Indices are tumbling again on fear of recession & escalating protest in Hong Kong. Indices are @ low of the day.
S&P 500 @ 2887.29, low 2885.99, high 2907.58
Internals are negative by 3 to 1
Oil UP 32 cents
Gold UP $9.20
Canadian $ Down 14 tick @ .6760
VIX UP 11.80% @ 20.09
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are down
@ 2.24 PM following are green ;
BZUN AEM GLD LRCX WB ROKU VICR
NFLX QRVO ALDR SINA OSTK .....
BLOG does NOT give buy or sell.
Saleem
Monday, August 12, 2019
Sunday, August 11, 2019
What else could go wrong in markets ?
Markets tumbled badly last week and saw " extreme volatility "
VIX enjoyed the panic and shot up to 25 area....
GLD loving the panic and wants to go higher....
Oil tanking like no tomorrow....
Chinese Yuan....playing with lucky 7 UP & DOWN...
Semiconductor stocks got hit with " NO HUAWEI "
OH...the trade talk with China & USA....might as well cancel till US election results...as it is becoming the biggest strategy for both US & CHINA...stall and wait it out till election and then get a better deal......
OH....North Korea keep firing those missiles to provoke or prop for a better and improved US concession......who knows....
And Iran..got its own strategy in Persian Gulf....
Britain...got its own troubles and Pound sinking in Atlantic.....
Finally Hong Kong......will it or wont it.......
OH about market.....yes there is a stock market worldwide and they really do not have a clue why the world is fallen apart all of a sudden......
Only SOX is above 50 DMA in all its turmoil....
GLD is 5 deviation above 50 DMA....
RSI is loving 40 in all indices.....
XLE RSI is sinking in mid 30's
GLD RSI is 70 and counting...
I think this is a market, you need to be in stocks with improving fundamentals and stronger technicals...
AMD is 13 year sky high......
CMG......keeps going UP......
BUT loved stocks like MU...keeps sinking.....HUAWEI gets the credit
SO....be brave and be in market with a diversified portfolio, sooner than later we may ignore all game playing by HFT & Governments and will keep going higher.....
WHO says market does not like " uncertainty "
BLOG does NOT give buy or sell.
Saleem
VIX enjoyed the panic and shot up to 25 area....
GLD loving the panic and wants to go higher....
Oil tanking like no tomorrow....
Chinese Yuan....playing with lucky 7 UP & DOWN...
Semiconductor stocks got hit with " NO HUAWEI "
OH...the trade talk with China & USA....might as well cancel till US election results...as it is becoming the biggest strategy for both US & CHINA...stall and wait it out till election and then get a better deal......
OH....North Korea keep firing those missiles to provoke or prop for a better and improved US concession......who knows....
And Iran..got its own strategy in Persian Gulf....
Britain...got its own troubles and Pound sinking in Atlantic.....
Finally Hong Kong......will it or wont it.......
OH about market.....yes there is a stock market worldwide and they really do not have a clue why the world is fallen apart all of a sudden......
Only SOX is above 50 DMA in all its turmoil....
GLD is 5 deviation above 50 DMA....
RSI is loving 40 in all indices.....
XLE RSI is sinking in mid 30's
GLD RSI is 70 and counting...
I think this is a market, you need to be in stocks with improving fundamentals and stronger technicals...
AMD is 13 year sky high......
CMG......keeps going UP......
BUT loved stocks like MU...keeps sinking.....HUAWEI gets the credit
SO....be brave and be in market with a diversified portfolio, sooner than later we may ignore all game playing by HFT & Governments and will keep going higher.....
WHO says market does not like " uncertainty "
BLOG does NOT give buy or sell.
Saleem
Friday, August 9, 2019
Indices closed down .34% to 1.00%.....
Indices closed down. President Trump's tweet brought the market down in a hurry that he is not ready to make a deal with China on trade. Close was near mid point of trading.
S&P 500 @ 2918.65, low 2900.15, high 2935.75
RSI @ 44.73
CMF @ 0.138
Internals were :
Down volume led by 3.60 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 1.99 to 1 in NYSE & 2.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & lows by 80 in Nasdaq
VIX UP 6.27% @ 17.97
Oil @ $54.50
Gold @ $1508.50
Canadian $ @ .6769
Stocks which closed green included AMD BZUN
MOMO SHOP ROKU SPLK CGC PRNB MS
PANW YELP OSTK MCD CMG ....
In my portfolio ...added 250% CRON @ $13.80
Here is my portfolio weighting :
FB 24.60%
TSLA 24.60%
AMD 23.30%
CIEN 17.10%
BZUN 6.90%
CRON 3.50%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2918.65, low 2900.15, high 2935.75
RSI @ 44.73
CMF @ 0.138
Internals were :
Down volume led by 3.60 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 1.99 to 1 in NYSE & 2.07 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & lows by 80 in Nasdaq
VIX UP 6.27% @ 17.97
Oil @ $54.50
Gold @ $1508.50
Canadian $ @ .6769
Stocks which closed green included AMD BZUN
MOMO SHOP ROKU SPLK CGC PRNB MS
PANW YELP OSTK MCD CMG ....
In my portfolio ...added 250% CRON @ $13.80
Here is my portfolio weighting :
FB 24.60%
TSLA 24.60%
AMD 23.30%
CIEN 17.10%
BZUN 6.90%
CRON 3.50%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 8, 2019
Indices closed UP 1.43% to 2.24%....NICE !!!!
Indices closed UP.
S&P 500 @ 2938.09, high 2938.72, low 2894.47
RSI @ 47.62
CMF @ 0.168
Internals were :
UP volume led by 6.71 to 1 in NYSE & 3.78 to 1 in Nasdaq
Advancing stocks led by 4.46 to 1 in NYSE & 2.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 136 in NYSE & lows by 2 in Nasdaq
VIX Down 13.24% @ 16.91
Oil @ $52.54
Gold @ $1509.50
Stocks which were UP 3% or more included AMD BZUN CIEN
IQ MOMO LYFT SHOP ROKU SPLK VICR TLRY JKS CHK
TK TRIP MA XLNX X CNX......
AH news....YELP UP 5.75%, FSLY Down 21.75%
AMRN Down 23.53%, TRUE Down 21.16.%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong @ close by closing @ highest point, confirmed positive action 3 days in a row for S&P 500 and Nasdaq and 2 out of 3 for DOW. S&P 500 & Nasdaq closed above 50 DMA, DOW below 50 DMA. Internals were mostly strong. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2938.09, high 2938.72, low 2894.47
RSI @ 47.62
CMF @ 0.168
Internals were :
UP volume led by 6.71 to 1 in NYSE & 3.78 to 1 in Nasdaq
Advancing stocks led by 4.46 to 1 in NYSE & 2.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 136 in NYSE & lows by 2 in Nasdaq
VIX Down 13.24% @ 16.91
Oil @ $52.54
Gold @ $1509.50
Stocks which were UP 3% or more included AMD BZUN CIEN
IQ MOMO LYFT SHOP ROKU SPLK VICR TLRY JKS CHK
TK TRIP MA XLNX X CNX......
AH news....YELP UP 5.75%, FSLY Down 21.75%
AMRN Down 23.53%, TRUE Down 21.16.%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong @ close by closing @ highest point, confirmed positive action 3 days in a row for S&P 500 and Nasdaq and 2 out of 3 for DOW. S&P 500 & Nasdaq closed above 50 DMA, DOW below 50 DMA. Internals were mostly strong. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.25% to 1.91%....NICE !!!!
Indices are higher on higher Yuan and lower bond yield, Chinese export numbers were much better than expected. Indices are @ high of the day.
S&P 500 @ 2930.86, high 2933.45, low 2894.47
Internals are positive by minimum 4 to 1
Oil UP $1.45
Gold Down $7.40
Canadian $ UP 67 tick @ .6767
VIX Down 10.01% @ 17.54
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are UP
@ 1.59 PM, following are red :
CRON BIDU NEM MTCH RIG SPWR....
TD webbroker is down, so unable to access my watch list of 100
stocks....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2930.86, high 2933.45, low 2894.47
Internals are positive by minimum 4 to 1
Oil UP $1.45
Gold Down $7.40
Canadian $ UP 67 tick @ .6767
VIX Down 10.01% @ 17.54
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are UP
@ 1.59 PM, following are red :
CRON BIDU NEM MTCH RIG SPWR....
TD webbroker is down, so unable to access my watch list of 100
stocks....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 7, 2019
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2883.98, high 2892.17, low 2825.71
RSI @ 37.10
CMF @ 0.153
Internals were :
Down volume led by 1.02 to 1 in NYSE & .63 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & lows by 134 in Nasdaq
VIX Down 3.37% @ 19.49
Oil @ $51.09
Gold @ $1519.60
AH news....AMD UP 4.01%, ROKU UP 12.39%
STMP UP 12.39%, ANGI Down 23.73%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was subjected to extreme down ward pressure @ open by High Frequency Traders resulting in DOW being down almost 600 points. DOW was the only loser today. Technically we have a confirmed back to back gain in S&P 500 & Nasdaq. Hopefully DOW will participate on Thursday with a green close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2883.98, high 2892.17, low 2825.71
RSI @ 37.10
CMF @ 0.153
Internals were :
Down volume led by 1.02 to 1 in NYSE & .63 to 1 in Nasdaq
Declining stocks led by 1.04 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 4 in NYSE & lows by 134 in Nasdaq
VIX Down 3.37% @ 19.49
Oil @ $51.09
Gold @ $1519.60
AH news....AMD UP 4.01%, ROKU UP 12.39%
STMP UP 12.39%, ANGI Down 23.73%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was subjected to extreme down ward pressure @ open by High Frequency Traders resulting in DOW being down almost 600 points. DOW was the only loser today. Technically we have a confirmed back to back gain in S&P 500 & Nasdaq. Hopefully DOW will participate on Thursday with a green close.
BLOG does NOT give buy or sell.
Saleem
Indices down .06% to .52%.......
Indices are down but near best level of the day. Interest rates jitters are forcing many countries to lower Central bank rates to prop up slowing economy thanks to ongoing trade ward on multiple fronts.
S&P 500 @ 2874.47, low 2825.71, high 2879.82
Internals are negative
Oil Down $2.59
Gold UP $35.00
Canadian $ Down 40 tick @ .6782
VIX UP .05% @ 20.18
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are down
@ 2.35 PM following are green :
AMD CRON FB TSLA TWTR HUYA SQ
MOMO NVDA LYFT NEM AEM GLD
UBER SHOP UAL MTCH NIU PHM
ROKU VICR FSLR CSIQ JKS OLED
QRVO ALDR SPWR MA MGA
MCD ULTA SWKS KBH V....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2874.47, low 2825.71, high 2879.82
Internals are negative
Oil Down $2.59
Gold UP $35.00
Canadian $ Down 40 tick @ .6782
VIX UP .05% @ 20.18
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are down
@ 2.35 PM following are green :
AMD CRON FB TSLA TWTR HUYA SQ
MOMO NVDA LYFT NEM AEM GLD
UBER SHOP UAL MTCH NIU PHM
ROKU VICR FSLR CSIQ JKS OLED
QRVO ALDR SPWR MA MGA
MCD ULTA SWKS KBH V....
BLOG does NOT give buy or sell.
Saleem
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