VIX our famous barometer of "fear", is crashing down. On Friday it closed @ 20.63, down 3.96% when markets were unchanged overall.
Is VIX telling us to be confident on the bullish side?
Indices & VIX are showing a very different TAPE than before......
All indices are above 50 & 200 DMA....
All indices are showing green CMF.....
Indices technical & fundamental picture are showing a marked improvement, before there was a big question mark IF Nasdaq can go above 200 DMA........
It is hard to argue with the technical picture of indices. It is telling us to go with the flow.....
VIX is also telling us, that fear has subsided. Market participant are not buying VIX as a hedge strategy. VIX plunge is telling us that market sentiment has substantially improved.
Now the question is, what kind of market are we entering in 2012 ?
2012 MAY project a different tone in market.
Markets goes through discounting process of any & all issues facing world economy.
MAYBE we have completed discounting process & MAY have a more normal market.
Normal markets may be defined by improving fundamentals in US economic picture.
China & India are trying to stabilize their economy & may face little more uncertainty in the short term.
Europe may be on the mend with most issues are known. Recession in Europe may be short lived.
I personally of the opinion, that worlds largest economy which is US will carry more weight going forward.
In a normal market, usual range of RSI will come into play. RSI @ 70 is a sell & 40 is a buy generally speaking, there are exceptions all the time, this applies to market & stocks.
S&P 500 closed @ 1277.81 with RSI @ 59.89
Next resistance is around 1300 area.......
It is important to factor CHANGES in market TONE.......
Here is my portfolio weighting as of Friday's close :
RIMM 25.58%
AMZN 22.33%
LVS 16.41%
M 14.60%
RVBD 11.83%
FIO 9.25%
Good luck with your OWN analysis of markets & individual stocks.
BLOG does NOT give buy or sell.
Saleem
Sunday, January 8, 2012
Friday, January 6, 2012
US excellent jobs data got hijacked by European issues......
US jobs data was way above consensus, 200K vs expectations of 150K.
But market was more fearful of what continues to be high bond yields in Europe.
By close only Nasdaq was in the green by 4.36 points.
Internals were mostly negative.
52 wk highs were in the lead again, 87 in NYSE & 36 in Nasdaq
Oil Down, closing @ $101.56
Gold Down, closing @ $1616.80
VIX plummeting by 3.86% @ 20.65
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Stocks which ended UP higher by 1% or more included AMZN,M,RIMM,
SNDK,COH,AAPL,LULU,
VMW,FFIV,CRM,APKT,JCP,
AMCC,CIEN, JDSU,FNSR,ARUN,
OCZ,STEC,MGA...
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
But market was more fearful of what continues to be high bond yields in Europe.
By close only Nasdaq was in the green by 4.36 points.
Internals were mostly negative.
52 wk highs were in the lead again, 87 in NYSE & 36 in Nasdaq
Oil Down, closing @ $101.56
Gold Down, closing @ $1616.80
VIX plummeting by 3.86% @ 20.65
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Stocks which ended UP higher by 1% or more included AMZN,M,RIMM,
SNDK,COH,AAPL,LULU,
VMW,FFIV,CRM,APKT,JCP,
AMCC,CIEN, JDSU,FNSR,ARUN,
OCZ,STEC,MGA...
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 5, 2012
Impressive close today.......NICE !!!!
Indices were under European pressure again today from open, but by close, we closed green in S&P 500 & Nasdaq.
S&P 500 closed @ 1281.06, RSI @ 61.17
Internals were positive
All indices are showing positive CMF
New 52 wk highs were in the lead, 88 in NYSE & 38 in Nasdaq
Oil closed @ $101.81
Gold closed @ $1620.10
VIX closed down 3.33% @ 21.48????
Stocks which closed UP 1% or higher included M,RVBD,
SNDK,PCLN,MOS,AAPL,LULU,BIDU,BWLD,CRM,
APKT,JDSU,CIEN,FNSR,CRUS,ARUN,OCZ,STEC....
AH news :
RFMD Down 15.78%
AA Down 1.71%
BAC Down 2.38%
AH Futures Down
AH Asian Markets Down
AH Gold UP
AH Oil Down
I am expecting Jobs report to "beat consensus" for the first time in many many months. IF that happens expect a "breakout" in indices.......with huge volume.
BLOG does NOT give buy or sell.
PS..post was delayed as i was listening to David Burrows on "market call tonight" a ONE HOUR phone in stock show on bnn.ca, he is the best trader / money manager. NO you wont find him on CNBC ????
Saleem
S&P 500 closed @ 1281.06, RSI @ 61.17
Internals were positive
All indices are showing positive CMF
New 52 wk highs were in the lead, 88 in NYSE & 38 in Nasdaq
Oil closed @ $101.81
Gold closed @ $1620.10
VIX closed down 3.33% @ 21.48????
Stocks which closed UP 1% or higher included M,RVBD,
SNDK,PCLN,MOS,AAPL,LULU,BIDU,BWLD,CRM,
APKT,JDSU,CIEN,FNSR,CRUS,ARUN,OCZ,STEC....
AH news :
RFMD Down 15.78%
AA Down 1.71%
BAC Down 2.38%
AH Futures Down
AH Asian Markets Down
AH Gold UP
AH Oil Down
I am expecting Jobs report to "beat consensus" for the first time in many many months. IF that happens expect a "breakout" in indices.......with huge volume.
BLOG does NOT give buy or sell.
PS..post was delayed as i was listening to David Burrows on "market call tonight" a ONE HOUR phone in stock show on bnn.ca, he is the best trader / money manager. NO you wont find him on CNBC ????
Saleem
Euro @ lowest level & US markets UP 3 day's in a row....NICE !!!!
Euro @ lowest level & below 1.28, but we are UP for third day.
I guess HFT has overplayed its Euro card?
European markets are down & we are UP, another HFT mantra broken?
Gold UP $10.30
Oil UP 13 cents
Canadian $ Down 42 tick @ 98.26, strange weakness?
VIX down 3.15% @ 21.52, it is crashing?
Internals are positive by almost 2 to 1.....
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
M @ new 52 wk high on high volume breakout, upped guidance for Q4 & 2012.....
Most stocks are UP
@ 2.20 following are RED :
FIO,LVS,CNQ,TCK,CLF,FCX,WYNN,
GOOG,MA,JCP,ECA,SNE,NYX.....
BLOG does NOT give buy or sell.
Saleem
I guess HFT has overplayed its Euro card?
European markets are down & we are UP, another HFT mantra broken?
Gold UP $10.30
Oil UP 13 cents
Canadian $ Down 42 tick @ 98.26, strange weakness?
VIX down 3.15% @ 21.52, it is crashing?
Internals are positive by almost 2 to 1.....
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
M @ new 52 wk high on high volume breakout, upped guidance for Q4 & 2012.....
Most stocks are UP
@ 2.20 following are RED :
FIO,LVS,CNQ,TCK,CLF,FCX,WYNN,
GOOG,MA,JCP,ECA,SNE,NYX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 4, 2012
Constructive close today....NICE !!!!
Indices fought their way back to near best level of the day @ close.
Dow & S&P 500 made back to back green close, a rarity in this Euro phobia market. Even today it was Spain yield which put scare in this market.
S&P 500 came closest to highest level @ close.
CMF is green in Dow & S&P 500 & barely red in Nasdaq, so money is flowing in.
RSI In Dow @ 61.95 & S&P 500 @ 60.26
VIX closed down 3.27% @ 22.22, good sign for stocks.
Oil closed @ $103.22
Gold closed @ $1612.70
Stocks which were UP 2% or more included FIO,RVBD,
COH,LULU,CMG,OCZ......
Thursday is unemployment claims & retail sales.
Consensus is 375,000 claims & gain of 3.3% in retail sales.
Friday is jobs report, consensus is 155,000 for overall headline number & 175,000 private sector job creation.
AH ER MOS was a beat stock UP .19%
AH futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 made back to back green close, a rarity in this Euro phobia market. Even today it was Spain yield which put scare in this market.
S&P 500 came closest to highest level @ close.
CMF is green in Dow & S&P 500 & barely red in Nasdaq, so money is flowing in.
RSI In Dow @ 61.95 & S&P 500 @ 60.26
VIX closed down 3.27% @ 22.22, good sign for stocks.
Oil closed @ $103.22
Gold closed @ $1612.70
Stocks which were UP 2% or more included FIO,RVBD,
COH,LULU,CMG,OCZ......
Thursday is unemployment claims & retail sales.
Consensus is 375,000 claims & gain of 3.3% in retail sales.
Friday is jobs report, consensus is 155,000 for overall headline number & 175,000 private sector job creation.
AH ER MOS was a beat stock UP .19%
AH futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
So far, Dow maintaining "golden cross"......NICE !!!!!
Dow is giving golden cross second day in a row, that happens when 50 DMA crosses 200 DMA. Golden cross normally predicts better time ahead for stocks & Markets.
Internals are slightly negative.
Gold UP $14.80
Oil Down 7 cents
Canadian $ Down 15 tick @ 98.75
VIX Down 2.22% @ 22.46, giving a bullish signal for stocks.
In my portfolio :
Added 50% RIMM @ $15.03
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Exposure 115%...RIMM is the biggest position in my portfolio @ 25.50% followed by AMZN @ 22.05%
Most stocks are down
@ 1.55 following are green :
FIO,RVBD,SNDK,TCK,LULU,CLF,COH,
CMG,AAPL,AGU,SU,GOOG,BWLD,
ULTA,ABX.....
BLOG does NOT give buy or sell.
Saleem
Internals are slightly negative.
Gold UP $14.80
Oil Down 7 cents
Canadian $ Down 15 tick @ 98.75
VIX Down 2.22% @ 22.46, giving a bullish signal for stocks.
In my portfolio :
Added 50% RIMM @ $15.03
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Exposure 115%...RIMM is the biggest position in my portfolio @ 25.50% followed by AMZN @ 22.05%
Most stocks are down
@ 1.55 following are green :
FIO,RVBD,SNDK,TCK,LULU,CLF,COH,
CMG,AAPL,AGU,SU,GOOG,BWLD,
ULTA,ABX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 3, 2012
Indices closed UP 1.47% to 1.71% on upbeat economic data.....NICE !!!!
Indices were UP nicely on better than expected data worldwide.
Internals were as follows :
UP volume led by 4.03 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 3.36 to 1 in NYSE & 2.85 to 1 in Nasdaq
New 52 wk high were in the lead, 180 in NYSE & 70 in Nasdaq
VIX down 1.84% @ 22.97
S&P 500 closed @ 1277.06, RSI 60.20
Oil closed @ $102.96
Gold closed @ $1600.50
AH news :
APKT down 17.79% in AH volume of 1,037,409....warning on Q4 Sales & EPS
TIVO UP 14% on $215 million patent settlement from AT&T
Stocks which were UP 3% or more included AMZN,FIO,LVS,RVBD,RIMM,
AUY,CLF,PCLN,FCX,MOS,CNQ,
SU,MPEL,BIDU,SLW,GOOG,TCK,
TLM,MS,JDSU,C,BAC......
About market TAPE, it was NOT as robust as it could have been. We did not close near high of the day either. How we close on Wednesday will be a tell tale about strength of this market. A confirmation green close on Wednesday will be very healthy.
AH Futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals were as follows :
UP volume led by 4.03 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 3.36 to 1 in NYSE & 2.85 to 1 in Nasdaq
New 52 wk high were in the lead, 180 in NYSE & 70 in Nasdaq
VIX down 1.84% @ 22.97
S&P 500 closed @ 1277.06, RSI 60.20
Oil closed @ $102.96
Gold closed @ $1600.50
AH news :
APKT down 17.79% in AH volume of 1,037,409....warning on Q4 Sales & EPS
TIVO UP 14% on $215 million patent settlement from AT&T
Stocks which were UP 3% or more included AMZN,FIO,LVS,RVBD,RIMM,
AUY,CLF,PCLN,FCX,MOS,CNQ,
SU,MPEL,BIDU,SLW,GOOG,TCK,
TLM,MS,JDSU,C,BAC......
About market TAPE, it was NOT as robust as it could have been. We did not close near high of the day either. How we close on Wednesday will be a tell tale about strength of this market. A confirmation green close on Wednesday will be very healthy.
AH Futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
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