Indices are down but off their lows and @ high of the day, A good technical picture, despite renewed technology selling. Oil is down again today.
S&P 500 @ 2430.04, low 2418.53, high 2430.73
Internals are negative by minimum 2 to 1, 3 to 1 LEAD in down volume
Oil Down 26 cents
Gold Down $20.40
Canadian $ Down 31 tick @ .6724
VIX UP 6.11% @ 11.29...high today was 12.01
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR TWTR WB
Most stocks are down
@ 2.29 following are green :
LULU TWTR WB IAG FNSR SWKS QRVO NVDA CY SINA
CIEN WYNN MCD SPLK KORS.....
BLOG does NOT give buy or sell.
Saleem
Thursday, June 15, 2017
Wednesday, June 14, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2437.92, low 2428.34, high 2443.75
RSI @ 64.59
CMF @ 0.274
Internals were :
Down volume led by 1.75 to 1 in NYSE & 1.46 to 1 in Nasdaq
Declining stocks led by 1.12 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 57 in Nasdaq
VIX UP 2.11% @ 10.64
Oil @ $44.73
Gold @ $1275.90
AH ER ...JBL UP 3.33%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed mixed but it was Dow which not only closed green but closed @ new all time high. Nasdaq is faltering badly which is a major concern @ this stage. Oil slumping badly is not helping either. Internals were weak. SOX remains the weakest link, many semiconductor stocks are trending lower in a hurry, AAPL weakness is a big drag for SOX, which are suppliers to AAPL. All in all technology is a very big question mark and does not look healthy.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2437.92, low 2428.34, high 2443.75
RSI @ 64.59
CMF @ 0.274
Internals were :
Down volume led by 1.75 to 1 in NYSE & 1.46 to 1 in Nasdaq
Declining stocks led by 1.12 to 1 in NYSE & 1.41 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & 57 in Nasdaq
VIX UP 2.11% @ 10.64
Oil @ $44.73
Gold @ $1275.90
AH ER ...JBL UP 3.33%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed mixed but it was Dow which not only closed green but closed @ new all time high. Nasdaq is faltering badly which is a major concern @ this stage. Oil slumping badly is not helping either. Internals were weak. SOX remains the weakest link, many semiconductor stocks are trending lower in a hurry, AAPL weakness is a big drag for SOX, which are suppliers to AAPL. All in all technology is a very big question mark and does not look healthy.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed ahead of fed decision to hike interest rates. Oil is down again.
S&P 500 @ 2440.26, low 2435.13, high 2443.75
Internals are mostly negative
Oil Down $1.77
Gold UP $8.70
Canadian $ UP 26 tick @ .6786
VIX UP 2.59% @ 10.69
In my portfolio Bought TWTR @ $16.98
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR TWTR WB
Most stocks are down
@ 1.10 PM following are green :
BIDU FB LULU OCLR NFLX TSLA GOOG AMZN NVDA BABA
LVS V LEN MSFT DNKN EXPE EBAY YUM FFIV YELP SHOP
MCD AAL.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2440.26, low 2435.13, high 2443.75
Internals are mostly negative
Oil Down $1.77
Gold UP $8.70
Canadian $ UP 26 tick @ .6786
VIX UP 2.59% @ 10.69
In my portfolio Bought TWTR @ $16.98
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR TWTR WB
Most stocks are down
@ 1.10 PM following are green :
BIDU FB LULU OCLR NFLX TSLA GOOG AMZN NVDA BABA
LVS V LEN MSFT DNKN EXPE EBAY YUM FFIV YELP SHOP
MCD AAL.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 13, 2017
Indices closed UP .44% to .73%....NICE !!!!
Indices closed UP.
S&P 500 @ 2440.35, high 2441.49, low 2431.28
RSI @ 66.39
CMF @ 0.259
Internals were :
UP volume led by 2.50 to 1 in NYSE & 1.51 to 1 in Nasdaq
Advancing stocks led by 2.34 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & 61 in Nasdaq
VIX Down 9.08% @ 10.42
Oil @ $46.46
Gold @ $1268.60
Stocks which were UP 2% or more included BBRY SWIR
TSLA IAG AEM OLED CSIQ CHK TK RIG SPWR
WYNN DATA CNX......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE recovered nicely from 2 day's of drubbing, indices closed near high of the day. Internals were strong all over. Dow & S&P 500 closed @ new all time high, almost unbelievable considering investor / pundits sentiment till yesterday. It is all about Fed statement and policy change about direction of interest rates. After usual zig zag, we should confirm this rally by close.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2440.35, high 2441.49, low 2431.28
RSI @ 66.39
CMF @ 0.259
Internals were :
UP volume led by 2.50 to 1 in NYSE & 1.51 to 1 in Nasdaq
Advancing stocks led by 2.34 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk highs were leading by 118 in NYSE & 61 in Nasdaq
VIX Down 9.08% @ 10.42
Oil @ $46.46
Gold @ $1268.60
Stocks which were UP 2% or more included BBRY SWIR
TSLA IAG AEM OLED CSIQ CHK TK RIG SPWR
WYNN DATA CNX......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE recovered nicely from 2 day's of drubbing, indices closed near high of the day. Internals were strong all over. Dow & S&P 500 closed @ new all time high, almost unbelievable considering investor / pundits sentiment till yesterday. It is all about Fed statement and policy change about direction of interest rates. After usual zig zag, we should confirm this rally by close.
BLOG does NOT give buy or sell.
Saleem
Indices UP .38% to .59%....NICE !!!!
Indices are staging an oversold bounce. Indices are near high of the day.
S&P 500 @ 2438.97, high 2439.73, low 2431.28
Internals are positive by 2 to 1
Oil UP 16 cents
Gold Down 10 cents
Canadian $ UP 83 tick @ .6761...it has risen almost 2 cents against US $ on talk of hike in interest rate by Central Bank Governor...CAD was heavily shorted currency.....
VIX Down 7.85% @ 10.56
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR WB
Most stocks are UP
@ 2.13 following are red :
BIDU WB VRX CTRP TWTR AMD NTES QRVO NVDA
BABA TECK FCX SBUX COH SINA LNG YELP
SHOP KORS OPK AAL M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2438.97, high 2439.73, low 2431.28
Internals are positive by 2 to 1
Oil UP 16 cents
Gold Down 10 cents
Canadian $ UP 83 tick @ .6761...it has risen almost 2 cents against US $ on talk of hike in interest rate by Central Bank Governor...CAD was heavily shorted currency.....
VIX Down 7.85% @ 10.56
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR WB
Most stocks are UP
@ 2.13 following are red :
BIDU WB VRX CTRP TWTR AMD NTES QRVO NVDA
BABA TECK FCX SBUX COH SINA LNG YELP
SHOP KORS OPK AAL M.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 12, 2017
Indices closed down .10% to .52%......
Indices closed down.
S&P 500 @ 2429.39, low 2419.97, high 2430.38
RSI @ 61.94
CMF @ 0.251
Internals were :
UP volume led by 1.26 to 1 in NYSE & .59 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & .73 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 54 in Nasdaq
VIX UP 7.10% @ 11.46
Oil @ $46.08
Gold @ $1268.90
In my portfolio Added 120% BBRY @ $10.58
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak but closed near high of the day. Nasdaq was the real story for 2 days in a row, it slumped 231.03 points or 3.64% from high to low today, hopefully, this selling is more than overdone, no technical levels were breached like 50 DMA. The real carnage was in SOX which corrected 96.53 points or 8.39% from high to low in 2 days.Hopefully you have adjusted your portfolio to better position for next ride UP.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2429.39, low 2419.97, high 2430.38
RSI @ 61.94
CMF @ 0.251
Internals were :
UP volume led by 1.26 to 1 in NYSE & .59 to 1 in Nasdaq
Advancing stocks led by 1.02 to 1 in NYSE & .73 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 54 in Nasdaq
VIX UP 7.10% @ 11.46
Oil @ $46.08
Gold @ $1268.90
In my portfolio Added 120% BBRY @ $10.58
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak but closed near high of the day. Nasdaq was the real story for 2 days in a row, it slumped 231.03 points or 3.64% from high to low today, hopefully, this selling is more than overdone, no technical levels were breached like 50 DMA. The real carnage was in SOX which corrected 96.53 points or 8.39% from high to low in 2 days.Hopefully you have adjusted your portfolio to better position for next ride UP.
BLOG does NOT give buy or sell.
Saleem
Indices down .34% to .85%.....
Indices are down on weakness in most tech stocks, Nasdaq went lower than low of yesterday but is currently above low of yesterday, a good technical omen.
S&P 500 @ 2421.83, low 2419.97, high 2430.38
Internals are negative.
Oil UP 42 cents
Gold Down $2.60
Canadian $ UP 12 tick @ .6653
VIX UP 11.59% @ 11.94
In my portfolio Bought BBRY @ $11.07
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR WB
Most stocks are down
@ 2.10 following are green :
LULU MOMO VRX NTES MU TWTR CNQ CY FCX UA
ABX JKS LEN CSIQ MRVL CHK RIG LNG CIEN LVS
WYNN TRIP YELP MGA SNAP AEM GG NKE KBH
OPK CMG X M CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2421.83, low 2419.97, high 2430.38
Internals are negative.
Oil UP 42 cents
Gold Down $2.60
Canadian $ UP 12 tick @ .6653
VIX UP 11.59% @ 11.94
In my portfolio Bought BBRY @ $11.07
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR WB
Most stocks are down
@ 2.10 following are green :
LULU MOMO VRX NTES MU TWTR CNQ CY FCX UA
ABX JKS LEN CSIQ MRVL CHK RIG LNG CIEN LVS
WYNN TRIP YELP MGA SNAP AEM GG NKE KBH
OPK CMG X M CNX.....
BLOG does NOT give buy or sell.
Saleem
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