Indices are mixed on Bank of England decision to cut rates by .25%. Oil is higher but not helping indices.
S&P 500 @ 2162.69, low 2159.07, high 2168.19
Internals are mostly positive.
Oil UP $1.09
Gold UP $2.90
Canadian $ UP 62 tick @ .6997
VIX Down 2.95% @ 12.48
Portfolio GOOG CNQ CMG GG NTES JCP UA VRX
Most stocks are higher
@ 2.41 following are red :
GOOG CMG NTES OLED BIDU COH SPWR PCLN
QRVO SBUX CHK SSYS FEYE FSLR AGU
TRIP.....
BLOG does NOT give buy or sell.
Saleem
Thursday, August 4, 2016
Wednesday, August 3, 2016
Indices closed UP .23% to .43%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2163.79, high 2163.79, low 2152.56
RSI @ 58.38
CMF @ 0.262
Internals were :
UP volume led by 2.68 to 1 in NYSE & 2.18 to 1 in Nasdaq
Advancing stocks led by 2.09 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 46 in Nasdaq
VIX Down 3.81% @ 12.86
Oil @ $40.83
Gold @ $1364.70
Stocks which were UP 1% or more included CNQ UA VRX
SPWR PCLN SU TWTR AAPL NXPI CHK SWN TK
SSYS RIG LNG FSLR CIEN M LRCX TCK SWIR
CSOD MS GS.....
AH ER...JACK UP 7.67%, SQ UP 14.85%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong and closed @ absolute highest point of the day, even Dow closed green after longest losing streak in 5 years which ended yesterday. Internals were solid all over. Oil also showed some life on inventory draw down. It will be interesting to see IF we have a confirmation positive close again, chances are very high.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2163.79, high 2163.79, low 2152.56
RSI @ 58.38
CMF @ 0.262
Internals were :
UP volume led by 2.68 to 1 in NYSE & 2.18 to 1 in Nasdaq
Advancing stocks led by 2.09 to 1 in NYSE & 1.92 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 46 in Nasdaq
VIX Down 3.81% @ 12.86
Oil @ $40.83
Gold @ $1364.70
Stocks which were UP 1% or more included CNQ UA VRX
SPWR PCLN SU TWTR AAPL NXPI CHK SWN TK
SSYS RIG LNG FSLR CIEN M LRCX TCK SWIR
CSOD MS GS.....
AH ER...JACK UP 7.67%, SQ UP 14.85%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong and closed @ absolute highest point of the day, even Dow closed green after longest losing streak in 5 years which ended yesterday. Internals were solid all over. Oil also showed some life on inventory draw down. It will be interesting to see IF we have a confirmation positive close again, chances are very high.
BLOG does NOT give buy or sell.
Saleem
Indices UP .13% to .22%....NICE !!!!
Indices are higher & @ high of the day on higher oil and better than expected private sector job creations.
S&P 500 @ 2160.73, high 2161.42, low 2152.56
Internals are positive by close to 2 to 1....
Oil UP $1.24
Gold Down $8.20
Canadian $ UP 35 tick @ .6926
VIX Down 2.17% @ 13.08
In my portfolio :
Sold SBUX @ $55.95
Added 125% NTES @ $197.83
Portfolio GOOG CNQ CMG GG NTES JCP UA VRX
Most stocks are UP
@ 1.49 following are red :
GOOG NTES JCP OLED TSLA AMZN QRVO FB
EGO ABX KGC SBUX DNKN EXPE YUM
FEYE MCD SLW CRUS DATA ZG MLNX....
CNQ reports before open on Thursday, here are the expectations:
Sales $1.8 billion, EPS loss 20 cents
Expectations next Q Sales $1.88 billion, EPS loss 13 cents
Price action after earnings have been positive on higher production.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2160.73, high 2161.42, low 2152.56
Internals are positive by close to 2 to 1....
Oil UP $1.24
Gold Down $8.20
Canadian $ UP 35 tick @ .6926
VIX Down 2.17% @ 13.08
In my portfolio :
Sold SBUX @ $55.95
Added 125% NTES @ $197.83
Portfolio GOOG CNQ CMG GG NTES JCP UA VRX
Most stocks are UP
@ 1.49 following are red :
GOOG NTES JCP OLED TSLA AMZN QRVO FB
EGO ABX KGC SBUX DNKN EXPE YUM
FEYE MCD SLW CRUS DATA ZG MLNX....
CNQ reports before open on Thursday, here are the expectations:
Sales $1.8 billion, EPS loss 20 cents
Expectations next Q Sales $1.88 billion, EPS loss 13 cents
Price action after earnings have been positive on higher production.
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 2, 2016
Indices closed down .49% to .90%......
Indices closed down.
S&P 500 @ 2157.03, low 2147.58, high 2170.20
RSI @ 56.04
CMF @ 0.298
Internals were :
Down volume led by 2.87 to 1 in NYSE & 3.04 to 1 in Nasdaq
Declining stocks led by 3.35 to 1 in NYSE & 2.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 27 in Nasdaq
VIX UP 7.48% @ 13.37
Oil @ $39.51
Gold @ $1372.60
AH ER...DATA Down 1.51%, QRVO Down 8.85%
FIT UP 6%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE has been extremely weak in Dow stocks, down 7 consecutive days, seems deeply oversold. Nasdaq was dragged on overbought conditions. Oil has been weak and sentiment on oil is extremely negative, a very reliable contrary indicator. Hopefully Nasdaq can get back on track of positive close starting with Wednesday close. Today's selling was overdue and am glad its out of the way.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2157.03, low 2147.58, high 2170.20
RSI @ 56.04
CMF @ 0.298
Internals were :
Down volume led by 2.87 to 1 in NYSE & 3.04 to 1 in Nasdaq
Declining stocks led by 3.35 to 1 in NYSE & 2.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 27 in Nasdaq
VIX UP 7.48% @ 13.37
Oil @ $39.51
Gold @ $1372.60
AH ER...DATA Down 1.51%, QRVO Down 8.85%
FIT UP 6%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE has been extremely weak in Dow stocks, down 7 consecutive days, seems deeply oversold. Nasdaq was dragged on overbought conditions. Oil has been weak and sentiment on oil is extremely negative, a very reliable contrary indicator. Hopefully Nasdaq can get back on track of positive close starting with Wednesday close. Today's selling was overdue and am glad its out of the way.
BLOG does NOT give buy or sell.
Saleem
Indices down .66% to 1.08%.....
Indices are down on lower oil, softer data in US & bad bank earnings from Germany.
S&P 500 @ 2153.20, low 2147.58, high 2170.20
Internals are negative by 4 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down 66 cents
Gold UP $12.20
Canadian $ UP 24 tick @ .6903
VIX UP 10.85% @ 13.79
In my portfolio ....Bought NTES @ $200.48
Portfolio GOOG CNQ CMG GG NTES JCP SBUX UA VRX
Most stocks are down
@ 2.18 following are UP :
CNQ GG VRX EGO ABX KGC FEYE FSLR SODA TCK
SU SLW AEM MA AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2153.20, low 2147.58, high 2170.20
Internals are negative by 4 to 1 in NYSE & 3 to 1 in Nasdaq
Oil Down 66 cents
Gold UP $12.20
Canadian $ UP 24 tick @ .6903
VIX UP 10.85% @ 13.79
In my portfolio ....Bought NTES @ $200.48
Portfolio GOOG CNQ CMG GG NTES JCP SBUX UA VRX
Most stocks are down
@ 2.18 following are UP :
CNQ GG VRX EGO ABX KGC FEYE FSLR SODA TCK
SU SLW AEM MA AGU.....
BLOG does NOT give buy or sell.
Saleem
Monday, August 1, 2016
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2170.84, low 2166.21, high 2178.29
RSI @ 62.74
CMF @ 0.314
Internals were :
UP volume led by .46 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by .68 to 1 in NYSE & .98 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & 113 in Nasdaq
VIX UP 4.80% @ 12.44
Oil @ $40.06
Gold @ $1359.60
Stocks which were UP 1% or more included GG
BIDU AMZN ABX JKS OLED AAPL CTSH
NFLX CSIQ YHOO SINA WB BABA
AMCC LRCX SLW AEM CRUS
CSOD ZG ....
AH ER...TXRH Down 7.88%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Tape was mixed but Nasdaq was strong and kept going towards making new all time high, Nasdaq is only 48 points away, it was UP 22 points today. AAPL, AMZN & GOOG were strong today, which is a very good thing for leadership and Nasdaq. Although oil was weak but Nasdaq ignored that fact. I am still hopeful, that Nasdaq could make into record book by this Thursday, Nasdaq RSI @ 71.72.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2170.84, low 2166.21, high 2178.29
RSI @ 62.74
CMF @ 0.314
Internals were :
UP volume led by .46 to 1 in NYSE & 1.10 to 1 in Nasdaq
Advancing stocks led by .68 to 1 in NYSE & .98 to 1 in Nasdaq
Net new 52 wk highs were leading by 237 in NYSE & 113 in Nasdaq
VIX UP 4.80% @ 12.44
Oil @ $40.06
Gold @ $1359.60
Stocks which were UP 1% or more included GG
BIDU AMZN ABX JKS OLED AAPL CTSH
NFLX CSIQ YHOO SINA WB BABA
AMCC LRCX SLW AEM CRUS
CSOD ZG ....
AH ER...TXRH Down 7.88%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Tape was mixed but Nasdaq was strong and kept going towards making new all time high, Nasdaq is only 48 points away, it was UP 22 points today. AAPL, AMZN & GOOG were strong today, which is a very good thing for leadership and Nasdaq. Although oil was weak but Nasdaq ignored that fact. I am still hopeful, that Nasdaq could make into record book by this Thursday, Nasdaq RSI @ 71.72.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on lower oil.
S&P 500 @ 2171.75, low 2166.21, high 2178.29.
Internals are negative in NYSE & positive in Nasdaq
Oil Down $1.66
Gold UP $1.30
Canadian $ Down 66 tick @ .6906
VIX UP 5.14% @ 12.48
In my portfolio...Added 20% CNQ @ $29.58
Portfolio GOOG CNQ CMG GG JCP SBUX UA VRX
Most stocks are UP
@ 2.09 following are red :
CNQ CMG SBUX VRX TSLA NTES CTRP PANW
SPLK SU LVS MSFT CHK SWN TK SSYS RIG
FEYE LNG M TCK FCX YELP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2171.75, low 2166.21, high 2178.29.
Internals are negative in NYSE & positive in Nasdaq
Oil Down $1.66
Gold UP $1.30
Canadian $ Down 66 tick @ .6906
VIX UP 5.14% @ 12.48
In my portfolio...Added 20% CNQ @ $29.58
Portfolio GOOG CNQ CMG GG JCP SBUX UA VRX
Most stocks are UP
@ 2.09 following are red :
CNQ CMG SBUX VRX TSLA NTES CTRP PANW
SPLK SU LVS MSFT CHK SWN TK SSYS RIG
FEYE LNG M TCK FCX YELP......
BLOG does NOT give buy or sell.
Saleem
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