Indices closed down.
S&P 500 @ 2126.15, low 2125.53, high 2133.25
RSI @ 40.95
CMF @ -0.167
Internals were :
UP volume led by 1.14 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 1.04 to 1 in NYSE & .98 to 1 in Nasdaq
Net new 52 wk lows were leading by 20 in NYSE & 74 in Nasdaq
VIX UP 5.37% @ 17.06
Oil @ $46.86
Gold @ $1273.10
AH ER...LB Down 5.94%, APC Down 2.37%
AH Futures Up
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed near low of the day, oil sharply lower did not help either. Many polls came out today and latest ones are placing US election result, as it was before Friday, this latest read will help markets to find its footing again. Hopefully, oil has found its support and should move UP from here. Many technology leaders were struggling today, but AMZN continued its comeback. Market may have seen its low today, turnaround Tuesday is here.
BLOG does NOT give buy or sell.
Saleem
Monday, October 31, 2016
Indices mixed....
Indices are mixed on lower oil & election uncertainty.
S&P 500 @ 2127.12, high 2133.25 low 2125.94
Internals are mixed
Oil Down $1.64
Gold Down 90 cents
Canadian $ Down 8 tick .6595
VIX UP 6.79% @ 17.29
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.26 following are green :
AMD AAPL TCK QRVO KORS ABX ZYNE TWTR
AMZN OLED LEN FFIV YELP AMCC FCX ZG
SWIR MGA ORCL SLW AEM MSFT AAL
M PANW LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2127.12, high 2133.25 low 2125.94
Internals are mixed
Oil Down $1.64
Gold Down 90 cents
Canadian $ Down 8 tick .6595
VIX UP 6.79% @ 17.29
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.26 following are green :
AMD AAPL TCK QRVO KORS ABX ZYNE TWTR
AMZN OLED LEN FFIV YELP AMCC FCX ZG
SWIR MGA ORCL SLW AEM MSFT AAL
M PANW LRCX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 30, 2016
TAPE uncertainty till November 9th.....
Friday was a turning point in market, when uncertainty was thrown into election in US.
Wall Street hates uncertainty....
FBI letter created new uncertainty .....
Election result may not be any different than before, but, now, there is a "wait and see" factor.
SO, until November 9th, market will mark time for actual result.
Polls may reflect a tighter race than before.
Stocks will be in "neutral mode"
Investors and traders, will be glued to daily polls and rhetoric, which will be in overdrive.
Our portfolios, needs to be managed till election results are out, some may not do anything, while others may have to reduce exposure.
As most of us are traders, it will take patience, to wait the outcome of this election.
Technically, most index are not looking healthy, most are below 50 DMA.
Russell 2000 is the weakest and SOX is the strongest.
The strategy, is to look for opportunities during this pause.
Many strong stocks will come to an attractive level prior to election result, that will be an opportune time to reorganize portfolio.
While politics takes a center stage, trading needs to take a backseat.
This pause may be a good time to review strategy and portfolio composition.
Good luck with your own strategy and take on events.
BLOG does NOT give buy or sell.
Saleem
Wall Street hates uncertainty....
FBI letter created new uncertainty .....
Election result may not be any different than before, but, now, there is a "wait and see" factor.
SO, until November 9th, market will mark time for actual result.
Polls may reflect a tighter race than before.
Stocks will be in "neutral mode"
Investors and traders, will be glued to daily polls and rhetoric, which will be in overdrive.
Our portfolios, needs to be managed till election results are out, some may not do anything, while others may have to reduce exposure.
As most of us are traders, it will take patience, to wait the outcome of this election.
Technically, most index are not looking healthy, most are below 50 DMA.
Russell 2000 is the weakest and SOX is the strongest.
The strategy, is to look for opportunities during this pause.
Many strong stocks will come to an attractive level prior to election result, that will be an opportune time to reorganize portfolio.
While politics takes a center stage, trading needs to take a backseat.
This pause may be a good time to review strategy and portfolio composition.
Good luck with your own strategy and take on events.
BLOG does NOT give buy or sell.
Saleem
Friday, October 28, 2016
Indices closed down .05% to .50%.....
Indices closed down on political news, while GDP growth of 2.9% was pretty good, but it was ignored. Oil was down as OPEC meets.
S&P 500 @ 2126.41, low 2119.36, high 2140.72
RSI @ 41.05
CMF @ -0.108
Internals were :
Down volume led by 1.49 to 1 in NYSE & 1.53 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 24 in NYSE & 85 in Nasdaq
VIX UP 5.4% @ 16.19
Oil @ $48.70
Gold @ $1276.80
Canadian $ @ 66.15
Stocks which were UP 1% or more included AMD BIDU
AKS KORS FB SPLK ABX AEM TWTR LULU LVS
LEN EXPE MA AMCC FCX ZG TRIP MLNX
CSOD CRUS PANW .....
Here is my weighting :
CNQ 23.37%
AAPL 18.65%
VRX 16.69%
CMG 16.18%
BIDU 11.78%
TWLO 8.13%
AMD 5.20%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2126.41, low 2119.36, high 2140.72
RSI @ 41.05
CMF @ -0.108
Internals were :
Down volume led by 1.49 to 1 in NYSE & 1.53 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 24 in NYSE & 85 in Nasdaq
VIX UP 5.4% @ 16.19
Oil @ $48.70
Gold @ $1276.80
Canadian $ @ 66.15
Stocks which were UP 1% or more included AMD BIDU
AKS KORS FB SPLK ABX AEM TWTR LULU LVS
LEN EXPE MA AMCC FCX ZG TRIP MLNX
CSOD CRUS PANW .....
Here is my weighting :
CNQ 23.37%
AAPL 18.65%
VRX 16.69%
CMG 16.18%
BIDU 11.78%
TWLO 8.13%
AMD 5.20%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 27, 2016
Indices closed down .16% to .65%......
Indices closed down.
S&P 500 @ 2133.04, low 2132.52, high 2147.13
RSI @ 43.58
CMF @ -0.071
Internals were :
Down volume led by 1.64 to 1 in NYSE & 2.43 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 1.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & lows by 57 in Nasdaq
VIX UP 7.87% @ 15.36
Oil @ $49.72
Gold @ $1269.50
AH ER...CRUS UP 7.65%, AMZN Down 5.71%
AMZ ER was a major disappointment, missed EPS by 26 cents and guidance was in-line, not good enough for an expensive stock, Sold my position AH @ $768.00.
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, most of the earning reports are better than expected, which should help TAPE to show green on Friday.TAPE was weak today & internals were weak, in anticipation of front line reports, GOOG was better and AMZN not so good. For my portfolio, earning season has been extremely negative, but, i am holding most of my position, except AMZN. earnings are expected to be challenged in VRX. VRX is a long term holding for me, so, this earning report is not in focus. Every Friday's, there is a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2133.04, low 2132.52, high 2147.13
RSI @ 43.58
CMF @ -0.071
Internals were :
Down volume led by 1.64 to 1 in NYSE & 2.43 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 1.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & lows by 57 in Nasdaq
VIX UP 7.87% @ 15.36
Oil @ $49.72
Gold @ $1269.50
AH ER...CRUS UP 7.65%, AMZN Down 5.71%
AMZ ER was a major disappointment, missed EPS by 26 cents and guidance was in-line, not good enough for an expensive stock, Sold my position AH @ $768.00.
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, most of the earning reports are better than expected, which should help TAPE to show green on Friday.TAPE was weak today & internals were weak, in anticipation of front line reports, GOOG was better and AMZN not so good. For my portfolio, earning season has been extremely negative, but, i am holding most of my position, except AMZN. earnings are expected to be challenged in VRX. VRX is a long term holding for me, so, this earning report is not in focus. Every Friday's, there is a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.......
Indices are mixed in anticipation of earnings report from GOOG & AMZN after hour. Oil is higher after recent weakness.
S&P 500 @ 2138.22, low 2133.11, high 2147.13
Internals are negative by 2 to 1 in NYSE & little better in Nasdaq
Oil UP 67 cents
Gold UP $6.70
Canadian $ unchanged @ .6621
VIX UP 2.67% @ 14.62
Portfolio AMD AMZN AAPL CNQ CMG TWLO VRX
Most stocks are down
@ 2.15 following are green :
CNQ CMG VRX BABA CRM NTES BIDU SPLK ABX TSLA
TWTR V DNKN EXPE SU FFIV MA CHK SWN TK RIG
AEM FCX GS MS V AAL......
AMZN reports AH, here are the expectations :
Q3 Sales $32.69 billion, EPS 78 cents
Guidance Q4 Sales $44.58 billion, EPS $2.14
Expecting a huge beat in EPS and higher guidance.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2138.22, low 2133.11, high 2147.13
Internals are negative by 2 to 1 in NYSE & little better in Nasdaq
Oil UP 67 cents
Gold UP $6.70
Canadian $ unchanged @ .6621
VIX UP 2.67% @ 14.62
Portfolio AMD AMZN AAPL CNQ CMG TWLO VRX
Most stocks are down
@ 2.15 following are green :
CNQ CMG VRX BABA CRM NTES BIDU SPLK ABX TSLA
TWTR V DNKN EXPE SU FFIV MA CHK SWN TK RIG
AEM FCX GS MS V AAL......
AMZN reports AH, here are the expectations :
Q3 Sales $32.69 billion, EPS 78 cents
Guidance Q4 Sales $44.58 billion, EPS $2.14
Expecting a huge beat in EPS and higher guidance.
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 26, 2016
Indices closed mixed.......
Indices closed mixed.
S&P 500 @ 2139.43, low 2131.59, high 2145.73
RSI @ 46.12
CMF @ -0.051
Internals were :
Down volume led by 1.19 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 5 in NYSE & 24 in Nasdaq
VIX UP 5.79% @ 14.24
Oil @ $49.18
Gold @ $1266.60
In my portfolio...Sold TCK @ $21.04
AH ER...CAKE UP 8.10%, TSLA UP 4.45%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE struggled with poor earnings report whole day, managed to close well above low of the day. Nasdaq closed 3 points below 50 DMA, with AMZN & GOOG reporting AH on Thursday, we may see major technical improvement. Internals are all negative, a rare event. I am expecting a positive day and better AH action.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2139.43, low 2131.59, high 2145.73
RSI @ 46.12
CMF @ -0.051
Internals were :
Down volume led by 1.19 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 2.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 5 in NYSE & 24 in Nasdaq
VIX UP 5.79% @ 14.24
Oil @ $49.18
Gold @ $1266.60
In my portfolio...Sold TCK @ $21.04
AH ER...CAKE UP 8.10%, TSLA UP 4.45%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE struggled with poor earnings report whole day, managed to close well above low of the day. Nasdaq closed 3 points below 50 DMA, with AMZN & GOOG reporting AH on Thursday, we may see major technical improvement. Internals are all negative, a rare event. I am expecting a positive day and better AH action.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed on poor earnings report and lower oil.
S&P 500 @ 2136.64, low 2131.59, high 2145.73
Internals are negative by 2 to 1
Oil Down 74 cents
Gold Down $6.60
Canadian $ Down 14 tick @ .6637
VIX UP 8.84% @ 14.65
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are down
@ 2.35 following are green :
TWLO ACIA TRIL LULU LVS NFLX FFIV TK RIG
FSLR MU CIEN FCX WYNN GS AGU MLNX
DATA MGA MS AKS X PANW.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2136.64, low 2131.59, high 2145.73
Internals are negative by 2 to 1
Oil Down 74 cents
Gold Down $6.60
Canadian $ Down 14 tick @ .6637
VIX UP 8.84% @ 14.65
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are down
@ 2.35 following are green :
TWLO ACIA TRIL LULU LVS NFLX FFIV TK RIG
FSLR MU CIEN FCX WYNN GS AGU MLNX
DATA MGA MS AKS X PANW.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 25, 2016
Indices closed down .30% to .50%.......
Indices closed down.
S&P 500 @ 2143.16, low 2141.93, high 2151.44
RSI @ 47.62
CMF @ -0.010
Internals were :
Down volume led by 1.85 to 1 in NYSE & 1.74 to 1 in Nasdaq
Declining stocks led by 1.53 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 2 in Nasdaq
VIX UP 3.38% @ 13.46
Oil @ $49.96
Gold @ $1273.60
AH ER....PNRA UP 5.62%, AAPL Down 2.77%
CMG Down 1.95%
AAPL & CMG both guided higher than consensus for next Q, but they were sold off in AH trading........
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under pressure again from weak earnings and lower oil.Indices closed near low of the day, internals were mostly negative.Nasdaq still above 50 DMA, Dow & S&P 500 under 50 DMA. So far, this Q3 earning season is not robust, but it may all change AH on Thursday, GOOG & AMZN reports.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2143.16, low 2141.93, high 2151.44
RSI @ 47.62
CMF @ -0.010
Internals were :
Down volume led by 1.85 to 1 in NYSE & 1.74 to 1 in Nasdaq
Declining stocks led by 1.53 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 2 in Nasdaq
VIX UP 3.38% @ 13.46
Oil @ $49.96
Gold @ $1273.60
AH ER....PNRA UP 5.62%, AAPL Down 2.77%
CMG Down 1.95%
AAPL & CMG both guided higher than consensus for next Q, but they were sold off in AH trading........
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under pressure again from weak earnings and lower oil.Indices closed near low of the day, internals were mostly negative.Nasdaq still above 50 DMA, Dow & S&P 500 under 50 DMA. So far, this Q3 earning season is not robust, but it may all change AH on Thursday, GOOG & AMZN reports.
BLOG does NOT give buy or sell.
Saleem
Indices down .20% to .42%.....
Indices are lower on disappointing earnings and lower oil.
S&P 500 @ 2145.56, low 2141.93, high 2151.44
Internals are negative, with Nasdaq running negative 2 to 1.
Oil Down 48 cents
Gold UP $12.40
Canadian $ Down 40 tick @ .6675
VIX UP 3.23% @ 13.44
In my portfolio ..added 35% AAPL @ $117.58
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are down
@ 2.28 following are green :
AMD AAPL TCK VRX NTES ABX KGC SINA PCLN
MU AKS X SLW AEM FCX CTRP GS MLNX.....
AH CMG & AAPL are reporting , here are the expectations :
AAPL Q4 Sales $46.89 billion, EPS $1.65
Q1 guidance Sales $74.98 billion, EPS $3.19
Expecting better commentary for Q1......
CMG Sales $1.09 billion, EPS $1.59
Guidance next Q, Sales $1.09 billion, EPS $1.98
CMG may miss Sales , but guidance maybe in-line, thus a potential of jump in stock price......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2145.56, low 2141.93, high 2151.44
Internals are negative, with Nasdaq running negative 2 to 1.
Oil Down 48 cents
Gold UP $12.40
Canadian $ Down 40 tick @ .6675
VIX UP 3.23% @ 13.44
In my portfolio ..added 35% AAPL @ $117.58
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are down
@ 2.28 following are green :
AMD AAPL TCK VRX NTES ABX KGC SINA PCLN
MU AKS X SLW AEM FCX CTRP GS MLNX.....
AH CMG & AAPL are reporting , here are the expectations :
AAPL Q4 Sales $46.89 billion, EPS $1.65
Q1 guidance Sales $74.98 billion, EPS $3.19
Expecting better commentary for Q1......
CMG Sales $1.09 billion, EPS $1.59
Guidance next Q, Sales $1.09 billion, EPS $1.98
CMG may miss Sales , but guidance maybe in-line, thus a potential of jump in stock price......
BLOG does NOT give buy or sell.
Saleem
Monday, October 24, 2016
Indices closed UP .43% to 1.00%....NICE !!!!
Indices closed UP
S&P 500 @ 2151.33, high 2154.79, 2146.91
RSI @ 51.01
CMF @ 0.070
Internals were :
UP volume led by 1.31 to 1 in NYSE & 2.34 to 1 in Nasdaq
Advancing stocks led by 1.51 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 99 in NYSE & 74 in Nasdaq
VIX Down 2.40% @ 13.02
Oil @ $50.52
Gold @ $1263.70
Stocks which were UP 2% or more included AMD AMZN
ACIA BIDU QRVO OLED MSFT SINA FNSR YELP
CRUS CSOD......
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold Unchanged
About market, TAPE was strong and closed near high of the day, internals were all positive. Nasdaq leaders closed @ high of the day. Mergers invoked a vote of confidence in valuation of this market. S&P 500 & Dow are ready to climb over 50 DMA, which will be a strong technical indicator. It is all about AAPL after close on Tuesday, lot of concern about valuation and different metrics like iphone sales number. CMG is another beaten down stocks reporting AH on Tuesday. It is never easy to play earnings, but i am in both stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2151.33, high 2154.79, 2146.91
RSI @ 51.01
CMF @ 0.070
Internals were :
UP volume led by 1.31 to 1 in NYSE & 2.34 to 1 in Nasdaq
Advancing stocks led by 1.51 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 99 in NYSE & 74 in Nasdaq
VIX Down 2.40% @ 13.02
Oil @ $50.52
Gold @ $1263.70
Stocks which were UP 2% or more included AMD AMZN
ACIA BIDU QRVO OLED MSFT SINA FNSR YELP
CRUS CSOD......
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold Unchanged
About market, TAPE was strong and closed near high of the day, internals were all positive. Nasdaq leaders closed @ high of the day. Mergers invoked a vote of confidence in valuation of this market. S&P 500 & Dow are ready to climb over 50 DMA, which will be a strong technical indicator. It is all about AAPL after close on Tuesday, lot of concern about valuation and different metrics like iphone sales number. CMG is another beaten down stocks reporting AH on Tuesday. It is never easy to play earnings, but i am in both stocks.
BLOG does NOT give buy or sell.
Saleem
Indices UP .43% to .87%....NICE !!!!
Indices are higher on merger news, while oil is lower.
S&P 500 @ 2150.54, high 2154.79, low 2146.91
Internals are positive, with Nasdaq near 2 to 1 positive.
Oil Down 53 cents
Gold Down $4.30
Canadian $ Down 46 tick @ .6623
VIX Down 2.55% @ 13.00
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are UP
@ 2.32 following are red :
CNQ VRX GWPH ABX ZYNE TRIL LULU KGC JKS
CHK SWN TK RIG FEYE LNG FSLR SPWR X
MCD AEM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2150.54, high 2154.79, low 2146.91
Internals are positive, with Nasdaq near 2 to 1 positive.
Oil Down 53 cents
Gold Down $4.30
Canadian $ Down 46 tick @ .6623
VIX Down 2.55% @ 13.00
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are UP
@ 2.32 following are red :
CNQ VRX GWPH ABX ZYNE TRIL LULU KGC JKS
CHK SWN TK RIG FEYE LNG FSLR SPWR X
MCD AEM .....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 23, 2016
Some technical improvement in indices.....
@ the close of trade, Nasdaq is above 50 DMA, Dow & S&P 500 still below 50 DMA.
CMF is positive in all indices.....
Nasdaq being above 50 DMA and CMF being positive, is a change in technical picture of major indices.
This week there are major earnings report, on Tuesday there is AAPL & CMG and on Thursday there is AMZN, GOOG & TWTR.
How these earnings fare with investors, will decide the fate of this market.
There is high expectations from above stocks, IF they fall short, there will be trouble for this market and stocks in question.
This earning season, there is skepticism about some of the high fliers.
Overall market is not behaving strong either.
After a long time, there is uncertainty about earnings.
Many stocks have moved quite a bit ahead from last earnings report, which makes them vulnerable.
I may end up selling, before earnings are announced, on most stocks.
AAPL is the only stock which has high comfort level for me, their guidance should be better, thanks to Samsung Note 7 flare up.
Markets change over time, we can only tell by observing, how markets have behaved in recent past.
For last 2.5 months, Dow has gone down , down and down, it has lost 522.73 points or 2.8%....
Nasdaq the best performing index, has lost 85.48 points or 1.60%......
Above stat is not a sign of healthy market, going into Q4 , which is the strongest quarter, especially in technology, Nasdaq has been weak for last 4 weeks.
I take my cue from monitoring TAPE closely, RSI is also 46.62 in S&P 500 and 50.69 in Nasdaq, while Dow @ 46.55.....not a vote of confidence by investors / traders / institutions.
SO....approach this earning season, as the time to liquidate your position, not expose yourself to market weakness.
Good luck with your own analysis of this market, and your own comfort level.
BLOG does NOT give buy or sell.
Saleem
CMF is positive in all indices.....
Nasdaq being above 50 DMA and CMF being positive, is a change in technical picture of major indices.
This week there are major earnings report, on Tuesday there is AAPL & CMG and on Thursday there is AMZN, GOOG & TWTR.
How these earnings fare with investors, will decide the fate of this market.
There is high expectations from above stocks, IF they fall short, there will be trouble for this market and stocks in question.
This earning season, there is skepticism about some of the high fliers.
Overall market is not behaving strong either.
After a long time, there is uncertainty about earnings.
Many stocks have moved quite a bit ahead from last earnings report, which makes them vulnerable.
I may end up selling, before earnings are announced, on most stocks.
AAPL is the only stock which has high comfort level for me, their guidance should be better, thanks to Samsung Note 7 flare up.
Markets change over time, we can only tell by observing, how markets have behaved in recent past.
For last 2.5 months, Dow has gone down , down and down, it has lost 522.73 points or 2.8%....
Nasdaq the best performing index, has lost 85.48 points or 1.60%......
Above stat is not a sign of healthy market, going into Q4 , which is the strongest quarter, especially in technology, Nasdaq has been weak for last 4 weeks.
I take my cue from monitoring TAPE closely, RSI is also 46.62 in S&P 500 and 50.69 in Nasdaq, while Dow @ 46.55.....not a vote of confidence by investors / traders / institutions.
SO....approach this earning season, as the time to liquidate your position, not expose yourself to market weakness.
Good luck with your own analysis of this market, and your own comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, October 21, 2016
Indices closed mixed.......
Indices closed mixed. Oil & Gold were stable, US$ remained strong. Indices closed near high of the day, erasing earlier losses.
S&P 500 @ 2141.16, low 2130.09, high 2142.63
RSI @ 46.62
CMF @ 0.026
Internals were :
Down volume led by 1.30 to 1 in NYSE & 1.01 to 1 in Nasdaq
Declining stocks led by .96 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 11 in Nasdaq
VIX Down 2.98% @ 13.34
Oil @ $50.89
Gold @ $1267.70
Canadian $ .6676 US$, 7 month low against US$
Stocks which were UP 1% or more included AMZN CMG
CRM FB ZYNE TWTR NTNX MSFT NFLX EXPE
FEYE AKS M PANW MCD SWIR CSOD MS
TRIP.....
Here is my weighting :
AMZN 21.76%
CNQ 19.37%
CMG 14.59%
VRX 14.58%
AAPL 11.36%
TWLO 7.64%
TCK 6.90%
AMD 3.80%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2141.16, low 2130.09, high 2142.63
RSI @ 46.62
CMF @ 0.026
Internals were :
Down volume led by 1.30 to 1 in NYSE & 1.01 to 1 in Nasdaq
Declining stocks led by .96 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 11 in Nasdaq
VIX Down 2.98% @ 13.34
Oil @ $50.89
Gold @ $1267.70
Canadian $ .6676 US$, 7 month low against US$
Stocks which were UP 1% or more included AMZN CMG
CRM FB ZYNE TWTR NTNX MSFT NFLX EXPE
FEYE AKS M PANW MCD SWIR CSOD MS
TRIP.....
Here is my weighting :
AMZN 21.76%
CNQ 19.37%
CMG 14.59%
VRX 14.58%
AAPL 11.36%
TWLO 7.64%
TCK 6.90%
AMD 3.80%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 20, 2016
Indices closed down .09% to .22%.....
Indices closed down.
S&P 500 @ 2141.34, low 2133.44, high 2147.18
RSI @ 46.69
CMF @ -0.057
Internals were :
Down volume led by 1.14 to 1 in NYSE & .86 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 55 in NYSE & 11 in Nasdaq
VIX Down 4.58% @ 13.75
Oil @ $50.43
Gold @ $1267.50
AH ER.. AMD Down 5.75%, MSFT UP 5.9%
AMD earning report was a substantial beat in Q3 Sales, Actual $1.307 billion vs expected $1.21 billion and EPS, actual 3 cents vs expected 0 cent, also guiding Q4 higher than consensus, but it was beaten down sharply in AH........
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE reacted to lower oil & ECB no change policy. MSFT earnings are stellar which may give support to Nasdaq. Weakness in TAPE is very surprising @ this stage of earning season. Stay with high quality stocks, as they are performing much better than weaker stocks. Friday, there is a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2141.34, low 2133.44, high 2147.18
RSI @ 46.69
CMF @ -0.057
Internals were :
Down volume led by 1.14 to 1 in NYSE & .86 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 55 in NYSE & 11 in Nasdaq
VIX Down 4.58% @ 13.75
Oil @ $50.43
Gold @ $1267.50
AH ER.. AMD Down 5.75%, MSFT UP 5.9%
AMD earning report was a substantial beat in Q3 Sales, Actual $1.307 billion vs expected $1.21 billion and EPS, actual 3 cents vs expected 0 cent, also guiding Q4 higher than consensus, but it was beaten down sharply in AH........
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE reacted to lower oil & ECB no change policy. MSFT earnings are stellar which may give support to Nasdaq. Weakness in TAPE is very surprising @ this stage of earning season. Stay with high quality stocks, as they are performing much better than weaker stocks. Friday, there is a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .13% to .21%.......
Indices are down on lower oil and ECB decision for no change in policy.
S&P 500 @ 2141.40, low 2133.44, high 2147.18
Internals are negative
Oil Down $1.21
Gold Down $2.30
Canadian $ Down 96 tick @ .6791
VIX Down .49% @ 14.34
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are down
@ 2.11 following are UP :
AMD CMG VRX GWPH NTES QRVO SPLK ZYNE
OLED SBUX JKS NFLX SWN RIG BABA CSIQ
SPWR AKS X M PANW CRUS DATA WYNN...
After close AMD reports, here are the expectations :
Sales $1.21 billion, EPS 0 cents
Next Q guidance, Sales $1.06 billion, EPS loss of 3 cents
AMD is a turnaround story, it may surprise with higher guidance.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2141.40, low 2133.44, high 2147.18
Internals are negative
Oil Down $1.21
Gold Down $2.30
Canadian $ Down 96 tick @ .6791
VIX Down .49% @ 14.34
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are down
@ 2.11 following are UP :
AMD CMG VRX GWPH NTES QRVO SPLK ZYNE
OLED SBUX JKS NFLX SWN RIG BABA CSIQ
SPWR AKS X M PANW CRUS DATA WYNN...
After close AMD reports, here are the expectations :
Sales $1.21 billion, EPS 0 cents
Next Q guidance, Sales $1.06 billion, EPS loss of 3 cents
AMD is a turnaround story, it may surprise with higher guidance.
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 19, 2016
Indices closed UP .05% to .22%.....NICE !!!!
Indices closed UP
S&P 500 @ 2144.29, high 2148.44, low 2138.15
RSI @ 47.76
CMF @ -0.046
Internals were :
UP volume led by 3.14 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & 14 in Nasdaq
VIX Down 5.69% @ 14.41
Oil @ $51.60
Gold @ $1269.90
Stocks which were UP 2% or more included CNQ CMG
KORS ABX TSLA ZYNE LULU KGC JKS CSIQ
FSLR SPWR NFLX YHOO EBAYFNSR CHK
TK RIG AKS AAL X AEM DATA FCX
WYNN.....
AH ER...EBAY Down 7.84%, AXP UP 5.63%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong on oil being @ highest point in 15 months, Nasdaq was relatively weaker. Gold & other commodities took the leadership. Many sectors are in rotation, which is a sign of healthy TAPE. Earnings are coming in more or less as expected. Stay with your own strategy with high comfort stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2144.29, high 2148.44, low 2138.15
RSI @ 47.76
CMF @ -0.046
Internals were :
UP volume led by 3.14 to 1 in NYSE & 1.41 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 1.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 79 in NYSE & 14 in Nasdaq
VIX Down 5.69% @ 14.41
Oil @ $51.60
Gold @ $1269.90
Stocks which were UP 2% or more included CNQ CMG
KORS ABX TSLA ZYNE LULU KGC JKS CSIQ
FSLR SPWR NFLX YHOO EBAYFNSR CHK
TK RIG AKS AAL X AEM DATA FCX
WYNN.....
AH ER...EBAY Down 7.84%, AXP UP 5.63%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong on oil being @ highest point in 15 months, Nasdaq was relatively weaker. Gold & other commodities took the leadership. Many sectors are in rotation, which is a sign of healthy TAPE. Earnings are coming in more or less as expected. Stay with your own strategy with high comfort stocks.
BLOG does NOT give buy or sell.
Saleem
Indices UP .16% to .42%.....NICE !!!!
Indices are higher & @ high of the day, as oil is strong & @ 15 months high. Fed beige book noted moderate activity in most regions.
S&P 500 @ 2147.06, high 2148.44, low 2138.15
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.41
Gold UP $7.20
Canadian $ Down 16 tick @ .6877
VIX Down 6.87% @ 14.23
In my portfolio Added 110% TCK @ 20.44
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are UP
@ 2.36 following are red :
AAPL TCK TWLO ACIA GWPH NTES TRIL NTNX SINA
FEYE WB YELP MU NXPI MSFT CRUS ZG.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2147.06, high 2148.44, low 2138.15
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP $1.41
Gold UP $7.20
Canadian $ Down 16 tick @ .6877
VIX Down 6.87% @ 14.23
In my portfolio Added 110% TCK @ 20.44
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are UP
@ 2.36 following are red :
AAPL TCK TWLO ACIA GWPH NTES TRIL NTNX SINA
FEYE WB YELP MU NXPI MSFT CRUS ZG.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 18, 2016
Indices closed UP .42% to .85%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2139.60, high 2144.38, low 2135.49
RSI @ 45.93
CMF @ -0.010
Internals were :
UP volume led by 3.70 to 1 in NYSE & 2.74 to 1 in Nasdaq
Advancing stocks led by 3.24 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 52 in NYSE & lows by 18 in Nasdaq
VIX Down 5.74% @ 15.28
Oil @ $50.29
Gold @ $1262.90
Stocks which were UP 1% or more included TCK TWLO VRX
GOOG NTES QRVO KORS CTRP SPLK ABX TSLA TRIL
LULU UA OLED KGC JKS CSIQ NFLX SINA SU FFIV
PCLN CHK SWN TK RIG FEYE LNG MU AAL X
LRCX SLW AEM MS CSOD ZG GS AGU TRIP...
AH ER..INTC Down 5.35%, ISRG Down 2.19%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE staged a decent UP move on strong earnings from NFLX, & GS. Indices are still below 50 DMA, although Nasdaq is only 5 points below. Many stocks participated in today's rally, which is a good sign. Tonight earnings are negative from INTC, which may affect SOX in particular and Nasdaq in general tomorrow. Look for opportunity to buy, when stock is on sale.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2139.60, high 2144.38, low 2135.49
RSI @ 45.93
CMF @ -0.010
Internals were :
UP volume led by 3.70 to 1 in NYSE & 2.74 to 1 in Nasdaq
Advancing stocks led by 3.24 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 52 in NYSE & lows by 18 in Nasdaq
VIX Down 5.74% @ 15.28
Oil @ $50.29
Gold @ $1262.90
Stocks which were UP 1% or more included TCK TWLO VRX
GOOG NTES QRVO KORS CTRP SPLK ABX TSLA TRIL
LULU UA OLED KGC JKS CSIQ NFLX SINA SU FFIV
PCLN CHK SWN TK RIG FEYE LNG MU AAL X
LRCX SLW AEM MS CSOD ZG GS AGU TRIP...
AH ER..INTC Down 5.35%, ISRG Down 2.19%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE staged a decent UP move on strong earnings from NFLX, & GS. Indices are still below 50 DMA, although Nasdaq is only 5 points below. Many stocks participated in today's rally, which is a good sign. Tonight earnings are negative from INTC, which may affect SOX in particular and Nasdaq in general tomorrow. Look for opportunity to buy, when stock is on sale.
BLOG does NOT give buy or sell.
Saleem
Indices UP .47% to 1.09%....NICE !!!!
Indices are higher & @ high of the day, on good earning report from GS & NFLX. Oil is also stable and slightly higher.
S&P 500 @ 2142.24, high 2144.38, low 2135.49
Internals are positive by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP 20 cents
Gold UP $6.20
Canadian $ UP 5 tick @ .6882
VIX Down 5.86% @ 15.26
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are UP
@ 2.26 following are red :
CMG CRM GWPH ZYNE V DNKN YUM YELP AMCC
AKS MCD MGA WYNN.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2142.24, high 2144.38, low 2135.49
Internals are positive by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil UP 20 cents
Gold UP $6.20
Canadian $ UP 5 tick @ .6882
VIX Down 5.86% @ 15.26
Portfolio AMD AMZN AAPL CNQ CMG TCK TWLO VRX
Most stocks are UP
@ 2.26 following are red :
CMG CRM GWPH ZYNE V DNKN YUM YELP AMCC
AKS MCD MGA WYNN.....
BLOG does NOT give buy or sell.
Saleem
Monday, October 17, 2016
Indices closed down .27% to .30%.....
Indices closed down.
S&P 500 @ 2126.50, low 2124.43, high 2135.61
RSI @ 40.52
CMF @ -0.047
Internals were :
Down volume led by 1.65 to 1 in NYSE & 1.79 to 1 in Nasdaq
Declining stocks led by 1.51 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & lows by 74 in Nasdaq
VIX UP .56% @ 16.21
Oil @ $49.94
Gold @ $1256.60
AH ER ...NFLX UP 19.66%, IBM Down 3.04%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure again and closed near low of the day, negativity is due to fed speak, election jitters and lower oil. Earning season have started and there was a surprise upbeat result from NFLX tonight. Many strong stocks have pulled back to support area and are ready for up move. I did many switch to better position in earnings season, more switch to follow.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2126.50, low 2124.43, high 2135.61
RSI @ 40.52
CMF @ -0.047
Internals were :
Down volume led by 1.65 to 1 in NYSE & 1.79 to 1 in Nasdaq
Declining stocks led by 1.51 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & lows by 74 in Nasdaq
VIX UP .56% @ 16.21
Oil @ $49.94
Gold @ $1256.60
AH ER ...NFLX UP 19.66%, IBM Down 3.04%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure again and closed near low of the day, negativity is due to fed speak, election jitters and lower oil. Earning season have started and there was a surprise upbeat result from NFLX tonight. Many strong stocks have pulled back to support area and are ready for up move. I did many switch to better position in earnings season, more switch to follow.
BLOG does NOT give buy or sell.
Saleem
Indices down .24% to .31%.......
Indices are lower due to negativity building up on fed, US election and lower oil, a perfect trifecta for weakness.
S&P 500 @ 2126.91, low 2124.43, high 2135.61
Internals are negative by slightly less than 2 to 1.
Oil Down 42 cents
Gold UP 70 cents
Canadian $ UP 16 tick @ .6868
VIX UP 2.23% @ 16.48
In my portfolio :
Sold LULU @ $55.90
Bought AMZN @ $815.74
Added 25% TWLO @ $46.19
Sold 50% CMG @ $394.61
Bought AAPL @ $117.11
Most stocks are down
@ 2.55 following are green :
CNQ TCK GOOG ACIA KORS ABX ZYNE OLED
LEN YHOO EXPE SU SINA FNSR LNG RIG
BABA YELP SPWR AKS X SLW AEM
CSOD PCLN ZG TRIP.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2126.91, low 2124.43, high 2135.61
Internals are negative by slightly less than 2 to 1.
Oil Down 42 cents
Gold UP 70 cents
Canadian $ UP 16 tick @ .6868
VIX UP 2.23% @ 16.48
In my portfolio :
Sold LULU @ $55.90
Bought AMZN @ $815.74
Added 25% TWLO @ $46.19
Sold 50% CMG @ $394.61
Bought AAPL @ $117.11
Most stocks are down
@ 2.55 following are green :
CNQ TCK GOOG ACIA KORS ABX ZYNE OLED
LEN YHOO EXPE SU SINA FNSR LNG RIG
BABA YELP SPWR AKS X SLW AEM
CSOD PCLN ZG TRIP.
BLOG does NOT give buy or sell.
Saleem
Sunday, October 16, 2016
All indices below 50 DMA.......
All indices are below 50 DMA, Nasdaq is slightly below, while Dow & S&P 500 is well below 50 DMA.
Chaikin Money flow is also negative in S&P 500 & Dow, Nasdaq is barely positive by 2 tick.
RSI is anywhere from 42.47 in S&P 500 to Dow @ 45.63, while Nasdaq is in between @ 43.93
All of this is pointing out a very weak equity environment.
Reasons given are many, from strength of US$ to Fed raising rates.
I have a feeling that this time, US election is also playing a role .
IF US election, is impacting, then we have until October 8th, to wait.
Earnings are in full swing, starting this week, important one from my point of view is AMD on Thursday.
Earnings may give boost to those stocks, which are beating estimates or guiding better than expected.
Last week was very troubling for indices and individual portfolios, last week Nasdaq showed weakness and has closed below 50 DMA.
It is important to have a second look @ your own portfolios, and see its relevance in current uncertain equities environment.
This weakness in equities and indices have come as total surprise to me.
Q4 is suppose to be strong in seasonality.
All i can say, that until October 8th, there may be a pause, before we resume a strong uptrend.
Good luck with your own strategy and your comfort level with current lethargy in stock market.
BLOG does NOT give buy or sell.
Saleem
Chaikin Money flow is also negative in S&P 500 & Dow, Nasdaq is barely positive by 2 tick.
RSI is anywhere from 42.47 in S&P 500 to Dow @ 45.63, while Nasdaq is in between @ 43.93
All of this is pointing out a very weak equity environment.
Reasons given are many, from strength of US$ to Fed raising rates.
I have a feeling that this time, US election is also playing a role .
IF US election, is impacting, then we have until October 8th, to wait.
Earnings are in full swing, starting this week, important one from my point of view is AMD on Thursday.
Earnings may give boost to those stocks, which are beating estimates or guiding better than expected.
Last week was very troubling for indices and individual portfolios, last week Nasdaq showed weakness and has closed below 50 DMA.
It is important to have a second look @ your own portfolios, and see its relevance in current uncertain equities environment.
This weakness in equities and indices have come as total surprise to me.
Q4 is suppose to be strong in seasonality.
All i can say, that until October 8th, there may be a pause, before we resume a strong uptrend.
Good luck with your own strategy and your comfort level with current lethargy in stock market.
BLOG does NOT give buy or sell.
Saleem
Friday, October 14, 2016
Indices closed UP .02% to .22%.....NICE !!!!
Indices closed UP after being much higher earlier, we actually closed @ low of the day.Chinese data was much stronger on Friday vs Thursday's weaker number.Oil was slightly lower. Bank earnings were strong which offset fed hawkish tone.
S&P 500 @ 2132.98, low 2132.98, high 2149.19
RSI @ 42.47
CMF @ -0.050
Internals were :
UP volume led by .86 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 35 in NYSE & lows by 42 in Nasdaq
VIX Down 3.42% @ 16.12
Oil @ $50.35
Gold @ $1255.50
Stocks which were UP 1% or more included AMD TCK
CRM NFLX EXPE EBAY CHK FSLR MU ORCL
MS ZG MLNX......
Here is my weighting :
CMG 27.64%
LULU 26.62%
CNQ 18.13%
VRX 14.22%
TWLO 6.70%
AMD 3.80%
TCK 2.89%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2132.98, low 2132.98, high 2149.19
RSI @ 42.47
CMF @ -0.050
Internals were :
UP volume led by .86 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 35 in NYSE & lows by 42 in Nasdaq
VIX Down 3.42% @ 16.12
Oil @ $50.35
Gold @ $1255.50
Stocks which were UP 1% or more included AMD TCK
CRM NFLX EXPE EBAY CHK FSLR MU ORCL
MS ZG MLNX......
Here is my weighting :
CMG 27.64%
LULU 26.62%
CNQ 18.13%
VRX 14.22%
TWLO 6.70%
AMD 3.80%
TCK 2.89%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 13, 2016
Indices closed down .25% to .49%......
Indices closed down.
S&P 500 @ 2132.55, low 2114.72, high 2138.19
RSI @ 42.30
CMF @ 0.00
Internals were :
Down volume led by 1.86 to 1 in NYSE & 2.03 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 2.55 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & 73 in Nasdaq
VIX UP 4.90% @ 16.69
Oil @ $50.40
Gold @ $1257.60
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE reacted to weak Chinese import and export numbers, fear of Chinese slowdown gripped the market, by close, we were @ half decent numbers. Nasdaq is below 50 DMA, which is very troubling in Q4, which is the strongest seasonality. Strategy should be to stay put and show conviction and patience.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2132.55, low 2114.72, high 2138.19
RSI @ 42.30
CMF @ 0.00
Internals were :
Down volume led by 1.86 to 1 in NYSE & 2.03 to 1 in Nasdaq
Declining stocks led by 2.04 to 1 in NYSE & 2.55 to 1 in Nasdaq
Net new 52 wk lows were leading by 7 in NYSE & 73 in Nasdaq
VIX UP 4.90% @ 16.69
Oil @ $50.40
Gold @ $1257.60
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE reacted to weak Chinese import and export numbers, fear of Chinese slowdown gripped the market, by close, we were @ half decent numbers. Nasdaq is below 50 DMA, which is very troubling in Q4, which is the strongest seasonality. Strategy should be to stay put and show conviction and patience.
BLOG does NOT give buy or sell.
Saleem
Indices down .26% to .47%.....
Indices are down on lower than expected import and export data from China, renewing fear of slowing Chinese GDP growth.Strangely Oil & Gold are higher, indices have erased majority of morning losses & is trading @ high of the day.
S&P 500 @ 2134.72, low 2114.72, high 2135.94
Internals are negative by almost 2 to 1
Oil UP 20 cents...16 month high
Gold UP $6.00
Canadian $ UP 82 tick @ .6808
VIX UP 3.58% @ 16.48
In my portfolio Bought TCK @ $17.77
Portfolio AMD CNQ CMG LULU TCK TWLO VRX
Most stocks are down
@ 2.28 following are green :
LULU ACIA GWPH NTNX NFLX CSIQ SU YUM
CHK SWN FSLR MU OLED AAL MCD SLW
AEM ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2134.72, low 2114.72, high 2135.94
Internals are negative by almost 2 to 1
Oil UP 20 cents...16 month high
Gold UP $6.00
Canadian $ UP 82 tick @ .6808
VIX UP 3.58% @ 16.48
In my portfolio Bought TCK @ $17.77
Portfolio AMD CNQ CMG LULU TCK TWLO VRX
Most stocks are down
@ 2.28 following are green :
LULU ACIA GWPH NTNX NFLX CSIQ SU YUM
CHK SWN FSLR MU OLED AAL MCD SLW
AEM ......
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 12, 2016
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2139.17, high 2145.36, low 2132.77
RSI @ 44.18
CMF @ 0.011
Internals were :
UP volume led by 1.17 to 1 in NYSE & .70 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & .92 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & lows by 25 in Nasdaq
VIX UP 3.58% @ 15.91
Oil @ $50.18
Gold @ $1253.80
Stocks which were UP 1% or more included AMD
TCK NTES KORS ABX UA KGC CSIQ
SINA SWN WB SLW AEM FCX.....
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed near low of the day on lower oil & Fed minutes, minutes are telling some, that a rate hike is all set for December, thus a pullback by end of the day. There is lot of trading left between now & December hike, IF it comes.Nasdaq was weak today, as its internals were mostly negative. Stay with a game plan which works for you.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2139.17, high 2145.36, low 2132.77
RSI @ 44.18
CMF @ 0.011
Internals were :
UP volume led by 1.17 to 1 in NYSE & .70 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & .92 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & lows by 25 in Nasdaq
VIX UP 3.58% @ 15.91
Oil @ $50.18
Gold @ $1253.80
Stocks which were UP 1% or more included AMD
TCK NTES KORS ABX UA KGC CSIQ
SINA SWN WB SLW AEM FCX.....
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed near low of the day on lower oil & Fed minutes, minutes are telling some, that a rate hike is all set for December, thus a pullback by end of the day. There is lot of trading left between now & December hike, IF it comes.Nasdaq was weak today, as its internals were mostly negative. Stay with a game plan which works for you.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after release of fed meeting minutes, some are worried about recession, IF there is a delay in raising interest rate. TAPE is not buying this thesis and more or less is staying near earlier level.which is high of the day. Oil being down is a more worry for market.
S&P 500 @ 2143.54, high 2143.85, low 2132.77
Internals are mostly positive.
Oil Down 63 cents
Gold Down $1.60
Canadian $ UP 30 tick @ .6770
VIX UP .26% @ 15.40
Portfolio AMD CNQ CMG LULU TWLO VRX
Most stocks are higher
@ 2.15 following are red :
CMG TWLO VRX GWPH BIDU CTRP SPLK
ZYNE TRIL OLED FFIV TK RIG FEYE
SPWR CIEN AAL PANW LRCX
DATA CSOD MS WYNN
YELP MLNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2143.54, high 2143.85, low 2132.77
Internals are mostly positive.
Oil Down 63 cents
Gold Down $1.60
Canadian $ UP 30 tick @ .6770
VIX UP .26% @ 15.40
Portfolio AMD CNQ CMG LULU TWLO VRX
Most stocks are higher
@ 2.15 following are red :
CMG TWLO VRX GWPH BIDU CTRP SPLK
ZYNE TRIL OLED FFIV TK RIG FEYE
SPWR CIEN AAL PANW LRCX
DATA CSOD MS WYNN
YELP MLNX......
BLOG does NOT give buy or sell.
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