Indices closed down.
S&P 500 @ 2363.64, low 2358.96, high 2367.79
RSI @ 74.43
CMF @ 0.498
Internals were :
Down volume led by 2.53 to 1 in NYSE & 2.96 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 3.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 117 in NYSE & 62 in Nasdaq
VIX UP 6.87% @ 12.92
Oil @ $54.01
Gold @ $1253.90
In my portfolio :
Sold OCLR @ $8.51
Bought AMD @ $14.43
AH ER..AMBA Down 5.00%, PANW Down 19.95%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE struggled whole day on content of speech to US lawmakers by unpredictable President. Internals were weak. Hopefully we regain strength in Wednesday trade. Stay with your high conviction stocks. This is an unusual bull market with slow and steady rise to many more all time highs, never call a top in any stock, unless they have decidedly turned south.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 28, 2017
Indices down .12% to .63%.....
Indices are down on jitters about address to politicians, nation and world about any details on policy matters.
S&P 500 @ 2362.03, low 2358.96, high 2367.79
Internals are negative by 2 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down 6 cents
Gold Down $6.90
Canadian $ Down 1.01 cent @ .6719
VIX UP 5.62% @ 12.77
Portfolio BIDU CNQ CY OCLR TECK
Most stocks are down
@ 2.42 following are green :
BIDU CY NTES BAC FCX LVS V AAPL LEN
EXPE TSLA PCLN WYNN MCD X....
CNQ reports before open Wednesday, here are the expectations :
Sales $2.43 billion, EPS 7 cents
Guidance Sales $2.75 billion, EPS 43 cents
Should be a good report......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2362.03, low 2358.96, high 2367.79
Internals are negative by 2 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down 6 cents
Gold Down $6.90
Canadian $ Down 1.01 cent @ .6719
VIX UP 5.62% @ 12.77
Portfolio BIDU CNQ CY OCLR TECK
Most stocks are down
@ 2.42 following are green :
BIDU CY NTES BAC FCX LVS V AAPL LEN
EXPE TSLA PCLN WYNN MCD X....
CNQ reports before open Wednesday, here are the expectations :
Sales $2.43 billion, EPS 7 cents
Guidance Sales $2.75 billion, EPS 43 cents
Should be a good report......
BLOG does NOT give buy or sell.
Saleem
Monday, February 27, 2017
Indices closed UP .08% to .28%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2369.73, high 2371.54, low 2361.87
RSI @ 79.99
CMF @ .520
Internals were :
UP volume led by 1.98 to 1 in NYSE & 1.90 to 1 in Nasdaq
Advancing stocks led by 1.55 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 176 in NYSE & 141 in Nasdaq
VIX UP 5.41% @ 12.09
Oil @ $54.05
Gold @ $1258.80
Stocks which were UP 1% or more included CNQ CY
AMD MU OLED AKS QRVO BAC NVDA WYNN
LVS LULU JKS CSIQ SPWR COH LEN VRX
RIG FEYE LNG YELP CIEN SWIR MGA
KBH OPK X M .....
AH ER....NTRI UP 17.86%, PCLN UP 3.31%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE ignored early morning selling and closed @ new all time highs in Dow & S&P 500. CMF is @ highest level since August, this means money flow is accelerating into equities. Dow has matched record consecutive close of 12 UP days, which happened back in 1987, can it create a new record of consecutive high and make it 13 in a row, i think not only that is possible, but it could go into 20. We are going up slow and steady, which has lot of room on upside. Policy announcement tomorrow can fuel this rally further.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2369.73, high 2371.54, low 2361.87
RSI @ 79.99
CMF @ .520
Internals were :
UP volume led by 1.98 to 1 in NYSE & 1.90 to 1 in Nasdaq
Advancing stocks led by 1.55 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 176 in NYSE & 141 in Nasdaq
VIX UP 5.41% @ 12.09
Oil @ $54.05
Gold @ $1258.80
Stocks which were UP 1% or more included CNQ CY
AMD MU OLED AKS QRVO BAC NVDA WYNN
LVS LULU JKS CSIQ SPWR COH LEN VRX
RIG FEYE LNG YELP CIEN SWIR MGA
KBH OPK X M .....
AH ER....NTRI UP 17.86%, PCLN UP 3.31%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE ignored early morning selling and closed @ new all time highs in Dow & S&P 500. CMF is @ highest level since August, this means money flow is accelerating into equities. Dow has matched record consecutive close of 12 UP days, which happened back in 1987, can it create a new record of consecutive high and make it 13 in a row, i think not only that is possible, but it could go into 20. We are going up slow and steady, which has lot of room on upside. Policy announcement tomorrow can fuel this rally further.
BLOG does NOT give buy or sell.
Saleem
Indices UP .02% to .10%....NICE !!!!
Indices are higher on renewed buying on any weakness.Indices are @ high of the day.
S&P 500 @ 2368.24, high 2369.18, low 2361.87
Internals are positive.
Oil UP 17 cents
Gold Down 40 cents
Canadian $ Down 67 tick @ .6843
VIX UP 2.53% @ 11.76
Portfolio BIDU CNQ CY OCLR TECK
Most stocks are UP
@ 2.29 following are red :
BIDU OCLR TECK PI CHK UA V MSFT TSLA
SINA EXPE YUM FFIV PCLN CTRP MLNX
AGU ORCL MCD SLW AEM CRUS .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2368.24, high 2369.18, low 2361.87
Internals are positive.
Oil UP 17 cents
Gold Down 40 cents
Canadian $ Down 67 tick @ .6843
VIX UP 2.53% @ 11.76
Portfolio BIDU CNQ CY OCLR TECK
Most stocks are UP
@ 2.29 following are red :
BIDU OCLR TECK PI CHK UA V MSFT TSLA
SINA EXPE YUM FFIV PCLN CTRP MLNX
AGU ORCL MCD SLW AEM CRUS .....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 26, 2017
Stock market behaving the best in 30 years......
Many standing records are being smashed on Wall Street these days, like Dow being UP 11 straight days since 1987.
All indices are making series of all time highs since August of 2016
There has been sporadic attempt to bring this TAPE down, but it only last 1.5 days, then back to new all time highs.
Even when financials and energy stocks are being sold off, we are making new all time highs.
This TAPE is NOT jumping too much like heydays of Y2K rally in 1999, it is a steady, orderly climb to new all time highs.
Gradual move higher has a tendency to last much longer than frenzied TAPE of 1987 or 1999.
Many traders and institutions are waiting for a major pullback as per their " proprietary high tech algorithm ".....but it has been a long wait since August 2016.....their high frequency software is flashing daily buy signal and doing buying for clients.
When logic does not work, always look to daily TAPE and adjust quickly.
I do get a strong feeling based on TAPE action that we will plod towards many months of new all time highs.
YES..we may have 72 hours of correction / pullback but it is for buying not more selling.
YES..it is OK to book profit and deploy funds in other stocks which is showing "relative value"
SO..we keep going UP and many keep waiting nervously to deploy funds @ these lofty levels.
Valuation is a relative thing, IF you look @ Nasdaq being above 5000 in 2000, 17 years later, we are @ 5845 level now.....a 16.9% move in 17 years or barely 1% move per year.....not a runaway bull market in Nasdaq @ all, but as an asset class it performed the worst.....
The point is, we are just starting to move in the right direction, a running average for stock market is 8% annually....for a very long time return.
SO..instead of worrying about daily ups and downs, just have faith in the long term gains, which is yet to come.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
All indices are making series of all time highs since August of 2016
There has been sporadic attempt to bring this TAPE down, but it only last 1.5 days, then back to new all time highs.
Even when financials and energy stocks are being sold off, we are making new all time highs.
This TAPE is NOT jumping too much like heydays of Y2K rally in 1999, it is a steady, orderly climb to new all time highs.
Gradual move higher has a tendency to last much longer than frenzied TAPE of 1987 or 1999.
Many traders and institutions are waiting for a major pullback as per their " proprietary high tech algorithm ".....but it has been a long wait since August 2016.....their high frequency software is flashing daily buy signal and doing buying for clients.
When logic does not work, always look to daily TAPE and adjust quickly.
I do get a strong feeling based on TAPE action that we will plod towards many months of new all time highs.
YES..we may have 72 hours of correction / pullback but it is for buying not more selling.
YES..it is OK to book profit and deploy funds in other stocks which is showing "relative value"
SO..we keep going UP and many keep waiting nervously to deploy funds @ these lofty levels.
Valuation is a relative thing, IF you look @ Nasdaq being above 5000 in 2000, 17 years later, we are @ 5845 level now.....a 16.9% move in 17 years or barely 1% move per year.....not a runaway bull market in Nasdaq @ all, but as an asset class it performed the worst.....
The point is, we are just starting to move in the right direction, a running average for stock market is 8% annually....for a very long time return.
SO..instead of worrying about daily ups and downs, just have faith in the long term gains, which is yet to come.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, February 24, 2017
Indices closed UP .05% to .17%...NICE !!!!
Indices closed UP after being down from open. Dow closed UP 11 consecutive days, a feat not accomplished since 1987. Dow & S&P 500 closed @ highest level ever. CMF is @ highest level. There was a surge in buying in last hour despite financials and energy being lower. All indices closed @ highest point of the day, a rarity.
S&P 500 @ 2367.34, high 2367.34, low 2352.87
RSI @ 79.43
CMF @ 0.483
Internals were :
UP volume led by .61 to 1 in NYSE & 1.11 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & .87 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 55 in Nasdaq
VIX Down 2.05% @ 11.47
Oil @ $53.99
Gold @ $1258.30
Canadian $ @ .6896
Following stocks closed green OLED NTES FNSR CIEN NVDA
UA LVS V AAPL LULU KGC LEN TSLA SINA EBAY WB
LNG BABA CSIQ FSLR CTRP MLNX COH ORCL MCD
CRUS NKE KBH AAL M PANW LRCX......
In my portfolio :
Added 50% CY @ $12.60
Bought BIDU @ $175.80
Here is my portfolio weighting :
TECK 25.24%
OCLR 22.49%
BIDU 21.34%
CY 15.49%
CNQ 15.44%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2367.34, high 2367.34, low 2352.87
RSI @ 79.43
CMF @ 0.483
Internals were :
UP volume led by .61 to 1 in NYSE & 1.11 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & .87 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 55 in Nasdaq
VIX Down 2.05% @ 11.47
Oil @ $53.99
Gold @ $1258.30
Canadian $ @ .6896
Following stocks closed green OLED NTES FNSR CIEN NVDA
UA LVS V AAPL LULU KGC LEN TSLA SINA EBAY WB
LNG BABA CSIQ FSLR CTRP MLNX COH ORCL MCD
CRUS NKE KBH AAL M PANW LRCX......
In my portfolio :
Added 50% CY @ $12.60
Bought BIDU @ $175.80
Here is my portfolio weighting :
TECK 25.24%
OCLR 22.49%
BIDU 21.34%
CY 15.49%
CNQ 15.44%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 23, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2363.81, high 2368.26, low 2355.09
RSI @ 78.61
CMF @ 0.417
Internals were :
Down volume led by 1.33 to 1 in NYSE & 1.41 to 1 in Nasdaq
Declining stocks led by .87 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 188 in Nasdaq
VIX Down .26% @ 11.71
Oil @ $54.45..highest close since July 2015
Gold @ $1251.40..highest close since November 2016
AH ER....ACIA Down 16.44%, OLED UP 12.40%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed mixed but Dow & S&P 500 closed @ new all time high. TAPE seems to be churning @ these level, which requires caution and close monitoring. We have to watch very closely how we open and how we close, today was strong open and mixed close, not the healthiest of technical strength. I have reduced exposure by 33%. Want to monitor this TAPE and see how it behaves.Internals have weakened quite a bit. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2363.81, high 2368.26, low 2355.09
RSI @ 78.61
CMF @ 0.417
Internals were :
Down volume led by 1.33 to 1 in NYSE & 1.41 to 1 in Nasdaq
Declining stocks led by .87 to 1 in NYSE & 1.48 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 188 in Nasdaq
VIX Down .26% @ 11.71
Oil @ $54.45..highest close since July 2015
Gold @ $1251.40..highest close since November 2016
AH ER....ACIA Down 16.44%, OLED UP 12.40%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed mixed but Dow & S&P 500 closed @ new all time high. TAPE seems to be churning @ these level, which requires caution and close monitoring. We have to watch very closely how we open and how we close, today was strong open and mixed close, not the healthiest of technical strength. I have reduced exposure by 33%. Want to monitor this TAPE and see how it behaves.Internals have weakened quite a bit. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed with Dow & S&P 500 @ new all time high. Oil is higher and US$ is lower on Treasury Secretary statement.
S&P 500 @ 2363.35, high 2368.26, low 2355.09
Internals are mostly negative.
Oil UP 78 cents
Gold UP $16.60
Canadian $ UP 46 tick @ .6884
VIX Down .09% @ 11.73
Many activity in my portfolio since yesterday before close :
Sold FCX @ $13.77
Added 50% OCLR @ $9.77.....both yesterday before close
Sold AMD $14.10
Sold BIDU @ $188.17
Added 33% TECK @ $20.85..all 3 this AM
Portfolio CNQ CY OCLR TECK
Most stocks are down
@ 2.24 following are green :
CNQ AMD PI VRX V SBUX JKS FSLR SPWR
CSIQ MSFT DNKN SU RIG FEYE MA CTRP
MLNX FNSR ORCL MCD SLW AEM OPK
M......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2363.35, high 2368.26, low 2355.09
Internals are mostly negative.
Oil UP 78 cents
Gold UP $16.60
Canadian $ UP 46 tick @ .6884
VIX Down .09% @ 11.73
Many activity in my portfolio since yesterday before close :
Sold FCX @ $13.77
Added 50% OCLR @ $9.77.....both yesterday before close
Sold AMD $14.10
Sold BIDU @ $188.17
Added 33% TECK @ $20.85..all 3 this AM
Portfolio CNQ CY OCLR TECK
Most stocks are down
@ 2.24 following are green :
CNQ AMD PI VRX V SBUX JKS FSLR SPWR
CSIQ MSFT DNKN SU RIG FEYE MA CTRP
MLNX FNSR ORCL MCD SLW AEM OPK
M......
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 22, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2362.82, low 2358.34, high 2365.13
RSI @ 78.39
CMF @ 0.442
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 1.26 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 198 in NYSE & 167 in Nasdaq
VIX UP 1.47% @ 11.74
Oil @ $53.59
Gold @ $1233.30
AH ER...SQ UP 8.58%, LB Down 12.94%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed but DOW still managed to close @ new all time high, 9th straight day of new all time high, a record not made in last 3 decades. S&P & Nasdaq rested and digested its gain. Fed is itching to raise interest rate due to anticipated policies. US$ was strong and oil was weak on supply fear.This is a strong bull market and does not want to give too much back on any down days. Stay with your conviction and show patience.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2362.82, low 2358.34, high 2365.13
RSI @ 78.39
CMF @ 0.442
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 1.26 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 198 in NYSE & 167 in Nasdaq
VIX UP 1.47% @ 11.74
Oil @ $53.59
Gold @ $1233.30
AH ER...SQ UP 8.58%, LB Down 12.94%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed but DOW still managed to close @ new all time high, 9th straight day of new all time high, a record not made in last 3 decades. S&P & Nasdaq rested and digested its gain. Fed is itching to raise interest rate due to anticipated policies. US$ was strong and oil was weak on supply fear.This is a strong bull market and does not want to give too much back on any down days. Stay with your conviction and show patience.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on Fed minutes which is ready to hike interest rates, US$ is higher and oil lower. Dow made a new all time high.
S&P 500 @ 2362.92, low 2358.34, high 2365.13
Internals are negative.
Oil Down 82 cents
Gold Down 40 cents
Canadian $ Down 23 tick @ .6868
VIX UP 1.04% @ 11.69
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are lower
@ 2.31 following are green :
AMD BIDU NTES GOOG SWKS VRX C AMZN
FB GOOG NFLX SINA EXPE PCLN CTRP
CSOD CRUS NKE LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2362.92, low 2358.34, high 2365.13
Internals are negative.
Oil Down 82 cents
Gold Down 40 cents
Canadian $ Down 23 tick @ .6868
VIX UP 1.04% @ 11.69
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are lower
@ 2.31 following are green :
AMD BIDU NTES GOOG SWKS VRX C AMZN
FB GOOG NFLX SINA EXPE PCLN CTRP
CSOD CRUS NKE LRCX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 21, 2017
Indices closed UP .47% to .60%...NICE !!!!
Indices closed UP.
S&P 500 @ 2365.38, high 2366.71, low 2354.91
RSI @ 80.41
CMF @ 0.450
Internals were :
UP volume led by 3.67 to 1 in NYSE & 2.07 to 1 in Nasdaq
Advancing stocks led by 2.57 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 280 in NYSE & 304 in Nasdaq
VIX UP .70% @ 11.57
Oil @ $54.06
Gold @ $1238.40
Stocks which were UP 1% or more included AMD CY TECK
AKS BAC VRX FNSR CIEN NVDA AMZN CMG JKS
CSIQ FSLR SPWR COH LEN TSLA SINA FFIV TK
RIG WB LNG BABA MU CTRP GS CSOD KBH
X LRCX......
AH ER..TXRH Down 10.42%, EAT UP 4.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong and closed @ a new all time high. Indices closed @ high of the day. Momentum is very strong and there is a good chance that it will continue in short term. RSI @ 80 is scaring lot of traders, but, it is one the many indicators to watch closely to determine IF TAPE has reached its peak. One simple fact to keep in mind " 70 RSI is considered by many as automatic sell " guess how they are feeling now @ 80 RSI...what IF ....IF we are going to top out @ 90 RSI ?...when momentum is there " ride it out "
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2365.38, high 2366.71, low 2354.91
RSI @ 80.41
CMF @ 0.450
Internals were :
UP volume led by 3.67 to 1 in NYSE & 2.07 to 1 in Nasdaq
Advancing stocks led by 2.57 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 280 in NYSE & 304 in Nasdaq
VIX UP .70% @ 11.57
Oil @ $54.06
Gold @ $1238.40
Stocks which were UP 1% or more included AMD CY TECK
AKS BAC VRX FNSR CIEN NVDA AMZN CMG JKS
CSIQ FSLR SPWR COH LEN TSLA SINA FFIV TK
RIG WB LNG BABA MU CTRP GS CSOD KBH
X LRCX......
AH ER..TXRH Down 10.42%, EAT UP 4.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was strong and closed @ a new all time high. Indices closed @ high of the day. Momentum is very strong and there is a good chance that it will continue in short term. RSI @ 80 is scaring lot of traders, but, it is one the many indicators to watch closely to determine IF TAPE has reached its peak. One simple fact to keep in mind " 70 RSI is considered by many as automatic sell " guess how they are feeling now @ 80 RSI...what IF ....IF we are going to top out @ 90 RSI ?...when momentum is there " ride it out "
BLOG does NOT give buy or sell.
Saleem
Indices UP .20% to .42%...NICE !!!!
Indices are higher and making new all time highs. Oil is higher.
S&P 500 @ 2360.11, high 2366.24, low 2354.91
Internals are positive
Oil UP 85 cents
Gold Down $1.40
Canadian $ Down 53 tick @ .6844
VIX UP 3.31% @ 11.87
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are UP
@ 1.58 following are red :
BIDU FCX GG NTES SWKS PI ABX FB OLED
TWTR YUM YELP AGU CHK SWIR SLW
AEM CRUS OPK AAL......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2360.11, high 2366.24, low 2354.91
Internals are positive
Oil UP 85 cents
Gold Down $1.40
Canadian $ Down 53 tick @ .6844
VIX UP 3.31% @ 11.87
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are UP
@ 1.58 following are red :
BIDU FCX GG NTES SWKS PI ABX FB OLED
TWTR YUM YELP AGU CHK SWIR SLW
AEM CRUS OPK AAL......
BLOG does NOT give buy or sell.
Saleem
Sunday, February 19, 2017
CMF @ highest level in 5 months....
Chaikin Money Flow is @ highest level in all indices in last 5 months or since last August.
CMF clearly defines that money is flowing in market @ highest pace since August......
Momentum is building in this TAPE.
This kind of money flow bodes well for future gains.
These gains could come in a hurry.
Lot of things are going right for this market.
Every time we think, there is a correction or pullback coming, TAPE turns around in 48 hours towards new all time high.
It is important to know the built in buying and strength in this bull market.
Do not underestimate the power of this bull market.
Major gains still to come in many individual stocks who are making new highs.
Buy the strength or buy consolidation both are good strategy.
Semiconductor is looking the best sector to zero in, many stocks are breaking out after consolidation.
Some Chinese stocks are also looking very strong.
Even solar stocks came to life lately.
All this points to a TAPE which is broadening, which is very healthy.
This is a short week with Monday closed in US & Canada, but world markets are open on Monday, which should give us new momentum for Tuesday onwards.
It is important not to limit your gains in this TAPE, let it run with conviction and patience, which is a change from previous TAPE which had no conviction @ all.
This is a very good TAPE which happens once in a decade.
Good luck with your strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
CMF clearly defines that money is flowing in market @ highest pace since August......
Momentum is building in this TAPE.
This kind of money flow bodes well for future gains.
These gains could come in a hurry.
Lot of things are going right for this market.
Every time we think, there is a correction or pullback coming, TAPE turns around in 48 hours towards new all time high.
It is important to know the built in buying and strength in this bull market.
Do not underestimate the power of this bull market.
Major gains still to come in many individual stocks who are making new highs.
Buy the strength or buy consolidation both are good strategy.
Semiconductor is looking the best sector to zero in, many stocks are breaking out after consolidation.
Some Chinese stocks are also looking very strong.
Even solar stocks came to life lately.
All this points to a TAPE which is broadening, which is very healthy.
This is a short week with Monday closed in US & Canada, but world markets are open on Monday, which should give us new momentum for Tuesday onwards.
It is important not to limit your gains in this TAPE, let it run with conviction and patience, which is a change from previous TAPE which had no conviction @ all.
This is a very good TAPE which happens once in a decade.
Good luck with your strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, February 17, 2017
Indices closed UP .02% to .41%...NICE !!!!
Indices closed UP after digesting gains for couple of days. Indices closed @ high of the day and @ new all time highs, a sign of pent up demand for equities.
S&P 500 @ 2349.01, high 2349.04, low 2339.58
RSI @ 77.40
CMF @ 0.419
Internals were :
UP volume led by .97 to 1 in NYSE & 1.83 to 1 in Nasdaq
Advancing stocks led by .87 to 1 in NYSE & 1.26 to 1 in Nasdaq
VIX Down 2.30% @ 11.49
Oil @ $53.40
Gold @ $1239.10
Canadian $ @ .6884
Stocks which were UP 1% or more included AMD OCLR
AKS SWKS OLED TWTR LULU SBUX JKS CSIQ
FSLR TSLA FEYE MU DATA SWIR CSOD X
M ORCL....
Here is my portfolio weighting :
BIDU 19.97%
TECK 17.26%
OCLR 16.64%
AMD 14.58%
CNQ 14.27%
CY 9.73%
FCX 7.55%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2349.01, high 2349.04, low 2339.58
RSI @ 77.40
CMF @ 0.419
Internals were :
UP volume led by .97 to 1 in NYSE & 1.83 to 1 in Nasdaq
Advancing stocks led by .87 to 1 in NYSE & 1.26 to 1 in Nasdaq
VIX Down 2.30% @ 11.49
Oil @ $53.40
Gold @ $1239.10
Canadian $ @ .6884
Stocks which were UP 1% or more included AMD OCLR
AKS SWKS OLED TWTR LULU SBUX JKS CSIQ
FSLR TSLA FEYE MU DATA SWIR CSOD X
M ORCL....
Here is my portfolio weighting :
BIDU 19.97%
TECK 17.26%
OCLR 16.64%
AMD 14.58%
CNQ 14.27%
CY 9.73%
FCX 7.55%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 16, 2017
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2347.22, low 2338.87, high 2351.31
RSI @ 76.47
CMF @ 0.371
Internals were :
Down volume led by 1.72 to 1 in NYSE & 1.26 to 1 in Nasdaq
Declining stocks led by 1.33 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 189 in NYSE & 215 in Nasdaq
Oil @ $53.36
Gold @ $1241.60
AH ER...PI Down 2.43%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling pressure due to overbought condition. Indices closed near high of the day which is a sign of buying near lows. Internals were weak and many stocks were down. This was a mild digestive phase of gains, which is a good thing. Stay diversified as there is more upside left. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2347.22, low 2338.87, high 2351.31
RSI @ 76.47
CMF @ 0.371
Internals were :
Down volume led by 1.72 to 1 in NYSE & 1.26 to 1 in Nasdaq
Declining stocks led by 1.33 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 189 in NYSE & 215 in Nasdaq
Oil @ $53.36
Gold @ $1241.60
AH ER...PI Down 2.43%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling pressure due to overbought condition. Indices closed near high of the day which is a sign of buying near lows. Internals were weak and many stocks were down. This was a mild digestive phase of gains, which is a good thing. Stay diversified as there is more upside left. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .10% to .23%....
Indices are lower on overbought condition.
S&P 500 @ 2343.75, low 2338.87, high 2351.31
Internals are negative.
Oil UP 24 cents
Gold UP $8.10
Canadian $ UP 17 tick @ .6940
VIX UP 1.50% @ 12.15
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are down
@ 2.17 following are green :
BIDU GG NTES GOOG AKS PI CIEN ABX CMG
WB SWIR CRUS .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2343.75, low 2338.87, high 2351.31
Internals are negative.
Oil UP 24 cents
Gold UP $8.10
Canadian $ UP 17 tick @ .6940
VIX UP 1.50% @ 12.15
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are down
@ 2.17 following are green :
BIDU GG NTES GOOG AKS PI CIEN ABX CMG
WB SWIR CRUS .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 15, 2017
Indices closed UP .50% to .64%...NICE !!!!
Indices closed UP.
S&P 500 @ 2349.25, high 2351.30, low 2334.81
RSI @ 78.01
CMF @ 0.339
Internals were :
UP volume led by 1.65 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 1.44 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 262 in NYSE & 237 in Nasdaq
VIX UP 11.45% @ 11.97
Oil @ $53.11
Gold @ $1223.10
Stocks which were UP 1% or more included CY
NTES QRVO PI BAC VRX C OLED TWTR
UA JKS LEN NFLX CSIQ EXPE EBAY
SU FFIV FSLR WYNN MLNX DATA
SWIR CSOD CRUS NFLX KBH
OPK AAL.....
AH ER...NTES UP 6.93%, TRIP Down 5.6%
SPWR Down 5.24%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE continues its bull run by closing @ another all time highs. Internals were strong. It is a broad based rally with more participation in advancing stocks. Stay in diversified mode. VIX action was extremely surprising, jumping 11.45% when indices closed @ high of the day, strange contradiction. Keep an eye on your gains @ this stage.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2349.25, high 2351.30, low 2334.81
RSI @ 78.01
CMF @ 0.339
Internals were :
UP volume led by 1.65 to 1 in NYSE & 2.22 to 1 in Nasdaq
Advancing stocks led by 1.44 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 262 in NYSE & 237 in Nasdaq
VIX UP 11.45% @ 11.97
Oil @ $53.11
Gold @ $1223.10
Stocks which were UP 1% or more included CY
NTES QRVO PI BAC VRX C OLED TWTR
UA JKS LEN NFLX CSIQ EXPE EBAY
SU FFIV FSLR WYNN MLNX DATA
SWIR CSOD CRUS NFLX KBH
OPK AAL.....
AH ER...NTES UP 6.93%, TRIP Down 5.6%
SPWR Down 5.24%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE continues its bull run by closing @ another all time highs. Internals were strong. It is a broad based rally with more participation in advancing stocks. Stay in diversified mode. VIX action was extremely surprising, jumping 11.45% when indices closed @ high of the day, strange contradiction. Keep an eye on your gains @ this stage.
BLOG does NOT give buy or sell.
Saleem
Indices UP .40% to .49%....NICE !!!!!
Indices are higher on renewed hope for tax reform.Indices are @ high of the day and @ new all time high.
S&P 500 @ 2346.23, high 2347.29, low 2334.81
Internals are positive by 2 to 1.
Oil Down 1 cent
Gold UP $7.00
Canadian $ Down 9 tick @ .6916
VIX UP 7.91% @ 11.59
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
TECK earning was a beat in Sales C$3.56 billion a beat by $180 million & EPS C$1.61 beat by 13 cents, for current Q, steel making coal prices retreating from recent highs of $285 in mid December to currently $155 per ton, still spot price is double from a year ago. TECK is down 8.97%
Most stocks are UP
@ 2.14 PM following are red :
FCX TECK FNSR CIEN CHK FB LULU TSLA RIG
WB YELP AGU PANW CNX .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2346.23, high 2347.29, low 2334.81
Internals are positive by 2 to 1.
Oil Down 1 cent
Gold UP $7.00
Canadian $ Down 9 tick @ .6916
VIX UP 7.91% @ 11.59
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
TECK earning was a beat in Sales C$3.56 billion a beat by $180 million & EPS C$1.61 beat by 13 cents, for current Q, steel making coal prices retreating from recent highs of $285 in mid December to currently $155 per ton, still spot price is double from a year ago. TECK is down 8.97%
Most stocks are UP
@ 2.14 PM following are red :
FCX TECK FNSR CIEN CHK FB LULU TSLA RIG
WB YELP AGU PANW CNX .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 14, 2017
Indices closed UP .32% to .45%....NICE !!!!
Indices closed UP.
S&P 500 @ 2337.58, high 2337.58, low 2322.17
RSI @ 75.37
RSI @ 0.347
Internals were :
UP volume led by 1.83 to 1 in NYSE & 1.76 to 1 in Nasdaq
Advancing stocks led by 1.09 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 207 in NYSE & 167 in Nasdaq
VIX Down 2.98% @ 10.74
Oil @ $53.20
Gold @ $1225.40
Stocks which were UP 1% or more included CNQ OCLR
PI BAC VRX C CHK CMG OLED TWTR UA AAPL
LULU JKS CSIQ FSLR SPWR SINA DNKN TK
RIG FEYE MS GS AGU CSOD KORS OPK
CNX.....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continued its march to daily new all time highs, Fed chief comment of raising rates in March was taken as positive, thus financials rallied.Dow & S&P 500 closed @ absolute high of the day while Nasdaq missed it by less than 1 point. This strength in TAPE is unprecedented, it is better to be over allocated in equities.Most sectors are working on a rotation basis.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2337.58, high 2337.58, low 2322.17
RSI @ 75.37
RSI @ 0.347
Internals were :
UP volume led by 1.83 to 1 in NYSE & 1.76 to 1 in Nasdaq
Advancing stocks led by 1.09 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 207 in NYSE & 167 in Nasdaq
VIX Down 2.98% @ 10.74
Oil @ $53.20
Gold @ $1225.40
Stocks which were UP 1% or more included CNQ OCLR
PI BAC VRX C CHK CMG OLED TWTR UA AAPL
LULU JKS CSIQ FSLR SPWR SINA DNKN TK
RIG FEYE MS GS AGU CSOD KORS OPK
CNX.....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continued its march to daily new all time highs, Fed chief comment of raising rates in March was taken as positive, thus financials rallied.Dow & S&P 500 closed @ absolute high of the day while Nasdaq missed it by less than 1 point. This strength in TAPE is unprecedented, it is better to be over allocated in equities.Most sectors are working on a rotation basis.
BLOG does NOT give buy or sell.
Saleem
Indices UP .25% to .31%....NICE !!!!
Indices are higher on continued buying momentum and financials benefiting from hawkish statement from Janet Yellen. All major indices are making another new all time high. Indices are @ high of the day.
S&P 500 @ 2336.15, high 2336.19, low 2322.17
Internals are mostly positive
Oil UP 38 cents
Gold UP 90 cents
Canadian $ UP 14 tick @ .6944
VIX Down .45% @ 11.02
In my portfolio... Bought CY @ $12.59
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are UP
@ 2.28 following are red :
AMD BIDU TECK GG AKS NTES SWKS FB LEN
MSFT NFLX PCLN LNG BABA MU WYNN
LVS AEM KBH AAL X LRCX.....
TECK reports before open Wednesday, here are expectations :
Sales $2.55 billion, EPS $1.18
Next Q Sales $2.85 billion, EPS $1.47
TECK is on a major comeback, expecting continued progress on cost containment and higher EPS.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2336.15, high 2336.19, low 2322.17
Internals are mostly positive
Oil UP 38 cents
Gold UP 90 cents
Canadian $ UP 14 tick @ .6944
VIX Down .45% @ 11.02
In my portfolio... Bought CY @ $12.59
Portfolio AMD BIDU CNQ CY FCX OCLR TECK
Most stocks are UP
@ 2.28 following are red :
AMD BIDU TECK GG AKS NTES SWKS FB LEN
MSFT NFLX PCLN LNG BABA MU WYNN
LVS AEM KBH AAL X LRCX.....
TECK reports before open Wednesday, here are expectations :
Sales $2.55 billion, EPS $1.18
Next Q Sales $2.85 billion, EPS $1.47
TECK is on a major comeback, expecting continued progress on cost containment and higher EPS.
BLOG does NOT give buy or sell.
Saleem
Monday, February 13, 2017
Indices closed UP .52% to .70%....NICE !!!!
Indices closed up.
S&P 500 @ 2329.12, high 2331.58, low 2321.42
RSI @ 72.95
CMF @ 0.300
Internals were :
UP volume led by 2.14 to 1 in NYSE & 1.76 to 1 in Nasdaq
Advancing stocks led by 1.51 to 1 in NYSE & 1.39 to 1 in Nasdaq
Net new 52 wk highs were leading by 269 in NYSE & 274 in Nasdaq
VIX UP 2.03% @ 11.07
Oil @ $52.93
Gold @ $1225.80
Stocks which were UP 1% or more included FCX OCLR TECK
AKS NTES BAC FNSR CIEN C AMZN OLED TWTR JKS
CSIQ FSLR MSFT TSLA TK FEYE WB CTRP GS MS
SWIR AAL X M....
AH ER....CSOD UP 3.85%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE is strong and buying momentum continues. All major indices were in new all time high, a sign of confidence in this market. Stay in this market for maximum gains. Taking profit is OK and buying undervalued good stock is a good strategy. Stay diversified but keep an eye on gains in your portfolio.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2329.12, high 2331.58, low 2321.42
RSI @ 72.95
CMF @ 0.300
Internals were :
UP volume led by 2.14 to 1 in NYSE & 1.76 to 1 in Nasdaq
Advancing stocks led by 1.51 to 1 in NYSE & 1.39 to 1 in Nasdaq
Net new 52 wk highs were leading by 269 in NYSE & 274 in Nasdaq
VIX UP 2.03% @ 11.07
Oil @ $52.93
Gold @ $1225.80
Stocks which were UP 1% or more included FCX OCLR TECK
AKS NTES BAC FNSR CIEN C AMZN OLED TWTR JKS
CSIQ FSLR MSFT TSLA TK FEYE WB CTRP GS MS
SWIR AAL X M....
AH ER....CSOD UP 3.85%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE is strong and buying momentum continues. All major indices were in new all time high, a sign of confidence in this market. Stay in this market for maximum gains. Taking profit is OK and buying undervalued good stock is a good strategy. Stay diversified but keep an eye on gains in your portfolio.
BLOG does NOT give buy or sell.
Saleem
Indices UP .49% to .67%...NICE !!!!
Indices are higher on buying momentum for equities. Indices are @ high of the day.
S&P 500 @ 2327.70, high 2328.31, low 2321.42
Internals are positive.
Oil Down $1.01
Gold Down $ 10.20
Canadian $ UP 2 tick @ .6924
VIX UP 2.95% @ 11.17
Portfolio AMD BIDU CNQ FCX OCLR TECK
Most stocks are UP
@ 1.01 following are red :
CNQ GG MU VRX CHK NVDA ABX UA LULU
KGC DNKN EXPE LNG YELP WYNN TRIP
CSOD AEM CRUS KORS NKE KBH ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2327.70, high 2328.31, low 2321.42
Internals are positive.
Oil Down $1.01
Gold Down $ 10.20
Canadian $ UP 2 tick @ .6924
VIX UP 2.95% @ 11.17
Portfolio AMD BIDU CNQ FCX OCLR TECK
Most stocks are UP
@ 1.01 following are red :
CNQ GG MU VRX CHK NVDA ABX UA LULU
KGC DNKN EXPE LNG YELP WYNN TRIP
CSOD AEM CRUS KORS NKE KBH ....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 12, 2017
TAPE is looking healthy.....
TAPE is looking healthy and is ready to make 2017 another profitable year. Many stocks have outperformed this TAPE.
Some stocks are consolidating, while others have renewed strength.
Every market is different in its trading pattern.
This TAPE is "rotation on a 72 hours basis "
This TAPE is not a straight line uptrend.
IF you keep same stocks on a monthly basis, it will be obvious, that rotation can evaporate most of the gains, too much money is being moved around from stocks to stocks.
It is a trading market, swing trading can be more profitable, than buy and hold.
IF your time horizon is longer, like one year, then you are OK with a well diversified portfolio, and let it run for overall gains.
For traders, this is a very interesting market, offers many trading opportunities on a daily basis.
Based on technical charts from an important outfit, here is their prediction for major indices :
S&P 500 currently 2,316.10 is heading towards 2,639.00
Dow currently 20,269.37 is heading towards 20,949.00
Nasdaq currently 5,734.13 is heading towards 6,149.00
These are healthy gains IF you want to play index.....
BUT...individual stocks may give you better return, some of the target from same outfit are listed below :
TWTR currently 15.58 is heading towards 8.00
KORS currently 38.38 is heading towards 31.00
NVDA currently 113.62 is heading towards 161.00
AMD currently 13.58 is heading towards 19.75
FCX currently 15.80 is heading towards 28.50
GOOG currently 813.67 is heading towards 924.00
As you can see that some stocks are predicted to go lower, while others may show much healthier gains than indices.
It is important to know your stocks very well, from fundamental point of view and technical health on an ongoing basis.
Wall Street has a tendency to crush stocks on no news based only on their strategy, so be warned, that stocks can go lower on no apparent reason.
Knowledge, patience and conviction are key to not only survive but to prosper in this treacherous environment.
SO...do your own homework and pick stocks which suits your knowledge and comfort level.
Good luck with your strategy!
BLOG does NOT give buy or sell.
Saleem
Some stocks are consolidating, while others have renewed strength.
Every market is different in its trading pattern.
This TAPE is "rotation on a 72 hours basis "
This TAPE is not a straight line uptrend.
IF you keep same stocks on a monthly basis, it will be obvious, that rotation can evaporate most of the gains, too much money is being moved around from stocks to stocks.
It is a trading market, swing trading can be more profitable, than buy and hold.
IF your time horizon is longer, like one year, then you are OK with a well diversified portfolio, and let it run for overall gains.
For traders, this is a very interesting market, offers many trading opportunities on a daily basis.
Based on technical charts from an important outfit, here is their prediction for major indices :
S&P 500 currently 2,316.10 is heading towards 2,639.00
Dow currently 20,269.37 is heading towards 20,949.00
Nasdaq currently 5,734.13 is heading towards 6,149.00
These are healthy gains IF you want to play index.....
BUT...individual stocks may give you better return, some of the target from same outfit are listed below :
TWTR currently 15.58 is heading towards 8.00
KORS currently 38.38 is heading towards 31.00
NVDA currently 113.62 is heading towards 161.00
AMD currently 13.58 is heading towards 19.75
FCX currently 15.80 is heading towards 28.50
GOOG currently 813.67 is heading towards 924.00
As you can see that some stocks are predicted to go lower, while others may show much healthier gains than indices.
It is important to know your stocks very well, from fundamental point of view and technical health on an ongoing basis.
Wall Street has a tendency to crush stocks on no news based only on their strategy, so be warned, that stocks can go lower on no apparent reason.
Knowledge, patience and conviction are key to not only survive but to prosper in this treacherous environment.
SO...do your own homework and pick stocks which suits your knowledge and comfort level.
Good luck with your strategy!
BLOG does NOT give buy or sell.
Saleem
Friday, February 10, 2017
Indices UP .33% to .48%....NICE !!!!
Indices closed near high of the day on hopes for tax reform and higher oil. All major indices made a new all time high.
S&P 500 @ 2316.10, high 2319.23, low 2311.10
RSI @ 69.32
CMF @ 0.285
Internals were :
UP volume led by 2.30 to 1 in NYSE & 1.69 to 1 in Nasdaq
Advancing stocks led by 2.59 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk highs were leading by 226 in NYSE & 197 in Nasdaq
VIX Down .28% @ 10.85
Oil @ $53.86
Gold @ $1235.90
Canadian $ @ .6926.....job growth in Canada was way better than expected.
Stocks which were UP 1% or more AMD BIDU CNQ FCX TECK
FNSR CIEN CHK ABX GG SLW AEM JKS CSIQ FSLR SPWR
COH LEN DNKN EBAY PCLN TK RIG FEYE CTRP AGU
SWIR CSOD MGA ORCL MCD NKE KBH OPK.....
Here is my portfolio weighting :
TECK 21.96%
BIDU 21.63%
AMD 16.45%
OCLR 15.62%
CNQ 15.60%
FCX 8.74%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2316.10, high 2319.23, low 2311.10
RSI @ 69.32
CMF @ 0.285
Internals were :
UP volume led by 2.30 to 1 in NYSE & 1.69 to 1 in Nasdaq
Advancing stocks led by 2.59 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk highs were leading by 226 in NYSE & 197 in Nasdaq
VIX Down .28% @ 10.85
Oil @ $53.86
Gold @ $1235.90
Canadian $ @ .6926.....job growth in Canada was way better than expected.
Stocks which were UP 1% or more AMD BIDU CNQ FCX TECK
FNSR CIEN CHK ABX GG SLW AEM JKS CSIQ FSLR SPWR
COH LEN DNKN EBAY PCLN TK RIG FEYE CTRP AGU
SWIR CSOD MGA ORCL MCD NKE KBH OPK.....
Here is my portfolio weighting :
TECK 21.96%
BIDU 21.63%
AMD 16.45%
OCLR 15.62%
CNQ 15.60%
FCX 8.74%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 9, 2017
Indices closed UP .58% to .59%...NICE !!!!
Indices closed UP.
S&P 500 @ 2307.87, high 2311.08, low 2296.61
RSI @ 66.49
CMF @ 0.310
Internals were :
UP volume led by 2.32 to 1 in NYSE & 1.74 to 1 in Nasdaq
Advancing stocks led by 1.92 to 1 in NYSE & 2.61 to 1 in Nasdaq
Net new 52 wk highs were leading by 156 in NYSE & 164 in Nasdaq
VIX Down 4.98% @ 10.88
Oil @ $53.00
Gold @ $1236.80
Stocks which were UP 2% or more included CNQ
AKS FNSR CHK CMG UA TSLA DNKN SU
FEYE LNG FSLR SWIR MS AAL X PANW...
AH ER...ATVI UP 10.75%, YELP Down 9.26%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong today and all major indices closed @ new all time highs, oil was green, new highs gets series of new highs. Internals were strong. Stay with conviction in this TAPE, it gets sloppy then regains strength for few days. Booking profit and rotating into new ideas is more profitable. On Friday's there is a closing BLOG only around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2307.87, high 2311.08, low 2296.61
RSI @ 66.49
CMF @ 0.310
Internals were :
UP volume led by 2.32 to 1 in NYSE & 1.74 to 1 in Nasdaq
Advancing stocks led by 1.92 to 1 in NYSE & 2.61 to 1 in Nasdaq
Net new 52 wk highs were leading by 156 in NYSE & 164 in Nasdaq
VIX Down 4.98% @ 10.88
Oil @ $53.00
Gold @ $1236.80
Stocks which were UP 2% or more included CNQ
AKS FNSR CHK CMG UA TSLA DNKN SU
FEYE LNG FSLR SWIR MS AAL X PANW...
AH ER...ATVI UP 10.75%, YELP Down 9.26%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong today and all major indices closed @ new all time highs, oil was green, new highs gets series of new highs. Internals were strong. Stay with conviction in this TAPE, it gets sloppy then regains strength for few days. Booking profit and rotating into new ideas is more profitable. On Friday's there is a closing BLOG only around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .63% to .70%...NICE !!!!
All major indices are making new all time highs on higher oil. Indices are @ high of the day.
S&P 500 @ 2309.43, high 2309.63, low 2296.61
Internals are positive by minimum 2 to 1
Oil UP 79 cents
Gold Down $3.20
Canadian $ UP 10 tick @ .6867
VIX Down 4.80% @ 10.90
Portfolio AMD BIDU CNQ FCX OCLR TECK
Most stocks are UP
@ 2.15 following are red :
FCX TECK QRVO PI NVDA NTES ABX TWTR
KGC NFLX RIG AGU SLW AEM CRUS OPK..
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2309.43, high 2309.63, low 2296.61
Internals are positive by minimum 2 to 1
Oil UP 79 cents
Gold Down $3.20
Canadian $ UP 10 tick @ .6867
VIX Down 4.80% @ 10.90
Portfolio AMD BIDU CNQ FCX OCLR TECK
Most stocks are UP
@ 2.15 following are red :
FCX TECK QRVO PI NVDA NTES ABX TWTR
KGC NFLX RIG AGU SLW AEM CRUS OPK..
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 8, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2294.67, high 2295.91, low 2285.38
RSI @ 61.15
CMF @ 0.332
Internals were :
UP volume led by 1.31 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & .81 to 1 in Nasdaq
Net new 52 wk highs were leading by 55 in NYSE & 75 in Nasdaq
VIX UP 1.42% @ 11.45
Oil @ $52.34
Gold @ $1239.50
Stocks which were UP 1% or more included AMD BIDU OCLR
GG QRVO PI VRX FNSR NTES ABX CMG FB TWTR UA
LULU KGC COH LEN DNKN EBAY BABA AEM KORS
NKE TSLA X M PANW......
AH ER....IMPV UP 9.56%, SNCR Down 8.17%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day, Nasdaq closed @ new all time high. CMF is highest in 8 weeks in S&P 500 & Dow, which is a sign of money flowing in market. Indices seems to be getting buyers at red level, thus closing near high of the day, keeps happening daily. How we close tells us more about health of any TAPE. Stay in diversified portfolio, rotation is on.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2294.67, high 2295.91, low 2285.38
RSI @ 61.15
CMF @ 0.332
Internals were :
UP volume led by 1.31 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & .81 to 1 in Nasdaq
Net new 52 wk highs were leading by 55 in NYSE & 75 in Nasdaq
VIX UP 1.42% @ 11.45
Oil @ $52.34
Gold @ $1239.50
Stocks which were UP 1% or more included AMD BIDU OCLR
GG QRVO PI VRX FNSR NTES ABX CMG FB TWTR UA
LULU KGC COH LEN DNKN EBAY BABA AEM KORS
NKE TSLA X M PANW......
AH ER....IMPV UP 9.56%, SNCR Down 8.17%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day, Nasdaq closed @ new all time high. CMF is highest in 8 weeks in S&P 500 & Dow, which is a sign of money flowing in market. Indices seems to be getting buyers at red level, thus closing near high of the day, keeps happening daily. How we close tells us more about health of any TAPE. Stay in diversified portfolio, rotation is on.
BLOG does NOT give buy or sell.
Saleem
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