Indices closed mixed.
S&P 500 @ 2204.72, high 2204.72, low 2194.51
RSI @ 68.53
CMF @ 0.145
Internals were :
UP volume led by 1.56 to 1 in NYSE & 1.21 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 239 in NYSE & 330 in Nasdaq
VIX UP .16% @ 12.43
Oil @ $47.96
Gold @ $1189.30
Here is my weighting :
CMG 32.54%
BIDU 21.62%
CNQ 17.71%
AMD 11.63%
TWLO 9.90%
WB 6.60%
About market, TAPE was strong again and closed @ absolute high of the day in most indices while missing by minute fractions in others, a mark of incredible technical strength.Dow, S&P 500 & Russell all closed @ new all time highs, Russell has been up 14 days in a row, which is a 20 year old record. Today fed minutes confirmed that December interest rate hike is a given, even that news was ignored by this TAPE. Gold is @ February low.. All i can see that "it's not time yet" for indices to head south. Overbought maybe, but in Y2K rally, we remained overbought for a very long time, pullbacks never lasted more than a day in different stocks. Always see how we close, then draw conclusion about any market.
PS...enjoy your thanksgiving holidays with friends and family.
I will be away on an urgent need in family, thus unable to write my BLOG until December 4th with my usual Sunday BLOG around 2 PM. In the meantime , i hope that stocktrader, can update in comment sections below about his trades, opinions and closing commentary. Thanks in advance to stocktrader for his contribution while i am away.
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 23, 2016
Indices mixed.....
Indices are mixed on mild profit taking. Dow is @ a new all time high. Indices are near high of the day.
S&P 500 @ 2202.24, low 2194.51, high 2203.03
Internals are mixed
Oil UP 9 cents
Gold Down $20.20
Canadian $ Down 38 tick @ .6521
VIX UP 2.66% @ 12.74
Portfolio AMD BIDU CNQ CMG TWLO WB
Most stocks are down
@ 2.14 following are green :
AMD CNQ CMG WB TCK NVDA NEFF FCX AKS
GWPH ZYNE NTNX SBUX JKS LEN TSLA
SINA DNKN FNSR CHK RIG LNG FEYE
YELP JKS CIEN ZG WYNN X M ....
BLOG Does NOT give buy or sell.
Saleem
S&P 500 @ 2202.24, low 2194.51, high 2203.03
Internals are mixed
Oil UP 9 cents
Gold Down $20.20
Canadian $ Down 38 tick @ .6521
VIX UP 2.66% @ 12.74
Portfolio AMD BIDU CNQ CMG TWLO WB
Most stocks are down
@ 2.14 following are green :
AMD CNQ CMG WB TCK NVDA NEFF FCX AKS
GWPH ZYNE NTNX SBUX JKS LEN TSLA
SINA DNKN FNSR CHK RIG LNG FEYE
YELP JKS CIEN ZG WYNN X M ....
BLOG Does NOT give buy or sell.
Saleem
Tuesday, November 22, 2016
Indices closed UP .22% to .35% ....NICE!!!!
Indices closed UP.
S&P 500 @ 2202.94, high 2204.80, low 2194.51
RSI @ 68.08
CMF @ 0.111
Internals were :
UP volume led by 1.62 to 1 in NYSE & 1.44 to 1 in Nasdaq
Advancing stocks led by 2.36 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 253 in NYSE & 346 in Nasdaq
VIX Down 0.08% @ 12.41
Oil @ $48.03
Gold @ $1211.20
Stocks which were UP 1% or more included TWLO WB
TCK NEFF FCX AKS ACIA LULU SBUX JKS TSLA
SINA DNKN YUM CHK SPWR MU CNXN LVS
SLW X M.....
AH ER...URBN Down 10.02%, NMBL Down 12.88%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE remains in overdrive and all indices made a new closing all time highs, Russell is UP for 13 trading days in a row. Yes there is a rotation going on, some sectors are getting deeply overbought, it is important to book profit and wait for those stocks to digest its gains. Nothing goes UP in straight line forever. Do not forget basic trading technique of booking profit when you have a healthy gain. S&P 500 & Nasdaq are also getting ready to cross 70 RSI, this means a pullback is imminent, Dow @ 73.27 is already overbought. It is irresponsible to say that this rally is going straight up from here.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2202.94, high 2204.80, low 2194.51
RSI @ 68.08
CMF @ 0.111
Internals were :
UP volume led by 1.62 to 1 in NYSE & 1.44 to 1 in Nasdaq
Advancing stocks led by 2.36 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 253 in NYSE & 346 in Nasdaq
VIX Down 0.08% @ 12.41
Oil @ $48.03
Gold @ $1211.20
Stocks which were UP 1% or more included TWLO WB
TCK NEFF FCX AKS ACIA LULU SBUX JKS TSLA
SINA DNKN YUM CHK SPWR MU CNXN LVS
SLW X M.....
AH ER...URBN Down 10.02%, NMBL Down 12.88%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE remains in overdrive and all indices made a new closing all time highs, Russell is UP for 13 trading days in a row. Yes there is a rotation going on, some sectors are getting deeply overbought, it is important to book profit and wait for those stocks to digest its gains. Nothing goes UP in straight line forever. Do not forget basic trading technique of booking profit when you have a healthy gain. S&P 500 & Nasdaq are also getting ready to cross 70 RSI, this means a pullback is imminent, Dow @ 73.27 is already overbought. It is irresponsible to say that this rally is going straight up from here.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on lower trade and mild overbought condition. All indices made a new intraday all time highs.
S&P 500 @ 2197.91, low 2194.51, high 2203.56
Internals are positive
Oil Down 52 cents
Gold UP $2.00
Canadian $ Down 30 tick @ .6553
VIX UP 1.37% @ 12.59
In my portfolio :
Added 35% AMD @ $9.13
Sold TCK @ $25.15
Added 50% CMG @ $404.85
Portfolio AMD BIDU CNQ CMG TWLO WB
Most stocks are higher
@ 2.20 following are red :
AMD BIDU CNQ CMG GOOG CRM GWPH NTES
CTRP ZTNE TRIL VRX OLED UA V ABX LEN
NFLX SU TK RIG FEYE AGU MLNX SWIR
MS AEM FB PANW......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2197.91, low 2194.51, high 2203.56
Internals are positive
Oil Down 52 cents
Gold UP $2.00
Canadian $ Down 30 tick @ .6553
VIX UP 1.37% @ 12.59
In my portfolio :
Added 35% AMD @ $9.13
Sold TCK @ $25.15
Added 50% CMG @ $404.85
Portfolio AMD BIDU CNQ CMG TWLO WB
Most stocks are higher
@ 2.20 following are red :
AMD BIDU CNQ CMG GOOG CRM GWPH NTES
CTRP ZTNE TRIL VRX OLED UA V ABX LEN
NFLX SU TK RIG FEYE AGU MLNX SWIR
MS AEM FB PANW......
BLOG does NOT give buy or sell.
Saleem
Monday, November 21, 2016
Indices closed UP .47% to .89%.....NICE!!!!
Indices closed UP.
S&P 500 @ 2198.18, high 2198.70, low 2186.43
RSI @ 66.91
CMF @ 0.051
Internals were :
UP volume led by 3.63 to 1 in NYSE & 2.07 to 1 in Nasdaq
Advancing stocks led by 2.99 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 182 in NYSE & 258 in Nasdaq
VIX Down 3.35% @ 12.42
Oil @ $47.57
Gold @ $1209.80
Stocks which were UP 2% or more included AMD CNQ TCK WB
NEFF FCX AMZN GWPH FB TRIL VRX LULU NFLX DNKN
SU CHK TK RIG LNG AMCC CNX WYNN AGU AEM.....
AH ER....PANW Down 12.58%, WB Down 2.21%
WB earnings report was strong, beating on Top line @ $176.9 million vs expected $173.4 million, and Bottom line of 24 cents vs expected 20 cents, guiding higher Sales of $205 million to $210 million vs expected $197 million for Q4. Conference call starts in 12 minutes @ 8 PM.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was in overdrive and closed @ all time highs in all major indices including Russell, first time this happened since 1999, that was a very good year Y2K boom. Russell closed UP 12 days in a row, first time since 2003. Indices looks very good for future UP moves. Look for stocks which will move faster than market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2198.18, high 2198.70, low 2186.43
RSI @ 66.91
CMF @ 0.051
Internals were :
UP volume led by 3.63 to 1 in NYSE & 2.07 to 1 in Nasdaq
Advancing stocks led by 2.99 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 182 in NYSE & 258 in Nasdaq
VIX Down 3.35% @ 12.42
Oil @ $47.57
Gold @ $1209.80
Stocks which were UP 2% or more included AMD CNQ TCK WB
NEFF FCX AMZN GWPH FB TRIL VRX LULU NFLX DNKN
SU CHK TK RIG LNG AMCC CNX WYNN AGU AEM.....
AH ER....PANW Down 12.58%, WB Down 2.21%
WB earnings report was strong, beating on Top line @ $176.9 million vs expected $173.4 million, and Bottom line of 24 cents vs expected 20 cents, guiding higher Sales of $205 million to $210 million vs expected $197 million for Q4. Conference call starts in 12 minutes @ 8 PM.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was in overdrive and closed @ all time highs in all major indices including Russell, first time this happened since 1999, that was a very good year Y2K boom. Russell closed UP 12 days in a row, first time since 2003. Indices looks very good for future UP moves. Look for stocks which will move faster than market.
BLOG does NOT give buy or sell.
Saleem
Indices UP .37% to .78%....NICE !!!!
Indices are all in new all time highs and near high of the day, thanks to higher oil & tremendous buying frenzy.
S&P 500 @ 2196.18, high 2197.53, low 2186.43
Internals are positive in Nasdaq and 3 to 1 in NYSE.
Oil UP $1.96
Gold UP $1.20
Canadian $ UP 63 tick @ .6564
VIX Down 2.02% @ 12.59
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are UP
@ 2.13 following are red :
CMG ACIA CRM GWPH QRVO SPLK ZYNE OLED
UA NTNX JKS CSIQ SINA YHOO YUM FNSR
BABA SPWR ZG MLNX CSOD MCD CRUS
PANW.....
AH WB reports, here are the expectations :
Sales $173.07 million, EPS 20 cents
Guidance next Q Sales $196.52 million, EPS 24 cents
Expecting a beat.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2196.18, high 2197.53, low 2186.43
Internals are positive in Nasdaq and 3 to 1 in NYSE.
Oil UP $1.96
Gold UP $1.20
Canadian $ UP 63 tick @ .6564
VIX Down 2.02% @ 12.59
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are UP
@ 2.13 following are red :
CMG ACIA CRM GWPH QRVO SPLK ZYNE OLED
UA NTNX JKS CSIQ SINA YHOO YUM FNSR
BABA SPWR ZG MLNX CSOD MCD CRUS
PANW.....
AH WB reports, here are the expectations :
Sales $173.07 million, EPS 20 cents
Guidance next Q Sales $196.52 million, EPS 24 cents
Expecting a beat.......
BLOG does NOT give buy or sell.
Saleem
Sunday, November 20, 2016
Rally in full steam ahead........
Since 9th October to closing on 18th October, indices have rallied sharply, here are some stat to consider :
S&P 500 UP 4.71%
Dow ran up 1000 points in 4 days..is UP 5.50%
Nasdaq UP 6%
SOX UP 9.39%
Russell UP 13%
Here are RSI numbers:
Nasdaq 60.02
S&P 500 62.53
SOX 68.48
Dow 69.17
Russell 75.07
IF you look @ above stats, you will clearly see what has happened in last 8 trading days. When market is this euphoric, then it is hard to predict how far catch up trades will go.
These are unusual time for indices, as they are trying to adjust to new realities of massive infrastructure spending.
Last time this kind of infrastructure spending was proposed was the construction of interstate highway system by President Eisenhower, which brought fast commerce to each corner of USA.
It is almost impossible to quantify the extent of $ allocation @ this stage, but it will be massive.
There are many sectors which will benefit from aggressive expenditure by new administration.
Try to observe stocks which are flying, try to buy them on any sideways action.
Patience and conviction is required, when rotation is happening on a daily basis, IF you snooze, you will not lose.
Good times are here in market, good to be aggressive than conservative.
Good luck with your comfort level with this runaway TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 UP 4.71%
Dow ran up 1000 points in 4 days..is UP 5.50%
Nasdaq UP 6%
SOX UP 9.39%
Russell UP 13%
Here are RSI numbers:
Nasdaq 60.02
S&P 500 62.53
SOX 68.48
Dow 69.17
Russell 75.07
IF you look @ above stats, you will clearly see what has happened in last 8 trading days. When market is this euphoric, then it is hard to predict how far catch up trades will go.
These are unusual time for indices, as they are trying to adjust to new realities of massive infrastructure spending.
Last time this kind of infrastructure spending was proposed was the construction of interstate highway system by President Eisenhower, which brought fast commerce to each corner of USA.
It is almost impossible to quantify the extent of $ allocation @ this stage, but it will be massive.
There are many sectors which will benefit from aggressive expenditure by new administration.
Try to observe stocks which are flying, try to buy them on any sideways action.
Patience and conviction is required, when rotation is happening on a daily basis, IF you snooze, you will not lose.
Good times are here in market, good to be aggressive than conservative.
Good luck with your comfort level with this runaway TAPE.
BLOG does NOT give buy or sell.
Saleem
Friday, November 18, 2016
Indices closed down .19% to .24%.....
Indices closed down on mild profit taking, indices closed @ low of the day. Nasdaq made a new all time high intraday.
S&P 500 @ 2181.90, low 2180.38, high 2189.89
RSI @ 62.53
CMF @ 0.019
Internals were :
UP volume led by .81 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by .91 to 1 in NYSE & 1.18 to 1 in Nasdaq
NET new 52 wk highs were leading by 112 in NYSE & 241 in Nasdaq
VIX Down 3.75% @ 12.85
Oil @ $44.93
Gold @ $1208.70
Canadian $ @ .6481
Stocks which were UP 1% or more ...... AMD CNQ CMG TWLO
NEFF ACIA CRM LVS NTNX DNKN SU YUM FNSR RIG LNG
YELP WYNN SWIR MS CRUS......
Here is my portfolio weighting :
CMG 22.56%
BIDU 22.51%
CNQ 17.91%
TCK 12.47%
TWLO 10.61%
AMD 7.87%
WB 6.07%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2181.90, low 2180.38, high 2189.89
RSI @ 62.53
CMF @ 0.019
Internals were :
UP volume led by .81 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by .91 to 1 in NYSE & 1.18 to 1 in Nasdaq
NET new 52 wk highs were leading by 112 in NYSE & 241 in Nasdaq
VIX Down 3.75% @ 12.85
Oil @ $44.93
Gold @ $1208.70
Canadian $ @ .6481
Stocks which were UP 1% or more ...... AMD CNQ CMG TWLO
NEFF ACIA CRM LVS NTNX DNKN SU YUM FNSR RIG LNG
YELP WYNN SWIR MS CRUS......
Here is my portfolio weighting :
CMG 22.56%
BIDU 22.51%
CNQ 17.91%
TCK 12.47%
TWLO 10.61%
AMD 7.87%
WB 6.07%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, November 17, 2016
Indices UP .19% to .74%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2187.12, high 2188.06, low 2176.65
RSI @ 65.09
CMF @ 0.083
Internals were :
UP volume led by 1.33 to 1 in NYSE & 2.03 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 158 in NYSE & 258 in Nasdaq
VIX Down 2.70% @ 13.35
Oil @ $45.42
Gold @ $1216.90
Stocks which were UP 1% or more included AMD
AMZN AKS CRM NTES QRVO FB SPLK LVS
ZYNE V LULU LEN MSFT EXPE EBAY RIG
FEYE LNG BABA YELP MU ZG WYNN
GS TRIP DATA ORCL MS CRUS TSLA
AAL M PANW LRCX.....
AH ER...CRM UP 5.51%, GPS Down 4.07%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed near high of the day. S&P 500 only 7 points away from making new all time high, while Nasdaq only 10 points away from new all time high, all strong technical indicator. Shipping stocks took it on the chin today, as speculation was in overdrive. Rally is broadening now in many sectors, stay with your best ideas and add when price is right.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2187.12, high 2188.06, low 2176.65
RSI @ 65.09
CMF @ 0.083
Internals were :
UP volume led by 1.33 to 1 in NYSE & 2.03 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk highs were leading by 158 in NYSE & 258 in Nasdaq
VIX Down 2.70% @ 13.35
Oil @ $45.42
Gold @ $1216.90
Stocks which were UP 1% or more included AMD
AMZN AKS CRM NTES QRVO FB SPLK LVS
ZYNE V LULU LEN MSFT EXPE EBAY RIG
FEYE LNG BABA YELP MU ZG WYNN
GS TRIP DATA ORCL MS CRUS TSLA
AAL M PANW LRCX.....
AH ER...CRM UP 5.51%, GPS Down 4.07%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed near high of the day. S&P 500 only 7 points away from making new all time high, while Nasdaq only 10 points away from new all time high, all strong technical indicator. Shipping stocks took it on the chin today, as speculation was in overdrive. Rally is broadening now in many sectors, stay with your best ideas and add when price is right.
BLOG does NOT give buy or sell.
Saleem
Indices UP .01% to .62%.....NICE !!!!
Indices are UP and near high of the day on renewed buying in many sectors.
S&P 500 @ 2185.49, high 2188.06, low 2176.65
Internals are positive by 2 to 1 in Nasdaq
Oil Down 28 cents
Gold Down $9.90
Canadian $ Down 51 tick @ .6507
VIX Down 1.60% @ 13.50
In my portfolio Added 70% BIDU @ $167.67
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are UP
@ 2.26 following are red :
BIDU TWLO ACIA GWPH ABX AAPL OLED NTNX
JKS SINA FSLR SPWR AMCC CIEN SLW AEM....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2185.49, high 2188.06, low 2176.65
Internals are positive by 2 to 1 in Nasdaq
Oil Down 28 cents
Gold Down $9.90
Canadian $ Down 51 tick @ .6507
VIX Down 1.60% @ 13.50
In my portfolio Added 70% BIDU @ $167.67
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are UP
@ 2.26 following are red :
BIDU TWLO ACIA GWPH ABX AAPL OLED NTNX
JKS SINA FSLR SPWR AMCC CIEN SLW AEM....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 16, 2016
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2176.94, low 2172.20, high 2179.22
RSI @ 62.29
CMF @ 0.051
Internals were :
UP volume led by .58 to 1 in NYSE & 1.29 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.11 to 1 in Nasdaq
( not a typo )
Net new 52 wk highs were leading by 87 in NYSE & 172 in Nasdaq
VIX UP 2.62% @ 13.72
Oil @ $45.57
Gold @ $1223.90
AH ER...NTAP UP 10.8%, FSLR Down 12.34%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was mixed but Nasdaq showed strength. Sector rotation is playing a huge role since Wednesday, first it was financial, then Technology and Shipping stocks. Some gets overbought in the process. Stay with your high quality stocks, this rally has lot of momentum. Buy strategically when price is right.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2176.94, low 2172.20, high 2179.22
RSI @ 62.29
CMF @ 0.051
Internals were :
UP volume led by .58 to 1 in NYSE & 1.29 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.11 to 1 in Nasdaq
( not a typo )
Net new 52 wk highs were leading by 87 in NYSE & 172 in Nasdaq
VIX UP 2.62% @ 13.72
Oil @ $45.57
Gold @ $1223.90
AH ER...NTAP UP 10.8%, FSLR Down 12.34%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was mixed but Nasdaq showed strength. Sector rotation is playing a huge role since Wednesday, first it was financial, then Technology and Shipping stocks. Some gets overbought in the process. Stay with your high quality stocks, this rally has lot of momentum. Buy strategically when price is right.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed on overbought condition in Dow and lower oil. Indices are near low of the day, while Nasdaq is strong for 2nd day and is green.
S&P 500 @ 2175.16, low 2172.20, high 2179.22
Internals are mixed
Oil Down 9 cents
Gold Down 60 cents
Canadian $ UP 27 tick @ .6580
VIX UP 4.64% @ 13.99
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are down
@ 2.12 following are green :
AMD BIDU TWLO GOOG ACIA NTES KORS
SPLK TRIL AAPL UA V SBUX JKS COH
MSFT NFLX YHOO SINA DNKN MA
EXPE FNSR TK BABA SWIR MGA
ORCL MCD CRUS MSFT V M
PANW.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2175.16, low 2172.20, high 2179.22
Internals are mixed
Oil Down 9 cents
Gold Down 60 cents
Canadian $ UP 27 tick @ .6580
VIX UP 4.64% @ 13.99
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are down
@ 2.12 following are green :
AMD BIDU TWLO GOOG ACIA NTES KORS
SPLK TRIL AAPL UA V SBUX JKS COH
MSFT NFLX YHOO SINA DNKN MA
EXPE FNSR TK BABA SWIR MGA
ORCL MCD CRUS MSFT V M
PANW.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 15, 2016
Indices closed UP .29% to 1.10%.....NICE !!!!
Indices closed UP
S&P 500 @ 2180.39, high 2180.84, low 2166.38
RSI @ 63.91
CMF @ 0.044
Internals were :
UP volume led by 2.49 to 1 in NYSE & 2.66 to 1 in Nasdaq
Advancing stocks led by 2.65 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & 174 in Nasdaq
VIX Down 7.67% @ 13.37
Oil @ $45.81
Gold @ $1224.50
Stocks which were UP 2% or more..... AMD CNQ TWLO WB
AMZN GOOG ACIA NTES QRVO CTRP ABX VRX UA LVS
NTNX JKS YHOO SINA DNKN EXPE SU EBAY FNSR
CHK TK LNG YELP SPWR MU WYNN TRIP SWIR
CSOD MGA SLW AEM AAL LRCX....
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong and closed @ high of the day, Dow kept its new all time high mantra, but now S&P 500 is only 14 points away from a new all time high, Nasdaq only 68 points away from new all time high. Now most sectors are participating in this rally, this means that this rally is broadening its appeal, this is very healthy. Even shipping stocks are not so dry anymore. Expect this rally to continue further into all time high record book, as they say, we have only just begun.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2180.39, high 2180.84, low 2166.38
RSI @ 63.91
CMF @ 0.044
Internals were :
UP volume led by 2.49 to 1 in NYSE & 2.66 to 1 in Nasdaq
Advancing stocks led by 2.65 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 110 in NYSE & 174 in Nasdaq
VIX Down 7.67% @ 13.37
Oil @ $45.81
Gold @ $1224.50
Stocks which were UP 2% or more..... AMD CNQ TWLO WB
AMZN GOOG ACIA NTES QRVO CTRP ABX VRX UA LVS
NTNX JKS YHOO SINA DNKN EXPE SU EBAY FNSR
CHK TK LNG YELP SPWR MU WYNN TRIP SWIR
CSOD MGA SLW AEM AAL LRCX....
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was strong and closed @ high of the day, Dow kept its new all time high mantra, but now S&P 500 is only 14 points away from a new all time high, Nasdaq only 68 points away from new all time high. Now most sectors are participating in this rally, this means that this rally is broadening its appeal, this is very healthy. Even shipping stocks are not so dry anymore. Expect this rally to continue further into all time high record book, as they say, we have only just begun.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed on sharply higher oil and @ high of the day. Nasdaq has come back to life and is above 50 DMA.
S&P 500 @ 2173.86, high 2174.60, low 2166.38
Internals are positive, Nasdaq UP volume is more than
4 to 1
Oil UP $2.30
Gold UP $1.00
Canadian $ UP 93 tick @ .6539
VIX Down 6.63% @ 13.52
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are UP
@ 2.29 following are red :
CMG AKS KORS OLED LULU COH LEN CSIQ
FSLR FCX ORCL M......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2173.86, high 2174.60, low 2166.38
Internals are positive, Nasdaq UP volume is more than
4 to 1
Oil UP $2.30
Gold UP $1.00
Canadian $ UP 93 tick @ .6539
VIX Down 6.63% @ 13.52
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are UP
@ 2.29 following are red :
CMG AKS KORS OLED LULU COH LEN CSIQ
FSLR FCX ORCL M......
BLOG does NOT give buy or sell.
Saleem
Monday, November 14, 2016
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2164.20, low 2156.08, high 2171.36
RSI @ 59.32
CMF @ -0.009
Internals were :
UP volume led by 2.00 to 1 in NYSE & 1.59 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 404 in Nasdaq
VIX UP 2.19% @ 14.48
Oil @ $43.3
Gold @ $1221.70
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continues its pattern to reflect upcoming beneficiaries and negatively impacted sectors, this is a new trend which may take time to sort itself out. Dow continues its leadership in its making series of new all time highs. Dow RSI is @ overbought 72.66, Nasdaq RSI @ 51.08 and is below 50 DMA. I keep adjusting my portfolio to reflect current strength and trying to eliminate weaker sectors, this has endless supply and daily occurrence. We need to have core belief in good stocks irrespective of their current weakness, its an emotional selling, which is going in overdrive. Patience & conviction is being tested like so many other times.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2164.20, low 2156.08, high 2171.36
RSI @ 59.32
CMF @ -0.009
Internals were :
UP volume led by 2.00 to 1 in NYSE & 1.59 to 1 in Nasdaq
Advancing stocks led by 1.10 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 404 in Nasdaq
VIX UP 2.19% @ 14.48
Oil @ $43.3
Gold @ $1221.70
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continues its pattern to reflect upcoming beneficiaries and negatively impacted sectors, this is a new trend which may take time to sort itself out. Dow continues its leadership in its making series of new all time highs. Dow RSI is @ overbought 72.66, Nasdaq RSI @ 51.08 and is below 50 DMA. I keep adjusting my portfolio to reflect current strength and trying to eliminate weaker sectors, this has endless supply and daily occurrence. We need to have core belief in good stocks irrespective of their current weakness, its an emotional selling, which is going in overdrive. Patience & conviction is being tested like so many other times.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on slumping oil and change in investors allocation.Dow hit a new all time high intraday.
S&P 500 @ 2163.27, low 2157.73, high 2171.36
Internals are mixed
Oil Down $1.16
Gold Down $6.20
Canadian $ Down 43 tick @ .6417......new low in almost a year
VIX UP 5.79% @ 14.99
In my portfolio
Sold AAPL @ $105.374
Bought TCK @ $22.74
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are down
@ 11.56 following are green :
AMD CMG TCK TWLO AKS GWPH SPLK ZYNE
TWTR NTNX SBUX COH DNKN FFIV YUM
FNSR FSLR SPWR GS AGU CSOD MS
MCD SLW X M PANW LRCX....
BLOG does NOT give buy or sell.
ps...had to go for some chores, thus early BLOG.
Saleem
S&P 500 @ 2163.27, low 2157.73, high 2171.36
Internals are mixed
Oil Down $1.16
Gold Down $6.20
Canadian $ Down 43 tick @ .6417......new low in almost a year
VIX UP 5.79% @ 14.99
In my portfolio
Sold AAPL @ $105.374
Bought TCK @ $22.74
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are down
@ 11.56 following are green :
AMD CMG TCK TWLO AKS GWPH SPLK ZYNE
TWTR NTNX SBUX COH DNKN FFIV YUM
FNSR FSLR SPWR GS AGU CSOD MS
MCD SLW X M PANW LRCX....
BLOG does NOT give buy or sell.
ps...had to go for some chores, thus early BLOG.
Saleem
Sunday, November 13, 2016
New reality of investing & trading......
SO...we have a new President Elect, his focus was well known to the market for months.
Ironically, President elect focus was very similar in infrastructure spending with second place finisher....
Win or lose it was infrastructure spending as core focus of last election....
Rest of the focus of President elect will be subject to major scrutiny by his own team and all the elected officials......
Trade issues will be tackled with great care and sensitivity, any adjustment to tariffs in terms of duties will be of workable arrangement, with consultations with China, Mexico and Canada......
Trade agreement may take about a year in terms of implementation, so nothing unilateral can happen in immediate future.
Issues with EU may not come into play @ all......a low priority in scope of issue.
On the positive side, election is over.....
- We have one party majority in house, senate and governorship......
- SO..whatever President proposes will get smooth approval.....
- No more Government shut down or threat of it......
- This could be a very positive environment for GDP & Jobs growth......
- Prosperity means higher disposable income ......
- All this bodes well for Stock market and indices.......
Beside infrastructure related stocks like steels, copper, cement & construction, there will be other related beneficiaries like trucks & Railroads.
Technology will also benefit with repatriation of billions from overseas @ low rates or even free repatriation, AAPL is a huge beneficiary plus GOOG, IBM, HPQ to name a few....
YES...new reality is different, but everyone will adjust to this reality.
SO...expect continued series of all time highs in all indices, as honeymoon with new President will continue till end of March.......
Markets have been extremely volatile with polls and its implications, but now it is going to overdo in celebration of new focus.
Change is good, adjusting to it takes time.
SO...rethink portfolio in terms of new President and his ability, to make many adjustments to bring everyone along.
I remain positive!
BLOG does NOT give buy or sell.
Saleem
Ironically, President elect focus was very similar in infrastructure spending with second place finisher....
Win or lose it was infrastructure spending as core focus of last election....
Rest of the focus of President elect will be subject to major scrutiny by his own team and all the elected officials......
Trade issues will be tackled with great care and sensitivity, any adjustment to tariffs in terms of duties will be of workable arrangement, with consultations with China, Mexico and Canada......
Trade agreement may take about a year in terms of implementation, so nothing unilateral can happen in immediate future.
Issues with EU may not come into play @ all......a low priority in scope of issue.
On the positive side, election is over.....
- We have one party majority in house, senate and governorship......
- SO..whatever President proposes will get smooth approval.....
- No more Government shut down or threat of it......
- This could be a very positive environment for GDP & Jobs growth......
- Prosperity means higher disposable income ......
- All this bodes well for Stock market and indices.......
Beside infrastructure related stocks like steels, copper, cement & construction, there will be other related beneficiaries like trucks & Railroads.
Technology will also benefit with repatriation of billions from overseas @ low rates or even free repatriation, AAPL is a huge beneficiary plus GOOG, IBM, HPQ to name a few....
YES...new reality is different, but everyone will adjust to this reality.
SO...expect continued series of all time highs in all indices, as honeymoon with new President will continue till end of March.......
Markets have been extremely volatile with polls and its implications, but now it is going to overdo in celebration of new focus.
Change is good, adjusting to it takes time.
SO...rethink portfolio in terms of new President and his ability, to make many adjustments to bring everyone along.
I remain positive!
BLOG does NOT give buy or sell.
Saleem
Friday, November 11, 2016
Indices closed mixed.....
Indices closed mixed but Dow maintained its another record high close, Nasdaq came along for the ride after 2 days of slump, Nasdaq is hair below 50 DMA. Oil & Gold took another hit.
S&P 500 @ 2164.45, low 2152.49, high 2165.92
RSI @ 59.43
CMF -0.037
Internals were :
UP volume led by 1.10 to 1 in NYSE & 2.57 to 1 in Nasdaq
Advancing stocks led by 1.16 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 320 in Nasdaq
VIX Down 3.87% @ 14.17
Oil @ $43.41
Gold @ $1224.30
Stocks which were UP 1% or more included AMD CMG WB
TCK AKS CRM NTES QRVO ZYNE TRIL VRX OLED
LULU NTNX TSLA CSIQ EBAY FNSR TK FEYE
SPWR MU CIEN FCX ZG GS MLNX SWIR
CSOD MS CRUS AAL X M PANW LRCX.....
Here is my portfolio weighting :
AAPL 23.23%
CMG 22.69%
CNQ 17.87%
BIDU 13.96%
TWLO 9.47%
WB 6.49%
AMD 6.29%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2164.45, low 2152.49, high 2165.92
RSI @ 59.43
CMF -0.037
Internals were :
UP volume led by 1.10 to 1 in NYSE & 2.57 to 1 in Nasdaq
Advancing stocks led by 1.16 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 320 in Nasdaq
VIX Down 3.87% @ 14.17
Oil @ $43.41
Gold @ $1224.30
Stocks which were UP 1% or more included AMD CMG WB
TCK AKS CRM NTES QRVO ZYNE TRIL VRX OLED
LULU NTNX TSLA CSIQ EBAY FNSR TK FEYE
SPWR MU CIEN FCX ZG GS MLNX SWIR
CSOD MS CRUS AAL X M PANW LRCX.....
Here is my portfolio weighting :
AAPL 23.23%
CMG 22.69%
CNQ 17.87%
BIDU 13.96%
TWLO 9.47%
WB 6.49%
AMD 6.29%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 10, 2016
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2167.48, high 2182.30, low 2151.17
RSI @ 60.67
CMF @ -0.125
Internals were :
UP volume led by 1.42 to 1 in NYSE & .91 to 1 in Nasdaq
Advancing stocks led by .87 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 300 in Nasdaq
VIX UP 2.5% @ 14.74
Oil @ $44.66
Gold @ $1266.40
AH ER...NVDA UP 15.10%, JWN UP 4.41%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Dow ended @ new all time high, financials roared higher. Nasdaq closed below 50 DMA. There is a fear that techs will be penalized in new US policy, based on where production takes place and Chinese stocks will be impacted due to trade issues. I do not believe that any of those issues will be back dated, yes encouragement will be given for producing locally to create jobs. Trade wars do not help anyone, By the way, technology selling is getting overdone. There is a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2167.48, high 2182.30, low 2151.17
RSI @ 60.67
CMF @ -0.125
Internals were :
UP volume led by 1.42 to 1 in NYSE & .91 to 1 in Nasdaq
Advancing stocks led by .87 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 109 in NYSE & 300 in Nasdaq
VIX UP 2.5% @ 14.74
Oil @ $44.66
Gold @ $1266.40
AH ER...NVDA UP 15.10%, JWN UP 4.41%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Dow ended @ new all time high, financials roared higher. Nasdaq closed below 50 DMA. There is a fear that techs will be penalized in new US policy, based on where production takes place and Chinese stocks will be impacted due to trade issues. I do not believe that any of those issues will be back dated, yes encouragement will be given for producing locally to create jobs. Trade wars do not help anyone, By the way, technology selling is getting overdone. There is a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed while Dow is @ new all time high and is @ high of the day. Oil is lower.
S&P 500 @ 2171.75, high 2182.30, low 2151.17
Internals are mixed
Oil Down 56 cents
Gold Down $9.50
Canadian $ Down 38 tick @ .6543
VIX UP 2.71% @ 14.77
Portfolio AMD AAPL BIDU CNQ CMG TWLO WB
Most stocks are down
@ 2.38 following are UP
CMG AKS GWPH KORS TRIL VRX OLED COH
LEN RIG FEYE SPWR CIEN FCX GS AGU
COH DATA SWIR MGA MS M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2171.75, high 2182.30, low 2151.17
Internals are mixed
Oil Down 56 cents
Gold Down $9.50
Canadian $ Down 38 tick @ .6543
VIX UP 2.71% @ 14.77
Portfolio AMD AAPL BIDU CNQ CMG TWLO WB
Most stocks are down
@ 2.38 following are UP
CMG AKS GWPH KORS TRIL VRX OLED COH
LEN RIG FEYE SPWR CIEN FCX GS AGU
COH DATA SWIR MGA MS M.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 9, 2016
Indices closed UP 1.11% to 1.40%....NICE !!!!
Indices closed UP.
S&P 500 @ 2163.26, high 2170.10, low 2125.35
RSI @ 59.58
CMF @ -0.110
Internals were :
UP volume led by 2.69 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks led by 1.24 to 1 in NYSE & 2.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq
VIX Down 23.27% @ 14.38
Oil @ $45.27
Gold @ 1273.50
Stocks which were UP 1% or more included CNQ TWLO WB
AKS ACIA GWPH NTES QRVO ZYNE TRIL TWTR
LULU VRX NTNX KGC DNKN FFIV FNSR TK
CHK RIG AMCC CIEN FCX WYNN GS MS
DATA ORCL SLW AEM AAL X M PANW...
AH ER..NTES Down 5.11%, SPWR Down 2.14%
AH Futures Mixed
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE took off after open on conciliatory tone of contestants in the wake of election outcome. Technical health of market is looking outstanding, all indices are above 50 DMA, Dow is ready to take all time high, its only 80 points away. Tech leaders did not behave well @ all, some are caught in partisanship and some on overseas production issue, while some may benefit on repatriation of $ under low tax rate, all this cross current on day one caught some flat footed. Many stocks in new sectors can be bought still.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2163.26, high 2170.10, low 2125.35
RSI @ 59.58
CMF @ -0.110
Internals were :
UP volume led by 2.69 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks led by 1.24 to 1 in NYSE & 2.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq
VIX Down 23.27% @ 14.38
Oil @ $45.27
Gold @ 1273.50
Stocks which were UP 1% or more included CNQ TWLO WB
AKS ACIA GWPH NTES QRVO ZYNE TRIL TWTR
LULU VRX NTNX KGC DNKN FFIV FNSR TK
CHK RIG AMCC CIEN FCX WYNN GS MS
DATA ORCL SLW AEM AAL X M PANW...
AH ER..NTES Down 5.11%, SPWR Down 2.14%
AH Futures Mixed
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE took off after open on conciliatory tone of contestants in the wake of election outcome. Technical health of market is looking outstanding, all indices are above 50 DMA, Dow is ready to take all time high, its only 80 points away. Tech leaders did not behave well @ all, some are caught in partisanship and some on overseas production issue, while some may benefit on repatriation of $ under low tax rate, all this cross current on day one caught some flat footed. Many stocks in new sectors can be bought still.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .68% to 1.24%....NICE !!!!
Indices are sharply higher & @ high of the day on election results, which surprised most. Oil is higher. Election uncertainty is gone.
S&P 500 @ 2159.54, high 2163.45, low 2125.35
Internals are positive by 2 to 1
Oil UP 35 cents
Gold UP $1.90
Canadian $ Down 77 tick @ .6586
VIX Down 17.93% @ 15.38
In my portfolio Bought WB in pre market @ $44.79
Portfolio AMD AAPL BIDU CNQ CMG TWLO WB
Most stocks are UP
@ 2.22 following are red :
BIDU CMG GOOG CRM FB CTRP TSLA AMZN
BABA JKS CSIQ EXPE PCLN FSLR SPWR
MU TRIP SWIR MGA MSFT LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2159.54, high 2163.45, low 2125.35
Internals are positive by 2 to 1
Oil UP 35 cents
Gold UP $1.90
Canadian $ Down 77 tick @ .6586
VIX Down 17.93% @ 15.38
In my portfolio Bought WB in pre market @ $44.79
Portfolio AMD AAPL BIDU CNQ CMG TWLO WB
Most stocks are UP
@ 2.22 following are red :
BIDU CMG GOOG CRM FB CTRP TSLA AMZN
BABA JKS CSIQ EXPE PCLN FSLR SPWR
MU TRIP SWIR MGA MSFT LRCX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 8, 2016
Indices closed UP .38% to .53%....NICE !!!!
Indices closed UP.
S&P 500 @ 2139.53, high 2146.87, low 2123.56
RSI @ 52.69
CMF @ -0.177
Internals were :
UP volume led by 1.38 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & lows by 20 in Nasdaq
VIX UP .16% @ 18.74
Oil @ $44.98
Gold @ $1274.50
Stocks which were UP 1% or more included TWLO
TCK AKS GOOG ACIA FB LULU OLED LVS
NTNX JKS QRVO CSIQ PCLN FNSR RIG
YELP SPWR FCX AGU DATA SWIR
CSOD MCD X.....
AH ER....TRIP Down 13.3%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was UP another day, good technical indicator. US election anticipated results are driving this market higher, polls are coming in as expected, that may propel markets higher on Wednesday. Internals are still not as positive as it could be, CMF is negative and new lows leading in Nasdaq. Stay with your high comfort stocks in this uptrend.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2139.53, high 2146.87, low 2123.56
RSI @ 52.69
CMF @ -0.177
Internals were :
UP volume led by 1.38 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & lows by 20 in Nasdaq
VIX UP .16% @ 18.74
Oil @ $44.98
Gold @ $1274.50
Stocks which were UP 1% or more included TWLO
TCK AKS GOOG ACIA FB LULU OLED LVS
NTNX JKS QRVO CSIQ PCLN FNSR RIG
YELP SPWR FCX AGU DATA SWIR
CSOD MCD X.....
AH ER....TRIP Down 13.3%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was UP another day, good technical indicator. US election anticipated results are driving this market higher, polls are coming in as expected, that may propel markets higher on Wednesday. Internals are still not as positive as it could be, CMF is negative and new lows leading in Nasdaq. Stay with your high comfort stocks in this uptrend.
BLOG does NOT give buy or sell.
Saleem
Indices UP .52% to .65%....NICE !!!!
Indices are higher on higher oil & anticipation of desired outcome of US election.
S&P 500 @ 2142.04, high 2146.87, low 2123.56
Internals are positive
Oil UP 33 cents
Gold Down $4.00
Canadian $ UP 37 ticks @ .6678
VIX Down 4.06% @ 17.95
In my portfolio Sold VRX @ $14.00
Portfolio AMD AAPL BIDU CNQ CMG TWLO
Most stocks are higher
@ 2.07 following are down :
BIDU CMG VRX NTES SPLK ZYNE LEN NFLX
WB FSLR WYNN.....
VRX earning report was a miss in Q3 Sales & EPS, they are guiding lower for Q4 and for 2017, conference call highlighted many issues, which management has no handle on. Also, they do not see any need for Salix sale unless price is above their own projection of its value.....thus my exit.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2142.04, high 2146.87, low 2123.56
Internals are positive
Oil UP 33 cents
Gold Down $4.00
Canadian $ UP 37 ticks @ .6678
VIX Down 4.06% @ 17.95
In my portfolio Sold VRX @ $14.00
Portfolio AMD AAPL BIDU CNQ CMG TWLO
Most stocks are higher
@ 2.07 following are down :
BIDU CMG VRX NTES SPLK ZYNE LEN NFLX
WB FSLR WYNN.....
VRX earning report was a miss in Q3 Sales & EPS, they are guiding lower for Q4 and for 2017, conference call highlighted many issues, which management has no handle on. Also, they do not see any need for Salix sale unless price is above their own projection of its value.....thus my exit.
BLOG does NOT give buy or sell.
Saleem
Monday, November 7, 2016
Indices closed UP 2.08% to 2.37%....NICE !!!!
Indices closed UP.
S&P 500 @ 2131.52, high 2132.00, low 2100.59
RSI @ 50.01
CMF @ -0.222
Internals were :
UP volume led by 10.85 to 1 in NYSE & 5.90 to 1 in Nasdaq
Advancing stocks led by 4.66 to 1 in NYSE & 4.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & lows by 2 in Nasdaq
VIX Down 16.88% @ 18.71
Oil @ $44.89
Gold @ $1279.40
Stocks which were UP 3% or more included AMD CMG
TCK AKS ACIA GWPH NTES SPLK ZYNE AMZN
SBUX CSIQ SINA WB YUM PCLN CHK FEYE
FSLR SPWR CIEN GS AGU CSOD MS AAL
OLED X LRCX......
AH ER...PCLN UP 5.12%, HTZ Down 31.03%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong and closed @ high of the day, internals were mostly strong. Today's run may run into profit taking on news which is Wednesday, Tuesday is a hold day. Wednesday by close could be a better timing to add to your existing position or add new exposure. There is an election fatigue for everyone, thus a pause for couple of days is welcome relief.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2131.52, high 2132.00, low 2100.59
RSI @ 50.01
CMF @ -0.222
Internals were :
UP volume led by 10.85 to 1 in NYSE & 5.90 to 1 in Nasdaq
Advancing stocks led by 4.66 to 1 in NYSE & 4.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & lows by 2 in Nasdaq
VIX Down 16.88% @ 18.71
Oil @ $44.89
Gold @ $1279.40
Stocks which were UP 3% or more included AMD CMG
TCK AKS ACIA GWPH NTES SPLK ZYNE AMZN
SBUX CSIQ SINA WB YUM PCLN CHK FEYE
FSLR SPWR CIEN GS AGU CSOD MS AAL
OLED X LRCX......
AH ER...PCLN UP 5.12%, HTZ Down 31.03%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong and closed @ high of the day, internals were mostly strong. Today's run may run into profit taking on news which is Wednesday, Tuesday is a hold day. Wednesday by close could be a better timing to add to your existing position or add new exposure. There is an election fatigue for everyone, thus a pause for couple of days is welcome relief.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.99% to 2.35%....NICE !!!!
Indices are sharply higher & @ high of the day, on clarity of US election. Indices were deeply oversold and were due for a major reversal. Oil is slightly higher.
S&P 500 @ 2128.98, high 2129.49, low 2100.59
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP 43 cents
Gold Down $23.70
Canadian $ UP 32 tick @ .6630
VIX Down 16.66% @ 18.76
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are UP
@ 2.03 following are red :
TWLO VRX QRVO ABX LULU NTNX KGC AEM.....
Before open on Tuesday, VRX is reporting, here are the expectations:
Sales $2.49 billion, EPS $1.75
Guidance next Q Sales $2.61 billion, EPS $2.04
There is a strong speculation, that VRX will guide down, IF
that does not happen.....it will move sharply higher.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2128.98, high 2129.49, low 2100.59
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP 43 cents
Gold Down $23.70
Canadian $ UP 32 tick @ .6630
VIX Down 16.66% @ 18.76
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are UP
@ 2.03 following are red :
TWLO VRX QRVO ABX LULU NTNX KGC AEM.....
Before open on Tuesday, VRX is reporting, here are the expectations:
Sales $2.49 billion, EPS $1.75
Guidance next Q Sales $2.61 billion, EPS $2.04
There is a strong speculation, that VRX will guide down, IF
that does not happen.....it will move sharply higher.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 6, 2016
Are we done with slumping indices......
From August 15th to November 4th...last 11 weeks has seen some of the most painful decline in markets, it has been a straight line decline in all indices, here is some of those stat :
S&P 500 lost 110.02 points or 5.02%
Nasdaq lost 308.47 points or 5.77%
S&P 500 RSI @ 28.26
Nasdaq RSI @ 28.07
It is not % loss which is alarming, but it is the length of this decline, which is painful.
Reason given for this decline started with US$ strength, then Fed intention of raising interest rate and finally it was election in US.
As we all know that election IS coming to an end in 2 business days.
There is more clarity now in this election than last week, baring any more surprises, it bodes well for Monday and Tuesday's trading.
We are "deeply oversold" which i have not seen since June, IF we factor RSI numbers, we are all set for a "major rebound"
All indices and strong stocks are near 200 DMA, which we have not seen since June or even as far back as 2015.
All of the above stat proves, that we are so oversold, that a little patience and conviction will go a long way to recoup most losses.
Stock market hates uncertainty, we all know that last week, created major uncertainty in US election.
Hopefully, winner of US election will be evident to all participant, and they will position themselves to benefit from an imminent election rally.
It has been tough 11 week for most portfolio, but, that is behind us.
Going forward, it should be a very profitable, as post election rally takes hold.
Good luck with your own analysis and comfort level with this TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 lost 110.02 points or 5.02%
Nasdaq lost 308.47 points or 5.77%
S&P 500 RSI @ 28.26
Nasdaq RSI @ 28.07
It is not % loss which is alarming, but it is the length of this decline, which is painful.
Reason given for this decline started with US$ strength, then Fed intention of raising interest rate and finally it was election in US.
As we all know that election IS coming to an end in 2 business days.
There is more clarity now in this election than last week, baring any more surprises, it bodes well for Monday and Tuesday's trading.
We are "deeply oversold" which i have not seen since June, IF we factor RSI numbers, we are all set for a "major rebound"
All indices and strong stocks are near 200 DMA, which we have not seen since June or even as far back as 2015.
All of the above stat proves, that we are so oversold, that a little patience and conviction will go a long way to recoup most losses.
Stock market hates uncertainty, we all know that last week, created major uncertainty in US election.
Hopefully, winner of US election will be evident to all participant, and they will position themselves to benefit from an imminent election rally.
It has been tough 11 week for most portfolio, but, that is behind us.
Going forward, it should be a very profitable, as post election rally takes hold.
Good luck with your own analysis and comfort level with this TAPE.
BLOG does NOT give buy or sell.
Saleem
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