Indices closed down again and near low of the day. S&P 500 closed down 9 straight day, first time since 1980, a 36 year record. reason being election, election & election in US. Oil also closed lower.
S&P 500 @ 2085.18, low 2083.79, high 2099.07
RSI @ 28.26
CMF @ -0.286
Internals were :
UP volume led by 1.02 to 1 in NYSE & .91 to 1 in Nasdaq
Advancing stocks led by 1.06 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 49 in NYSE & 122 in Nasdaq
VIX UP 1.95% @ 22.51
Oil @ $44.07
Gold @ $1304.50
Canadian $ @ .6588
Stocks which closed green included AKS CRM GWPH KORS
FB TSLA ZYNE TRIL TWTR LULU OLED UA LVS
SBUX FNSR SWN TK FEYE WB LNG YELP
SPWR FCX WYNN TRIP MLNX DATA
SWIR AAL X PANW....
Here is my portfolio weighting :
AAPL 20.71%
CMG 18.80%
VRX 18.25%
CNQ 15.57%
BIDU 12.77%
TWLO 8.41%
AMD 5.49%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, November 4, 2016
Thursday, November 3, 2016
Indices closed down .16% to .92%....
Indices closed down.
S&P 500 @ 2088.66, low 2085.23, high 2102.56
RSI @ 29.14
CMF @ -0.251
Internals were :
Down volume led by 1.29 to 1 in NYSE & 2.42 to 1 in Nasdaq
Declining stocks led by 1.52 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk lows were leading by 92 in NYSE & 195 in Nasdaq
VIX UP 14.29% @ 22.08
Oil @ $44.66
Gold @ $1303.30
AH ER..QRVO Down 10.34%, GPRO Down 19.92%
TWLO reported a beat in Q3 Sales and EPS and guided UP in Q4 Sales and EPS...it was rewarded with further $3 per share loss in AH......but after excellent conference call, it ended AH session down only 1.84%.....
Here is the actual result Q3 Sales expectations $66.79 million.
actual Sales $71.5 million, EPS expected loss 8 cents, actual EPS loss 4 cents.
Q4 Sales guidance expected $68.98 million, guiding $72.5 to $74.5 million, EPS expected loss of 6 cents, guiding loss of 5 cents......nothing is good enough these days......
AH Futures UP
AH Asian markets Down
AH Oil & Gold UP
About market, TAPE has been slaughtered irrespective of stocks, look @ RSI of 29.14 in S&P 500, only @ major bottom. This is more than ridiculous in terms of being deeply oversold, a major bounce is imminent, which even this crazy election cannot postpone it. All i have done, is to ensure, that my diversified portfolio is ready for any bounce and then will build from there. This relentless selling in all stocks makes no sense. Buy quality stocks @ today's level. There is a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2088.66, low 2085.23, high 2102.56
RSI @ 29.14
CMF @ -0.251
Internals were :
Down volume led by 1.29 to 1 in NYSE & 2.42 to 1 in Nasdaq
Declining stocks led by 1.52 to 1 in NYSE & 1.91 to 1 in Nasdaq
Net new 52 wk lows were leading by 92 in NYSE & 195 in Nasdaq
VIX UP 14.29% @ 22.08
Oil @ $44.66
Gold @ $1303.30
AH ER..QRVO Down 10.34%, GPRO Down 19.92%
TWLO reported a beat in Q3 Sales and EPS and guided UP in Q4 Sales and EPS...it was rewarded with further $3 per share loss in AH......but after excellent conference call, it ended AH session down only 1.84%.....
Here is the actual result Q3 Sales expectations $66.79 million.
actual Sales $71.5 million, EPS expected loss 8 cents, actual EPS loss 4 cents.
Q4 Sales guidance expected $68.98 million, guiding $72.5 to $74.5 million, EPS expected loss of 6 cents, guiding loss of 5 cents......nothing is good enough these days......
AH Futures UP
AH Asian markets Down
AH Oil & Gold UP
About market, TAPE has been slaughtered irrespective of stocks, look @ RSI of 29.14 in S&P 500, only @ major bottom. This is more than ridiculous in terms of being deeply oversold, a major bounce is imminent, which even this crazy election cannot postpone it. All i have done, is to ensure, that my diversified portfolio is ready for any bounce and then will build from there. This relentless selling in all stocks makes no sense. Buy quality stocks @ today's level. There is a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .01% to .64%.....
Indices are following a familiar pattern of a very weak TAPE, start green and lose it all, then go towards low of the day. Oil is down again and election playing a decisive role in market direction.
S&P 500 @ 2092.05, low 2091.01, high 2102.56
Internals are negative
Oil Down 90 cents
Gold Down $6.00
Canadian $ UP 3 tick @ .6615
VIX UP 8.95% @ 21.05
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.31 following are green :
BIDU CMG TCK AKS NTES QRVO CTRP ABX KGC
OLED EXPE FFIV FNSR CHK RIG LNG WB FCX
ZG GS TRIP ORCL SLW AEM CRUS X M.....
After close TWLO reports, here are the expectations :
Sales $66.77 million, EPS loss of 8 cents
Guidance next Q Sales $69.69 million, EPS loss of 6 cents
This is a new IPO, it has crashed from high of $70.96, last trade $32.87
Hard to tell, what is going on in this stock......AH should reveal....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2092.05, low 2091.01, high 2102.56
Internals are negative
Oil Down 90 cents
Gold Down $6.00
Canadian $ UP 3 tick @ .6615
VIX UP 8.95% @ 21.05
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.31 following are green :
BIDU CMG TCK AKS NTES QRVO CTRP ABX KGC
OLED EXPE FFIV FNSR CHK RIG LNG WB FCX
ZG GS TRIP ORCL SLW AEM CRUS X M.....
After close TWLO reports, here are the expectations :
Sales $66.77 million, EPS loss of 8 cents
Guidance next Q Sales $69.69 million, EPS loss of 6 cents
This is a new IPO, it has crashed from high of $70.96, last trade $32.87
Hard to tell, what is going on in this stock......AH should reveal....
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 2, 2016
Indices closed down .43% to .93%....
Indices closed down.
S&P 500 @ 2097.94, low 2094.00, high 2111.76
RSI @ 31.59
CMF @ -0.190
Internals were :
Down volume led by 4.19 to 1 in NYSE & 2.38 to 1 in Nasdaq
Declining stocks led by 3.22 to 1 in NYSE & 2.82 to 1 in Nasdaq
Net new 52 wk lows were leading by 87 in NYSE & 153 in Nasdaq
VIX UP 4.09% @ 19.32
Oil @ $45.34
Gold @ $1308.20
AH ER...FB Down 7.05%, FIT Down 29.66%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE has been deeply oversold, based on all normal metrics, but, this is election fear gripping this TAPE. RSI is telling us many stocks are screaming buy, as they all have broken down technically. IF you have very good understanding of certain quality stocks, then it may be the time to buy or hold it, till sentiment change. Sentiment may turn into euphoria on November 9th. Markets on occasion, does not make sense, but, this is what we get in unpredictable election. Patience and conviction gets tested in these situation. Do not lose hope.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2097.94, low 2094.00, high 2111.76
RSI @ 31.59
CMF @ -0.190
Internals were :
Down volume led by 4.19 to 1 in NYSE & 2.38 to 1 in Nasdaq
Declining stocks led by 3.22 to 1 in NYSE & 2.82 to 1 in Nasdaq
Net new 52 wk lows were leading by 87 in NYSE & 153 in Nasdaq
VIX UP 4.09% @ 19.32
Oil @ $45.34
Gold @ $1308.20
AH ER...FB Down 7.05%, FIT Down 29.66%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE has been deeply oversold, based on all normal metrics, but, this is election fear gripping this TAPE. RSI is telling us many stocks are screaming buy, as they all have broken down technically. IF you have very good understanding of certain quality stocks, then it may be the time to buy or hold it, till sentiment change. Sentiment may turn into euphoria on November 9th. Markets on occasion, does not make sense, but, this is what we get in unpredictable election. Patience and conviction gets tested in these situation. Do not lose hope.
BLOG does NOT give buy or sell.
Saleem
Indices down .44% to .83%.....
Indices are @ low of the day on election jitters. Fed staying put for now., Oil continues its slump.
S&P 500 @ 2098.61, low 2094.00, high 2111.76
Internals are negative by 3 to 1
Oil Down $1.54
Gold UP $19.80
Canadian $ Down 1 tick @ .6611
VIX UP 4.09% @ 19.32
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.22 following are green :
CMG AAPL AKS TRIL TWTR LULU UA SBUX
FNSR YELP CIEN ZG AGU MLNX MCD
SLW ABX AEM AAL M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2098.61, low 2094.00, high 2111.76
Internals are negative by 3 to 1
Oil Down $1.54
Gold UP $19.80
Canadian $ Down 1 tick @ .6611
VIX UP 4.09% @ 19.32
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.22 following are green :
CMG AAPL AKS TRIL TWTR LULU UA SBUX
FNSR YELP CIEN ZG AGU MLNX MCD
SLW ABX AEM AAL M.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 1, 2016
Indices closed down .58% to .69%.....
Indices closed down.
S&P 500 @ 2111.72, low 2097.85, high 2131.45
RSI @ 35.73
CMF @ -0.156
Internals were :
Down volume led by 2.31 to 1 in NYSE & 2.58 to 1 in Nasdaq
Declining stocks led by 3.21 to 1 in NYSE & 2.29 to 1 in Nasdaq
Net new 52 wk lows were leading by 60 in NYSE & 117 in Nasdaq
VIX UP 8.79% @ 18.56
Oil @ $46.67
Gold @ $1288.00
AH ER...DATA Down 8.97%, Z Down 1.42%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure as polls creating uncertainty and oil going lower. Market is also worried about situation like " i do not accept result of this rigged election, because i am not elected"...this was articulated many many times...hanging chad or not, but this is going to be rough. Indices and leading stocks are all under 50 DMA, which is telling us, it is entering a rough patch. Try to survive until, all is clear on election front.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2111.72, low 2097.85, high 2131.45
RSI @ 35.73
CMF @ -0.156
Internals were :
Down volume led by 2.31 to 1 in NYSE & 2.58 to 1 in Nasdaq
Declining stocks led by 3.21 to 1 in NYSE & 2.29 to 1 in Nasdaq
Net new 52 wk lows were leading by 60 in NYSE & 117 in Nasdaq
VIX UP 8.79% @ 18.56
Oil @ $46.67
Gold @ $1288.00
AH ER...DATA Down 8.97%, Z Down 1.42%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure as polls creating uncertainty and oil going lower. Market is also worried about situation like " i do not accept result of this rigged election, because i am not elected"...this was articulated many many times...hanging chad or not, but this is going to be rough. Indices and leading stocks are all under 50 DMA, which is telling us, it is entering a rough patch. Try to survive until, all is clear on election front.
BLOG does NOT give buy or sell.
Saleem
Indices down .78% to 1.10%.....
Indices are @ low of the day on new polling numbers, Oil is lower also.
S&P 500 @ 2105.05, low 2097.85, high 2131.45
Internals are negative by almost 5 to 1 in NYSE & almost 3 to 1 in Nasdaq
Oil Down 62 cents
Gold UP $18.90
Canadian $ UP 24 tick @ .6616
VIX UP 19.34% @ 20.36
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.37 following are green :
TWLO VRX TCK CRM QRVO SPLK ABX ZYNE
TRIL LVS KGC CSIQ SINA FEYE WB FSLR
WYNN COH DATA SLW AEM CRUS M...
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2105.05, low 2097.85, high 2131.45
Internals are negative by almost 5 to 1 in NYSE & almost 3 to 1 in Nasdaq
Oil Down 62 cents
Gold UP $18.90
Canadian $ UP 24 tick @ .6616
VIX UP 19.34% @ 20.36
Portfolio AMD AAPL BIDU CNQ CMG TWLO VRX
Most stocks are down
@ 2.37 following are green :
TWLO VRX TCK CRM QRVO SPLK ABX ZYNE
TRIL LVS KGC CSIQ SINA FEYE WB FSLR
WYNN COH DATA SLW AEM CRUS M...
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)