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
Sunday, September 30, 2018
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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