort level in any stocks especially when they are not meeting your expectations. So far, my diversified portfolio has compensated for the weak back to back earnings report in technology.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed as earnings are pouring in, AAPL is the key tonight as it affects all suppliers. Indices are struggling to stay in positive.
S&P 500 @ 2087.88, high 2096.87, low 2085.80
Internals are positive
Oil up $1.34
Gold up $3.30
Canadian $ up 62 TICK @ .7385
VIX UP .07% @ 14.09
Portfolio BIDU ABX CMG FEYE JKS MSFT NTES JCP
QRVO SBUX TWTR....
Most stocks are UP
@ 1.56 following are red :
BIDU MSFT CTRP GOOG PCLN AAPL AMZN FB NFLX
AAL DATA ORCL WYNN AGU TRIP MLNX.....
ABX earnings was a beat on EPS and a miss on Sales, guiding better for 2016 with less capex and lower all in cost for gold, overall a good report.
Tonight TWTR & CMG is reporting, here are the expectations :
TWTR Q1 Sales $607.84 million, EPS 10 cents
Q2 guidance Sales $677.57 million, EPS 12 cents
Expecting a beat and guide UP
CMG Q1 Sales $880.21 million, EPS loss 95 cents
Q2 guidance Sales $1.11 billion, EPS $1.59
Expecting a positive reaction as bad news may be all factored in.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2087.88, high 2096.87, low 2085.80
Internals are positive
Oil up $1.34
Gold up $3.30
Canadian $ up 62 TICK @ .7385
VIX UP .07% @ 14.09
Portfolio BIDU ABX CMG FEYE JKS MSFT NTES JCP
QRVO SBUX TWTR....
Most stocks are UP
@ 1.56 following are red :
BIDU MSFT CTRP GOOG PCLN AAPL AMZN FB NFLX
AAL DATA ORCL WYNN AGU TRIP MLNX.....
ABX earnings was a beat on EPS and a miss on Sales, guiding better for 2016 with less capex and lower all in cost for gold, overall a good report.
Tonight TWTR & CMG is reporting, here are the expectations :
TWTR Q1 Sales $607.84 million, EPS 10 cents
Q2 guidance Sales $677.57 million, EPS 12 cents
Expecting a beat and guide UP
CMG Q1 Sales $880.21 million, EPS loss 95 cents
Q2 guidance Sales $1.11 billion, EPS $1.59
Expecting a positive reaction as bad news may be all factored in.
BLOG does NOT give buy or sell.
Saleem
Monday, April 25, 2016
Indices closed down .15% to .21%.....
Indices closed down.
S&P 500 @ 2087.79, low 2077.52, high 2089.37
RSI @ 61.41
CMF @ 0.146
Internals were :
Down volume led by 3.07 to 1 in NYSE & 1.78 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 32 in NYSE & 20 in Nasdaq
VIX UP 6.51% @ 14.08
Oil @ $42.64
Gold @ $1240.20
AH News....CNI Down 5.29%, CTRP Down 11.48%
SANM UP 8.33%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is in digestive mode of tremendous gains, Nasdaq has been down 3 day's in a row. Internals of market was mixed which is a good thing. Tuesday after hours AAPL is reporting, again reaction will be based on results and guidance, Many famous stocks are facing selling prior to earnings, how far they fall may create a cushion IF they disappoint. Selling was orderly today and Tuesday may not be any different due to earnings after hours or Fed meeting handicapping.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2087.79, low 2077.52, high 2089.37
RSI @ 61.41
CMF @ 0.146
Internals were :
Down volume led by 3.07 to 1 in NYSE & 1.78 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 32 in NYSE & 20 in Nasdaq
VIX UP 6.51% @ 14.08
Oil @ $42.64
Gold @ $1240.20
AH News....CNI Down 5.29%, CTRP Down 11.48%
SANM UP 8.33%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is in digestive mode of tremendous gains, Nasdaq has been down 3 day's in a row. Internals of market was mixed which is a good thing. Tuesday after hours AAPL is reporting, again reaction will be based on results and guidance, Many famous stocks are facing selling prior to earnings, how far they fall may create a cushion IF they disappoint. Selling was orderly today and Tuesday may not be any different due to earnings after hours or Fed meeting handicapping.
BLOG does NOT give buy or sell.
Saleem
Indices down .42% to .44%......
Indices are lower due to lower oil and jitters about earnings and Fed decision on Wednesday.
S&P 500 @ 2082.50, low 2077.52, high 2089.37
Internals are negative by 2 to 1
Oil Down 87 cents
Gold UP $10.10
Canadian $ Down 6 tick @ .7326
VIX UP 8.02% @ 14.28
Portfolio BIDU ABX CMG FEYE JKS MSFT NTES JCP
QRVO SBUX TWTR.....
Most stocks are down
@ 2.14 PM following are green :
FEYE MSFT SBUX PANW SPLK GOOG AMZN
COH LNKD FFIV WB DATA MGA AGU......
Before open on Tuesday ABX reports, here are the expectations :
Q1 Sales $1.99 billion, EPS 10 cents
Q2 guidance Sales $1.99 billion, EPS 12 cents
Expecting a beat in Sales & EPS, may guide higher EPS for Q2.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2082.50, low 2077.52, high 2089.37
Internals are negative by 2 to 1
Oil Down 87 cents
Gold UP $10.10
Canadian $ Down 6 tick @ .7326
VIX UP 8.02% @ 14.28
Portfolio BIDU ABX CMG FEYE JKS MSFT NTES JCP
QRVO SBUX TWTR.....
Most stocks are down
@ 2.14 PM following are green :
FEYE MSFT SBUX PANW SPLK GOOG AMZN
COH LNKD FFIV WB DATA MGA AGU......
Before open on Tuesday ABX reports, here are the expectations :
Q1 Sales $1.99 billion, EPS 10 cents
Q2 guidance Sales $1.99 billion, EPS 12 cents
Expecting a beat in Sales & EPS, may guide higher EPS for Q2.
BLOG does NOT give buy or sell.
Saleem
Sunday, April 24, 2016
S&P 500 all set for golden cross......
S&P 500 is only 2 points away from making golden cross, a reliable technical indicator of future strength, Dow has already made it, Nasdaq is 111 points away from golden cross.
Nasdaq earnings so far is weak, this week many important techs are reporting Monday NXPI, Tuesday TWTR AAPL CMG, Wednesday FB, Thursday AMZN, BIDU......IF i have to handicap only few will beat or guide up......
Fed meeting is also this week and Wednesday @ 2 PM will make a statement about direction of interest rates, expecting no change.
Important part is that this market only punishes stocks which gives weak earnings and they too start recovering very soon, a sign of strong bull market,
This TAPE is very healthy and strong, it is important to keep the focus on stocks which are working and let it run.
RSI around 70 gives minor pushback and then we resume uptrend until we hit 70 again, currently RSI are @ these numbers :
Nasdaq @ 56.40
S&P 500 @ 63.23
Dow @ 65.63
RUT @ 66.79
Strongest index is Russell which is a major change, weakest index is Nasdaq and may remain so.
VIX @ 13.22 is a mini challenge as its trading range is 53.29 to 10.88......when we get in 11 area, TAPE may pull back in a hurry, something to keep an eye on.
Gold, Oil, base metals are working and need to be in trading focus, they were down for several years and now has come back to life, much more to go on the upside.
Chemicals are working also, check the chart of HUN...looks very impressive.
Are Fertilizer stocks next to come out of ICU?
Stocks in many new sectors need to be in focus be it steels, copper or chemicals.....
Good luck with your stock picks, this is a very good rotation TAPE.
BLOG does NOT give buy or sell.
Saleem
Nasdaq earnings so far is weak, this week many important techs are reporting Monday NXPI, Tuesday TWTR AAPL CMG, Wednesday FB, Thursday AMZN, BIDU......IF i have to handicap only few will beat or guide up......
Fed meeting is also this week and Wednesday @ 2 PM will make a statement about direction of interest rates, expecting no change.
Important part is that this market only punishes stocks which gives weak earnings and they too start recovering very soon, a sign of strong bull market,
This TAPE is very healthy and strong, it is important to keep the focus on stocks which are working and let it run.
RSI around 70 gives minor pushback and then we resume uptrend until we hit 70 again, currently RSI are @ these numbers :
Nasdaq @ 56.40
S&P 500 @ 63.23
Dow @ 65.63
RUT @ 66.79
Strongest index is Russell which is a major change, weakest index is Nasdaq and may remain so.
VIX @ 13.22 is a mini challenge as its trading range is 53.29 to 10.88......when we get in 11 area, TAPE may pull back in a hurry, something to keep an eye on.
Gold, Oil, base metals are working and need to be in trading focus, they were down for several years and now has come back to life, much more to go on the upside.
Chemicals are working also, check the chart of HUN...looks very impressive.
Are Fertilizer stocks next to come out of ICU?
Stocks in many new sectors need to be in focus be it steels, copper or chemicals.....
Good luck with your stock picks, this is a very good rotation TAPE.
BLOG does NOT give buy or sell.
Saleem
Friday, April 22, 2016
Indices closed mixed.....
Indices fought back negativity of poor earnings and ended up mixed. All indices closed near high of the day. There are plenty of buying power on any dip. Internals were all positive.
S&P 500 @ 2091.58, high 2094.32, low 2081.20
RSI @ 63.23
CMF @ 0.113
Internals were :
UP volume led by 2.27 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 2.42 to 1 in NYSE & 1.68 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & 24 in Nasdaq
VIX Down 5.23% @ 13.22
Oil @ $43.73
Gold @ $1230.00
Canadian $ @ .7326
Stocks which closed green included FEYE JKS QRVO
CNQ LNG PANW NXPI SPLK SPWR COH CTSH
NFLX TSLA SU FFIV CIEN DATA SWIR MS
GS VRX ZG......
In my portfolio...Bought BIDU @ $188.70
Here is my weighting :
NTES 15.43%
CMG 14.66%
ABX 13.35%
QRVO 9.46%
BIDU 7.90%
JCP 7.89%
JKS 7.76%
TWTR 7.14%
FEYE 5.94%
SBUX 5.73%
MSFT 4.74%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.58, high 2094.32, low 2081.20
RSI @ 63.23
CMF @ 0.113
Internals were :
UP volume led by 2.27 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 2.42 to 1 in NYSE & 1.68 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & 24 in Nasdaq
VIX Down 5.23% @ 13.22
Oil @ $43.73
Gold @ $1230.00
Canadian $ @ .7326
Stocks which closed green included FEYE JKS QRVO
CNQ LNG PANW NXPI SPLK SPWR COH CTSH
NFLX TSLA SU FFIV CIEN DATA SWIR MS
GS VRX ZG......
In my portfolio...Bought BIDU @ $188.70
Here is my weighting :
NTES 15.43%
CMG 14.66%
ABX 13.35%
QRVO 9.46%
BIDU 7.90%
JCP 7.89%
JKS 7.76%
TWTR 7.14%
FEYE 5.94%
SBUX 5.73%
MSFT 4.74%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, April 21, 2016
Indices closed down .05% to .63%.....
Indices closed down.
S&P 500 @ 2091.48, low 2088.52, high 2103.78
RSI @ 63.20
CMF @ 0.127
Internals were :
Down volume led by 2.18 to 1 in NYSE & 1.08 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 32 in Nasdaq
VIX UP 5.05% @ 13.95
Oil @ $43.18
Gold @ $1250.30
In my portfolio Bought ABX @ $16.19.....
AH ER... SBUX Down 3.99%, V Down 4.51%
MSFT Down 5.13%, GOOG Down 5.92%
MSFT missed by 2 cents due to one time tax expense amounting to 4 cents.
SBUX EPS came in line, Chinese comps were the sticking point.
Do not see any issue with either stock going forward, weakness may not last long.
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under pressure with weak earnings and oil being lower,weak earnings continued this evening also. Markets resolve should be apparent as to how we close on Friday. Tonight IBD is changing its market outlook to "uptrend under pressure". I do not believe majority of misses is a game changer for market direction, GOOG may be the exception and FB by association. Internals of the market were better than indices, thus a positive.Only a closing BLOG @ 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.48, low 2088.52, high 2103.78
RSI @ 63.20
CMF @ 0.127
Internals were :
Down volume led by 2.18 to 1 in NYSE & 1.08 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 32 in Nasdaq
VIX UP 5.05% @ 13.95
Oil @ $43.18
Gold @ $1250.30
In my portfolio Bought ABX @ $16.19.....
AH ER... SBUX Down 3.99%, V Down 4.51%
MSFT Down 5.13%, GOOG Down 5.92%
MSFT missed by 2 cents due to one time tax expense amounting to 4 cents.
SBUX EPS came in line, Chinese comps were the sticking point.
Do not see any issue with either stock going forward, weakness may not last long.
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under pressure with weak earnings and oil being lower,weak earnings continued this evening also. Markets resolve should be apparent as to how we close on Friday. Tonight IBD is changing its market outlook to "uptrend under pressure". I do not believe majority of misses is a game changer for market direction, GOOG may be the exception and FB by association. Internals of the market were better than indices, thus a positive.Only a closing BLOG @ 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Indices down .09% to .43%......
Indices are lower today on earnings jitter with GOOG, V, SBUX and MSFT reporting among many. Oil is also lower but oil stocks are higher..Indices are @ low of the day.
S&P 500 @ 2094.38, low 2093.96, high 2103.78
Internals are negative
Oil Down 79 cents
Gold Down $2.50
Canadian $ Down 79 tick @ .7268
VIX UP4.22% @ 13.84
In my portfolio :
Sold ABX @ $16.55
Sold CNQ @ $30.45
Added 70% JCP @ $9.63
Portfolio CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are down
@ 1.21 following are green :
FEYE MSFT NTES TWTR ABX CNQ PANW SPLK
GOOG FB GG LNKD LEN SINA FFIV SSYS
WB YELP FSLR M UA SLW GG AEM
DATA CSOD ZG......
Tonight MSFT & SBUX are reporting, here are the expectations :
MSFT Q1 Sales $22.09 billion EPS 64 cents
Guidance Q2 Sales $23.05 billion, EPS 66 cents
Expecting a beat
SBUX Q1 Sales $5.03 billion, EPS 39 cents
Q2 guidance Sales $5.38 billion, EPS 49 cents
They have a history of beating by 1 or 2 cents in EPS
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2094.38, low 2093.96, high 2103.78
Internals are negative
Oil Down 79 cents
Gold Down $2.50
Canadian $ Down 79 tick @ .7268
VIX UP4.22% @ 13.84
In my portfolio :
Sold ABX @ $16.55
Sold CNQ @ $30.45
Added 70% JCP @ $9.63
Portfolio CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are down
@ 1.21 following are green :
FEYE MSFT NTES TWTR ABX CNQ PANW SPLK
GOOG FB GG LNKD LEN SINA FFIV SSYS
WB YELP FSLR M UA SLW GG AEM
DATA CSOD ZG......
Tonight MSFT & SBUX are reporting, here are the expectations :
MSFT Q1 Sales $22.09 billion EPS 64 cents
Guidance Q2 Sales $23.05 billion, EPS 66 cents
Expecting a beat
SBUX Q1 Sales $5.03 billion, EPS 39 cents
Q2 guidance Sales $5.38 billion, EPS 49 cents
They have a history of beating by 1 or 2 cents in EPS
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 20, 2016
Indices closed UP .08% to .24%....NICE !!!!
Indices closed UP.
S&P 500 @ 2102.40, high 2111.05, low 2096.32
RSI @ 68.24
CMF @ 0.130
Internals were :
UP volume led by 1.65 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 133 in NYSE & 55 in Nasdaq
VIX UP .30% @ 13.28
Oil @ $44.18
Gold @ $1254.40
Stocks which were UP 1% or more included JKS QRVO TWTR
CTRP LNG NXPI SPLK SPWR COH LNKD LEN NFLX
TSLA CSIQ YHOO EBAY FFIV SSYS WB BABA
YELP FSLR SLW DATA MGA MS ZG GS
MLNX.....
AH ER...LVS Down 5.71%, CTXS UP 3.94%
NOW UP 8.15%, YUM UP 3.99%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE remained in major bullish mode and is sitting @ 9 month high.Higher highs are the name of this TAPE. There are plenty of skeptics about this move who are looking @ 2008 for clues on the downside. Only strong bull market make higher highs on a daily basis. Oil is showing an amazing strength and keeps making higher highs also. When bears wake UP, then we may have a blowout upside, for now its very orderly.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2102.40, high 2111.05, low 2096.32
RSI @ 68.24
CMF @ 0.130
Internals were :
UP volume led by 1.65 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 133 in NYSE & 55 in Nasdaq
VIX UP .30% @ 13.28
Oil @ $44.18
Gold @ $1254.40
Stocks which were UP 1% or more included JKS QRVO TWTR
CTRP LNG NXPI SPLK SPWR COH LNKD LEN NFLX
TSLA CSIQ YHOO EBAY FFIV SSYS WB BABA
YELP FSLR SLW DATA MGA MS ZG GS
MLNX.....
AH ER...LVS Down 5.71%, CTXS UP 3.94%
NOW UP 8.15%, YUM UP 3.99%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE remained in major bullish mode and is sitting @ 9 month high.Higher highs are the name of this TAPE. There are plenty of skeptics about this move who are looking @ 2008 for clues on the downside. Only strong bull market make higher highs on a daily basis. Oil is showing an amazing strength and keeps making higher highs also. When bears wake UP, then we may have a blowout upside, for now its very orderly.
BLOG does NOT give buy or sell.
Saleem
Indices UP .39% to .52%....NICE !!!!
Indices are @ new 2016 highs, oil sharply higher is giving stocks a major lift. Indices are @ highest point in last 9 months.
S&P 500 @ 2109.35, high 2110.08, low 2096.32
Internals are positive
Oil UP $1.66
Gold UP 10 cents
Canadian $ UP 50 tick @ .7384
VIX Down 4.08% @ 12.70
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are UP
@ 2.37 following are red :
FEYE MSFT NTES BIDU LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2109.35, high 2110.08, low 2096.32
Internals are positive
Oil UP $1.66
Gold UP 10 cents
Canadian $ UP 50 tick @ .7384
VIX Down 4.08% @ 12.70
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are UP
@ 2.37 following are red :
FEYE MSFT NTES BIDU LRCX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 19, 2016
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2100.80, high 2104.05, low 2091.68
RSI @ 67.89
CMF @ 0.147
Internals were :
UP volume led by 3.82 to 1 in NYSE & .81 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 191 in NYSE & 56 in Nasdaq
VIX Down .82% @ 13.24
Oil @ $41.08
Gold @ $1254.30
Stocks which were UP 1% or more included ABX CNQ
LULU FB GG LVS COH SU RIG WB AAL M SLW
AEM SWIR MS ZG WYNN AGU.....
AH ER....INTC Down 2.15%, VMW UP 8.82%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices closed near high of the day making higher highs in last 9 months. Dow is showing golden cross which is a very strong technical indicator, S&P 500 has only 17 points to create golden cross. Oil, gold & base metals were strong today on higher prices. S&P 500 is sitting above 2100 which is a good thing. We are all set to create new all time highs in Dow & S&P 500 in short order.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2100.80, high 2104.05, low 2091.68
RSI @ 67.89
CMF @ 0.147
Internals were :
UP volume led by 3.82 to 1 in NYSE & .81 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 191 in NYSE & 56 in Nasdaq
VIX Down .82% @ 13.24
Oil @ $41.08
Gold @ $1254.30
Stocks which were UP 1% or more included ABX CNQ
LULU FB GG LVS COH SU RIG WB AAL M SLW
AEM SWIR MS ZG WYNN AGU.....
AH ER....INTC Down 2.15%, VMW UP 8.82%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Indices closed near high of the day making higher highs in last 9 months. Dow is showing golden cross which is a very strong technical indicator, S&P 500 has only 17 points to create golden cross. Oil, gold & base metals were strong today on higher prices. S&P 500 is sitting above 2100 which is a good thing. We are all set to create new all time highs in Dow & S&P 500 in short order.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed on IBM and NFLX weak report. Oil is UP again and gold is flying. SOX is showing serious weakness due to INTC upcoming earning. Good data from Germany helping world markets.
S&P 500 @ 2096.28, high 2104.05, low 2091.68
Internals are positive
Oil UP $1.08
Gold UP $18.90
Canadian $ UP 1.18 cent @ .7338..a new 10 month high against US$
VIX UP .82% @ 13.46
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are UP
@ 1.46 following are red :
CMG FEYE NTES QRVO TWTR CTRP PANW NXPI SPLK
GOOG PCLN AMZN CTSH LNKD NFLX TSLA SINA
EXPE EBAY YELP CRUS V CSIQ DATA CSOD
TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2096.28, high 2104.05, low 2091.68
Internals are positive
Oil UP $1.08
Gold UP $18.90
Canadian $ UP 1.18 cent @ .7338..a new 10 month high against US$
VIX UP .82% @ 13.46
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are UP
@ 1.46 following are red :
CMG FEYE NTES QRVO TWTR CTRP PANW NXPI SPLK
GOOG PCLN AMZN CTSH LNKD NFLX TSLA SINA
EXPE EBAY YELP CRUS V CSIQ DATA CSOD
TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, April 18, 2016
Indices closed UP .44% to .65%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2094.34, high 2094.66, low 2073.65
RSI @ 66.52
CMF @ 0.149
Internals were :
UP volume led by 2.95 to 1 in NYSE & 1.69 to 1 in Nasdaq
Advancing stocks led by 2.71 to 1 in NYSE & 1.98 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 41 in Nasdaq
VIX Down 1.98% @ 13.35
Oil @ $39.78
Gold @ $1235.00
Stocks which were UP 1% or more included ABX CNQ JKS MSFT
LULU CTRP GOOG SPWR PCLN AMZN V COH LNKD SU
CSIQ EXPE FFIV MA SSYS YELP FSLR MU UA DATA
CSOD MGA VRX TRIP......
AH Action...IBM Down 5.07%, NFLX Down 7.84%
MGA Down 13.21%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE showed its strong buying momentum after Doha failure and oil slump @ open, within minutes of open buyers flocked in and bought everything on sale, by close we were @ the highest point of the day. Indices are sitting @ the highest level of 2016 and within striking distance of making a new all time high. All this daily record close is being ignored by a technician, Carter Worth is always looking towards 2008, which was 8 years ago, one hell of a technical analysis.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2094.34, high 2094.66, low 2073.65
RSI @ 66.52
CMF @ 0.149
Internals were :
UP volume led by 2.95 to 1 in NYSE & 1.69 to 1 in Nasdaq
Advancing stocks led by 2.71 to 1 in NYSE & 1.98 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 41 in Nasdaq
VIX Down 1.98% @ 13.35
Oil @ $39.78
Gold @ $1235.00
Stocks which were UP 1% or more included ABX CNQ JKS MSFT
LULU CTRP GOOG SPWR PCLN AMZN V COH LNKD SU
CSIQ EXPE FFIV MA SSYS YELP FSLR MU UA DATA
CSOD MGA VRX TRIP......
AH Action...IBM Down 5.07%, NFLX Down 7.84%
MGA Down 13.21%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE showed its strong buying momentum after Doha failure and oil slump @ open, within minutes of open buyers flocked in and bought everything on sale, by close we were @ the highest point of the day. Indices are sitting @ the highest level of 2016 and within striking distance of making a new all time high. All this daily record close is being ignored by a technician, Carter Worth is always looking towards 2008, which was 8 years ago, one hell of a technical analysis.
BLOG does NOT give buy or sell.
Saleem
Indices UP .3% to .47%....NICE !!!!
Indices made a U turn after Doha failure, oil has recovered most of its losses.Indices on track for higher highs for 2016. Indices are @ high of the day.
S&P 500 @ 2090.06, high 2090.92, low 2073.65
Internals are positive by more than 2 to 1
Oil Down 63 cents
Gold UP 70 cents
Canadian $ UP 3 tick @ .7184
VIX Down 1.98% @ 13.35
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are UP
@ 2.08 following are red:
CMG FEYE QRVO TWTR BIDU LNG NXPI AAPL
LEN NFLX TSLA CRUS SLW AEM MS WYNN....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.06, high 2090.92, low 2073.65
Internals are positive by more than 2 to 1
Oil Down 63 cents
Gold UP 70 cents
Canadian $ UP 3 tick @ .7184
VIX Down 1.98% @ 13.35
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR
Most stocks are UP
@ 2.08 following are red:
CMG FEYE QRVO TWTR BIDU LNG NXPI AAPL
LEN NFLX TSLA CRUS SLW AEM MS WYNN....
BLOG does NOT give buy or sell.
Saleem
Sunday, April 17, 2016
Doha meeting outcome to impact markets....
18 countries are debating what to incorporate in their draft agreement, as usual there is lot of drama as Saudi's & Iranian's do not see eye to eye in quest to freeze production. IF they fail to come up with workable draft agreement, there may be negative reaction based on perception.
Market is slowly creeping towards making new all time high.....
Market is also moving towards making a golden cross.....
Here are the numbers towards making new all time highs :
Dow only 2.48% away
S&P 500 only 2.54% away
Nasdaq 5.62% away
Russell 12.75%......
This TAPE is tilted towards Dow & S&P 500 as the main focus of money flow, Nasdaq is lagging so far, that may change IF we get major beat in earnings.
Small caps are struggling badly and are a major laggard.
It is important to know these stats to make an educated investment decision, listening to CNBC only for ideas is a crap shoot.
There has been a shift in sectors to invest or trade, major gains of triple digits are happening in Oil, Gold & base metals ......need to be in that sector to get ahead.
Different markets need different approach, this TAPE is decidedly different from 2014....
Volatility has spiked which can be a good thing, IF you focus on trading range of strong stocks.
It is not that difficult to trade in a $2 range of strong stocks.....
I do not see this market as a straight line UP moving, it is back and forth type of movement, which can be frustrating for long term investors.
This is a daytrading market and swing trading is a good approach also.
Go for singles instead of homerun......
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Market is slowly creeping towards making new all time high.....
Market is also moving towards making a golden cross.....
Here are the numbers towards making new all time highs :
Dow only 2.48% away
S&P 500 only 2.54% away
Nasdaq 5.62% away
Russell 12.75%......
This TAPE is tilted towards Dow & S&P 500 as the main focus of money flow, Nasdaq is lagging so far, that may change IF we get major beat in earnings.
Small caps are struggling badly and are a major laggard.
It is important to know these stats to make an educated investment decision, listening to CNBC only for ideas is a crap shoot.
There has been a shift in sectors to invest or trade, major gains of triple digits are happening in Oil, Gold & base metals ......need to be in that sector to get ahead.
Different markets need different approach, this TAPE is decidedly different from 2014....
Volatility has spiked which can be a good thing, IF you focus on trading range of strong stocks.
It is not that difficult to trade in a $2 range of strong stocks.....
I do not see this market as a straight line UP moving, it is back and forth type of movement, which can be frustrating for long term investors.
This is a daytrading market and swing trading is a good approach also.
Go for singles instead of homerun......
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, April 15, 2016
Indices closed down .10% to .16%.....
Indices closed down on lower oil as OPEC starts their production freeze mechanism in Doha, Qatar, Iran is sending a junior representative as per their unwilling to cut production due to sanctions. Indices did make a new higher highs for 2016.
S&P 500 @ 2080.73, low 2076.31, high 2083.22
RSI @ 63.45
CMF @ 0.144
Internals were :
Down volume led by 1.02 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by .87 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 36 in Nasdaq
VIX Down .73% @ 13.62
Oil @ $40.36
Gold @ $1234.60
Canadian $ @ .7142
Stocks which closed green included :
ABX CMG MSFT SBUX TWTR LULU SPLK GOOG
AMZN GG NFLX TSLA DNKN EXPE MA RIG YELP MU
M MCD SLW AEM COH ZG AGU.......
In my portfolio :
Bought ABX @ $15.48
Bought CNQ @ $28.67
Here is my weighting :
NTES 15.56%
CMG 15.08%
ABX 12.57%
CNQ 11.94%
QRVO 9.59%
TWTR 7.07%
JKS 6.90%
SBUX 5.84%
FEYE 5.77%
MSFT 4.92%
JCP 4.76%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2080.73, low 2076.31, high 2083.22
RSI @ 63.45
CMF @ 0.144
Internals were :
Down volume led by 1.02 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by .87 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 83 in NYSE & 36 in Nasdaq
VIX Down .73% @ 13.62
Oil @ $40.36
Gold @ $1234.60
Canadian $ @ .7142
Stocks which closed green included :
ABX CMG MSFT SBUX TWTR LULU SPLK GOOG
AMZN GG NFLX TSLA DNKN EXPE MA RIG YELP MU
M MCD SLW AEM COH ZG AGU.......
In my portfolio :
Bought ABX @ $15.48
Bought CNQ @ $28.67
Here is my weighting :
NTES 15.56%
CMG 15.08%
ABX 12.57%
CNQ 11.94%
QRVO 9.59%
TWTR 7.07%
JKS 6.90%
SBUX 5.84%
FEYE 5.77%
MSFT 4.92%
JCP 4.76%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, April 14, 2016
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2082.78, high 2087.84, low 2078.13
RSI @ 64.27
CMF @ 0.161
Internals were :
Down volume led by 1.21 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.24 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 99 in NYSE & 42 in Nasdaq
VIX down .87% @ 13.72
Oil @ $41.50
Gold @ $1226.50
AH action...RLYP Down 13.95%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE made a higher highs before closing mixed. Internals were weaker than indices. Oil was down slightly but Gold took a big hit. Market remains in an upward mode and may need to rest for few more days before charging UP to new all time highs in Dow & S&P 500. Stock picks need to reflect current favourite stocks. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2082.78, high 2087.84, low 2078.13
RSI @ 64.27
CMF @ 0.161
Internals were :
Down volume led by 1.21 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.24 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 99 in NYSE & 42 in Nasdaq
VIX down .87% @ 13.72
Oil @ $41.50
Gold @ $1226.50
AH action...RLYP Down 13.95%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE made a higher highs before closing mixed. Internals were weaker than indices. Oil was down slightly but Gold took a big hit. Market remains in an upward mode and may need to rest for few more days before charging UP to new all time highs in Dow & S&P 500. Stock picks need to reflect current favourite stocks. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed after a strong day yesterday. Indices are near low of the day after making higher highs.
S&P 500 @ 2081.93, low 2078.13, high 2087.84
Internals are mixed
Oil Down 8 cents
Gold Down $21.00
Canadian $ Down 29 tick @ .7156
VIX Down 1.59% @ 13.62
Portfolio CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR.....
Most stocks are down
@ 2.40 following are green :
CMG MSFT TWTR BIDU LULU LNG GOOG PCLN
AMZN V LNKD NFLX EXPE AAL MCD UA
DATA SWIR MGA GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.93, low 2078.13, high 2087.84
Internals are mixed
Oil Down 8 cents
Gold Down $21.00
Canadian $ Down 29 tick @ .7156
VIX Down 1.59% @ 13.62
Portfolio CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR.....
Most stocks are down
@ 2.40 following are green :
CMG MSFT TWTR BIDU LULU LNG GOOG PCLN
AMZN V LNKD NFLX EXPE AAL MCD UA
DATA SWIR MGA GS.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 13, 2016
Indices closed UP 1.00% to 1.55%....NICE !!!!
Indices closed UP.
S&P 500 @ 2082.42, high 2083.18, low 2065.92
RSI @ 64.20
CMF @ 0.191
Internals were :
UP volume led by 3.32 to 1 in NYSE & 4.17 to 1 in Nasdaq
Advancing stocks led by 3.45 to 1 in NYSE & 3.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 119 in NYSE & 37 in Nasdaq
VIX Down 6.80% @ 13.84
Oil @ $41.76
Gold @ $1248.30
Stocks which were UP 2% or more included :
FEYE JKS NTES TWTR
BIDU LULU CTRP LNG PANW
NXPI SPLK SPWR LVS LNKD LEN
NFLX TSLA CSIQ SINA EXPE EBAY
FFIV MA RIG WB BABA YELP FSLR CRUS
MU AMCC CIEN UA DATA SWIR CSOD ORCL
MGA MS VRX ZG GS TRIP......
AH ER..STX Down 6.22%, PIR Down 5.18%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong again and closed @ high of the day, Nasdaq was the strongest which is a change from before.Internals were strong all over. Tonight IBD is changing its market outlook to "market in confirmed uptrend"...Even though oil was down indices went with Chinese export data. Gold rested after being overbought, same with oil.Rotation is going on which is a sign of healthy market, technology & financials were in vogue now vs oil, gold and base metals.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2082.42, high 2083.18, low 2065.92
RSI @ 64.20
CMF @ 0.191
Internals were :
UP volume led by 3.32 to 1 in NYSE & 4.17 to 1 in Nasdaq
Advancing stocks led by 3.45 to 1 in NYSE & 3.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 119 in NYSE & 37 in Nasdaq
VIX Down 6.80% @ 13.84
Oil @ $41.76
Gold @ $1248.30
Stocks which were UP 2% or more included :
FEYE JKS NTES TWTR
BIDU LULU CTRP LNG PANW
NXPI SPLK SPWR LVS LNKD LEN
NFLX TSLA CSIQ SINA EXPE EBAY
FFIV MA RIG WB BABA YELP FSLR CRUS
MU AMCC CIEN UA DATA SWIR CSOD ORCL
MGA MS VRX ZG GS TRIP......
AH ER..STX Down 6.22%, PIR Down 5.18%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong again and closed @ high of the day, Nasdaq was the strongest which is a change from before.Internals were strong all over. Tonight IBD is changing its market outlook to "market in confirmed uptrend"...Even though oil was down indices went with Chinese export data. Gold rested after being overbought, same with oil.Rotation is going on which is a sign of healthy market, technology & financials were in vogue now vs oil, gold and base metals.
BLOG does NOT give buy or sell.
Saleem
Indices UP .78% to 1.14%....NICE !!!!
Indices are strong and @ high of the day,after China gave an impressive data on Exports, it jumped after a year of slump. Beige book showing expansion in economic activity with wage pressure.
S&P 500 @ 2078.67, high 2079.93, low 2065.92
Internals are positive by 3 to 1 in NYSE & 4 to 1 in Nasdaq, first outperformance in a long time.
Oil Down 18 cents
Gold Down $12.10
Canadian $ Down 48 tick @ .7193
VIX Down 6.53% @ 13.88
Portfolio CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR.....
Most stocks are UP
@ 2.06 following are red :
CMG ABX FB GG DNKN M MCD SLW GG AEM
AGU......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.67, high 2079.93, low 2065.92
Internals are positive by 3 to 1 in NYSE & 4 to 1 in Nasdaq, first outperformance in a long time.
Oil Down 18 cents
Gold Down $12.10
Canadian $ Down 48 tick @ .7193
VIX Down 6.53% @ 13.88
Portfolio CMG FEYE JKS MSFT NTES JCP QRVO
SBUX TWTR.....
Most stocks are UP
@ 2.06 following are red :
CMG ABX FB GG DNKN M MCD SLW GG AEM
AGU......
BLOG does NOT give buy or sell.
Saleem
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