Indices closed down as month of March closed week, month and quarter. Nasdaq was the big winner by 9.8% gain in first quarter. Indices closed @ low of the day.
S&P 500 @ 2362.72, low 2362.60, high 2370.35
RSI @ 53.68
CMF @ -0.007
Internals were :
UP volume led by .96 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 91 in NYSE & 96 in Nasdaq
VIX UP 7.19% @ 12.37
Oil @ $50.60
Gold @ $1251.20
Stocks which were UP 1% or more included AMD
CHK AMZN LULU JKS CSIQ LNG CNX SLW
DATA BBRY.....
In my portfolio ..Bought CY @ $13.80
Here is my portfolio weighting :
AMD 25.78%
MU 19.72%
BIDU 18.99%
CNQ 15.88%
TECK 12.05%
CY 7.58%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Friday, March 31, 2017
Thursday, March 30, 2017
Indices closed UP .28% to .33%....NICE !!!!
Indices closed UP.
S&P 500 @ 2368.06, high 2370.42, low 2358.58
RSI @ 56.64
CMF @ 0.077
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.65 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 83 in Nasdaq
VIX UP 1.05% @ 11.54
Oil @ $50.35
Gold @ $1248.00
Stocks which were UP 1% or more included AMD BIDU MU
CIEN AKS OLED QRVO BAC C GS MS NVDA CMG
FCX SBUX NFLX CSIQ AGU CRUS AAL X .....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continued its run towards a new all time high closing in Nasdaq, others indices were green @ close. Internals remained positive. Financials were strong along with technology. Many sectors participated in today's rally. Friday close could be positive again. Stay with conviction and patience with your high comfort stocks. There is a closing BLOG only around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2368.06, high 2370.42, low 2358.58
RSI @ 56.64
CMF @ 0.077
Internals were :
UP volume led by 1.22 to 1 in NYSE & 1.65 to 1 in Nasdaq
Advancing stocks led by 1.56 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 83 in Nasdaq
VIX UP 1.05% @ 11.54
Oil @ $50.35
Gold @ $1248.00
Stocks which were UP 1% or more included AMD BIDU MU
CIEN AKS OLED QRVO BAC C GS MS NVDA CMG
FCX SBUX NFLX CSIQ AGU CRUS AAL X .....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continued its run towards a new all time high closing in Nasdaq, others indices were green @ close. Internals remained positive. Financials were strong along with technology. Many sectors participated in today's rally. Friday close could be positive again. Stay with conviction and patience with your high comfort stocks. There is a closing BLOG only around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Indices UP .23% to .29%....NICE !!!!
Indices are up on higher Q4 GDP of 2.1% vs 2.0 expected. Indices are near high of the day.
S&P 500 @ 2367.62, high 2370.42, low 2358.58
Internals are positive by almost 2 to 1
Oil UP 89 cents
Gold Down $8.70
Canadian $ UP 24 tick @ .6699
VIX UP .44% @ 11.47
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 2.16 following are down :
CNQ CY SWIR BABA GG ABX NTES WB VRX
UA V LULU LEN SINA LNG YELP FSLR SNAP
WYNN TRIP CSOD SU SLW AEM KORS OPK
NKE CNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2367.62, high 2370.42, low 2358.58
Internals are positive by almost 2 to 1
Oil UP 89 cents
Gold Down $8.70
Canadian $ UP 24 tick @ .6699
VIX UP .44% @ 11.47
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 2.16 following are down :
CNQ CY SWIR BABA GG ABX NTES WB VRX
UA V LULU LEN SINA LNG YELP FSLR SNAP
WYNN TRIP CSOD SU SLW AEM KORS OPK
NKE CNX......
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 29, 2017
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2361.13, high 2363.36, low 2352.94
RSI @ 53.56
CMF @ 0.010
Internals were :
UP volume led by 1.95 to 1 in NYSE & 2.08 to 1 in Nasdaq
Advancing stocks led by 1.88 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 73 in Nasdaq
VIX Down .95% @ 11.42
Oil @ $49.51
Gold @ $1253.70
Stocks which were UP 1% or more included CNQ TECK
BABA PI GOOGVRX CHK AMZN CMG FCX UA
LULU KGC COH SINA SU TK RIG FEYE WB
LNG YELP SNAP TRIP DATA M CNX.....
AH ER..LULU Down 17.57%, EXTR UP 16.87%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continued its recovery from below 50 DMA, Dow was negative due to financials being weak. Internals were strong and positive all over. Technology was strong and AMZN hit new all time high. Strong stocks performing well. Energy came alive due to low distillate inventory. Hopefully, all indices may close green on Thursday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2361.13, high 2363.36, low 2352.94
RSI @ 53.56
CMF @ 0.010
Internals were :
UP volume led by 1.95 to 1 in NYSE & 2.08 to 1 in Nasdaq
Advancing stocks led by 1.88 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 73 in Nasdaq
VIX Down .95% @ 11.42
Oil @ $49.51
Gold @ $1253.70
Stocks which were UP 1% or more included CNQ TECK
BABA PI GOOGVRX CHK AMZN CMG FCX UA
LULU KGC COH SINA SU TK RIG FEYE WB
LNG YELP SNAP TRIP DATA M CNX.....
AH ER..LULU Down 17.57%, EXTR UP 16.87%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE continued its recovery from below 50 DMA, Dow was negative due to financials being weak. Internals were strong and positive all over. Technology was strong and AMZN hit new all time high. Strong stocks performing well. Energy came alive due to low distillate inventory. Hopefully, all indices may close green on Thursday.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed as Dow is in red, Nasdaq and S&P 500 are green as oil continues to rebound on low distillate inventory. Indices are near high of the day.
S&P 500 @ 2360.82, high 2362.43, low 2352.94
Internals are positive.
Oil UP 97 cents
Gold Down $2.60
Canadian $ UP 40 tick @ .6658
VIX Down 3.04% @ 11.18
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 1.58 following are red :
MU CY CIEN FNSR AKS NTES SWKS QRVO
MA JKS TSLA FFIV YUM SNAP SWIR GS
MGA MCD SLW CRUS OPK AAL.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2360.82, high 2362.43, low 2352.94
Internals are positive.
Oil UP 97 cents
Gold Down $2.60
Canadian $ UP 40 tick @ .6658
VIX Down 3.04% @ 11.18
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 1.58 following are red :
MU CY CIEN FNSR AKS NTES SWKS QRVO
MA JKS TSLA FFIV YUM SNAP SWIR GS
MGA MCD SLW CRUS OPK AAL.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 28, 2017
Indices closed UP .60% to .73%....NICE!!!!
Indices closed UP.
S&P 500 @ 2358.57, high 2363.78, low 2337.63
RSI @ 52.40
CMF @ 0.018
Internals were :
UP volume led by 3.55 to 1 in NYSE & 1.66 to 1 in Nasdaq
Advancing stocks led by 2.91 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 87 in Nasdaq
VIX Down 7.76% @ 11.53
Oil @ $48.37
Gold @ $1255.60
Stocks which were UP 1% or more included OCLR AKS PI
OLED BAC C GS MS CMG FCX FB AMZN UA AAPL
COH TSLA CSIQ SU YUM CHK TK RIG FEYE WB
TRIP KORS NKE KBH OPK AAL X M CNX.....
AH ER.....RH UP 15.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE staged a rally and build on reversal yesterday, a kind of TAPE which everyone loves. Internals were strong and oil staged a mini uptick. Indices have been languishing for a while and was oversold. Hopefully we go to series of new all time highs in short order. Stay diversified as rotation keeps happening.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2358.57, high 2363.78, low 2337.63
RSI @ 52.40
CMF @ 0.018
Internals were :
UP volume led by 3.55 to 1 in NYSE & 1.66 to 1 in Nasdaq
Advancing stocks led by 2.91 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 87 in Nasdaq
VIX Down 7.76% @ 11.53
Oil @ $48.37
Gold @ $1255.60
Stocks which were UP 1% or more included OCLR AKS PI
OLED BAC C GS MS CMG FCX FB AMZN UA AAPL
COH TSLA CSIQ SU YUM CHK TK RIG FEYE WB
TRIP KORS NKE KBH OPK AAL X M CNX.....
AH ER.....RH UP 15.79%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE staged a rally and build on reversal yesterday, a kind of TAPE which everyone loves. Internals were strong and oil staged a mini uptick. Indices have been languishing for a while and was oversold. Hopefully we go to series of new all time highs in short order. Stay diversified as rotation keeps happening.
BLOG does NOT give buy or sell.
Saleem
Indices UP .73% to .88%....NICE !!!!
Indices are higher on oversold condition and higher oil. Indices are @ high of the day.
S&P 500 @ 2362.10, high 2362.47, low 2337.63
Internals are positive by 2 to 1
Oil UP 80 cents
Gold Down $5.80
Canadian $ UP 2 tick @ .6627
VIX Down 8% @ 11.50
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 2.18 following are red :
CY GG VRX ABX LULU KGC SINA YELP
SNAP MLNX SLW AEM ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2362.10, high 2362.47, low 2337.63
Internals are positive by 2 to 1
Oil UP 80 cents
Gold Down $5.80
Canadian $ UP 2 tick @ .6627
VIX Down 8% @ 11.50
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 2.18 following are red :
CY GG VRX ABX LULU KGC SINA YELP
SNAP MLNX SLW AEM ......
BLOG does NOT give buy or sell.
Saleem
Monday, March 27, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2341.59, low 2322.25, high 2344.90
RSI @ 43.74
CMF @ -0.007
Internals were :
UP volume led by .94 to 1 in NYSE & 1.66 to 1 in Nasdaq
Advancing stocks led by 1.00 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 9 in Nasdaq
VIX Down 3.55% @ 12.50
Oil @ $47.73
Gold @ $1255.70
Stocks which were UP 1% or more included MU TECK
CY PI GG ABX SLW AEM KGC QRVO LVS WYNN
JKS CSIQ SPWR COH NFLX TSLA PCLN WB
SNAP MGA OPK....
AH ER....RHT UP 5.29%, DECK UP 1.75%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was sinking on open, then a gradual recovery took place, when buyers came in.Indices closed near high of the day after breaching 50 DMA in Dow & S&P 500, a very impressive reversal.Technology was strong and financials were weak. A well diversified portfolio worked well today. A green close on Tuesday should set the tone for higher highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2341.59, low 2322.25, high 2344.90
RSI @ 43.74
CMF @ -0.007
Internals were :
UP volume led by .94 to 1 in NYSE & 1.66 to 1 in Nasdaq
Advancing stocks led by 1.00 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 9 in Nasdaq
VIX Down 3.55% @ 12.50
Oil @ $47.73
Gold @ $1255.70
Stocks which were UP 1% or more included MU TECK
CY PI GG ABX SLW AEM KGC QRVO LVS WYNN
JKS CSIQ SPWR COH NFLX TSLA PCLN WB
SNAP MGA OPK....
AH ER....RHT UP 5.29%, DECK UP 1.75%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was sinking on open, then a gradual recovery took place, when buyers came in.Indices closed near high of the day after breaching 50 DMA in Dow & S&P 500, a very impressive reversal.Technology was strong and financials were weak. A well diversified portfolio worked well today. A green close on Tuesday should set the tone for higher highs.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are recovering nicely, after Dow & S&P 500 dipping below 50 DMA on spirited buying by institutions & traders, who were waiting for a serious dip below key technical levels. Nasdaq remained above 50 DMA by 10 points.
S&P 500 @ 2338.26, low 2322.25, high 2343.79, 50 DMA @ 2331.92
Internals are mixed as Nasdaq internals are positive.
Oil Down 35 cents
Gold UP $6.90
Canadian $ Down 2 tick @ .6621
VIX UP 2.08% @ 1323, high today 15.11, low 12.80
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 2.03 following are red :
CNQ OCLR SWIR BABA AKS BAC CHK CMG FCX
TWTR SINA DNKN SU TK RIG FSLR GS MS NKE
KBH X M CNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2338.26, low 2322.25, high 2343.79, 50 DMA @ 2331.92
Internals are mixed as Nasdaq internals are positive.
Oil Down 35 cents
Gold UP $6.90
Canadian $ Down 2 tick @ .6621
VIX UP 2.08% @ 1323, high today 15.11, low 12.80
Portfolio AMD BIDU CNQ MU TECK
Most stocks are UP
@ 2.03 following are red :
CNQ OCLR SWIR BABA AKS BAC CHK CMG FCX
TWTR SINA DNKN SU TK RIG FSLR GS MS NKE
KBH X M CNX......
BLOG does NOT give buy or sell.
Saleem
Sunday, March 26, 2017
Is TAPE getting weaker ?
Last week TAPE showed weakness on repeal and replace health-care issue, in the end it was pulled completely, a stunning reversal of campaign top agenda.
Most pundits were analyzing not enough vote to get repeal and replace thru.
The real issue could be that many tax benefits were coming from this repeal and replace.
Now the question is, where are they going to get savings for tax reform....
Once wall street get the hang of this , we may have serious sell off right thru support.
Dow and S&P 500 tested support and held.
Nasdaq was the healthiest, thanks to SOX.
SOX is the strongest and may give hope from retest of 50 DMA.
S&P 400 & RUT is weak
Oil is weak
Even in SOX many semiconductors are off their highs, except MU & CY
This bull run is getting tired and very few stocks are participating, not a sign of strength.
The question is.....how do we position in this market, staying with SOX is a smart idea, it should recover fast after any selling.
Gold strength also highlights overall market weakness.
We have entered a difficult phase in market, strength should be sold and weakness should be bought, kind of swing trading.
Do not hesitate to take profit IF you have.
Buy the same stock on any pullback.
Keep repeating this sell and buy approach, until there is clarity on tax reform.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Most pundits were analyzing not enough vote to get repeal and replace thru.
The real issue could be that many tax benefits were coming from this repeal and replace.
Now the question is, where are they going to get savings for tax reform....
Once wall street get the hang of this , we may have serious sell off right thru support.
Dow and S&P 500 tested support and held.
Nasdaq was the healthiest, thanks to SOX.
SOX is the strongest and may give hope from retest of 50 DMA.
S&P 400 & RUT is weak
Oil is weak
Even in SOX many semiconductors are off their highs, except MU & CY
This bull run is getting tired and very few stocks are participating, not a sign of strength.
The question is.....how do we position in this market, staying with SOX is a smart idea, it should recover fast after any selling.
Gold strength also highlights overall market weakness.
We have entered a difficult phase in market, strength should be sold and weakness should be bought, kind of swing trading.
Do not hesitate to take profit IF you have.
Buy the same stock on any pullback.
Keep repeating this sell and buy approach, until there is clarity on tax reform.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, March 24, 2017
Indices closed mixed.....
Indices closed mixed on an UP and Down day and finally closing mixed. Repeal and replace health care proposal is withdrawn.
S&P 500 @ 2343.98, low 2335.74, high 2356.22
RSI @ 44.80
CMF @ -0.011
Internals were :
UP volume led by .92 to 1 in NYSE & 1.78 to 1 in Nasdaq
Advancing stocks led by 1.07 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 50 in NYSE & 28 in Nasdaq
VIX Down 1.22% @ 12.96
Oil @ $47.97
Gold @ $1248.50
Canadian $ @ .6621
Stocks which were UP 1% or more included MU CY
OCLR QRVO FNSR CHK TWTR UA SBUX JKS
TSLA SINA WB LNG CTRP DATA CRUS
NKE OPK LRCX......
In my portfolio :
Sold CY $14.45
Added 25% AMD @ $13.75
Here is my portfolio weighting :
AMD 27.18%
MU 21.73%
BIDU 20.73%
CNQ 17.36%
TECK 13.00%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2343.98, low 2335.74, high 2356.22
RSI @ 44.80
CMF @ -0.011
Internals were :
UP volume led by .92 to 1 in NYSE & 1.78 to 1 in Nasdaq
Advancing stocks led by 1.07 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 50 in NYSE & 28 in Nasdaq
VIX Down 1.22% @ 12.96
Oil @ $47.97
Gold @ $1248.50
Canadian $ @ .6621
Stocks which were UP 1% or more included MU CY
OCLR QRVO FNSR CHK TWTR UA SBUX JKS
TSLA SINA WB LNG CTRP DATA CRUS
NKE OPK LRCX......
In my portfolio :
Sold CY $14.45
Added 25% AMD @ $13.75
Here is my portfolio weighting :
AMD 27.18%
MU 21.73%
BIDU 20.73%
CNQ 17.36%
TECK 13.00%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 23, 2017
Indices closed down .02% to .11%.....
Indices closed down.
S&P 500 @ 2345.96, low 2342.13, high 2358.92
RSI @ 0.050
Internals were :
UP volume led by 1.13 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 16 in Nasdaq
VIX UP 2.42% @ 13.12
Oil @ $47.70
Gold @ $1247.20
Stocks which were UP 1% or more included CY MU
BABA OLED VRX CHK YHOO SINA TK LNG
FEYE SNAP TRIP SWIR KORS NKE KBH
AAL CNX.....
AH ER...MU UP 10.28%, GME Down 11.31%
MU Q2 ER was a beat on EPS by 5 cents ....
Q3 guidance Sales expected $4.70 billion, guiding $5.4 billion
Q3 EPS expected 89 cents, guiding $1.50
This guidance for Q 3 is the-best i have ever seen by any company ever......
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was rallying whole day close to triple digit, then word came that no voting tonight on repeal and replace health care. Again, we are hearing that there is a vote on Friday, thus futures higher. Internals improved and most technology except GOOG were UP. GOOG faced reaction to improper display of ads on YouTube. Hopefully Friday will be a positive day. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2345.96, low 2342.13, high 2358.92
RSI @ 0.050
Internals were :
UP volume led by 1.13 to 1 in NYSE & 1.16 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 16 in Nasdaq
VIX UP 2.42% @ 13.12
Oil @ $47.70
Gold @ $1247.20
Stocks which were UP 1% or more included CY MU
BABA OLED VRX CHK YHOO SINA TK LNG
FEYE SNAP TRIP SWIR KORS NKE KBH
AAL CNX.....
AH ER...MU UP 10.28%, GME Down 11.31%
MU Q2 ER was a beat on EPS by 5 cents ....
Q3 guidance Sales expected $4.70 billion, guiding $5.4 billion
Q3 EPS expected 89 cents, guiding $1.50
This guidance for Q 3 is the-best i have ever seen by any company ever......
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was rallying whole day close to triple digit, then word came that no voting tonight on repeal and replace health care. Again, we are hearing that there is a vote on Friday, thus futures higher. Internals improved and most technology except GOOG were UP. GOOG faced reaction to improper display of ads on YouTube. Hopefully Friday will be a positive day. There is a closing BLOG only on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .15% to .28%.....NICE !!!!
Indices are UP in anticipation for an agreement on health care bill.
S&P 500 @ 2353.88, high 2358.92, low 2342.93
Internals are positive by 3 to 1
Oil Down 21 cents
Gold Down $3.10
Canadian $ Down 15 tick @ .6659
VIX Down 2.11% @ 12.54
Portfolio AMD BIDU CNQ CY MU TECK
Most stocks are UP
@ 2.13 following are red :
AMD TECK OCLR CIEN AKS NTES GOOG NVDA
ABX NFLX CSIQ DNKN EXPE YELP FSLR SLW
WYNN DATA OPK X.....
AH MU reports, here are the expectations :
Sales $4.64 billion, EPS 85 cents
Next Q guidance Sales $4.70 billion EPS 89 cents
Expecting a beat and higher guidance.....6.5% +- move expected
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2353.88, high 2358.92, low 2342.93
Internals are positive by 3 to 1
Oil Down 21 cents
Gold Down $3.10
Canadian $ Down 15 tick @ .6659
VIX Down 2.11% @ 12.54
Portfolio AMD BIDU CNQ CY MU TECK
Most stocks are UP
@ 2.13 following are red :
AMD TECK OCLR CIEN AKS NTES GOOG NVDA
ABX NFLX CSIQ DNKN EXPE YELP FSLR SLW
WYNN DATA OPK X.....
AH MU reports, here are the expectations :
Sales $4.64 billion, EPS 85 cents
Next Q guidance Sales $4.70 billion EPS 89 cents
Expecting a beat and higher guidance.....6.5% +- move expected
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 22, 2017
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2348.46, high 2351.81, low 2336.45
RSI @ 46.70
CMF @ 0.091
Internals were :
UP volume led by .99 to 1 in NYSE & 1.46 to 1 in Nasdaq
Advancing stocks led by 1.18 to 1 in NYSE & .75 to 1 in Nasdaq
Net new 52 wk lows were leading by 43 in NYSE & 54 in Nasdaq
VIX UP 2.73% @ 12.81
Oil @ $48.04
Gold @ $1249.70
AH ER...PVH UP 7.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE found support above 50 DMA and closed near high of the day, good technical action. It is all about repeal and replace vote on Thursday, TAPE may mark time in anticipation of outcome, based on everything i can see, that it may pass. TAPE is expecting positive outcome and may rally hard.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2348.46, high 2351.81, low 2336.45
RSI @ 46.70
CMF @ 0.091
Internals were :
UP volume led by .99 to 1 in NYSE & 1.46 to 1 in Nasdaq
Advancing stocks led by 1.18 to 1 in NYSE & .75 to 1 in Nasdaq
Net new 52 wk lows were leading by 43 in NYSE & 54 in Nasdaq
VIX UP 2.73% @ 12.81
Oil @ $48.04
Gold @ $1249.70
AH ER...PVH UP 7.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE found support above 50 DMA and closed near high of the day, good technical action. It is all about repeal and replace vote on Thursday, TAPE may mark time in anticipation of outcome, based on everything i can see, that it may pass. TAPE is expecting positive outcome and may rally hard.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed after being lower earlier, Dow is the only loser today. TAPE is behaving much better considering yesterday's selling and London's incident.
S&P 500 @ 2344.04, high 2351.21, low 2336.45
Internals are mostly negative.
Oil Down 5 cents
Gold UP $4.40
Canadian $ UP 21 tick .6671
VIX UP 1.92% @ 12.71
Portfolio AMD BIDU CNQ CY MU TECK
Most stocks are down
@ 2.12 following are green :
AMD CNQ MU TECK CIEN BABA AKS GG NTES
SWKS QRVO FNSR NVDA AMZN ABX CMG
FCX FB TWTR V AAPL SBUX MA MSFT
TSLA DNKN PCLN WB LNG SNAP
WYNN MLNX SWIR MCD SLW
AEM CRUS X LRCX.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2344.04, high 2351.21, low 2336.45
Internals are mostly negative.
Oil Down 5 cents
Gold UP $4.40
Canadian $ UP 21 tick .6671
VIX UP 1.92% @ 12.71
Portfolio AMD BIDU CNQ CY MU TECK
Most stocks are down
@ 2.12 following are green :
AMD CNQ MU TECK CIEN BABA AKS GG NTES
SWKS QRVO FNSR NVDA AMZN ABX CMG
FCX FB TWTR V AAPL SBUX MA MSFT
TSLA DNKN PCLN WB LNG SNAP
WYNN MLNX SWIR MCD SLW
AEM CRUS X LRCX.
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 21, 2017
Indices closed down 1.14% to 1.83%.......
Indices closed down.
S&P 500 @ 2344.02, low 2341.90, high 2381.93
RSI @ 44.61
CMF @ 0.078
Internals were :
Down volume led by 6.13 to 1 in NYSE & 7.59 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 5.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 61 in Nasdaq
VIX UP 9.96% @ 12.47
Oil @ $47.39
Gold @ $1246.50
In my portfolio :
Sold OCLR @ $9.60
Added 105% MU @ $25.47
AH ER.... NKE Down 3.71%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE slumped on doubts about passing of new health care legislation, TAPE has been rallying on optimism about new policies, but its implementations has been put in doubt now.Indices suffered its worst slump since last September / October.Internals were sharply negative. This weakness is a buying opportunity, as semis continue to fare well, Nasdaq made a new intraday all time high.CMF is negative in Dow, still positive in S&P 500 and Nasdaq.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2344.02, low 2341.90, high 2381.93
RSI @ 44.61
CMF @ 0.078
Internals were :
Down volume led by 6.13 to 1 in NYSE & 7.59 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 5.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 61 in Nasdaq
VIX UP 9.96% @ 12.47
Oil @ $47.39
Gold @ $1246.50
In my portfolio :
Sold OCLR @ $9.60
Added 105% MU @ $25.47
AH ER.... NKE Down 3.71%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE slumped on doubts about passing of new health care legislation, TAPE has been rallying on optimism about new policies, but its implementations has been put in doubt now.Indices suffered its worst slump since last September / October.Internals were sharply negative. This weakness is a buying opportunity, as semis continue to fare well, Nasdaq made a new intraday all time high.CMF is negative in Dow, still positive in S&P 500 and Nasdaq.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.03% to 1.64%.....
Indices are sharply lower as financial stocks turns lower.Indices are @ low of the day.
S&P 500 @ 2345.58, low 2344.25, high 2381.93
Internals are extremely negative by over 5 to 1 in NYSE & over 6 to 1 in Nasdaq.
Oil Down 88 cents
Gold UP $12.50
Canadian $ Down 7 tick @ .6646
VIX UP 12.79% @ 12.79...not a typo....
In my portfolio ...Bought MU @ $26.26
Portfolio AMD BIDU CNQ CY MU OCLR TECK
Most stocks are down
@ 2.15 following are green :
OCLR GG FNSR CMG ABX RIG WYNN SWIR SLW
AEM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2345.58, low 2344.25, high 2381.93
Internals are extremely negative by over 5 to 1 in NYSE & over 6 to 1 in Nasdaq.
Oil Down 88 cents
Gold UP $12.50
Canadian $ Down 7 tick @ .6646
VIX UP 12.79% @ 12.79...not a typo....
In my portfolio ...Bought MU @ $26.26
Portfolio AMD BIDU CNQ CY MU OCLR TECK
Most stocks are down
@ 2.15 following are green :
OCLR GG FNSR CMG ABX RIG WYNN SWIR SLW
AEM .....
BLOG does NOT give buy or sell.
Saleem
Monday, March 20, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2373.47, low 2369.66, high 2379.55
RSI @ 58.83
CMF @ 0.174
Internals were :
Down volume led by 1.59 to 1 in NYSE & .89 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & 1.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 86 in NYSE & 113 in Nasdaq
VIX UP .53% @ 11.34
Oil @ $48.22
Gold @ $1234.00
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was weak due to lower oil, Nasdaq closed @ green and made a new all time high @ intraday and @ close.Internals behave better than close, they were mostly positive. Semiconductor stocks were strong and few made new 52 wk high.Financials were weak. While this TAPE is marking time, it is a good time to improve portfolio quality for better performance.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2373.47, low 2369.66, high 2379.55
RSI @ 58.83
CMF @ 0.174
Internals were :
Down volume led by 1.59 to 1 in NYSE & .89 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & 1.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 86 in NYSE & 113 in Nasdaq
VIX UP .53% @ 11.34
Oil @ $48.22
Gold @ $1234.00
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was weak due to lower oil, Nasdaq closed @ green and made a new all time high @ intraday and @ close.Internals behave better than close, they were mostly positive. Semiconductor stocks were strong and few made new 52 wk high.Financials were weak. While this TAPE is marking time, it is a good time to improve portfolio quality for better performance.
BLOG does NOT give buy or sell.
Saleem
Indices are down .04% to .23%......
Indices are lower due to lower oil and financials, Semiconductors are performing well. Nasdaq made a new all time high intraday.
S&P 500 @ 2372.84, low 2371.40, high 2379.55
Internals are negative.
Oil Down 45 cents
Gold UP $3.50
Canadian $ Down 4 tick @ .6648
VIX UP .89% @ 11.38
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are lower
@ 2.01 following are green :
AMD CY TECK BABA MU NTES SWKS QRVO
NVDA AMZN ABX LVS AAPL NFLX DNKN
FEYE YELP SNAP CTRP WYNN MLNX
SWIR AEM CRUS NKE LRCX CNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2372.84, low 2371.40, high 2379.55
Internals are negative.
Oil Down 45 cents
Gold UP $3.50
Canadian $ Down 4 tick @ .6648
VIX UP .89% @ 11.38
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are lower
@ 2.01 following are green :
AMD CY TECK BABA MU NTES SWKS QRVO
NVDA AMZN ABX LVS AAPL NFLX DNKN
FEYE YELP SNAP CTRP WYNN MLNX
SWIR AEM CRUS NKE LRCX CNX...
BLOG does NOT give buy or sell.
Saleem
Sunday, March 19, 2017
World markets @ new all time high......
US market is driving world FTSE index to new all time high, this is very constructive for US market, as it is not the only index running away.
Talking of US market, it is all set to resume its uptrend after taking a well deserved rest.
Nasdaq is sitting @ new all time high on an intraday basis on Friday.
S&P 500 is only 22 points away from making a new all time high.
Dow is only 286 points away from doing the same.
RSI is reasonable based on recent trend, they are as follows :
S&P 500 @ 61.79
Dow @ 63.84
Nasdaq @ 66.47
CMF has come down quite a bit which reflects booking profit.
Bulls to Bear ratio is also very healthy, and they are :
Bulls 53.4%
Bears 17.5%
Bulls have come down 10 points from its recent high, again a reflection of booking huge profits.
SO...all in all TAPE has worked off some of its froth, and is ready to make series of new highs.
SOX is the undisputed leader, @ new all time highs
Russell is ready to move higher
FANG is behaving well.
Select Chinese stocks are ready to break on the upside.
SO....lot of sectors behaving well.
It is important to pay attention to sectors and stocks which are outperforming.
SO....make sure your portfolio reflects strength and stocks which will make you money, market verdict is decisive vs your own interpretation.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Talking of US market, it is all set to resume its uptrend after taking a well deserved rest.
Nasdaq is sitting @ new all time high on an intraday basis on Friday.
S&P 500 is only 22 points away from making a new all time high.
Dow is only 286 points away from doing the same.
RSI is reasonable based on recent trend, they are as follows :
S&P 500 @ 61.79
Dow @ 63.84
Nasdaq @ 66.47
CMF has come down quite a bit which reflects booking profit.
Bulls to Bear ratio is also very healthy, and they are :
Bulls 53.4%
Bears 17.5%
Bulls have come down 10 points from its recent high, again a reflection of booking huge profits.
SO...all in all TAPE has worked off some of its froth, and is ready to make series of new highs.
SOX is the undisputed leader, @ new all time highs
Russell is ready to move higher
FANG is behaving well.
Select Chinese stocks are ready to break on the upside.
SO....lot of sectors behaving well.
It is important to pay attention to sectors and stocks which are outperforming.
SO....make sure your portfolio reflects strength and stocks which will make you money, market verdict is decisive vs your own interpretation.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, March 17, 2017
Indices closed mixed.....
Indices closed mixed on quad witching, market makers wanted this way.Oil was flattish. Nasdaq notched another all time high on an intraday basis. Internals were OK considering mixed close.
S&P 500 @ 2378.25, low 2377.64, high 2385.71
RSI @ 61.79
CMF @ 0.233
Internals were :
UP volume led by .86 to 1 in NYSE & .83 to 1 in Nasdaq
Advancing stocks led by 1.51 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 153 in Nasdaq
VIX UP .62% @ 11.28
Oil @ $48.78
Gold @ $1230.20
Canadian $ @ .6632
Stocks which were UP 1% or more included OCLR
OLED NTES FNSR NVDA LVS SBUX DNKN
EBAY WYNN.....
Here is my portfolio weighting :
BIDU 20.48%
AMD 20.02%
CNQ 16.71%
CY 16.21%
OCLR 14.30%
TECK 12.28%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2378.25, low 2377.64, high 2385.71
RSI @ 61.79
CMF @ 0.233
Internals were :
UP volume led by .86 to 1 in NYSE & .83 to 1 in Nasdaq
Advancing stocks led by 1.51 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 153 in Nasdaq
VIX UP .62% @ 11.28
Oil @ $48.78
Gold @ $1230.20
Canadian $ @ .6632
Stocks which were UP 1% or more included OCLR
OLED NTES FNSR NVDA LVS SBUX DNKN
EBAY WYNN.....
Here is my portfolio weighting :
BIDU 20.48%
AMD 20.02%
CNQ 16.71%
CY 16.21%
OCLR 14.30%
TECK 12.28%
Next post by 2 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, March 16, 2017
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2381.38, low 2377.18, high 2388.10
RSI @ 63.75
CMF @ 0.326
Internals were :
UP volume led by .97 to 1 in NYSE & 1.68 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 148 in Nasdaq
VIX Down 3.61% @ 11.21
Oil @ $48.75
Gold @ $1227.10
Stocks which were UP 1% or more included BIDU OCLR TECK
VRX NVDA TWTR UA JKS CSIQ SPWR LEN TSLA SINA
DNKN FEYE WB LNG BABA WYNN ORCL MS CRUS
KBH OPK LRCX.....
AH ER...ADBE UP 4.00%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE tried to follow thru @ open, but it went lower on profit taking. Internals of the market were mostly positive. It is OK to take a rest before moving higher. Chinese stocks did well today. Stay in this market in overweight mode in a well diversified portfolio.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2381.38, low 2377.18, high 2388.10
RSI @ 63.75
CMF @ 0.326
Internals were :
UP volume led by .97 to 1 in NYSE & 1.68 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 148 in Nasdaq
VIX Down 3.61% @ 11.21
Oil @ $48.75
Gold @ $1227.10
Stocks which were UP 1% or more included BIDU OCLR TECK
VRX NVDA TWTR UA JKS CSIQ SPWR LEN TSLA SINA
DNKN FEYE WB LNG BABA WYNN ORCL MS CRUS
KBH OPK LRCX.....
AH ER...ADBE UP 4.00%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE tried to follow thru @ open, but it went lower on profit taking. Internals of the market were mostly positive. It is OK to take a rest before moving higher. Chinese stocks did well today. Stay in this market in overweight mode in a well diversified portfolio.
BLOG does NOT give buy or sell.
Saleem
Indices down .10% to .21%.....
Indices are lower after a nice run yesterday, oil is slightly lower.
S&P 500 @ 2380.51, low 2377.61, high 2388.10
Internals are positive
Oil Down 13 cents
Gold UP $28.50
Canadian $ Down 19 tick @ .6679
VIX Down 2.41% @ 11.35
In my portfolio :
Added 20% AMD @ $13.74
Also added 30% AMD @ $14.01 yesterday before close.
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are higher
@ 1.24 following are red :
AMD CY AKS MU PI OLED NTES SWKS QRVO CIEN
AMZN ABX GG MSFT NFLX CHK RIG FSLR SNAP
AGU COH SLW AEM NKE X CNX .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2380.51, low 2377.61, high 2388.10
Internals are positive
Oil Down 13 cents
Gold UP $28.50
Canadian $ Down 19 tick @ .6679
VIX Down 2.41% @ 11.35
In my portfolio :
Added 20% AMD @ $13.74
Also added 30% AMD @ $14.01 yesterday before close.
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are higher
@ 1.24 following are red :
AMD CY AKS MU PI OLED NTES SWKS QRVO CIEN
AMZN ABX GG MSFT NFLX CHK RIG FSLR SNAP
AGU COH SLW AEM NKE X CNX .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 15, 2017
Indices closed UP .54% to .84%....NICE !!!!
Indices closed UP.
S&P 500 @ 2385.26, high 2390.01, low 2368.94
RSI @ 66.16
CMF @ 0.374
Internals were :
UP volume led by 5.63 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 6.52 to 1 in NYSE & 2.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 130 in NYSE & 120 in Nasdaq
VIX Down 5.45% @ 11.63
Oil @ $48.86
Gold @ $1200.60
Stocks which were UP 1% or more included CNQ CY OCLR TECK
AKS MU PI OLED GG ABX SLW AEM KGC QRVO VRX FNSR
CIEN CHK FCX UA AAPL MA JKS CSIQ FSLR SPWR COH
LEN NFLX EXPE SU TK RIG LNG FEYE WB YELP AGU
TRIP MLNX SWIR MGA CRUS KORS KBH AAL X CNX
LRCX.....
AH ER...ORCL UP 5.92%, JBL Down 1.78%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong based on "as expected " Fed policy statement and decision. Gold stocks were the biggest beneficiary and financials were negatively impacted. Should see new all time highs in most indices by end of week. Keep an eye on strategic buying and selling to optimize profit.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2385.26, high 2390.01, low 2368.94
RSI @ 66.16
CMF @ 0.374
Internals were :
UP volume led by 5.63 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 6.52 to 1 in NYSE & 2.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 130 in NYSE & 120 in Nasdaq
VIX Down 5.45% @ 11.63
Oil @ $48.86
Gold @ $1200.60
Stocks which were UP 1% or more included CNQ CY OCLR TECK
AKS MU PI OLED GG ABX SLW AEM KGC QRVO VRX FNSR
CIEN CHK FCX UA AAPL MA JKS CSIQ FSLR SPWR COH
LEN NFLX EXPE SU TK RIG LNG FEYE WB YELP AGU
TRIP MLNX SWIR MGA CRUS KORS KBH AAL X CNX
LRCX.....
AH ER...ORCL UP 5.92%, JBL Down 1.78%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong based on "as expected " Fed policy statement and decision. Gold stocks were the biggest beneficiary and financials were negatively impacted. Should see new all time highs in most indices by end of week. Keep an eye on strategic buying and selling to optimize profit.
BLOG does NOT give buy or sell.
Saleem
Indices UP .44% to .70%...NICE !!!!
Indices are near high of the day on Fed hike of .25% interest rate, oil is higher on inventory number which were lower than expected. Nasdaq @ new all time high.
S&P 500 @ 2381.29, high 2383.39, low 2368.94
Internals are positive by as much as 3 to 1
Oil UP 98 cents
Gold UP $8.80
Canadian $ UP 1.08 @ .6630
VIX Down 6.67% @11.48
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are higher
@ 2.32 following are red :
AMD BIDU NTES BAC C AMZN CMG TWTR LULU
TSLA YHOO SINA EBAY YUM PCLN BABA
YELP SNAP CTRP WYNN CSOD MS M....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2381.29, high 2383.39, low 2368.94
Internals are positive by as much as 3 to 1
Oil UP 98 cents
Gold UP $8.80
Canadian $ UP 1.08 @ .6630
VIX Down 6.67% @11.48
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are higher
@ 2.32 following are red :
AMD BIDU NTES BAC C AMZN CMG TWTR LULU
TSLA YHOO SINA EBAY YUM PCLN BABA
YELP SNAP CTRP WYNN CSOD MS M....
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 14, 2017
Indices closed down .21% to .34%.....
Indices closed down.
S&P 500 @ 2365.45, low 2358.18, high 2368.55
RSI @ 58.77
CMF @ 0.398
Internals were :
Down volume led by 2.73 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.99 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 19 in NYSE & 1 in Nasdaq
VIX UP 8.37% @ 12.30
Oil @ 47.72
Gold @ $1202.60
AH ER...RUBY Down 15.49%, NPTN Down 12.00%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under minor selling and closed near top end of the range. Fed is all set to raise interest rates by .25%, whole world is aware of this. Expect usual zig zag dance then close in the positive. TAPE wants to move higher and was held up in this rate jitters. Buying on any dip has worked and will not be any different on Wednesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2365.45, low 2358.18, high 2368.55
RSI @ 58.77
CMF @ 0.398
Internals were :
Down volume led by 2.73 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.99 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 19 in NYSE & 1 in Nasdaq
VIX UP 8.37% @ 12.30
Oil @ 47.72
Gold @ $1202.60
AH ER...RUBY Down 15.49%, NPTN Down 12.00%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under minor selling and closed near top end of the range. Fed is all set to raise interest rates by .25%, whole world is aware of this. Expect usual zig zag dance then close in the positive. TAPE wants to move higher and was held up in this rate jitters. Buying on any dip has worked and will not be any different on Wednesday.
BLOG does NOT give buy or sell.
Saleem
Indices down .21% to .40%.....
Indices are down on lower oil, higher US$.
S&P 500 @ 2363.96, low 2358.18, high 2368.55
Internals are negative by minimum 2 to 1
Oil Down $1.72
Gold UP $1.79
Canadian $ Down 37 TICK @ .6511
VIX UP 8.55% @ 12.32
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are down
@ 1.39 PM following are green :
CTRP WYNN LVS SWIR MGA ORCL MCD CRUS
QRVO KORS NKE TSLA KBH OPK TWTR JKS..
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2363.96, low 2358.18, high 2368.55
Internals are negative by minimum 2 to 1
Oil Down $1.72
Gold UP $1.79
Canadian $ Down 37 TICK @ .6511
VIX UP 8.55% @ 12.32
Portfolio AMD BIDU CNQ CY OCLR TECK
Most stocks are down
@ 1.39 PM following are green :
CTRP WYNN LVS SWIR MGA ORCL MCD CRUS
QRVO KORS NKE TSLA KBH OPK TWTR JKS..
BLOG does NOT give buy or sell.
Saleem
Monday, March 13, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2373.47, high 2374.42, low 2368.52
RSI @ 64.03
CMF @ 0.395
Internals were :
UP volume led by 1.43 to 1 in NYSE & 1.45 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.68 to 1 in Nasdaq
Net new 52 wk highs were leading by 28 in NYSE & 85 in Nasdaq
VIX Down 2.66% @ 11.35
Oil @ $48.40
Gold @ $1203.10
Stocks which were UP 1% or more included AMD CY TECK
AKS PI CHK NVDA FCX LVS JKS NFLX TSLA CSIQ
JKS FSLR SINA EXPE RIG FEYE WB BABA MU
CTRP WYNN MLNX MGA X LRCX CNX......
AH News...VRX Down 9.74%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was firm on close as S&P 500 and Nasdaq closed green. Internals improved and were positive all over. Indices closed near high of the day, which is a very positive sign.Some unknown guru is getting coverage for missed prediction of 30% pullback in Dow, his effective date of March 13th came and went, but they always have fallback date which is now May 11th, so we are allowed 59 calendar days to breathe easy. We are on firm ground and ready to scale new height.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2373.47, high 2374.42, low 2368.52
RSI @ 64.03
CMF @ 0.395
Internals were :
UP volume led by 1.43 to 1 in NYSE & 1.45 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.68 to 1 in Nasdaq
Net new 52 wk highs were leading by 28 in NYSE & 85 in Nasdaq
VIX Down 2.66% @ 11.35
Oil @ $48.40
Gold @ $1203.10
Stocks which were UP 1% or more included AMD CY TECK
AKS PI CHK NVDA FCX LVS JKS NFLX TSLA CSIQ
JKS FSLR SINA EXPE RIG FEYE WB BABA MU
CTRP WYNN MLNX MGA X LRCX CNX......
AH News...VRX Down 9.74%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was firm on close as S&P 500 and Nasdaq closed green. Internals improved and were positive all over. Indices closed near high of the day, which is a very positive sign.Some unknown guru is getting coverage for missed prediction of 30% pullback in Dow, his effective date of March 13th came and went, but they always have fallback date which is now May 11th, so we are allowed 59 calendar days to breathe easy. We are on firm ground and ready to scale new height.
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)