Indices closed UP.
S&P 500 @ 2506.85, high 2509.24, low 2482.82
RSI @ 41.71
CMF @ -0,125
Internals were :
UP volume led by 2.27 to 1 in NYSE & 2.25 to 1 in Nasdaq
Advancing stocks led by 2.41 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk lows were leading by 103 in NYSE & 104 in Nasdaq
VIX Down 10.30% @ 25.42
Oil @ $45.41
Gold @ $1281.30
Stocks which were UP 1% or more included AMD
MTCH NIU SHOP ROKU KORS ESTC SPLK
AMAT AMZN CIEN EAF MRVL NFLX
PANW TWTR NTNX LNG YELP.....
AH news...VIPS UP 4.76%, WTR UP 5.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE remained positive whole day on positive development between China & US on trade negotiations, there is some movement on US partial shutdown which bolstered confidence in market. Wednesday we start 2019 trading, expect inflow into equities @ these bargain levels, expecting strong action positive move in 3 days of trading in week one. 2018 ended as the-worst year since 2008.
BLOG does NOT give buy or sell.
HAPPY NEW YEAR!
Saleem
Monday, December 31, 2018
Indices UP .33% to .68%....NICE !!!!
Indices are trading higher on last day of 2018 on renewed optimism on China US trade discussions.
S&P 500 @ 2495.58, high 2509.24, low 2482.82
Internals are mixed
Oil UP 1 cent
Gold Down 60 cents
Canadian $ unchanged @ .6363
VIX Down 6.18% @ 26.59
Portfolio AMD MOMO NVDA SQ
Most stocks are UP
@ 2.10 following are red :
MOMO SWN BZUN PHM FB CGC TLRY PRNB
BABA CTRP QRVO TSLA YY CHK TK RIG
WB SPWR SINA OSTK KBH X M CNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2495.58, high 2509.24, low 2482.82
Internals are mixed
Oil UP 1 cent
Gold Down 60 cents
Canadian $ unchanged @ .6363
VIX Down 6.18% @ 26.59
Portfolio AMD MOMO NVDA SQ
Most stocks are UP
@ 2.10 following are red :
MOMO SWN BZUN PHM FB CGC TLRY PRNB
BABA CTRP QRVO TSLA YY CHK TK RIG
WB SPWR SINA OSTK KBH X M CNX...
BLOG does NOT give buy or sell.
Saleem
Sunday, December 30, 2018
2019 stock market.....
We have one more day of 2018 for institutions to trade, then it is start of new trading year for 2019 on 2nd of January.....
Since all of us got 2018 end horribly wrong, now we have to start guesswork for 2019 trading year.....
Here are issues facing 2019 stock market :
- Slowing US and world economies...
-Trade war with China not resolved
- US fed still wants to raise interest rates
The above 3 issues will affect US stock market more than other world market.
Message of the market has been very clear from start of October.....
Nasdaq top formation started in January of 2018, so this slump may not be temporary....
We are closed on 1st, so it is a 4 day week.....
Jobs report is out on Friday and may spark another debate about Fed tightening....
Money allocation for 2019 into stock market @ this low low valuation may spark a rally to "resistance level "
After that, another test of next support, some saying it could be lower than recent lows....
SO...lot of theories on direction of market, but some stocks are behaving better than most...
No matter what your strategy for investing or trading is, but it is important to book profit quickly until stock market shows some stability.
When market breaks like it has, it takes months to find direction.
I will not be too euphoric on any rallies, it may be the perfect time to book profit and wait for pullbacks...this process may repeat several times.
IF I have to take a guess based on past serious pullbacks, real UP move may not start until October of 2019......
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Since all of us got 2018 end horribly wrong, now we have to start guesswork for 2019 trading year.....
Here are issues facing 2019 stock market :
- Slowing US and world economies...
-Trade war with China not resolved
- US fed still wants to raise interest rates
The above 3 issues will affect US stock market more than other world market.
Message of the market has been very clear from start of October.....
Nasdaq top formation started in January of 2018, so this slump may not be temporary....
We are closed on 1st, so it is a 4 day week.....
Jobs report is out on Friday and may spark another debate about Fed tightening....
Money allocation for 2019 into stock market @ this low low valuation may spark a rally to "resistance level "
After that, another test of next support, some saying it could be lower than recent lows....
SO...lot of theories on direction of market, but some stocks are behaving better than most...
No matter what your strategy for investing or trading is, but it is important to book profit quickly until stock market shows some stability.
When market breaks like it has, it takes months to find direction.
I will not be too euphoric on any rallies, it may be the perfect time to book profit and wait for pullbacks...this process may repeat several times.
IF I have to take a guess based on past serious pullbacks, real UP move may not start until October of 2019......
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, December 28, 2018
Indices closed mixed......
Indices closed mixed in another volatile day in markets Nasdaq closed green.
S&P 500 @ 2485.74, low 2472.89, high 2520.87
RSI @ 38.99
CMF @ -0.155
Internals were :
UP volume led by 1.09 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.97 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 155 in NYSE & 107 in Nasdaq
VIX Down 5.41% @ 28.34
Oil @ $45.33
Gold @ $1283.00
Canadian $ @ .6367
Stocks which were UP 1% or more included AMD NVDA
NIU ESTC VICR CGC TLRY AMAT AMZN CIEN
LRCX OLED PANW TSLA NTNX RIG SPWR
MLNX CMG.....
Here is my portfolio weighting :
NVDA 41.70%
AMD 27.80%
SQ 24.40%
MOMO 6.10%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2485.74, low 2472.89, high 2520.87
RSI @ 38.99
CMF @ -0.155
Internals were :
UP volume led by 1.09 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.97 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 155 in NYSE & 107 in Nasdaq
VIX Down 5.41% @ 28.34
Oil @ $45.33
Gold @ $1283.00
Canadian $ @ .6367
Stocks which were UP 1% or more included AMD NVDA
NIU ESTC VICR CGC TLRY AMAT AMZN CIEN
LRCX OLED PANW TSLA NTNX RIG SPWR
MLNX CMG.....
Here is my portfolio weighting :
NVDA 41.70%
AMD 27.80%
SQ 24.40%
MOMO 6.10%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, December 27, 2018
Indices closed UP .38% to 1.14%....NICE !!!!
Indices closed UP.
S&P 500 @ 2488.83, high 2489.10, low 2397.94
RSI @ 39.24
CMF @ -0.093
Internals were :
UP volume led by 1.82 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 344 in NYSE & 299 in Nasdaq
VIX Down 1.48% @ 29.96
Oil @ $44.61
Gold @ $1281.10
AH news...OPK UP 10.67%, APHA UP 19.39%
TOL Down 5.89%, BZH Down 4.54%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under total control of HFT ( High Frequency Traders ) , they played as per their interpretation of each hour, DOW was Down 600 points and closed UP 260 points by close. Volatility like this only happens when we are trading near bottom of the range. One of these days we will be far above support area. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2488.83, high 2489.10, low 2397.94
RSI @ 39.24
CMF @ -0.093
Internals were :
UP volume led by 1.82 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 344 in NYSE & 299 in Nasdaq
VIX Down 1.48% @ 29.96
Oil @ $44.61
Gold @ $1281.10
AH news...OPK UP 10.67%, APHA UP 19.39%
TOL Down 5.89%, BZH Down 4.54%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under total control of HFT ( High Frequency Traders ) , they played as per their interpretation of each hour, DOW was Down 600 points and closed UP 260 points by close. Volatility like this only happens when we are trading near bottom of the range. One of these days we will be far above support area. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down 2.42% to 2.95%......
Indices are down in reaction to tweet regarding ZTE & Huawei......Indices are near low of the day.
S&P 500 @ 2410.13, low 2397.94, high 2445.18
Internals are negative by minimum 3 to 1 and as high as 7 to 1
Oil Down $1.40
Gold UP $8.00
Canadian $ Down 66 tick @ .63.67.....19 months low against US$
VIX UP 8.02% @ 32.85
Portfolio AMD MOMO NVDA SQ
Most stocks are down
@ 2.47 PM following are green :
MU AEM GG PRNB AMAT CTRP ABX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2410.13, low 2397.94, high 2445.18
Internals are negative by minimum 3 to 1 and as high as 7 to 1
Oil Down $1.40
Gold UP $8.00
Canadian $ Down 66 tick @ .63.67.....19 months low against US$
VIX UP 8.02% @ 32.85
Portfolio AMD MOMO NVDA SQ
Most stocks are down
@ 2.47 PM following are green :
MU AEM GG PRNB AMAT CTRP ABX....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 26, 2018
Indices closed UP 4.96% to 5.84%....NICE !!!!
Indices closed UP.
S&P 500 @ 2467.70, high 2467.76, low 2346.58
RSI @ 36.68
CMF @ -0.100
Internals were :
UP volume led by 23.23 to 1 in NYSE & 7.81 to 1 in Nasdaq
Advancing stocks led by 4.83 to 1 in NYSE & 3.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 1160 in NYSE & 705 in Nasdaq
VIX Down 15.69% @ 30.41
Oil @ $46.22
Gold @ $1273.00
Stocks which were UP 4% or more included AMD NVDA SQ
FEYE MU SWN MTCH SHOP ROKU AAPL ESTC SPLK
PRNB AMAT LRCX AMZN CIEN FFIV GOOG NFLX
OLED PANW QRVO SWKS TSLA TWTR ALDR
WB YELP FB WYNN LVS GS MS MA MLNX
MSFT ULTA NKE CMG V X M.....
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE found a solid bottom around 2346.58 in S&P 500 and it was UP UP and away, this was a painful 3 months of pullback where indices touched bear market correction of 20% pullback. YES it is safe to start your long term position on stocks which are looking better in terms of strength.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2467.70, high 2467.76, low 2346.58
RSI @ 36.68
CMF @ -0.100
Internals were :
UP volume led by 23.23 to 1 in NYSE & 7.81 to 1 in Nasdaq
Advancing stocks led by 4.83 to 1 in NYSE & 3.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 1160 in NYSE & 705 in Nasdaq
VIX Down 15.69% @ 30.41
Oil @ $46.22
Gold @ $1273.00
Stocks which were UP 4% or more included AMD NVDA SQ
FEYE MU SWN MTCH SHOP ROKU AAPL ESTC SPLK
PRNB AMAT LRCX AMZN CIEN FFIV GOOG NFLX
OLED PANW QRVO SWKS TSLA TWTR ALDR
WB YELP FB WYNN LVS GS MS MA MLNX
MSFT ULTA NKE CMG V X M.....
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE found a solid bottom around 2346.58 in S&P 500 and it was UP UP and away, this was a painful 3 months of pullback where indices touched bear market correction of 20% pullback. YES it is safe to start your long term position on stocks which are looking better in terms of strength.
BLOG does NOT give buy or sell.
Saleem
Indices UP 2.75% to 3.73%....NICE !!!!
Indices are rebounding nicely after UP 380 then Down 100 now UP 600....this is how a solid bottom is found when last seller is panicked out of their position.
S&P 500 @ 2418.17, high 2421.40, low 2346.58
Internals are positive by minimum 4 to 1 and maximum 8 to 1
Oil UP $3.09
Gold Down $1.60
Canadian $ UP 7 tick @ .6419
VIX Down 10.12% @ 32.42
Portfolio AMD MOMO NVDA SQ
Most stocks are UP
@ 2.07 PM following are red :
MOMO AEM GG TLRY YY ABX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2418.17, high 2421.40, low 2346.58
Internals are positive by minimum 4 to 1 and maximum 8 to 1
Oil UP $3.09
Gold Down $1.60
Canadian $ UP 7 tick @ .6419
VIX Down 10.12% @ 32.42
Portfolio AMD MOMO NVDA SQ
Most stocks are UP
@ 2.07 PM following are red :
MOMO AEM GG TLRY YY ABX.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 24, 2018
Indices closed down 2.21% to 2.91%.....
Indices closed down @ absolute low of the day, shutdown continues so does stock market rout.
S&P 500 @ 2351.10, low 2351.10, high 2410.34
RSI @ 19.21
CMF @ -0.112
Internals were :
Down volume led by 7.58 to 1 in NYSE & 4.14 to 1 in Nasdaq
Declining stocks led by 3.57 to 1 in NYSE & 2.68 to 1 in Nasdaq
Net new 52 wk lows were leading by 1686 in NYSE & 1102 in Nasdaq
VIX UP 19.79% @ 36.07
Oil @ $42.53
Gold @ $1271.80
Canadian $ @ .6400
Stocks which closed green included MOMO
BZUN ESTC SPLK AEM GG ABX VICR
CGC PRNB CTRP WB YY ALDR YELP
SINA OSTK.
Next post on Wednesday around 2 PM.
BLOG does NOT give buy or sell.
Have A Merry Christmas !
Saleem
S&P 500 @ 2351.10, low 2351.10, high 2410.34
RSI @ 19.21
CMF @ -0.112
Internals were :
Down volume led by 7.58 to 1 in NYSE & 4.14 to 1 in Nasdaq
Declining stocks led by 3.57 to 1 in NYSE & 2.68 to 1 in Nasdaq
Net new 52 wk lows were leading by 1686 in NYSE & 1102 in Nasdaq
VIX UP 19.79% @ 36.07
Oil @ $42.53
Gold @ $1271.80
Canadian $ @ .6400
Stocks which closed green included MOMO
BZUN ESTC SPLK AEM GG ABX VICR
CGC PRNB CTRP WB YY ALDR YELP
SINA OSTK.
Next post on Wednesday around 2 PM.
BLOG does NOT give buy or sell.
Have A Merry Christmas !
Saleem
Sunday, December 23, 2018
2019 Stock market......
2018 has witnessed a market which was not predicted by anyone, now everyone is an expert and predicting more bad news in 2019......
Carter Worth predicting another 10% slump in 2019
In order to come to an educated conclusion, here are following facts :
S&P 500 Down 17.79%
SOX Down 22.09%
Nasdaq Down 22.14%
DOW Down 24.23%
RUT Down 25.83%
The above is a clear picture of a very weak stock market, what caused this slump is based on few reality :
-Stock market has been UP in a straight line since Trump election, so a major pullback was not only a reality but was needed.
-FED has been very aggressive in raising interest rates even causing a temporary inverted yield, that took away allocation into Money market & T bills.
-Worldwide economy has been slowing, market knew BUT FED was behind the curve...
-Trade war has been intensified causing major disruption in world economic order, thus lack of confidence in world stock market.
-There has been serious outflow from equities into treasury bills or money market
-Earnings are slowing down which has shrunk PE
-Shutdown of government was the last straw that caused intense selling.
-Monday is the last day of trading for 2018 to book loss or gains....
Now looking @ 2019...we have to look @ RSI for guidance, and they are :
RUT 20.17
S&P 500 22.44
DOW 24.63
Nasdaq 26.23
SOX 34.16
SOX is the only sector which has a pulse, rest are on respirator.....
To say the least we are deeply oversold, thus a bounce is imminent.
FED has changed its tune and may not increase any rates anytime soon.
Yield are not inverted anymore, 2 year @ 2.635%, 10 year @ 2.788% and 30 year @ 3.03%
Many participant may start to nibble @ current valuations which is 50% lower than @ peak, when was the last time, every stock has been cut into half.
Earnings will be lower by max 10%, but stocks are deeply discounted by 50%.
Trump may have to soften his tone on Shutdown and on trade with China.
SO...all in all stocks has been discounted much more than fundamental picture, which has resulted in deep bargain in stock prices.
Finally, SOX may lead us higher based on relative strength.
Good luck with your own analysis and comfort level with this TAPE.
BLOG does NOT give buy or sell.
Saleem
Carter Worth predicting another 10% slump in 2019
In order to come to an educated conclusion, here are following facts :
S&P 500 Down 17.79%
SOX Down 22.09%
Nasdaq Down 22.14%
DOW Down 24.23%
RUT Down 25.83%
The above is a clear picture of a very weak stock market, what caused this slump is based on few reality :
-Stock market has been UP in a straight line since Trump election, so a major pullback was not only a reality but was needed.
-FED has been very aggressive in raising interest rates even causing a temporary inverted yield, that took away allocation into Money market & T bills.
-Worldwide economy has been slowing, market knew BUT FED was behind the curve...
-Trade war has been intensified causing major disruption in world economic order, thus lack of confidence in world stock market.
-There has been serious outflow from equities into treasury bills or money market
-Earnings are slowing down which has shrunk PE
-Shutdown of government was the last straw that caused intense selling.
-Monday is the last day of trading for 2018 to book loss or gains....
Now looking @ 2019...we have to look @ RSI for guidance, and they are :
RUT 20.17
S&P 500 22.44
DOW 24.63
Nasdaq 26.23
SOX 34.16
SOX is the only sector which has a pulse, rest are on respirator.....
To say the least we are deeply oversold, thus a bounce is imminent.
FED has changed its tune and may not increase any rates anytime soon.
Yield are not inverted anymore, 2 year @ 2.635%, 10 year @ 2.788% and 30 year @ 3.03%
Many participant may start to nibble @ current valuations which is 50% lower than @ peak, when was the last time, every stock has been cut into half.
Earnings will be lower by max 10%, but stocks are deeply discounted by 50%.
Trump may have to soften his tone on Shutdown and on trade with China.
SO...all in all stocks has been discounted much more than fundamental picture, which has resulted in deep bargain in stock prices.
Finally, SOX may lead us higher based on relative strength.
Good luck with your own analysis and comfort level with this TAPE.
BLOG does NOT give buy or sell.
Saleem
Friday, December 21, 2018
Indices closed down 1.81% to 2.99%.....
Indices slumped again thanks to President Trump statement to keep shutdown going for a long time, real confidence builder in a slumping markets. Indices closed near low of the day and Nasdaq into bear market. Even Fed change of heart for 2019 interest hikes and a jump in all indices was torpedoed by US politics.
S&P 500 @ 2416.58, low 2408.55, high 2504.41
RSI @ 22.44
CMF @ -0.096
Internals were :
Down volume led by 6.60 to 1 in NYSE & 5.60 to 1 in Nasdaq
Declining stocks led by 3.58 to 1 in NYSE & 3.77 to 1 in Nasdaq
Net new 52 wk lows were leading by 1497 in NYSE & 1096 in Nasdaq
VIX UP 6.10% @ 30.11
Oil @ $45.59
Gold @ $1258.10
Canadian $ @ .6426
Stocks which closed green included MOMO
NIU TSLA WB CHK MGA MCD NKE
CNX.....
In my portfolio :
Added 400% AMD @ $17.33
Added 70% NVDA @ $129.00 in AH
Here is my portfolio weighting :
NVDA 42.30%
AMD 27.60%
SQ 24.00%
MOMO 6.10%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2416.58, low 2408.55, high 2504.41
RSI @ 22.44
CMF @ -0.096
Internals were :
Down volume led by 6.60 to 1 in NYSE & 5.60 to 1 in Nasdaq
Declining stocks led by 3.58 to 1 in NYSE & 3.77 to 1 in Nasdaq
Net new 52 wk lows were leading by 1497 in NYSE & 1096 in Nasdaq
VIX UP 6.10% @ 30.11
Oil @ $45.59
Gold @ $1258.10
Canadian $ @ .6426
Stocks which closed green included MOMO
NIU TSLA WB CHK MGA MCD NKE
CNX.....
In my portfolio :
Added 400% AMD @ $17.33
Added 70% NVDA @ $129.00 in AH
Here is my portfolio weighting :
NVDA 42.30%
AMD 27.60%
SQ 24.00%
MOMO 6.10%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 20, 2018
Indices closed down 1.58% to 1.99%,,,,,,
Indices closed down.
S&P 500 @ 2467.42, low 2441.18, high 2509.63
RSI @ 25.53
CMF @ -0.061
Internals were :
Down volume led by 4.38 to 1 in NYSE & 4.27 to 1 in Nasdaq
Declining stocks led by 3.97 to 1 in NYSE & 3.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 1736 in NYSE & 1143 in Nasdaq
VIX UP 10.95% @ 28.38
Oil @ $45.88
Gold @ $1267.90
AH news...NKE UP 7.14%, CGC UP 5.62%
CAMP Down 12.06%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE keeps down to new 52 wk lows in all Indices, DOW is now showing a mini death cross which can be erased IF we close UP on Friday. US politics always have drama till the last second, nothing major is ever agreed ahead of deadline, so we wait to see how House passage is played in Senate for added money for wall. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2467.42, low 2441.18, high 2509.63
RSI @ 25.53
CMF @ -0.061
Internals were :
Down volume led by 4.38 to 1 in NYSE & 4.27 to 1 in Nasdaq
Declining stocks led by 3.97 to 1 in NYSE & 3.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 1736 in NYSE & 1143 in Nasdaq
VIX UP 10.95% @ 28.38
Oil @ $45.88
Gold @ $1267.90
AH news...NKE UP 7.14%, CGC UP 5.62%
CAMP Down 12.06%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE keeps down to new 52 wk lows in all Indices, DOW is now showing a mini death cross which can be erased IF we close UP on Friday. US politics always have drama till the last second, nothing major is ever agreed ahead of deadline, so we wait to see how House passage is played in Senate for added money for wall. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.96% to 2.15%.....
Indices are lower again on a new issue of US government shutdown, next 24 hours are critical in resolving this shutdown.
S&P 500 @ 2453.10, low 2449.02, high 2509.63
Internals are negative by minimum 4 to 1 to as high as 6 to 1
Oil Down $2.09
Gold UP $11.40
Canadian $ Down 41 tick @ .6476.....new 18 months low against US$
VIX UP 14.78% @ 29.36
In my portfolio bought AMD @ $18.60
Portfolio AMD MOMO NVDA SQ
Most stocks are down
@ 2.11 PM following are green :
NIU AEM TLRY OSTK ABX .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2453.10, low 2449.02, high 2509.63
Internals are negative by minimum 4 to 1 to as high as 6 to 1
Oil Down $2.09
Gold UP $11.40
Canadian $ Down 41 tick @ .6476.....new 18 months low against US$
VIX UP 14.78% @ 29.36
In my portfolio bought AMD @ $18.60
Portfolio AMD MOMO NVDA SQ
Most stocks are down
@ 2.11 PM following are green :
NIU AEM TLRY OSTK ABX .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 19, 2018
Indices closed down 1.49% to 2.17%.....
Indices closed down.
S&P 500 @ 2506.96, low 2488.96, high 2585.29
RSI @ 28.35
CMF @ -0.070
Internals were :
Down volume led by 3.40 to 1 in NYSE & 4.65 to 1 in Nasdaq
Declining stocks led by 2.58 to 1 in NYSE & 2.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 1161 in NYSE & 810 in Nasdaq
VIX unchanged @ 25.58
Oil @ $47.20
Gold @ $1256.40
Stocks which closed green included ESTC PANW TK
LNG YELP MLNX ORCL OSTK....
AH news....TLRY UP 14.56%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE anticipated and greeted Fed hike and statement with predictable moves, before UP 350 points on DOW then lost that then moved UP almost 300 points then lost that and closed down 351 points after being down 500 points prior to close. IF you listen to market vs how technicians and traders felt, it was a classic case of market being right. My interpretation of market and TAPE is Fed have it perfect that resulted in TAPE recovering from 500 loss and closing @ 351. Noticed VIX was unchanged on such a bad decision by Fed, VIX disagrees and I agree with VIX & FED.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2506.96, low 2488.96, high 2585.29
RSI @ 28.35
CMF @ -0.070
Internals were :
Down volume led by 3.40 to 1 in NYSE & 4.65 to 1 in Nasdaq
Declining stocks led by 2.58 to 1 in NYSE & 2.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 1161 in NYSE & 810 in Nasdaq
VIX unchanged @ 25.58
Oil @ $47.20
Gold @ $1256.40
Stocks which closed green included ESTC PANW TK
LNG YELP MLNX ORCL OSTK....
AH news....TLRY UP 14.56%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE anticipated and greeted Fed hike and statement with predictable moves, before UP 350 points on DOW then lost that then moved UP almost 300 points then lost that and closed down 351 points after being down 500 points prior to close. IF you listen to market vs how technicians and traders felt, it was a classic case of market being right. My interpretation of market and TAPE is Fed have it perfect that resulted in TAPE recovering from 500 loss and closing @ 351. Noticed VIX was unchanged on such a bad decision by Fed, VIX disagrees and I agree with VIX & FED.
BLOG does NOT give buy or sell.
Saleem
Indices UP .02% to .48%....NICE !!!!
Indices were higher then lower and now higher on Fed hike and neutral language.
S&P 500 @ 2563.01, high 2585.29, low 2533.89
Internals are mixed with Nasdaq volume showing more down volume.
Oil UP $1.35
Gold Down $4.20
Canadian $ UP 15 tick @ .6552
VIX Down 10.87% @ 22.80
Portfolio MOMO NVDA SQ
Most stocks are UP
@ 2.40 PM following are red :
MOMO NVDA MU AMD LULU AEM NIU BZUN
FB CGC TLRY AMAT CRUS BABA LRCX WB
ALDR CHK WYNN LVS ABX CMG X....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2563.01, high 2585.29, low 2533.89
Internals are mixed with Nasdaq volume showing more down volume.
Oil UP $1.35
Gold Down $4.20
Canadian $ UP 15 tick @ .6552
VIX Down 10.87% @ 22.80
Portfolio MOMO NVDA SQ
Most stocks are UP
@ 2.40 PM following are red :
MOMO NVDA MU AMD LULU AEM NIU BZUN
FB CGC TLRY AMAT CRUS BABA LRCX WB
ALDR CHK WYNN LVS ABX CMG X....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 18, 2018
Indices closed UP .01% to .45%....NICE !!!!
Indices closed UP.
S&P 500 @ 2546.16, high 2573.99, low 2528.71
RSI @ 31.56
CMF @ - 0.061
Internals were :
Down volume led by 1.16 to 1 in NYSE & .96 to 1 in Nasdaq
Declining stocks led by 1.14 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk lows were leading by 985 in NYSE & 665 in Nasdaq
VIX UP 4.32% @ 25.58
Oil @ $46.24
Gold @ $1253.60
Stocks which were UP 2% or more included NVDA SQ
MTCH SHOP AMD AAL PHM ESTC AEM FB GG
VICR FSLR TLRY AMZN CRUS CSIQ QRVO
NTNX GS MGA KBH M.......
AH news...MU Down 9.06%, JBL UP 10.27%
FDX Down 6.11%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE is following a very bearish pattern despite being deeply oversold, hardly any strength in today's bounce. DOW was UP 300 points and lost it all mid day only to close modestly higher. Fed statement may give some relief @ 2 PM and @ conference call but Thursday trading day may show fade, this is based on current weak TAPE and " sell the strength trading "
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2546.16, high 2573.99, low 2528.71
RSI @ 31.56
CMF @ - 0.061
Internals were :
Down volume led by 1.16 to 1 in NYSE & .96 to 1 in Nasdaq
Declining stocks led by 1.14 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk lows were leading by 985 in NYSE & 665 in Nasdaq
VIX UP 4.32% @ 25.58
Oil @ $46.24
Gold @ $1253.60
Stocks which were UP 2% or more included NVDA SQ
MTCH SHOP AMD AAL PHM ESTC AEM FB GG
VICR FSLR TLRY AMZN CRUS CSIQ QRVO
NTNX GS MGA KBH M.......
AH news...MU Down 9.06%, JBL UP 10.27%
FDX Down 6.11%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE is following a very bearish pattern despite being deeply oversold, hardly any strength in today's bounce. DOW was UP 300 points and lost it all mid day only to close modestly higher. Fed statement may give some relief @ 2 PM and @ conference call but Thursday trading day may show fade, this is based on current weak TAPE and " sell the strength trading "
BLOG does NOT give buy or sell.
Saleem
Indices UP .32% to .69%....NICE !!!!
Indices are staging an extremely weak rebound from deeply oversold conditions. Indices are near low of the day.
S&P 500 @ 2555.60, high 2573.99, low 2551.23
Internals are mixed with Nasdaq decliners in the lead.
Oil Down $2.86
Gold UP $1.30
Canadian $ Down 73 tick @ ..6524
VIX UP 2.37% @ 25.10
In my portfolio Sold BZUN @ $32.30
Portfolio MOMO NVDA SQ
Most stocks are UP
@ 2.06 PM following are red :
BZUN NIU ROKU BIDU CGC PRNB BABA TSLA
ALDR CHK TK RIG WYNN OSTK MCD ULTA
CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2555.60, high 2573.99, low 2551.23
Internals are mixed with Nasdaq decliners in the lead.
Oil Down $2.86
Gold UP $1.30
Canadian $ Down 73 tick @ ..6524
VIX UP 2.37% @ 25.10
In my portfolio Sold BZUN @ $32.30
Portfolio MOMO NVDA SQ
Most stocks are UP
@ 2.06 PM following are red :
BZUN NIU ROKU BIDU CGC PRNB BABA TSLA
ALDR CHK TK RIG WYNN OSTK MCD ULTA
CNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 17, 2018
Indices closed down 2.08% to 2.27%......
Indices closed down.
S&P 500 @ 2545.94, low 2530.54, high 2601.13
RSI @ 31.52
CMF @ -0.027
Internals were :
Down volume led by 6.56 to 1 in NYSE & 5.15 to 1 in Nasdaq
Declining stocks led by 5.55 to 1 in NYSE & 4.31 to 1 in Nasdaq
Net new 52 wk lows were leading by 1205 in NYSE & 729 in Nasdaq
VIX UP 13.36% @ 24.52
Oil @ $49.88
Gold @ $1251.80
AH news...ORCL UP 5.40%, MLNX Down 3.09%
GNC Down 3.07%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold Down
About market, TAPE was in control of bears who took S&P 500 to lowest close in over a year. Dow closed @ the lowest level since March 23rd, 2018, BUT there is good news technically speaking, there is NO DEATH CROSS in DOW. New 52 week lows reached their climax @ close net 1205 lows in NYSE is the highest I can recall in 5 decades. We may have seen " digestive phase of all known bad news already"
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2545.94, low 2530.54, high 2601.13
RSI @ 31.52
CMF @ -0.027
Internals were :
Down volume led by 6.56 to 1 in NYSE & 5.15 to 1 in Nasdaq
Declining stocks led by 5.55 to 1 in NYSE & 4.31 to 1 in Nasdaq
Net new 52 wk lows were leading by 1205 in NYSE & 729 in Nasdaq
VIX UP 13.36% @ 24.52
Oil @ $49.88
Gold @ $1251.80
AH news...ORCL UP 5.40%, MLNX Down 3.09%
GNC Down 3.07%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold Down
About market, TAPE was in control of bears who took S&P 500 to lowest close in over a year. Dow closed @ the lowest level since March 23rd, 2018, BUT there is good news technically speaking, there is NO DEATH CROSS in DOW. New 52 week lows reached their climax @ close net 1205 lows in NYSE is the highest I can recall in 5 decades. We may have seen " digestive phase of all known bad news already"
BLOG does NOT give buy or sell.
Saleem
Indices down 1.59% to 1.80%......
Indices are lower again on fear of Fed going too far which I believe it will not. Indices opened lower then turned green and went to its low now, unless we close well above low of the day and above previous close, weakness may prevail.
S&P 500 @ 2555.15, low 2553.00, high 2601.13
Internals are negative by minimum 3 to 1 and as high as 4 to 1.
Oil Down $1.01
Gold UP $8.80
Canadian $ Down 20 tick @ .6598
VIX UP 16.41% @ 25.18
Portfolio BZUN MOMO NVDA SQ
Most stocks are down
@ 2.11 PM following are green :
PHM KORS AEM GG PRNB AMAT CRUS
LRCX QRVO MS SWKS X MU....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2555.15, low 2553.00, high 2601.13
Internals are negative by minimum 3 to 1 and as high as 4 to 1.
Oil Down $1.01
Gold UP $8.80
Canadian $ Down 20 tick @ .6598
VIX UP 16.41% @ 25.18
Portfolio BZUN MOMO NVDA SQ
Most stocks are down
@ 2.11 PM following are green :
PHM KORS AEM GG PRNB AMAT CRUS
LRCX QRVO MS SWKS X MU....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 16, 2018
Bounce or breakdown......
This weekend everyone who is involved with stock market is wondering.....are we going to bounce or breakdown......
All indices are heading or making a new closing low since last slump in February...
IS Nasdaq ready for a breakdown ?
SOX is contradicting Nasdaq " potential weakness "
SOX is behaving relatively much better than Nasdaq and may give help to Nasdaq in not rolling over...
SO...IF I were you...I will keep an eye on SOX and see IF it holds better...then Nasdaq may not roll over.....
Russell and S&P 400 have rolled over badly, hoping it is not an indicator of all indices....
What gives me hope for no rollover in Nasdaq, it may be the sentiment on wall street " it is extremely negative " which is a very reliable " contrary indicator "
Fed is all set to raise interest rates this Wednesday....BUT it may announce a "wait & see " approach going forward.....
Market may anticipate " softening in Fed language for 2019 and rally hard "
SO " sentiment and soft Fed " is my reason for a bounce.....
We all know that markets are oversold worldwide, it may bounce hard on any excuse like "softer Fed "
Some stocks have acted well, these are the stocks who are well above key technical indicators like above 50 DMA & 200 DMA.....IF you have any of those stocks , you should hold on for further gains and may be they are future strong stocks.
Good luck with your portfolio that are giving you less stress or else change them for next bounce.
Good luck with your strategy!
BLOG does NOT give buy or sell.
Saleem
All indices are heading or making a new closing low since last slump in February...
IS Nasdaq ready for a breakdown ?
SOX is contradicting Nasdaq " potential weakness "
SOX is behaving relatively much better than Nasdaq and may give help to Nasdaq in not rolling over...
SO...IF I were you...I will keep an eye on SOX and see IF it holds better...then Nasdaq may not roll over.....
Russell and S&P 400 have rolled over badly, hoping it is not an indicator of all indices....
What gives me hope for no rollover in Nasdaq, it may be the sentiment on wall street " it is extremely negative " which is a very reliable " contrary indicator "
Fed is all set to raise interest rates this Wednesday....BUT it may announce a "wait & see " approach going forward.....
Market may anticipate " softening in Fed language for 2019 and rally hard "
SO " sentiment and soft Fed " is my reason for a bounce.....
We all know that markets are oversold worldwide, it may bounce hard on any excuse like "softer Fed "
Some stocks have acted well, these are the stocks who are well above key technical indicators like above 50 DMA & 200 DMA.....IF you have any of those stocks , you should hold on for further gains and may be they are future strong stocks.
Good luck with your portfolio that are giving you less stress or else change them for next bounce.
Good luck with your strategy!
BLOG does NOT give buy or sell.
Saleem
Friday, December 14, 2018
Indices closed down 1.91% to 2.26%.....
Indices closed near low of the day on Fed hiking interest rates, trade war and growth slowing worldwide.DOW lost 487 points lowest close since May 2018, S&P 500 closed @ the lowest level since February 2018.
S&P 500 @ 2599.95, low 2593.84, high 2635.07
RSI @ 36.43
CMF @ 0.052
Internals were :
Down volume led by 4.55 to 1 in NYSE & 3.42 to 1 in Nasdaq
Declining stocks led by 3.63 to 1 in NYSE & 3.17 to 1 in Nasdaq
Net new 52 wk lows were leading by 736 in NYSE & 507 in Nasdaq
Oil Down $51.20
Gold Down $1241.40
Canadian $ @ .6608
Green close included MTCH MU KORS
WB SINA AMD MLNX CGC TRIL...
Here is my portfolio weighting :
NVDA 35.80%
SQ 35.40%
BZUN 20.60%
MOMO 8.20%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2599.95, low 2593.84, high 2635.07
RSI @ 36.43
CMF @ 0.052
Internals were :
Down volume led by 4.55 to 1 in NYSE & 3.42 to 1 in Nasdaq
Declining stocks led by 3.63 to 1 in NYSE & 3.17 to 1 in Nasdaq
Net new 52 wk lows were leading by 736 in NYSE & 507 in Nasdaq
Oil Down $51.20
Gold Down $1241.40
Canadian $ @ .6608
Green close included MTCH MU KORS
WB SINA AMD MLNX CGC TRIL...
Here is my portfolio weighting :
NVDA 35.80%
SQ 35.40%
BZUN 20.60%
MOMO 8.20%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 13, 2018
Indices closed mixed.....
Indices closed mixed.
S&P 500 2650.54, low 2637.27, high 2670.19
RSI @ 42.13
CMF @ 0.061
Internals were :
Down volume led by 1.43 to 1 in NYSE & 2.14 to 1 in Nasdaq
Declining stocks led by 1.70 to 1 in NYSE & 2.88 to 1 in Nasdaq
Net new 52 wk lows were leading by 417 in NYSE & 338 in Nasdaq
VIX Down 3.77% @ 20.65
Oil @ $52.58
Gold @ $1247.40
AH news...SHOP Down 3.64%, COST Down 2.63%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE continued its jump @ open and lose all its gains mid day and improve @ close. Dow was UP 200+ to lose it all and then dip into negative and closed slightly higher. Futures are slumping again on a new criminal investigation of President Trump's election spending. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 2650.54, low 2637.27, high 2670.19
RSI @ 42.13
CMF @ 0.061
Internals were :
Down volume led by 1.43 to 1 in NYSE & 2.14 to 1 in Nasdaq
Declining stocks led by 1.70 to 1 in NYSE & 2.88 to 1 in Nasdaq
Net new 52 wk lows were leading by 417 in NYSE & 338 in Nasdaq
VIX Down 3.77% @ 20.65
Oil @ $52.58
Gold @ $1247.40
AH news...SHOP Down 3.64%, COST Down 2.63%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE continued its jump @ open and lose all its gains mid day and improve @ close. Dow was UP 200+ to lose it all and then dip into negative and closed slightly higher. Futures are slumping again on a new criminal investigation of President Trump's election spending. 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 being UP @ open, they are in a holding pattern waiting for progress in trade picture between US & China.
S&P 500 @ 2646.74, low 2638.89, high 2670.19
Internals are negative almost 2 to 1
Oil UP 86 cents
Gold Down $2.90
Canadian $ unchanged @ .6651
VIX Down 2.00% @ 21.03
Portfolio BZUN MOMO NVDA SQ
Most stocks are down
@ 2.04 PM following are green :
BZUN MOMO NVDA SHOP BIDU AAPL
FSLR JKS MRVL TSLA YY CIEN MCD
CMG .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2646.74, low 2638.89, high 2670.19
Internals are negative almost 2 to 1
Oil UP 86 cents
Gold Down $2.90
Canadian $ unchanged @ .6651
VIX Down 2.00% @ 21.03
Portfolio BZUN MOMO NVDA SQ
Most stocks are down
@ 2.04 PM following are green :
BZUN MOMO NVDA SHOP BIDU AAPL
FSLR JKS MRVL TSLA YY CIEN MCD
CMG .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 12, 2018
Indices closed UP .54% to .95%....NICE !!!!
Indices closed UP.
S&P 500 @ 2651.07, high 2685.44, low 2650.20
RSI @ 42.20
CMF @ 0.041
Internals were :
UP volume led by 2.46 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 2.02 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 119 in NYSE & 176 in Nasdaq
Oil @ $51.15
Gold @ $1250.00
Stocks which were UP 35 or more included BZUN MOMO SQ
FEYE MTCH SHOP LULU ESTC VICR CSIQ EAF NFLX
TWTR YY TK WYNN ABX......
AH news.....VVUS UP 8.48%, LLNW Down 23.68%
AH futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was in overdrive @ open but fizzled by close and closed near low of the day. Although market closed green it lost most of the gain by close which is surprising. Internals were positive @ close.TAPE is giving a clear message that it wants to go higher but some external forces brings it down, today it may be UK uncertainty which has been resolved after close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2651.07, high 2685.44, low 2650.20
RSI @ 42.20
CMF @ 0.041
Internals were :
UP volume led by 2.46 to 1 in NYSE & 2.63 to 1 in Nasdaq
Advancing stocks led by 2.02 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 119 in NYSE & 176 in Nasdaq
Oil @ $51.15
Gold @ $1250.00
Stocks which were UP 35 or more included BZUN MOMO SQ
FEYE MTCH SHOP LULU ESTC VICR CSIQ EAF NFLX
TWTR YY TK WYNN ABX......
AH news.....VVUS UP 8.48%, LLNW Down 23.68%
AH futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was in overdrive @ open but fizzled by close and closed near low of the day. Although market closed green it lost most of the gain by close which is surprising. Internals were positive @ close.TAPE is giving a clear message that it wants to go higher but some external forces brings it down, today it may be UK uncertainty which has been resolved after close.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.64% to 2.16%....NICE !!!!
Indices are sharply higher on optimism of a trade deal between US & China. Indices are near high of the day.
S&P 500 @ 2680.14, high 2685.44, low 2658.23
Internals are positive by minimum 3 to 1 and maximum 8 to 1 in volume
Oil UP 47 cents
Gold UP $2.20
Canadian $ UP 51 tick @ .6663
VIX Down 5.01% @ 20.67
In my portfolio Bought MOMO @ $25.20
Portfolio BZUN MOMO NVDA SQ
Most stocks are UP
@ 1.57 following are red :
CGC TLRY PRNB ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2680.14, high 2685.44, low 2658.23
Internals are positive by minimum 3 to 1 and maximum 8 to 1 in volume
Oil UP 47 cents
Gold UP $2.20
Canadian $ UP 51 tick @ .6663
VIX Down 5.01% @ 20.67
In my portfolio Bought MOMO @ $25.20
Portfolio BZUN MOMO NVDA SQ
Most stocks are UP
@ 1.57 following are red :
CGC TLRY PRNB ......
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 11, 2018
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2636.78, low 2621.30, high 2674.35
RSI @ 39.90
CMF @ 0.046
Internals were :
Down volume led by 1.32 to 1 in NYSE & .97 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 338 in NYSE & 264 in Nasdaq
VIX Down 3.89% @ 21.76
Oil @ $51.65
Gold @ $1247.20
AH news...EAF UP 4.28%, FEYE UP 4.51%
PLAY Down 14.76%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continued its bearish run by jumping sharply higher @ open and then closing near low of the day. China indicated its willingness to reduce duty on US cars substantially which caused early jubilation in market. Technically, we are holding near support and may come UP IF enough buying develops.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2636.78, low 2621.30, high 2674.35
RSI @ 39.90
CMF @ 0.046
Internals were :
Down volume led by 1.32 to 1 in NYSE & .97 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 338 in NYSE & 264 in Nasdaq
VIX Down 3.89% @ 21.76
Oil @ $51.65
Gold @ $1247.20
AH news...EAF UP 4.28%, FEYE UP 4.51%
PLAY Down 14.76%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continued its bearish run by jumping sharply higher @ open and then closing near low of the day. China indicated its willingness to reduce duty on US cars substantially which caused early jubilation in market. Technically, we are holding near support and may come UP IF enough buying develops.
BLOG does NOT give buy or sell.
Saleem
Indices down .33% to .66%.....
Indices gave up all the gains of open and is down across the board, DOW was UP 368 points now DOWN 167 points.
S&P 500 @ 2625.69, low 2621.51, high 2674.35
Internals are negative.
Oil UP 52 cents
Gold Down $1.10
Canadian $ Down 15 tick @ .6592
VIX UP 3.71% @ 23.48
In my portfolio Sold ROKU @ $35.35
Portfolio BZUN NVDA SQ
Most stocks are down
@ 2.14 following are green :
BZUN MU SHOP LULU VICR CGC PRNB
CRUS PANW TWTR WB NTNX LVS
TRIP MGA SWKS ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2625.69, low 2621.51, high 2674.35
Internals are negative.
Oil UP 52 cents
Gold Down $1.10
Canadian $ Down 15 tick @ .6592
VIX UP 3.71% @ 23.48
In my portfolio Sold ROKU @ $35.35
Portfolio BZUN NVDA SQ
Most stocks are down
@ 2.14 following are green :
BZUN MU SHOP LULU VICR CGC PRNB
CRUS PANW TWTR WB NTNX LVS
TRIP MGA SWKS ......
BLOG does NOT give buy or sell.
Saleem
Monday, December 10, 2018
Indices closed UP .14% to .74%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2637.72, high 2647.51, low 2583.23
RSI 40.00
CMF @ 0.071
Internals were :
Down volume led by 2.73 to 1 in NYSE & .87 to 1 in Nasdaq
Declining stocks led by 2.10 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk lows were leading by 794 in NYSE & 501 in Nasdaq
VIX Down 2.54% @ 22.64
Oil @ $51.00
Gold @ $1249.40
Stocks which were UP 2% or more included NVDA SQ
SHOP AMD ESTC SPLK FB TSLA NTNX YELP
OSTK MSFT PANW.....
AH news...ASNA UP 12.09%, CAMP Down 9.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE went deeper into bearish mode by cutting recent lows in S&P 500 & DOW then stage a rebound and closed in green, @ low of the day DOW was down 507 points. This market is facing trade uncertainties between # 1 & # 2 world economies, unless this issue gets resolved, we cannot have any sustained rally.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2637.72, high 2647.51, low 2583.23
RSI 40.00
CMF @ 0.071
Internals were :
Down volume led by 2.73 to 1 in NYSE & .87 to 1 in Nasdaq
Declining stocks led by 2.10 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk lows were leading by 794 in NYSE & 501 in Nasdaq
VIX Down 2.54% @ 22.64
Oil @ $51.00
Gold @ $1249.40
Stocks which were UP 2% or more included NVDA SQ
SHOP AMD ESTC SPLK FB TSLA NTNX YELP
OSTK MSFT PANW.....
AH news...ASNA UP 12.09%, CAMP Down 9.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE went deeper into bearish mode by cutting recent lows in S&P 500 & DOW then stage a rebound and closed in green, @ low of the day DOW was down 507 points. This market is facing trade uncertainties between # 1 & # 2 world economies, unless this issue gets resolved, we cannot have any sustained rally.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after DOW & S&P 500 went to new lows and then rebounded. Nasdaq is positive.
S&P 500 @ 2627.01, low 2583.23, high 2638.15
Internals are mixed
Oil Down $1.04
Gold Down $4.20
Canadian $ Down 72 tick @ .6609
VIX UP 1.76% @ 23.64
Portfolio BZUN NVDA ROKU SQ
Most stocks are UP
@ 2.06 PM following are red by 1% or more :
SWN NIU PHM MOMO AEM TLRY PRNB EAF
QRVO WB ALDR CHK TK RIG MGA MS SU
ULTA NKE KBH X CNX ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2627.01, low 2583.23, high 2638.15
Internals are mixed
Oil Down $1.04
Gold Down $4.20
Canadian $ Down 72 tick @ .6609
VIX UP 1.76% @ 23.64
Portfolio BZUN NVDA ROKU SQ
Most stocks are UP
@ 2.06 PM following are red by 1% or more :
SWN NIU PHM MOMO AEM TLRY PRNB EAF
QRVO WB ALDR CHK TK RIG MGA MS SU
ULTA NKE KBH X CNX ......
BLOG does NOT give buy or sell.
Saleem
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