Huawei being allowed to do business with US companies is a very big deal for a major thaw in tense trade relations between US & China.
I expect Chinese stocks, Semiconductor stocks, Network stocks and Fiber Optics stocks to take off.
We have a very good chance to make new all time highs in major indices.
Trade talks have restarted between US & Chinese delegation.
No new imposition of duties against Chinese imports into US.
All of the above is exactly opposite of what traders were expecting, thus a positive surprise for Market.
World economic order is extremely dependent on US & China acting like adults and not indulge in tit for tat import duties.
It is nice to see Financial stocks are behaving well, they have missed the party since lows of 2009....a long 10 years base building....
Gold has been a star thanks to world Central banks easing of interest rates....$1900 per oz may be a possibility again.....
US$ may be the laggard currency going forward due to easing of fed funds rates.....
All in all we are looking @ a very bullish start of July after best June in many decades.....do not fight the tape is a good mantra to live by.....
Good luck with your own analysis and strategy, IF short this market.....please cover ASAP....
BLOG does NOT give buy or sell.
Saleem
Sunday, June 30, 2019
Friday, June 28, 2019
Indices closed UP .28% to .58%....NICE !!!!
Indices closed near high of the day on high expectations of progress in trade negotiations between US & China.
S&P 500 @ 2941.76, high 2943.98, low 2929.05
RSI @ 62.37
CMF @ -0.009
Internals were :
UP Volume led by 3.56 to 1 in NYSE & 2.36 to 1 in Nasdaq
Advancing stocks led by 2.83 to 1 in NYSE & 2.66 to 1 in Nasdaq
Net new 52 wk highs were leading by 188 in NYSE & 45 in Nasdaq
VIX Down 4.68% @ 15.08
Oil @ $58.47
Gold @ $1413.70
Canadian $ @ .6904
Stocks which were UP 1% or more included IQ SQ
MU FB BIDU AAL SPLK VICR EXPE NYNX
ALDR CHK TK RIG SPWR GS FNSR MA
OSTK KBH CMG V X.....
Here is my portfolio weighting :
AMD 19.40%
TSLA 19.00%
SQ 18.50%
TWTR 14.90%
BZUN 10.60%
CIEN 8.8%
IQ 8.8%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2941.76, high 2943.98, low 2929.05
RSI @ 62.37
CMF @ -0.009
Internals were :
UP Volume led by 3.56 to 1 in NYSE & 2.36 to 1 in Nasdaq
Advancing stocks led by 2.83 to 1 in NYSE & 2.66 to 1 in Nasdaq
Net new 52 wk highs were leading by 188 in NYSE & 45 in Nasdaq
VIX Down 4.68% @ 15.08
Oil @ $58.47
Gold @ $1413.70
Canadian $ @ .6904
Stocks which were UP 1% or more included IQ SQ
MU FB BIDU AAL SPLK VICR EXPE NYNX
ALDR CHK TK RIG SPWR GS FNSR MA
OSTK KBH CMG V X.....
Here is my portfolio weighting :
AMD 19.40%
TSLA 19.00%
SQ 18.50%
TWTR 14.90%
BZUN 10.60%
CIEN 8.8%
IQ 8.8%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, June 27, 2019
Indices closed mixed......
Indices closed mixed.
S&P 500 2 2924.92, high 2929.30, low 2918.57
RSI @ 59.13
CMF @ -0.103
Internals were :
UP volume led by 2.29 to 1 in NYSE & 3.39 to 1 in Nasdaq
Advancing stocks led by 2.5 to 1 in NYSE & 2.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & lows by 18 in Nasdaq
VIX Down 2.41% @ 15.82
Oil @ $59.43
Gold @ $1412.00
Stocks which were UP 2% or more included AMD BZUN IQ
HUYA MU LRCX SHOP MOMO WB SPLK FSLR CGC
AMAT CRUS CSIQ JKS NFLX OLED PANW QRVO
NTNX ALDR TK YELP SPWR WYNN TRIP KBH
SINA.....
AH news...CAMP UP 23.56%, JBLU UP 4.43%
SGH Down 13.48%, LPG Down 5.64%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong and closed near high of the day, there is lot of optimism for meeting between China & US to wrap up trade deal in short order, any disappointment will throw this market in a freefall. Watch the news and Twitter closely. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 2 2924.92, high 2929.30, low 2918.57
RSI @ 59.13
CMF @ -0.103
Internals were :
UP volume led by 2.29 to 1 in NYSE & 3.39 to 1 in Nasdaq
Advancing stocks led by 2.5 to 1 in NYSE & 2.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 102 in NYSE & lows by 18 in Nasdaq
VIX Down 2.41% @ 15.82
Oil @ $59.43
Gold @ $1412.00
Stocks which were UP 2% or more included AMD BZUN IQ
HUYA MU LRCX SHOP MOMO WB SPLK FSLR CGC
AMAT CRUS CSIQ JKS NFLX OLED PANW QRVO
NTNX ALDR TK YELP SPWR WYNN TRIP KBH
SINA.....
AH news...CAMP UP 23.56%, JBLU UP 4.43%
SGH Down 13.48%, LPG Down 5.64%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong and closed near high of the day, there is lot of optimism for meeting between China & US to wrap up trade deal in short order, any disappointment will throw this market in a freefall. Watch the news and Twitter closely. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .25% to .75%...NICE!!!!
Indices are UP on optimism about trade deal between US & China.Indices are near high of the day.
S&P 500 @ 2927.97, high 2929.19, low 2918.57
Internals are positive by 2 to 1
Oil UP 7 cents
Gold Down $4.80
Canadian $ UP 23 tick @ .6898
VIX Down 1.91% @ 15.90
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 2.07 PM following are down :
TWTR NIU TLRY PRNB YY CHK RIG
LNG MA OSTK SU ULTA CMG V X
M CNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2927.97, high 2929.19, low 2918.57
Internals are positive by 2 to 1
Oil UP 7 cents
Gold Down $4.80
Canadian $ UP 23 tick @ .6898
VIX Down 1.91% @ 15.90
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 2.07 PM following are down :
TWTR NIU TLRY PRNB YY CHK RIG
LNG MA OSTK SU ULTA CMG V X
M CNX....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 26, 2019
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2913.78, low 2912.99, high 2932.59
RSI @ 56.85
CMF @ -0.106
Internals were :
UP volume led by 1.17 to 1 in NYSE & 1.48 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 32 in NYSE & lows by 58 in Nasdaq
VIX Down .43% @ 16.21
Oil @ $59.38
Gold @ $1415.40
AH news....FLEX Down 4.95%, PIR Down 19.02%
KBH UP 5.4%, HTZ UP 9.31%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE opened @ high of the day and closed near low of the day, high open was triggered by Secretary of Treasury statement that 90% trade issues with China is agreed on,for other 10% there is a path to follow. G 20 meeting this weekend is also making everyone nervous about the outcome of meeting between China & US leaders. Internals were mostly positive.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2913.78, low 2912.99, high 2932.59
RSI @ 56.85
CMF @ -0.106
Internals were :
UP volume led by 1.17 to 1 in NYSE & 1.48 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & .97 to 1 in Nasdaq
Net new 52 wk highs were leading by 32 in NYSE & lows by 58 in Nasdaq
VIX Down .43% @ 16.21
Oil @ $59.38
Gold @ $1415.40
AH news....FLEX Down 4.95%, PIR Down 19.02%
KBH UP 5.4%, HTZ UP 9.31%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE opened @ high of the day and closed near low of the day, high open was triggered by Secretary of Treasury statement that 90% trade issues with China is agreed on,for other 10% there is a path to follow. G 20 meeting this weekend is also making everyone nervous about the outcome of meeting between China & US leaders. Internals were mostly positive.
BLOG does NOT give buy or sell.
Saleem
Indices UP .18% to .58%....NICE !!!!
Indices are higher on renewed optimism about China US trade deal.
S&P 500 @ 2922.21, high 2932.59, low 2919.65
Internals are positive by 3 to 1
Oil UP $1.61
Gold Down $4.60
Canadian $ UP 53 tick @ .6886
VIX Down .31% @ 16.23
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 1.27 PM following are down :
FB MTCH PHM PRNB CIEN EXPE GOOG
ESTC MCD TRIP KBH CMG .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2922.21, high 2932.59, low 2919.65
Internals are positive by 3 to 1
Oil UP $1.61
Gold Down $4.60
Canadian $ UP 53 tick @ .6886
VIX Down .31% @ 16.23
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 1.27 PM following are down :
FB MTCH PHM PRNB CIEN EXPE GOOG
ESTC MCD TRIP KBH CMG .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 25, 2019
Indices closed down .67% to 1.51%......
Indices closed down,
S&P 500 @ 2917.38, low 2916.01, high 2946.52
RSI @ 57.81
CMF @ -0.042
Internals were :
Down volume led by 2.78 to 1 in NYSE & 2.15 to 1 in Nasdaq
Declining stocks led by 2.01 to 1 in NYSE & 1.77 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & lows by 54 in Nasdaq
VIX UP 6.68% @ 16.28
Oil @ $57.83
Gold @ $1418.70
AH news....MU UP 8.63%, TER UP 5.39%
RUN Down 6.12%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE ran into pessimism after Fed chief toned down expectations about interest rate cuts by saying it cannot be politically driven. There is lot of apprehension about weekend G 20 meeting between China & US head of state. This weekend also will see resumption of trade negotiations between US & China. All in all lot of issues for market to handle, market hates uncertainty.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2917.38, low 2916.01, high 2946.52
RSI @ 57.81
CMF @ -0.042
Internals were :
Down volume led by 2.78 to 1 in NYSE & 2.15 to 1 in Nasdaq
Declining stocks led by 2.01 to 1 in NYSE & 1.77 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & lows by 54 in Nasdaq
VIX UP 6.68% @ 16.28
Oil @ $57.83
Gold @ $1418.70
AH news....MU UP 8.63%, TER UP 5.39%
RUN Down 6.12%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE ran into pessimism after Fed chief toned down expectations about interest rate cuts by saying it cannot be politically driven. There is lot of apprehension about weekend G 20 meeting between China & US head of state. This weekend also will see resumption of trade negotiations between US & China. All in all lot of issues for market to handle, market hates uncertainty.
BLOG does NOT give buy or sell.
Saleem
Indices down .31% to .88%.....
Indices are lower in anticipation and clarification of Fed chief regarding upcoming interest rate cut, he is saying unrealistic for .50% cut means .25% may be in cards, when we do not know.
S&P 500 @ 2931.43, low 2922.59, high 2946.52
Internals are negative
Oil UP 29 cents
Gold UP 70 cents
Canadian $ Down 7 tick @ .6816
VIX UP 4.91% @ 16.01
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are down
@ 1.42 PM following are UP.
MU NVDA FEYE AMAT EXPE
TK RIG FNSR OSTK MCD
ULTA CMG X.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2931.43, low 2922.59, high 2946.52
Internals are negative
Oil UP 29 cents
Gold UP 70 cents
Canadian $ Down 7 tick @ .6816
VIX UP 4.91% @ 16.01
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are down
@ 1.42 PM following are UP.
MU NVDA FEYE AMAT EXPE
TK RIG FNSR OSTK MCD
ULTA CMG X.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 24, 2019
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2945.35, low 2944.05, high 2954.02
RSI @ 65.92
CMF @ -0.025
Internals were :
Down volume led by 1.70 to 1 in NYSE & 1.26 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 2.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 147 in NYSE & lows by 27 in Nasdaq
VIX Down .91% @ 15.26
Oil @ $57.90
Gold @ $1418.20
Stocks which were UP 1% or more included IQ TWTR
HUYA MOMO MTCH AEM CGC CTRP QRVO
TK YELP ORCL TSM......
AH news....SINA UP 4.14%, USNA UP 8.52%
AH futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed mixed which was not a bad thing.There was a news vacuum on all front about any major change in tension about Iran or China US trade, on the contrary new sanctions were announced against Iran thus stick approach continued, only carrot will be positive for market. Market remains in wait and see mode.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2945.35, low 2944.05, high 2954.02
RSI @ 65.92
CMF @ -0.025
Internals were :
Down volume led by 1.70 to 1 in NYSE & 1.26 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 2.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 147 in NYSE & lows by 27 in Nasdaq
VIX Down .91% @ 15.26
Oil @ $57.90
Gold @ $1418.20
Stocks which were UP 1% or more included IQ TWTR
HUYA MOMO MTCH AEM CGC CTRP QRVO
TK YELP ORCL TSM......
AH news....SINA UP 4.14%, USNA UP 8.52%
AH futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed mixed which was not a bad thing.There was a news vacuum on all front about any major change in tension about Iran or China US trade, on the contrary new sanctions were announced against Iran thus stick approach continued, only carrot will be positive for market. Market remains in wait and see mode.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed on overbought conditions and increasing tension with Iran.
S&P 500 @ 2950.96, high 2954.92, low 2948.16
Internals are mixed
Oil Unchanged
Gold UP $18.30
Canadian $ UP 38 tick @ .6817
VIX Down .71% @ 15.29
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 1.44 PM following are red :
SHOP ROKU VICR CRON TLRY AMAT
CIEN PANW NTNX ALDR CHK FEYE
LNG AMRN ESTC SINA OSTK ULTA
X M .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2950.96, high 2954.92, low 2948.16
Internals are mixed
Oil Unchanged
Gold UP $18.30
Canadian $ UP 38 tick @ .6817
VIX Down .71% @ 15.29
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 1.44 PM following are red :
SHOP ROKU VICR CRON TLRY AMAT
CIEN PANW NTNX ALDR CHK FEYE
LNG AMRN ESTC SINA OSTK ULTA
X M .....
BLOG does NOT give buy or sell.
Saleem
Sunday, June 23, 2019
US stock market is overbought......
US stock market made substantial progress last week in celebration of Fed new lower rates statement.
S&P 500 made a new all time high.
DOW made a new 2019 high, DOW came within 494 points of making a new all time high.
Nasdaq came within 89 points of making new all time high
Here is a look @ current RSI :
DOW 68.72
S&P 500 67.53
Nasdaq 63.58
RUT 55.48
SOX 53.55
GLD 83.85
TAN 62.66
XLE 61.34
IF we look @ above numbers, GLD is the best asset class as US$ loses preferred status to gold for now as war rhetoric heats up between US & IRAN.
DOW & S&P 500 are the strongest performer in leading averages while Nasdaq remains behind.
RUT is lagging while SOX is weakest among most followed sectors.
Many stocks have performed well in technology and are making series of new highs in B to B sector.
FB NFLX are behaving well
NVDA and TWTR are not so healthy.
As we are overbought and G 20 is meeting on 28th to 29th June in Tokyo, we have to wait for next weekend to know IF there was any progress made in China vs US trade war......
While we work off overbought conditions, we should remain with strong performing stocks for markets to move ahead in coming weeks.
Good luck with your own analysis and your comfort level.
BLOG does NOT give buy or sell.
Saleem
S&P 500 made a new all time high.
DOW made a new 2019 high, DOW came within 494 points of making a new all time high.
Nasdaq came within 89 points of making new all time high
Here is a look @ current RSI :
DOW 68.72
S&P 500 67.53
Nasdaq 63.58
RUT 55.48
SOX 53.55
GLD 83.85
TAN 62.66
XLE 61.34
IF we look @ above numbers, GLD is the best asset class as US$ loses preferred status to gold for now as war rhetoric heats up between US & IRAN.
DOW & S&P 500 are the strongest performer in leading averages while Nasdaq remains behind.
RUT is lagging while SOX is weakest among most followed sectors.
Many stocks have performed well in technology and are making series of new highs in B to B sector.
FB NFLX are behaving well
NVDA and TWTR are not so healthy.
As we are overbought and G 20 is meeting on 28th to 29th June in Tokyo, we have to wait for next weekend to know IF there was any progress made in China vs US trade war......
While we work off overbought conditions, we should remain with strong performing stocks for markets to move ahead in coming weeks.
Good luck with your own analysis and your comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, June 21, 2019
Indices closed down .13% to .24%.....
Indices closed down slightly due to another list of Chinese companies being targeted for US market.
S&P 500 @ 2950.46, low 2946.87, high 2964.15
RSI @ 67.53
CMF @ -0.040
Internals were :
Down volume led by 1.60 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.64 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 167 in NYSE & 22 in Nasdaq
VIX UP 4.41% @ 15.40
Oil @ $57.43
Gold @ $1400.10
Canadian $ @ .6778
Stocks which were UP included TSLA
FB WB AEM EXPE FFIV GOOG
NFLX LNG TRIP OSTK M.....
In my portfolio...bought BZUN @ $49.30
Here is my portfolio weighting :
TSLA 21.10%
SQ 20.90%
AMD 20.80%
TWTR 16.70%
BZUN 11.80%
IQ 8.70%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2950.46, low 2946.87, high 2964.15
RSI @ 67.53
CMF @ -0.040
Internals were :
Down volume led by 1.60 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.64 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 167 in NYSE & 22 in Nasdaq
VIX UP 4.41% @ 15.40
Oil @ $57.43
Gold @ $1400.10
Canadian $ @ .6778
Stocks which were UP included TSLA
FB WB AEM EXPE FFIV GOOG
NFLX LNG TRIP OSTK M.....
In my portfolio...bought BZUN @ $49.30
Here is my portfolio weighting :
TSLA 21.10%
SQ 20.90%
AMD 20.80%
TWTR 16.70%
BZUN 11.80%
IQ 8.70%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 20, 2019
Indices closed UP .80% to .95%....NICE !!!!
Indices closed UP.
S&P 500 @ 2954.18, high 2958.06, low 2931.50
RSI @ 68.66
CMF @ 0.005
Internals were :
UP volume led by 4.19 to 1 in NYSE & 1.78 to 1 in Nasdaq
Advancing stocks led by 3.15 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk highs were leading by 520 in NYSE & 168 in Nasdaq
VIX UP 2.93% @ 14.75
Oil @ $56.65
Gold @ $1396.90
Stocks which were UP 1% or more included SQ BZUN
FB LRCX MOMO WB PHM SPLK AEM VICR
CRON CGC TLRY PRNB AMAT BABA NTNX
AMAT CHK RIG MA MGA ORCL SINA SU
TSM NKE KBH IBM V CNX.....
AH news....DRH Down 6.92%,BYND Down 4.17%
AH futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was supercharged with enthusiasm over Fed statement of lower rates ahead. S&P 500 and DOW made a new all time highs. Nasdaq is the next in line for new all time high. Technology stocks are lagging behind due to trade issues with China. Chinese stocks are also laggards due to slowing economy in China. Next week we may pick up the pace in lagging sectors. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2954.18, high 2958.06, low 2931.50
RSI @ 68.66
CMF @ 0.005
Internals were :
UP volume led by 4.19 to 1 in NYSE & 1.78 to 1 in Nasdaq
Advancing stocks led by 3.15 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk highs were leading by 520 in NYSE & 168 in Nasdaq
VIX UP 2.93% @ 14.75
Oil @ $56.65
Gold @ $1396.90
Stocks which were UP 1% or more included SQ BZUN
FB LRCX MOMO WB PHM SPLK AEM VICR
CRON CGC TLRY PRNB AMAT BABA NTNX
AMAT CHK RIG MA MGA ORCL SINA SU
TSM NKE KBH IBM V CNX.....
AH news....DRH Down 6.92%,BYND Down 4.17%
AH futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was supercharged with enthusiasm over Fed statement of lower rates ahead. S&P 500 and DOW made a new all time highs. Nasdaq is the next in line for new all time high. Technology stocks are lagging behind due to trade issues with China. Chinese stocks are also laggards due to slowing economy in China. Next week we may pick up the pace in lagging sectors. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .53% to .64%....NICE !!!!
Indices were sharply higher @ open on Fed policy confirmation. We are much lower than high of the day pretty close to low of the day. S&P 500 made an intraday new all time high.
S&P 500 @ 2945.67, high 2956.20, low 2931.50
Internals are positive by almost 2 to 1
Oil UP $2.91
Gold UP $45.79
Canadian $ UP 89 tick @ .6811
VIX UP 3.77% @ 14.87.....this is STRANGE?
In my portfolio :
Doubled my position in TWTR @ $36.52
Sold BZUN @ $51.00
Portfolio AMD IQ SQ TSLA TWTR
Most stocks are UP
@ 2.13 PM following are red :
AMD TSLA TWTR HUYA UAL MTCH
NIU ROKU CSIQ JKS TK FEYE OSTK
X M ....
BLOG does NOT give give buy or sell.
Saleem
S&P 500 @ 2945.67, high 2956.20, low 2931.50
Internals are positive by almost 2 to 1
Oil UP $2.91
Gold UP $45.79
Canadian $ UP 89 tick @ .6811
VIX UP 3.77% @ 14.87.....this is STRANGE?
In my portfolio :
Doubled my position in TWTR @ $36.52
Sold BZUN @ $51.00
Portfolio AMD IQ SQ TSLA TWTR
Most stocks are UP
@ 2.13 PM following are red :
AMD TSLA TWTR HUYA UAL MTCH
NIU ROKU CSIQ JKS TK FEYE OSTK
X M ....
BLOG does NOT give give buy or sell.
Saleem
Wednesday, June 19, 2019
Indices closed UP .15% to .42%....NICE !!!!
Indices closed UP.
S&P 500 @ 2926.46, high 2931.94, low 2911.43
RSI @ 64.55
CMF @ -0.045
Internals were :
UP volume led by 1.49 to 1 in NYSE & 1.43 to 1 in Nasdaq
Advancing stocks led by 1.65 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 243 in NYSE & 49 in Nasdaq
VIX Down 5.41% @ 14.33
Oil @ $53.76
Gold @ $1348.80
Stocks which were UP 1% or more included BZUN SQ
SHOP UAL FEYE NIU SPLK AEM CGC TLRY
CSIQ CTRP EXPE NFLX PANW NTNX ROKU
TK TRIP MGA OSTK ULTA X M......
AH news...ORCL UP 4.54%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE celebrated Fed dovish approach and closed near high of the day. Markets all set to make new all time highs as 10 year yield is falling below 2%, first time in almost 4 years. This rally was the most ignored by majority of participants, thus expect a huge rally on Thursday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2926.46, high 2931.94, low 2911.43
RSI @ 64.55
CMF @ -0.045
Internals were :
UP volume led by 1.49 to 1 in NYSE & 1.43 to 1 in Nasdaq
Advancing stocks led by 1.65 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 243 in NYSE & 49 in Nasdaq
VIX Down 5.41% @ 14.33
Oil @ $53.76
Gold @ $1348.80
Stocks which were UP 1% or more included BZUN SQ
SHOP UAL FEYE NIU SPLK AEM CGC TLRY
CSIQ CTRP EXPE NFLX PANW NTNX ROKU
TK TRIP MGA OSTK ULTA X M......
AH news...ORCL UP 4.54%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE celebrated Fed dovish approach and closed near high of the day. Markets all set to make new all time highs as 10 year yield is falling below 2%, first time in almost 4 years. This rally was the most ignored by majority of participants, thus expect a huge rally on Thursday.
BLOG does NOT give buy or sell.
Saleem
Indices UP .21% to .30%...NICE!!!!
Indices are higher after release of Fed policy statement, no change in Interest rates, but 8 Fed official see lower rates in 2019 despite banner headline of no lower rate in 2019....
S&P 500 @ 2923.14, high 2929.77, low 2911.43
Internals are positive.
Oil Down 24 cents
Gold UP $2.00
Canadian $ UP 67 tick @ .6691
VIX Down .13% @ 15.13
In my portfolio Added 100% IQ @ $18.17
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 2.16 PM following are red :
IQ TWTR HUYA FB MTCH PHM VICR
CIEN YY CHK WB LVS SINA NKE
KBH .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2923.14, high 2929.77, low 2911.43
Internals are positive.
Oil Down 24 cents
Gold UP $2.00
Canadian $ UP 67 tick @ .6691
VIX Down .13% @ 15.13
In my portfolio Added 100% IQ @ $18.17
Portfolio AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 2.16 PM following are red :
IQ TWTR HUYA FB MTCH PHM VICR
CIEN YY CHK WB LVS SINA NKE
KBH .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 18, 2019
Indices closed UP .97% to 1.39%....NICE !!!!
Indices closed UP.
S&P 500 @ 2917.75, high 2930.79, low 2905.44
RSI @ 63.14
CMF @ -0.050
Internals were :
UP volume led by 3.80 to 1 in NYSE & 3.29 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 326 in NYSE & 94 in Nasdaq
Oil @ $53.90
Gold @ $1350.70
Stocks which were UP 4% or more included AMD BZUN
HUYA MU LRCX MOMO NVDA CTRP OLED QRVO
AMAT RIG SPWR WYNN LVS SINA SWKS TSM X..
AH futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was positive whole day and closed UP. All major indices are heading towards new all time highs, a far cry from two weeks ago when we were below key technical levels. Internals were mostly positive, Semiconductor stocks came back very strong. 2 PM tomorrow Fed will speak their mind, market will like what they will read in their statement, Q & A session follows.
BLOG does NOT give buy or sell,
Saleem
S&P 500 @ 2917.75, high 2930.79, low 2905.44
RSI @ 63.14
CMF @ -0.050
Internals were :
UP volume led by 3.80 to 1 in NYSE & 3.29 to 1 in Nasdaq
Advancing stocks led by 2.85 to 1 in NYSE & 2.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 326 in NYSE & 94 in Nasdaq
Oil @ $53.90
Gold @ $1350.70
Stocks which were UP 4% or more included AMD BZUN
HUYA MU LRCX MOMO NVDA CTRP OLED QRVO
AMAT RIG SPWR WYNN LVS SINA SWKS TSM X..
AH futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was positive whole day and closed UP. All major indices are heading towards new all time highs, a far cry from two weeks ago when we were below key technical levels. Internals were mostly positive, Semiconductor stocks came back very strong. 2 PM tomorrow Fed will speak their mind, market will like what they will read in their statement, Q & A session follows.
BLOG does NOT give buy or sell,
Saleem
Indices UP .97% to 1.41%....NICE !!!!
Indices are higher on positive trade development between China & USA, top men are going to meet and that could be start of a serious negotiations.
S&P 500 @ 2917.43, high 2930.79, low 2905.44
Internals are positive by 3 to 1
Oil UP $1.67
Gold UP $7.40
Canadian $ UP 28 tick @ .6617
VIX Down .07% @ 15.34
AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 1.39 PM following are red :
SHOP MTCH NIU ROKU CRON ALDR
MA ULTA KBH CMG V.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2917.43, high 2930.79, low 2905.44
Internals are positive by 3 to 1
Oil UP $1.67
Gold UP $7.40
Canadian $ UP 28 tick @ .6617
VIX Down .07% @ 15.34
AMD BZUN IQ SQ TSLA TWTR
Most stocks are UP
@ 1.39 PM following are red :
SHOP MTCH NIU ROKU CRON ALDR
MA ULTA KBH CMG V.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 17, 2019
Indices closed UP .09% to .62%....NICE !!!!!
Indices closed UP.
S&P 500 @ 2889.67, high 2897.27, low 2887.30
RSI @ 58.16
CMF @ -0.058
Internals were :
UP volume led by 1.13 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 100 in NYSE & lows by 9 in Nasdaq
Oil @ $51.93
Gold @ $1342.90
Stocks which closed UP 1% or more included TSLA
HUYA FB LULU BIDU NIU ROKU AEM CRON
CGC TLRY PRNB BABA CIEN FFIV NFLX YY
NTNX ALDR CHK RIG YELP ESTC FNSR X
OSTK CNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP despite GS negative note about market in general and technology in particular, that is a very good sign that we stayed UP and closed UP.Internals were mostly positive. Many sectors participated in today's green day. Expect Tuesday to be positive in anticipation of Fed market friendly policy statement on Wednesday and Q & A. Mid day report was not done in celebration of Toronto Raptors winning NBA title, it was a big deal for Canada & Toronto, TV coverage was outstanding and the day was declared a holiday for the parade attended by a million audience in person and 16 million Canadian TV audience, Prime Minister Trudeau was the speaker.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2889.67, high 2897.27, low 2887.30
RSI @ 58.16
CMF @ -0.058
Internals were :
UP volume led by 1.13 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.11 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 100 in NYSE & lows by 9 in Nasdaq
Oil @ $51.93
Gold @ $1342.90
Stocks which closed UP 1% or more included TSLA
HUYA FB LULU BIDU NIU ROKU AEM CRON
CGC TLRY PRNB BABA CIEN FFIV NFLX YY
NTNX ALDR CHK RIG YELP ESTC FNSR X
OSTK CNX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP despite GS negative note about market in general and technology in particular, that is a very good sign that we stayed UP and closed UP.Internals were mostly positive. Many sectors participated in today's green day. Expect Tuesday to be positive in anticipation of Fed market friendly policy statement on Wednesday and Q & A. Mid day report was not done in celebration of Toronto Raptors winning NBA title, it was a big deal for Canada & Toronto, TV coverage was outstanding and the day was declared a holiday for the parade attended by a million audience in person and 16 million Canadian TV audience, Prime Minister Trudeau was the speaker.
BLOG does NOT give buy or sell.
Saleem
Sunday, June 16, 2019
Indices all set to recover from AVGO scare.....
Indices are all set to recover from AVGO downbeat guidance due to close linkup with HUAWEI.
S&P 500 is above 200 & 50 DMA
DOW above 200 & 50 DMA
Nasdaq above 200 but below 50 DMA
SOX barely above 200 & below 50 DMA
RUT below 200 & 50 DMA......
As you can see from technical strength focus, S&P 500 & DOW are technically healthy.
Nasdaq below 50 DMA, struggling due to semiconductor weakness.
SOX got the kick due to AVGO downbeat commentary
RUT is the weakest sector below 200 & 50 DMA
BUT there is hope this week...
Retail remains very strong RH LULU to name a few are doing extremely well...
FED is expected to announce this Wednesday around 2 PM that they are all set to reduce interest rates, markets will rally in anticipation of this market supporting focus.
SOX is expected to stage an oversold bounce which may be a sharp reversal to the upside.
SNAP MTCH remained strong despite technology slump.
SO relax and do your own SOX focus picks, they are deeply oversold, I did just that with double purchase of AMD...now AMD is my largest position.
Markets get oversold quite often and all stocks take a beating on isolated news, SOX suffered just that last 2 trading days......that presents a unique buying opportunity, that is where we are.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
S&P 500 is above 200 & 50 DMA
DOW above 200 & 50 DMA
Nasdaq above 200 but below 50 DMA
SOX barely above 200 & below 50 DMA
RUT below 200 & 50 DMA......
As you can see from technical strength focus, S&P 500 & DOW are technically healthy.
Nasdaq below 50 DMA, struggling due to semiconductor weakness.
SOX got the kick due to AVGO downbeat commentary
RUT is the weakest sector below 200 & 50 DMA
BUT there is hope this week...
Retail remains very strong RH LULU to name a few are doing extremely well...
FED is expected to announce this Wednesday around 2 PM that they are all set to reduce interest rates, markets will rally in anticipation of this market supporting focus.
SOX is expected to stage an oversold bounce which may be a sharp reversal to the upside.
SNAP MTCH remained strong despite technology slump.
SO relax and do your own SOX focus picks, they are deeply oversold, I did just that with double purchase of AMD...now AMD is my largest position.
Markets get oversold quite often and all stocks take a beating on isolated news, SOX suffered just that last 2 trading days......that presents a unique buying opportunity, that is where we are.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, June 14, 2019
Indices closed down .07% to .52%....
Indices closed down in reaction to profit warning by AVGO and soft data from China.
S&P 500 @ 2886.98, low 2879.62, high 2894.45
RSI @ 57.65
CMF @ -0.069
Internals were :
Down volume led by 1.62 to 1 in NYSE & 2.13 to 1 in Nasdaq
Declining stocks led by 1.53 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & lows by 21 in Nasdaq
VIX Down 3.41% @ 15.28
Oil @ $52.51
Gold @ $1344.50
Canadian $ @ .6613
Stocks which closed green included TSLA FB LULU
PHM CIEN EXPE ALDR GS MCD ULTA MSFT
CMG.....
Here is my portfolio weighting :
AMD 25.20%
SQ 23.80%
TSLA 23.80%
BZUN 12.30%
TWTR 10.00%
IQ 4.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2886.98, low 2879.62, high 2894.45
RSI @ 57.65
CMF @ -0.069
Internals were :
Down volume led by 1.62 to 1 in NYSE & 2.13 to 1 in Nasdaq
Declining stocks led by 1.53 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & lows by 21 in Nasdaq
VIX Down 3.41% @ 15.28
Oil @ $52.51
Gold @ $1344.50
Canadian $ @ .6613
Stocks which closed green included TSLA FB LULU
PHM CIEN EXPE ALDR GS MCD ULTA MSFT
CMG.....
Here is my portfolio weighting :
AMD 25.20%
SQ 23.80%
TSLA 23.80%
BZUN 12.30%
TWTR 10.00%
IQ 4.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 13, 2019
Indices closed UP .39% to .57%....NICE !!!!
Indices closed UP.
S&P 500 @ 2891.64, high 2895.24, low 2881.99
RSI @ 58.80
CMF @ -0.062
Internals were :
UP volume led by 3.30 to 1 in NYSE & 3.12 to 1 in Nasdaq
Advancing stocks led by 2.66 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 4 in Nasdaq
VIX Down .57% @ 15.82
Oil @ $52.28
Gold @ $1343.70
In my portfolio AH....
Sold ESTC @ $75.40
Added 200% AMD @ $30.71
AH news....TXRH UP 4.69%, AVGO Down 8.56%
TROX Down 9.75%, EZPH Down 19.96%
AH Futures Mixed
AH Asian markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP after 2 days of mild selling. Internals were strong. AH AVGO guided down due to trade war with China and HUAWEI business link, all chips were lower in sympathy. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2891.64, high 2895.24, low 2881.99
RSI @ 58.80
CMF @ -0.062
Internals were :
UP volume led by 3.30 to 1 in NYSE & 3.12 to 1 in Nasdaq
Advancing stocks led by 2.66 to 1 in NYSE & 2.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 4 in Nasdaq
VIX Down .57% @ 15.82
Oil @ $52.28
Gold @ $1343.70
In my portfolio AH....
Sold ESTC @ $75.40
Added 200% AMD @ $30.71
AH news....TXRH UP 4.69%, AVGO Down 8.56%
TROX Down 9.75%, EZPH Down 19.96%
AH Futures Mixed
AH Asian markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed UP after 2 days of mild selling. Internals were strong. AH AVGO guided down due to trade war with China and HUAWEI business link, all chips were lower in sympathy. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .35% to .56%....NICE !!!!
Indices are higher after two day of mild selling.
S&P 500 @ 2891.44, high 2895.24, low 2881.99
Internals are positive by 2 to 1
Oil UP $1.23
Gold UP $7.29
Canadian $ UP 25 tick @ .6684
VIX Down 1.38% @ 15.69
In my portfolio bought AMD @ $31.70
Portfolio AMD BZUN ESTC IQ SQ TSLA TWTR
Most stocks are UP
@ 1.58 PM following are red :
AMD ESTC TWTR SHOP WB ROKU CRON
CGC TLRY CIEN NFLX YY MA TSM CMG
V.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2891.44, high 2895.24, low 2881.99
Internals are positive by 2 to 1
Oil UP $1.23
Gold UP $7.29
Canadian $ UP 25 tick @ .6684
VIX Down 1.38% @ 15.69
In my portfolio bought AMD @ $31.70
Portfolio AMD BZUN ESTC IQ SQ TSLA TWTR
Most stocks are UP
@ 1.58 PM following are red :
AMD ESTC TWTR SHOP WB ROKU CRON
CGC TLRY CIEN NFLX YY MA TSM CMG
V.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 12, 2019
Indices closed down .17% to .38%.....
Indices closed down
S&P 500 @ 2879.84, low 2874.68, high 2888.57
RSI @ 56.77
CMF @ -0.50
Internals were :
Down volume led by 1.53 to 1 in NYSE & 1.05 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 60 in Nasdaq
VIX Down .50% @ 15.91
Oil @ $51.14
Gold $1336.80
AH news....RH UP 25.56%, ACRS UP 11.83%
LULU UP 5.34%, SVRA Down 71.62%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed down for 2 day's in a row, negative action was quite mild which shows resilience of this market. Looks like this mini adjustment may be done for now. Hopefully concern about semiconductor growth this year and memory pricing has been discounted.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2879.84, low 2874.68, high 2888.57
RSI @ 56.77
CMF @ -0.50
Internals were :
Down volume led by 1.53 to 1 in NYSE & 1.05 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 60 in Nasdaq
VIX Down .50% @ 15.91
Oil @ $51.14
Gold $1336.80
AH news....RH UP 25.56%, ACRS UP 11.83%
LULU UP 5.34%, SVRA Down 71.62%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed down for 2 day's in a row, negative action was quite mild which shows resilience of this market. Looks like this mini adjustment may be done for now. Hopefully concern about semiconductor growth this year and memory pricing has been discounted.
BLOG does NOT give buy or sell.
Saleem
Indices down .26% to .47%.....
Indices are lower on overbought conditions, mild profit taking place.
S&P 500 @ 2877.11, low 2874.68, high 2888.57
Internals are negative
Oil Down $1.82
Gold UP $5.50
Canadian $ Down 47 tick @ .6674
VIX UP .19% @ 16.02
Portfolio BZUN ESTC IQ SQ TSLA TWTR
Most stocks are down
@ 2.28 PM following are UP :
BZUN SQ TWTR SHOP ROKU AAL AEM
TLRY PRNB CSIQ EXPE JKS OLED
PANW FNSR MCD ULTA KBH CMG
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2877.11, low 2874.68, high 2888.57
Internals are negative
Oil Down $1.82
Gold UP $5.50
Canadian $ Down 47 tick @ .6674
VIX UP .19% @ 16.02
Portfolio BZUN ESTC IQ SQ TSLA TWTR
Most stocks are down
@ 2.28 PM following are UP :
BZUN SQ TWTR SHOP ROKU AAL AEM
TLRY PRNB CSIQ EXPE JKS OLED
PANW FNSR MCD ULTA KBH CMG
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 11, 2019
Indices closed down .01% to .05%......
Indices closed down.
S&P 500 @ 2885.72, high 2910.61, low 2878.53
RSI @ 68.10
CMF @ -0.041
Internals were :
UP volume led by 1.48 to 1 in NYSE & .87 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & .84 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & lows by 18 in Nasdaq
VIX UP .31% @ 15.99
Oil @ $53.27
Gold @ $1331.20
Stocks which were UP 1% or more included BZUN TSLA
FB MOMO BIDU NVDA WB AAPL CTRP EXPE AMAT
TK BABA FSLR HUYA WYNN MGA SINA OSTK CMG
SWKS X M .......
AH news....MX UP 29.22%, AXGT UP 17.51%
NVTR UP 13.38%, PLAY Down 17.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed slightly lower after opening UP on China economic stimulation news. Nasdaq internals were weak. Six straight day's of gains was the best in a long time thus needed digestion of gains. Rotation is going on in the market which is healthy for short term.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2885.72, high 2910.61, low 2878.53
RSI @ 68.10
CMF @ -0.041
Internals were :
UP volume led by 1.48 to 1 in NYSE & .87 to 1 in Nasdaq
Advancing stocks led by 1.08 to 1 in NYSE & .84 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & lows by 18 in Nasdaq
VIX UP .31% @ 15.99
Oil @ $53.27
Gold @ $1331.20
Stocks which were UP 1% or more included BZUN TSLA
FB MOMO BIDU NVDA WB AAPL CTRP EXPE AMAT
TK BABA FSLR HUYA WYNN MGA SINA OSTK CMG
SWKS X M .......
AH news....MX UP 29.22%, AXGT UP 17.51%
NVTR UP 13.38%, PLAY Down 17.43%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed slightly lower after opening UP on China economic stimulation news. Nasdaq internals were weak. Six straight day's of gains was the best in a long time thus needed digestion of gains. Rotation is going on in the market which is healthy for short term.
BLOG does NOT give buy or sell.
Saleem
Indices UP .07% to .14%....NICE !!!!!
Indices are UP for 7th day, there is some hesitation and profit taking to be expected, but the trend is still UP.
S&P 500 @ 2889.76, high 2910.61, low 2878.53
Internals are mixed
Oil UP 13 cents
Gold UP $2.29
Canadian $ Down 13 tick @ .6772
VIX UP 1.44% @ 16.17
In my portfolio :
Bought TWTR @ $38.00 in pre market
Bought IQ @ $18.52 in pre market
Portfolio BZUN ESTC IQ SQ TSLA TWTR
Most stocks are UP
@ 2.22 PM following are red :
TWTR AMD MU SHOP MTCH FEYE
NIU ROKU PHM CGC CSIQ JKS
QRVO MA MSFT KBH V.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2889.76, high 2910.61, low 2878.53
Internals are mixed
Oil UP 13 cents
Gold UP $2.29
Canadian $ Down 13 tick @ .6772
VIX UP 1.44% @ 16.17
In my portfolio :
Bought TWTR @ $38.00 in pre market
Bought IQ @ $18.52 in pre market
Portfolio BZUN ESTC IQ SQ TSLA TWTR
Most stocks are UP
@ 2.22 PM following are red :
TWTR AMD MU SHOP MTCH FEYE
NIU ROKU PHM CGC CSIQ JKS
QRVO MA MSFT KBH V.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 10, 2019
Indices closed UP .30% to 1.05%....NICE !!!!
Indices closed UP.
S&P 500 @ 2886.73, high 2904.77, low 2885.51
RSI @ 58.31
CMF @ -0.043
Internals were :
UP volume led by 1.29 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 230 in NYSE & 69 in Nasdaq
VIX Down 2.21% @ 15.94
Oil @ $53.26
Gold @ $1329.30
Stocks which closed UP 2% included SQ TSLA
AMD HUYA MU LRCX MOMO AMZN
NVDA VICR CRON CGC TLRY PRNB
AMAT CRUS BABA JKS OLED WYNN
LVS GS SINA SWKS TSM M....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed UP on positive trade sentiment due to closure of Mexican & US irritant. Chinese economic data was better than expected. Stocks had a great run and is UP around 6% from lows of few days ago. China US are still not talking on trade issues which will put a damper on any sustained move in market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2886.73, high 2904.77, low 2885.51
RSI @ 58.31
CMF @ -0.043
Internals were :
UP volume led by 1.29 to 1 in NYSE & 2.31 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 230 in NYSE & 69 in Nasdaq
VIX Down 2.21% @ 15.94
Oil @ $53.26
Gold @ $1329.30
Stocks which closed UP 2% included SQ TSLA
AMD HUYA MU LRCX MOMO AMZN
NVDA VICR CRON CGC TLRY PRNB
AMAT CRUS BABA JKS OLED WYNN
LVS GS SINA SWKS TSM M....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed UP on positive trade sentiment due to closure of Mexican & US irritant. Chinese economic data was better than expected. Stocks had a great run and is UP around 6% from lows of few days ago. China US are still not talking on trade issues which will put a damper on any sustained move in market.
BLOG does NOT give buy or sell.
Saleem
Indices UP .47% to 1.40%....NICE !!!!
Indices are UP in celebration of agreement between US & Mexico, Chinese export came in better than expected.
S&P 500 @ 2889.57, high 2904.77, low 2885.83
Internals are positive by 2 to 1
Oil Down 15 cent
Gold Down $15.29
Canadian $ Down 3 tick @ .6730
VIX UP .31% @ 16.35
Portfolio BZUN ESTC SQ TSLA
Most stocks are UP
@ 2.08 PM following are red :
ESTC TWTR LULU UAL PHM AEM
EXPE NFLX ROKU ALDR RIG LNG
CIEN MCD ULTA NKE KBH CNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2889.57, high 2904.77, low 2885.83
Internals are positive by 2 to 1
Oil Down 15 cent
Gold Down $15.29
Canadian $ Down 3 tick @ .6730
VIX UP .31% @ 16.35
Portfolio BZUN ESTC SQ TSLA
Most stocks are UP
@ 2.08 PM following are red :
ESTC TWTR LULU UAL PHM AEM
EXPE NFLX ROKU ALDR RIG LNG
CIEN MCD ULTA NKE KBH CNX...
BLOG does NOT give buy or sell.
Saleem
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