Indices closed UP.
S&P 500 @ 2471.65, high 2475.01, low 2462.65
RSI @ 58.40
CMF @ 0.005
Internals were :
UP volume led by 2.91 to 1 in NYSE & 2.87 to 1 in Nasdaq
Advancing stocks led by 2.79 to 1 in NYSE & 2.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 117 in NYSE & 141 in Nasdaq
VIX Down 5.61% @ 10.59
Oil @ $47.23
Gold @ $1322.20
Stocks which were UP 2% or more included MOMO NVDA
AMD WB OLED SWIR GG LVS KGC JKS LEN SINA
EXPE PCLN LNG WYNN MGA SHOP SPLK OPK
ULTA ....
AH ER....LULU UP 5.8%, PANW UP 5.47%
AMBA Down 9.3%
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE continued its bull run and closed near high of the day. Internals were strong and positive.Majority of stocks participated in this rally. Friday is Jobs report which is expected to be addition of 180,000, IF it exceeds too much, fear of interest rate hike may become a factor. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 31, 2017
Indices UP .20% to .84%....NICE !!!!
Indices are higher on hope for tax legislation. Indices are @ high of the day.
S&P 500 @ 2470.28, high 2470.35, low 2462.65
Internals are positive by 2.5 to 1
Oil UP $1.25
Gold UP $11.20
Canadian $ UP 1.19 cents @ .7500 ...highest level in 16 months against US$
VIX Down 4.99% @ 10.66
Portfolio CTRP MOMO NVDA SNAP
Most stocks are UP
@ 2.36 following are red :
CTRP SNAP NFLX LULU FNSR SPWR OCLR TECK
V MA CSIQ DNKN YELP FSLR CIEN X M....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2470.28, high 2470.35, low 2462.65
Internals are positive by 2.5 to 1
Oil UP $1.25
Gold UP $11.20
Canadian $ UP 1.19 cents @ .7500 ...highest level in 16 months against US$
VIX Down 4.99% @ 10.66
Portfolio CTRP MOMO NVDA SNAP
Most stocks are UP
@ 2.36 following are red :
CTRP SNAP NFLX LULU FNSR SPWR OCLR TECK
V MA CSIQ DNKN YELP FSLR CIEN X M....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 30, 2017
Indices closed UP .12% to 1.05%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2457.59, high 2460.31, low 2443.77
RSI @ 52.94
CMF @ -0.028
Internals were :
UP volume led by 1.23 to 1 in NYSE & 2.15 to 1 in Nasdaq
Advancing stocks led by 1.67 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 65 in Nasdaq
VIX Down 4.10% @ 11.22
Oil @ $45.96
Gold @ $1314.10
Stocks which were UP 2% or more included MOMO
NFLX BIDU MCHP NTES BABA OLED AMD
JKS QRVO MRVL TRIP SHOP CRUS SWKS
X PANW.....
AH ER....BOX Down 3.92%, SMTC Down 13.57%
SCVL UP 16.63%
CTRP reported a beat in Sales and EPS, here are the actual numbers :
Sales actual $953.13 million, expected $945.07 million, beat by $8.06 million
EPS actual 22 cents, expected 20 cents , beat by 2 cents
CTRP guiding Sales to be UP between 35 to 40% yoy
Stock UP 1.06% in AH......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE turned UP right after open and never looked back, indices closed near high of the day. All major indices are above 50 DMA, a sign of technical strength. CMF has turned positive for Nasdaq. Most stock participated in today's rally. Even beaten down stocks like NTES & MOMO got active buying. Chinese PMI is above forecast @ 51.7%, should be a big positive for Chinese exposure stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2457.59, high 2460.31, low 2443.77
RSI @ 52.94
CMF @ -0.028
Internals were :
UP volume led by 1.23 to 1 in NYSE & 2.15 to 1 in Nasdaq
Advancing stocks led by 1.67 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 65 in Nasdaq
VIX Down 4.10% @ 11.22
Oil @ $45.96
Gold @ $1314.10
Stocks which were UP 2% or more included MOMO
NFLX BIDU MCHP NTES BABA OLED AMD
JKS QRVO MRVL TRIP SHOP CRUS SWKS
X PANW.....
AH ER....BOX Down 3.92%, SMTC Down 13.57%
SCVL UP 16.63%
CTRP reported a beat in Sales and EPS, here are the actual numbers :
Sales actual $953.13 million, expected $945.07 million, beat by $8.06 million
EPS actual 22 cents, expected 20 cents , beat by 2 cents
CTRP guiding Sales to be UP between 35 to 40% yoy
Stock UP 1.06% in AH......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE turned UP right after open and never looked back, indices closed near high of the day. All major indices are above 50 DMA, a sign of technical strength. CMF has turned positive for Nasdaq. Most stock participated in today's rally. Even beaten down stocks like NTES & MOMO got active buying. Chinese PMI is above forecast @ 51.7%, should be a big positive for Chinese exposure stocks.
BLOG does NOT give buy or sell.
Saleem
Indices UP .19% to 1.03%....NICE !!!!
Indices are confirming this turnaround rally. GDP came in better than expected which is helping trading sentiment.Indices are @ high of the day.
S&P 500 @ 2458.91, high 2459.21, low 2443.77
Internals are positive by mostly 2 to 1
Oil Down 47 cents
Gold Down $4.60
Canadian $ Down 1.12 cent @ .7377
VIX Down 5.47% @ 11.06
Portfolio CTRP MOMO NVDA SNAP
Most stocks are UP
@ 1.54 following are red :
LULU SPWR SWIR ACIA CHK TECK VRX CNQ
FCX ABX MA COH EXPE SU TK RIG LNG
FSLR AGU MLNX AEM KORS GG AAL
M CNX.....
CTRP reports AH, here are the expectations :
Sales $945.07 million, EPS 20 cents
Guidance next Q Sales $1.16 billion, EPS 38 cents
CTRP is a turnaround story, becoming profitable!
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2458.91, high 2459.21, low 2443.77
Internals are positive by mostly 2 to 1
Oil Down 47 cents
Gold Down $4.60
Canadian $ Down 1.12 cent @ .7377
VIX Down 5.47% @ 11.06
Portfolio CTRP MOMO NVDA SNAP
Most stocks are UP
@ 1.54 following are red :
LULU SPWR SWIR ACIA CHK TECK VRX CNQ
FCX ABX MA COH EXPE SU TK RIG LNG
FSLR AGU MLNX AEM KORS GG AAL
M CNX.....
CTRP reports AH, here are the expectations :
Sales $945.07 million, EPS 20 cents
Guidance next Q Sales $1.16 billion, EPS 38 cents
CTRP is a turnaround story, becoming profitable!
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 29, 2017
Indices closed UP .08% to .30%....NICE !!!!
Indices closed UP.
S&P 500 @ 2446.30, high 2449.19, low 2428.20
RSI @ 47.84
CMF @ -0.021
Internals were :
UP volume led by .83 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by .95 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & 22 in Nasdaq
VIX UP 3.36% @ 11.70
Oil @ $46.44
Gold @ $1318.90
In my portfolio added 200% SNAP @ $14.98
Stocks which were UP 1% or more included NFLX WB MU
ABX AEM JKS EXPE SU EBAY RIG WYNN MLNX
CSOD ULTA X LRCX......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE slumped @ open but closed green, this proves that buyers are waiting for the right price, bargain hunting is alive and well. Most well known stocks were bought and closed near high of the day. IF we get another green close, then this turnaround may last.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2446.30, high 2449.19, low 2428.20
RSI @ 47.84
CMF @ -0.021
Internals were :
UP volume led by .83 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by .95 to 1 in NYSE & 1.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & 22 in Nasdaq
VIX UP 3.36% @ 11.70
Oil @ $46.44
Gold @ $1318.90
In my portfolio added 200% SNAP @ $14.98
Stocks which were UP 1% or more included NFLX WB MU
ABX AEM JKS EXPE SU EBAY RIG WYNN MLNX
CSOD ULTA X LRCX......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE slumped @ open but closed green, this proves that buyers are waiting for the right price, bargain hunting is alive and well. Most well known stocks were bought and closed near high of the day. IF we get another green close, then this turnaround may last.
BLOG does NOT give buy or sell.
Saleem
Indices are green.....NICE !!!!
Indices are green after being down triple digits @ open. Indices are @ high of the day.
S&P 500 @ 2444.70, high 2445.30, low 2428.20
Internals are mixed, negative in NYSE & positive in Nasdaq
Oil Down 29 cents
Gold UP $2.20
Canadian $ Down 36 tick @ .7458
VIX UP 5.12% @ 11.90
In my portfolio Sold OCLR @ $8.35
Portfolio CTRP MOMO NVDA SNAP
Most stocks are UP
@ 2 2.27 following are red :
SNAP LULU NTES OCLR VRX AMD BAC FCX
UA SBUX COH LEN QRVO DNKN YUM
FFIV LNG TRIP MGA MCD KORS
NKE KBH CMG AAL M....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2444.70, high 2445.30, low 2428.20
Internals are mixed, negative in NYSE & positive in Nasdaq
Oil Down 29 cents
Gold UP $2.20
Canadian $ Down 36 tick @ .7458
VIX UP 5.12% @ 11.90
In my portfolio Sold OCLR @ $8.35
Portfolio CTRP MOMO NVDA SNAP
Most stocks are UP
@ 2 2.27 following are red :
SNAP LULU NTES OCLR VRX AMD BAC FCX
UA SBUX COH LEN QRVO DNKN YUM
FFIV LNG TRIP MGA MCD KORS
NKE KBH CMG AAL M....
BLOG does NOT give buy or sell.
Saleem
Monday, August 28, 2017
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2444.24, high 2449.12, low 2439.03
RSI @ 46.86
CMF @ -0.027
Internals were :
Down volume led by 1.58 to 1 in NYSE & .66 to 1 in Nasdaq
Declining stocks led by 1.14 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 35 in NYSE & 25 in Nasdaq
VIX UP .35% @ 11.32
Oil @ $46.57
Gold @ $1315.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed mixed despite selling bouts, Nasdaq was the strongest. North Korea is in the news again by firing missile over Japan, this violates air space of Japan.a provocation against a nation which is vowed to peace. Futures slumped around 150 points. I think reaction will be contained by US open. These are not a game changing event, by close Tuesday, we should be close to neutral.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2444.24, high 2449.12, low 2439.03
RSI @ 46.86
CMF @ -0.027
Internals were :
Down volume led by 1.58 to 1 in NYSE & .66 to 1 in Nasdaq
Declining stocks led by 1.14 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 35 in NYSE & 25 in Nasdaq
VIX UP .35% @ 11.32
Oil @ $46.57
Gold @ $1315.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed mixed despite selling bouts, Nasdaq was the strongest. North Korea is in the news again by firing missile over Japan, this violates air space of Japan.a provocation against a nation which is vowed to peace. Futures slumped around 150 points. I think reaction will be contained by US open. These are not a game changing event, by close Tuesday, we should be close to neutral.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Nasdaq is green while Dow & S&P 500 is red. Oil is sharply lower and no movement on tax cuts. Indices are near low of the day.
S&P 500 @ 2442.16, low 2439.03, high 2449.12
Internals are mostly negative.
Oil Down $1.53
Gold UP $17.20
Canadian $ Down 18 tick @ .7503
VIX UP 3.19% @ 11.64
Portfolio CTRP MOMO NVDA OCLR SNAP
Most stocks are down
@ 2.20 following are green :
NVDA SNAP AAPL MCHP AMZN FB MU TWTR
GG TECK FCX V ABX KGC MA NFLX EBAY
YUM MRVL LNG MLNX SHOP MCD AEM
FSLR OPK CMG X PANW LRCX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2442.16, low 2439.03, high 2449.12
Internals are mostly negative.
Oil Down $1.53
Gold UP $17.20
Canadian $ Down 18 tick @ .7503
VIX UP 3.19% @ 11.64
Portfolio CTRP MOMO NVDA OCLR SNAP
Most stocks are down
@ 2.20 following are green :
NVDA SNAP AAPL MCHP AMZN FB MU TWTR
GG TECK FCX V ABX KGC MA NFLX EBAY
YUM MRVL LNG MLNX SHOP MCD AEM
FSLR OPK CMG X PANW LRCX....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 27, 2017
CMF has turned negative on all 3 indices....
TAPE has been on a holding pattern and has not done much since 2nd week of July, it has gone nowhere. How will this 7 week of sideways action will resolve.......we have to look @ other clues to determine where we go from here.
CMF has turned negative on DOW, S&P 500 and Nasdaq fir the first time in a long time. This simply means that money is leaving this market.
IS this a reflection of summer vacation time or smart money is not so sure about direction of this market, thus in no hurry to put new money in the market.
Technically, S&P 500 and Nasdaq are below 50 DMA, again not a sign of healthy market, so no hurry to make a decision to trade or invest.
This sideways market may continue until the week after labor day, so 2 weeks of inaction.
DOW is the only index which is above 50 DMA, which gives some comfort, that all is not weak.
RSI ranges from 46.32 in S&P 500, 46.79 in Nasdaq to 50.61 in Dow.....trading near lower end of their range.
I do not think that we are going to race towards 200 DMA, but in next 2 weeks, sector rotation continues, out of technology and into base metals......
After 2 weeks we may start to do bargain hunting in technology @ low low level.
SO...it is clear summer holiday needs to be enjoyed until everyone is back @ work.
Next 2 weeks exposure can remain low.....until strong stocks are bargain again.
SO......do your homework and keep monitoring potential buys......
Good luck with your own take and comfort level.
BLOG does NOT give buy or sell.
Saleem
CMF has turned negative on DOW, S&P 500 and Nasdaq fir the first time in a long time. This simply means that money is leaving this market.
IS this a reflection of summer vacation time or smart money is not so sure about direction of this market, thus in no hurry to put new money in the market.
Technically, S&P 500 and Nasdaq are below 50 DMA, again not a sign of healthy market, so no hurry to make a decision to trade or invest.
This sideways market may continue until the week after labor day, so 2 weeks of inaction.
DOW is the only index which is above 50 DMA, which gives some comfort, that all is not weak.
RSI ranges from 46.32 in S&P 500, 46.79 in Nasdaq to 50.61 in Dow.....trading near lower end of their range.
I do not think that we are going to race towards 200 DMA, but in next 2 weeks, sector rotation continues, out of technology and into base metals......
After 2 weeks we may start to do bargain hunting in technology @ low low level.
SO...it is clear summer holiday needs to be enjoyed until everyone is back @ work.
Next 2 weeks exposure can remain low.....until strong stocks are bargain again.
SO......do your homework and keep monitoring potential buys......
Good luck with your own take and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, August 25, 2017
Indices closed mixed......
Indices closed mixed. Indices shot up triple digit in anticipation of Fed chief speech, but sold off on the news.Indices closed near low of the day.Nasdaq was red @ close.
S&P 500 @ 2443.05, high 2453.96, low 2442.22
RSI @ 46.32
CMF @ -0.064
Internals were :
UP volume led by 2.01 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by 2.07 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 39 in Nasdaq
VIX Down 7.77% @ 11.28
Oil @ $47.87
Gold @ $1297.90
Canadian $ @ .7506...highest close in 15 months against US$
Stocks which closed UP 1% or more included SNAP
TECK UA COH TK RIG AEM SPLK KORS M
CMG AAL.....
Here is my portfolio weighting :
NVDA 31.18%
MOMO 30.11%
OCLR 19.60%
CTRP 14.43%
SNAP 4.68%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2443.05, high 2453.96, low 2442.22
RSI @ 46.32
CMF @ -0.064
Internals were :
UP volume led by 2.01 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by 2.07 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 39 in Nasdaq
VIX Down 7.77% @ 11.28
Oil @ $47.87
Gold @ $1297.90
Canadian $ @ .7506...highest close in 15 months against US$
Stocks which closed UP 1% or more included SNAP
TECK UA COH TK RIG AEM SPLK KORS M
CMG AAL.....
Here is my portfolio weighting :
NVDA 31.18%
MOMO 30.11%
OCLR 19.60%
CTRP 14.43%
SNAP 4.68%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 24, 2017
Indices closed down .11% to .21%......
Indices closed down.
S&P 500 @ 2438.97, low 2436.19, high 2450.39
RSI @ 44.53
CMF @ 0.010
Internals were :
UP volume led by .97 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 53 in NYSE & 9 in Nasdaq
VIX 0.16% @ 12.23
Oil @ $47.43
Gold @ $1292.00
AH ER....SPLK UP 8.66%, ULTA Down 5.55%
GME Down 7.44%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was negative and closed near low of the day. Nasdaq has joined S&P 500 and closed below 50 DMA. Traders are waiting for resolution of budgetary issues in US and direction from world monetary chiefs about interest rates. CMF is negative in DOW and slightly positive in S&P 500 and Nasdaq.Internals were mixed. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2438.97, low 2436.19, high 2450.39
RSI @ 44.53
CMF @ 0.010
Internals were :
UP volume led by .97 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 53 in NYSE & 9 in Nasdaq
VIX 0.16% @ 12.23
Oil @ $47.43
Gold @ $1292.00
AH ER....SPLK UP 8.66%, ULTA Down 5.55%
GME Down 7.44%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was negative and closed near low of the day. Nasdaq has joined S&P 500 and closed below 50 DMA. Traders are waiting for resolution of budgetary issues in US and direction from world monetary chiefs about interest rates. CMF is negative in DOW and slightly positive in S&P 500 and Nasdaq.Internals were mixed. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .04% to .20%.....
Indices are down in sluggish trading as traders wait for verdict on interest rate from Jackson Hole.
S&P 500 @ 2440.67, low 2436.19, high 2450.39
Internals are positive
Oil Down 98 cents
Gold Down $2.70
Canadian $ UP 33 tick @ .7478
VIX Down .16% @ 12.23
In my portfolio Bought SNAP @ $14.55
Portfolio CTRP MOMO NVDA OCLR SNAP
Most stocks are down.
@ 2.12 following are green :
MOMO SPWR TSLA WB OLED VRX SWIR FCX UA
LVS ABX JKS CSIQ COH EXPE FFIV TK RIG LNG
FEYE FSLR GS AGU TRIP DATA MGA SHOP
AEM SPLK ULTA NKE CMG M PANW.....
BLOG does NOT give buy or sell
Saleem
S&P 500 @ 2440.67, low 2436.19, high 2450.39
Internals are positive
Oil Down 98 cents
Gold Down $2.70
Canadian $ UP 33 tick @ .7478
VIX Down .16% @ 12.23
In my portfolio Bought SNAP @ $14.55
Portfolio CTRP MOMO NVDA OCLR SNAP
Most stocks are down.
@ 2.12 following are green :
MOMO SPWR TSLA WB OLED VRX SWIR FCX UA
LVS ABX JKS CSIQ COH EXPE FFIV TK RIG LNG
FEYE FSLR GS AGU TRIP DATA MGA SHOP
AEM SPLK ULTA NKE CMG M PANW.....
BLOG does NOT give buy or sell
Saleem
Wednesday, August 23, 2017
Indices closed down .30% to .40%.....
Indices closed down.
S&P 500 @ 2444.04, low 2441.42, high 2448.91
RSI @ 46.32
CMF @ 0.057
Internals were :
UP volume led by 1.38 to 1 in NYSE & .91 to 1 in Nasdaq
Advancing stocks led by 1.12 to 1 in NYSE & .83 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & lows by 20 in Nasdaq
VIX UP 7.93% @ 12.25
Oil @ $48.37
Gold @ $1294.70
Stocks which were UP 2% or more included MOMO NVDA OCLR
SNAP WB TSLA FNSR AMD SINA TK CIEN SHOP X.....
AH news :
GES UP 12.98%, WSM UP 6.57%, XLNX Down 2.3%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE faced selling due to uncertainty on US political front, issues like government shutdown, tax reform and famous health care repeal and replace is stuck in the mud. Indices closed near low of the day. S&P 500 closed below 50 DMA. Chinese stocks did very well and late surge in optical communications stocks. Nasdaq barely closed above 50 DMA, it needs to hold that level.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2444.04, low 2441.42, high 2448.91
RSI @ 46.32
CMF @ 0.057
Internals were :
UP volume led by 1.38 to 1 in NYSE & .91 to 1 in Nasdaq
Advancing stocks led by 1.12 to 1 in NYSE & .83 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & lows by 20 in Nasdaq
VIX UP 7.93% @ 12.25
Oil @ $48.37
Gold @ $1294.70
Stocks which were UP 2% or more included MOMO NVDA OCLR
SNAP WB TSLA FNSR AMD SINA TK CIEN SHOP X.....
AH news :
GES UP 12.98%, WSM UP 6.57%, XLNX Down 2.3%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE faced selling due to uncertainty on US political front, issues like government shutdown, tax reform and famous health care repeal and replace is stuck in the mud. Indices closed near low of the day. S&P 500 closed below 50 DMA. Chinese stocks did very well and late surge in optical communications stocks. Nasdaq barely closed above 50 DMA, it needs to hold that level.
BLOG does NOT give buy or sell.
Saleem
Indices down .36% to .46%......
Indices are down on fear of shutdown of US government. Indices are near low of the day.
S&P 500 @ 2442.85, low 2441.42, high 2448.91
Internals are mixed
Oil UP 53 cents
Gold UP $3.80
Canadian $ UP 5 tick @ .7447
VIX UP 6.78% @ 12.12
In my portfolio :
Sold SPWR @ $9.11
Added 35% OCLR @ $8.20
Portfolio CTRP MOMO NVDA OCLR
Most stocks are UP
@ 2.02 following are red :
BABA BIDU AAPL FNSR AMZN NTES FB LVS
V SBUX MA LEN QRVO MSFT NFLX DNKN
FFIV PCLN MRVL FSLR WYNN MLNX
DATA CSOD ORCL MCD AEM SPLK
ULTA SWKS NKE KBH OPK CMG
AAL PANW LRCX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2442.85, low 2441.42, high 2448.91
Internals are mixed
Oil UP 53 cents
Gold UP $3.80
Canadian $ UP 5 tick @ .7447
VIX UP 6.78% @ 12.12
In my portfolio :
Sold SPWR @ $9.11
Added 35% OCLR @ $8.20
Portfolio CTRP MOMO NVDA OCLR
Most stocks are UP
@ 2.02 following are red :
BABA BIDU AAPL FNSR AMZN NTES FB LVS
V SBUX MA LEN QRVO MSFT NFLX DNKN
FFIV PCLN MRVL FSLR WYNN MLNX
DATA CSOD ORCL MCD AEM SPLK
ULTA SWKS NKE KBH OPK CMG
AAL PANW LRCX......
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 22, 2017
Indices closed UP .90% to 1.36%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2452.51, high 2454.77, low 2433.67
RSI @ 49.38
CMF @ 0.059
Internals were :
UP volume led by 3.10 to 1 in NYSE & 2.65 to 1 in Nasdaq
Advancing stocks led by 2.66 to 1 in NYSE & 2.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 31 in NYSE & lows by 22 in Nasdaq
VIX Down 13.95% @ 11.35
Oil @ $47.64
Gold @ $1291.00
Stocks which were UP 2% or more included NVDA
SNAP WB BABA FNSR MU TWTR CY FCX
SBUX QRVO TK RIG FEYE MLNX FNSR
SHOP X M LRCX.....
In my portfolio :
Sold FB @ $169.49
Added 100% MOMO @ $36.38
Added 225% CTRP @ $52.49
AH ER....CREE Down 8.38%, CRM Down 1.31%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, Indices were strong and closed near high of the day. All major indices closed above 50 DMA, this is a major reversal from weak technical picture before. CMF is positive in all indices. Strong technology stocks were in high demand again. This was Nasdaq first day of gain and it gapped UP @ open. Hopefully, we will get confirmation of Nasdaq technical health by closing higher on Wednesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2452.51, high 2454.77, low 2433.67
RSI @ 49.38
CMF @ 0.059
Internals were :
UP volume led by 3.10 to 1 in NYSE & 2.65 to 1 in Nasdaq
Advancing stocks led by 2.66 to 1 in NYSE & 2.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 31 in NYSE & lows by 22 in Nasdaq
VIX Down 13.95% @ 11.35
Oil @ $47.64
Gold @ $1291.00
Stocks which were UP 2% or more included NVDA
SNAP WB BABA FNSR MU TWTR CY FCX
SBUX QRVO TK RIG FEYE MLNX FNSR
SHOP X M LRCX.....
In my portfolio :
Sold FB @ $169.49
Added 100% MOMO @ $36.38
Added 225% CTRP @ $52.49
AH ER....CREE Down 8.38%, CRM Down 1.31%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, Indices were strong and closed near high of the day. All major indices closed above 50 DMA, this is a major reversal from weak technical picture before. CMF is positive in all indices. Strong technology stocks were in high demand again. This was Nasdaq first day of gain and it gapped UP @ open. Hopefully, we will get confirmation of Nasdaq technical health by closing higher on Wednesday.
BLOG does NOT give buy or sell.
Saleem
Indices UP .77% to 1.18%.....NICE !!!!
Indices are rebounding nicely after testing support yesterday. Indices are @ high of the day.
S&P 500 @ 2448.42, high 2449.51, low 2433.67
Internals are positive by 2 to 1
Oil UP 17 cents
Gold Down $5.89
Canadian $ Down 2 tick @ .7441
VIX Down 10.61% @ 11.79
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are UP
@ 1.58 PM following are red :
MOMO GG ABX KGC LEN JKS AGU AEM ULTA
KORS KBH OPK CMG AAL.....
MOMO reported a beat in Sales and EPS
Also guiding higher than consensus, Here are
actual vs expected :
Sales actual $312.2 million, expected $286.33, beat by $26 million
EPS actual 35 cents, expected 31 cents, a beat by 4 cents
Guiding Sales $339.5 million, expected $307.13, guiding higher by
$32 million.....
All this performance resulting in Down 18.87% on heavy volume
of 36.3 million so far, average daily volume 6 million shares????
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2448.42, high 2449.51, low 2433.67
Internals are positive by 2 to 1
Oil UP 17 cents
Gold Down $5.89
Canadian $ Down 2 tick @ .7441
VIX Down 10.61% @ 11.79
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are UP
@ 1.58 PM following are red :
MOMO GG ABX KGC LEN JKS AGU AEM ULTA
KORS KBH OPK CMG AAL.....
MOMO reported a beat in Sales and EPS
Also guiding higher than consensus, Here are
actual vs expected :
Sales actual $312.2 million, expected $286.33, beat by $26 million
EPS actual 35 cents, expected 31 cents, a beat by 4 cents
Guiding Sales $339.5 million, expected $307.13, guiding higher by
$32 million.....
All this performance resulting in Down 18.87% on heavy volume
of 36.3 million so far, average daily volume 6 million shares????
BLOG does NOT give buy or sell.
Saleem
Monday, August 21, 2017
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2428.37, high 2430.58, low 2417.35
RSI @ 38.63
CMF @ 0.007
Internals were :
Down volume led by 1.12 to 1 in NYSE & 1.43 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk lows were leading by 122 in NYSE & 95 in Nasdaq
VIX Down 7.50% @ 13.19
Oil @ $47.37
Gold @ $1296.70
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went to new lows before turning higher than previous close, this is a very encouraging pattern from technical point of view. Many high beta technology stocks have taken rest and have pulled back to find support. Solar was the wild card today, thanks to solar eclipse, which shut down solar panels, First Solar gave some explanation, but left many confused. Hopefully, we have seen and tested the lows for now.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2428.37, high 2430.58, low 2417.35
RSI @ 38.63
CMF @ 0.007
Internals were :
Down volume led by 1.12 to 1 in NYSE & 1.43 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk lows were leading by 122 in NYSE & 95 in Nasdaq
VIX Down 7.50% @ 13.19
Oil @ $47.37
Gold @ $1296.70
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE went to new lows before turning higher than previous close, this is a very encouraging pattern from technical point of view. Many high beta technology stocks have taken rest and have pulled back to find support. Solar was the wild card today, thanks to solar eclipse, which shut down solar panels, First Solar gave some explanation, but left many confused. Hopefully, we have seen and tested the lows for now.
BLOG does NOT give buy or sell.
Saleem
Indices down .03% to .26%.....
Indices are down on lower oil.
S&P 500 @ 2424.42, low 2417.35, high 2430.58
Internals are negative
Oil Down $1.40
Gold UP $6.80
Canadian $ UP 17 tick @ .7433
VIX Down 4.56% @ 13.61
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are down
@ 2.28 PM following are green :
CTRP MOMO WB BIDU BABA LULU NTES TWTR
GG TECK FCX LVS V SBUX ABX COH LEN SINA
EXPE YUM AGU TRIP DATA CSOD MGA ORCL
SHOP MCD AEM SPLK KBH V PANW....
MOMO reports before open on Tuesday, here are the expectations :
Sales $286.33 million, EPS 31 cents
Guidance next Q Sales $307.13 million, EPS 34 cents
MOMO has a history of beating expectations by a wide margin, expecting a similar beat !
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2424.42, low 2417.35, high 2430.58
Internals are negative
Oil Down $1.40
Gold UP $6.80
Canadian $ UP 17 tick @ .7433
VIX Down 4.56% @ 13.61
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are down
@ 2.28 PM following are green :
CTRP MOMO WB BIDU BABA LULU NTES TWTR
GG TECK FCX LVS V SBUX ABX COH LEN SINA
EXPE YUM AGU TRIP DATA CSOD MGA ORCL
SHOP MCD AEM SPLK KBH V PANW....
MOMO reports before open on Tuesday, here are the expectations :
Sales $286.33 million, EPS 31 cents
Guidance next Q Sales $307.13 million, EPS 34 cents
MOMO has a history of beating expectations by a wide margin, expecting a similar beat !
BLOG does NOT give buy or sell.
Saleem
Sunday, August 20, 2017
Best & worst performing sector / index......so far
This pullback has taken many by surprise, here is a list of how each sector has performed so far from recent highs to recent lows :
DOW Down 2.52%
S&P 500 Down 2.82%
Nasdaq Down 4.40%
TAN Down 4.75%
Russell Down 7.08%
SOX Down 8.45%
XLE Down 19.77%
I am sure most traders are surprised that Nasdaq is down only 4.40%, while individual stocks are down much more.....
Dow & S&P 500 have fared the best in this tough environment.
TAN which was leading all index / sectors is down 4.75%...even behind Nasdaq
Russell and SOX are among the weakest, that is where any exposure to small cap is reflecting in poor performance of many portfolios.
XLE down 19.77%......no surprise here as energy stocks have lagged this TAPE badly.
Moral of investing story is, it is better to stay diversified, where your gains or losses reflects your weighting.
Many are worried that earnings season is coming to an end, after which weakness may accelerate.
Only earnings i may be impacted is on Tuesday before open from MOMO......
Market is full of many surprise, when most expects it to go down, it goes UP.
Contrary investing / trading generally works, sell when euphoria setting in and buy when everyone is selling.
We may be @ a selling extreme now......
Good luck with your own interpretation of this TAPE and your comfort level.
BLOG does NOT give buy or sell.
Saleem
DOW Down 2.52%
S&P 500 Down 2.82%
Nasdaq Down 4.40%
TAN Down 4.75%
Russell Down 7.08%
SOX Down 8.45%
XLE Down 19.77%
I am sure most traders are surprised that Nasdaq is down only 4.40%, while individual stocks are down much more.....
Dow & S&P 500 have fared the best in this tough environment.
TAN which was leading all index / sectors is down 4.75%...even behind Nasdaq
Russell and SOX are among the weakest, that is where any exposure to small cap is reflecting in poor performance of many portfolios.
XLE down 19.77%......no surprise here as energy stocks have lagged this TAPE badly.
Moral of investing story is, it is better to stay diversified, where your gains or losses reflects your weighting.
Many are worried that earnings season is coming to an end, after which weakness may accelerate.
Only earnings i may be impacted is on Tuesday before open from MOMO......
Market is full of many surprise, when most expects it to go down, it goes UP.
Contrary investing / trading generally works, sell when euphoria setting in and buy when everyone is selling.
We may be @ a selling extreme now......
Good luck with your own interpretation of this TAPE and your comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, August 18, 2017
Indices closed down .09% to .35%......
Indices closed down again, White House let go of Chief Strategist did not help by close. Too much political uncertainty for investors and traders.
S&P 500 @ 2425.55, low 2420.69, high 2440.27
RSI @ 37.19
CMF @ -0.017
Internals were :
Down volume led by 1.11 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.12 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk lows were leading by 132 in NYSE & 94 in Nasdaq
VIX Down 8.30% @ 14.26
Oil @ $48.51
Gold @ $1291.60
Canadian $ UP 64 tick @ .7413
Stocks which were UP 1% or more included CTRP SPWR
WB BABA MU JKS CSIQ CHK TK RIG LNG TRIP
SNAP SHOP ULTA OPK LRCX CNX......
Here is my portfolio weighting :
FB 38.46%
NVDA 25.68%
MOMO 15.49%
OCLR 11.91%
SPWR 4.90%
CTRP 3.56%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2425.55, low 2420.69, high 2440.27
RSI @ 37.19
CMF @ -0.017
Internals were :
Down volume led by 1.11 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.12 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk lows were leading by 132 in NYSE & 94 in Nasdaq
VIX Down 8.30% @ 14.26
Oil @ $48.51
Gold @ $1291.60
Canadian $ UP 64 tick @ .7413
Stocks which were UP 1% or more included CTRP SPWR
WB BABA MU JKS CSIQ CHK TK RIG LNG TRIP
SNAP SHOP ULTA OPK LRCX CNX......
Here is my portfolio weighting :
FB 38.46%
NVDA 25.68%
MOMO 15.49%
OCLR 11.91%
SPWR 4.90%
CTRP 3.56%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 17, 2017
Indices closed down 1.24% to 1.94%......
Indices closed down.
S&P 500 @ 2430.01, low 2430.01, high 2465.02
RSI @ 38.52
CMF @ 0.058
Internals were :
Down volume led by 6.88 to 1 in NYSE & 3.00 to 1 in Nasdaq
Declining stocks led by 4.55 to 1 in NYSE & 3.89 to 1 in Nasdaq
Net new 52 wk lows were leading by 93 in NYSE & 81 in Nasdaq
VIX UP 32.45% @ 15.55
Oil @ $47.09
Gold @ $1292.40
AH ER...ROST UP 11.76%, AMAT UP 3.78%
GPS UP 5.51%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was in a selling frenzy, thanks to failure of US leadership to deal with any internal issues, resignation galore in white house staff is hurting confidence in investors. When the bell rang to close this market, all indices closed @ absolute low of the day. Russell closed below 200 DMA first time in 14 months. S&P 500 and Nasdaq closed well below 50 DMA. Lot of technical damage and lower lows were made. This market needs a major rebuke from Republican leadership to restore investor confidence. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2430.01, low 2430.01, high 2465.02
RSI @ 38.52
CMF @ 0.058
Internals were :
Down volume led by 6.88 to 1 in NYSE & 3.00 to 1 in Nasdaq
Declining stocks led by 4.55 to 1 in NYSE & 3.89 to 1 in Nasdaq
Net new 52 wk lows were leading by 93 in NYSE & 81 in Nasdaq
VIX UP 32.45% @ 15.55
Oil @ $47.09
Gold @ $1292.40
AH ER...ROST UP 11.76%, AMAT UP 3.78%
GPS UP 5.51%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was in a selling frenzy, thanks to failure of US leadership to deal with any internal issues, resignation galore in white house staff is hurting confidence in investors. When the bell rang to close this market, all indices closed @ absolute low of the day. Russell closed below 200 DMA first time in 14 months. S&P 500 and Nasdaq closed well below 50 DMA. Lot of technical damage and lower lows were made. This market needs a major rebuke from Republican leadership to restore investor confidence. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .79% to 1.24%....
Indices are lower on weak earnings and uncertainty about President's agenda. Indices are near low of the day.
S&P 500 @ 2443.85, low 2442.19, high 2465.02
Internals are negative by 3 to 1
Oil UP 36 cents
Gold UP $8.50
Canadian $ Down 39 tick @ .7347
VIX UP 21.47% @ 14.26...high today 15.05....
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are down
@ 2.18 following are green :
MOMO WB BABA VRX CNQ GG DNKN COH CSOD
SNAP AEM CMG CNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2443.85, low 2442.19, high 2465.02
Internals are negative by 3 to 1
Oil UP 36 cents
Gold UP $8.50
Canadian $ Down 39 tick @ .7347
VIX UP 21.47% @ 14.26...high today 15.05....
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are down
@ 2.18 following are green :
MOMO WB BABA VRX CNQ GG DNKN COH CSOD
SNAP AEM CMG CNX......
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 16, 2017
Indices closed UP .12% to .19%....NICE !!!!
Indices closed UP.
S&P 500 @ 2468.11, high 2474.93, low 2463.86
RSI @ 53.84
CMF @ 0.111
Internals were :
UP volume led by 1.42 to 1 in NYSE & 1.59 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 11 in NYSE & 32 in Nasdaq
VIX Down 2.49% @ 11.74
Oil @ $46.78
Gold @ $1282.90
Stocks which were UP 1% or more included WB BABA OLED
MU VRX TWTR CY GG TECK ABX KGC GG AEM SINA
EXPE FEYE YELP SNAP SHOP SPLK ULTA KBH X
PANW LRCX......
AH ER....VIPS Down 8.02%, LB Down 5.46%
CSCO Down 2.50%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE tried to ignore POTUS remarks and Fed minutes, but in the end it closed barely green. Fed minutes were extremely bullish for the market, as interest rate hike is far far away. Internals were mostly positive but CMF is heading down daily. BABA reports before open, its reaction may set the tone for rest of the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2468.11, high 2474.93, low 2463.86
RSI @ 53.84
CMF @ 0.111
Internals were :
UP volume led by 1.42 to 1 in NYSE & 1.59 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 11 in NYSE & 32 in Nasdaq
VIX Down 2.49% @ 11.74
Oil @ $46.78
Gold @ $1282.90
Stocks which were UP 1% or more included WB BABA OLED
MU VRX TWTR CY GG TECK ABX KGC GG AEM SINA
EXPE FEYE YELP SNAP SHOP SPLK ULTA KBH X
PANW LRCX......
AH ER....VIPS Down 8.02%, LB Down 5.46%
CSCO Down 2.50%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE tried to ignore POTUS remarks and Fed minutes, but in the end it closed barely green. Fed minutes were extremely bullish for the market, as interest rate hike is far far away. Internals were mostly positive but CMF is heading down daily. BABA reports before open, its reaction may set the tone for rest of the day.
BLOG does NOT give buy or sell.
Saleem
Indices UP .20% to .26%....NICE!!!!
Indices are green, Fed minutes shows no interest rate hike, as fed officials are split.
S&P 500 @ 2471.07, high 2474.93, low 2466.70
Internals are positive almost 2 to 1.
Oil Down 67 cents
Gold UP $3.70
Canadian $ UP 85 tick @ .7331
VIX Down 1.33% @ 11.88
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are UP
@ 2.13 following are red :
CTRP FB NVDA SPWR AMZN AMD LVS JKS TK RIG
LNG GS MLNX MS CMG CNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2471.07, high 2474.93, low 2466.70
Internals are positive almost 2 to 1.
Oil Down 67 cents
Gold UP $3.70
Canadian $ UP 85 tick @ .7331
VIX Down 1.33% @ 11.88
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are UP
@ 2.13 following are red :
CTRP FB NVDA SPWR AMZN AMD LVS JKS TK RIG
LNG GS MLNX MS CMG CNX....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 15, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2464.61, low 2461.61, high 2468.90
RSI @ 52.22
CMF @ 0.168
Internals were :
Down volume led by 1.51 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 70 in NYSE & 41 in Nasdaq
VIX Down 2.35% @ 12.04
Oil @ $47.55
Gold @ $1279.70
AH news ....URBN UP 20.81%, MELI UP 11.41%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was flattish most of the day and closed mixed, internals were very weak, after a long time negative reading in most critical internal. Some stocks continues to outperform like BABA, AAPL,SPWR, JKS, FSLR & FB to name a few. Selectivity is becoming very important in stock selection. Wednesday should be positive after today's rest.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2464.61, low 2461.61, high 2468.90
RSI @ 52.22
CMF @ 0.168
Internals were :
Down volume led by 1.51 to 1 in NYSE & 1.17 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 70 in NYSE & 41 in Nasdaq
VIX Down 2.35% @ 12.04
Oil @ $47.55
Gold @ $1279.70
AH news ....URBN UP 20.81%, MELI UP 11.41%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was flattish most of the day and closed mixed, internals were very weak, after a long time negative reading in most critical internal. Some stocks continues to outperform like BABA, AAPL,SPWR, JKS, FSLR & FB to name a few. Selectivity is becoming very important in stock selection. Wednesday should be positive after today's rest.
BLOG does NOT give buy or sell.
Saleem
Indices down .01% to .09%.....
Indices are slightly lower after a strong gain yesterday.
S&P 500 @ 2464.62, low 2461.61, high 2468.90
Internals are negative almost 2 to 1
Oil Down 17 cents
Gold Down $11.90
Canadian $ Down 28 tick @ .7354
VIX Down 2.43% @ 12.03
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are down
@ 12.14 following are green :
FB SPWR BABA BIDU AAPL AMZN LULU
OLED MU VRX AMD BAC JKS CSIQ
EBAY MRVL FSLR WYNN LVS GS
MS SNAP MCD CMG MA V X
PANW LRCX ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2464.62, low 2461.61, high 2468.90
Internals are negative almost 2 to 1
Oil Down 17 cents
Gold Down $11.90
Canadian $ Down 28 tick @ .7354
VIX Down 2.43% @ 12.03
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are down
@ 12.14 following are green :
FB SPWR BABA BIDU AAPL AMZN LULU
OLED MU VRX AMD BAC JKS CSIQ
EBAY MRVL FSLR WYNN LVS GS
MS SNAP MCD CMG MA V X
PANW LRCX ....
BLOG does NOT give buy or sell.
Saleem
Monday, August 14, 2017
Indices closed UP .62% to 1.34%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2465.84, high 2468.22, low 2454.96
RSI @ 52.82
CMF @ 0.216
Internals were :
UP volume led by 2.83 to 1 in NYSE & 3.62 to 1 in Nasdaq
Advancing stocks led by 3.22 to 1 in NYSE & 3.27 to 1 in Nasdaq
Net new 52 wk high were leading by 3 in NYSE & lows by 5 in Nasdaq
VIX Down 20.50% @ 12.33
Oil @ $47.59
Gold @ $1290.40
Stocks which were UP 2% or more MOMO NVDA OCLR SPWR
WB MCHP MU AMD CY BAC JKS QRVO SINA EXPE FNSR FSLR CIEN WYNN DATA SNAP SHOP CRUS SWKS LRCX.....
AH news....YY Down 3.95%...secondary offering 5.75 million ADS
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day, internals were mostly strong. Nasdaq was the star, all FAANG participated except NFLX, which was slammed by Barron's over the weekend. NVDA made up all the losses and added some more gains, a case of hidden agenda of wall street. VIX slumped, which foretells about indices moving higher for confirmation of this strong rebound. Buy the strength.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2465.84, high 2468.22, low 2454.96
RSI @ 52.82
CMF @ 0.216
Internals were :
UP volume led by 2.83 to 1 in NYSE & 3.62 to 1 in Nasdaq
Advancing stocks led by 3.22 to 1 in NYSE & 3.27 to 1 in Nasdaq
Net new 52 wk high were leading by 3 in NYSE & lows by 5 in Nasdaq
VIX Down 20.50% @ 12.33
Oil @ $47.59
Gold @ $1290.40
Stocks which were UP 2% or more MOMO NVDA OCLR SPWR
WB MCHP MU AMD CY BAC JKS QRVO SINA EXPE FNSR FSLR CIEN WYNN DATA SNAP SHOP CRUS SWKS LRCX.....
AH news....YY Down 3.95%...secondary offering 5.75 million ADS
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day, internals were mostly strong. Nasdaq was the star, all FAANG participated except NFLX, which was slammed by Barron's over the weekend. NVDA made up all the losses and added some more gains, a case of hidden agenda of wall street. VIX slumped, which foretells about indices moving higher for confirmation of this strong rebound. Buy the strength.
BLOG does NOT give buy or sell.
Saleem
Indices UP .67% to 1.20%....NICE !!!!
Indices are higher on no new development on North Korea vs US confrontation. Indices are near high of the day.
S&P 500 @ 2466.44, high 2468.22, low 2454.96
Internals are positive by almost 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil Down 57 cents
Gold Down $3.80
Canadian $ Down 12 tick @ .7307
VIX Down 19.99% @ 12.41
In my portfolio Bought CTRP @ $52.96
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are UP
@ 12.06 following are red :
CTRP BIDU NTES GG ABX KGC NFLX CSIQ SU
EBAY AGU TRIP MCD AEM ULTA OPK VRX
CMG CNX.....
BLOG does NOT give buy or sell.
Earlier post due to "nuclear scan" today and tomorrow
for my hyperthyroidism.
Saleem
S&P 500 @ 2466.44, high 2468.22, low 2454.96
Internals are positive by almost 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil Down 57 cents
Gold Down $3.80
Canadian $ Down 12 tick @ .7307
VIX Down 19.99% @ 12.41
In my portfolio Bought CTRP @ $52.96
Portfolio CTRP FB MOMO NVDA OCLR SPWR
Most stocks are UP
@ 12.06 following are red :
CTRP BIDU NTES GG ABX KGC NFLX CSIQ SU
EBAY AGU TRIP MCD AEM ULTA OPK VRX
CMG CNX.....
BLOG does NOT give buy or sell.
Earlier post due to "nuclear scan" today and tomorrow
for my hyperthyroidism.
Saleem
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