Indices closed down
S&P 500 @ 2411.80, low 2403.59, high 2415.99
RSI @ 60.74
CMF @ 0.364
Internals were :
Down volume led by 1.36 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by .99 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 39 in Nasdaq
Oil @ $48.32
Gold @ $1275.40
AH ER....PANW UP 11.69%. DAKT UP 5.64%
HPE Down 2.34%, SYNA Down 2.87%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was negative right after open on lower oil, Fed minutes pointing to slower auto sales and labor tightening, potential reason for June hike in interest rates. TSLA has been outperforming lately. Internals were mostly negative.This TAPE is extremely narrow and only select stocks are making new all time highs. Nasdaq made a new intraday all time high right @ open.
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 31, 2017
Indices down .30% to .46%.....
Indices are down on lower oil and weak earning report from KORS. Indices are near low of the day. Fed is reporting slowing auto sales and tightening of labor.
S&P 500 @ 2406.36, low 2403.59, high 2415.99.
Internals are negative by 2 to 1
Oil Down $1.34
Gold UP $8.90
Canadian $ Down 60 tick @ .6482
VIX UP 6.84% @ 11.09
Portfolio BABA FB MOMO OCLR SWIR OLED WB
Most stocks are down
@ 2.10 PM following are green :
MOMO OCLR TSLA IAG KGC CY AMD V ABX MA
PCLN TK YELP WYNN MCD AEM NKE CMG X
AAL PANW.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2406.36, low 2403.59, high 2415.99.
Internals are negative by 2 to 1
Oil Down $1.34
Gold UP $8.90
Canadian $ Down 60 tick @ .6482
VIX UP 6.84% @ 11.09
Portfolio BABA FB MOMO OCLR SWIR OLED WB
Most stocks are down
@ 2.10 PM following are green :
MOMO OCLR TSLA IAG KGC CY AMD V ABX MA
PCLN TK YELP WYNN MCD AEM NKE CMG X
AAL PANW.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 30, 2017
Indices closed down .11% to .24%....
Indices closed down.
S&P 500 @ 2412.91, low 2409.43, high 2415.26
RSI @ 61.40
CMF @ 0.375
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 68 in NYSE & 38 in Nasdaq
VIX UP 5.81% @ 10.38
Oil @ $49.66
Gold @ $1265.70
AH news : ABEV UP 6.29%, SNCR Down 4.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was negative whole day and closed lower, oil was down and economic news in US was weaker than expected. FANG related stocks were strong and made new all time highs, AMZN touched $1000. Negative days are good for repositioning portfolio, many Chinese stocks are testing support.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2412.91, low 2409.43, high 2415.26
RSI @ 61.40
CMF @ 0.375
Internals were :
Down volume led by 1.79 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new 52 wk highs were leading by 68 in NYSE & 38 in Nasdaq
VIX UP 5.81% @ 10.38
Oil @ $49.66
Gold @ $1265.70
AH news : ABEV UP 6.29%, SNCR Down 4.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was negative whole day and closed lower, oil was down and economic news in US was weaker than expected. FANG related stocks were strong and made new all time highs, AMZN touched $1000. Negative days are good for repositioning portfolio, many Chinese stocks are testing support.
BLOG does NOT give buy or sell.
Saleem
Indices down .08% to .20%......
Indices are down on lower oil, Indices are off their lows and near high of the day.
S&P 500 @ 2413.84, low 2409.43, high 2415.26
Internals are negative with declining stocks leading
by 2 to 1
Oil Down 13 cents
Gold Down $6.10
Canadian $ UP 4 tick @ .6552
VIX UP 4.38% @ 10.24
In my portfolio....
Sold CNQ @ $28.97
Bought MOMO @ $37.20
Portfolio BABA FB MOMO OCLR SWIR OLED WB
Most stocks are down
@ 2.20 following are green :
FB SWIR TSLA TWTR AMD GOOG AMZN NVDA
MU LVS KGC CSIQ FSLR SPWR X LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2413.84, low 2409.43, high 2415.26
Internals are negative with declining stocks leading
by 2 to 1
Oil Down 13 cents
Gold Down $6.10
Canadian $ UP 4 tick @ .6552
VIX UP 4.38% @ 10.24
In my portfolio....
Sold CNQ @ $28.97
Bought MOMO @ $37.20
Portfolio BABA FB MOMO OCLR SWIR OLED WB
Most stocks are down
@ 2.20 following are green :
FB SWIR TSLA TWTR AMD GOOG AMZN NVDA
MU LVS KGC CSIQ FSLR SPWR X LRCX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, May 28, 2017
US stock markets continues its uptrend......
US stock market continues its uptrend, here is a sector analysis based on RSI :
Nasdaq 67.88
SOX 66.41
S&P 500 63.05
Dow 60.85
Russell 49.79
XLE 39.43
It is clear from RSI numbers that Nasdaq, S&P 500 and SOX all made new all time highs last week, Dow has been a laggard and is 120 points away from making new all time high.
Russell is 44 points away
XLE is among the weakest.
Energy stocks has been lagging this TAPE badly, as we approach driving season which already started with memorial day long weekend, may give pulse to oil prices.
Russell which represents small caps has been a surprising laggard, generally in a bull TAPE, small caps normally leads the market.
Nasdaq & SOX is proving week after week that big caps are the place to be, they are all hitting new all time highs.
Coming week, there is a very good chance that DOW will make new all time high.
In hindsight, this was the easiest bull market, IF you had exposure in FANG, but most of us ignore that reality even now.......
CMF is strongest in Nasdaq @ 0.495, followed by S&P 500 @ .352 and DOW is lagging @ .246, this shows where money flow is going......
It is important to review exposure and weighting as we go along, weighting has been a real issue with most of us, heavier in under performing stocks and sometimes little or no exposure in strongest stocks.
It is never too late to adjust to new reality, this bull market is going to last a long time, there has been secular shift in to FANG type stocks.
World market including Canada is open on Monday.
Good luck with your strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Nasdaq 67.88
SOX 66.41
S&P 500 63.05
Dow 60.85
Russell 49.79
XLE 39.43
It is clear from RSI numbers that Nasdaq, S&P 500 and SOX all made new all time highs last week, Dow has been a laggard and is 120 points away from making new all time high.
Russell is 44 points away
XLE is among the weakest.
Energy stocks has been lagging this TAPE badly, as we approach driving season which already started with memorial day long weekend, may give pulse to oil prices.
Russell which represents small caps has been a surprising laggard, generally in a bull TAPE, small caps normally leads the market.
Nasdaq & SOX is proving week after week that big caps are the place to be, they are all hitting new all time highs.
Coming week, there is a very good chance that DOW will make new all time high.
In hindsight, this was the easiest bull market, IF you had exposure in FANG, but most of us ignore that reality even now.......
CMF is strongest in Nasdaq @ 0.495, followed by S&P 500 @ .352 and DOW is lagging @ .246, this shows where money flow is going......
It is important to review exposure and weighting as we go along, weighting has been a real issue with most of us, heavier in under performing stocks and sometimes little or no exposure in strongest stocks.
It is never too late to adjust to new reality, this bull market is going to last a long time, there has been secular shift in to FANG type stocks.
World market including Canada is open on Monday.
Good luck with your strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, May 26, 2017
Indices closed mixed.....
Indices closed mixed, on US economic data, GDP came in better @ 1.2% for Q1. Oil staged an oversold bounce. Indices closed near high of the day.
S&P 500 @ 2415.82, high 2416.68, low 2412.20
RSI @ 63.05
CMF @ 0.342
Internals were :
UP volume led by .92 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.13 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 72 in Nasdaq
VIX Down 1.80% @ 9.81
Oil @ $49.80
Gold @ $1268.10
Canadian $ @ .6546
Stocks which were UP 1% or more included OCLR
MOMO TWTR TSLA FNSR NVDA MU GG ABX
AEM SINA SU CHK TK CIEN WYNN ULTA
AAL .....
Here is my portfolio weighting :
OCLR 24.08%
FB 22.13%
CNQ 20.39%
OLED 11.95%
WB 11.29%
BABA 5.16%
SWIR 5.00%
Next post by 2 PM on Sunday
Enjoy your long weekend!
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2415.82, high 2416.68, low 2412.20
RSI @ 63.05
CMF @ 0.342
Internals were :
UP volume led by .92 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.13 to 1 in NYSE & .89 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 72 in Nasdaq
VIX Down 1.80% @ 9.81
Oil @ $49.80
Gold @ $1268.10
Canadian $ @ .6546
Stocks which were UP 1% or more included OCLR
MOMO TWTR TSLA FNSR NVDA MU GG ABX
AEM SINA SU CHK TK CIEN WYNN ULTA
AAL .....
Here is my portfolio weighting :
OCLR 24.08%
FB 22.13%
CNQ 20.39%
OLED 11.95%
WB 11.29%
BABA 5.16%
SWIR 5.00%
Next post by 2 PM on Sunday
Enjoy your long weekend!
BLOG does NOT give buy or sell.
Saleem
Thursday, May 25, 2017
Indices closed UP .34% to .69%....NICE !!!!
Indices closed UP.
S&P 500 @ 2415.07, high 2418.71, low 2408.01
RSI @ 62.81
CMF @ 0.286
Internals were :
UP volume led by .76 to 1 in NYSE & 1.86 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 202 in NYSE & 156 in Nasdaq
VIX Down .30% @ 9.99
Oil @ $48.90
Gold @ $1256.40
Stocks which were UP 1% or more included FB WB
CTRP NTES TSLA GOOG AMZN MU NFLX CY
SBUX MA JKS MSFT CSIQ DNKN EXPE EBAY
YELP DATA SNAP SPLK ULTA AAL LRCX....
AH ER :
COST UP 1.88%
ULTA UP 3.91%
SPLK Down 5.59%
GME Down 6.44%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed near high of the day, S&P 500 and Nasdaq closed @ new all time high. All leading technology stocks were strong and made new high list. Chinese Internet stocks moved UP. Internals were mostly positive. GDP report due @ 8 30 AM. Friday there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2415.07, high 2418.71, low 2408.01
RSI @ 62.81
CMF @ 0.286
Internals were :
UP volume led by .76 to 1 in NYSE & 1.86 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 202 in NYSE & 156 in Nasdaq
VIX Down .30% @ 9.99
Oil @ $48.90
Gold @ $1256.40
Stocks which were UP 1% or more included FB WB
CTRP NTES TSLA GOOG AMZN MU NFLX CY
SBUX MA JKS MSFT CSIQ DNKN EXPE EBAY
YELP DATA SNAP SPLK ULTA AAL LRCX....
AH ER :
COST UP 1.88%
ULTA UP 3.91%
SPLK Down 5.59%
GME Down 6.44%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed near high of the day, S&P 500 and Nasdaq closed @ new all time high. All leading technology stocks were strong and made new high list. Chinese Internet stocks moved UP. Internals were mostly positive. GDP report due @ 8 30 AM. Friday there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .36% to .78%....NICE !!!!
Indices are higher despite oil being sharply lower. S&P 500 & Nasdaq made a new all time high right after open. Indices are near high of the day.
S&P 500 @ 2415.60, high 2417.58, low 2408.08
Internals are mostly positive.
Oil Down $2.18
Gold UP $1.90
Canadian $ Down 65 tick @ .6528
VIX Down .60% @ 9.96
Portfolio BABA CNQ FB OCLR SWIR OLED WB
Most stocks are higher
@ 2.13 following are red :
CNQ OCLR MOMO FNSR NVDA VRX BAC FCX
UA ABX KGC LEN SU CHK TK RIG LNG FEYE
FSLR CIEN WYNN GS AGU TRIP KORS GG
X PANW CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2415.60, high 2417.58, low 2408.08
Internals are mostly positive.
Oil Down $2.18
Gold UP $1.90
Canadian $ Down 65 tick @ .6528
VIX Down .60% @ 9.96
Portfolio BABA CNQ FB OCLR SWIR OLED WB
Most stocks are higher
@ 2.13 following are red :
CNQ OCLR MOMO FNSR NVDA VRX BAC FCX
UA ABX KGC LEN SU CHK TK RIG LNG FEYE
FSLR CIEN WYNN GS AGU TRIP KORS GG
X PANW CNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 24, 2017
Indices closed UP .25% to .40%....NICE !!!!
Indices closed UP.
S&P 500 @ 2404.39, high 2405.58, low 2397.99
RSI @ 59.32
CMF @ 0.285
Internals were :
UP volume led by 1.07 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 65 in Nasdaq
VIX Down 6.53% @ 10.02
Oil @ $51.36
Gold @ $1253.10
Stocks which were UP 1% or more included FB
IAG KGC GG ABX AEM TSLA NVDA MU
CY V SBUX DNKN YUM PCLN LNG GS
FSLR SPWR DATA SNAP MCD ....
AH ER...HPQ UP 3.05%, PVH UP 3.64%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong and closed near high of the day, S&P 500 closed @ new all time high. Internals were positive. Fed statement pointing to dealing with its balance sheet. By the time US market opens, we will have OPEC policy statement on production cuts and how long that will be. Higher oil is good for market bull run.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2404.39, high 2405.58, low 2397.99
RSI @ 59.32
CMF @ 0.285
Internals were :
UP volume led by 1.07 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 65 in Nasdaq
VIX Down 6.53% @ 10.02
Oil @ $51.36
Gold @ $1253.10
Stocks which were UP 1% or more included FB
IAG KGC GG ABX AEM TSLA NVDA MU
CY V SBUX DNKN YUM PCLN LNG GS
FSLR SPWR DATA SNAP MCD ....
AH ER...HPQ UP 3.05%, PVH UP 3.64%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong and closed near high of the day, S&P 500 closed @ new all time high. Internals were positive. Fed statement pointing to dealing with its balance sheet. By the time US market opens, we will have OPEC policy statement on production cuts and how long that will be. Higher oil is good for market bull run.
BLOG does NOT give buy or sell.
Saleem
Indices UP .18% to .25%....NICE !!!!
Indices are higher on renewed buying, fed minute restated their desire to wind down $4.5 trillion balance sheet. Indices are near high of the day.
S&P 500 @ 2401.68, high 2403.42, low 2397.99
Internals are positive
Oil Down 14 cents
Gold UP 10 cents
Canadian $ UP 86 tick @ .6573
VIX Down 5.88% @ 10.09
Portfolio BABA CNQ FB OCLR OLED SWIR WB
Most stocks are UP
@ 3.07 following are red :
CNQ OCLR OLED WB MOMO TWTR AMD BIDU
NTES FNSR SWKS QRVO AAPL NFLX VRX BAC
TECK JKS CHK TK RIG FEYE YELP CIEN AGU
WYNN TRIP SU KORS NKE OPK PANW LRCX..
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2401.68, high 2403.42, low 2397.99
Internals are positive
Oil Down 14 cents
Gold UP 10 cents
Canadian $ UP 86 tick @ .6573
VIX Down 5.88% @ 10.09
Portfolio BABA CNQ FB OCLR OLED SWIR WB
Most stocks are UP
@ 3.07 following are red :
CNQ OCLR OLED WB MOMO TWTR AMD BIDU
NTES FNSR SWKS QRVO AAPL NFLX VRX BAC
TECK JKS CHK TK RIG FEYE YELP CIEN AGU
WYNN TRIP SU KORS NKE OPK PANW LRCX..
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 23, 2017
Indices closed UP ,08% to .21%...NICE !!!!
Indices closed UP.
S&P 500 @ 2398.42, high 2400.85, low 2393.88
RSI @ 57.23
CMF @ 0.205
Internals were :
UP volume led by 1.47 to 1 in NYSE & .94 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 69 in Nasdaq
VIX Down 1.92% @ 10.72
Oil @ $51.47
Gold @ $1255.50
AH ER....INTU UP 9.11%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing UP. Indices closed near high of the day. Internals were mostly positive. Fed minutes will be released around 2 PM, a non event. Thursday will be all about speculation on OPEC cuts and schedule, it is how long those cuts will go on is critical. Many leading stocks pulled back on profit taking.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2398.42, high 2400.85, low 2393.88
RSI @ 57.23
CMF @ 0.205
Internals were :
UP volume led by 1.47 to 1 in NYSE & .94 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 121 in NYSE & 69 in Nasdaq
VIX Down 1.92% @ 10.72
Oil @ $51.47
Gold @ $1255.50
AH ER....INTU UP 9.11%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE showed its resiliency by closing UP. Indices closed near high of the day. Internals were mostly positive. Fed minutes will be released around 2 PM, a non event. Thursday will be all about speculation on OPEC cuts and schedule, it is how long those cuts will go on is critical. Many leading stocks pulled back on profit taking.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed on budget leak, lower housing data and terror in England.
S&P 500 @ 2397.93, high 2400.85, low 2393.88
Internals are mixed NYSE positive and Nasdaq negative
Oil UP 13 cents
Gold Down $8.40
Canadian $ Down 3 tick @ .6496
VIX Down .64% @ 10.86
Portfolio BABA CNQ FB OCLR OLED SWIR WB
Most stocks are down
@ 1.13 PM following are green :
GOOG SWKS BAC FCX UA V MA JKS CSIQ
MSFT COH DNKN EBAY YUM RIG FEYE
FSLR SPWR GS AGU MS SHOP KORS
NKE OPK AAL X PANW CNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2397.93, high 2400.85, low 2393.88
Internals are mixed NYSE positive and Nasdaq negative
Oil UP 13 cents
Gold Down $8.40
Canadian $ Down 3 tick @ .6496
VIX Down .64% @ 10.86
Portfolio BABA CNQ FB OCLR OLED SWIR WB
Most stocks are down
@ 1.13 PM following are green :
GOOG SWKS BAC FCX UA V MA JKS CSIQ
MSFT COH DNKN EBAY YUM RIG FEYE
FSLR SPWR GS AGU MS SHOP KORS
NKE OPK AAL X PANW CNX....
BLOG does NOT give buy or sell.
Saleem
Monday, May 22, 2017
Indices closed UP .43% to .82%....NICE !!!!
Indices closed UP.
S&P 500 @ 2394.02, high 2395.46, low 2386.92
RSI @ 55.67
CMF @ 0.207
Internals were :
UP volume led by 1.57 to 1 in NYSE & 2.45 to 1 in Nasdaq
Advancing stocks led by 2.15 to 1 in NYSE & 1.95 to 1 in Nasdaq
Net new 52 wk highs were leading by 127 in NYSE & 88 in Nasdaq
VIX Down 9.22% @ 10.93
Oil @ $51.13
Gold @ $1261.40
Stocks which were UP 1% or more BABA OCLR OLED WB
BIDU NTES FNSR AMZN SWKS QRVO NVDA GG ABX
TECK LVS MA JKS SPWR MSFT SINA YUM FFIV TK
PCLN FEYE YELP CIEN WYNN AAL M......
AH ER...TTWO Down 8.17%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, Indices closed near high of the day, internals were strong. Most sectors participated in today's rally. Buyers are coming to the market on any dip and oil being above $51 is giving confidence to this rally. OPEC meets Thursday and expectations are they will extend their quotas longer than usual 6 months. Ariana Grande concert was subjected to terrorist attack in Manchester, England, where casualties are 20 dead and many injured, this may put a damper to open in New York.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2394.02, high 2395.46, low 2386.92
RSI @ 55.67
CMF @ 0.207
Internals were :
UP volume led by 1.57 to 1 in NYSE & 2.45 to 1 in Nasdaq
Advancing stocks led by 2.15 to 1 in NYSE & 1.95 to 1 in Nasdaq
Net new 52 wk highs were leading by 127 in NYSE & 88 in Nasdaq
VIX Down 9.22% @ 10.93
Oil @ $51.13
Gold @ $1261.40
Stocks which were UP 1% or more BABA OCLR OLED WB
BIDU NTES FNSR AMZN SWKS QRVO NVDA GG ABX
TECK LVS MA JKS SPWR MSFT SINA YUM FFIV TK
PCLN FEYE YELP CIEN WYNN AAL M......
AH ER...TTWO Down 8.17%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, Indices closed near high of the day, internals were strong. Most sectors participated in today's rally. Buyers are coming to the market on any dip and oil being above $51 is giving confidence to this rally. OPEC meets Thursday and expectations are they will extend their quotas longer than usual 6 months. Ariana Grande concert was subjected to terrorist attack in Manchester, England, where casualties are 20 dead and many injured, this may put a damper to open in New York.
BLOG does NOT give buy or sell.
Saleem
Indices UP .43% to .66%....NICE !!!!
Indices are higher on renewed buying and higher oil, Saudi arms deal is also positive for market, helping defense stocks.Indices are near high of the day.
S&P 500 @ 2392.70, high 2394.61, low 2386.92
Internals are positive by 2 to 1
Oil UP 41 cents
Gold UP $7.40
Canadian $ UP 10 tick @ .6498
VIX Down 6.81% @ 11.22
In my portfolio ...Bought SWIR @ $26.85
Portfolio BABA CNQ FB OCLR OLED SWIR WB
Most stocks are UP
@ 2.25 following are red :
SWIR CTRP AMD TWTR TSLA MU NFLX CY
BAC FCX DNKN VRX CHK LNG FSLR MS
AGU MCD NKE KBH OPK CMG X.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2392.70, high 2394.61, low 2386.92
Internals are positive by 2 to 1
Oil UP 41 cents
Gold UP $7.40
Canadian $ UP 10 tick @ .6498
VIX Down 6.81% @ 11.22
In my portfolio ...Bought SWIR @ $26.85
Portfolio BABA CNQ FB OCLR OLED SWIR WB
Most stocks are UP
@ 2.25 following are red :
SWIR CTRP AMD TWTR TSLA MU NFLX CY
BAC FCX DNKN VRX CHK LNG FSLR MS
AGU MCD NKE KBH OPK CMG X.....
BLOG does NOT give buy or sell.
Saleem
Sunday, May 21, 2017
US politics impacting markets......
In the last six months we are subjected to many tweets which is impacting world markets. I do not expect this is going to change anytime soon. With senate hearing coming up, it may impact markets.
Politics and investing do collide but not for long, in current "tweet laden format" it is taking a major toll.
So the watchword here is keep monitoring " alternative facts"...it may become larger than life pretty soon.
Wall Street has no history of dealing with ongoing tweets, fake news and alternative facts, it is throwing a monkeys wrench in everybody's investment / trading.
I am not sure, when we will get back to normal investing environment.
Having said all that, strong stocks are getting stronger, it may be the best place to hide.
FANG and SOX are running away in the right direction.....
Retail has been slaughtered and there is no end in sight to their troubles, Internet based stocks and Amazon types are in the right place with low cost.
Commodities are having no luck in slower GDP growth.
Chinese stocks are coming back strong and could be a good place to park money, Chinese GDP hitting 6.9% growth is the best in the world now.
There could be more turmoil on NAFTA re-negotiation between US, Canada and Mexico, it may go in uncharted territory.....
US$ UP and Down moves are another unsettling issue, it moves affects multinationals in a big way.
All major indices are above 50 & 200 DMA, which is quite encouraging.
SO...US politics, US$ are major issues to monitor.
Good luck with your own interpretations and comfort level.
BLOG does NOT give buy or sell.
Saleem
Politics and investing do collide but not for long, in current "tweet laden format" it is taking a major toll.
So the watchword here is keep monitoring " alternative facts"...it may become larger than life pretty soon.
Wall Street has no history of dealing with ongoing tweets, fake news and alternative facts, it is throwing a monkeys wrench in everybody's investment / trading.
I am not sure, when we will get back to normal investing environment.
Having said all that, strong stocks are getting stronger, it may be the best place to hide.
FANG and SOX are running away in the right direction.....
Retail has been slaughtered and there is no end in sight to their troubles, Internet based stocks and Amazon types are in the right place with low cost.
Commodities are having no luck in slower GDP growth.
Chinese stocks are coming back strong and could be a good place to park money, Chinese GDP hitting 6.9% growth is the best in the world now.
There could be more turmoil on NAFTA re-negotiation between US, Canada and Mexico, it may go in uncharted territory.....
US$ UP and Down moves are another unsettling issue, it moves affects multinationals in a big way.
All major indices are above 50 & 200 DMA, which is quite encouraging.
SO...US politics, US$ are major issues to monitor.
Good luck with your own interpretations and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, May 19, 2017
Indices closed UP .47% to .69%....NICE !!!!
Indices closed UP on strong buying and higher oil.
S&P 500 @ 2381.73, high 2389.06, low 2370.43
RSI @ 51.05
CMF @ 0.190
Internals were :
UP volume led by 5.85 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 3.12 to 1 in NYSE & 1.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 61 in NYSE & 45 in Nasdaq
VIX Down 17.87% @ 12.04
Oil @ $50.33
Gold @ $1253.60
Canadian $ .6461
Stocks which were UP 1% or more included BABA CNQ OCLR
CTRP SWIR AMD OTEX IAG BIDU NTES FNSR MA JKS
COH LEN CSIQ SU YUM CHK LNG FSLR SPWR CIEN
AGU MLNX DATA MGA MS CRUS KORS KBH AAL
X M PANW LRCX CNX.....
Here is my portfolio weighting :
OCLR 24.36%
FB 22.86%
CNQ 22.62%
OLED 12.63%
WB 12.09%
BABA 5.44%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2381.73, high 2389.06, low 2370.43
RSI @ 51.05
CMF @ 0.190
Internals were :
UP volume led by 5.85 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 3.12 to 1 in NYSE & 1.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 61 in NYSE & 45 in Nasdaq
VIX Down 17.87% @ 12.04
Oil @ $50.33
Gold @ $1253.60
Canadian $ .6461
Stocks which were UP 1% or more included BABA CNQ OCLR
CTRP SWIR AMD OTEX IAG BIDU NTES FNSR MA JKS
COH LEN CSIQ SU YUM CHK LNG FSLR SPWR CIEN
AGU MLNX DATA MGA MS CRUS KORS KBH AAL
X M PANW LRCX CNX.....
Here is my portfolio weighting :
OCLR 24.36%
FB 22.86%
CNQ 22.62%
OLED 12.63%
WB 12.09%
BABA 5.44%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, May 18, 2017
Indices closed UP .27% to .73%....NICE !!!!
Indices closed UP.
S&P 500 @ 2365.72, high 2375.74, low 2352.72
RSI @ 43.99
CMF @ 0.167
Internals were :
UP volume led by .89 to 1 in NYSE & 1.90 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk lows were leading by 44 in NYSE & 56 in Nasdaq
VIX Down 5.97% @ 14.66
Oil @ $49.35
Gold @ $1252.80
Stocks which were UP 2% or more included CY OLED
TSLA SWKS QRVO NVDA WB CSIQ SINA YELP
SPWR CNX.....
AH ER..CRM UP 1.37%, GPS UP 4.14%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE staged an oversold bounce but internals were weak. We need confirmation of this uptrend by closing green on Friday. Most strong stocks in FANG and SOX did well. By close we lost some of the upside, hopefully we can pick up tomorrow where we left off today. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2365.72, high 2375.74, low 2352.72
RSI @ 43.99
CMF @ 0.167
Internals were :
UP volume led by .89 to 1 in NYSE & 1.90 to 1 in Nasdaq
Advancing stocks led by 1.03 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk lows were leading by 44 in NYSE & 56 in Nasdaq
VIX Down 5.97% @ 14.66
Oil @ $49.35
Gold @ $1252.80
Stocks which were UP 2% or more included CY OLED
TSLA SWKS QRVO NVDA WB CSIQ SINA YELP
SPWR CNX.....
AH ER..CRM UP 1.37%, GPS UP 4.14%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE staged an oversold bounce but internals were weak. We need confirmation of this uptrend by closing green on Friday. Most strong stocks in FANG and SOX did well. By close we lost some of the upside, hopefully we can pick up tomorrow where we left off today. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .53% to .85%....NICE !!!!
Indices are @ its high of the day after digesting news of special counsel. Buyers came back after yesterdays slump. Oil being higher is also helping buying sentiment.
S&P 500 @ 2370.90, high 2373.00, low 2352.72
Internals are positive by 2 to 1 in Nasdaq UP volume.
Oil UP 45 cents
Gold Down $11.50
Canadian $ Down 20 tick @ .6379
VIX Down 4.55% @ 14.88
In my portfolio Bought OLED @ $110.84
Portfolio BABA CNQ CY FB OCLR OLED
BABA reported a beat on Sales and a miss of 2 cents on earnings.
Sales actual $5.61 billion vs expectations of $5.23 billion
EPS actual 63 cents vs expectations of 65 cents
Sales % gains were the highest since IPO
Most stocks are UP
@ 2.25 following are red :
SWIR IAG BIDU KGC FNSR GG FCX UA KORS
ABX SBUX MA FFIV TK FSLR CIEN WYNN
AGU MA AEM OPK M PANW....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2370.90, high 2373.00, low 2352.72
Internals are positive by 2 to 1 in Nasdaq UP volume.
Oil UP 45 cents
Gold Down $11.50
Canadian $ Down 20 tick @ .6379
VIX Down 4.55% @ 14.88
In my portfolio Bought OLED @ $110.84
Portfolio BABA CNQ CY FB OCLR OLED
BABA reported a beat on Sales and a miss of 2 cents on earnings.
Sales actual $5.61 billion vs expectations of $5.23 billion
EPS actual 63 cents vs expectations of 65 cents
Sales % gains were the highest since IPO
Most stocks are UP
@ 2.25 following are red :
SWIR IAG BIDU KGC FNSR GG FCX UA KORS
ABX SBUX MA FFIV TK FSLR CIEN WYNN
AGU MA AEM OPK M PANW....
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 17, 2017
Indices closed down 1.78% to 2.57%.......
Indices closed down.
S&P 500 @ 2357.03, low 2356.21,high 2384.87
RSI @ 39.60
CMF @ 0.183
Internals were :
Down volume led by 4.82 to 1 in NYSE & 8.59 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 5.63 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 60 in Nasdaq
VIX UP 46.38% @ 15.59
Oil @ $49.07
Gold @ $1258.70
AH ER....CSCO Down 7.69%
In my portfolio..Bought BABA @ $120.45 in AH.....they report before open
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE faced relentless selling on US political storm which was developing fast, after hour, ex FBI chief has been appointed Special Counsel to deal with issues. Hopefully, there will be an oversold bounce on Thursday as political issues are dealt with. Indices closed @ low of the day and internals were extremely weak.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2357.03, low 2356.21,high 2384.87
RSI @ 39.60
CMF @ 0.183
Internals were :
Down volume led by 4.82 to 1 in NYSE & 8.59 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 5.63 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 60 in Nasdaq
VIX UP 46.38% @ 15.59
Oil @ $49.07
Gold @ $1258.70
AH ER....CSCO Down 7.69%
In my portfolio..Bought BABA @ $120.45 in AH.....they report before open
AH Futures Mixed
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE faced relentless selling on US political storm which was developing fast, after hour, ex FBI chief has been appointed Special Counsel to deal with issues. Hopefully, there will be an oversold bounce on Thursday as political issues are dealt with. Indices closed @ low of the day and internals were extremely weak.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.51% to 2.12%.....
Indices are @ low of the day on fear of tax policy derailment, leaks are causing immense uncertainty for markets around the world, you never know how far these issues will go.
S&P 500 @ 2364.77, low 2363.45, high 2384.87
Internals are negative by 3 to 1 in NYSE & 5 to 1 in Nasdaq
Oil UP 46 cents
Gold UP $23.10
Canadian $ Down 26 tick @ .6370
VIX UP 31.08% @ 13.96
Portfolio CNQ CY FB OCLR
Most stocks are down
@ 2.35 following are green :
IAG KGC GG ABX COH AEM OPK M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2364.77, low 2363.45, high 2384.87
Internals are negative by 3 to 1 in NYSE & 5 to 1 in Nasdaq
Oil UP 46 cents
Gold UP $23.10
Canadian $ Down 26 tick @ .6370
VIX UP 31.08% @ 13.96
Portfolio CNQ CY FB OCLR
Most stocks are down
@ 2.35 following are green :
IAG KGC GG ABX COH AEM OPK M.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 16, 2017
Indices closed mixed.....
Indices closed mixed.....
S&P 500 @ 2400.67, low 2396.05, high 2405.77
RSI @ 62.42
CMF @ 0.218
Internals were :
Down volume led by 1.41 to 1 in NYSE & .54 to 1 in Nasdaq
Declining stocks led by 1.24 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 129 in NYSE & 153 in Nasdaq
VIX UP 2.21% @ 10.65
Oil @ $48.66
Gold @ $1236.40
Stocks which were UP 2% or more included IAG BABA BIDU
QRVO CTRP WB SINA AMD MSFT CRUS.....
AH ER...JACK UP 11.20%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE followed oil today, opened UP with oil UP and closed Mixed with oil losing its gain.S&P 500 & Nasdaq made new all time high intraday. Chinese internet stocks were strong on good earning from WB & SINA which pushed BIDU, NTES & BABA up also. AMD also continued its recovery on positive speculation. Political revelations in USA is causing anxiety and may take a toll in market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2400.67, low 2396.05, high 2405.77
RSI @ 62.42
CMF @ 0.218
Internals were :
Down volume led by 1.41 to 1 in NYSE & .54 to 1 in Nasdaq
Declining stocks led by 1.24 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 129 in NYSE & 153 in Nasdaq
VIX UP 2.21% @ 10.65
Oil @ $48.66
Gold @ $1236.40
Stocks which were UP 2% or more included IAG BABA BIDU
QRVO CTRP WB SINA AMD MSFT CRUS.....
AH ER...JACK UP 11.20%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE followed oil today, opened UP with oil UP and closed Mixed with oil losing its gain.S&P 500 & Nasdaq made new all time high intraday. Chinese internet stocks were strong on good earning from WB & SINA which pushed BIDU, NTES & BABA up also. AMD also continued its recovery on positive speculation. Political revelations in USA is causing anxiety and may take a toll in market.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after higher open, as oil turned slightly lower. S&P 500 and Nasdaq made another intraday all time high.
S&P 500 @ 2398.88, low 2396.05, high 2405.77
Internals are mostly negative
Oil Down 22 cents
Gold UP $8.50
Canadian $ UP 51 tick @ .6421
VIX UP 1.06% @ 10.53
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.40 following are red :
CNQ FB SWIR AAPL NFLX VRX BAC UA LVS
V LULU SBUX JKS COH CSIQ FFIV CHK TK
RIG FEYE YELP FSLR SPWR AGU TRIP
MLNX DATA MGA ORCL KORS NKE
OPK M PANW....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2398.88, low 2396.05, high 2405.77
Internals are mostly negative
Oil Down 22 cents
Gold UP $8.50
Canadian $ UP 51 tick @ .6421
VIX UP 1.06% @ 10.53
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.40 following are red :
CNQ FB SWIR AAPL NFLX VRX BAC UA LVS
V LULU SBUX JKS COH CSIQ FFIV CHK TK
RIG FEYE YELP FSLR SPWR AGU TRIP
MLNX DATA MGA ORCL KORS NKE
OPK M PANW....
BLOG does NOT give buy or sell.
Saleem
Monday, May 15, 2017
Indices closed UP .41% to .46%....NICE !!!!
Indices closed UP.
S&P 500 @ 2402.32, high 2404.05, low 2393.94
RSI @ 63.71
CMF @ 0.225
Internals were :
UP volume led by 3.70 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 3.10 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 126 in NYSE & 162 in Nasdaq
VIX UP .19% @ 10.42
Oil @ $48.85
Gold @ $1230.00
Stocks which were UP 1% or more included CNQ CY OCLR
SWIR IAG TWTR NTES FNSR OLED SWKS QRVO
NVDA VRX AMD FCX LEN EXPE SU FFIV TK
RIG LNG FEYE YELP FSLR SPWR CIEN GS
MLNX MA DATA CSOD MGA MS SNAP
SLW CRUS KBH CMG AAL PANW
LRCX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Indices closed near high of the day on higher oil and higher Chinese growth. S&P 500 & Nasdaq closed @ new all time high. Internals were strong. Nasdaq leaders rested while other stocks especially SOX took the leadership role. Oil stocks were UP. Looks like momentum is building again in the TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2402.32, high 2404.05, low 2393.94
RSI @ 63.71
CMF @ 0.225
Internals were :
UP volume led by 3.70 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 3.10 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 126 in NYSE & 162 in Nasdaq
VIX UP .19% @ 10.42
Oil @ $48.85
Gold @ $1230.00
Stocks which were UP 1% or more included CNQ CY OCLR
SWIR IAG TWTR NTES FNSR OLED SWKS QRVO
NVDA VRX AMD FCX LEN EXPE SU FFIV TK
RIG LNG FEYE YELP FSLR SPWR CIEN GS
MLNX MA DATA CSOD MGA MS SNAP
SLW CRUS KBH CMG AAL PANW
LRCX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, Indices closed near high of the day on higher oil and higher Chinese growth. S&P 500 & Nasdaq closed @ new all time high. Internals were strong. Nasdaq leaders rested while other stocks especially SOX took the leadership role. Oil stocks were UP. Looks like momentum is building again in the TAPE.
BLOG does NOT give buy or sell.
Saleem
Indices UP .43% to .46%....NICE !!!!
Indices are @ high of the day on strong oil & Chinese above consensus growth of 6.5%.
S&P 500 @ 2401.94, high 2404.05, low 2393.94
Internals are positive by 2 to 1 in Nasdaq and 3 to 1 in NYSE
Oil UP $1.31
Gold UP $2.00
Canadian $ UP 63 tick @ .6355
VIX UP .19% @ 10.42
In my portfolio ...added 40% FB @ $150.63
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.12 PM following are red :
FB BIDU TSLA AMZN MU AAPL NFLX CTRP
GG UA LVS LULU ABX MSFT SINA PCLN
WYNN KORS NKE OPK M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2401.94, high 2404.05, low 2393.94
Internals are positive by 2 to 1 in Nasdaq and 3 to 1 in NYSE
Oil UP $1.31
Gold UP $2.00
Canadian $ UP 63 tick @ .6355
VIX UP .19% @ 10.42
In my portfolio ...added 40% FB @ $150.63
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.12 PM following are red :
FB BIDU TSLA AMZN MU AAPL NFLX CTRP
GG UA LVS LULU ABX MSFT SINA PCLN
WYNN KORS NKE OPK M.....
BLOG does NOT give buy or sell.
Saleem
Sunday, May 14, 2017
SOX leading all sectors in US market.....
In the last 4 trading weeks, here is the stat of winning sectors :
Dow UP 2.43%
S&P 500 UP 2.66%
Nasdaq UP 5.44%
SOX UP 8.87%
I have deliberately left out losing sectors like Energy, Gold, Base metals......
The above stat is extremely revealing about the nature of this TAPE, extremely selective.
SO..IF you are not " overweight " in SOX or Nasdaq, you are missing out on this explosive run.
As you can clearly see that much favored safe Dow & S&P 500 has been lagging badly.....
The above stat is for only 4 trading weeks, on an annual basis we are looking @ a gain of roughly 115.31%......on an YTD basis these % can be extrapolated to fetch 51% YTD.....
Many stocks like FB gained 10.65% in 3 trading weeks.....even beating SOX average before pulling back after earning...
AAPL went UP 9.39% in last 7 trading days......
These selective stats are highlighting how narrow the rally has been....
I do not expect these trend to change anytime soon.....
Stock picking has been very simple IF we follow the TAPE....
BUT human nature likes risk and we all tend to try to outsmart wall street wisdom......
Technology as a whole, SOX & FANG in particular are the place to put money and forget it for a while.....
Ongoing bet in energy has not panned out......even with driving season on horizon, it is going to be choppy and erratic @ best, reasons are many, but investing money is flowing out is the main culprit.
Hopefully, it is still not too late to redeploy funds, to benefit from technology driven rally.
We still have 6.5 months or roughly 30 weeks to benefit from a well defined trend.
OH...about making strategic mistakes, even the world best investor, Warren Buffett made a bad bet in IBM for years......
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Dow UP 2.43%
S&P 500 UP 2.66%
Nasdaq UP 5.44%
SOX UP 8.87%
I have deliberately left out losing sectors like Energy, Gold, Base metals......
The above stat is extremely revealing about the nature of this TAPE, extremely selective.
SO..IF you are not " overweight " in SOX or Nasdaq, you are missing out on this explosive run.
As you can clearly see that much favored safe Dow & S&P 500 has been lagging badly.....
The above stat is for only 4 trading weeks, on an annual basis we are looking @ a gain of roughly 115.31%......on an YTD basis these % can be extrapolated to fetch 51% YTD.....
Many stocks like FB gained 10.65% in 3 trading weeks.....even beating SOX average before pulling back after earning...
AAPL went UP 9.39% in last 7 trading days......
These selective stats are highlighting how narrow the rally has been....
I do not expect these trend to change anytime soon.....
Stock picking has been very simple IF we follow the TAPE....
BUT human nature likes risk and we all tend to try to outsmart wall street wisdom......
Technology as a whole, SOX & FANG in particular are the place to put money and forget it for a while.....
Ongoing bet in energy has not panned out......even with driving season on horizon, it is going to be choppy and erratic @ best, reasons are many, but investing money is flowing out is the main culprit.
Hopefully, it is still not too late to redeploy funds, to benefit from technology driven rally.
We still have 6.5 months or roughly 30 weeks to benefit from a well defined trend.
OH...about making strategic mistakes, even the world best investor, Warren Buffett made a bad bet in IBM for years......
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, May 12, 2017
Indices closed mixed....
Indices closed mixed on poor retail earnings and fed talk of 2 more rate hikes. Nasdaq closed up as big technology stocks continue to outperform.
S&P 500 @ 2390.88, low 2387.19, high 2392.44
RSI @ 58.14
CMF @ 0.236
Internals were :
Down volume led 1.63 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.32 to 1 in NYSE & 1.39 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 59 in Nasdaq
VIX Down 1.89% @ 10.40
Oil @ $47.84
Gold @ $1227.70
Canadian $ @ .6281
Stpocks which were UP 1% or more included OCLR
TWTR AMZN QRVO NVDA AAPL NFLX CTRP
AMD TECK LVS WYNN ABX SLW AEM DNKN
FEYE LNG TRIP SWIR SNAP OPK PANW....
Here is my portfolio weighting :
OCLR 31.39%
CNQ 27.23%
CY 21.25%
FB 20.13%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2390.88, low 2387.19, high 2392.44
RSI @ 58.14
CMF @ 0.236
Internals were :
Down volume led 1.63 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.32 to 1 in NYSE & 1.39 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 59 in Nasdaq
VIX Down 1.89% @ 10.40
Oil @ $47.84
Gold @ $1227.70
Canadian $ @ .6281
Stpocks which were UP 1% or more included OCLR
TWTR AMZN QRVO NVDA AAPL NFLX CTRP
AMD TECK LVS WYNN ABX SLW AEM DNKN
FEYE LNG TRIP SWIR SNAP OPK PANW....
Here is my portfolio weighting :
OCLR 31.39%
CNQ 27.23%
CY 21.25%
FB 20.13%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, May 11, 2017
Indices closed down .11% to .22%......
Indices closed down.
S&P 500 @ 2394.44, low 2381.74, high 2394.84
RSI @ 60.84
CMF @ 0.174
Internals were :
Down volume led by 1.90 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.58 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 41 in NYSE & 59 in Nasdaq
VIX UP 3.82% @ 10.60
Oil @ $47.83
Gold @ $12224.20
Stocks which were UP 1% or more included BIDU KGC ABX
SLW AEM GG NVDA VRX AMD LULU YELP SPWR
MGA OPK....
AH ER.....
CYBR Down 6.35%, VJET Down 6.32%, JWN Down 4.93%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was negative due to poor retail earnings and sabre rattling by North Korea.Indices closed near high of the day. Oil was UP 2 days in a row which is healthy for the market & oil industry. Stay with your high conviction stocks as we digest gains. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2394.44, low 2381.74, high 2394.84
RSI @ 60.84
CMF @ 0.174
Internals were :
Down volume led by 1.90 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.58 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 41 in NYSE & 59 in Nasdaq
VIX UP 3.82% @ 10.60
Oil @ $47.83
Gold @ $12224.20
Stocks which were UP 1% or more included BIDU KGC ABX
SLW AEM GG NVDA VRX AMD LULU YELP SPWR
MGA OPK....
AH ER.....
CYBR Down 6.35%, VJET Down 6.32%, JWN Down 4.93%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was negative due to poor retail earnings and sabre rattling by North Korea.Indices closed near high of the day. Oil was UP 2 days in a row which is healthy for the market & oil industry. Stay with your high conviction stocks as we digest gains. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Indices down .22% to .32%.....
Indices are lower on weak economic data. Indices are near high of the day.
S&P 500 @ 2392.36, low 2381.74, high 2394.84
Internals are negative
Oil UP 51 cents
Gold UP $5.10
Canadian $ Down 37 tick @ .6310
VIX UP 3.53% @ 10.57
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.20 following are red :
CNQ FB TWTR TSLA FNSR OLED MU NFLX CTRP
UA LVS SBUX JKS COH MSFT CSIQ DNKN SU
FFIV PCLN TK LNG WYNN AGU TRIP ORCL
SNAP KORS AAL X M PANW .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2392.36, low 2381.74, high 2394.84
Internals are negative
Oil UP 51 cents
Gold UP $5.10
Canadian $ Down 37 tick @ .6310
VIX UP 3.53% @ 10.57
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.20 following are red :
CNQ FB TWTR TSLA FNSR OLED MU NFLX CTRP
UA LVS SBUX JKS COH MSFT CSIQ DNKN SU
FFIV PCLN TK LNG WYNN AGU TRIP ORCL
SNAP KORS AAL X M PANW .....
BLOG does NOT give buy or sell.
Saleem
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