Indices were weak @ close.
S&P 500 @ 1785.03, low 1783.38
RSI @ 52.87
CMF @ 0.124
Internals were :
Down volume led by 2.11 to 1 in NYSE & 1.45 to 1 in Nasdaq
Declining stocks led by 1.92 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk lows were leading by 77 in NYSE & highs 45 in Nasdaq
VIX UP 2.59% @ 15.08, high today 15.38
Oil @ $97.38
Gold @ $1231.90
AH News :
JCP Down 3.62%, RALY Down 11.55%, ULTA Down 17.95%
FNSR UP 6.02%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, it is all about jobs report @ 8.30 AM, i am expecting 200K+++ which may trigger selling. Friday may not be the day to "buy the dip". This Taper is signalling a "change in direction" for interest rates, 10 yr is already @ 2.875% which closed near high of the day of 2.88%. As we have seen that good news about economy is bad news for market, this new focus may take longer to digest. We have been down for five straight day's, there is a chance that we may not stop @ six in going down.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 5, 2013
Indices down .25% to .47%.....
Indices are negative as stronger GDP data is pointing to Taper.
S&P 500 @ 1784.66, low 1784.35
Internals are negative
Oil UP 26 cents
Gold Down $21.40
Canadian $ UP 26 tick @ 93.95
VIX UP 4.29% @ 15.33
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are down
@ 2.58 following are green :
SB BLOX EXPE TSLA LUV KORS
AAPL LULU TWTR YHOO CMG
EBAY LNKD LVS MA YNDX
CRUS BRCM AMCC CIEN
FNSR SPLK SBUX STLD
X WUBA CSOD WLT
Z WYNN RALY
MLNX...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1784.66, low 1784.35
Internals are negative
Oil UP 26 cents
Gold Down $21.40
Canadian $ UP 26 tick @ 93.95
VIX UP 4.29% @ 15.33
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are down
@ 2.58 following are green :
SB BLOX EXPE TSLA LUV KORS
AAPL LULU TWTR YHOO CMG
EBAY LNKD LVS MA YNDX
CRUS BRCM AMCC CIEN
FNSR SPLK SBUX STLD
X WUBA CSOD WLT
Z WYNN RALY
MLNX...
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 4, 2013
Indices closed mixed.....
Indices tried to rally but closed mixed.
S&P 500 @ 1792.81, low 1779.09
RSI @ 57.56
CMF @ 0.175
Internals were :
UP volume led by 1.01 to 1 in NYSE & 1.02 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk lows were leading by 27 in NYSE & gains by 66 in Nasdaq
VIX UP 1.03% @ 14.70..high today @ 15.71
Oil @ $97.20
Gold @ $1247.20
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE continues to deteriorate , so far S&P 500 has lost 1.9%, Nasdaq 1.6%. I expect weakness to continue on Thursday. Friday may not be much better.Jobs report on Friday is expected to show Job growth of 180K, i am expecting 200K+++ which may spook this market. Most pundit expects 200K Job growth will trigger Taper. I am still expecting Taper in January 2014. Close on Thursday may reflect ongoing jitter about fear of strong job growth.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1792.81, low 1779.09
RSI @ 57.56
CMF @ 0.175
Internals were :
UP volume led by 1.01 to 1 in NYSE & 1.02 to 1 in Nasdaq
Declining stocks led by 1.65 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk lows were leading by 27 in NYSE & gains by 66 in Nasdaq
VIX UP 1.03% @ 14.70..high today @ 15.71
Oil @ $97.20
Gold @ $1247.20
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE continues to deteriorate , so far S&P 500 has lost 1.9%, Nasdaq 1.6%. I expect weakness to continue on Thursday. Friday may not be much better.Jobs report on Friday is expected to show Job growth of 180K, i am expecting 200K+++ which may spook this market. Most pundit expects 200K Job growth will trigger Taper. I am still expecting Taper in January 2014. Close on Thursday may reflect ongoing jitter about fear of strong job growth.
BLOG does NOT give buy or sell.
Saleem
Indices are down .31% to .42%....
Indices are down again.....Fed beige book showing moderate growth which is helping indices to recoup losses quickly.
S&P 500 @ 1787.66, low 1779.09
Internals are negative minimum 2 to 1
Oil UP $1.09
Gold UP $24.80
Canadian $ Down 35 tick @ 93.58
VIX UP 3.44% @ 15.05
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are red
@ 2.08 following are green :
JKS SINA AUY SLW KOG BIDU FB
GOOG TWTR TSL YHOO CSIQ
LNKD YUM LVS FFIV FSLR
GMCR AMCC CIEN FNSR
PANW STLD EGO GG
AEM WUBA CSOD
SPWR TRLA GS
WYNN AGU
YELP...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1787.66, low 1779.09
Internals are negative minimum 2 to 1
Oil UP $1.09
Gold UP $24.80
Canadian $ Down 35 tick @ 93.58
VIX UP 3.44% @ 15.05
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are red
@ 2.08 following are green :
JKS SINA AUY SLW KOG BIDU FB
GOOG TWTR TSL YHOO CSIQ
LNKD YUM LVS FFIV FSLR
GMCR AMCC CIEN FNSR
PANW STLD EGO GG
AEM WUBA CSOD
SPWR TRLA GS
WYNN AGU
YELP...
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 3, 2013
Indices closed down .20% to .59%......
Indices were down again.
S&P 500 @ 1795.15, low 1787.85
RSI @ 59.02
CMF @ 0.171
Internals were :
Down volume led by 2.0 to 1 in NYSE & 1.59 to 1 in Nasdaq
Declining stocks led by 1.59 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & highs by 56 in Nasdaq
VIX UP 2.25% @ 14.55
Oil @ $96.04
Gold @ $1220.80
AH News :
OVTI Down 12.51%, JCP UP 3.86%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
About market, internals continue to deteriorate which means TAPE needs to stabilize first before a firm support is found. As we have not corrected for eight weeks, it is a fair assumption that we are in one of those infrequent pullbacks. Participants are extremely anxious for Friday's jobs report which may keep a lid on any meaningful advance. Normally buying on weakness is a desirable strategy but it may be prudent to wait until Friday's TAPE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1795.15, low 1787.85
RSI @ 59.02
CMF @ 0.171
Internals were :
Down volume led by 2.0 to 1 in NYSE & 1.59 to 1 in Nasdaq
Declining stocks led by 1.59 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new 52 wk lows were leading by 35 in NYSE & highs by 56 in Nasdaq
VIX UP 2.25% @ 14.55
Oil @ $96.04
Gold @ $1220.80
AH News :
OVTI Down 12.51%, JCP UP 3.86%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
About market, internals continue to deteriorate which means TAPE needs to stabilize first before a firm support is found. As we have not corrected for eight weeks, it is a fair assumption that we are in one of those infrequent pullbacks. Participants are extremely anxious for Friday's jobs report which may keep a lid on any meaningful advance. Normally buying on weakness is a desirable strategy but it may be prudent to wait until Friday's TAPE.
BLOG does NOT give buy or sell.
Saleem
Indices down .35% to .70%......
Indices are under pressure after many weeks of gains.
S&P 500 @ 1792.11, low 1787.85
Internals are negative by 2 to 1
Oil UP $2.13
Gold Down $1.40
Canadian $ Down 12 tick @ 93.47
VIX UP 5.41% @ 15.00
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are down
@ 2.39 following are green :
ARUN QIHU MU TSLA AAPL GOOG TWTR
SU EBAY CSIQ LVS GRPN CRUS GMCR
LRCX X AEM M JCP WLT RALY...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1792.11, low 1787.85
Internals are negative by 2 to 1
Oil UP $2.13
Gold Down $1.40
Canadian $ Down 12 tick @ 93.47
VIX UP 5.41% @ 15.00
Portfolio ARUN JKS QIHU SINA AUY
Most stocks are down
@ 2.39 following are green :
ARUN QIHU MU TSLA AAPL GOOG TWTR
SU EBAY CSIQ LVS GRPN CRUS GMCR
LRCX X AEM M JCP WLT RALY...
BLOG does NOT give buy or sell.
Saleem
Monday, December 2, 2013
Indices closed down .27% to .48%.....
Indices closed near low of the day.
S&P 500 @ 1800.90, low 1798.60, high 1810.02
RSI @ 62.65
CMF @ 0.198
Internals were :
Down volume led by 2.12 to 1 in NYSE & 1.46 to 1 in Nasdaq
Declining stocks led by 2.60 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 126 in Nasdaq
VIX UP 3.87% @ 14.23
Oil @ $93.82
Gold @ $1221.90
AH ER KKD Down 13.81%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, last forty five minutes of trading saw a downward push, weak close is not a good omen for Tuesday's TAPE action. I am expecting another weak close based on weak internals. Nasdaq had moved into overbought territory followed by S&P 500, that was the trigger for last hour weakness. We may see technical rebound on Wednesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1800.90, low 1798.60, high 1810.02
RSI @ 62.65
CMF @ 0.198
Internals were :
Down volume led by 2.12 to 1 in NYSE & 1.46 to 1 in Nasdaq
Declining stocks led by 2.60 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 126 in Nasdaq
VIX UP 3.87% @ 14.23
Oil @ $93.82
Gold @ $1221.90
AH ER KKD Down 13.81%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, last forty five minutes of trading saw a downward push, weak close is not a good omen for Tuesday's TAPE action. I am expecting another weak close based on weak internals. Nasdaq had moved into overbought territory followed by S&P 500, that was the trigger for last hour weakness. We may see technical rebound on Wednesday.
BLOG does NOT give buy or sell.
Saleem
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