Indices closed mixed.
S&P 500 @ 2097.05, low 2088.66, high 2103.48
RSI @ 60.55
CMF @ 0.068
Internals were :
UP volume led by 1.13 to 1 in NYSE & 1.83 to 1 in Nasdaq
Advancing stocks led by 1.18 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & 59 in Nasdaq
VIX UP 8.16% @ 14.19
Oil @ $49.10
Gold @ $1214.80
Stocks which closed UP 1% or more included TWTR
NXPI SPLK SPWR AMZN GG SLW AEM TCK
NTES LNKD MSFT SINA FFIV CHK SWN
TK SSYS WB BABA YELP MU CIEN
M DATA CSOD.....
AH ER...WDAY Down 2.25%, NILE UP 2.2%
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under pressure from strong consumer spending and British potential exit from EU, but by close market were @ upper end of trading range. Internals were strong all over. Internal strength of the TAPE was evident even @ low of the day.Diversified portfolios are working better as sectors rotate on a daily basis. Internal strength may take this TAPE to new all time highs in short order.
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 31, 2016
Indices down .13% to .82%......
Indices are near low of the day as it tracks oil lower.
S&P 500 @ 2091.47, low 2088.85, high 2103.48
Internals are mixed.
Oil Down 3 cents
Gold UP $3.20
Canadian $ Down 71 tick @ .6882
VIX UP 12.65% @ 14.78
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most of the stocks are UP
@ 2.28 following are red :
BIDU CMG JKS JCP SBUX LNG PCLN AAPL FB
V COH CTSH NFLX DNKN EXPE MA MCD
AGU.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.47, low 2088.85, high 2103.48
Internals are mixed.
Oil Down 3 cents
Gold UP $3.20
Canadian $ Down 71 tick @ .6882
VIX UP 12.65% @ 14.78
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most of the stocks are UP
@ 2.28 following are red :
BIDU CMG JKS JCP SBUX LNG PCLN AAPL FB
V COH CTSH NFLX DNKN EXPE MA MCD
AGU.......
BLOG does NOT give buy or sell.
Saleem
Sunday, May 29, 2016
Can S&P 500 go to new all time high this week?
In the last 6 days of trading, indices have cut through fed driven negativity and have moved UP 4 of last 6 sessions, a decisive move against overwhelming odds.
As of Friday close, here is the snapshot of all major indices :
-S&P 500 from all time high only 35.64 points or 1.68%
-Dow from all time high 478.15 points or 2.62%
-Nasdaq from all time high 297.85 points or 5.70%
-Russell from all time high 145.56 points or 11.24%
As you can see from the above statistics for new all time highs, it may take a shortened week to make it in S&P 500 & Dow, Nasdaq could do it also in coming week.
Russell is far far away may take 5 to 6 weeks.
This has been a very tough market and is reflected in YTD picture for most indices, it has been struggle for a long time.
Those practising patience and conviction have managed to stay with the market are doing reasonably well, some are actually doing better than market.
Once we hit new all time high, more money will be allocated to equities.
I expect most sector to participate in this rally from banks oil, gold, tech, biotech.
Look @ your allocation and IF you are underweight, it is time to increase exposure based on your comfort level.
Good luck with your own interpretation of this TAPE.
BLOG does NOT give buy or sell.
Saleem
As of Friday close, here is the snapshot of all major indices :
-S&P 500 from all time high only 35.64 points or 1.68%
-Dow from all time high 478.15 points or 2.62%
-Nasdaq from all time high 297.85 points or 5.70%
-Russell from all time high 145.56 points or 11.24%
As you can see from the above statistics for new all time highs, it may take a shortened week to make it in S&P 500 & Dow, Nasdaq could do it also in coming week.
Russell is far far away may take 5 to 6 weeks.
This has been a very tough market and is reflected in YTD picture for most indices, it has been struggle for a long time.
Those practising patience and conviction have managed to stay with the market are doing reasonably well, some are actually doing better than market.
Once we hit new all time high, more money will be allocated to equities.
I expect most sector to participate in this rally from banks oil, gold, tech, biotech.
Look @ your allocation and IF you are underweight, it is time to increase exposure based on your comfort level.
Good luck with your own interpretation of this TAPE.
BLOG does NOT give buy or sell.
Saleem
Friday, May 27, 2016
Indices closed UP .25% to .65%.....NICE !!!!
Indices closed @ absolute high of the day, this despite oil being lower and Fed chief wants a summer increase in rates, equities looking towards July increase now, so a shrug to that confirmation. Strong US$ taking a toll on gold & gold stocks.
S&P 500 @ 2099.06, high 2099.06, low 2090.06.
RSI @ 61.40
CMF @ 0.102
Internals were :
UP volume led by 1.91 to 1 in NYSE & 2.78 to 1 in Nasdaq
Advancing stocks led by 2.09 to 1 in NYSE & 2.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 59 in Nasdaq
VIX Down 2.31% @ 13.12
Oil @ $49.33
Gold @ $1213.80
Canadian $ @ .6997
Stocks which rose 2% or more included BIDU JCP TWTR
VRX CTRP SPLK LULU YHOO WB BABA MU M
CIEN LRCX CSOD .....
Here is my weighting :
CMG 22.26%
BIDU 21.58%
CNQ 13.17%
ABX 11.63%
JKS 11.16%
TWTR 8.15%
JCP 6.55%
SBUX 5.50%
All the world markets are open on Monday, only closed in US, Canada also open. Interesting to see how trading goes worldwide on Monday.
Enjoy your Memorial day long weekend !
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2099.06, high 2099.06, low 2090.06.
RSI @ 61.40
CMF @ 0.102
Internals were :
UP volume led by 1.91 to 1 in NYSE & 2.78 to 1 in Nasdaq
Advancing stocks led by 2.09 to 1 in NYSE & 2.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 59 in Nasdaq
VIX Down 2.31% @ 13.12
Oil @ $49.33
Gold @ $1213.80
Canadian $ @ .6997
Stocks which rose 2% or more included BIDU JCP TWTR
VRX CTRP SPLK LULU YHOO WB BABA MU M
CIEN LRCX CSOD .....
Here is my weighting :
CMG 22.26%
BIDU 21.58%
CNQ 13.17%
ABX 11.63%
JKS 11.16%
TWTR 8.15%
JCP 6.55%
SBUX 5.50%
All the world markets are open on Monday, only closed in US, Canada also open. Interesting to see how trading goes worldwide on Monday.
Enjoy your Memorial day long weekend !
BLOG does NOT give buy or sell.
Saleem
Thursday, May 26, 2016
Indices closed mixed.......
Indices closed mixed.
S&P 500 @ 2090.10, low 2087.08, high 2094.30
RSI @ 59.01
CMF @ 0.075
Internals were :
Down volume led by 1.29 to 1 in NYSE & .90 to 1 in Nasdaq
Declining stocks led by .93 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 36 in Nasdaq
VIX Down 3.38% @ 13.43
Oil @ $49.48
Gold @ $1220.40
AH ER...SPLK Down 6.75%, PANW Down 9.91%
ULTA UP 8.33%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE traded in an extremely narrow range which i have ever observed, range was only 7 points in S&P 500, so it was a no nothing session in low volume. GDP revision is on tap for 830 AM excitement, could be another narrow session for upcoming memorial day long weekend.Oil went through $50 but retraced by 52 cents. VIX getting near lower end of trading range, which may put resistance for equities.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.10, low 2087.08, high 2094.30
RSI @ 59.01
CMF @ 0.075
Internals were :
Down volume led by 1.29 to 1 in NYSE & .90 to 1 in Nasdaq
Declining stocks led by .93 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 36 in Nasdaq
VIX Down 3.38% @ 13.43
Oil @ $49.48
Gold @ $1220.40
AH ER...SPLK Down 6.75%, PANW Down 9.91%
ULTA UP 8.33%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE traded in an extremely narrow range which i have ever observed, range was only 7 points in S&P 500, so it was a no nothing session in low volume. GDP revision is on tap for 830 AM excitement, could be another narrow session for upcoming memorial day long weekend.Oil went through $50 but retraced by 52 cents. VIX getting near lower end of trading range, which may put resistance for equities.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed as oil gave up its morning gains, Fed speak continues unabated saying the same thing " interest rate to go up in near future".
S&P 500 @ 2090.82, high 2094.30, low 2087.08
Internals are mixed
Oil Down 6 cents
Gold Down $3.50
Canadian $ UP 32 tick @ .7014
VIX Down .72% @ 13.80
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are lower
@ 2.14 following are green :
CNQ SBUX AMZN FB NTES NFLX TSLA YHOO
AAPL SSYS BABA MU GG OLED AEM CRUS
CSOD AGU......
JKS reports before open on Friday, following are expected :
Sales Q1 $685.05 million, EPS 86 cents
Guidance Sales Q2 $743.31 million, EPS $1.18
Expecting a huge beat in EPS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.82, high 2094.30, low 2087.08
Internals are mixed
Oil Down 6 cents
Gold Down $3.50
Canadian $ UP 32 tick @ .7014
VIX Down .72% @ 13.80
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are lower
@ 2.14 following are green :
CNQ SBUX AMZN FB NTES NFLX TSLA YHOO
AAPL SSYS BABA MU GG OLED AEM CRUS
CSOD AGU......
JKS reports before open on Friday, following are expected :
Sales Q1 $685.05 million, EPS 86 cents
Guidance Sales Q2 $743.31 million, EPS $1.18
Expecting a huge beat in EPS.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 25, 2016
Indices closed UP .70% to .82%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2090.54, high 2094.73, low 2078.93
RSI @ 59.18
CMF @ 0.039
Internals were :
UP volume led by 3.68 to 1 in NYSE & 2.39 to 1 in Nasdaq
Advancing stocks led by 2.17 to 1 in NYSE & 1.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 100 in NYSE & 77 in Nasdaq
VIX Down 3.61% @ 13.90
Oil @ $49.56
Gold @ $1223.50
Stocks which were UP 2% ABX CNQ JKS TWTR
VRX LNG CHK SWN TK RIG SPWR CSIQ
GG SLW NFLX WB OLED TCK MGA
WYNN GS AGU.....
AH ER...NTAP Down 7.37%, PVH UP 7.15%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong again and closed near high of the day, All indices are technically strong with S&P 500 close to all time highs.Internals were strong and all positive. Oil staged a very impressive rally which helped indices. Some Fed officials are backtracking their enthusiasm for June hike, this is a known pattern, create panic, then backtrack.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2090.54, high 2094.73, low 2078.93
RSI @ 59.18
CMF @ 0.039
Internals were :
UP volume led by 3.68 to 1 in NYSE & 2.39 to 1 in Nasdaq
Advancing stocks led by 2.17 to 1 in NYSE & 1.82 to 1 in Nasdaq
Net new 52 wk highs were leading by 100 in NYSE & 77 in Nasdaq
VIX Down 3.61% @ 13.90
Oil @ $49.56
Gold @ $1223.50
Stocks which were UP 2% ABX CNQ JKS TWTR
VRX LNG CHK SWN TK RIG SPWR CSIQ
GG SLW NFLX WB OLED TCK MGA
WYNN GS AGU.....
AH ER...NTAP Down 7.37%, PVH UP 7.15%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong again and closed near high of the day, All indices are technically strong with S&P 500 close to all time highs.Internals were strong and all positive. Oil staged a very impressive rally which helped indices. Some Fed officials are backtracking their enthusiasm for June hike, this is a known pattern, create panic, then backtrack.
BLOG does NOT give buy or sell.
Saleem
Indices UP .73% to .97%.....NICE !!!!
Indices are UP again & @ high of the day as oil is higher. Good TAPE action back to back so far.
S&P 500 @ 2092.72, high 2094.38, low 2078.93
Internals are positive around 2 to 1
Oil UP 79 cents
Gold Down $4.90
Canadian $ UP 63 tick @ .6944
VIX Down 4.09% @ 13.83
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are UP
@ 2.32 following are red :
PANW NTES YHOO BABA QRVO .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2092.72, high 2094.38, low 2078.93
Internals are positive around 2 to 1
Oil UP 79 cents
Gold Down $4.90
Canadian $ UP 63 tick @ .6944
VIX Down 4.09% @ 13.83
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are UP
@ 2.32 following are red :
PANW NTES YHOO BABA QRVO .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 24, 2016
Indices closed UP 1.22% to 2.00%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2076.06, high 2079.67, low 2052.65
RSI @ 55.32
CMF @ 0.041
Internals were :
UP volume led by 2.93 to 1 in NYSE & 5.04 to 1 in Nasdaq
Advancing stocks led by 3.32 to 1 in NYSE & 3.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 85 in NYSE & 49 in Nasdaq
VIX Down 8.85% @ 14.42
Oil @ $48.62
Gold @ $1229.20
Stocks which were UP 2% or more included BIDU JKS
CTRP NXPI GOOG SPWR NTES V LNKD MSFT
LEN NFLX CSIQ YHOO SINA EXPE SU YUM
EBAY CHK SWN SSYS FEYE BABA FSLR
MU AMCC CIEN OLED LRCX UA MS
CRUS SWIR ZG MLNX.....
AH ER...HPE UP 11.88%, INTU Down 2.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was extremely strong and finished near high of the day, internals were strong across the board. Many sectors participated in this rally except Gold & Base metals, GLD RSI @ 37.66, should find support around here. Need a follow up day to get momentum going, seen too many one day wonders lately only to falter next day. Tech was the strongest sector today.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2076.06, high 2079.67, low 2052.65
RSI @ 55.32
CMF @ 0.041
Internals were :
UP volume led by 2.93 to 1 in NYSE & 5.04 to 1 in Nasdaq
Advancing stocks led by 3.32 to 1 in NYSE & 3.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 85 in NYSE & 49 in Nasdaq
VIX Down 8.85% @ 14.42
Oil @ $48.62
Gold @ $1229.20
Stocks which were UP 2% or more included BIDU JKS
CTRP NXPI GOOG SPWR NTES V LNKD MSFT
LEN NFLX CSIQ YHOO SINA EXPE SU YUM
EBAY CHK SWN SSYS FEYE BABA FSLR
MU AMCC CIEN OLED LRCX UA MS
CRUS SWIR ZG MLNX.....
AH ER...HPE UP 11.88%, INTU Down 2.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was extremely strong and finished near high of the day, internals were strong across the board. Many sectors participated in this rally except Gold & Base metals, GLD RSI @ 37.66, should find support around here. Need a follow up day to get momentum going, seen too many one day wonders lately only to falter next day. Tech was the strongest sector today.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.17% to 1.93%.....NICE !!!!
Indices are sharply higher and near high of the day, as oil moves UP and gold tanks, Buyers came in after market digested Fed rate jitters.
S&P 500 @ 2074.23, high 2076.77, low 2052.65
Internals are positive by more than 2 to 1
Oil UP 61 cents
Gold Down $22.70
Canadian $ Down 3 tick @ .6866
VIX Down 7.14% @ 14.69
In my portfolio :
Added 10% ABX @ $17.17
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are UP
@ 2.33 following are red :
ABX CNQ TWTR VRX LNG GG TK TCK SLW AEM
AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2074.23, high 2076.77, low 2052.65
Internals are positive by more than 2 to 1
Oil UP 61 cents
Gold Down $22.70
Canadian $ Down 3 tick @ .6866
VIX Down 7.14% @ 14.69
In my portfolio :
Added 10% ABX @ $17.17
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are UP
@ 2.33 following are red :
ABX CNQ TWTR VRX LNG GG TK TCK SLW AEM
AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
Monday, May 23, 2016
Indices closed down .05% to .21%......
Indices closed down.
S&P 500 @ 2048.04, low 2047.26, high 2055.58
RSI @ 46.15
CMF @ 0.011
Internals were :
Down volume led by 1.50 to 1 in NYSE & .57 to 1 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 22 in Nasdaq
VIX UP 4.08% @ 15.82
Oil @ $48.08
Gold @ $1251.50
Stocks which were UP 1% or more included CMG JKS
PANW SPLK SPWR AAPL QRVO NFLX CSIQ
SWN SSYS FEYE FSLR MU SINA AMCC
OLED CRUS WYNN TRIP MLNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE tried to beat negativity due to oil being lower & Fed interest rate increase fear, but by close gave up gains and closed @ low of the day. Canada was closed due to holiday, thus volume was low. Hopefully we try to regroup and work towards a green close. Internals were mixed which is a good thing. We are trading in a tight range and eventually we break higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2048.04, low 2047.26, high 2055.58
RSI @ 46.15
CMF @ 0.011
Internals were :
Down volume led by 1.50 to 1 in NYSE & .57 to 1 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 22 in Nasdaq
VIX UP 4.08% @ 15.82
Oil @ $48.08
Gold @ $1251.50
Stocks which were UP 1% or more included CMG JKS
PANW SPLK SPWR AAPL QRVO NFLX CSIQ
SWN SSYS FEYE FSLR MU SINA AMCC
OLED CRUS WYNN TRIP MLNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE tried to beat negativity due to oil being lower & Fed interest rate increase fear, but by close gave up gains and closed @ low of the day. Canada was closed due to holiday, thus volume was low. Hopefully we try to regroup and work towards a green close. Internals were mixed which is a good thing. We are trading in a tight range and eventually we break higher.
BLOG does NOT give buy or sell.
Saleem
Indices UP .06% to .27%....NICE !!!!
Indices are UP despite strength in US$ and weakness in oil. Fed officials keep talking about raising interest rates on a daily basis to keep pressure on equities.All this is doing wonders for TAPE, its @ high of the day.
S&P 500 @ 2053.72, high 2055.58, low 2049.06
Internals are positive
Oil Down 38 cents
Gold Down 80 cents
Canadian $ Down 31 tick @ .6868
VIX UP 2.24% @ 15.54
In my portfolio:
Sold LULU @ $63.50
Bought ABX @ $17.85
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are UP
@ 2.26 following are red :
VRX CTRP LNG GOOG PCLN AMZN FB NTES
CTSH TSLA TCK MSFT ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2053.72, high 2055.58, low 2049.06
Internals are positive
Oil Down 38 cents
Gold Down 80 cents
Canadian $ Down 31 tick @ .6868
VIX UP 2.24% @ 15.54
In my portfolio:
Sold LULU @ $63.50
Bought ABX @ $17.85
Portfolio BIDU ABX CNQ CMG JKS JCP SBUX TWTR
Most stocks are UP
@ 2.26 following are red :
VRX CTRP LNG GOOG PCLN AMZN FB NTES
CTSH TSLA TCK MSFT ....
BLOG does NOT give buy or sell.
Saleem
Sunday, May 22, 2016
After 5 weeks of pullback, now what......
Indices were in a corrective mode for last 5 weeks, many issues impacted trading, first Yen surge, then oil climb, then oil pullback, then Fed interest hike fears......all that resulted in following :
S&P 500 lost from high to low 4.03%
Dow Jones lost from high to low 4.60%
Nasdaq lost from high to low 5.85%
Russell lost from high to low 6.06%
These are meaningful pullbacks and based on 5 week duration, it was the longest stretch of digestive phase.
Inflation worry, growth worry are the key catalyst for uncertainty......
World is adjusting to slow growth and minor uptick in inflation based on prices and wages.
In Asia, inflation is moderating in India & Pakistan, much lower than record inflation of several years or even decade.
TAPE has discounted current burning issue of Fed interest rate hike in June.
Expect a buy in anticipation and then further buy on the news.
Any jittery selling should be a strong buy
RSI in indices in mid 40's are in the lower end of the range, which should give comfort to traders and investors.
Oil & Gold has stabilised which confirms slight inflation and growth worldwide.
Expect major new inflow in the market....
Many doomsters will change their tune once we start moving higher and make new highs.
Exposure should be near high based on your own comfort level.
Good luck with your own analysis.
BLOG does NOT give buy or sell.
Saleem
S&P 500 lost from high to low 4.03%
Dow Jones lost from high to low 4.60%
Nasdaq lost from high to low 5.85%
Russell lost from high to low 6.06%
These are meaningful pullbacks and based on 5 week duration, it was the longest stretch of digestive phase.
Inflation worry, growth worry are the key catalyst for uncertainty......
World is adjusting to slow growth and minor uptick in inflation based on prices and wages.
In Asia, inflation is moderating in India & Pakistan, much lower than record inflation of several years or even decade.
TAPE has discounted current burning issue of Fed interest rate hike in June.
Expect a buy in anticipation and then further buy on the news.
Any jittery selling should be a strong buy
RSI in indices in mid 40's are in the lower end of the range, which should give comfort to traders and investors.
Oil & Gold has stabilised which confirms slight inflation and growth worldwide.
Expect major new inflow in the market....
Many doomsters will change their tune once we start moving higher and make new highs.
Exposure should be near high based on your own comfort level.
Good luck with your own analysis.
BLOG does NOT give buy or sell.
Saleem
Friday, May 20, 2016
Indices closed UP .38% to 1.21%....NICE !!!!
Indices closed UP after two days of intense selling. Fed June hike is already priced in, thus a rally today, indices closed near upper end of the trading range.
S&P 500 @ 2052.32, high 2058.35, low 2041.88
RSI @ 47.53
CMF @ 0.074
Internals were :
UP volume led by 3.03 to 1 in NYSE & 3.79 to 1 in Nasdaq
Advancing stocks led by 4.22 to 1 in NYSE & 3.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & flat in Nasdaq
VIX Down 6.92% @ 15.20
Oil @ $47.75
Gold @ $1252.90
Canadian $ .6864
Stocks which were UP 2% or more included JKS LULU
VRX LNG NXPI SPLK SPWR QRVO NTES NFLX
COH TSLA CSIQ TK SSYS RIG FEYE YELP
AMCC LRCX DATA SWIR TRIP ....
Here is my weighting :
CMG 23.64%
BIDU 20.85%
LULU 13.68%
CNQ 13.40%
TWTR 8.21%
JKS 7.69%
JCP 6.78%
SBUX 5.75%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2052.32, high 2058.35, low 2041.88
RSI @ 47.53
CMF @ 0.074
Internals were :
UP volume led by 3.03 to 1 in NYSE & 3.79 to 1 in Nasdaq
Advancing stocks led by 4.22 to 1 in NYSE & 3.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & flat in Nasdaq
VIX Down 6.92% @ 15.20
Oil @ $47.75
Gold @ $1252.90
Canadian $ .6864
Stocks which were UP 2% or more included JKS LULU
VRX LNG NXPI SPLK SPWR QRVO NTES NFLX
COH TSLA CSIQ TK SSYS RIG FEYE YELP
AMCC LRCX DATA SWIR TRIP ....
Here is my weighting :
CMG 23.64%
BIDU 20.85%
LULU 13.68%
CNQ 13.40%
TWTR 8.21%
JKS 7.69%
JCP 6.78%
SBUX 5.75%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, May 19, 2016
Indices closed down .37% to .56%.......
Indices closed down.
S&P 500 @ 2040.04, low 2025.91, high 2044.21
RSI @ 42.98
CMF @ 0.092
Internals were :
Down volume led by 1.82 to 1 in NYSE & Nasdaq ( typo)
Declining stocks led by 2.53 to 1 in NYSE & 2.33 to 1 in Nasdaq
Net new 52 wk lows were leading by 17 in NYSE & 72 in Nasdaq
VIX UP 2.38% @ 16.33
Oil @ $48.16
Gold @ $1254.80
AH ER....AMAT UP 8.49%, SOHU UP 3.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE faced selling from open but again pared its losses and closed near high of the day. Fed policy has taken centre stage and we had volatility to reflect their upcoming decision.. Strange TAPE action today, gold was sharply lower but gold stocks celebrated with green close. Earnings are giving positive surprises WMT gained in sales when AMZN was conquering the world.AH is looking good for Friday's green TAPE. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2040.04, low 2025.91, high 2044.21
RSI @ 42.98
CMF @ 0.092
Internals were :
Down volume led by 1.82 to 1 in NYSE & Nasdaq ( typo)
Declining stocks led by 2.53 to 1 in NYSE & 2.33 to 1 in Nasdaq
Net new 52 wk lows were leading by 17 in NYSE & 72 in Nasdaq
VIX UP 2.38% @ 16.33
Oil @ $48.16
Gold @ $1254.80
AH ER....AMAT UP 8.49%, SOHU UP 3.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE faced selling from open but again pared its losses and closed near high of the day. Fed policy has taken centre stage and we had volatility to reflect their upcoming decision.. Strange TAPE action today, gold was sharply lower but gold stocks celebrated with green close. Earnings are giving positive surprises WMT gained in sales when AMZN was conquering the world.AH is looking good for Friday's green TAPE. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Indices down .40% to .66%.....
Indices are recovering nicely from lows of the day, volatility is extreme everyday but by end of the day almost unchanged. US$ strong and gold / oil sharply lower earlier but oil has erased most of the loss
S&P 500 @ 2039.05, low 2025.91, high 2044.21
Internals are negative by more than 2 to 1
Oil Down 14 cents
Gold Down $19.20
Canadian $ Down 51 tick @ .6917
VIX UP 4.76% @ 16.71
Portfolio BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are down.
@ 2.36 following are green :
CMG JKS LULU JCP TWTR ABX PANW SPLK GG
COH TSLA DNKN SWN VDSI M UA TCK SLW
AEM.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2039.05, low 2025.91, high 2044.21
Internals are negative by more than 2 to 1
Oil Down 14 cents
Gold Down $19.20
Canadian $ Down 51 tick @ .6917
VIX UP 4.76% @ 16.71
Portfolio BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are down.
@ 2.36 following are green :
CMG JKS LULU JCP TWTR ABX PANW SPLK GG
COH TSLA DNKN SWN VDSI M UA TCK SLW
AEM.......
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 18, 2016
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2047.63, high 2060.61, low 2034.49
RSI @ 45.23
CMF @ 0.032
Internals were :
Down volume led by 1.93 to 1 in NYSE & .58 to 1 in Nasdaq
Declining stocks led by 1.91 to 1 in NYSE & .72 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 33 in Nasdaq
VIX UP 2.44% @ 15.95
Oil @ $48.19
Gold @ $1274.70
AH ER.......CSCO UP 5.65%, CRM UP 6.07%
URBN UP 7.16%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed minutes have spoken and market yawned by close as we were oversold already. June increase is already discounted by today's TAPE action.Nasdaq & S&P 500 closed green and internals in Nasdaq was super impressive by close. @ 45 RSI we are near low and we should work our way higher. Stay with high comfort strong stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2047.63, high 2060.61, low 2034.49
RSI @ 45.23
CMF @ 0.032
Internals were :
Down volume led by 1.93 to 1 in NYSE & .58 to 1 in Nasdaq
Declining stocks led by 1.91 to 1 in NYSE & .72 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 33 in Nasdaq
VIX UP 2.44% @ 15.95
Oil @ $48.19
Gold @ $1274.70
AH ER.......CSCO UP 5.65%, CRM UP 6.07%
URBN UP 7.16%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Fed minutes have spoken and market yawned by close as we were oversold already. June increase is already discounted by today's TAPE action.Nasdaq & S&P 500 closed green and internals in Nasdaq was super impressive by close. @ 45 RSI we are near low and we should work our way higher. Stay with high comfort strong stocks.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Fed minutes caused stocks to give up gains and slipped into red,only Nasdaq is barely green. Minutes revealed that Fed wants to increase interest rates in June IF all data points to inflation, job growth and stronger economic data, all are subjective and may not fully align with their definition.
S&P 500 @ 2037.50, low 2036.66, high 2060.61
Internals are mixed
Oil Down 8 cents
Gold Down $12.20
Canadian $ Down 1.01 @ .6994
VIX UP 2.31% @ 15.93.....quite tame reaction????
Portfolio BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are down
@ 2.35 following are green :
PANW NXPI SPLK AAPL QRVO V NFLX TSLA EBAY
FFIV FSLR MU AMCC CIEN LRCX MSFT CRUS
DATA SWIR CSOD MS GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2037.50, low 2036.66, high 2060.61
Internals are mixed
Oil Down 8 cents
Gold Down $12.20
Canadian $ Down 1.01 @ .6994
VIX UP 2.31% @ 15.93.....quite tame reaction????
Portfolio BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are down
@ 2.35 following are green :
PANW NXPI SPLK AAPL QRVO V NFLX TSLA EBAY
FFIV FSLR MU AMCC CIEN LRCX MSFT CRUS
DATA SWIR CSOD MS GS.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 17, 2016
Indices closed down .94% to 1.25%.....
Indices closed down.
S&P 500 @ 2047.21, low 2040.82, high 2065.69
RSI @ 45.09
CMF @ 0.023
Internals were :
Down volume led by 1.64 to 1 in NYSE & 2.45 to 1 in Nasdaq
Declining stocks led by 1.82 to 1 in NYSE & 2.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & lows by 49 in Nasdaq
VIX UP 6.06% @ 15.57
Oil @ $48.31
Gold @ $1276.90
AH ER......BID Down 6.27%, VIPS Down 11.54%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under pressure from open and closed near low of the day, popular theory is that Fed has found 1 reason to hike rates in few days, too simplistic for my comfort, Fed is looking @ series of overall data before they can decide or make a sound judgment. In the meantime look @ your picks or potential picks in this volatile stock market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2047.21, low 2040.82, high 2065.69
RSI @ 45.09
CMF @ 0.023
Internals were :
Down volume led by 1.64 to 1 in NYSE & 2.45 to 1 in Nasdaq
Declining stocks led by 1.82 to 1 in NYSE & 2.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & lows by 49 in Nasdaq
VIX UP 6.06% @ 15.57
Oil @ $48.31
Gold @ $1276.90
AH ER......BID Down 6.27%, VIPS Down 11.54%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under pressure from open and closed near low of the day, popular theory is that Fed has found 1 reason to hike rates in few days, too simplistic for my comfort, Fed is looking @ series of overall data before they can decide or make a sound judgment. In the meantime look @ your picks or potential picks in this volatile stock market.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.10% to 1.25%.....
Indices are sharply lower on no real news, oil is UP and Gold is UP. Indices are @ low of the day.
S&P 500 @ 2043.81, low 2043.11, high 2065.69
Internals are negative by 2 to 1
Oil UP 37 cents
Gold UP $2.80
Canadian $ Down 17 tick @ .7099
VIX UP 6.47% @ 15.63
BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are down
@ 2.30 following are green :
BIDU CNQ CMG LULU TWTR VRX ABX SPLK
NTES COH QRVO SINA SWN TK SSYS RIG
FEYE BABA CIEN TCK SLW AEM AGU
WYNN TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2043.81, low 2043.11, high 2065.69
Internals are negative by 2 to 1
Oil UP 37 cents
Gold UP $2.80
Canadian $ Down 17 tick @ .7099
VIX UP 6.47% @ 15.63
BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are down
@ 2.30 following are green :
BIDU CNQ CMG LULU TWTR VRX ABX SPLK
NTES COH QRVO SINA SWN TK SSYS RIG
FEYE BABA CIEN TCK SLW AEM AGU
WYNN TRIP MLNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, May 16, 2016
Indices closed UP .98% to 1.22%....NICE !!!!
Indices closed UP.
S&P 500 @ 2066.66, high 2071.88, low 2046.53
RSI @ 51.01
CMF @ 0.072
Internals were :
UP volume led by 5.17 to 1 in NYSE & 2.76 to 1 in Nasdaq
Advancing stocks led by 3.32 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 153 in NYSE & lows by 23 in Nasdaq
VIX Down 2.39% @ 14.68
Oil @ $47.72
Gold @ $1274.20
Stocks which were UP 2% or more included BIDU CNQ
NTES VRX ABX CTRP LNG PANW NXPI SPLK
AAPL GG CSIQ YHOO SU RIG FEYE BABA
AMCC.....
AH ER....MGA Down 9.39%, MTH UP 3.15%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong on oversold condition and oil being sharply higher. AAPL major buying propelled whole tech sector. Internals are looking strong. TAPE is extremely volatile, strategic buying and selling is the way to go. Diversification does help with volatility. Buy stocks with very high comfort level with good chart pattern.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2066.66, high 2071.88, low 2046.53
RSI @ 51.01
CMF @ 0.072
Internals were :
UP volume led by 5.17 to 1 in NYSE & 2.76 to 1 in Nasdaq
Advancing stocks led by 3.32 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 153 in NYSE & lows by 23 in Nasdaq
VIX Down 2.39% @ 14.68
Oil @ $47.72
Gold @ $1274.20
Stocks which were UP 2% or more included BIDU CNQ
NTES VRX ABX CTRP LNG PANW NXPI SPLK
AAPL GG CSIQ YHOO SU RIG FEYE BABA
AMCC.....
AH ER....MGA Down 9.39%, MTH UP 3.15%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong on oversold condition and oil being sharply higher. AAPL major buying propelled whole tech sector. Internals are looking strong. TAPE is extremely volatile, strategic buying and selling is the way to go. Diversification does help with volatility. Buy stocks with very high comfort level with good chart pattern.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.16% to 1.42%.....NICE !!!!
Indices are rocketing UP and @ its high of the day as oil is sharply higher.US$ is also weaker which is helping commodities & its stocks.
S&P 500 @ 2070.13, high 2070.42, low 2046.53
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.43
Gold UP 50 cents
Canadian $ UP 44 tick @ .7104
VIX Down 4.12% @ 14.42
In my portfolio :
Sold NTES $160.25
Bought LULU @ $60.99
Added 50% CMG @ $441.00
Portfolio BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are UP
@ 2.30 following are red :
CMG LULU JCP SBUX VRX FB DNKN CHK M
LRCX YELP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.13, high 2070.42, low 2046.53
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.43
Gold UP 50 cents
Canadian $ UP 44 tick @ .7104
VIX Down 4.12% @ 14.42
In my portfolio :
Sold NTES $160.25
Bought LULU @ $60.99
Added 50% CMG @ $441.00
Portfolio BIDU CNQ CMG JKS LULU JCP SBUX TWTR
Most stocks are UP
@ 2.30 following are red :
CMG LULU JCP SBUX VRX FB DNKN CHK M
LRCX YELP......
BLOG does NOT give buy or sell.
Saleem
Sunday, May 15, 2016
Bulls missing from action ?
Latest data from AAII is giving a clear picture of what is going on in this TAPE......
Bulls have panicked and jumped ship.....
Bulls are @ only 19.2%......
80% ++ bears and neutral.....
This is the most lopsided reading since March 2009......
Any number of 70 or more combined is considered extremely bullish
We all know what was happening in March 2009......we hit the lowest point in decade.....
Thus bulls missing is a good thing......
We may be on the verge of another "monster rally"
This is the-most contrary indicator which real bulls or gutsy traders can rely on.....
@ or near bottom, everyone is sure that there is no support in this TAPE.....that is when everything turns UP for no apparent reason except being overly pessimistic......
Nasdaq RSI @ 39.55 is flashing oversold condition....
Selling has been brutal in Nasdaq and money has flowed out in a hurry, thanks to AAPL CMF is barely green @ 0.003......
Retail is slowing but not disappearing, AMZN has a fraction of that business, they are not cheapest in every category, i shop @ AMZN for few things only, rest is touch and feel @ sale prices.
I expect a rally which everyone will expect it to fail, but it should keep going with few pullbacks.
@ this stage exposure should be increased or @ maximum based on comfort level.
Good luck with your own analysis and strategy.
BLOG does NOT give buy or sell.
Saleem
Bulls have panicked and jumped ship.....
Bulls are @ only 19.2%......
80% ++ bears and neutral.....
This is the most lopsided reading since March 2009......
Any number of 70 or more combined is considered extremely bullish
We all know what was happening in March 2009......we hit the lowest point in decade.....
Thus bulls missing is a good thing......
We may be on the verge of another "monster rally"
This is the-most contrary indicator which real bulls or gutsy traders can rely on.....
@ or near bottom, everyone is sure that there is no support in this TAPE.....that is when everything turns UP for no apparent reason except being overly pessimistic......
Nasdaq RSI @ 39.55 is flashing oversold condition....
Selling has been brutal in Nasdaq and money has flowed out in a hurry, thanks to AAPL CMF is barely green @ 0.003......
Retail is slowing but not disappearing, AMZN has a fraction of that business, they are not cheapest in every category, i shop @ AMZN for few things only, rest is touch and feel @ sale prices.
I expect a rally which everyone will expect it to fail, but it should keep going with few pullbacks.
@ this stage exposure should be increased or @ maximum based on comfort level.
Good luck with your own analysis and strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, May 13, 2016
Indices closed down .41% to 1.05%....
Indices closed down on lower oil & higher US$. All indices are below 50 DMA, Nasdaq below 50 & 200 DMA.
S&P 500 @ 2046.61, low 2043.13, high 2066.79
RSI @ 43.96
CMF @ 0.088
Internals were :
Down volume led by 4.46 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & lows by 44 in Nasdaq
VIX UP 4.37% @ 15.04
Oil @ $46.21
Gold @ $1272.70
Canadian $ @ .7060 US$
Stocks which closed UP includedCMG NTES TWTR
VRX ABX PANW SPWR AAPL CTSH LNKD
NFLX TSLA EBAY FFIV SSYS FEYE WB
YELP AAL SLW AEM DATA TRIP
MLNX....
Here is my weighting :
BIDU 20.48%
NTES 19.67%
CMG 16.79%
CNQ 13.87%
TWTR 8.39%
JKS 7.71%
JCP 6.95%
SBUX 6.14%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2046.61, low 2043.13, high 2066.79
RSI @ 43.96
CMF @ 0.088
Internals were :
Down volume led by 4.46 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & lows by 44 in Nasdaq
VIX UP 4.37% @ 15.04
Oil @ $46.21
Gold @ $1272.70
Canadian $ @ .7060 US$
Stocks which closed UP includedCMG NTES TWTR
VRX ABX PANW SPWR AAPL CTSH LNKD
NFLX TSLA EBAY FFIV SSYS FEYE WB
YELP AAL SLW AEM DATA TRIP
MLNX....
Here is my weighting :
BIDU 20.48%
NTES 19.67%
CMG 16.79%
CNQ 13.87%
TWTR 8.39%
JKS 7.71%
JCP 6.95%
SBUX 6.14%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, May 12, 2016
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2064.11, low 2053.13, high 2073.99
RSI @ 49.76
CMF @ 0.134
Internals were :
Down volume led by 1.51 to 1 in NYSE & 3.05 to 1 in Nasdaq
Declining stocks led by 1.06 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 98 in NYSE & lows by 73 in Nasdaq
VIX Down 1.91% @ 14.41
Oil @ $46.70
Gold @ $1271.20
AH ER.....DDS Down 5.18%, JWN Down 17.09%
NVDA UP 7.37%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was extremely unsettled did UP, Down,UP and mixed close. Oil was indecisive also whole day fluctuating from plus to minus to plus. There is lot of churning going on in most stocks where daily range is unbelievable UP 3% then Down 3% and then closing green, that was the story with NTES and many Chinese stocks today. Hedge funds seems to be controlling direction of stocks on an hourly basis. There is only a closing BLOG around 7 PM on Friday's
BLOG does NOT give buy or sell.
Saleem.
S&P 500 @ 2064.11, low 2053.13, high 2073.99
RSI @ 49.76
CMF @ 0.134
Internals were :
Down volume led by 1.51 to 1 in NYSE & 3.05 to 1 in Nasdaq
Declining stocks led by 1.06 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 98 in NYSE & lows by 73 in Nasdaq
VIX Down 1.91% @ 14.41
Oil @ $46.70
Gold @ $1271.20
AH ER.....DDS Down 5.18%, JWN Down 17.09%
NVDA UP 7.37%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was extremely unsettled did UP, Down,UP and mixed close. Oil was indecisive also whole day fluctuating from plus to minus to plus. There is lot of churning going on in most stocks where daily range is unbelievable UP 3% then Down 3% and then closing green, that was the story with NTES and many Chinese stocks today. Hedge funds seems to be controlling direction of stocks on an hourly basis. There is only a closing BLOG around 7 PM on Friday's
BLOG does NOT give buy or sell.
Saleem.
Indices are mixed.....
Indices are mixed after being sharply lower, oil was up @ open and indices opened up, but oil went down and indices tanked, now oil is green again and guess what, yes 2 out of 3 are green.
S&P 500 @ 2066.25, high 2073.99, low 2053.13
Internals are negative
Oil UP 39 cents
Gold Down $3.00
Canadian $ UP 23 tick @ .7175
VIX Down 3.13% @ 14.23
Portfolio BIDU CNQ CMG JKS NTES JCP SBUX TWTR
Most stocks are down
@ 2.39 following are green :
CNQ CMG NTES SBUX LNG GOOG PCLN AMZN FB
V MSFT YUM FFIV MCD UA ZG WYNN AGU.....
JCP reports before open on Friday, following are expectations :
Q1 Sales $2.92 billion, EPS loss of 38 cents
Guidance Q2 Sales $2.95 billion, EPS loss 11 cents
This is a battleground for JCP survival, i think it will and
may surprise with a beat on loss ie may lose less than expected....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2066.25, high 2073.99, low 2053.13
Internals are negative
Oil UP 39 cents
Gold Down $3.00
Canadian $ UP 23 tick @ .7175
VIX Down 3.13% @ 14.23
Portfolio BIDU CNQ CMG JKS NTES JCP SBUX TWTR
Most stocks are down
@ 2.39 following are green :
CNQ CMG NTES SBUX LNG GOOG PCLN AMZN FB
V MSFT YUM FFIV MCD UA ZG WYNN AGU.....
JCP reports before open on Friday, following are expectations :
Q1 Sales $2.92 billion, EPS loss of 38 cents
Guidance Q2 Sales $2.95 billion, EPS loss 11 cents
This is a battleground for JCP survival, i think it will and
may surprise with a beat on loss ie may lose less than expected....
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 11, 2016
Indices closed down .96% to 1.21%......
Indices closed down.
S&P 500 @ 2064.47, low 2064.46, high 2083.29
RSI @ 49.89
CMF @ 0.130
Internals were :
Down volume led by 1.77 to 1 in NYSE & 2.75 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 2.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & lows by 12 in Nasdaq
VIX UP 7.78% @ 14.69
Oil @ $46.23
Gold @ $1275.50
AH ER......SINA Down 3.87%, WB UP 3.51%
JACK UP 10.68%
NTES earnings report was a beat in Sales actual $1.228 billion vs expected $1.2 billion and huge beat in Q1 EPS Actual $3.12 vs expected $2.29, guidance for Q2 to be given @ conference call tonight @ 9PM.
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was sharply lower @ close ignoring oil being UP and US$ being down, both positive influence in past. TAPE was fixated on DIS & M and that is all that mattered. This TAPE lacks consistency now vs previous predictability based on oil & US$. Most Chinese internet earnings are positive which should give a boost to their share price on Thursday's trading.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2064.47, low 2064.46, high 2083.29
RSI @ 49.89
CMF @ 0.130
Internals were :
Down volume led by 1.77 to 1 in NYSE & 2.75 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 2.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & lows by 12 in Nasdaq
VIX UP 7.78% @ 14.69
Oil @ $46.23
Gold @ $1275.50
AH ER......SINA Down 3.87%, WB UP 3.51%
JACK UP 10.68%
NTES earnings report was a beat in Sales actual $1.228 billion vs expected $1.2 billion and huge beat in Q1 EPS Actual $3.12 vs expected $2.29, guidance for Q2 to be given @ conference call tonight @ 9PM.
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was sharply lower @ close ignoring oil being UP and US$ being down, both positive influence in past. TAPE was fixated on DIS & M and that is all that mattered. This TAPE lacks consistency now vs previous predictability based on oil & US$. Most Chinese internet earnings are positive which should give a boost to their share price on Thursday's trading.
BLOG does NOT give buy or sell.
Saleem
Indices down .50% to .80%.....
Oil is sharply higher but indices are going south and are @ low of the day, this decoupling to the negative side is troubling. US$ is also lower which used to be positive for this market......
S&P 500 @ 2072.39, low 2072.01, high 2083.29
Internals are mostly negative
Oil UP $1.50
Gold UP $10.60
Canadian $ UP 80 tick @ .7170
VIX UP 3.67% @ 14.13
Portfolio BIDU CNQ CMG JKS NTES JCP SBUX TWTR
Most stocks are down
@ 1.59 following are green :
CNQ JKS NTES TWTR ABX SPWR PCLN AMZN
TSLA CSIQ SINA SU CHK TK WB CIEN SLW
AEM DATA CSOD ZG.....
NTES reports after close, here are the expectations :
Q1 Sales 7.85 billion Yuan, EPS 14.92 Yuan
Guidance Q2 Sales 8.43 billion Yuan, EPS 14.92 Yuan
Expecting a solid beat......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2072.39, low 2072.01, high 2083.29
Internals are mostly negative
Oil UP $1.50
Gold UP $10.60
Canadian $ UP 80 tick @ .7170
VIX UP 3.67% @ 14.13
Portfolio BIDU CNQ CMG JKS NTES JCP SBUX TWTR
Most stocks are down
@ 1.59 following are green :
CNQ JKS NTES TWTR ABX SPWR PCLN AMZN
TSLA CSIQ SINA SU CHK TK WB CIEN SLW
AEM DATA CSOD ZG.....
NTES reports after close, here are the expectations :
Q1 Sales 7.85 billion Yuan, EPS 14.92 Yuan
Guidance Q2 Sales 8.43 billion Yuan, EPS 14.92 Yuan
Expecting a solid beat......
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 10, 2016
Indices closed UP 1.25% to 1.26%...NICE !!!!
Indices closed UP.
S&P 500 @ 2084.39, high 2084.87, low 2062.63
RSI @ 57.33
CMF @ 0.225
Internals were :
UP volume led by 4.92 to 1 in NYSE & 2.70 to 1 in Nasdaq
Advancing stocks led by 3.28 to 1 in NYSE & 1.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 246 in NYSE & lows by 4 in Nasdaq
VIX Down 6.45% @ 13.63
Oil @ $44.66
Gold @ $1264.80
Stocks which were UP 2% or more included CNQ JKS NTES TWTR
ABX GG LNG SPLK AMZN QRVO LVS WYNN NFLX EXPE
SU FFIV CHK SWN TK SSYS RIG FEYE WB MU AAL
AEM DATA SWIR CSOD MS GS ZG AGU TRIP.......
AH ER....DIS Down 5.39%, FOSL Down 30.8%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong on higher oil and closed @ high of the day, internals were strong. S&P 500 & Dow are maintaining golden cross and Nasdaq is getting ready to enter hopefully tomorrow which is long time coming.Most sector participated in this rally except few troubled retailer. With the momentum TAPE displayed today, we should have a confirmation of this rally.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2084.39, high 2084.87, low 2062.63
RSI @ 57.33
CMF @ 0.225
Internals were :
UP volume led by 4.92 to 1 in NYSE & 2.70 to 1 in Nasdaq
Advancing stocks led by 3.28 to 1 in NYSE & 1.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 246 in NYSE & lows by 4 in Nasdaq
VIX Down 6.45% @ 13.63
Oil @ $44.66
Gold @ $1264.80
Stocks which were UP 2% or more included CNQ JKS NTES TWTR
ABX GG LNG SPLK AMZN QRVO LVS WYNN NFLX EXPE
SU FFIV CHK SWN TK SSYS RIG FEYE WB MU AAL
AEM DATA SWIR CSOD MS GS ZG AGU TRIP.......
AH ER....DIS Down 5.39%, FOSL Down 30.8%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong on higher oil and closed @ high of the day, internals were strong. S&P 500 & Dow are maintaining golden cross and Nasdaq is getting ready to enter hopefully tomorrow which is long time coming.Most sector participated in this rally except few troubled retailer. With the momentum TAPE displayed today, we should have a confirmation of this rally.
BLOG does NOT give buy or sell.
Saleem
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