Indices closed mixed with a slight loss in Nasdaq while DOW & S&P 500 closed green. It was a nice push higher @ close.
S&P 500 @ 2926.46, high 2940.43, low 2913.32
RSI @ 51.92
CMF @ 0.131
Internals were :
UP volume led by 1.63 to 1 in NYSE & 1.01 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & 1.05 to 1 in Nasdaq
Net new 52 wk highs were leading by 156 in NYSE & lows by 11 in Nasdaq
VIX UP 5.15% @ 18.98
Oil @ $55.10
Gold @ $1529.40
Canadian $ @ .6706
Stocks which closed green included BZUN TWTR
JKS MOMO HUYA TSLA MU ROKU AMAT
BABA PANW YY WYNN MGA MS SINA
TSM LRCX...
Here is my portfolio weighting :
AMD 26.80%
CIEN 20.10%
TWTR 18.20%
BZUN 18.00%
SPWR 9.80%
MRVL 7.10%
Next post by 6 PM on Monday.
BLOG does NOT give buy or sell.
Saleem
Friday, August 30, 2019
Thursday, August 29, 2019
Indices closed UP 1.25% to 1.48%...NICE !!!!
Indices closed UP.
S&P 500 @ 2924.58, high 2930.50, low 2905.67
RSI @ 51.67
CMF @ 0.138
Internals were :
UP volume led by 4.96 to 1 in NYSE & 3.70 to 1 in Nasdaq
Advancing stocks led by 3.24 to 1 in NYSE & 2.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & lows by 6 in Nasdaq
VIX Down 7.60% @ 17.88
Oil @ $56.71
Gold @ $1536.90
Stocks which were UP 2% or more AMD BZUN CIEN MRVL
LSCC MOMO FB IQ HUYA TSLA NVDA MU LRCX WB ROKU
AMAT BABA QRVO NTNX MS SU ULTA SWKS NKE XLNX
X CNX.....
AH news....ULTA Down 21.51%, MRVL Down 6.82%
AMBA UP 19.17%, DELL UP 9.02%
MRVL reported a beat in Sales and EPS in Q 2, its guidance was lower than consensus due to HUAWEI impact and ongoing trade issues. MRVL is still guiding sequential increase in Sales and EPS for Q 3. Conference call was upbeat and extremely confident going forward.
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day. Internals were strong. Market has found its footing and will move on news and earnings flow. Earnings tonight are mixed and will react accordingly. It is good to have a diversified portfolio to benefit from rotation.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2924.58, high 2930.50, low 2905.67
RSI @ 51.67
CMF @ 0.138
Internals were :
UP volume led by 4.96 to 1 in NYSE & 3.70 to 1 in Nasdaq
Advancing stocks led by 3.24 to 1 in NYSE & 2.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & lows by 6 in Nasdaq
VIX Down 7.60% @ 17.88
Oil @ $56.71
Gold @ $1536.90
Stocks which were UP 2% or more AMD BZUN CIEN MRVL
LSCC MOMO FB IQ HUYA TSLA NVDA MU LRCX WB ROKU
AMAT BABA QRVO NTNX MS SU ULTA SWKS NKE XLNX
X CNX.....
AH news....ULTA Down 21.51%, MRVL Down 6.82%
AMBA UP 19.17%, DELL UP 9.02%
MRVL reported a beat in Sales and EPS in Q 2, its guidance was lower than consensus due to HUAWEI impact and ongoing trade issues. MRVL is still guiding sequential increase in Sales and EPS for Q 3. Conference call was upbeat and extremely confident going forward.
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was strong and closed near high of the day. Internals were strong. Market has found its footing and will move on news and earnings flow. Earnings tonight are mixed and will react accordingly. It is good to have a diversified portfolio to benefit from rotation.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.41% to 1.71%...NICE !!!!
Indices are @ their high of the day due to major development in China US trade dispute, first negotiation have started @ much higher level than before means decision makers are involved and China is not imposing any September 1st retaliatory tariff.
S&P 500 @ 2930.19, high 2930.37, low 2905.67
Internals are positive by 4 to 1
Oil UP 47 cents
Gold Down $14.20
Canadian $ UP 10 tick @ .6705
VIX Down 7.65% @ 17.87
Portfolio AMD BZUN CIEN MRVL SPWR TWTR
Most stocks are UP
@ 2.16 PM following are red :
NEM AEM GLD CGC TLRY OSTK....
After close MRVL reports, here are the expectations :
Sales Q 2 $652.05 million, EPS 15 cents
Guidance Sales Q 3 $697.58 million, EPS 21 cents
Expecting a beat and in-line guidance!
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2930.19, high 2930.37, low 2905.67
Internals are positive by 4 to 1
Oil UP 47 cents
Gold Down $14.20
Canadian $ UP 10 tick @ .6705
VIX Down 7.65% @ 17.87
Portfolio AMD BZUN CIEN MRVL SPWR TWTR
Most stocks are UP
@ 2.16 PM following are red :
NEM AEM GLD CGC TLRY OSTK....
After close MRVL reports, here are the expectations :
Sales Q 2 $652.05 million, EPS 15 cents
Guidance Sales Q 3 $697.58 million, EPS 21 cents
Expecting a beat and in-line guidance!
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 28, 2019
Indices closed UP .38% to 1.00%....NICE !!!!
Indices closed UP.
S&P 500 @ 2887.94, high 2890.07, low 2853.05
RSI @ 46.80
CMF @ 0.064
Internals were :
UP volume led by 4.57 to 1 in NYSE & 2.58 to 1 in Nasdaq
Advancing stocks led by 2.43 to 1 in NYSE & 2.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & lows by 87
Oil @ $55.78
Gold @ $1549.10
Stocks which were UP 1% or more included AMD BZUN CIEN
SPWR MOMO HUYA MU LULU LRCX WB VICR TLRY
CRON CGC CSIQ JKS NTNX LNG WYNN GS TRIP SU
MGA MS ULTA NKE KBH IBM X M CNX......
AH news....NTNX UP 18.88%, SPWH UP 10.69%
ESTC UP 10.08%, BOX Down 7.45%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE defied common wisdom and rallied against much dreaded inverted yield, which proves either this issue has been played out or better energy prices is a better indicator of no recession. Most sectors participated in today's rally as internals were strong.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2887.94, high 2890.07, low 2853.05
RSI @ 46.80
CMF @ 0.064
Internals were :
UP volume led by 4.57 to 1 in NYSE & 2.58 to 1 in Nasdaq
Advancing stocks led by 2.43 to 1 in NYSE & 2.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & lows by 87
Oil @ $55.78
Gold @ $1549.10
Stocks which were UP 1% or more included AMD BZUN CIEN
SPWR MOMO HUYA MU LULU LRCX WB VICR TLRY
CRON CGC CSIQ JKS NTNX LNG WYNN GS TRIP SU
MGA MS ULTA NKE KBH IBM X M CNX......
AH news....NTNX UP 18.88%, SPWH UP 10.69%
ESTC UP 10.08%, BOX Down 7.45%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE defied common wisdom and rallied against much dreaded inverted yield, which proves either this issue has been played out or better energy prices is a better indicator of no recession. Most sectors participated in today's rally as internals were strong.
BLOG does NOT give buy or sell.
Saleem
Indices UP .25% to .85%....NICE !!!!
Indices are higher despite inverted yield, a good sign that traders and Investors are ignoring this inversion.
S&P 500 @ 2884.08, high 2887.63, low 2853.05
Internals are positive
Oil UP 67 cents
Gold UP 10 cents
Canadian $ Down 14 tick @ .6706
VIX Down 4.63% @ 19.37
Portfolio AMD BZUN CIEN MRVL SPWR TWTR
Most stocks are UP.
@ 2.29 PM following are red :
TWTR FB LYFT UBER SHOP AMZN MTCH
FEYE NIU ROKU PHM SPLK PANW QRVO
ORCL MSFT CMG.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2884.08, high 2887.63, low 2853.05
Internals are positive
Oil UP 67 cents
Gold UP 10 cents
Canadian $ Down 14 tick @ .6706
VIX Down 4.63% @ 19.37
Portfolio AMD BZUN CIEN MRVL SPWR TWTR
Most stocks are UP.
@ 2.29 PM following are red :
TWTR FB LYFT UBER SHOP AMZN MTCH
FEYE NIU ROKU PHM SPLK PANW QRVO
ORCL MSFT CMG.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 27, 2019
Indices closed down .32% to .47%....
Indices closed down.
S&P 500 @ 2869.16, low 2860.59, high 2898.74
RSI @ 44.12
CMF @ 0.013
Internals were :
Down volume led by 2.09 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 2.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 46 in NYSE & 138 in Nasdaq
VIX UP 5.12% @ 20.31
Oil @ $54.93
Gold @ $1551.80
AH news.....ADSK Down 10.59%, SPAR Down 14.15%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE showed tremendous resiliency against a backdrop of serious inverted yield, that shows that we may have discounted either fear of recession or yield may go positive the way it should be, so today was an aberration of economic jitters. As we closed mildly negative in Indices, we may be heading higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2869.16, low 2860.59, high 2898.74
RSI @ 44.12
CMF @ 0.013
Internals were :
Down volume led by 2.09 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 2.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 46 in NYSE & 138 in Nasdaq
VIX UP 5.12% @ 20.31
Oil @ $54.93
Gold @ $1551.80
AH news.....ADSK Down 10.59%, SPAR Down 14.15%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE showed tremendous resiliency against a backdrop of serious inverted yield, that shows that we may have discounted either fear of recession or yield may go positive the way it should be, so today was an aberration of economic jitters. As we closed mildly negative in Indices, we may be heading higher.
BLOG does NOT give buy or sell.
Saleem
Indices down .33% to .42%....
Inverted yield is most pronounced today than any other day causing Indices to turn lower. Green open lasted until inverted bond yield showed up.
S&P 500 @ 2869.61, low 2860.59, high 2898.79
Internals are negative by 2 to 1
Oil UP $1.07
Gold UP $14.40
Canadian $ Down 27 tick @ .6720
VIX UP 4.61% @ 20.21
In my portfolio ...Bought MRVL @ $23.37
Portfolio AMD BZUN CIEN MRVL SPWR TWTR
Most stocks are down
@ 2.28 PM following are green :
BZUN TWTR LSCC MOMO FB NEM AEM GLD
ROKU PHM JKS YY YELP LVS MGA ORCL
OSTK MCD MSFT TSM CMG IBM ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2869.61, low 2860.59, high 2898.79
Internals are negative by 2 to 1
Oil UP $1.07
Gold UP $14.40
Canadian $ Down 27 tick @ .6720
VIX UP 4.61% @ 20.21
In my portfolio ...Bought MRVL @ $23.37
Portfolio AMD BZUN CIEN MRVL SPWR TWTR
Most stocks are down
@ 2.28 PM following are green :
BZUN TWTR LSCC MOMO FB NEM AEM GLD
ROKU PHM JKS YY YELP LVS MGA ORCL
OSTK MCD MSFT TSM CMG IBM ....
BLOG does NOT give buy or sell.
Saleem
Monday, August 26, 2019
Indices closed UP 1.05% to 1.32%....NICE !!!!
Indices closed UP.
S&P 500 @ 2878.38, high 2879.29, low 2856.00
RSI @ 45.16
CMF @ 0.060
Internals were :
UP volume led by 2.85 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 1.92 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & 100 in Nasdaq
VIX Down 2.77% @ 19.32
Oil @ $53.64
Gold @ $1537.20
Stocks which were UP 2% or more included AMD SPWR
MOMO IQ HUYA LYFT ROKU FSLR PRNB JKS MGA
MS ULTA NKE CMG.....
AH news....BZH UP 12.7%, RUBI UP 8.16%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE recovered nicely on optimism about China & US trade talks. This market has gone through ringer on hourly tweets about yes / no / yes / no approach, nobody factored this in their Investment 101. Most sectors participated in today's deeply oversold bounce, we must close strongly on Tuesday to confirm that trend has reversed.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2878.38, high 2879.29, low 2856.00
RSI @ 45.16
CMF @ 0.060
Internals were :
UP volume led by 2.85 to 1 in NYSE & 2.46 to 1 in Nasdaq
Advancing stocks led by 1.92 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & 100 in Nasdaq
VIX Down 2.77% @ 19.32
Oil @ $53.64
Gold @ $1537.20
Stocks which were UP 2% or more included AMD SPWR
MOMO IQ HUYA LYFT ROKU FSLR PRNB JKS MGA
MS ULTA NKE CMG.....
AH news....BZH UP 12.7%, RUBI UP 8.16%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE recovered nicely on optimism about China & US trade talks. This market has gone through ringer on hourly tweets about yes / no / yes / no approach, nobody factored this in their Investment 101. Most sectors participated in today's deeply oversold bounce, we must close strongly on Tuesday to confirm that trend has reversed.
BLOG does NOT give buy or sell.
Saleem
Indices UP .63% to .68%....NICE !!!!
Indices are UP on renewed hope for trade talk between USA & CHINA.....
S&P 500 @ 2865.62, high 2878.52, low 2856.00
Internals are positive.
Oil Down 45 cents
Gold UP $1.90
Canadian $ UP 15 tick @ .6739
VIX UP 2.21% @ 20.31
Portfolio AMD BZUN CIEN SPWR TWTR
Most stocks are UP
@ 2.26 PM following are red :
UBER MTCH FEYE NIU AAL SPLK
MRVL YY NTNX FEYE WYNN
TRIP OSTK KBH IBM LRCX
X M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2865.62, high 2878.52, low 2856.00
Internals are positive.
Oil Down 45 cents
Gold UP $1.90
Canadian $ UP 15 tick @ .6739
VIX UP 2.21% @ 20.31
Portfolio AMD BZUN CIEN SPWR TWTR
Most stocks are UP
@ 2.26 PM following are red :
UBER MTCH FEYE NIU AAL SPLK
MRVL YY NTNX FEYE WYNN
TRIP OSTK KBH IBM LRCX
X M.....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 25, 2019
Selling continues.....
Indices are in freefall.....
Too many negatives to get inflow
Range bound market is @ low end of range and ready to breakdown.
News is negative on many front....
Fed not as supportive as needed...
IF Fed react on Monday...then we may have temporary relief but it may not sustain.
Trade fiasco between US & China is completely in neverland.....30% tariff is insanity when 4% was the norm on imports in USA....
Inverted yield is giving repeat signal that all is not well in US economy, but it is being ignored by Fed & US administration.....a recipe for further selling in equities...
Russell 2000 already closed @ low.....small caps are the backbone of economy, IF they go down first other indices will follow....
SOX is flashing trouble sign with Chinese exposure, IF they go down further Nasdaq will tank....
Great earnings reports have lost all the gains....GOOG CRM comes to mind......
SO...we all wait for Indices to flush out last holdouts ......
This selling climax may not resolve all the issues only Fed may see the light by jumping in with a cut in Fed funds rates.....
Good luck with your own analysis and comfort level with this crazy turn of events....
BLOG does NOT give buy or sell.
Saleem
Too many negatives to get inflow
Range bound market is @ low end of range and ready to breakdown.
News is negative on many front....
Fed not as supportive as needed...
IF Fed react on Monday...then we may have temporary relief but it may not sustain.
Trade fiasco between US & China is completely in neverland.....30% tariff is insanity when 4% was the norm on imports in USA....
Inverted yield is giving repeat signal that all is not well in US economy, but it is being ignored by Fed & US administration.....a recipe for further selling in equities...
Russell 2000 already closed @ low.....small caps are the backbone of economy, IF they go down first other indices will follow....
SOX is flashing trouble sign with Chinese exposure, IF they go down further Nasdaq will tank....
Great earnings reports have lost all the gains....GOOG CRM comes to mind......
SO...we all wait for Indices to flush out last holdouts ......
This selling climax may not resolve all the issues only Fed may see the light by jumping in with a cut in Fed funds rates.....
Good luck with your own analysis and comfort level with this crazy turn of events....
BLOG does NOT give buy or sell.
Saleem
Friday, August 23, 2019
Indices closed down 2.37% to 3.00%...
Indices closed sharply lower and near major support on everything going wrong for investors and traders. First China retaliated with earlier duties than US, then Fed Chief said nothing new then Trump called enemy to both Chinese head of state and Fed chief.....then Trump ordered US companies to take their business away from China, last tweet imposition of duties much earlier on Chinese goods...Tariff war is in final stages..last salvo fired by both US & China......DOW slumped 700 points before closing @ down 623....
S&P 500 @ 2847.11, low 2834.97, high 2927.01
RSI @ 40.78
CMF @ 0.033
Internals were :
Down volume led by 10.35 to 1 in NYSE & 5.48 to 1 in Nasdaq
Declining stocks led by 4.57 to 1 in NYSE & 5.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 10 in NYSE & 123 in Nasdaq
VIX UP 19.12% @ 19.87...quite tame considering trade tension???
Oil @ $54.17
Gold @ $1537.60
Canadian $ @ .6677
Stocks which closed green included NEM AEM GLD
SPLK NTNX....
Here is my portfolio weighting :
AMD 28.50%
CIEN 22.30%
TWTR 19.80%
BZUN 18.00%
SPWR 11.40%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2847.11, low 2834.97, high 2927.01
RSI @ 40.78
CMF @ 0.033
Internals were :
Down volume led by 10.35 to 1 in NYSE & 5.48 to 1 in Nasdaq
Declining stocks led by 4.57 to 1 in NYSE & 5.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 10 in NYSE & 123 in Nasdaq
VIX UP 19.12% @ 19.87...quite tame considering trade tension???
Oil @ $54.17
Gold @ $1537.60
Canadian $ @ .6677
Stocks which closed green included NEM AEM GLD
SPLK NTNX....
Here is my portfolio weighting :
AMD 28.50%
CIEN 22.30%
TWTR 19.80%
BZUN 18.00%
SPWR 11.40%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, August 22, 2019
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2922.95, low 2904.51, high 2939.08
RSI @ 49.73
CMF @ 0.106
Internals were :
Down volume led by 1.09 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 145 in NYSE & 21 in Nasdaq
VIX UP 5.54% @ 16.68
Oil @ $55.34
Gold @ $1508.50
AH news...ARMK UP 7.48%, CRM UP 6.45%
HPQ Down 6.29%, VMW Down 5.33%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was in a narrow range both UP & Down, waiting for Fed Chief to speak his mind once again, is it going to be any different than minutes or policy statement, I think not. Market may not like status quo on rates policy and may react negatively. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2922.95, low 2904.51, high 2939.08
RSI @ 49.73
CMF @ 0.106
Internals were :
Down volume led by 1.09 to 1 in NYSE & 1.24 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 145 in NYSE & 21 in Nasdaq
VIX UP 5.54% @ 16.68
Oil @ $55.34
Gold @ $1508.50
AH news...ARMK UP 7.48%, CRM UP 6.45%
HPQ Down 6.29%, VMW Down 5.33%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was in a narrow range both UP & Down, waiting for Fed Chief to speak his mind once again, is it going to be any different than minutes or policy statement, I think not. Market may not like status quo on rates policy and may react negatively. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed after higher open then gone red and now Nasdaq is red alone. All eyes on Fed Chief address in Wyoming USA. Inverted yield is scaring everyone again.
S&P 500 @ 2924.67, high 2939.08, low 2904.51
Internals are negative
Oil Down 1 cents
Gold Down $5.89
Canadian $ Down 5 tick .6706
VIX UP 5.06% @ 16.60
In my portfolio :
Sold CRON @ $11.71
Bought TWTR @ $42.08
Portfolio AMD BZUN CIEN SPWR TWTR
Most stocks are down
@ 2.19 PM following are green :
TSLA NVDA MU LULU LRCX NIU VICR
NTNX AMAT GS MS MGA OSTK ULTA
NKE M CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2924.67, high 2939.08, low 2904.51
Internals are negative
Oil Down 1 cents
Gold Down $5.89
Canadian $ Down 5 tick .6706
VIX UP 5.06% @ 16.60
In my portfolio :
Sold CRON @ $11.71
Bought TWTR @ $42.08
Portfolio AMD BZUN CIEN SPWR TWTR
Most stocks are down
@ 2.19 PM following are green :
TSLA NVDA MU LULU LRCX NIU VICR
NTNX AMAT GS MS MGA OSTK ULTA
NKE M CNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 21, 2019
Indices closed UP .82% to .93%....NICE !!!!
Indices closed UP.
S&P 500 @ 2924.43, high 2928.73, low 2917.91
RSI @ 49.93
CMF @ 0.087
Internals were :
UP volume led by 2.47 to 1 in NYSE & 2.11 to 1 in Nasdaq
Advancing stocks led by 2.51 to 1 in NYSE & 2.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 181 in NYSE & 11 in Nasdaq
VIX Down 9.71% @ 15.80
Oil @ $55.68
Gold @ $1515.70
Stocks which were UP 1% or more included AMD CRON TWTR
LSCC MOMO IQ HUYA SQ LULU SHOP AMZN MTCH NIU
ROKU AAPL SPLK FSLR TLRY CSIQ OLED PANW TK
QRVO LNG YELP MA MGA OSTK MCD MSFT ULTA
SWKS TSM NKE.....
AH news....JWN UP 12.17%, ARRY UP 7.91%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed near high of the day on better than expected retail earnings from LOW & TGT. Fed minutes did not give a clear cut policy indication lot of talk about Tariff dispute with China may impact US economy. All Indices are still below 50 DMA BUT BUT Nasdaq is only 28 points away and could lead other Indices above 50 DMA.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2924.43, high 2928.73, low 2917.91
RSI @ 49.93
CMF @ 0.087
Internals were :
UP volume led by 2.47 to 1 in NYSE & 2.11 to 1 in Nasdaq
Advancing stocks led by 2.51 to 1 in NYSE & 2.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 181 in NYSE & 11 in Nasdaq
VIX Down 9.71% @ 15.80
Oil @ $55.68
Gold @ $1515.70
Stocks which were UP 1% or more included AMD CRON TWTR
LSCC MOMO IQ HUYA SQ LULU SHOP AMZN MTCH NIU
ROKU AAPL SPLK FSLR TLRY CSIQ OLED PANW TK
QRVO LNG YELP MA MGA OSTK MCD MSFT ULTA
SWKS TSM NKE.....
AH news....JWN UP 12.17%, ARRY UP 7.91%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed near high of the day on better than expected retail earnings from LOW & TGT. Fed minutes did not give a clear cut policy indication lot of talk about Tariff dispute with China may impact US economy. All Indices are still below 50 DMA BUT BUT Nasdaq is only 28 points away and could lead other Indices above 50 DMA.
BLOG does NOT give buy or sell.
Saleem
Indices UP .86% to 1.06%...NICE !!!!
Indices are higher because Denmark said NO to Greenland sale to " the Donald "?...TGT LOW good earnings is being touted as the-reason....how about HD in same Industry.....
S&P 500 @ 2924.33, high 2928.73, low 2917.91
Internals are positive by minimum 2 to 1
Oil Down 8 cents
Gold Down $1.50
Canadian $ UP 28 tick @ .6714
VIX Down 9.77% @ 15.79
In my portfolio :
Sold TWTR @ $43.25
Sold FB @ $184.90
Added 100% BZUN @ $45.80
BZUN earning report for Q 2 was a decent beat in Sales & EPS, guidance for Q 3 was higher than consensus for Sales.....so where is the problem....who knows......only Down 12.80%...they could take it down to any level they want...because they could......
Portfolio AMD BZUN CIEN CRON SPWR......
Most stocks are UP
@ 2.18 PM following are red :
BZUN SPWR BIDU TSLA WB CGC BABA
CTRP YY SINA X CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2924.33, high 2928.73, low 2917.91
Internals are positive by minimum 2 to 1
Oil Down 8 cents
Gold Down $1.50
Canadian $ UP 28 tick @ .6714
VIX Down 9.77% @ 15.79
In my portfolio :
Sold TWTR @ $43.25
Sold FB @ $184.90
Added 100% BZUN @ $45.80
BZUN earning report for Q 2 was a decent beat in Sales & EPS, guidance for Q 3 was higher than consensus for Sales.....so where is the problem....who knows......only Down 12.80%...they could take it down to any level they want...because they could......
Portfolio AMD BZUN CIEN CRON SPWR......
Most stocks are UP
@ 2.18 PM following are red :
BZUN SPWR BIDU TSLA WB CGC BABA
CTRP YY SINA X CNX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 20, 2019
Indices closed down .66% to .79%....
Indices closed down.
S&P 500 @ 2900.51, low 2899.60, high 2923.63
RSI @ 46.73
CMF @ 0.125
Internals were :
Down volume led by 2.43 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & lows by 2 in Nasdaq
VIX UP 3.67% @ 17.50
Oil @ $56.13
Gold @ $1515.70
AH news....HSII UP 10.01%, CREE Down 3.85%
NCR Down 4.76%, UIS Down 4.89%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed @ low of the day, an attempt to rally mid day was met with selling. Internals were mostly negative. I will call this day a rest day for Indices with a negative bias. Market is waiting for news IF positive, we will rally and cross some key technical hurdles like 50 DMA.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2900.51, low 2899.60, high 2923.63
RSI @ 46.73
CMF @ 0.125
Internals were :
Down volume led by 2.43 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & lows by 2 in Nasdaq
VIX UP 3.67% @ 17.50
Oil @ $56.13
Gold @ $1515.70
AH news....HSII UP 10.01%, CREE Down 3.85%
NCR Down 4.76%, UIS Down 4.89%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed @ low of the day, an attempt to rally mid day was met with selling. Internals were mostly negative. I will call this day a rest day for Indices with a negative bias. Market is waiting for news IF positive, we will rally and cross some key technical hurdles like 50 DMA.
BLOG does NOT give buy or sell.
Saleem
Indices down .40% to .59%.....
Indices are lower on no news to boost while everyone is keeping an eye on Bond yield which is drifting lower today.
S&P 500 @ 2907.81, low 2904.24, high 2923.63
Internals are negative
Oil UP 21 cents
Gold UP $4.90
Canadian $ UP 10 tick @ .6687
VIX UP 1.6% @ 17.15
Portfolio AMD BZUN CIEN CRON FB SPWR TWTR
Most stocks are lower
@ 2.29 PM following are green :
BZUN SPWR TWTR BIDU LYFT UBER NEM AEM
GLD LULU FEYE NIU AAPL SPLK VICR CGC
PANW QRVO WYNN LVS OSTK KBH....
BZUN reports before open Wednesday, here are the expectations :
Q 2 Sales $224.54 millions, EPS 18 cents
Guidance Q 3 Sales $214.20 million, EPS 20 cents
Expecting a beat and in-line guidance.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2907.81, low 2904.24, high 2923.63
Internals are negative
Oil UP 21 cents
Gold UP $4.90
Canadian $ UP 10 tick @ .6687
VIX UP 1.6% @ 17.15
Portfolio AMD BZUN CIEN CRON FB SPWR TWTR
Most stocks are lower
@ 2.29 PM following are green :
BZUN SPWR TWTR BIDU LYFT UBER NEM AEM
GLD LULU FEYE NIU AAPL SPLK VICR CGC
PANW QRVO WYNN LVS OSTK KBH....
BZUN reports before open Wednesday, here are the expectations :
Q 2 Sales $224.54 millions, EPS 18 cents
Guidance Q 3 Sales $214.20 million, EPS 20 cents
Expecting a beat and in-line guidance.....
BLOG does NOT give buy or sell.
Saleem
Monday, August 19, 2019
Indices closed UP .96% to 1.35%...NICE !!!!
Indices closed UP.
S&P 500 @ 2923.65, high 2931.00, low 2913.48
RSI @ 49.57
CMF @ 0.201
Internals were :
UP volume led by 3.46 to 1 in NYSE & 2.97 to 1 in Nasdaq
Advancing stocks led by 2.77 to 1 in NYSE & 2.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 197 in NYSE & 19 in Nasdaq
VIX Down 8.61% @ 16.88
Oil @ $56.14
Gold @ $1511.60
Stocks which were UP 2% or more included BZUN CIEN SPWR
TWTR BIDU MOMO IQ TSLA CSIQ NFLX YY NTNX CHK
TK RIG WYNN LVS SINA OSTK KBH X CNX NIU ROKU
FSLR BABA CSIQ NFLX......
AH news....BIDU UP 8.33%, CNQ UP 5.49%
IQ Down 9.24%.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed UP on optimism about no recession and possibility of trade deal between US & CHINA. Technology had a good day today due to HUAWEI now OK for further 90 days. Sounds like a relief rally today for technology. Let us see how we close on Tuesday to know the technical health of this market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2923.65, high 2931.00, low 2913.48
RSI @ 49.57
CMF @ 0.201
Internals were :
UP volume led by 3.46 to 1 in NYSE & 2.97 to 1 in Nasdaq
Advancing stocks led by 2.77 to 1 in NYSE & 2.45 to 1 in Nasdaq
Net new 52 wk highs were leading by 197 in NYSE & 19 in Nasdaq
VIX Down 8.61% @ 16.88
Oil @ $56.14
Gold @ $1511.60
Stocks which were UP 2% or more included BZUN CIEN SPWR
TWTR BIDU MOMO IQ TSLA CSIQ NFLX YY NTNX CHK
TK RIG WYNN LVS SINA OSTK KBH X CNX NIU ROKU
FSLR BABA CSIQ NFLX......
AH news....BIDU UP 8.33%, CNQ UP 5.49%
IQ Down 9.24%.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed UP on optimism about no recession and possibility of trade deal between US & CHINA. Technology had a good day today due to HUAWEI now OK for further 90 days. Sounds like a relief rally today for technology. Let us see how we close on Tuesday to know the technical health of this market.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.08% to 1.57%....NICE !!!!
Indices are higher on optimism about China US trade talks and bond yield ticking higher.
S&P 500 @ 2927.35, high 2931.00, low 2913.48
Internals are positive by minimum 3 to 1
Oil UP $1.09
Gold Down $13.90
Canadian $ Down 52 tick @ .6678
VIX Down 8.34% @ 16.93
In my portfolio...Added 150% SPWR @ $13.20
Portfolio AMD BZUN CIEN CRON FB SPWR TWTR
Most stocks are UP
@ 2.03 PM Following are red :
CRON HUYA LYFT UBER NEM AEM GLD
MTCH FEYE CGC TLRY PANW YELP...
BIDU & IQ reporting tonight....WB & SINA
reported this morning, better than expected earnings.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2927.35, high 2931.00, low 2913.48
Internals are positive by minimum 3 to 1
Oil UP $1.09
Gold Down $13.90
Canadian $ Down 52 tick @ .6678
VIX Down 8.34% @ 16.93
In my portfolio...Added 150% SPWR @ $13.20
Portfolio AMD BZUN CIEN CRON FB SPWR TWTR
Most stocks are UP
@ 2.03 PM Following are red :
CRON HUYA LYFT UBER NEM AEM GLD
MTCH FEYE CGC TLRY PANW YELP...
BIDU & IQ reporting tonight....WB & SINA
reported this morning, better than expected earnings.....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 18, 2019
Is the selling over......
We had relentless selling on old issue like trade with China and some new ones like inverted yield curve, recession......where Indices tested 200 DMA.....
But by end of the week, IF you were away, you will think all the issues old and new are resolved within 72 hours.....
Wall Street always test your conviction, only the bravest or passive investors survives these yoyo moves....
BUT...history will tell us, IF you are patient, all Indices end up making series of new all time highs...a fact known by all but few can see beyond daily panic....
Wall street is known to climb " wall of worry ".....
But we always think these new issues will tank the market.
There are 25% stocks which are doing very well in this crazy market.
But 75% are manipulated perfectly to the tune of their masters by pre-programmed HFT......known as basket trading of ETF...
Most leading Indices RSI is no higher than 45...a perfect oversold condition......SO it is NOT late to get back IN.....
I believe most politicians worldwide are realizing that many self created disputes needs to be resolved otherwise their own economy Will slow down to a very painful level....expect supporting tweets going forward.....all cried uncle last week...yes even the art of tweet.....
NOW...HUAWEI is getting another 90 day approval to buy and sell to US companies...who will benefit the-most SOX and networking stocks which were mauled before...see little patience works out....
Also think Hong Kong issue may see some backtracking and more conciliatory tone in near term....
This is a stage of market where non financials will recover very fast....so be brave and overweight your exposure, even financials may recover.....
SO...good luck with your patience and buy strategically for biggest bang for your Investment $....there is money to be made in short order....
BLOG does NOT give buy or sell.
Saleem
But by end of the week, IF you were away, you will think all the issues old and new are resolved within 72 hours.....
Wall Street always test your conviction, only the bravest or passive investors survives these yoyo moves....
BUT...history will tell us, IF you are patient, all Indices end up making series of new all time highs...a fact known by all but few can see beyond daily panic....
Wall street is known to climb " wall of worry ".....
But we always think these new issues will tank the market.
There are 25% stocks which are doing very well in this crazy market.
But 75% are manipulated perfectly to the tune of their masters by pre-programmed HFT......known as basket trading of ETF...
Most leading Indices RSI is no higher than 45...a perfect oversold condition......SO it is NOT late to get back IN.....
I believe most politicians worldwide are realizing that many self created disputes needs to be resolved otherwise their own economy Will slow down to a very painful level....expect supporting tweets going forward.....all cried uncle last week...yes even the art of tweet.....
NOW...HUAWEI is getting another 90 day approval to buy and sell to US companies...who will benefit the-most SOX and networking stocks which were mauled before...see little patience works out....
Also think Hong Kong issue may see some backtracking and more conciliatory tone in near term....
This is a stage of market where non financials will recover very fast....so be brave and overweight your exposure, even financials may recover.....
SO...good luck with your patience and buy strategically for biggest bang for your Investment $....there is money to be made in short order....
BLOG does NOT give buy or sell.
Saleem
Friday, August 16, 2019
Indices UP 1.20% to 1.67%....NICE !!!!
Indices closed UP near high of the day, after making triple bottom yesterday near 200 DMA. China US seems to be working in secrecy to resolve trade issues. Recession and inverted yield seems to have faded from short memory of Wall Street or HFT traders, It was business as usual.
S&P 500 @ 2888.68, high 2893.63, low 2864.74
RSI @ 44.87
CMF @ 0.202
Internals were :
UP volume led by 8.78 to 1 in NYSE & 4.68 to 1 in Nasdaq
Advancing stocks led by 3.36 to 1 in NYSE & 3.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & lows by 44 in Nasdaq
Oil @ $54.87
Gold @ $1523.60
Canadian $ @ .6716
Stocks which were UP 3% or more included AMD BZUN SPWR
MOMO HUYA NVDA UBER MU LRCX WB FSLR BABA
YY ALDR CHK RIG JKS SINA X CNX.....
Here are my portfolio weighting :
FB 26.70%
AMD 23.60%
CIEN 18.00%
TWTR 16.60%
BZUN 8.20%
CRON 3.50%
SPWR 3.40%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2888.68, high 2893.63, low 2864.74
RSI @ 44.87
CMF @ 0.202
Internals were :
UP volume led by 8.78 to 1 in NYSE & 4.68 to 1 in Nasdaq
Advancing stocks led by 3.36 to 1 in NYSE & 3.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & lows by 44 in Nasdaq
Oil @ $54.87
Gold @ $1523.60
Canadian $ @ .6716
Stocks which were UP 3% or more included AMD BZUN SPWR
MOMO HUYA NVDA UBER MU LRCX WB FSLR BABA
YY ALDR CHK RIG JKS SINA X CNX.....
Here are my portfolio weighting :
FB 26.70%
AMD 23.60%
CIEN 18.00%
TWTR 16.60%
BZUN 8.20%
CRON 3.50%
SPWR 3.40%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 15, 2019
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2847.50, high 2856.67, low 2825.51
RSI @ 38.63
CMF @ 0.129
Internals were :
Down volume led by 1.32 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by .93 to 1 in NYSE & 1.37 to 1 in Nasdaq
Net new 52 wk lows were leading by 131 in NYSE & 240 in Nasdaq
VIX Down 4.16% @ 21.18
Oil @ $54.47
Gold @ $1531.20
AH news....CELG Down 34.89%, ARAY Down 7.19%
ACOR UP 10.69%, NVDA UP 5.59%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE went into another UP then DOWN then higher close, in that process we might have made a triple bottom in all 3 major Indices. 30 year treasury is below 2% which is a historic low, but these days there is a new twist in 2 yr to 30 yr yield depends on what you want to highlight, records are maintained to be broken in a new twitter driven world.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2847.50, high 2856.67, low 2825.51
RSI @ 38.63
CMF @ 0.129
Internals were :
Down volume led by 1.32 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by .93 to 1 in NYSE & 1.37 to 1 in Nasdaq
Net new 52 wk lows were leading by 131 in NYSE & 240 in Nasdaq
VIX Down 4.16% @ 21.18
Oil @ $54.47
Gold @ $1531.20
AH news....CELG Down 34.89%, ARAY Down 7.19%
ACOR UP 10.69%, NVDA UP 5.59%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE went into another UP then DOWN then higher close, in that process we might have made a triple bottom in all 3 major Indices. 30 year treasury is below 2% which is a historic low, but these days there is a new twist in 2 yr to 30 yr yield depends on what you want to highlight, records are maintained to be broken in a new twitter driven world.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .09% to .39%.....
Indices are still struggling despite good earnings from Walmart and conciliatory tone by China on trade.
S&P 500 @ 2836.91, low 2825.51, high 2856.67
Internals are negative
Oil Down 79 cents
Gold UP $6.60
Canadian $ Down 7 tick @ .6676
VIX UP .59% to 22.23
Portfolio AMD BZUN CIEN CRON FB SPWR TWTR
Most stocks are down
@ 2.22 PM following are green :
BZUN FB MOMO HUYA NEM AEM GLD
AMZN WB BABA CSIQ GOOG MA SINA
OSTK MCD TSM CMG XLNX V...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2836.91, low 2825.51, high 2856.67
Internals are negative
Oil Down 79 cents
Gold UP $6.60
Canadian $ Down 7 tick @ .6676
VIX UP .59% to 22.23
Portfolio AMD BZUN CIEN CRON FB SPWR TWTR
Most stocks are down
@ 2.22 PM following are green :
BZUN FB MOMO HUYA NEM AEM GLD
AMZN WB BABA CSIQ GOOG MA SINA
OSTK MCD TSM CMG XLNX V...
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 14, 2019
Indices closed down 2.93% to 3.05%......
Indices closed down.
S&P 500 @ 2840.60, low 2839.64, high 2894.15
RSI @ 37.51
CMF @ 0.141
Internals were :
Down volume led by 16.26 to 1 in NYSE & 5.13 to 1 in Nasdaq
Declining stocks led by 4.46 to 1 in NYSE & 5.32 to 1 in Nasdaq
Net new 52 wk lows were leading by 197 in NYSE & 237 in Nasdaq
VIX UP 26.14% @ 22.10
Oil @ $55.23
Gold @ $1527.80
AH news....CSCO Down 7.73%, CGC Down 10.87%
TRUE UP 10.03%, NTAP UP 3.00%
In my portfolio in After hours :
Sold TSLA @ $219.54
Bought TWTR @ $40.60
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was the story of 10 year yield @ 1.574 & 2 year yield @ 1.575...it is the famous inverted yield where 2 year yield is higher than 10 year, for all I know this fraction of difference may disappear tomorrow and everything will be fine on Wall Street, again a panic of 1 trading day duly exploited by HFT to the maximum. We did close @ low of the day, DOW down 800 points made history only for 2019. Look @ your portfolio and see IF it deserves some change to better quality of stocks which I did.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2840.60, low 2839.64, high 2894.15
RSI @ 37.51
CMF @ 0.141
Internals were :
Down volume led by 16.26 to 1 in NYSE & 5.13 to 1 in Nasdaq
Declining stocks led by 4.46 to 1 in NYSE & 5.32 to 1 in Nasdaq
Net new 52 wk lows were leading by 197 in NYSE & 237 in Nasdaq
VIX UP 26.14% @ 22.10
Oil @ $55.23
Gold @ $1527.80
AH news....CSCO Down 7.73%, CGC Down 10.87%
TRUE UP 10.03%, NTAP UP 3.00%
In my portfolio in After hours :
Sold TSLA @ $219.54
Bought TWTR @ $40.60
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was the story of 10 year yield @ 1.574 & 2 year yield @ 1.575...it is the famous inverted yield where 2 year yield is higher than 10 year, for all I know this fraction of difference may disappear tomorrow and everything will be fine on Wall Street, again a panic of 1 trading day duly exploited by HFT to the maximum. We did close @ low of the day, DOW down 800 points made history only for 2019. Look @ your portfolio and see IF it deserves some change to better quality of stocks which I did.
BLOG does NOT give buy or sell.
Saleem
Indices down 2.48% to 2.73%......
Indices are tanking on recession signal from Germany to US bond market.
S&P 500 @ 2856.01, low 2841.53, high 2894.15
Internals are negative by minimum 4 to 1
Oil Down $2.37
Gold UP $14.60
Canadian $ Down 93 tick @ .6689
VIX UP 22.32% @ 21.43...high today 22.71
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are down
@ 2.23 PM following are green :
NEM AEM GLD FEYE YY ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2856.01, low 2841.53, high 2894.15
Internals are negative by minimum 4 to 1
Oil Down $2.37
Gold UP $14.60
Canadian $ Down 93 tick @ .6689
VIX UP 22.32% @ 21.43...high today 22.71
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are down
@ 2.23 PM following are green :
NEM AEM GLD FEYE YY ....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 13, 2019
Indices closed UP 1.42% to 1.95%....NICE !!!!
Indices closed UP.
S&P 500 @ 2926.32, high 2943.31, low 2877.05
RSI @ 47.33
CMF @ 0.159
Internals were :
UP volume led by 2.72 to 1 in NYSE & 2.13 to 1 Nasdaq
Advancing stocks led by 2.47 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 62 in Nasdaq
VIX Down 16.93% @ 17.52
Oil @ $57.10
Gold @ $1514.10
Stocks which were UP 2% or more included BZUN CRON TSLA
TWTR IQ HUYA BIDU MOMO NVDA MU LRCX AMZN
WB AAPL SPLK CGC TLRY AMAT BABA PANW YY
ALDR CHK TK CSIQ FSLR LVS MSFT SWKS TSM
NKE KBH XLNX X....
AH news...TLRY Down 10.32%, PSNL Down 7.15%
CHNG UP 10.19%, HUYA UP 6.89%......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down.
About market, TAPE was down then tweet it UP and closed higher. These days it is all about next tweet which reverses last tweet over & over, no clear cut policy making, all after thought adjustments, Huawei bad, then half bad, then no good. Hopefully we will get a confirmation of this rally by a positive close in all major index.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2926.32, high 2943.31, low 2877.05
RSI @ 47.33
CMF @ 0.159
Internals were :
UP volume led by 2.72 to 1 in NYSE & 2.13 to 1 Nasdaq
Advancing stocks led by 2.47 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 62 in Nasdaq
VIX Down 16.93% @ 17.52
Oil @ $57.10
Gold @ $1514.10
Stocks which were UP 2% or more included BZUN CRON TSLA
TWTR IQ HUYA BIDU MOMO NVDA MU LRCX AMZN
WB AAPL SPLK CGC TLRY AMAT BABA PANW YY
ALDR CHK TK CSIQ FSLR LVS MSFT SWKS TSM
NKE KBH XLNX X....
AH news...TLRY Down 10.32%, PSNL Down 7.15%
CHNG UP 10.19%, HUYA UP 6.89%......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down.
About market, TAPE was down then tweet it UP and closed higher. These days it is all about next tweet which reverses last tweet over & over, no clear cut policy making, all after thought adjustments, Huawei bad, then half bad, then no good. Hopefully we will get a confirmation of this rally by a positive close in all major index.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.55% to 1.92%...NICE !!!!!
Indices have reversed course after opening lower and turning sharply higher on " tweet " what else is driving markets these days. There seems to be a step forward in easing trade tension between US & China.
S&P 500 @ 2929.22, high 2943.31, low 2877.05
Internals are positive by 3 to 1
Oil UP $2.12
Gold Down $2.89
Canadian $ UP 12 tick @ .6774
VIX Down 14.51% @ 18.03
In my portfolio....Bought SPWR @ $13.34
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are UP
@ 1.42 PM following are red :
NEM AEM GLD UBER SHOP MTCH NIU AAL PRNB
JKS NFLX LNG YELP ....
Again....my TD webbroker is down...thus cannot access my 100
watchlist...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2929.22, high 2943.31, low 2877.05
Internals are positive by 3 to 1
Oil UP $2.12
Gold Down $2.89
Canadian $ UP 12 tick @ .6774
VIX Down 14.51% @ 18.03
In my portfolio....Bought SPWR @ $13.34
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are UP
@ 1.42 PM following are red :
NEM AEM GLD UBER SHOP MTCH NIU AAL PRNB
JKS NFLX LNG YELP ....
Again....my TD webbroker is down...thus cannot access my 100
watchlist...
BLOG does NOT give buy or sell.
Saleem
Monday, August 12, 2019
Indices closed down 1.20% to 1.49%......
Indices closed down.
S&P 500 @ 2882.69, low 2873.14, high 2907.58
RSI @ 39.89
CMF @ 0.112
Internals were :
Down volume led by 4.80 to 1 in NYSE & 2.36 to 1 in Nasdaq
Declining stocks led by 2.35 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 114 in Nasdaq
VIX UP 17.36% @ 21.09
Oil @ $54.53
Gold @ $1517.20
AH news...BRKS Down 15.51%, AKAM Down 5.84%
LNNW UP 4.26%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under another selling pressure on fear of recession and ongoing disruption in Hong Kong, I personally believe that these issues may have been already discounted by markets now, RSI @ 39.89 is extremely oversold which is ripe for an oversold bounce. It gets very frustrating in relentless selling by HFT which we are witnessing now. Turnaround Tuesday is here.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2882.69, low 2873.14, high 2907.58
RSI @ 39.89
CMF @ 0.112
Internals were :
Down volume led by 4.80 to 1 in NYSE & 2.36 to 1 in Nasdaq
Declining stocks led by 2.35 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 114 in Nasdaq
VIX UP 17.36% @ 21.09
Oil @ $54.53
Gold @ $1517.20
AH news...BRKS Down 15.51%, AKAM Down 5.84%
LNNW UP 4.26%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under another selling pressure on fear of recession and ongoing disruption in Hong Kong, I personally believe that these issues may have been already discounted by markets now, RSI @ 39.89 is extremely oversold which is ripe for an oversold bounce. It gets very frustrating in relentless selling by HFT which we are witnessing now. Turnaround Tuesday is here.
BLOG does NOT give buy or sell.
Saleem
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