Indices are sharply higher and @ high of the day on less concern about Irma and North Korea.
S&P 500 @ 2487.69, high 2488.95, low 2474.52
Internals are positive by minimum 2.5 to 1 to 3.5 to 1
Oil UP 53 cents
Gold Down $15.50
Canadian $ UP 35 tick @ .7883...2.5 years high against US$
VIX Down 10.73% @ 10.82
Portfolio AMD CTRP MOMO NVDA NFLX
Most stocks are UP
@ 1.59 following are red :
LULU NTES SPWR CNQ GG ABX KGC CHK TK
LNG YELP CIEN TRIP AEM X.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 11, 2017
Sunday, September 10, 2017
Irma downgraded to category 2......
@ 5.06 PM Irma got downgraded to category 2, which is much better news than category 5.
This downgrade of Irma will help sentiment on Wall Street.
Loss associated with Category 2 is much more contained and below wall street estimates.
Indices were trying to discount Irma's potential damage on Friday......
What to expect when Wall Street opens?
We need to look @ internal health of this market, through the eyes of RSI, and the numbers are :
DOW 48.58
S&P 500 52.34
Nasdaq 53.29
GLD 74.44
TAN 57.11
XLE 56.02
RUT 52.55
SOX 50.39
As you can clearly see that all indices and sectors are in good health and have not broken down.
Bull bear ratio showing lot of buying power remaining....traders got too pessimistic in a hurry.....
Logic says that Gold should sell off.......
Energy is always a tough call
TAN ( solar ) leaders are looking healthy JKS in particular.
RUT and SOX should rally back
DOW, S&P 500 and Nasdaq should rally .....
Based on anticipated moves, it may be wise to do some switching to stronger stocks from weaker ones.
Pre- market may give switching opportunities.
Political climate has taken a turn for the better, with inclusion of Democrats in extension of debt limit.
North Korea is listening to China by holding off any more fireworks ( missile works )
All in all better news from weather, North Korea and US politics......we may be looking @ pretty strong week......
Good luck with your own strategy and comfort level!
BLOG does NOT give buy or sell.
Saleem
This downgrade of Irma will help sentiment on Wall Street.
Loss associated with Category 2 is much more contained and below wall street estimates.
Indices were trying to discount Irma's potential damage on Friday......
What to expect when Wall Street opens?
We need to look @ internal health of this market, through the eyes of RSI, and the numbers are :
DOW 48.58
S&P 500 52.34
Nasdaq 53.29
GLD 74.44
TAN 57.11
XLE 56.02
RUT 52.55
SOX 50.39
As you can clearly see that all indices and sectors are in good health and have not broken down.
Bull bear ratio showing lot of buying power remaining....traders got too pessimistic in a hurry.....
Logic says that Gold should sell off.......
Energy is always a tough call
TAN ( solar ) leaders are looking healthy JKS in particular.
RUT and SOX should rally back
DOW, S&P 500 and Nasdaq should rally .....
Based on anticipated moves, it may be wise to do some switching to stronger stocks from weaker ones.
Pre- market may give switching opportunities.
Political climate has taken a turn for the better, with inclusion of Democrats in extension of debt limit.
North Korea is listening to China by holding off any more fireworks ( missile works )
All in all better news from weather, North Korea and US politics......we may be looking @ pretty strong week......
Good luck with your own strategy and comfort level!
BLOG does NOT give buy or sell.
Saleem
Friday, September 8, 2017
Indices closed mixed.....
Indices closed mixed on weather related impact on economy.Oil backed off 3%, gold continued its record run. Technology was the big loser today, Dow was the sole gainer.
S&P 500 @ 2461.43, low 2459.40, high 2467.11
RSI @ 52.34
CMF @ -0.033
Internals were :
Down volume led by 1.58 to 1 in NYSE & 1.67 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 102 in Nasdaq
VIX UP 4.94% @ 12.12
Oil @ $47.48
Gold @ $1351.20
Canadian $ @ .7868
Stocks which closed green included CTRP
LULU OCLR SNAP VRX TWTR GG
MA LEN YUM FEYE LNG YELP
CIEN GS AGU DATA MGA
SHOP KBH PANW.....
Here is my portfolio weighting :
MOMO 25.53%
NVDA 24.93%
NFLX 23.89%
AMD 14.31%
CTRP 11.34%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2461.43, low 2459.40, high 2467.11
RSI @ 52.34
CMF @ -0.033
Internals were :
Down volume led by 1.58 to 1 in NYSE & 1.67 to 1 in Nasdaq
Declining stocks led by 1.19 to 1 in NYSE & .99 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 102 in Nasdaq
VIX UP 4.94% @ 12.12
Oil @ $47.48
Gold @ $1351.20
Canadian $ @ .7868
Stocks which closed green included CTRP
LULU OCLR SNAP VRX TWTR GG
MA LEN YUM FEYE LNG YELP
CIEN GS AGU DATA MGA
SHOP KBH PANW.....
Here is my portfolio weighting :
MOMO 25.53%
NVDA 24.93%
NFLX 23.89%
AMD 14.31%
CTRP 11.34%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, September 7, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2465.10, low 2460.29, high 2468.62
RSI @ 54.09
CMF @ -0.064
Internals were :
UP volume led by 1.02 to 1 in NYSE & 1.14 to 1 in Nasdaq
Advancing stocks led by 1.07 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 99 in Nasdaq
VIX Down .69% @ 11.55
Oil @ $49.09
Gold @ $1350.30
Stocks which were UP 1% or more included CTRP
BABA BIDU WUBA TSLA MCHP AMZN MU
NTES SNAP VRX TWTR GG TECK FCX V
UA KGC MA JKS MSFT CSIQ SINA SU
EBAY CHK FEYE WB YELP WYNN
TRIP ORCL SHOP MCD AEM
ULTA LRCX......
AH news...FNSR Down 6.82%, ZUMZ UP 12.88%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was mixed but closed near high of the day. Nasdaq stocks performed well and closed green. Many stocks are showing strength again, this includes many Chinese stocks. Many stocks are making new highs, those are the stocks to chase. Weather is playing a role in subdued trading. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2465.10, low 2460.29, high 2468.62
RSI @ 54.09
CMF @ -0.064
Internals were :
UP volume led by 1.02 to 1 in NYSE & 1.14 to 1 in Nasdaq
Advancing stocks led by 1.07 to 1 in NYSE & .94 to 1 in Nasdaq
Net new 52 wk highs were leading by 94 in NYSE & 99 in Nasdaq
VIX Down .69% @ 11.55
Oil @ $49.09
Gold @ $1350.30
Stocks which were UP 1% or more included CTRP
BABA BIDU WUBA TSLA MCHP AMZN MU
NTES SNAP VRX TWTR GG TECK FCX V
UA KGC MA JKS MSFT CSIQ SINA SU
EBAY CHK FEYE WB YELP WYNN
TRIP ORCL SHOP MCD AEM
ULTA LRCX......
AH news...FNSR Down 6.82%, ZUMZ UP 12.88%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was mixed but closed near high of the day. Nasdaq stocks performed well and closed green. Many stocks are showing strength again, this includes many Chinese stocks. Many stocks are making new highs, those are the stocks to chase. Weather is playing a role in subdued trading. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .08% to .23%......
Indices are taking a rest with slightly lower number. Indices are @ low of the day.
S&P 500 @ 2461.89, low 2460.29, high 2468.62
Internals are positive with AD better than 2 to 1
Oil Down 3 cents
Gold UP $13.10
Canadian $ UP 74 tick @ .7851...26 months high against US$
VIX UP 3.18% @ 12.00
Portfolio AMD CTRP MOMO NVDA NFLX
Most stocks are UP
@ 12.58 following are red :
AMD LULU FNSR OCLR AAPL OLED BAC SBUX
COH DNKN FFIV RIG LNG FSLR CIEN GS MS
CRUS KORS NKE KBH OPK AAL M PANW....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2461.89, low 2460.29, high 2468.62
Internals are positive with AD better than 2 to 1
Oil Down 3 cents
Gold UP $13.10
Canadian $ UP 74 tick @ .7851...26 months high against US$
VIX UP 3.18% @ 12.00
Portfolio AMD CTRP MOMO NVDA NFLX
Most stocks are UP
@ 12.58 following are red :
AMD LULU FNSR OCLR AAPL OLED BAC SBUX
COH DNKN FFIV RIG LNG FSLR CIEN GS MS
CRUS KORS NKE KBH OPK AAL M PANW....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 6, 2017
Indices Closed UP .25% to .31%.....NICE !!!!
Indices closed UP.
S&P 500 @ 2465.54, high 2469.64, low 2459.20
RSI @ 54.29
CMF @ -0.024
Internals were :
UP volume led by 2.31 to 1 in NYSE & 1.50 to 1 in Nasdaq
Advancing stocks led by 1.65 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & 59 in Nasdaq
VIX Down 4.91% @ 11.63
Oil @ $49.16
Gold @ $1339.00
Stocks which were UP 1% or more included NFLX
SPWR OCLR TWTR CNQ SU TECK FCX UA
SINA EBAY CHK TK AGU ULTA CMG X
M......
AH news : RH UP 35.57%, AMSC UP 12.05%
VRNT UP 5.83%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE enjoyed a positive close near high of the day, some movement on debt ceiling caused optimism. Oil was also positive on weather situation. There was selective movement in many stocks and sectors. There is still good stocks languishing around support. Keep a diversified portfolio to take advantage of rotation.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2465.54, high 2469.64, low 2459.20
RSI @ 54.29
CMF @ -0.024
Internals were :
UP volume led by 2.31 to 1 in NYSE & 1.50 to 1 in Nasdaq
Advancing stocks led by 1.65 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & 59 in Nasdaq
VIX Down 4.91% @ 11.63
Oil @ $49.16
Gold @ $1339.00
Stocks which were UP 1% or more included NFLX
SPWR OCLR TWTR CNQ SU TECK FCX UA
SINA EBAY CHK TK AGU ULTA CMG X
M......
AH news : RH UP 35.57%, AMSC UP 12.05%
VRNT UP 5.83%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE enjoyed a positive close near high of the day, some movement on debt ceiling caused optimism. Oil was also positive on weather situation. There was selective movement in many stocks and sectors. There is still good stocks languishing around support. Keep a diversified portfolio to take advantage of rotation.
BLOG does NOT give buy or sell.
Saleem
Indices UP .29% to .33%....NICE !!!!
Indices are UP and @ high of the day on movement in debt ceiling. Oil is higher. Fed minutes saying economy expanded @ modest rate and showing concern for auto industry.
S&P 500 @ 2466.19, high 2467.47, low 2459.20
Internals are positive
Oil UP 54 cents
Gold Down $6.00
Canadian $ UP 1.51 cent @ .7781....Central Bank raised interest rate by another .25% today, Canadian economy is improving much faster than projected.
VIX Down 4.66% @ 11.66
In my portfolio Bought AMD @ $12.77
Portfolio AMD CTRP MOMO NVDA NFLX
Most stocks are UP
@ 2.09 following are red :
MOMO BABA TSLA MCHP SNAP LULU GG ABX KGC
SBUX LEN EXPE MRVL LNG CSOD MCD CRUS
AEM......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2466.19, high 2467.47, low 2459.20
Internals are positive
Oil UP 54 cents
Gold Down $6.00
Canadian $ UP 1.51 cent @ .7781....Central Bank raised interest rate by another .25% today, Canadian economy is improving much faster than projected.
VIX Down 4.66% @ 11.66
In my portfolio Bought AMD @ $12.77
Portfolio AMD CTRP MOMO NVDA NFLX
Most stocks are UP
@ 2.09 following are red :
MOMO BABA TSLA MCHP SNAP LULU GG ABX KGC
SBUX LEN EXPE MRVL LNG CSOD MCD CRUS
AEM......
BLOG does NOT give buy or sell.
Saleem
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