Indices closed down.
S&P 500 @ 2075.00, low 2074.85, high 2086.94
RSI @ 56.45
CMF @ 0.245
Internals were :
Down volume led by 1.88 to 1 in NYSE & 2.18 to 1 in Nasdaq
Declining stocks led by 1.34 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk lows were leading by 65 in NYSE & by 26 in Nasdaq
VIX UP 5.04% @ 16.06
Oil @ $42.93
Gold @ $1084.90
AH ER ...NTES UP 5.96%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure from M ER and Oil tanking again. First time i have seen all indices closing down by same %. Volume was low due to veterans day. TAPE is drifting with many negative data from different sectors. Hopefully we will find footing and move UP any moment now. Stay with your conviction and in the end everything will turn out more than OK.
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 11, 2015
Indices mixed.....
Indices are mixed on retail earning.
S&P 500 @ 2079.50, low 2075.02, high 2086.94
Internals are negative
Oil Down $1.25
Gold Down $4.60
Canadian $ UP 11 tick @ 67.37
VIX UP 2.62% @ 15.69
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.47 following are UP :
FB NFLX VDSI BITA BIDU AMZN PCLN
GOOGL QIHU AMCC CSIQ MCD AEM
STLD MA V BRCM TRIP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2079.50, low 2075.02, high 2086.94
Internals are negative
Oil Down $1.25
Gold Down $4.60
Canadian $ UP 11 tick @ 67.37
VIX UP 2.62% @ 15.69
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.47 following are UP :
FB NFLX VDSI BITA BIDU AMZN PCLN
GOOGL QIHU AMCC CSIQ MCD AEM
STLD MA V BRCM TRIP.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 10, 2015
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2081.72, high 2083.67, low 2069.91
RSI @ 58.89
CMF @ 0.256
Internals were :
UP volume led by 1.27 to 1 in NYSE & .78 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk lows were leading by 55 in NYSE & by 25 in Nasdaq
VIX Down 7.45% @ 15.29
Oil @ $44.21
Gold @ $1088.50
AH ER...WPRT Down 12.2%, ATML Down 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under mild selling pressure again, but managed to erase most of its losses and managed to close green in S&P 500 & Dow. TAPE has been resting after big gain for last 5 trading days, it seems that selling has dried up and we are looking @ higher prices. Many stocks are bucking the trend and staying near all time highs, this is a very good sign of stability in leaders. Stay with strength and prune losers.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.72, high 2083.67, low 2069.91
RSI @ 58.89
CMF @ 0.256
Internals were :
UP volume led by 1.27 to 1 in NYSE & .78 to 1 in Nasdaq
Advancing stocks led by 1.32 to 1 in NYSE & .96 to 1 in Nasdaq
Net new 52 wk lows were leading by 55 in NYSE & by 25 in Nasdaq
VIX Down 7.45% @ 15.29
Oil @ $44.21
Gold @ $1088.50
AH ER...WPRT Down 12.2%, ATML Down 3.59%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under mild selling pressure again, but managed to erase most of its losses and managed to close green in S&P 500 & Dow. TAPE has been resting after big gain for last 5 trading days, it seems that selling has dried up and we are looking @ higher prices. Many stocks are bucking the trend and staying near all time highs, this is a very good sign of stability in leaders. Stay with strength and prune losers.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed and near best level of the day, profit taking and reaction to many negative news may have worked off already.
S&P 500 @ 2078.69, high 2080.02, low 2069.91
Internals are mostly negative
Oil UP 30 cents
Gold Down 40 cents
Canadian $ UP 18 tick @ 67.35
VIX Down 4.96% @ 15.70
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.38 following are green :
FB NFLX JCP BIDU AMZN PCLN GOOGL
BABA COH LEN YHOO DNKN CMG
SU V YELP M SBUX MCD X GS
TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.69, high 2080.02, low 2069.91
Internals are mostly negative
Oil UP 30 cents
Gold Down 40 cents
Canadian $ UP 18 tick @ 67.35
VIX Down 4.96% @ 15.70
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.38 following are green :
FB NFLX JCP BIDU AMZN PCLN GOOGL
BABA COH LEN YHOO DNKN CMG
SU V YELP M SBUX MCD X GS
TRIP......
BLOG does NOT give buy or sell.
Saleem
Monday, November 9, 2015
Indices closed down .98% to 1.01%........
Indices closed lower.
S&P 500 @ 2078.58, low 2068.24, high 2096.56
RSI @ 58.11
CMF @ 0.190
Internals were :
Down volume led by 4.49 to 1 in NYSE & 3.33 to 1 in Nasdaq
Declining stocks led by 3.95 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 59 in NYSE & highs by 18 in Nasdaq
VIX UP 15.28% @ 16.52
Oil @ $43.87
Gold @ $1088.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE got hit with many negative news like Chinese slowdown in imports & exports, OECD reducing worldwide growth and interest rate jitters, based on all the issues we did not close near low of the day and volume was low also.Dow & S&P 500 are very close to 200 DMA but Nasdaq is well above which is a sign of strength. I do not see today's TAPE as a sign of any change in the direction of this bull run. Weakness need to be bought or maintain your exposure.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2078.58, low 2068.24, high 2096.56
RSI @ 58.11
CMF @ 0.190
Internals were :
Down volume led by 4.49 to 1 in NYSE & 3.33 to 1 in Nasdaq
Declining stocks led by 3.95 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 59 in NYSE & highs by 18 in Nasdaq
VIX UP 15.28% @ 16.52
Oil @ $43.87
Gold @ $1088.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE got hit with many negative news like Chinese slowdown in imports & exports, OECD reducing worldwide growth and interest rate jitters, based on all the issues we did not close near low of the day and volume was low also.Dow & S&P 500 are very close to 200 DMA but Nasdaq is well above which is a sign of strength. I do not see today's TAPE as a sign of any change in the direction of this bull run. Weakness need to be bought or maintain your exposure.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.18% to 1.30%.....
Growth fear for worldwide economies are taking a toll in US market. Rate hike is another negative.
S&P 500 @ 2074.47, low 2068.24, high 2096.56
Internals are negative by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 39 cents
Gold UP $2.00
Canadian $ UP 33 tick @ 67.27
VIX UP 16.40% @ 16.68
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.45 following are green :
GPRO LNKD VRX NXPI YNDX LSCC AMBA
ABX SLW AEM GG AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2074.47, low 2068.24, high 2096.56
Internals are negative by 4 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 39 cents
Gold UP $2.00
Canadian $ UP 33 tick @ 67.27
VIX UP 16.40% @ 16.68
Portfolio CNQ CY FB FIT LULU NFLX VDSI
Most stocks are down
@ 2.45 following are green :
GPRO LNKD VRX NXPI YNDX LSCC AMBA
ABX SLW AEM GG AGU.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 8, 2015
Bull market is on strong footing.........
SO...everyone was worried about jobs report and its implication on interest rate & market ?
Jobs report was a super strong 271K....
What did the market do on that jobs report, most indices went UP......
Many market watchers are extremely confused about their own thesis these days, endless wait for a major pullback.......
This market has been on a bull run since last week of September when it stood @ 1871.91, it shot UP to 2116.48 in a short span of 25 trading days, it was a move of 1660.23 points or 8.87%......
Last 3 trading days it gave up only 32.74 points or 1.55% on jobs report fear.......
In a strong bull market, it has its own momentum and it hardly misses a beat even with "so called rate changing moment"
It is important to understand this bull market, we are headed much higher to series of all time highs.
Seasonally we are in the strongest part, which should add more fuel to this bull fire......
Currently RSI stands @ 65.77 after hitting 70 twice, we seems to be ready to move well beyond 70 RSI this time, high 70's could be in the cards........
Many strong momentum names are making all time highs, that is a tell tale of the strength of this bull market.
Even bad earnings stocks are slowly creeping back up like NFLX......
When market rewards bad earning, one has to accept the strength of this market.
Highly recommend highest exposure based on your "risk tolerance"
This bull market is getting warmed up now for a "major bull run"
We have been discounting slumping China, weak Europe, weak Asia, weak South America and weak Canada...but they are all showing a "pulse in their economy now"
Once they come on board for economic expansion, this bull will roar to levels not imagined by most traders.....
SO....give this market a chance to grow your portfolio, quick profit days are over, it is the long term approach that will pay off handsomely......remember bull market of 60's when nifty fifty ruled...that is where we are heading, it was a decade run.....
Good luck with your own take and your own strategies.
I am all in......
BLOG does NOT give buy or sell.
Saleem
Jobs report was a super strong 271K....
What did the market do on that jobs report, most indices went UP......
Many market watchers are extremely confused about their own thesis these days, endless wait for a major pullback.......
This market has been on a bull run since last week of September when it stood @ 1871.91, it shot UP to 2116.48 in a short span of 25 trading days, it was a move of 1660.23 points or 8.87%......
Last 3 trading days it gave up only 32.74 points or 1.55% on jobs report fear.......
In a strong bull market, it has its own momentum and it hardly misses a beat even with "so called rate changing moment"
It is important to understand this bull market, we are headed much higher to series of all time highs.
Seasonally we are in the strongest part, which should add more fuel to this bull fire......
Currently RSI stands @ 65.77 after hitting 70 twice, we seems to be ready to move well beyond 70 RSI this time, high 70's could be in the cards........
Many strong momentum names are making all time highs, that is a tell tale of the strength of this bull market.
Even bad earnings stocks are slowly creeping back up like NFLX......
When market rewards bad earning, one has to accept the strength of this market.
Highly recommend highest exposure based on your "risk tolerance"
This bull market is getting warmed up now for a "major bull run"
We have been discounting slumping China, weak Europe, weak Asia, weak South America and weak Canada...but they are all showing a "pulse in their economy now"
Once they come on board for economic expansion, this bull will roar to levels not imagined by most traders.....
SO....give this market a chance to grow your portfolio, quick profit days are over, it is the long term approach that will pay off handsomely......remember bull market of 60's when nifty fifty ruled...that is where we are heading, it was a decade run.....
Good luck with your own take and your own strategies.
I am all in......
BLOG does NOT give buy or sell.
Saleem
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