Indices are higher after some hesitation in S&P 500 & Nasdaq, Dow was firmly in positive ground and is UP the most.
S&P 500 @ 2583.95, high 2584.32, low 2578.24
Internals are positive.
Oil Down 46 cents
Gold Down $20.60
Canadian $ Down 33 tick @ .7206
VIX Down 7.09% @ 10.62
Portfolio AMD BIDU CTRP SHOP TSLA
Most stocks are UP
@ 2.23 following are red :
BIDU TSLA AMZN NTES JD CNQ SU EXPE
FFIV CHK TK RIG LNG TRIP AEM ULTA
OPK CMG CNX......
BLOG does NOT give buy or sell.
Saleem
Monday, November 20, 2017
Sunday, November 19, 2017
Rally continues.....
Despite FBI probe getting too close for comfort, TAPE may discount this issue quickly. Tax reform is going through its usual back & forth between House & Senate before it gets resolved. Nothing which this TAPE cannot handle.
Nasdaq has made new all time highs already, S&P 500 and then Dow could do this in holiday shortened week.
Here is a quick look @ RSI to see my optimistic view :
XLE 42.78
RUT 54.42
S&P 500 55.24
Dow 55.38
TAN 60.20
Nasdaq 63.61
SOX 65.37
Above table is showing nothing is in 70 area , where pullbacks have occurred.
Russell 2000 is showing biggest opportunity to move UP.
S&P 500 and Dow is @ good entry level.
PE is expanding with growth in PE across the board.
New 52 wk high list is an interesting place to pick your winners, may sound aggressive, but TAPE is such that strong is getting stronger.
Any technology or small cap which is sporting an RSI of 50 is @ a very good entry point.
Black Friday, Cyber Monday favors many stocks, stay with those ideas.
Many stocks are defying logic like SQ & OLED...may need a much deserved rest, selling calls on those can improve your return and offer neutral effect IF it pulls back as expected.
SO..all set to make series of new all time highs in indices and many stocks, we may have lot to thank about some Thanksgiving dinner.
Good luck with your own comfort level & strategy.
BLOG does NOT give buy or sell.
Saleem
Nasdaq has made new all time highs already, S&P 500 and then Dow could do this in holiday shortened week.
Here is a quick look @ RSI to see my optimistic view :
XLE 42.78
RUT 54.42
S&P 500 55.24
Dow 55.38
TAN 60.20
Nasdaq 63.61
SOX 65.37
Above table is showing nothing is in 70 area , where pullbacks have occurred.
Russell 2000 is showing biggest opportunity to move UP.
S&P 500 and Dow is @ good entry level.
PE is expanding with growth in PE across the board.
New 52 wk high list is an interesting place to pick your winners, may sound aggressive, but TAPE is such that strong is getting stronger.
Any technology or small cap which is sporting an RSI of 50 is @ a very good entry point.
Black Friday, Cyber Monday favors many stocks, stay with those ideas.
Many stocks are defying logic like SQ & OLED...may need a much deserved rest, selling calls on those can improve your return and offer neutral effect IF it pulls back as expected.
SO..all set to make series of new all time highs in indices and many stocks, we may have lot to thank about some Thanksgiving dinner.
Good luck with your own comfort level & strategy.
BLOG does NOT give buy or sell.
Saleem
Friday, November 17, 2017
Indices closed down .15% to .43%.....
Indices closed down on tax reform fear from senate, also FBI probe is expanding in Russian connection. Considering all this and option expiry, it was not that bad.Internals were all positive.
S&P 500 @ 2578.85, low 2577.62, high 2583.96
RSI @ 55.24
CMF @ 0.221
Internals were :
UP volume led by 1.78 to 1 in NYSE & 1.50 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 101 in Nasdaq
VIX Down 2.81% @ 11.43
Oil @ $56.55
Gold @ $1296.70
Canadian $ @ .7214
Stocks which were UP 1% or more included AMD CTRP
VRX SQ FNSR NTES GG ABX KGC TECK FCX UA
LEN CSIQ EXPE FFIV CHK RIG FEYE YELP
TWTR MLNX SPLK ULTA NKE KBH OPK
CMG PANW CNX.....
Here is my portfolio weighting :
BIDU 25.29%
AMD 24.06%
TSLA 19.98%
SHOP 15.52%
CTRP 15.15%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2578.85, low 2577.62, high 2583.96
RSI @ 55.24
CMF @ 0.221
Internals were :
UP volume led by 1.78 to 1 in NYSE & 1.50 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 88 in NYSE & 101 in Nasdaq
VIX Down 2.81% @ 11.43
Oil @ $56.55
Gold @ $1296.70
Canadian $ @ .7214
Stocks which were UP 1% or more included AMD CTRP
VRX SQ FNSR NTES GG ABX KGC TECK FCX UA
LEN CSIQ EXPE FFIV CHK RIG FEYE YELP
TWTR MLNX SPLK ULTA NKE KBH OPK
CMG PANW CNX.....
Here is my portfolio weighting :
BIDU 25.29%
AMD 24.06%
TSLA 19.98%
SHOP 15.52%
CTRP 15.15%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 16, 2017
Indices closed UP .80% to 1.30%....NICE !!!!
Indices closed UP.
S&P 500 @ 2585.64, high 2590.09, low 2572.95
RSI @ 59.31
CMF @ 0.295
Internals were :
UP volume led by 2.52 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq
VIX Down 10.43% @ 11.76
Oil @ $55.14
Gold @ $1278.20
Stocks which were UP 2% or more included BIDU CTRP SHOP
WB SQ BABA NTES JD BZUN OLED MOMO TWTR
SINA CIEN SPLK ULTA OPK LRCX.....
AH news...SCVL UP 20.89%, SPLK UP 13.59%
PXLW Down 5.13%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP.
About market, TAPE was all fired UP on good earnings report and then came the word of house passing tax reform. Indices closed near high of the day and Nasdaq made a new all time closing high. Internals turned around completely and was positive in every category. This was a major change in direction. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2585.64, high 2590.09, low 2572.95
RSI @ 59.31
CMF @ 0.295
Internals were :
UP volume led by 2.52 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 107 in Nasdaq
VIX Down 10.43% @ 11.76
Oil @ $55.14
Gold @ $1278.20
Stocks which were UP 2% or more included BIDU CTRP SHOP
WB SQ BABA NTES JD BZUN OLED MOMO TWTR
SINA CIEN SPLK ULTA OPK LRCX.....
AH news...SCVL UP 20.89%, SPLK UP 13.59%
PXLW Down 5.13%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP.
About market, TAPE was all fired UP on good earnings report and then came the word of house passing tax reform. Indices closed near high of the day and Nasdaq made a new all time closing high. Internals turned around completely and was positive in every category. This was a major change in direction. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .92% to 1.48%.....NICE !!!!
Indices are rocketing higher on House passing Tax reform bill.
S&P 500 @ 2589.44, high 2589.51, low 2572.95
Internals are positive by minimum 3 to 1, to almost 6 to 1 in Nasdaq
Oil Down 4 cents
Gold Down 15 cents
Canadian $ UP 18 tick @ .7257
VIX Down 11.27% @ 11.65
In my portfolio :
Sold WB @ $116.25
Bought BIDU @ $236.20
Portfolio AMD BIDU CTRP SHOP TSLA
Most stocks are UP
@ 2.17 following are red :
VRX GE SPWR SWIR GG FCX ABX KGC COH
SU YUM CHK TK RIG TRIP DATA AEM
KBH CMG X.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2589.44, high 2589.51, low 2572.95
Internals are positive by minimum 3 to 1, to almost 6 to 1 in Nasdaq
Oil Down 4 cents
Gold Down 15 cents
Canadian $ UP 18 tick @ .7257
VIX Down 11.27% @ 11.65
In my portfolio :
Sold WB @ $116.25
Bought BIDU @ $236.20
Portfolio AMD BIDU CTRP SHOP TSLA
Most stocks are UP
@ 2.17 following are red :
VRX GE SPWR SWIR GG FCX ABX KGC COH
SU YUM CHK TK RIG TRIP DATA AEM
KBH CMG X.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 15, 2017
Indices closed down .47% to .59%......
Indices closed down.
S&P 500 @ 2564.62, low 2557.46, high 2572.84
RSI @ 48.40
CMF @ 0.316
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 1.79 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk lows were leading by 72 in NYSE & 48 in Nasdaq
VIX UP 13.29% @ 13.13
Oil @ $55.33
Gold @ $1277.70
AH News....RH UP 16.16%, NTAP UP 11.41%
CSCO UP 5.83%, NTES UP 2.32%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE completed its big downdraft today after we reached one month low in Dow, lot of speculative money ran for the cover today. Looks like froth is gone with RSI @ 48.40 and we can rally from hereon. Strong stocks should make new all time highs again. Lot of tax details have leaked out and its looking OK for wall street and corporation.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2564.62, low 2557.46, high 2572.84
RSI @ 48.40
CMF @ 0.316
Internals were :
Down volume led by 1.56 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 1.79 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk lows were leading by 72 in NYSE & 48 in Nasdaq
VIX UP 13.29% @ 13.13
Oil @ $55.33
Gold @ $1277.70
AH News....RH UP 16.16%, NTAP UP 11.41%
CSCO UP 5.83%, NTES UP 2.32%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE completed its big downdraft today after we reached one month low in Dow, lot of speculative money ran for the cover today. Looks like froth is gone with RSI @ 48.40 and we can rally from hereon. Strong stocks should make new all time highs again. Lot of tax details have leaked out and its looking OK for wall street and corporation.
BLOG does NOT give buy or sell.
Saleem
Indices down .41% to .53%.....
Indices continues its corrective phase on day 4, blame being given to Oil going down from sky high $57 level, its about too many bulls.Indices have recovered some of the losses.
S&P 500 @ 2566.85, low 2557.45, high 2572.84
Internals are negative
Oil Down 43 cents
Gold Down $4.80
Canadian $ Down 47 tick @ .7224
VIX UP 10.27% @ 12.78...high today 14.51
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are down
@ 2.10 following are green :
CTRP TSLA VRX SQ LULU NTES MOMO GE
CNQ BAC UA KGC CSIQ PCLN TK LNG
CIEN TRIP MGA ULTA NKE OPK CMG
AAL M LRCX CNX.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2566.85, low 2557.45, high 2572.84
Internals are negative
Oil Down 43 cents
Gold Down $4.80
Canadian $ Down 47 tick @ .7224
VIX UP 10.27% @ 12.78...high today 14.51
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are down
@ 2.10 following are green :
CTRP TSLA VRX SQ LULU NTES MOMO GE
CNQ BAC UA KGC CSIQ PCLN TK LNG
CIEN TRIP MGA ULTA NKE OPK CMG
AAL M LRCX CNX.......
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)