Thursday, April 30, 2020

Indices closed down .28% to 1.17%.....

Indices closed down.

S&P 500 @ 2912.43, low 2892.47, high 2930.91

RSI @ 57.87

CMF @ 0.110

Internals were :

Down volume led by 2.97 to 1 in NYSE & 1.80 to 1 in Nasdaq

Declining stocks led by 2.58 to 1 in NYSE & 2.81 to 1 in Nasdaq

Net new 52 wk highs were leading by 13 in NYSE & 20 in Nasdaq

VIX UP 9.35% @ 34.15

Oil @ $18.84

Gold @ $1694.20

Canadian $ @ .6086

Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR

Stocks which closed green included... DDOG
MSFT AAPL GILD ROKU BIDU BA WB
HUYA FB AMZN FEYE GOOG NFLX 
YY LNG OSTK....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was overbought big time Wednesday night, every stock was making another move higher by 7% to 10% AH on FB and other earnings report, FB jumped $30 last night, a sign of euphoria taking place. I have a feeling that we may have made a top in technology stocks for now. I will be looking to reduce my exposure in an opportunistic manner.

BLOG does NOT give buy or sell.

Saleem

Wednesday, April 29, 2020

Indices closed UP 2.21% to 3.57%....NICE !!!!

Indices closed UP.

S&P 500 @ 2939.51, high 2954.86, low 2912.16

RSI @ 59.74

CMF @ 0.087

Internals were :

UP Volume led by 5.31 to 1 in NYSE & 3.47 to 1 in Nasdaq

Advancing stocks led by 6.71 to 1 in NYSE & 4.31 to 1 in Nasdaq

Net new 52 wk highs were leading by 9 in NYSE & 36 in Nasdaq

VIX Down 6.97% @ 31.23

Oil @ $15.06

Gold @ $1713.40

Canadian $ @ .6061

In my portfolio :

Bought CLDR @ $8.30

Added 70% CNX @ $10.65

Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR

Stocks UP 4%++included AAL CLDR MU SU TWTR
APA MGM TER MSFT GILD CCL DAL KBH PHM 
BA VICR LSCC SQ ASML XLNX FB LRCX UAL
MTCH SPLK FSLR AMAT OLED QRVO SLB 
SNAP NTNX WYNN MA MGA SWKS V X...

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

Before open couple of my stocks are reporting, expectations are :

TWTR Q 1 Sales $775.96 million, EPS 10 cents

Guidance Q 2 Sales $698.01 million, EPS 5 cents

Expecting a match to expectations, potential move 11%+-

AAL Q 1 Sales 8.94 billion, EPS loss $2.38

Guidance Q 2 Sales $2.08 billion, EPS loss $7.99

Expecting worse than expected ..but it may be factored in?

About market, TAPE was in full overdrive thanks to Fed statement / Q & A which was extremely supportive of bull case. Earnings reaction are in and they all are flying as IF worse case scenario is behind us. MSFT FB TSLA KRA were UP sharply in AH. Expect a strong technology driven open.

BLOG does NOT give buy or sell.

Saleem

Tuesday, April 28, 2020

Indices closed down .13% to 1.40%....

Indices closed down.

S&P 500 @ 2863.39, low 2860.71, high 2921.15

RSI @ 56.04

CMF @ 0.035

Internals were :

UP volume led by 3.42 to 1 in NYSE & 1.19 to 1 in Nasdaq

Advancing stocks led by 2.46 to 1 in NYSE & 1.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 18 in NYSE & 46 in Nasdaq

VIX UP .84% @ 33.57

Oil @ $12.34

Gold @ $1722.20

Canadian $ @ .6002

In my portfolio...Sold MGM @ $16.30 in pre market....had 2 other sell missed one by 5 cents and other by 10 cents all in pre market.....

Portfolio AMD AAL CIEN CNX DDOG MU SU TWTR

AMD reported a strong earnings report even in Corona driven world.

Sales actual $1.79 billion vs expectation of $1.78 billion...a beat by $1 million
EPS actual 18 cents vs expectations of 18 cents

Guiding sequential growth in Sales for Q 2 of $1.85 billions
21% Y/Y growth......

AMD is among few companies on planet earth which had the guts to give guidance for both next Q and full year. Based on so many unknown they are still guiding full year growth of 25% vs growth of 27.5% previously.....Conference call was extremely upbeat with great optimism for this calendar year ....reward for all that AMD down AH 3.08%.....

Stocks which were UP 1% or more included AAL MGM SU
APA CCL DAL DHI KBH PHM BA VICR SPWR CLDR
UAL EXPE FFIV QRVO MGA MS OSTK ULTA SWKS 
X M.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was very strong in pre market and open, then it was downhill with all 3 major indices closing in red and @ low of the day. Internals @ close were all positive which showed real strength of this market. Looks like futures are predicting a strong day on Wednesday based on many good earnings after hour.

BLOG does NOT give buy or sell.

Saleem

Monday, April 27, 2020

Indices closed UP 1.11% to 1.51%....NICE !!!!

Indices closed UP.

S&P 500 @ 2878.48, high 2887.72, low 2852.89

RSI @ 57.00

CMF @ 0.122

Internals were :

UP volume led by 4.80 to 1 in NYSE & 3.06 to 1 in Nasdaq

Advancing stocks led by 3.39 to 1 in NYSE & 10.14 to 1 in Nasdaq

Net new 52 wk highs were leading by 12 in NYSE & 57 in Nasdaq

VIX Down 7.35% @ 33.29

Oil @ $12.78

Gold @ $1273.80

Canadian $ @ .5953

In my portfolio ...Added 100% AMD @ $56.40

Portfolio AMD AAL CIEN CNX DDOG MGM MU SU TWTR

Stocks UP 3%++ included CIEN CNX DDOG MGM TWTR
CCL ROKU KBH PHM LYFT LULU BZUN TSLA SPLK
EXPE OLED SNAP NTNX YELP FSLR WYNN LVS
MS OSTK X M ......

AMD reports AH on Tuesday, here are the expectations :

Sales Q 1 $1.78 billion, EPS 18 cents

Guidance Q 2 Sales $1.92 billion, EPS 21 cents

Expecting a beat in Sales & EPS for Q 1.....

About market, TAPE was strong from open till close, internals were all positive and closed @ high of the day. Most sectors were UP today. Technically we are improving in markets.

BLOG does NOT give buy or sell.

Saleem

Sunday, April 26, 2020

US market keep marching to its own drum.....

Now we are in the week of major earnings report, most will do as expected, some will exceed and some will miss......

Future guidance may not be as bad as expected as we are ready to open most economic activity starting in May, so it will be 1 full month June of activity.....

Market always looks ahead, so be wary of 48 hours view of some pundits...

We have almost seen the low point, so its gradual move up to full blast starting in July 2020...

China is well ahead of the world and is already open for full business, China is the one supplying majority of the mask for entire world already.....

Macau is in business

Las Vegas is rolling the dice

Georgia........

There is great optimism for North America opening up sometimes in May.....

SO..lets gear up and position for near term improvement from abyss.....

On a side note, it is year 14 for this BLOG, started this BLOG on April 15th, 2007......til this date have written 7,189 BLOG.......

Reach of this BLOG is worldwide and have daily visitors from @ least 15 countries, majority of my audience is in USA...so a huge thank you.....I did go to University Of Hawaii and met my wife from Nepal there on US East West Center 4 years all paid Scholarship.

My entire family, 4 brothers & 2 sisters with their children,  plus my mother live in USA.

Second most visitors are from Europe and they keep taking turns with most from Russia, Ukraine, UK, Germany, France, Portugal, Ireland and yes Canada always ties in 3rd place.....so a huge thank you for all nationalities all the way to Africa.....China, Hong Kong, India figure prominently....

I sincerely hope that my effort is worthy of your time and please keep visiting!

BLOG does NOT give buy or sell.

Saleem

Friday, April 24, 2020

Indices closed UP 1.11% to 1.65%....NICE!!!

Indices closed UP despite very weak economic data in USA. Oil staying positive was the decisive factor.

S&P 500 @ 2836.74, high 2842.71, low 2791.76

RSI @ 55.01

CMF @ 0.072

Internals were :

UP volume led by 1.43 to 1 in NYSE & 3.28 to 1 in Nasdaq

Advancing stocks led by 1.63 to 1 in NYSE & 2.01 to 1 in Nasdaq

Net new 52 wk lows were leading by 26 in NYSE & highs by 18 in Nasdaq

VIX Down 13.17% @ 35.93

Oil @ $16.94

Gold @ $1735.60

Canadian $ @ .5896

In my portfolio...Bought AMD @ $55.05

Portfolio AMD AAL CIEN CNX DDOG MGM MU SU TWTR

Stocks which were UP 2%+++ CIEN DDOG MGM TWTR
AAPL GILD MRNA SHOP KBH PHM VICR LYFT FB
QCOM XLNX BYND TWLO TSLA UBER FEYE
CGC QRVO NTNX CHK OSTK SWKS CMG
IBM....

Here is my portfolio weighting :

SU         15.59%
MU       15.48% 
CIEN    13.99%
AAL     10.32%
TWTR 10.07%
AMD     9.84%
MGM    8.72%
CNX     8.61%
DDOG 7.38%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, April 23, 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2797.80, low 2794.26, high 2844.90

RSI @ 53.13

CMF @ 0.095

Internals were :

UP volume led by 1.92 to 1 in NYSE & 1.55 to 1 in Nasdaq

Advancing stocks led by 1.64 to 1 in NYSE & 1.52 to 1 in Nasdaq

Net new 52 wk highs were leading by 17 in NYSE & 13 in Nasdaq

VIX Down 1.43% @ 41.38

Oil @ $16.50

Gold @ $1745.40

Canadian $ @ .5965

In my portfolio :

Sold APA @ $10.50

Bought CNX @ $11.58

Portfolio AAL CIEN CNX DDOG MGM MU SU TWTR

Stocks which were UP 1% or more included MGM SU APA
CCL BA VICR JKS SQ SPWR BYND FB AEM AMZN
FEYE FSLR CSIQ NFLX CHK LNG YELP WYNN
LVS IBM.....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was UP nicely until GILD data was released, instant slump then recovery to mixed close. Internals were all positive. This TAPE is still very jittery on any news good or bad and is reactionary. Friday may not be indicative of where we are in COVID-19 news cycle, Monday may be a better day where normalization may be in focus.

BLOG does NOT give buy or sell.

Saleem

Wednesday, April 22, 2020

Indices closed UP 1.99% to 2.81%....NICE!!!!

Indices closed UP.

S&P 500 @ 2799.31, high 2815.10, low 2775.95

RSI @ 53.21

CMF @ 0.116

Internals were :

UP volume led by 2.48 to 1 in NYSE & 1.74 to 1 in Nasdaq

Advancing stocks led by 2.50 to 1 in NYSE & 1.99 to 1 in Nasdaq

Net new 52 wk low were leading by 13 in NYSE & highs by 14 in Nasdaq

VIX Down 7.55% @ 41.98

Oil @ $13.78

Gold @ $1738.30

Canadian $ @ .5964

Portfolio AAL APA CIEN DDOG MGM MU SU TWTR

Stocks which were UP 6% or more included APA MU SU TWTR
SHOP SQ NVDA FB TSLA LRCX AMAT EXPE QRVO SNAP
NTNX CHK CMG....

AH Futures Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was strong from open on good earnings, TAPE closed near high of the day. Most sector participated in this rally except Airlines, Technology was the strongest showing 6%++++ gains. Georgia ignoring directives for stage 1 by including few stage 3 in their economic revival format. Rally should have follow through on Thursday.

BLOG does NOT give buy or sell.

Saleem

Tuesday, April 21, 2020

Indices closed down 2.67% to 3.48%.....

Indices closed down.

S&P 500 @ 2736.56, low 2727.10, high 2785.54

RSI @ 50.32

CMF @ 0.167

Internals were :

Down volume led by 4.58 to 1 in NYSE & 2.18 to 1 in Nasdaq

Declining stocks led by 4.12 to 1 in NYSE & 3.17 to 1 in Nasdaq

Net new 52 wk lows were leading by 48 in NYSE & 17 in Nasdaq

VIX UP 3.60% @ 45.41

Oil @ $10.01

Gold @ $1687.80

Canadian $ @ .5797

Portfolio AAL APA CIEN DDOG MGM MU SU TWTR

Stocks which closed green included APA 
CNX BYND UAL TK X....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under selling pressure from open until close, closing near low of the day. Oil continued its strange action gaining on May contract but losing huge percent in June, July & August contract. AH earnings report was mostly positive with SNAP being UP the-most. Hopefully market action for Wednesday is positive,

BLOG does NOT give buy or sell.

Saleem

Monday, April 20, 2020

Indices closed down 1.03% to 2.44%.....

Indices closed down.

S&P 500 @ 2823.16, low 2820.43, high 2868.98

RSI @ 54.65

CMF @ 0.182

Internals were :

Down volume led by 3.53 to 1 in NYSE & .87 to 1 in Nasdaq

Declining stocks led by 3.04 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk lows were leading by 7 in NYSE & highs by 118 in Nasdaq

VIX UP 14.89% @ 43.83

Oil @ Negative 37.63

Gold @ $1711.30

Canadian $ @ .5929

In my portfolio :

Added 70% APA @ $8.48
Added 2 sets of 100%+ MGM @ $14.20 & $13.48
Sold CNX @ $12.45

Portfolio AAL APA CIEN DDOG MGM MU SU TWTR

Stocks which closed green included CIEN DDOG TWTR CNX
ROKU SHOP LYFT BYND BABA NFLX CLVS OSTK AMZN

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE closed @ low of the day, Oil took a rare beating and went into deep negative first time in history of trading. Demand destruction is taking a heavy toll on oil & gasoline as most people are staying home worldwide. Singapore is experiencing second wave of COVID-19 which is quite alarming. Vaccine is badly needed then only we will be back to normal.

BLOG does NOT give buy or sell.

Saleem

Sunday, April 19, 2020

Nasdaq & SOX leading indicators for market.....

Nasdaq & SOX are showing major technical strength by being above 50 & 200 DMA.....both ready to make  " golden cross "

S&P 500 is above 50 DMA but below 200 DMA......

DOW only 250 pints away from being above 50 DMA....

It has been a long time since we made such a decisive technical improvement....

Oil made another 18 year low but oil stocks & XLE were flying 10% higher.....

Earnings are coming daily, banks were greeted with downbeat reaction which surprised me.

Earnings for last Q and this Q is a write off considering everything is shutdown @ the moment....

I expect most industries & sectors to get back to operation sometimes in May with new rules and less congestion.....

Airlines, Shipping & Casinos should be operational....in May...

Macau has opened with new format.....

Starting in June which is the last month of Q 2 should bring new reality into Sales picture.

Some states are opening as of Monday as are some Countries relaxing shutdown.....

Gradually we should get some Sales into mix......

Many hard hit industries like Oil, Airlines, Shipping & Casinos will move the-most from here....as they have been trashed the-most.

SO...have a mix of speculative stocks with strong stocks to get max return on investments....

Good luck with your own understanding of economic picture & comfort level with speculation.

BLOG does NOT give buy or sell.

Saleem

Friday, April 17, 2020

Indices closed UP 1.38% to 2.99%...NICE !!!!

Indices closed UP and near high of the day, boost was given by couple of drugs related to COVID-19 plus opening of China in full swing and preparation in USA, all made into a very bullish day. Oil stocks & ETF XLE were jumping around 10% @ close.

S&P 500 @ 2874.56, high 2879.22, low 2830.88

RSI @ 57.36

CMF @ 0.149

Internals were :

UP volume led by 6.81 to 1 in NYSE & 4.03 to 1 in Nasdaq

Advancing stocks led by 5.22 to 1 in NYSE & 3.88 to 1 in Nasdaq

Net new 52 wk highs were leading by 2 in NYSE & 27 in Nasdaq

VIX Down 4.89% @ 38.15

Oil @ $18.27

Gold @ $1698.80

Canadian $ @ .5989

In my portfolio :

Bought in pre market
DDOG $41.00
Added 75% MU @ $46.82
Added 100% TWTR @ $27.30
Bought AH in last seconds MGM @ $14.01

Stocks which were UP 4% or more included AAL APA SU
CCL SHOP KBH PHM NKE BA LYFT SQ LULU TWLO
FSLR CLVS LNG YELP WYNN MA V CMG GILD
MRNA....

Here is my portfolio weighting :

MU         18.79%

SU          17.87%

CIEN      15.57%

AAL       13.58%

TWTR    10.27%

DDOG    8.31%

CNX       7.81%

APA       4.93%

MGM     2.87%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, April 16, 2020

Indices closed UP .14% to 1.66%....NICE!!!!

Indices closed UP.

S&P 500 @ 2799.55, high 2806.51, low 2764.32

RSI @ 54.28

CMF @ 0.123

Internals were :

Down volume led by 2.19 to 1 in NYSE & .55 to 1 in Nasdaq

Declining stocks led by 1.59 to 1 in NYSE & 1.22 to 1 in Nasdaq

Net new 52 wk lows were leading by 23 in NYSE & 19 in Nasdaq

VIX Down 1.79% @ 40.11

Oil @ $19.87

Gold @ $1731.70

Canadian $ @ .5852

In my portfolio :

Sold JD @ $46.36 in regular hours
Sold MGM @ $15.35...AH closing seconds...its 7 PM for AH in  Canada @ TD Webbroker....
Sold CCL @ $13.20.... AH closing seconds
Bought MU @ $45.61 in regular hours

Portfolio AAL APA CIEN CNX MU SU TWTR

Stocks which closed green included CIEN JD
AMD ROKU BIDU SHOP DHI VICR ASML
XLNX BZUN NVDA TSM TSLA AMAT 
BABA NFLX OLED PANW QRVO YY
DDOG SINA OSTK MSFT ULTA CMG
SWKS LRCX.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was flat whole day then jumped to high of the day in last hour.Lot of excitement AH for GILD experimental treatment which brought fever down in a hurry. White House has issued guidance for gradual lifting of lock down with strict adherence. Futures are flying on both count, IF experiment holds up, we may have a breakthrough for COVID-19 treatment / vaccine.

BLOG does NOT give buy or sell.

Saleem

Wednesday, April 15, 2020

Indices closed down 1.44% to 2.20%....

Indices closed down.

S&P 500 @ 2783.36, low 2761.54, high 2801.88

RSI @ 53.51

CMF @ 0.117

Internals were :

Down volume led by 8.63 to 1 in NYSE & 1.85 to 1 in Nasdaq

Declining stocks led by 4.77 to 1 in NYSE & 3.43 to 1 in Nasdaq

52 wk net lows were leading by 26 in NYSE & 1 in Nasdaq

VIX UP 8.16% @ 40.84

Oil @ $19.87

Gold @ $1740.20

Canadian $ @ .5880

In my portfolio...bought TWTR @ $27.18

Portfolio AAL APA CCL CIEN CNX JD MGM SU TWTR

Stocks which closed green included AAL CNX JD
ROKU SHOP BA LULU TWLO TSLA AMZN
UAL MTCH BABA NFLX......

AH futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE opened lower and closed near low of the day. Economic data in USA was weak as expected under Corona shutdown, but market was surprised and extensive 2 cents analysis carried on whole day. These pullbacks gives you a chance to rethink about your portfolio and adjust based on current momentum. Strong stocks exists in each sector, so pay attention in your selection.

BLOG does NOT give buy or sell.

Saleem

Tuesday, April 14, 2020

Indices closed UP 2.39% to 3.95%....NICE !!!!

Indices closed UP.

S&P 500 @ 2846.06, high 2851.85, low 2805.10

RSI @ 56.60

CMF @ 0.154

Internals were :

UP volume led by 1.83 to 1 in NYSE & 3.69 to 1 in Nasdaq

Advancing stocks led by 3.22 to 1 in NYSE & 2.52 to 1 in Nasdaq

Net new 52 wk highs were leading by 11 in NYSE & 12 in Nasdaq

VIX Down 8.28% @ 37.76

Oil @ $20.11

Gold @ $1768.90

Canadian $ @ .6090

In my portfolio:

Bought CNX @ $9.57
Added 100% AAL @ $11.97

Portfolio AAL APA CCL CIEN CNX JD MGM SU

Stocks which closed UP 3% or more AAL CCL CNX MGM 
AMD ROKU DAL MU SHOP SQ QCOM NVDA MSFT
TSLA LRCX AMZN AMAT NFLX OLED QRVO 
NTNX LNG FSLR WYNN LVS SWKS NKE V
CMG.....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong from open till close, closed near high of the day. Internals were positive. Most sector participated in today's rally except oil stocks as oil took another dip based on demand concern. US is opening economic activity in some states as of May 1, which is a good thing. Fed had agreement with US airlines for bailout money which should push airlines stock higher on Wednesday.

BLOG does NOT give buy or sell.

Saleem

Monday, April 13, 2020

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2761.63, low 2721.17, high 2782.46

RSI @ 53.35

CMF @ 0.071

Internals were :

Down volume led by 2.55 to 1 in NYSE & .88 to 1 in Nasdaq

Declining stocks led by 2.57 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk highs were leading by 1 in NYSE & 1 in Nasdaq 

VIX Down 1.20% @ 41.17

Oil @ $22.41

Gold @ $1761.40

Canadian $ @ .6041

In my portfolio :

All in After hours....

Sold ROKU @ $$104.48
Sold AMD @ $51.25
Bought CCL @ $11.61
Bought MGM @ $13.99

Portfolio AAL APA CCL CIEN JD MGM SU

Stocks which closed green APA JD ROKU AMD
CNX SHOP BYND NVDA TSLA NEM AEM
AMZN AAPL SPLK BABA NFLX PANW
QRVO NTNX JKS DDOG....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was managed to keep oil from going UP, when big money is short oil, they do know how to manage information & TAPE, 15 million cut in production was reduced to 9.7 million so easily by proxies in media. Make sure you are buying strategically to ensure quick turnaround, I do expect TAPE will be managed lower @ some point.

BLOG does NOT give buy or sell.

Saleem

Sunday, April 12, 2020

Stock market rally to continue...YES!

US stock market is showing relative  better performance compared to other world stock market..

Reasons are many......

Stock market predicts six months ahead.....

US is taking fighting Covid-19 very seriously....

New York has shown real leadership in its fight to deal and contain infection.

Covid-19 is tapering worldwide.....

Most countries are ready to open their economies as early as Monday the 13th April, 2020

US getting green light to open up from May 1st, 2020

Sweden never closed anything except common sense approach of avoiding crowd of more than 50 and monitoring and containment of Senior citizens, Schools & Factories were open...they have lowest number of infection and death in the world.

From doom and gloom to hope stage have taken over worldwide......

Most countries will amend how they operate their daily business.....

OPEC plus has a deal of 15 million barrel cut in production....it took 3 days but it is all done and agreed upon.....

Cannot hope for better turn of event for coming week......

Market should rally 1000+++ points on Monday.....

All the bears will jump in and claim they had the right call......

Serious inflow of funds in equities......

Exposure should be in maximum......

Oil stocks / ETF / 3X bull should outperform.....reason....oil is @ low of the year / decade / 20 years based on Friday's close......

All in all ...happy day's are here!

Good luck with your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Thursday, April 9, 2020

Indices closed UP .77% to 1.45%....NICE!!!

Indices closed UP. Nasdaq had first back to back gain since first week of March 2020. Key averages gained 12% for the week, a week to remember for sure. Internals are all positive first time since first week of March 2020.

S&P 500 @ 2789.82, high 2818.57, low 2762.36

RSI @ 54.62

CMF @ 0.117

Internals were :

UP volume led by 3.58 to 1 in NYSE & 4.55 to 1 in Nasdaq

Advancing stocks led by 6.07 to 1 in NYSE & 3.57 to 1 in Nasdaq

Net new 52 wk highs were leading by 12 in NYSE & 0 in Nasdaq

VIX Down 3.88% @ 41.67

Oil @ $22.76

Gold @ $1752.80

Canadian $ @ .6016

In my portfolio :

Sold DAL @ $24.75
Sold TWTR @ $28.90
Bought AMD @ $49.00
Bought CIEN @ $45.90
Bought APA @ $9.70
Bought AAL @ $12.65

Stocks which were UP 4% or more included AAL APA ROKU DAL
VICR IQ BYND TSLA NEM AEM UAL LNG MCD CMG M....

Here is my portfolio weighting :

SU           20.75%

ROKU     20.64%

AMD       18.50%

CIEN      17.47%

JD             9.41%

AAL          7.97%

APA         5.26%

Next post on Sunday by 6 PM.

BLOG does NOT give buy or sell.

Saleem

Wednesday, April 8, 2020

Indices closed UP 2.58% to 3.44%...NICE !!!!

Indices closed UP.

S&P 500 @ 2749.98, high 2760.75, low 2663.30

RSI @ 53.15

CMF @ 0.058

Internals were :

UP volume led by 12.37 to 1 in NYSE & 6.09 to 1 in Nasdaq

Advancing stocks led by 6.80 to 1 in NYSE & 4.96 to 1 in Nasdaq

Net new 52 wk lows were leading by 9 in NYSE & 14 in Nasdaq

VIX Down 7.17% @ 43.35

Oil @ $25.09

Gold @ $1684.30

Canadian $ @ .5979

In my portfolio :

Bought CNX in pre market @ $8.37
Added 60% CNX @ $8.13
Sold CNX in after hour @ $9.29

Portfolio DAL JD ROKU SU TWTR

Stocks which were UP 4% or more included DAL TWTR CNX
SHOP DHI KBH PHM VICR LYFT SQ TWLO UBER UAL
SPLK AMAT QRVO LNG YELP WYNN LVS MA MS
OSTK ULTA X.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE defied bearish logic and closed UP near high of the day. There are many many skeptics @ early stage of rally after major slump, outsize gains are there for takers. By the time most feel all clear, pullback starts from overbought condition. Oil, Airlines & Home builders  were the stars of the day with double digits gains. Reason for today's rally Corona peaking in New York and oil had a huge PM spike on Russian cut in production.

BLOG does NOT give buy or sell.

Saleem

Tuesday, April 7, 2020

Indices closed down .12% to .33%......

Indices closed down.

S&P 500 @ 2659.41, low 2657.67, high 2756.89

RSI @ 49.73

CMF @ 0.007

Internals were :

UP volume led by 2.30 to 1 in NYSE & 1.34 to 1 in Nasdaq

Advancing stocks led by 2.71 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new 52 wk lows were leading by 28 in NYSE & 28 in Nasdaq

VIX UP 3.23% @ 46.70

Oil @ $23.63

Gold @ $1683.70

Canadian $ @ .6024

In my portfolio :

Sold MU $48.08 in pre market
Sold AMD $49.00 in pre market
Sold CNX $8.45
Added 200% SU @ $17.00
Bought DAL @ $22.43 in after hour

Portfolio DAL JD ROKU SU TWTR

Stocks which were UP 1%++ JD TWTR CIEN CNX
JKS LYFT IQ MOMO QCOM WB BYND FB TSLA
LRCX UAL SPLK AMAT OLED WYNN LVS CMG
M......

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong from open but faded completely by close and closed @ low of the day. Internals were mostly positive. Lot of technical analysis is being done on close, for me it is a normal trading pattern when we crash this low. Booking profit on strong open should be followed and opportunistic buying on weakness is highly recommended for a volatile market which we got.

BLOG does NOT give buy or sell.

Saleem

Monday, April 6, 2020

Indices closed UP 7.03% to 7.73%....NICE !!!!

Indices closed UP.

S&P 500 @ 2663.68, high 2676.85, low 2574.57

RSI @ 49.89

CMF @ 0.102

Internals were :

UP volume led by 11.87 to 1 in NYSE & 6.07 to 1 in Nasdaq

Advancing stocks led by 8.05 to 1 in NYSE & 5.67 to 1 in Nasdaq

Net new 52 wk lows were leading by 34 in NYSE & 37 in NYSE

Oil @ $26.08

Gold @ $1693.90

Canadian $ .5866

In my portfolio :

Bought CNX @ $6.79
Added 75% JD @ $40.80
Added 40% ROKU @ $86.32
Sold CIEN @ $43.90

Portfolio AMD CNX JD MU ROKU SU TWTR

Stocks which were UP 7% or more AMD CNX MU ROKU TWTR
CIEN KBH PHM NKE VICR LYFT UBER SQ QCOM BYND
LULU NVDA MCD MSFT FB LRCX AAPL SPLK AMAT 
GOOG OLED QRVO YELP WYNN MA MS ULTA V
SWKS.......

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE rocketed UP on hope that COVID-19 is peaking worldwide.Internals were strong. Most sector participated in today's rally, most stocks were UP in 10%++ gain for the day. Most traders who were not in the market missed a huge day across the board.

BLOG does NOT give buy or sell.

Saleem


Sunday, April 5, 2020

UP or Down in US stock market?

Most traders are fixated on where US stock market is headed......

Dan Nathan is 1000% sure we are heading way lower....like 1600 in S&P 500....

Whole Fast Money gang is super bearish  and is cheering on Dan Nathan for speaking out while others are going round and round around negativity......

I find negativity on CNBC very healthy.......

This allows me to be more focus on selecting or having the-best stock going forward.....

For me .....where S&P 500 is headed is not the most important focus....it is where stocks are going to be.....

Bearishness keeps many stocks from making new all time highs....thus gives you a chance to buy now......

SO thank you Dan Nathan and his comrades for keeping stocks cheaper...while we all accumulate them.....

Oil may be under pressure @ open ...again it is a chance to be patient IF you have exposure there as OPEC has delayed meeting until Wednesday instead of Monday....not an earth shattering delay of 48 hours...BUT pundits will call this extremely bearish 48 hours????

Gold will vault on Oil meeting delay, thus an opportunity to make money.....

Corona Virus is playing havoc worldwide...may put pressure @ open....thus another chance to buy on weakness.....

More negatives for Monday means add to existing position or buy new ideas...

Markets will always do what it needs to do, so no point in worrying about that...focus on stocks.....

OH....VIX is telling a different story, it has tumbled from 85.47 to 46.80 even on Down Friday...may be it knows more than Dan Nathan......

Good luck with your own ideas and comfort level.

BLOG does NOT give buy or sell.

Saleem