Indices closed UP.
S&P 500 @ 2760.17, high 2760.88, low 2732.76
RSI @ 54.68
CMF @ 0.162
Internals were :
UP volume led by 1.31 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.17 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 236 in NYSE & 65 in Nasdaq
Oil @ $50.93
Gold @ $1226.00
Canadian $ @ .6713
Stocks which were UP 3% or more included AAL NVDA
BZUN MOMO SPLK VICR PRNB WB YY SINA
OSTK......
Here is my portfolio weighting ;
NVDA 30.10%
AAL 22.20%
PHM 18.30%
AMD 16.60%
SQ 12.80%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, November 30, 2018
Thursday, November 29, 2018
Indices closed down .11% to .25%......
Indices closed down.
S&P 500 @ 2737.76, low 2722.94, high 2753.75
RSI @ 51.75
CMF @ 0.158
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.08 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 162 in NYSE & 55 in Nasdaq
VIX UP 1.62% @ 18.79
Oil @ $51.45
Gold @ $1230.40
AH news....AMBA UP 13.19%, WDAY UP 9.53%
VMW UP 9.14%, SPLK UP 4.3%
VSLR Down 10.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling pressure after 3 days of gains, there is lot of uncertainty going into G 20 meeting when it comes to China US trade issues. Internals were negative. Market seems to have found support after Fed changed its interest hike definition. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2737.76, low 2722.94, high 2753.75
RSI @ 51.75
CMF @ 0.158
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.08 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk lows were leading by 162 in NYSE & 55 in Nasdaq
VIX UP 1.62% @ 18.79
Oil @ $51.45
Gold @ $1230.40
AH news....AMBA UP 13.19%, WDAY UP 9.53%
VMW UP 9.14%, SPLK UP 4.3%
VSLR Down 10.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling pressure after 3 days of gains, there is lot of uncertainty going into G 20 meeting when it comes to China US trade issues. Internals were negative. Market seems to have found support after Fed changed its interest hike definition. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .20% to .29%......
Indices are down slightly in anticipation of trade talks with China.
S&P 500 @ 2737.84, low 2722.94, high 2741.34
Internals are negative.
Oil UP $1.76
Gold UP 66 cents
Canadian $ UP 22 tick @ .6737
VIX UP 3.41% @ 19.12
Portfolio AMD AAL NVDA PHM SQ
Most stocks are down
@ 1.44 PM following are green :
AMD UAL NIU MOMO LULU SPLK NFLX OLED
PANW NTNX ROKU ALDR CHK TK RIG YELP
FB MGA AMZN SU MCD ULTA .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2737.84, low 2722.94, high 2741.34
Internals are negative.
Oil UP $1.76
Gold UP 66 cents
Canadian $ UP 22 tick @ .6737
VIX UP 3.41% @ 19.12
Portfolio AMD AAL NVDA PHM SQ
Most stocks are down
@ 1.44 PM following are green :
AMD UAL NIU MOMO LULU SPLK NFLX OLED
PANW NTNX ROKU ALDR CHK TK RIG YELP
FB MGA AMZN SU MCD ULTA .....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 28, 2018
Indices closed UP 2.30% to 2.95%....NICE !!!!!
Indices closed UP.
S&P 500 @ 2743.78, high 2744.00, low 2684.38
RSI @ 52.60
CMF @ 0.114
Internals were :
UP volume led by 8.62 to 1 in NYSE & 6.32 to 1 in Nasdaq
Advancing stocks led by 3.98 to 1 in NYSE & 3.58 to 1 in Nasdaq
Net new 52 wk lows were leading by 234 in NYSE & 117 in Nasdaq
VIX Down 2.79% @ 18.49
Oil @ $50.29
Gold @ $1223.60
Stocks which were UP 3% or more included NVDA SQ
MU SHOP BIDU LULU AAPL ESTC SPLK MTCH
VICR CGC PRNB AMAT CRUS CIEN EAF JKS
GOOG LRCX NFLX PANW QRVO WB NTNX
ALDR TK RIG FEYE YELP MA AMZN MSFT
TSM NKE CMG V......
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE closed @ high of the day and UP 3 days in a row, a major victory for technicals and bulls. Catalyst for today's huge jump was Fed Chief Powell statement @ noon EST where a major shift in Fed policy was evident with the statement that interest rates are near neutral All former leaders participated in today's TAPE and internals were very strong.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2743.78, high 2744.00, low 2684.38
RSI @ 52.60
CMF @ 0.114
Internals were :
UP volume led by 8.62 to 1 in NYSE & 6.32 to 1 in Nasdaq
Advancing stocks led by 3.98 to 1 in NYSE & 3.58 to 1 in Nasdaq
Net new 52 wk lows were leading by 234 in NYSE & 117 in Nasdaq
VIX Down 2.79% @ 18.49
Oil @ $50.29
Gold @ $1223.60
Stocks which were UP 3% or more included NVDA SQ
MU SHOP BIDU LULU AAPL ESTC SPLK MTCH
VICR CGC PRNB AMAT CRUS CIEN EAF JKS
GOOG LRCX NFLX PANW QRVO WB NTNX
ALDR TK RIG FEYE YELP MA AMZN MSFT
TSM NKE CMG V......
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE closed @ high of the day and UP 3 days in a row, a major victory for technicals and bulls. Catalyst for today's huge jump was Fed Chief Powell statement @ noon EST where a major shift in Fed policy was evident with the statement that interest rates are near neutral All former leaders participated in today's TAPE and internals were very strong.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.83% to 2.31%.....NICE !!!!
Indices are sharply higher after being unchanged due to major change in Fed policy of close to neutral as stated by Fed Chief Mr Powell.
S&P 500 @ 2731.85, high 2733.99, low 2684.38
Internals are positive from 3 to 1 to as high as 6 to 1
Oil Down 15 cents
Gold UP $9.10
Canadian $ UP 46 tick @ .6753
VIX Down 1.37% @ 18.76
In my portfolio :
Sold KORS @ $43.75
Bought PHM @ $25.55
Bought AMD @ $20.87
Portfolio AMD AAL NVDA PHM SQ
Most stocks are UP
@ 2.03 PM following are down :
TLRY MRVL YY ROKU TWTR WYNN SU
ULTA ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2731.85, high 2733.99, low 2684.38
Internals are positive from 3 to 1 to as high as 6 to 1
Oil Down 15 cents
Gold UP $9.10
Canadian $ UP 46 tick @ .6753
VIX Down 1.37% @ 18.76
In my portfolio :
Sold KORS @ $43.75
Bought PHM @ $25.55
Bought AMD @ $20.87
Portfolio AMD AAL NVDA PHM SQ
Most stocks are UP
@ 2.03 PM following are down :
TLRY MRVL YY ROKU TWTR WYNN SU
ULTA ......
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 27, 2018
Indices closed UP .01% to .44%....NICE !!!!
Indices closed UP.
S&P 500 @ 2682.20, high 2682.53, low 2655.89
RSI @ 43.87
CMF @ 0.123
Internals were :
Down volume led my 1.19 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by 1.57 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 299 in NYSE & 166 in Nasdaq
VIX UP .63% @ 19.02
Oil @ $51.56
Gold @ $1213.40
AH news....NTNX UP 8.74%, CRM UP 8.75%
ZYNE Down 4.27%, RBS Down 5.05%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE surprised most technicians by closing green today a back to back gain to confirm this " double bottom " Internals were negative @ close which is a concern. Many stocks were green today despite internals were negative. IF we close green on Wednesday then it will give boost to many participants and may encourage those sitting on sidelines.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2682.20, high 2682.53, low 2655.89
RSI @ 43.87
CMF @ 0.123
Internals were :
Down volume led my 1.19 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by 1.57 to 1 in NYSE & 1.94 to 1 in Nasdaq
Net new 52 wk lows were leading by 299 in NYSE & 166 in Nasdaq
VIX UP .63% @ 19.02
Oil @ $51.56
Gold @ $1213.40
AH news....NTNX UP 8.74%, CRM UP 8.75%
ZYNE Down 4.27%, RBS Down 5.05%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE surprised most technicians by closing green today a back to back gain to confirm this " double bottom " Internals were negative @ close which is a concern. Many stocks were green today despite internals were negative. IF we close green on Wednesday then it will give boost to many participants and may encourage those sitting on sidelines.
BLOG does NOT give buy or sell.
Saleem
Indices down .04% to .06%......
Indices are well off their lows of the day despite trade tension.
S&P 500 @ 2671.36, low 2655.89, high 2679.05
Internals are negative with declining leading by almost 2 to 1.
Oil Down 28 cents
Gold Down $8.10
Canadian $ Down 46 tick @ .6704
VIX Down .63% @ 18.78
Portfolio AAL KORS NVDA SQ
Most stocks are negative
@ 2.02 following are green :
AAL NVDA UAL PHM SHOP BZUN FSLR AMD
CSIQ CTRP JKS MU NFLX YY TK SPWR TRIP
OSTK KBH CMG M.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2671.36, low 2655.89, high 2679.05
Internals are negative with declining leading by almost 2 to 1.
Oil Down 28 cents
Gold Down $8.10
Canadian $ Down 46 tick @ .6704
VIX Down .63% @ 18.78
Portfolio AAL KORS NVDA SQ
Most stocks are negative
@ 2.02 following are green :
AAL NVDA UAL PHM SHOP BZUN FSLR AMD
CSIQ CTRP JKS MU NFLX YY TK SPWR TRIP
OSTK KBH CMG M.......
BLOG does NOT give buy or sell.
Saleem
Monday, November 26, 2018
Indices closed UP 1.46% to 2.06%....NICE !!!!!
Indices closed UP.
S&P 500 @ 2673.45, high 2674.35, low 2649.97
RSI @ 42.47
CMF @ 0.062
Internals were :
UP volume led by 2.84 to 1 in NYSE & 3.68 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk lows were leading by 189 in NYSE & 101 in Nasdaq
VIX Down 12.17% @ 18.90
Oil @ $51.63
Gold @ $1222.40
Stocks which were UP 4% or more included SQ NVDA
SHOP CTRP JKS SPWR TSLA TWTR WB NTNX
YELP WYNN LVS TRIP MA AMZN......
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE closed @ high of the day which is a good start in this deeply oversold market. Tonight futures are down BUT IF we can close in green on ' turnaround Tuesday " then we have confirmation that selling was way overdone on December tightening. FANG came to life which IS a good thing, black Friday & Cyber Monday was above expectations, so all is not bad on Wall & Broad.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2673.45, high 2674.35, low 2649.97
RSI @ 42.47
CMF @ 0.062
Internals were :
UP volume led by 2.84 to 1 in NYSE & 3.68 to 1 in Nasdaq
Advancing stocks led by 1.80 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk lows were leading by 189 in NYSE & 101 in Nasdaq
VIX Down 12.17% @ 18.90
Oil @ $51.63
Gold @ $1222.40
Stocks which were UP 4% or more included SQ NVDA
SHOP CTRP JKS SPWR TSLA TWTR WB NTNX
YELP WYNN LVS TRIP MA AMZN......
AH Futures Down
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE closed @ high of the day which is a good start in this deeply oversold market. Tonight futures are down BUT IF we can close in green on ' turnaround Tuesday " then we have confirmation that selling was way overdone on December tightening. FANG came to life which IS a good thing, black Friday & Cyber Monday was above expectations, so all is not bad on Wall & Broad.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.07% to 1.48%.....NICE !!!!
Indices are staging a deeply oversold bounce. Oil being UP is the catalyst.
S&P 500 @ 2664.06, high 2671.64, low 2649.97
Internals are positive by 2 to 1 in UP volume
Oil UP $1.25
Gold Down 20 cents
Canadian $ Down 4 tick @ .6762
VIX Down 9.62% @ 19.45
In my portfolio :
Bought NVDA @ $149.72
Bought AAL @ $38.45
Portfolio AAL KORS NVDA SQ
Most stocks are UP
@ 1.58 PM following are red :
AAL UAL SWN MOMO CGC TLRY CRUS ORCL
OSTK SU ULTA CMG X.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2664.06, high 2671.64, low 2649.97
Internals are positive by 2 to 1 in UP volume
Oil UP $1.25
Gold Down 20 cents
Canadian $ Down 4 tick @ .6762
VIX Down 9.62% @ 19.45
In my portfolio :
Bought NVDA @ $149.72
Bought AAL @ $38.45
Portfolio AAL KORS NVDA SQ
Most stocks are UP
@ 1.58 PM following are red :
AAL UAL SWN MOMO CGC TLRY CRUS ORCL
OSTK SU ULTA CMG X.....
BLOG does NOT give buy or sell.
Saleem
Friday, November 23, 2018
Indices closed down .48% to .73%......
Indices closed down.
S&P 500 @ 2632.56. low 2631.09, high 2647.55
RSI @ 35.50
CMF @ 0.055
Internals were :
Down volume led by 2.05 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk lows were leading by 236 in NYSE & 62 in Nasdaq
VIX UP 3.46% @ 21.52
Oil @ $51.12
Gold @ $1223.60
Canadian $ @ .6794
Portfolio KORS & SQ
Stocks which closed UP 1% or more included SQ
SHOP ESTC MTCH FSLR AMD TLRY EAF
QRVO FEYE OSTK AAL.....
About market, TAPE was weak again and closed @ low of the day despite reports that black Friday sales are running well ahead of expectations, no news seems to help this market. Monday will be another day to see how we do based on " cyber Monday expectations ". Monday will be critical as we will trade full day in US market. Enjoy your thanksgiving holidays, next BLOG will be around 2 PM on Monday, NO SUNDAY BLOG this week.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2632.56. low 2631.09, high 2647.55
RSI @ 35.50
CMF @ 0.055
Internals were :
Down volume led by 2.05 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk lows were leading by 236 in NYSE & 62 in Nasdaq
VIX UP 3.46% @ 21.52
Oil @ $51.12
Gold @ $1223.60
Canadian $ @ .6794
Portfolio KORS & SQ
Stocks which closed UP 1% or more included SQ
SHOP ESTC MTCH FSLR AMD TLRY EAF
QRVO FEYE OSTK AAL.....
About market, TAPE was weak again and closed @ low of the day despite reports that black Friday sales are running well ahead of expectations, no news seems to help this market. Monday will be another day to see how we do based on " cyber Monday expectations ". Monday will be critical as we will trade full day in US market. Enjoy your thanksgiving holidays, next BLOG will be around 2 PM on Monday, NO SUNDAY BLOG this week.
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 21, 2018
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2649.93, high 2670.73, low 2649.82
RSI @ 37.28
CMF @ 0.055
Internals were :
UP volume led by 3.37 to 1 in NYSE & 2.54 to 1 in Nasdaq
Advancing stocks led by 2.77 to 1 in NYSE & 2.90 to 1 in Nasdaq
Net new 52 wk lows were leading by 180 in NYSE & 104 in Nasdaq
VIX Down 7.47% @ 20.80
Oil @ $54.63
Gold @ $1228.00
Stocks which were UP 2% or more included KORS BIDU MOMO
NIU LULU SPLK AEM GG ABX BZUN MTCH CGC TLRY
CRUS BABA CTRP JKS MRVL QRVO WB YY ALDR
RIG LNG WYNN LVS MGA SINA SU KBH CMG
AAL X M ......
AH futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE ended @ low of the day and gave up all the gains in DOW, Internals were the only bright spot, they remained strong until close. Many stocks participated in today's mixed TAPE. This market seems to be stuck in the mud and need some new major catalyst like China US trade agreement, otherwise we may resume bearish action. Most world markets are open on Thursday including Toronto. Next post on Friday around 7 PM, Friday NYSE closing @ 1 PM.
BLOG does NOT give buy or sell.
HAPPY THANKSGIVING !
Saleem
S&P 500 @ 2649.93, high 2670.73, low 2649.82
RSI @ 37.28
CMF @ 0.055
Internals were :
UP volume led by 3.37 to 1 in NYSE & 2.54 to 1 in Nasdaq
Advancing stocks led by 2.77 to 1 in NYSE & 2.90 to 1 in Nasdaq
Net new 52 wk lows were leading by 180 in NYSE & 104 in Nasdaq
VIX Down 7.47% @ 20.80
Oil @ $54.63
Gold @ $1228.00
Stocks which were UP 2% or more included KORS BIDU MOMO
NIU LULU SPLK AEM GG ABX BZUN MTCH CGC TLRY
CRUS BABA CTRP JKS MRVL QRVO WB YY ALDR
RIG LNG WYNN LVS MGA SINA SU KBH CMG
AAL X M ......
AH futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE ended @ low of the day and gave up all the gains in DOW, Internals were the only bright spot, they remained strong until close. Many stocks participated in today's mixed TAPE. This market seems to be stuck in the mud and need some new major catalyst like China US trade agreement, otherwise we may resume bearish action. Most world markets are open on Thursday including Toronto. Next post on Friday around 7 PM, Friday NYSE closing @ 1 PM.
BLOG does NOT give buy or sell.
HAPPY THANKSGIVING !
Saleem
Indices UP .66% to 1.53%.....NICE !!!!
Indices are staging a very weak oversold bounce.
S&P 500 @ 2663.79, high 2670.73, low 2651.26
Internals are positive by 3 to 1
Oil UP $1.54
Gold UP $6.50
Canadian $ UP 56 tick @ .6752
VIX Down 9.88% @ 20.26
In my portfolio :
Sold BIDU @ $185.38
Sold MOMO @ $32.19
Portfolio KORS SQ
Most stocks are UP
@ 2.16 PM following are down :
NVDA AMD AMAT TSLA TK YELP
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2663.79, high 2670.73, low 2651.26
Internals are positive by 3 to 1
Oil UP $1.54
Gold UP $6.50
Canadian $ UP 56 tick @ .6752
VIX Down 9.88% @ 20.26
In my portfolio :
Sold BIDU @ $185.38
Sold MOMO @ $32.19
Portfolio KORS SQ
Most stocks are UP
@ 2.16 PM following are down :
NVDA AMD AMAT TSLA TK YELP
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 20, 2018
Indices closed down 1.70% to 2.21%.......
Indices closed down.
S&P 500 @ 2641.89, low 2631.52, high 2669.44
RSI @ 35.90
CMF @ 0.038
Internals were :
Down volume led by 8.24 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 5.69 to 1 in NYSE & 3.16 to 1 in Nasdaq
Net new 52 wk lows were leading by 724 in NYSE & 378 in Nasdaq
VIX UP 11.84% @ 22.48
Oil @ $53.43
Gold @ $1221.20
AH news...FL UP 16.29%, ADSK UP UP 8.81%
BILI Down 5.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was in freefall again today and closed near low of the day, DOW was the worst performer closing down 552 points.Internals were the worst in this selling. Based on current futures, we may get much needed " deeply oversold bounce "... This has been brutal for most participants who could not predict 40% slump in most high beta stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2641.89, low 2631.52, high 2669.44
RSI @ 35.90
CMF @ 0.038
Internals were :
Down volume led by 8.24 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 5.69 to 1 in NYSE & 3.16 to 1 in Nasdaq
Net new 52 wk lows were leading by 724 in NYSE & 378 in Nasdaq
VIX UP 11.84% @ 22.48
Oil @ $53.43
Gold @ $1221.20
AH news...FL UP 16.29%, ADSK UP UP 8.81%
BILI Down 5.15%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was in freefall again today and closed near low of the day, DOW was the worst performer closing down 552 points.Internals were the worst in this selling. Based on current futures, we may get much needed " deeply oversold bounce "... This has been brutal for most participants who could not predict 40% slump in most high beta stocks.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.65% to 2.09%......
Indices are sharply lower again, Oil sharply lower which is an inflation lowering tool plus an indicator of slow economic growth.
S&P 500 @ 2646.35, low 2632.51, high 2669.44
Internals are negative from 2 to 1 in Nasdaq to almost 8 to 1 in NYSE.
Oil Down $4.05
Gold Down $4.10
Canadian $ Down 1.34 cent @ .6696
VIX UP 12.49% @ 22.61
Portfolio BIDU KORS MOMO SQ
Most stocks are down
@ 2.22 following are green :
SHOP NVDA AEM VICR AMD AMAT PANW
OSTK KBH ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2646.35, low 2632.51, high 2669.44
Internals are negative from 2 to 1 in Nasdaq to almost 8 to 1 in NYSE.
Oil Down $4.05
Gold Down $4.10
Canadian $ Down 1.34 cent @ .6696
VIX UP 12.49% @ 22.61
Portfolio BIDU KORS MOMO SQ
Most stocks are down
@ 2.22 following are green :
SHOP NVDA AEM VICR AMD AMAT PANW
OSTK KBH ......
BLOG does NOT give buy or sell.
Saleem
Monday, November 19, 2018
Indices closed down 1.56% to 3.03%......
Indices closed down.
S&P 500 @ 2690.73, low 2681.09, high 2733.16
RSI @ 41.00
CMF @ 0.092
Internals were :
Down volume led by 2.37 to 1 in NYSE & 3.25 to 1 in Nasdaq
Declining stocks led by 2.21 to 1 in NYSE & 2.95 to 1 in Nasdaq
Net new 52 wk lows were leading by 86 in NYSE & 83 in Nasdaq
VIX UP 10.80% @ 20.10
Oil @ $56.76
Gold @ $1225.30
AH news....URBN UP 4.75%, A UP 5.54%
NIU UP 9.24%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE gave a clear signal today that all is not well on Wall & Broad St. IF I have to guess, that we may have seen peak in earnings, that means that there will be more contraction in PE.IF that is accurate then we have a bear market on hand, irrespective of any new development which may be taken as positive. Rallies in bear market are non existent, rallies are generally for maximum a day and then down days again. Rallies are also sold. There is no real way to play long in a bear market, only short or stay out.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2690.73, low 2681.09, high 2733.16
RSI @ 41.00
CMF @ 0.092
Internals were :
Down volume led by 2.37 to 1 in NYSE & 3.25 to 1 in Nasdaq
Declining stocks led by 2.21 to 1 in NYSE & 2.95 to 1 in Nasdaq
Net new 52 wk lows were leading by 86 in NYSE & 83 in Nasdaq
VIX UP 10.80% @ 20.10
Oil @ $56.76
Gold @ $1225.30
AH news....URBN UP 4.75%, A UP 5.54%
NIU UP 9.24%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE gave a clear signal today that all is not well on Wall & Broad St. IF I have to guess, that we may have seen peak in earnings, that means that there will be more contraction in PE.IF that is accurate then we have a bear market on hand, irrespective of any new development which may be taken as positive. Rallies in bear market are non existent, rallies are generally for maximum a day and then down days again. Rallies are also sold. There is no real way to play long in a bear market, only short or stay out.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.88% to 3.08%.....
Indices are being crushed again, we are still above lows reached in this selling, the question is ...can we make " higher low on close "......
S&P 500 @ 2682.83, low 2682.83, high 2733.16
Internals are negative by 3 to 1
Oil UP 46 cents
Gold UP $1.80
Canadian $ Down 44 tick @ .6813
VIX UP 15.49% @ 20.95
Portfolio BIDU KORS MOMO SQ
Most stocks are down...
@ 2.07 PM following are UP :
AEM GG PRNB CSIQ EAF TSLA MGA MS
ABX KBH ......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2682.83, low 2682.83, high 2733.16
Internals are negative by 3 to 1
Oil UP 46 cents
Gold UP $1.80
Canadian $ Down 44 tick @ .6813
VIX UP 15.49% @ 20.95
Portfolio BIDU KORS MOMO SQ
Most stocks are down...
@ 2.07 PM following are UP :
AEM GG PRNB CSIQ EAF TSLA MGA MS
ABX KBH ......
BLOG does NOT give buy or sell.
Saleem
Sunday, November 18, 2018
Market ready to move UP.......
It has been 7 weeks of slump in worldwide markets.
US markets may have overdone on the downside.
DOW is giving signal that " worst may be over "
DOW is the only index which is above 200 DMA.
S&P 500 & Nasdaq are below 200 DMA
SOX & RUT are not only below 200 DMA but are showing " death cross "
Since DOW is giving " contrary technical picture " it is safe to buy stocks which are not in the " epicenter " of this down move.....
Who are in the " epicenter " of this down move......AAPL FB GOOG AMZN MSFT NVDA......to name a few
YELP is in neverland
Most technology stocks are trying to find support.....
This may be a rare chance to buy high growth stocks @ sharply discounted price
Technology are offering " early black Friday sales "
Sentiments could not be more negative after 7 slumping weeks, a reliable contrary indicator......
SO...get your confidence UP and do some homework on your strong buys....
You may look back @ current prices as the most opportune in a long long time...
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
US markets may have overdone on the downside.
DOW is giving signal that " worst may be over "
DOW is the only index which is above 200 DMA.
S&P 500 & Nasdaq are below 200 DMA
SOX & RUT are not only below 200 DMA but are showing " death cross "
Since DOW is giving " contrary technical picture " it is safe to buy stocks which are not in the " epicenter " of this down move.....
Who are in the " epicenter " of this down move......AAPL FB GOOG AMZN MSFT NVDA......to name a few
YELP is in neverland
Most technology stocks are trying to find support.....
This may be a rare chance to buy high growth stocks @ sharply discounted price
Technology are offering " early black Friday sales "
Sentiments could not be more negative after 7 slumping weeks, a reliable contrary indicator......
SO...get your confidence UP and do some homework on your strong buys....
You may look back @ current prices as the most opportune in a long long time...
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, November 16, 2018
Indices closed mixed.....
Indices closed mixed, Nasdaq almost made it to green, a very positive close. China & US are getting cosy for a trade deal which will give boost to markets around the world as #1 & #2 world economies start full trading.
S&P 500 @ 2736.27, high 2746.75, low 2712.16
RSI @ 46.75
CMF @ 0.098
Internals were :
UP volume led by 1.33 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 188 in NYSE & 111 in Nasdaq
VIX Down 9.21% @ 18.14
Oil @ $56.46
Gold @ $123.00
Canadian $ @ .6820
Stocks which were UP 1% or more included AAPL ESTC AEM
GG TLRY PRNB AMAT CSIQ JKS LRCX QRVO TSLA LNG
TWTR ALDR SPWR WYNN MCD SPWR KBH M.....
Portfolio BIDU KORS MOMO SQ
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2736.27, high 2746.75, low 2712.16
RSI @ 46.75
CMF @ 0.098
Internals were :
UP volume led by 1.33 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 188 in NYSE & 111 in Nasdaq
VIX Down 9.21% @ 18.14
Oil @ $56.46
Gold @ $123.00
Canadian $ @ .6820
Stocks which were UP 1% or more included AAPL ESTC AEM
GG TLRY PRNB AMAT CSIQ JKS LRCX QRVO TSLA LNG
TWTR ALDR SPWR WYNN MCD SPWR KBH M.....
Portfolio BIDU KORS MOMO SQ
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 15, 2018
Indices closed UP .83% to 1.72%....NICE !!!!
Indices closed UP.
S&P 500 @ 2730.20, high 2735.38, low 2670.75
RSI @ 45.81
CMF @ 0.051
Internals were :
UP volume led by 1.92 to 1 in NYSE & 2.90 to 1 in Nasdaq
Advancing stocks led by 1.35 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 298 in NYSE & 179 in Nasdaq
VIX Down 5.98% @ 19.98
Oil @ $56.46
Gold @ $1215.00
Stocks which were UP 4% or more included MOMO SQ
SHOP ESTC VICR TLRY PRNB AMAT CSIQ JKS
MU WB YY SINA.....
AH news...NVDA Down 16.77%, JWN Down 9.29%
AMAT Down 7.77%, AMD Down 5.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day with most internals not only positive but strong. AH NVDA came out with earnings well below expectations in all areas, IT will be a real test of this TAPE to see how we close, IF we close MIXED then it will be a victory for bulls. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2730.20, high 2735.38, low 2670.75
RSI @ 45.81
CMF @ 0.051
Internals were :
UP volume led by 1.92 to 1 in NYSE & 2.90 to 1 in Nasdaq
Advancing stocks led by 1.35 to 1 in NYSE & 2.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 298 in NYSE & 179 in Nasdaq
VIX Down 5.98% @ 19.98
Oil @ $56.46
Gold @ $1215.00
Stocks which were UP 4% or more included MOMO SQ
SHOP ESTC VICR TLRY PRNB AMAT CSIQ JKS
MU WB YY SINA.....
AH news...NVDA Down 16.77%, JWN Down 9.29%
AMAT Down 7.77%, AMD Down 5.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day with most internals not only positive but strong. AH NVDA came out with earnings well below expectations in all areas, IT will be a real test of this TAPE to see how we close, IF we close MIXED then it will be a victory for bulls. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .43% to 1.22%....NICE !!!!
Indices are UP after being down earlier.Indices are @ high of the day.
S&P 500 @ 2723.17, high 2724.74, low 2670.75
Internals are positive as high as 2 to 1 in Nasdaq.
Oil UP 43 cents
Gold UP $4.30
Canadian $ UP 58 tick @ .6821
VIX Down 2.78% @ 20.66
Portfolio BIDU KORS MOMO SQ
Most stocks are UP
@ 2.00 PM following stocks are down :
KORS LULU EAF PANW TK NKE KBH CMG
M......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2723.17, high 2724.74, low 2670.75
Internals are positive as high as 2 to 1 in Nasdaq.
Oil UP 43 cents
Gold UP $4.30
Canadian $ UP 58 tick @ .6821
VIX Down 2.78% @ 20.66
Portfolio BIDU KORS MOMO SQ
Most stocks are UP
@ 2.00 PM following stocks are down :
KORS LULU EAF PANW TK NKE KBH CMG
M......
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 14, 2018
Indices closed down .76% to .90%.......
Indices closed down.
S&P 500 @ 2701.58, low 2685.75, high 2746.80
RSI @ 41.26
CMF @ -0.010
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.23 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 216 in NYSE & 187 in Nasdaq
VIX UP 6.14% @ 21.25
Oil @ $56.25
Gold @ $1210.10
AH news...CSCO UP 4.96%, VIPS UP 5.42%
WUBA UP 4.05%, NTAP Down 6.31%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE tried going UP but lost all its gains and dropped to low of the day, in the end all indices closed down. There is lot of issues which seems to be bogging this market down, latest issue being US mid term election results which has substantially changed legislative scenario and is impacting financials. All major indices are below 200 DMA as of today.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2701.58, low 2685.75, high 2746.80
RSI @ 41.26
CMF @ -0.010
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.23 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 216 in NYSE & 187 in Nasdaq
VIX UP 6.14% @ 21.25
Oil @ $56.25
Gold @ $1210.10
AH news...CSCO UP 4.96%, VIPS UP 5.42%
WUBA UP 4.05%, NTAP Down 6.31%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE tried going UP but lost all its gains and dropped to low of the day, in the end all indices closed down. There is lot of issues which seems to be bogging this market down, latest issue being US mid term election results which has substantially changed legislative scenario and is impacting financials. All major indices are below 200 DMA as of today.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.27% to 1.32%.....
Indices are not able to stage an oversold bounce as any rally attempt fizzles out and we are @ low of the day.
S&P 500 @ 2688.50, low 2685.high 2746.80
Internals are negative bu 2 to 1
Oil UP 42 cents
Gold UP $14.80
Canadian $ UP 1 tick @ .6767
VIX UP 7.24% @ 21.47
Portfolio BIDU KORS MOMO SQ
Most stocks are down
@ 2.19 following are green ;
BIDU MOMO SHOP AEM GG FB AMD CRUS
BABA CSIQ CTRP WB YY ROKU CHK LVS
TWTR WYNN MLNX FNSR MGA ABX SU
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2688.50, low 2685.high 2746.80
Internals are negative bu 2 to 1
Oil UP 42 cents
Gold UP $14.80
Canadian $ UP 1 tick @ .6767
VIX UP 7.24% @ 21.47
Portfolio BIDU KORS MOMO SQ
Most stocks are down
@ 2.19 following are green ;
BIDU MOMO SHOP AEM GG FB AMD CRUS
BABA CSIQ CTRP WB YY ROKU CHK LVS
TWTR WYNN MLNX FNSR MGA ABX SU
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 13, 2018
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2722.11, low 2714.98, high 2754.40
RSI @ 43.71
CMF @ 0.036
Internals were :
Down volume led by 1.10 to 1 in NYSE & .75 to 1 in Nasdaq
Declining stocks led by 1.08 to 1 in NYSE & 1.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 200 in NYSE & 151 in Nasdaq
VIX Down 2.10% @ 20.02
Oil @ $55.69
Gold @ $1201.40
Stocks which were UP 2% or more included SQ
SHOP NVDA LULU MTCH AMD AMAT CRUS
BABA OLED TSLA ROKU BZUN CHK WYNN
FNSR AAL.....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE attempted to rally in pre market but rally fizzled out @ open and struggled whole day. Oil is the big news 12 straight down days is a new record. We may have discounted most of the bad news and may stage an oversold bounce. It is important to watch action in all stocks to pick stronger performers going forward.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2722.11, low 2714.98, high 2754.40
RSI @ 43.71
CMF @ 0.036
Internals were :
Down volume led by 1.10 to 1 in NYSE & .75 to 1 in Nasdaq
Declining stocks led by 1.08 to 1 in NYSE & 1.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 200 in NYSE & 151 in Nasdaq
VIX Down 2.10% @ 20.02
Oil @ $55.69
Gold @ $1201.40
Stocks which were UP 2% or more included SQ
SHOP NVDA LULU MTCH AMD AMAT CRUS
BABA OLED TSLA ROKU BZUN CHK WYNN
FNSR AAL.....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE attempted to rally in pre market but rally fizzled out @ open and struggled whole day. Oil is the big news 12 straight down days is a new record. We may have discounted most of the bad news and may stage an oversold bounce. It is important to watch action in all stocks to pick stronger performers going forward.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed as 3 Fed officials are on the talk circuit. Oil slumping badly for 12 straight day, never happened before.
S&P 500 @ 2729.19, high 2754.60, low 2719.48
Internals are positive.
Oil Down $3.77
Gold Down $1.60
Canadian $ Down 12 tick @ .6743
VIX Down .44% @ 20.36
Portfolio BIDU KORS MOMO SQ
Most stocks are UP
@ 2.19 PM following are red :
AAPL ESTC FSLR CSIQ FFIV JKS YY TK
RIG LNG YELP SPWR GS MA OSTK
SU SWKS CMG PANW M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2729.19, high 2754.60, low 2719.48
Internals are positive.
Oil Down $3.77
Gold Down $1.60
Canadian $ Down 12 tick @ .6743
VIX Down .44% @ 20.36
Portfolio BIDU KORS MOMO SQ
Most stocks are UP
@ 2.19 PM following are red :
AAPL ESTC FSLR CSIQ FFIV JKS YY TK
RIG LNG YELP SPWR GS MA OSTK
SU SWKS CMG PANW M.....
BLOG does NOT give buy or sell.
Saleem
Monday, November 12, 2018
Indices closed down 1.97% to 2.78%......
Indices closed down.
S&P 500 @ 2726.22, low 2722.00, high 2775.99
RSI @ 44.19
CMF @ 0.100
Internals were :
Down volume led by 4.91 to 1 in NYSE & 4.75 to 1 in Nasdaq
Declining stocks led by 2.80 to 1 in NYSE & 3.64 to 1 in Nasdaq
Net new 52 wk lows were leading by 138 in NYSE & 145 in Nasdaq
VIX UP 17.80% @ 20.45
Oil @ $59.93
Gold @ $1203.50
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE continued its bearish run by closing near low of the day, Dow & S&P 500 are all below 200 DMA, it is all about Fed insisting on raising rates and market is giving its thumb down, when market do not agree with Fed, it gets very painful for traders. After 3 days of slump, TAPE may stage an oversold bounce on " turnaround Tuesday "
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2726.22, low 2722.00, high 2775.99
RSI @ 44.19
CMF @ 0.100
Internals were :
Down volume led by 4.91 to 1 in NYSE & 4.75 to 1 in Nasdaq
Declining stocks led by 2.80 to 1 in NYSE & 3.64 to 1 in Nasdaq
Net new 52 wk lows were leading by 138 in NYSE & 145 in Nasdaq
VIX UP 17.80% @ 20.45
Oil @ $59.93
Gold @ $1203.50
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE continued its bearish run by closing near low of the day, Dow & S&P 500 are all below 200 DMA, it is all about Fed insisting on raising rates and market is giving its thumb down, when market do not agree with Fed, it gets very painful for traders. After 3 days of slump, TAPE may stage an oversold bounce on " turnaround Tuesday "
BLOG does NOT give buy or sell.
Saleem
Indices down 1.57% to 2.52%.....
Indices are sharply lower and went below 200 DMA in S&P 500 & DOW. Oil staged a weak oversold bounce but has turned lower.
S&P 500 @ 2740.72, low 2732.31, high 2775.99
Internals are negative by minimum 2 to 1 to maximum 3 to 1
Oil Down 9 cents
Gold Down $4.90
Canadian $ Down 4 tick @ .6787
VIX UP 13.65% @ 19.73
Portfolio BIDU KORS MOMO SQ
Most stocks are down
@ 1.57 PM following are green :
KORS FSLR PRNB TLRY JKS YELP SPWR
WYNN MGA OSTK SU ULTA CMG AAL...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2740.72, low 2732.31, high 2775.99
Internals are negative by minimum 2 to 1 to maximum 3 to 1
Oil Down 9 cents
Gold Down $4.90
Canadian $ Down 4 tick @ .6787
VIX UP 13.65% @ 19.73
Portfolio BIDU KORS MOMO SQ
Most stocks are down
@ 1.57 PM following are green :
KORS FSLR PRNB TLRY JKS YELP SPWR
WYNN MGA OSTK SU ULTA CMG AAL...
BLOG does NOT give buy or sell.
Saleem
Sunday, November 11, 2018
Markets...where to now?
Market has seen unbelievable weakness in the month of famous and much dreaded October, it was pretty much a straight downhill for whole month of October 2018.
In the first 18 trading days in October, we lost 337.37 points in S&P 500 or DOWN 11.47%.....a very fast pace of decline...
Once October ended, in last 9 trading days S&P 500 has gained 171.47 points or UP 6.57%.....
Since beginning of October when we were sitting @ all time high of 2940.91 in S&P 500, we are still down 159.90 points or 5.44% as of Friday's close.
NOW...the question is.....
Are we going to test the support again or Friday's slump to 200 DMA in S&P 500 which we held and moved UP is enough....
Chart readers / technicians are very excited about reverse head & shoulders which we have formed and are predicting once in a lifetime opportunity like bottom of 2009....
Technicians are correct only 50% of the time no matter how well they read their chart, so tread with caution on any prediction of this TAPE.....
World economy is definitely in turmoil partly due to natural economic cycles and accelerated by US / China trade tensions.
Oil slump is very puzzling, its in a severe straight line slump, not seen as a pattern.
Oil is loudly saying " all is not well economically speaking in this world "
IF we believe oil scenario, then Federal Reserve is " totally on wrong path of increasing interest rates "
IF interest rate in US are near top of the range, then it will give lot of room for equity to expand.....
US Feds are known to wake up to new reality of slumping oil prices & slowing worldwide economic activities.....
SO..IF FED back tracks on its language, we MAY have formed a sustainable bottom in market.
In my opinion, Fed is controlling this market in US, IF they remain hawkish, we go down to make new lows.....
Good luck with your own analysis and your comfort level.
BLOG does NOT give buy or sell.
Saleem
In the first 18 trading days in October, we lost 337.37 points in S&P 500 or DOWN 11.47%.....a very fast pace of decline...
Once October ended, in last 9 trading days S&P 500 has gained 171.47 points or UP 6.57%.....
Since beginning of October when we were sitting @ all time high of 2940.91 in S&P 500, we are still down 159.90 points or 5.44% as of Friday's close.
NOW...the question is.....
Are we going to test the support again or Friday's slump to 200 DMA in S&P 500 which we held and moved UP is enough....
Chart readers / technicians are very excited about reverse head & shoulders which we have formed and are predicting once in a lifetime opportunity like bottom of 2009....
Technicians are correct only 50% of the time no matter how well they read their chart, so tread with caution on any prediction of this TAPE.....
World economy is definitely in turmoil partly due to natural economic cycles and accelerated by US / China trade tensions.
Oil slump is very puzzling, its in a severe straight line slump, not seen as a pattern.
Oil is loudly saying " all is not well economically speaking in this world "
IF we believe oil scenario, then Federal Reserve is " totally on wrong path of increasing interest rates "
IF interest rate in US are near top of the range, then it will give lot of room for equity to expand.....
US Feds are known to wake up to new reality of slumping oil prices & slowing worldwide economic activities.....
SO..IF FED back tracks on its language, we MAY have formed a sustainable bottom in market.
In my opinion, Fed is controlling this market in US, IF they remain hawkish, we go down to make new lows.....
Good luck with your own analysis and your comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, November 9, 2018
Indices closed down .77% to 1.65%....
Indices were down on concern for worldwide economic slowdown, that should slow down fed focus on increasing interest rates. Most Index went to their support and turned higher from that level, a retest of support appears to be done.
S&P 500 @ 2781.01, low 2764.24, high 2794.10
RSI @ 51.24
CMF @ 0.105
Internals were :
Down volume led by 2.37 to 1 in NYSE & 3.25 to 1 in Nasdaq
Declining stocks led by 2.21 to 1 in NYSE & 2.95 to 1 in Nasdaq
Net new 52 wk lows were leading by 86 in NYSE & 83 in Nasdaq
VIX UP 3.83% @ 17.36
Oil @ $60.19
Gol;d @ $1208.60
Canadian $ @ .6765
Stocks which closed green included CHK RIG MLNX FNSR
ORCL MCD ULTA KBH CMG IBM CNX......
In my portfolio bought SQ @ $73.40
Portfolio BIDU KORS MOMO SQ
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2781.01, low 2764.24, high 2794.10
RSI @ 51.24
CMF @ 0.105
Internals were :
Down volume led by 2.37 to 1 in NYSE & 3.25 to 1 in Nasdaq
Declining stocks led by 2.21 to 1 in NYSE & 2.95 to 1 in Nasdaq
Net new 52 wk lows were leading by 86 in NYSE & 83 in Nasdaq
VIX UP 3.83% @ 17.36
Oil @ $60.19
Gol;d @ $1208.60
Canadian $ @ .6765
Stocks which closed green included CHK RIG MLNX FNSR
ORCL MCD ULTA KBH CMG IBM CNX......
In my portfolio bought SQ @ $73.40
Portfolio BIDU KORS MOMO SQ
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 8, 2018
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2806.83, low 2794.99, high 2814.75
RSI @ 55.09
CMF @ 0.131
Internals were :
Down volume led by 1.85 to 1 in NYSE & 1.41 to 1 in Nasdaq
Declining stocks led by 1.26 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 37 in NYSE & 16 in Nasdaq
VIX UP 2.20% @ 16.72
Oil @ $60.67
Gold @ $1225.10
AH news....HTZ UP 20.93%, SYNA UP 9.22%
YELP Down 27.47%, SWIR Down 8.72%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was in wait and read mode for Fed statement which offered no surprise employment getting stronger and business investment getting moderate, sees gradual rate increase which is a desirable approach. Tomorrow we may see rethink about Fed reaction, hopefully we close green. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2806.83, low 2794.99, high 2814.75
RSI @ 55.09
CMF @ 0.131
Internals were :
Down volume led by 1.85 to 1 in NYSE & 1.41 to 1 in Nasdaq
Declining stocks led by 1.26 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 37 in NYSE & 16 in Nasdaq
VIX UP 2.20% @ 16.72
Oil @ $60.67
Gold @ $1225.10
AH news....HTZ UP 20.93%, SYNA UP 9.22%
YELP Down 27.47%, SWIR Down 8.72%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was in wait and read mode for Fed statement which offered no surprise employment getting stronger and business investment getting moderate, sees gradual rate increase which is a desirable approach. Tomorrow we may see rethink about Fed reaction, hopefully we close green. 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 after dipping in red on release of Fed statement, Fed is pointing to continued strength in employment and weakening in business investment, a mixed / neutral analysis.
S&P 500 @ 2809.72, low 2801.17, high 2814.75
Internals are negative
Oil Down 74 cents
Gold Down $3.50
Canadian $ Down 7 tick @ .6883
VIX UP 1.34% @ 16.58
In my portfolio ..Doubled my position in BIDU @ $193.88
Portfolio...... BIDU KORS MOMO
Most stocks are down
@ 2.18 PM following are green :
KORS ESTC MTCH AMZN CRUS OLED QRVO
SHOP TSLA FEYE LNG GS TRIP MLNX
FNSR MGA MCD ULTA SWKS CMG
M......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2809.72, low 2801.17, high 2814.75
Internals are negative
Oil Down 74 cents
Gold Down $3.50
Canadian $ Down 7 tick @ .6883
VIX UP 1.34% @ 16.58
In my portfolio ..Doubled my position in BIDU @ $193.88
Portfolio...... BIDU KORS MOMO
Most stocks are down
@ 2.18 PM following are green :
KORS ESTC MTCH AMZN CRUS OLED QRVO
SHOP TSLA FEYE LNG GS TRIP MLNX
FNSR MGA MCD ULTA SWKS CMG
M......
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 7, 2018
Indices closed UP 2.12% to 2.64%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2813.89, high 2815.15, low 2774.13
RSI @ 56.16
CMF @ 0.084
Internals were :
UP volume led by 3.26 to 1 in NYSE & 2.38 to 1 in Nasdaq
Advancing stocks led by 3.33 to 1 in NYSE & 2.31 to 1 in Nasdaq
Net new 52 wk high were leading by 17 in NYSE & lows by 13 in Nasdaq
VIX Down 17.83% @ 16.36
Oil @ $61.67
Gold @ $1228.70
Stocks which were UP 2% or more included MOMO SQ
AAPL ESTC SPLK BZUN VICR FSLR TLRY AMZN
BABA CIEN CTRP CSIQ GOOG MU NFLX PANW
SHOP TSLA YY ROKU AMD RIG FEYE LNG
WYNN MLNX FNSR MA OSTK MSFT V
AAL.....
AH news....RUBI UP 10.06%, ROKU Down 12.53%
WYNN Down 12.05%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE went into overdrive and improved its technical picture, DOW is above both 200 DMA & 50 DMA, S&P 500 above 200 DMA and very close to 50 DMA, Nasdaq above 200 DMA, these are tell tale of DOW leading other indices into higher ground. Internals were mostly positive and strongest I have seen in a while.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2813.89, high 2815.15, low 2774.13
RSI @ 56.16
CMF @ 0.084
Internals were :
UP volume led by 3.26 to 1 in NYSE & 2.38 to 1 in Nasdaq
Advancing stocks led by 3.33 to 1 in NYSE & 2.31 to 1 in Nasdaq
Net new 52 wk high were leading by 17 in NYSE & lows by 13 in Nasdaq
VIX Down 17.83% @ 16.36
Oil @ $61.67
Gold @ $1228.70
Stocks which were UP 2% or more included MOMO SQ
AAPL ESTC SPLK BZUN VICR FSLR TLRY AMZN
BABA CIEN CTRP CSIQ GOOG MU NFLX PANW
SHOP TSLA YY ROKU AMD RIG FEYE LNG
WYNN MLNX FNSR MA OSTK MSFT V
AAL.....
AH news....RUBI UP 10.06%, ROKU Down 12.53%
WYNN Down 12.05%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE went into overdrive and improved its technical picture, DOW is above both 200 DMA & 50 DMA, S&P 500 above 200 DMA and very close to 50 DMA, Nasdaq above 200 DMA, these are tell tale of DOW leading other indices into higher ground. Internals were mostly positive and strongest I have seen in a while.
BLOG does NOT give buy or sell.
Saleem
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