Indices closed UP.
S&P 500 @ 2575.26, high 2578.29, low 2572.15
RSI @ 65.72
CMF @ 0.191
Internals were :
UP volume led by 1.25 to 1 in NYSE & 1.85 to 1 in Nasdaq
Advancing stocks led by 1.68 to 1 in NYSE & 1.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 127 in Nasdaq
VIX Down 3.05% @ 10.18
Oil @ $54.38
Gold @ $1270.50
Stocks which were UP 1% or more included CTRP OLED WB
BIDU SQ NVDA BABA TSLA NTES AAPL MOMO VRX
MU LVS SINA EBAY FFIV PCLN CIEN WYNN DATA
SPLK SWKS CMG LRCX.....
AH news...EA Down 2.93%, FORM Down 5.49%
X UP 7.5%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed UP and Nasdaq made a new all time high. Many stocks participated and made new all time highs. There is lot of buying momentum going on and have the feel of further move UP. My allocation is @ recent level, which shows that this TAPE is OK for now. Sometimes selling is perplexing, but it is part of Wall Street game.
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 31, 2017
Indices UP .12% to .44%......NICE !!!!
Indices are higher and Nasdaq into a new all time high territory.Indices are near high of the day.
S&P 500 @ 2576.88, high 2577.56, low 2572.15
Internals are positive and almost 2 to 1 in Nasdaq
Oil UP 43 cents
Gold Down $6.89
Canadian $ Down 71 tick @ .7101..lowest level against US$ since July...
VIX Down 2.48% @ 10.24
In my portfolio...Bought SHOP in pre market @ $110.05
Portfolio AMD CTRP OLED SHOP WB
SHOP earnings report was a beat in Sales and EPS
and guiding higher for the year, initial reaction was positive
in pre market, rate of growth and rise in expenses are causing
anxieties and citron research tweets are highlighting familiar
concerns pyramid scheme and all., currently stock down 8.51% a $5 improvement from low of the day of $94.51.
Most stocks are UP
@ 2.09 following are red :
SHOP NFLX MCHP BZUN GE SNAP TWTR GG
TECK AMZN UA ABX JKS COH TK YELP
FSLR MLNX AEM X M CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2576.88, high 2577.56, low 2572.15
Internals are positive and almost 2 to 1 in Nasdaq
Oil UP 43 cents
Gold Down $6.89
Canadian $ Down 71 tick @ .7101..lowest level against US$ since July...
VIX Down 2.48% @ 10.24
In my portfolio...Bought SHOP in pre market @ $110.05
Portfolio AMD CTRP OLED SHOP WB
SHOP earnings report was a beat in Sales and EPS
and guiding higher for the year, initial reaction was positive
in pre market, rate of growth and rise in expenses are causing
anxieties and citron research tweets are highlighting familiar
concerns pyramid scheme and all., currently stock down 8.51% a $5 improvement from low of the day of $94.51.
Most stocks are UP
@ 2.09 following are red :
SHOP NFLX MCHP BZUN GE SNAP TWTR GG
TECK AMZN UA ABX JKS COH TK YELP
FSLR MLNX AEM X M CNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, October 30, 2017
Indices closed down .03% to .36%.....
Indices closed down.
S&P 500 @ 2572.83, low 2568.25, high 2580.03
RSI @ 64.82
CMF @ 0.229
Internals were :
Down volume led by 1.73 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by 1.55 to 1 in NYSE & 1.95 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 58 in Nasdaq
VIX UP 7.14% @ 10.50
Oil @ $54.15
Gold @ $1277.70
AH news...HLIT UP 15.25%, MDLZ UP 4.33%
VYGR Down 9.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE opened @ best level but quickly faded, Nasdaq made an Intraday new all time high. FANG continue to show strong UP moves and making new all time highs. SHOP reports before open, it will be interesting to see how market reacts to its earnings and guidance, will listen to its conference call. TAPE ended mostly negative, tax reform is changing its color and arrest and charges against a key political player rattled the market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2572.83, low 2568.25, high 2580.03
RSI @ 64.82
CMF @ 0.229
Internals were :
Down volume led by 1.73 to 1 in NYSE & 1.19 to 1 in Nasdaq
Declining stocks led by 1.55 to 1 in NYSE & 1.95 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 58 in Nasdaq
VIX UP 7.14% @ 10.50
Oil @ $54.15
Gold @ $1277.70
AH news...HLIT UP 15.25%, MDLZ UP 4.33%
VYGR Down 9.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE opened @ best level but quickly faded, Nasdaq made an Intraday new all time high. FANG continue to show strong UP moves and making new all time highs. SHOP reports before open, it will be interesting to see how market reacts to its earnings and guidance, will listen to its conference call. TAPE ended mostly negative, tax reform is changing its color and arrest and charges against a key political player rattled the market.
BLOG does NOT give buy or sell.
Saleem
Indices down .18% to .33%.....
Indices are slightly lower on overbought condition.
S&P 500 @ 2572.86, low 2568.25, high 2580.03
Internals are negative with Nasdaq decliners leading by 2 to 1
Oil UP 14 cents
Gold UP $6.50
Canadian $ Down 29 tick @ .7166
VIX UP 9.29% @ 10.71
Portfolio AMD CTRP OLED WB
Most stocks are down
@ 2.18 following are green :
CTRP OLED SQ NVDA BABA FNSR AMZN FB AAPL
SNAP SPWR MU GG CNQ UA JKS CSIQ QRVO
SINA DNKN CHK TK LNG FEYE YELP FSLR
SPWR WYNN MS CRUS KORS NKE CMG
X M LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2572.86, low 2568.25, high 2580.03
Internals are negative with Nasdaq decliners leading by 2 to 1
Oil UP 14 cents
Gold UP $6.50
Canadian $ Down 29 tick @ .7166
VIX UP 9.29% @ 10.71
Portfolio AMD CTRP OLED WB
Most stocks are down
@ 2.18 following are green :
CTRP OLED SQ NVDA BABA FNSR AMZN FB AAPL
SNAP SPWR MU GG CNQ UA JKS CSIQ QRVO
SINA DNKN CHK TK LNG FEYE YELP FSLR
SPWR WYNN MS CRUS KORS NKE CMG
X M LRCX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 29, 2017
Key earnings continues this week.......
Nasdaq stole the show on Friday with stunning earnings from AMZN, GOOG,INTC & MSFT....
This market is an individual stock story both on the UP move and DOWN move
Participating in earnings is a very tough job, but when you have stunning earnings from so many high quality companies, you start to wonder IF participating in earnings is a desirable strategy....
Like it or not, we have many more earnings in coming weeks....here they are which i am watching or involved in :
SHOP Tuesday before open
FB Wednesday after close
CTRP Wednesday after close
TSLA Wednesday after close
BABA Thursday before open
OLED Thursday after close
AAPL Thursday after close
I am involved in 2 stocks CTRP & OLED.......
I may add 1 more earnings driven strategy
This has been an extremely challenging year for my strategy, in most cases earnings reaction has not been good, more like sharply lower......
BUT those failures does not deter me from being involved again.........
Wall Street reacts violently when everything seems to be in order......which is extremely discouraging.
Hopefully this weeks earnings will propel DOW, RUT to new all time highs.
Bull Bear ratio is getting very overbought, which only means slight pullback for a day or two, currently they are :
Bulls 62.3%
Bears 15.1%
Bulls @ top of the range and bears @ low end of range, means deeply overbought conditions exists.
RSI also in overbought range
Good luck with your own strategy and comfort level with this TAPE and earnings reactions.
BLOG does NOT give buy or sell.
Saleem
This market is an individual stock story both on the UP move and DOWN move
Participating in earnings is a very tough job, but when you have stunning earnings from so many high quality companies, you start to wonder IF participating in earnings is a desirable strategy....
Like it or not, we have many more earnings in coming weeks....here they are which i am watching or involved in :
SHOP Tuesday before open
FB Wednesday after close
CTRP Wednesday after close
TSLA Wednesday after close
BABA Thursday before open
OLED Thursday after close
AAPL Thursday after close
I am involved in 2 stocks CTRP & OLED.......
I may add 1 more earnings driven strategy
This has been an extremely challenging year for my strategy, in most cases earnings reaction has not been good, more like sharply lower......
BUT those failures does not deter me from being involved again.........
Wall Street reacts violently when everything seems to be in order......which is extremely discouraging.
Hopefully this weeks earnings will propel DOW, RUT to new all time highs.
Bull Bear ratio is getting very overbought, which only means slight pullback for a day or two, currently they are :
Bulls 62.3%
Bears 15.1%
Bulls @ top of the range and bears @ low end of range, means deeply overbought conditions exists.
RSI also in overbought range
Good luck with your own strategy and comfort level with this TAPE and earnings reactions.
BLOG does NOT give buy or sell.
Saleem
Friday, October 27, 2017
Indices closed UP .14% to 2.20%....NICE !!!!
Strong GDP of 3% & excellent earnings from AMZN, GOOG, MSFT & FSLR took this market to new all time highs in S&P 500 & Nasdaq.
S&P 500 @ 2581.07, high 2582.98, low 2565.94
RSI @ 70.69
CMF @ 0.291
Internals were :
UP volume led by 1.47 to 1 in NYSE & 1.51 to 1 in Nasdaq
Advancing stocks led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 104 in NYSE & 123 in Nasdaq
VIX Down 13.27% @ 9.80
Oil @ $53.90
Gold @ $1271.80
Canadian $ @ .7127
In my portfolio Sold AAPL @ $163.50
Stocks which were UP 2% or more included AAPL
SHOP NFLX SQ NVDA BABA GOOG AMZN
NTES FB BZUN SNAP SPWR FSLR CSIQ
JKS TWTR CNQ SU QRVO SWKS MSFT
CHK TK CRUS OPK CNX.....
Here is my portfolio weighting :
AMD 36.40%
OLED 25.10%
CTRP 21.73%
WB 16.77%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2581.07, high 2582.98, low 2565.94
RSI @ 70.69
CMF @ 0.291
Internals were :
UP volume led by 1.47 to 1 in NYSE & 1.51 to 1 in Nasdaq
Advancing stocks led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk highs were leading by 104 in NYSE & 123 in Nasdaq
VIX Down 13.27% @ 9.80
Oil @ $53.90
Gold @ $1271.80
Canadian $ @ .7127
In my portfolio Sold AAPL @ $163.50
Stocks which were UP 2% or more included AAPL
SHOP NFLX SQ NVDA BABA GOOG AMZN
NTES FB BZUN SNAP SPWR FSLR CSIQ
JKS TWTR CNQ SU QRVO SWKS MSFT
CHK TK CRUS OPK CNX.....
Here is my portfolio weighting :
AMD 36.40%
OLED 25.10%
CTRP 21.73%
WB 16.77%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, October 26, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2560.40, high 2567.07, low 2559.80
RSI @ 62.85
CMF @ 0.293
Internals were :
UP volume led by 1.05 to 1 in NYSE & .71 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 63 in Nasdaq
VIX UP .62% @ 11.30
Oil @ $52.64
Gold @ $1269.60
Stocks which closed green included AAPL OLED
NFLX SHOP SQ NVDA MCHP SNAP TWTR
CNQ SBUX JKS LEN SU YUM FFIV LNG
PCLN YELP WYNN DATA ORCL AEM
CRUS SPLK SWKS FSLR NKE CMG
LRCX.....
AH ER...FSLR UP 7.05%, AMZN UP 7.58%
BIDU Down 10.33%, EXPE Down 13.95%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was green till 2 PM then turned mixed, Nasdaq closed red despite earning beat from TWTR. Tonight earnings were stellar from AMZN GOOG MSFT INTC FSLR but futures are not reflecting any optimism. This market has become individual stocks story good or bad. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2560.40, high 2567.07, low 2559.80
RSI @ 62.85
CMF @ 0.293
Internals were :
UP volume led by 1.05 to 1 in NYSE & .71 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 63 in Nasdaq
VIX UP .62% @ 11.30
Oil @ $52.64
Gold @ $1269.60
Stocks which closed green included AAPL OLED
NFLX SHOP SQ NVDA MCHP SNAP TWTR
CNQ SBUX JKS LEN SU YUM FFIV LNG
PCLN YELP WYNN DATA ORCL AEM
CRUS SPLK SWKS FSLR NKE CMG
LRCX.....
AH ER...FSLR UP 7.05%, AMZN UP 7.58%
BIDU Down 10.33%, EXPE Down 13.95%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was green till 2 PM then turned mixed, Nasdaq closed red despite earning beat from TWTR. Tonight earnings were stellar from AMZN GOOG MSFT INTC FSLR but futures are not reflecting any optimism. This market has become individual stocks story good or bad. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .02% to .39%....NICE !!!!
Indices are higher after slumping yesterday, Nasdaq is up only 1 point.
S&P 500 @ 2563.04, high 2567.07, low 2559.80
Internals are mostly positive, Nasdaq down volume in the lead.
Oil UP 36 cents
Gold Down $10.90
Canadian $ Down 55 tick @ .7151.....3 months low against US$....
VIX Down 2.05% @ 11.00
Portfolio AMD AAPL CTRP OLED WB
Most stocks are UP
@ 1.57 following are red :
AMD CTRP WB LULU TSLA FNSR AMZN NTES
JD BZUN GE OCLR MOMO MU VRX TECK
SINA EXPE TK CIEN AGU MLNX ABX
AAL.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2563.04, high 2567.07, low 2559.80
Internals are mostly positive, Nasdaq down volume in the lead.
Oil UP 36 cents
Gold Down $10.90
Canadian $ Down 55 tick @ .7151.....3 months low against US$....
VIX Down 2.05% @ 11.00
Portfolio AMD AAPL CTRP OLED WB
Most stocks are UP
@ 1.57 following are red :
AMD CTRP WB LULU TSLA FNSR AMZN NTES
JD BZUN GE OCLR MOMO MU VRX TECK
SINA EXPE TK CIEN AGU MLNX ABX
AAL.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 25, 2017
Indices closed down .47% to .52%......
Indices closed down.
S&P 500 @ 2557.15, low 2544.00, high 2567.40
RSI @ 61.35
CMF @ 0.386
Internals were :
Down volume led by 3.06 to 1 in NYSE & 2.60 to 1 in Nasdaq
Declining stocks led by 2.96 to 1 in NYSE & 2.07 to 1 in Nasdaq
Net new 52 wk lows were leading by 3 in NYSE & highs by 17 in Nasdaq
VIX UP .63% @ 11.23
Oil @ $52.18
Gold @ $1279.00
AH news....BWLD UP 20.91%, NTRI Down 11.66%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE saw serious selling until mid day, then buyers looked @ VIX and saw no fear and started buying the dip. All indices erased majority of the losses by close. Market has been correcting for a while and most stocks were down from their highs. My logic of buying in pre market today was just that. There is never a perfect time to buy or sell, its all relative to where one enters and exit. They way we close, it is a very optimistic scenario, with VIX completely fading by close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2557.15, low 2544.00, high 2567.40
RSI @ 61.35
CMF @ 0.386
Internals were :
Down volume led by 3.06 to 1 in NYSE & 2.60 to 1 in Nasdaq
Declining stocks led by 2.96 to 1 in NYSE & 2.07 to 1 in Nasdaq
Net new 52 wk lows were leading by 3 in NYSE & highs by 17 in Nasdaq
VIX UP .63% @ 11.23
Oil @ $52.18
Gold @ $1279.00
AH news....BWLD UP 20.91%, NTRI Down 11.66%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE saw serious selling until mid day, then buyers looked @ VIX and saw no fear and started buying the dip. All indices erased majority of the losses by close. Market has been correcting for a while and most stocks were down from their highs. My logic of buying in pre market today was just that. There is never a perfect time to buy or sell, its all relative to where one enters and exit. They way we close, it is a very optimistic scenario, with VIX completely fading by close.
BLOG does NOT give buy or sell.
Saleem
Indices down .51% to .62%......
Indices are sharply lower on overbought condition and poor earnings.
S&P 500 @ 2555.20, low 2544.00, high 2567.40
Internals are negative by 5 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down 39 cents
Gold Down 50 cents
Canadian $ Down 1.31 cent on Central bank decision to leave interest rate unchanged.
VIX UP 8.69% @ 12.13...pretty mild jump...high today 13.20
In my portfolio :
Bought OLED @ $134.50
Bought WB @ $97.50
Bought CTRP @ $48.19
Portfolio AMD AAPL CTRP OLED WB
Most stocks are down
@ 2.08 following are green :
SQ LULU AMZN V MA LEN QRVO FFIV PCLN
YELP NKE.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2555.20, low 2544.00, high 2567.40
Internals are negative by 5 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down 39 cents
Gold Down 50 cents
Canadian $ Down 1.31 cent on Central bank decision to leave interest rate unchanged.
VIX UP 8.69% @ 12.13...pretty mild jump...high today 13.20
In my portfolio :
Bought OLED @ $134.50
Bought WB @ $97.50
Bought CTRP @ $48.19
Portfolio AMD AAPL CTRP OLED WB
Most stocks are down
@ 2.08 following are green :
SQ LULU AMZN V MA LEN QRVO FFIV PCLN
YELP NKE.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 24, 2017
Indices closed UP .16% to .72%....NICE !!!!
Indices closed UP.
S&P 500 @ 2569.13, high 2572.18, low 2565.58
RSI @ 71.25
CMF @ 0.405
Internals were :
UP volume led by 1.37 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 1.17 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 144 in NYSE & 80 in Nasdaq
VIX UP ,81% @ 11.16
Oil @ $52.47
Gold @ $1278.30
Stocks which were UP 1% or more included AMD SHOP
NFLX NVDA NTES OCLR BAC TECK FCX JKS
COH LEN QRVO CSIQ CHK RIG GS MLNX
AGU MGA ORCL SPLK KBH CMG AAL
X CNX......
AMD reported a beat and guide UP :
Q3 Sales actual $1.64 billion, expected $1.51 billion
Q3 EPS actual 10 cents, expected 8 cents
Guiding Q4 Sales $ 1.397 billion, expected $1.34 billion
Guiding 2017 Sales 20%+++ previous guidance Mid to High teens
All this beat & guide UP resulted in stock being down 11.02%???
AH ER...AKAM UP 11.06%, CMG Down 9.35%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE behaved the best for DOW, it closed @ new all time high. Nasdaq behaved the worst, it closed near low of the day, S&P 500 closed in mid range, real mixed performance by different indices. Internals were barely positive. TAPE has become highly unpredictable. Ensure your comfort level is very high in this sluggish environment.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2569.13, high 2572.18, low 2565.58
RSI @ 71.25
CMF @ 0.405
Internals were :
UP volume led by 1.37 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by 1.17 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 144 in NYSE & 80 in Nasdaq
VIX UP ,81% @ 11.16
Oil @ $52.47
Gold @ $1278.30
Stocks which were UP 1% or more included AMD SHOP
NFLX NVDA NTES OCLR BAC TECK FCX JKS
COH LEN QRVO CSIQ CHK RIG GS MLNX
AGU MGA ORCL SPLK KBH CMG AAL
X CNX......
AMD reported a beat and guide UP :
Q3 Sales actual $1.64 billion, expected $1.51 billion
Q3 EPS actual 10 cents, expected 8 cents
Guiding Q4 Sales $ 1.397 billion, expected $1.34 billion
Guiding 2017 Sales 20%+++ previous guidance Mid to High teens
All this beat & guide UP resulted in stock being down 11.02%???
AH ER...AKAM UP 11.06%, CMG Down 9.35%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE behaved the best for DOW, it closed @ new all time high. Nasdaq behaved the worst, it closed near low of the day, S&P 500 closed in mid range, real mixed performance by different indices. Internals were barely positive. TAPE has become highly unpredictable. Ensure your comfort level is very high in this sluggish environment.
BLOG does NOT give buy or sell.
Saleem
Bought AMD @ $14.23...earnings after close....
Bought AMD @ $14.23...
Reporting after close, here are the expectations :
Sales $1.51 Billion, EPS 8 cents
Guidance next Q Sales $1.34 Billion, EPS 4 cents
Expecting a beat and higher guidance !
BLOG does NOT give buy or sell.
Saleem
Reporting after close, here are the expectations :
Sales $1.51 Billion, EPS 8 cents
Guidance next Q Sales $1.34 Billion, EPS 4 cents
Expecting a beat and higher guidance !
BLOG does NOT give buy or sell.
Saleem
Indices UP .24% to .85%....NICE !!!!
Indices are higher and @ high of the day, Dow made a new all time high.CAT MCD main catalyst with better than expected earnings.
S&P 500 @ 2571.51, high 2571.67, low 2565.68
Internals are positive.
Oil UP 59 cents
Gold Down $3.10
Canadian $ Down 33 tick @ .7317...2 month low against US$...Central bank interest rate decision tomorrow, no change expected thus weakness in CAD....
VIX Down 2.98% @ 10.74
In my portfolio...Sold SHOP @ $105.00
Portfolio AAPL
Most stocks are UP
@ 2.26 following are down :
CTRP BIDU LULU BZUN GE MOMO SNAP UA
TWTR GG ABX KGC DNKN SU YUM PCLN
TK FEYE LNG FSLR TRIP AEM NKE OPK
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2571.51, high 2571.67, low 2565.68
Internals are positive.
Oil UP 59 cents
Gold Down $3.10
Canadian $ Down 33 tick @ .7317...2 month low against US$...Central bank interest rate decision tomorrow, no change expected thus weakness in CAD....
VIX Down 2.98% @ 10.74
In my portfolio...Sold SHOP @ $105.00
Portfolio AAPL
Most stocks are UP
@ 2.26 following are down :
CTRP BIDU LULU BZUN GE MOMO SNAP UA
TWTR GG ABX KGC DNKN SU YUM PCLN
TK FEYE LNG FSLR TRIP AEM NKE OPK
BLOG does NOT give buy or sell.
Saleem
Monday, October 23, 2017
Indices closed down .23% to .64%.....
Indices closed down.
S&P 500 @ 2564.98, low 2564.33, high 2578.29
RSI @ 69.67
CMF @ 0.375
Internals were :
Down volume led by 3.11 to 1 in NYSE & 1.42 to 1 in Nasdaq
Declining stocks led by 1.94 to 1 in NYSE & 2.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 144 in NYSE & 134 in Nasdaq
VIX UP 11.03% @ 11.07
Oil @ $51.90
Gold @ $1280.90
Stocks which closed green included SHOP
AMD OLED BIDU LULU JKS WB M
SPWR LVS CSIQ FSLR SINA AEM
NKE.....
AH news....SYNA UP 8.62%, WHR Down 6.58%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE made a u turn and closed @ low of the day, earlier all indices made a new Intraday all time high. This TAPE is changing its character with FANG getting beaten up badly today, do not know what to make of that. This TAPE has entered new phase where old approach may not work, as sector rotation is shifting daily.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2564.98, low 2564.33, high 2578.29
RSI @ 69.67
CMF @ 0.375
Internals were :
Down volume led by 3.11 to 1 in NYSE & 1.42 to 1 in Nasdaq
Declining stocks led by 1.94 to 1 in NYSE & 2.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 144 in NYSE & 134 in Nasdaq
VIX UP 11.03% @ 11.07
Oil @ $51.90
Gold @ $1280.90
Stocks which closed green included SHOP
AMD OLED BIDU LULU JKS WB M
SPWR LVS CSIQ FSLR SINA AEM
NKE.....
AH news....SYNA UP 8.62%, WHR Down 6.58%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE made a u turn and closed @ low of the day, earlier all indices made a new Intraday all time high. This TAPE is changing its character with FANG getting beaten up badly today, do not know what to make of that. This TAPE has entered new phase where old approach may not work, as sector rotation is shifting daily.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after hitting new all time in S&P 500, Nasdaq and Dow.
S&P 500 @ 2572.62, low 2571.48, high 2578.29
Internals are negative
Oil UP 12 cents
Gold UP 80 cents
Canadian $ Down 25 tick @ .7351
VIX UP 1.10 @ 10.08
Portfolio AAPL SHOP
Most stocks on my watchlist are higher
@ 2.15 following are red :
NFLX BABA TSLA GOOG AMZN FB JD BZUN
GE SNAP TWTR CNQ UA COH EXPE EBAY
CHK TK LNG YELP GS TRIP MCD ULTA
CMG AAL PANW....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2572.62, low 2571.48, high 2578.29
Internals are negative
Oil UP 12 cents
Gold UP 80 cents
Canadian $ Down 25 tick @ .7351
VIX UP 1.10 @ 10.08
Portfolio AAPL SHOP
Most stocks on my watchlist are higher
@ 2.15 following are red :
NFLX BABA TSLA GOOG AMZN FB JD BZUN
GE SNAP TWTR CNQ UA COH EXPE EBAY
CHK TK LNG YELP GS TRIP MCD ULTA
CMG AAL PANW....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 22, 2017
RSI in Dow is 88.10.......
Market has been on major bull run since last October, a 12 months of celebration of good things happening in US economy......
Last election results, has triggered the longest bull run, which i can remember without any real pullback, IF there was any pullback, it was short lived and TAPE recouped everything & more in a hurry.
Election gave us total sweep by Republican party in House, Senate and Presidency.....
A progressive tax reform is in the works.....
Deregulation is the key word in many policy matters, be it financial, climate, automobile,and other key areas of regulation........
All of the above and a hard line in trade matters is taken as positive for US economy and US stock market.
Someone recently said " market set the value of stocks, sometimes very high and sometimes very low"
I do not have to tell anyone, where we are sitting in " valuation model "
It IS very high as shown by Dow 88.10 RSI....
Can we continue in this frothy condition......i do not think so.....
This earning season may be given a big yawn, thus a pullback may be imminent......
VIX is another factor, it has been too low near new 52 week low for a long time.....never seen this low for this long ever, i mean in decades.......
Dow has been UP 6 weeks in a row......do not recall this happening either......
I guess, we are all suppose to believe that this TAPE can go UP forever, my sane & rational mind refuses to believe in never pullback scenario......
Overall Chinese stocks are trading near lower end of trading range, this is hard to understand why, when everything is going UP, UP & UP...
What i have done is reduced my total exposure to lowest level for a week, i may buy selective stocks for earnings play and that list is extremely small.
Good luck with your own understanding of this TAPE.
BLOG does NOT give buy or sell.
Saleem
Last election results, has triggered the longest bull run, which i can remember without any real pullback, IF there was any pullback, it was short lived and TAPE recouped everything & more in a hurry.
Election gave us total sweep by Republican party in House, Senate and Presidency.....
A progressive tax reform is in the works.....
Deregulation is the key word in many policy matters, be it financial, climate, automobile,and other key areas of regulation........
All of the above and a hard line in trade matters is taken as positive for US economy and US stock market.
Someone recently said " market set the value of stocks, sometimes very high and sometimes very low"
I do not have to tell anyone, where we are sitting in " valuation model "
It IS very high as shown by Dow 88.10 RSI....
Can we continue in this frothy condition......i do not think so.....
This earning season may be given a big yawn, thus a pullback may be imminent......
VIX is another factor, it has been too low near new 52 week low for a long time.....never seen this low for this long ever, i mean in decades.......
Dow has been UP 6 weeks in a row......do not recall this happening either......
I guess, we are all suppose to believe that this TAPE can go UP forever, my sane & rational mind refuses to believe in never pullback scenario......
Overall Chinese stocks are trading near lower end of trading range, this is hard to understand why, when everything is going UP, UP & UP...
What i have done is reduced my total exposure to lowest level for a week, i may buy selective stocks for earnings play and that list is extremely small.
Good luck with your own understanding of this TAPE.
BLOG does NOT give buy or sell.
Saleem
Friday, October 20, 2017
Indices closed UP .36% to .71%....NICE !!!!
Indices closed @ new all time high. Dow & S&P 500 closed near high of the day. Nasdaq was weaker going into close.
S&P 500 @ 2575.21, high 2575.44, low 2567.56
RSI @ 79.66
CMF @ 0.435
Internals were :
UP volume led by 1.75 to 1 in NYSE 7 1.97 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 219 in NYSE & 213 in Nasdaq
VIX Down .80% @ 9.97
Oil @ $51.47
Gold @ $1280.50
Canadian $ @ .7380......retail sales came in weaker than expected.
Stocks which were UP 1% or more included SHOP
GE SQ SNAP BAC GS MS TECK UA JKS CSIQ
COH LEN MSFT FFIV CIEN LULU MGA X
M OPK SWKS KORS LRCX.....
Here is my portfolio weighting :
AAPL 55.04%
SHOP 44.96%
I am @ 38% of my recent exposure.
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2575.21, high 2575.44, low 2567.56
RSI @ 79.66
CMF @ 0.435
Internals were :
UP volume led by 1.75 to 1 in NYSE 7 1.97 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 219 in NYSE & 213 in Nasdaq
VIX Down .80% @ 9.97
Oil @ $51.47
Gold @ $1280.50
Canadian $ @ .7380......retail sales came in weaker than expected.
Stocks which were UP 1% or more included SHOP
GE SQ SNAP BAC GS MS TECK UA JKS CSIQ
COH LEN MSFT FFIV CIEN LULU MGA X
M OPK SWKS KORS LRCX.....
Here is my portfolio weighting :
AAPL 55.04%
SHOP 44.96%
I am @ 38% of my recent exposure.
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 18, 2017
Indices closed UP .01% to .70%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2561.26, high 2564.11, low 2559.67
RSI @ 75.17
CMF @ 0.333
Internals were :
UP volume led by .99 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 1.09 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 113 in Nasdaq
VIX Down 2.33% @ 10.07
Oil @ $52.04
Gold @ $1283.00
Stocks which were UP 1% or more included SHOP
BABA LULU TSLA FNSR JD WB MOMO MU
BAC GS MS SBUX EXPE EBAY YELP MGA
CRUS X M LRCX CNX....
AH ER...ADBE UP 8.03%, EBAY Down 5.87%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE showed where money flow is, it is in non technology for the most part. All indices made a new all time highs today. Internals are not very convincing on a record day. Financials were the star of the day, technology was most disappointing @ close barely green. Again how we close in sector where you invest, is the key in this market.
ps....I am tied up with visitors, there is no BLOG on Thursday, next BLOG around 7 PM on Friday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2561.26, high 2564.11, low 2559.67
RSI @ 75.17
CMF @ 0.333
Internals were :
UP volume led by .99 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 1.09 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 113 in Nasdaq
VIX Down 2.33% @ 10.07
Oil @ $52.04
Gold @ $1283.00
Stocks which were UP 1% or more included SHOP
BABA LULU TSLA FNSR JD WB MOMO MU
BAC GS MS SBUX EXPE EBAY YELP MGA
CRUS X M LRCX CNX....
AH ER...ADBE UP 8.03%, EBAY Down 5.87%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE showed where money flow is, it is in non technology for the most part. All indices made a new all time highs today. Internals are not very convincing on a record day. Financials were the star of the day, technology was most disappointing @ close barely green. Again how we close in sector where you invest, is the key in this market.
ps....I am tied up with visitors, there is no BLOG on Thursday, next BLOG around 7 PM on Friday.
BLOG does NOT give buy or sell.
Saleem
Indices UP .15% to .70%.....NICE !!!!
Indices are higher and in new all time high territory, IBM is the key driver.
S&P 500 @ 2563.33, high 2564.11, low 2559.67
Internals are positive.
Oil UP 12 cents
Gold Down $3.20
Canadian $ UP 52 tick @ .7534
VIX Down 3.20% @ 9.98
Portfolio AAPL SHOP
Most stocks are UP
@ 2.05 following are red :
NFLX NVDA BIDU AMZN NTES VRX TECK
RIG LNG SPWR ULTA CMG .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2563.33, high 2564.11, low 2559.67
Internals are positive.
Oil UP 12 cents
Gold Down $3.20
Canadian $ UP 52 tick @ .7534
VIX Down 3.20% @ 9.98
Portfolio AAPL SHOP
Most stocks are UP
@ 2.05 following are red :
NFLX NVDA BIDU AMZN NTES VRX TECK
RIG LNG SPWR ULTA CMG .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 17, 2017
Indices closed mixed......
Indices closed mixed...
S&P 500 @ 2559.36, high 2559.71, low 2554.69
RSI @ 74.51
CMF @ 0.396
Internals were :
Down volume led by 1.29 to 1 in NYSE & 1.16 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & 1.72 to 1 in Nasdaq
Net new 52 highs were leading by 117 in NYSE & 40 in Nasdaq
VIX UP 4.04% @ 10.31
Oil @ 51.88
Gold @ $1286.20
AH news....CREE Down 3.88%, SCSS Down 3.55%
IBM UP 5.58%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE closed mixed, DOW made a new all time high. On surface everything looks normal as major indices either were UP or close to unchanged, but real negativity is developing in internals for few days, pay close attention to internals and how we close from hereon. Most good earnings are being greeted with a big yawn.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2559.36, high 2559.71, low 2554.69
RSI @ 74.51
CMF @ 0.396
Internals were :
Down volume led by 1.29 to 1 in NYSE & 1.16 to 1 in Nasdaq
Declining stocks led by 1.40 to 1 in NYSE & 1.72 to 1 in Nasdaq
Net new 52 highs were leading by 117 in NYSE & 40 in Nasdaq
VIX UP 4.04% @ 10.31
Oil @ 51.88
Gold @ $1286.20
AH news....CREE Down 3.88%, SCSS Down 3.55%
IBM UP 5.58%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE closed mixed, DOW made a new all time high. On surface everything looks normal as major indices either were UP or close to unchanged, but real negativity is developing in internals for few days, pay close attention to internals and how we close from hereon. Most good earnings are being greeted with a big yawn.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed, with Dow making another all time high, only index in green.
S&P 500 @ 2555.43, low 2554.69, high 2558.53
Internals are negative.
Oil Down 31 cents
Gold Down $16.80
Canadian $ Down 29 tick @ .7455
VIX UP 4.14% @ 10.32
Portfolio AAPL SHOP
Most stocks are down.
@ 1.42 following are green :
AAPL OLED LULU TSLA AMZN FB OCLR
SNAP SWIR UA JKS COH DNKN YUM
FFIV TK LNG TRIP DATA ORCL MS
MGA MCD CRUS ULTA SPLK
NKE CMG X LRCX CNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2555.43, low 2554.69, high 2558.53
Internals are negative.
Oil Down 31 cents
Gold Down $16.80
Canadian $ Down 29 tick @ .7455
VIX UP 4.14% @ 10.32
Portfolio AAPL SHOP
Most stocks are down.
@ 1.42 following are green :
AAPL OLED LULU TSLA AMZN FB OCLR
SNAP SWIR UA JKS COH DNKN YUM
FFIV TK LNG TRIP DATA ORCL MS
MGA MCD CRUS ULTA SPLK
NKE CMG X LRCX CNX....
BLOG does NOT give buy or sell.
Saleem
Monday, October 16, 2017
Indices closed UP .18% to .37%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2557.64, high 2559.47, low 2552.64
RSI @ 73.92
CMF @ 0.379
Internals were :
Down volume led by 1.02 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.02 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 179 in NYSE & 163 in Nasdaq
VIX UP 3.12% @ 9.91
Oil @ $51.87
Gold @ $1303.00
Stocks which were UP 2% or more included SHOP
BIDU JD MOMO MU FCX WYNN....
AH ER...NFLX UP 1.29%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in green whole day and made new all time highs in Dow , S&P 500 and Nasdaq. Internals of the market weak. Before open its financial earnings will set the tone for market.As i am strongly negative on this market near term, i am not doing any buying, will wait, till technicals improve.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2557.64, high 2559.47, low 2552.64
RSI @ 73.92
CMF @ 0.379
Internals were :
Down volume led by 1.02 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.02 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk highs were leading by 179 in NYSE & 163 in Nasdaq
VIX UP 3.12% @ 9.91
Oil @ $51.87
Gold @ $1303.00
Stocks which were UP 2% or more included SHOP
BIDU JD MOMO MU FCX WYNN....
AH ER...NFLX UP 1.29%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in green whole day and made new all time highs in Dow , S&P 500 and Nasdaq. Internals of the market weak. Before open its financial earnings will set the tone for market.As i am strongly negative on this market near term, i am not doing any buying, will wait, till technicals improve.
BLOG does NOT give buy or sell.
Saleem
Indices UP .08% to .23%....NICE !!!!
Indices are positive going into NFLX earnings report. Dow, S&P 500 & Nasdaq made a new all time high.
S&P 500 @ 2555.80, high 2559.47, low 2552.64
Internals are mixed
Oil UP 39 cents
Gold UP $1.50
Canadian $ Down 58 tick @ .7476
VIX UP 3.43% @ 9.94
In my portfolio Sold CTRP @ $55.53
Portfolio AAPL SHOP
Most stocks are UP
@ 2.18 following are red :
ICE LULU TSLA FNSR GOOG WB OCLR SNAP
SPWR VRX SWIR TWTR GG COH SINA
EXPE EBAY CHK TK FEYE CSIQ
CIEN MLNX NGA ABX AEM
CRUS ULTA CMG X M
CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2555.80, high 2559.47, low 2552.64
Internals are mixed
Oil UP 39 cents
Gold UP $1.50
Canadian $ Down 58 tick @ .7476
VIX UP 3.43% @ 9.94
In my portfolio Sold CTRP @ $55.53
Portfolio AAPL SHOP
Most stocks are UP
@ 2.18 following are red :
ICE LULU TSLA FNSR GOOG WB OCLR SNAP
SPWR VRX SWIR TWTR GG COH SINA
EXPE EBAY CHK TK FEYE CSIQ
CIEN MLNX NGA ABX AEM
CRUS ULTA CMG X M
CNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 15, 2017
Extremely worried about US stock market......
I am extremely worried that US stock market may correct sharply starting very soon. Reasons are many but the biggest reason may surprise many.
Let us look @ my worry index, there are many i follow, none fundamental but all technical, they are in danger zone......
RSI.........
Nasdaq.............69.91
S&P 500. 72.39
SOX................75.42
Dow................78.64
These numbers are downright bearish....
RSI @ 60 bearish / overbought........RSI @ 30 bullish / oversold
Bull / bear ratio.......
Bull 60.4%
Bear 15.1%
Again bull @ 60% bearish / overbought near high of its range, bear @ 15.1% is near lows of its range clearly flashing bearish signal
SOX UP for 3 straight week.......extremely overbought
Dow @ 5 weeks high......extremely overbought
Nasdaq 3 weeks UP move....overbought
S&P 500 2 weeks UP move.....
Lastly, my own monitoring tool, there is no fear anywhere, everybody is very comfortable with this TAPE and ignoring all overbought signals......popular theme in these situation is " its different this time "......that is a tell tale of imminent correction each time......
SO...i decided to listen to my inner voice and Sold 40.87% of my current holdings AH on Friday..my before sale exposure was 20% lower than my usual position.......based on my normal exposure, currently i am @ 39% exposure......i may reduce it further on Monday...
All i can say, be very careful, nothing goes UP in straight line ever.....we are sitting @ decades high, means sharp pullback highly probable.....
In these situation, being wrong is not such a bad thing.......
Good luck with your own comfort level and your own take of this TAPE....
BLOG does NOT give buy or sell.
Saleem
Let us look @ my worry index, there are many i follow, none fundamental but all technical, they are in danger zone......
RSI.........
Nasdaq.............69.91
S&P 500. 72.39
SOX................75.42
Dow................78.64
These numbers are downright bearish....
RSI @ 60 bearish / overbought........RSI @ 30 bullish / oversold
Bull / bear ratio.......
Bull 60.4%
Bear 15.1%
Again bull @ 60% bearish / overbought near high of its range, bear @ 15.1% is near lows of its range clearly flashing bearish signal
SOX UP for 3 straight week.......extremely overbought
Dow @ 5 weeks high......extremely overbought
Nasdaq 3 weeks UP move....overbought
S&P 500 2 weeks UP move.....
Lastly, my own monitoring tool, there is no fear anywhere, everybody is very comfortable with this TAPE and ignoring all overbought signals......popular theme in these situation is " its different this time "......that is a tell tale of imminent correction each time......
SO...i decided to listen to my inner voice and Sold 40.87% of my current holdings AH on Friday..my before sale exposure was 20% lower than my usual position.......based on my normal exposure, currently i am @ 39% exposure......i may reduce it further on Monday...
All i can say, be very careful, nothing goes UP in straight line ever.....we are sitting @ decades high, means sharp pullback highly probable.....
In these situation, being wrong is not such a bad thing.......
Good luck with your own comfort level and your own take of this TAPE....
BLOG does NOT give buy or sell.
Saleem
Friday, October 13, 2017
Indices closed UP .09% to .22%....NICE !!!!
Indices closed UP. Indices closed near low of the day. Oil was UP which helped equities.
S&P 500 @ 2553.17, high 2557.65, low 2552.09
RSI @ 72.39
CMF @ 0.352
Internals were :
UP volume led by 1.28 to 1 in NYSE & 1.07 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & .93 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & 190 in Nasdaq
VIX Down 3.03% @ 9.61
Oil @ $51.45
Gold @ $1304.60
Canadian $ @ .7505
Stocks which were UP 1% or more included NFLX BIDU NVDA
NTES BZUN MOMO CNQ BAC FCX CSIQ SINA EXPE RIG
FSLR WYNN AGU ULTA SWKS OPK CMG X PANW
LRCX......
Here is my portfolio weighting :
AMD 32.88%
AAPL 25.47%
SHOP 19.11%
CTRP 14.55%
SQ 7.99%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2553.17, high 2557.65, low 2552.09
RSI @ 72.39
CMF @ 0.352
Internals were :
UP volume led by 1.28 to 1 in NYSE & 1.07 to 1 in Nasdaq
Advancing stocks led by 1.43 to 1 in NYSE & .93 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & 190 in Nasdaq
VIX Down 3.03% @ 9.61
Oil @ $51.45
Gold @ $1304.60
Canadian $ @ .7505
Stocks which were UP 1% or more included NFLX BIDU NVDA
NTES BZUN MOMO CNQ BAC FCX CSIQ SINA EXPE RIG
FSLR WYNN AGU ULTA SWKS OPK CMG X PANW
LRCX......
Here is my portfolio weighting :
AMD 32.88%
AAPL 25.47%
SHOP 19.11%
CTRP 14.55%
SQ 7.99%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 12, 2017
Indices closed down .14% to .18%......
Indices closed down.
S&P 500 @ 2550.93, low 2548.31, high 2555.33
RSI @ 71.62
CMF @ 0.453
Internals were :
Down volume led by 1.63 to 1 in NYSE & 1.14 to 1 in Nasdaq
Declining stocks led by .89 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 186 in NYSE & 181 to 1 in Nasdaq
VIX UP .61% @ 9.91
Oil @ $50.60
Gold @ $1296.50
AH news....AAOI Down 19.87%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is looking tired and closed near low of the day.@ midday Dow, S&P 500 and Nasdaq made new all time highs on an Intraday basis. Internals were weak. Bank earnings are not to the liking of market, before open another set of bank earnings, IF they are not up to par, then we may see market under pressure, Friday can be more exaggerated due to weekend. Again how we close matters. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2550.93, low 2548.31, high 2555.33
RSI @ 71.62
CMF @ 0.453
Internals were :
Down volume led by 1.63 to 1 in NYSE & 1.14 to 1 in Nasdaq
Declining stocks led by .89 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 186 in NYSE & 181 to 1 in Nasdaq
VIX UP .61% @ 9.91
Oil @ $50.60
Gold @ $1296.50
AH news....AAOI Down 19.87%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is looking tired and closed near low of the day.@ midday Dow, S&P 500 and Nasdaq made new all time highs on an Intraday basis. Internals were weak. Bank earnings are not to the liking of market, before open another set of bank earnings, IF they are not up to par, then we may see market under pressure, Friday can be more exaggerated due to weekend. Again how we close matters. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .01% to .06%......
Indices are slightly lower.
S&P 500 @ 2553.82, low 2549.49, high 2555.33
Internals are mostly negative
Oil Down 63 cents
Gold UP $8.00
Canadian $ UP 20 tick @ .7544
VIX Down .91% @ 9.76
Portfolio AMD AAPL CTRP SHOP SQ
Most stocks are down
@ 2.30 following are green :
AMD CTRP SQ NFLX OLED NVDA TSLA GOOG
FNSR AMZN NTES JKS TWTR FCX SBUX
COH X LRCX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2553.82, low 2549.49, high 2555.33
Internals are mostly negative
Oil Down 63 cents
Gold UP $8.00
Canadian $ UP 20 tick @ .7544
VIX Down .91% @ 9.76
Portfolio AMD AAPL CTRP SHOP SQ
Most stocks are down
@ 2.30 following are green :
AMD CTRP SQ NFLX OLED NVDA TSLA GOOG
FNSR AMZN NTES JKS TWTR FCX SBUX
COH X LRCX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 11, 2017
Indices closed UP .18% to .25%....NICE !!!!
Indices closed UP.
S&P 500 @ 2555.24, high 2555.24, low 2547.95
RSI @ 75.40
CMF @ 0.478
Internals were :
UP volume led by 1.13 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 175 in NYSE & 192 in Nasdaq
VIX Down 2.28% @ 9.85
Oil @ $51.30
Gold @ $1288.90
Stocks which were UP 1% or more included AMD SHOP SQ
OLED NVDA GOOG MOMO SNAP TWTR TECK KGC
V QRVO SINA DNKN CHK MCD SWKS KBH.....
AH news....JNPR Down 3.2%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed green and Dow made a new all time high. Indices closed @ high of the day. Internals were mixed. They way we closed today despite Fed minutes going after higher interest rates is impressive. Tomorrow morning bank earning will determine how markets will go. FANG came to life except NFLX which is resting after huge run.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2555.24, high 2555.24, low 2547.95
RSI @ 75.40
CMF @ 0.478
Internals were :
UP volume led by 1.13 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 175 in NYSE & 192 in Nasdaq
VIX Down 2.28% @ 9.85
Oil @ $51.30
Gold @ $1288.90
Stocks which were UP 1% or more included AMD SHOP SQ
OLED NVDA GOOG MOMO SNAP TWTR TECK KGC
V QRVO SINA DNKN CHK MCD SWKS KBH.....
AH news....JNPR Down 3.2%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed green and Dow made a new all time high. Indices closed @ high of the day. Internals were mixed. They way we closed today despite Fed minutes going after higher interest rates is impressive. Tomorrow morning bank earning will determine how markets will go. FANG came to life except NFLX which is resting after huge run.
BLOG does NOT give buy or sell.
Saleem
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