Indices closed UP.
S&P 500 @ 2610.30, high 2613.08, low 2585.10
RSI @ 55.05
CMF @ 0.102
Internals were :
UP volume led by 1.66 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 1.83 to 1 in NYSE & 2.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & 8 in Nasdaq
VIX Down 2.46% 18.60
Oil @ $51.97
Gold @ $1288.40
Stocks which were UP 1% or more included MOMO SQ
HUYA BIDU ESTC MTCH BZUN SHOP ROKU LULU
KORS AAPL SPLK FB AMZN CIEN GOOG NFLX
OLED PANW TSLA TWTR NTNX ALDR CHK
LVS OSTK SU MSFT NKE CMG.....
AH news...UAL UP 5.95%, JWN Down 3.3%
SNAP Down 6.86%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE finished near high of the day which is extremely positive, Brexit rejection had no impact as it was widely expected. Market has found its footing and is working its way above key technical levels, Nasdaq already closed above 50 DMA which is extremely bullish, S&P 500 and DOW are staring @ 50 DMA.
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 15, 2019
Indices UP .54% to 1.63%...NICE !!!!
Indices are higher after some profit taking, all this despite no new positive development on any front, imagine IF we have resolution of any issues...then UP UP & away....
S&P 500 @ 2607.56, high 2613.08, low 2585.10
Internals are positive by almost 2 to 1 overall...
Oil UP $1.40
Gold Down $2.80
Canadian $ unchanged @ .6706
VIX Down 4.61% @ 18.91
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are UP
@ 2.04 PM following are red :
MU AEM VICR GG CRON TLRY PRNB AMAT
LRCX MRVL TK GS FNSR MGA V X M .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2607.56, high 2613.08, low 2585.10
Internals are positive by almost 2 to 1 overall...
Oil UP $1.40
Gold Down $2.80
Canadian $ unchanged @ .6706
VIX Down 4.61% @ 18.91
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are UP
@ 2.04 PM following are red :
MU AEM VICR GG CRON TLRY PRNB AMAT
LRCX MRVL TK GS FNSR MGA V X M .....
BLOG does NOT give buy or sell.
Saleem
Monday, January 14, 2019
Indices closed down .36% to .94%....
Indices closed down.
S&P 500 @ 2582.61, low 2570.41, high 2589.22
RSI @ 51.69
CMF @ 0.034
Internals were :
Down volume led by 1.36 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 5 in NYSE & highs by 2 in Nasdaq
VIX UP 4.84% @ 19.07
Oil @ $5051
Gold @ $1291.30
AH news...SSYS UP 11.83%, ARRY UP 8.38%
AH futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was marking time to see how shutdown ends and how earnings will fare, Chinese trade data was of no help, considering all that Close was not bad. Based on futures Tuesday may be much better. Technology stocks were weak as few downgrades took a toll like MU. Stay engaged for opportunistic trades.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2582.61, low 2570.41, high 2589.22
RSI @ 51.69
CMF @ 0.034
Internals were :
Down volume led by 1.36 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new 52 wk lows were leading by 5 in NYSE & highs by 2 in Nasdaq
VIX UP 4.84% @ 19.07
Oil @ $5051
Gold @ $1291.30
AH news...SSYS UP 11.83%, ARRY UP 8.38%
AH futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was marking time to see how shutdown ends and how earnings will fare, Chinese trade data was of no help, considering all that Close was not bad. Based on futures Tuesday may be much better. Technology stocks were weak as few downgrades took a toll like MU. Stay engaged for opportunistic trades.
BLOG does NOT give buy or sell.
Saleem
Indices down .31% to .63%.....
Indices are reacting to earnings anxiety, shutdown and economic data from China, In the end market behavior is extremely contained.
S&P 500 @ 2585.54, low 2570.41, high 2589.32
Internals are mostly negative
Oil Down 38 cents
Gold UP $2.20
Canadian $ Down 3 ticks @ .6733
VIX UP 3.57% @ 18.84
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are down
@ 2.08 PM following are green :
NVDA ROKU LULU KORS FB GG CRON
CGC TLRY JKS NTNX ALDR CHK RIG
CSIQ SPWR GS CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2585.54, low 2570.41, high 2589.32
Internals are mostly negative
Oil Down 38 cents
Gold UP $2.20
Canadian $ Down 3 ticks @ .6733
VIX UP 3.57% @ 18.84
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are down
@ 2.08 PM following are green :
NVDA ROKU LULU KORS FB GG CRON
CGC TLRY JKS NTNX ALDR CHK RIG
CSIQ SPWR GS CNX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 13, 2019
SOX to lead markets higher.......
SOX is showing leadership in being the first sector to close above 50 DMA, a very good sign, in good old days, it was said, as Semis GO, So Goes the Stock market.....
Let us peek through RSI and see what it is telling us :
RUT 57.79
SOX 57.44
Nasdaq 54.98
S&P 500 53.52
DOW 52.72
As you can clearly see that RUT & SOX are the leaders.......
SOX above 50 DMA and RUT is ready to jump above
Nasdaq also ready to jump above 50 DMA
S&P 500 also ready to jump above 50 DMA
DOW is the laggard, in last rally DOW was the leader
With SOX, RUT & Nasdaq showing strength, what is not to like about this TAPE..
IF you look @ charts of many stocks, there are clear cut leaders and some are taking rest to jump ahead.....
Rotation is taking place on a daily basis, perfect environment to be a day trader or swing trader, those terms were out of our analysis for a long time...
Please look in SOX area to find leaders
Cloud also behaving well.
SO...it is the technology stocks all over again......
Please do your own due diligence and ensure your comfort level.
BLOG does NOT give buy or sell.
Saleem
Let us peek through RSI and see what it is telling us :
RUT 57.79
SOX 57.44
Nasdaq 54.98
S&P 500 53.52
DOW 52.72
As you can clearly see that RUT & SOX are the leaders.......
SOX above 50 DMA and RUT is ready to jump above
Nasdaq also ready to jump above 50 DMA
S&P 500 also ready to jump above 50 DMA
DOW is the laggard, in last rally DOW was the leader
With SOX, RUT & Nasdaq showing strength, what is not to like about this TAPE..
IF you look @ charts of many stocks, there are clear cut leaders and some are taking rest to jump ahead.....
Rotation is taking place on a daily basis, perfect environment to be a day trader or swing trader, those terms were out of our analysis for a long time...
Please look in SOX area to find leaders
Cloud also behaving well.
SO...it is the technology stocks all over again......
Please do your own due diligence and ensure your comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, January 11, 2019
Indices closed down .01% to .21%.....
Indices closed down as continued US shutdown is a negative for economy.
S&P 500 @ 2596.26, low 2577.40, high 2596.27
RSI @ 53.52
CMF @ 0.012
Internals were :
UP volume led by 1.45 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 13 in Nasdaq
VIX @ 18.19
Oil @ $51.70
Gold @ $1287.90
Canadian $ @ .6741
Stocks which closed green close included NVDA SQ
HUYA MU AMD KORS SPLK VICR CGC TLRY
CRUS MRVL NFLX OLED QRVO TSLA
SHOP WYNN ULTA SWKS....
Here is my portfolio allocation :
NVDA 48.20%
WB 16.70%
SQ 15.00%
MOMO 8.80%
IQ 6.40%
FEYE 4.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2596.26, low 2577.40, high 2596.27
RSI @ 53.52
CMF @ 0.012
Internals were :
UP volume led by 1.45 to 1 in NYSE & 1.30 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 11 in NYSE & 13 in Nasdaq
VIX @ 18.19
Oil @ $51.70
Gold @ $1287.90
Canadian $ @ .6741
Stocks which closed green close included NVDA SQ
HUYA MU AMD KORS SPLK VICR CGC TLRY
CRUS MRVL NFLX OLED QRVO TSLA
SHOP WYNN ULTA SWKS....
Here is my portfolio allocation :
NVDA 48.20%
WB 16.70%
SQ 15.00%
MOMO 8.80%
IQ 6.40%
FEYE 4.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 10, 2019
Indices closed UP .45% to .51%...NICE !!!!
Indices closed UP.
S&P 500 @ 2596.84, high 2597.82, low 2562.02
RSI @ 53.57
CMF @ -0.070
Internals were :
UP volume led by 1.35 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & 5 in Nasdaq
VIX Down 2.40% @ 19.50
Oil @ $52.59
Gold @ $1287.40
Stocks which were UP 1% or more included IQ NVDA
HUYA BIDU MU KORS VICR FSLR CGC AMAT
NFLX OLED PANW QRVO TSLA TWTR YY
ALDR MGA SWKS TSM CMG....
AH news...PVH UP 5.89%, ACOR UP 4.98%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE fought profit taking and closed @ high of the day, many stocks continue to make upward move to participate in improved sentiment and new year allocation. Fed Chief Powell continue to make supportive statement to bolster stocks. Looks like there is tremendous buying power left to boost this TAPE. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2596.84, high 2597.82, low 2562.02
RSI @ 53.57
CMF @ -0.070
Internals were :
UP volume led by 1.35 to 1 in NYSE & 1.53 to 1 in Nasdaq
Advancing stocks led by 1.61 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & 5 in Nasdaq
VIX Down 2.40% @ 19.50
Oil @ $52.59
Gold @ $1287.40
Stocks which were UP 1% or more included IQ NVDA
HUYA BIDU MU KORS VICR FSLR CGC AMAT
NFLX OLED PANW QRVO TSLA TWTR YY
ALDR MGA SWKS TSM CMG....
AH news...PVH UP 5.89%, ACOR UP 4.98%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE fought profit taking and closed @ high of the day, many stocks continue to make upward move to participate in improved sentiment and new year allocation. Fed Chief Powell continue to make supportive statement to bolster stocks. Looks like there is tremendous buying power left to boost this TAPE. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
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