Indices are still struggling despite good earnings from Walmart and conciliatory tone by China on trade.
S&P 500 @ 2836.91, low 2825.51, high 2856.67
Internals are negative
Oil Down 79 cents
Gold UP $6.60
Canadian $ Down 7 tick @ .6676
VIX UP .59% to 22.23
Portfolio AMD BZUN CIEN CRON FB SPWR TWTR
Most stocks are down
@ 2.22 PM following are green :
BZUN FB MOMO HUYA NEM AEM GLD
AMZN WB BABA CSIQ GOOG MA SINA
OSTK MCD TSM CMG XLNX V...
BLOG does NOT give buy or sell.
Saleem
Thursday, August 15, 2019
Wednesday, August 14, 2019
Indices closed down 2.93% to 3.05%......
Indices closed down.
S&P 500 @ 2840.60, low 2839.64, high 2894.15
RSI @ 37.51
CMF @ 0.141
Internals were :
Down volume led by 16.26 to 1 in NYSE & 5.13 to 1 in Nasdaq
Declining stocks led by 4.46 to 1 in NYSE & 5.32 to 1 in Nasdaq
Net new 52 wk lows were leading by 197 in NYSE & 237 in Nasdaq
VIX UP 26.14% @ 22.10
Oil @ $55.23
Gold @ $1527.80
AH news....CSCO Down 7.73%, CGC Down 10.87%
TRUE UP 10.03%, NTAP UP 3.00%
In my portfolio in After hours :
Sold TSLA @ $219.54
Bought TWTR @ $40.60
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was the story of 10 year yield @ 1.574 & 2 year yield @ 1.575...it is the famous inverted yield where 2 year yield is higher than 10 year, for all I know this fraction of difference may disappear tomorrow and everything will be fine on Wall Street, again a panic of 1 trading day duly exploited by HFT to the maximum. We did close @ low of the day, DOW down 800 points made history only for 2019. Look @ your portfolio and see IF it deserves some change to better quality of stocks which I did.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2840.60, low 2839.64, high 2894.15
RSI @ 37.51
CMF @ 0.141
Internals were :
Down volume led by 16.26 to 1 in NYSE & 5.13 to 1 in Nasdaq
Declining stocks led by 4.46 to 1 in NYSE & 5.32 to 1 in Nasdaq
Net new 52 wk lows were leading by 197 in NYSE & 237 in Nasdaq
VIX UP 26.14% @ 22.10
Oil @ $55.23
Gold @ $1527.80
AH news....CSCO Down 7.73%, CGC Down 10.87%
TRUE UP 10.03%, NTAP UP 3.00%
In my portfolio in After hours :
Sold TSLA @ $219.54
Bought TWTR @ $40.60
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was the story of 10 year yield @ 1.574 & 2 year yield @ 1.575...it is the famous inverted yield where 2 year yield is higher than 10 year, for all I know this fraction of difference may disappear tomorrow and everything will be fine on Wall Street, again a panic of 1 trading day duly exploited by HFT to the maximum. We did close @ low of the day, DOW down 800 points made history only for 2019. Look @ your portfolio and see IF it deserves some change to better quality of stocks which I did.
BLOG does NOT give buy or sell.
Saleem
Indices down 2.48% to 2.73%......
Indices are tanking on recession signal from Germany to US bond market.
S&P 500 @ 2856.01, low 2841.53, high 2894.15
Internals are negative by minimum 4 to 1
Oil Down $2.37
Gold UP $14.60
Canadian $ Down 93 tick @ .6689
VIX UP 22.32% @ 21.43...high today 22.71
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are down
@ 2.23 PM following are green :
NEM AEM GLD FEYE YY ....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2856.01, low 2841.53, high 2894.15
Internals are negative by minimum 4 to 1
Oil Down $2.37
Gold UP $14.60
Canadian $ Down 93 tick @ .6689
VIX UP 22.32% @ 21.43...high today 22.71
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are down
@ 2.23 PM following are green :
NEM AEM GLD FEYE YY ....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 13, 2019
Indices closed UP 1.42% to 1.95%....NICE !!!!
Indices closed UP.
S&P 500 @ 2926.32, high 2943.31, low 2877.05
RSI @ 47.33
CMF @ 0.159
Internals were :
UP volume led by 2.72 to 1 in NYSE & 2.13 to 1 Nasdaq
Advancing stocks led by 2.47 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 62 in Nasdaq
VIX Down 16.93% @ 17.52
Oil @ $57.10
Gold @ $1514.10
Stocks which were UP 2% or more included BZUN CRON TSLA
TWTR IQ HUYA BIDU MOMO NVDA MU LRCX AMZN
WB AAPL SPLK CGC TLRY AMAT BABA PANW YY
ALDR CHK TK CSIQ FSLR LVS MSFT SWKS TSM
NKE KBH XLNX X....
AH news...TLRY Down 10.32%, PSNL Down 7.15%
CHNG UP 10.19%, HUYA UP 6.89%......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down.
About market, TAPE was down then tweet it UP and closed higher. These days it is all about next tweet which reverses last tweet over & over, no clear cut policy making, all after thought adjustments, Huawei bad, then half bad, then no good. Hopefully we will get a confirmation of this rally by a positive close in all major index.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2926.32, high 2943.31, low 2877.05
RSI @ 47.33
CMF @ 0.159
Internals were :
UP volume led by 2.72 to 1 in NYSE & 2.13 to 1 Nasdaq
Advancing stocks led by 2.47 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & lows by 62 in Nasdaq
VIX Down 16.93% @ 17.52
Oil @ $57.10
Gold @ $1514.10
Stocks which were UP 2% or more included BZUN CRON TSLA
TWTR IQ HUYA BIDU MOMO NVDA MU LRCX AMZN
WB AAPL SPLK CGC TLRY AMAT BABA PANW YY
ALDR CHK TK CSIQ FSLR LVS MSFT SWKS TSM
NKE KBH XLNX X....
AH news...TLRY Down 10.32%, PSNL Down 7.15%
CHNG UP 10.19%, HUYA UP 6.89%......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down.
About market, TAPE was down then tweet it UP and closed higher. These days it is all about next tweet which reverses last tweet over & over, no clear cut policy making, all after thought adjustments, Huawei bad, then half bad, then no good. Hopefully we will get a confirmation of this rally by a positive close in all major index.
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.55% to 1.92%...NICE !!!!!
Indices have reversed course after opening lower and turning sharply higher on " tweet " what else is driving markets these days. There seems to be a step forward in easing trade tension between US & China.
S&P 500 @ 2929.22, high 2943.31, low 2877.05
Internals are positive by 3 to 1
Oil UP $2.12
Gold Down $2.89
Canadian $ UP 12 tick @ .6774
VIX Down 14.51% @ 18.03
In my portfolio....Bought SPWR @ $13.34
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are UP
@ 1.42 PM following are red :
NEM AEM GLD UBER SHOP MTCH NIU AAL PRNB
JKS NFLX LNG YELP ....
Again....my TD webbroker is down...thus cannot access my 100
watchlist...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2929.22, high 2943.31, low 2877.05
Internals are positive by 3 to 1
Oil UP $2.12
Gold Down $2.89
Canadian $ UP 12 tick @ .6774
VIX Down 14.51% @ 18.03
In my portfolio....Bought SPWR @ $13.34
Portfolio AMD BZUN CIEN CRON FB SPWR TSLA
Most stocks are UP
@ 1.42 PM following are red :
NEM AEM GLD UBER SHOP MTCH NIU AAL PRNB
JKS NFLX LNG YELP ....
Again....my TD webbroker is down...thus cannot access my 100
watchlist...
BLOG does NOT give buy or sell.
Saleem
Monday, August 12, 2019
Indices closed down 1.20% to 1.49%......
Indices closed down.
S&P 500 @ 2882.69, low 2873.14, high 2907.58
RSI @ 39.89
CMF @ 0.112
Internals were :
Down volume led by 4.80 to 1 in NYSE & 2.36 to 1 in Nasdaq
Declining stocks led by 2.35 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 114 in Nasdaq
VIX UP 17.36% @ 21.09
Oil @ $54.53
Gold @ $1517.20
AH news...BRKS Down 15.51%, AKAM Down 5.84%
LNNW UP 4.26%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under another selling pressure on fear of recession and ongoing disruption in Hong Kong, I personally believe that these issues may have been already discounted by markets now, RSI @ 39.89 is extremely oversold which is ripe for an oversold bounce. It gets very frustrating in relentless selling by HFT which we are witnessing now. Turnaround Tuesday is here.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2882.69, low 2873.14, high 2907.58
RSI @ 39.89
CMF @ 0.112
Internals were :
Down volume led by 4.80 to 1 in NYSE & 2.36 to 1 in Nasdaq
Declining stocks led by 2.35 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new 52 wk lows were leading by 33 in NYSE & 114 in Nasdaq
VIX UP 17.36% @ 21.09
Oil @ $54.53
Gold @ $1517.20
AH news...BRKS Down 15.51%, AKAM Down 5.84%
LNNW UP 4.26%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under another selling pressure on fear of recession and ongoing disruption in Hong Kong, I personally believe that these issues may have been already discounted by markets now, RSI @ 39.89 is extremely oversold which is ripe for an oversold bounce. It gets very frustrating in relentless selling by HFT which we are witnessing now. Turnaround Tuesday is here.
BLOG does NOT give buy or sell.
Saleem
Indices down .99% to 1.19%.....
Indices are tumbling again on fear of recession & escalating protest in Hong Kong. Indices are @ low of the day.
S&P 500 @ 2887.29, low 2885.99, high 2907.58
Internals are negative by 3 to 1
Oil UP 32 cents
Gold UP $9.20
Canadian $ Down 14 tick @ .6760
VIX UP 11.80% @ 20.09
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are down
@ 2.24 PM following are green ;
BZUN AEM GLD LRCX WB ROKU VICR
NFLX QRVO ALDR SINA OSTK .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2887.29, low 2885.99, high 2907.58
Internals are negative by 3 to 1
Oil UP 32 cents
Gold UP $9.20
Canadian $ Down 14 tick @ .6760
VIX UP 11.80% @ 20.09
Portfolio AMD BZUN CIEN CRON FB TSLA
Most stocks are down
@ 2.24 PM following are green ;
BZUN AEM GLD LRCX WB ROKU VICR
NFLX QRVO ALDR SINA OSTK .....
BLOG does NOT give buy or sell.
Saleem
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