Indices are down & near low of the day, after opening substantially higher.
S&P 500 @ 1956.64, low 1955.82, high 1988.63
Internals are negative by almost 2 to 1
Oil Down $1.53
Gold Down $14.50
Canadian $ Down 27 tick @ 67.69, Central bank kept interest rate unchanged @ .5%
VIX UP .36% @ 24.99
In my portfolio :
Bought CNQ @ $20.84
Portfolio CNQ FB FIT GPRO LULU RAD TSL VDSI
Most stocks are down
@ 2.39 following are green :
FB FIT VDSI NFLX YHOO LNKD BIDU TSLA PCLN
GOOGL BABA AMZN YELP CSIQ CRUS AAL
GMCR MGA Z GS MLNX.....
Before open LULU reports on Thursday, here are the expectations :
Q2 Sales $445.76 million, EPS 33 cents
Q3 expectations Sales $478.40 million, EPS 43 cents
Expecting a beat.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 9, 2015
Tuesday, September 8, 2015
Indices closed UP 2.42% to 2.73%....NICE !!!!
Indices closed UP
S&P 500 @ 1969.41, high 1970.42, low 1927.30
RSI @ 45.06
CMF @ -0.048
Internals were :
UP volume led by 9.91 to 1 in NYSE & 8.17 to 1 in Nasdaq
Advancing stocks led by 3.78 to 1 in NYSE & 3.31 to 1 in Nasdaq
Net new 52 wk lows were leading by 18 in NYSE & highs by 18 in Nasdaq ( not a typo )
VIX Down 10.43% @ 24.90
Oil @ $45.94
Gold @ $1121.00
Stocks which were UP 1% or more FB FIT GPRO TSL
FEYE YY LNKD BIDU TSLA PCLN GOOGL MU
AAPL SWIR NXPI COH LEN JKS CSIQ SINA
DNKN EXPE CMG YUM FFIV MA V FSLR
SPWR HIMX CRUS SNDK AMCC LSCC
CIEN C M SPLK SBUX MCD STLD
ABX SLW CCJ DATA CSOD
MGA MS CNQ BRCM GS
WYNN LVS AGU
MLNX.......
AH ER...PLAY UP 9.42%, TTPH Down 78.32%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE defied many bears who were extremely vocal with their charts and low low target for market, many perma bears have exit prediction business as they are perpetually wrong, they only see downside especially near lows. Shanghai took off in a big way by close last night despite poor trade data, German trade data was robust. All indices are still below 50 & 200 DMA, these levels needs to be conquered to confirm this sharp turn. Internals improved with high volume & we closed @ high of the day, a sign of good things to come.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1969.41, high 1970.42, low 1927.30
RSI @ 45.06
CMF @ -0.048
Internals were :
UP volume led by 9.91 to 1 in NYSE & 8.17 to 1 in Nasdaq
Advancing stocks led by 3.78 to 1 in NYSE & 3.31 to 1 in Nasdaq
Net new 52 wk lows were leading by 18 in NYSE & highs by 18 in Nasdaq ( not a typo )
VIX Down 10.43% @ 24.90
Oil @ $45.94
Gold @ $1121.00
Stocks which were UP 1% or more FB FIT GPRO TSL
FEYE YY LNKD BIDU TSLA PCLN GOOGL MU
AAPL SWIR NXPI COH LEN JKS CSIQ SINA
DNKN EXPE CMG YUM FFIV MA V FSLR
SPWR HIMX CRUS SNDK AMCC LSCC
CIEN C M SPLK SBUX MCD STLD
ABX SLW CCJ DATA CSOD
MGA MS CNQ BRCM GS
WYNN LVS AGU
MLNX.......
AH ER...PLAY UP 9.42%, TTPH Down 78.32%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE defied many bears who were extremely vocal with their charts and low low target for market, many perma bears have exit prediction business as they are perpetually wrong, they only see downside especially near lows. Shanghai took off in a big way by close last night despite poor trade data, German trade data was robust. All indices are still below 50 & 200 DMA, these levels needs to be conquered to confirm this sharp turn. Internals improved with high volume & we closed @ high of the day, a sign of good things to come.
BLOG does NOT give buy or sell.
Saleem
Indices UP 2.07% to 2.26%....NICE !!!!
Germany trade data and hope for stimulus in China is propelling this TAPE higher, currently its @ high of the day.
S&P 500 @ 1960.91, high 1961.28, low 1927.30
Internals are positive by almost 4 to 1
Oil UP 6 cents
Gold Down 30 cents
Canadian $ UP 1.02 cent @ 67.96, Central Bank to decide on interest rate on Wednesday.....i think they hold rate..no change !!!
VIX Down 9.75% @ 25.09
Portfolio FB FIT GPRO LULU RAD TSL VDSI
Most stocks are UP
@ 2.37 following are red :
NFLX AMBA BABA TWTR YHOO EBAY YELP
QIHU X GG AEM .....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1960.91, high 1961.28, low 1927.30
Internals are positive by almost 4 to 1
Oil UP 6 cents
Gold Down 30 cents
Canadian $ UP 1.02 cent @ 67.96, Central Bank to decide on interest rate on Wednesday.....i think they hold rate..no change !!!
VIX Down 9.75% @ 25.09
Portfolio FB FIT GPRO LULU RAD TSL VDSI
Most stocks are UP
@ 2.37 following are red :
NFLX AMBA BABA TWTR YHOO EBAY YELP
QIHU X GG AEM .....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 6, 2015
Are markets in serious trouble ?
There are many technicians who are extremely worried about this market.....
IBD saying " market in correction "
Louise Yamada saying we are going down to 1600 in S&P 500
Many pundits are expecting a test of low of 1867.01 in S&P 500 and we go way lower....
Some courageous technicians are saying that we test S&P 500 low, then go slightly lower and turn back UP......
Currently S&P 500 is sitting @ 1921.22..IF we take Louise Yamada and many others expectations, we have another 321 points or 16.7% more to go on the downside......
Can any of the above "know it all " can be right or even close to being correct " is the question we all are pondering......
What i have observed lately, that DOW is in serious trouble and looks the weakest......
What i noted with Friday's close that in last 8 trading days we did not violate "1867.01 "
Also we tested support 3 times and made "higher close "
IS this telling us something ?
NOT to many observers, they are looking @ a "major woosh down on Monday"
Also i like to point out that many Nasdaq stocks are showing sign of life and have found bottom, they are old leaders like AMZN , PCLN......
I know....most of us do not own AMZN & PCLN ..so it may not mean much, but leadership matters and strength matters....
SOX is also behaving better technically, so is RUT.....all holding support
SOX & RUT are a very good indicator of things to come in Nasdaq
SO...my conclusion is market is in a basing pattern and may break on the upside with one good news out of China or Fed...
One more thing Bears and Bulls are only 1% apart 26.8% vs 27.8%...that is lower than 2008 to 2009 lows.....a very strong contrary indicator.......means too many traders / professionals believe that market are going lower and are already positioned for it.....so there may not be many sellers left ?
I have positioned myself with patience and conviction and hoping it will pay off sooner or later.....
Good luck with your own analysis and comfort level, it is important to sleep well vs taking undue risk based on your own profile as a trader / investor.
BLOG does NOT give buy or sell.
Saleem
IBD saying " market in correction "
Louise Yamada saying we are going down to 1600 in S&P 500
Many pundits are expecting a test of low of 1867.01 in S&P 500 and we go way lower....
Some courageous technicians are saying that we test S&P 500 low, then go slightly lower and turn back UP......
Currently S&P 500 is sitting @ 1921.22..IF we take Louise Yamada and many others expectations, we have another 321 points or 16.7% more to go on the downside......
Can any of the above "know it all " can be right or even close to being correct " is the question we all are pondering......
What i have observed lately, that DOW is in serious trouble and looks the weakest......
What i noted with Friday's close that in last 8 trading days we did not violate "1867.01 "
Also we tested support 3 times and made "higher close "
IS this telling us something ?
NOT to many observers, they are looking @ a "major woosh down on Monday"
Also i like to point out that many Nasdaq stocks are showing sign of life and have found bottom, they are old leaders like AMZN , PCLN......
I know....most of us do not own AMZN & PCLN ..so it may not mean much, but leadership matters and strength matters....
SOX is also behaving better technically, so is RUT.....all holding support
SOX & RUT are a very good indicator of things to come in Nasdaq
SO...my conclusion is market is in a basing pattern and may break on the upside with one good news out of China or Fed...
One more thing Bears and Bulls are only 1% apart 26.8% vs 27.8%...that is lower than 2008 to 2009 lows.....a very strong contrary indicator.......means too many traders / professionals believe that market are going lower and are already positioned for it.....so there may not be many sellers left ?
I have positioned myself with patience and conviction and hoping it will pay off sooner or later.....
Good luck with your own analysis and comfort level, it is important to sleep well vs taking undue risk based on your own profile as a trader / investor.
BLOG does NOT give buy or sell.
Saleem
Friday, September 4, 2015
Indices closed down 1.05% to 1.66%.....
Indices were under renewed selling pressure after jobs report came much weaker than expected, it did not matter, futures were sharply lower before jobs report and continued lower until open.
S&P 500 @ 1921.22, low 1911.21, high 1947.78
RSI @ 37.19
CMF @ -0.055
Internals were :
Down volume led by 10.04 to 1 in NYSE & 3.49 to 1 in Nasdaq
Declining stocks led by 3.20 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk lows were leading by 124 in NYSE & 46 in Nasdaq
VIX UP 8.55% @ 27.80
Oil @ $46.05
Gold @ $1121.40
Canadian $ @ 67.19, Canadian jobs report came in better than expected.
Stocks which closed UP included FB LULU RAD
AMBA LNKD PCLN MU YELP HIMX
GMCR GG AEM MLNX...
In my portfolio :
Added 30% GPRO @ $37.09
Added 100% TSL @ $8.50
Added 200% FIT @ $31.61
Here is my weighting :
LULU 27.26%
FB 26.06%
GPRO 13.10%
RAD 10.41%
FIT 8.50%
VDSI 8.14%
TSL 6.53%
Exposure 295%
Next post by 2 PM on Sunday.
Enjoy this long weekend !
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1921.22, low 1911.21, high 1947.78
RSI @ 37.19
CMF @ -0.055
Internals were :
Down volume led by 10.04 to 1 in NYSE & 3.49 to 1 in Nasdaq
Declining stocks led by 3.20 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk lows were leading by 124 in NYSE & 46 in Nasdaq
VIX UP 8.55% @ 27.80
Oil @ $46.05
Gold @ $1121.40
Canadian $ @ 67.19, Canadian jobs report came in better than expected.
Stocks which closed UP included FB LULU RAD
AMBA LNKD PCLN MU YELP HIMX
GMCR GG AEM MLNX...
In my portfolio :
Added 30% GPRO @ $37.09
Added 100% TSL @ $8.50
Added 200% FIT @ $31.61
Here is my weighting :
LULU 27.26%
FB 26.06%
GPRO 13.10%
RAD 10.41%
FIT 8.50%
VDSI 8.14%
TSL 6.53%
Exposure 295%
Next post by 2 PM on Sunday.
Enjoy this long weekend !
BLOG does NOT give buy or sell.
Saleem
Thursday, September 3, 2015
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 1951.13, high 1975.01, low 1944.72
RSI @ 40.53
CMF @ -0.023
Internals were :
UP volume led by 2.44 to 1 in NYSE & 1.29 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk lows were leading by 19 in NYSE & 4 in Nasdaq
VIX Down 1.84% @ 25.61
Oil @ $46.75
Gold @ $1124.50
Stocks which closed green included RAD
YY YHOO BIDU BABA TWTR NXPI COH
MU LVS LEN JKS CSIQ SINA DNKN CMG SU
EBAY FFIV MA V FSLR SPWR HIMX SNDK AMCC
CIEN FNSR C OTEX M GMCR SPLK CCJ CSOD MGA Z
BRCM WYNN GS AGU MLNX......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE battled jobs jitter whole day and closed mixed. Jobs are expected to be 225,000 which should be easily attainable, it is being dubbed as the most critical jobs report, i do not see any significance of this report, all jobs report has been in 200K+ range and fed is already committed to raising rate this year, a well known fact. I believe this jobs report will be a non event and market may close higher.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1951.13, high 1975.01, low 1944.72
RSI @ 40.53
CMF @ -0.023
Internals were :
UP volume led by 2.44 to 1 in NYSE & 1.29 to 1 in Nasdaq
Advancing stocks led by 1.84 to 1 in NYSE & 1.04 to 1 in Nasdaq
Net new 52 wk lows were leading by 19 in NYSE & 4 in Nasdaq
VIX Down 1.84% @ 25.61
Oil @ $46.75
Gold @ $1124.50
Stocks which closed green included RAD
YY YHOO BIDU BABA TWTR NXPI COH
MU LVS LEN JKS CSIQ SINA DNKN CMG SU
EBAY FFIV MA V FSLR SPWR HIMX SNDK AMCC
CIEN FNSR C OTEX M GMCR SPLK CCJ CSOD MGA Z
BRCM WYNN GS AGU MLNX......
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE battled jobs jitter whole day and closed mixed. Jobs are expected to be 225,000 which should be easily attainable, it is being dubbed as the most critical jobs report, i do not see any significance of this report, all jobs report has been in 200K+ range and fed is already committed to raising rate this year, a well known fact. I believe this jobs report will be a non event and market may close higher.
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed currently after losing majority of morning gains, Job growth of 225K is making many nervous of Fed move.
S&P 500 @ 1954.99, high 1975.01, low 1947.84
Internals are positive by 2 to 1 in NYSE & by 200 in Nasdaq
Oil UP 20 cents
Gold Down $10.00
Canadian $ UP 69 tick @ 68.06, trade data was better than expected.
VIX Down 1.72% @ 25.64
In my portfolio :
Added 30% GPRO @ $40.11
Portfolio FB FIT GPRO LULU RAD TSL VDSI
Most stocks are UP
@ 2.36 following are red :
FB FIT GPRO LULU TSL VDSI NFLX AMBA FEYE
LNKD TSLA GOOGL AAPL SWIR AMZN QIHU
NFLX AAL SBUX X STLD ABX GG AEM
DATA Z TRIP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1954.99, high 1975.01, low 1947.84
Internals are positive by 2 to 1 in NYSE & by 200 in Nasdaq
Oil UP 20 cents
Gold Down $10.00
Canadian $ UP 69 tick @ 68.06, trade data was better than expected.
VIX Down 1.72% @ 25.64
In my portfolio :
Added 30% GPRO @ $40.11
Portfolio FB FIT GPRO LULU RAD TSL VDSI
Most stocks are UP
@ 2.36 following are red :
FB FIT GPRO LULU TSL VDSI NFLX AMBA FEYE
LNKD TSLA GOOGL AAPL SWIR AMZN QIHU
NFLX AAL SBUX X STLD ABX GG AEM
DATA Z TRIP......
BLOG does NOT give buy or sell.
Saleem
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