Thursday, July 11, 2013

Indices UP .84% to 1.31%.....NICE !!!!

Indices are in record territory thanks to another Ben Bernanke "change of policy focus".

S&P 500 @ 1669.53, high 1671.03

Internals are positive by minimum 3 to 1...

Oil Down $1.91

Gold UP $31.90

Canadian $ UP 94 tick @ 96.24

VIX Down 2.39% @ 13.87

Portfolio EBAY KOG BBRY AUY

Most stocks are UP

@ 1.56 following are red :

KOG BBRY GMCR EXPE NFLX CMG YUM
GRPN FB MS TXTR CLDX.......

BLOG does NOT give buy or sell.

Saleem

Wednesday, July 10, 2013

Indices closed mixed......

Indices were on Fed minutes watch, when it came out, there was some optimism for further delay in cutback of stimulus.

S&P 500 @ 1652.62, high 1657.92

RSI @ 60.04

CMF @ 0.010...first positive in a long time

Internals were :

UP volume led by .85 to 1 in NYSE & 1.54 to 1 in Nasdaq

Advancing stocks led by 1.14 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 143 in NYSE & 206 in Nasdaq

VIX Down .98% @ 14.21

Oil @ $106.52

Gold @ $1247.40

Stocks which closed green included EBAY AUY
WLT CLF JCP LULU TIF AMZN GOOG
EXPE DNKN PANW BIDU FFIV COH
GRPN RVBD CRUS FB LRCX
AMCC FNSR QCOM CSIQ
SPWR MGA MLNX 
WYNN......

AH ER YUM UP .88%

AH Futures UP

AH Asian Markets Mixed

AH Oil Down  

AH Gold UP

About market, after close Ben Bernake in Q&A said " Highly Accommodative policy needed for foreseeable future"...this statement lit fire in futures & 10 yr Bond yield fell, US$ tumbled & Gold is UP $32.70. IBD still saying "market in correction"...they may not look good for Thursday TAPE.

BLOG does NOT give buy or sell.

Saleem

Indices UP .10% to .36%.......NICE !!!!!

Indices are green after Fed further clarifies job focus for easing of QE111.....

S&P 500 @ 1653.92, high 1657.92

Internals are positive

Oil UP $2.74

Gold $11.00

Canadian $ UP 15 tick @ 95.13

VIX Down 1.74% @ 14.10

Portfolio EBAY KOG BBRY AUY

Most stocks are UP

@ 2.22 following are red :

KOG BBRY X YHOO LEN KORS GMCR
LNKD NFLX TSLA TCK POT GOOG
PCLN RDN CF BAC CMG YUM M
MA V MU CIEN C SNDK MOS
FSLR SBUX MS GS AGU IBN....

BLOG does NOT give buy or sell.

Saleem

Tuesday, July 9, 2013

Indices closed UP .50% to .72%.....NICE !!!!

Indices closed UP again as buying continues.

S&P 500 @ 1652.32, high 1654.18

RSI 59.96

CMF @ -0.022

Internals were :

UP volume led by 3.86 to 1 in NYSE & 1.73 to 1 in Nasdaq

Advancing stocks led by 2.89 to 1 in NYSE & 1.53 to 1 in Nasdaq

Net new 52 wk highs were leading by 244 in NYSE & 278 in Nasdaq

VIX Down 2.91% @ 14.35

Oil @ $103.53

Gold @ $1245.90

Stocks which were UP 1% or more included EBAY KOG
WLT CLF TCK TXTR CLDX YHOO LEN NFLX
AAPL POT MOS MON AGU CF BAC C MS 
GS LVS BIDU FFIV GG EGO SLW RVBD 
FB Z IBN LRCX AMCC CCJ .....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, It is all about Fed minutes, market will be surprised again in their will to curtail & then eliminate Bond buying. Chinese trade data for June is well below forecast, exports dropping 3.1% y/y. It looks like a down day for Wednesday considering everything. Hopefully we will recover after digesting all the news.

BLOG does NOT give buy or sell.

Saleem

Indices UP .51% to .73%.....NICE !!!!

Indices are heading north again. Asian markets closed UP. Europe is UP .52% to 1.12%......

S&P 500 @ 1652.25, high today 1653.49

Internals are positive.

Oil UP 13 cents

Gold UP $10.70

Canadian $ UP 28 tick @ 94.96

VIX Down 2.84% @ 14.36

Portfolio EBAY KOG BBRY AUY

Most stocks are UP

@ 1.55 following are red :

AUY GMCR LNKD GOOG RDN DNKN V
GRPN WPRT CRUS ZNGA MU JDSU
CIEN FNSR SNDK QCOM CSIQ
FSLR SBUX AEM SINA SPWR
WYNN SODA TXTR .....

BLOG does NOT give buy or sell.

Saleem

Monday, July 8, 2013

Indices closed UP .16% to .59%....NICE !!!!!!

Indices closed UP again.

S&P 500 @ 1640.46, high 1644.68

RSI @ 56.85

CMF @ -0.062

Internals were :

UP volume led by 2.12 to 1 in NYSE & 1.19 to 1 in Nasdaq

Advancing stocks led by 1.39 to 1 in NYSE & 1.29 to 1 in Nasdaq

Net new 52 wk highs were leading by 229 in NYSE & 345 in Nasdaq

VIX Down .74% @ 14.78

Oil @ $103.14

Gold @ $1234.90

Stocks which were UP 1% or more included X WLT CLF
RDN KORS M GMCR LULU LNKD NFLX TSLA 
PANW WPRT FB C MS MOS AGU CSIQ 
AEM SINA Z.....

AH ER AA Down .25%

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE continues its uptrend.Rotation in some commodity stocks are taking place. Bond money allocation to equities may be in play here & giving support. i expect TAPE to head towards new highs. IBD still not acknowledging technical improvement which has taken place since correction?

BLOG does NOT give buy or sell.

Saleem

Indices UP .06% to .66%.....NICE !!!!

Indices are UP again. Asian markets were down but European exchanges are UP from 1.17% to 2.08%.

S&P 500 @ 1640.64, high 1644.68

Internals are positive

Oil Down 17 cents

Gold UP $21.80

Canadian $ UP 4 tick @ 94.58

VIX Down .20% @ 14.86

Portfolio EBAY KOG BBRY AUY

Most stocks are UP

@ 1.49 following are red :

EBAY BBRY AUY YHOO LEN TCK AAPL
EXPE CLDX TXTR HMC DNKN CMG
BIDU FFIV MA V GRPN RVBD 
CRUS ZNGA LRCX BRCM
MU AMCC CIEN SNDK
QCOM NVDA FSLR
GG SPWR MLNX
IBN.....

BLOG does NOT give buy or sell.

Saleem