Indices closed UP and made new all time highs in S&P 500 & Nasdaq. Internals were strong. Indices closed @ high of the day.
S&P 500 @ 2519.36, high 2519.44, low 2507.99
RSI @ 68.77
CMF @ 0.359
Internals were :
UP volume led by 1.21 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 193 in NYSE & 264 in Nasdaq
VIX Down .42% @ 9.51
Oil @ $51.67
Gold @ $1284.80
Canadian $ @ .7489
Stocks which were UP 1% or more included SQ
ROKU MU NVDA BABA BIDU WUBA LULU
GOOG NTES FB VRX GG LEN SINA EBAY
PCLN RIG YELP WYNN KBH PANW
LRCX.....
In my portfolio ...Sold BZUN @ $32.76
Here is my portfolio weighting :
NFLX 29.07%
AMD 25.55%
AAPL 24.71%
CTRP 13.74%
SQ 6.93%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, September 29, 2017
Thursday, September 28, 2017
Indices closed UP 0.0% to .18%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2510.06, high 2510.81, low 2502.93
RSI @ 65.15
CMF @ 0.336
Internals were :
UP volume led by 1.26 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 139 in NYSE & 196 in Nasdaq
VIX Down 3.24% @ 9.55
Oil @ $51.56
Gold @ $1288.70
Stocks which were UP 1% or more included SQ
MU SNAP FCX KGC LEN RIG CSOD MCD
OPK AAL LRCX.....
AH news...KBH UP 2.48%, TSN UP 6%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE fought its way to close @ high of the day, too much noise from DC about tax package. S&P 500 closed @ new all time high, Russell also @ new all time high, these stat gives lot of hope for a sustained move UP. Internals remain positive.Many sectors are taking lead away from technology, but sooner or later it is the technology stocks which will take all the headlines.There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2510.06, high 2510.81, low 2502.93
RSI @ 65.15
CMF @ 0.336
Internals were :
UP volume led by 1.26 to 1 in NYSE & 1.20 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 139 in NYSE & 196 in Nasdaq
VIX Down 3.24% @ 9.55
Oil @ $51.56
Gold @ $1288.70
Stocks which were UP 1% or more included SQ
MU SNAP FCX KGC LEN RIG CSOD MCD
OPK AAL LRCX.....
AH news...KBH UP 2.48%, TSN UP 6%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE fought its way to close @ high of the day, too much noise from DC about tax package. S&P 500 closed @ new all time high, Russell also @ new all time high, these stat gives lot of hope for a sustained move UP. Internals remain positive.Many sectors are taking lead away from technology, but sooner or later it is the technology stocks which will take all the headlines.There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Indices UP .01% to .22%...NICE !!!!
Indices are UP after being down earlier.Indices are @ high of the day.
S&P 500 @ 2510.36, high 2510.81, low 2502.93
Internals are positive.
Oil Down 64 cents
Gold UP $1.70
Canadian $ UP 52 tick @ .7580
VIX Down 1.11% @ 9.76
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are UP
@ 2.23 following are red :
AAPL BZUN NFLX SHOP NVDA BABA TSLA NTES JD
WB MOMO VRX SBUX JKS SINA PCLN TK FSLR
TRIP DATA SWKS KORS CNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2510.36, high 2510.81, low 2502.93
Internals are positive.
Oil Down 64 cents
Gold UP $1.70
Canadian $ UP 52 tick @ .7580
VIX Down 1.11% @ 9.76
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are UP
@ 2.23 following are red :
AAPL BZUN NFLX SHOP NVDA BABA TSLA NTES JD
WB MOMO VRX SBUX JKS SINA PCLN TK FSLR
TRIP DATA SWKS KORS CNX......
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 27, 2017
Indices closed UP .25% to 1.15%....NICE !!!!
Indices closed UP.
S&P 500 @ 2507.04, high 2511.75, low 2495.91
RSI @ 63.89
CMF @ 0.328
Internals were :
UP volume led by 1.55 to 1 in NYSE & 2.99 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 2.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 192 in NYSE & 269 in Nasdaq
VIX Down 2.95% @ 9.87
Oil @ $52.14
Gold @ $1287.80
Stocks which were UP 2% or more included AMD
SHOP NVDA BABA WUBA GOOG FNSR FB
OCLR MU VRX TWTR BAC JKS QRVO X
CSIQ FFIV YELP CIEN GS MLNX DATA
CSOD CRUS ULTA SWKS KORS
LRCX......
AH ER...AAAP UP 9.61%, PIR Down 8.44%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed green but Nasdaq strength was the real story, FANG, Financials and other strong technology stocks closed near their highs. Tax reform seems to be the catalyst. Recently TAPE is trying to digest many things, before it can move decisively higher. Internals were strong in Nasdaq which is a very good thing.We need another good day to feel better about this new upswing.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2507.04, high 2511.75, low 2495.91
RSI @ 63.89
CMF @ 0.328
Internals were :
UP volume led by 1.55 to 1 in NYSE & 2.99 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 2.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 192 in NYSE & 269 in Nasdaq
VIX Down 2.95% @ 9.87
Oil @ $52.14
Gold @ $1287.80
Stocks which were UP 2% or more included AMD
SHOP NVDA BABA WUBA GOOG FNSR FB
OCLR MU VRX TWTR BAC JKS QRVO X
CSIQ FFIV YELP CIEN GS MLNX DATA
CSOD CRUS ULTA SWKS KORS
LRCX......
AH ER...AAAP UP 9.61%, PIR Down 8.44%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE closed green but Nasdaq strength was the real story, FANG, Financials and other strong technology stocks closed near their highs. Tax reform seems to be the catalyst. Recently TAPE is trying to digest many things, before it can move decisively higher. Internals were strong in Nasdaq which is a very good thing.We need another good day to feel better about this new upswing.
BLOG does NOT give buy or sell.
Saleem
Indices UP .08% to .94%....NICE !!!!
Indices are higher on optimism about tax reform.
S&P 500 @ 2502.86, high 2507.60, low 2495.91
Internals are positive with more than 2 to 1 in Nasdaq
Oil UP 15 cents
Gold Down $13.20
Canadian $ Down 91 tick @ .7564
VIX Down 1.28% @ 10.04
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are UP
@ 1.56 following are red :
BZUN NTES JD GG ABX KGC UA LNG AEM
NKE OPK CMG AAL.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2502.86, high 2507.60, low 2495.91
Internals are positive with more than 2 to 1 in Nasdaq
Oil UP 15 cents
Gold Down $13.20
Canadian $ Down 91 tick @ .7564
VIX Down 1.28% @ 10.04
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are UP
@ 1.56 following are red :
BZUN NTES JD GG ABX KGC UA LNG AEM
NKE OPK CMG AAL.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 26, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2496.84, high 2503.51, low 2495.12
RSI @ 59.26
CMF @ 0.340
Internals were :
UP volume led by 1.08 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 136 in NYSE & 126 in Nasdaq
VIX Down .39% @ 10.17
Oil @ $51.88
Gold @ $1301.70
Stocks which were UP 1% or more included AAPL
WUBA LULU WB SNAP SPWR LVS WYNN
JKS COH LEN SINA RIG CIEN KORS X
KBH OPK PANW CNX.....
AH ER...MU UP 3.72%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE tried to show strength @ open but faded very quickly, most of the gains became losses, by close we crawled to mixed picture. Internals were positive. Only select Nasdaq stocks looked strong by close. TAPE is digesting issues internally and externally. US economic picture is mixed @ best. Strategic buying in high comfort stocks can be productive.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2496.84, high 2503.51, low 2495.12
RSI @ 59.26
CMF @ 0.340
Internals were :
UP volume led by 1.08 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by 1.30 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 136 in NYSE & 126 in Nasdaq
VIX Down .39% @ 10.17
Oil @ $51.88
Gold @ $1301.70
Stocks which were UP 1% or more included AAPL
WUBA LULU WB SNAP SPWR LVS WYNN
JKS COH LEN SINA RIG CIEN KORS X
KBH OPK PANW CNX.....
AH ER...MU UP 3.72%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE tried to show strength @ open but faded very quickly, most of the gains became losses, by close we crawled to mixed picture. Internals were positive. Only select Nasdaq stocks looked strong by close. TAPE is digesting issues internally and externally. US economic picture is mixed @ best. Strategic buying in high comfort stocks can be productive.
BLOG does NOT give buy or sell.
Saleem
Indices UP .06% to .44%....NICE !!!!
Indices are higher after Fed chief assured gradual hike in interest rates, they also confessed to wrong assumption in terms of employment and inflation.
S&P 500 @ 2501.36, high 2503.51, low 2495.12
Internals are positive.
Oil Down 31 cents
Gold Down $9.10
Canadian $ UP 35 tick @ .7666
VIX Down .69% @ 10.14
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are UP
@ 2.01 following are red :
AMD BZUN CTRP SHOP BABA MCHP NTES JD
MOMO ABX QRVO DNKN LNG FSR TWTR
AGU MA MS MCD AEM SPLK GG AAL..
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2501.36, high 2503.51, low 2495.12
Internals are positive.
Oil Down 31 cents
Gold Down $9.10
Canadian $ UP 35 tick @ .7666
VIX Down .69% @ 10.14
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are UP
@ 2.01 following are red :
AMD BZUN CTRP SHOP BABA MCHP NTES JD
MOMO ABX QRVO DNKN LNG FSR TWTR
AGU MA MS MCD AEM SPLK GG AAL..
BLOG does NOT give buy or sell.
Saleem
Monday, September 25, 2017
Indices closed down .22% to .88%.....
Indices closed down.
S&P 500 @ 2496.66, low 2488.03, high 2502.54
RSI @ 59.18
CMF @ 0.372
Internals were :
UP volume led by 1.39 to 1 in NYSE & .73 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & .79 to 1 in Nasdaq
Net new 52 wk highs were leading by 126 in NYSE & 85 in Nasdaq
VIX UP 6.47% @ 10.21
Oil @ $52.22
Gold @ $1311.50
AH ER...RHT UP 3.35%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was in selling mode thanks to US North Korea "sabre rattling"...when this war of words will end nobody knows. In the meantime High Frequency Traders have shifted their risk to low beta stocks and drowned high beta in biggest slump in a long time. Nasdaq suffered the most whole day and went below 50 DMA intraday, but closed slightly above. Patience and conviction is tested in times like these.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2496.66, low 2488.03, high 2502.54
RSI @ 59.18
CMF @ 0.372
Internals were :
UP volume led by 1.39 to 1 in NYSE & .73 to 1 in Nasdaq
Advancing stocks led by 1.29 to 1 in NYSE & .79 to 1 in Nasdaq
Net new 52 wk highs were leading by 126 in NYSE & 85 in Nasdaq
VIX UP 6.47% @ 10.21
Oil @ $52.22
Gold @ $1311.50
AH ER...RHT UP 3.35%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was in selling mode thanks to US North Korea "sabre rattling"...when this war of words will end nobody knows. In the meantime High Frequency Traders have shifted their risk to low beta stocks and drowned high beta in biggest slump in a long time. Nasdaq suffered the most whole day and went below 50 DMA intraday, but closed slightly above. Patience and conviction is tested in times like these.
BLOG does NOT give buy or sell.
Saleem
Indices down .27% to 1.05%....
Indices are lower on North Korea's declaration of war statement.
S&P 500 @ 2493.61, low 2488.03, high 2502.54
Internals are positive in NYSE & negative in Nasdaq
Oil UP $1.50
Gold UP $15.20
Canadian $ Down 19 tick @ .7645
VIX UP 10.95% @ 10.64...high today 11.21
In my portfolio ;
Sold JD @ $40.86
Bought BZUN @ $33.93
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are down
@ 2.28 PM following are green :
CNQ VRX GG UA ABX KGC SU CHK TK RIG LNG
MLNX MGA AEM NKE KBH OPK CMG AAL
M CNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2493.61, low 2488.03, high 2502.54
Internals are positive in NYSE & negative in Nasdaq
Oil UP $1.50
Gold UP $15.20
Canadian $ Down 19 tick @ .7645
VIX UP 10.95% @ 10.64...high today 11.21
In my portfolio ;
Sold JD @ $40.86
Bought BZUN @ $33.93
Portfolio AMD AAPL BZUN CTRP NFLX SQ
Most stocks are down
@ 2.28 PM following are green :
CNQ VRX GG UA ABX KGC SU CHK TK RIG LNG
MLNX MGA AEM NKE KBH OPK CMG AAL
M CNX......
BLOG does NOT give buy or sell.
Saleem
Sunday, September 24, 2017
Indices ready to make new all time highs....
Despite North Korea, Fed, non-repeal of Obamacare & NFL controversy, we are all set to make new all time highs in indices.
Here is the RSI picture of strongest and weakest sector / index :
XLE 77.13
RUT 71.25
DOW 67.49
S&P 500 62.98
SOX 62.97
TAN 56.46
Nasdaq 55.57
GLD 45.18
I am sure most of you are surprised by the most strongest sector, which is energy.
Another surprise is that Nasdaq is the 2nd weakest sector.
Russell is 2nd most in terms of strength.
The above list reflects changes / rotation in this market.
Nasdaq weakness and weakness in many Chinese stocks are an opportunity to buy before they take off.
FANG weakness is known to everyone.
Rotation and strategic buying has been the right approach.
VIX is near 52 wk low and may go to new all time low very soon, this reflects current buying momentum and changes in investment strategies, namely rotation buying.
VIX near all time low and Nasdaq being the weakest, has never happened before in my memory.
Fed is moving very gradually with $10 billion to gradually moving to $50 billion in unwinding their MBS. This will not disrupt interest rates in the market place.
SO....all is set for a spirited buying in indices and stocks.
We may be starting a "new bull run ".....
Good luck with your own take of current market.
BLOG does NOT give buy or sell.
Saleem
Here is the RSI picture of strongest and weakest sector / index :
XLE 77.13
RUT 71.25
DOW 67.49
S&P 500 62.98
SOX 62.97
TAN 56.46
Nasdaq 55.57
GLD 45.18
I am sure most of you are surprised by the most strongest sector, which is energy.
Another surprise is that Nasdaq is the 2nd weakest sector.
Russell is 2nd most in terms of strength.
The above list reflects changes / rotation in this market.
Nasdaq weakness and weakness in many Chinese stocks are an opportunity to buy before they take off.
FANG weakness is known to everyone.
Rotation and strategic buying has been the right approach.
VIX is near 52 wk low and may go to new all time low very soon, this reflects current buying momentum and changes in investment strategies, namely rotation buying.
VIX near all time low and Nasdaq being the weakest, has never happened before in my memory.
Fed is moving very gradually with $10 billion to gradually moving to $50 billion in unwinding their MBS. This will not disrupt interest rates in the market place.
SO....all is set for a spirited buying in indices and stocks.
We may be starting a "new bull run ".....
Good luck with your own take of current market.
BLOG does NOT give buy or sell.
Saleem
Friday, September 22, 2017
Indices closed mixed....
Indices closed mixed with Dow being down @ close. Oil stayed up on OPEC meeting. Indices behaved extremely well considering rhetoric from North Korea, US maintained a diplomatic solution to this issue.
S&P 500 @ 2502.22, high 2503.47, low 2496.54
RSI @ 62.98
CMF @ 0.333
Internals were :
UP volume led by 1.72 to 1 in NYSE & 1.23 to 1 in Nasdaq
Advancing stocks led by 1.82 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk highs were leading by 143 in NYSE & 100 in Nasdaq
VIX Down .83% @ 9.59
Oil @ $50.66
Gold @ $1297.50
Canadian $ @ .7694
Stocks which were UP 1% or more included SQ
MCHP SPWR FSLR CSIQGG AEM EXPE
FFIV CHK RIG MLNX SPLK OPK
AAL M LRCX CNX.....
Here is my portfolio weighting :
NFLX 25.67%
AMD 22.78%
AAPL 20.81%
JD 13.06%
CTRP 11.78%
SQ 5.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2502.22, high 2503.47, low 2496.54
RSI @ 62.98
CMF @ 0.333
Internals were :
UP volume led by 1.72 to 1 in NYSE & 1.23 to 1 in Nasdaq
Advancing stocks led by 1.82 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk highs were leading by 143 in NYSE & 100 in Nasdaq
VIX Down .83% @ 9.59
Oil @ $50.66
Gold @ $1297.50
Canadian $ @ .7694
Stocks which were UP 1% or more included SQ
MCHP SPWR FSLR CSIQGG AEM EXPE
FFIV CHK RIG MLNX SPLK OPK
AAL M LRCX CNX.....
Here is my portfolio weighting :
NFLX 25.67%
AMD 22.78%
AAPL 20.81%
JD 13.06%
CTRP 11.78%
SQ 5.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, September 21, 2017
Indices closed down .24% to .52%.....
Indices closed down.
S&P 500 @ 2500.60, low 2499.00, high 2507.16
RSI @ 62.32
CMF @ 0.278
Internals were :
Down volume led by 1.43 to 1 in NYSE & 1.98 to 1 in Nasdaq
Declining stocks led by 1.35 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & 89 in Nasdaq
VIX Down 1.12% @ 9.67
Oil @ $50.55
Gold @ $1294.80
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed down @ low of the day, stocks were overbought which is reflected in VIX which came near 52 wk low of 8.84. North Korea is threatening detonation of nuclear bomb in pacific ocean ( translation near Guam ), this is a serious escalation of "rhetoric" and may escalate further in action. There is only a closing BLOG on Friday's by 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2500.60, low 2499.00, high 2507.16
RSI @ 62.32
CMF @ 0.278
Internals were :
Down volume led by 1.43 to 1 in NYSE & 1.98 to 1 in Nasdaq
Declining stocks led by 1.35 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 128 in NYSE & 89 in Nasdaq
VIX Down 1.12% @ 9.67
Oil @ $50.55
Gold @ $1294.80
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed down @ low of the day, stocks were overbought which is reflected in VIX which came near 52 wk low of 8.84. North Korea is threatening detonation of nuclear bomb in pacific ocean ( translation near Guam ), this is a serious escalation of "rhetoric" and may escalate further in action. There is only a closing BLOG on Friday's by 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .15% to .24%.....
Indices are lower on overbought condition.Indices are near high of the day.
S&P 500 @ 2504.38, low 2499.00, high 2507.16
Internals are mostly negative.
Oil Down 13 cents
Gold Down $21.20
Canadian $ Down 19 tick @ .7662
VIX Down 1.02% @ 9.68
Portfolio AMD AAPL CTRP JD NFLX SQ
Most stocks are lower.
@ 2.10 following are green :
NFLX SHOP BIDU MCHP GOOG MOMO VRX SWIR
CNQ V COH LEN QRVO YUM FFIV GS AGU TRIP
MLNX DATA MGA DATA MS OPK CMG AAL....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2504.38, low 2499.00, high 2507.16
Internals are mostly negative.
Oil Down 13 cents
Gold Down $21.20
Canadian $ Down 19 tick @ .7662
VIX Down 1.02% @ 9.68
Portfolio AMD AAPL CTRP JD NFLX SQ
Most stocks are lower.
@ 2.10 following are green :
NFLX SHOP BIDU MCHP GOOG MOMO VRX SWIR
CNQ V COH LEN QRVO YUM FFIV GS AGU TRIP
MLNX DATA MGA DATA MS OPK CMG AAL....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 20, 2017
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2508.24, high 2508.85, low 2496.67
RSI @ 67.55
CMF @ 0.295
Internals were :
UP volume led by 1.41 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by 1.26 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 184 in NYSE & 167 in Nasdaq
VIX Down 3.93% @ 9.78
Oil @ $50.41
Gold @ $1316.40
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Unchanged
AH Gold Down
About market, TAPE closed mixed with Nasdaq down, Dow & S&P 500 made another new all time close.Internals were positive. AMD traded 102 million share vs average of 71 million on design win from TSLA for AI chip, AMD was UP 11%+ today. NVDA was down 4.3% on average volume.Fed statement and Q&A placed the market where it was before 2 PM, Fed managed balance sheet reversal with clarity and comforted the market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2508.24, high 2508.85, low 2496.67
RSI @ 67.55
CMF @ 0.295
Internals were :
UP volume led by 1.41 to 1 in NYSE & 1.15 to 1 in Nasdaq
Advancing stocks led by 1.26 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 184 in NYSE & 167 in Nasdaq
VIX Down 3.93% @ 9.78
Oil @ $50.41
Gold @ $1316.40
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Unchanged
AH Gold Down
About market, TAPE closed mixed with Nasdaq down, Dow & S&P 500 made another new all time close.Internals were positive. AMD traded 102 million share vs average of 71 million on design win from TSLA for AI chip, AMD was UP 11%+ today. NVDA was down 4.3% on average volume.Fed statement and Q&A placed the market where it was before 2 PM, Fed managed balance sheet reversal with clarity and comforted the market.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed after Fed decision to leave rates unchanged, balance sheet reversal starts in October.
S&P 500 @ 2503.28, low 2501.81, high 2508.85
Internals are negative
Oil UP $1.01
Gold Down 70 cents
Canadian $ Down 34 tick @ .7678
VIX Down .08% @ 10.09
In my portfolio Added 15% AMD @ $12.90
Portfolio AMD AAPL CTRP JD NFLX SQ
Most stocks are down
@ 2.20 following are UP :
CTRP GOOG VRX CNQ BAC SBUX DNKN EXPE
SU YUM CHK RIG GS TRIP MGA MS MCD
OPK CMG AAL CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2503.28, low 2501.81, high 2508.85
Internals are negative
Oil UP $1.01
Gold Down 70 cents
Canadian $ Down 34 tick @ .7678
VIX Down .08% @ 10.09
In my portfolio Added 15% AMD @ $12.90
Portfolio AMD AAPL CTRP JD NFLX SQ
Most stocks are down
@ 2.20 following are UP :
CTRP GOOG VRX CNQ BAC SBUX DNKN EXPE
SU YUM CHK RIG GS TRIP MGA MS MCD
OPK CMG AAL CNX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 19, 2017
Indices closed UP.10% to .18%....NICE !!!!
Indices closed UP.
S&P 500 @ 2506.65, high 2507.84, low 2503.19
RSI @ 67.02
CMF @ 0.282
Internals were :
UP volume led by 1.11 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.12 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 173 in Nasdaq
VIX UP .30% @ 10.18
Oil @ $49.48
Gold @ $1310.60
Stocks which closed green included NFLX
SHOP GOOG FB OLED MU TWTR
CNQ TECK FCX BAC LVS V MA
PCLN WB LNG YELP WYNN
GS CRUS KORS FSLR CMG.....
In my portfolio :
Sold MOMO @ $36.09 in AH
Bought AAPL @ $158.43 in AH
AH ER...BBBY Down 12,76%, ADBE Down 3.32%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its move UP in record territory in Dow & S&P 500 where it notched another all time high. Internals were positive. Its all about Fed statement @ 2 PM, handicapping Fed statement has not helped many, they will make a very gradual move into any future changes with plenty of notice, which should help positive sentiment in markets.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2506.65, high 2507.84, low 2503.19
RSI @ 67.02
CMF @ 0.282
Internals were :
UP volume led by 1.11 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.12 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 173 in Nasdaq
VIX UP .30% @ 10.18
Oil @ $49.48
Gold @ $1310.60
Stocks which closed green included NFLX
SHOP GOOG FB OLED MU TWTR
CNQ TECK FCX BAC LVS V MA
PCLN WB LNG YELP WYNN
GS CRUS KORS FSLR CMG.....
In my portfolio :
Sold MOMO @ $36.09 in AH
Bought AAPL @ $158.43 in AH
AH ER...BBBY Down 12,76%, ADBE Down 3.32%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continued its move UP in record territory in Dow & S&P 500 where it notched another all time high. Internals were positive. Its all about Fed statement @ 2 PM, handicapping Fed statement has not helped many, they will make a very gradual move into any future changes with plenty of notice, which should help positive sentiment in markets.
BLOG does NOT give buy or sell.
Saleem
Indices UP .12% to .24%....NICE !!!!
Indices are higher. Dow & S&P 500 @ new all time high, indices are @ high of the day.
S&P 500 @ 2506.85, high 2507.84, low 2503.19
Internals are positive.
Oil Down 43 cents
Gold UP 89 cents
Canadian $ UP 22 tick @ .7734
VIX Down .49% @ 10.10
Portfolio AMD CTRP JD MOMO NFLX SQ
Most stocks are UP.
@ 2.15 following are red :
CTRP JD MOMO SQ BZUN BIDU LULU TSLA
AMZN NTES UA EXPE WB ULTA CMG AAL
M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2506.85, high 2507.84, low 2503.19
Internals are positive.
Oil Down 43 cents
Gold UP 89 cents
Canadian $ UP 22 tick @ .7734
VIX Down .49% @ 10.10
Portfolio AMD CTRP JD MOMO NFLX SQ
Most stocks are UP.
@ 2.15 following are red :
CTRP JD MOMO SQ BZUN BIDU LULU TSLA
AMZN NTES UA EXPE WB ULTA CMG AAL
M.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 18, 2017
Indices closed UP .10% to .28%....NICE !!!!
Indices closed UP.
S&P 500 @ 2503.87, high 2508.32, low 2499.92
RSI @ 66.11
CMF @ 0.289
Internals were :
UP volume led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 153 in NYSE & 223 in Nasdaq
VIX Down .20% @ 10.15
Oil @ $49.91
Gold @ $1310.80
Stocks which were UP 1% or more included AMD CTRP NFLX
NVDA SHOP BZUN BABA BIDU TSLA MCHP FNSR BAC
NTES OCLR OLED TECK FCX DNKN CHK TK MU GS
CIEN AGU DATA MS SPLK ULTA X LRCX CNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong with Dow & S&P 500 making new all time high, Nasdaq faded by close. Internals were positive. There is rotation going on and many are taking advantage by booking gains and jumping on ready to move again ideas, i did that with NVDA / NFLX swap.I am not the only one doing that based on fade in some stocks. In a rotating market, you can compound your return by making timely swap. Wednesday @ 2 PM, Fed will give its take on economy, interest rate direction and unwinding of its balance sheet.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2503.87, high 2508.32, low 2499.92
RSI @ 66.11
CMF @ 0.289
Internals were :
UP volume led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 153 in NYSE & 223 in Nasdaq
VIX Down .20% @ 10.15
Oil @ $49.91
Gold @ $1310.80
Stocks which were UP 1% or more included AMD CTRP NFLX
NVDA SHOP BZUN BABA BIDU TSLA MCHP FNSR BAC
NTES OCLR OLED TECK FCX DNKN CHK TK MU GS
CIEN AGU DATA MS SPLK ULTA X LRCX CNX.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong with Dow & S&P 500 making new all time high, Nasdaq faded by close. Internals were positive. There is rotation going on and many are taking advantage by booking gains and jumping on ready to move again ideas, i did that with NVDA / NFLX swap.I am not the only one doing that based on fade in some stocks. In a rotating market, you can compound your return by making timely swap. Wednesday @ 2 PM, Fed will give its take on economy, interest rate direction and unwinding of its balance sheet.
BLOG does NOT give buy or sell.
Saleem
Indices UP .14% to .32%....NICE !!!!
Indices are higher on hope for peaceful resolution of North Korean conflict. Indices are @ low of the day.
S&P 500 @ 2501.41, high 2508.32, low 2500.90
Internals are positive by almost 2 to 1
Oil UP 5 cents
Gold Down $15.80
Canadian $ Down 1.26 cent @ .7682
VIX unchanged @ 10.17
In my portfolio :
Sold NVDA @ $186.50
Bought NFLX @ $184.00
Added 100% SQ @ $28.80
Portfolio AMD CTRP JD MOMO NFLX SQ
Most stocks are UP
@ 2.25 following are red :
AAPL WUBA LULU GOOG AMZN FB SNAP VRX
TWTR CNQ GG UA ABX KGC JKS COH QRVO
CSIQ SINA EXPE SU WB FSLR TRIP ORCL
MGA AEM CRUS SWKS KORS NKE M
AAL CMG.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2501.41, high 2508.32, low 2500.90
Internals are positive by almost 2 to 1
Oil UP 5 cents
Gold Down $15.80
Canadian $ Down 1.26 cent @ .7682
VIX unchanged @ 10.17
In my portfolio :
Sold NVDA @ $186.50
Bought NFLX @ $184.00
Added 100% SQ @ $28.80
Portfolio AMD CTRP JD MOMO NFLX SQ
Most stocks are UP
@ 2.25 following are red :
AAPL WUBA LULU GOOG AMZN FB SNAP VRX
TWTR CNQ GG UA ABX KGC JKS COH QRVO
CSIQ SINA EXPE SU WB FSLR TRIP ORCL
MGA AEM CRUS SWKS KORS NKE M
AAL CMG.....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 17, 2017
Where are major indices heading to ?
US stock market had to face many challenges like North Korea, delay in tax reform, far right debate , Russian probe and ever confusing twitter happy President......
BUT..... its 9 months later and everyone has evaluated all of the above issues....and nobody is too worried about any of the above.....
Conclusion is, that sooner or later everything will fall in place.....
Even Wall Street have discounted all the confusion which exists in all steps.......
In the end, it is concluded that, it is a pro business / pro growth environment......
Most indices are in new high territory..... a solid statement of fact......
Now that 9 months are over....a new President is very much understood by all player...not everything is to be taken seriously or is factual..... a departure from past or history....
SO...after all that is said and done, where do we go from here in markets......
What is lost in all confusing translation....that wall street is looking ahead 6 months.....it likes what it sees.......
By 1st Q of 2018......most of the above mentioned issues are in rear view........
In the same time frame of next 6 months, we could easily be UP minimum 8% to 10%++++
Here is what i think where major indices are headed :
DOW UP 8%
S&P 500 UP 8%
Nasdaq UP 10.11%
Dow @ 24049
S&P 500 @ 2700
Nasdaq @ 7100
Based on the above anticipated moves.....it is important to show conviction and patience.
Indices do go through hiccups every so often, by dipping quick 3% from high to low....part of trading pattern of high speed computers in use by hedge funds.....
Which stocks will benefit in this environment....all stocks which have made new all time highs or about to make new highs.......
Most technology, Chinese growth stocks and financials are the key sectors, which will drive next 8% to 10% move ......
Thinking long term is a very good investment strategy.
Good luck with your own ideas and comfort level.
BLOG does NOT give buy or sell.
Saleem
BUT..... its 9 months later and everyone has evaluated all of the above issues....and nobody is too worried about any of the above.....
Conclusion is, that sooner or later everything will fall in place.....
Even Wall Street have discounted all the confusion which exists in all steps.......
In the end, it is concluded that, it is a pro business / pro growth environment......
Most indices are in new high territory..... a solid statement of fact......
Now that 9 months are over....a new President is very much understood by all player...not everything is to be taken seriously or is factual..... a departure from past or history....
SO...after all that is said and done, where do we go from here in markets......
What is lost in all confusing translation....that wall street is looking ahead 6 months.....it likes what it sees.......
By 1st Q of 2018......most of the above mentioned issues are in rear view........
In the same time frame of next 6 months, we could easily be UP minimum 8% to 10%++++
Here is what i think where major indices are headed :
DOW UP 8%
S&P 500 UP 8%
Nasdaq UP 10.11%
Dow @ 24049
S&P 500 @ 2700
Nasdaq @ 7100
Based on the above anticipated moves.....it is important to show conviction and patience.
Indices do go through hiccups every so often, by dipping quick 3% from high to low....part of trading pattern of high speed computers in use by hedge funds.....
Which stocks will benefit in this environment....all stocks which have made new all time highs or about to make new highs.......
Most technology, Chinese growth stocks and financials are the key sectors, which will drive next 8% to 10% move ......
Thinking long term is a very good investment strategy.
Good luck with your own ideas and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, September 15, 2017
Indices closed UP .18% to .30%....NICE !!!!
Indices closed UP on high volume.Dow & S&P 500 closed @ all time high, Nasdaq made a new all time high intraday but closed well below.
S&P 500 @ 2500.23, high 2500.23, low 2493.16
RSI @ 64.94
CMF @ 0.264
Internals were :
UP volume led by 1.44 to 1 in NYSE & 2.13 to 1 in Nasdaq
Advancing stocks led by 1.74 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 106 in NYSE & 114 in Nasdaq
VIX Down 2.59% @ 10.17
Oil @ $49.89
Gold @ $1325.20
Canadian $ @ .7817
Stocks which were UP 1% or more included AMD NVDA
AAPL BZUN FNSR OCLR SNAP SWIR QRVO DNKN
FEYE YELP CIEN AGU TRIP MGA CSOD CRUS
SWKS KORS FSLR M.......
Bought SQ @ $28.34
Here is my portfolio weighting :
NVDA 28.90%
MOMO 26.08%
AMD 15.40%
JD 14.41%
CTRP 12.15%
SQ 3.06%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2500.23, high 2500.23, low 2493.16
RSI @ 64.94
CMF @ 0.264
Internals were :
UP volume led by 1.44 to 1 in NYSE & 2.13 to 1 in Nasdaq
Advancing stocks led by 1.74 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 106 in NYSE & 114 in Nasdaq
VIX Down 2.59% @ 10.17
Oil @ $49.89
Gold @ $1325.20
Canadian $ @ .7817
Stocks which were UP 1% or more included AMD NVDA
AAPL BZUN FNSR OCLR SNAP SWIR QRVO DNKN
FEYE YELP CIEN AGU TRIP MGA CSOD CRUS
SWKS KORS FSLR M.......
Bought SQ @ $28.34
Here is my portfolio weighting :
NVDA 28.90%
MOMO 26.08%
AMD 15.40%
JD 14.41%
CTRP 12.15%
SQ 3.06%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, September 14, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2495.62, low 2491.35, high 2498.43
RSI @ 63.45
CMF @ 0.134
Internals were :
UP volume led by 1.03 to 1 in NYSE & .75 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & .83 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 104 in Nasdaq
VIX Down .57% @ 10.44
Oil @ $49.89
Gold @ $1329.30
AH news...ORCL Down 4.49%, TWLO Down 4.32%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP.
About market, TAPE was mixed @ close, Dow finally made a new all time high on absolute and closing basis. Nasdaq missed it again by hair. Inflation fear and its impact on fed raising interest rate kept the market worried whole day. Internals were mixed. AH we have familiar North Korea firing missile over Japan into sea, it should be ignored by market, as there is no surprise about 1200 mile range of this missile.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2495.62, low 2491.35, high 2498.43
RSI @ 63.45
CMF @ 0.134
Internals were :
UP volume led by 1.03 to 1 in NYSE & .75 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & .83 to 1 in Nasdaq
Net new 52 wk highs were leading by 90 in NYSE & 104 in Nasdaq
VIX Down .57% @ 10.44
Oil @ $49.89
Gold @ $1329.30
AH news...ORCL Down 4.49%, TWLO Down 4.32%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP.
About market, TAPE was mixed @ close, Dow finally made a new all time high on absolute and closing basis. Nasdaq missed it again by hair. Inflation fear and its impact on fed raising interest rate kept the market worried whole day. Internals were mixed. AH we have familiar North Korea firing missile over Japan into sea, it should be ignored by market, as there is no surprise about 1200 mile range of this missile.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after record close for 2 days. Dow made a new all time high today.Indices are above lows and near high of the day.
S&P 500 @ 2497.04, low 2491.35, high 2498.43
Internals are positive in NYSE & negative in Nasdaq
Oil UP 38 cents
Gold UP $3.40
Canadian $ Down 16 tick @ .7813
VIX Down .57% @ 10.44
Portfolio AMD CTRP JD MOMO NVDA
Most stocks are down
@ 2.54 following are green :
AMD JD NVDA BIDU WUBA MCHP TSLA WB
SPWR MU CNQ V KGC MA JKS QRVO CSIQ
SINA SU CHK LNG FEYE FSLR AGU MGA
CSOD SHOP CRUS SPLK KORS LRCX
CNX.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2497.04, low 2491.35, high 2498.43
Internals are positive in NYSE & negative in Nasdaq
Oil UP 38 cents
Gold UP $3.40
Canadian $ Down 16 tick @ .7813
VIX Down .57% @ 10.44
Portfolio AMD CTRP JD MOMO NVDA
Most stocks are down
@ 2.54 following are green :
AMD JD NVDA BIDU WUBA MCHP TSLA WB
SPWR MU CNQ V KGC MA JKS QRVO CSIQ
SINA SU CHK LNG FEYE FSLR AGU MGA
CSOD SHOP CRUS SPLK KORS LRCX
CNX.......
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 13, 2017
Indices Closed UP .08% to .18%....NICE !!!!
Indices closed UP.
S&P 500 @ 2498.37, high 2498.37, low 2492.14
RSI @ 64.98
CMF @ 0.112
Internals were :
UP volume led by 1.57 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & 114 in Nasdaq
VIX Down .76% @ 10.50
Oil @ $49.30
Gold @ $1328.00
Stocks which were UP 1% or more included CTRP JD
BZUN BABA WUBA AMZN OCLR CNQ BAC UA
SBUX JKS COH CHK TK RIG FEYE MS OPK
AAL M.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed @ absolute high of the day and made another all time high on a closing basis.It is important to note that, we have not made a new all time high in Nasdaq which is 6460.84, we closed today @ 6460.19, In Dow also, we have not crossed all time high of 22,200, we closed today @ 22,158.18. Only S&P 500 made a new all time high and also closed @ new all time high. Internals were positive on renewed hope of tax reform.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2498.37, high 2498.37, low 2492.14
RSI @ 64.98
CMF @ 0.112
Internals were :
UP volume led by 1.57 to 1 in NYSE & 1.12 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & 114 in Nasdaq
VIX Down .76% @ 10.50
Oil @ $49.30
Gold @ $1328.00
Stocks which were UP 1% or more included CTRP JD
BZUN BABA WUBA AMZN OCLR CNQ BAC UA
SBUX JKS COH CHK TK RIG FEYE MS OPK
AAL M.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed @ absolute high of the day and made another all time high on a closing basis.It is important to note that, we have not made a new all time high in Nasdaq which is 6460.84, we closed today @ 6460.19, In Dow also, we have not crossed all time high of 22,200, we closed today @ 22,158.18. Only S&P 500 made a new all time high and also closed @ new all time high. Internals were positive on renewed hope of tax reform.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on higher oil. Indices are @ high of the day.
S&P 500 @ 2496.38, low 2492.14, high 2497.22
Internals are positive
Oil UP $1.06
Gold Down $5.20
Canadian $ Down 13 tick @ .7805
VIX Down .19% @ 10.56
Portfolio AMD CTRP JD MOMO NVDA
Most stocks are UP
@ 2.22 following are red :
MOMO NFLX BIDU LULU AAPL NTES WB VRX
SWIR GG TECK FCX V MA ABX LEN FFIV
PCLN YELP FSLR WYNN TRIP SHOP
AEM ULTA KBH......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2496.38, low 2492.14, high 2497.22
Internals are positive
Oil UP $1.06
Gold Down $5.20
Canadian $ Down 13 tick @ .7805
VIX Down .19% @ 10.56
Portfolio AMD CTRP JD MOMO NVDA
Most stocks are UP
@ 2.22 following are red :
MOMO NFLX BIDU LULU AAPL NTES WB VRX
SWIR GG TECK FCX V MA ABX LEN FFIV
PCLN YELP FSLR WYNN TRIP SHOP
AEM ULTA KBH......
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 12, 2017
Indices closed UP .28% to .34%....NICE !!!!
Indices closed UP.
S&P @ 2496.48, high 2496.77, low 2490.37
RSI @ 64.43
CMF @ 0.051
Internals were :
UP volume led by 2.60 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.71 to 1 in NYSE & 1.70 to 1 in Nasdaq
VIX Down 1.40% @ 10.58
Oil @ $48.23
Gold @ $1332.70
Stocks which were UP 1% or more included JD NFLX
BZUN BIDU FNSR MU VRX SWIR TWTR BAC
KGC COH SINA CHK RIG CIEN GS DATA
MS SHOP CMG M LRCX CNX......
In my portfolio :
Sold NFLX @ $184.10
Bought JD @ $43.30
AH news....JWN UP 9.88%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continued its record run with S&P 500 and Nasdaq making a new all time high. Strong stocks kept going UP. Internals were positive all around. AAPL presentation had only 1 surprise iphone X is not available until November with a price tag of $999. Tax reform is coming before end of year but effective Jan 1, that gave boost to indices. Dow is all set to make a new all time high.
BLOG does NOT give buy or sell.
Saleem
S&P @ 2496.48, high 2496.77, low 2490.37
RSI @ 64.43
CMF @ 0.051
Internals were :
UP volume led by 2.60 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.71 to 1 in NYSE & 1.70 to 1 in Nasdaq
VIX Down 1.40% @ 10.58
Oil @ $48.23
Gold @ $1332.70
Stocks which were UP 1% or more included JD NFLX
BZUN BIDU FNSR MU VRX SWIR TWTR BAC
KGC COH SINA CHK RIG CIEN GS DATA
MS SHOP CMG M LRCX CNX......
In my portfolio :
Sold NFLX @ $184.10
Bought JD @ $43.30
AH news....JWN UP 9.88%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continued its record run with S&P 500 and Nasdaq making a new all time high. Strong stocks kept going UP. Internals were positive all around. AAPL presentation had only 1 surprise iphone X is not available until November with a price tag of $999. Tax reform is coming before end of year but effective Jan 1, that gave boost to indices. Dow is all set to make a new all time high.
BLOG does NOT give buy or sell.
Saleem
Indices UP .25% to .28%....NICE !!!!
Indices are higher after strong close yesterday. S&P 500 @ new all time high. Indices are near high of the day.
S&P 500 @ 2494.16, high 2496.35, low 2490.37
Internals are positive.
Oil UP 15 cents
Gold Down $3.00
Canadian $ Down 55 tick @ .7837
VIX UP 1.68% @ 10.91
Portfolio AMD CTRP MOMO NVDA NFLX
Most stocks are UP
@ 2.12 following are red :
AMD CTRP MOMO NVDA LULU GOOG NTES FB
WB FCX UA SBUX MSFT CSIQ DNKN YUM TK
WYNN AGU MCD AEM SPLK ULTA KORS X
PANW.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2494.16, high 2496.35, low 2490.37
Internals are positive.
Oil UP 15 cents
Gold Down $3.00
Canadian $ Down 55 tick @ .7837
VIX UP 1.68% @ 10.91
Portfolio AMD CTRP MOMO NVDA NFLX
Most stocks are UP
@ 2.12 following are red :
AMD CTRP MOMO NVDA LULU GOOG NTES FB
WB FCX UA SBUX MSFT CSIQ DNKN YUM TK
WYNN AGU MCD AEM SPLK ULTA KORS X
PANW.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 11, 2017
Indices closed UP 1.08% to 1.19%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2488.11, high 2488.95, low 2474.52
RSI @ 62.00
CMF @ 0.031
Internals were :
UP volume led by 3.96 to 1 in NYSE & 2.86 to 1 in Nasdaq
Advancing stocks led by 3.59 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 198 in NYSE & 218 in Nasdaq
VIX Down 11.47% @ 10.73
Oil @ $48.07
Gold @ $1335.70
Stocks which were UP 2% or more included AMD NVDA NFLX
JD BABA WUBA TSLA MCHP FNSR OLED MU VRX MA
SWIR BAC LEN CSIQ SINA FEYE AGU DATA MS AAL
SHOP CRUS SWKS LRCX CNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in supercharged mode with buying dominating until final bell. Internals were strong. Reason for this big jump was most of the pressing issues seemed so far away from any traders mind. S&P 500 closed @ new all time high, while Nasdaq is only 29 points away and Dow 144 points from making new all time high. Most sectors participated in this rally, strong stocks took off.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2488.11, high 2488.95, low 2474.52
RSI @ 62.00
CMF @ 0.031
Internals were :
UP volume led by 3.96 to 1 in NYSE & 2.86 to 1 in Nasdaq
Advancing stocks led by 3.59 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 198 in NYSE & 218 in Nasdaq
VIX Down 11.47% @ 10.73
Oil @ $48.07
Gold @ $1335.70
Stocks which were UP 2% or more included AMD NVDA NFLX
JD BABA WUBA TSLA MCHP FNSR OLED MU VRX MA
SWIR BAC LEN CSIQ SINA FEYE AGU DATA MS AAL
SHOP CRUS SWKS LRCX CNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in supercharged mode with buying dominating until final bell. Internals were strong. Reason for this big jump was most of the pressing issues seemed so far away from any traders mind. S&P 500 closed @ new all time high, while Nasdaq is only 29 points away and Dow 144 points from making new all time high. Most sectors participated in this rally, strong stocks took off.
BLOG does NOT give buy or sell.
Saleem
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