Indices are mixed with Dow being the only loser. Started the day celebrating North Korea's peace overture then White House trade turmoil rattled markets again.
S&P 500 @ 2724.72, high 2732.08, low 2711.26
Internals are positive close to 2 to 1
Oil down 6 cents
Gold UP $16.60
Canadian $ UP 70 tick @ .7107.....
VIX Down 1.44% @ 18.46
In my portfolio;
Sold SQ @ $49.00
Bought MOMO @ $33.88, then added 200% @ $33.60
Added 75% SNAP @ $18.10
Portfolio BZUN CTRP FSLR MOMO SNAP
Most stocks are UP
@ 2.30 following are red :
SNAP SQ AAPL FB AMD DNKN EBAY JKS MA
MSFT PCLN ROKU SBUX TSLA TWTR VRX
V ALDR RIG AAPL MCD CMG IBM X CNX
Before open Wednesday, MOMO is reporting, following are
expectations :
Q4 Sales $381.54 million, EPS 46 cents
Guidance Q1 Sales $350.85 million, EPS 44 cents
Expecting a higher guidance, due to acquisition.
BZUN reported a 11 cents beat on EPS, a robust growth in service revenue,
guiding higher than expectations.....stock being rewarded with 23.45% gain...
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 6, 2018
Monday, March 5, 2018
Indices closed UP 1.00% to 1.37%....NICE !!!!
Indices closed UP.
S&P 500 @ 2720.94, high 2728.09, low 2675.75
RSI @ 49.94
CMF @ -0.017
Internals were :
UP volume led by 4.86 to 1 in NYSE & 2.77 to 1 in Nasdaq
Advancing stocks led by 2.77 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 7 in NYSE & 94 in Nasdaq
VIX Down 4.39% @ 18.73
Oil @ $62.57
Gold @ $1319.90
Stocks which were UP 2% or more included BZUN CTRP FSLR SQ
FB NTES CSIQ EXPE GE GG LRCX MA MU NFLX QRVO
ROKU ALDR FNSR VRX CHK FEYE LNG TWTR TRIP
ULTA SWKS TNA CNX......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was down 150 points in down @ open, then there was rethink on trade war thesis and indices started to improve and kept going up. Indices closed near best level of the day, Dow gained 330 @ close. Internals were positive in most stat. CMF is getting close to being positive. All in all a very positive action in US stock market.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2720.94, high 2728.09, low 2675.75
RSI @ 49.94
CMF @ -0.017
Internals were :
UP volume led by 4.86 to 1 in NYSE & 2.77 to 1 in Nasdaq
Advancing stocks led by 2.77 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 7 in NYSE & 94 in Nasdaq
VIX Down 4.39% @ 18.73
Oil @ $62.57
Gold @ $1319.90
Stocks which were UP 2% or more included BZUN CTRP FSLR SQ
FB NTES CSIQ EXPE GE GG LRCX MA MU NFLX QRVO
ROKU ALDR FNSR VRX CHK FEYE LNG TWTR TRIP
ULTA SWKS TNA CNX......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was down 150 points in down @ open, then there was rethink on trade war thesis and indices started to improve and kept going up. Indices closed near best level of the day, Dow gained 330 @ close. Internals were positive in most stat. CMF is getting close to being positive. All in all a very positive action in US stock market.
BLOG does NOT give buy or sell.
Saleem
Indices UP .66% to .96%....NICE !!!!
Indices are higher after worldwide trade jitters and hesitation.
S&P 500 @ 2711.77, high 2721.45, low 2675.75
Internals are positive by 2 to 1
Oil UP $1.20
Gold Down $4.20
Canadian $ Down 1.11 cent @ .7011....weakest level in 8 months against US$
VIX Down 5.62% @ 18.49
Portfolio BZUN CTRP FSLR SNAP SQ.....
Most stocks are UP
@ 2.30 following are red :
NVDA JD OLED AMAT FCX JKS KGC LULU LVS
PCLN TECK TSLA MLNX OSTK AEM SPLK
NKE CMG X......
Before Tuesday open, BZUN reporting, here are the expectations :
Q4 Sales $245.22 million, EPS 31 cents
Guidance Q1 Sales $127.81 million, EPS 11 cents
Expecting a beat and higher guidance......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2711.77, high 2721.45, low 2675.75
Internals are positive by 2 to 1
Oil UP $1.20
Gold Down $4.20
Canadian $ Down 1.11 cent @ .7011....weakest level in 8 months against US$
VIX Down 5.62% @ 18.49
Portfolio BZUN CTRP FSLR SNAP SQ.....
Most stocks are UP
@ 2.30 following are red :
NVDA JD OLED AMAT FCX JKS KGC LULU LVS
PCLN TECK TSLA MLNX OSTK AEM SPLK
NKE CMG X......
Before Tuesday open, BZUN reporting, here are the expectations :
Q4 Sales $245.22 million, EPS 31 cents
Guidance Q1 Sales $127.81 million, EPS 11 cents
Expecting a beat and higher guidance......
BLOG does NOT give buy or sell.
Saleem
Sunday, March 4, 2018
Despite trade war, we rallied on Friday.....
US economic policy of America First has a new twist now, have trade war with just about every nation and its called " winning "....
Trade war never ends right, a fact known to most House of representative and Senators, hopefully they will contain this to a rational level.
This hope of away from extreme position helped Friday being a good day for most stocks.
Canada will suffer the most from Steel Tariffs with 16% export to USA and is number 1 exporter, China is not even among top 10 exporter, rhetoric will make you believe that China is dumping big time in US market, not so.
Equities had to face interest rate hike jitters and trade war rhetoric, testimony by new Fed Chief to law makers was more hawkish than previously believed.
Dow & S&P 500 are still below 50 DMA, while Nasdaq is well above 50 DMA.....
In the short term, we have discounted lot of noise about hike in interest rates and trade war.....
Hopefully, we should have a more positive week in the market.
Dow and S&P 500 could crawl back above 50 DMA.....
February and March have been tough on market so far and have tested patience of most of us.
In this sell off many sectors held up well, the following are notable :
SOX behaved the best
Nasdaq was second best
Russell was third best
Dow looks weakest....
AMAT QRVO NVDA LRCX MLNX NFLX AMZN behaved very well..
VMW C GS HD OLED makes the lowest grade...
All in all we came out more than OK on some challenging issues facing this jittery market...
Good luck with your strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Trade war never ends right, a fact known to most House of representative and Senators, hopefully they will contain this to a rational level.
This hope of away from extreme position helped Friday being a good day for most stocks.
Canada will suffer the most from Steel Tariffs with 16% export to USA and is number 1 exporter, China is not even among top 10 exporter, rhetoric will make you believe that China is dumping big time in US market, not so.
Equities had to face interest rate hike jitters and trade war rhetoric, testimony by new Fed Chief to law makers was more hawkish than previously believed.
Dow & S&P 500 are still below 50 DMA, while Nasdaq is well above 50 DMA.....
In the short term, we have discounted lot of noise about hike in interest rates and trade war.....
Hopefully, we should have a more positive week in the market.
Dow and S&P 500 could crawl back above 50 DMA.....
February and March have been tough on market so far and have tested patience of most of us.
In this sell off many sectors held up well, the following are notable :
SOX behaved the best
Nasdaq was second best
Russell was third best
Dow looks weakest....
AMAT QRVO NVDA LRCX MLNX NFLX AMZN behaved very well..
VMW C GS HD OLED makes the lowest grade...
All in all we came out more than OK on some challenging issues facing this jittery market...
Good luck with your strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, March 2, 2018
Indices closed mixed......
Indices closed mixed despite rising trade tension, Dow was down almost 400 points @ low but closed @ 70 points lower. Dow & S&P 500 are still below 50 DMA but Nasdaq made a double bottom below 50 DMA and closed above 50 DMA, 2nd test of 50 DMA may be the final test for Nasdaq for now.Indices closed near high of the day.
S&P 500 @ 2691.25, high 2696.25, low 2647.32
RSI @ 45.62
CMF @ -0.096
Internals were :
UP volume led by 2.32 to 1 in NYSE & 2.73 to 1 in Nasdaq
Advancing stocks led by 1.68 to 1 in NYSE & 2.99 to 1 in Nasdaq
Net new 52 wk lows were leading by 135 in NYSE & 9 in Nasdaq
VIX Down 12.82% @ 19.59
Oil @ $61.25
Gold @ $1323.40
Canadian $ @ .7117....new 4 months low against US$
Stocks which were UP 2% or more included BZUN FSLR SNAP
MOMO WB JKS LRCX MU NFLX QRVO SWKS SINA
TWTR ALDR CHK TK FEYE YELP MLNX OSTK
SPLK TNA CMG M .....
Here is my portfolio weighting :
FSLR 33.90%
CTRP 24.10%
BZUN 18.80%
SQ 16.20%
SNAP 7.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2691.25, high 2696.25, low 2647.32
RSI @ 45.62
CMF @ -0.096
Internals were :
UP volume led by 2.32 to 1 in NYSE & 2.73 to 1 in Nasdaq
Advancing stocks led by 1.68 to 1 in NYSE & 2.99 to 1 in Nasdaq
Net new 52 wk lows were leading by 135 in NYSE & 9 in Nasdaq
VIX Down 12.82% @ 19.59
Oil @ $61.25
Gold @ $1323.40
Canadian $ @ .7117....new 4 months low against US$
Stocks which were UP 2% or more included BZUN FSLR SNAP
MOMO WB JKS LRCX MU NFLX QRVO SWKS SINA
TWTR ALDR CHK TK FEYE YELP MLNX OSTK
SPLK TNA CMG M .....
Here is my portfolio weighting :
FSLR 33.90%
CTRP 24.10%
BZUN 18.80%
SQ 16.20%
SNAP 7.00%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 1, 2018
Indices closed down 1.27% to 1.68%.....
Indices closed down.
S&P 500 @ 2677.67, low 2659.65, high 2730.89
RSI @ 43.55
CMF @ -0.142.
Internals were :
Down volume led by 1.76 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.47 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk lows were leading by 171 in NYSE & 66 in Nasdaq
VIX UP 13.20% @ 22.47...high today 25.30...52 wk high 50.30...
Oil @ $60.99
Gold @ $1305.20
AH news....SPLK UP 6.26%, AMBA UP 5.10%
OPK Down 16.67%, JWN Down 3.59%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under renewed selling pressure due to upcoming fear of trade war, market friendly image is being tarnished with Steel & aluminum tariffs being imposed on every country who are exporting those items. Dow was down a sharp 586 points @ low of the day but recovered a bit to down 420 points. Nasdaq went below 50 DMA but recovered to close above, it could easily go below and close there. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2677.67, low 2659.65, high 2730.89
RSI @ 43.55
CMF @ -0.142.
Internals were :
Down volume led by 1.76 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.47 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk lows were leading by 171 in NYSE & 66 in Nasdaq
VIX UP 13.20% @ 22.47...high today 25.30...52 wk high 50.30...
Oil @ $60.99
Gold @ $1305.20
AH news....SPLK UP 6.26%, AMBA UP 5.10%
OPK Down 16.67%, JWN Down 3.59%
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under renewed selling pressure due to upcoming fear of trade war, market friendly image is being tarnished with Steel & aluminum tariffs being imposed on every country who are exporting those items. Dow was down a sharp 586 points @ low of the day but recovered a bit to down 420 points. Nasdaq went below 50 DMA but recovered to close above, it could easily go below and close there. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.68% to 2.03%......
Indices are sharply lower and Nasdaq is below 50 DMA, tariffs on Steel and Aluminum being imposed by US from all countries.
S&P 500 @ 2664.34, low 2663.38, high 2730.89
Internals are negative by 2 to 1
Oil Down $1.00
Gold Down $9.10
Canadian $ Down 47 tick @ .7123...3 month low against US$
VIX UP 22.72% @ 24.36
In my portfolio:
Sold NTES @ $291.00
Added 120% SNAP @ $17.285
Portfolio BZUN CTRP FSLR SNAP SQ
Most stocks are down
@ 2.18 following are green :
JKS TK RIG CSIQ X CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2664.34, low 2663.38, high 2730.89
Internals are negative by 2 to 1
Oil Down $1.00
Gold Down $9.10
Canadian $ Down 47 tick @ .7123...3 month low against US$
VIX UP 22.72% @ 24.36
In my portfolio:
Sold NTES @ $291.00
Added 120% SNAP @ $17.285
Portfolio BZUN CTRP FSLR SNAP SQ
Most stocks are down
@ 2.18 following are green :
JKS TK RIG CSIQ X CNX.....
BLOG does NOT give buy or sell.
Saleem
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