Monday, April 30, 2018

Indices closed down .61% to .82%.....

Indices closed down.

S&P 500 @ 2648.05, low 2648.04, high 2682.92

RSI @ 46.74

CMF @ -0.022

Internals were :

Down volume led by 2.54 to 1 in NYSE & 2.74 to 1 in Nasdaq

Declining stocks led by 1.73 to 1 in NYSE & 1.99 to 1 in Nasdaq

Net new 52 wk highs were leading by 59 in NYSE & 15 in Nasdaq

VIX UP 3.37% @ 15.93

Oil @ $68.57

Gold @ $1319.20

AH news ...NTRI UP 12.07%, CGNX Down 15.58%
                   ARAY Down 8.00%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE reversed and closed @ low of the day, sell the rally seems to be @ play, this reversal does not bode well for the health of this market. AAPL reports after close on Tuesday, that report may change the tone of this market IF it is not that bad as expected. We have churned for a while and it may have a climactic slump and then reverse to retain health of this TAPE.

BLOG does NOT give buy or sell.

Saleem

Indices down .23% to .48%.....

Indices gave up opening gains are in red. Indices are near low of the day.

S&P 500 @ 2657.34, low 2654.13, high 2682.92

Internals are negative.

Oil UP 39 cents

Gold Down $3.90

Canadian $ Down 8 tick @ .7166

VIX UP .91% @ 15.55.....quite tame...good for close ?

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are down

@ 2.44 following are green :

BZUN SNAP VICR SOXS SPLK HAL AAPL WB 
SHOP NTES BABA CNQ DNKN FFIV LULU 
LVS MA SINA TECK TSLA TSM TWTR
V YUM NTNX FEYE YELP WYNN
OSTK X CNX....

BLOG does NOT give buy or sell.

Saleem


Sunday, April 29, 2018

Indices looking weak.....

Despite stellar earnings, indices made a reversal on Friday.

INTC gave up all gains and closed red

AMZN gave up majority of its gains

Before we do further analysis, let us look @ key metrics in indices / sectors :

TAN              RSI 53.06          above 50 DMA

RUT             RSI 51.35          above 50 DMA

S&P 500     RSI 50.40            below 50DMA

Nasdaq       RSI  49.14          below 50 DMA

SOX           RSI   40.89         below 50 DMA and near 200 DMA

Stat for RSI & moving averages is not healthy for SOX @ all, this despite a major beat by AMD & INTC.....this does not bode well for Nasdaq, as they as goes Nasdaq, so goes market.

S&P 500 is below 50 DMA

Nasdaq came very close to taking out 50 DMA on Friday...but turned south right then.....

Russell is behaving well and staying above 50 DMA...gives some hope for US market....

TAN is the best behaving sector in the market which is Solar stocks, FSLR had a multi year high breakout on Friday and is poised to do the same in short order.

Caution is required until we clear 50 DMA in a decisive manner, meaning must stay above 50 DMA for @ least 3 consecutive trading days.

IF we do not break above 50 DMA, there is a chance we could dip below 200 DMA....

That may be a major trendline breakdown and must be taken seriously.

AAPL reports Tuesday...extremely critical report for this TAPE..as goes AAPL so goes Nasdaq and market......

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Friday, April 27, 2018

Indices closed mixed....

Indices closed mixed. Being Friday and weekly option expiry most stocks gave up huge gains despite good earnings. Monday will be a better indicator IF strong earnings are going to help stocks.

S&P 500 @ 2669.91, high 2677.35, low 2659.01

RSI @ 50.40

CMF @ 0.012

Internals were :

UP volume led by 1.30 to 1 in NYSE & .84 to 1 in Nasdaq

Advancing stocks led by 1.42 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 128 in NYSE & 5 in Nasdaq

VIX Down 5.11% @ 15.41

Oil @ $68.10

Gold @ $1323.40

Canadian $ @ .7135

Stocks which closed green included FSLR NVDA SQ
SOXS SPLK HAL BIDU SHOP NTES AMZN 
BABA CSIQ EXPE FFIV MSFT SINA VRX
TSLA ALDR ULTA NKE KBH CMG M
AAL CNX.....

Here is my portfolio weighting :

NVDA       29.30%

FSLR        26.90%

BZUN       14.10%

MOMO     12.30%

SNAP         9.20%

SQ             8.20%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, April 26, 2018

Indices closed UP .99% to 1.64%....NICE !!!!

Indices closed UP.

S&P 500 @ 2666.94, high 2675.48, low 2647.16

RSI @ 49.90

CMF @ 0.017

Internals were :

UP volume led by 1.93 to 1 in NYSE & 2.31 to 1 in Nasdaq

Advancing stocks led by 2.06 to 1 in NYSE & 1.66 to 1 in Nasdaq

Net new 52 wk highs were leading by 102 in NYSE & 3 in Nasdaq

VIX Down 8.97% @ 16.24

Oil @ $68.19

Gold @ $1317.90

Stocks which were UP 2% or more included FSLR MOMO SQ
INTC SPLK OLED FB MU BIDU WB SHOP AMZN BABA
AMD AMAT LRCX MA MRVL MSFT NFLX ROKU V
SBUX ALDR TK MLNX FNSR OSTK CRUS ULTA
NKE KBH CMG M....

AH news....X Down 6.37%, FLEX Down 17.37%
                  AMZN UP 6.49%, INTC UP 5.52%

FSLR reported a major beat in Sales & EPS
Sales actual $567.28 million vs expectations of $421.24 million
EPS actual 78 cents vs expectations of loss of 7 cents

FSLR is guiding same for the year due to some additional cost and 
order flow, ramp up in back half. Stock was down 8 cents AH.
I will not be surprised to see many upgrades by analysts as conference call was upbeat and had a sense of " under promise focus " so they could beat again by wide margin.

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE celebrated good earnings from FB & AMD by closing near high of the day. After hour most earnings are very impressive from AMZN INTC BIDU which should push Nasdaq UP sharply. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem
             

Indices UP 1.12% to 1.82%....NICE !!!!

Indices are higher on strong earnings from FB & AMD. Indices are @ high of the day.

S&P 500 @ 2670.71, high 2672.06, low 2647.16

Internals are positive by 2 to 1

Oil Down 1 tick

Gold Down $4.70

Canadian $ Down 28 tick @ .7131

VIX Down 6.78% @ 16.63

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are UP

@ 2.19 following are red :

VICR AAPL CTRP DNKN EBAY EXPE GG JKS
PCLN CIEN TRIP AAL CNX.....

AH FSLR reports, here are the expectations :

Q1 Sales $421.24 million, EPS -0.07

Q2 expectations Sales $574.29 million, EPS 31 cents

FSLR is on the verge of accelerating Sales and earnings.

Expecting better than expected report, stock expected to move 8%+-

BLOG does NOT give buy or sell.

Saleem

Wednesday, April 25, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2639.40, high 2645.30, low 2612.67

RSI @ 45.19

CMF @ -0.030

Internals were :

Down volume led by .94 to 1 in NYSE & 1.21 to 1 in Nasdaq

Declining stocks led by 1.33 to 1 in NYSE & 1.37 to 1 in Nasdaq

Net new 52 wk lows were leading by 198 in NYSE & 68 in Nasdaq

VIX Down 1.00% @ 17.84

Oil @ $68.05

Gold @ $1322.80

AH news....NTGR Down 7.53%, FB UP 7.33%
                   AMD UP 9.47%, CMG UP 10.67%

AH Futures UP

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE was impacted again by rising 10 yr yield currently @ 3.02%, highest level in 4 years. Due to extreme oversold condition indices came back and closed near high of the day, quite a reversal in a while.Earnings tonight are acting well in after hours. Tomorrow we may see a very strong day based on earnings and oversold conditions.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.....

Indices are mixed after going straight down from open, S&P 500 almost touched 200 DMA missed it by 3 points, Dow and Nasdaq stayed well above.Indices are near high of the day, a very good sign finally....

S&P 500 @ 2634.13, low 2612.67, high 2638.28

Internals are negative but improving big time.

Oil UP 17 cents

Gold Down $9.70

Canadian $ Down 33 tick @ .7134

VIX UP 2.61% @ 18.49...high today 19.84

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are down

@ 2.13 following are green :

VICR HAL AAPL MU GOOG ABX CNQ DNKN
AMAT LEN LRCX LULU SBUX SU VRX LNG
ALDR MLNX MGA ULTA KBH CMG X M...

BLOG does NOT give buy or sell.

Saleem 


Tuesday, April 24, 2018

Indices closed down 1.34% to 1.74%......

Indices closed down.

S&P 500 @ 2634.56, low 2617.32, high 2683.55

RSI @ 44.34

CMF @ -0.996

Internals were :

Down volume led by 1.66 to 1 in NYSE & 1.61 to 1 in Nasdaq

Declining stocks led by 1.82 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new 52 wk lows were leading by 62 in NYSE & 40 in Nasdaq

VIX UP 10.28% @ 18.02

Oil @ $67.70

Gold @ $1330.00

AH news...CREE UP 8.64%, SIX UP 5.65%
                  TXN UP 5.62%, TER Down 10.00%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was faced with rising interest rates with 10 year @ 3%, first time in 4 years, Dow slumped 550 points @ low of the day but made some improvement into close. Many leading stocks are being sold off in this slump. Earnings do not have lasting effect.

BLOG does NOT give buy or sell.

Saleem

Indices down 1.67% to 2.29%....

Indices are down on rising 10 year yield. Indices are @ low of the day trading above 200 DMA.

S&P 500 @ 2623.85, low 2623.33, high 2683.55

Internals are negative by 2 to 1

Oil Down 74 cents

Gold UP $9.00

Canadian $ UP 22 tick @ .7175

VIX UP 15.18% @ 18.82

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are down

@ 2.06 PM following are green :

ABX GG KGC JKS MRVL CIEN FNSR....

BLOG does NOT give buy or sell.

Saleem


Monday, April 23, 2018

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2670.29, high 2682.86, low 2657.99

RSI @ 49.64

CMF @ -0.017

Internals were :

Down volume led by .90 to 1 in NYSE & 1.48 to 1 in Nasdaq

Declining stocks led by 1.23 to 1 in NYSE & 1.39 to 1 in Nasdaq


Net new 52 wk lows were leading by 51 in NYSE & 29 in Nasdaq


VIX Down 3.20% @ 16.34


Oil @ $68.64


Gold @ $1324.00


AH news....CDNS UP 10.91%, SANM UP 15.16%
                   INCY Down 3.18%, EPZM Down 17.65%

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE struggled whole day with rising interest rates in US. By close S&P 500 sneaked into positive territory. Internals were also mixed. Most of the stocks were in red to reflect negative sentiment. Hopefully, we may see a much better day and close. VIX was giving signal whole day that equities are OK.

BLOG does NOT give buy or sell.

Saleem



Indices UP .02% to .15%....NICE !!!!

Indices are UP on oversold conditions.10 year rate @ 2.979 is putting pressure on indices...

S&P 500 @ 2673.70, high 2682.86, low 2668.44

Internals are mixed

Oil UP 4 cents

Gold Down $13.60

Canadian $ Down 92 tick @ .7151...interest hike on hold in Canada.....

VIX Down 3.55% @ 16.28

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are down

@ 2.03 following are green :

MOMO SNAP SPLK FB CTRP GOOG BAC CNQ AMD
DNKN EXPE LRCX LULU LVS MSFT SBUX VRX
RIG FEYE LNG TRIP FNSR MGA OSTK MCD
ULTA KORS NKE CMG IBM M......

BLOG does NOT give buy or sell.

Saleem

Sunday, April 22, 2018

Indices @ support......

Indices are all sitting @ support.

Dow, S&P 500 & Nasdaq are all sitting @ double bottom...

SOX sitting @ triple bottom......

Now the question is .....can we rally from here...

Here is how RSI is sitting :

SOX        40.38

GLD       49.12

Nasdaq   49.24

S&P 500 49.62

RUT        53.65

TAN        55.72

Based on above SOX is deeply oversold, this should rally hard, most attractive stock in this area is LRCX.

NFLX is looking good

GOOG may rally

AAPL and all its suppliers are in terrible technical health......

Russell is healthiest in all tech related area, sporting an RSI of 53.65...look for idea in small cap or play this index.....

Based on all of the above, we may have seen the worst already.....

Earnings are rolling in, make sure, you are looking for better than expected results.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, April 20, 2018

Indices closed down .82% to 1.27%....


Indices closed down on rising rates and concern about chips demand. Dow S&P 500 and Nasdaq closed below 50 DMA.

S&P 500 @ 2670.14, low 2660.61, high 2693.94

RSI @ 49.62

CMF @ -0.072

Internals were :

Down volume led by 2.09 to 1 in NYSE & 2.34 to 1 in Nasdaq

Declining stocks led by 2.02 to 1 in NYSE & 1.68 to 1 in Nasdaq

Net new 52 wk lows were leading by 51 in NYSE & 10 in Nasdaq

VIX UP 5.76% @ 16.88

Oil @ $68.38

Gold @ $1338.30

Canadian $ @ .7255

Stocks which closed green included MOMO SNAP SQ
WB SHOP BAC EBAY JKS LRCX LULU SINA
TWTR V CIEN WYNN MGA ULTA NKE M....

Here is my portfolio weighting :

NVDA      26.40%

FSLR       23.20%

SNAP      17.80%

BZUN     13.50%

MOMO  11.20%

SQ          7.90%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Thursday, April 19, 2018

Indices closed down .34% to .78% .....

Indices closed down.

S&P 500 @ 2693.13, low 2681.90, high 2702.84

RSI @ 53.14

CMF @ -0.102

Internals were :

Down volume led by 1.58 to 1 in NYSE & 2.66 to 1 in Nasdaq

Declining stocks led by 2.22 to 1 in NYSE & 1.71 to 1 in Nasdaq

Net new 52 wk highs were leading by 16 in NYSE & 45 in Nasdaq

VIX UP 2.31% @ 15.96

Oil @ $68.29

Gold @ $1348.80

AH news...ALKS UP 3.99%, RDNT UP 7.91%
                  LLNW UP 12.93%, TEAM Down 11.67%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under selling pressure due to weak orders in Semiconductor industry. Most semis were down in reaction. There was mini overbought situation which got corrected today. 10 year rate @ 2.92% also caused some concern. Hopefully Friday will be a positive close.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Indices down .51% to .88%.....

Indices are lower on poor sales projection from TSM, hitting hard smartphone makers and semiconductor sector.

S&P 500 @ 2686.43, low 2681.90, high 2702.84

Internals are negative by 2 to 1

Oil Down 15 cents

Gold Down $4.60

Canadian $ Down 31 tick @ .7343

VIX UP 5.06% @ 16.39.... quite tame considering importance of semi to Nasdaq

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are lower

@ 2.10 following are green :

MOMO SNAP MS FB CTRP GOOG AMZN BAC 
CNQ EBAY EXPE FCX ROKU SINA SPWR
TSLA TK RIG FEYE WB ULTA...

BLOG does NOT give buy or sell.

Saleem

Wednesday, April 18, 2018

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2708.64, high 2717.49, low 2703.63

RSI @ 55.62

CMF @ -0.147

Internals were :

UP volume led by 1.53 to 1 in NYSE & 1.45 to 1 in Nasdaq

Advancing stocks led by 1.26 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk highs were leading by 96 in NYSE & 113 in Nasdaq

VIX UP 2.30% @ 15.60

Oil @ $68.47

Gold @ $1353.50

Stocks which were UP 1% or more included FSLR SQ
HAL OLED CTRP MU SHOP AMZN BABA ABX
CNQ EBAY FCX JKS LVS SPWR SU TECK
TSLA CHK TK RIG LNG WYNN CMG
AAL M CNX......

AH news....AXP UP 3.42%, AA UP 3.87%
                  EGHT UP 7.18%, SNBR Down 10.16%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About markets,TAPE closed mixed with Dow being down, some earnings like LRCX & IBM impacted indices. Oil @ new 3 year high which signifies worldwide growth in economic activity.Many stocks are showing renewed strength which is good for future price action in equities.

BLOG does NOT give buy or sell.

Saleem

Indices mixed....

Indices are mixed with Dow in negative after huge 2 days UP move. IBM & LRCX are negatively impacting indices.

S&P 500 @ 2713.92, high 2717.49, low 2703.63

Internals are positive around 2 to 1

Oil UP $1.61

Gold UP $4.10

Canadian $ Down 87 tick @ .7368...Canadian Central Bank left interest rates unchanged.

VIX UP 4.26% @ 15.90

In my portfolio ....Added 33% SNAP @ $14.68

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are UP

@ 2.16 following are red :

BZUN SNAP VICR FB GOOG WB NTES BAC 
AMAT FFIV LRCX MRVL NFLX PCLN 
ROKU SBUX SINA TWTR YELP CIEN
SPLK MGA CRUS KORS NKE IBM

BLOG does NOT give buy or sell.

Saleem 

Tuesday, April 17, 2018

Indices UP .87% to 1.74%....NICE !!!!

Indices closed UP.

S&P 500 @ 2706.39, high 2713.34, low 2692.05

RSI @ 55.34

CMF @ -0.136

Internals were :

UP volume led by 3.17 to 1 in NYSE & 3.02 to 1 in Nasdaq

Advancing stocks led by 2.73 to 1 in NYSE & 2.14 to 1 in Nasdaq

Net new 52 wk highs were leading by 71 in NYSE & 92 in Nasdaq

VIX Down 7.91% @ 15.25

Oil @ $66.52

Gold @ $1349.50

Stocks which were up 3% or more included BZUN FSLR MOMO SQ SPLK GOOG WB SHOP AMZN AMD LRCX NFLX ROKU SPWR TWTR NTNX CIEN TNA......

AH news...ISRG UP 3.92%, IBM Down 5.71%
                 LRCX Down 6.42%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE has resumed its strong bull run by climbing above 50 DMA. Majority of stocks including Chinese stocks participated in today's UP move. Except for CMF internals were strong and positive. LRCX earnings reaction was negative and may impact Chip Equipment makers in particular and chips in general.

BLOG does NOT give buy or sell.

Saleem

Indices UP .89% to 1.69%...NICE !!!!

Indices are higher on risk on trade.All major indices are above 50 DMA, a sign of technical strength. Indices are near high of the day.

S&P 500 @ 2703.55, high 2708.39, low 2692.05

Internals are positive by 2 to 1

Oil UP 3 cents

Gold Down $1.50

Canadian $ UP 19 tick @ .7456

VIX Down 9.84% @ 14.93

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are UP

@ 1.58 PM following are red :

VICR GS MS PCLN TSLA TSM CHK FEYE MLNX
MGA AAL

BLOG does NOT give buy or sell.

Saleem

Monday, April 16, 2018

Indices closed UP .70% to .87%....NICE !!!!

Indices closed UP.

S&P 500 @ 2677.84, high 2686.49, low 2665.16

RSI @ 51.75

CMF @ -0.161

Internals were :

UP volume led by 2.79 to 1 in NYSE & 1.46 to 1 in Nasdaq

Advancing stocks led by 2.69 to 1 in NYSE & 1.82 to 1 in Nasdaq

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

VIX Down 4.88% @ 16.56

Oil @ $66.22

Gold @ $1350.70

Stocks which closed green included AAPL GOOG BIDU
WB AMZN BABA AMD EBAY EXPE AMAT FCX
LULU LVS MSFT ROKU SINA V YUM RIG LNG
FEYE YELP WYNN GS TRIP MGA MS AEM
ULTA TNA KBH CMG IBM AAL M PANW....

AH news LLNW UP 4.84%, NFLX UP 5.17%
                ROKU UP 5.84%

AH Futures UP

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE started higher right @ open and stayed UP until close, it attempted to take out 50 DMA by Dow and S&P 500 but it fell short by close. Many stocks participated in today's UP move, even some Chinese stocks came to life.Hopefully we take out 50 DMA tomorrow.

BLOG does NOT give buy or sell.

Saleem

Indices UP .82% to 1.08%....NICE !!!!

Indices are higher on Syrian risk off trade. Dow is slightly above 50 DMA, S&P 500 almost made it while Nasdaq is below 50 DMA.

S&P 500 @ 2681.01, high 2686.49, low 2665.16

Internals are positive to as high as 3 to 1 in NYSE.....

Oil Down $1.05

Gold UP $2.70

Canadian $ UP 40 tick @ .7430

VIX Down 5.46% @ 16.46

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are UP

@ 2.14 following are red :

FSLR MOMO SNAP SQ SPLK CTRP MU SHOP
NTES ABX CNQ CSIQ JKS MA MRVL NFLX
QRVO SPWR SU TECK TSLA FNSR OSTK
SWKS GG ......

BLOG does NOT give buy or sell.

Saleem

Sunday, April 15, 2018

Indices all set to rally hard......

Indices have digested Syrian strike issue nicely after early negative reaction.

Now that Syrian strike is out of the way, one more negative is behind us.

We should get a nice rally on Monday to celebrate " Mission Accomplished "

Yes...we have heard this jubilation before prematurely, but this time, it was meant to be one shot deal.

Another positive which is all set to go is earnings.

NFLX on Monday after close, should be a strong report.

LRCX on Tuesday after close, should be a good report.

These 2 important report should set a positive tone for the market.

We should also see all the indices get over the resistance of 50 DMA on Monday or Tuesday.

Trade may get another positive with NAFTA getting a positive tone already.....

Trade with China may not escalate into any brawl, Chinese are making all the right moves to rectify trade imbalance.....

With so many positives coming into play, what could go wrong....nothing that i can anticipate for next 48 hours.....

Strong stocks like NFLX, LRCX are a very good bet to bank on.....they are both well above 50 DMA....a rarity these days.....

AAPL is also above 50 DMA..it is worth noting...

Many stocks which are below 50 DMA may eventually move above.....

Many Chinese stocks are hitting lower end of their trading range, many regulatory issues are impacting, content shown or available is being zeroed in by regulatory body.

All in all, some opportunities are @ hand, while most need real fundamental and technical analysis to get comfort in selection.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, April 13, 2018

Indices closed down .29% to .50%.....

Indices closed down after being UP @ open, option expiry was the key reason for reversal.

S&P 500 @ 2656.30, low 2645.05, high 2680.26

RSI @ 48.87

CMF @ -0.213

Internals were :

Down volume led by 1.39 to 1 in NYSE & 2.57 to 1 in Nasdaq

Declining stocks led by 1.29 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk low were leading by 8 in NYSE & highs by 24 in Nasdaq

VIX Down 5.84% @ 17.41

Oil @ $67.39

Gold @ $1347.90

Canadian $ @ .7391

Stocks which closed green included HAL VICR AAPL FB ABX GG
AEM NFLX SU TECK TSLA VRX NTNX ALDR TK RIG SPWR
MLNX ORCL ULTA CNX.....

Here is my portfolio weighting :

NVDA    28.80%

FSLR     23.40%

BZUN    14.30%

SNAP    14.20%

MOMO 11.50%

SQ         7.90%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Thursday, April 12, 2018

Indices closed UP .83% to 1.21%....NICE !!!!

Indices closed UP.

S&P 500 @ 2663.99, high 2674.72, low 2653.83

RSI @ 49.85

CMF @ -0.218

Internals were :

UP volume led by 1.38 to 1 in NYSE & 2.42 to 1 in Nasdaq

Advancing stocks led by 1.20 to 1 in NYSE & 1.84 to 1 in Nasdaq

Net new 52 wk highs were leading by 11 in NYSE & 52 in Nasdaq

VIX Down 8.65% @ 18.49

Oil @ $67.07

Gold @ $1341.90

Stocks which were UP 2% or more included BZUN NVDA SQ
SPLK OLED MU BAC AMD AMAT FFIV LRCX LVS VRX
SPWR ROKU NTNX FEYE WYNN GS MS OSTK CRUS
ULTA X.....

AH news....PHM UP 2.65%, AVGO UP 4.18%
                   Z Down 5.22%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE enjoyed another day of higher close on non-imminent strike on Syria, All indices are getting close to 50 DMA. Internals were mostly positive. Technology seems to be in vogue again which is a good thing. There is only a closing BLOG on Friday's around & PM.

BLOG does NOT give buy or sell.

Saleem

Indices UP .82% to 1.21%....NICE !!!!

Indices are UP 3 days in lessening of Syrian retaliation.

S&P 500 @ 2662.43, high 2672.43, low 2653.83

Internals are positive and 2 to 1 in Nasdaq

Oil UP 2 cents

Gold Down $19.10

Canadian $ Down 16 tick @ .7406

VIX Down 6.87% @ 18.85

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are UP

@ 2.01 PM following are red :

MOMO FB WB NTES EXPE LEN PCLN SINA
TECK TSLA TWTR CHK TK RIG ABX AEM
M......

BLOG does NOT give buy or sell.

Saleem

Wednesday, April 11, 2018

Indices closed down .36% to .90%......

Indices closed down.

S&P 500 @ 2642.19, low 2639.25, high 2661.43

RSI @ 47.04

CMF @ -0.247

Internals were :

Down volume led by 1.07 to 1 in NYSE & 1.24 to 1 in Nasdaq

Declining stocks led by .97 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 14 in NYSE & 33 in Nasdaq

VIX Down 1.12% @ 20.24

Oil @ $66.70

Gold @ $1360.00

Stocks which were UP 1% or more included MOMO SNAP
ABX GG KGC AEM CNQ MRVL NFLX QRVO SU 
VRX ALDR CHK TK RIG LNG FEYE MLNX
FNSR .....

AH news....BBBY Down 14.23%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was faced with a new problem of Syrian conflict getting more treacherous with US aggressive focus. After 2 tweets TAPE adjusted to a reasonable close. Internals were weak. Today's action is quite encouraging.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.......

Indices mixed after a huge UP day yesterday. Fed minutes predicting more GDP growth, more inflation thus higher rates......

S&P 500 @ 2647.25, low 2641.07, high 2661.43

Internals are mixed

Oil UP $1.36

Gold UP $14.30

Canadian $ UP 3 tick @ .7402

VIX Down 2.34% @ 19.99

Portfolio BZUN FSLR MOMO NVDA SNAP SQ

Most stocks are UP.

@ 2.14 following are red :

NVDA CTRP GOOG BIDU SHOP BABA BAC
EXPE FCX LEN MA MSFT PCLN ROKU
TECK AMD SPWR WYNN GS MS OSTK
ULTA AAL X......

BLOG does NOT give buy or sell.

Saleem

Tuesday, April 10, 2018

Indices closed UP 1.67% to 2.07%...NICE !!!!

Indices closed UP.

S&P 500 @ 2656.87, high 2665.35, low 2635.78

RSI @ 48.75

CMF @ -0.252

Internals were :

UP volume led by 6.59 to 1 in NYSE & 2.95 to 1 in Nasdaq

Advancing stocks led by 3.16 to 1 in NYSE & 3.93 to 1 in Nasdaq

Net new 52 wk highs were leading by 22 in NYSE & 34 in Nasdaq

VIX Down 5.97% @ 20.47

Oil @ $65.51

Gold @ $1315.90

Stocks which were UP 2% or more included NVDA SNAP SQ
SPLK HAL FB CTRP MU BIDU WB SHOP AMZN BABA
BAC CNQ AMD AMAT FCX FFIV LVS LRCX MA MRVL
MSFT NFLX QRVO SINA TECK TSLA TWTR NTNX
ALDR CHK TK RIG LNG YELP CIEN TRIP MLNX
FNSR ORCL OSTK CRUS ULTA SWKS TNA X
CNX......

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE enjoyed trade war being out of focus, Indices enjoyed a strong day and maintained strength into close. Internals were mostly strong except for CMF which is still negative. Nasdaq enjoyed a rare strongest day in a long time, all high fliers were back in demand, FB was the big catalyst when testimony began, Mark was well prepared with all the answers and came out very convincing.

BLOG does NOT give buy or sell.

Saleem