Indices are down as focus shifted to "quality of budget deal".....
S&P 500 @ 1791.14, low 1786.71
Internals are negative by almost 3 to 1
Oil Down $1.19
Gold Down $5.20
Canadian $ Down 4 tick @ 94.25
VIX UP 6.11% @ 14.76
In my portfolio :
Added 15% JKS @ $25.66
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.03 following are green :
RALY NFLX TWTR LVS FFIV MA V
GRPN RVBD LRCX BRCM FNSR
M MCD WUBA BBRY WYNN...
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 11, 2013
Tuesday, December 10, 2013
Indices closed down .20% to .33%.....
Indices closed down closing near low of the day.
S&P 500 @ 1802.62, low 1801.75
RSI @ 59.25
CMF @ 0.104
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 55 in Nasdaq
VIX UP 3.11% @ 13.91
Oil @ $98.51
Gold @ $1261.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was weak & internals were weaker. The only positive was that Social Media, Internet, Gold & commodities stocks were strong. Looks like rotation is very much in play. Budget deal removes one major negative from traders mind. It is important to play what is working. Market verdict is more important than ones opinion.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1802.62, low 1801.75
RSI @ 59.25
CMF @ 0.104
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 55 in Nasdaq
VIX UP 3.11% @ 13.91
Oil @ $98.51
Gold @ $1261.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was weak & internals were weaker. The only positive was that Social Media, Internet, Gold & commodities stocks were strong. Looks like rotation is very much in play. Budget deal removes one major negative from traders mind. It is important to play what is working. Market verdict is more important than ones opinion.
BLOG does NOT give buy or sell.
Saleem
Indices down .20% to .30%.....
Indices are down on taper timetable. I still think its in January 2014.
S&P 500 @ 1803.77, low 1801.75
Internals are negative
Oil UP 95 cents
Gold UP $28.10
Canadian $ UP 23 tick @ 94.27
VIX UP 4.82% @ 14.14
In my portfolio :
Sold ARUN @ $17.25
Bought RALY @ $18.05
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.16 following are green :
JKS QIHU RALY SINA AUY SLW BIDU
FB TSLA AMZN NFLX MS KORS
PCLN GOOG TWTR TSL LEN
YHOO CSIQ SU LNKD MA
FSLR GRPN GMCR EGO
BRCM AMCC TCK X
GG AEM JCP SPWR
WYNN GS YELP...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1803.77, low 1801.75
Internals are negative
Oil UP 95 cents
Gold UP $28.10
Canadian $ UP 23 tick @ 94.27
VIX UP 4.82% @ 14.14
In my portfolio :
Sold ARUN @ $17.25
Bought RALY @ $18.05
Portfolio JKS QIHU RALY SINA AUY
Most stocks are down
@ 2.16 following are green :
JKS QIHU RALY SINA AUY SLW BIDU
FB TSLA AMZN NFLX MS KORS
PCLN GOOG TWTR TSL LEN
YHOO CSIQ SU LNKD MA
FSLR GRPN GMCR EGO
BRCM AMCC TCK X
GG AEM JCP SPWR
WYNN GS YELP...
BLOG does NOT give buy or sell.
Saleem
Monday, December 9, 2013
Indices closed UP .03% to .18%....NICE !!!!!
Indices closed in green despite talk of taper.
S&P 500 @ 1808.37, high 1811.52
RSI @ 62.77
CMF @ 0.160
Internals were :
UP volume led by 1.79 to 1 in NYSE & .98 to 1 in Nasdaq
Advancing stocks led by 1 to 1 in NYSE & .71 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 112 in Nasdaq
VIX Down 2.18% @ 13.49
Oil @ $97.34
Gold @ $1234.20
Stocks which closed green included AUY
SLW SB BIDU MU FB TSLA LUV
KORS AAPL GRPN GMCR Z
LRCX SNDK FNSR TWTR
LULU LEN CMG LNKD
LVS WYNN YELP X
FFIV GOOG EGO
PANW STLD
AEM JCP
WLT....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weaker than headline numbers, internals were sloppy. TAPE may rest for a while until clarity from Fed about Taper. In the meantime it is a good idea to review & fine tune your portfolio for 2014. TAPE action in many sectors are very confusing, some are UP & some Down in same sector.Strong sector like Solar are testing & breaching 50 DMA. Commodity sector is showing sign of life.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1808.37, high 1811.52
RSI @ 62.77
CMF @ 0.160
Internals were :
UP volume led by 1.79 to 1 in NYSE & .98 to 1 in Nasdaq
Advancing stocks led by 1 to 1 in NYSE & .71 to 1 in Nasdaq
Net new 52 wk highs were leading by 96 in NYSE & 112 in Nasdaq
VIX Down 2.18% @ 13.49
Oil @ $97.34
Gold @ $1234.20
Stocks which closed green included AUY
SLW SB BIDU MU FB TSLA LUV
KORS AAPL GRPN GMCR Z
LRCX SNDK FNSR TWTR
LULU LEN CMG LNKD
LVS WYNN YELP X
FFIV GOOG EGO
PANW STLD
AEM JCP
WLT....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weaker than headline numbers, internals were sloppy. TAPE may rest for a while until clarity from Fed about Taper. In the meantime it is a good idea to review & fine tune your portfolio for 2014. TAPE action in many sectors are very confusing, some are UP & some Down in same sector.Strong sector like Solar are testing & breaching 50 DMA. Commodity sector is showing sign of life.
BLOG does NOT give buy or sell.
Saleem
Indices are UP .11% to .25%.....NICE !!!!
Indices are higher despite Fed official comment about Taper.
S&P 500 @ 1809.45, high 1811.52, all time high 1813.55
Internals are mixed
Oil Down 17 cents
Gold UP $5.50
Canadian $ Down 6 tick @ 93.36
VIX UP 1.02% @ 13.93
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are UP
@ 2.05 following are red :
JKS QIHU SINA RALY KOG BLOX EXPE
AMZN MS PCLN TSL YHOO CSIQ
EBAY FSLR YNDX GMCR CIEN
SPLK MCD WUBA SPWR
CSOD BBRY TRLA Z...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1809.45, high 1811.52, all time high 1813.55
Internals are mixed
Oil Down 17 cents
Gold UP $5.50
Canadian $ Down 6 tick @ 93.36
VIX UP 1.02% @ 13.93
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are UP
@ 2.05 following are red :
JKS QIHU SINA RALY KOG BLOX EXPE
AMZN MS PCLN TSL YHOO CSIQ
EBAY FSLR YNDX GMCR CIEN
SPLK MCD WUBA SPWR
CSOD BBRY TRLA Z...
BLOG does NOT give buy or sell.
Saleem
Sunday, December 8, 2013
Market momentum to continue or mark time.......
Funny thing happened on the way to Jobs report, Jobs report was stronger than expected & every pundit & blogger was proven wrong in terms of reaction to stronger jobs report.......guess what....it was taken as good news for the market........
S&P 500 is eight points away from establishing a new all time high, which could come when we open on Monday.
On thing we all have to learn is not to believe in our own analysis all the time, sometimes the best of us are given a surprise by the TAPE.
Friday's TAPE is all the more confusing IF we look @ investors sentiment from Wednesday which is giving a read of Bulls @ 57.1% & bears @ 14.3%....most optimistic reading in decade or more, this normally foretells a major pullback of 10% or more ?
BUT December has its own history of extremely bullish TAPE, it will be interesting to see how this cross-current plays out.
As we all have learned on Friday, not to predict where market will go, it IS more important to follow the strength of certain stocks which IS showing renewed strength.
As we all have learned the hard way not to bet on laggards, it is important not to repeat this mistake going into December or into 2014.
New 52 wk high list is a great place to hunt for ideas......
Technicians are a firm believer in trends, strength begets strength & weakness to be ignored.
When stocks are breaking out they generally have multi-year uptrend with many digestive phase. AMZN is a great example of "disbelief & impossibility" based on traditional PE analysis.
IF i can highlight one thing from my own experience of 2013 strategy, that i should have invested in strong stocks.
As 2013 is ending in less than 3 weeks, it IS important to position for 2014.
Good luck with your OWN strategy & a prosperous ending to 2013.
BLOG does NOT give buy or sell.
Saleem
S&P 500 is eight points away from establishing a new all time high, which could come when we open on Monday.
On thing we all have to learn is not to believe in our own analysis all the time, sometimes the best of us are given a surprise by the TAPE.
Friday's TAPE is all the more confusing IF we look @ investors sentiment from Wednesday which is giving a read of Bulls @ 57.1% & bears @ 14.3%....most optimistic reading in decade or more, this normally foretells a major pullback of 10% or more ?
BUT December has its own history of extremely bullish TAPE, it will be interesting to see how this cross-current plays out.
As we all have learned on Friday, not to predict where market will go, it IS more important to follow the strength of certain stocks which IS showing renewed strength.
As we all have learned the hard way not to bet on laggards, it is important not to repeat this mistake going into December or into 2014.
New 52 wk high list is a great place to hunt for ideas......
Technicians are a firm believer in trends, strength begets strength & weakness to be ignored.
When stocks are breaking out they generally have multi-year uptrend with many digestive phase. AMZN is a great example of "disbelief & impossibility" based on traditional PE analysis.
IF i can highlight one thing from my own experience of 2013 strategy, that i should have invested in strong stocks.
As 2013 is ending in less than 3 weeks, it IS important to position for 2014.
Good luck with your OWN strategy & a prosperous ending to 2013.
BLOG does NOT give buy or sell.
Saleem
Friday, December 6, 2013
Indices closed UP .73% to 1.26%.....NICE !!!!
Jobs report came in above consensus @ 203 K, but good news about economy was not bad news for stock market, a change from last proclaimed theory....that is what wall street is all about...similar news can have different reaction in 24 hours.
S&P 500 @ 1805.09, high 1806.04
RSI @ 61.56
CMF @ 0.226
Internals were :
UP volume led by 2.97 to 1 in NYSE & 1.97 to 1 in Nasdaq
Advancing stocks led by 2.57 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 134 in Nasdaq
VIX Down 8.55% @ 13.79
Oil @ $97.65
Gold @ $1229.00
Canadian $ @ 93.37
Stocks which closed green included SLW GG BIDU MU
AMZN LUV MS PCLN GOOG GMCR LRCX C
SNDK BRCM JDSU LEN DNKN CMG LVS
EBAY LNKD LVS WYNN FFIV MA M
PANW MCD CSOD MGA Z GS
MLNX.....
Here is my portfolio weighting :
SINA 33.79%
JKS 31.33%
QIHU 15.50%
ARUN 9.82%
AUY 9.56%
Exposure 125%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1805.09, high 1806.04
RSI @ 61.56
CMF @ 0.226
Internals were :
UP volume led by 2.97 to 1 in NYSE & 1.97 to 1 in Nasdaq
Advancing stocks led by 2.57 to 1 in NYSE & 2.04 to 1 in Nasdaq
Net new 52 wk highs were leading by 45 in NYSE & 134 in Nasdaq
VIX Down 8.55% @ 13.79
Oil @ $97.65
Gold @ $1229.00
Canadian $ @ 93.37
Stocks which closed green included SLW GG BIDU MU
AMZN LUV MS PCLN GOOG GMCR LRCX C
SNDK BRCM JDSU LEN DNKN CMG LVS
EBAY LNKD LVS WYNN FFIV MA M
PANW MCD CSOD MGA Z GS
MLNX.....
Here is my portfolio weighting :
SINA 33.79%
JKS 31.33%
QIHU 15.50%
ARUN 9.82%
AUY 9.56%
Exposure 125%
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
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