Indices closed UP.
S&P 500 @ 2098.85, high 2098.94, low 2070.00
RSI @ 54.77
CMF @ 0.062
Internals were :
UP volume led by 3.76 to 1 in NYSE & 4.13 to 1 in Nasdaq
Advancing stocks led by 3.85 to 1 in NYSE & 2.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 406 in NYSE & 78 in Nasdaq
VIX Down 6.07% @ 15.63
Oil @ $48.33
Gold @ $1320.60
Stocks which were UP 1% or more included NTES
SODA CTRP LNG GOOG SPWR AAPL LULU
GG ABX COH QRVO MSFT CSIQ YHOO
SINA EXPE SU FFIV SSYS RIG FEYE
WB BABA YELP MU OLED AAL
LRCX TCK SLW AEM CRUS
SWIR CSOD MS FCX ZG
GS AGU MLNX....
AH ER...MU Down 9.45%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was in super bullish mode and closed UP 3 days in a row, Indices closed @ high of the day missing the absolute highest level by fraction. Internals improved further. All indices closed above 50 & 200 DMA, a sign of strong technicals. Conviction and patience is paying off nicely. Canada is closed Friday for independence day. There is a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 30, 2016
Indices UP 1.06% to 1.24%....NICE !!!!
Indices are above key technical levels of above 50 DMA in all indices, Nasdaq is struggling to stay there. This uptrend continues when oil is down and US$ is higher, an unbuckling from those key factors.
S&P 500 @ 2093.51, high 2096.68, low 2070.00
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 63 cents
Gold Down $5.10
Canadian $ Down 45 tick @ .7026
VIX Down 3.79% @ 16.01
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.33 following are red :
CMG VRX PANW NXPI SPLK EGO KGC LVS V
LNKD DNKN MA CHK SWN TK DATA WYNN....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2093.51, high 2096.68, low 2070.00
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 63 cents
Gold Down $5.10
Canadian $ Down 45 tick @ .7026
VIX Down 3.79% @ 16.01
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.33 following are red :
CMG VRX PANW NXPI SPLK EGO KGC LVS V
LNKD DNKN MA CHK SWN TK DATA WYNN....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 29, 2016
Indices closed UP 1.64% to 1.86%....NICE !!!!
Indices closed UP.
S&P 500 @ 2070.77, high 2073.13, low 2042.69
RSI @ 49.52
CMF @ 0.046
Internals were :
UP volume led by 9.63 to 1 in NYSE & 4.75 to 1 in Nasdaq
Advancing stocks led by 6.09 to 1 in NYSE & 3.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 312 in NYSE & 11 in Nasdaq
VIX Down 11.25% @ 16.64
Oil @ $49.88
Gold @ $1326.90
Stocks which were UP 3% or more included
CNQ CMG NTES SBUX UA
LNG PANW SPLK SPWR QRVO
COH NFLX TSLA CHK TK SSYS RIG
FEYE YELP FSLR AAL TCK SLW CSOD
MGA ORCL ZG WYNN TRIP......
AH ER...PIR Down 6.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE had another strong day and closed near high of the day, internals were strong all over.Gold had the highest close since July 2014, almost 2 year high. S&P 500 & Dow are staring @ 50 DMA, they can take it out anytime with green TAPE. So we went from head & shoulder formation in S&P 500 to heading north in a hurry, so much for many formations. Most sectors participated in this rally. Stay with your high comfort stock, we may be celebrating 4th of July in a big way.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.77, high 2073.13, low 2042.69
RSI @ 49.52
CMF @ 0.046
Internals were :
UP volume led by 9.63 to 1 in NYSE & 4.75 to 1 in Nasdaq
Advancing stocks led by 6.09 to 1 in NYSE & 3.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 312 in NYSE & 11 in Nasdaq
VIX Down 11.25% @ 16.64
Oil @ $49.88
Gold @ $1326.90
Stocks which were UP 3% or more included
CNQ CMG NTES SBUX UA
LNG PANW SPLK SPWR QRVO
COH NFLX TSLA CHK TK SSYS RIG
FEYE YELP FSLR AAL TCK SLW CSOD
MGA ORCL ZG WYNN TRIP......
AH ER...PIR Down 6.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE had another strong day and closed near high of the day, internals were strong all over.Gold had the highest close since July 2014, almost 2 year high. S&P 500 & Dow are staring @ 50 DMA, they can take it out anytime with green TAPE. So we went from head & shoulder formation in S&P 500 to heading north in a hurry, so much for many formations. Most sectors participated in this rally. Stay with your high comfort stock, we may be celebrating 4th of July in a big way.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.47 % to 1.81%...NICE !!!!
Indices are sharply higher & @ high of the day, on renewed buying and technical picture improving after 2 days of sharp reversal, all sectors are participating, which is a strong sign of buy program.
S&P 500 @ 2069.66, high 2069.77, low 2042.69
Internals are positive by 6 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP $1.79
Gold UP $9.80
Canadian $ UP 48 tick @ .7027
VIX Down 11.09% @ 16.67
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.27 following are red :
SWN ......
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 28, 2016
Indices closed UP 1.57% to 2.12%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2036.09, high 2036.09, low 2006.67
RSI @ 41.77
CMF @ 0.033
Internals were :
UP volume led by 9.25 to 1 in NYSE & 9.00 to 1 in Nasdaq
Advancing stocks led by 6.00 to 1 in NYSE & 3.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & lows by 13 in Nasdaq
VIX Down 21.38% @ 18.75
Oil @ $47.85
Gold @ $1317.90
Stocks which were UP 2% or more included :
NTES JCP SBUX TWTR UA VRX
SODA CTRP LNG SPLK SPWR AMZN
QRVO FB SU JKS BIDU V COH LEN MSFT
NFLX CSIQ YHOO SINA DNKN EXPE CHK TK
SWN SSYS RIG FEYE BABA YELP FSLR CIEN MU
OLED AAL M LRCX TCK CRUS DATA SWIR MS FCX
ZG GS.......
AH ER....NKE Down 4.22%, AVAV Down 7.37%
AH Futures Down
AH Asian Markets UP
AH Oil UP & Gold UP
About market, TAPE was in overdrive and closed @ absolutely high of the day in S&P 500 & Dow, Nasdaq missed it by a single point. Dow & S&P 500 are above 200 DMA, Nasdaq still below 50 & 200 DMA. Internals were strong. Most sectors participated except gold & silver. IF we get a confirmation of this rally by another green close, then we are on strong technical ground. Patience & conviction paid off this time also.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2036.09, high 2036.09, low 2006.67
RSI @ 41.77
CMF @ 0.033
Internals were :
UP volume led by 9.25 to 1 in NYSE & 9.00 to 1 in Nasdaq
Advancing stocks led by 6.00 to 1 in NYSE & 3.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & lows by 13 in Nasdaq
VIX Down 21.38% @ 18.75
Oil @ $47.85
Gold @ $1317.90
Stocks which were UP 2% or more included :
NTES JCP SBUX TWTR UA VRX
SODA CTRP LNG SPLK SPWR AMZN
QRVO FB SU JKS BIDU V COH LEN MSFT
NFLX CSIQ YHOO SINA DNKN EXPE CHK TK
SWN SSYS RIG FEYE BABA YELP FSLR CIEN MU
OLED AAL M LRCX TCK CRUS DATA SWIR MS FCX
ZG GS.......
AH ER....NKE Down 4.22%, AVAV Down 7.37%
AH Futures Down
AH Asian Markets UP
AH Oil UP & Gold UP
About market, TAPE was in overdrive and closed @ absolutely high of the day in S&P 500 & Dow, Nasdaq missed it by a single point. Dow & S&P 500 are above 200 DMA, Nasdaq still below 50 & 200 DMA. Internals were strong. Most sectors participated except gold & silver. IF we get a confirmation of this rally by another green close, then we are on strong technical ground. Patience & conviction paid off this time also.
BLOG does NOT give buy or sell.
Saleem
Indices UP .84% to 1.46%....NICE !!!!
Indices are higher on deeply oversold condition, indices are below their high of the day.
S&P 500 @ 2020.41, high 2027.13, low 2006.67
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP $1.19
Gold Down $6.50
Canadian $ Down 2 tick @ .6927
VIX Down 16.06% @ 20.02
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.09 following are red :
EGO ABX KGC SLW AEM CSOD.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2020.41, high 2027.13, low 2006.67
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP $1.19
Gold Down $6.50
Canadian $ Down 2 tick @ .6927
VIX Down 16.06% @ 20.02
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.09 following are red :
EGO ABX KGC SLW AEM CSOD.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 27, 2016
Indices closed down 1.50% to 2.41%.......
Indices closed down.
S&P 500 @ 2000.54, low 1991.68, high 2031.45
RSI @ 31.81
CMF @ -0.018
Internals were :
Down volume led by 6.45 to 1 in NYSE & 12.18 to 1 in Nasdaq
Declining stocks led by 4.25 to 1 in NYSE & 5.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 7 in NYSE & lows by 180 in Nasdaq
VIX Down 7.41% @ 23.85
Oil @ $46.33
Gold @ $1324.70
AH futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under selling pressure from open and got a mini lift @ close. Internals were extremely negative which showed total capitulation. Selling looked washed out and close was not @ low of the day. Nasdaq felt the brunt of this selling losing 6.5% in 2 days, that used be a correction % stretched over several weeks. Today was a good opportunity to do selective buying. Expecting a green day for Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2000.54, low 1991.68, high 2031.45
RSI @ 31.81
CMF @ -0.018
Internals were :
Down volume led by 6.45 to 1 in NYSE & 12.18 to 1 in Nasdaq
Declining stocks led by 4.25 to 1 in NYSE & 5.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 7 in NYSE & lows by 180 in Nasdaq
VIX Down 7.41% @ 23.85
Oil @ $46.33
Gold @ $1324.70
AH futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under selling pressure from open and got a mini lift @ close. Internals were extremely negative which showed total capitulation. Selling looked washed out and close was not @ low of the day. Nasdaq felt the brunt of this selling losing 6.5% in 2 days, that used be a correction % stretched over several weeks. Today was a good opportunity to do selective buying. Expecting a green day for Tuesday.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.58% to 2.36%......
Indices are lower again and has taken out 200 DMA in S&P 500, banks worldwide are under pressure and UK is being downgraded by S&P to AA from AAA.
S&P 500 @ 1999.08, low 1991.72, high 2031.45 @ open.
Internals are negative by 5 to 1
Oil Down $1.81
Gold UP $5.50
Canadian $ Down 1.05 cent @ .6894
VIX Down 8.39% @ 23.60...strange but good for equities
In my portfolio ...tripled my position in NTES @ $168.12
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.08 following are green :
ABX TSLA SLW AEM......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1999.08, low 1991.72, high 2031.45 @ open.
Internals are negative by 5 to 1
Oil Down $1.81
Gold UP $5.50
Canadian $ Down 1.05 cent @ .6894
VIX Down 8.39% @ 23.60...strange but good for equities
In my portfolio ...tripled my position in NTES @ $168.12
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.08 following are green :
ABX TSLA SLW AEM......
BLOG does NOT give buy or sell.
Saleem
Sunday, June 26, 2016
Will 2020 hold in S&P 500 ?
So....here we are post Brexit, world indices were severely jolted crushing key technical levels, uptrend has changed into downtrend, technical damage / breakdown is done. Here are the current picture of 3 major indices :
Dow down 3.64% in one day
S&P 500 down 3.82% in one day
Nasdaq down 4.13% in one day
Above factoring low of the day .......
When was the last time you recall Nasdaq being down 202+ point in a single day, in one day Nasdaq went below 50 & 200 DMA.....
S&P 500 and Dow are still above 200 DMA......
S&P 500 support is around 2020 area and also 200 DMA.......the question of the day IS......will it hold....
There is a good chance that all indices may close / go below 200 DMA....then recovery starts, it could all happen on Monday by close......
Many economists are trying to come up with winners and losers in Brexit......
UK is the-biggest loser as its currency Pound is under severe pressure which currently stands @ 1.3695 after going to 1.32 to US$...this is 52 wk low and high is 1.58.....
London real estate may be the next pressure point to the downside......
Europe may be the next casualty as evidence by Euro which currently stands @ 1.1095 to US$, low on Friday , high is 1.17 as 52 wk tally.....
US, Canada, Asia may not be impacted too much, just an adjustment to new reality of Brexit and its related breakup format.
Gold jumped to $1322.40 @ close, but was as high as $1362.60, but gave up those gains.......
VIX jumped to 25.76, high was 26.24........
Rational and analytical mind tells me that it was all a "major overreaction"
Friday being weekly option expiry, gave all the incentive to push everything lower to the max.....
We may recoup part of loss in a hurry on Monday......
Hopefully my optimistic scenario may workout as Monday unfolds.
It is important to know, which sectors is in dire condition.....it is financial stocks......
As long as you can stay away from those, damage can be contained in a very irrational environment.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Dow down 3.64% in one day
S&P 500 down 3.82% in one day
Nasdaq down 4.13% in one day
Above factoring low of the day .......
When was the last time you recall Nasdaq being down 202+ point in a single day, in one day Nasdaq went below 50 & 200 DMA.....
S&P 500 and Dow are still above 200 DMA......
S&P 500 support is around 2020 area and also 200 DMA.......the question of the day IS......will it hold....
There is a good chance that all indices may close / go below 200 DMA....then recovery starts, it could all happen on Monday by close......
Many economists are trying to come up with winners and losers in Brexit......
UK is the-biggest loser as its currency Pound is under severe pressure which currently stands @ 1.3695 after going to 1.32 to US$...this is 52 wk low and high is 1.58.....
London real estate may be the next pressure point to the downside......
Europe may be the next casualty as evidence by Euro which currently stands @ 1.1095 to US$, low on Friday , high is 1.17 as 52 wk tally.....
US, Canada, Asia may not be impacted too much, just an adjustment to new reality of Brexit and its related breakup format.
Gold jumped to $1322.40 @ close, but was as high as $1362.60, but gave up those gains.......
VIX jumped to 25.76, high was 26.24........
Rational and analytical mind tells me that it was all a "major overreaction"
Friday being weekly option expiry, gave all the incentive to push everything lower to the max.....
We may recoup part of loss in a hurry on Monday......
Hopefully my optimistic scenario may workout as Monday unfolds.
It is important to know, which sectors is in dire condition.....it is financial stocks......
As long as you can stay away from those, damage can be contained in a very irrational environment.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, June 24, 2016
Indices closed down 3.39% to 4.12%.....
Brexit leave vote took a toll on world markets, ironically FTSE was down only 3.15% vs European exchange STOXX down 6.70%, USA slump was in between. Oil tumbled but Gold & US$ took off.
S&P 500 @ 2037.30, low 2032.57, high 2103.81
RSI @ 38.06
CMF @ 0.070
Internals were :
Down volume led by 12.03 to 1 in NYSE & 8.15 to 1 in Nasdaq
Declining stocks led by 5.47 to 1 in NYSE & 5.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & lows by 76 in Nasdaq
VIX UP 49.33% @ 25.76
Oil @ $47.64
Gold @ $1322.40
Canadian $ @ .7048
Stocks which closed green included AUY GG ABX KGC SLW AEM
Here is my weighting :
CMG 21.51%
CNQ 19.27%
UA 14.72%
TWTR 14.71%
SBUX 8.81%
JCP 7.57%
VRX 7.25%
NTES 6.16%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2037.30, low 2032.57, high 2103.81
RSI @ 38.06
CMF @ 0.070
Internals were :
Down volume led by 12.03 to 1 in NYSE & 8.15 to 1 in Nasdaq
Declining stocks led by 5.47 to 1 in NYSE & 5.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & lows by 76 in Nasdaq
VIX UP 49.33% @ 25.76
Oil @ $47.64
Gold @ $1322.40
Canadian $ @ .7048
Stocks which closed green included AUY GG ABX KGC SLW AEM
Here is my weighting :
CMG 21.51%
CNQ 19.27%
UA 14.72%
TWTR 14.71%
SBUX 8.81%
JCP 7.57%
VRX 7.25%
NTES 6.16%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, June 23, 2016
Indices closed UP 1.29% to 1.59%....NICE !!!!
Indices closed UP.
S&P 500 @ 2113.32, high 2113.32, low 2092.80
RSI @ 61.16
CMF @ 0.152
Internals were :
UP volume led by 9.19 to 1 in NYSE & 5.75 to 1 in Nasdaq
Advancing stocks led by 4.98 to 1 in NYSE & 3.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 67 in Nasdaq
VIX Down 18.52% @ 17.25
Oil @ $50.11
Gold @ $1263.10
Stocks which were UP 3% CNQ CMG NTES TWTR
LNG SPLK SPWR QRVO SU SINA SU SSYS
TK RIG FEYE VDSI YELP TCK CRUS
CSOD MS GS.......
AH ER...DLTR UP 2.19%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was on fire and closed @ absolute high of the day on optimism about stay voting.Internals were super strong. Early report tonight is putting a damper on stay vote as leave is showing early lead, US$ is strong, Gold is UP and oil is down. By open tomorrow we will have the final result which comes out @ around 2 AM. Friday there is a closing BLOG only around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2113.32, high 2113.32, low 2092.80
RSI @ 61.16
CMF @ 0.152
Internals were :
UP volume led by 9.19 to 1 in NYSE & 5.75 to 1 in Nasdaq
Advancing stocks led by 4.98 to 1 in NYSE & 3.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 67 in Nasdaq
VIX Down 18.52% @ 17.25
Oil @ $50.11
Gold @ $1263.10
Stocks which were UP 3% CNQ CMG NTES TWTR
LNG SPLK SPWR QRVO SU SINA SU SSYS
TK RIG FEYE VDSI YELP TCK CRUS
CSOD MS GS.......
AH ER...DLTR UP 2.19%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was on fire and closed @ absolute high of the day on optimism about stay voting.Internals were super strong. Early report tonight is putting a damper on stay vote as leave is showing early lead, US$ is strong, Gold is UP and oil is down. By open tomorrow we will have the final result which comes out @ around 2 AM. Friday there is a closing BLOG only around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .93% to 1.16%......NICE !!!!
Indices are sharply higher on Brexit poll as stay vote is expected to win.
S&P 500 @ 2104.76, high 2107.68, low 2092.80
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP 49 cents
Gold Down $6.20
Canadian $ UP 54 tick @ .7212
VIX Down 12% @ 18.63
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are higher
@ 2.24 following are red :
SODA GOOG AUY GG ABX KGC TSLA FSLR AEM.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2104.76, high 2107.68, low 2092.80
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP 49 cents
Gold Down $6.20
Canadian $ UP 54 tick @ .7212
VIX Down 12% @ 18.63
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are higher
@ 2.24 following are red :
SODA GOOG AUY GG ABX KGC TSLA FSLR AEM.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 22, 2016
Indices closed down .17% to .27%......
Indices closed lower.
S&P 500 @ 2085.45, low 2084.36, high 2099.71
RSI @ 51.05
CMF @ 0.130
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 114 in NYSE & 14 in Nasdaq
VIX UP 14.56% @ 21.17
Oil @ $49.13
Gold @ $1270.00
AH ER...BBBY Down 4.26%, RHT Down 6.71%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed near low of the day, as jitters developed into close about Brexit. Based on futures and latest polls showing stay in EU has the lead, this victory could trigger a huge rally. Most sectors were weak into close and VIX shot UP to highest level of 2016. In crisis patience and conviction is required, which should pay off nicely in this scenario also.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2085.45, low 2084.36, high 2099.71
RSI @ 51.05
CMF @ 0.130
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 114 in NYSE & 14 in Nasdaq
VIX UP 14.56% @ 21.17
Oil @ $49.13
Gold @ $1270.00
AH ER...BBBY Down 4.26%, RHT Down 6.71%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed near low of the day, as jitters developed into close about Brexit. Based on futures and latest polls showing stay in EU has the lead, this victory could trigger a huge rally. Most sectors were weak into close and VIX shot UP to highest level of 2016. In crisis patience and conviction is required, which should pay off nicely in this scenario also.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after being higher from open. Its crunch time for Brexit as they are getting ready for vote Thursday their time.Oil turned lower and markets followed, trying to unbuckle on Brexit expectations of stay in EU vote.
S&P 500 @ 2091.15, high 2099.71, low 2085.68
Internals are mostly negative
Oil Down $1.25
Gold Down $4.90
Canadian $ Down 25 tick @ .7160
VIX UP 6.44% @ 19.67
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.13 following are green :
CMG NTES VRX CTRP LNG NXPI GOOG PCLN
GG ABX AUY SINA EXPE LRCX SWIR MS....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2091.15, high 2099.71, low 2085.68
Internals are mostly negative
Oil Down $1.25
Gold Down $4.90
Canadian $ Down 25 tick @ .7160
VIX UP 6.44% @ 19.67
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.13 following are green :
CMG NTES VRX CTRP LNG NXPI GOOG PCLN
GG ABX AUY SINA EXPE LRCX SWIR MS....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 21, 2016
Indices closed UP .14% to .27%....NICE !!!!
Indices closed UP.
S&P 500 @ 2088.90, high 2093.66,low 2083.02
RSI @ 52.62
CMF @ 0.205
Internals were :
UP volume led by 1.62 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & .74 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & lows by 4 in Nasdaq
VIX UP .60% @ 18.48
Oil @ $48.85
Gold @ $1272.50
AH ER...ADBE Down 4.75%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE closed @ mid point, which is a victory considering all the negativity and oil being lower. Market is trying to look beyond Brexit which is a good thing. Internals were mixed and gold took it on the chin, oil stocks were higher despite lower oil. Brexit polls will be in sharp focus in next 48 hours. Diversified portfolio is the best bet when things are uncertain.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2088.90, high 2093.66,low 2083.02
RSI @ 52.62
CMF @ 0.205
Internals were :
UP volume led by 1.62 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & .74 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & lows by 4 in Nasdaq
VIX UP .60% @ 18.48
Oil @ $48.85
Gold @ $1272.50
AH ER...ADBE Down 4.75%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE closed @ mid point, which is a victory considering all the negativity and oil being lower. Market is trying to look beyond Brexit which is a good thing. Internals were mixed and gold took it on the chin, oil stocks were higher despite lower oil. Brexit polls will be in sharp focus in next 48 hours. Diversified portfolio is the best bet when things are uncertain.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed in a very narrow range as US$ moves UP and oil lower / gold tumbles.Its all about Brexit and it wont be over until Friday. Janet Yellen in her testimony saying the same things as before.
S&P 500 @ 2089.33, high 2091.01, low 2083.02
Internals are mixed, NYSE positive and Nasdaq negative
Oil Down 53 cents
Gold Down $18.50
Canadian $ UP 13 tick @ .7210
VIX UP .44% @ 18.45
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are lower
@ 2.19 following are green :
CNQ NTES SBUX UA TZA CTRP SPLK AAPL FB
SU LVS COH MSFT SWN RIG BABA MU AAL
CRUS ORCL MS WYNN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2089.33, high 2091.01, low 2083.02
Internals are mixed, NYSE positive and Nasdaq negative
Oil Down 53 cents
Gold Down $18.50
Canadian $ UP 13 tick @ .7210
VIX UP .44% @ 18.45
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are lower
@ 2.19 following are green :
CNQ NTES SBUX UA TZA CTRP SPLK AAPL FB
SU LVS COH MSFT SWN RIG BABA MU AAL
CRUS ORCL MS WYNN.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 20, 2016
Indices closed UP .58% to .77%....NICE !!!!
Indices closed UP.
S&P 500 @ 2083.25, high 2100.66, low 2075.58
RSI @ 50.29
CMF @ 0.164
Internals were :
UP volume led by 4.21 to 1 in NYSE & 2.47 to 1 in Nasdaq
Advancing stocks led by 3.46 to 1 in NYSE & 2.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 173 in NYSE & 34 in Nasdaq
VIX Down 5.36% @ 18.37
Oil @ $49.37
Gold @ $1290.10
Stocks which were UP 2% or more included CNQ UA VRX
CTRP LNG PCLN QRVO BIDU CTSH CSIQ EXPE
EBAY CHK SWN WB YELP TCK CRUS MS
CSOD FCX ZG TRIP......
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE celebrated Brexit poll to stay in EU, Europe was UP 3% to 3.5% on that poll, but we were UP only .77% max, this lukewarm reaction is very surprising. Indices closed near lower half, internals were much stronger than indices, S&P 500 & Dow closed above 50 DMA and Nasdaq closed above 200 DMA. US$ was weak, which gave a lift to oil. We will stay hostage to Brexit sentiment and polls until Friday result.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2083.25, high 2100.66, low 2075.58
RSI @ 50.29
CMF @ 0.164
Internals were :
UP volume led by 4.21 to 1 in NYSE & 2.47 to 1 in Nasdaq
Advancing stocks led by 3.46 to 1 in NYSE & 2.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 173 in NYSE & 34 in Nasdaq
VIX Down 5.36% @ 18.37
Oil @ $49.37
Gold @ $1290.10
Stocks which were UP 2% or more included CNQ UA VRX
CTRP LNG PCLN QRVO BIDU CTSH CSIQ EXPE
EBAY CHK SWN WB YELP TCK CRUS MS
CSOD FCX ZG TRIP......
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE celebrated Brexit poll to stay in EU, Europe was UP 3% to 3.5% on that poll, but we were UP only .77% max, this lukewarm reaction is very surprising. Indices closed near lower half, internals were much stronger than indices, S&P 500 & Dow closed above 50 DMA and Nasdaq closed above 200 DMA. US$ was weak, which gave a lift to oil. We will stay hostage to Brexit sentiment and polls until Friday result.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.06% to 1.38%....NICE !!!!
Indices are higher on Brexit non-happening, oil is up which is giving further optimism.
S&P 500 @ 2091.40, high 2100.66, low 2075.58
Internals are positive by 4 to 1
Oil UP $1.12
Gold Down $3.60
Canadian $ UP 81 tick @ .7189
VIX Down 9.53% @ 17.56
In my portfolio ..Added 30% CNQ @ $29.95
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
2.27 following are red :
TZA ABX GG KGC LVS DNKN TK WYNN
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 2091.40, high 2100.66, low 2075.58
Internals are positive by 4 to 1
Oil UP $1.12
Gold Down $3.60
Canadian $ UP 81 tick @ .7189
VIX Down 9.53% @ 17.56
In my portfolio ..Added 30% CNQ @ $29.95
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
2.27 following are red :
TZA ABX GG KGC LVS DNKN TK WYNN
BLOG does NOT give buy or sell
Saleem
Sunday, June 19, 2016
Another uncertain week for markets.....
This week we have Brexit voting on Thursday, results of which will impact world markets on Friday. Polls have been volatile and currently both yes and no are even. IF no vote wins, world markets will rally, IF yes wins, we may have further down move.
Indices in US are below 50 DMA, but Nasdaq is below 50 & 200 DMA.......
Fang is showing renewed weakness and some are breaking down technically, AAPL is trending lower also.
Brexit polls will dictate movement in World Markets....
India which is growing its GDP @ brisk rate of 7.5% predicted vs 7.3 actual of last quarter, is having challenges of its own, its Central Bank Chief resigned after market closed, after only 1 term, a rarity.
Chinese GDP which is slowing down and currently @ 6.7% has its own challenges.....
SO...we are entering another challenging week based on British exit or stay polls.....
In the meantime, we are better off waiting for Friday for any new moves.......
Gold is @ its highest level in 3 months and has become a hedge play for uncertainty.
Oil is trying to come out of corrective phase BUT US$ strength may curtail any move higher.
SO..it is a wait and see week in world markets, it is important to maintain exposure in strong and high comfort stocks.....
Weakness may bring opportunity is some stocks, but it must be cross checked with technical picture in terms of support and resistance.
Nasdaq RSI is the weakest @ 40.82, but others are in mid 40's also....not a picture of strength @ all.
Good luck with your own analysis and expectations.
BLOG does NOT give buy or sell.
Saleem
Indices in US are below 50 DMA, but Nasdaq is below 50 & 200 DMA.......
Fang is showing renewed weakness and some are breaking down technically, AAPL is trending lower also.
Brexit polls will dictate movement in World Markets....
India which is growing its GDP @ brisk rate of 7.5% predicted vs 7.3 actual of last quarter, is having challenges of its own, its Central Bank Chief resigned after market closed, after only 1 term, a rarity.
Chinese GDP which is slowing down and currently @ 6.7% has its own challenges.....
SO...we are entering another challenging week based on British exit or stay polls.....
In the meantime, we are better off waiting for Friday for any new moves.......
Gold is @ its highest level in 3 months and has become a hedge play for uncertainty.
Oil is trying to come out of corrective phase BUT US$ strength may curtail any move higher.
SO..it is a wait and see week in world markets, it is important to maintain exposure in strong and high comfort stocks.....
Weakness may bring opportunity is some stocks, but it must be cross checked with technical picture in terms of support and resistance.
Nasdaq RSI is the weakest @ 40.82, but others are in mid 40's also....not a picture of strength @ all.
Good luck with your own analysis and expectations.
BLOG does NOT give buy or sell.
Saleem
Friday, June 17, 2016
Indices closed down .33% to .92%.....
Indices closed down despite oil being higher and US$ being lower,
S&P 500 @ 2071.22, low 2062.84, high 2078.20
RSI @ 44.94
CMF @ 0.198
Internals were :
UP volume led by 1.65 to 1 in NYSE & .80 to 1 in Nasdaq
Advancing stocks led by 1.59 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & lows by 5 in Nasdaq
VIX UP .21% @ 19.41
Oil @ $47.98
Gold @ $1294.80
Canadian $ @ .7122
Stocks which closed green CNQ CMG JCP TWTR UA
TZA LNG GG SU LVS WYNN COH LEN YUM
CHK SWN TK SSYS RIG MU AAL SODA
M TCK SWIR MGA ORCL MS FCX
ZG AGU......
Here is my weighting :
CMG 22.75%
UA 15.63%
TWTR 15.36%
CNQ 14.03%
SBUX 9.50%
VRX 8.41%
JCP 8.09%
NTES 6.23%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2071.22, low 2062.84, high 2078.20
RSI @ 44.94
CMF @ 0.198
Internals were :
UP volume led by 1.65 to 1 in NYSE & .80 to 1 in Nasdaq
Advancing stocks led by 1.59 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & lows by 5 in Nasdaq
VIX UP .21% @ 19.41
Oil @ $47.98
Gold @ $1294.80
Canadian $ @ .7122
Stocks which closed green CNQ CMG JCP TWTR UA
TZA LNG GG SU LVS WYNN COH LEN YUM
CHK SWN TK SSYS RIG MU AAL SODA
M TCK SWIR MGA ORCL MS FCX
ZG AGU......
Here is my weighting :
CMG 22.75%
UA 15.63%
TWTR 15.36%
CNQ 14.03%
SBUX 9.50%
VRX 8.41%
JCP 8.09%
NTES 6.23%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 16, 2016
Indices closed UP .21% to .53%.....NICE!!!!
Indices closed UP.
S&P 500 @ 2077.99, high 2079.62, low 2050.37
RSI @ 47.62
CMF @ 0.224
Internals were :
Down volume led by 1.26 to 1 in NYSE & .73 to 1 in Nasdaq
Declining stocks led by 1.05 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 64 in NYSE & lows by 30 in Nasdaq
VIX Down 3.82% @ 19.37
Gold @ $1298.40
AH ER...FNSR UP 10.18%, ORCL UP 1.97%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE started the same usual pattern of selling, then news broke of a killing in Brexit emotion, which halted campaign to honour the MP. This break in Brexit frenzy caused US$ to retreat and gold turned south, oil remained in slump. Market was deeply oversold and any news could have halted this slump. Hopefully oil has completed its retracement and its on its way back UP. Market should be good on Friday based on futures.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2077.99, high 2079.62, low 2050.37
RSI @ 47.62
CMF @ 0.224
Internals were :
Down volume led by 1.26 to 1 in NYSE & .73 to 1 in Nasdaq
Declining stocks led by 1.05 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 64 in NYSE & lows by 30 in Nasdaq
VIX Down 3.82% @ 19.37
Gold @ $1298.40
AH ER...FNSR UP 10.18%, ORCL UP 1.97%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE started the same usual pattern of selling, then news broke of a killing in Brexit emotion, which halted campaign to honour the MP. This break in Brexit frenzy caused US$ to retreat and gold turned south, oil remained in slump. Market was deeply oversold and any news could have halted this slump. Hopefully oil has completed its retracement and its on its way back UP. Market should be good on Friday based on futures.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices were lower earlier, but have pared all their losses except Nasdaq which is 5 points lower, they are all @ their best level of the day. Brexit remains in focus. Oil remains weak.
S&P 500 @ 2073.22, high 2073.79, low 2050.37
Internals are negative by almost 2 to 1
Oil Down $1.39
Gold UP $1.70
Canadian $ Down 23 tick @ .7066
VIX UP 3.18% @ 20.78
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.25 following are green :
CNQ CMG NTES TZA PCLN AAPL LULU JKS
BIDU MSFT DNKN M ZG.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2073.22, high 2073.79, low 2050.37
Internals are negative by almost 2 to 1
Oil Down $1.39
Gold UP $1.70
Canadian $ Down 23 tick @ .7066
VIX UP 3.18% @ 20.78
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.25 following are green :
CNQ CMG NTES TZA PCLN AAPL LULU JKS
BIDU MSFT DNKN M ZG.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 15, 2016
Indices closed down .18% to .20%......
Indices closed down.
S&P 500 @ 2071.50, low 2069.80, high 2085.65
RSI @ 44.68
CMF @ 0.177
Internals were :
UP volume led by 1.65 to 1 in NYSE & 1.09 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & 31 in Nasdaq
VIX Down 1.76% @ 20.14
Oil @ $48.01
Gold @ $1288.30
Stocks which closed green included JCP TWTR UA
LNG PANW SPLK QRVO LULU GG ABX KGC
BIDU COH LEN TSLA YUM FFIV PCLN
SWN SSYS FEYE BABA YELP OLED
M SODA LRCX TCK SLW DATA
SWIR FCX.......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong before fed statement but closed near low of the day, Fed statement was interpreted as no increase until September @ the earliest, Fed acknowledged job weakness and Brexit as key reason for delay. Internals were all positive which is a good for health of TAPE. Its again watch and wait for Brexit polls which keeps confirming yes vote. Sit tight with your strong stocks which has high comfort level for you.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2071.50, low 2069.80, high 2085.65
RSI @ 44.68
CMF @ 0.177
Internals were :
UP volume led by 1.65 to 1 in NYSE & 1.09 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & 31 in Nasdaq
VIX Down 1.76% @ 20.14
Oil @ $48.01
Gold @ $1288.30
Stocks which closed green included JCP TWTR UA
LNG PANW SPLK QRVO LULU GG ABX KGC
BIDU COH LEN TSLA YUM FFIV PCLN
SWN SSYS FEYE BABA YELP OLED
M SODA LRCX TCK SLW DATA
SWIR FCX.......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong before fed statement but closed near low of the day, Fed statement was interpreted as no increase until September @ the earliest, Fed acknowledged job weakness and Brexit as key reason for delay. Internals were all positive which is a good for health of TAPE. Its again watch and wait for Brexit polls which keeps confirming yes vote. Sit tight with your strong stocks which has high comfort level for you.
BLOG does NOT give buy or sell.
Saleem
Indices UP .22% to .24%....NICE !!!!
Indices are slightly higher on Fed decision to leave interest rate unchanged, they noted slowdown in jobs growth. Brexit remains the-news of the moment and next week.
S&P 500 @ 2080.08, high 2085.65, low 2077.60
Internals are positive by 3 to in NYSE & 2 to 1 in Nasdaq
Oil Down 10 cents
Gold UP $5.90
Canadian $ Down 9 tick @ .7121
VIX Down 4.73% @ 19.53
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.18 following are red :
CMG VRX TZA CTRP NXPI SPWR SU BIDU CTSH
WB V MA ORCL AGU......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2080.08, high 2085.65, low 2077.60
Internals are positive by 3 to in NYSE & 2 to 1 in Nasdaq
Oil Down 10 cents
Gold UP $5.90
Canadian $ Down 9 tick @ .7121
VIX Down 4.73% @ 19.53
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.18 following are red :
CMG VRX TZA CTRP NXPI SPWR SU BIDU CTSH
WB V MA ORCL AGU......
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 14, 2016
Indices closed down .10% to .33%......
Indices closed down.
S&P 500 @ 2075.32, low 2064.10, high 2081.30
RSI @ 46.09
CMF @ 0.187
Internals were :
Down volume led by 2.56 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 1.90 to 1 in NYSE & 1.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & lows by 57 in Nasdaq
VIX Down 2.24% @ 20.50
Oil @ $48.49
Gold @ $1288.10
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under selling pressure due to Brexit impact on collapsing bond yield worldwide, oil also failed to rally from 4 day slump.S&P 500 closed near upper end of the range, but technically all major indices are below 50 DMA. Fed reveals its verdict @ 2 PM, i expect no change in interest rate. Brexit poll for yes vote will continue to impact bond yield worldwide until voting day next Thursday. Weakness may give you a chance to buy good stocks @ discounted prices.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2075.32, low 2064.10, high 2081.30
RSI @ 46.09
CMF @ 0.187
Internals were :
Down volume led by 2.56 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 1.90 to 1 in NYSE & 1.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & lows by 57 in Nasdaq
VIX Down 2.24% @ 20.50
Oil @ $48.49
Gold @ $1288.10
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under selling pressure due to Brexit impact on collapsing bond yield worldwide, oil also failed to rally from 4 day slump.S&P 500 closed near upper end of the range, but technically all major indices are below 50 DMA. Fed reveals its verdict @ 2 PM, i expect no change in interest rate. Brexit poll for yes vote will continue to impact bond yield worldwide until voting day next Thursday. Weakness may give you a chance to buy good stocks @ discounted prices.
BLOG does NOT give buy or sell.
Saleem
Indices down .40% to .50%.....
Indices are lower again on crashing bond prices to negative rate in Germany, oil being lower also adding to selling pressure.
S&P 500 @ 2070.34, low 2064.18, high 2081.30
Internals are negative by 2 to 1
Oil Down 53 cents
Gold UP $1.60
Canadian $ Down 22 tick @ .7145
VIX UP 0.05% @ 20.98...bullish for equities.....
In my portfolio...Bought NTES @ $163.36
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.29 following are green :
CNQ CMG NTES SBUX TWTR TZA CTRP SPLK
AMZN QRVO FB LVS CTSH YHOO EXPE
WB BABA OLED CRUS ORCL WYNN
AGU....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.34, low 2064.18, high 2081.30
Internals are negative by 2 to 1
Oil Down 53 cents
Gold UP $1.60
Canadian $ Down 22 tick @ .7145
VIX UP 0.05% @ 20.98...bullish for equities.....
In my portfolio...Bought NTES @ $163.36
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.29 following are green :
CNQ CMG NTES SBUX TWTR TZA CTRP SPLK
AMZN QRVO FB LVS CTSH YHOO EXPE
WB BABA OLED CRUS ORCL WYNN
AGU....
BLOG does NOT give buy or sell.
Saleem
Monday, June 13, 2016
Indices closed down .74% to .94%......
Indices closed down.
S&P 500 @ 2079.06, low 2078.46, high 2098.12
RSI @ 47.46
CMF @ 0.201
Internals were :
Down volume led by 4.40 to 1 in NYSE & 2.27 to 1 in Nasdaq
Declining stocks led by 3.10 to 1 in NYSE & 2.95 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & lows by 10 in Nasdaq
VIX UP 23.14% @ 20.97
Oil @ $48.88
Gold @ $1286.90
AH news...BIDU Down 5.37%
In my portfolio....Sold BIDU in AH @ $154.00
Added 100% VRX in AH @ $23.87
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under selling pressure again due to Brexit and lower oil, indices closed @ low of the day. Internals were very weak. I expect Tuesday to be " turnaround Tuesday "....VIX has jumped to 3 month high, this may be a " contrary indicator "of better action in equities. Fed starts its meeting and Wednesday statement may bring relief and further support for equities. Hopefully, oil may find support and firm up on Tuesday also, another positive for equities.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2079.06, low 2078.46, high 2098.12
RSI @ 47.46
CMF @ 0.201
Internals were :
Down volume led by 4.40 to 1 in NYSE & 2.27 to 1 in Nasdaq
Declining stocks led by 3.10 to 1 in NYSE & 2.95 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & lows by 10 in Nasdaq
VIX UP 23.14% @ 20.97
Oil @ $48.88
Gold @ $1286.90
AH news...BIDU Down 5.37%
In my portfolio....Sold BIDU in AH @ $154.00
Added 100% VRX in AH @ $23.87
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under selling pressure again due to Brexit and lower oil, indices closed @ low of the day. Internals were very weak. I expect Tuesday to be " turnaround Tuesday "....VIX has jumped to 3 month high, this may be a " contrary indicator "of better action in equities. Fed starts its meeting and Wednesday statement may bring relief and further support for equities. Hopefully, oil may find support and firm up on Tuesday also, another positive for equities.
BLOG does NOT give buy or sell.
Saleem
Indices down .43% to .66%......
Indices are down & @ low of the day on lower oil prices. Brexit continues to grapple with yes lead, which is a negative for EU.
S&P 500 @ 2085.65, low 2084.87, high 2098.12
Internals are negative by more than 2 to 1
Oil Down 38 cents
Gold UP $9.60
Canadian $ UP 2 tick @ .7219
VIX UP 17.09% @ 19.94
Portfolio BIDU CNQ CMG JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.31 following are green :
CNQ SBUX TWTR TZA PANW SPLK GOOG PCLN
AMZN NTES ABX JKS LVS LNKD NFLX TSLA
DNKN YUM RIG VDSI LULU LRCX MCD
TCK DATA CSOD FCX ZG WYNN......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2085.65, low 2084.87, high 2098.12
Internals are negative by more than 2 to 1
Oil Down 38 cents
Gold UP $9.60
Canadian $ UP 2 tick @ .7219
VIX UP 17.09% @ 19.94
Portfolio BIDU CNQ CMG JCP SBUX TWTR UA VRX
Most stocks are down
@ 2.31 following are green :
CNQ SBUX TWTR TZA PANW SPLK GOOG PCLN
AMZN NTES ABX JKS LVS LNKD NFLX TSLA
DNKN YUM RIG VDSI LULU LRCX MCD
TCK DATA CSOD FCX ZG WYNN......
BLOG does NOT give buy or sell.
Saleem
Sunday, June 12, 2016
Is Brexit going to derail this market......
Brexit took a toll on markets on Friday, Britain exit from EU will cause major disruption in stock market and currencies, it is still possible to get a no vote from Brexit.
Fed meeting is a non event in itself for June, but, it may signal that July may be OK for a hike in interest rates.
Hike by .25% in July may be OK IF that is all its going to be, but sadly, we may get another one before 2016 is over......
Markets go through these adjustments all the time, sometimes its mild reaction but sometimes it could be a full fledged correction.
How to position for upcoming Fed statement for Wednesday @ 2 PM is usual approach, measure your own risk tolerance and comfort level.
Following week on June 23rd is Brexit poll, still hoping for a NO vote which may trigger a huge rally worldwide...
SO...from Monday to following Friday as per our time zone, we will be driven by sentiment / polls of Brexit with a side order of Fed statement in 72 hours.
I am going to stay the course with usual profit taking IF possible, or deal with the market blows as and when it comes.
It is not only hard but impossible to time the market as many have learned the hard way, it is better to stay in the market with a diversified portfolio and hope for the best.
Except for inverse position, there were no winning sectors in Friday's slump.
Stay the course or make minor adjustment, is all i am going to suggest till Friday the 24th.....two full weeks of " uncertainty "
VIX jumped big time on Friday plus 16.33% to 17.03.....this may have given lot of room for positive action in equities IF polls swing to NO vote in Britain.
Good luck with your own take of market and your comfort level.
BLOG does NOT give buy or sell.
Saleem
Fed meeting is a non event in itself for June, but, it may signal that July may be OK for a hike in interest rates.
Hike by .25% in July may be OK IF that is all its going to be, but sadly, we may get another one before 2016 is over......
Markets go through these adjustments all the time, sometimes its mild reaction but sometimes it could be a full fledged correction.
How to position for upcoming Fed statement for Wednesday @ 2 PM is usual approach, measure your own risk tolerance and comfort level.
Following week on June 23rd is Brexit poll, still hoping for a NO vote which may trigger a huge rally worldwide...
SO...from Monday to following Friday as per our time zone, we will be driven by sentiment / polls of Brexit with a side order of Fed statement in 72 hours.
I am going to stay the course with usual profit taking IF possible, or deal with the market blows as and when it comes.
It is not only hard but impossible to time the market as many have learned the hard way, it is better to stay in the market with a diversified portfolio and hope for the best.
Except for inverse position, there were no winning sectors in Friday's slump.
Stay the course or make minor adjustment, is all i am going to suggest till Friday the 24th.....two full weeks of " uncertainty "
VIX jumped big time on Friday plus 16.33% to 17.03.....this may have given lot of room for positive action in equities IF polls swing to NO vote in Britain.
Good luck with your own take of market and your comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, June 10, 2016
Indices closed down .67% to 1.29%......
Indices were under severe selling pressure worldwide on BREXIT latest poll numbers showing yes vote in lead, yield fell to record low in Europe and lower in US. Oil also fell below $50 which added more negativity.
S&P 500 @ 2096.07, low 2089.96, high 2109.57
RSI @ 54.24
CMF @ 0.209
Internals were :
Down volume led by 6.18 to 1 in NYSE & 4.31 to 1 in Nasdaq
Declining stocks led by 4.24 to 1 in NYSE & 3.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & lows by 7 in Nasdaq
VIX UP 16.33% @ 17.03
In my portfolio...Sold KGC @ $5.24
Stocks which closed green included ABX TZA
Here is my weighting :
CMG 21.05%
BIDU 19.92%
UA 14.62%
CNQ 12.43%
TWTR 12.14%
SBUX 8.55%
JCP 7.10%
VRX 4.19%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2096.07, low 2089.96, high 2109.57
RSI @ 54.24
CMF @ 0.209
Internals were :
Down volume led by 6.18 to 1 in NYSE & 4.31 to 1 in Nasdaq
Declining stocks led by 4.24 to 1 in NYSE & 3.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & lows by 7 in Nasdaq
VIX UP 16.33% @ 17.03
In my portfolio...Sold KGC @ $5.24
Stocks which closed green included ABX TZA
Here is my weighting :
CMG 21.05%
BIDU 19.92%
UA 14.62%
CNQ 12.43%
TWTR 12.14%
SBUX 8.55%
JCP 7.10%
VRX 4.19%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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