Indices are sharply lower again and came pretty close to lows of this pullback.Bond yield rising is the culprit of this pullback.
S&P 500 @ 2635.15, low 2616.11, high 2685.27
Internals are negative by 4 to 1
Oil Down 54 cents
Gold UP $6.60
Canadian $ Down 15 tick @ .7418
VIX UP 10.64% @ 30.68
Portfolio CTRP FSLR NTES SQ
Most stocks are down
@ 2.33 following are green :
TRIL TWTR SBUX KGC QRVO VECO TK FEYE
CIEN OSTK CNX......
BLOG does NOT give buy or sell.
Saleem
Thursday, February 8, 2018
Wednesday, February 7, 2018
Indices closed down .08% to .90%......
Indices closed down.
S&P 500 @ 2681.66, low 2681.32, high 2727.67
RSI @ 37.48
CMF @ 0.070
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.09 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 23 in NYSE & 26 in Nasdaq
VIX Down 7.51% @ 27.73
Oil @ $61.79
Gold @ $1314.60
AH news...YELP Down 7.86%, NTES Down 7.12%
YUMC Down 4.4%
NTES earning report was a beat in Sales expectations $2.20 billion, actual $2.25 billion and EPS expectations was $2.11, actual $2.18.... beat by 7 cents, but AH action was negative 7.12%???
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continued gyration whole day, open lower, UP during day and then closing @ low of the day, not a good sign for immediate action. This TAPE has the feel that it wants to test support again. Internals were mixed. US treasury uptick in rates caused slump @ close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2681.66, low 2681.32, high 2727.67
RSI @ 37.48
CMF @ 0.070
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.09 to 1 in NYSE & 1.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 23 in NYSE & 26 in Nasdaq
VIX Down 7.51% @ 27.73
Oil @ $61.79
Gold @ $1314.60
AH news...YELP Down 7.86%, NTES Down 7.12%
YUMC Down 4.4%
NTES earning report was a beat in Sales expectations $2.20 billion, actual $2.25 billion and EPS expectations was $2.11, actual $2.18.... beat by 7 cents, but AH action was negative 7.12%???
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continued gyration whole day, open lower, UP during day and then closing @ low of the day, not a good sign for immediate action. This TAPE has the feel that it wants to test support again. Internals were mixed. US treasury uptick in rates caused slump @ close.
BLOG does NOT give buy or sell.
Saleem
Indices mixed......
Indices are mixed on bond yields moving higher. Oil is down sharply.
S&P 500 @ 2698.59, high 2727.67, low 2684.43
Internals are mostly positive only Nasdaq down volume is higher.
Oil Down $2.03
Gold Down $13.60
Canadian $ Down 71 tick @ .7438
VIX Down 17.85% @ 24.63
Portfolio CTRP FSLR NTES SQ
Most stocks are down.
@ 2.17 following are green :
SHOP NVDA TSLA ROKU SNAP LULU TWTR UA
LEN EXPE FFIV PCLN TK YELP WYNN OSTK
KORS TNA NKE M.....
AH NTES reports, here is what is expected :
Sales $2.20 Billion, EPS $2.11
Next Q guidance Sales $2.19 Billion, EPS $3.33
Expecting a beat !
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2698.59, high 2727.67, low 2684.43
Internals are mostly positive only Nasdaq down volume is higher.
Oil Down $2.03
Gold Down $13.60
Canadian $ Down 71 tick @ .7438
VIX Down 17.85% @ 24.63
Portfolio CTRP FSLR NTES SQ
Most stocks are down.
@ 2.17 following are green :
SHOP NVDA TSLA ROKU SNAP LULU TWTR UA
LEN EXPE FFIV PCLN TK YELP WYNN OSTK
KORS TNA NKE M.....
AH NTES reports, here is what is expected :
Sales $2.20 Billion, EPS $2.11
Next Q guidance Sales $2.19 Billion, EPS $3.33
Expecting a beat !
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 6, 2018
Indices closed UP 1.74% to 2.33%....NICE !!!!
Indices closed UP.
S&P 500 2695.14, high 2701.04, low 2593.07
RSI @ 39.09
CMF @ 0.110
Internals were :
UP volume led by 4.05 to 1 in NYSE & 3.49 to 1 in Nasdaq
Advancing stocks led by 2.51 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk lows were leading by 473 in NYSE & 204 in Nasdaq
Oil @ $63.39
Gold @ $1329.50
Stocks which were UP 2% or more included CTRP
SHOP NVDA LRCX ROKU TRIL AAPL NFLX
GE FB OLED MU VRX BAC TECK GOOG
AMZN FCX LVS WYNN V MA LEN QRVO
MSFT FFIV X ALDR FNSR RIG FEYE
BABA CIEN GS TRIP MGA ORCL MS
OSTK ULTA SWKS KORS TNA KBH
M.....
AH news...SNAP UP 21.41%, AKAM 8.36%
MCHP Down 5.08%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE opening was extremely volatile, Dow had a swing of 1100 points from low to high of the day and closed UP 567 points. Overbought conditions and rising bond yield caused this extremely sharp pullback, how sharp you ask, Dow tumbled 2821.26 points or 10.61% pullback in exact 7 trading days, majority of those losses in last 3 trading days. Everybody had to deal with this VIX driven sharp selloff, my strategy going into selloff was to book all gains i had and shift into lower RSI, it worked OK except for LRCX which was high RSI when i picked and paid for it by suffering about 26 point loss and selling it. Other 2 sale was to keep stronger stocks instead of not so strong. Hopefully everyone learned that selling strategy is as important as buying strategy. Extreme Volatility may be over but sloppy TAPE may continue for a while.
BLOG does NOT give buy or sell.
Saleem
S&P 500 2695.14, high 2701.04, low 2593.07
RSI @ 39.09
CMF @ 0.110
Internals were :
UP volume led by 4.05 to 1 in NYSE & 3.49 to 1 in Nasdaq
Advancing stocks led by 2.51 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk lows were leading by 473 in NYSE & 204 in Nasdaq
Oil @ $63.39
Gold @ $1329.50
Stocks which were UP 2% or more included CTRP
SHOP NVDA LRCX ROKU TRIL AAPL NFLX
GE FB OLED MU VRX BAC TECK GOOG
AMZN FCX LVS WYNN V MA LEN QRVO
MSFT FFIV X ALDR FNSR RIG FEYE
BABA CIEN GS TRIP MGA ORCL MS
OSTK ULTA SWKS KORS TNA KBH
M.....
AH news...SNAP UP 21.41%, AKAM 8.36%
MCHP Down 5.08%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE opening was extremely volatile, Dow had a swing of 1100 points from low to high of the day and closed UP 567 points. Overbought conditions and rising bond yield caused this extremely sharp pullback, how sharp you ask, Dow tumbled 2821.26 points or 10.61% pullback in exact 7 trading days, majority of those losses in last 3 trading days. Everybody had to deal with this VIX driven sharp selloff, my strategy going into selloff was to book all gains i had and shift into lower RSI, it worked OK except for LRCX which was high RSI when i picked and paid for it by suffering about 26 point loss and selling it. Other 2 sale was to keep stronger stocks instead of not so strong. Hopefully everyone learned that selling strategy is as important as buying strategy. Extreme Volatility may be over but sloppy TAPE may continue for a while.
BLOG does NOT give buy or sell.
Saleem
Indices down .03% to .55%......
Indices started the day sharply lower @ open and went green, now flattish.
S&P 500 @ 2633.69, low 2593.07, high 2682.10
Internals are mixed
Oil Down 61 cents
Gold Down $6.80
Canadian $ UP 6 tick @ .7469
VIX UP .51% @ 37.51..high today 50.30
In my portfolio:
Sold MRVL @ $21.36
MOMO @ $27.71
Portfolio CTRP FSLR NTES SQ
Most stocks are UP
@ 2.12 following are red :
NTES FSLR WB BIDU MOMO TSLA BZUN AMD JD
TWTR CNQ GG GOOG ABX KGC JKS SINA CSIQ
DNKN YUM VECO TWLO LNG YELP SPWR FB
SPLK WYNN MLNX MCD AEM CRUS TNA
IBM CNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2633.69, low 2593.07, high 2682.10
Internals are mixed
Oil Down 61 cents
Gold Down $6.80
Canadian $ UP 6 tick @ .7469
VIX UP .51% @ 37.51..high today 50.30
In my portfolio:
Sold MRVL @ $21.36
MOMO @ $27.71
Portfolio CTRP FSLR NTES SQ
Most stocks are UP
@ 2.12 following are red :
NTES FSLR WB BIDU MOMO TSLA BZUN AMD JD
TWTR CNQ GG GOOG ABX KGC JKS SINA CSIQ
DNKN YUM VECO TWLO LNG YELP SPWR FB
SPLK WYNN MLNX MCD AEM CRUS TNA
IBM CNX......
BLOG does NOT give buy or sell.
Saleem
Monday, February 5, 2018
Indices closed down 3.78% to 4.60%.......
Indices closed down.
S&P 500 @ 2648.94, low 2638.17, high 2763.39
RSI @ 29.40
CMF @ 0.077
Internals were :
Down volume led by 30.30 to 1 in NYSE & 5.73 to 1 in Nasdaq
Declining stocks led by 8.66 to 1 in NYSE & 6.92 to 1 in Nasdaq
Net new 52 wk lows were leading by 463 in NYSE & 182 in Nasdaq
VIX UP 115.60% @ 37.32....high 38.80
Oil @ $64.15
Gold @ $1336.50
AH news...LULU Down 3.1%, CRUS Down 10.67%
AH futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is in a frenzied freefall artfully managed by high frequency machines, looks like another day of blood bath coming on Tuesday. 50 DMA was taken out easily today, we could be looking @ 200 DMA as potential support now. VIX saw its biggest jump ever, 60 is VIX all time high back in 2008 / 2009 slump, who knows we may take that one out before it is over, mini support is in 45 area for VIX. RSI of 29.52 in Dow and 33.83 in Nasdaq could have been taken as deeply oversold, but in a HFT driven environment it may not matter. How to deal with current TAPE is a matter of your own strategy and comfort level, we all are different and have to interpret and act according to our own take of this slump.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2648.94, low 2638.17, high 2763.39
RSI @ 29.40
CMF @ 0.077
Internals were :
Down volume led by 30.30 to 1 in NYSE & 5.73 to 1 in Nasdaq
Declining stocks led by 8.66 to 1 in NYSE & 6.92 to 1 in Nasdaq
Net new 52 wk lows were leading by 463 in NYSE & 182 in Nasdaq
VIX UP 115.60% @ 37.32....high 38.80
Oil @ $64.15
Gold @ $1336.50
AH news...LULU Down 3.1%, CRUS Down 10.67%
AH futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is in a frenzied freefall artfully managed by high frequency machines, looks like another day of blood bath coming on Tuesday. 50 DMA was taken out easily today, we could be looking @ 200 DMA as potential support now. VIX saw its biggest jump ever, 60 is VIX all time high back in 2008 / 2009 slump, who knows we may take that one out before it is over, mini support is in 45 area for VIX. RSI of 29.52 in Dow and 33.83 in Nasdaq could have been taken as deeply oversold, but in a HFT driven environment it may not matter. How to deal with current TAPE is a matter of your own strategy and comfort level, we all are different and have to interpret and act according to our own take of this slump.
BLOG does NOT give buy or sell.
Saleem
Indices down .82% to 1.46%......
Indices are pulling back again despite Interest rates are slightly lower.
S&P 500 @ 2722.79, low 2716.73, high 2763.39
Internals are negative from 2 to 1 to 4 to 1
Oil Down $1.50
Gold UP 20 cents
Canadian $ Down 87 tick @ .7489
VIX UP 29.69% @ 22.45...high today 22.88...highest level in a year....getting close to 5 year high...
Portfolio CTRP FSLR MRVL MOMO NTES SQ
Most stocks are down
@ 2.16 following are green :
CTRP NTES ROKU AAPL BZUN SNAP LULU
TECK AMZN CSIQ EXPE PCLN GPRO YELP
WYNN TRIP SPLK ULTA KBH X PANW
CNX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2722.79, low 2716.73, high 2763.39
Internals are negative from 2 to 1 to 4 to 1
Oil Down $1.50
Gold UP 20 cents
Canadian $ Down 87 tick @ .7489
VIX UP 29.69% @ 22.45...high today 22.88...highest level in a year....getting close to 5 year high...
Portfolio CTRP FSLR MRVL MOMO NTES SQ
Most stocks are down
@ 2.16 following are green :
CTRP NTES ROKU AAPL BZUN SNAP LULU
TECK AMZN CSIQ EXPE PCLN GPRO YELP
WYNN TRIP SPLK ULTA KBH X PANW
CNX......
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)