Indices closed near high of the day again.
S&P 500 closed @ 1472.34
RSI @ 64.37
CMF @ 0.341
Internals were :
UP volume led by 1.89 to 1 in NYSE & 1.13 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 172 in NYSE & 82 in Nasdaq
VIX closed UP .22% @ 13.55
Oil closed @ $93.28
Gold closed @ $1683.90
Stocks which were UP 1% or more included APKT,JCP,
SCCO,M,EXPE,GG,PANW,CLF,FNSR,JDSU,FSLR,
X,STLD,CCJ,MS,MLNX,KOG....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, Wednesday could be the day when S&P 500 makes a new 52 wk high. TAPE has been strong as we close near high of the day back to back. CMF is @ its highest point in several months as new allocation to stocks takes hold. It is important to have a sell target as we go into few days of higher highs.
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 15, 2013
Indices lower by .03% to 26%.......
Indices are near high of the day.
S&P 500 @ 1469.72, low today 1463.76
Internals are mostly positive
Oil Down 13 cents
Gold UP $13.90
Canadian $ unchanged @ 101.60
VIX UP .44% @ 13.58
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are UP
@ 1.36 following are Down :
CF,LEN,AMZN,LULU,FB,HMC,RVBD,RIMM,
BIDU,LNKD,AAPL,MA,V,CRUS,LRCX,
BRCM,SNDK,NVDA,SBUX,MCD,
QIHU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1469.72, low today 1463.76
Internals are mostly positive
Oil Down 13 cents
Gold UP $13.90
Canadian $ unchanged @ 101.60
VIX UP .44% @ 13.58
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are UP
@ 1.36 following are Down :
CF,LEN,AMZN,LULU,FB,HMC,RVBD,RIMM,
BIDU,LNKD,AAPL,MA,V,CRUS,LRCX,
BRCM,SNDK,NVDA,SBUX,MCD,
QIHU.....
BLOG does NOT give buy or sell.
Saleem
Monday, January 14, 2013
Indices closed mixed.....
Indices were mixed @ close.
S&P 500 @ 1470.68
RSI @ 63.81
CMF @ 0.277
Internals were :
Down volume led by 1.22 to 1 in NYSE & .74 to 1 in Nasdaq
Declining stocks led by 1.00 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 212 in NYSE & 115 in Nasdaq
VIX @ 13.52
Oil closed @ $94.14
Gold closed @ $1669.40
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
AH News LULU Down 6.89%
About market, TAPE was displaying resiliency today. Despite AAPL being down, market held up well. Today Jimmy the Cramer lashed out @ AAPL for its current malaise of nothing "ahead of the curve". Indices needs to move decisively above current resistance & stay above for several days. Based on Today's TAPE, indices may just do that.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1470.68
RSI @ 63.81
CMF @ 0.277
Internals were :
Down volume led by 1.22 to 1 in NYSE & .74 to 1 in Nasdaq
Declining stocks led by 1.00 to 1 in NYSE & 1.08 to 1 in Nasdaq
Net new 52 wk highs were leading by 212 in NYSE & 115 in Nasdaq
VIX @ 13.52
Oil closed @ $94.14
Gold closed @ $1669.40
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
AH News LULU Down 6.89%
About market, TAPE was displaying resiliency today. Despite AAPL being down, market held up well. Today Jimmy the Cramer lashed out @ AAPL for its current malaise of nothing "ahead of the curve". Indices needs to move decisively above current resistance & stay above for several days. Based on Today's TAPE, indices may just do that.
BLOG does NOT give buy or sell.
Saleem
Indices Mixed.....
Indices are mixed with Dow in green.
S&P 500 @ 1468.46, low today 1465.69
Internals are negative.
Oil UP 6 cents
Gold UP $8.70
Canadian $ UP 5 tick @ 101.64
VIX UP 1.35% @ 13.54
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are down
@ 1.47 following are green :
APKT,CF,KORS,JCP,AMZN,PCLN,HMC,
YHOO,SCCO,M,LULU,EXPE,AEM,GG,
EGO,SLW,RIMM,PANW,FNSR,MON,
CCJ,WYNN,AGU,IBN.....
LEN reports before open
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1468.46, low today 1465.69
Internals are negative.
Oil UP 6 cents
Gold UP $8.70
Canadian $ UP 5 tick @ 101.64
VIX UP 1.35% @ 13.54
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are down
@ 1.47 following are green :
APKT,CF,KORS,JCP,AMZN,PCLN,HMC,
YHOO,SCCO,M,LULU,EXPE,AEM,GG,
EGO,SLW,RIMM,PANW,FNSR,MON,
CCJ,WYNN,AGU,IBN.....
LEN reports before open
BLOG does NOT give buy or sell.
Saleem
Sunday, January 13, 2013
Too many bulls ?
Many technical indicators are flashing sell signal ?
Here is few to keep in mind :
-CMF 0.223..highest level since September 2012
-RSI 64.59...near high since September 2012
-Bulls 51.1% Bears 23.4%..Bulls @ highest level in a long time....
-S&P 500 @ 1472.05.....near high point of several years.....
-VIX @ 13.36...2 multi year low..denotes extreme bullishness
-Euphoria is @ extremely high level as everybody is talking bullish...Bears voice is non-existent...
It is important to recognize these extreme bullish readings, & factor in your decision making & or comfort level.
What happens @ these extreme levels on a historical basis, That we may overshoot & then fall hard for weeks.
IF we look @ S&P 500, it may make a nominal high & go to around 1500 area & then retreat & drift lower..
It is extremely critical to take advantage of high prices & book gains.....
Some of you may be looking @ outsize gains in your portfolio, cashing @ this stage is prudent.......
As you can tell, i am extremely nervous about TAPE, it is too good currently.
I may reduce my exposure this week to extremely low level & may wait for better pricing.
It is good to be wrong near highs, as nobody has the talent to lock highest prices.
Good luck in your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Here is few to keep in mind :
-CMF 0.223..highest level since September 2012
-RSI 64.59...near high since September 2012
-Bulls 51.1% Bears 23.4%..Bulls @ highest level in a long time....
-S&P 500 @ 1472.05.....near high point of several years.....
-VIX @ 13.36...2 multi year low..denotes extreme bullishness
-Euphoria is @ extremely high level as everybody is talking bullish...Bears voice is non-existent...
It is important to recognize these extreme bullish readings, & factor in your decision making & or comfort level.
What happens @ these extreme levels on a historical basis, That we may overshoot & then fall hard for weeks.
IF we look @ S&P 500, it may make a nominal high & go to around 1500 area & then retreat & drift lower..
It is extremely critical to take advantage of high prices & book gains.....
Some of you may be looking @ outsize gains in your portfolio, cashing @ this stage is prudent.......
As you can tell, i am extremely nervous about TAPE, it is too good currently.
I may reduce my exposure this week to extremely low level & may wait for better pricing.
It is good to be wrong near highs, as nobody has the talent to lock highest prices.
Good luck in your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, January 11, 2013
Indices closed UP .12% to .59%......NICE !!!!
Indices are displaying technical strength by closing higher near high of the day & in the process making higher highs..
S&P 500 @ 1472.05
RSI @ 64.59
CMF @ 0.223
Internals were :
UP volume led by .73 to 1 in NYSE & 1.66 to 1 in Nasdaq
Declining stocks led by 1.12 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 231 in NYSE & 110 in Nasdaq
VIX down .96% @ 13.36, made a new 52 wk low today @ 13.22
Oil closed @ $93.56
Gold closed @ $1660.60
Canadian $ closed @ 101.58
Stocks which were UP 1% or more included KORS,
FB,YHOO,RVBD,RIMM,PANW,BIDU,FFIV,
COH,GMCR,LRCX,MU,SNDK,EGO,MLNX,
AGU.....
In my portfolio :
Bought APKT @ $22.79
Portfolio weighting is :
TCK 23.39%
KORS 21.45%
YUM 18.76%
JCP 15.65%
CF 13.60%
APKT 7.15%
Exposure 82%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1472.05
RSI @ 64.59
CMF @ 0.223
Internals were :
UP volume led by .73 to 1 in NYSE & 1.66 to 1 in Nasdaq
Declining stocks led by 1.12 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 231 in NYSE & 110 in Nasdaq
VIX down .96% @ 13.36, made a new 52 wk low today @ 13.22
Oil closed @ $93.56
Gold closed @ $1660.60
Canadian $ closed @ 101.58
Stocks which were UP 1% or more included KORS,
FB,YHOO,RVBD,RIMM,PANW,BIDU,FFIV,
COH,GMCR,LRCX,MU,SNDK,EGO,MLNX,
AGU.....
In my portfolio :
Bought APKT @ $22.79
Portfolio weighting is :
TCK 23.39%
KORS 21.45%
YUM 18.76%
JCP 15.65%
CF 13.60%
APKT 7.15%
Exposure 82%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, January 10, 2013
Indices closed UP .51% to .76%....NICE !!!
Indices closed near high of the day.
S&P 500 closed @ 1472.12
RSI @ 64.62
CMF @ 0.147
Internals were :
UP volume led by 3.19 to 1 in NYSE & 2.27 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 280 in NYSE & 143 in Nasdaq
VIX closed Down 2.32% @ 13.49
Oil closed @ $93.82
Gold closed @ $1678.00
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, S&P 500 is all set to make new 52 wk high, this may trigger more short covering & more higher highs.TAPE is strong & many stocks are getting ready to make new 52 wk highs, this list includes CF, TCK, AMZN to name a few. It is important to ride this strength for maximum gains. I will keep an eye on RSI when it hits 75 in S&P 500 or individual stocks, that is perfect time to book profit.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1472.12
RSI @ 64.62
CMF @ 0.147
Internals were :
UP volume led by 3.19 to 1 in NYSE & 2.27 to 1 in Nasdaq
Advancing stocks led by 1.85 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 280 in NYSE & 143 in Nasdaq
VIX closed Down 2.32% @ 13.49
Oil closed @ $93.82
Gold closed @ $1678.00
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, S&P 500 is all set to make new 52 wk high, this may trigger more short covering & more higher highs.TAPE is strong & many stocks are getting ready to make new 52 wk highs, this list includes CF, TCK, AMZN to name a few. It is important to ride this strength for maximum gains. I will keep an eye on RSI when it hits 75 in S&P 500 or individual stocks, that is perfect time to book profit.
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)