Thursday, March 29, 2018

Indices closed UP 1.07% to 1.64%...NICE !!!!

Indices closed UP after being deeply oversold.

S&P 500 @ 2640.87, high 2659.07, low 2609.72

RSI @ 42.77

CMF @ -0.083

Internals were :

UP volume led by 4.47 to 1 in NYSE & 2.21 to 1 in Nasdaq

Advancing stocks led by 3.70 to 1 in NYSE & 2.23 to 1 in Nasdaq

Net new 52 wk lows were leading by 21 in NYSE & 35 in Nasdaq

VIX Down 12.68% @ 19.97

Oil @ $64.94

Gold @ $1327.30

Canadian $ @ .7097

Stocks which were UP 4% or more included BZUN NVDA
FB MOMO JKS SPWR SINA TECK ALDR FNSR X ....

Here is my portfolio weighting :

MU      29.10%

NVDA  26.70% 

FSLR   21.80%

BZUN  13.20%

SNAP     9.20%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem 

Wednesday, March 28, 2018

Indices closed down .04% to .85%.....

Indices closed down.

S&P 500 @ 2605.00, low 2593.06, high 2632.65

RSI @ 37.05

CMF @ -0.124

Internals were :

UP volume led by 1.04 to 1 in NYSE & .57 to 1 in Nasdaq

Advancing stocks led by 1.07 to 1 in NYSE & .81 to 1 in Nasdaq

Net new 52 wk lows were leading by 101 in NYSE & 85 in Nasdaq

VIX UP 1.64% @ 22.87

Oil @ $64.38

Gold @ $1324.20

AH news...PRGS UP 5.3%, GME UP 2.54%, PVH UP 2.80%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under pressure again as technology stocks going through valuation adjustment to the downside. By close today , it has the feel that selling is exhausted. All major technology stocks has been taken for a major hair cut, this has taken the froth out completely.There is only a closing BLOG around 7 PM before long weekend this Thursday.

BLOG does NOT give buy or sell.

Saleem


Indices mixed......

Indices are mixed as Nasdaq continues its ride back towards support.

S&P 500 @ 2612.66, high 2632.65, low 2593.06

Internals are mixed

Oil Down 82 cents

Gold Down $17.90

Canadian $ Down 29 tick @ .7099

VIX UP 2.18% @ 22.99

Portfolio BZUN FSLR MU NVDA SNAP

Most stocks are down

@ 2.14 following are green :

FB GOOG DNKN EXPE LEN LULU MSFT SBUX
TWTR V VRX YUM ALDR FEYE YELP GS
TRIP MGA MCD ULTA TNA IBM M....

BLOG does NOT give buy or sell.

Saleem

Tuesday, March 27, 2018

Indices closed down 1.43% to 2.93%.....

Indices closed down.

S&P 500 @ 2612.62, low 2596.12, high 2674.78

RSI @ 37.80

CMF @ -0.156

Internals were :

Down volume led by 3.31 to 1 in NYSE & 4.89 to 1 in Nasdaq

Declining stocks led by 2.13 to 1 in NYSE & 3.36 to 1 in Nasdaq

Net new 52 wk lows were leading by 100 in NYSE & 34 in Nasdaq

VIX UP 6.99% @ 22.50

Oil @ $65.25

Gold @ $1342.00

AH news...LULU UP 6.53%, TRIP Down 3.3%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE did a reversal which surprised most traders. TAPE is very tricky to read, one day it is running UP 500 and very next day losing 500 from high, not a good trading environment or swing trading. Market is worried about many things including trade war, White House turmoil due to many departures and investigation. Conviction and patience with better behaving stocks is the answer until above plays out.

BLOG does NOT give buy or sell.

Saleem


Indices mixed....

Indices are mixed with Dow & S&P 500 in green while Nasdaq is down.

S&P 500 @ 2665.47, high 2674.78, low 2652.57

Internals are mixed with Nasdaq led by decliners.

Oil Down 13 cents

Gold Down $11.30

Canadian $ Down 30 tick @ .7131

VIX Down 4.04% @ 20.18

Portfolio BZUN CTRP FSLR MU NVDA SNAP

Most stocks are down

@ 1.32 following are green :

SNAP HAL AAPL JD CNQ FFIV LVS SBUX SU
TSM YUM TK LNG CIEN WYNN GS MGA
MS MCD ULTA NKE KBH CMG IBM 
AAL M CNX......

BLOG does NOT give buy or sell.

Saleem

Monday, March 26, 2018

Indices closed UP 2.72% to 3.26%...NICE !!!!

Indices closed UP.

S&P 500 @ 2658.55, high 2661.36, low 2601.81

RSI @ 42.59

CMF @ -0.176

Internals were :

UP volume led by 6.51 to 1 in NYSE & 4.14 to 1 in Nasdaq

Advancing stocks led by 3.30 to 1 in NYSE & 2.49 to 1 in Nasdaq

Net new 52 wk lows were leading by 168 in NYSE & 48 in Nasdaq

VIX Down 15.44% @ 21.03

Oil @ $65.55

Gold @ $1355.00

Stocks which were UP 4% or more included BZUN FSLR NVDA
AAPL WB AMZN BABA BAC AMAT JKS LRCX MSFT 
NFLX ROHU SPWR ALDR TRIP MGA MS TNA X.....

AH news...RHT UP 5.06%, OSTK Down 9.42%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE reacted aggressively to " quiet diplomacy " to resolve trade issues. Indices closed near high of the day, most internals were positive. We are all set to resume back to back gains in market. Technicals were so washed out, this quick bounce was predictable. Same old same old stocks are going UP the most.

BLOG does NOT give buy or sell.

Saleem




Indices UP 1.52% to 1.76%....NICE !!!!

Indices are higher after back door channel is actively working to resolve trade dispute with China, this is a huge relief to tweets and blame game with trading partners.

S&P 500 @ 2628.23, high 2639.26, low 2601.81

Internals are positive by 2 to 1 average.

Oil down 32 cents

Gold up $4.60

Canadian $ up 12 tick @ .7121

VIX down 8.77% @ 22.69

Portfolio BZUN CTRP FSLR MU NVDA SNAP

Most stocks are UP

@ 1.54 PM following are red :

MU SNAP FB GOOG MOMO SHOP NTES CNQ
AMD EXPE PCLN TSLA RIG LNG FNSR OSTK
KBH.....

BLOG does NOT give buy or sell.

Saleem

Sunday, March 25, 2018

Indices deeply oversold, ready to bounce!!!

World markets was given a stunning economic blow of trade war, no one expected that this will happen, thus a shocking response from stock market.

In any major selloff, indices have a tendency to touch 200 DMA, in extreme cases it goes below and then turn around.

S&P 500 is hair above 200 DMA and may dip below before turning UP.

DOW may do the same, all possible on Monday open.......

Nasdaq remained healthier, its half way between 50 DMA & 200 DMA.

Last week was the worst week in last 16 months, a record rarely attained in stock market.

Most stocks are either $20 down or are near 200 DMA....a rarity in most times, unless we are near a major bottom.

Friday had the feel of  " too low too fast "

We are on the verge of making a " u turn " north.....

Except for few exception, same strong stocks will lead this rally...AMZN NVDA NFLX  to name a few....

It will be a good idea to revisit your portfolio and see IF any swap makes sense.....

New funds allocation to equities near low is a winning strategy.

Initial target of indices should be towards 50 DMA......

For equities depending on which stock we are talking, talking 20 DMA, 50 DMA is a good focus.

Hoping, we have seen the low or pretty close to low.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, March 23, 2018

Indices closed down 1.77% to 2.43%.....

Trade war took a huge toll in world markets. By the time we closed, we had the worst week in 16 months. S&P 500 is literally hanging by a thread above 200 DMA, Dow slightly above 200 DMA, Nasdaq half way to 200 DMA....

S&P 500 @ 2588.26, low 2585.89, high 2657.67

RSI @ 29.98......deeply oversold

CMF @ -0.181

Internals were :

Down volume led by 4.96 to 1 in NYSE & 3.95 to 1 in Nasdaq

Declining stocks led by 3.95 to 1 in NYSE & 3.72 to 1 in Nasdaq

Net new 52 wk lows were leading by 201 in NYSE & 81 in Nasdaq

VIX UP 6.56% @ 24.87

Oil @ $65.88

Gold @ $1349.90

Canadian $ @ .7127

Stocks which closed green included HAL ABX GG KGC AEM
CSIQ SU WYNN NKE KBH CNX.....

Here is my portfolio weighting :

MU       27.20%

NVDA   24.20%

FSLR    19.50%

CTRP    12.10%

BZUN   11.60%

SNAP      5.40%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, March 22, 2018

Indices closed down 2.43% to 2.93%......

Indices closed down.

S&P 500 @ 2643.69, low 2641.59, high 2695.68

RSI @ 35.72

CMF @ -0.092

Internals were :

Down volume led by 9.52 to 1 in NYSE & 3.60 to 1 in Nasdaq

Declining stocks led by 4.51 to 1 in Nasdaq & 4.09 to 1 in Nasdaq

Net new 52 wk lows were leading by 104 in NYSE & 23 in Nasdaq

VIX UP 30.68% @ 23.34

Oil @ $64.30

Gold @ $1327.40

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

MU reported a beat in Sales and EPS and raising guidance for Q 3, this after raising guidance few weeks back .Gross margin is @ highest level and guiding @ highest gross margin. Conference call was most optimistic about MU current and future business trend.

Q 2 Sales actual $7.35 billion, estimate $7.28 billion

Q 2 EPS actual $2.82, estimate $2.74

Q 3 Sales guiding $7.40 billion , estimate $7.27 billion

Q 3 EPS guiding $2.83, estimate $2.63

Reward for all of the above..Down AH 4.01% ???

About market, TAPE was under extreme selling pressure which persisted until close, Dow down 724.42 points, S&P 500 Down 68.24 & Nasdaq down 178.61 points, all indices below 50 DMA, S&P 500 and Dow getting close to 200 DMA. Tonight China has a list of 128 imported items from US they want to retaliate with tariff, Pork is being mentioned as one of them. This trade war is going to take a toll on stock market.

BLOG does NOT give buy or sell.

Saleem

Indices down .99% to 1.03%......

Indices are down on fear of protracted trade war with China, which will have an effect on World economy. Indices have erased half of their losses. Nasdaq is below 50 DMA.

S&P 500 @ 2683.62, low 2661.78, high 2695.68

Internals are negative by 2 to 1, NYSE down volume leading by 4 to 1

Oil Down 77 cents

Gold UP $5.20

Canadian $ UP 2 tick @ .7101

VIX UP 12.37% @ 20.07, high today 22.70

In my portfolio Bought FSLR @ $72.20

Portfolio BZUN CTRP FSLR MU NVDA SNAP

Most stocks are down

@ 2.13 PM following are green :

SNAP AAPL LEN SBUX YUM MCD CMG.

After close MU is reporting, here are expectations :

Q2 Sales $7.28 Billion, EPS $2.74

Guidance Q3 Sales $7.27 Billion, EPS $2.63

Expecting MU to beat EPS by a wide margin and may guide higher.

BLOG does NOT give buy or sell.

Saleem

Wednesday, March 21, 2018

Indices closed down .18% to .26%......

Indices closed down.

S&P 500 @ 2711.93, low 2709.79, high 2739.14

RSI @ 45.74

CMF @ -0.072

Internals were :

UP volume led by 1.48 to 1 in NYSE & 1.22 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new 52 wk low were leading by 72 in NYSE & highs by 45 in Nasdaq

VIX Down 1.87% @ 17.86

Oil @ $65.17

Gold @ $1321.50

Stocks which were UP 1% or more included SNAP
FSLR MOMO NTES ABX GG KGC AEM CNQ
AMD CSIQ AMAT FCX LEN LRCX SU TECK
TSLA VECO FNSR VRX CHK TK RIG LNG
FEYE TWTR MGA OSTK TNA KBH CMG..

In my portfolio, in after hour mostly :

Bought NVDA  @ $249, minutes before close.

Bought BZUN AH @ $50.45

Bought MU AH @ $61.18

Portfolio MU 34.90%, NVDA29.40%, BZUN 14.90%, CTRP 14.60%, SNAP 6.20% in terms of weighting

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE reacted to Fed policy announcement and rate hike of .25%, first by going UP 250 points on the up move and usual down move came and we lost all the gains and closed @ low of the day.Fed was extremely supportive of this market by confirming total of 3 hikes in 2018 and potential of 3 in 2019 due to faster growth in GDP. Thursday, we should see appreciation of Fed's balanced approach articulated clearly.

BLOG does NOT give buy or sell.

Saleem

Indices UP .43% to .81%....NICE !!!!

Indices are @ high of the day after Fed raised interest rates by .25%, Fed statement was tinkered from last time. Q& A @ 2.30 with Fed chief may give more color to those changes in statement.

S&P 500 @ 2731.92, high 2739.14, low 2712.39

Internals are positive by 2 to 1

Oil UP $1.50

Gold UP $8.80

Canadian $ UP 1.39 cent @ .7068

VIX Down 7.09% @ 16.91

Portfolio CTRP SNAP

Most stocks are UP.

@ 2.14 following are down :

CTRP BZUN SQ AAPL JD BIDU WB SHOP

BABA JKS LVS PCLN SINA ALDR WYNN
SPLK ULTA AAL....

Blog does NOT  give buy or sell.

Saleem 

Tuesday, March 20, 2018

Indices closed UP .15% to .47%....NICE !!!!

Indices closed UP.

S&P 500 @ 2716.94, high 2724.22, low 2710.05

RSI @ 46.64

CMF @ -0.081

Internals were :

Down volume led by 1.17 to 1 in NYSE & 1.27 to 1 in Nasdaq

Declining stocks led by 1.28 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new 52 wk lows were leading by 105 in NYSE & 12 in Nasdaq

VIX Down 4.31% @ 18.20

Oil @ $63.40

Gold @ $1311.90

AH news...CRM Down 2.29%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE although closed green does not tell the whole story, internals were negative all over. Facebook story is far from over, it is being investigated by US, UK and Canada for violation of privacy policies, this may impact its profitability in the short term. Tomorrow @ 2 PM is new Fed chief first appearance on world scene in terms of policy matters. There is a consensus that new Fed chief will not rock this market, i think otherwise. 

BLOG does NOT give buy or sell.

Saleem

Indices UP .15% to .53%.....NICE !!!!

Indices are green despite Facebook facing issues in US & UK.

S&P 500 @ 2716.78, high 2724.22, low 2710.05

Internals are negative.

Oil UP $1.39

Gold Down $6.20

Canadian $ UP 3 tick @ .6928

VIX Down 1.16% @ 18.80

In my portfolio :

Sold NVDA @ $247.69

Sold FSLR @ $72.76

Sold BZUN @ $51.00

Portfolio CTRP SNAP

Most stocks are lower

@ 2.40 following are green :

BZUN CTRP FSLR NVDA SQ OLED MOMO 
WB SHOP FCX SINA SPWR SU CHK 
MLNX SPLK ......

BLOG does NOT give buy or sell.

Saleem

Monday, March 19, 2018

Indices closed down 1.35% to 1.84%....

Indices closed down.

S&P 500 @ 2712.92, low 2694.59, high 2741.38

RSI @ 45.85

CMF @ -0.098

Internals were :

Down volume led by 7.05 to 1 in NYSE & 4.13 to 1 in Nasdaq

Declining stocks led by 3.71 to 1 in NYSE & 2.67 to 1 in Nasdaq

Net new 52 wks lows were leading by 115 in NYSE & 0 in Nasdaq

VIX UP 20.38% @ 19.02

Oil @ $62.06

Gold @ $1317.80

AH news...ORCL Down 7.18%, DHI Down 4.07%
                  ARNA UP 24.8%,  TRUE UP 7.95%

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE reacted badly to many issues, first FB data breach then interest rate upcoming hike and finally deepening Russian probe, all this was just too much and Nasdaq took the biggest tumble and touched 50 DMA but closed well above. Dow and S&P 500 are lower than 50 DMA. Based on today's negativity, we may be looking @ another day of weak TAPE.

BLOG does NOT give buy or sell.

Saleem

Indices down 1.58% to 2.34%......

Facebook data breach is dragging down entire technology sector, fear of Fed decision on Wednesday is taking a toll also.

S&P 500 @ 2708.11, low 2696.43, high 2741.38

Internals are negative by minimum 4 to 1 to as high as 6 to 1

Oil Down 19 tick

Gold UP $5.60

Canadian $ UP 41 tick @ .6946

VIX UP 31.46% @ 20.47..high today 21.87

Portfolio BZUN CTRP FSLR NVDA SNAP

Most stocks are down

@ 2.07 following are green :

FSLR CSIQ ABX DNKN JKS SPWR OSTK AEM
KORS M.....

BLOG does NOT give buy or sell.

Saleem

Sunday, March 18, 2018

Indices may face headwinds from Fed policy...

Federal Reserve is all set to meet this Tuesday and interest rate hike of .25% is a given for 2 PM Wednesday.

Policy statement will be more in focus, any hint of more hikes than anticipated may be difficult for market to handle, currently total of 3 this year is in the cards.....

TAPE is still on sound footing, with Nasdaq near its peak of January, while S&P 500 closed above 50 DMA....

Dow is below 50 DMA, it needs to catch UP or will drag other indices down.

SOX has been strongest lately, semiconductor stocks are all flying, MU, LRCX are running away into new highs.

In FANG.....FB is the laggard still, this week may be critical, either it moves UP or falter again....

NVDA seems to be on right track, staying near new all time high and may run away to series of new highs......

Many software stocks are doing the same SPLK RHT are near new all time highs....

Many many stocks to look @ BZUN is in an explosive mode near new all time highs....

CTRP also showing sign of life.

What i am highlighting that many stocks are in runaway mode, every portfolio needs one stock like that, more the better.

Biggest hurdle for markets remain Trade war, Russian probe which may get deeper into the mix.

Make sure your portfolio is on sound footing with many challenges ahead, not to mention Fed policy statement.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Friday, March 16, 2018

Indices closed UP 0 to .29%....NICE !!!!

Indices closed UP, indices are churning based on many departures in White House, Russia probe and trade war.

S&P 500 @ 2752.01, high 2761.85, low 2749.97

RSI @ 52.89

CMF @ -0.110

Internals were :

UP volume led by 2.79 to 1 in NYSE & 1.67 to 1 in Nasdaq

Advancing stocks led by 2.07 to 1 in NYSE & 1.67 to 1 in Nasdaq

Net new 52 wk low were leading by 20 in NYSE & highs by 141 in Nasdaq

VIX Down 4.71% @ 15.80

Oil @ $62.34

Gold @ $1312.30

Canadian $ .6911.....1 year low against US$

Stocks which were UP 1% or more included BZUN CTRP FSLR
CNQ JKS SPWR LULU MU QRVO SU VECO CHK TK
RIG MLNX CRUS ULTA KORS TNA KBH X CNX....

Here is my portfolio weighting :

FSLR     27.30%

NVDA   26.10% 

CTRP    19.20%

BZUN   19.00%

SNAP      8.40%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, March 15, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2747.33, low 2741.47, high 2763.03

RSI @ 52.07

CMF @ -0.013

Internals were :

Down volume led by 1.94 to 1 in NYSE & 1.59 to 1 in Nasdaq

Declining stocks led by 1.72 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new 52 wk low were leading by 82 in NYSE & highs by 111 in Nasdaq

VIX Down 3.71% @ 16.59

Oil @ $61.19

Gold @ $1317.80

AH news..OSTK Down 13.9%,KODK UP 8.08%
                ADBE UP 3.76%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE continues to be sloppy with trade war anxiety, unless we get a major change of position it may get worse.Internals were mostly negative. This TAPE has entered a major uncertain period and i expect it to stay sloppy. Stay with strong stocks as they are performing well, Chinese ADR's have come to life even on down days.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 on trade uncertainty, Nasdaq is the weakest & Dow is strongest.

S&P 500 @ 2746.01, low 2741.47, high 2763.03

Internals are negative by 2 to 1

Oil UP 26 cents

Gold Down $7.30

Canadian $ Down 95 tick @ .6952.....lowest level in a year against US$

VIX UP .81% @ 17.37

Portfolio BZUN CTRP FSLR NVDA SNAP

Most stocks are down

@ 2.21 following are green :

BZUN SQ AAPL JD MOMO BIDU WB SHOP 
NTES BABA LRCX LVS MA SBUX V YUM
VECO FEYE CIEN GS MGA ORCL MCD
IBM .....

BLOG does NOT give buy or sell.

Saleem

Wednesday, March 14, 2018

Indices closed down .19% to 1.00%....

Indices closed down.

S&P 500 @ 2749.48, low 2744.38, high 2777.11

RSI @ 52.46

CMF @ 0.054

Internals were :

Down volume led by 1.84 to 1 in NYSE & 1.25 to 1 in Nasdaq

Declining stocks led by 1.35 to 1 in NYSE & 1.53 to 1 in Nasdaq

Net new 52 wk low were leading by 10 in NYSE & highs by 66 in Nasdaq

VIX UP 5.38%@ 17.23

Oil @ $60.96

Gold @ $1325.60

Stocks which were UP 1% or more included SNAP
SQ FB BABA EXPE KGC LULU MRVL NFLX
TWTR YELP MOMO TRIP MLNX ABX SPLK..

AH news....CTRP Down 5.62%, JBLU 4.48%

CTRP earnings report was confusing, its EPS is showing 14 cents 
& 24 cents...14 cents is a miss by 2 cents...but IF we take 24 cents then it is a beat by 8 cents

Sales was $980.5  million a miss by $19.5 million, but again in Zacks Sales expected are shown as $964.1 million which means a beat by $16.4 million......

Gross margin improved to 83% from 78%....Q4 yoy

Sales guidance for Q1 was growth of 9% to 11%..pretty much in line

So far in AH reaction is negative, but regular hour trading and 
analysts numbers will come into play.....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE opened higher,k but like a clockwork closed red, reason is potential retaliatory action by Chinese on US goods, EU is contemplating the same. Internals were weak. Strong stocks are acting well in this selling. We need clarity in trade policy otherwise we are heading into tit for tat actions by all countries.

BLOG does NOT give buy or sell.

Saleem
                   

Indices mixed....

Indices are mixed on renewed trade tension with China, US wants to impose tariff on $60 billion worth of imports.

S&P 500 @ 2754.95, low 2746.08, high 2777.11

Internals are mostly negative.

Oil UP 8 cents

Gold Down $2.40

Canadian $ UP 36 tick @ .7073

VIX UP 4.53% @ 17.09

Portfolio BZUN CTRP FSLR NVDA SNAP

Most stocks are UP

@ 1.49 following are red :

AAPL BAC AMD CSIQ DNKN LEN PCLN QRVO
ROKU TSLA ALDR VECO CHK FEYE CSIQ
CIEN GS MS OSTK CRUS ULTA KORS KBH
CMG X M CNX......

CTRP reports after close, here are the expectations :

Sales Q4 $1 billion, EPS 16 cents

Guidance Q1 Sales $1.11 billion, EPS 18 cents

Expecting an in line results and in line guidance, these results should be taken as positive by market, expected move +- 3.5%

BLOG does NOT give buy or sell.

Saleem

New PC kept updating last night....

My new PC went on updating mode which went on for hours.....

Around 11 PM last night...it was 54% done....

Thus was unable to interrupt updates....

Missed my last night BLOG...

Back on track for PM BLOG...

Thanks for your understanding......

Saleem

Tuesday, March 13, 2018

Indices down .14% to .55%.....

Indices are lower on Tillerson news, who was fired via tweet. Indices opened higher then could not ignore turmoil in White House.

S&P 500 @ 2774.22, low 2769.83, high 2801.90

Internals are negative.

Oil Down $1.03

Gold UP $6.00

Canadian $ Down 1.05 cent @ .7058

VIX UP 2.28% @ 16.14

Portfolio BZUN CTRP FSLR NVDA SNAP

Most stocks are down

@ 2.17 following are green :

WB ABX AMD FCX FFIV JKS LEN LULU MU
TECK VRX YUM ALDR CHK LNG CIEN 
MGA MCD ULTA KORS KBH CMG
M......

BLOG does NOT give buy or sell.

Saleem 

Monday, March 12, 2018

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2783.02, low 2779.26, high 2796.98

RSI @ 58.55

CMF @ 0.172

Internals were :

UP volume led by 1.42 to 1 in NYSE & 1.62 to 1 in Nasdaq

Advancing stocks led by 1.22 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 116 in NYSE & 247 in Nasdaq

VIX UP 7.79% @ 15.78

Oil @ $61.36

Gold @ $1320.80

Stocks which were UP 2% or more included FSLR
ABX GG MU TSLA VRX VECO FNSR TK
RIG.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong @ open but closed mixed, Nasdaq made another new all time high. Anxiety over trade tariff is playing a role in terms of retaliation by other countries.Internals were all positive. Friday's big gain played some role of digesting huge gains.

PS....was tied up in some chore and installing new HP PC, there is a battle of browsers Edge vs Chrome, my preference Chrome which Edge tried to kick out......

BLOG does NOT give buy or sell.

Saleem

Indices mixed......

Indices are mixed after being green @ open, Boeing is being blamed for 150 point slump in Dow, Nasdaq staying green.

S&P 500 @2786.45, low 2779.76, high 2796.98

Internals are positive

Oil Down 70 cents

Gold Down $2.80

Canadian $ Down 21 tick @ .7169

VIX UP 9.29% @ 16.00...does not look good for close.....

Portfolio BZUN CTRP FSLR NVDA SNAP

Most stocks are UP.

@ 2.16 following are red :

FB OLED MOMO WB SHOP CNQ AMD FFIV
LULU LVS MA NFLX PCLN ROKU SINA
V YUM FEYE LNG OSTK CRUS KORS
X M CNX......

BLOG does NOT give buy or sell.

Saleem

Sunday, March 11, 2018

Dow & S&P 500 to play catch up......

Nasdaq stole the show on Friday with a brand new record high close, Dow & S&P 500 are above 50 DMA......

Reason for this sudden surge are quite a few, some of them are :

-Face to face negotiation between US & North Korea....everything on the table no pre condition.

-Jobs growth of 313,000 was taken as just perfect with no growth in wage inflation.

-Tariffs were imposed with exemption to Canada & Mexico.

- Mr trump is softening his hardline approach to many foreign related issues, it took resignation of Mr Cohn to get a balanced view.

All of the above were major irritant to the psyche of market participants, they all came undone in a very quick 72 hours....never seen quadruple major issues gets resolved in such a short time frame.

Investing theme remains the same, stay with strong stocks and they will come back quickly.

Financials are making new 52 wk highs, but are miles away from new all time highs.

FB remains a laggard and AAPL defying iphone X sales issues.

I expect this week to be strong with Nasdaq making series of new all time highs.

This is a fast moving market in both direction.Sometimes you can catch a change in direction same day from open to close.

Get a quick sense as to what is really working  like NFLX, AMZN and what is NOT working TSLA JD.....

Lots of time still left to indulge in new highs stocks

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, March 9, 2018

Indices closed UP 1.74% to 1.79%....NICE !!!!

Jobs report was better than superb 313K vs 200K expected, that pushed Nasdaq to new all time high, Down & S&P 500 are above key technical level of 50 DMA.....new highs begets series of new highs.Indices closed @ absolute high of the day.

S&P 500 @ 2786.57, high 2786.57, low 2751.54

RSI @ 59.20

CMF @ 0.242

Internals were :

UP volume led by 4.44 to 1 in NYSE & 2.42 to 1 in Nasdaq

Advancing stocks led by 2.77 to 1 in NYSE & 2.81 to 1 in Nasdaq

Net new 52 wk highs were leading by 101 in NYSE & 235 in Nasdaq

VIX Down 11.49% @ 14.64

Oil @ $62.04

Gold @ $1324.00

Canadian $ @ .7177

Stocks which were UP 2% or more included CHK MOMO
GOOG OLED BIDU AMAT FCX GE LRCX MA MSFT
NFLX VECO YELP WYNN MS CRUS TNA AAL.....

Here is my portfolio weighting :

FSLR      26.90%

NVDA    25.90%

CTRP     19.20%

BZUN    19.00%

SNAP      9.00%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem