Indices closed mixed.Nasdaq closed in green. ALL indices went way below 200 DMA but by close today Nasdaq, S&P 500 & SOX all closed above 200 DMA, DOW still below 200 DMA. This was the-most painful 5 days in market, hardly repeated in decades.
S&P 500 @ 2954.22, low 2855.84, high 2959.72
RSI @ 19.16
CMF @ -0.013
VIX @ 40.11, high today 49.48...which is a new 52 wk high.....
Oil @ $45.26
Gold @ $1587.30
Canadian $ @ .6584
Stocks which closed up 3% or more included HUYA LSCC SQ
MRVL ROKU MU QCOM XLNX AMD UBER SHOP FSLR
OLED QRVO CLVS TRIP X.....
Here is my portfolio weighting :
LSCC 28.39%
SQ 25.10%
HUYA 16.41%
IQ 15.20%
LK 14.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, February 28, 2020
Thursday, February 27, 2020
Indices closed down 4.42% to 4.61%.....
Indices closed down.
S&P 500 @ 2978.76, low 2977.39, high 3097.07
RSI @ 20.15
CMF @ -0.069
Internals were :
Down volume led by 13.01 to 1 in NYSE & 3.88 to 1 in Nasdaq
Declining stocks led by 7.51 to 1 in NYSE & 5.87 to 1 in Nasdaq
Net new 52 wk lows were leading by 796 in NYSE & 505 in Nasdaq
VIX UP 42.09% @ 39.16
Oil @ $47.09
Gold @ $1642.50
Canadian $ @ .6640
Portfolio HUYA IQ LSCC LK SQ
Stocks which closed green included IQ SQ
WYNN......
AH news....VMW Down 6.37%, RUN Down 8.49%
BYND Down 10.21%......
IQ reported a stellar Q 4 result with a huge
13 cents beat in EPS and a $100 million
beat in revenue. Guidance is also higher than
consensus. Expect many upbeat comment
from analysts. Stocks was down 1.7% in AH.
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE went south in a hurry on developing news of virus in USA, most were led to believe that USA has got it together and are managing it well, reality is far from it, thus a steepest sell off in history. BUT that is done, one must keep their focus on strategy of buying the-best company when they are on sale instead of worrying as to where & when is the bottom.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2978.76, low 2977.39, high 3097.07
RSI @ 20.15
CMF @ -0.069
Internals were :
Down volume led by 13.01 to 1 in NYSE & 3.88 to 1 in Nasdaq
Declining stocks led by 7.51 to 1 in NYSE & 5.87 to 1 in Nasdaq
Net new 52 wk lows were leading by 796 in NYSE & 505 in Nasdaq
VIX UP 42.09% @ 39.16
Oil @ $47.09
Gold @ $1642.50
Canadian $ @ .6640
Portfolio HUYA IQ LSCC LK SQ
Stocks which closed green included IQ SQ
WYNN......
AH news....VMW Down 6.37%, RUN Down 8.49%
BYND Down 10.21%......
IQ reported a stellar Q 4 result with a huge
13 cents beat in EPS and a $100 million
beat in revenue. Guidance is also higher than
consensus. Expect many upbeat comment
from analysts. Stocks was down 1.7% in AH.
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE went south in a hurry on developing news of virus in USA, most were led to believe that USA has got it together and are managing it well, reality is far from it, thus a steepest sell off in history. BUT that is done, one must keep their focus on strategy of buying the-best company when they are on sale instead of worrying as to where & when is the bottom.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 26, 2020
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 3116.39, low 3108.99, high 3182.51
RSI @ 27.47
CMF @ -0.026
Internals were:
Down volume led by 3.68 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.94 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk lows were leading by 366 in NYSE & 200 in Nasdaq
VIX Down 1.04% @ 27.56
Oil @ $48.73
Gold @ $1643.10
Canadian $ @ .6674
Portfolio HUYA IQ LSCC LK SQ
Stocks which closed 1% or more included HUYA IQ LSCC LK
MOMO BYND BZUN NVDA TSM MSFT LRCX SHOP
AAPL CGC CRON BABA AMAT ORCL.....
AH news.... SQ UP 6.87%, ESTC UP 8.62%
TDOC UP 17.45%, NTNX Down 17.87%
SQ reported a beat in EPS by 2 cents and a beat in Sales,
guiding Sales and EPS higher than consensus, all the metrics
were impressive and higher than expected. Conference call
was upbeat and confident about business going forward. Expect
many upgrades and higher targets.
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
IQ reports after close on Thursday, here are expectations :
Sales Q 4 $1.01 billion US, EPS loss 61 cents US
Guidance Q 1 704 billion Yuan, EPS loss 3.45 Yuan
Yuan fluctuating daily thus taken numbers from Yahoo Finance.
BIDU also reporting after close and holds controlling interest in IQ.
Expecting a beat in Sales & EPS plus better guidance from IQ.
About market, TAPE showed indecision in the wake of many reports from US where there is concern for containment of Corona Virus. President Trump tried to assure that everything is or will be under control. Market needs to digest some more to start looking @ future, thus more volatility @ open. This is when best buying opportunity are there.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3116.39, low 3108.99, high 3182.51
RSI @ 27.47
CMF @ -0.026
Internals were:
Down volume led by 3.68 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.94 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk lows were leading by 366 in NYSE & 200 in Nasdaq
VIX Down 1.04% @ 27.56
Oil @ $48.73
Gold @ $1643.10
Canadian $ @ .6674
Portfolio HUYA IQ LSCC LK SQ
Stocks which closed 1% or more included HUYA IQ LSCC LK
MOMO BYND BZUN NVDA TSM MSFT LRCX SHOP
AAPL CGC CRON BABA AMAT ORCL.....
AH news.... SQ UP 6.87%, ESTC UP 8.62%
TDOC UP 17.45%, NTNX Down 17.87%
SQ reported a beat in EPS by 2 cents and a beat in Sales,
guiding Sales and EPS higher than consensus, all the metrics
were impressive and higher than expected. Conference call
was upbeat and confident about business going forward. Expect
many upgrades and higher targets.
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
IQ reports after close on Thursday, here are expectations :
Sales Q 4 $1.01 billion US, EPS loss 61 cents US
Guidance Q 1 704 billion Yuan, EPS loss 3.45 Yuan
Yuan fluctuating daily thus taken numbers from Yahoo Finance.
BIDU also reporting after close and holds controlling interest in IQ.
Expecting a beat in Sales & EPS plus better guidance from IQ.
About market, TAPE showed indecision in the wake of many reports from US where there is concern for containment of Corona Virus. President Trump tried to assure that everything is or will be under control. Market needs to digest some more to start looking @ future, thus more volatility @ open. This is when best buying opportunity are there.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 25, 2020
Indices closed down 2.77% to 3.15%.....
Indices closed down.
S&P 500 @ 3128.21, low 3118.77, high 3246.99
RSI @ 28.29
CMF @ 0.050
Internals were :
Down volume led by 8.50 to 1 in NYSE & 4.38 to 1 in Nasdaq
Declining stocks led by 7.42 to 1 in NYSE & 6.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 332 in NYSE & 179 in Nasdaq
VIX UP 11.27% @ 27.85
Oil @ $49.90
Gold @ $1650.00
Canadian $ @ .6711
In my portfolio :
Sold MRVL @ $22.92
Bought SQ @ $77.43
Portfolio HUYA IQ LSCC LK SQ
Stocks which closed green included LK
ROKU WB NIO PRNB CSIQ QRVO
YELP.....
AH news....SCCO Down 9.3%, VICR Down 8.68%
TOL Down 7.88%, SPCE Down 6.40%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
SQ reports after close Wednesday, here are the expectations :
Sales Q 4 $593.07 million, EPS 21 cents
Guidance Q 1 Sales $610.26 million, EPS 16 cents
Expecting a beat in Sales & EPS......
About market, TAPE faced another barrage of selling sending DOW below 200 DMA, Russell 2000 is sitting hair above 200 DMA. S&P 500 & Nasdaq still above 200 DMA. From my famous RSI analysis of S&P 500 which is @ 28.29....selling is just about done and is near major support level. Buying in this panic may work out with great return......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3128.21, low 3118.77, high 3246.99
RSI @ 28.29
CMF @ 0.050
Internals were :
Down volume led by 8.50 to 1 in NYSE & 4.38 to 1 in Nasdaq
Declining stocks led by 7.42 to 1 in NYSE & 6.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 332 in NYSE & 179 in Nasdaq
VIX UP 11.27% @ 27.85
Oil @ $49.90
Gold @ $1650.00
Canadian $ @ .6711
In my portfolio :
Sold MRVL @ $22.92
Bought SQ @ $77.43
Portfolio HUYA IQ LSCC LK SQ
Stocks which closed green included LK
ROKU WB NIO PRNB CSIQ QRVO
YELP.....
AH news....SCCO Down 9.3%, VICR Down 8.68%
TOL Down 7.88%, SPCE Down 6.40%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
SQ reports after close Wednesday, here are the expectations :
Sales Q 4 $593.07 million, EPS 21 cents
Guidance Q 1 Sales $610.26 million, EPS 16 cents
Expecting a beat in Sales & EPS......
About market, TAPE faced another barrage of selling sending DOW below 200 DMA, Russell 2000 is sitting hair above 200 DMA. S&P 500 & Nasdaq still above 200 DMA. From my famous RSI analysis of S&P 500 which is @ 28.29....selling is just about done and is near major support level. Buying in this panic may work out with great return......
BLOG does NOT give buy or sell.
Saleem
Monday, February 24, 2020
Indices closed down 3.35% to 3.71%....
Indices closed down.
S&P 500 @ 3225.89, low 3214.65, high 3259.81
RSI @ 36.70
CMF @ 0.103
Internals were :
Down volume led by 10.87 to 1 in NYSE & 4.00 to 1 in Nasdaq
Declining stocks led by 6.74 to 1 in NYSE & 6.04 to 1 in Nasdaq
Net new 52 wk lows were leading by 112 in NYSE & 110 in Nasdaq
VIX UP 46.55% @ 25.03
Oil @ $51.43
Gold @ $1676.60
Canadian $ @ .6713
In my portfolio :
Sold QCOM @ $83.06
Bought IQ @ $23.78
Portfolio HUYA IQ LSCC LK MRVL
Stocks which closed green included IQ
NEM AEM FSLR....
AH news...PANW Down 13.50%, SHAK 12.94%
CLVS Down 9.07%.....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was in sharp slump due to spreading of Corona Virus in South Korea , Iran & Italy. Market was vulnerable to headlines like that after 2 day of pullback which caused panic selling today. Technicians were having field day predicting as much as 12% correction. Prediction is a very risky business many technicians are out of mind from Prechter to Granville on faulty models. We may have oversold already.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3225.89, low 3214.65, high 3259.81
RSI @ 36.70
CMF @ 0.103
Internals were :
Down volume led by 10.87 to 1 in NYSE & 4.00 to 1 in Nasdaq
Declining stocks led by 6.74 to 1 in NYSE & 6.04 to 1 in Nasdaq
Net new 52 wk lows were leading by 112 in NYSE & 110 in Nasdaq
VIX UP 46.55% @ 25.03
Oil @ $51.43
Gold @ $1676.60
Canadian $ @ .6713
In my portfolio :
Sold QCOM @ $83.06
Bought IQ @ $23.78
Portfolio HUYA IQ LSCC LK MRVL
Stocks which closed green included IQ
NEM AEM FSLR....
AH news...PANW Down 13.50%, SHAK 12.94%
CLVS Down 9.07%.....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was in sharp slump due to spreading of Corona Virus in South Korea , Iran & Italy. Market was vulnerable to headlines like that after 2 day of pullback which caused panic selling today. Technicians were having field day predicting as much as 12% correction. Prediction is a very risky business many technicians are out of mind from Prechter to Granville on faulty models. We may have oversold already.
BLOG does NOT give buy or sell.
Saleem
Sunday, February 23, 2020
Can stock market regain its momentum.....
Stock market has been outperforming since October.....
There has been one pullback to support in January....
Corona Virus related pullback is only 2 days old.....
The question which everyone is struggling with, is this the start of much needed pullback / correction.
Many pundits / technicians have weighed in with mixed conclusions....
Some always go with the flow ...IF negative yesterday...then they warn you to be careful....
BUT IF we rally next day......drum roll for happy days are here.....
I personally believe that TAPE is trying to discount Corona Virus impact to world economies....
My personal take is ....things are getting back to normal in China which took two weeks further into their new year....how do i know..... had ordered couple of electronics items from AliExpress, one has been delivered in Canada and other one is shipped.....
We may have been caught with overreaction to Japan situation, with 20/20 hindsight, it could have been handled differently instead of being holed up inside ship.
Gold may have played its hand already and may need well deserved rest.
When I am looking @ RSI following picture emerges :
SOX 48.73
DOW 48.92
IWM 52.70
S&P 500 53.66
Nasdaq 55.92
SLV 63.83
GLD 78.99
SOX and DOW are looking oversold, except for Silver & Gold everything has pulled back.
Strongest stocks can be bought on 5% to 10% pullback which has occurred already....
Taking a position with conviction can be rewarding @ this stage.
AMD, MU, ROKU, BYND, LYFT has good risk / reward ratio.
Good luck with your own analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
There has been one pullback to support in January....
Corona Virus related pullback is only 2 days old.....
The question which everyone is struggling with, is this the start of much needed pullback / correction.
Many pundits / technicians have weighed in with mixed conclusions....
Some always go with the flow ...IF negative yesterday...then they warn you to be careful....
BUT IF we rally next day......drum roll for happy days are here.....
I personally believe that TAPE is trying to discount Corona Virus impact to world economies....
My personal take is ....things are getting back to normal in China which took two weeks further into their new year....how do i know..... had ordered couple of electronics items from AliExpress, one has been delivered in Canada and other one is shipped.....
We may have been caught with overreaction to Japan situation, with 20/20 hindsight, it could have been handled differently instead of being holed up inside ship.
Gold may have played its hand already and may need well deserved rest.
When I am looking @ RSI following picture emerges :
SOX 48.73
DOW 48.92
IWM 52.70
S&P 500 53.66
Nasdaq 55.92
SLV 63.83
GLD 78.99
SOX and DOW are looking oversold, except for Silver & Gold everything has pulled back.
Strongest stocks can be bought on 5% to 10% pullback which has occurred already....
Taking a position with conviction can be rewarding @ this stage.
AMD, MU, ROKU, BYND, LYFT has good risk / reward ratio.
Good luck with your own analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, February 21, 2020
Indices closed down .78% to 1.79%.....
Indices closed down on fear of increasing death due to Corona Virus, this is a discounting process which has become virus update driven from overseas.
S&P 500 @ 3337.75, low 3328.45, high 3360.76
RSI @ 53.66
CMF 0.114
Internals were :
Down volume led by 2.39 to 1 in NYSE & 1.87 to 1 in Nasdaq
Declining stocks led by 2.17 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 164 in NYSE & 61 in Nasdaq
VIX UP 9.77% @ 17.08
Oil @ $53.38
Gold @ $1648.80
Canadian $ @ .6797
Stocks which closed green included AMRN BZUN TLRY
MCD TSLA NEM AEM FFIV OSTK X......
Here is my portfolio weighting :
QCOM 39.93%
MRVL 22.42%
LSCC 18.34%
HUYA 10.12%
LK 9.19%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3337.75, low 3328.45, high 3360.76
RSI @ 53.66
CMF 0.114
Internals were :
Down volume led by 2.39 to 1 in NYSE & 1.87 to 1 in Nasdaq
Declining stocks led by 2.17 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 164 in NYSE & 61 in Nasdaq
VIX UP 9.77% @ 17.08
Oil @ $53.38
Gold @ $1648.80
Canadian $ @ .6797
Stocks which closed green included AMRN BZUN TLRY
MCD TSLA NEM AEM FFIV OSTK X......
Here is my portfolio weighting :
QCOM 39.93%
MRVL 22.42%
LSCC 18.34%
HUYA 10.12%
LK 9.19%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 20, 2020
Indices closed down .38% to .67%...
Indices closed down.
S&P 500 @ 3373.23, low 3341.02, high 3389.15
RSI @ 62.12
CMF @ 0.181
Internals were :
UP volume led by 1.14 to 1 in NYSE & 1.05 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 291 in NYSE & 161 in Nasdaq
VIX UP 8.21% @ 15.56
Oil @ $53.88
Gold @ $1620.50
Canadian $ @ .6737
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which closed green included HUYA
WB TWTR LULU NIO CIEN SQ TLRY
SPWR NEM AEM UAL FEYE FSLR
CGC FFIV YELP ULTA M CNX....
AH news...DBX UP 10.77%, TRUE Down 27.11%
FSLR Down 14.95%, SPCE Down 8.75%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE started green but turned into a mini flash crash for unknown reason, internals were all positive, VIX was UP though, a very strange TAPE for sure. Speculation were rampant in few stocks which are taking on the chin in after hours. Hopefully by close on Friday stability may return.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3373.23, low 3341.02, high 3389.15
RSI @ 62.12
CMF @ 0.181
Internals were :
UP volume led by 1.14 to 1 in NYSE & 1.05 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 291 in NYSE & 161 in Nasdaq
VIX UP 8.21% @ 15.56
Oil @ $53.88
Gold @ $1620.50
Canadian $ @ .6737
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which closed green included HUYA
WB TWTR LULU NIO CIEN SQ TLRY
SPWR NEM AEM UAL FEYE FSLR
CGC FFIV YELP ULTA M CNX....
AH news...DBX UP 10.77%, TRUE Down 27.11%
FSLR Down 14.95%, SPCE Down 8.75%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE started green but turned into a mini flash crash for unknown reason, internals were all positive, VIX was UP though, a very strange TAPE for sure. Speculation were rampant in few stocks which are taking on the chin in after hours. Hopefully by close on Friday stability may return.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 19, 2020
Indices closed UP .40% to .87%....NICE !!!!
Indices closed UP.
S&P 500 @ 3386.15, high 3393.52, low 3378.83
RSI @ 65.61
CMF @ 0.128
Internals were :
UP volume led by 1.72 to 1 in NYSE & 1.77 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 360 in NYSE & 221 in Nasdaq
VIX Down 3.03% @ 14.38
Oil @ $53.29
Gold @ $1611.80
Canadian $ @ .6765
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which were UP 2% or more included LK QCOM
LYFT MU ASML WB AMD BYND NIO NVDA SQ
TSM SPWR JKS TSLA UBER LRCX FSLR AMAT
CRUS CSIQ WYNN MGA SWKS X CNX....
AH news...ZG UP 15.24%, STMP UP 32.52%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE started to do its usual thing, made a brand new all time highs in S&P 500 & Nasdaq. Most sectors and stocks participated in today's rally. Internals were healthy. Fed minutes were for holding interest rates @ current levels. This short week may compensate for 1 lost day with indices going north.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3386.15, high 3393.52, low 3378.83
RSI @ 65.61
CMF @ 0.128
Internals were :
UP volume led by 1.72 to 1 in NYSE & 1.77 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.54 to 1 in Nasdaq
Net new 52 wk highs were leading by 360 in NYSE & 221 in Nasdaq
VIX Down 3.03% @ 14.38
Oil @ $53.29
Gold @ $1611.80
Canadian $ @ .6765
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which were UP 2% or more included LK QCOM
LYFT MU ASML WB AMD BYND NIO NVDA SQ
TSM SPWR JKS TSLA UBER LRCX FSLR AMAT
CRUS CSIQ WYNN MGA SWKS X CNX....
AH news...ZG UP 15.24%, STMP UP 32.52%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE started to do its usual thing, made a brand new all time highs in S&P 500 & Nasdaq. Most sectors and stocks participated in today's rally. Internals were healthy. Fed minutes were for holding interest rates @ current levels. This short week may compensate for 1 lost day with indices going north.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 18, 2020
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 3370.29, low 3355.61, high 3375.01
RSI @ 63.26
CMF @ 0.107
Internals were :
Down volume led by 1.59 to 1 in NYSE & .80 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 279 in NYSE & 138 in Nasdaq
VIX UP 8.41% @ 14.83
Oil @ $52.05
Gold @ $1603.60
Canadian $ @ .6739
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which closed green included LK
LYFT AMD BYND TWTR LULU
AMRN SPWR MSFT FB NEM
UBER GLD PRNB NFLX
NTNX WYNN ULTA
CMG PANW.....
AH news...SEDG UP 5.19%, GRPN Down 24.26%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was given a jolt by AAPL which revised its guidance downwards based on Chinese Sales and impact of Corona Virus. Many chips stocks slumped in sympathy of this negative impact on sales. Nasdaq fought its way back and closed in green, which is an example of inflow of money into US equities. All indices closed near best level of the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3370.29, low 3355.61, high 3375.01
RSI @ 63.26
CMF @ 0.107
Internals were :
Down volume led by 1.59 to 1 in NYSE & .80 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 279 in NYSE & 138 in Nasdaq
VIX UP 8.41% @ 14.83
Oil @ $52.05
Gold @ $1603.60
Canadian $ @ .6739
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which closed green included LK
LYFT AMD BYND TWTR LULU
AMRN SPWR MSFT FB NEM
UBER GLD PRNB NFLX
NTNX WYNN ULTA
CMG PANW.....
AH news...SEDG UP 5.19%, GRPN Down 24.26%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was given a jolt by AAPL which revised its guidance downwards based on Chinese Sales and impact of Corona Virus. Many chips stocks slumped in sympathy of this negative impact on sales. Nasdaq fought its way back and closed in green, which is an example of inflow of money into US equities. All indices closed near best level of the day.
BLOG does NOT give buy or sell.
Saleem
Monday, February 17, 2020
USA markets heading higher.....
Markets in USA are showing great resiliency no matter what headwinds it faces.
First it was Fed's direction for interest rates, it calmed down
Secondly it was USA vs CHINA trade squabble, it calmed down
Thirdly it is Corona Virus and its worldwide impact, it is calming down also.
Through all of the above and many mini crisis like Iran attack, impeachment, US markets kept making new all time highs...
WHY US markets are making series of all time highs?
IT IS because since Y2K boom...US stock market went into reverse and hit lows in 2008...an 8 year reversal.....
All we are doing is currently making up for lost time from 2000...a 12 year wait till we came back to 2000 highs......
From 2012 to November of 2018...we made very gradual new highs.....
Since November of 2018....we are having a sustained uptrend where TAPE is ignoring / digesting many issues quickly.....because it wants to go higher....
Time wise this uptrend is only 15 months old....in a very slow uptrend making series of new highs.....
WHY this uptrend is having legs.....because " froth is gone from most world economies " they all having to adjust to slowing GDP worldwide, thus it is more efficient in projecting Sales & EPS.....
Reckless behavior of Y2K is gone and conservative / sustained move is happening....
SO..have key stocks in your portfolio where growth is sustainable going forward.....
5G is a major catalyst going forward, still in early stages.......
Get ready for another leg UP in this market...fast and furious!!!!!
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
First it was Fed's direction for interest rates, it calmed down
Secondly it was USA vs CHINA trade squabble, it calmed down
Thirdly it is Corona Virus and its worldwide impact, it is calming down also.
Through all of the above and many mini crisis like Iran attack, impeachment, US markets kept making new all time highs...
WHY US markets are making series of all time highs?
IT IS because since Y2K boom...US stock market went into reverse and hit lows in 2008...an 8 year reversal.....
All we are doing is currently making up for lost time from 2000...a 12 year wait till we came back to 2000 highs......
From 2012 to November of 2018...we made very gradual new highs.....
Since November of 2018....we are having a sustained uptrend where TAPE is ignoring / digesting many issues quickly.....because it wants to go higher....
Time wise this uptrend is only 15 months old....in a very slow uptrend making series of new highs.....
WHY this uptrend is having legs.....because " froth is gone from most world economies " they all having to adjust to slowing GDP worldwide, thus it is more efficient in projecting Sales & EPS.....
Reckless behavior of Y2K is gone and conservative / sustained move is happening....
SO..have key stocks in your portfolio where growth is sustainable going forward.....
5G is a major catalyst going forward, still in early stages.......
Get ready for another leg UP in this market...fast and furious!!!!!
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, February 14, 2020
Indices closed mixed.....
Indices closed mixed on weak economic data in USA. S&P 500 and Nasdaq fought their way to close @ high of the day.Internals were mixed.
S&P 500 @ 3380.16, high 3380.69, low 3366.15
RSI @ 65.87
CMF @ 0.132
Internals were :
Down volume led by 1.28 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by .90 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 327 in NYSE & 149 in Nasdaq
VIX Down 3.32% @ 13.68
Oil @ $52.05
Gold @ $1586.40
Canadian $ @ .6746
Stocks which closed green included... HUYA LK
AMD BYND NVDA SQ TLRY MSFT MTCH
FB NEM GLD AAPL SPLK VICR FSLR CGC
CRON CRUS EXPE GOOG PANW NTNX
LNG MA ORCL SU NKE KBH CMG V...
Here is my portfolio weighting :
QCOM 39.71%
MRVL 22.27$
LSCC 19.33%
HUYA 10.26%
LK 8.43%
Next post on Monday by 6 PM,markets are closed
on Monday in USA & Canada.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3380.16, high 3380.69, low 3366.15
RSI @ 65.87
CMF @ 0.132
Internals were :
Down volume led by 1.28 to 1 in NYSE & 1.11 to 1 in Nasdaq
Declining stocks led by .90 to 1 in NYSE & 1.23 to 1 in Nasdaq
Net new 52 wk highs were leading by 327 in NYSE & 149 in Nasdaq
VIX Down 3.32% @ 13.68
Oil @ $52.05
Gold @ $1586.40
Canadian $ @ .6746
Stocks which closed green included... HUYA LK
AMD BYND NVDA SQ TLRY MSFT MTCH
FB NEM GLD AAPL SPLK VICR FSLR CGC
CRON CRUS EXPE GOOG PANW NTNX
LNG MA ORCL SU NKE KBH CMG V...
Here is my portfolio weighting :
QCOM 39.71%
MRVL 22.27$
LSCC 19.33%
HUYA 10.26%
LK 8.43%
Next post on Monday by 6 PM,markets are closed
on Monday in USA & Canada.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 13, 2020
Indices closed down .14% to .43%......
Indices closed down.
S&P 500 @ 3373.94, low 3360.52, high 3385.09
RSI @ 65.02
CMF @ 0.137
Internals were :
Down volume led by 1.37 to 1 in NYSE & .84 to 1 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 318 in NYSE & 175 in Nasdaq
VIX UP 2.98% @ 14.15
Oil @ $51.42
Gold @ $1578.80
Canadian $ @ .6741
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which closed green included LSCC
MU IQ ROKU AMD TWTR CIEN SQ
TWLO FB TSLA NEM GLD LRCX
SHOP FEYE SPLK VICR CRON
AMAT FFIV NFLX PANW
SNAP YELP.....
AH news...NVDA UP 5.20%, ROKU 6.34%
EXPE UP 10.5%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE rested today amidst all the noise of Corona Virus, it is still very much a Chinese health issue not a global threat, even China has opened most businesses. Earnings tonight are all stellar, so we continue to make new intraday all time highs and tomorrow another series of all time closing high.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3373.94, low 3360.52, high 3385.09
RSI @ 65.02
CMF @ 0.137
Internals were :
Down volume led by 1.37 to 1 in NYSE & .84 to 1 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & 1.01 to 1 in Nasdaq
Net new 52 wk highs were leading by 318 in NYSE & 175 in Nasdaq
VIX UP 2.98% @ 14.15
Oil @ $51.42
Gold @ $1578.80
Canadian $ @ .6741
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which closed green included LSCC
MU IQ ROKU AMD TWTR CIEN SQ
TWLO FB TSLA NEM GLD LRCX
SHOP FEYE SPLK VICR CRON
AMAT FFIV NFLX PANW
SNAP YELP.....
AH news...NVDA UP 5.20%, ROKU 6.34%
EXPE UP 10.5%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE rested today amidst all the noise of Corona Virus, it is still very much a Chinese health issue not a global threat, even China has opened most businesses. Earnings tonight are all stellar, so we continue to make new intraday all time highs and tomorrow another series of all time closing high.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 12, 2020
Indices closed UP .65% to .94%...NICE !!!!
Indices closed UP.
S&P 500 @ 3379.45, high 3381.47, low 3369.72
RSI @ 66.37
CMF @ 0.130
Internals were :
UP volume led by 2.04 to 1 in NYSE & 2.25 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 416 in NYSE & 208 in Nasdaq
VIX Down 9.49% @ 13.74
Oil @ $51.17
Gold @ $1571.60
Canadian $ .6753
In my portfolio added 80% HUYA @ $20.68
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which were UP 2% or more included HUYA LSCC
MU IQ WB CLDR TWTR NIO BZUN SPWR JKS CSIQ
FSLR BIDU LRCX SHOP UAL FEYE AAL AAPL
BABA QRVO NTNX WYNN LVS TRIP SINA
OSTK SWKS NKE M.....
AH news...NTAP Down 11.85%, SPWR Down 10.42%
CSCO Down 4.63%, AMAT UP 2.03%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong and closed near high of the day. Major indices made a new all time highs again. Internals were strong all over. VIX dipped accordingly. Some of the earning news AH were weak in Networking sector which may affect Nasdaq. Markets are getting inflows to support further move higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3379.45, high 3381.47, low 3369.72
RSI @ 66.37
CMF @ 0.130
Internals were :
UP volume led by 2.04 to 1 in NYSE & 2.25 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & 1.67 to 1 in Nasdaq
Net new 52 wk highs were leading by 416 in NYSE & 208 in Nasdaq
VIX Down 9.49% @ 13.74
Oil @ $51.17
Gold @ $1571.60
Canadian $ .6753
In my portfolio added 80% HUYA @ $20.68
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which were UP 2% or more included HUYA LSCC
MU IQ WB CLDR TWTR NIO BZUN SPWR JKS CSIQ
FSLR BIDU LRCX SHOP UAL FEYE AAL AAPL
BABA QRVO NTNX WYNN LVS TRIP SINA
OSTK SWKS NKE M.....
AH news...NTAP Down 11.85%, SPWR Down 10.42%
CSCO Down 4.63%, AMAT UP 2.03%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was strong and closed near high of the day. Major indices made a new all time highs again. Internals were strong all over. VIX dipped accordingly. Some of the earning news AH were weak in Networking sector which may affect Nasdaq. Markets are getting inflows to support further move higher.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 11, 2020
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 3357.75, high 3375.63, low 3352.72
RSI @ 63.61
CMF @ 0.085
Internals were :
UP volume led by 2.61 to 1 in NYSE & 1.55 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 1.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 487 in NYSE & 201 in Nasdaq
VIX UP .93% @ 15.18
Oil @ $49.94
Gold @ $1570.10
Canadian $ @ .6697
In my portfolio Bought HUYA @ $21.03
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which were UP 2%+ LSCC LK MRVL
IQ ASML ROKU XLNX AMD BZUN TSM
TLRY SPWR JKS UBER NIU AAL CGC
CRON AMAT CRUS CSIQ QRVO TSM
WYNN TRIP MGA SWKS.....
LSCC reported a beat in Q 4 Sales and EPS
Guiding Q 1 in line.....stock AH Down .71%
Analyst should view favorably on 2 cents EPS beat
and should upgrade LSCC before open.
AH news...BBBY Down 25.45%, LYFT Down 5.71%
SPWR UP 5.36%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE opened strong but faded by close. DOW, S&P 500 and Nasdaq all made a new intraday all time high, S&P 500 & Nasdaq made a new all time closing high. Internals were strong today although we closed mixed. Market is going through rotation even during the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3357.75, high 3375.63, low 3352.72
RSI @ 63.61
CMF @ 0.085
Internals were :
UP volume led by 2.61 to 1 in NYSE & 1.55 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 1.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 487 in NYSE & 201 in Nasdaq
VIX UP .93% @ 15.18
Oil @ $49.94
Gold @ $1570.10
Canadian $ @ .6697
In my portfolio Bought HUYA @ $21.03
Portfolio HUYA LSCC LK MRVL QCOM
Stocks which were UP 2%+ LSCC LK MRVL
IQ ASML ROKU XLNX AMD BZUN TSM
TLRY SPWR JKS UBER NIU AAL CGC
CRON AMAT CRUS CSIQ QRVO TSM
WYNN TRIP MGA SWKS.....
LSCC reported a beat in Q 4 Sales and EPS
Guiding Q 1 in line.....stock AH Down .71%
Analyst should view favorably on 2 cents EPS beat
and should upgrade LSCC before open.
AH news...BBBY Down 25.45%, LYFT Down 5.71%
SPWR UP 5.36%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE opened strong but faded by close. DOW, S&P 500 and Nasdaq all made a new intraday all time high, S&P 500 & Nasdaq made a new all time closing high. Internals were strong today although we closed mixed. Market is going through rotation even during the day.
BLOG does NOT give buy or sell.
Saleem
Monday, February 10, 2020
Indices closed UP .60% to 1.13%....NICE !!!!
Indices closed UP.
S&P 500 @ 3352.09, high 3352.26, low 3317.77
RSI @ 62.87
CMF @ 0.153
Internals were :
UP volume led by 1.09 to 1 in NYSE & 2.44 to 1 in Nasdaq
Advancing stocks were leading by 1.50 to 1 in NYSE & 1.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 254 in NYSE & 74 in Nasdaq
VIX Down 2.78% @ 15.04
Oil @ $49.57
Gold @ $1579.50
Canadian $ @ .6672
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 2% or more included LK
HUYA IQ ROKU BYND NVDA TWLO MSFT
TSLA LYFT SHOP AMZN FEYE SPLK PRNB
FFIV OLED SNAP LVS SWKS KBH CMG..
AH news...S UP 68.54%, AMKR UP 17.32%
LOGC Down 25.84%, ZBH Down 17.67%
LSCC reports after close on Tuesday, here are the expectations:
Q 4 Sales $100.06 Million, EPS 15 cents or 9 cents non GAAP / GAAP
Guidance Q 1 Sales $99.9 Million, EPS 14 cents / 8 cents
Expecting a beat in Sales & EPS....
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE ignored rising death toll of 1000++ from Corona Virus and kept going UP after opening 100 points lower in DOW. S&P 500 & Nasdaq went on to make a new all time closing high.Internals were on the weak side, thus reflecting narrowing of market focus. It is strictly a stock pickers market where momentum lies, AMD, NVDA and FANG keep on making new highs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3352.09, high 3352.26, low 3317.77
RSI @ 62.87
CMF @ 0.153
Internals were :
UP volume led by 1.09 to 1 in NYSE & 2.44 to 1 in Nasdaq
Advancing stocks were leading by 1.50 to 1 in NYSE & 1.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 254 in NYSE & 74 in Nasdaq
VIX Down 2.78% @ 15.04
Oil @ $49.57
Gold @ $1579.50
Canadian $ @ .6672
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 2% or more included LK
HUYA IQ ROKU BYND NVDA TWLO MSFT
TSLA LYFT SHOP AMZN FEYE SPLK PRNB
FFIV OLED SNAP LVS SWKS KBH CMG..
AH news...S UP 68.54%, AMKR UP 17.32%
LOGC Down 25.84%, ZBH Down 17.67%
LSCC reports after close on Tuesday, here are the expectations:
Q 4 Sales $100.06 Million, EPS 15 cents or 9 cents non GAAP / GAAP
Guidance Q 1 Sales $99.9 Million, EPS 14 cents / 8 cents
Expecting a beat in Sales & EPS....
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE ignored rising death toll of 1000++ from Corona Virus and kept going UP after opening 100 points lower in DOW. S&P 500 & Nasdaq went on to make a new all time closing high.Internals were on the weak side, thus reflecting narrowing of market focus. It is strictly a stock pickers market where momentum lies, AMD, NVDA and FANG keep on making new highs.
BLOG does NOT give buy or sell.
Saleem
Sunday, February 9, 2020
Is CHINA going to pull US markets down?
Chinese economy is hurting due to Corona Virus.
More cities are being closed down to prevent spread of this virus
Now it is turn of Industrial cities of CHINA to be locked down, this can have major impact not only on Chinese economy but worldwide.
US stock markets have been making series of all time highs while Corona Virus is impacting more and more people and Chinese cities.
US celebration of all time highs can come to screeching halt and may head south in a hurry.
Here is a look @ RSI of major part of US market :
Nasdaq 64.91
S&P 500 59.52
DOW 55.62
SOX 49.99
IWM 49.57
Test of 50 DMA already happening in RUSSELL 2000 where it is sitting @ 50 DMA, SOX is barely above 50 DMA.
Nasdaq, Dow & S&P 500 are further above 50 DMA and may have to join in testing support or penetrate 50 DMA.
Chinese economic impact is more than alarming, thus needs reset.
IT IS important to look beyond comfort zone of USA to get an accurate handle on impact of this virus where death toll have surpassed SARS already as we are in 800++ zone.
As long as as you are taking risk knowingly, that chance of going down have risen considerably in last 72 hours, there will be no surprise.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
More cities are being closed down to prevent spread of this virus
Now it is turn of Industrial cities of CHINA to be locked down, this can have major impact not only on Chinese economy but worldwide.
US stock markets have been making series of all time highs while Corona Virus is impacting more and more people and Chinese cities.
US celebration of all time highs can come to screeching halt and may head south in a hurry.
Here is a look @ RSI of major part of US market :
Nasdaq 64.91
S&P 500 59.52
DOW 55.62
SOX 49.99
IWM 49.57
Test of 50 DMA already happening in RUSSELL 2000 where it is sitting @ 50 DMA, SOX is barely above 50 DMA.
Nasdaq, Dow & S&P 500 are further above 50 DMA and may have to join in testing support or penetrate 50 DMA.
Chinese economic impact is more than alarming, thus needs reset.
IT IS important to look beyond comfort zone of USA to get an accurate handle on impact of this virus where death toll have surpassed SARS already as we are in 800++ zone.
As long as as you are taking risk knowingly, that chance of going down have risen considerably in last 72 hours, there will be no surprise.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, February 7, 2020
Indices closed down .54% to .94%.....
Indices closed down after setting series of all time highs, today's push back was just digesting gains.
S&P 500 @ 3327.71, low 3322.12, high 3341.42
RSI @ 59.59
CMF @ 0.088
Internals were :
Down volume led by 2.66 to 1 in NYSE & 1.76 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 234 in NYSE & 30 in Nasdaq
VIX UP 3.41% @ 15.47
Oil @ $50.32
Gold @ $1573.40
Canadian $ .6692
Stocks which closed green included HUYA MOMO WB AMD
BYND SQ TWLO MSFT FB LYFT UBER SHOP AMZN
AAL PHM PRNB GOOG SNAP ULTA KBH CMG....
Here is my portfolio weighting :
QCOM 45.46 %
MRVL 24.99%
LSCC 20.45%
LK 9.10%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3327.71, low 3322.12, high 3341.42
RSI @ 59.59
CMF @ 0.088
Internals were :
Down volume led by 2.66 to 1 in NYSE & 1.76 to 1 in Nasdaq
Declining stocks led by 1.83 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 234 in NYSE & 30 in Nasdaq
VIX UP 3.41% @ 15.47
Oil @ $50.32
Gold @ $1573.40
Canadian $ .6692
Stocks which closed green included HUYA MOMO WB AMD
BYND SQ TWLO MSFT FB LYFT UBER SHOP AMZN
AAL PHM PRNB GOOG SNAP ULTA KBH CMG....
Here is my portfolio weighting :
QCOM 45.46 %
MRVL 24.99%
LSCC 20.45%
LK 9.10%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 6, 2020
Indices closed UP .27% to .54 ....NICE !!!!
Indices closed UP.
S&P 500 @ 3345.78, high 3347.96, low 3334.39
RSI @ 63.45
CMF @ 0.146
Internals were :
UP volume led by .94 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.87 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 338 in NYSE & 135 in Nasdaq
VIX Down 1.25% @ 14.96
Oil @ $50.95
Gold @ $1570.00
Canadian $ @ .6702
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 2% or more included MU HUYA MOMO
IQ WB TWTR SPWR JKS MSFT NIU PRNB SNAP LVS
OSTK ULTA.....
AH news....SYNA UP 19.12%, PINS UP 16.95%
UBER UP 5.45%, EBAY Down 6.18%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE enjoyed another all time high close in DOW, S&P 500, Nasdaq. Tomorrow it is all about Jobs number 157,500 is what market consensus is + or - can dictate direction of this hyper mode action. It was strange day for internals of this market, a very mixed reading and muted action in VIX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3345.78, high 3347.96, low 3334.39
RSI @ 63.45
CMF @ 0.146
Internals were :
UP volume led by .94 to 1 in NYSE & 1.32 to 1 in Nasdaq
Advancing stocks led by 1.87 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 338 in NYSE & 135 in Nasdaq
VIX Down 1.25% @ 14.96
Oil @ $50.95
Gold @ $1570.00
Canadian $ @ .6702
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 2% or more included MU HUYA MOMO
IQ WB TWTR SPWR JKS MSFT NIU PRNB SNAP LVS
OSTK ULTA.....
AH news....SYNA UP 19.12%, PINS UP 16.95%
UBER UP 5.45%, EBAY Down 6.18%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE enjoyed another all time high close in DOW, S&P 500, Nasdaq. Tomorrow it is all about Jobs number 157,500 is what market consensus is + or - can dictate direction of this hyper mode action. It was strange day for internals of this market, a very mixed reading and muted action in VIX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 5, 2020
Indices closed UP .43% to 1.68%....NICE !!!!
Indices closed UP.
S&P 500 @ 3334.69, high 3337.58, low 3313.75
RSI @ 62.05
CMF @ 0.117
Internals were :
UP volume led by 3.08 to 1 in NYSE & 2.01 to 1 in Nasdaq
Advancing stocks led by 3.14 to 1 in NYSE & 2.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 328 in NYSE & 148 in Nasdaq
VIX Down 5.61% @ 15.15
Oil @ $50.75
Gold @ $1562.80
Canadian $ @ .6702
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 2% or more included LSCC MRVL QCOM
MU ASML XLNX SPWR JKS UAL AAL PHM QRVO TRIP SU
IBM X M CNX...
AH news...PTON Down 9.17%, GPRO Down 14.45%
TWLO Down 5.87%
QCOM reported a beat in Sales and EPS,
Guiding higher in both Sales & EPS
Stock closed Down 1.99% in AH.
Conference call focus shifted to current
Chinese Corona Virus impact on Cell phones
Sales, this has been factored in guidance.
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong from open and closed near high of the day. S&P 500 and Nasdaq made another new closing all time high. Market is getting momentum buying into many stocks while new TSLA took a well deserved pullback. Market is looking well beyond Corona Virus and impeachment is in rear view with congress vote.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3334.69, high 3337.58, low 3313.75
RSI @ 62.05
CMF @ 0.117
Internals were :
UP volume led by 3.08 to 1 in NYSE & 2.01 to 1 in Nasdaq
Advancing stocks led by 3.14 to 1 in NYSE & 2.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 328 in NYSE & 148 in Nasdaq
VIX Down 5.61% @ 15.15
Oil @ $50.75
Gold @ $1562.80
Canadian $ @ .6702
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 2% or more included LSCC MRVL QCOM
MU ASML XLNX SPWR JKS UAL AAL PHM QRVO TRIP SU
IBM X M CNX...
AH news...PTON Down 9.17%, GPRO Down 14.45%
TWLO Down 5.87%
QCOM reported a beat in Sales and EPS,
Guiding higher in both Sales & EPS
Stock closed Down 1.99% in AH.
Conference call focus shifted to current
Chinese Corona Virus impact on Cell phones
Sales, this has been factored in guidance.
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong from open and closed near high of the day. S&P 500 and Nasdaq made another new closing all time high. Market is getting momentum buying into many stocks while new TSLA took a well deserved pullback. Market is looking well beyond Corona Virus and impeachment is in rear view with congress vote.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 4, 2020
Indices closed UP 1.44% to 2.10%....NICE !!!!
Indices closed UP.
S&P 500 @ 3297.59, high 3306.92, low 3280.61
RSI @ 56.91
CMF @ 0.065
Internals were :
UP volume led by 3.58 to 1 in NYSE & 3.55 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 246 in NYSE & 98 in Nasdaq
VIX Down 10.68% @ 16.05
Oil @ $49.61
Gold @ $1555.50
Canadian $ .6730
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 3% or more included LSCC LK MU
MOMO ASML BYND NIO TSM TLRY SPWR JKS UAL
BZUN MSFT TSLA LYFT LRCX AMAT SHOP UAL
AAPL SPLK VICR FSLR NFLX OLED YY SNAP
NTNX BABA WYNN YELP ....
AH news... SNAP Down 10.54%, F Down 9.59%
MTCH Down 8.36%
QCOM reports AH Wednesday, here are the expectations:
Sales Q 4 $4.83 billion, EPS 85 cents
Guidance Q 1 Sales $5.08 billion, EPS 86 cents
Expecting a beat in EPS and in line guidance.
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE shot UP on optimistic interpretation of Corona Virus potential impact in USA, It is a medical story not a disease story which is restricted to China. TSLA has gone ballistic on rewording of its industry affiliation, it is being dubbed as technology / environment play instead of Auto company, thus sky high potential. Nasdaq closed @ new all time high, All major Indices are above 50 DMA now.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3297.59, high 3306.92, low 3280.61
RSI @ 56.91
CMF @ 0.065
Internals were :
UP volume led by 3.58 to 1 in NYSE & 3.55 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk highs were leading by 246 in NYSE & 98 in Nasdaq
VIX Down 10.68% @ 16.05
Oil @ $49.61
Gold @ $1555.50
Canadian $ .6730
Portfolio LSCC LK MRVL QCOM
Stocks which were UP 3% or more included LSCC LK MU
MOMO ASML BYND NIO TSM TLRY SPWR JKS UAL
BZUN MSFT TSLA LYFT LRCX AMAT SHOP UAL
AAPL SPLK VICR FSLR NFLX OLED YY SNAP
NTNX BABA WYNN YELP ....
AH news... SNAP Down 10.54%, F Down 9.59%
MTCH Down 8.36%
QCOM reports AH Wednesday, here are the expectations:
Sales Q 4 $4.83 billion, EPS 85 cents
Guidance Q 1 Sales $5.08 billion, EPS 86 cents
Expecting a beat in EPS and in line guidance.
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE shot UP on optimistic interpretation of Corona Virus potential impact in USA, It is a medical story not a disease story which is restricted to China. TSLA has gone ballistic on rewording of its industry affiliation, it is being dubbed as technology / environment play instead of Auto company, thus sky high potential. Nasdaq closed @ new all time high, All major Indices are above 50 DMA now.
BLOG does NOT give buy or sell.
Saleem
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