TAPE came into selling pressure @ open but recovered nicely to close @ absolute high of the day except Nasdaq which missed it by 10 tick. Jobs report of 142K in US had no credibility & will be revised UP. In Canada we lost 11K vs expectations of 6K growth.
S&P 500 @ 2007.71, low 1990.10
RSI @ 66.37
CMF @ 0.342..@ highest level since mid July....
Internals were :
UP volume led by 1.79 to 1 in NYSE & 1.71 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & 1.21 to 1 in Nasdaq
Net new 52 wk highs were leading by 56 in NYSE & 14 in Nasdaq
VIX Down 4.35% @ 12.09
Oil @ $93.29
Gold @ $1267.30
Canadian $ @ 91.10
Stocks which were UP 1% or more included EGO FB MU RAD
TSL JKS CSIQ SPWR GTAT SWIR YELP YHOO BIDU
WUBA RVBD COH DNKN INVN YNDX HIMX
ARUN CRUS SNDK BRCM LSCC CIEN
JDSU PANW SPLK SBUX DATA
CSOD.....
Here is my weighting :
LULU 21.04%
MITL 19.04%
MU 18.97%
FB 14.83%
EGO 14.41%
RAD 11.71%
Exposure 200%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, September 5, 2014
Thursday, September 4, 2014
Indices closed down .05% to .22%....
Indices ignored good ECB news & closed lower.
S&P 500 @ 19997.65, low 1992.54, high 2011.17
RSI @ 62.18
CMF @ 0.245
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 2.00 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 42 in Nasdaq
VIX UP 2.27% @ 12.64
Oil @ $94.45
Gold @ $1266.50
AH News... KORS Down 4.03%, FNSR Down 4.19%
AMBA UP 6.79%, BLOX UP 11.86%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is under selling pressure for 3 days in a row, everyday we make new highs but closed lower on the day, this is a classic "topping formation". We had many bullish news but it was good for open only, now it is about jobs report news, will it repeat buy @ open and lower by close.Internals are mostly negative & getting worse. Monitor your stocks relative to market & other stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 19997.65, low 1992.54, high 2011.17
RSI @ 62.18
CMF @ 0.245
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 2.00 to 1 in NYSE & 1.44 to 1 in Nasdaq
Net new 52 wk highs were leading by 122 in NYSE & 42 in Nasdaq
VIX UP 2.27% @ 12.64
Oil @ $94.45
Gold @ $1266.50
AH News... KORS Down 4.03%, FNSR Down 4.19%
AMBA UP 6.79%, BLOX UP 11.86%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is under selling pressure for 3 days in a row, everyday we make new highs but closed lower on the day, this is a classic "topping formation". We had many bullish news but it was good for open only, now it is about jobs report news, will it repeat buy @ open and lower by close.Internals are mostly negative & getting worse. Monitor your stocks relative to market & other stocks.
BLOG does NOT give buy or sell.
Saleem
Indices mixed
TAPE is doing the same thing today as yesterday, open strong make new highs on news and then comes the fade. ECB did everything as expected.
S&P 500 @ 1999.56, low 1998.81, high 2011.17
Internals are mixed
Oil Down $1.09
Gold Down $6.00
Canadian $ UP 5 tick @ 91.19
VIX UP .57% @ 12.43, low earlier was 11.70
Portfolio EGO FB LULU MU MITL RAD
Most stocks are down
@ 2.44 following are UP
FB MU QIHU TSL JKS YY TWTR YHOO LNKD
SWIR TSLA KORS GOOGL COH LEN AMZN
SINA DNKN CMG CSIQ FSLR SNDK C
BRCM JCP M SPLK SBUX X STLD
CSOD MS WLT GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1999.56, low 1998.81, high 2011.17
Internals are mixed
Oil Down $1.09
Gold Down $6.00
Canadian $ UP 5 tick @ 91.19
VIX UP .57% @ 12.43, low earlier was 11.70
Portfolio EGO FB LULU MU MITL RAD
Most stocks are down
@ 2.44 following are UP
FB MU QIHU TSL JKS YY TWTR YHOO LNKD
SWIR TSLA KORS GOOGL COH LEN AMZN
SINA DNKN CMG CSIQ FSLR SNDK C
BRCM JCP M SPLK SBUX X STLD
CSOD MS WLT GS.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 3, 2014
Indices closed mixed.....
Indices closed near low of the day.
S&P 500 @ 2000.72, low 1998.14, high 2009.28
RSI @ 64.46
CMF @ 0.272
Internals were :
Down volume led by .98 to 1 in NYSE & 1.53 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 159 in NYSE & 84 in Nasdaq
VIX UP .90% @ 12.36
Oil @ $95.54
Gold @ $1270.30
AH ER PVH UP 7.63%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE did a U turn after moving UP @ open. Ukraine news did not last long as ECB took center stage. This TAPE is very much news driven but tapers off quickly, which may be sign of fatigue @ these elevated level. Jobs report on Friday will be the focus again, so Thursday may not be as productive. Big caps were in trouble today but Solar did pretty good. Internals were not very healthy today which may be sign of upcoming weakness.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2000.72, low 1998.14, high 2009.28
RSI @ 64.46
CMF @ 0.272
Internals were :
Down volume led by .98 to 1 in NYSE & 1.53 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 159 in NYSE & 84 in Nasdaq
VIX UP .90% @ 12.36
Oil @ $95.54
Gold @ $1270.30
AH ER PVH UP 7.63%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE did a U turn after moving UP @ open. Ukraine news did not last long as ECB took center stage. This TAPE is very much news driven but tapers off quickly, which may be sign of fatigue @ these elevated level. Jobs report on Friday will be the focus again, so Thursday may not be as productive. Big caps were in trouble today but Solar did pretty good. Internals were not very healthy today which may be sign of upcoming weakness.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed after making new high in S&P 500 and 14 yr high in Nasdaq, Dow missed it by 2 points. Hope for peace treaty in Ukraine fueled this move.
S&P 500 @ 2002.02, low 1999.17, high 2009.28
Internals are negative
Oil UP $2.67
Gold UP $5.90
Canadian $ UP 46 tick @ 91.20
VIX Down .24% @ 12.22
Portfolio EGO FB LULU MU MITL RAD
Most stocks are down
@ 2.30 following are UP :
EGO TSL JKS GG OTEX YY EXPE BIDU GRPN
LVS KOG DNKN SU FSLR SPWR YNDX
HIMX LRCX BRCM CIEN C JCP NFLX
GMCR MCD X STLD CCJ CSOD MS
MGA GS......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2002.02, low 1999.17, high 2009.28
Internals are negative
Oil UP $2.67
Gold UP $5.90
Canadian $ UP 46 tick @ 91.20
VIX Down .24% @ 12.22
Portfolio EGO FB LULU MU MITL RAD
Most stocks are down
@ 2.30 following are UP :
EGO TSL JKS GG OTEX YY EXPE BIDU GRPN
LVS KOG DNKN SU FSLR SPWR YNDX
HIMX LRCX BRCM CIEN C JCP NFLX
GMCR MCD X STLD CCJ CSOD MS
MGA GS......
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 2, 2014
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2002.28, low 1994.85, high 2006.12
RSI @ 65.59
CMF @ 0.267
Internals were :
UP volume led by .88 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by .93 to 1 in NYSE & 1.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 209 in NYSE & 98 in Nasdaq
VIX UP 2.25% @ 12.25
Oil @ $92.88
Gold @ $1265.00
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continues its record run with S&P 500 @ new all time high while Nasdaq notched another 14 year high. Nasdaq big caps were the star of the day by showing impressive gains. Dow was the only laggard on record game. Looks like we had a minor flattish day today, but we may be setting UP for a strong day again. Strong stocks are running away towards new highs, giving hope for strength in the TAPE going forward. Internals remained positive for the most part. Calls for pullbacks are not happening.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2002.28, low 1994.85, high 2006.12
RSI @ 65.59
CMF @ 0.267
Internals were :
UP volume led by .88 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by .93 to 1 in NYSE & 1.46 to 1 in Nasdaq
Net new 52 wk highs were leading by 209 in NYSE & 98 in Nasdaq
VIX UP 2.25% @ 12.25
Oil @ $92.88
Gold @ $1265.00
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE continues its record run with S&P 500 @ new all time high while Nasdaq notched another 14 year high. Nasdaq big caps were the star of the day by showing impressive gains. Dow was the only laggard on record game. Looks like we had a minor flattish day today, but we may be setting UP for a strong day again. Strong stocks are running away towards new highs, giving hope for strength in the TAPE going forward. Internals remained positive for the most part. Calls for pullbacks are not happening.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on strong data in US, S&P 500 & Nasdaq touched new highs.
S&P 500 @ 1998.53, low 1994.85, high 2006.12
Internals are mixed
Oil Down $2.91
Gold Down $22.10
Canadian $ Down 45 tick @ 90.85
VIX UP 4.26% @ 12.49
Portfolio EGO FB LULU MU MITL RAD
Most stocks are Down
@ 2.17 following are green :
FB RAD TSL QIHU SWIR YY YELP TWTR
EXPE YHOO BIDU TSLA GRPN WUBA JKS
CSIQ FFIV YNDX HIMX PANW SPLK DATA
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1998.53, low 1994.85, high 2006.12
Internals are mixed
Oil Down $2.91
Gold Down $22.10
Canadian $ Down 45 tick @ 90.85
VIX UP 4.26% @ 12.49
Portfolio EGO FB LULU MU MITL RAD
Most stocks are Down
@ 2.17 following are green :
FB RAD TSL QIHU SWIR YY YELP TWTR
EXPE YHOO BIDU TSLA GRPN WUBA JKS
CSIQ FFIV YNDX HIMX PANW SPLK DATA
BLOG does NOT give buy or sell.
Saleem
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