Sunday, September 30, 2018

Indices may move higher this week.....

Indices have reacted and adjusted to Fed new policy statement issued on Wednesday. This week may see positive action in indices.

Here are RSI numbers for major indices / sectors:

Dow         62.13

XLE         60.51

S&P 500  58.99

Nasdaq     58.18

SOX         48.88

RUT         44.66

TAN         38.13

XLF         37.83

As you can clearly see that XLF was the major casualty of Fed policy statement, it is the weakest of all the monitored area.

DOW XLE S&P 500 Nasdaq are showing relative strength.

SOX is struggling big time and is the weakest in tech sector...

Russell 2000 @ 44.66 RSI may be the biggest bargain IF we rally from here.

TAN is reflecting ongoing price weakness and inventory build up in Solar sector.

Strongest stocks include SQ CRM NVDA BIIB 

MSFT XLNX AAPL are on the move higher

FB GOOG INTC are the weak ones

AMD may show some spark after pulling back on INTC news and 1 downgrade.

All in all we are looking much better plus we may get positive news on trade front with Canada and USA engaging in last ditch effort to come to an agreement, this may come as soon as Monday.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, September 28, 2018

Indices closed mixed.....

Indices closed mixed. Indices traded in a very narrow range.

S&P 500 @ 2913.98, low 2907.50, high 2920.53

RSI @ 58.99

CMF @ -0.037

Internals were :

UP volume led by .89 to 1 in NYSE & .98 to 1 in Nasdaq

Advancing stocks led by 1.29 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk lows were leading by 57 in NYSE & 2 in Nasdaq

VIX Down 2.34% @ 12.12

Oil @ $73.25

Gold @ $1196.20

Canadian $ @ .7073

Stocks which were UP 1%+ included     BZUN HEXO.TO RHT 
SQ ACBFF TLRY VICR PRNB NVDA CRUS BILI EAF FFIV
MRVL QRVO SPLK YY TK RIG FEYE ULTA X.....

In my portfolio:

Sold CRUS @ $38.10

Added 40% FB @ $166.25

Here is my portfolio weighting :

FB            31.72%

AMD        29.79%

BZUN       15.93%

HUYA       10.45%

RHT           7.89%

HEXO.TO  4.22%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, September 27, 2018

Indices closed UP .21% to .65%....NICE !!!!

Indices closed UP.

S&P 500 @ 2914.00, high 2927.22, low 2909.27

RSI @ 59.00

CMF @ -0.049

Internals were :

UP volume led by 1.09 to 1 in NYSE & 1.26 to 1 in Nasdaq

Advancing stocks led by 1.22 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new 52 wk lows were leading by 69 in NYSE & 4 in Nasdaq

VIX Down 3.72% @ 12.41

Oil @ $72.12

Gold @ $1187.40

Stocks which were UP 1% or more included AMD FB
SQ MTCH TLRY KORS PRNB IQ AAPL AMZN
BILI EAF GOOG LRCX LULU MRVL MU
SHOP TWTR ROKU CHK RIG FNSR SU
OSTK TSM NKE AAL CNX.....

AH news....TSLA Down 11.91%, PRGS Down 13.63%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE celebrated strong US GDP number and ignored Fed change in language. FANG were back in vogue along with strong stocks. Pot stocks were mostly lower except TLRY which bucked the trend. Expecting a positive close on Friday. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem  

Indices UP .50% to .92%....NICE !!!!

Indices are higher on strong GDP growth in USA.

S&P 500 @ 2922.86, high 2927.22, low 2909.27

Internals are positive.

Oil UP 44 cents

Gold Down $10.90

Canadian $ Down 10 tick @ .6973

VIX Down 5.59% @ 12.17

Portfolio AMD BZUN CRUS FB HUYA RHT HEXO.TO

Most stocks are UP

@ 1.52 following are red by 1% or more :

BZUN HEXO.TO ACBFF CGC JKS MOMO YY

FEYE SPWR WYNN KBH .....

BLOG does NOT give buy or sell.

Saleem

Wednesday, September 26, 2018

Indices closed down .21% to .40%.......

Indices closed down.

S&P 500 @ 2905.97, low 2903.28, high 2931.15

RSI @ 56.31

CMF @ 0.003

Internals were :

Down volume led by 2.39 to 1 in NYSE & 1.40 to 1 in Nasdaq

Declining stocks led by 1.59 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new 52 wk lows were leading by 51 in NYSE & 0 in Nasdaq

VIX UP 3.78% @ 12.89

Oil @ $71.57

Gold @ $1199.10

Stocks which were UP 1% or more included BZUN FB HEXO.TO
TLRY IQ BILI NFLX TSLA YY MGA SINA OSTK IBM M....

AH news....BBBY Down 14.25%, CMTL Down 11.92%

AH Futures UP

AH Asian Markets Mixed

Oil & Gold UP

About market, TAPE was @ its high right after fed minutes were released, by close indices were lower @ close. Hopefully there will be a rethink about Fed policy and conference call. Internals were all negative. Strong stocks should do well going forward.

BLOG does NOT give buy or sell.

Saleem

Indices UP .35% to .52%...NICE !!!!

Fed policy statement increases interest rate by .25% and ups the projection for US economy, rest of details to come in 230 PM conference call. Indices are @ high of the day.

S&P 500 @ 2927.42, high 2928.26, low  2915.53

Internals are mixed

Oil Down 72 cents

Gold Down $5.30

Canadian $ Down 27 tick @ .7022

VIX Down 5.23% @ 11.77

In my portfolio :

Sold SQ @ $97.50

Added 35% AMD @ $31.87

Bought RHT @ $136.09

Portfolio AMD BZUN CRUS FB HUYA HEXO.TO RHT

Most stocks are UP

@ 2.12 PM following are red :

CRUS HUYA ACBFF VICR FSLR OLED QRVO CHK
TK RIG FEYE SPWR WYNN MLNX FNSR ABX
GG KBH CNX......

BLOG does NOT give buy or sell.

Saleem

Tuesday, September 25, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2915.56, low 2913.70, high 2923.95

RSI @ 50.74

CMF @ 0.035

Internals were :

UP volume led by .82 to 1 in NYSE & 1.17 to 1 in Nasdaq

Advancing stocks led by .83 to 1 in NYSE & 1.00 to 1 in Nasdaq

Net new 52 wk lows were leading by 55 in NYSE & 26 in Nasdaq

VIX UP 1.8% @ 12.42

Oil @ $72.27

Gold @ $1205.10

Stocks which were UP 1% or more included BZUN HUYA SQ
MTCH ACBFF KORS NVDA IQ AMZN BILI MOMO X
SPLK TWTR RIG FEYE YELP TRIP FNSR MCD
ABX AEM......

AH news..... NKE Down 3.59%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was neutral today in anticipation of Fed raising interest rates, Wednesday should see optimistic tone in market as Fed should be done with 2018 raising of interest rates, 2019 should be a much tamer like 2 more. Conference call should be upbeat for stock market. China , Canada trade talk with USA has come to a total standstill. Pot stocks were on firmer footing.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.....

Indices are mixed and marking time for Fed to hike interest rate by .25% tomorrow @ 2 PM, in Fed conference call traders want to know how many more hikes in 2018 & 2019.

S&P 500 @ 2916.57, low 2913.70, high 2923.95

Internals are mixed

Oil UP 14 cents

Gold UP 60 cents

Canadian $ UP 4 tick @ .7049

VIX UP 2.05% @ 12.45

Portfolio AMD BZUN CRUS FB HUYA SQ

Most of the stocks are UP

@ 2.17 following are red :

CRUS HYYDF PRNB AMAT NXPI CSIQ CTRP
EAF FSLR JKS LRCX MRVL MU QRVO SU
MGA ULTA SWKS GG TSM AAL CNX....

BLOG does NOT give buy or sell.

Saleem

Monday, September 24, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2919.37, low 2912.63, high 2923.79

RSI @ 62.55

CMF @ 0.102

Internals were :

Down volume led by 2.45 to 1 in NYSE & .92 to 1 in Nasdaq

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

Net new 52 wk lows were leading by 65 in NYSE & 10 in Nasdaq

VIX UP 4.45% @ 12.20

Oil @ $72.08

Gold @ $1204.40

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE contained negative reaction to stalemate in trade talk between China & USA. NAFTA talks between Canada & USA has been shifted to sideline conversation in UN get together, who knows that may break stalemate. Nasdaq was the star performer today with FANG coming into vogue. Mixed action in pot stocks. It is all about anticipation of Fed decision on Wednesday @ 2 PM, TAPE may pause on Tuesday in anticipation.

BLOG does NOT give buy or sell.

Saleem

Indices mixed....

Indices are trying to ignore reality of trade turmoil with China, Nasdaq just turned green which is a good thing.

S&P 500 @ 2919.16, low 2912.63, high 2923.79

Internals are mixed due to Nasdaq being positive while others are negative by 2 to 1.

Oil UP $1.37

Gold UP $3.00

Canadian $ Down 26 tick @ .7061

VIX UP 7.28% @ 12.53

Portfolio AMD BZUN CRUS FB HUYA SQ

Most stocks are down

@ 2.06 PM following are green :

AMD CRUS FB SQ MTCH ACBFF CGC AAPL CIEN
CSIQ MU NFLX ALDR CHK LNG TRIP ABX SWKS
TSM X PANW........

BLOG does NOT give buy or sell.

Saleem

Sunday, September 23, 2018

Trade jitters may impact trading this week.....

Trade jitters are taking center stage with China refusing to engage with USA, Canadian delegation is also reaching a very high frustration with " take it or leave it attitude of US " Trade deal is done with negotiations not dictation. All this international jitters in trade may hit negatively in stock market.

Then there is Fed deciding on interest rate direction @ 2 PM on Wednesday.....

To say the least, stock market may be more challenged than usual this week....

Dow RSI @ 76.63 is in deep overbought territory, may warrant a quick pullback also...

S&P 500 RSI @ 67.62 is also in overbought territory.....

Nasdaq, SOX & RUT are in neutral zone as far as RSI is concerned.....

CRM AAL DAL AMD are strong

FB GOOG AAPL AMZN ADBE @ support

POT stocks continues to grab headlines with their high factor.....ACBFF reports this week and may shed light on their business and industry trend.....

TLRY may hit middle age numbers this week

Marking time for stocks with downward bias may not be a bad thing, as S&P 500 and DOW made series of new all time highs.

Stay diversified to take advantage of rotation which is happening in Stock market.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, September 21, 2018

Indices closed mixed.....

Indices closed mixed after being UP @ start of the day, only Dow closed @ new all time high. S&P 500 made a new intraday all time high.Indices closed near low of the day on profit taking and old fear of tariff being imposed on China starting next week.

S&P 500 @ 2929.67, low 2927.11, high 2940.91

RSI @ 67.62

CMF @ 0.127

Internals were :

UP volume led by 1.14 to 1 in NYSE & .57 to 1 in Nasdaq

Advancing stocks led by 1.02 to 1 in NYSE & .82 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & 51 in Nasdaq

VIX Down 1.02% @ 11.68

Oil @ $70.78

Gold @ $1201.30

Canadian $ @ .7083

Stocks which closed green included BZUN AMAT CIEN
LRCX LULU OLED SPLK TSLA WB YY RIG FEYE
TRIP ORCL OSTK MCD SU MSFT SWKS NKE
KBH V AAL M.....

In my portfolio....added 30% AMD @ $31.02 seconds before close.

Here is my portfolio weighting :

AMD          22.70%

FB              22.60%

BZUN        16.40%

SQ              13.50%

CRUS        13.40%

HUYA        11.40%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, September 20, 2018

Indices closed UP .78% to .98%....NICE !!!!

Indices closed UP.

S&P 500 @ 2930.75, high 2934.80, low 2919.73

RSI @ 68.16

CMF @ 0.170

Internals were :

UP volume led by 4.09 to 1 in NYSE & 3.35 to 1 in Nasdaq

Advancing stocks led by 2.15 to 1 in NYSE & 2.68 to 1 in Nasdaq

Net new 52 wk highs were leading by 50 in NYSE & 39 in Nasdaq

VIX UP .43% @ 11.80

Oil @ $70.32

Gold @ $1211.30

Stocks which were UP 2% or more included BZUN CRUS SQ
PRNB BABA CIEN CSIQ EAF MRVL MU OLED QRVO
YY ROKU ALDR CHK RIG YELP FNSR MGA ORCL
SINA SWKS.....

AH news...MU Down 6.97%, MGA Down 5.01%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE ignored all the rumblings about trade wars and went about its business of marching up to new all time highs in Dow & S&P 500, Nasdaq is next in line to do so. Most sectors participated in this rally except few Chinese small caps. TLRY still exploding in volume but not in prices, we may see it below $100.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Indices UP .76% to 1.00%...NICE !!!!

Indices are flying with Dow and S&P 500 in new all time highs, Nasdaq is only 103 points away before it makes new all time high. TLRY is taking on the chin, $150 here I come from $300 yesterday, what a ride for a tiny Nanaimo BC, Canadian company.

S&P 500 @ 2929.90, high 2932.60, low 2919.73

Internals are positive by minimum 2 to 1 and max over 3 to 1

Oil Down 24 cents

Gold UP $3.00

Canadian $ UP 11 tick @ .7099

VIX Down .60% @ 11.68

Portfolio AMD BZUN CRUS FB HUYA SQ

Most stocks are UP

@ 1.44 following are red :

HUYA MTCH TLRY NVDA IQ JKS MOMO TK FEYE
TRIP SU KBH CMG M.....

BLOG does NOT give buy or sell.

Saleem

Wednesday, September 19, 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2907.95, high 2912.36, low 2903.82

RSI @ 62.28

CMF @ 0.157

Internals were :

UP volume led by 1.79 to 1 in NYSE & 1.18 to 1 in Nasdaq

Advancing stocks led by .85 to 1 in NYSE & .85 to 1 in Nasdaq

Net new 52 wk low were leading by 16 in NYSE & highs by 15 in Nasdaq

VIX Down 8.13% @ 11.75

Oil @ $71.12

Gold @ $1208.30

Stocks which were UP 1% or more included BZUN FB HUYA
TLRY IQ BABA BIDU CTRP EAF EXPE JKS QRVO SHOP
TSLA TWTR WB YY CHK RIG FEYE LNG SPWR WYNN
GS MGA MS SINA ABX AEM GG ULTA SWKS TSM
AAL CNX......

AH news....RHT Down 4.51%, AEM Down 7.37%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was positive for the most part and Nasdaq was barely down @ close, Dow & S&P 500 were the star performers and are near all time high, Wednesday positive action may bring new all time highs. Pot stocks were off the chart but turned lower by 6% in Toronto after being UP almost 12%, it is wildly overbought for now.

BLOG does NOT give buy or sell.

Saleem

Indices mixed.....

Indices mixed as Nasdaq takes a rest after good run on Tuesday.

S&P 500 @ 2906.64, high 2912.36, low 2903.82

Internals are mixed.

Oil UP 90 cents

Gold UP $5.20

Canadian $ UP 37 tick @ .7065

VIX Down 6.72% @ 11.93

AMD BZUN CRUS FB HUYA SQ

Most stocks are UP

@ 1.40 following are red :

AMD CRUS SQ MTCH PRNB NVDA AMZN BILI
FFIV LULU MRVL PANW SPLK VICR NTNX 
ROKU ALDR YELP OSTK MSFT .....

BLOG does NOT give buy or sell.

Saleem

Tuesday, September 18, 2018

Indices closed UP .54% to .76%....NICE !!!!

Indices closed UP.

S&P 500 @ 2904.31, high 2911.17, low 2890.43

RSI @ 61.21

CMF @ 0.112

Internals were :

UP volume led by 1.96 to 1 in NYSE & 1.38 to 1 in Nasdaq

Advancing stocks led by 1.37 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new 52 wk highs were leading by 7 in NYSE & 2 in Nasdaq

VIX Down 6.51% @ 12.79

Oil @ $69.85

Gold @ $1202.90

Stocks which were UP 1% or more included SQ
MTCH PRNB AMAT AMZN BILI NXPI CSIQ
EXPE FSLR JKS SPWR LRCX LULU MOMO
MU NFLX SHOP ROKU CHK TK RIG FEYE
LNG YELP VICR OSTK SU NKE KBH X M

AH news...TLRY UP 8.58%, IGT Down 9.75%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE got an oversold bounce on trade slump. China & US are playing tit for tat until there is an agreement. NAFTA is also on hold between US & Canada as we are entering a do or die moment in negotiation. Internals were positive and indices stayed green from pre market to close.

BLOG does NOT give buy or sell.

Saleem

Indices UP .66% to .93%....NICE !!!!

Indices were green right from pre market and have maintained its strength so far. China trade issue is in the back burner until next tweet. Indices are near high of the day.

S&P 500 @ 2907.90, high 2909.95, low 2890.43

Internals are positive by almost 2 to 1

Oil UP 58 cents

Gold Down $2.90

Canadian $ UP 59 tick .7017

VIX Down 6.29% @ 12.82

In my portfolio :

Sold IQ @ $26.60

Bought AMD @ $31.57

Portfolio AMD BZUN CRUS FB HUYA SQ

Most stocks are UP

@ 2.13 following are red :

AMD NVDA IQ BABA BIDU CIEN EAF OLED
SPLK TSLA WB ALDR FNSR MCD TSM CNX....

BLOG does NOT give buy or sell.

Saleem

Monday, September 17, 2018

Indices closed down .35% to 1.43%......

Indices closed down.

S&P 500 @ 2888.80, low 2888.16, high 2904.65

RSI @ 56.34

CMF @ 0.114

Internals were :

Down volume led by .95 to 1 in NYSE & 3.11 to 1 in Nasdaq

Declining stocks led by 1.47 to 1 in NYSE & 2.12 to 1 in Nasdaq

Net new 52 wk lows were leading by 7 in NYSE & 18 in Nasdaq

VIX UP 13.34% @ 13.68

Oil @ $68.91

Gold @ $1205.80

AH news....AVP UP 13.94%, ORCL Down 4.64%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under trade phobia for 2 days in a row, tonight trade tariff against China is imposed @ 10% to go up 25% by end of the year, reaction is negative again for 3rd in a row, overdone in my books, weakness on Tuesday open to be bought and it could be a " turnaround Tuesday "...Internals were negative for the most part and VIX shot up.

BLOG does NOT give buy or sell.

Saleem

Indices down .16% to .88%....

Indices down due to renewed concern on US China trade issues.

S&P 500 @ 2895.29, low 2891.71, high 2904.65

Internals are mixed.

Oil unchanged

Gold UP $4.90

Canadian $ UP 17 tick @ .6986

VIX UP 7.62% @ 12.99

Portfolio BZUN CRUS FB HUYA IQ SQ

Most stocks are down

@ 2.18 following are green :

AMD AMAT BIDU EAF LRCX LULU OLED SHOP
TSLA WB CHK LNG YELP LVS MLNX FNSR
ORCL ABX AEM SU ULTA KORS GG NKE
X AAL CNX.....

BLOG does NOT give buy or sell.

Saleem


Sunday, September 16, 2018

SOX weakness continues.....

After a long long time that I am seeing protracted weakness in SOX.... 

RUT is also lagging...

SOX & RUT used to be leading indicator, not anymore.....

Here is a quick look @ RSI for strength and weakness :

SOX               51.79

RUT               55.93

Nasdaq           57.36

S&P 500         64.14

Dow                65.85

It is extremely interesting that SOX, RUT and Nasdaq are weaker among 5 index / sectors....very unusual.

It is getting very hard to make any sense of SOX, RUT for direction of this market.

DOW is the strongest followed by S&P 500

Quite often markets do very unusual things and do not follow common wisdom of wall street.

AMD has been a star performer after languishing  badly for decades.......looks like there is more room to run $40 is the highest target so far.....

NVDA is also looking good after faltering earlier.

MU AMAT INTC QRVO seems to have lost their stride...

GOOG looks weak.....

NFLX looks OK

AAPL is fine.....

FB may have made a double bottom......

All in all lot of opportunity to look @ despite many mistimed tweets......

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Friday, September 14, 2018

Indices closed mixed.....

Indices closed mixed, only Nasdaq was slightly red despite renewed threat to impost $200++++ billion tariff against Chinese goods.

S&P 500 @ 2904.98, high 2908.30, low 2895.77

RSI @ 64.14

CMF @ 0.174

Internals were :

UP volume led by 1.07 to 1 in NYSE & 1.31 to 1 in Nasdaq

Advancing stocks led by 1.02 to 1 in NYSE & 1.12 to 1 in Nasdaq

Net new 52 wk highs were leading by 56 in NYSE & 71 in Nasdaq

VIX Down 2.43% @ 12.07

Oil @ $68.94

Gold @ $1201.70

Canadian $ @ .6966

Stocks which were UP 1% or more included AMD NVDA BILI
EAF FFIV RIG MOMO MRVL MU TSLA VICR FEYE M
TSM KBH....

Here is my portfolio weighting :

FB        25.80%

BZUN  17.70%

SQ        16.50%

CRUS   15.30%

HUYA   13.70%

IQ        11.00%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


Thursday, September 13, 2018

Indices closed UP .53% to .75%....NICE !!!!

Indices closed UP.

S&P 500 @ 2904.18, high 2906.76, low 2896.39

RSI @ 63.91

CMF @ 0.148

Internals were :

UP volume led by 1.22 to 1 in NYSE & 1.16 to 1 in Nasdaq

Advancing stocks led by 1.41 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk highs were leading by 106 in NYSE & 78 in Nasdaq

VIX Down 5.86% @ 12.37

Oil @ $68.59

Gold @ $1208.20

Stocks which were UP 2% or more included BZUN HUYA IQ
MTCH AAPL BABA BILI NXPI CTRP MOMO MU QRVO
TWTR WB YY ALDR FEYE MGA SINA SWKS....

AH news...TLRY Down 7.94%, JBL Down 4.01%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong today and closed near high of the day, all beaten down sectors like semiconductors and Chinese stocks participated on anticipation of resolution of trade dispute between US & China. Internals were strong. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Indices UP .50% to .80%....NICE !!!!

Indices are higher on optimism about China US trade dispute.

S&P 500 @ 2901.77, high 2906.76, low 2896.39

Internals are positive

Oil Down $1.95

Gold Down $4.40

Canadian $ Down 1 tick @ .7004

In my portfolio Added 75% FB @ $162.55

Portfolio BZUN CRUS FB HUYA IQ SQ

Most stocks are UP

@ 2.34 following are red :

CRUS AMD CIEN CSIQ JKS OLED SPWR 
TRIP FNSR MCD AEM ULTA TSM .....

BLOG does NOT give buy or sell.

Saleem

Wednesday, September 12, 2018

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2888.92, high 2894.65, low 2879.20

RSI @ 59.30

CMF @ 0.133

Internals were :

UP volume led by 1.84 to 1 in NYSE & 1.04 to 1 in Nasdaq

Advancing stocks led by 1.34 to 1 in NYSE & .89 to 1 in Nasdaq

Net new 52 wk highs were leading by 27 in NYSE & 8 in Nasdaq

VIX Down .61% @ 13.14

Oil @ $70.37

Gold @ $1210.90

In my portfolio :

Sold AMD in AH @ $32.64

Added 70% CRUS seconds before close @ $41.06

AH news....PVTL Down 24.6%, TLRD UP 8.6%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed mixed after mid day report that China and US will start discussion soon to resolve escalating trade dispute, there a surge of 150 points in Dow but it all faded by close. Semi sector is in turmoil for the most part and most stocks making 52 wk lows.

BLOG does NOT give buy or sell.

Saleem

Indices down .05% to .48%......

Indices are down even though there was an optimistic news on China US trade dispute. Nasdaq is weakest with semis, memory makers and chip equipment maker taking the biggest hit.

S&P 500 @ 2885.60, low 2879.20, high 2894.65

Internals are mixed with Nasdaq being negative.

Oil UP $1.23

Gold UP $11.20

Canadian $ UP 71 tick @ .7006

VIX UP .83% @ 13.33

In my portfolio :

Sold NXPI @ $86.00

Bought AMD @ $29.80

Portfolio AMD BZUN CRUS FB HUYA IQ SQ

Most stocks are down

@ 2.31 following are green :

AMD HUYA IQ BABA BIDU BILI CSIQ EXPE
JKS MOMO NFLX SHOP RIG FEYE WYNN
LVS MLNX MGA SINA OSTK ABX AEM 
GG CMG X .....

BLOG does NOT give buy or sell.

Saleem


Tuesday, September 11, 2018

Indices closed UP .37% to .61%...NICE!!!!

Indices closed UP.

S&P 500 @ 2887.89, high 2892.52, low 2866.78

RSI @ 58.97

CMF @ 0.149

Internals were :

UP volume led by 1.22 to 1 in NYSE & .96 to 1 in Nasdaq

Advancing stocks led by 1.06 to 1 in NYSE & .87 to 1 in Nasdaq

Net new 52 wk lows were leading by 68 in NYSE & 11 in Nasdaq

VIX Down 6.64% @ 13.22

Oil @ $69.25

Gold $1202.20

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE closed UP after futures being down in triple digits. Oil moved UP.after many days of down moves. Internals were mixed as Nasdaq internals showed weakness. After long time I see net new 52 wk lows were in the lead. There is a bit of optimism in NAFTA talks between Canada & US as deal may be imminent. TAPE is still narrow in terms of positive action.

BLOG does NOT give buy or sell.

Saleem

Indices UP .41% to .58%,,,,NICE!!!!

Indices are UP after hesitation after open. Indices are near high of the day.

S&P 500 @ 2888.86, high 2892.52, low 2866.78

Internals are mixed

Oil UP $1.89

Gold UP $2.20

Canadian $ UP 36 tick @ .6874

VIX Down 4.73% @ 13.49

Portfolio BZUN CRUS FB HUYA IQ NXPI SQ

Most stocks are lower

@ 1.40 PM following are UP :

FB SQ AAPL AMZN BILI EAF JKS NFLX SHOP
TWTR ROKU TK RIG SPWR MSFT ULTA NKE
KBH AAL......

BLOG does NOT give buy or sell.

Saleem

Monday, September 10, 2018

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2877.13, high 2886.93, low 2875.94

RSI 55.49

CMF @ 0.076

Internals were :

UP volume led by 1.16 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 1.60 to 1 in NYSE & 1.11 to 1 in Nasdaq

Net new 52 wk low were leading by 12 in Nasdaq & highs by 38 in Nasdaq

VIX Down 4.84% @ 14.16

Oil @ $67.54

Gold @ $1199.90

Stocks which were UP 1% or more included AMD NVDA CIEN
LULU OLED PANW SHOP ROKU CHK WYNN MGA ORCL
MSFT KORS NKE CMG AAL M......

AH news .....VECO UP 9.47%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE tried to show strength @ open but DOW gave up all the gain and drifted into negative. S&P 500 and Nasdaq closed into green. Chinese trade uncertainty continues to affect Chinese stocks deeper into new 52 wk lows. Tuesday may turn out to be positive for all indices.

BLOG does NOT give buy or sell.

Saleem