Friday, June 29, 2018

Indices closed UP .08% to .23%...NICE !!!!

Indices closed @ low of the day, not a good way to have a close.

S&P 500 @ 2718.37, high 2741.26, low 2718.03

RSI @ 44.34

CMF @ 0.031

Internals were :

UP volume led by 1.11 to 1 in NYSE & 1.35 to 1 in Nasdaq

Advancing stocks led by 1.51 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk lows were leading by 14 in NYSE & 4 in Nasdaq

VIX Down 4.51% @ 16.09

Oil @ $74.15

Gold @ $1254.50

Canadian $ @ .6856

Stocks which were UP 1% or more included IQ LRCX CIEN
OLED NTES FSLR CNQ SU VICR ABX GG ROKU SINA
TECK TSM AMAT CHK TK WYNN FNSR OSTK AEM 
NKE KBH CNX.....

In my portfolio ....Bought BIDU @ $245.50

Here is my weighting :

IQ                 21.60%

HUYA          18.80%

BIDU           18.10%

NVDA          17.60%

BZUN          14.90%

NEW              9.00%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, June 28, 2018

Indices closed UP .41% to .79%...NICE !!!!

Indices closed UP.

S&P 500 @ 2716.31, high 2724.34, low 2691.94

RSI @ 43.69

CMF @ 0.111

Internals were :

UP volume led by 1.84 to 1 in NYSE & 1.81 to 1 in Nasdaq

Advancing stocks led by 1.52 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk lows were leading by 205 in NYSE & 88 in Nasdaq

VIX Down 5.92% @ 16.85

Oil @ $73.45

Gold @ $1251.00

Stocks which were UP 2% or more BZUN HUYA IQ NVDA
SQ MOMO BILI OLED FSLR MS CTRP AMZN AMD
CSIQ JKS MA TWTR VRX NTNX ALDR MLNX 
FNSR OSTK.....

AH ER...NKE UP 10.18%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE staged a very weak oversold bounce, internals were mixed. There was very little conviction in today's move. As long weekend in Canada approaches and 4th of July holiday in USA, there is lack of interest in equities, these low participation days in a weak market leads to more down moves. we need to close positive in all indices for Friday's to have some comfort, that technicals are being repaired, talking of technicals Dow still below 200 DMA 4 day's in a row a rarity. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Indices UP .36% to .48%......

After crumbling yesterday we have a very weak bounce.

S&P 500 @ 2710.89, high 2711.66, low 2691.99

Internals are positive

Oil UP 80 cents

Gold Down $6.30

Canadian $ UP 88 tick @ .6751...interest rate expected to go up by .25% in 2 weeks in Canada..

VIX Down 1.79% @ 17.59

Portfolio BZUN HUYA IQ NVDA NEW

Most stocks are UP....

@ 2.04 following are red :

BIDU CRUS LRCX YY SOGO VICR HAL
DNKN EBAY EXPE AMAT FCX LVS
SBUX TECK YUM FEYE LNG FB
WYNN MGA MCD CMG AAL
X CNX....

BLOG does NOT give buy or sell.

Saleem

Wednesday, June 27, 2018

Indices closed down .68% to 1.54%....

Indices closed down.

S&P 500 @ 2699.63, low 2699.38, high 2746.09

RSI @ 38.23

CMF @ 0.0 52

Internals were :

Down volume led by 2.36 to 1 in NYSE & 4.17 to 1 in Nasdaq

Declining stocks led by 2.58 to 1 in NYSE & 4.11 to 1 in Nasdaq

Net new 52 wk lows were leading by 149 in NYSE & 34 in Nasdaq

VIX UP 12.5% @ 17.91

Oil @ $72.76

Gold @ $1256.10

AH news... ZG Down 4.07%, BBBY Down 5.35%
                   PIR Down 12.33%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was down 200 pre market with worldwide slump on trade issues, then turned positive before open, rallied to 285 in Dow and then went down 166 points to close @ low of the day. One cannot ask for a worse day from technical point of view. Internals were negative all the way with Nasdaq showing 4 to 1 negativity. Dow closed below 200 DMA for 3rd day in a row, S&P 500 is now below 50 DMA Nasdaq barely above 50 DMA. This TAPE has the feel, that it is one of those bear market type of action.

BLOG does NOT give buy or sell.

Saleem

Indices down .18% to .85%......

Indices started green and now all indices are in red, culprit being weakness in technology stocks.

S&P 500 @ 2715.31, low 2711.20, high 2746.09

Internals are negative but Nasdaq negative by 3 to 1...not a good technical picture for technology...

Oil UP $2.25

Gold Down $3.90

Canadian $ UP 3 tick @ .6696

VIX UP 9.92% @ 17.50

In my portfolio Sold MOMO $42.10

Portfolio BZUN HUYA IQ NVDA NEW

Most stocks are down

@ 2.27 following are green ;

DQ EAF CNQ HAL GS AAPL DNKN FCX MRVL
SU TSLA CHK RIG LNG TRIP M.....

BLOG does NOT give buy or sell.

Saleem

Tuesday, June 26, 2018

Indices closed UP .12% to .39%....NICE !!!!

Indices closed UP.

S&P 500 @ 2723.06, high 2732.91, low 2715.60

RSI @ 43.76

CMF @ 0.128

Internals were :

UP volume led by 1.52 to 1 in NYSE & 1.30 to 1 in Nasdaq

Advancing stocks led by 1.52 to 1 in NYSE & 1.43 to 1 in Nasdaq

Net new 52 wk lows were leading by 44 in NYSE & highs by 15 in Nasdaq

VIX Down 8.14% @ 15.92

Oil @ $70.53

Gold @ $1259.90

Stocks which were UP 2% or more included BZUN HUYA IQ NEW
DQ BILI OLED CNQ MU FCX JKS LEN NFLX ROKU CHK
LNG KBH X M ......

In my portfolio ...Bought MOMO @ $45.45 in AH

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged a weak oversold bounce, Dow still below 200 DMA. We need a positive close on Wednesday in all indices to confirm that this bounce has legs. Chinese small caps made a strong comeback today. Technology as a whole were behaving much better which is a good thing.

BLOG does NOT give buy or sell.

Saleem

Indices UP .46% to .75%...NICE !!!!

Indices are staging an oversold bounce after being trashed last 9 out of 10 days. Indices are near high of the day.

S&P 500 @ 2730.68, high 2732.91, low 2715.60

Internals are almost 2 to 1 

Oil UP $2.20

Gold Down $9.90

Canadian $ Down 12 tick @ .6696

VIX Down 11.94% @ 15.26

Portfolio BZUN HUYA IQ NVDA NEW

Most stocks are UP

@ 2.07 following are red :

MOMO YY WB FSLR EAF INTC HAL MS
ABX CSIQ EXPE DNKN MRVL SBUX
SPWR ALDR TK FEYE YELP GOOG
ULTA AAL.....

BLOG does NOT give buy or sell.

Saleem 

Monday, June 25, 2018

Indices closed down 1.33% to 2.09%.....

Indices closed down.

S&P 500 @ 2717.07, low 2698.67, high 2742.94

RSI @ 41.76

CMF @ 0.124

Internals were :

Down volume led by 3.82 to 1 in NYSE & 5.44 to 1 in Nasdaq

Declining stocks led by 3.29 to 1 in NYSE & 3.24 to 1 in Nasdaq

Net new 52 wk lows were leading by 136 in NYSE & 12 in Nasdaq

VIX UP 25.85% @ 17.33

Oil @ $68.08

Gold @ $1268.90

AH news...PCAR UP 9.09%, RUN Down 3.35%

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE followed escalation in trade war with China & EU, Dow is below 50 & 200 DMA, S&P 500 went below 50 DMA but closed a hair above, Nasdaq firmly above 50 & 200 DMA.
This trade tweets are totally out of control, everyday new escalation and there seems to be no stopping. Market will go through this uncertainty with a defined technical breakdown.

BLOG does NOT give buy or sell.

Saleem


Indices down 1.40% to 2.29%......

Trade war escalating in every possible way, expect more of the same going forward, currently " no way out "

S&P 500 @ 2714.39, low 2702.04, high 2742.94

Internals are negative by minimum 3 to 1

Oil Down 33 cents

Gold Down $2.20

Canadian $ Down 29 tick @ .6702

VIX UP 28.10% @ 17.64...high today 19.61

Portfolio BZUN HUYA IQ NVDA NEW

Most stocks are down

@ 2.12 following are green :

NEW CRUS SOGO CIEN FSLR CSIQ JKS LULU
ORCL KORS.....

BLOG does NOT give buy or sell.

Saleem

Sunday, June 24, 2018

Trade issues impacting markets.....

Trade war between US & rest of the world is taking a toll in traders / investors psyche. Most indices / sectors are feeling the pressure of trade uncertainty and its future impact on pricing / profitability.

Here is how RSI is looking after many weeks of  " tweet war "

GLD         30.72

FXI           33.05

TAN          42.42

DOW         43.21

SOX           44.16

XLE           50.02

S&P 500     52.74

Nasdaq        60.63

RUT            62.91

As you can clearly see that trade war is taking a huge toll on most index. Only Nasdaq and Russell 2000 are still healthy.

NOW...the question is, what happens in this week ?

Based on 24/7 tweets and rhetoric, it is not going to be any better.

Most rallies will be sold off.

The only way to trade is not only  " daytrade " but to sell on minor profit or risk losing profit plus further losses.

Maximum we have a window for swing trading, means buy today and maybe sell by end of next day.

Strong stocks took a huge hit last week losing about 25% of their gains.....

Chinese small cap are the latest victim of " price adjustment "

To say the least, profile of this market changed for the worse last week.

Can we have a sustained recovery in prices ?

That question will be answered by end of coming week....stay tuned!

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

        

Friday, June 22, 2018

Indices closed mixed......

Indices closed mixed with Dow & S&P 500 closing in green, Nasdaq took a day of rest & closed red.

S&P 500 @ 2754.88, high 2764.17, low 2752.68

RSI @ 52.74

CMF @ 0.141

Internals were :

UP volume led by 1.86 to 1 in NYSE & 1.02 to 1 in Nasdaq

Advancing stocks led by 2.05 to 1 in NYSE & 1.16 to 1 in Nasdaq

Net new 52 wk highs were leading by 68 in NYSE & 82 in Nasdaq

VIX Down 5.94% @ 13.77

Oil @ $68.58

Gold @ $1270.70

Canadian $ @ .6679

Stocks which were UP 1% or more included BILI DQ YY
NTES CNQ HAL SBUX SU CHK RIG LNG TWTR 
ORCL MCD AEM TSM CMG CNX......

In my portfolio :

SOLD BILI $15.95

SOLD 30% NVDA @ $251.25 & 40% AH @ $250.85

Added 60% HUYA @ $36.04

Added 50% IQ @ $36.15 in AH

Bought NEW @ $22.25

Here is my portfolio weighting after all buy's and sell's including AH.....

IQ            25.50%

BZUN     25.30%

HUYA     21.40%

NVDA    19.60%

NEW       8.20%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, June 21, 2018

Indices closed down .63% to .88%.....

Indices closed down.

S&P 500 @ 2749.76, low 2744.39, high 2769.28

RSI 51.12

CMF @ 0.210

Internals were :

Down volume led by 2.53 to 1 in NYSE & 2.11 to 1 in Nasdaq

Declining stocks led by 2.29 to 1 in NYSE & 2.58 to 1 in Nasdaq

Net new 52 wk low were leading by 65 in NYSE & highs by 98 in Nasdaq

VIX UP 14.46% @ 14.64

Oil @ $65.54

Gold @ $1270.50

In my portfolio Sold SOGO @ $12.50 in AH

AH ER...RHT Down 12.50%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure this time it took S&P 500, Nasdaq and RUT with it, Dow was down for 8 day in a row, all on trade uncertainties. Chinese small cap were under intense selling pressure after huge gains. Friday with Option expiry, it could be another down day. On Friday's there is only a closing BLOG around 7 PM.

BLOG does NOT give buy or sell.

Saleem


Indices down .37% to .58%.....

Indices are lower and digesting trade issues.

S&P 500 @ 2755.82, low 2748.04, high 2769.28

Internals are negative by almost 2 to 1

Oil UP 31 cents

Gold Down $2.90

Canadian $ UP 7 tick @ .6697.....near 1 year low against US$

VIX UP 10.48% @ 14.13...14.61 is high of the day....

Portfolio BILI BZUN HUYA IQ NVDA SOGO

Most stocks are down

@ 2.11 following are green :

LRCX NTES FSLR SQ MU GS MS FB BAC DNKN
AMAT FCX NFLX VRX CHK LNG ORCL CMG
AAL CNX......

BLOG does NOT give buy or sell.

Saleem


Wednesday, June 20, 2018

Indices closed mixed.....

Indices closed mixed.....

S&P 500 @ 2767.32, high 2774.86, low 2763.91

RSI @ 57.37

CMF @ 0.285

Internals were :

UP volume led by 1.47 to 1 in NYSE & 1.99 to 1 in Nasdaq

Advancing stocks led by 1.55 to 1 in NYSE & 1.80 to 1 in Nasdaq

Net new 52 wk highs were leading by 81 in NYSE & 206 in Nasdaq

VIX Down 4.19% @ 12.79

Oil @ $66.22

Gold @ $1274.50

Stocks which were UP 2% or more included BZUN HUYA IQ
WB YY PANW SQ NTES FB MRVL NFLX ROKU TSLA
TWTR LNG MLNX ULTA TSM PANW.....

AH news....MU UP 2.75%, HCP Down 3.8%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, Market was split again with Dow in red for 7 days while Nasdaq and Russell 2000 @ new all time high. Nasdaq was the strongest of big 3 index and RUT keeps making series of new all time highs. Hopefully on Thursday we will have all 3 major indices in green. Small cap have been amazing performers, it looks like this run may continue for a while.

BLOG does NOT give buy or sell.

Saleem

Indices UP .01% to .94%....NICE !!!!

Indices are higher after many days of selling on trade war news, Dow is barely green but Nasdaq is UP almost a 1%. Indices are @ high of the day.

S&P 500 @ 2773.27, high 2774.86, low 2763.91

Internals are positive by 2 to 1

Oil UP $1.06

Gold Down $5.40

Canadian $ Down 18 tick @ .6700....new 1 year low against US$

VIX Down 7.19% @ 12.39

Portfolio BILI BZUN HUYA IQ NVDA SOGO

Most stocks are UP

@ 2.09 following are red :

DQ OLED FSLR EAF SPLK HAL GS CTRP JD
AMD LULU SBUX YUM TRIP ORCL MCD
AEM CMG IBM NTNX.....

BLOG does NOT give buy or sell.

Saleem

Tuesday, June 19, 2018

Indices closed down .28% to 1.15%.....

Indices closed down.

S&P 500 @ 2762.57, low 2743.19, high 2765.05

RSI @ 56.02

CMF @ 0.271

Internals were :

Down volume led by 1.35 to 1 in NYSE & 1.47 to 1 in Nasdaq

Declining stocks led by 1.41 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk low were leading by 104 in NYSE & highs by 89 in Nasdaq

VIX UP 8.45% @ 13.35

Oil @ $65.07

Gold @ $1278.60

AH news....SYNA UP 10.61%, ROST Down 10.55%

In my portfolio :

Sold AH WB @ $101.107

Added 60% IQ @ $42.90 AH

Added 75% SOGO @ $13.93 AH

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was impacted by trade brawl with China, we trimmed our losses by close, but still a bad day overall. Hopefully we have a positive close on Wednesday which may calm nerves of traders. Chinese stocks took the brunt of selling in Shanghai, Hong Kong and in US, expect stability going forward.

BLOG does NOT give buy or sell.

Saleem

Indices down .43% to 1.10%.....

Indices are lower on tit for tat trade tariffs, unless stock market tanks this will go on for now.

S&P 500 @ 2761.97, low 2743.19, high 2762.28

Internals are negative, not as bad as expected..less than 2 to 1 negative

Oil Down $1.00

Gold Down $2.40

Canadian $ Down 75 tick @ .7727..a new 1 year low against US$.....

VIX UP 11.86% @ 13.77....high today 14.66...tame considering negativity...good for positive action in equities....

Portfolio BILI BZUN HUYA IQ NVDA WB

Most stocks are down

@ 2.16 following are green :

CIEN FSLR AMZN ABX EBAY AMAT NFLX
SPWR VRX ALDR RIG KBH CMG M CNX....

BLOG does NOT give buy or sell.

Saleem

Monday, June 18, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2773.87, low 2757.12, high 2774.99

RSI @ 60.23

CMF @ 0.236

Internals were :

UP volume led by 1.42 to 1 in NYSE & 1.27 to 1 in Nasdaq

Advancing stocks led by 1.20 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 4 in NYSE & 148 in Nasdaq

VIX UP 2.75% @ 12.31

Oil @ 465.85

Gold @ $1280.10

Stocks which were UP 1% or more included BILI HUYA IQ
SOGO SQ CNQ VICR SHOP SPLK FB GOOG AMD JKS
LULU LVS ROKU SPWR SU TSLA NTNX CHK TK RIG
LNG YELP FSLR WYNN TRIP OSTK KORS CMG M...

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE started 250 Dow points lower but closed mixed with Nasdaq showing green, this is all about trade war jitters. Tonight we have another $200 billion worth of Tariff @ 10% duty against Chinese goods being proposed by US, this is reaching beyond any rationale thinking. Futures are taking a hit BUT it is just a proposal. I see the same pattern as today, open sharply lower then recovery.

BLOG does NOT give buy or sell.

Saleem

Indices down .15% to .58%....

Indices worldwide reacted to increasing trade tension with US, Markets are near high of the day, trying to discount impact of trade war.

S&P 500 @ 2770.50, low 2757.12, high 2773.92

Internals are mixed...

Oil UP 83 cents

Gold UP $3.20

Canadian $ Down 10 tick @ .6791.....1 year low against US$.....thanks to trade war with US....

VIX UP 5.34% @ 12.62...high today 13.74

Portfolio BILI BZUN HUYA IQ NVDA WB

Most stocks are UP

@ 2.12 following are red :

BZUN WB MOMO LRCX PANW BIDU OLED
NTES EAF INTC CTRP AMAT FFIV LEN
SINA TSM VRX ALDR MLNX CRUS
SWKS KBH .....

BLOG does NOT give buy or sell.

Saleem

Sunday, June 17, 2018

Trade war with China heats up......

US has started a new round of tariff with China with a typical statement by Mr Trump against retaliation....almost laughable that I can impose tariff on you & hurt you but you cannot retaliate to protect your interest, same line was given to Canada but Canada is imposing retaliatory tariff after several weeks to allow cooler heads to prevail, sadly no cooler head exists in Washington.

How all this will affect stock market is neutral @ best but it can get complicated with each round of tit for tat tariff.

SO far market reaction has been tame and traders keep coming back to pick bargains, on Friday market closed @ high of the day with .10% to .34% losses.

RSI is giving us an interesting picture of where strength and weaknesses are :

Nasdaq          71.03

Russell 2000 70.49

S&P 500        62.46

SOX               62.15

DOW             56.09

XLE               43.15

TAN               34.89

GLD              33.71

As you can see that we have 2 clearly defined market, one is extremely strong with Nasdaq and Russell, S&P 500, SOX and DOW neutral, XLE, TAN & GLD in avoid category.

There is another category of Chinese $5 billion to $10 Billion market cap which is running away from IPO prices, many names to be noted BILI BZUN HUYA IQ MOMO to name a few.....

We need to recognize change in market makeup and adjust our portfolio quickly to optimize our returns.

What is working is obvious in RSI table, RSI in Chinese small caps are in 90's....so tread very carefully there, i have been doing daytrading on those position for several days.

On Friday in early pre market i made the following trades :

SOLD OLED @ $95.50

Bought HUYA @ $44.90

Bought IQ      @ $41.50

Here is my portfolio weighting :

NVDA      33.60%

WB           22.60%

BZUN       15.90%

HUYA       10.90%

BILI            9.30%

IQ               7.70%

Good luck with your own strategy and comfort level.

Thanks Stocktrader & Explorer for your EID greetings, much appreciated.

BLOG does NOT give buy or sell.

Saleem

Thursday, June 14, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2782.49, high 2789.06, low 2776.52

RSI @ 63.53

CMF @ 0.125

Internals were :

UP volume led by 1.03 to 1 in NYSE & 1.76 to 1 in Nasdaq

Advancing stocks led by 1.33 to 1 in NYSE & 1.35 to 1 in Nasdaq

Net new 52 wk highs were leading by 69 in NYSE & 159 in Nasdaq

VIX Down 6.34% @ 12.12

Oil @ $66.89

Gold @ $1308.30

Stocks which were UP 2% or more included BILI WB HUYA
IQ YY SQ VICR FB JD BABA JKS NFLX QRVO ROKU
TWTR ALDR OSTK CRUS.....

In my portfolio Sold HUYA @ $46.88

Portfolio BILI BZUN NVDA OLED WB

AH news....ADBE Down 3.04%, SOGO UP 4.48%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE mixed @ close but Nasdaq made another new all time high, Dow was down as Financials were weak. Economic news were strong that gave lift to Nasdaq. Chinese small cap keep flying north. Tomorrow is our EID which is a holiday after holy month of Ramadan, like Christmas, thus I will be busy, first to pray in the morning with friends, then busy with food and chatting with friends and relatives. Next BLOG will be on Sunday by 6 PM.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.....

Indices are mixed despite strong economic data in US.

S&P 500 @ 2782.53, high 2789.06, low 2776.52

Internals are positive.

Oil UP 8 cents

Gold UP $4.90

Canadian $ Down 1.15 @ .6901

VIX Down 7.19% @ 12.01

In my portfolio :

Bought BILI @ $20.50

Bought HUYA @ $39.62..both in pre market

Portfolio BILI BZUN HUYA NVDA OLED WB

Most stocks are higher.

@ 2.13 following are red ;

LRCX CNQ MU NTES MS BAC EBAY AMAT FCX
MRVL TECK TSM VRX NTNX WYNN GS FNSR
YELP ORCL ULTA KORS M.....

BLOG does NOT give buy or sell.

Saleem

Wednesday, June 13, 2018

Indices closed down .11% to .47%.....

Indices closed down.

S&P 500 @ 2775.63, low 2774.65, high 2791.47

RSI @ 62.07

CMF @ 0.144

Internals were :

Down volume led by 2.42 to 1 in NYSE & 1.05 to 1 in Nasdaq

Declining stocks led by 1.99 to 1 in NYSE & 1.27 to 1 in Nasdaq

Net new 52 wk highs were leading by 91 in NYSE & 181 in Nasdaq

VIX UP 4.86% @ 12.94

Oil @ $66.64

Gold @ $1301.30

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed @ low of the day, Fed policy statement had one element of surprise, an extra hike this year and 3 in 2019. US economy and worldwide economy is showing robust growth thus interest rates needs to go UP all over. Chinese small caps are in overdrive and may need to cool off, keep an eye on RSI for relative valuation.

BLOG does NOT give buy or sell.

Saleem

Indices down .07% to .20%.....

Indices are down on Fed policy announcement that 4 rate hikes this year vs 3, little bit of surprise.

S&P 500 @ 2781.39, low 2777.25, high 2791.47

Internals are mostly negative.

Oil UP 29 cents

Gold Down 50 cents

Canadian $ Down 20 tick @ .6967

VIX UP 2.35% @ 12.63

In my portfolio :

Sold CNQ $33.15

Sold BILI @ $20.15

Sold HUYA @ $38.25

Added 80% BZUN @ $64.34

Portfolio BZUN NVDA OLED WB

Most stocks are down

@ 2.56 following are green :

BILI HUYA WB PANW BIDU GS MS AMD FFIV
MRVL NFLX ROKU SPWR TWTR VRX NTNX
MLNX.....

BLOG does NOT give buy or sell.

Saleem


Tuesday, June 12, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2786.85, high 2789.80, low 2778.78

RSI @ 66.09

CMF @ 0.205

Internals were :

UP volume led by 1.15 to 1 in NYSE & 2.30 to 1 in Nasdaq

Advancing stocks led by .98 to 1 in NYSE & 1.18 to 1 in Nasdaq

Net new 52 wk highs were leading by 160 in NYSE & 176 in Nasdaq

VIX Down -0.08% @ 12.34

Oil @ $66.70

Gold @ $1299.40

Stocks which were UP 2% or more included BZUN
PANW SQ FSLR SHOP LULU SPWR TSLA
TWTR NTNX TRIP OSTK KORS KBH.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was neutral today and closed mixed, Nasdaq made a new all time closing high. Internals were mostly positive. All eyes are fixated on 2 PM Fed announcement of .25% rate hike, then guessing game starts for how many more. Economy is in good shape so rate increase will be taken as positive.

BLOG does NOT give buy or sell.

Saleem


Indices mixed......

Indices are mixed despite agreement in principle with North Korea. Market has moved its focus on more important things like Wednesday 2 PM announcement by Fed and conference call for explanation and direction of interest rates in US.

S&P 500 @ 2784.74, high 2789.80, low 2782.10

Internals are mostly positive.

Oil UP 10 cents

Gold Down $3.60

Canadian $ Down 49 tick@ .6975

VIX Down 3.32% @ 11.94

In my portfolio :

Sold BZUN @ $66.09

Bought HUYA @ $36.00

Portfolio BILI CNQ HUYA NVDA OLED WB

Most stocks are UP

@ 2.19 following are red :

CNQ BIDU NXPI MU MS FCX JKS SU TECK
ALDR CHK TK RIG LNG MGA ULTA AAL..

BLOG does NOT give buy or sell.

Saleem

Monday, June 11, 2018

Indices closed UP .02% to .19%....NICE !!!!

Indices closed UP.

S&P 500 @ 2782.00, high 2790.21, low 2780.17

RSI @ 65.19

CMF @ 0.163

Internals were :

UP volume led by 1.54 to 1 in NYSE & 1.44 to 1 in Nasdaq

Advancing stocks led by 1.23 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 181 in NYSE & 170 in Nasdaq

VIX UP 1.40% @ 12.35

Oil @ $66.10

Gold @ $1303.20

Stocks which were UP 1% or more included BZUN OLED HUYA
YY MOMO BIDU NTES EAF FB CTRP AMD EXPE JKS LVS
ROKU SPWR SU TSLA VRX CHK TK FEYE WYNN TRIP
FNSR IQ AEM CRUS KORS CMG AAL.....

AH news...URBN UP 4.42%, RH UP 21.75%
                DKS Down 2.54%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed UP but near low of the day as there was wait and see on North Korea meeting. Internals were positive. Considering uncertainty resulting from G7 which actually looked more like G6 +1 added more anxiety to investors psyche. I am hoping that Tuesday will be a strong day as positive outcome is anticipated from Singapore.

BLOG does NOT give buy or sell.

Saleem

Indices UP .21% to .30%.....NICE !!!!

Indices are higher despite trash talk against allies and love fest with North Korea and Russia. There is a very good chance that North Korea will agree to a deal tonight, thus expect another move UP in world markets.

S&P 500 @ 2787.41, high 2790.21, low 2780.17

Internals are positive.

Oil UP 48 cents

Gold UP 70 cents

Canadian $ Down 57 tick @ .7019

VIX UP .90% @ 12.29

In my portfolio :

Sold HUYA @ $36.20

Added 300% OLED @ $97.80

Portfolio BILI BZUN CNQ NVDA OLED WB

Most stocks are UP

@ 2.06 following are red :

BILI CNQ NVDA WB PANW SQ FSLR LRCX NXPI
VICR SHOP INTC SPLK JD CSIQ AMAT MA
MRVL MSFT QRVO SINA NTNX ALDR
RIG YELP MCD CNX......

BLOG does NOT give buy or sell.

Saleem