Indices are higher despite trade tension heating up with China & USA.
S&P 500 @ 2848.32, high 2853.29, low 2835.98
Internals are positive.
Oil UP 75 cents
Gold Down $6.20
Canadian $ Down 14 tick @ .6998
VIX Down 2.41% @ 11.35
Portfolio BIDU BZUN FB HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.11 following are red :
BIDU HUYA YY MOMO SOGO NEW MU JD
BABA FCX TECK GG TSM AEM SWKS
KORS IBM X M .....
BLOG does NOT give buy or sell.
Saleem
Monday, August 6, 2018
Sunday, August 5, 2018
Indices fighting negativity......
Indices are fighting valiantly against uncertainty due to trade war and rising interest rate scenario.
All indices are within striking distance of getting close to new all time highs.
Here is a list of how far indices / sectors are from new highs :
S&P 500 33 points away
RUT 36 points away
SOX 83 points away
Nasdaq 122 points away
Dow 1139 points away
Here is how RSI in all indices / index
S&P 500 63.01
Dow 62.72
SOX 56.78
Nasdaq 55.57
RUT 48.92
Based on RSI, S&P 500 & Dow are looking very healthy and should make new all time highs soon. Russell is weakest .
CMF is positive in all indices / index
Based on how close we are to making new all time highs, market is behaving well.
Strong stocks are behaving well and are making new all time highs already.
In a diversified portfolio, individuals can do as well as market.
Gold is getting deeply oversold and may warrant a look AEM is a good stock and is trading near lower end of range.
Solar stocks also behaving well lately and may have found a bottom, JKS, CSIQ looks good technically.
Good luck with your own strategy and your take on markets.
BLOG does NOT give buy or sell.
Saleem
All indices are within striking distance of getting close to new all time highs.
Here is a list of how far indices / sectors are from new highs :
S&P 500 33 points away
RUT 36 points away
SOX 83 points away
Nasdaq 122 points away
Dow 1139 points away
Here is how RSI in all indices / index
S&P 500 63.01
Dow 62.72
SOX 56.78
Nasdaq 55.57
RUT 48.92
Based on RSI, S&P 500 & Dow are looking very healthy and should make new all time highs soon. Russell is weakest .
CMF is positive in all indices / index
Based on how close we are to making new all time highs, market is behaving well.
Strong stocks are behaving well and are making new all time highs already.
In a diversified portfolio, individuals can do as well as market.
Gold is getting deeply oversold and may warrant a look AEM is a good stock and is trading near lower end of range.
Solar stocks also behaving well lately and may have found a bottom, JKS, CSIQ looks good technically.
Good luck with your own strategy and your take on markets.
BLOG does NOT give buy or sell.
Saleem
Friday, August 3, 2018
Indices closed UP .12% to .54%...NICE !!!!
Indices closed higher despite weaker job growth and continued tit for tat tariff by US & China.
S&P 500 @ 2840.35, high 2840.38, low 2827.37
RSI @ 63.01
CMF @ 0.192
Internals were :
UP volume led by 2.08 to 1 in NYSE & .82 to 1 in Nasdaq
Advancing stocks led by 1.50 to 1 in NYSE & .71 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 23 in Nasdaq
VIX Down 4.51% @ 11.64
Oil @ $68.49
Gold @ $1223.20
Canadian $ @ .7021
Stocks which were UP 1% or more included BIDU
CRUS WB SBUX NTES LEN EBAY LULU GG
ABX AMAT YUM FCX CHK FNSR ORCL
IBM CNX......
Here is my portfolio weighting :
IQ 14.90%
NVDA 14.60%
HUYA 14.10%
FB 13.80%
BIDU 13.70%
BZUN 11.70%
NXPI 9.30%
SQ 7.90%
Next BLOG by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2840.35, high 2840.38, low 2827.37
RSI @ 63.01
CMF @ 0.192
Internals were :
UP volume led by 2.08 to 1 in NYSE & .82 to 1 in Nasdaq
Advancing stocks led by 1.50 to 1 in NYSE & .71 to 1 in Nasdaq
Net new 52 wk highs were leading by 107 in NYSE & 23 in Nasdaq
VIX Down 4.51% @ 11.64
Oil @ $68.49
Gold @ $1223.20
Canadian $ @ .7021
Stocks which were UP 1% or more included BIDU
CRUS WB SBUX NTES LEN EBAY LULU GG
ABX AMAT YUM FCX CHK FNSR ORCL
IBM CNX......
Here is my portfolio weighting :
IQ 14.90%
NVDA 14.60%
HUYA 14.10%
FB 13.80%
BIDU 13.70%
BZUN 11.70%
NXPI 9.30%
SQ 7.90%
Next BLOG by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 2, 2018
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2827.22, high 2829.91, low 2796.34
RSI @ 60.03
CMF @ 0.175
Internals were :
UP volume led by 1.24 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks were leading by 1.37 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 9 in NYSE & lows by 3 in Nasdaq
VIX Down 7.30% @ 12.19
Oil @ $68.96
Gold @ $1220.10
Stocks which were UP 1% or more included AMD BIDU NVDA SQ
FB AMZN PANW MU VICR SHOP INTC SPLK AAPL DNKN
JKS LULU MRVL MSFT NFLX QRVO ROKU SPWR TSLA
TWTR YUM NTNX TK RIG FNSR ORCL OSTKSWKS
NKE CMG M.....
In my portfolio :
Sold AMD @ $18.84 AH
Bought FB @ $176.53 AH
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE recovered nicely from Dow being down 200 to almost flat, every trade related selling is being met with strategic buying of strong stocks. Nasdaq was the strongest with 1.24% UP move. Leadership is back in FANG and other strong stocks. There is jobs report @ 830 AM, it has been strong in terms of jobs growth, I do not expect this report to be any different, hotter the better which means economy is percolating. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2827.22, high 2829.91, low 2796.34
RSI @ 60.03
CMF @ 0.175
Internals were :
UP volume led by 1.24 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks were leading by 1.37 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 9 in NYSE & lows by 3 in Nasdaq
VIX Down 7.30% @ 12.19
Oil @ $68.96
Gold @ $1220.10
Stocks which were UP 1% or more included AMD BIDU NVDA SQ
FB AMZN PANW MU VICR SHOP INTC SPLK AAPL DNKN
JKS LULU MRVL MSFT NFLX QRVO ROKU SPWR TSLA
TWTR YUM NTNX TK RIG FNSR ORCL OSTKSWKS
NKE CMG M.....
In my portfolio :
Sold AMD @ $18.84 AH
Bought FB @ $176.53 AH
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE recovered nicely from Dow being down 200 to almost flat, every trade related selling is being met with strategic buying of strong stocks. Nasdaq was the strongest with 1.24% UP move. Leadership is back in FANG and other strong stocks. There is jobs report @ 830 AM, it has been strong in terms of jobs growth, I do not expect this report to be any different, hotter the better which means economy is percolating. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices UP .09% to 1.23%....NICE !!!!
Indices are all green despite sharply lower open and rising trade tension.
S&P 500 @ 2828.21, high 2829.03, low 2796.34
Internals are positive
Oil UP $1.51
Gold Down $7.50
Canadian $ Down 8 tick @ .6989
VIX Down 5.63% @ 12.41...high today 14.53....
Portfolio AMD BIDU BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.16 following are red :
BZUN HUYA IQ CRUS YY MOMO SOGO NEW WB
NTES EAF CNQ CTRP BABA FCX KGC LEN LVS
SU ALDR FEYE TRIP MCD KORS X CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2828.21, high 2829.03, low 2796.34
Internals are positive
Oil UP $1.51
Gold Down $7.50
Canadian $ Down 8 tick @ .6989
VIX Down 5.63% @ 12.41...high today 14.53....
Portfolio AMD BIDU BZUN HUYA IQ NVDA NXPI SQ
Most stocks are UP
@ 2.16 following are red :
BZUN HUYA IQ CRUS YY MOMO SOGO NEW WB
NTES EAF CNQ CTRP BABA FCX KGC LEN LVS
SU ALDR FEYE TRIP MCD KORS X CNX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, August 1, 2018
Indices closed mixed....
Indices closed mixed.
S&P 500 @ 2813.36, low 2805.85, high 2825.83
RSI @ 56.60
CMF @ 0.173
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.77 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk high were leading by 11 in NYSE & lows by 25 in Nasdaq
VIX UP 2.49% @ 13.15
Oil @ $67.66
Gold @ $1227.60
AH news....RUBI UP 13.31%, WYNN Down 3.66%
TRIP Down 10.32%, TSLA UP 9.36%
SQ reported a beat in Sales and EPS as follows :
Sales Q 2 actual $385 million beat by $17.41 million
EPS Q3 actual 13 cents beat by 1 cent
Guiding higher Q 3 Sales @ $407 million to $412 million vs expectations of $4384.51 million
EPS Q 3 guiding below 8 cents to 10 cents vs expectations of 13 cents
Stocks closed down 1.06% AH
Expecting many analysts upgrades before open.....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under pressure again as US threatening to impose higher duties on all Chinese imports. Nasdaq bucked the trend with green close. Earnings were mixed and reaction different from AH, AAPL gave a nice lift to Nasdaq with its beat in earnings. Fed remained on the sidelines with notations that US economy is doing well, means rate hike in September.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2813.36, low 2805.85, high 2825.83
RSI @ 56.60
CMF @ 0.173
Internals were :
Down volume led by 1.86 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.77 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk high were leading by 11 in NYSE & lows by 25 in Nasdaq
VIX UP 2.49% @ 13.15
Oil @ $67.66
Gold @ $1227.60
AH news....RUBI UP 13.31%, WYNN Down 3.66%
TRIP Down 10.32%, TSLA UP 9.36%
SQ reported a beat in Sales and EPS as follows :
Sales Q 2 actual $385 million beat by $17.41 million
EPS Q3 actual 13 cents beat by 1 cent
Guiding higher Q 3 Sales @ $407 million to $412 million vs expectations of $4384.51 million
EPS Q 3 guiding below 8 cents to 10 cents vs expectations of 13 cents
Stocks closed down 1.06% AH
Expecting many analysts upgrades before open.....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under pressure again as US threatening to impose higher duties on all Chinese imports. Nasdaq bucked the trend with green close. Earnings were mixed and reaction different from AH, AAPL gave a nice lift to Nasdaq with its beat in earnings. Fed remained on the sidelines with notations that US economy is doing well, means rate hike in September.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed as Fed leave interest rates unchanged.
S&P 500 @ 2813.87, low 2805.85, high 2825.83
Internals are negative
Oil Down $1.33
Gold Down $4.10
Canadian $ UP 18 tick @ .7013
VIX UP 1.64% @ 13.04
Portfolio AMD BIDU BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.35 following are green :
AMD HUYA SQ AMZN DQ PANW SOGO OLED
FSLR EAF VICR INTC SPLK AAPL BAC MA
SPWR NTNX ALDR YELP MLNX CMG V..
SQ reports AH, here are expectations :
Q 2 Sales $367.59 million, EPS 12 cents
Q 3 guidance expectations Sales $384.51 million, EPS 13 cents
Expecting a beat and higher guidance!
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2813.87, low 2805.85, high 2825.83
Internals are negative
Oil Down $1.33
Gold Down $4.10
Canadian $ UP 18 tick @ .7013
VIX UP 1.64% @ 13.04
Portfolio AMD BIDU BZUN HUYA IQ NVDA NXPI SQ
Most stocks are down
@ 2.35 following are green :
AMD HUYA SQ AMZN DQ PANW SOGO OLED
FSLR EAF VICR INTC SPLK AAPL BAC MA
SPWR NTNX ALDR YELP MLNX CMG V..
SQ reports AH, here are expectations :
Q 2 Sales $367.59 million, EPS 12 cents
Q 3 guidance expectations Sales $384.51 million, EPS 13 cents
Expecting a beat and higher guidance!
BLOG does NOT give buy or sell.
Saleem
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