Indices are down after a sharp snapback yesterday.
S&P 500 @ 1508.08
Internals are negative
Oil Down 9 cents
Gold UP $4.00
Canadian $ Down 10 tick @ 100.28
VIX UP 2.19% @ 14.02
In my portfolio :
Added 150% BBRY @ 15.84
Portfolio is BAC,CRUS,BBRY,YHOO
Exposure 85%
Most stocks are down
@ 2.08 following are green :
BBRY,CRUS,YHOO,KORS,FB,LULU,
AAPL,CMG,GOOG,RVBD,YUM,BIDU,
FFIV,COH,CLF,LNKD,PCLN,GMCR,
ZNGA,JDSU,SNDK,MOS,FSLR,MCD,
X,STLD,SLW,MA,SINA,MGA,BJRI,
FCX,AGU.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 6, 2013
Tuesday, February 5, 2013
Indices closed UP .71% to 1.29%.....NICE !!!!
Indices rebounded nicely by closing green.
S&P 500 @ 1511.29, high today was 1514.96.
RSI @ 65.25
CMF @ 0.380
Internals were :
UP volume led by 3.42 to 1 in NYSE & 6.63 to 1 in Nasdaq
Advancing stocks led by 2.68 to 1 in NYSE & 2.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 233 in NYSE & 116 in Nasdaq
VIX Down 6.48% @ 13.72
Oil closed @ $96.64
Gold closed @ $1673.50
Stocks which were UP 1% or more included BAC,BBRY,YHOO,
TCK,FB,AMZN,AAPL,EXPE,PCLN,M,LEN,JCP,MA,V,MU,
GMCR,ZNGA,LRCX,JDSU,FNSR,CIEN,C,QCOM,NVDA,
FSLR,X,QIHU,ECA,MS,KOG,GS,FCX.....
AH ER :
DIS UP 2.74%
PNRA UP 3.70%
EXPE UP 4.96%
ZNGA UP 6.57%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE resiliency should have been noted by every trader, not only indices came back strong but also made a " new 2013 high in S&P 500"...Feb 1 high of 1514.41 was taken out intraday. This IS a strong bull market, 2013 should see many highs taken out repeatedly.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1511.29, high today was 1514.96.
RSI @ 65.25
CMF @ 0.380
Internals were :
UP volume led by 3.42 to 1 in NYSE & 6.63 to 1 in Nasdaq
Advancing stocks led by 2.68 to 1 in NYSE & 2.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 233 in NYSE & 116 in Nasdaq
VIX Down 6.48% @ 13.72
Oil closed @ $96.64
Gold closed @ $1673.50
Stocks which were UP 1% or more included BAC,BBRY,YHOO,
TCK,FB,AMZN,AAPL,EXPE,PCLN,M,LEN,JCP,MA,V,MU,
GMCR,ZNGA,LRCX,JDSU,FNSR,CIEN,C,QCOM,NVDA,
FSLR,X,QIHU,ECA,MS,KOG,GS,FCX.....
AH ER :
DIS UP 2.74%
PNRA UP 3.70%
EXPE UP 4.96%
ZNGA UP 6.57%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE resiliency should have been noted by every trader, not only indices came back strong but also made a " new 2013 high in S&P 500"...Feb 1 high of 1514.41 was taken out intraday. This IS a strong bull market, 2013 should see many highs taken out repeatedly.
BLOG does NOT give buy or sell.
Saleem
Indices UP .85% to 1.25%.....NICE !!!!
Indices are higher on encouraging economic data from EU.
S&P 500 @ 1511.93
Internals are positive by minimum 2 to 1
Oil UP 64 cents
Gold Down $4.60
Canadian $ UP 20 tick @ 100.29
VIX Down 7.77% @ 13.53
Portfolio is BAC,BBRY,CRUS,YHOO
Most stocks are UP
@ 1.58 following are red :
CRUS,CSOD,CF,DNKN,POT,AEM,GG,
YUM,BIDU,CLF,CCJ,SINA,BJRI,IBN,
MLNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1511.93
Internals are positive by minimum 2 to 1
Oil UP 64 cents
Gold Down $4.60
Canadian $ UP 20 tick @ 100.29
VIX Down 7.77% @ 13.53
Portfolio is BAC,BBRY,CRUS,YHOO
Most stocks are UP
@ 1.58 following are red :
CRUS,CSOD,CF,DNKN,POT,AEM,GG,
YUM,BIDU,CLF,CCJ,SINA,BJRI,IBN,
MLNX....
BLOG does NOT give buy or sell.
Saleem
Monday, February 4, 2013
Indices down .93% to 1.51%.......
Europe put the scare back in worldwide markets today.
S&P 500 @ 1495.71
RSI @ 59.65
CMF @ 0.354
Internals were :
Down volume led by 5.70 to 1 in NYSE & 4.64 to 1 in Nasdaq
Declining stocks led by 3.71 to 1 in NYSE & 3.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in both NYSE & Nasdaq ( not a typo)
VIX jumped 13.72% @ 14.67
Oil @ $96.17
Gold @ $1676.40
AH ER :
BIDU Down 5.88%
YUM Down 5.41%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, here we are down 1.28% from absolute high of 1514.41, after a straight run UP of 8.32%. This is a normal day @ the office nothing more. Those who are reading more than what it could be, here is the next support which is around 1474 area. This is a strong bull market in an improving worldwide economy. Corruption in few countries is NOT a earth shattering news which could derail a strong market. There was opportunity today to buy, for those under-invested.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1495.71
RSI @ 59.65
CMF @ 0.354
Internals were :
Down volume led by 5.70 to 1 in NYSE & 4.64 to 1 in Nasdaq
Declining stocks led by 3.71 to 1 in NYSE & 3.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in both NYSE & Nasdaq ( not a typo)
VIX jumped 13.72% @ 14.67
Oil @ $96.17
Gold @ $1676.40
AH ER :
BIDU Down 5.88%
YUM Down 5.41%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, here we are down 1.28% from absolute high of 1514.41, after a straight run UP of 8.32%. This is a normal day @ the office nothing more. Those who are reading more than what it could be, here is the next support which is around 1474 area. This is a strong bull market in an improving worldwide economy. Corruption in few countries is NOT a earth shattering news which could derail a strong market. There was opportunity today to buy, for those under-invested.
BLOG does NOT give buy or sell.
Saleem
Indices down .97% to 1.35%......
Indices are lower due to European issues in Spain & Italy as Bonds yield are on the rise.
European markets are sharply lower, down 1.51% to 3.01%....
S&P 500 @ 1497.43
Internals are negative minimum 3 to 1.
Oil Down $1.48
Gold UP $5.10
Canadian $ Down 15 tick @ 100.12
VIX UP 12.25% @ 14.48
Portfolio is BAC,BBRY,CRUS,YHOO
Most stocks are down
@ 1.55 following are green :
BBRY,GG,APKT,RVBD,FFIV,CLF,LRCX,
JDSU,FNSR,FSLR,SLW,QIHU.....
BLOG does NOT give buy or sell.
Saleem
European markets are sharply lower, down 1.51% to 3.01%....
S&P 500 @ 1497.43
Internals are negative minimum 3 to 1.
Oil Down $1.48
Gold UP $5.10
Canadian $ Down 15 tick @ 100.12
VIX UP 12.25% @ 14.48
Portfolio is BAC,BBRY,CRUS,YHOO
Most stocks are down
@ 1.55 following are green :
BBRY,GG,APKT,RVBD,FFIV,CLF,LRCX,
JDSU,FNSR,FSLR,SLW,QIHU.....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 3, 2013
Never fight MOMENTUM........
Dow 14009.79 is the big news item this week....
Dow UP 1000 points in 5 weeks.....not in the news?
S&P 500 @ 1513.17 is also in the news...
VIX @ 12.90 is a news item also.....VIX call buying @ record level
Bull Bear ratio @ near low for individual Investors reading...Bears only 20%.....
All this sound ominous for a "major slump".........
BUT that may not be @ hand......
What is supporting this market......
-New money flow from Bond to equity
-New money flow for 2013 allocation to equity
-Retail investors feeling left out & jumping IN......
-Funds Managers "leveraging UP in equities"......
-Short covering by those betting against this market....
All of the above is happening @ the same time, which IS extremely bullish
BUT @ the same time, we have NOT taken out S&P 500 all time high of 1576.09 which took place on October 11, 2007..which has been in history books for over 5 years ago.......
Based on current momentum, this run may not be over in the short term until we conquer 1576.09....
1600 in S&P 500 looks like a short term target.......then maybe a minor correction of 5%.......
As a famous football coach once said "it Ain't over till its over"........
Some other relevant quotes are "never fight the TAPE"
"Never fight the Fed"
"markets can remain IRRATIONAL for a long period of time"
All of the above quotes may be the-best guide for now.......
BLOG does NOT give buy or sell.
Saleem
Dow UP 1000 points in 5 weeks.....not in the news?
S&P 500 @ 1513.17 is also in the news...
VIX @ 12.90 is a news item also.....VIX call buying @ record level
Bull Bear ratio @ near low for individual Investors reading...Bears only 20%.....
All this sound ominous for a "major slump".........
BUT that may not be @ hand......
What is supporting this market......
-New money flow from Bond to equity
-New money flow for 2013 allocation to equity
-Retail investors feeling left out & jumping IN......
-Funds Managers "leveraging UP in equities"......
-Short covering by those betting against this market....
All of the above is happening @ the same time, which IS extremely bullish
BUT @ the same time, we have NOT taken out S&P 500 all time high of 1576.09 which took place on October 11, 2007..which has been in history books for over 5 years ago.......
Based on current momentum, this run may not be over in the short term until we conquer 1576.09....
1600 in S&P 500 looks like a short term target.......then maybe a minor correction of 5%.......
As a famous football coach once said "it Ain't over till its over"........
Some other relevant quotes are "never fight the TAPE"
"Never fight the Fed"
"markets can remain IRRATIONAL for a long period of time"
All of the above quotes may be the-best guide for now.......
BLOG does NOT give buy or sell.
Saleem
Friday, February 1, 2013
Indices closed UP 1.01% to 1.18%.....NICE !!!!
Indices made higher highs & raced towards five year high.
S&P 500 closed @ 1513.17, high of the day was 1514.41
That takes care of Doug Kass much advertized CNBC prediction of seeing 2013 highs in January & 7% correction from there. We took out 2013 highs of January in first 45 minutes of Feb 1st. How he gets on CNBC with no track record?
RSI @ 71.68
CMF @ 0.430
Internals were :
UP volume led by 4.07 to 1 in NYSE & 1.82 to 1 in Nasdaq
Advancing stocks led by 3.43 to 1 in NYSE & 2.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 271 in NYSE & 237 in Nasdaq
VIX tumbled 9.66% @ 12.90
Oil closed @ $97.77
Gold closed @ $1670.60
Canadian $ Closed @ 100.27
Stocks which were UP 1% or more included BAC,TCK,CMG,
CSOD,GOOG,HMC,SCCO,EXPE,YUM,SU,LVS,FFIV,
GMCR,LRCX,MU,BRCM,JDSU,FNSR,CIEN,C,QCOM,
MOS,SBUX,STLD,EGO,SLW,SINA,MGA,MS,MLNX,
GS,IBN,FCX......
My portfolio weighting is :
BAC 40.91%
YHOO 27.94%
CRUS 22.11%
BBRY 9.04%
Exposure 78%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1513.17, high of the day was 1514.41
That takes care of Doug Kass much advertized CNBC prediction of seeing 2013 highs in January & 7% correction from there. We took out 2013 highs of January in first 45 minutes of Feb 1st. How he gets on CNBC with no track record?
RSI @ 71.68
CMF @ 0.430
Internals were :
UP volume led by 4.07 to 1 in NYSE & 1.82 to 1 in Nasdaq
Advancing stocks led by 3.43 to 1 in NYSE & 2.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 271 in NYSE & 237 in Nasdaq
VIX tumbled 9.66% @ 12.90
Oil closed @ $97.77
Gold closed @ $1670.60
Canadian $ Closed @ 100.27
Stocks which were UP 1% or more included BAC,TCK,CMG,
CSOD,GOOG,HMC,SCCO,EXPE,YUM,SU,LVS,FFIV,
GMCR,LRCX,MU,BRCM,JDSU,FNSR,CIEN,C,QCOM,
MOS,SBUX,STLD,EGO,SLW,SINA,MGA,MS,MLNX,
GS,IBN,FCX......
My portfolio weighting is :
BAC 40.91%
YHOO 27.94%
CRUS 22.11%
BBRY 9.04%
Exposure 78%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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