Indices were green but turned mixed, when news came about issues with CHINA vs USA trade agreement phase 1, so now its back to more negotiations, market does not expects backtracking on an agreed deal.
S&P 500 @ 3090.23, low 3078.80, high 3098.06
Internals are negative
Oil UP 33 cents
Gold UP $13.30
Canadian $ Down 18 tick @ .6751
VIX UP 5.05% @ 13.32
Portfolio AMD CIEN LSCC SPWR SQ TWTR
Most stocks are down
@ 2.36 PM following are green :
AMD TSM TWLO LYFT NEM AEM LULU SHOP
ROKU PHM OSTK NKE KBH ....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 13, 2019
Tuesday, November 12, 2019
Indices closed UP 0% to .26%....NICE!!!!
Indices closed UP.
S&P 500 @ 3091.84, high 3102.61, low 3084.73
RSI @ 68.73
CMF @ 0.162
Internals were :
Down volume led by 1.37 to 1 in NYSE & .81 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & .99 to 1 in Nasdaq
VIX Down .08% @ 12.68
Oil @ $56.80
Gold @ $1453.70
Stocks which were UP 1% or more included AMD
BYND JKS BZUN MRVL FB TSLA MU ROKU
VICR CRUS OLED PANW SWKS KBH CMG...
AH news...DDOG UP 14.83%, CSIQ Down 9.02%
TTPH Down 7.97%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was all over the place but by close we closed unchanged to UP. S&P 500 and Nasdaq made a new all time high S&P 500 Intraday and new all time high & Nasdaq closing high.
Internals were mostly negative which is not a good thing on day of new all time high, market looks overbought and tired, needs pullback.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3091.84, high 3102.61, low 3084.73
RSI @ 68.73
CMF @ 0.162
Internals were :
Down volume led by 1.37 to 1 in NYSE & .81 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & .99 to 1 in Nasdaq
VIX Down .08% @ 12.68
Oil @ $56.80
Gold @ $1453.70
Stocks which were UP 1% or more included AMD
BYND JKS BZUN MRVL FB TSLA MU ROKU
VICR CRUS OLED PANW SWKS KBH CMG...
AH news...DDOG UP 14.83%, CSIQ Down 9.02%
TTPH Down 7.97%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was all over the place but by close we closed unchanged to UP. S&P 500 and Nasdaq made a new all time high S&P 500 Intraday and new all time high & Nasdaq closing high.
Internals were mostly negative which is not a good thing on day of new all time high, market looks overbought and tired, needs pullback.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices have turned mixed and @ low of the day.
S&P 500 @ 3091.56, high 3102.61, low 3088.81
Internals are neutral
Oil Down 7 cents
Gold Down $1.50
Canadian $ UP 9 tick @ .6778
VIX UP 1.34% @ 12.86
Portfolio AMD CIEN LSCC SPWR SQ TWTR
Most stocks are UP
@ 2.25 PM following are red :
SQ TWTR TWLO HUYA AAL CGC CRON TLRY
EXPE NFLX YY LVS YELP SINA OSTK CNX..
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3091.56, high 3102.61, low 3088.81
Internals are neutral
Oil Down 7 cents
Gold Down $1.50
Canadian $ UP 9 tick @ .6778
VIX UP 1.34% @ 12.86
Portfolio AMD CIEN LSCC SPWR SQ TWTR
Most stocks are UP
@ 2.25 PM following are red :
SQ TWTR TWLO HUYA AAL CGC CRON TLRY
EXPE NFLX YY LVS YELP SINA OSTK CNX..
BLOG does NOT give buy or sell.
Saleem
Monday, November 11, 2019
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 3087.01, low 3075.82, high 3088.33
RSI @ 67.82
CMF @ 0.191
Internals were :
Down volume led by 1.51 to 1 in NYSE & .99 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 58 in NYSE & lows by 4 in Nasdaq
VIX UP 5.14% @ 12.69
Oil @ $56.86
Gold @ $1457.10
AH news....JCOM Down 3.08%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down.
About market, TAPE was weak @ open but managed to close near high of the day. DOW had another all time high close. Internals were weak and may need some time to digest gains or another tweet of good news to boost this TAPE. So we wait either digestive process to end or another shot @ new highs by news.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3087.01, low 3075.82, high 3088.33
RSI @ 67.82
CMF @ 0.191
Internals were :
Down volume led by 1.51 to 1 in NYSE & .99 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 58 in NYSE & lows by 4 in Nasdaq
VIX UP 5.14% @ 12.69
Oil @ $56.86
Gold @ $1457.10
AH news....JCOM Down 3.08%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down.
About market, TAPE was weak @ open but managed to close near high of the day. DOW had another all time high close. Internals were weak and may need some time to digest gains or another tweet of good news to boost this TAPE. So we wait either digestive process to end or another shot @ new highs by news.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after a weak open on trade concern and Hong Kong protest. Indices have recovered to best level of the day.
S&P 500 @ 3087.57, low 3075.82, high 3088.33
Internals are negative by almost 2 to 1
Oil Down 6 cents
Gold Down $4.80
Canadian $ UP 9 tick @ .6783
VIX UP 5.47% @ 12.73
Portfolio AMD CIEN LSCC SPWR SQ TWTR
Most stocks are down
@ 2.06 PM following are green :
CIEN LSCC SPWR SQ JKS TWLO BZUN
TSLA LULU SHOP ROKU FSLR CTRP
YELP ULTA KBH CMG X M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3087.57, low 3075.82, high 3088.33
Internals are negative by almost 2 to 1
Oil Down 6 cents
Gold Down $4.80
Canadian $ UP 9 tick @ .6783
VIX UP 5.47% @ 12.73
Portfolio AMD CIEN LSCC SPWR SQ TWTR
Most stocks are down
@ 2.06 PM following are green :
CIEN LSCC SPWR SQ JKS TWLO BZUN
TSLA LULU SHOP ROKU FSLR CTRP
YELP ULTA KBH CMG X M.....
BLOG does NOT give buy or sell.
Saleem
Sunday, November 10, 2019
Are we ready for minor pullback?
We had unbelievably strong 5 weeks in US market, we are @ all time highs in every major Indices except Russell 2000.
We also had the highest close ever on Friday in DOW, NASDAQ & S&P 500.....
NOW...the logical question is " are we ready for a pause "
To answer that, we want to look @ RSI my preferred technical indicator, they are :
XLF 76.07
S&P 500 70.22
DOW 69.22
Nasdaq 68.49
SOX 67.81
IWM 66.85
Financials are clearly in overbought territory......
S&P 500 also in overbought territory.....
DOW, Nasdaq & SOX are almost in overbought range....
Russell 2000 is lagging, but not by much.....
YES....we are in a " pause area "
We may have couple of days of UP days, then reversal / pause is not out of question.
Most common strategy is to book profit when any stock hit couple of days of new highs.
OR...you can sit tight and hope that couple of days of pullback is all we are going to get, then party will restart.
I personally think, we are going much higher going into new year...
November remaining 3 weeks may see digestion of huge gains....
I will recommend looking @ " rotation angle " by end of November.....
Expecting December to be a strong month......
Ready or not....a pause in rally may be in store....
Good luck with your own understanding of this TAPE and comfort level.
BLOG does NOT give buy or sell.
Saleem
We also had the highest close ever on Friday in DOW, NASDAQ & S&P 500.....
NOW...the logical question is " are we ready for a pause "
To answer that, we want to look @ RSI my preferred technical indicator, they are :
XLF 76.07
S&P 500 70.22
DOW 69.22
Nasdaq 68.49
SOX 67.81
IWM 66.85
Financials are clearly in overbought territory......
S&P 500 also in overbought territory.....
DOW, Nasdaq & SOX are almost in overbought range....
Russell 2000 is lagging, but not by much.....
YES....we are in a " pause area "
We may have couple of days of UP days, then reversal / pause is not out of question.
Most common strategy is to book profit when any stock hit couple of days of new highs.
OR...you can sit tight and hope that couple of days of pullback is all we are going to get, then party will restart.
I personally think, we are going much higher going into new year...
November remaining 3 weeks may see digestion of huge gains....
I will recommend looking @ " rotation angle " by end of November.....
Expecting December to be a strong month......
Ready or not....a pause in rally may be in store....
Good luck with your own understanding of this TAPE and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, November 8, 2019
Indices closed UP .02% to .48%...NICE !!!!
Indices closed @ high of the day. DOW, S&P 500 & Nasdaq had the highest close ever. Market Ignored denial by USA that they are lowering tariff for Chinese imports, a sign of internal strength.
S&P 500 @ 3093.03, high 3093.03, low 3073.58
RSI @ 70.21
CMF @ 0.149
Internals were :
UP volume led by 1.20 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by 1.07 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & by 2 in Nasdaq
VIX Down 5.18% @ 12.07
Oil @ $57.24
Gold @ $1462.90
Canadian $ @ .6778
Stocks which were UP 1% or more included LSCC
BYND JKS TWLO BIDU MSFT HUYA FEYE
ROKU SPLK VICR CGC CRON TLRY CNX
CRUS EXPE PANW QRVO NTNX YELP
MS SWKS CNX....
Here is my portfolio weighting :
CIEN 20.20%
TWTR 19.70%
SQ 19.00%
AMD 17.20%
LSCC 16.00%
SPWR 7.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 3093.03, high 3093.03, low 3073.58
RSI @ 70.21
CMF @ 0.149
Internals were :
UP volume led by 1.20 to 1 in NYSE & 1.64 to 1 in Nasdaq
Advancing stocks led by 1.07 to 1 in NYSE & 1.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & by 2 in Nasdaq
VIX Down 5.18% @ 12.07
Oil @ $57.24
Gold @ $1462.90
Canadian $ @ .6778
Stocks which were UP 1% or more included LSCC
BYND JKS TWLO BIDU MSFT HUYA FEYE
ROKU SPLK VICR CGC CRON TLRY CNX
CRUS EXPE PANW QRVO NTNX YELP
MS SWKS CNX....
Here is my portfolio weighting :
CIEN 20.20%
TWTR 19.70%
SQ 19.00%
AMD 17.20%
LSCC 16.00%
SPWR 7.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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