Thursday, May 31, 2018

Indices closed down .27% to 1.02%....

Indices closed down.

S&P 500 @ 2705.27, low 2700.68, high 2722.50

RSI @ 50.93

CMF @ 0.197

Internals were :

Down volume led by 2.95 to 1 in NYSE & 2.14 to 1 in Nasdaq

Declining stocks led by 1.84 to 1 in NYSE & 1.58 to 1 in Nasdaq

Net new 52 wk highs were leading by 34 in NYSE & 107 in Nasdaq

VIX UP 3.28% @ 15.43

Oil @ $67.04

Gold @ $1304.70

AH news...LULU 6.43%, GME Down 2.73%
                 WDAY Down 3.45%, ULTA Down 4.5%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under selling pressure thanks to tariffs and quick retaliatory messages from Mexico, Canada & EU. When more details comes out of tit for tat in tariff war, market may not like it.Internals were weak. FANG came to life in a bad TAPE which is a good thing.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Indices down .19% to 1.05%......

Indices are lower on imposition of tariffs by US on Aluminum and Steel imports from Canada, Mexico and EU, market is worried about trade war as retaliation is guaranteed.

S&P 500 @ 2706.57, low 2700.68, high 2722.50

Internals are negative by 2 to 1.

Oil Down $1.42

Gold Down $1.40

Canadian $ Down 93 tick @ .7034

VIX UP 7.97% @ 16.13

In my portfolio :

All in pre market....

Sold MOMO @ $43.75

Sold BILI @ $17.16

Sold HUYA @ $26.25

Portfolio BIDU CNQ WB

Most stocks are down :

@ 2.25 following are green :

BIDU MOMO RUN SQ BZUN NTES NVDA VICR
SHOP FB GOOG AMZN MSFT SINA TSM TWTR
ALDR TRIP TSM X.....

BLOG does NOT give buy or sell

Saleem


Wednesday, May 30, 2018

Indices closed UP .89% to 1.27%...NICE !!!!

Indices closed UP.

S&P 500 @ 2724.01, high 2729.34, low 2702.43

RSI @ 55.51

CMF @ 0.195

Internals were :

UP volume led by 7.46 to 1 in NYSE & 1.84 to 1 in Nasdaq

Advancing stocks led by 4.06 to 1 in NYSE & 2.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 150 in NYSE & 173 in Nasdaq

VIX Down 12.22% @ 14.94

Oil @ $68.21

Gold @ $1306.50

Stocks which were UP 2% or more included BILI CNQ HUYA
RUN BZUN VICR SPLK MS AMD FCX SU TECK TSLA
NYNX ALDR CHK TK RIG LNG YELP X M CNX....

AH news...TLYS UP 14.66%, AKS UP 5.46%
                 BOX Down 4.61%, CRSP Down 14.39%

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE showed its strength after a down day, internals were strong. Financials & oil were strong which gave markets reason to rally. After hour China PMI is better than expected, hopefully it will fuel another strong day for Chinese stocks. Russell made another new  all time high today.

BLOG does NOT give buy or sell.

Saleem

Indices UP .92% to 1.37%....NICE !!!!

Indices are higher as banks rebound.

S&P 500 @ 2726.49, high 2728.23, low 2702.43

Internals are positive by from 2 to 1 to almost 5 to 1...Nasdaq UP volume is the weakest.

Oil UP $1.56

Gold UP $1.70

Canadian $ UP 1.37 cent @ .7121

VIX Down 13.10% @ 14.79

In my portfolio Bought CNQ @ $34.90

Portfolio BIDU BILI CNQ HUYA MOMO WB

Most stocks are UP

@ 2.11 PM following are red :

BIDU MOMO MU CIEN NTES FSLR NXPI OLED
CTRP JKS ROKU AMAT SPWR CIEN FNSR
OSTK KORS AAL...

BLOG does NOT give buy or sell.

Saleem

Tuesday, May 29, 2018

Indices closed down .50% to 1.58%.......

Indices closed down.

S&P 500 @ 2689.86, low 2676.81, high 2710.67

RSI 47.53

CMF @ 0.216

Internals were :

Down volume led by 2.81 to 1 in NYSE & 1.46 to 1 in Nasdaq

Declining Stocks led by 1.49 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new 52 wk lows were leading by 79 in NYSE & UP 49 in Nasdaq

VIX UP 28.74% @ 17.02

Oil @ $66.73

Gold @ $1306.90

AH news...AZN Down 3.79%, TXMD Down 4.35%
                 CRM UP 4.67%, IMMP UP 11.02%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under tremendous pressure on familiar names ITALY & SPAIN, movie gets repeated every so often, world markets took it on the chin. Financials were under intense selling in USA, 10 year yield @ 2.79% headed south now ticking UP. Nasdaq held up relatively well compared to Dow which is a very good thing.

BLOG does NOT give buy or sell.

Saleem

Indices down .82% to 1.48%.......

Indices are lower on Italian election issues, 2 government have fallen in two weeks and anti EU is gaining momentum, this is rattling world markets.

S&P 500 @ 2679.80, low 2677.93, high 2710.67

Internals are negative by 2 to 1 minimum with declining volume leading by 4 to 1 in NYSE..

Oil Down $1.26

Gold Down $2.40

Canadian $ Down 31 tick @ .6980

VIX UP 33.51% @ 17.65

Portfolio BIDU BILI HUYA MOMO WB

Most stocks are down...

@ 2.21 following are green :

BILI MOMO MU RUN SQ NTES FSLR NXPI

VICR OLED AMAT TSLA TWTR LNG CSIQ
FB AEM KBH CMG ....

MOMO earnings report was outstanding, huge beat in Sales, EPS 
and much higher guidance, here is the summary:

Sales Q 1 actual $435.1 million vs expectations of $396.28 million

Q 1 EPS actual 63 cents vs expectations of 50 cents

Guidance $470.85 million vs expectations of $429.34 million

Stock is being rewarded in this sloppy market UP 14.74%

BLOG does NOT give buy or sell.

Saleem

Monday, May 28, 2018

World markets on hold, as US North Korea ready for heart to heart....

World markets are not celebrating resumption of dialogue between US & North Korea, they are all flat lining. Oil is tumbling further and gold taking a hit also.....

All in all not a reaction we wanted to see from news of the day.

Even US markets were not sure about daily news flows, some positive and some not so positive but overall market reaction flat to positive.

Lately markets are going nowhere fast.

Here is read on RSI in indices  and sectors.

RUT         65.41

SOX         63.67

Nasdaq     62.21

S&P 500  56.15

TAN         52.60

XLE        46.25

GLD       43.00

The above is a clear cut picture of a very bifurcated market, Russell hitting new all time highs, SOX recovering big time and Nasdaq on healthy ground.

S&P 500 is weak among big 3 indices.

TAN, XLE & GLD are hitting lows.....

Message of market is very clear, stay with what is working.

Bargain hunting only hurts in a very defined market like what we have.

Small cap Chinese stocks are doing very good recovery from low low valuation.

It looks like negative news flow may be contained till summit in Singapore.

Evaluating portfolio needs to be done on an ongoing basis to position for positive earning surprises.

Good luck with your own take of market and your own comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, May 25, 2018

Indices closed mixed....

Indices closed mixed as oil tanked on increasing supplies by Russia and Saudi Arabia. North Korea wants to negotiate which offset some negativity. Nasdaq closed green and Nasdaq internals were positive.

S&P 500 @ 2721.33, low 2714.99, high 2727.36

RSI @ 56.15

CMF @ 0.170

Internals were :

UP volume led by .55 to 1 in NYSE & 1.17 to 1 in Nasdaq

Advancing stocks led by .80 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new 52 wk highs were leading by 33 in NYSE & 78 in Nasdaq

VIX UP 5.5% @ 13.22

Oil @ $67.88

Gold @ $1303.70

Canadian $ @ .7026

Stocks which were UP 1% or more included BIDU BILI HUYA
NTES NXPI INTC CTRP LEN MRVL ROKU MLNX KBH
FNSR ORCL CRUS AAL.....

Here is my portfolio weighting :

BIDU      41.80%

WB         25.40%

MOMO   14.80%

HUYA     10.00%

BILI        8.00%

Next post by 6 PM on Monday....Monday US markets closed ....Toronto open along with world markets.

BLOG does NOT give buy or sell.

Saleem

Thursday, May 24, 2018

Indices closed down .02% to .30%....

Indices closed down.

S&P 500 @ 2727.76, low 2707.38, high 2731.97

RSI @ 58.15

CMF @ 0.176

Internals were :

Down volume led by 1.31 to 1 in NYSE & .80 to 1 in Nasdaq

Declining stocks led by 1.03 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk highs were leading by 22 in NYSE & 64 in Nasdaq

VIX Down .40% @ 12.53

Oil @ $70.71

Gold @ $1304.40

Stocks which were UP 2% or more included BILI HUYA
MU BZUN VICR AMD GG ROKU......

In my portfolio :

Sold NTES @ $222.48

Added 250% MOMO @ $39.35...

MOMO reports before open on Tuesday, Monday markets are closed...here are the expectations :

Q 1 Sales $396.17 million, EPS .50 cents
Guidance Q 2 Sales $429.21 million, EPS 53 cents 
Expecting a beat on Tuesday morning.....

AH news...MRVL UP 3.37%, NTNX Down 4.08%,
                  ROST Down 4.99%, ADSK Down 5.34%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down 

About market, TAPE was given not one but 2 jolt by US policy action, first auto tariff of 25% threat then cancellation of visit to Singapore in the middle of trading, Down tanked almost 300 points but indices fought back to highest level almost erasing all the losses, fractional loss on the day, a very good sign that market wants to go higher. 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 with Nasdaq being green after 300 points slump in Dow. US cancelling North Korea meeting caught markets by surprise.Indices are near high of the day.

S&P 500 @ 2728.96, low 2707.38, high 2731.97

Internals are mostly negative except Nasdaq advancing volume is in the lead.

Oil Down $1.21

Gold UP $15.10

Canadian $ Down 61 tick @ .7110

VIX UP 1.75% @ 12.80

Portfolio BIDU BILI HUYA MOMO NTES WB

Most stocks are UP.

@ 2.29 PM following are red :

NTES WB NXPI INTC HAL GS MS CNQ FFIV
MA MSFT TSLA SU ALDR TK RIG LNG 
YELP MLNX FNSR MGA ORCL OSTK
ULTA CMG IBM ....

BLOG does NOT give buy or sell.

Saleem


Wednesday, May 23, 2018

Indices closed UP .21% to .64%....NICE !!!!

Indices closed UP.

S&P 500 @ 2733.29, high 2733.33, low 2709.54

RSI @ 59.85

CMF @ 0.164

Internals were :

UP volume led by .82 to 1 in NYSE & 1.60 to 1 in Nasdaq

Advancing stocks led by 1.07 to 1 in NYSE & 1.15 to 1 in Nasdaq

Net new 52 wk low were leading by 17 in NYSE & highs by 42 in Nasdaq

VIX Down 4.84% @ 12.58

Oil @ $71.84

Gold @ $1289.60

AH news...BILI UP 7.40%, WSM UP 14.88%
                  NTAP Down 4.46%.....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

BILI reported a much stronger than expected Sales and narrower loss than expected in Q1

Sales RMB 868 million UP 105% yoy, EPS loss RMB 32 million vs loss of RMB 59.6 million year ago

Q1 Net margin loss 0.4% vs 14% net margin loss year ago

Guiding Sales Q2 RMB 970 million to RMB 1.00 billion

Very robust growth and strong guidance qoq......

About market, TAPE closed @ highest point of the day on dovish stand by Fed based on minutes of last meeting. TAPE remains dominated by news, now there is an investigation on Automobile imports on national security basis. Futures are down based on this after hour news. Expect market to close positive as TAPE has learned to ignore politically driven news.

BLOG does NOT give buy or sell.

Saleem

Indices mixed......

Indices are recovering from lows and are mixed currently on Fed minutes, which is willing to let inflation go above 2% on a temporary basis.

S&P 500 @ 2723.41, low 2709.54, high 2725.47

Internals are mixed

Oil Down 47 cents

Gold Down 60 cents

Canadian $ Down 51 tick @ .7132

VIX UP 1.36% @ 13.40

In my portfolio...Added 50% BILI @ 12.98

Portfolio BIDU BILI HUYA MOMO NTES WB

Most of the stocks are down

@ 2.20 PM following are green :

BIDU WB BZUN NVDA SHOP SPLK CTRP JD
LEN LULU NFLX SBUX ALDR CHK LNG
TWTR MU OSTK AMZN MCD AEM ULTA
KORS KBH CMG M PANW.....

After close BILI reports, it is its first report after
IPO, there is no published estimates, it is a fair 
expectation that :
EPS will be a loss scenario for a while, hopefully
Sales and loss will be better than indicated to
underwriters @ the time of IPO.

BLOG does NOT give buy or sell.

Saleem 

Tuesday, May 22, 2018

Indices closed down .21% to .72%......

Indices closed down.

S&P 500 @ 2724.44, low 2721.88, high 2742.24

RSI @ 58.03

CMF @ 0.149

Internals were :

Down volume led by 1.52 to 1 in NYSE & .90 to 1 in Nasdaq

Declining stocks led by 1.50 to 1 in NYSE & 1.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 156 in NYSE & 136 in Nasdaq

VIX UP 1.07% @ 13.22

Oil @ $72.13

Gold @ $1292.00

Stocks which were UP 1% or more included BILI HUYA WB
MU CTRP BAC FCX LRCX MRVL TK SWKS X.....

AH news...CTRP UP 3.59%, URBN Down 2.21%
                  XLNX Down 2.33%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down 

AH Gold UP

About market, TAPE opened green but quickly reacted to tweet from President Trump stating that he may not go to meeting with North Korea, further statement said that he is not happy with trade discussions with China, those were enough to erase any gain and we closed near low of the day, not a good way to end the day. This TAPE is extremely nervous about daily negative news on trade.

BLOG does NOT give buy or sell.

Saleem

Indices mixed....

Indices are trading mixed with Dow being red, news on ZTE status is confusing.

S&P 500 @ 2736.57, high 2742.24, low 2733.29

Internals are positive

Oil Down 14 cents

Gold UP $1.20

Canadian $ Down 22 tick @ .7193

VIX Down .54% @ 13.01

In my portfolio ...Bought MOMO @ $39.64

Portfolio BIDU BILI HUYA MOMO NTES WB

Most stocks are UP

@ 2.13 PM following are red :

SQ SHOP SPLK CSIQ DNKN EBAY GOOG LEN
LULU ROKU SBUX TSLA TWTR NTNX FEYE
YELP ORCL OSTK MCD ULTA KBH AAL
M PANW .....

BLOG does NOT give buy or sell.

Saleem 

Monday, May 21, 2018

Indices closed UP .54% to 1.21%....NICE !!!!

Indices closed UP.

S&P 500 @ 2733.01, high 2739.19, low 2725.70

RSI @ 60.50

CMF @ 0.154

Internals were :

UP volume led by 2.52 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 2.42 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new 52 wk highs were leading by 211 in NYSE & 175 in Nasdaq

VIX Down 2.53% @ 13.08

Oil @ $72.24

Gold @ $1290.90

Stocks which were UP 1% or more included MU SQ FSLR NXPI
INTC OLED JD GOOG BABA CSIQ JKS SPWR FFIV LRCX
LVS MSFT NFLX QRVO SPWR TSLA TSM TWTR CHK
WYNN FNSR ORCL CRUS KORS AAL M PANW CNX...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was higher on relief rally due to thaw in trade with China. Internals were positive. Dow was strong and Russell made another all time high. Many sectors were strong which had China linkage. Tuesday will be more of a non news driven market. 

BLOG does NOT give buy or sell.

Saleem

Indices UP .48% to 1.27%...NICE!!!!

Indices are UP on new strategy to resolve trade dispute with China.

S&P 500 @ 2732.56, high 2739.19, low 2725.70

Internals are positive by an average of 2 to 1

Oil UP 93 cents

Gold Down 60 cents

Canadian $ UP 69 tick @ .7189

VIX Down 1.56% @ 13.21

In my portfolio :

SOLD EAF @ $19.42

SOLD RUN @ $10.96

Added 80% BIDU @ $243.20

Bought BILI first @ $13.00 then added 125% @ $12.91

Portfolio BIDU BILI HUYA NTES WB

Most stocks are UP

@ 2.22 PM following are red :

BIDU NTES RUN BZUN CIEN NVDA VICR SHOP
SPLK ROKU NTNX TK FEYE OSTK X....

BLOG does NOT give buy or sell.

Saleem

Sunday, May 20, 2018

US Markets to rally hard on potential China trade deal....

US markets are all set to rally hard as we have an announcement of a potential framework for a trade deal with China.

Markets were bogged down with trade wars all over the globe, once China trade deal is done next could be deal with EU then NAFTA......

Here is the RSI snapshot of indices and sectors :

XLE        73.91

RUT        69.49

TAN        64.59

Nasdaq    57.76

S&P 500 56.47

Dow        55.95

SOX        54.97

As you can see with this table that XLE is clearly overbought as oil prices are @ 4 year high. RUT is getting overbought, while SOX , S&P 500, Dow and Nasdaq remains most undervalued sector.

AMAT earnings have impacted many semiconductor stocks which may have been overdone.

Most technicians are advocating buying from new 52 wk high list, i think it is a good approach IF we are going to rally hard.

This market has rewarded buying strength strategy.

NTES & BIDU have been subjected to overreaction and are ripe for major upturn.

Some stocks like WB has been beaten down since earnings and have made a nice base, support is here and its ready for a northbound turn.....

Just some of the overdone stocks, i am sure there are many who are in the same boat....

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, May 18, 2018

Indices closed mixed....


Indices closed mixed on trade issues with China and North Korea uncertainty.

S&P 500 @ 2712.97, low 2709.18, high 2719.50

RSI @ 56.47

CMF @ 0.150

Internals were :

Down volume led by 1.62 to 1 in NYSE & 1.09 to 1 in Nasdaq

Declining stocks led by 1.01 to 1  in NYSE & 1.03 to 1 in Nasdaq

Net new 52 wk highs were leading by 56 in NYSE & 116 in Nasdaq

VIX Down .07% @ 13.42

Oil @ $71.28

Gold @ $1291.30

Canadian $ @ .7107

Stocks which were UP 1% or more included EAF MOMO RUN
BZUN NXPI VICR SPLK AMD LEN ROKU ALDR FEYE
YELP OSTK KBH......

In my portfolio :

Sold MOMO @ $$40.35

Sold CIEN @ $25.44 

Bought BIDU First @ $259.32 & added 70% @ $257.71

Added 40% HUYA @ $19.87

Here is my portfolio weighting :

NTES     26.80%

WB         23.90%

BIDU      22.90%

RUN       10.00%

EAF         8.80%

HUYA     7.60%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell. 

Saleem 

Thursday, May 17, 2018

Indices closed down 0.09% to 0.22%.....

Indices closed down.

S&P 500 @ 2729.13, low 2711.36, high 2731.96

RSI @ 58.45

CMF @ 0.138

Internals were :

UP volume led by 1.19 to 1 in NYSE & .91 to 1 in Nasdaq

Advancing stocks led by 1.15 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new 52 wk highs were leading by 135 in NYSE & 129 in Nasdaq

VIX UP 0.07% @ 13.43

Oil @ $71.49

Gold @ $1289.40

AH news....AMAT Down 4.56%, JWN Down 6.95%
                   VJET UP 7.74%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE wanted to rally but uncertainty over North Korea summit and Bond yield rising was impacting but everything fell down in a hurry with the famous tweet that deal with China not probable. Internals held up for the most part in positive. Many stocks were strong in today's rally, a positive close on Friday is always welcome. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem


Indices down .26% to .47%.....

Indices are down on higher yield on 10 year @ 3.11%, Mr Trump latest tweet is saying that he is not optimistic about trade deal with China which pushed market to its low.

S&P 500 @ 2718.04, low 2711.36, high 2731.96

Internals are mixed with Nasdaq A / D line negative...

Oil Down 24 cents

Gold Down $1.50

Canadian $ Down 27 tick @ .7189

VIX UP 3.06% @ 13.83

In my portfolio :

Sold BZUN @ $53.20

Added 100% HUYA @ $19.90, 1st purchase @ $23.50

Bought NTES @ $247.00

Portfolio CIEN EAH HUYA MOMO NTES RUN WB

Most stocks are down

@ 2.25 PM following are green :

EAF MOMO BZUN NVDA VICR SHOP HAL CNQ
FCX SPWR SU NTNX CHK RIG YELP MLNX
ULTA KORS KBH M.....

BZUN earnings report was a beat in Sales and EPS 
and is guiding higher Sales in Q2.....BZUN UP 15.62%...

BLOG does NOT give buy or sell.

Saleem

Wednesday, May 16, 2018

Indices closed UP .25% to .63%...NICE !!!!

Indices closed UP.

S&P 500 @ 2722.46, high 2727.76, low 2712.17

RSI @ 59.08

CMF @ 0.147

Internals were :

UP volume led by 2.12 to 1 in NYSE & 1.94 to 1 in Nasdaq

Advancing stocks led by 1.92 to 1 in NYSE & 1.95 to 1 in Nasdaq

Net new 52 wk highs were leading by 99 in NYSE & 88 in Nasdaq

VIX Down 8.27% @ 13.42

Oil @ $71.49

Gold @ $1288.80

Stocks which were UP 1% or more included MU SQ BIDU
INTC SPLK OLED AMD CSIQ EXPE AMAT FCX JKS
LRCX LULU QRVO ROKU TECK TSM VRX CHK
RIG YELP HUYA WYNN MLNX FNSR KORS
NKE CMG AAL X M .....

AH News....NTES Down 6.54%, HUYA UP 2.76%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong despite higher yield and tension with North Korea. Market closed near high of the day, Many technology stocks participated in today's positive close. Higher bond yield has been discounted by participants as fact of life going forward. Get exposure to stocks which are performing well, semiconductor stocks are doing just that.Small caps are @ new all time high.

BLOG does NOT give buy or sell.

Saleem

Indices UP .32% to .72%....NICE !!!!

Indices are higher as traders and investors are ignoring higher 10 year bond yield @ 3.08% and North Korea withdrawal from meeting.

S&P 500 @ 2726.62, high 2727.33, low 2712.17

Internals are positive by minimum 2 to 1

Oil Down 14 cents

Gold UP $2.60

Canadian $ UP 89 tick @ .7217

VIX Down 6.90% @ 13.62

In my portfolio :

Sold MU $56.50

Added 125% EAF @ $19.59

Added 50% WB @ $103.40

Added 40% BZUN @ $45.05

Added 40% MOMO @ $37.34

Portfolio BZUN CIEN EAF MOMO RUN WB

Most stocks are UP

@ 2.13 PM following are red :

EAF RUN BZUN WB FSLR NXPI FB CTRP LEN
SINA ALDR FEYE OSTK PANW.....

Before open tomorrow BZUN reports, following are expected :

Q 1 Sales $139.67 million, EPS 8 cents

Guidance Q 2 Sales $147.39 million, EPS 14 cents

BZUN generally beats expectations, i expect the same this time also.

BLOG does NOT give buy or sell.

Saleem

Tuesday, May 15, 2018

Indices closed down .68% to .81%......

Indices closed down.

S&P 500 @ 2711.45, low 2701.91, high 2718.59

RSI @ 57.06

CMF @ 0.120

Internals were :

Down volume led by 1.48 to 1 in NYSE & 1.32 to 1 in Nasdaq

Declining stocks led by 1.76 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk lows were leading by 31 in NYSE & highs by 28 in Nasdaq

VIX UP 13.15% @ 14.63

Oil @ $71.00

Gold @ $1290.10

AH news...TEVA UP 4.68%, GOGO UP 5.19%
                 BOOT UP 9.97%, VSTM Down 11.07%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under mild selling pressure due to rising 10 year yield @ 7 year high of 3.08%, this is not unexpected and today it may have been discounted 3 or 4 interest rate hikes this year. Most stocks met severe pullback @ open but improved as the day came to an end. Expecting a positive day for Wednesday.

BLOG does NOT give buy or sell.

Saleem


Indices down .89% to 1.08%......

Indices are lower as 10 year yield is above 3.08%.

S&P 500 @ 2706.02, low 2702.26, high 2718.50

Internals are negative.

Oil UP 38 cents

Gold Down $28.60

Canadian $ Down 56 tick @ .7133

VIX UP 13.46% @ 14.67

In my portfolio :

Bought MU @ $54.03

Bought RUN @ $11.02

Bought EAF @ $18.93

Portfolio BZUN CIEN EAF MU MOMO RUN WB

Most stocks are down

@ 2.24 following are green :

EAF MU HUYA SQ VICR SPLK BAC AMD CSIQ
LULU LVS SPWR VRX CHK FEYE YELP OSTK
ULTA KORS NKE AAL M PANW CNX.....

BLOG does NOT give buy or sell.

Saleem

Monday, May 14, 2018

Indices closed UP .09% to .27%... NICE !!!!

Indices closed UP.

S&P 500 @ 2730.13, high 2742.10, low 2725.47

RSI @ 61.86

CMF @ 0.129

Internals were :

UP volume led by 1.12 to 1 in NYSE & 1.47 to 1 in Nasdaq

Declining stocks led by 1.10 to 1 in NYSE & 1.20 to 1 in Nasdaq

Net new 52 wk highs were leading by 92 in NYSE & 110 in Nasdaq

VIX UP 2.21% @ 12.93

Oil @ $71.06

Gold @ $1314.60

Stocks which were UP 1% or more included NXPI FSLR 
HUYA MU OLED BABA CNQ AMD JKS LRCX SU
MRVL SINA SPWR TECK TWTR CHK RIG SPWR
FNSR MGA OSTK CRUS SWKS X CNX....

AH news....AMPH UP 18.67%, VIPS Down 14.45%
                  A Down 6.88%....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE started strong then faded but closed UP. Internals were mixed. This TAPE needs digestive phase for a nice 6 week run from below 200 DMA, this means few days of pullback will resolve overbought conditions. Most stocks pulled back from highs which is telegraphing weakness. How we close becomes a focus.

BLOG does NOT give buy or sell.

Saleem

Indices UP .12% to .33%....NICE !!!!

Indices are slightly higher as we are getting overbought.Indices are @ low of the day.

S&P 500 @ 2726.94, low 2726.22, high 2742.10

Internals are mixed

Oil UP 19 cents

Gold Down $6.70

Canadian $ Down 2 tick @ .7207

VIX UP 3.79% @ 13.13

In my portfolio :

Sold NXPI @ $109.50

Sold FSLR @ $75.27

Portfolio BZUN CIEN MOMO WB

Most stocks are UP

@ 2.20 following are red :

BZUN CIEN SQ SHOP SPLK AAPL FB AMZN
LVS MA QRVO TSLA YUM NTNX FEYE
YELP WYNN TRIP MCD ULTA TNA
AAL PANW.....

BLOG does NOT give buy or sell.

Saleem

Sunday, May 13, 2018

Few days of digestive phase in market....

Indices have come a long ways from dipping below 200 DMA to firmly above 50 DMA all in a short time span of 6 weeks.

Russell is strongest of all and is staring @ new all time highs....

RSI will tell all of us that few days of digestive phase is necessary, here is a list of key indices / sectors for RSI :

Russell      65.59

Nasdaq     63.55

TAN         62.10

S&P 500  61.48

Dow         60.17

SOX        59.45

As you can clearly see that RUT is most overbought and SOX is still in Bargain area relatively speaking.

@ this stage in Market, it is important to have a diversified portfolio.

SOX can be an overweight in most portfolio.

Volume was below average in the last few days, that is a big concern.

We need volume to have conviction in this northbound direction.

Most earnings are out of the way which may create a situation of lower volume.

Most stocks are far far from their all time highs, this creates buying strategy based on strength of many sectors.

Buying the strength is a very  profitable strategy near 60 RSI area...

Chinese stocks are behaving very well, BIDU is leading the pack now.

Good luck with your own interpretation of this TAPE and your own comfort level.

It is never easy to make money on Wall Street.

BLOG does NOT give buy or sell.

Saleem