Indices closed mixed.
S&P 500 @ 2704.10, high 2708.95, low 2678.65
RSI @ 63.65
CMF @ 0.361
Internals were :
UP volume led by 1.80 to 1 in NYSE & 1.63 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 1.80 to 1 in Nasdaq
Net new 52 wk highs were leading by 50 in NYSE & 49 in Nasdaq
VIX Down 6.17% @ 16.57
Oil @ $53.79
Gold @ $1325.20
Stocks which were UP 4% or more included FB TWTR BZUN
HUYA NVDA AMD CRON JKS MLNX SINA KBH....
In my portfolio :
Sold FB in AH @ $166.82
Sold ESTC @ $84.94
Sold BZUN @ $35.85
Portfolio SQ TSLA TWTR
AH news...AMZN Down 4.87%, CLS Down 9.06%
LLNW UP 4.81%, SYMC UP 7.42%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed mixed but Nasdaq was strong due to FB excellent numbers, AH AMZN gave poor guidance and may affect Nasdaq in Friday's trading. Chinese PMI came in lower @ 48.3% vs expected of 49.5%, this is consecutive contraction in Chinese economy. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 31, 2019
Indices mixed.....
Indices are mixed to digest huge gains from yesterday.
S&P 500 @ 2700.23, high 2708.95, low 2678.65
Internals are positive mostly 2 to 1
Oil Down 32 cents
Gold UP $9.00
Canadian $ UP 4 tick @ .6857
VIX Down 4.87% @ 16.80
In my portfolio Bought TSLA @ $296.00
Portfolio BZUN ESTC FB SQ TSLA TWTR
Most stocks are UP
@ 2.26 PM Following are red :
TSLA MU UAL SWN AAL LULU VICR AMAT
CRUS EAF EXPE LRCX QRVO CHK RIG LNG
YELP PYPL MSFT LVS GS ORCL MS OSTK
MCD SWKS CMG IBM V M CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2700.23, high 2708.95, low 2678.65
Internals are positive mostly 2 to 1
Oil Down 32 cents
Gold UP $9.00
Canadian $ UP 4 tick @ .6857
VIX Down 4.87% @ 16.80
In my portfolio Bought TSLA @ $296.00
Portfolio BZUN ESTC FB SQ TSLA TWTR
Most stocks are UP
@ 2.26 PM Following are red :
TSLA MU UAL SWN AAL LULU VICR AMAT
CRUS EAF EXPE LRCX QRVO CHK RIG LNG
YELP PYPL MSFT LVS GS ORCL MS OSTK
MCD SWKS CMG IBM V M CNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 30, 2019
Indices closed UP 1.55% to 2.20%....NICE !!!!
Indices closed UP.
S&P 500 @ 2681.05, high 2690.44, low 2648.34
RSI @ 60.96
CMF @ 0.352
Internals were :
UP volume led by 4.30 to 1 in NYSE & 3.25 to 1 in Nasdaq
Advancing stocks led by 4.10 to 1 in NYSE & 2.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 4 in Nasdaq
VIX Down 7.68% @ 17.66
Oil @ $54.23
Gold @ $1315.50
Stocks which were UP 4% or more included ESTC FB SQ
NVDA AMD AAPL AMZN BABA JKS ALDR LVS
MLNX X......
AH news...FB UP 11.51%, NOW UP 6.6%
X Down 6.21%, TSLA Down 4.78%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was in overdrive mode when Fed in a unanimous policy statement agreed to be patient in raising interest rates, a rarity in Fed policy making when everyone agrees. Indices closed near high of the day. AH FB beat earnings expectations in every category and showed growth of 9% in DAU & MAU yoy, this surprised every analyst.Expect Nasdaq to show strength in Thursday's session.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2681.05, high 2690.44, low 2648.34
RSI @ 60.96
CMF @ 0.352
Internals were :
UP volume led by 4.30 to 1 in NYSE & 3.25 to 1 in Nasdaq
Advancing stocks led by 4.10 to 1 in NYSE & 2.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 4 in Nasdaq
VIX Down 7.68% @ 17.66
Oil @ $54.23
Gold @ $1315.50
Stocks which were UP 4% or more included ESTC FB SQ
NVDA AMD AAPL AMZN BABA JKS ALDR LVS
MLNX X......
AH news...FB UP 11.51%, NOW UP 6.6%
X Down 6.21%, TSLA Down 4.78%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was in overdrive mode when Fed in a unanimous policy statement agreed to be patient in raising interest rates, a rarity in Fed policy making when everyone agrees. Indices closed near high of the day. AH FB beat earnings expectations in every category and showed growth of 9% in DAU & MAU yoy, this surprised every analyst.Expect Nasdaq to show strength in Thursday's session.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.32% to 1.78%.....NICE !!!!
Indices are higher as Fed statement confirms their " dovish approach " as they are staying patient and feel interest rates are appropriate for the condition.
S&P 500 @ 2673.46, high 2676.51, low 2648.34
Internals are positive by 3 to 1 average...
Oil UP $1.35
Gold UP $3.40
Canadian $ UP 1.13 cent @ .6848
VIX Down 5.70% @ 18.04
In my portfolio:
Sold IQ @ $19.19
Added 60% TWTR @ $31.85
Portfolio BZUN ESTC FB SQ TWTR
Most stocks are UP
@ 2.16 PM following are red :
PHM TLRY PRNB CIEN SINA MCD
FB reports AH, here are the expectations :
Q 4 Sales $16.4 Billions, EPS $2.19
Guidance Q 1 Sales $14.78 Billions, EPS $1.59
I expect FB to meet these numbers, hopefully that will be positive for stock!
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2673.46, high 2676.51, low 2648.34
Internals are positive by 3 to 1 average...
Oil UP $1.35
Gold UP $3.40
Canadian $ UP 1.13 cent @ .6848
VIX Down 5.70% @ 18.04
In my portfolio:
Sold IQ @ $19.19
Added 60% TWTR @ $31.85
Portfolio BZUN ESTC FB SQ TWTR
Most stocks are UP
@ 2.16 PM following are red :
PHM TLRY PRNB CIEN SINA MCD
FB reports AH, here are the expectations :
Q 4 Sales $16.4 Billions, EPS $2.19
Guidance Q 1 Sales $14.78 Billions, EPS $1.59
I expect FB to meet these numbers, hopefully that will be positive for stock!
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 29, 2019
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2640.00, low 2631.05, high 2650.93
RSI @ 55.53
CMF @ 0.362
Internals were:
UP volume led by 1.53 to 1 in NYSE & 2.16 to 1 in Nasdaq
Advancing stocks led by 1.42 to 1 in NYSE & .81 to 1 in Nasdaq
Net new 52 wk highs were leading by 42 in NYSE & 7 in Nasdaq
VIX UP 1.38% @ 19.13
Oil @ $53.31
Gold @ $1315.20
AH news... AMD UP 9.25%, AAPL UP 5.51%
EGHT Down 7.82%, MSTR Down 5.98%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE struggled whole day, by close only DOW was UP. After hour earnings from AMD & AAPL although below consensus are greeted positively as they were not as bad as expected, this should get technology back to positive momentum.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2640.00, low 2631.05, high 2650.93
RSI @ 55.53
CMF @ 0.362
Internals were:
UP volume led by 1.53 to 1 in NYSE & 2.16 to 1 in Nasdaq
Advancing stocks led by 1.42 to 1 in NYSE & .81 to 1 in Nasdaq
Net new 52 wk highs were leading by 42 in NYSE & 7 in Nasdaq
VIX UP 1.38% @ 19.13
Oil @ $53.31
Gold @ $1315.20
AH news... AMD UP 9.25%, AAPL UP 5.51%
EGHT Down 7.82%, MSTR Down 5.98%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE struggled whole day, by close only DOW was UP. After hour earnings from AMD & AAPL although below consensus are greeted positively as they were not as bad as expected, this should get technology back to positive momentum.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed as China US trade tension continues.
Internals are mixed.
Oil UP $1.35
Gold UP $6.30
Canadian $ Down 9 tick @ .6729
VIX UP .37% @ 18.94
Portfolio BZUN ESTC FB IQ SQ TWTR
Most stocks are down...
@ 2.16 PM following are green :
UAL KORS AEM NIU SPLK GG CIEN EAF
OLED PANW RIG LNG LVS GS ORCL
KBH IBM M CNX...
BLOG does NOT give buy or sell.
Saleem
Internals are mixed.
Oil UP $1.35
Gold UP $6.30
Canadian $ Down 9 tick @ .6729
VIX UP .37% @ 18.94
Portfolio BZUN ESTC FB IQ SQ TWTR
Most stocks are down...
@ 2.16 PM following are green :
UAL KORS AEM NIU SPLK GG CIEN EAF
OLED PANW RIG LNG LVS GS ORCL
KBH IBM M CNX...
BLOG does NOT give buy or sell.
Saleem
Monday, January 28, 2019
Indices closed down .78% to 1.11%....
Indices closed down.
S&P 500 @ 2643.85, low 2624.06, high 2644.97
RSI @ 56.21
CMF @ 0.344
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.43 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 22 in NYSE & 3 in Nasdaq
VIX UP 8.32% @ 18.87
Oil @ $51.99
Gold @ $1303.10
AH news....SANM UP 21.83%, AKS UP 5.19%
EGHT Down 9.26%, RMBS Down 7.6%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under selling pressure but recovered half of its loss and closed @ high of the day. Slowdown in China has impacted INTC NVDA CAT so far and more to come. Trade talk has taken another setback with HUAWEI being charged for fraud and extradition of CFO from Canada being pursued. These two backdrop causing futures to be negative.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2643.85, low 2624.06, high 2644.97
RSI @ 56.21
CMF @ 0.344
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.43 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 22 in NYSE & 3 in Nasdaq
VIX UP 8.32% @ 18.87
Oil @ $51.99
Gold @ $1303.10
AH news....SANM UP 21.83%, AKS UP 5.19%
EGHT Down 9.26%, RMBS Down 7.6%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under selling pressure but recovered half of its loss and closed @ high of the day. Slowdown in China has impacted INTC NVDA CAT so far and more to come. Trade talk has taken another setback with HUAWEI being charged for fraud and extradition of CFO from Canada being pursued. These two backdrop causing futures to be negative.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.09% to 1.36%.....
Indices are down on poor earning report from CAT and warning from NVDA.
S&P 500 @ 2635.75, low 2624.06, high 2644.97
Internals are negative by 2 to 1 average
Oil Down $1.74
Gold UP $4.00
Canadian $ Down 39 tick @ .6744
VIX UP 12.00% @ 19.51...high today 20.42
Portfolio BZUN ESTC FB IQ SQ TWTR
Most stocks are down
@ 2.20 PM following are green :
ESTC BIDU WB UAL MTCH AAL PHM KORS
AEM FSLR CRON CGC TLRY CRUS CSIQ
EXPE JKS LNG OSTK KBH M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2635.75, low 2624.06, high 2644.97
Internals are negative by 2 to 1 average
Oil Down $1.74
Gold UP $4.00
Canadian $ Down 39 tick @ .6744
VIX UP 12.00% @ 19.51...high today 20.42
Portfolio BZUN ESTC FB IQ SQ TWTR
Most stocks are down
@ 2.20 PM following are green :
ESTC BIDU WB UAL MTCH AAL PHM KORS
AEM FSLR CRON CGC TLRY CRUS CSIQ
EXPE JKS LNG OSTK KBH M.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 27, 2019
Time to book profit.......
Indices have been on a roll for the last 21 trading days, here is the stat for last 21 trading days :
S&P 500 UP 13.56%
DOW UP 13.99%
Nasdaq UP 15.75%
In a normal year for indices average gains are 8%, based on historical average, we have almost doubled gains so far.
Here is another look @ RSI :
S&P 500 59.92
Nasdaq 59.93
DOW 60.42
Based on history, high 60's always result in pullbacks, but more often pullbacks can start @ low 60's also, as has been the case in recent months.
The question is why did we rally so strongly ?
First, we were deeply oversold based on RSI in 20+ & 20% + slump in indices.
Fed was hawkish
Now the above 2 have reversed, we are getting overbought and Fed is dovish.
Shutdown is over for 3 weeks and may get messy again...
Trade talk resumes in DC but China & US are miles apart.....
SO...all the euphoria about Fed being dovish is already factored in the market...
On a technical basis resistance is about 2% to 3% above where we are as of Friday.
Based on all of the above analysis, It is extremely critical to book profit and reduce exposure...fighting for last $$$ or last 5% is never a profitable strategy.....
Good luck with your own interpretation of this TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 UP 13.56%
DOW UP 13.99%
Nasdaq UP 15.75%
In a normal year for indices average gains are 8%, based on historical average, we have almost doubled gains so far.
Here is another look @ RSI :
S&P 500 59.92
Nasdaq 59.93
DOW 60.42
Based on history, high 60's always result in pullbacks, but more often pullbacks can start @ low 60's also, as has been the case in recent months.
The question is why did we rally so strongly ?
First, we were deeply oversold based on RSI in 20+ & 20% + slump in indices.
Fed was hawkish
Now the above 2 have reversed, we are getting overbought and Fed is dovish.
Shutdown is over for 3 weeks and may get messy again...
Trade talk resumes in DC but China & US are miles apart.....
SO...all the euphoria about Fed being dovish is already factored in the market...
On a technical basis resistance is about 2% to 3% above where we are as of Friday.
Based on all of the above analysis, It is extremely critical to book profit and reduce exposure...fighting for last $$$ or last 5% is never a profitable strategy.....
Good luck with your own interpretation of this TAPE.
BLOG does NOT give buy or sell.
Saleem
Friday, January 25, 2019
Indices closed UP .75% to 1.29%....NICE !!!!
Indices closed UP on agreement to open US government offices, this was a relief to market. China US trade talk resumes coming week, expect positive reaction initially but stalemate may continue for final deal for few months.
S&P 500 @ 2664.76, high 2672.38, low 2657.33
RSI @ 59.92
CMF @ 0.352
Internals were :
UP volume led by 3.63 to 1 in NYSE & 3.62 to 1 in Nasdaq
Advancing stocks led by 3.41 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 57 in NYSE & 20 in Nasdaq
VIX Down 7.78% @ 17.42
Oil @ $53.69
Gold @ $1304.20
Canadian $ @ .6737
In my portfolio :
Bought BZUN in pre market @ $33.55
Bought FB @ $149.30
Sold AMD @ $21.55
Stocks which were UP 4% or more included BZUN IQ SQ TWTR
AMD HUYA MOMO MU WB CGC JKS SINA X M....
Here is my portfolio weighting :
FB 37.90%
ESTC 17.50%
SQ 17.30%
TWTR 11.50%
BZUN 8.80%
IQ 7.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2664.76, high 2672.38, low 2657.33
RSI @ 59.92
CMF @ 0.352
Internals were :
UP volume led by 3.63 to 1 in NYSE & 3.62 to 1 in Nasdaq
Advancing stocks led by 3.41 to 1 in NYSE & 2.56 to 1 in Nasdaq
Net new 52 wk highs were leading by 57 in NYSE & 20 in Nasdaq
VIX Down 7.78% @ 17.42
Oil @ $53.69
Gold @ $1304.20
Canadian $ @ .6737
In my portfolio :
Bought BZUN in pre market @ $33.55
Bought FB @ $149.30
Sold AMD @ $21.55
Stocks which were UP 4% or more included BZUN IQ SQ TWTR
AMD HUYA MOMO MU WB CGC JKS SINA X M....
Here is my portfolio weighting :
FB 37.90%
ESTC 17.50%
SQ 17.30%
TWTR 11.50%
BZUN 8.80%
IQ 7.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 24, 2019
Indices closed mixed.....
Indices closed closed mixed.
S&P 500 @ 2642.33, high 2647.20, low 2627.01
RSI @ 57.10
CMF @ 0.407
Internals were :
UP volume led by 1.86 to 1 in NYSE & 1.82 to 1 in Nasdaq
Advancing stocks led by 2.15 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk high were leading by 18 in NYSE & lows by 3 in Nasdaq
VIX Down 3.23% @ 18.89
Oil @ $53.13
Gold @ $1285.90
Stocks which were UP 3% or more included AMD IQ SQ
NVDA MOMO MU WB ROKU VICR TLRY AMAT
CIEN LRCX YY RIG FSLR MLNX OSTK...
AH news...INTC Down 6.83%, LLNW UP 5.51%
WDC UP 9.24%
AH Futures UP
AH Asian Markets UP
Oil & Gold UP
About market, TAPE closed near high of the day, semiconductor stocks jumped to its highest level since October slump. DOW lagged and closed red. After hour INTC is guiding lower which may be short lived. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2642.33, high 2647.20, low 2627.01
RSI @ 57.10
CMF @ 0.407
Internals were :
UP volume led by 1.86 to 1 in NYSE & 1.82 to 1 in Nasdaq
Advancing stocks led by 2.15 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk high were leading by 18 in NYSE & lows by 3 in Nasdaq
VIX Down 3.23% @ 18.89
Oil @ $53.13
Gold @ $1285.90
Stocks which were UP 3% or more included AMD IQ SQ
NVDA MOMO MU WB ROKU VICR TLRY AMAT
CIEN LRCX YY RIG FSLR MLNX OSTK...
AH news...INTC Down 6.83%, LLNW UP 5.51%
WDC UP 9.24%
AH Futures UP
AH Asian Markets UP
Oil & Gold UP
About market, TAPE closed near high of the day, semiconductor stocks jumped to its highest level since October slump. DOW lagged and closed red. After hour INTC is guiding lower which may be short lived. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices mixed as stalemate continues on shutdown and trade with China.
S&P 500 @ 2633.71, low 2627.01, high 2647.20
Internals are positive
Oil UP 61 cents
Gold Down $5.20
Canadian $ Down 14 tick @ .6648
VIX UP .20% @ 19.26
AMD ESTC IQ SQ TWTR
Most stocks are UP
@ 2.12 PM following stocks are down :
BIDU LULU AAPL GG PRNB EAF FFIV GOOG
LVS ORCL SINA MSFT NKE IBM M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2633.71, low 2627.01, high 2647.20
Internals are positive
Oil UP 61 cents
Gold Down $5.20
Canadian $ Down 14 tick @ .6648
VIX UP .20% @ 19.26
AMD ESTC IQ SQ TWTR
Most stocks are UP
@ 2.12 PM following stocks are down :
BIDU LULU AAPL GG PRNB EAF FFIV GOOG
LVS ORCL SINA MSFT NKE IBM M.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 23, 2019
Indices closed UP .08% to .70%...NICE !!!!
Indices closed UP.
S&P 500 @ 2543.36, high 2653.19, low 2612.86
RSI @ 56.64
CMF @ 0.351
Internals were :
Down volume led by 1.07 to 1 in NYSE & 1.06 to 1 in Nasdaq
Declining stocks led by .95 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk high were leading by 1 in NYSE & lows by 26 in Nasdaq
VIX Down 6.15% @ 19.52
Oil @ $52.62
Gold @ $1284.00
AH news....XLNX UP 8.93%, LRCX UP 5.15%
CTXS Down 5.65%, LVS Down 3.37%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is waiting for positive news on US shutdown & trade resolution, they both are stuck in stalemate. Market needs catalyst and seems to be on hold for now. Despite all of the negative TAPE closed in green, which is surprising. Keep an eye on your portfolio strength or weakness and act accordingly.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2543.36, high 2653.19, low 2612.86
RSI @ 56.64
CMF @ 0.351
Internals were :
Down volume led by 1.07 to 1 in NYSE & 1.06 to 1 in Nasdaq
Declining stocks led by .95 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk high were leading by 1 in NYSE & lows by 26 in Nasdaq
VIX Down 6.15% @ 19.52
Oil @ $52.62
Gold @ $1284.00
AH news....XLNX UP 8.93%, LRCX UP 5.15%
CTXS Down 5.65%, LVS Down 3.37%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is waiting for positive news on US shutdown & trade resolution, they both are stuck in stalemate. Market needs catalyst and seems to be on hold for now. Despite all of the negative TAPE closed in green, which is surprising. Keep an eye on your portfolio strength or weakness and act accordingly.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after being UP @ open. Trade tension between China & US plus ongoing shutdown taking a toll in investors psyche.
S&P 500 @ 2634.52, high 2653.19, low 2612.86
Internals are negative
Oil Down 75 cents
Gold Down 60 cents
Canadian $ UP 3 tick @ .6651
VIX Down 2.74% @ 20.23
Portfolio AMD ESTC IQ SQ TWTR
Most stocks are down
@ 2.12 PM following are UP by 1% or more :
ESTC IQ SQ MTCH FEYE KORS VICR JKS
FFIV PANW WYNN KBH IBM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2634.52, high 2653.19, low 2612.86
Internals are negative
Oil Down 75 cents
Gold Down 60 cents
Canadian $ UP 3 tick @ .6651
VIX Down 2.74% @ 20.23
Portfolio AMD ESTC IQ SQ TWTR
Most stocks are down
@ 2.12 PM following are UP by 1% or more :
ESTC IQ SQ MTCH FEYE KORS VICR JKS
FFIV PANW WYNN KBH IBM .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 22, 2019
Indices closed down 1.22% to 1.91%.....
Indices closed down.
S&P 500 @ 2632.90, low 2617.27, high 2657.88
RSI @ 55.94
CMF @ 0.237
Internals were :
Down volume led by 5.48 to 1 in NYSE & 3.56 to 1 in Nasdaq
Declining Stocks led by 3.16 to 1 in NYSE & 3.15 to 1 in Nasdaq
Net new 52 wk lows were leading by 9 in NYSE & 11 in Nasdaq
VIX UP 16.85% @ 20.80
Oil @ $52.27
Gold @ $1283.40
AH news....IBM UP 6.39%, ARAY UP 7.81%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE closed lower and never saw green whole day. Considering all the bad news from slowing China to entire world economies, I will say, it could have been lot worse. Today's selling takes care of overbought condition / profit taking. @ close DOW, S&P 500 & Nasdaq all above 50 DMA which is very good news technically speaking. Many stocks took a beating which means much desirable entry point.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2632.90, low 2617.27, high 2657.88
RSI @ 55.94
CMF @ 0.237
Internals were :
Down volume led by 5.48 to 1 in NYSE & 3.56 to 1 in Nasdaq
Declining Stocks led by 3.16 to 1 in NYSE & 3.15 to 1 in Nasdaq
Net new 52 wk lows were leading by 9 in NYSE & 11 in Nasdaq
VIX UP 16.85% @ 20.80
Oil @ $52.27
Gold @ $1283.40
AH news....IBM UP 6.39%, ARAY UP 7.81%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE closed lower and never saw green whole day. Considering all the bad news from slowing China to entire world economies, I will say, it could have been lot worse. Today's selling takes care of overbought condition / profit taking. @ close DOW, S&P 500 & Nasdaq all above 50 DMA which is very good news technically speaking. Many stocks took a beating which means much desirable entry point.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.55% to 1.93%.....
Indices are lower on many news, China growth slowest in 28 years, World economic growth projection lowered and trade talk between US & China hits a wall again.
S&P 500 @ 2629.76, low 2623.30, high 2657.88
Internals are negative from 3 to 1 to almost 6 to 1
Oil Down $1.24
Gold UP $1.30
Canadian $ Down 47 tick @ .6663
VIX UP 12.36% @ 20.00
In my portfolio :
Sold WB @ $55.35
Added 75% ESTC @ $73.70
Portfolio AMD ESTC IQ SQ TWTR
Most stocks are down
@ 2.23 PM following are green :
MTCH AEM GG CRON CGC MCD NKE CMG
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2629.76, low 2623.30, high 2657.88
Internals are negative from 3 to 1 to almost 6 to 1
Oil Down $1.24
Gold UP $1.30
Canadian $ Down 47 tick @ .6663
VIX UP 12.36% @ 20.00
In my portfolio :
Sold WB @ $55.35
Added 75% ESTC @ $73.70
Portfolio AMD ESTC IQ SQ TWTR
Most stocks are down
@ 2.23 PM following are green :
MTCH AEM GG CRON CGC MCD NKE CMG
BLOG does NOT give buy or sell.
Saleem
Monday, January 21, 2019
IS 200 DMA going to be resistance ?
Most technicians are worried about 200 DMA resistance for DOW, S&P 500 & Nasdaq...
Before we look @ that, we need to understand how those indices have fared so far, here are the numbers :
S&P 500 UP 324 points or UP 13.81%
DOW UP 3006 points or UP 13.85%
Nasdaq UP 967 points or UP 15.62%
For the record all of the above gains happened in last 17 trading days....
How would you rate this almost 1% gains per trading day average, this is definitely not a norm BUT when we have been going down for almost 3 months or down 20% + on average and stocks losing almost 50% on average, an snap back of this magnitude is not out of line.
On top of technical factors of being deeply oversold plus new allocation for 2019, this can be justified easily.
Going above 200 DMA is not issue, but when is more of a relevant question.
My take is 200 DMA may bring profit taking and may push averages below 200 DMA.....
BUT 200 DMA is not a significant resistance which cannot be overtaken in short order.
Many many stocks are barely above their lows in this sharp rally, so lot of room to play rotation.
Booking profit and moving into laggards may be right strategy.
Making money in this type of sharp snap back only requires exposure in market, all boats are being lifted not equally but definitely moving UP.
Finding strong stocks in this rotation may be frustrating as some stocks rest while laggards move up sharply.
Keep an eye on your picks IF you are trading even for daytrading or swing trading.
For long term investors, pick good sector and leaders in that sector, ETF may be a very good strategy takes stock picking out of picture, they mimic or outperform their sector, Fidelity, Vanguard are 2 good choices.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Before we look @ that, we need to understand how those indices have fared so far, here are the numbers :
S&P 500 UP 324 points or UP 13.81%
DOW UP 3006 points or UP 13.85%
Nasdaq UP 967 points or UP 15.62%
For the record all of the above gains happened in last 17 trading days....
How would you rate this almost 1% gains per trading day average, this is definitely not a norm BUT when we have been going down for almost 3 months or down 20% + on average and stocks losing almost 50% on average, an snap back of this magnitude is not out of line.
On top of technical factors of being deeply oversold plus new allocation for 2019, this can be justified easily.
Going above 200 DMA is not issue, but when is more of a relevant question.
My take is 200 DMA may bring profit taking and may push averages below 200 DMA.....
BUT 200 DMA is not a significant resistance which cannot be overtaken in short order.
Many many stocks are barely above their lows in this sharp rally, so lot of room to play rotation.
Booking profit and moving into laggards may be right strategy.
Making money in this type of sharp snap back only requires exposure in market, all boats are being lifted not equally but definitely moving UP.
Finding strong stocks in this rotation may be frustrating as some stocks rest while laggards move up sharply.
Keep an eye on your picks IF you are trading even for daytrading or swing trading.
For long term investors, pick good sector and leaders in that sector, ETF may be a very good strategy takes stock picking out of picture, they mimic or outperform their sector, Fidelity, Vanguard are 2 good choices.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, January 18, 2019
Indices closed UP 1.03% to 1.38%....NICE !!!!
Indices closed UP on trade progress being made between US & CHINA.
S&P 500 @ 2670.71, high 2675.47, low 2647.58
RSI @ 61.98
CMF @ 0.226
Internals were :
UP volume led by 5.27 to 1 in NYSE & 2.55 to 1 in Nasdaq
Advancing stocks led by 2.93 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 22 in NYSE & 9 in Nasdaq
VIX Down 1.44% @ 17.80
Oil @ $53.80
Gold @ $1282.60
Canadian $ @ .6753
Stocks which were UP 4% or more included IQ SQ WB MOMO
MU BZUN LULU SINA OSTK M LRCX ALDR TK.....
Here is my portfolio weighting:
AMD 35.00%
WB 18.50%
SQ 17.10%
TWTR 12.40%
ESTC 10.10%
IQ 6.90%
Next post by 6 PM on Monday, US markets are closed Monday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2670.71, high 2675.47, low 2647.58
RSI @ 61.98
CMF @ 0.226
Internals were :
UP volume led by 5.27 to 1 in NYSE & 2.55 to 1 in Nasdaq
Advancing stocks led by 2.93 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 22 in NYSE & 9 in Nasdaq
VIX Down 1.44% @ 17.80
Oil @ $53.80
Gold @ $1282.60
Canadian $ @ .6753
Stocks which were UP 4% or more included IQ SQ WB MOMO
MU BZUN LULU SINA OSTK M LRCX ALDR TK.....
Here is my portfolio weighting:
AMD 35.00%
WB 18.50%
SQ 17.10%
TWTR 12.40%
ESTC 10.10%
IQ 6.90%
Next post by 6 PM on Monday, US markets are closed Monday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 17, 2019
Indices closed UP .67% to .76%....NICE !!!!
Indices closed UP.
S&P 500 @ 2635.96, high 2645.06, low 2606.36
RSI @ 58.12
CMF @ 0.149
Internals were :
UP volume led by 2.73 to 1 in NYSE & 3.10 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 10 in NYSE & 2 in Nasdaq
VIX Down 5.15% @ 18.06
Oil @ $52.07
Gold @ $1292.30
Stocks which were UP 2% or more included AMD IQ MOMO SQ
HUYA ROKU LULU VICR FSLR AMAT LRCX NTNX ALDR
WYNN X.....
AH news...NFLX Down 3.82%, PRGS Down 11.23%
CASA Down 24.25%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE continued its bullish run resulting in DOW & S&P 500 closing above 50 DMA, now all major indices are above 50 DMA on a closing basis, while we will celebrate this landmark after major slump, S&P 500 will be hitting mini overbought condition along with Nasdaq when RSI goes above 60, so be careful from hereon. RUT is already above 60.63 as of tonight closing. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2635.96, high 2645.06, low 2606.36
RSI @ 58.12
CMF @ 0.149
Internals were :
UP volume led by 2.73 to 1 in NYSE & 3.10 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 10 in NYSE & 2 in Nasdaq
VIX Down 5.15% @ 18.06
Oil @ $52.07
Gold @ $1292.30
Stocks which were UP 2% or more included AMD IQ MOMO SQ
HUYA ROKU LULU VICR FSLR AMAT LRCX NTNX ALDR
WYNN X.....
AH news...NFLX Down 3.82%, PRGS Down 11.23%
CASA Down 24.25%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE continued its bullish run resulting in DOW & S&P 500 closing above 50 DMA, now all major indices are above 50 DMA on a closing basis, while we will celebrate this landmark after major slump, S&P 500 will be hitting mini overbought condition along with Nasdaq when RSI goes above 60, so be careful from hereon. RUT is already above 60.63 as of tonight closing. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .04% to .41%...NICE !!!!
Indices are green after being red from open. Shutdown looms large and China bitterness playing a role. Despite all this we are @ high of the day, shows new year allocation on any weakness.
S&P 500 @ 2624.58, high 2625.50, low 2606.36
Internals are positive by 2 to 1 average...
Oil Down 38 cents
Gold Down $1.60
Canadian $ Down 44 tick
VIX Down 4.36% @ 18.21
Portfolio AMD IQ MOMO NVDA SQ WB
Most stocks are UP
@ 2.05 PM following are red :
BIDU MU UAL PHM AAPL TLRY PRNB BABA
FFIV GOOG MRVL TK LNG LVS MLNX MGA
MS SINA OSTK ULTA SWKS V MU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2624.58, high 2625.50, low 2606.36
Internals are positive by 2 to 1 average...
Oil Down 38 cents
Gold Down $1.60
Canadian $ Down 44 tick
VIX Down 4.36% @ 18.21
Portfolio AMD IQ MOMO NVDA SQ WB
Most stocks are UP
@ 2.05 PM following are red :
BIDU MU UAL PHM AAPL TLRY PRNB BABA
FFIV GOOG MRVL TK LNG LVS MLNX MGA
MS SINA OSTK ULTA SWKS V MU.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 16, 2019
Indices closed UP .15% to .59%....NICE !!!!
Indices closed UP.
S&P 500 @ 2616.10, high 2625.76, low 2612.68
RSI @ 55.74
CMF @ 0.113
Internals were:
UP volume led by 1.68 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.79 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 15 in Nasdaq
VIX UP 2.37% @ 19.04
Oil @ $52.31
Gold @ $1293.80
Stocks which were UP 1% or more included IQ MOMO WB
BIDU UAL BZUN SHOP AAL KORS AAPL VICR CGC
TLRY PRNB BABA YY ALDR WYNN YELP SINA
MS ULTA X CNX.....
AH news...ALDR UP 21.89%, CARS UP 7.73%
AH futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP but off their highs, S&P 500 and DOW still below 50 DMA. Market is waiting for movement on resolution of issues like shutdown and next meeting date of US & China trade talk, market may have to give a strong message to Washington to resolve or else economy will be impacted in a big way, much more than $5 billion issue.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2616.10, high 2625.76, low 2612.68
RSI @ 55.74
CMF @ 0.113
Internals were:
UP volume led by 1.68 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.79 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 15 in Nasdaq
VIX UP 2.37% @ 19.04
Oil @ $52.31
Gold @ $1293.80
Stocks which were UP 1% or more included IQ MOMO WB
BIDU UAL BZUN SHOP AAL KORS AAPL VICR CGC
TLRY PRNB BABA YY ALDR WYNN YELP SINA
MS ULTA X CNX.....
AH news...ALDR UP 21.89%, CARS UP 7.73%
AH futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP but off their highs, S&P 500 and DOW still below 50 DMA. Market is waiting for movement on resolution of issues like shutdown and next meeting date of US & China trade talk, market may have to give a strong message to Washington to resolve or else economy will be impacted in a big way, much more than $5 billion issue.
BLOG does NOT give buy or sell.
Saleem
Indices UP .29% to .68%....NICE !!!!
Indices are green despite no resolution on any issues, Bank earnings are the catalyst today.
S&P 500 @ 2620.68, high 2623.80, low 2612.68
Internals are positive
Oil Down 25 cents
Gold UP $4.50
Canadian $ UP 13 tick @ .6750
VIX Down 1.08% @ 18.40
In my portfolio :
Bought AMD @ $20.46
Sold FEYE @ $16.30
Portfolio AMD IQ MOMO NVDA SQ WB
Most stocks are UP
@ 1.58 PM following are red :
AMD MU ESTC FEYE ROKU PHM SPLK
FFIV TWTR LNG MLNX OSTK SU M...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2620.68, high 2623.80, low 2612.68
Internals are positive
Oil Down 25 cents
Gold UP $4.50
Canadian $ UP 13 tick @ .6750
VIX Down 1.08% @ 18.40
In my portfolio :
Bought AMD @ $20.46
Sold FEYE @ $16.30
Portfolio AMD IQ MOMO NVDA SQ WB
Most stocks are UP
@ 1.58 PM following are red :
AMD MU ESTC FEYE ROKU PHM SPLK
FFIV TWTR LNG MLNX OSTK SU M...
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 15, 2019
Indices closed UP .65% to 1.71%....NICE !!!!
Indices closed UP.
S&P 500 @ 2610.30, high 2613.08, low 2585.10
RSI @ 55.05
CMF @ 0.102
Internals were :
UP volume led by 1.66 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 1.83 to 1 in NYSE & 2.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & 8 in Nasdaq
VIX Down 2.46% 18.60
Oil @ $51.97
Gold @ $1288.40
Stocks which were UP 1% or more included MOMO SQ
HUYA BIDU ESTC MTCH BZUN SHOP ROKU LULU
KORS AAPL SPLK FB AMZN CIEN GOOG NFLX
OLED PANW TSLA TWTR NTNX ALDR CHK
LVS OSTK SU MSFT NKE CMG.....
AH news...UAL UP 5.95%, JWN Down 3.3%
SNAP Down 6.86%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE finished near high of the day which is extremely positive, Brexit rejection had no impact as it was widely expected. Market has found its footing and is working its way above key technical levels, Nasdaq already closed above 50 DMA which is extremely bullish, S&P 500 and DOW are staring @ 50 DMA.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2610.30, high 2613.08, low 2585.10
RSI @ 55.05
CMF @ 0.102
Internals were :
UP volume led by 1.66 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 1.83 to 1 in NYSE & 2.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & 8 in Nasdaq
VIX Down 2.46% 18.60
Oil @ $51.97
Gold @ $1288.40
Stocks which were UP 1% or more included MOMO SQ
HUYA BIDU ESTC MTCH BZUN SHOP ROKU LULU
KORS AAPL SPLK FB AMZN CIEN GOOG NFLX
OLED PANW TSLA TWTR NTNX ALDR CHK
LVS OSTK SU MSFT NKE CMG.....
AH news...UAL UP 5.95%, JWN Down 3.3%
SNAP Down 6.86%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE finished near high of the day which is extremely positive, Brexit rejection had no impact as it was widely expected. Market has found its footing and is working its way above key technical levels, Nasdaq already closed above 50 DMA which is extremely bullish, S&P 500 and DOW are staring @ 50 DMA.
BLOG does NOT give buy or sell.
Saleem
Indices UP .54% to 1.63%...NICE !!!!
Indices are higher after some profit taking, all this despite no new positive development on any front, imagine IF we have resolution of any issues...then UP UP & away....
S&P 500 @ 2607.56, high 2613.08, low 2585.10
Internals are positive by almost 2 to 1 overall...
Oil UP $1.40
Gold Down $2.80
Canadian $ unchanged @ .6706
VIX Down 4.61% @ 18.91
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are UP
@ 2.04 PM following are red :
MU AEM VICR GG CRON TLRY PRNB AMAT
LRCX MRVL TK GS FNSR MGA V X M .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2607.56, high 2613.08, low 2585.10
Internals are positive by almost 2 to 1 overall...
Oil UP $1.40
Gold Down $2.80
Canadian $ unchanged @ .6706
VIX Down 4.61% @ 18.91
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are UP
@ 2.04 PM following are red :
MU AEM VICR GG CRON TLRY PRNB AMAT
LRCX MRVL TK GS FNSR MGA V X M .....
BLOG does NOT give buy or sell.
Saleem
Monday, January 14, 2019
Indices closed down .36% to .94%....
Indices closed down.
S&P 500 @ 2582.61, low 2570.41, high 2589.22
RSI @ 51.69
CMF @ 0.034
Internals were :
Down volume led by 1.36 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 5 in NYSE & highs by 2 in Nasdaq
VIX UP 4.84% @ 19.07
Oil @ $5051
Gold @ $1291.30
AH news...SSYS UP 11.83%, ARRY UP 8.38%
AH futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was marking time to see how shutdown ends and how earnings will fare, Chinese trade data was of no help, considering all that Close was not bad. Based on futures Tuesday may be much better. Technology stocks were weak as few downgrades took a toll like MU. Stay engaged for opportunistic trades.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2582.61, low 2570.41, high 2589.22
RSI @ 51.69
CMF @ 0.034
Internals were :
Down volume led by 1.36 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 5 in NYSE & highs by 2 in Nasdaq
VIX UP 4.84% @ 19.07
Oil @ $5051
Gold @ $1291.30
AH news...SSYS UP 11.83%, ARRY UP 8.38%
AH futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was marking time to see how shutdown ends and how earnings will fare, Chinese trade data was of no help, considering all that Close was not bad. Based on futures Tuesday may be much better. Technology stocks were weak as few downgrades took a toll like MU. Stay engaged for opportunistic trades.
BLOG does NOT give buy or sell.
Saleem
Indices down .31% to .63%.....
Indices are reacting to earnings anxiety, shutdown and economic data from China, In the end market behavior is extremely contained.
S&P 500 @ 2585.54, low 2570.41, high 2589.32
Internals are mostly negative
Oil Down 38 cents
Gold UP $2.20
Canadian $ Down 3 ticks @ .6733
VIX UP 3.57% @ 18.84
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are down
@ 2.08 PM following are green :
NVDA ROKU LULU KORS FB GG CRON
CGC TLRY JKS NTNX ALDR CHK RIG
CSIQ SPWR GS CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2585.54, low 2570.41, high 2589.32
Internals are mostly negative
Oil Down 38 cents
Gold UP $2.20
Canadian $ Down 3 ticks @ .6733
VIX UP 3.57% @ 18.84
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are down
@ 2.08 PM following are green :
NVDA ROKU LULU KORS FB GG CRON
CGC TLRY JKS NTNX ALDR CHK RIG
CSIQ SPWR GS CNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 13, 2019
SOX to lead markets higher.......
SOX is showing leadership in being the first sector to close above 50 DMA, a very good sign, in good old days, it was said, as Semis GO, So Goes the Stock market.....
Let us peek through RSI and see what it is telling us :
RUT 57.79
SOX 57.44
Nasdaq 54.98
S&P 500 53.52
DOW 52.72
As you can clearly see that RUT & SOX are the leaders.......
SOX above 50 DMA and RUT is ready to jump above
Nasdaq also ready to jump above 50 DMA
S&P 500 also ready to jump above 50 DMA
DOW is the laggard, in last rally DOW was the leader
With SOX, RUT & Nasdaq showing strength, what is not to like about this TAPE..
IF you look @ charts of many stocks, there are clear cut leaders and some are taking rest to jump ahead.....
Rotation is taking place on a daily basis, perfect environment to be a day trader or swing trader, those terms were out of our analysis for a long time...
Please look in SOX area to find leaders
Cloud also behaving well.
SO...it is the technology stocks all over again......
Please do your own due diligence and ensure your comfort level.
BLOG does NOT give buy or sell.
Saleem
Let us peek through RSI and see what it is telling us :
RUT 57.79
SOX 57.44
Nasdaq 54.98
S&P 500 53.52
DOW 52.72
As you can clearly see that RUT & SOX are the leaders.......
SOX above 50 DMA and RUT is ready to jump above
Nasdaq also ready to jump above 50 DMA
S&P 500 also ready to jump above 50 DMA
DOW is the laggard, in last rally DOW was the leader
With SOX, RUT & Nasdaq showing strength, what is not to like about this TAPE..
IF you look @ charts of many stocks, there are clear cut leaders and some are taking rest to jump ahead.....
Rotation is taking place on a daily basis, perfect environment to be a day trader or swing trader, those terms were out of our analysis for a long time...
Please look in SOX area to find leaders
Cloud also behaving well.
SO...it is the technology stocks all over again......
Please do your own due diligence and ensure your comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, January 11, 2019
Indices closed down .01% to .21%.....
Indices closed down as continued US shutdown is a negative for economy.
S&P 500 @ 2596.26, low 2577.40, high 2596.27
RSI @ 53.52
CMF @ 0.012
Internals were :
UP volume led by 1.45 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 13 in Nasdaq
VIX @ 18.19
Oil @ $51.70
Gold @ $1287.90
Canadian $ @ .6741
Stocks which closed green close included NVDA SQ
HUYA MU AMD KORS SPLK VICR CGC TLRY
CRUS MRVL NFLX OLED QRVO TSLA
SHOP WYNN ULTA SWKS....
Here is my portfolio allocation :
NVDA 48.20%
WB 16.70%
SQ 15.00%
MOMO 8.80%
IQ 6.40%
FEYE 4.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2596.26, low 2577.40, high 2596.27
RSI @ 53.52
CMF @ 0.012
Internals were :
UP volume led by 1.45 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 13 in Nasdaq
VIX @ 18.19
Oil @ $51.70
Gold @ $1287.90
Canadian $ @ .6741
Stocks which closed green close included NVDA SQ
HUYA MU AMD KORS SPLK VICR CGC TLRY
CRUS MRVL NFLX OLED QRVO TSLA
SHOP WYNN ULTA SWKS....
Here is my portfolio allocation :
NVDA 48.20%
WB 16.70%
SQ 15.00%
MOMO 8.80%
IQ 6.40%
FEYE 4.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 10, 2019
Indices closed UP .45% to .51%...NICE !!!!
Indices closed UP.
S&P 500 @ 2596.84, high 2597.82, low 2562.02
RSI @ 53.57
CMF @ -0.070
Internals were :
UP volume led by 1.35 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & 5 in Nasdaq
VIX Down 2.40% @ 19.50
Oil @ $52.59
Gold @ $1287.40
Stocks which were UP 1% or more included IQ NVDA
HUYA BIDU MU KORS VICR FSLR CGC AMAT
NFLX OLED PANW QRVO TSLA TWTR YY
ALDR MGA SWKS TSM CMG....
AH news...PVH UP 5.89%, ACOR UP 4.98%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE fought profit taking and closed @ high of the day, many stocks continue to make upward move to participate in improved sentiment and new year allocation. Fed Chief Powell continue to make supportive statement to bolster stocks. Looks like there is tremendous buying power left to boost this TAPE. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2596.84, high 2597.82, low 2562.02
RSI @ 53.57
CMF @ -0.070
Internals were :
UP volume led by 1.35 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & 5 in Nasdaq
VIX Down 2.40% @ 19.50
Oil @ $52.59
Gold @ $1287.40
Stocks which were UP 1% or more included IQ NVDA
HUYA BIDU MU KORS VICR FSLR CGC AMAT
NFLX OLED PANW QRVO TSLA TWTR YY
ALDR MGA SWKS TSM CMG....
AH news...PVH UP 5.89%, ACOR UP 4.98%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE fought profit taking and closed @ high of the day, many stocks continue to make upward move to participate in improved sentiment and new year allocation. Fed Chief Powell continue to make supportive statement to bolster stocks. Looks like there is tremendous buying power left to boost this TAPE. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)