Hi Stocktrader,
Sold NVDA @ $278.00
Sold SQ @ $85.95
All first thing in preparation market
Recommend profit taking in all position in this overbought TAPE.
Daytrading may be the best strategy.
Arrived safely in Richmond, Delta airlines service was Superb, flight arrived 45 minutes ahead of schedule.
Saleem
Thursday, August 30, 2018
Tuesday, August 28, 2018
Indices closed UP .03% to .16%....NICE !!!!
Indices closed UP.
S&P 500 @ 2897.52, high 2903.77, low 2893.50
RSI @ 68.73
CMF @ 0.107
Internals were :
Down volume led by 1.52 to 1 in NYSE & .99 to 1 in Nasdaq
Declining stocks led by 1.43 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 116 in Nasdaq
VIX UP 2.80% @ 12.50
Oil @ $68.53
Gold @ $1214.40
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE closed green again, S&P 500 went above 2900 for the first time and still closed @ new all time high. Internals were weak today after many days of gains and easing of trade tension with Mexico.
I am away from tomorrow for a wedding in Virginia until September 5th inclusive, in the meantime Stocktrader is always writing his buys and sells and closing market analysis in the comment section below, it will be a long comment section as it is being updated daily. please join Stocktrader daily for his valuable analysis about stocks FA & TA plus closing commentary.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2897.52, high 2903.77, low 2893.50
RSI @ 68.73
CMF @ 0.107
Internals were :
Down volume led by 1.52 to 1 in NYSE & .99 to 1 in Nasdaq
Declining stocks led by 1.43 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 116 in Nasdaq
VIX UP 2.80% @ 12.50
Oil @ $68.53
Gold @ $1214.40
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE closed green again, S&P 500 went above 2900 for the first time and still closed @ new all time high. Internals were weak today after many days of gains and easing of trade tension with Mexico.
I am away from tomorrow for a wedding in Virginia until September 5th inclusive, in the meantime Stocktrader is always writing his buys and sells and closing market analysis in the comment section below, it will be a long comment section as it is being updated daily. please join Stocktrader daily for his valuable analysis about stocks FA & TA plus closing commentary.
BLOG does NOT give buy or sell.
Saleem
Indices UP .08% to .20%....NICE !!!!
Indices are higher after some hesitation on trade agreement with Mexico. S&P 500 crossed 2900 for the first time today.
S&P 500 @ 2898.87, high 2903.77, low 2893.50
Internals are negative.
Oil Down 37 cents
Gold Down $5.50
Canadian $ UP 39 tick @ .7076
VIX UP .74% @ 12.25
Portfolio BZUN CRUS FB HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.19 following are UP :
SQ AMZN SPLK PANW BILI OLED SHOP AAPL
TECK TSM NTNX FNSR MGA OSTK AAL.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2898.87, high 2903.77, low 2893.50
Internals are negative.
Oil Down 37 cents
Gold Down $5.50
Canadian $ UP 39 tick @ .7076
VIX UP .74% @ 12.25
Portfolio BZUN CRUS FB HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.19 following are UP :
SQ AMZN SPLK PANW BILI OLED SHOP AAPL
TECK TSM NTNX FNSR MGA OSTK AAL.....
BLOG does NOT give buy or sell.
Saleem
Monday, August 27, 2018
Indices closed UP .77% to 1.01%....NICE !!!!
Indices closed UP.
S&P 500 @ 2896.74, high 2898.25, low 2884.69
RSI @ 68.58
CMF @ 0.115
Internals were :
UP volume led by 3.10 to 1 in NYSE & 4.36 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs were leading by 226 in NYSE & 189 in Nasdaq
VIX UP 1.42% @ 12.16
Oil @ $68.87
Gold @ $1216.00
Stocks which were UP 2% or more included BZUN HUYA IQ
LRCX AMD YY MOMO BILI SOGO WB OLED EAF MU
CNQ SHOP GS MS CTRP JD BABA AMAT TECK LNG
TWTR MGA SINA......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong as US & Mexico made a new trade deal, China & US are also in trade renegotiation, US & Canada are in a very lukewarm talk regarding trade dispute. S&P 500 and Nasdaq made a new all time high which is a very good thing. Expect this positive tone to continue based on momentum.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2896.74, high 2898.25, low 2884.69
RSI @ 68.58
CMF @ 0.115
Internals were :
UP volume led by 3.10 to 1 in NYSE & 4.36 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new 52 wk highs were leading by 226 in NYSE & 189 in Nasdaq
VIX UP 1.42% @ 12.16
Oil @ $68.87
Gold @ $1216.00
Stocks which were UP 2% or more included BZUN HUYA IQ
LRCX AMD YY MOMO BILI SOGO WB OLED EAF MU
CNQ SHOP GS MS CTRP JD BABA AMAT TECK LNG
TWTR MGA SINA......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong as US & Mexico made a new trade deal, China & US are also in trade renegotiation, US & Canada are in a very lukewarm talk regarding trade dispute. S&P 500 and Nasdaq made a new all time high which is a very good thing. Expect this positive tone to continue based on momentum.
BLOG does NOT give buy or sell.
Saleem
Indices UP .76% to 1.01%....NICE !!!!
Indices are higher on US & Mexican trade deal to replace NAFTA. Indices are near high of the day.
S&P 500 @ 2896.21, high 2898.25, low 2884.69
Internals are UP 2 to 1 to 4 to 1 in Nasdaq.
Oil UP 12 cents
Gold UP $1.40
Canadian $ UP 53 tick @ .7026
VIX UP 1.92% @ 12.22....surprising action in VIX today....
In my portfolio ...bought CRUS @ $44.57
Portfolio BZUN CRUS FB HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.03 PM following are red ;
SPLK NEW VICR LULU TSLA ALDR CHK FEYE
TRIP OSTK ULTA KORS CMG X M CNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2896.21, high 2898.25, low 2884.69
Internals are UP 2 to 1 to 4 to 1 in Nasdaq.
Oil UP 12 cents
Gold UP $1.40
Canadian $ UP 53 tick @ .7026
VIX UP 1.92% @ 12.22....surprising action in VIX today....
In my portfolio ...bought CRUS @ $44.57
Portfolio BZUN CRUS FB HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.03 PM following are red ;
SPLK NEW VICR LULU TSLA ALDR CHK FEYE
TRIP OSTK ULTA KORS CMG X M CNX....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 26, 2018
Market looking strong......
Market is showing renewed strength against all trade rhetoric, interest rate jitters......
Earnings are coming in better than expected and stocks being rewarded for good earnings.
Good stories going forward are being rewarded also, all a very good sign of new money wanting to join this party.
Indices are making new all time highs....Nasdaq, S&P 500 & RUT are in new all time high territory.
S&P 400 also closed @ new high.
Dow is next to join all time new high....
SOX is showing new life and may show strength going forward...
NFLX showing some strength...
WMT @ support may start moving UP again.....
CRUS showing sign of life...
SQ, NVDA, CRM, FFIV & TTWO in new all time highs....
Market is showing strong technical strength which requires opportunistic execution.....
Stocks like FB have made double bottom and may show renewed strength.....
Trade issues have been digested by market, Mexico & US are all set to make an agreement which will be positive, China may linger for a while before trade dispute is sorted out.
SO...we are looking @ new opportunity to improve our performance in this bullish environment.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Earnings are coming in better than expected and stocks being rewarded for good earnings.
Good stories going forward are being rewarded also, all a very good sign of new money wanting to join this party.
Indices are making new all time highs....Nasdaq, S&P 500 & RUT are in new all time high territory.
S&P 400 also closed @ new high.
Dow is next to join all time new high....
SOX is showing new life and may show strength going forward...
NFLX showing some strength...
WMT @ support may start moving UP again.....
CRUS showing sign of life...
SQ, NVDA, CRM, FFIV & TTWO in new all time highs....
Market is showing strong technical strength which requires opportunistic execution.....
Stocks like FB have made double bottom and may show renewed strength.....
Trade issues have been digested by market, Mexico & US are all set to make an agreement which will be positive, China may linger for a while before trade dispute is sorted out.
SO...we are looking @ new opportunity to improve our performance in this bullish environment.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, August 24, 2018
Indices closed UP .52% to .86%.....NICE !!!!
Indices closed near high of the day. S&P 500 and Nasdaq closed @ new all time high. Fed chief looking @ gradual hike in interest rates.
S&P 500 @ 2874.69, high 2876.16, low 2862.35
RSI @ 63.88
CMF @ 0.038
Internals were :
UP volume led by 2.36 to 1 in NYSE & 2.62 to 1 in Nasdaq
Advancing stocks led by 2.50 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk highs were leading by 154 in NYSE & 159 in Nasdaq
VIX Down 3.38% @ 11.99
Oil @ $68.72
Gold @ $1213.30
Canadian $ @ .6972
Stocks which were UP 2% or more included NVDA AMD
SPLK DQ PANW BIDU BILI EAF MU VICR SHOP ABX
CSIQ FCX GG KGC MA NFLX ROKU FEYE LNG
YELP JKS MLNX AEM.....
In my portfolio :
Sold AMD @ $23.50
Bought FB @ $174.32
Here is my portfolio weighting :
BZUN 20.50%
NVDA 18.40%
FB 15.70%
HUYA 13.50%
IQ 11.00%
SQ 10.60%
NXPI 10.30%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2874.69, high 2876.16, low 2862.35
RSI @ 63.88
CMF @ 0.038
Internals were :
UP volume led by 2.36 to 1 in NYSE & 2.62 to 1 in Nasdaq
Advancing stocks led by 2.50 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk highs were leading by 154 in NYSE & 159 in Nasdaq
VIX Down 3.38% @ 11.99
Oil @ $68.72
Gold @ $1213.30
Canadian $ @ .6972
Stocks which were UP 2% or more included NVDA AMD
SPLK DQ PANW BIDU BILI EAF MU VICR SHOP ABX
CSIQ FCX GG KGC MA NFLX ROKU FEYE LNG
YELP JKS MLNX AEM.....
In my portfolio :
Sold AMD @ $23.50
Bought FB @ $174.32
Here is my portfolio weighting :
BZUN 20.50%
NVDA 18.40%
FB 15.70%
HUYA 13.50%
IQ 11.00%
SQ 10.60%
NXPI 10.30%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, August 23, 2018
Indices closed down .13% to .30%......
Indices closed down.
S&P 500 @ 2856.98, low 2854.03, high 2868.78
RSI @ 59.35
CMF @ -0.021
Internals were :
Down volume led by 2.46 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 1.94 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 73 in NYSE & 136 in Nasdaq
VIX UP 1.31% @ 12.41
Oil @ $67.33
Gold @ $1194.00
AH news...ROST Down 5.23%, SPLK UP 6.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was UP @ open, then tweet storm took a toll with references to impeachment, market crash and Attorney General refusing to accept pressure and willingness to uphold law, all in all a very messy scenario. Chinese tit for tat tariffs came into effect also. Market weathered all this nicely and had minor loss by close, new highs were holding the lead. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2856.98, low 2854.03, high 2868.78
RSI @ 59.35
CMF @ -0.021
Internals were :
Down volume led by 2.46 to 1 in NYSE & 1.57 to 1 in Nasdaq
Declining stocks led by 1.94 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 73 in NYSE & 136 in Nasdaq
VIX UP 1.31% @ 12.41
Oil @ $67.33
Gold @ $1194.00
AH news...ROST Down 5.23%, SPLK UP 6.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was UP @ open, then tweet storm took a toll with references to impeachment, market crash and Attorney General refusing to accept pressure and willingness to uphold law, all in all a very messy scenario. Chinese tit for tat tariffs came into effect also. Market weathered all this nicely and had minor loss by close, new highs were holding the lead. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices mixed after being up earlier, talk of impeachment and market crash pulled indices down.Nasdaq remains positive.
S&P 500 @ 2858.95, low 2854.03, high 2868.79
Internals are negative
Oil Down 3 cents
Gold Down $9.50
Canadian $ Down 91 tick @ .6914
VIX Down .33% @ 12.21
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.43 following are UP:
AMD NVDA SQ FB AMZN YY DQ PANW MOMO
CIEN OLED SHOP AAPL CTRP GOOG CSIQ V
EXPE FFIV LULU MA MSFT ROKU TWTR
NTNX RIG FEYE YELP FNSR ORCL NKE
ULTA M .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2858.95, low 2854.03, high 2868.79
Internals are negative
Oil Down 3 cents
Gold Down $9.50
Canadian $ Down 91 tick @ .6914
VIX Down .33% @ 12.21
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.43 following are UP:
AMD NVDA SQ FB AMZN YY DQ PANW MOMO
CIEN OLED SHOP AAPL CTRP GOOG CSIQ V
EXPE FFIV LULU MA MSFT ROKU TWTR
NTNX RIG FEYE YELP FNSR ORCL NKE
ULTA M .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 22, 2018
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2861.82, low 2856.05, high 2867.54
RSI @ 61.31
CMF @ -0.033
Internals were :
UP volume led by .99 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks led by 1.16 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 119 in Nasdaq
VIX Down 4.74% @ 12.25
Oil @ $67.86
Gold @ $1203.30
Stocks which were UP 2% or more included AMD HUYA NVDA
YY SHOP GG TECK NTNX RIG FEYE LNG.....
AH news...JWN UP 2.39%, WSM UP 7.25%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE defied negativity due to conviction of 2 POTUS aides but closed mixed as Fed minutes revealed negative impact on US economy IF trade tariffs continue.Technology has been faring well for 5 days in a row, all UP days. All Indices look healthy and ready to make series of new all time highs in short order.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2861.82, low 2856.05, high 2867.54
RSI @ 61.31
CMF @ -0.033
Internals were :
UP volume led by .99 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks led by 1.16 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 119 in Nasdaq
VIX Down 4.74% @ 12.25
Oil @ $67.86
Gold @ $1203.30
Stocks which were UP 2% or more included AMD HUYA NVDA
YY SHOP GG TECK NTNX RIG FEYE LNG.....
AH news...JWN UP 2.39%, WSM UP 7.25%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE defied negativity due to conviction of 2 POTUS aides but closed mixed as Fed minutes revealed negative impact on US economy IF trade tariffs continue.Technology has been faring well for 5 days in a row, all UP days. All Indices look healthy and ready to make series of new all time highs in short order.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed despite 2 sentencing close to white house, traders knew this was part of expected scenario, sharp reaction in AH yesterday was because of double conviction hour apart, not part of expectations.
S&P 500 @ 2864.27, high 2867.54, low 2856.05
Internals were positive
Oil UP $2.09
Gold UP $5.30
Canadian $ UP 33 tick @ .6999
VIX Down 6.07% @ 12.08
In my portfolio added 100% SQ @ $75.05
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.21 following are red :
LRCX DQ BILI INTC CTRP JD BABA EXPE AMAT
LVS QRVO SBUX SPWR TSLA ALDR YELP MGA
FNSR ULTA KORS AAL M......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2864.27, high 2867.54, low 2856.05
Internals were positive
Oil UP $2.09
Gold UP $5.30
Canadian $ UP 33 tick @ .6999
VIX Down 6.07% @ 12.08
In my portfolio added 100% SQ @ $75.05
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.21 following are red :
LRCX DQ BILI INTC CTRP JD BABA EXPE AMAT
LVS QRVO SBUX SPWR TSLA ALDR YELP MGA
FNSR ULTA KORS AAL M......
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 21, 2018
Indices closed UP .21% to .49%...NICE !!!!
Indices closed UP.
S&P 500 @ 2862.96, high 2873.23, low 2861.32
RSI @ 61.75
CMF @ 0.019
Internals were :
UP volume led by 1.56 to 1 in NYSE & 3.20 to 1 in Nasdaq
Advancing stocks led by 1.89 to 1 in NYSE & 2.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 226 in NYSE & 165 in Nasdaq
VIX UP 2.96% @ 12.86
Oil @ $67.35
Gold @ $1200.00
Stocks which were UP 2% or more AMD BZUN IQ NVDA NXPI
CRUS MOMO BILI SOGO CIEN OLED MU INTC LEN MRVL
NFLX QRVO ROKU TSLA TWTR CHK FNSR OSTK KBH..
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was UP from open to close, Nasdaq performed the best, S&P 500 made a new all time high. S&P 500 was UP 4 days in a row and is the strongest index.AH there is 2 conviction which is very close to current administration thus futures are sharply lower, hopefully by open we should have a normal day by close, meaning green close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2862.96, high 2873.23, low 2861.32
RSI @ 61.75
CMF @ 0.019
Internals were :
UP volume led by 1.56 to 1 in NYSE & 3.20 to 1 in Nasdaq
Advancing stocks led by 1.89 to 1 in NYSE & 2.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 226 in NYSE & 165 in Nasdaq
VIX UP 2.96% @ 12.86
Oil @ $67.35
Gold @ $1200.00
Stocks which were UP 2% or more AMD BZUN IQ NVDA NXPI
CRUS MOMO BILI SOGO CIEN OLED MU INTC LEN MRVL
NFLX QRVO ROKU TSLA TWTR CHK FNSR OSTK KBH..
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was UP from open to close, Nasdaq performed the best, S&P 500 made a new all time high. S&P 500 was UP 4 days in a row and is the strongest index.AH there is 2 conviction which is very close to current administration thus futures are sharply lower, hopefully by open we should have a normal day by close, meaning green close.
BLOG does NOT give buy or sell.
Saleem
Indices UP .44% to .85%.....NICE!!!!
Indices are higher from open and is @ high of the day. S&P 500 is @ new all time high, good indicator of future technical strength, Nasdaq is the strongest index today.
S&P 500 @ 2871.68, high 2873.23, low 2851.51
Internals are positive by minimum 2 to 1 and maximum 4 to 1 in Nasdaq advancing stocks.
Oil UP 50 cents
Gold UP $5.50
Canadian $ UP 21 tick @ .6976
VIX Down 1.84% @ 12.26
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.05 following are red ;
YY DQ NEW EAF VICR SHOP JD DNKN LULU
MA V MSFT SINA ALDR WYNN TRIP MGA
MCD ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2871.68, high 2873.23, low 2851.51
Internals are positive by minimum 2 to 1 and maximum 4 to 1 in Nasdaq advancing stocks.
Oil UP 50 cents
Gold UP $5.50
Canadian $ UP 21 tick @ .6976
VIX Down 1.84% @ 12.26
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.05 following are red ;
YY DQ NEW EAF VICR SHOP JD DNKN LULU
MA V MSFT SINA ALDR WYNN TRIP MGA
MCD ......
BLOG does NOT give buy or sell.
Saleem
Monday, August 20, 2018
Indices closed UP .06% to .35%....NICE !!!!
Indices closed UP.
S&P 500 @ 2857.05, high 2859.76, low 2850.62
RSI @ 60.37
CMF @ 0.051
Internals were :
UP volume led by 2.24 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 2.36 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 184 in NYSE & 76 in Nasdaq
VIX Down 1.19% @ 12.49
Oil @ $66.43
Gold @ $1194.60
Stocks which were UP 1% or more included
AMD BZUN HUYA IQ NVDA SQ
YY MOMO BILI WB OLED NTES
FSLR MU HAL GS CTRP JD BABA
FFIV LEN LULU NFLX ROKU SINA
CHK TK RIG WYNN ULTA KORS NKE
KBH CMG AAL X M .......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was positive from open until close, Indices closed near high of the day. Internals were positive. Chinese small caps were rebounding nicely from deep slump. FB, AMZN and INTC missed this rally. It will be nice IF Nasdaq builds strength from here.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2857.05, high 2859.76, low 2850.62
RSI @ 60.37
CMF @ 0.051
Internals were :
UP volume led by 2.24 to 1 in NYSE & 1.96 to 1 in Nasdaq
Advancing stocks led by 2.36 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 184 in NYSE & 76 in Nasdaq
VIX Down 1.19% @ 12.49
Oil @ $66.43
Gold @ $1194.60
Stocks which were UP 1% or more included
AMD BZUN HUYA IQ NVDA SQ
YY MOMO BILI WB OLED NTES
FSLR MU HAL GS CTRP JD BABA
FFIV LEN LULU NFLX ROKU SINA
CHK TK RIG WYNN ULTA KORS NKE
KBH CMG AAL X M .......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was positive from open until close, Indices closed near high of the day. Internals were positive. Chinese small caps were rebounding nicely from deep slump. FB, AMZN and INTC missed this rally. It will be nice IF Nasdaq builds strength from here.
BLOG does NOT give buy or sell.
Saleem
Indices UP .11% to .40%.....NICE !!!!
Indices are higher after being sold off last week on Turkey currency slump.Indices are @ high of the day.
S&P 500 @ 2858.35, high 2858.72, low 2850.62
Internals are positive by 2 to 1.
Oil UP 47 cents
Gold UP $10.30
Canadian $ UP 2 tick @ .6944
VIX Down 1.58% @ 12.44
In my portfolio ...Added 80% AMD @ $19.70
AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are higher
@ 2.00 following are red :
FB AMZN PANW SOGO VICE SHOP INTC
MS AAPL MSFT QRVO TSLA TWTR V
NTNX FEYE YELP MLNX SWKS....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2858.35, high 2858.72, low 2850.62
Internals are positive by 2 to 1.
Oil UP 47 cents
Gold UP $10.30
Canadian $ UP 2 tick @ .6944
VIX Down 1.58% @ 12.44
In my portfolio ...Added 80% AMD @ $19.70
AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are higher
@ 2.00 following are red :
FB AMZN PANW SOGO VICE SHOP INTC
MS AAPL MSFT QRVO TSLA TWTR V
NTNX FEYE YELP MLNX SWKS....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 19, 2018
Indices looks oversold......
Indices have been oversold due to latest crisis of Turkey and its impact on Turkish Lira which has been clobbered.
Here is RSI on key index and sectors :
GLD 31.07
XLE 36.60
SOX 36.88
Nasdaq 52.29
RUT 54.38
S&P 500 58.75
DOW 61.68
Technically GLD & SOX are the weakest both below 50 & 200 DMA.
XLE is a tad better above 200 DMA but below 50 DMA
RUT and Nasdaq hair above 50 DMA
As is clear from above RSI numbers Dow is the only index which is in healthy territory....
S&P 500 is second best index.......
Nasdaq weakness is very surprising, it is mainly because of uncertainty in trade between US & China.
China & US have announced that they are meeting to resolve tit for tat tariffs, even after this announcement, there was a very weak rally in Nasdaq.
Chinese stocks have suffered extensively in this China / Trade related selling and are trading near lows.....
BABA is reporting this week on Thursday before open, hopefully a good earnings report will dispel weakness in Chinese local or regional economies where BABA operates.
I am hoping we dig out of this technology slump, and move towards normalized valuation.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Here is RSI on key index and sectors :
GLD 31.07
XLE 36.60
SOX 36.88
Nasdaq 52.29
RUT 54.38
S&P 500 58.75
DOW 61.68
Technically GLD & SOX are the weakest both below 50 & 200 DMA.
XLE is a tad better above 200 DMA but below 50 DMA
RUT and Nasdaq hair above 50 DMA
As is clear from above RSI numbers Dow is the only index which is in healthy territory....
S&P 500 is second best index.......
Nasdaq weakness is very surprising, it is mainly because of uncertainty in trade between US & China.
China & US have announced that they are meeting to resolve tit for tat tariffs, even after this announcement, there was a very weak rally in Nasdaq.
Chinese stocks have suffered extensively in this China / Trade related selling and are trading near lows.....
BABA is reporting this week on Thursday before open, hopefully a good earnings report will dispel weakness in Chinese local or regional economies where BABA operates.
I am hoping we dig out of this technology slump, and move towards normalized valuation.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, August 17, 2018
Indices closed UP .13% to .43%.....NICE !!!!
Indices closed UP on optimism around China US trade deal.
S&P 500 @ 2850.13, high 2855.63, low 2850.13
RSI @ 58.75
CMF @ 0.069
Internals were :
UP volume led by 3.78 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 2.45 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 24 in Nasdaq
VIX Down 6.02% @ 12.64
Oil @ $65.91
Gold @ $1184.20
Stocks which were UP 2% or more included AMD BZUN
BIDU NTES AAPL GG KGC MGA AEM ....
Here is my portfolio weighting :
BZUN 23.60%
NVDA 20.10%
HUYA 16.10%
NXPI 12.30%
IQ 12.20%
AMD 9.70%
SQ 6.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2850.13, high 2855.63, low 2850.13
RSI @ 58.75
CMF @ 0.069
Internals were :
UP volume led by 3.78 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 2.45 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 24 in Nasdaq
VIX Down 6.02% @ 12.64
Oil @ $65.91
Gold @ $1184.20
Stocks which were UP 2% or more included AMD BZUN
BIDU NTES AAPL GG KGC MGA AEM ....
Here is my portfolio weighting :
BZUN 23.60%
NVDA 20.10%
HUYA 16.10%
NXPI 12.30%
IQ 12.20%
AMD 9.70%
SQ 6.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 16, 2018
Indices closed UP .42% to 1.58%....NICE !!!!
Indices closed UP.
S&P 500 @ 2840.69, high 2850.49, low 2831.44
RSI @ 56.50
CMF @ 0.014
Internals were :
UP volume led by 2.93 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 2.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 42 in NYSE & 21 in Nasdaq
VIX Down 8.13% @ 13.45
Oil @ $65.46
Gold @ $1184.00
Stocks which were UP 1% or more included BZUN HUYA
DQ PANW BIDU MOMO BILI SOGO WB CIEN SPLK
GS MS AAPL BABA BAC JKS LULU LVS MA ROKU
TWTR YUM LNG WYNN FNSR MCD SU KBH X M
AH news...JWN UP 8.84%, NVDA Down 4.88%
AMAT Down 4.49%
NVDA earnings was a beat on Sales and EPS, their guidance is slightly lower due to zero crypto currency revenue going forward. I expect analysts to support NVDA as buy on this weakness.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in overdrive mode as good earnings from WMT and CSCO & trade issues being negotiated with China gave a huge boost. Nasdaq was the laggard today. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2840.69, high 2850.49, low 2831.44
RSI @ 56.50
CMF @ 0.014
Internals were :
UP volume led by 2.93 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 2.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 42 in NYSE & 21 in Nasdaq
VIX Down 8.13% @ 13.45
Oil @ $65.46
Gold @ $1184.00
Stocks which were UP 1% or more included BZUN HUYA
DQ PANW BIDU MOMO BILI SOGO WB CIEN SPLK
GS MS AAPL BABA BAC JKS LULU LVS MA ROKU
TWTR YUM LNG WYNN FNSR MCD SU KBH X M
AH news...JWN UP 8.84%, NVDA Down 4.88%
AMAT Down 4.49%
NVDA earnings was a beat on Sales and EPS, their guidance is slightly lower due to zero crypto currency revenue going forward. I expect analysts to support NVDA as buy on this weakness.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in overdrive mode as good earnings from WMT and CSCO & trade issues being negotiated with China gave a huge boost. Nasdaq was the laggard today. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .60% to 1.64%....NICE !!!!
Indices are UP as China & USA have scheduled a trade negotiation meeting in US. Indices are @ high of the day.
S&P 500 @ 2844.51, high 2850.49, low 2831.44
Internals are positive from 2 to 1 to 3 to 1
Oil UP 36 cents
Gold Down $2.50
Canadian $ Down 26 tick @ .6834
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP.
@ 2.09 PM following are red:
AMD FB CSIQ GG SPWR ALDR CHK AEM CMG
CNX.....
NVDA reports tonight, here is what is expected :
Sales Q 2 $3.1 billion, EPS $1.66
Guidance Sales Q 3 $3.34 billion, EPS $1.82
Expecting a beat and higher guidance!
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2844.51, high 2850.49, low 2831.44
Internals are positive from 2 to 1 to 3 to 1
Oil UP 36 cents
Gold Down $2.50
Canadian $ Down 26 tick @ .6834
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP.
@ 2.09 PM following are red:
AMD FB CSIQ GG SPWR ALDR CHK AEM CMG
CNX.....
NVDA reports tonight, here is what is expected :
Sales Q 2 $3.1 billion, EPS $1.66
Guidance Sales Q 3 $3.34 billion, EPS $1.82
Expecting a beat and higher guidance!
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 15, 2018
Indices closed down .54% to 1.23%.....
Indices closed down.
S&P 500 @ 2818.37, low 2802.49, high 2827.95
RSI @ 50.57
CMF @ 0.003
Internals were :
Down volume led by 3.50 to 1 in NYSE & 4.46 to 1 in Nasdaq
Declining stocks led by 2.25 to 1 in NYSE & 3.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 243 in NYSE & 130 in Nasdaq
VIX UP 9.99% @ 14.64
Oil @ $65.01
Gold @ $1185.00
AH news...WUBA UP 5%, CSCO UP 6.22%
DISH Down 3.15%, NTAP Down 4.21%
AH futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under intense selling pressure worldwide again, indices closed half way from low to high. Chinese stocks may have found support after reacting badly to Tencent's earnings report which missed expectations'and brought all Chinese stocks to recent lows. Hopefully we may have seen lows in markets and many stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2818.37, low 2802.49, high 2827.95
RSI @ 50.57
CMF @ 0.003
Internals were :
Down volume led by 3.50 to 1 in NYSE & 4.46 to 1 in Nasdaq
Declining stocks led by 2.25 to 1 in NYSE & 3.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 243 in NYSE & 130 in Nasdaq
VIX UP 9.99% @ 14.64
Oil @ $65.01
Gold @ $1185.00
AH news...WUBA UP 5%, CSCO UP 6.22%
DISH Down 3.15%, NTAP Down 4.21%
AH futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under intense selling pressure worldwide again, indices closed half way from low to high. Chinese stocks may have found support after reacting badly to Tencent's earnings report which missed expectations'and brought all Chinese stocks to recent lows. Hopefully we may have seen lows in markets and many stocks.
BLOG does NOT give buy or sell.
Saleem
Indices down .97% to 1.40%.......
Indices are lower on Turkey imposing stiff tariffs on US products. This selling on Turkey may be coming to an end, S&P 500 stayed above 50 DMA which is a good thing.
S&P 500 @ 2811.07, low 2802.49, high 2827.95
Internals are negative by minimum 3 to 1 and as much as 4 to 1
Oil Down $1.73
Gold Down $15.73
Canadian $ Down 90 tick @ .6856
VIX UP 20.81% @ 16.08...high today 16.86....
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.11 following are green :
CMG.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2811.07, low 2802.49, high 2827.95
Internals are negative by minimum 3 to 1 and as much as 4 to 1
Oil Down $1.73
Gold Down $15.73
Canadian $ Down 90 tick @ .6856
VIX UP 20.81% @ 16.08...high today 16.86....
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.11 following are green :
CMG.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 14, 2018
Indices closed UP .45% to .64%....NICE !!!!
Indices closed UP.
S&P 500 @ 2839.96, high 2843.11, low 2826.58
RSI @ 57.62
CMF @ 0.027
Internals were :
UP volume led by 2.97 to 1 in NYSE & 1.45 to 1 in Nasdaq
Advancing stocks led by 2.55 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk lows were leading by 15 in NYSE & highs by 8 in Nasdaq
VIX Down 9.95% @ 13.31
Oil @ $67.04
Gold @ $1200.70
Stocks which were UP 2% or more included NVDA SQ
DNKN NTNX KORS M......
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was positive as Turkey was calm and its currency was stable.Internals were strong. Chinese stocks were under selling pressure across the board. Chinese stocks are getting deeply oversold on falling currency devaluation.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2839.96, high 2843.11, low 2826.58
RSI @ 57.62
CMF @ 0.027
Internals were :
UP volume led by 2.97 to 1 in NYSE & 1.45 to 1 in Nasdaq
Advancing stocks led by 2.55 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk lows were leading by 15 in NYSE & highs by 8 in Nasdaq
VIX Down 9.95% @ 13.31
Oil @ $67.04
Gold @ $1200.70
Stocks which were UP 2% or more included NVDA SQ
DNKN NTNX KORS M......
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was positive as Turkey was calm and its currency was stable.Internals were strong. Chinese stocks were under selling pressure across the board. Chinese stocks are getting deeply oversold on falling currency devaluation.
BLOG does NOT give buy or sell.
Saleem
Indices UP .48% to .64%....NICE !!!!
Indices are higher as Turkish situation seems to be stable @ lower level.Indices are near high of the day.
S&P 500 @ 2840.75, high 2842.79, low 2826.58
Internals are positive
Oil Down 14 cents
Gold UP $1.90
Canadian $ UP 45 tick @ .60.14
VIX Down 10.08% @ 13.29
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Earning report for HUYA was beat on EPS and Sales in line
Guidance of Sales was 2.5% lower than consensus.
Stocks down sharply 14.5%
BZUN earnings was a beat on Sales and EPS
Guidance in line to higher than mid-point.
Stock down 6.10%
Most stocks are higher.
@ 2.41 following are down :
BZUN HUYA IQ NXPI CRUS YY MOMO BILI
SOGO NEW WB NTES FSLR MU INTC JD
BABA CSIQ GG JKS MRVL SPWR ALDR
FEYE WYNN SINA OSTK SWKS ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2840.75, high 2842.79, low 2826.58
Internals are positive
Oil Down 14 cents
Gold UP $1.90
Canadian $ UP 45 tick @ .60.14
VIX Down 10.08% @ 13.29
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Earning report for HUYA was beat on EPS and Sales in line
Guidance of Sales was 2.5% lower than consensus.
Stocks down sharply 14.5%
BZUN earnings was a beat on Sales and EPS
Guidance in line to higher than mid-point.
Stock down 6.10%
Most stocks are higher.
@ 2.41 following are down :
BZUN HUYA IQ NXPI CRUS YY MOMO BILI
SOGO NEW WB NTES FSLR MU INTC JD
BABA CSIQ GG JKS MRVL SPWR ALDR
FEYE WYNN SINA OSTK SWKS ....
BLOG does NOT give buy or sell.
Saleem
Monday, August 13, 2018
Indices mixed.....
Indices mixed despite economic turmoil in Turkey which is having a direct impact on EU.
S&P 500 @ 2831.92, low 2819.88, high 2843.40
Internals are negative
Oil Down 81 cents
Gold Down $18.60
Canadian $ UP 12 tick @ .6869
VIX UP 7.22% @ 14.11
In my portfolio :
Sold SQ @ $73.00
Sold BIDU @ $217.50
Added 60% BZUN @ $52.80
Bought SQ @ $72.80
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down.
@ 2.35 following are UP.
AMD SQ CRUS OLED EAF TSLA TWTR AMZN
SWKS .....
HUYA reports tonight, here are expectations :
Sales $145.71 million, EPS 6 cents
Next Q guidance Sales $178.56 million, EPS 7 cents
Expecting beat !
Before open Tuesday BZUN reporting, here are expectations :
Sales $156.40 million, EPS 13 cents
Next Q guidance Sales $160.13 million, EPS 15 cents
Expecting beat !
BLOG does NOT give buy or sell.
PS...there is no closing BLOG tonight due to being busy in evening .....
Saleem
S&P 500 @ 2831.92, low 2819.88, high 2843.40
Internals are negative
Oil Down 81 cents
Gold Down $18.60
Canadian $ UP 12 tick @ .6869
VIX UP 7.22% @ 14.11
In my portfolio :
Sold SQ @ $73.00
Sold BIDU @ $217.50
Added 60% BZUN @ $52.80
Bought SQ @ $72.80
Portfolio AMD BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down.
@ 2.35 following are UP.
AMD SQ CRUS OLED EAF TSLA TWTR AMZN
SWKS .....
HUYA reports tonight, here are expectations :
Sales $145.71 million, EPS 6 cents
Next Q guidance Sales $178.56 million, EPS 7 cents
Expecting beat !
Before open Tuesday BZUN reporting, here are expectations :
Sales $156.40 million, EPS 13 cents
Next Q guidance Sales $160.13 million, EPS 15 cents
Expecting beat !
BLOG does NOT give buy or sell.
PS...there is no closing BLOG tonight due to being busy in evening .....
Saleem
Sunday, August 12, 2018
Markets churning......
Markets are churning lately.
S&P 500 and Dow behaving weak.
SOX is weak
Financials are weak.
Many stocks are acting weak.
FB NFLX acting weak.
RUT is behaving relatively better.
AAPL behaving well.
Pharma and Biotechs behaving well.
In this churning scenario volume has been low.
Earnings are coming to an end and may signal a lower level for market.
Contrary plays may stand a better chance like Gold Solar going forward.
To say the least, TAPE has been faltering lately and requires caution going forward.
Nasdaq is behaving Neutral @ best......
GOOG is behaving neutral.
Make sure your comfort level is very high with this TAPE and your portfolio.
Exposure may need to be reduced.
TAPE is flashing caution very clearly and require deep analysis of your portfolio.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
S&P 500 and Dow behaving weak.
SOX is weak
Financials are weak.
Many stocks are acting weak.
FB NFLX acting weak.
RUT is behaving relatively better.
AAPL behaving well.
Pharma and Biotechs behaving well.
In this churning scenario volume has been low.
Earnings are coming to an end and may signal a lower level for market.
Contrary plays may stand a better chance like Gold Solar going forward.
To say the least, TAPE has been faltering lately and requires caution going forward.
Nasdaq is behaving Neutral @ best......
GOOG is behaving neutral.
Make sure your comfort level is very high with this TAPE and your portfolio.
Exposure may need to be reduced.
TAPE is flashing caution very clearly and require deep analysis of your portfolio.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, August 10, 2018
Indices closed down .67% to .77%......
Indices closed down worldwide due to financial meltdown in Turkey.
S&P 500 @ 2833.28, low 2825.81, high 2842.20
RSI @ 56.48
CMF @ 0.067
Internals were :
Down volume led by 2.87 to 1 in NYSE & 2.12 to 1 in Nasdaq
Declining stocks led by 2.09 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 52 in NYSE & 14 in Nasdaq
VIX UP 16.77% @ 13.16
Oil @ $67.63
Gold $1219.00
Canadian $ @ .6863
Stocks which were UP 1% or more included HUYA SQ
MOMO OLED SHOP HAL ROKU RIG BABA
YELP OSTK.....
Here is portfolio weighting :
IQ 16.50%
NVDA 15.90%
HUYA 15.40%
BIDU 13.70%
BZUN 12.70%
NXPI 9.80%
SQ 8.80%
AMD 7.20%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2833.28, low 2825.81, high 2842.20
RSI @ 56.48
CMF @ 0.067
Internals were :
Down volume led by 2.87 to 1 in NYSE & 2.12 to 1 in Nasdaq
Declining stocks led by 2.09 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 52 in NYSE & 14 in Nasdaq
VIX UP 16.77% @ 13.16
Oil @ $67.63
Gold $1219.00
Canadian $ @ .6863
Stocks which were UP 1% or more included HUYA SQ
MOMO OLED SHOP HAL ROKU RIG BABA
YELP OSTK.....
Here is portfolio weighting :
IQ 16.50%
NVDA 15.90%
HUYA 15.40%
BIDU 13.70%
BZUN 12.70%
NXPI 9.80%
SQ 8.80%
AMD 7.20%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 9, 2018
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2853.58, low 2851.98, high 2862.48
RSI @ 64.68
CMF @ 0.093
Internals were :
Down volume led by 1.30 to 1 in NYSE & 1.04 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & .91 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 47 in Nasdaq
VIX UP 3.87% @ 11.27
Oil @ $66.81
Gold @ $1219.90
In my portfolio :
Sold FB @ $183.75 in AH
Bought AMD @ $19.00 in AH
Stocks which were UP 1% or more included MOMO VICR SHOP
SPLK JKS ROKU NTNX TK LNG YELP FNSR OSTK KORS...
AH news....OSTK UP 17.75%, AVLR DOWN 11.86%
XONE DOWN 18.85%
AH Futures Down
AH Asian markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was marking time to deal with overbought conditions, Nasdaq managed to gain for 8 consecutive days. Earning coming in mixed some good some not so good. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2853.58, low 2851.98, high 2862.48
RSI @ 64.68
CMF @ 0.093
Internals were :
Down volume led by 1.30 to 1 in NYSE & 1.04 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & .91 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 47 in Nasdaq
VIX UP 3.87% @ 11.27
Oil @ $66.81
Gold @ $1219.90
In my portfolio :
Sold FB @ $183.75 in AH
Bought AMD @ $19.00 in AH
Stocks which were UP 1% or more included MOMO VICR SHOP
SPLK JKS ROKU NTNX TK LNG YELP FNSR OSTK KORS...
AH news....OSTK UP 17.75%, AVLR DOWN 11.86%
XONE DOWN 18.85%
AH Futures Down
AH Asian markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was marking time to deal with overbought conditions, Nasdaq managed to gain for 8 consecutive days. Earning coming in mixed some good some not so good. 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 as all of them near new all time high.
S&P 500 @ 2859.96, high 2862.48, low 2854.99
Internals are mostly positive.
Oil Down 6 cents
Gold Down 40 cents
Canadian $ Down 48 tick @ .6952
VIX Down 1.11% @ 10.73
Portfolio BIDU BZUN FB HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.10 following are red :
CRUS LRCX AMD NTES EAF MU HAL KGC
MRVL TSLA AMAT ALDR RIG WYNN ...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2859.96, high 2862.48, low 2854.99
Internals are mostly positive.
Oil Down 6 cents
Gold Down 40 cents
Canadian $ Down 48 tick @ .6952
VIX Down 1.11% @ 10.73
Portfolio BIDU BZUN FB HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.10 following are red :
CRUS LRCX AMD NTES EAF MU HAL KGC
MRVL TSLA AMAT ALDR RIG WYNN ...
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 8, 2018
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2857.70, low 2853.09, high 2862.44
RSI @ 66.49
CMF @ 0.162
Internals were :
Down volume led by 1.37 to 1 in NYSE & 1.12 to 1 in Nasdaq
Declining stocks led by 1.22 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & 5 in Nasdaq
VIX Down .73% @ 10.85
Oil @ $66.94
Gold @ $1221.00
AH news....NTES UP 2.38%, ROKU UP 8.76%
YELP UP 15.7%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE struggled as only Nasdaq barely made into green, internals were weak. TAPE is looking tired and may pull back to digest recent gains. VIX is deeply oversold and may bounce back thus negative for equities.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2857.70, low 2853.09, high 2862.44
RSI @ 66.49
CMF @ 0.162
Internals were :
Down volume led by 1.37 to 1 in NYSE & 1.12 to 1 in Nasdaq
Declining stocks led by 1.22 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 30 in NYSE & 5 in Nasdaq
VIX Down .73% @ 10.85
Oil @ $66.94
Gold @ $1221.00
AH news....NTES UP 2.38%, ROKU UP 8.76%
YELP UP 15.7%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE struggled as only Nasdaq barely made into green, internals were weak. TAPE is looking tired and may pull back to digest recent gains. VIX is deeply oversold and may bounce back thus negative for equities.
BLOG does NOT give buy or sell.
Saleem
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