Indices closed down.
S&P 500 @ 2980.38, low 2958.08, high 3017.40
RSI @ 50.36
CMF @ 0.243
Internals were :
Down volume led by 3.07 to 1 in NYSE & 2.58 to 1 in Nasdaq
Declining stocks led by 1.77 to 1 in NYSE & 2.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 328 in NYSE & 69 in Nasdaq
VIX UP 15.64% @ 16.12
Oil @ $58.58
Gold @ $1437.80
In my portfolio Sold NEM @ $36.45...
Stocks which closed green included TWTR BZUN HUYA
SHOP MTCH AAPL TLRY CSIQ SPWR TK RIG ULTA
M CNX.....
AH news...SPWR UP 19.50%, RUBY UP 10.64%
PS Down 29.29%, BYND Down 5.86%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE got a real shocker from Fed when Q & A started, they stated this is just an adjustment NOT a start of interest rate cuts, this was a very poorly planned Q & A by Fed Chief, its job is to articulate same policies before any Q & A. Bottom line is US$ strengthened, Gold is taking a tumble and markets went down in a hurry....an exact opposite of what suppose to happen. The only saving grace is " we did not close @ low of the day " BUT confidence in Fed is eroded.
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 31, 2019
Indices mixed.....
Indices are mixed after going red on Fed statement, it is .25% cut in rates.
S&P 500 @ 3010.17, low 3004.45, high 3017.40
Internals are positive
Oil UP 17 cents
Gold Down $12.30
Canadian $ Down 4 tick @ .6850
VIX Down 3.16% @ 13.50
Portfolio AMD CIEN CRON FB IQ NEM SQ TSLA
Most stocks are UP
@ 2.15 PM following are red :
AMD IQ NEM NVDA MU UAL FEYE PHM
PRNB AMAT EXPE JKS NTNX WB FSLR
WYNN LVS MA ORCL SINA OSTK SU
MSFT SWKS KBH XLNX X....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3010.17, low 3004.45, high 3017.40
Internals are positive
Oil UP 17 cents
Gold Down $12.30
Canadian $ Down 4 tick @ .6850
VIX Down 3.16% @ 13.50
Portfolio AMD CIEN CRON FB IQ NEM SQ TSLA
Most stocks are UP
@ 2.15 PM following are red :
AMD IQ NEM NVDA MU UAL FEYE PHM
PRNB AMAT EXPE JKS NTNX WB FSLR
WYNN LVS MA ORCL SINA OSTK SU
MSFT SWKS KBH XLNX X....
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 30, 2019
Indices closed down .09% to .26%....
Indices closed down.
S&P 500 @ 3013.18, low 3000.94, high 3017.19
RSI @ 60.00
CMF @ 0.317
Internals were :
UP volume led by 1.27 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.26 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 203 in NYSE & 14 in Nasdaq
VIX UP 8.65% @ 13.94
Oil @ $58.05
Gold @ $1429.70
AH news...FEYE Down 14.6%, BEAT UP 10.9%
UIS UP 15.00%, ENPH UP 15.47%
On earnings front AMD Beat on Sales and EPS as expected.
Sales guidance for Q 3 was slightly below consensus due to
cancellation of Sales from banned companies on US trade
list.
Conference call was confident and upbeat with many new
contract highlighted, Lower Sales is part of being cautious
due to ongoing trade dispute between China & USA,
it came across UPOD...under promise over deliver in Sales.
AMD was down AH $1.39, reg hours it was UP 39 cents...
net net Down $1.00 on the day.
Staying put with my position as they will have presentation
of their new Data Center chips in a week...
AAPL was UP $9.35 in AH as they beat in Sales and EPS....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE closed down due to trade jitters and Fed decision tomorrow @ 2 PM. Expect a much more dovish statement besides .25% reduction in rates, Gold should jump to a new 7 year high on that news as US$ will take a hit. Equities should rally into another new all time closing highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3013.18, low 3000.94, high 3017.19
RSI @ 60.00
CMF @ 0.317
Internals were :
UP volume led by 1.27 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.26 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 203 in NYSE & 14 in Nasdaq
VIX UP 8.65% @ 13.94
Oil @ $58.05
Gold @ $1429.70
AH news...FEYE Down 14.6%, BEAT UP 10.9%
UIS UP 15.00%, ENPH UP 15.47%
On earnings front AMD Beat on Sales and EPS as expected.
Sales guidance for Q 3 was slightly below consensus due to
cancellation of Sales from banned companies on US trade
list.
Conference call was confident and upbeat with many new
contract highlighted, Lower Sales is part of being cautious
due to ongoing trade dispute between China & USA,
it came across UPOD...under promise over deliver in Sales.
AMD was down AH $1.39, reg hours it was UP 39 cents...
net net Down $1.00 on the day.
Staying put with my position as they will have presentation
of their new Data Center chips in a week...
AAPL was UP $9.35 in AH as they beat in Sales and EPS....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE closed down due to trade jitters and Fed decision tomorrow @ 2 PM. Expect a much more dovish statement besides .25% reduction in rates, Gold should jump to a new 7 year high on that news as US$ will take a hit. Equities should rally into another new all time closing highs.
BLOG does NOT give buy or sell.
Saleem
Indices down .02% to .17%.....
Indices are lower but @ best level of the day, tweet regarding trade deal delay put pressure @ open BUT further softer tone saved the day.
S&P 500 @ 3015.79, low 3000.94, high 3017.10
Internals are mixed
Oil UP 99 cents
Gold UP $12.60
Canadian $ UP 9 tick @ .6848
VIX UP 6.00% @ 13.60
Portfolio AMD CIEN CRON FB IQ NEM SQ TSLA
Most stocks are lower
@ 2.16 PM following are green ;
AMD FB SQ TSLA NVDA MU PHM TLRY
AMAT JKS PANW QRVO ROKU BZUN
TK RIG CSIQ SPWR GS OSTK ULTA
SU SWKS KBH LRCX.....
AMD reports AH, here are the expectations :
Q 2 Sales $1.52 Billion, EPS 8 cents
Guidance Q 3 Sales $1.95 Billion, EPS 23 cents
Expecting a beat in EPS......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3015.79, low 3000.94, high 3017.10
Internals are mixed
Oil UP 99 cents
Gold UP $12.60
Canadian $ UP 9 tick @ .6848
VIX UP 6.00% @ 13.60
Portfolio AMD CIEN CRON FB IQ NEM SQ TSLA
Most stocks are lower
@ 2.16 PM following are green ;
AMD FB SQ TSLA NVDA MU PHM TLRY
AMAT JKS PANW QRVO ROKU BZUN
TK RIG CSIQ SPWR GS OSTK ULTA
SU SWKS KBH LRCX.....
AMD reports AH, here are the expectations :
Q 2 Sales $1.52 Billion, EPS 8 cents
Guidance Q 3 Sales $1.95 Billion, EPS 23 cents
Expecting a beat in EPS......
BLOG does NOT give buy or sell.
Saleem
Monday, July 29, 2019
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 3020.97, low 3014.30, high 3025.61
RSI @ 62.64
CMF @ 0.285
Internals were :
Down volume led by 1.46 to 1 in NYSE & 1.38 to 1 in Nasdaq
Declining stocks led by .99 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 232 in NYSE & 7 in Nasdaq
VIX UP 5.51% @ 12.83
Oil @ $56.87
Gold @ $1420.40
AH news....SSNC Down 19.80%, BYND Down 13.33%
RMBS Down 9.23%, CHGG UP 6.57%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed most of the day and closed that way. DOW was the sole green close. China & USA started their marathon trade negotiations, there is an outside chance we may see some progress this time and world markets may rally on that sign of hope. Fed will speak its mind @ 2 PM on Wednesday, BUT it is all about AAPL earnings report after close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3020.97, low 3014.30, high 3025.61
RSI @ 62.64
CMF @ 0.285
Internals were :
Down volume led by 1.46 to 1 in NYSE & 1.38 to 1 in Nasdaq
Declining stocks led by .99 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 232 in NYSE & 7 in Nasdaq
VIX UP 5.51% @ 12.83
Oil @ $56.87
Gold @ $1420.40
AH news....SSNC Down 19.80%, BYND Down 13.33%
RMBS Down 9.23%, CHGG UP 6.57%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was mixed most of the day and closed that way. DOW was the sole green close. China & USA started their marathon trade negotiations, there is an outside chance we may see some progress this time and world markets may rally on that sign of hope. Fed will speak its mind @ 2 PM on Wednesday, BUT it is all about AAPL earnings report after close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices mixed on jitters about Fed decision on Interest rate reduction.
S&P 500 @ 3019.56, low 3014.30, high 3025.61
Internals are negative
Oil UP 70 cents
Gold UP $2.10
Canadian $ UP 15 cents @ .6849
VIX UP 6.66% @ 12.97
Portfolio AMD CIEN CRON FB IQ NEM SQ TSLA
Most stocks are down
@ 2.15 PM following are green :
CIEN NEM TSLA HUYA AEM GLD LULU
UAL FSLR CSIQ OLED SPWR MGA
OSTK SWKS TSM CMG LRCX ...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3019.56, low 3014.30, high 3025.61
Internals are negative
Oil UP 70 cents
Gold UP $2.10
Canadian $ UP 15 cents @ .6849
VIX UP 6.66% @ 12.97
Portfolio AMD CIEN CRON FB IQ NEM SQ TSLA
Most stocks are down
@ 2.15 PM following are green :
CIEN NEM TSLA HUYA AEM GLD LULU
UAL FSLR CSIQ OLED SPWR MGA
OSTK SWKS TSM CMG LRCX ...
BLOG does NOT give buy or sell.
Saleem
Sunday, July 28, 2019
Earning reports continue.....
We saw different reaction to many earnings report which came out last week.
Some good GOOG TWTR
Some bad TSLA AMZN
Next week we have more earnings reports, some key ones for market and me are :
Tuesday AAPL
For me
Tuesday AMD
Thursday SQ
Market is getting ready to see what AAPL has in store.....
So far we have seen new or series of all time highs in S&P 500, Nasdaq, SOX & DOW
Big laggard is Russell 2000....which is 163,12 points away or 9.36% from making new all time high, it may happen with Q 3 earnings season....
RSI is elevated but not alarming, they are :
SOX 69.42
S&P 500 64.29
Nasdaq 64.21
DOW 61.13
RUT 58.06
As you can see SOX is the star performer here, which is a good thing.
Russell 2000 is inching up slowly to make the grade.
Earnings are hard to predict but it needs to be done individually based on your in-depth knowledge of your stocks, rewards can be fast......
Some earnings reaction are extremely positive because it was not expected to be good or some metrics were better than expected....GOOG & TWTR meets those criteria.....
GOOG was clear winner so far as it beats estimates in all metrics by a mile, thus can be added to any portfolio with huge buyback of stock in play also......
SO...we wait for earnings few more weeks while Fed decides on .25% cut....which may be priced in by then.......
China US trade stalemate continues.....thus no help to market......
SO.....play your earnings trade wisely, take the money and run as markets are elevated and may be getting ready to go south sooner than later.
Good luck with your own comfort level and strategy!
BLOG does NOT give buy or sell.
Saleem
Some good GOOG TWTR
Some bad TSLA AMZN
Next week we have more earnings reports, some key ones for market and me are :
Tuesday AAPL
For me
Tuesday AMD
Thursday SQ
Market is getting ready to see what AAPL has in store.....
So far we have seen new or series of all time highs in S&P 500, Nasdaq, SOX & DOW
Big laggard is Russell 2000....which is 163,12 points away or 9.36% from making new all time high, it may happen with Q 3 earnings season....
RSI is elevated but not alarming, they are :
SOX 69.42
S&P 500 64.29
Nasdaq 64.21
DOW 61.13
RUT 58.06
As you can see SOX is the star performer here, which is a good thing.
Russell 2000 is inching up slowly to make the grade.
Earnings are hard to predict but it needs to be done individually based on your in-depth knowledge of your stocks, rewards can be fast......
Some earnings reaction are extremely positive because it was not expected to be good or some metrics were better than expected....GOOG & TWTR meets those criteria.....
GOOG was clear winner so far as it beats estimates in all metrics by a mile, thus can be added to any portfolio with huge buyback of stock in play also......
SO...we wait for earnings few more weeks while Fed decides on .25% cut....which may be priced in by then.......
China US trade stalemate continues.....thus no help to market......
SO.....play your earnings trade wisely, take the money and run as markets are elevated and may be getting ready to go south sooner than later.
Good luck with your own comfort level and strategy!
BLOG does NOT give buy or sell.
Saleem
Friday, July 26, 2019
Indices closed UP .19% to 1.11%...NICE !!!!
Indices closed near high of the day. S&P 500 and Nasdaq closed @ new all time high.
S&P 500 @ 3025.86, high 3027.98, low 3012.59
RSI @ 64.29
CMF @ 0.325
Internals were :
UP volume led by 2.16 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 2.08 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 66 in Nasdaq
VIX Down 4.55% @ 12.16
Oil @ $56.20
Gold @ $1419.30
Canadian $ @ .6809
Stocks which closed UP 1% or more included AMD SQ TWTR
UBER FEYE NIO ROKU SPLK CSIQ FFIV GOOG JKS
NFLX OLED PANW NTNX ALDR YELP WYNN
TRIP MS OSTK V.....
In my portfolio....
Sold TWTR @ $41.25
Bought CIEN @ $45.46
Here is my portfolio weighting :
FB 21.90%
TSLA 20.00%
CIEN 15.10%
AMD 14.90%
SQ 10.70%
IQ 8.30%
NEM 8.10%
CRON 1.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3025.86, high 3027.98, low 3012.59
RSI @ 64.29
CMF @ 0.325
Internals were :
UP volume led by 2.16 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 2.08 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 211 in NYSE & 66 in Nasdaq
VIX Down 4.55% @ 12.16
Oil @ $56.20
Gold @ $1419.30
Canadian $ @ .6809
Stocks which closed UP 1% or more included AMD SQ TWTR
UBER FEYE NIO ROKU SPLK CSIQ FFIV GOOG JKS
NFLX OLED PANW NTNX ALDR YELP WYNN
TRIP MS OSTK V.....
In my portfolio....
Sold TWTR @ $41.25
Bought CIEN @ $45.46
Here is my portfolio weighting :
FB 21.90%
TSLA 20.00%
CIEN 15.10%
AMD 14.90%
SQ 10.70%
IQ 8.30%
NEM 8.10%
CRON 1.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, July 25, 2019
Indices closed down .47% to 1.00%.....
Indices closed down.
S&P 500 @ 3003.67, low 2997.24, high 3016.31
RSI @ 59.83
CMF @ 0.298
Internals were :
Down volume led by 2.90 to 1 in NYSE & 2.15 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 2.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 12 in Nasdaq
VIX UP 5.55% @ 12.74
Oil @ $56.02
Gold @ $1414.70
In my portfolio:
Sold CIEN @ $45.76
Bought a tiny position in CRON @ $14.98 in closing minutes.....
AH news...GOOG UP 8.27%, MGM UP 6.54%
INTC UP 5.06%, VICR Down 7.45%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure from open to close, all Indices closed near low of the day, Internals were negative. After hours earnings report were mostly positive, GOOG was the big surprise of the evening along with INTC and others. Futures are lit up to expect a positive Friday. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3003.67, low 2997.24, high 3016.31
RSI @ 59.83
CMF @ 0.298
Internals were :
Down volume led by 2.90 to 1 in NYSE & 2.15 to 1 in Nasdaq
Declining stocks led by 2.61 to 1 in NYSE & 2.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 149 in NYSE & 12 in Nasdaq
VIX UP 5.55% @ 12.74
Oil @ $56.02
Gold @ $1414.70
In my portfolio:
Sold CIEN @ $45.76
Bought a tiny position in CRON @ $14.98 in closing minutes.....
AH news...GOOG UP 8.27%, MGM UP 6.54%
INTC UP 5.06%, VICR Down 7.45%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure from open to close, all Indices closed near low of the day, Internals were negative. After hours earnings report were mostly positive, GOOG was the big surprise of the evening along with INTC and others. Futures are lit up to expect a positive Friday. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .45% to .77%.....
Indices are down on below consensus earnings, tonight is GOOG & AMZN which will set the tone for Friday open.
S&P 500 @ 3007.80, low 2997.24, high 3016.21
Internals are negative by 2 to 1
Oil UP 44 cents
Gold Down $6.60
Canadian $ Down 14 tick @ .6847
VIX UP 5.14% @ 12.69...too tame for a down day, positive for equities....
Portfolio AMD CIEN FB IQ NEM SQ TSLA TWTR
Most stocks are down
@ 2.18 PM following are green :
CIEN SQ MOMO SHOP ROKU PHM EXPE
GOOG NFLX GPRO SPWR ORCL OSTK
MCD ULTA NKE KBH IBM ....
TWTR reports before open on Friday, here are the expectations :
Q 2 Sales $827.07 million, EPS 19 cents
Guidance Q 3 Sales $869.31 million, EPS 21 cents
Expecting a beat in EPS......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3007.80, low 2997.24, high 3016.21
Internals are negative by 2 to 1
Oil UP 44 cents
Gold Down $6.60
Canadian $ Down 14 tick @ .6847
VIX UP 5.14% @ 12.69...too tame for a down day, positive for equities....
Portfolio AMD CIEN FB IQ NEM SQ TSLA TWTR
Most stocks are down
@ 2.18 PM following are green :
CIEN SQ MOMO SHOP ROKU PHM EXPE
GOOG NFLX GPRO SPWR ORCL OSTK
MCD ULTA NKE KBH IBM ....
TWTR reports before open on Friday, here are the expectations :
Q 2 Sales $827.07 million, EPS 19 cents
Guidance Q 3 Sales $869.31 million, EPS 21 cents
Expecting a beat in EPS......
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 24, 2019
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 3019.56, high 3019.59, low 2996.92
RSI @ 65.25
CMF @ 0.262
Internals were :
UP volume led by 2.69 to 1 in NYSE & 3.09 to 1 in Nasdaq
Advancing stocks led by 2.68 to 1 in NYSE & 2.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 298 in NYSE & 51 in Nasdaq
VIX Down 4.28% @ 12.07
Oil @ $55.88
Gold @ $1423.60
Stocks which were UP 2% or more included CIEN SQ TWTR
BZUN MU LRCX MTCH FEYE ROKU AAL AMAT CHK
NFLX ALDR TK YELP CIEN OSTK KBH CMG M
AH news...SAVE Down 12.99%, TSLA Down 11.02%
XLNX Down 5.93%, NTGR UP 9.58%
FB reported a beat in Sales & EPS UP $1.54 AH...
TSLA fell slightly short on Sales but missed consensus EPS loss
$1.12 actual loss vs expected 40 cents loss....TSLA had run too much ahead of
this earning, so any miss was treated harshly..Down 11.02% AH....
Still TSLA may be a good hold going forward.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under pressure @ open due to mixed earnings, by close Indices closed @ high of the day, S&P 500 and Nasdaq closed @ new all time high. Internals were all positive. AH earnings were mostly negative plus we are overbought, Thursday could be challenging but close may surprise us.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3019.56, high 3019.59, low 2996.92
RSI @ 65.25
CMF @ 0.262
Internals were :
UP volume led by 2.69 to 1 in NYSE & 3.09 to 1 in Nasdaq
Advancing stocks led by 2.68 to 1 in NYSE & 2.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 298 in NYSE & 51 in Nasdaq
VIX Down 4.28% @ 12.07
Oil @ $55.88
Gold @ $1423.60
Stocks which were UP 2% or more included CIEN SQ TWTR
BZUN MU LRCX MTCH FEYE ROKU AAL AMAT CHK
NFLX ALDR TK YELP CIEN OSTK KBH CMG M
AH news...SAVE Down 12.99%, TSLA Down 11.02%
XLNX Down 5.93%, NTGR UP 9.58%
FB reported a beat in Sales & EPS UP $1.54 AH...
TSLA fell slightly short on Sales but missed consensus EPS loss
$1.12 actual loss vs expected 40 cents loss....TSLA had run too much ahead of
this earning, so any miss was treated harshly..Down 11.02% AH....
Still TSLA may be a good hold going forward.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under pressure @ open due to mixed earnings, by close Indices closed @ high of the day, S&P 500 and Nasdaq closed @ new all time high. Internals were all positive. AH earnings were mostly negative plus we are overbought, Thursday could be challenging but close may surprise us.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed when big US technology companies are under more scrutiny by Department Of Justice, not a bad TAPE action considering FB green & reporting tonight after paying hefty $5 billion fine.
S&P 500 @ 3012.05, high 3012.45, low 2996.82
Internals are positive
Oil Down $1.17
Gold UP 50 cents
Canadian $ Down 13 tick @ .6855
VIX Down 2.93% @ 12.24
In my portfolio :
Bought SQ @ $78.90
Bought AMD @ $34.15
Portfolio AMD CIEN FB IQ NEM SQ TSLA TWTR
Most stocks are UP
@ 2.30 PM following are red :
MOMO SHOP AMZN NIU AAPL PRNB
CTRP JKS GOOG NTNX SPWR MCD
SU IBM CNX....
FB reporting AH, expectations are :
Sales Q 2 $16.5 Billion, EPS $1.88
Guidance Sales Q 3 $17.04 Billion, EPS $1.84
Expecting a beat....
TSLA reporting AH, expectations are :
Sales Q 2 $6.41 Billion, EPS loss of 40 cents
Guidance Q 3 Sales $6.5 Billion, EPS 23 cents
Will not be surprised IF TSLA beats on Sales & EPS..
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3012.05, high 3012.45, low 2996.82
Internals are positive
Oil Down $1.17
Gold UP 50 cents
Canadian $ Down 13 tick @ .6855
VIX Down 2.93% @ 12.24
In my portfolio :
Bought SQ @ $78.90
Bought AMD @ $34.15
Portfolio AMD CIEN FB IQ NEM SQ TSLA TWTR
Most stocks are UP
@ 2.30 PM following are red :
MOMO SHOP AMZN NIU AAPL PRNB
CTRP JKS GOOG NTNX SPWR MCD
SU IBM CNX....
FB reporting AH, expectations are :
Sales Q 2 $16.5 Billion, EPS $1.88
Guidance Sales Q 3 $17.04 Billion, EPS $1.84
Expecting a beat....
TSLA reporting AH, expectations are :
Sales Q 2 $6.41 Billion, EPS loss of 40 cents
Guidance Q 3 Sales $6.5 Billion, EPS 23 cents
Will not be surprised IF TSLA beats on Sales & EPS..
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 23, 2019
Indices closed UP .58% to .68%....NICE !!!!
Indices closed UP.
S&P 500 @ 3005.47, high 3005.90, low 2988.56
RSI @ 62.45
CMF @ 0.112
Internals were :
UP volume led by 2.37 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 125 in NYSE & lows by 41 in Nasdaq
VIX Down 6.80% @ 12.61
Oil @ $56.77
Gold @ $1421.70
Stocks which were UP 2% or more included IQ
BIDU NIU AAL CRON BABA OLED
BZUN CHK WB WYNN GS MGA
OSTK XLNX M.....
AH news....TER UP 16.45% SNAP UP 9.1%
TXN UP 7.19%, IRBT Down 18.11%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed @ highest point of the day, after hours earnings reports from Internet, Semiconductor & Equipment makers are very strong and showed excellent after hour action. BUT Department Of Justice in USA is starting a new investigation into the practises of GOOG, AAPL, AMZN & FB which brought all these stocks down in AH. Tomorrow after hours TSLA, FB reports among many others.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3005.47, high 3005.90, low 2988.56
RSI @ 62.45
CMF @ 0.112
Internals were :
UP volume led by 2.37 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.35 to 1 in Nasdaq
Net new 52 wk highs were leading by 125 in NYSE & lows by 41 in Nasdaq
VIX Down 6.80% @ 12.61
Oil @ $56.77
Gold @ $1421.70
Stocks which were UP 2% or more included IQ
BIDU NIU AAL CRON BABA OLED
BZUN CHK WB WYNN GS MGA
OSTK XLNX M.....
AH news....TER UP 16.45% SNAP UP 9.1%
TXN UP 7.19%, IRBT Down 18.11%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed @ highest point of the day, after hours earnings reports from Internet, Semiconductor & Equipment makers are very strong and showed excellent after hour action. BUT Department Of Justice in USA is starting a new investigation into the practises of GOOG, AAPL, AMZN & FB which brought all these stocks down in AH. Tomorrow after hours TSLA, FB reports among many others.
BLOG does NOT give buy or sell.
Saleem
Indices UP .42% to .59% NICE !!!!
Indices are @ high of the day after Nasdaq showing indecision earlier. Resumption of trade talk between US & China next week is a catalyst also.
S&P 500 @ 3003.20, high 3004.14, low 2988.56
Internals are positive
Oil UP 39 cents
Gold Down $6.00
Canadian $ Down 11 tick @ .6871
VIX Down 6.13% @ 12.70
Portfolio CIEN FB IQ NEM TSLA TWTR
Most stocks are UP.
@ 2.04 PM, following are red :
NEM AEM MU SHOP ROKU PHM SPLK
VICR CSIQ JKS NFLX LNG SPWR MCD
KBH CMG .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3003.20, high 3004.14, low 2988.56
Internals are positive
Oil UP 39 cents
Gold Down $6.00
Canadian $ Down 11 tick @ .6871
VIX Down 6.13% @ 12.70
Portfolio CIEN FB IQ NEM TSLA TWTR
Most stocks are UP.
@ 2.04 PM, following are red :
NEM AEM MU SHOP ROKU PHM SPLK
VICR CSIQ JKS NFLX LNG SPWR MCD
KBH CMG .....
BLOG does NOT give buy or sell.
Saleem
Monday, July 22, 2019
Indices closed UP .07% to .71%....NICE !!!!
Indices closed UP.
S&P 500 @ 2985.03, high 2990.71, low 2976.65
RSI @ 57.87
CMF @ 0.069
Internals were :
Down volume led by 1.03 to 1 in NYSE & .71 to 1 in Nasdaq
Declining stocks led by 1.06 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & lows by 46 in Nasdaq
VIX Down 6.37% @ 13.53
Oil @ $56.22
Gold @ $1426 .90
Stocks which closed UP 1% or more included FB NEM TWTR
AMD NVDA UBER MU LRCX AMAT SHOP AMZN ROKU
AAPL JKS QRVO ALDR TK MA OSTK MSFT SWKS TSM
XLNX X CNX....
AH news...PRCP UP 11.63%, FLR UP 5.3%
ACAD Down 15.63%, CCO Down 7.16%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed higher due to earnings hope but internals were mostly negative. SOX was strong due to upgrade by GS of MU LRCX & AMAT. Keep an eye on earnings reaction and its guidance. This is a critical week based on how we close and stocks close day after earnings.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2985.03, high 2990.71, low 2976.65
RSI @ 57.87
CMF @ 0.069
Internals were :
Down volume led by 1.03 to 1 in NYSE & .71 to 1 in Nasdaq
Declining stocks led by 1.06 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & lows by 46 in Nasdaq
VIX Down 6.37% @ 13.53
Oil @ $56.22
Gold @ $1426 .90
Stocks which closed UP 1% or more included FB NEM TWTR
AMD NVDA UBER MU LRCX AMAT SHOP AMZN ROKU
AAPL JKS QRVO ALDR TK MA OSTK MSFT SWKS TSM
XLNX X CNX....
AH news...PRCP UP 11.63%, FLR UP 5.3%
ACAD Down 15.63%, CCO Down 7.16%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed higher due to earnings hope but internals were mostly negative. SOX was strong due to upgrade by GS of MU LRCX & AMAT. Keep an eye on earnings reaction and its guidance. This is a critical week based on how we close and stocks close day after earnings.
BLOG does NOT give buy or sell.
Saleem
Indices UP .07% to .70%....NICE !!!!
Indices are higher after reversing on Friday.
S&P 500 @ 2986.34, high 2987.25, low 2976.65
Internal are positive
Oil UP 64 cents
Gold UP $2.20
Canadian $ Down 40 tick @ .6800
Portfolio CIEN FB IQ NEM SQ TSLA TWTR
Most stocks are UP
@ 2.24 PM following are red
IQ TSLA HUYA MOMO LYFT WB NIU
CRON TLRY CGC FFIV NFLX PANW
SPWR SINA ULTA ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2986.34, high 2987.25, low 2976.65
Internal are positive
Oil UP 64 cents
Gold UP $2.20
Canadian $ Down 40 tick @ .6800
Portfolio CIEN FB IQ NEM SQ TSLA TWTR
Most stocks are UP
@ 2.24 PM following are red
IQ TSLA HUYA MOMO LYFT WB NIU
CRON TLRY CGC FFIV NFLX PANW
SPWR SINA ULTA ....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 21, 2019
Critical week for US stock market.....
This week is extremely critical as to how US stock market reacts to major earnings this week.
Friday's reaction to excellent earning from MSFT is disturbing....
This week earnings reports are being tested against two cross currents, first Federal reserve back peddling expectations of interest rate cut, secondly strange confrontation between UK & Iran in terms of capturing vessels.
I have 3 earnings report which will impact my portfolio as follows :
Wednesday
FB
TSLA
Friday pre market
TWTR
Thursday
GOOG
AMZN
IF we look @ bull bear ratio, it is also flashing warning....
Bulls 58.00%
Bears 16.8%
There is lot of optimism built in those numbers which may not bode well for the market.
Reaction to NFLX, MSFT has been more or less negative.
Friday we closed @ low of the day after opening higher, a reversal day which may have more downside.....
Rotation is happening even steels stocks are showing life.....
A safe strategy could be buying laggards or stocks which are showing new sign of life now....
We have made series of new all time highs recently, it may be time for TAPE to rest and may not reward good earnings report.
A safe strategy may be is to get out on the day of earning and not risk negative reaction, case in point MSFT....
I am quite concerned about this earning season, as we may hear more negative commentary going forward due to ongoing US China trade rift / duties...which is impacting Chinese domestic economy and US companies being hindered to do normal business transactions....
Considering all of the above, a pass on US market for now may not be a bad idea.....
Market needs clarity, there are too many issues hanging over this market.
Overbought may be the last thing this market can handle.....
Good luck with your own strategy and take on this market.
BLOG does NOT give buy or sell.
Saleem
Friday's reaction to excellent earning from MSFT is disturbing....
This week earnings reports are being tested against two cross currents, first Federal reserve back peddling expectations of interest rate cut, secondly strange confrontation between UK & Iran in terms of capturing vessels.
I have 3 earnings report which will impact my portfolio as follows :
Wednesday
FB
TSLA
Friday pre market
TWTR
Thursday
GOOG
AMZN
IF we look @ bull bear ratio, it is also flashing warning....
Bulls 58.00%
Bears 16.8%
There is lot of optimism built in those numbers which may not bode well for the market.
Reaction to NFLX, MSFT has been more or less negative.
Friday we closed @ low of the day after opening higher, a reversal day which may have more downside.....
Rotation is happening even steels stocks are showing life.....
A safe strategy could be buying laggards or stocks which are showing new sign of life now....
We have made series of new all time highs recently, it may be time for TAPE to rest and may not reward good earnings report.
A safe strategy may be is to get out on the day of earning and not risk negative reaction, case in point MSFT....
I am quite concerned about this earning season, as we may hear more negative commentary going forward due to ongoing US China trade rift / duties...which is impacting Chinese domestic economy and US companies being hindered to do normal business transactions....
Considering all of the above, a pass on US market for now may not be a bad idea.....
Market needs clarity, there are too many issues hanging over this market.
Overbought may be the last thing this market can handle.....
Good luck with your own strategy and take on this market.
BLOG does NOT give buy or sell.
Saleem
Friday, July 19, 2019
Indices closed down .25% to .74%....
Indices closed @ low of the day on .25% to .50% reduction debate on Fed rate cut, .25% is all Fed is going to do it.....
S&P 500 2 2976.61, low 2975.86, high 3006.02
RSI @ 55.81
CMF @ 0.011
Internals were :
Down volume led by 1.61 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.29 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 198 in NYSE & 24 in Nasdaq
VIX UP 6.80% @ 14.45
Oil @ $55.63
Gold @ $1426.70
Canadian $ @ .6914
Stocks which closed green included IQ TSLA BZUN
BIDU MOMO LYFT MU LRCX WB SINA VICR
FSLR CSIQ FFIV RIG BABA MGA MSFT X M
TSM CNX.....
In my portfolio....
Sold AMD $33.05
Sold BZUN $52.10
Here is my portfolio weighting :
TSLA 26.00%
FB 25.10%
TWTR 18.60%
CIEN 10.90%
NEM 9.90%
IQ 9.50%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 2 2976.61, low 2975.86, high 3006.02
RSI @ 55.81
CMF @ 0.011
Internals were :
Down volume led by 1.61 to 1 in NYSE & 1.54 to 1 in Nasdaq
Declining stocks led by 1.29 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 198 in NYSE & 24 in Nasdaq
VIX UP 6.80% @ 14.45
Oil @ $55.63
Gold @ $1426.70
Canadian $ @ .6914
Stocks which closed green included IQ TSLA BZUN
BIDU MOMO LYFT MU LRCX WB SINA VICR
FSLR CSIQ FFIV RIG BABA MGA MSFT X M
TSM CNX.....
In my portfolio....
Sold AMD $33.05
Sold BZUN $52.10
Here is my portfolio weighting :
TSLA 26.00%
FB 25.10%
TWTR 18.60%
CIEN 10.90%
NEM 9.90%
IQ 9.50%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, July 18, 2019
Indices closed UP .01% to .36%.....NICE !!!!!
Indices closed UP.
S&P 500 @ 2991.36, high 2998.28, low 2973.09
RSI @ 62.00
CMF @ 0.085
Internals were :
UP volume led by 1.32 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.22 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 161 in NYSE & lows by 9 in Nasdaq
Oil @ $55.30
Gold @ $1428.10
AH news... MSFT UP 2.65%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE struggled again and went down after open but major Indices closed UP, looks like we found support and turned UP. AH earning report from MSFT is a beat all over which is turning futures higher. US planes shot down Iran drone which pushed Gold into a new 7 year high.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2991.36, high 2998.28, low 2973.09
RSI @ 62.00
CMF @ 0.085
Internals were :
UP volume led by 1.32 to 1 in NYSE & 1.33 to 1 in Nasdaq
Advancing stocks led by 1.22 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 161 in NYSE & lows by 9 in Nasdaq
Oil @ $55.30
Gold @ $1428.10
AH news... MSFT UP 2.65%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE struggled again and went down after open but major Indices closed UP, looks like we found support and turned UP. AH earning report from MSFT is a beat all over which is turning futures higher. US planes shot down Iran drone which pushed Gold into a new 7 year high.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .08% to .35%.....
Indices are off their lows and near best level of the day, reaction to poor earnings impacted open and reached support.
S&P 500 @ 2981.91, low 2973.09, high 2987.26
Internals are negative.
Oil Down $1.37
Gold UP $5.10
Canadian $ Down 20 tick @ .6933
VIX UP .57% @ 14.05
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are lower
@ 1.56 PM following are green :
NEM MOMO LYFT AEM GLD MU UAL MTCH
AAL AAPL VICR FSLR AMAT CRUS EXPE
OLED NTNX TK LNG GS MS MA MCD
ULTA SWKS TSM CMG IBM LRCX
XLNX V......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2981.91, low 2973.09, high 2987.26
Internals are negative.
Oil Down $1.37
Gold UP $5.10
Canadian $ Down 20 tick @ .6933
VIX UP .57% @ 14.05
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are lower
@ 1.56 PM following are green :
NEM MOMO LYFT AEM GLD MU UAL MTCH
AAL AAPL VICR FSLR AMAT CRUS EXPE
OLED NTNX TK LNG GS MS MA MCD
ULTA SWKS TSM CMG IBM LRCX
XLNX V......
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 17, 2019
Indices closed down .42% to .65%....
Indices closed down.
S&P 500 @ 2984.42, low 2984.25, high 3005.26
RSI @ 59.60
CMF @ 0.086
Internals were :
Down volume led by 2.25 to 1 in NYSE & 1.96 to 1 in Nasdaq
Declining stocks led by 1.67 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 136 in NYSE & lows by 7 in Nasdaq
VIX UP 8.63% @ 13.97
Oil @ $56.78
Gold @ $1423.30
AH news....EBAY UP 6.02%, URI Down 6.11%,
NFLX Down 11.99%, LLNW Down 16.36%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed @ low of the day, AH earnings reports were disappointing and hitting Futures hard.Thursday could be another bad day @ open, hopefully we may have a better close than open, this pullback is healthy and was needed to position us for better earnings reports.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2984.42, low 2984.25, high 3005.26
RSI @ 59.60
CMF @ 0.086
Internals were :
Down volume led by 2.25 to 1 in NYSE & 1.96 to 1 in Nasdaq
Declining stocks led by 1.67 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 136 in NYSE & lows by 7 in Nasdaq
VIX UP 8.63% @ 13.97
Oil @ $56.78
Gold @ $1423.30
AH news....EBAY UP 6.02%, URI Down 6.11%,
NFLX Down 11.99%, LLNW Down 16.36%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed @ low of the day, AH earnings reports were disappointing and hitting Futures hard.Thursday could be another bad day @ open, hopefully we may have a better close than open, this pullback is healthy and was needed to position us for better earnings reports.
BLOG does NOT give buy or sell.
Saleem
Indices down .04% to .25%.....
Indices are lower despite good earnings from Banks, Indices are digesting gains, keep an eye on close.
S&P 500 @ 2995.74, low 2989.97, high 3005.26
Internals are negative
Oil Down 61 cents
Gold UP $12.50
Canadian $ UP 39 tick @ .6953
VIX UP 2.72% @ 13.21
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are lower
@ 2.06 PM, following are green :
CIEN NEM TSLA SQ AEM GLD MU LRCX
SHOP UAL MTCH FEYE SPLK CRON
FSLR CGC TLRY PRNB CTRP JKS
PANW AMAT BABA OSTK ULTA
KBH .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2995.74, low 2989.97, high 3005.26
Internals are negative
Oil Down 61 cents
Gold UP $12.50
Canadian $ UP 39 tick @ .6953
VIX UP 2.72% @ 13.21
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are lower
@ 2.06 PM, following are green :
CIEN NEM TSLA SQ AEM GLD MU LRCX
SHOP UAL MTCH FEYE SPLK CRON
FSLR CGC TLRY PRNB CTRP JKS
PANW AMAT BABA OSTK ULTA
KBH .....
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 16, 2019
Indices closed down .09% to .43%.....
Indices closed down.
S&P 500 @ 3004.04, low 3001.15, high 3015.02
RSI @ 66.75
CMF @ 0.129
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.20 to 1 in Nasdaq
Declining stocks led by 1.06 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & 39 in Nasdaq
VIX UP 1.42% @ 12.86
Oil @ $57.62
Gold @ $1411.20
AH news....QCOM UP 5.58%, ORN UP 21.69%
CSX Down 6.29%, NUS Down 17.93%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed near low of the day on old issue of China & US trade deadlock, there were some positive development in International arena as Iran is showing willingness to reduce their missile program which US is happy about which resulted in oil slumping mid day. Turnaround Tuesday should be interesting when it comes to closing time.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3004.04, low 3001.15, high 3015.02
RSI @ 66.75
CMF @ 0.129
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.20 to 1 in Nasdaq
Declining stocks led by 1.06 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & 39 in Nasdaq
VIX UP 1.42% @ 12.86
Oil @ $57.62
Gold @ $1411.20
AH news....QCOM UP 5.58%, ORN UP 21.69%
CSX Down 6.29%, NUS Down 17.93%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed near low of the day on old issue of China & US trade deadlock, there were some positive development in International arena as Iran is showing willingness to reduce their missile program which US is happy about which resulted in oil slumping mid day. Turnaround Tuesday should be interesting when it comes to closing time.
BLOG does NOT give buy or sell.
Saleem
Indices down .09% to .52%.....
Indices were mixed before a tweet soured this TAPE, tweet mentioned lack of progress in trade talks with China. Indices are @ low of the day.
S&P 500 @ 3003.24, low 3001.15, high 3015.02
Internals are negative
Oil Down $2.35
Gold Down $4.00
Canadian $ Down 27 tick @ .6926
VIX UP 2.44% @ 12.99
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are down
@ 2.07 PM following are green :
CIEN LYFT LULU UAL FEYE ROKU AAL PHM
CRON CGC PRNB BABA EXPE GOOG OLED
WYNN LVS GS TRIP MGA OSTK ULTA KBH
CMG X......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3003.24, low 3001.15, high 3015.02
Internals are negative
Oil Down $2.35
Gold Down $4.00
Canadian $ Down 27 tick @ .6926
VIX UP 2.44% @ 12.99
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are down
@ 2.07 PM following are green :
CIEN LYFT LULU UAL FEYE ROKU AAL PHM
CRON CGC PRNB BABA EXPE GOOG OLED
WYNN LVS GS TRIP MGA OSTK ULTA KBH
CMG X......
BLOG does NOT give buy or sell.
Saleem
Monday, July 15, 2019
Indices closed UP .02% to .17%...NICE !!!!
Indices closed UP.
S&P 500 @ 3014.30, high 3017.80, low 3008.77
RSI @ 70.95
CMF @ 0.135
Internals were :
Down volume led by 1.42 to 1 in NYSE & .86 to 1 in Nasdaq
Declining stocks led by .97 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 252 in NYSE & 74 in Nasdaq
VIX UP 2.34% @ 12.68
Oil @ $59.58
Gold @ $1413.50
AH news....EGLE Down 9.32%, NMRK Down 7.69%
TBBK UP 9.35%, JBHT UP 7.94%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was Mixed most of the day with Nasdaq showing green most of the day, @ close DOW, S&P 500 and Nasdaq all closed green, a very bullish end of the day performance. SO we have highest all time close in 3 key indices. Many stocks are showing strong technical breakout like AMD making new highs @ close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3014.30, high 3017.80, low 3008.77
RSI @ 70.95
CMF @ 0.135
Internals were :
Down volume led by 1.42 to 1 in NYSE & .86 to 1 in Nasdaq
Declining stocks led by .97 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 252 in NYSE & 74 in Nasdaq
VIX UP 2.34% @ 12.68
Oil @ $59.58
Gold @ $1413.50
AH news....EGLE Down 9.32%, NMRK Down 7.69%
TBBK UP 9.35%, JBHT UP 7.94%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was Mixed most of the day with Nasdaq showing green most of the day, @ close DOW, S&P 500 and Nasdaq all closed green, a very bullish end of the day performance. SO we have highest all time close in 3 key indices. Many stocks are showing strong technical breakout like AMD making new highs @ close.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after Chinese GDP came in @ slowest pace in 27 years. Only Nasdaq trying to stay green.
S&P 500 @ 3011.01, low 3008.77, high 3017.80
Internals are negative.
Oil Down 58 cents
Gold UP $1.50
Canadian $ Down 15 tick @ .6956
VIX UP 3.55% @ 12.83
In my portfolio...Bought FB @ $203.00
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are down
@ 1.50 PM following are green by 1% or more :
AMD BZUN TSLA TWTR SHOP SPLK VICR
CRON CGC BABA JKS OLED PANW YY
WYNN TRIP SINA SWKS TSM X....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3011.01, low 3008.77, high 3017.80
Internals are negative.
Oil Down 58 cents
Gold UP $1.50
Canadian $ Down 15 tick @ .6956
VIX UP 3.55% @ 12.83
In my portfolio...Bought FB @ $203.00
Portfolio AMD BZUN CIEN FB IQ NEM TSLA TWTR
Most stocks are down
@ 1.50 PM following are green by 1% or more :
AMD BZUN TSLA TWTR SHOP SPLK VICR
CRON CGC BABA JKS OLED PANW YY
WYNN TRIP SINA SWKS TSM X....
BLOG does NOT give buy or sell.
Saleem
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