TAPE is not sure what to do about economic data from Italy & Germany. S&P 500 made a lower low but Dow & Nasdaq still above recent lows.
S&P 500 @ 1921.11, low 1911.45, high 1927.91...S&P 500 has lost 4.53% @ its low today....
Internals are positive
Oil Down 47 cents
Gold UP $24.10
Canadian $ UP 40 tick @ 90.82 on better trade data on highest surplus in 2.5 yrs to $1.9 Billion
VIX Down 3.26% @ 16.32
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.19 following are red :
RAD MU GTAT WUBA YELP TWTR LNKD
AAPL GRPN COH LVS LEN JKS SU
SPWR YNDX HIMX JCP PANW
SPLK X DATA CSOD MGA
WLT TRLA Z WYNN
AGU MLNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 6, 2014
Tuesday, August 5, 2014
Indices closed down .71% to .97%....
Indices were under intense selling pressure but closed above lows of the day.
S&P 500 @ 1920.21, low 1913.77, high 1936.34
RSI @ 35.71
CMF @ 0.052
Internals were :
Down volume led by 4.03 to 1 in NYSE & 1.89 to 1 in Nasdaq
Declining stocks led by 2.55 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk lows were leading by 48 in NYSE & 45 in Nasdaq
VIX UP 11.57% @ 16.87
Oil @ $97.38
Gold @ $1285.30
AH ER... FEYE Down 1.87%, Z Down 2.17%
FSLR Down 4.9%, GRPN Down 16.82%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was extremely weak but recovered somewhat by close. Tonight IBD is changing its market outlook to "market in correction". Internals were extremely weak & negative all over. There is too much uncertainty all over which covers Fed future move in upping interest rates & resolution of many international hot spot. Caution is highly recommended, it is a good environment for preserving capital.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1920.21, low 1913.77, high 1936.34
RSI @ 35.71
CMF @ 0.052
Internals were :
Down volume led by 4.03 to 1 in NYSE & 1.89 to 1 in Nasdaq
Declining stocks led by 2.55 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk lows were leading by 48 in NYSE & 45 in Nasdaq
VIX UP 11.57% @ 16.87
Oil @ $97.38
Gold @ $1285.30
AH ER... FEYE Down 1.87%, Z Down 2.17%
FSLR Down 4.9%, GRPN Down 16.82%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was extremely weak but recovered somewhat by close. Tonight IBD is changing its market outlook to "market in correction". Internals were extremely weak & negative all over. There is too much uncertainty all over which covers Fed future move in upping interest rates & resolution of many international hot spot. Caution is highly recommended, it is a good environment for preserving capital.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.13% to 1.30%....
Indices are taking on the chin on weak Chinese data & stronger data in US, interest rate hike in US is the latest worry plus Ukraine is back in the news. Dow is the weakest followed by S&P 500 who made lower lows but Nasdaq is above previous low.
S&P 500 @ 1914.77, low 1913.77, high 1936.34
Internals are negative by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down $1.12
Gold UP $2.70 cents
Canadian $ Down 58 tick @ 90.37...new low against US$ in months.
VIX UP 12.17% @ 16.96
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are down
@ 2.05 following are green :
EGO GTAT TWTR KORS COH RVBD JKS TSL CSIQ
FFIV ONVO INVN HIMX LSCC X AEM WLT
AGU.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1914.77, low 1913.77, high 1936.34
Internals are negative by 3 to 1 in NYSE & 2 to 1 in Nasdaq
Oil Down $1.12
Gold UP $2.70 cents
Canadian $ Down 58 tick @ 90.37...new low against US$ in months.
VIX UP 12.17% @ 16.96
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are down
@ 2.05 following are green :
EGO GTAT TWTR KORS COH RVBD JKS TSL CSIQ
FFIV ONVO INVN HIMX LSCC X AEM WLT
AGU.....
BLOG does NOT give buy or sell.
Saleem
Monday, August 4, 2014
Indices closed UP .46% to .72%.....NICE !!!!
Indices closed UP after some hesitation.
S&P 500 @ 1938.99, high 1942.92, low 1921.20
RSI @ 41.18
CMF @ 0.050
Internals were :
UP volume led by 2.56 to 1 in NYSE & 2.27 to 1 in Nasdaq
Advancing stocks led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk lows were leading by 43 in NYSE & 58 in Nasdaq
VIX Down 11.22% @ 15.12
Oil @ $98.29
Gold @ $1287.70
Stocks which were UP 1% or more included FB MU SWIR
QIHU GTAT WUBA YY YELP YHOO BIDU TSLA
PCLN GOOGL GRPN OWW COH LVS KOG
CSIQ AMZN SINA CMG SU EBAY FSLR
INVN HIMX SNDK PANW M SPLK
X STLD CCJ DATA CSOD MGA
WLT Z WYNN AGU.....
AH ER ...GTAT UP 11.26%, SALE Down 20.75%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE staged an oversold bounce on low volume. TAPE may remain erratic & we have to watch for direction. Nasdaq is well above 50 DMA which may be telling us that there is strength in some techs, overall direction for other stocks may be challenged. This remains a trading market & profit may be difficult to keep unless you book it quickly.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1938.99, high 1942.92, low 1921.20
RSI @ 41.18
CMF @ 0.050
Internals were :
UP volume led by 2.56 to 1 in NYSE & 2.27 to 1 in Nasdaq
Advancing stocks led by 1.60 to 1 in NYSE & 1.70 to 1 in Nasdaq
Net new 52 wk lows were leading by 43 in NYSE & 58 in Nasdaq
VIX Down 11.22% @ 15.12
Oil @ $98.29
Gold @ $1287.70
Stocks which were UP 1% or more included FB MU SWIR
QIHU GTAT WUBA YY YELP YHOO BIDU TSLA
PCLN GOOGL GRPN OWW COH LVS KOG
CSIQ AMZN SINA CMG SU EBAY FSLR
INVN HIMX SNDK PANW M SPLK
X STLD CCJ DATA CSOD MGA
WLT Z WYNN AGU.....
AH ER ...GTAT UP 11.26%, SALE Down 20.75%
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE staged an oversold bounce on low volume. TAPE may remain erratic & we have to watch for direction. Nasdaq is well above 50 DMA which may be telling us that there is strength in some techs, overall direction for other stocks may be challenged. This remains a trading market & profit may be difficult to keep unless you book it quickly.
BLOG does NOT give buy or sell.
Saleem
Indices UP .32% to .62%...NICE !!!!
Indices are UP & @ high of the day after selling abated.
S&P 500 @ 1936.73, low 1921.20
Internals are positive
Oil UP 41 cents
Gold Down $5.60
Canadian $ UP 7 tick @ 90.93
VIX Down 9.98% @ 15.33
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.39 following are red :
EGO RAD GTAT KORS AAPL AG JKS SPWR
ARUN LRCX BRCM AMCC CIEN JCP
NFLX GMCR MCD AEM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1936.73, low 1921.20
Internals are positive
Oil UP 41 cents
Gold Down $5.60
Canadian $ UP 7 tick @ 90.93
VIX Down 9.98% @ 15.33
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are UP
@ 2.39 following are red :
EGO RAD GTAT KORS AAPL AG JKS SPWR
ARUN LRCX BRCM AMCC CIEN JCP
NFLX GMCR MCD AEM .....
BLOG does NOT give buy or sell.
Saleem
Sunday, August 3, 2014
After a brutal week, what next ?
Last week many issues troubled traders & TAPE lost its momentum & having trouble finding its footing.
There has been no movement in any conflict, so called captured Israeli soldier which prompted bombing to the stone age & tough talk / warning from White House, now is presumed dead in battle. Truth is the biggest casualty in any aggression.
Wall Street is facing many reason to stay in a neutral mode BUT RSI is giving me hope that worst is over, here is the RSI picture of all major indices / index :
Dow 30.06
Russell 33.24
S&P 500 34.29
SOX 37.26
Nasdaq 42.15
Whenever RSI is in 30 area it is considered "deeply oversold"...which is a good area to enter for a swing trade.
There is no all clear yet as most international conflicts are still brewing or simmering and may explode all over again, which in turn will impact stock market worldwide.
SO any gains must be booked & swing trading needs to be adopted until October, when sanity may return to world issues.
Russell 2000 RUT has been hit the hardest & SOX is showing sign of life where opportunities exists.
S&P 500 lost 3.77% in this slump.
US$ is strong....
Oil @ $97.42...$89.09 is 52 wk low & high is $106.64...energy stocks has been among the-best performer....
Gold is in its seasonal strength & may show life in this environment.
SO....we may have seen the lows in many indices / index and selective trading is highly encouraged. Quick money is made after every major sell off.
Please keep in mind what has performed well lately & has already reported good numbers, those are the stocks to be in....some names are FB, TWTR, INTC...to name a few.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
There has been no movement in any conflict, so called captured Israeli soldier which prompted bombing to the stone age & tough talk / warning from White House, now is presumed dead in battle. Truth is the biggest casualty in any aggression.
Wall Street is facing many reason to stay in a neutral mode BUT RSI is giving me hope that worst is over, here is the RSI picture of all major indices / index :
Dow 30.06
Russell 33.24
S&P 500 34.29
SOX 37.26
Nasdaq 42.15
Whenever RSI is in 30 area it is considered "deeply oversold"...which is a good area to enter for a swing trade.
There is no all clear yet as most international conflicts are still brewing or simmering and may explode all over again, which in turn will impact stock market worldwide.
SO any gains must be booked & swing trading needs to be adopted until October, when sanity may return to world issues.
Russell 2000 RUT has been hit the hardest & SOX is showing sign of life where opportunities exists.
S&P 500 lost 3.77% in this slump.
US$ is strong....
Oil @ $97.42...$89.09 is 52 wk low & high is $106.64...energy stocks has been among the-best performer....
Gold is in its seasonal strength & may show life in this environment.
SO....we may have seen the lows in many indices / index and selective trading is highly encouraged. Quick money is made after every major sell off.
Please keep in mind what has performed well lately & has already reported good numbers, those are the stocks to be in....some names are FB, TWTR, INTC...to name a few.
Good luck with your strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, August 1, 2014
Indices closed down .29% to .42%.....
All indices made lower lows but closed above low of the day. Nasdaq also below 50 DMA but only 11 points below. Reason for selloff...no catalyst, Gaza deal fell apart plus its Friday, which meant "ring the register"
S&P 500 @ 1925.15, low 1916.37, 1937.35.
RSI @ 34.29
CMF @ 0.004
Internals were :
Down volume led by 1.57 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 1.69 to 1 in NYSE & 1.77 to 1 in Nasdaq
Net new 52 wk lows were leading by 88 in NYSE & 107 in Nasdaq
VIX UP .47% @ 17.03 high 17.57
Oil @ $97.88
Gold @ $1293.60
Canadian $ @ 90.81
Stocks which closed UP 1% or more included EGO MU RAD SWIR GG EXPE LNKD TSLA OWW YUM MA
SNDK AMCC JCP AEM....
Here is my weighting :
LULU 25.20%
MU 21.92%
FB 17.01%
SWIR 16.99%
RAD 11.44%
EGO 7.44%
Exposure 182%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1925.15, low 1916.37, 1937.35.
RSI @ 34.29
CMF @ 0.004
Internals were :
Down volume led by 1.57 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 1.69 to 1 in NYSE & 1.77 to 1 in Nasdaq
Net new 52 wk lows were leading by 88 in NYSE & 107 in Nasdaq
VIX UP .47% @ 17.03 high 17.57
Oil @ $97.88
Gold @ $1293.60
Canadian $ @ 90.81
Stocks which closed UP 1% or more included EGO MU RAD SWIR GG EXPE LNKD TSLA OWW YUM MA
SNDK AMCC JCP AEM....
Here is my weighting :
LULU 25.20%
MU 21.92%
FB 17.01%
SWIR 16.99%
RAD 11.44%
EGO 7.44%
Exposure 182%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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