TAPE is reacting to same old same old September Tapering talk.
S&P 500 @ 1696.39, low 1693.29
Internals are negative by minimum 2 to 1
Oil Down $1.64
Gold Down $21.10
Canadian $ Down 12 tick @ 96.30
VIX UP 6.25% @ 12.58
In my portfolio :
Bought 10 call KORS $72.50 expiring this Friday for 25 cents
Portfolio CLF F MU AUY KORS calls
Most stocks are down
@ 2.01 following are green :
KORS MKTG GMCR NFLX TIF LULU
EXPE KOG EBAY BIDU PCLN MA
HMC SNDK WLT Z......
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 6, 2013
Monday, August 5, 2013
Indices closed mixed......
Indices marked time & closed mixed after record close.
S&P 500 @ 1707.14, low 1703.55
RSI @ 68.26
CMF @ 0.281
Internals were :
UP volume led by .75 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by .70 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & 212 in Nasdaq
VIX Down 1.17% @ 11.84
Oil @ $106.56
Gold @ $1302.40
Stocks which closed green included CLF MU AUY
FB CSIQ SPWR FSLR POT TCK GMCR
NFLX TSLA AAPL LULU EXPE M
BBRY YUM LVS FFIV COH
PCLN V GRPN WPRT
RVBD CRUS TRLA
MOS MLNX
Z WYNN.....
AH ER :
MKTG UP 8.33%
AEO Down 17.28%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, Indices rested today not too far from its close on Friday. Sometimes TAPE needs to catch its breadth. I do not expect too much pullback here, some digestion of gains. Buying on any weakness have paid off big time.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1707.14, low 1703.55
RSI @ 68.26
CMF @ 0.281
Internals were :
UP volume led by .75 to 1 in NYSE & 1.35 to 1 in Nasdaq
Advancing stocks led by .70 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & 212 in Nasdaq
VIX Down 1.17% @ 11.84
Oil @ $106.56
Gold @ $1302.40
Stocks which closed green included CLF MU AUY
FB CSIQ SPWR FSLR POT TCK GMCR
NFLX TSLA AAPL LULU EXPE M
BBRY YUM LVS FFIV COH
PCLN V GRPN WPRT
RVBD CRUS TRLA
MOS MLNX
Z WYNN.....
AH ER :
MKTG UP 8.33%
AEO Down 17.28%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, Indices rested today not too far from its close on Friday. Sometimes TAPE needs to catch its breadth. I do not expect too much pullback here, some digestion of gains. Buying on any weakness have paid off big time.
BLOG does NOT give buy or sell.
Saleem
Indices down .05% to .36%......
Economic data worldwide is better than expected but mild profit taking is keeping indices lower.
S&P 500 @ 1705.81, low 1703.55
Internals are mixed
Oil UP 8 cents
Gold Down $8.30
Canadian $ UP 14 tick @ 96.39
VIX UP 1% @ 12.10
Portfolio CLF F MU AUY
Most stocks are UP
@ 1.47 following are red :
F MKTG YELP BAC KORS AGU JCP LEN
LNKD TIF AMZN GOOG HMC RDN
DNKN BIDU MA LRCX SNDK
JDSU C QCOM SBUX GG
SINA.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1705.81, low 1703.55
Internals are mixed
Oil UP 8 cents
Gold Down $8.30
Canadian $ UP 14 tick @ 96.39
VIX UP 1% @ 12.10
Portfolio CLF F MU AUY
Most stocks are UP
@ 1.47 following are red :
F MKTG YELP BAC KORS AGU JCP LEN
LNKD TIF AMZN GOOG HMC RDN
DNKN BIDU MA LRCX SNDK
JDSU C QCOM SBUX GG
SINA.....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 4, 2013
TAPE on the verge of "blowoff phase".......
This TAPE is ignoring all negatives & loving all positives, when was the last time this happened......
I do not recall when TAPE was this "defiant"
This is a clear signal that we have entered a "blowoff" phase......
Blowoff phase is when there is a "straight line upward move"
As we are sitting in S&P 500 @ 1709.67.....an absolute highest close in history.........we are primed for a very quick run to 1800.......
The momentum of this TAPE has caught many participant off guard......it is only going to get worse......
Many are locking gains which in hindsight could be taken as entry point or a point of letting the gains run to its highest potential.........
This TAPE has the feel of a "runaway market"
This TAPE is telling you to close your eyes & wake up in 2014 mid January ......& you will like what you see in terms of gains.........
There is lot of "catching UP to do by millions".......
Many portfolio managers are sitting on a pile of cash waiting for a "correction" which never seems to come.....
Even mom & pop are actively thinking of joining this "gold rush".........
Very rarely that one sees a one way market.......that is exactly what we have.......
Many new sectors are on the verge of "catching a bid"
SO..do not ditch anything but get more diversified in laggards......
It is laggards who are going to take centre stage NOW.....
Strong stocks will remain strong but may lag behind laggards......
Now we are entering "all boats will be lifted" phase.......
This is a "major bull market which has entered a new blowoff phase"
BLOG does NOT give buy or sell.
Please support BLOG advertisers by clicking & checking them out.
Saleem
I do not recall when TAPE was this "defiant"
This is a clear signal that we have entered a "blowoff" phase......
Blowoff phase is when there is a "straight line upward move"
As we are sitting in S&P 500 @ 1709.67.....an absolute highest close in history.........we are primed for a very quick run to 1800.......
The momentum of this TAPE has caught many participant off guard......it is only going to get worse......
Many are locking gains which in hindsight could be taken as entry point or a point of letting the gains run to its highest potential.........
This TAPE has the feel of a "runaway market"
This TAPE is telling you to close your eyes & wake up in 2014 mid January ......& you will like what you see in terms of gains.........
There is lot of "catching UP to do by millions".......
Many portfolio managers are sitting on a pile of cash waiting for a "correction" which never seems to come.....
Even mom & pop are actively thinking of joining this "gold rush".........
Very rarely that one sees a one way market.......that is exactly what we have.......
Many new sectors are on the verge of "catching a bid"
SO..do not ditch anything but get more diversified in laggards......
It is laggards who are going to take centre stage NOW.....
Strong stocks will remain strong but may lag behind laggards......
Now we are entering "all boats will be lifted" phase.......
This is a "major bull market which has entered a new blowoff phase"
BLOG does NOT give buy or sell.
Please support BLOG advertisers by clicking & checking them out.
Saleem
Friday, August 2, 2013
Indices closed UP .16% to .38%.....NICE !!!!
Indices fought back negativity from less than expected jobs growth of 162K. Strength of this TAPE was obvious as S&P 500 closed @ absolute high of the day.
S&P 500 @ 1709.67
RSI @ 70.10
CMF @ 0.276
Internals were :
UP volume led by 1.05 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.04 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 139 in NYSE & 210 in Nasdaq
VIX Down 7.42% @ 11.98, 52 wk low is 11.05 on March 14, 2013
Oil @ $106.94
Gold @ $1310.50
Canadian $ Down 44 tick @ 96.18
Stocks which were UP 1% or more included CLF F
MKTG YELP FB CLDX LEN LNKD TSLA
AAPL HMC DNKN LULU EXPE BBRY
BIDU V CIEN FNSR QCOM SBUX
SINA Z WYNN.....
Portfolio weighting :
CLF 29.19%
AUY 28.26%
MU 23.94%
F 18.61%
Exposure 121%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1709.67
RSI @ 70.10
CMF @ 0.276
Internals were :
UP volume led by 1.05 to 1 in NYSE & 1.47 to 1 in Nasdaq
Advancing stocks led by 1.04 to 1 in NYSE & .90 to 1 in Nasdaq
Net new 52 wk highs were leading by 139 in NYSE & 210 in Nasdaq
VIX Down 7.42% @ 11.98, 52 wk low is 11.05 on March 14, 2013
Oil @ $106.94
Gold @ $1310.50
Canadian $ Down 44 tick @ 96.18
Stocks which were UP 1% or more included CLF F
MKTG YELP FB CLDX LEN LNKD TSLA
AAPL HMC DNKN LULU EXPE BBRY
BIDU V CIEN FNSR QCOM SBUX
SINA Z WYNN.....
Portfolio weighting :
CLF 29.19%
AUY 28.26%
MU 23.94%
F 18.61%
Exposure 121%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 1, 2013
Indices closed UP .83% to 1.36%....NICE !!!!!
Indices closed @ new record highs.
S&P 500 @ 1706.87, high 1707.85
RSI @ 69.25
CMF @ 0.268
Internals were :
UP volume led by 3.42 to 1 in NYSE & 3.58 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 2.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 307 in NYSE & 286 in Nasdaq
VIX Down 3.79% @ 12.94
Oil @ $107.89
Gold @ $1311.20
Stocks which were UP 1% or more included CLF MU AMD F
KORS FB CLDX KOG POT TCK GMCR NFLX LNKD
TIF AMZN GOOG RDN DNKN LULU BAC EBAY
LVS BIDU FFIV PCLN MA V ARUN CRUS C
LRCX SNDK CIEN JDSU FNSR QCOM
MOS NVDA M SBUX STLD SU MS
MGA SINA Z WYNN GS TRLA.....
In my portfolio :
Sold AMD @ $3.81
Bought F @ $17.19
Exposure 121%
AH ER :
Negative reaction OPEN Down 6.70%, WTW Down 14.74%
Positive reaction KOG UP 1.32%, LNKD UP 7.03%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong & closed near highs. Internals were strong. Momentum should continue as i am expecting jobs report to be in line or better.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1706.87, high 1707.85
RSI @ 69.25
CMF @ 0.268
Internals were :
UP volume led by 3.42 to 1 in NYSE & 3.58 to 1 in Nasdaq
Advancing stocks led by 1.63 to 1 in NYSE & 2.57 to 1 in Nasdaq
Net new 52 wk highs were leading by 307 in NYSE & 286 in Nasdaq
VIX Down 3.79% @ 12.94
Oil @ $107.89
Gold @ $1311.20
Stocks which were UP 1% or more included CLF MU AMD F
KORS FB CLDX KOG POT TCK GMCR NFLX LNKD
TIF AMZN GOOG RDN DNKN LULU BAC EBAY
LVS BIDU FFIV PCLN MA V ARUN CRUS C
LRCX SNDK CIEN JDSU FNSR QCOM
MOS NVDA M SBUX STLD SU MS
MGA SINA Z WYNN GS TRLA.....
In my portfolio :
Sold AMD @ $3.81
Bought F @ $17.19
Exposure 121%
AH ER :
Negative reaction OPEN Down 6.70%, WTW Down 14.74%
Positive reaction KOG UP 1.32%, LNKD UP 7.03%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong & closed near highs. Internals were strong. Momentum should continue as i am expecting jobs report to be in line or better.
BLOG does NOT give buy or sell.
Saleem
Indices UP .94% to 1.24%......NICE !!!!!
Indices are in record territory on worldwide economic improvement.
S&P 500 @ 1706.48 @ high of the day
Internals are positive by almost 2 to 1.
Oil UP $2.84
Gold Down $1.10
Canadian $ Down 60 tick @ 96.71
VIX Down 3.94% @ 12.92
Portfolio AMD CLF MU AUY
I am batting 0 / 4 in Earning reaction......
Most stocks are UP
@ 2.11 following are red :
AUY YHOO CSIQ SPWR WLT HMC CF
BBRY GG V WPRT RVBD AMCC
MON FSLR EGO SLW AEM
CCJ MLNX AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1706.48 @ high of the day
Internals are positive by almost 2 to 1.
Oil UP $2.84
Gold Down $1.10
Canadian $ Down 60 tick @ 96.71
VIX Down 3.94% @ 12.92
Portfolio AMD CLF MU AUY
I am batting 0 / 4 in Earning reaction......
Most stocks are UP
@ 2.11 following are red :
AUY YHOO CSIQ SPWR WLT HMC CF
BBRY GG V WPRT RVBD AMCC
MON FSLR EGO SLW AEM
CCJ MLNX AGU.....
BLOG does NOT give buy or sell.
Saleem
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