Indices closed UP.
S&P 500 @ 2098.85, high 2098.94, low 2070.00
RSI @ 54.77
CMF @ 0.062
Internals were :
UP volume led by 3.76 to 1 in NYSE & 4.13 to 1 in Nasdaq
Advancing stocks led by 3.85 to 1 in NYSE & 2.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 406 in NYSE & 78 in Nasdaq
VIX Down 6.07% @ 15.63
Oil @ $48.33
Gold @ $1320.60
Stocks which were UP 1% or more included NTES
SODA CTRP LNG GOOG SPWR AAPL LULU
GG ABX COH QRVO MSFT CSIQ YHOO
SINA EXPE SU FFIV SSYS RIG FEYE
WB BABA YELP MU OLED AAL
LRCX TCK SLW AEM CRUS
SWIR CSOD MS FCX ZG
GS AGU MLNX....
AH ER...MU Down 9.45%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was in super bullish mode and closed UP 3 days in a row, Indices closed @ high of the day missing the absolute highest level by fraction. Internals improved further. All indices closed above 50 & 200 DMA, a sign of strong technicals. Conviction and patience is paying off nicely. Canada is closed Friday for independence day. There is a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 30, 2016
Indices UP 1.06% to 1.24%....NICE !!!!
Indices are above key technical levels of above 50 DMA in all indices, Nasdaq is struggling to stay there. This uptrend continues when oil is down and US$ is higher, an unbuckling from those key factors.
S&P 500 @ 2093.51, high 2096.68, low 2070.00
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 63 cents
Gold Down $5.10
Canadian $ Down 45 tick @ .7026
VIX Down 3.79% @ 16.01
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.33 following are red :
CMG VRX PANW NXPI SPLK EGO KGC LVS V
LNKD DNKN MA CHK SWN TK DATA WYNN....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2093.51, high 2096.68, low 2070.00
Internals are positive by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down 63 cents
Gold Down $5.10
Canadian $ Down 45 tick @ .7026
VIX Down 3.79% @ 16.01
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.33 following are red :
CMG VRX PANW NXPI SPLK EGO KGC LVS V
LNKD DNKN MA CHK SWN TK DATA WYNN....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 29, 2016
Indices closed UP 1.64% to 1.86%....NICE !!!!
Indices closed UP.
S&P 500 @ 2070.77, high 2073.13, low 2042.69
RSI @ 49.52
CMF @ 0.046
Internals were :
UP volume led by 9.63 to 1 in NYSE & 4.75 to 1 in Nasdaq
Advancing stocks led by 6.09 to 1 in NYSE & 3.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 312 in NYSE & 11 in Nasdaq
VIX Down 11.25% @ 16.64
Oil @ $49.88
Gold @ $1326.90
Stocks which were UP 3% or more included
CNQ CMG NTES SBUX UA
LNG PANW SPLK SPWR QRVO
COH NFLX TSLA CHK TK SSYS RIG
FEYE YELP FSLR AAL TCK SLW CSOD
MGA ORCL ZG WYNN TRIP......
AH ER...PIR Down 6.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE had another strong day and closed near high of the day, internals were strong all over.Gold had the highest close since July 2014, almost 2 year high. S&P 500 & Dow are staring @ 50 DMA, they can take it out anytime with green TAPE. So we went from head & shoulder formation in S&P 500 to heading north in a hurry, so much for many formations. Most sectors participated in this rally. Stay with your high comfort stock, we may be celebrating 4th of July in a big way.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2070.77, high 2073.13, low 2042.69
RSI @ 49.52
CMF @ 0.046
Internals were :
UP volume led by 9.63 to 1 in NYSE & 4.75 to 1 in Nasdaq
Advancing stocks led by 6.09 to 1 in NYSE & 3.78 to 1 in Nasdaq
Net new 52 wk highs were leading by 312 in NYSE & 11 in Nasdaq
VIX Down 11.25% @ 16.64
Oil @ $49.88
Gold @ $1326.90
Stocks which were UP 3% or more included
CNQ CMG NTES SBUX UA
LNG PANW SPLK SPWR QRVO
COH NFLX TSLA CHK TK SSYS RIG
FEYE YELP FSLR AAL TCK SLW CSOD
MGA ORCL ZG WYNN TRIP......
AH ER...PIR Down 6.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE had another strong day and closed near high of the day, internals were strong all over.Gold had the highest close since July 2014, almost 2 year high. S&P 500 & Dow are staring @ 50 DMA, they can take it out anytime with green TAPE. So we went from head & shoulder formation in S&P 500 to heading north in a hurry, so much for many formations. Most sectors participated in this rally. Stay with your high comfort stock, we may be celebrating 4th of July in a big way.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.47 % to 1.81%...NICE !!!!
Indices are sharply higher & @ high of the day, on renewed buying and technical picture improving after 2 days of sharp reversal, all sectors are participating, which is a strong sign of buy program.
S&P 500 @ 2069.66, high 2069.77, low 2042.69
Internals are positive by 6 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP $1.79
Gold UP $9.80
Canadian $ UP 48 tick @ .7027
VIX Down 11.09% @ 16.67
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.27 following are red :
SWN ......
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 28, 2016
Indices closed UP 1.57% to 2.12%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2036.09, high 2036.09, low 2006.67
RSI @ 41.77
CMF @ 0.033
Internals were :
UP volume led by 9.25 to 1 in NYSE & 9.00 to 1 in Nasdaq
Advancing stocks led by 6.00 to 1 in NYSE & 3.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & lows by 13 in Nasdaq
VIX Down 21.38% @ 18.75
Oil @ $47.85
Gold @ $1317.90
Stocks which were UP 2% or more included :
NTES JCP SBUX TWTR UA VRX
SODA CTRP LNG SPLK SPWR AMZN
QRVO FB SU JKS BIDU V COH LEN MSFT
NFLX CSIQ YHOO SINA DNKN EXPE CHK TK
SWN SSYS RIG FEYE BABA YELP FSLR CIEN MU
OLED AAL M LRCX TCK CRUS DATA SWIR MS FCX
ZG GS.......
AH ER....NKE Down 4.22%, AVAV Down 7.37%
AH Futures Down
AH Asian Markets UP
AH Oil UP & Gold UP
About market, TAPE was in overdrive and closed @ absolutely high of the day in S&P 500 & Dow, Nasdaq missed it by a single point. Dow & S&P 500 are above 200 DMA, Nasdaq still below 50 & 200 DMA. Internals were strong. Most sectors participated except gold & silver. IF we get a confirmation of this rally by another green close, then we are on strong technical ground. Patience & conviction paid off this time also.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2036.09, high 2036.09, low 2006.67
RSI @ 41.77
CMF @ 0.033
Internals were :
UP volume led by 9.25 to 1 in NYSE & 9.00 to 1 in Nasdaq
Advancing stocks led by 6.00 to 1 in NYSE & 3.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & lows by 13 in Nasdaq
VIX Down 21.38% @ 18.75
Oil @ $47.85
Gold @ $1317.90
Stocks which were UP 2% or more included :
NTES JCP SBUX TWTR UA VRX
SODA CTRP LNG SPLK SPWR AMZN
QRVO FB SU JKS BIDU V COH LEN MSFT
NFLX CSIQ YHOO SINA DNKN EXPE CHK TK
SWN SSYS RIG FEYE BABA YELP FSLR CIEN MU
OLED AAL M LRCX TCK CRUS DATA SWIR MS FCX
ZG GS.......
AH ER....NKE Down 4.22%, AVAV Down 7.37%
AH Futures Down
AH Asian Markets UP
AH Oil UP & Gold UP
About market, TAPE was in overdrive and closed @ absolutely high of the day in S&P 500 & Dow, Nasdaq missed it by a single point. Dow & S&P 500 are above 200 DMA, Nasdaq still below 50 & 200 DMA. Internals were strong. Most sectors participated except gold & silver. IF we get a confirmation of this rally by another green close, then we are on strong technical ground. Patience & conviction paid off this time also.
BLOG does NOT give buy or sell.
Saleem
Indices UP .84% to 1.46%....NICE !!!!
Indices are higher on deeply oversold condition, indices are below their high of the day.
S&P 500 @ 2020.41, high 2027.13, low 2006.67
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP $1.19
Gold Down $6.50
Canadian $ Down 2 tick @ .6927
VIX Down 16.06% @ 20.02
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.09 following are red :
EGO ABX KGC SLW AEM CSOD.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2020.41, high 2027.13, low 2006.67
Internals are positive by 5 to 1 in NYSE & 4 to 1 in Nasdaq
Oil UP $1.19
Gold Down $6.50
Canadian $ Down 2 tick @ .6927
VIX Down 16.06% @ 20.02
Portfolio CNQ CMG NTES JCP SBUX TWTR UA VRX
Most stocks are UP
@ 2.09 following are red :
EGO ABX KGC SLW AEM CSOD.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 27, 2016
Indices closed down 1.50% to 2.41%.......
Indices closed down.
S&P 500 @ 2000.54, low 1991.68, high 2031.45
RSI @ 31.81
CMF @ -0.018
Internals were :
Down volume led by 6.45 to 1 in NYSE & 12.18 to 1 in Nasdaq
Declining stocks led by 4.25 to 1 in NYSE & 5.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 7 in NYSE & lows by 180 in Nasdaq
VIX Down 7.41% @ 23.85
Oil @ $46.33
Gold @ $1324.70
AH futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under selling pressure from open and got a mini lift @ close. Internals were extremely negative which showed total capitulation. Selling looked washed out and close was not @ low of the day. Nasdaq felt the brunt of this selling losing 6.5% in 2 days, that used be a correction % stretched over several weeks. Today was a good opportunity to do selective buying. Expecting a green day for Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2000.54, low 1991.68, high 2031.45
RSI @ 31.81
CMF @ -0.018
Internals were :
Down volume led by 6.45 to 1 in NYSE & 12.18 to 1 in Nasdaq
Declining stocks led by 4.25 to 1 in NYSE & 5.75 to 1 in Nasdaq
Net new 52 wk highs were leading by 7 in NYSE & lows by 180 in Nasdaq
VIX Down 7.41% @ 23.85
Oil @ $46.33
Gold @ $1324.70
AH futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under selling pressure from open and got a mini lift @ close. Internals were extremely negative which showed total capitulation. Selling looked washed out and close was not @ low of the day. Nasdaq felt the brunt of this selling losing 6.5% in 2 days, that used be a correction % stretched over several weeks. Today was a good opportunity to do selective buying. Expecting a green day for Tuesday.
BLOG does NOT give buy or sell.
Saleem
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