Indices closed mixed.
S&P 500 @ 2399.63, high 2399.74, low 2392.79
RSI @ 64.91
CMF @ 0.119
Internals were :
UP volume led by 3.04 to 1 in NYSE & 1.37 to 1 in Nasdaq
Advancing stocks led by 1.89 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new 52 wk highs were leading by 95 in NYSE & 98 in Nasdaq
VIX UP 2.51% @ 10.21
Oil @ $47.33
Gold @ $1218.90
Stocks which were UP 1% or more included CNQ CY OCLR
KGC SLW AEM GG NTES TSLA FNSR OLED NVDA
MU NFLX CTRP WB AMD NFLX SINA VRX CHK
LNG FEYE FSLR SPWR COH SU CMG CNX.....
AH ER :
NTES UP 3.57%
CTRP Down 4.24%
CUDA Down 10.81%
SNAP Down 23.06%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE overcame personnel change @ FBI, indices closed near high of the day, Nasdaq closed @ new all time high. Internals were strong. Most leaders were higher which bodes well to the health of this TAPE. Oil needs to confirm this uptick by confirming this up move, needs to close green on Thursday.
BLOG does NOT give buy or sell.
Saleem
Wednesday, May 10, 2017
Indices mixed....
Indices are mixed after being down earlier on Comey's news. Oil is strong today on lower than expected inventory. Indices are near high of the day.
S&P 500 @ 2398.16, high 2399.64, low 2392.79
Internals are positive by mostly 2 to 1.
Oil UP $1.71
Gold UP $2.90
Canadian $ UP 34 tick @ .6335
VIX UP .30% @ 9.99
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.18 following are red :
FB GOOG BABA AAPL AMZN UA SBUX LEN
CSIQ PCLN YELP WYNN MLNX ORCL MGA
KORS NKE OPK PANW LRCX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2398.16, high 2399.64, low 2392.79
Internals are positive by mostly 2 to 1.
Oil UP $1.71
Gold UP $2.90
Canadian $ UP 34 tick @ .6335
VIX UP .30% @ 9.99
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.18 following are red :
FB GOOG BABA AAPL AMZN UA SBUX LEN
CSIQ PCLN YELP WYNN MLNX ORCL MGA
KORS NKE OPK PANW LRCX....
BLOG does NOT give buy or sell.
Saleem
Tuesday, May 9, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2396.92, low 2392.44, high 2403.87
RSI @ 63.73
CMF @ 0.110
Internals were :
UP volume led by .80 to 1 in NYSE & 1.38 to 1 in Nasdaq
Advancing stocks led by .77 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 140 in NYSE & 106 in Nasdaq
VIX UP 1.94% @ 9.96
Oil @ $45.88
Gold @ $1216.10
Stocks which were UP 2% or more included CY OCLR
TSLA FNSR BABA MU CTRP WB VRX BIDU M
JKS CSIQ SPWR WYNN OPK AAL.....
AH ER :
TRIP UP 6.03%
NVDA UP 10.51%
PCLN Down 3.46%
ACIA Down 14.98%
YELP Down 28.27%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed its resiliency and upward bias despite lower oil. Nasdaq closed @ a new all time high, while S&P 500 made a new all time high on an intraday basis. Earnings were mostly positive AH. Breaking news was the ouster of FBI Director Comey, a surprise news for sure, markets do not like surprises like that. Hopefully by close we should recover.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2396.92, low 2392.44, high 2403.87
RSI @ 63.73
CMF @ 0.110
Internals were :
UP volume led by .80 to 1 in NYSE & 1.38 to 1 in Nasdaq
Advancing stocks led by .77 to 1 in NYSE & 1.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 140 in NYSE & 106 in Nasdaq
VIX UP 1.94% @ 9.96
Oil @ $45.88
Gold @ $1216.10
Stocks which were UP 2% or more included CY OCLR
TSLA FNSR BABA MU CTRP WB VRX BIDU M
JKS CSIQ SPWR WYNN OPK AAL.....
AH ER :
TRIP UP 6.03%
NVDA UP 10.51%
PCLN Down 3.46%
ACIA Down 14.98%
YELP Down 28.27%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE showed its resiliency and upward bias despite lower oil. Nasdaq closed @ a new all time high, while S&P 500 made a new all time high on an intraday basis. Earnings were mostly positive AH. Breaking news was the ouster of FBI Director Comey, a surprise news for sure, markets do not like surprises like that. Hopefully by close we should recover.
BLOG does NOT give buy or sell.
Saleem
Indices mixed.....
Indices are mixed on continued selling in oil. VIX level is worrying lot of traders. S&P 500 and Nasdaq made a new all time high intraday. Indices are @ low of the day.
S&P 500 @2397.98, low 2396.09, high 2403.87.
Internals are mixed, NYSE negative while Nasdaq positive.
Oil Down 50 cents
Gold Down $11.20
Canadian $ Down 34 tick @ .6278......14 months low against US$
VIX UP 1.02% @ 9.87...VIX made a new 52 wk low today @ 9.56
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.30 following are red :
CNQ FB GOOG GG TECK ABX MA SU YUM
CHK RIG LNG YELP GS SWIR CSOD ORCL
SLW AEM X CNX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @2397.98, low 2396.09, high 2403.87.
Internals are mixed, NYSE negative while Nasdaq positive.
Oil Down 50 cents
Gold Down $11.20
Canadian $ Down 34 tick @ .6278......14 months low against US$
VIX UP 1.02% @ 9.87...VIX made a new 52 wk low today @ 9.56
Portfolio CNQ CY FB OCLR
Most stocks are UP
@ 2.30 following are red :
CNQ FB GOOG GG TECK ABX MA SU YUM
CHK RIG LNG YELP GS SWIR CSOD ORCL
SLW AEM X CNX.....
BLOG does NOT give buy or sell.
Saleem
Monday, May 8, 2017
Indices closed UP 0.0 to 0.03....NICE !!!!
Indices closed UP.
S&P 500 @ 2399.38, high 2401.36, low 2393.92
RSI @ 65.58
CMF @ 0.111
Internals were :
Down volume led by 1.18 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 115 in NYSE & 112 in Nasdaq
VIX Down 7.57% @ 9.77
Oil @ $46.43
Gold @ $1227.10
AH ER....OTEX Down 9.65%
HTZ Down 17.30%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE faced mild selling on sell the news of Macron victory, in the end all indices closed green. Internals were mixed. Day like today is very encouraging after a strong Friday. Stay the course with strong behaving stocks like front line technology stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2399.38, high 2401.36, low 2393.92
RSI @ 65.58
CMF @ 0.111
Internals were :
Down volume led by 1.18 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new 52 wk highs were leading by 115 in NYSE & 112 in Nasdaq
VIX Down 7.57% @ 9.77
Oil @ $46.43
Gold @ $1227.10
AH ER....OTEX Down 9.65%
HTZ Down 17.30%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE faced mild selling on sell the news of Macron victory, in the end all indices closed green. Internals were mixed. Day like today is very encouraging after a strong Friday. Stay the course with strong behaving stocks like front line technology stocks.
BLOG does NOT give buy or sell.
Saleem
Indices down .03% to .05%.....
Indices are lower on mild profit taking due to Macron victory. S&P 500 finally peaked over previous all time high today, Nasdaq also made a new all time high, both intraday.
S&P 500 @ 2397.85, low 2393.92, high 2401.36
Internals are negative
Oil UP 6 cents
Gold UP 79 cents
Canadian $ Down 39 tick @ .6311
VIX Down 8.04% @ 9.72....9.70 today is new 52 wk low....
In my portfolio Added 30% CY @ $13.21
Portfolio CNQ CY FB OCLR
Most stocks are down
@ 2.29 following are green :
CNQ FB OCLR NTES BABA OLED AMZN AAPL
CTRP WB BAC GOOG COH TSLA SINA FFIV
CHK FSLR CSIQ TRIP MLNX SWIR MGA
SU KORS NKE KBH AAL CNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2397.85, low 2393.92, high 2401.36
Internals are negative
Oil UP 6 cents
Gold UP 79 cents
Canadian $ Down 39 tick @ .6311
VIX Down 8.04% @ 9.72....9.70 today is new 52 wk low....
In my portfolio Added 30% CY @ $13.21
Portfolio CNQ CY FB OCLR
Most stocks are down
@ 2.29 following are green :
CNQ FB OCLR NTES BABA OLED AMZN AAPL
CTRP WB BAC GOOG COH TSLA SINA FFIV
CHK FSLR CSIQ TRIP MLNX SWIR MGA
SU KORS NKE KBH AAL CNX....
BLOG does NOT give buy or sell.
Saleem
Sunday, May 7, 2017
Dow, Sox & Russell ready to hit new highs......
Nasdaq & S&P 500 closed @ new all time high on Friday......
Dow, RUT & SOX are ready to reach that milestone, here is the breakdown of how far they have to go to make it in record books :
Dow........194 points away
Russell 30 points away
SOX 14 points away
With centrist Macron victory in bag in France, indices should rally hard.
This has been an incredible rally, Nasdaq being the-best performer since 5034.41 back on election eve ...now it has rallied 1068.31 points which is 21.22% in 6 months......
S&P 500 has rallied 15.22% in 4 months, last 2 months S&P 500 has been basing and is ready to run higher.......
Many stocks are making series of new all time highs, they are big caps Nasdaq stocks like AMZN, GOOG, FB, AAPL,NFLX,TSLA.
Stock picking has been more erratic as one stock can sink the whole portfolio, a good example is AMD 25% slump for my portfolio......
BUT...we all have to keep faith in our stock picking ability, as they have given us many many winners this year alone.
Sometimes we are lucky and avoid earnings related slump like in CY & BIDU......
Despite, some setbacks, we are given chance by this TAPE to regroup and work on our stock picking ability.
TAX reforms are coming to US, which should help stocks again....
Financial reforms will help banks in a big way
Fed raising rates in June, will boost banks further
Thus many catalysts are working in favor of equities.
Chinese latest regulation to monitor / regulate / control search and social media may hurt BIDU WB SINA based on their business model.
It is good to monitor legislation or controls as and when they are announced.
We are all set to make series of new highs in the week ahead.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
Dow, RUT & SOX are ready to reach that milestone, here is the breakdown of how far they have to go to make it in record books :
Dow........194 points away
Russell 30 points away
SOX 14 points away
With centrist Macron victory in bag in France, indices should rally hard.
This has been an incredible rally, Nasdaq being the-best performer since 5034.41 back on election eve ...now it has rallied 1068.31 points which is 21.22% in 6 months......
S&P 500 has rallied 15.22% in 4 months, last 2 months S&P 500 has been basing and is ready to run higher.......
Many stocks are making series of new all time highs, they are big caps Nasdaq stocks like AMZN, GOOG, FB, AAPL,NFLX,TSLA.
Stock picking has been more erratic as one stock can sink the whole portfolio, a good example is AMD 25% slump for my portfolio......
BUT...we all have to keep faith in our stock picking ability, as they have given us many many winners this year alone.
Sometimes we are lucky and avoid earnings related slump like in CY & BIDU......
Despite, some setbacks, we are given chance by this TAPE to regroup and work on our stock picking ability.
TAX reforms are coming to US, which should help stocks again....
Financial reforms will help banks in a big way
Fed raising rates in June, will boost banks further
Thus many catalysts are working in favor of equities.
Chinese latest regulation to monitor / regulate / control search and social media may hurt BIDU WB SINA based on their business model.
It is good to monitor legislation or controls as and when they are announced.
We are all set to make series of new highs in the week ahead.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
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