Indices closed mixed.
S&P 500 @ 2278.87, low 2267.21, high 2279.09
RSI @ 55.36
CMF @ 0.282
Internals were :
UP volume led by 1.30 to 1 in NYSE & 1.18 to 1 in Nasdaq
Advancing stocks led by 1.75 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 55 in NYSE & 38 in Nasdaq
VIX UP .93% @ 11.99
Oil @ $52.81
Gold @ $1211.40
AH ER...AMD UP 3.57%, AAPL UP 3.02%
AMD earnings reports was a beat on Sales and EPS, guiding higher than expectations.
OCLR guidance was higher than expectations, conference call was upbeat. Down 1.63% AH.
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE erased most of the losses by close, Nasdaq closed UP. CMF is @ highest level in 6 weeks. Indices have discounted damage due to immigration issue. Internals closed positive all over from earlier negative bias. Looks like Wednesday should be a good day. Fed statement should be positive for market.
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 31, 2017
Indices lower by .53% to .91%......
Indices are @ low of the day, on ongoing concern about immigration policies, and its impact on trade and commerce. Oil & gold are higher.
S&P 500 @ 2269.19, low 2267.21, high 2276.49
Internals are negative.
Oil UP 38 cents
Gold UP $18.60
Canadian $ UP 94 tick @ .6978
VIX UP 6.82% @ 12.69
Portfolio AMD BIDU CNQ FCX GG OCLR TECK
Most stock are lower
@ 2.07 following are green :
BIDU CNQ FCX GG TECK PI OPK VRX NEFF
NTES ABX CMG OLED TWTR KGC COH
TSLA SINA FEYE WB LNG BABA SLW
AEM TRIP PANW.....
AMD is reporting AH, here are the expectations :
Sales $1.07 billion, EPS loss 2 cents
Guidance next Q Sales $962.72 million, EPS loss 4 cents
It is all about release date of two chips.......
OCLR reporting AH, here are the expectations :
Guidance next Q Sales $146 million, EPS 14 cents
OCLR has already pre-released last Q .....expected share price movement 14%+-
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2269.19, low 2267.21, high 2276.49
Internals are negative.
Oil UP 38 cents
Gold UP $18.60
Canadian $ UP 94 tick @ .6978
VIX UP 6.82% @ 12.69
Portfolio AMD BIDU CNQ FCX GG OCLR TECK
Most stock are lower
@ 2.07 following are green :
BIDU CNQ FCX GG TECK PI OPK VRX NEFF
NTES ABX CMG OLED TWTR KGC COH
TSLA SINA FEYE WB LNG BABA SLW
AEM TRIP PANW.....
AMD is reporting AH, here are the expectations :
Sales $1.07 billion, EPS loss 2 cents
Guidance next Q Sales $962.72 million, EPS loss 4 cents
It is all about release date of two chips.......
OCLR reporting AH, here are the expectations :
Guidance next Q Sales $146 million, EPS 14 cents
OCLR has already pre-released last Q .....expected share price movement 14%+-
BLOG does NOT give buy or sell.
Saleem
Monday, January 30, 2017
Indices closed down .60% to .83%......
Indices closed down.
S&P 500 @ 2280.90, low 2268.04, high 2286..01
RSI @ 56.44
CMF @ 0.201
Internals were :
Down volume led by 3.53 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 2.36 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 20 in NYSE & 11 in Nasdaq
VIX UP 12.29% @ 11.88
Oil @ $52.63
Gold @ $1196.00
AH ER..SANM UP 10.87%, RMBS Down 5.44%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure on reaction to immigration executive orders, we erased half of the losses by close. CMF actually rose to the highest level in 6 weeks in all major indices, a sign of buying interest.Hopefully, Tuesday close will be positive. This TAPE is very strong and wants to go higher on upcoming tax, infrastructure and deregulation changes. Judicious buying should pay off nicely.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2280.90, low 2268.04, high 2286..01
RSI @ 56.44
CMF @ 0.201
Internals were :
Down volume led by 3.53 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 2.36 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 20 in NYSE & 11 in Nasdaq
VIX UP 12.29% @ 11.88
Oil @ $52.63
Gold @ $1196.00
AH ER..SANM UP 10.87%, RMBS Down 5.44%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure on reaction to immigration executive orders, we erased half of the losses by close. CMF actually rose to the highest level in 6 weeks in all major indices, a sign of buying interest.Hopefully, Tuesday close will be positive. This TAPE is very strong and wants to go higher on upcoming tax, infrastructure and deregulation changes. Judicious buying should pay off nicely.
BLOG does NOT give buy or sell.
Saleem
Indices are down .97% to 1.14%......
Indices are sharply lower and near low of the day on President Trump latest move to ban 7 countries from getting into US, Syrian refugees are banned indefinitely. This action has been condemned worldwide and by US technology companies, who do hiring from all over the world. Fear of trade and commerce being affected is causing anxiety.
S&P 500 @ 2272.19, low 2268.04, high 2286.01
Internals are negative by almost 4 to 1
Oil Down 42 cents
Gold UP $5.10
Canadian $ UP 41 tick @ .6891
VIX UP 17.20% @ 12.40
Portfolio AMD BIDU CNQ FCX GG OCLR TECK
Most stocks are down
@ 2.03 following are green :
BIDU PI MU ABX CMG TWTR KGC COH QRVO
DNKN FEYE MGA AEM M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2272.19, low 2268.04, high 2286.01
Internals are negative by almost 4 to 1
Oil Down 42 cents
Gold UP $5.10
Canadian $ UP 41 tick @ .6891
VIX UP 17.20% @ 12.40
Portfolio AMD BIDU CNQ FCX GG OCLR TECK
Most stocks are down
@ 2.03 following are green :
BIDU PI MU ABX CMG TWTR KGC COH QRVO
DNKN FEYE MGA AEM M.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 29, 2017
Where is the-best return in 2017 ?
2017 has completed 4 weeks of trading, it is interesting how stocks are faring so far YTD.
It is important to compare your return with best performing index or sector, we are too fixated on comparing with Dow or S&P 500 or Nasdaq.......that may not be the right approach to better your own performance.
Best performing sectors or index beats handily 3 popular averages.
2016 was SOX as the winner with huge outperformance
Now the question is , can SOX match its 2016 performance in 2017....maybe maybe not.
Latest projection from technicians for 2017 are as follows :
Dow UP 4.3%
XLF UP 5.5%
Nasdaq UP 8.6%
SOX UP 11.61%
XLE UP 14.51%
S&P 500 UP 15.00%
RUT UP 24.68%
These are projections for 2017 performance by one technical outfit, which keeps changing, depending on how actual performance is of each sector.
BUT it gives lot of ideas, as to where investing / trading $ should be given.
IF you are ETF focus or mutual fund focus, this gives you some direction also.
This year, my focus is to track best performing sectors / index on an ongoing basis for ideas.
It will be nice to even outperform, a sector like Russell which is predicting 24%++ gain in 2017.
Some of the strategies, which one can apply to beat any sector is to keep an eye on overbought and oversold stocks and trade them accordingly.
Another idea, is to sell short term covered call when any stock is overbought.
In other words, to beat all averages, it will take lot of active trading ideas.
Market is never easy, it gets challenging IF you are emotionally involved with your picks, try to be extremely analytical in terms of its potential vs actual performance.
Be your own critic on a daily basis, by week end, you should know IF your performance is affected by market conditions or wrong pick.
Try to make adjustment in terms of weighting on a bi-weekly basis.
2017 should be very good for small caps in terms of actual performance vs major indices.
Swing trading, writing calls could be a winning strategy!
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
It is important to compare your return with best performing index or sector, we are too fixated on comparing with Dow or S&P 500 or Nasdaq.......that may not be the right approach to better your own performance.
Best performing sectors or index beats handily 3 popular averages.
2016 was SOX as the winner with huge outperformance
Now the question is , can SOX match its 2016 performance in 2017....maybe maybe not.
Latest projection from technicians for 2017 are as follows :
Dow UP 4.3%
XLF UP 5.5%
Nasdaq UP 8.6%
SOX UP 11.61%
XLE UP 14.51%
S&P 500 UP 15.00%
RUT UP 24.68%
These are projections for 2017 performance by one technical outfit, which keeps changing, depending on how actual performance is of each sector.
BUT it gives lot of ideas, as to where investing / trading $ should be given.
IF you are ETF focus or mutual fund focus, this gives you some direction also.
This year, my focus is to track best performing sectors / index on an ongoing basis for ideas.
It will be nice to even outperform, a sector like Russell which is predicting 24%++ gain in 2017.
Some of the strategies, which one can apply to beat any sector is to keep an eye on overbought and oversold stocks and trade them accordingly.
Another idea, is to sell short term covered call when any stock is overbought.
In other words, to beat all averages, it will take lot of active trading ideas.
Market is never easy, it gets challenging IF you are emotionally involved with your picks, try to be extremely analytical in terms of its potential vs actual performance.
Be your own critic on a daily basis, by week end, you should know IF your performance is affected by market conditions or wrong pick.
Try to make adjustment in terms of weighting on a bi-weekly basis.
2017 should be very good for small caps in terms of actual performance vs major indices.
Swing trading, writing calls could be a winning strategy!
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, January 27, 2017
Indices closed mixed......
Indices closed mixed on weak GDP and lower oil, still Nasdaq closed UP.
S&P 500 @ 2294.69, low 2291.62, high 2299.02
RSI @ 64.32
CMF @ 0.193
Internals were :
Down volume led by 1.46 to 1 in NYSE & .84 to 1 in Nasdaq
Declining stocks led by 1.35 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 110 in Nasdaq
VIX Down .47% @ 10.58
Oil @ $53.17
Gold @ $1188.40
Canadian $ @ .6892
Stocks which were UP 1% or more included AMD FCX
MU NEFF LVS JKS MSFT NFLX EBAY FFIV TK
PCLN WB WYNN SLW AEM LRCX......
Here is my portfolio weighting :
BIDU 21.65%
CNQ 16.79%
TECK 15.36%
AMD 13.17%
OCLR 12.39%
GG 10.58%
FCX 9.56%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2294.69, low 2291.62, high 2299.02
RSI @ 64.32
CMF @ 0.193
Internals were :
Down volume led by 1.46 to 1 in NYSE & .84 to 1 in Nasdaq
Declining stocks led by 1.35 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 110 in Nasdaq
VIX Down .47% @ 10.58
Oil @ $53.17
Gold @ $1188.40
Canadian $ @ .6892
Stocks which were UP 1% or more included AMD FCX
MU NEFF LVS JKS MSFT NFLX EBAY FFIV TK
PCLN WB WYNN SLW AEM LRCX......
Here is my portfolio weighting :
BIDU 21.65%
CNQ 16.79%
TECK 15.36%
AMD 13.17%
OCLR 12.39%
GG 10.58%
FCX 9.56%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 26, 2017
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2296.68, low 2294.08, high 2300.99
RSI @ 65.55
CMF @ 0.173
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by 1.09 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 269 in NYSE & 192 in Nasdaq
VIX Down 1.67% @ 10.63
Oil @ $53.78
Gold @ $1189.80
In my portfolio....bought TECK @ $25.45
AH ER....JNPR Down 7.9%, SBUX Down 7.2%
WYNN UP 7.64%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE made a new intraday all time high in S&P 500 & Nasdaq, Dow closed @ new all time high. Mexico gave its reply to Border wall by cancelling its President's trip to DC. Internals were weak. Profit taking was done today @ this lofty level. Ensure your portfolio is not vulnerable to profit taking. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2296.68, low 2294.08, high 2300.99
RSI @ 65.55
CMF @ 0.173
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by 1.09 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 269 in NYSE & 192 in Nasdaq
VIX Down 1.67% @ 10.63
Oil @ $53.78
Gold @ $1189.80
In my portfolio....bought TECK @ $25.45
AH ER....JNPR Down 7.9%, SBUX Down 7.2%
WYNN UP 7.64%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE made a new intraday all time high in S&P 500 & Nasdaq, Dow closed @ new all time high. Mexico gave its reply to Border wall by cancelling its President's trip to DC. Internals were weak. Profit taking was done today @ this lofty level. Ensure your portfolio is not vulnerable to profit taking. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed but were down earlier. Normal digestion of gains. Oil is UP.
S&P 500 @ 2296.65, low 2294.08, high 2300.99
Internals are negative with decliners leading.
Oil UP $1.06
Gold Down $8.70
Canadian $ Down 25 tick @ .6906
VIX UP .46% @ 10.86
In my portfolio :
Sold BAC $23.41
Sold TECK @ $26.24
Added 100% OCLR @ $9.94
Portfolio AMD BIDU CNQ FCX GG OCLR
Most stocks are down
@ 2.19 following are green :
AMD CNQ PI OPK HBAN NEFF NVDA AMZN CMG
FB AAPL MSFT EXPE PCLN LNG YELP GS MLNX
DATA MS MCD KBH AAL X......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2296.65, low 2294.08, high 2300.99
Internals are negative with decliners leading.
Oil UP $1.06
Gold Down $8.70
Canadian $ Down 25 tick @ .6906
VIX UP .46% @ 10.86
In my portfolio :
Sold BAC $23.41
Sold TECK @ $26.24
Added 100% OCLR @ $9.94
Portfolio AMD BIDU CNQ FCX GG OCLR
Most stocks are down
@ 2.19 following are green :
AMD CNQ PI OPK HBAN NEFF NVDA AMZN CMG
FB AAPL MSFT EXPE PCLN LNG YELP GS MLNX
DATA MS MCD KBH AAL X......
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 25, 2017
Indices closed UP .78% to .99%...NICE !!!!
Indices closed UP.
S&P 500 @ 2298.37, high 2299.55, low 2288.88
RSI @ 66.55\
CMF @ 0.185
Internals were :
UP volume led by 2.41 to 1 in NYSE & 2.48 to 1 in Nasdaq
Advancing stocks led by 1.82 to 1 in NYSE & 2.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 324 in NYSE & 267 in Nasdaq
VIX Down 2.35% @ 10.81......lowest since July 2014
Oil @ $52.75
Gold @ $1197.80
Stocks which were UP 1% or more BAC CNQ OCLR TECK
PI OPK MU HBAN NEFF C CHK AMZN GOOG VRX
FB OLED UA LVS AAPL LULU QRVO FFIV TK
RIG FEYE LNG BABA FSLR WYNN GS TRIP
MLNX DATA SWIR MGA MS PANW LRCX...
AH ER...URI UP 8.09%, EBAY UP 8.5%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE celebrated many executive orders by President Trump, market likes that he is executing all the policies in a hurry, this type of action has not been seen in Washington since Eisenhower era. All indices shot UP to new all time high, internals were strong. We are looking @ runaway market with new series of highs. It is OK to be aggressive in this TAPE. Many sectors are looking good, they are also ready to make series of new highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2298.37, high 2299.55, low 2288.88
RSI @ 66.55\
CMF @ 0.185
Internals were :
UP volume led by 2.41 to 1 in NYSE & 2.48 to 1 in Nasdaq
Advancing stocks led by 1.82 to 1 in NYSE & 2.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 324 in NYSE & 267 in Nasdaq
VIX Down 2.35% @ 10.81......lowest since July 2014
Oil @ $52.75
Gold @ $1197.80
Stocks which were UP 1% or more BAC CNQ OCLR TECK
PI OPK MU HBAN NEFF C CHK AMZN GOOG VRX
FB OLED UA LVS AAPL LULU QRVO FFIV TK
RIG FEYE LNG BABA FSLR WYNN GS TRIP
MLNX DATA SWIR MGA MS PANW LRCX...
AH ER...URI UP 8.09%, EBAY UP 8.5%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE celebrated many executive orders by President Trump, market likes that he is executing all the policies in a hurry, this type of action has not been seen in Washington since Eisenhower era. All indices shot UP to new all time high, internals were strong. We are looking @ runaway market with new series of highs. It is OK to be aggressive in this TAPE. Many sectors are looking good, they are also ready to make series of new highs.
BLOG does NOT give buy or sell.
Saleem
Indices UP .77% to .94%....NICE !!!!
Indices are UP again and are making new all time highs in Dow, Nasdaq & S&P 500. Finally we are firmly above 20,000 in Dow. Indices are @ high of the day.
S&P 500 @ 2297.14, high 2298.00, low 2288.88
Internals are positive by 2 to 1
Oil Down 19 cents
Gold Down $14.50
Canadian $ UP 84 tick @ .6927
VIX Down 3.43% @ 10.69...low today was 10.59...new 52 wk low
In my portfolio :
Sold PI @ $34.50
Bought GG @ $15.82 and triple quantity @ $15.78
Portfolio AMD BIDU BAC CNQ FCX GG OCLR TECK
FCX earnings was slightly lower than expected, 2017 guidance looking good as Gold production will double.
Most stocks are UP
@ 2.11 following are red :
AMD FCX GG AKS FNSR NTES ABX KGC COH NFLX
TSLA YELP CTRP AGU CSOD SLW AEM CRUS X...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2297.14, high 2298.00, low 2288.88
Internals are positive by 2 to 1
Oil Down 19 cents
Gold Down $14.50
Canadian $ UP 84 tick @ .6927
VIX Down 3.43% @ 10.69...low today was 10.59...new 52 wk low
In my portfolio :
Sold PI @ $34.50
Bought GG @ $15.82 and triple quantity @ $15.78
Portfolio AMD BIDU BAC CNQ FCX GG OCLR TECK
FCX earnings was slightly lower than expected, 2017 guidance looking good as Gold production will double.
Most stocks are UP
@ 2.11 following are red :
AMD FCX GG AKS FNSR NTES ABX KGC COH NFLX
TSLA YELP CTRP AGU CSOD SLW AEM CRUS X...
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 24, 2017
Indices closed UP .57% to .86%....NICE !!!!!
Indices closed UP.
S&P 500 @ 2280.07, high 2284.63, low 2266.68
RSI @ 60.48
CMF @ 0.169
Internals were :
UP volume led by 3.00 to 1 in NYSE & 3.08 to 1 in Nasdaq
Advancing stocks led by 2.84 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 136 in Nasdaq
VIX Down 5.95% @ 11.07
Oil @ $53.18
Gold @ $1210.80
Stocks which were UP 2% or more AMD FCX OCLR TECK
MU FNSR CIEN CHK NVDA NTES CMG OLED KGC
LEN TSLA COH SINA SU FFIV TK LNG BABA AGU
YELP MLNX DATA MGA CRUS KBH PANW CNX...
In my portfolio..
Added AH 60% FCX @ $17.29....expecting good earning report before open.
Here are expectations :
Sales $4.42 billion, EPS 33 cents
Next Q Sales $4.2 billion, EPS 43 cents
AH ER...STX UP 11.51%, CREE UP 2.88%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE celebrated lifting of Keystone pipeline construction, this is expected to create thousands of job. Oil also was higher which helped buying sentiment. Investors were generally pleased with today's key executive orders. Internals were strong. S&P 500 and Nasdaq closed @ new all time high, Dow is next in line with much awaited 20,000.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2280.07, high 2284.63, low 2266.68
RSI @ 60.48
CMF @ 0.169
Internals were :
UP volume led by 3.00 to 1 in NYSE & 3.08 to 1 in Nasdaq
Advancing stocks led by 2.84 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 205 in NYSE & 136 in Nasdaq
VIX Down 5.95% @ 11.07
Oil @ $53.18
Gold @ $1210.80
Stocks which were UP 2% or more AMD FCX OCLR TECK
MU FNSR CIEN CHK NVDA NTES CMG OLED KGC
LEN TSLA COH SINA SU FFIV TK LNG BABA AGU
YELP MLNX DATA MGA CRUS KBH PANW CNX...
In my portfolio..
Added AH 60% FCX @ $17.29....expecting good earning report before open.
Here are expectations :
Sales $4.42 billion, EPS 33 cents
Next Q Sales $4.2 billion, EPS 43 cents
AH ER...STX UP 11.51%, CREE UP 2.88%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE celebrated lifting of Keystone pipeline construction, this is expected to create thousands of job. Oil also was higher which helped buying sentiment. Investors were generally pleased with today's key executive orders. Internals were strong. S&P 500 and Nasdaq closed @ new all time high, Dow is next in line with much awaited 20,000.
BLOG does NOT give buy or sell.
Saleem
Indices UP .69% to .83%.....NICE !!!!
Indices are strong on higher oil and lifting of Keystone pipeline construction.Indices are @ high of the day.
S&P 500 @ 2281.30, high 2282.25, low 2266.68
Internals are positive by minimum 2 to 1
Oil UP 57 cents
Gold Down $7.90
Canadian $ UP 80 tick @ .6843
VIX Down 1.87% @ 11.55
Portfolio AMD BIDU BAC CNQ FCX OCLR PI TECK
Most stocks are UP
@ 2.27 following are red :
PI OPK AKS VRX AAPL JKS EBAY FEYE FSLR
SPWR MCD SLW ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2281.30, high 2282.25, low 2266.68
Internals are positive by minimum 2 to 1
Oil UP 57 cents
Gold Down $7.90
Canadian $ UP 80 tick @ .6843
VIX Down 1.87% @ 11.55
Portfolio AMD BIDU BAC CNQ FCX OCLR PI TECK
Most stocks are UP
@ 2.27 following are red :
PI OPK AKS VRX AAPL JKS EBAY FEYE FSLR
SPWR MCD SLW ......
BLOG does NOT give buy or sell.
Saleem
Monday, January 23, 2017
Indices closed down .04% to .27%......
Indices closed down.
S&P 500 @ 2265.20, low 2257.02, high 2271.78
RSI @ 54.21
CMF @ 0.160
Internals were :
Down volume led by 1.49 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by .84 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 57 in Nasdaq
VIX UP 1.99% @ 11.77
Oil @ $52.75
Gold @ $1215.60
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under mild selling pressure on jitters about many trade policy ramifications. We did close above low of the day. Internals were weak again. TAPE is trying to digest many moving policy parts of new administration. Rotation helped some sectors namely technology, gold and base metals. Oil remained under pressure. This phase of market needs few more days, in the meantime keep rotation going.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2265.20, low 2257.02, high 2271.78
RSI @ 54.21
CMF @ 0.160
Internals were :
Down volume led by 1.49 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by .84 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 57 in Nasdaq
VIX UP 1.99% @ 11.77
Oil @ $52.75
Gold @ $1215.60
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under mild selling pressure on jitters about many trade policy ramifications. We did close above low of the day. Internals were weak again. TAPE is trying to digest many moving policy parts of new administration. Rotation helped some sectors namely technology, gold and base metals. Oil remained under pressure. This phase of market needs few more days, in the meantime keep rotation going.
BLOG does NOT give buy or sell.
Saleem
Indices down .24% to .42%.....
Indices are lower on many policy statements, market is trying to figure out its implication, some seen and some not seen. Indices are off their lows. Oil is lower on high rig count.
S&P 500 @ 2262.76, low 2257.02, high 2271.78
Internals are mostly negative by 2 to 1
Oil Down 27 cents
Gold UP $10.50
Canadian $ UP 56 tick @ .6735
VIX UP 5.89% @ 12.22
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are lower
@ 1.25 following are green :
AMD BIDU FCX PI TECK GG NEFF NVDA AMZN GOOG
NTES ABX CMG KGC COH QRVO SINA WB DNKN
BABA YELP FB WYNN MLNX SWIR SLW AEM
TSLA OLED LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2262.76, low 2257.02, high 2271.78
Internals are mostly negative by 2 to 1
Oil Down 27 cents
Gold UP $10.50
Canadian $ UP 56 tick @ .6735
VIX UP 5.89% @ 12.22
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are lower
@ 1.25 following are green :
AMD BIDU FCX PI TECK GG NEFF NVDA AMZN GOOG
NTES ABX CMG KGC COH QRVO SINA WB DNKN
BABA YELP FB WYNN MLNX SWIR SLW AEM
TSLA OLED LRCX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 22, 2017
Which sector is faring the best so far ?
In the first 13 days of trading for 2013, you may be surprised @ the-best performing sector by far.
Here are the computation for 13 trading days of 2013 :
Solar ( TAN ) UP 6.8%
Nasdaq UP 3.19%
SOX UP 2.59%
S&P 500 UP 1.45%
Dow UP .33%
RUT DOWN .39%
XLF DOWN .43%
XLE DOWN 1.04%
It is very interesting that Solar is the best performing sector by a factor of more than 2 to 1 from 2nd best, remember "global warming is a Chinese Hoax"........While Obama who was a champion of alternative energy, Solar was the-worst performing sector in 2016.
Investing or trading results may be totally opposite of preference of person in power......
When we analyze the above result, XLF & XLE are the two worst performing sector, which is preferred by many including me.......so much for logical approach to investing & trading.
Russell is also negative for the year, another surprise.
Nasdaq and Sox seems to be outperforming again, they were winners of 2016.
So far, popular thesis are not panning out, it may be that 13 trading day is not long enough to really know the winners or losers of 2013.......
It is always interesting to see which sector is in the lead or which one is trailing so far.
It will be interesting to see, how we fare in coming week, which is first full week in office for Mr Trump.
Everyone will be monitoring the indices closely, to get a clue as to which ones are going to outperform.
Priorities of new administration has been well known for almost a year, some stocks have benefited already in last few months of 2016, and may be digesting its gains or trying to find support.
Sometimes statistics paints a picture which may have ignored past performance, it may be the case of 13 days of data given above.
Considering everything, we all have a strategy for 2017, hopefully, it is the right strategy. I will be looking back, to monitor sector performance as we go along.
Good luck with your own strategy and portfolio.
BLOG does NOT give buy or sell.
Saleem
Here are the computation for 13 trading days of 2013 :
Solar ( TAN ) UP 6.8%
Nasdaq UP 3.19%
SOX UP 2.59%
S&P 500 UP 1.45%
Dow UP .33%
RUT DOWN .39%
XLF DOWN .43%
XLE DOWN 1.04%
It is very interesting that Solar is the best performing sector by a factor of more than 2 to 1 from 2nd best, remember "global warming is a Chinese Hoax"........While Obama who was a champion of alternative energy, Solar was the-worst performing sector in 2016.
Investing or trading results may be totally opposite of preference of person in power......
When we analyze the above result, XLF & XLE are the two worst performing sector, which is preferred by many including me.......so much for logical approach to investing & trading.
Russell is also negative for the year, another surprise.
Nasdaq and Sox seems to be outperforming again, they were winners of 2016.
So far, popular thesis are not panning out, it may be that 13 trading day is not long enough to really know the winners or losers of 2013.......
It is always interesting to see which sector is in the lead or which one is trailing so far.
It will be interesting to see, how we fare in coming week, which is first full week in office for Mr Trump.
Everyone will be monitoring the indices closely, to get a clue as to which ones are going to outperform.
Priorities of new administration has been well known for almost a year, some stocks have benefited already in last few months of 2016, and may be digesting its gains or trying to find support.
Sometimes statistics paints a picture which may have ignored past performance, it may be the case of 13 days of data given above.
Considering everything, we all have a strategy for 2017, hopefully, it is the right strategy. I will be looking back, to monitor sector performance as we go along.
Good luck with your own strategy and portfolio.
BLOG does NOT give buy or sell.
Saleem
Friday, January 20, 2017
Indices closed UP .28% to .48%....NICE !!!!
Indices closed UP on inauguration speech Oil & Gold UP.
S&P 500 @ 2271.31, high 2276.96, low 2265.01
RSI @ 57.70
CMF @ 0.113
Internals were :
UP volume led by 2.23 to 1 in NYSE & 1.40 to 1 in Nasdaq
Advancing stocks led by 1.76 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 63 in Nasdaq
VIX Down 9.70% @ 11.54
Oil @ $52.42
Gold @ $1204.90
Canadian $ @ .6761
Stocks which were UP 1% or more included CNQ FCX PI
GG MU NEFF CHK NTES ABX OLED KGC SLW
QRVO MA TK RIG LNG AGU ORCL CRUS
AAL LRCX.....
Here is my portfolio weighting :
BIDU 23.67%
CNQ 18.46%
BAC 15.45%
AMD 13.70%
PI 8.07%
TECK 8.04%
FCX 6.34%
OCLR 6.27%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2271.31, high 2276.96, low 2265.01
RSI @ 57.70
CMF @ 0.113
Internals were :
UP volume led by 2.23 to 1 in NYSE & 1.40 to 1 in Nasdaq
Advancing stocks led by 1.76 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 63 in Nasdaq
VIX Down 9.70% @ 11.54
Oil @ $52.42
Gold @ $1204.90
Canadian $ @ .6761
Stocks which were UP 1% or more included CNQ FCX PI
GG MU NEFF CHK NTES ABX OLED KGC SLW
QRVO MA TK RIG LNG AGU ORCL CRUS
AAL LRCX.....
Here is my portfolio weighting :
BIDU 23.67%
CNQ 18.46%
BAC 15.45%
AMD 13.70%
PI 8.07%
TECK 8.04%
FCX 6.34%
OCLR 6.27%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 19, 2017
Indices closed down .26% to .37%......
Indices closed down.
S&P 500 @ 2263.69, 2258.41, high 2274.33
RSI @ 54.29
CMF @ 0.133
Internals were :
Down volume led by 2.42 to 1 in NYSE & 1.87 to 1 in Nasdaq
Declining stocks led by 2.99 to 1 in NYSE & 2.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 53 in Nasdaq
VIX UP 2.40% @ 12.78
Oil @ $51.37
Gold @ $1201.50
AH news....SWKS UP 7.57%, IBM Down 2.21%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under inauguration jitters, indices managed to close above lows of the day. Internals were weak. Friday may be low volume day, as everyone will be glued to live feed from DC. SWKS earning report is a good one with strong buyback. Hopefully Nasdaq will show strength for Friday.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2263.69, 2258.41, high 2274.33
RSI @ 54.29
CMF @ 0.133
Internals were :
Down volume led by 2.42 to 1 in NYSE & 1.87 to 1 in Nasdaq
Declining stocks led by 2.99 to 1 in NYSE & 2.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 60 in NYSE & 53 in Nasdaq
VIX UP 2.40% @ 12.78
Oil @ $51.37
Gold @ $1201.50
AH news....SWKS UP 7.57%, IBM Down 2.21%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under inauguration jitters, indices managed to close above lows of the day. Internals were weak. Friday may be low volume day, as everyone will be glued to live feed from DC. SWKS earning report is a good one with strong buyback. Hopefully Nasdaq will show strength for Friday.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .47% to .62%.....
Indices are @ low of the day as inauguration nears. Oil is higher.
S&P 500 @ 2259.94, low 2258.41, high 2274.33
Internals are negative by minimum 3 to 1 to 5 to 1
Oil UP 19 cents
Gold Down $10.00
Canadian $ Down 61 tick @ .6670
VIX UP 4.89% @ 13.09
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are down
@ 2.27 following are green :
OCLR FNSR CIEN NVDA AMZN NTES ABX JKS
CSIQ NFLX TSLA EBAY FEYE WB MLNX DATA
SLW PANW.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2259.94, low 2258.41, high 2274.33
Internals are negative by minimum 3 to 1 to 5 to 1
Oil UP 19 cents
Gold Down $10.00
Canadian $ Down 61 tick @ .6670
VIX UP 4.89% @ 13.09
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are down
@ 2.27 following are green :
OCLR FNSR CIEN NVDA AMZN NTES ABX JKS
CSIQ NFLX TSLA EBAY FEYE WB MLNX DATA
SLW PANW.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 18, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2271.89, high 2272.01, low 2263.35
RSI @ 59.05
CMF @ 0.148
Internals were :
UP volume led by 1.07 to 1 in NYSE & 1.61 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 73 in NYSE & 51 in Nasdaq
VIX UP 5.14% @ 12.48
Oil @ $51.08
Gold @ $1212.10
AH news...OCLR UP 8.24%, NFLX UP 8.06%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak @ open but managed to close near high of the day, internals improved and CMF is positive in all major indices, after being negative for a week. Sector rotation is happening on a daily basis, what is strong today, gets weak in 48 hours. Stay with high conviction stocks as they do surprise in a positive manner. Financials did well today.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2271.89, high 2272.01, low 2263.35
RSI @ 59.05
CMF @ 0.148
Internals were :
UP volume led by 1.07 to 1 in NYSE & 1.61 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 73 in NYSE & 51 in Nasdaq
VIX UP 5.14% @ 12.48
Oil @ $51.08
Gold @ $1212.10
AH news...OCLR UP 8.24%, NFLX UP 8.06%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak @ open but managed to close near high of the day, internals improved and CMF is positive in all major indices, after being negative for a week. Sector rotation is happening on a daily basis, what is strong today, gets weak in 48 hours. Stay with high conviction stocks as they do surprise in a positive manner. Financials did well today.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on lower oil. Indices are fighting back and is @ high of the day.
S&P 500 @ 2268.74, high 2270.48, low 2263.35
Internals are mixed but volume is positive by 2 to 1.
Oil Down $1.31
Gold Down $4.00
Canadian $ Down 1.93 cent @ .6766
VIX UP 5.31% @ 12.50
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are down
@ 3.02 following are green :
BAC FCX TECK GG MU HBAN NEFF CIEN AKS
NVDA CMG V SBUX QRVO TSLA SINA EXPE
FFIV MA TK MS CRUS AAL X LRCX .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2268.74, high 2270.48, low 2263.35
Internals are mixed but volume is positive by 2 to 1.
Oil Down $1.31
Gold Down $4.00
Canadian $ Down 1.93 cent @ .6766
VIX UP 5.31% @ 12.50
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are down
@ 3.02 following are green :
BAC FCX TECK GG MU HBAN NEFF CIEN AKS
NVDA CMG V SBUX QRVO TSLA SINA EXPE
FFIV MA TK MS CRUS AAL X LRCX .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 17, 2017
Indices closed down .30% to .65%.....
Indices closed down.
S&P 500 @ 2267.89, low 2262.81, high 2272.08
RSI @ 57.36
CMF @ 0.047
Internals were :
Down volume led by 1.17 to 1 in NYSE & 2.00 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 2.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & 59 in Nasdaq
VIX UP 5.7% @ 11.87
Oil @ $52.48
Gold @ $1212.90
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Indices were under selling pressure and internals were weak. Too many cross current for this TAPE to handle on a daily basis. Many questions about trade policies impacting industries. Try to look for opportunities, to buy quality stocks on any weakness. Trading may be a good way, to take advantage, of conflicting statements around the globe.Some sectors are getting overbought, while other sectors are becoming attractive. Try to spot these on a daily basis, it is the relative bargain which matters.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2267.89, low 2262.81, high 2272.08
RSI @ 57.36
CMF @ 0.047
Internals were :
Down volume led by 1.17 to 1 in NYSE & 2.00 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 2.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 89 in NYSE & 59 in Nasdaq
VIX UP 5.7% @ 11.87
Oil @ $52.48
Gold @ $1212.90
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Indices were under selling pressure and internals were weak. Too many cross current for this TAPE to handle on a daily basis. Many questions about trade policies impacting industries. Try to look for opportunities, to buy quality stocks on any weakness. Trading may be a good way, to take advantage, of conflicting statements around the globe.Some sectors are getting overbought, while other sectors are becoming attractive. Try to spot these on a daily basis, it is the relative bargain which matters.
BLOG does NOT give buy or sell.
Saleem
Indices down .17% to .27%.....
Indices are lower on weak US$ and higher commodities. Indices are off their lows.
S&P 500 @ 2270.43, low 2265.46, high 2272.08
Internals are negative, but Nasdaq is negative by 2 to 1
Oil UP 60 cents
Gold UP $17.90
Canadian $ UP 1.24 cent @ .6951
VIX UP 5.25% @ 11.82
In my portfolio :
Sold GG @ $15.20
Added 50% PI @ $31.65
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are down
@ 2.17 following are green :
BIDU CNQ GG CHK NTES ABX LVS AAPL LULU
KGC JKS COH CSIQ SU TK RIG LNG CTRP MCD
WYNN SLW AEM NKE KBH .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2270.43, low 2265.46, high 2272.08
Internals are negative, but Nasdaq is negative by 2 to 1
Oil UP 60 cents
Gold UP $17.90
Canadian $ UP 1.24 cent @ .6951
VIX UP 5.25% @ 11.82
In my portfolio :
Sold GG @ $15.20
Added 50% PI @ $31.65
Portfolio AMD BIDU BAC CNQ FCX PI OCLR TECK
Most stocks are down
@ 2.17 following are green :
BIDU CNQ GG CHK NTES ABX LVS AAPL LULU
KGC JKS COH CSIQ SU TK RIG LNG CTRP MCD
WYNN SLW AEM NKE KBH .....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 15, 2017
Tough market ahead.....
Ever since election, many sectors have come alive, steels, base metals, banks to name a few.
Lately most sectors are stalled and below their highs of this rally.
Bank earnings were good on Friday, but failed to rally any stock.
Many are wondering, why most stocks are not moving after they bought.
In order to explain little to no movement in past 3 weeks, we have to acknowledge tremendous move they all had since election day. 50% to 100% move was quite common.
The real question is, IS everything priced in or we are headed lower to find support.
My answer is NO, everything is not priced in......
We are going from euphoric UP move to sideways movement to work out euphoria.
Monday market is closed in US, but we are open worldwide including Toronto.
Friday is inauguration day, means low volume and flat market.
Tuesday to Thursday should be upward move.....
It is normal to expect, that week after inauguration could be a down week.
It is almost impossible to predict what markets will do, but we all have to predict probabilities to position our trades.
Market is generally difficult, but we can overcome or increase our odds by being diversified in many sectors.
2017 is being predicted by Barron's on Friday as "single digit gains"...
I personally think that, oil, banks, gold and base metals will outperform.
Patience and conviction will be tested in 2017.
Small caps have a much better chance to do very well, as they are undiscovered and brokerages do not tout them.
We may have sharp pullbacks on policy announcements, but, that is to be expected with "trigger happy twitter feeds"
SO..sit back and evaluate your investing / trading temperament and match it with 3AM tweets, IF you can take it and not overreact, you will be fine.
Markets do change with events and political environment, once all is discounted, then there is a predictable routine.
Good luck with your strategy and comfort level......
BLOG does NOT give buy or sell.
Saleem
Lately most sectors are stalled and below their highs of this rally.
Bank earnings were good on Friday, but failed to rally any stock.
Many are wondering, why most stocks are not moving after they bought.
In order to explain little to no movement in past 3 weeks, we have to acknowledge tremendous move they all had since election day. 50% to 100% move was quite common.
The real question is, IS everything priced in or we are headed lower to find support.
My answer is NO, everything is not priced in......
We are going from euphoric UP move to sideways movement to work out euphoria.
Monday market is closed in US, but we are open worldwide including Toronto.
Friday is inauguration day, means low volume and flat market.
Tuesday to Thursday should be upward move.....
It is normal to expect, that week after inauguration could be a down week.
It is almost impossible to predict what markets will do, but we all have to predict probabilities to position our trades.
Market is generally difficult, but we can overcome or increase our odds by being diversified in many sectors.
2017 is being predicted by Barron's on Friday as "single digit gains"...
I personally think that, oil, banks, gold and base metals will outperform.
Patience and conviction will be tested in 2017.
Small caps have a much better chance to do very well, as they are undiscovered and brokerages do not tout them.
We may have sharp pullbacks on policy announcements, but, that is to be expected with "trigger happy twitter feeds"
SO..sit back and evaluate your investing / trading temperament and match it with 3AM tweets, IF you can take it and not overreact, you will be fine.
Markets do change with events and political environment, once all is discounted, then there is a predictable routine.
Good luck with your strategy and comfort level......
BLOG does NOT give buy or sell.
Saleem
Friday, January 13, 2017
Indices closed mixed......
Indices closed mixed on lower oil and mixed bank earnings. Nasdaq closed @ another new all time high. CMF is positive in Nasdaq and S&P 500. Internals of the TAPE was strong.
S&P 500 @ 2274.64, high 2278.68, low 2271.51
RSI @ 61.33
CMF @ 0.035
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 125 in NYSE & 132 in Nasdaq
Oil @ $52.37
Gold @ $1176.20
Canadian $ @ .6865
Stocks which closed green included BAC CNQ TECK
HBAN CIEN C AMZN GOOG NTES CMG FB
OLED JKS FSLR SPWR QRVO NFLX TSLA
SINA WB DNKN EXPE FFIV PCLN TK
FEYE GS MS BABA YELP TRIP SLW
AEM CRUS NKE PANW LRCX CNX
Here is my portfolio weighting :
BIDU 21.16%
BAC 20.69%
CNQ 16.58%
AMD 13.07%
TECK 7.40%
FCX 5.46%
GG 5.43%
PI 5.22%
OCLR 4.99%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2274.64, high 2278.68, low 2271.51
RSI @ 61.33
CMF @ 0.035
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 125 in NYSE & 132 in Nasdaq
Oil @ $52.37
Gold @ $1176.20
Canadian $ @ .6865
Stocks which closed green included BAC CNQ TECK
HBAN CIEN C AMZN GOOG NTES CMG FB
OLED JKS FSLR SPWR QRVO NFLX TSLA
SINA WB DNKN EXPE FFIV PCLN TK
FEYE GS MS BABA YELP TRIP SLW
AEM CRUS NKE PANW LRCX CNX
Here is my portfolio weighting :
BIDU 21.16%
BAC 20.69%
CNQ 16.58%
AMD 13.07%
TECK 7.40%
FCX 5.46%
GG 5.43%
PI 5.22%
OCLR 4.99%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 12, 2017
Indices closed down .21% to .32%.....
Indices closed down.
S&P 500 @ 2270.44, low 2254.25, high 2271.78
RSI @ 59.72
CMF @ -0.005
Internals were :
Down volume led by 1.73 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 1.55 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk highs were leading by 68 in NYSE & 62 in Nasdaq
VIX UP 2.49% @ 11.54
Oil @ $53.01
Gold @ $1199.80
AH News....P UP 7.92%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE fought its way back to close near high of the day, how we close, tells us more about the strength of any TAPE. Earnings starting in the morning with banks, that should set the tone for Friday and next week. Internals were weak today but improved by close, they were running as negative 3 to 1 during the day.Steels stocks got slammed today, on analyst note regarding weaker demand.Oil and Gold kept their UP moves as US$ weakened.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2270.44, low 2254.25, high 2271.78
RSI @ 59.72
CMF @ -0.005
Internals were :
Down volume led by 1.73 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 1.55 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk highs were leading by 68 in NYSE & 62 in Nasdaq
VIX UP 2.49% @ 11.54
Oil @ $53.01
Gold @ $1199.80
AH News....P UP 7.92%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE fought its way back to close near high of the day, how we close, tells us more about the strength of any TAPE. Earnings starting in the morning with banks, that should set the tone for Friday and next week. Internals were weak today but improved by close, they were running as negative 3 to 1 during the day.Steels stocks got slammed today, on analyst note regarding weaker demand.Oil and Gold kept their UP moves as US$ weakened.
BLOG does NOT give buy or sell.
Saleem
Indices down .25% to .38%.....
Indices are lower despite higher oil and lower US$. Indices staged a major recovery off lows and are @ high of the day.
S&P 500 @ 2270.20, low 2254.25, high 2271.14
Internals are negative by 2 to 1
Oil UP 69 cents
Gold UP $2.80
Canadian $ UP 53 tick @ .6876
VIX UP 2.49% @ 11.54
Portfolio AMD BIDU BAC CNQ FCX GG PI OCLR TECK
Most stocks are down
@ 2.39 PM following are green :
GG PI OCLR TECK FNSR AMZN ABX VRX FB COH
LEN YUM MA TK RIG LNG WB MCD SLW AEM
TSLA KBH M CNX.....
BAC is reporting before open on Friday, here are the expectations :
Sales $20.87 billion, EPS 38 cents
Next Q Sales $21.56 billion, EPS 34 cents
BAC beats , should be the same this time around.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2270.20, low 2254.25, high 2271.14
Internals are negative by 2 to 1
Oil UP 69 cents
Gold UP $2.80
Canadian $ UP 53 tick @ .6876
VIX UP 2.49% @ 11.54
Portfolio AMD BIDU BAC CNQ FCX GG PI OCLR TECK
Most stocks are down
@ 2.39 PM following are green :
GG PI OCLR TECK FNSR AMZN ABX VRX FB COH
LEN YUM MA TK RIG LNG WB MCD SLW AEM
TSLA KBH M CNX.....
BAC is reporting before open on Friday, here are the expectations :
Sales $20.87 billion, EPS 38 cents
Next Q Sales $21.56 billion, EPS 34 cents
BAC beats , should be the same this time around.
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 11, 2017
Indices closed UP .21% to .50%....NICE !!!!
Indices closed UP.
S&P 500 @ 2275.32, high 2275.32, low 2260.83
RSI @ 62.53
CMF @ -0.037
Internals were :
UP volume led by 1.63 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 2.20 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 106 in NYSE & 103 in Nasdaq
VIX Down 2.00% @ 11.26
Oil @ $52.25
Gold @ $1196.60
AH ER...KBH UP 2.71% , AAOI UP 18.40%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE ignored political agenda and went about doing what it does best, closed @ high of the day. CMF is green in Nasdaq. Internals were strong. Looks like Nasdaq will lead other indices to go higher and cross major milestone of 20,000 on Dow in short order. Keep an eye on euphoria setting in, that is the time to take the money and rest.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2275.32, high 2275.32, low 2260.83
RSI @ 62.53
CMF @ -0.037
Internals were :
UP volume led by 1.63 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 2.20 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 106 in NYSE & 103 in Nasdaq
VIX Down 2.00% @ 11.26
Oil @ $52.25
Gold @ $1196.60
AH ER...KBH UP 2.71% , AAOI UP 18.40%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE ignored political agenda and went about doing what it does best, closed @ high of the day. CMF is green in Nasdaq. Internals were strong. Looks like Nasdaq will lead other indices to go higher and cross major milestone of 20,000 on Dow in short order. Keep an eye on euphoria setting in, that is the time to take the money and rest.
BLOG does NOT give buy or sell.
Saleem
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