We are back to square 100, it is back to Greece parliament to enact legislation to implement what they have been rejecting then accepting, it has become a trust issue.
Based on published report, it will take another week before we know, what was really accomplished or agreed on.
Market will be under pressure again on Monday on non finalization of Greece refinancing.
Greece needs to implement VAT, Pension Reform, Privatization by Wednesday, lot of drama on CNBC....
China is another issue, where government is directing / dictating stock prices, never ends well.
We have to keep an eye on lows of Tuesday, IF we hold, then we may be OK for digestive phase.
Many Oil countries are facing hardship, Canada included, we are on the verge of going into recession in Canada.
Lot of buying $$ have been taken out due to low low Oil prices, not good for any economies, when there is disruption in major commodity like oil, there are hedges in place which can bring its own problems.
Again, there is another chance to rejig your portfolio on Monday, IF there is selling, good stocks will be on sale again.
It is a wise move to rid of your portfolio of weak stocks, i think i have completed this process on Friday, never too late to get rid of losers.
This summer has not been good for many portfolios, as many strong stocks have pulled back on China & Greece issues.
Do not hesitate to add exposure in quality stocks and away from weak performers or speculative stocks.
Good luck with your own analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
Sunday, July 12, 2015
Friday, July 10, 2015
Indices closed UP 1.21% to 1.53%...NICE !!!!
Indices closed UP and near high of the day on hope for Greece refinancing, China also was UP.
S&P 500 @ 2076.62, high 2081.31, low 2052.74
RSI @ 46.97
CMF @ -0.148
Internals were :
UP volume led by 4.23 to 1 in NYSE & 5.65 to 1 in Nasdaq
Advancing stocks led by 3.94 to 1 in NYSE & 3.82 to 1 in Nasdaq
Net new 52 wk lows were leading by 8 in NYSE & highs by 17 in Nasdaq
VIX Down 15.72% @ 16.83
Oil @ 52.74
Gold @ $1157.90
Canadian $ @ 73.45
Stocks which were UP 1% or more included TWTR
AMBA FEYE LNKD PCLN GOOGL AAPL BABA FB
NXPI MU LEN JKS DNKN EXPE CMG YUM MA V SPWR
CRUS AMCC CIEN FNSR C QIHU NFLX AAL M SPLK MCD
STLD DATA MS BRCM GS AGU TRIP MLNX.....
In my portfolio :
Sold SWIR @ $23.18
Added 50% VDSI @ $27.45
Here is my weighting : (corrected)
LULU 32.52%
GPRO 25.17%
VDSI 18.20%
RAD 13.82%
TWTR10.29%
Exposure 247%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2076.62, high 2081.31, low 2052.74
RSI @ 46.97
CMF @ -0.148
Internals were :
UP volume led by 4.23 to 1 in NYSE & 5.65 to 1 in Nasdaq
Advancing stocks led by 3.94 to 1 in NYSE & 3.82 to 1 in Nasdaq
Net new 52 wk lows were leading by 8 in NYSE & highs by 17 in Nasdaq
VIX Down 15.72% @ 16.83
Oil @ 52.74
Gold @ $1157.90
Canadian $ @ 73.45
Stocks which were UP 1% or more included TWTR
AMBA FEYE LNKD PCLN GOOGL AAPL BABA FB
NXPI MU LEN JKS DNKN EXPE CMG YUM MA V SPWR
CRUS AMCC CIEN FNSR C QIHU NFLX AAL M SPLK MCD
STLD DATA MS BRCM GS AGU TRIP MLNX.....
In my portfolio :
Sold SWIR @ $23.18
Added 50% VDSI @ $27.45
Here is my weighting : (corrected)
LULU 32.52%
GPRO 25.17%
VDSI 18.20%
RAD 13.82%
TWTR10.29%
Exposure 247%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, July 9, 2015
Indices closed UP .19% to .26%...NICE !!!!
Indices closed UP.
S&P 500 @ 2051.31, high 2074.28, low 2049.73
RSI @ 38.32
CMF @ -0.196
Internals were :
UP volume led by 1.74 to 1 in NYSE & 1.23 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk lows were leading by 81 in NYSE & 43 in Nasdaq
VIX UP 1.58% @ 19.97
Oil @ $52.78
Gold @ $1159.20
Stocks which were UP 1% or more included GPRO RAD VDSI
VIPS BITA FEYE YY YHOO LNKD BIDU TSLA BABA
LVS WYNN JKS CSIQ AMZN SINA NFLX SPLK
QIHU SBUX C DATA CSOD Z WYNN......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was extremely sloppy and closed near low of the day, extremely bad technical action on a deeply oversold bounce. Even IF there is an agreement on Greece extension any strength is a sell again. I foresee major dip below 200 DMA before support can be found. Stay with your core position only, keep exposure well within your comfort level.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2051.31, high 2074.28, low 2049.73
RSI @ 38.32
CMF @ -0.196
Internals were :
UP volume led by 1.74 to 1 in NYSE & 1.23 to 1 in Nasdaq
Advancing stocks led by 1.38 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk lows were leading by 81 in NYSE & 43 in Nasdaq
VIX UP 1.58% @ 19.97
Oil @ $52.78
Gold @ $1159.20
Stocks which were UP 1% or more included GPRO RAD VDSI
VIPS BITA FEYE YY YHOO LNKD BIDU TSLA BABA
LVS WYNN JKS CSIQ AMZN SINA NFLX SPLK
QIHU SBUX C DATA CSOD Z WYNN......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was extremely sloppy and closed near low of the day, extremely bad technical action on a deeply oversold bounce. Even IF there is an agreement on Greece extension any strength is a sell again. I foresee major dip below 200 DMA before support can be found. Stay with your core position only, keep exposure well within your comfort level.
BLOG does NOT give buy or sell.
Saleem
Indices Up .23% to .28%....NICE !!!!
Indices staged an oversold bounce, but losing steam.
S&P 500 @ 2052.88, high 2074.28, low 2049.73
Internals are positive
Oil UP $1.16
Gold Down $4.60
Canadian $ UP 20 tick @ 72.76
VIX Down 1.73% @ 19.32
Portfolio GPRO LULU RAD SWIR TWTR VDSI
Most stocks are UP
@ 2.42 following are red :
LULU TWTR ANBA YELP NXPI AAPL MU
DNKN SU SPWR CRUS SNDK JDSU
M X STLD ABX SLW BRCM AGU
MLNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2052.88, high 2074.28, low 2049.73
Internals are positive
Oil UP $1.16
Gold Down $4.60
Canadian $ UP 20 tick @ 72.76
VIX Down 1.73% @ 19.32
Portfolio GPRO LULU RAD SWIR TWTR VDSI
Most stocks are UP
@ 2.42 following are red :
LULU TWTR ANBA YELP NXPI AAPL MU
DNKN SU SPWR CRUS SNDK JDSU
M X STLD ABX SLW BRCM AGU
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 8, 2015
Indices closed down 1.47% to 1.75%......
Indices are in freefall and closed @ low of the day.
S&P 500 @ 2046.68, low 2044.66, high 2077.66
RSI @ 36.56
CMF @ -0.113
Internals were :
Down volume led by 16.33 to 1 in NYSE & 10.84 to 1 in Nasdaq
Declining stocks led by 5.08 to 1 in NYSE & 4.84 to 1 in Nasdaq
Net new 52 wk lows were leading by 166 in NYSE & 129 in Nasdaq
Oil @ $51.65
Gold @ $1163.50
AH ER ..AA Down .57%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, This TAPE has turned bearish, extreme defensive posture is required. Today is lowest close since March, not a good sign. Internals are collapsing. When TAPE turns negative like this week, it is hard to predict where we will stop for support, technical bounce to be used for selling. Watch how we close on a daily basis, until we find fundamental reason to be optimistic, stay defensive. Do not add to exposure, no matter how cheap price may look. Stay with solid core portfolio.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2046.68, low 2044.66, high 2077.66
RSI @ 36.56
CMF @ -0.113
Internals were :
Down volume led by 16.33 to 1 in NYSE & 10.84 to 1 in Nasdaq
Declining stocks led by 5.08 to 1 in NYSE & 4.84 to 1 in Nasdaq
Net new 52 wk lows were leading by 166 in NYSE & 129 in Nasdaq
Oil @ $51.65
Gold @ $1163.50
AH ER ..AA Down .57%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, This TAPE has turned bearish, extreme defensive posture is required. Today is lowest close since March, not a good sign. Internals are collapsing. When TAPE turns negative like this week, it is hard to predict where we will stop for support, technical bounce to be used for selling. Watch how we close on a daily basis, until we find fundamental reason to be optimistic, stay defensive. Do not add to exposure, no matter how cheap price may look. Stay with solid core portfolio.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.27% to 1.56%.....
Indices are @ low of the day as NYSE trading is all set to resume.
It is a bear market TAPE now, adjust accordingly.
S&P 500 @ 2051.02, low 2050.83, high 2077.66
Internals are negative by 4 to 1 in Nasdaq & 5 to 1 in NYSE
Oil Down 74 cents
Gold UP $9.40
Canadian $ Down 34 tick @ 72.64
VIX UP 19.76% @ 19.27
Portfolio GPRO LULU RAD SWIR TWTR VDSI
Most stocks are down
@ 2.45 following are green :
VIPS BITA YY ABX GG AEM ....
BLOG does NOT give buy or sell.
Saleem
It is a bear market TAPE now, adjust accordingly.
S&P 500 @ 2051.02, low 2050.83, high 2077.66
Internals are negative by 4 to 1 in Nasdaq & 5 to 1 in NYSE
Oil Down 74 cents
Gold UP $9.40
Canadian $ Down 34 tick @ 72.64
VIX UP 19.76% @ 19.27
Portfolio GPRO LULU RAD SWIR TWTR VDSI
Most stocks are down
@ 2.45 following are green :
VIPS BITA YY ABX GG AEM ....
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 7, 2015
Indices closed UP .11% to .61%....NICE !!!!
Indices closed UP.
S&P 500 @ 2081.34, high 2083.74, low 2044.02
RSI @ 45.59
CMF @ -0.057
Internals were :
UP volume led by 1.76 to 1 in NYSE & .89 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & .70 to 1 in Nasdaq
Net new 52 wk lows were leading by 249 in NYSE & 127 in Nasdaq
VIX Down 5.41% @ 16.09
Oil @ $52.33
Gold @ $1152.60
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE recovered nicely to close @ high of the day. The breakdown in Chinese stocks is not a good thing. I have a feeling that TAPE will test low of today and may fail. Market is not getting Greek debt issue resolved, it may still go on & on beyond new deadline of Sunday. Dow & S&P 500 went below 200 DMA and internals are not very healthy @ all. Make sure your comfort level is very high with your holding.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2081.34, high 2083.74, low 2044.02
RSI @ 45.59
CMF @ -0.057
Internals were :
UP volume led by 1.76 to 1 in NYSE & .89 to 1 in Nasdaq
Advancing stocks led by 1.47 to 1 in NYSE & .70 to 1 in Nasdaq
Net new 52 wk lows were leading by 249 in NYSE & 127 in Nasdaq
VIX Down 5.41% @ 16.09
Oil @ $52.33
Gold @ $1152.60
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE recovered nicely to close @ high of the day. The breakdown in Chinese stocks is not a good thing. I have a feeling that TAPE will test low of today and may fail. Market is not getting Greek debt issue resolved, it may still go on & on beyond new deadline of Sunday. Dow & S&P 500 went below 200 DMA and internals are not very healthy @ all. Make sure your comfort level is very high with your holding.
BLOG does NOT give buy or sell.
Saleem
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