Indices are lower on concern over Tax reform delay.
S&P 500 @ 2579.11, low 2566.33, high 2586.50
Internals are negative by 2 to 1
Oil UP 47 cents
Gold UP $3.60
Canadian $ UP 50 tick @ .7326
VIX UP 11.45% @ 10.90
In my portfolio Added 75% SHOP @ $96.66
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are down
@ 2.12 following are green :
WB VRX SQ LULU MOMO TWTR GG KGC LEN
SU FFIV PCLN CHK TK WYNN TRIP ULTA
KORS NKE CMG M.....
BLOG does NOT give buy or sell.
Saleem
Thursday, November 9, 2017
Wednesday, November 8, 2017
Indices closed UP .03% to .32%....NICE !!!!
Indices closed UP.
S&P 500 @ 2594.38, high 2595.47, low 2585.02
RSI @ 72.51
CMF @ 0.185
Internals were :
UP volume led by 1.03 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.04 to 1 in NYSE & .95 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & 34 in Nasdaq
VIX Down 1.11% @ 9.78
Oil @ $56.81
Gold @ $1283.70
AH news...ROKU UP 28.29%, OPK Down 9.3%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE is showing resiliency still by closing near high of the day. Internals are getting weaker looking @ breadth of the market and new highs & lows. This market is defying overbought conditions for a while, which makes me nervous. I have been @ reduced exposure for few months. TAX reform has been holding this market UP, it is expected by end of this week, will it be sell the news, only time will tell.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2594.38, high 2595.47, low 2585.02
RSI @ 72.51
CMF @ 0.185
Internals were :
UP volume led by 1.03 to 1 in NYSE & 1.17 to 1 in Nasdaq
Advancing stocks led by 1.04 to 1 in NYSE & .95 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & 34 in Nasdaq
VIX Down 1.11% @ 9.78
Oil @ $56.81
Gold @ $1283.70
AH news...ROKU UP 28.29%, OPK Down 9.3%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE is showing resiliency still by closing near high of the day. Internals are getting weaker looking @ breadth of the market and new highs & lows. This market is defying overbought conditions for a while, which makes me nervous. I have been @ reduced exposure for few months. TAX reform has been holding this market UP, it is expected by end of this week, will it be sell the news, only time will tell.
BLOG does NOT give buy or sell.
Saleem
Indices UP .03% to .25%....NICE !!!!
Indices are higher after struggling a bit @ open. Indices are high of the day despite lower oil
S&P 500 @ 2593.63, high 2594.04, low 2585.02
Internals are negative
Oil Down 42 cents
Gold UP $7.70
Canadian $ UP 47 tick @ .7275
VIX Down 1.21% @ 9.80
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are down
@ 2.24 PM following are green :
CTRP WB VRX LULU MCHP NTES JD FCX
SPWR TECK LEN QRVO SINA RIG FSLR
CIEN TRIP MLNX AEM SPLK SWKS....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2593.63, high 2594.04, low 2585.02
Internals are negative
Oil Down 42 cents
Gold UP $7.70
Canadian $ UP 47 tick @ .7275
VIX Down 1.21% @ 9.80
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are down
@ 2.24 PM following are green :
CTRP WB VRX LULU MCHP NTES JD FCX
SPWR TECK LEN QRVO SINA RIG FSLR
CIEN TRIP MLNX AEM SPLK SWKS....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 7, 2017
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2590.64, low 2584.35, high 2597.02
RSI @ 71.11
CMF @ 0.191
Internals were:
Down volume led by 1.54 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 2.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 101 in NYSE & 73 in Nasdaq
VIX UP 5.21% @ 9.89
Oil @ $57.20
Gold @ $1275.80
AH news...JNPR UP 16.12%, AAOI UP 4.54%
SNAP Down 17.13%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE reversed after opening higher & making new all time high on Intraday basis, Dow closed green. Internals were negative today for the most part. PCLN & TRIP caused the most damage on poor earnings report. Again we must watch how we close, to get the direction right in this overbought environment.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2590.64, low 2584.35, high 2597.02
RSI @ 71.11
CMF @ 0.191
Internals were:
Down volume led by 1.54 to 1 in NYSE & 1.10 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 2.50 to 1 in Nasdaq
Net new 52 wk highs were leading by 101 in NYSE & 73 in Nasdaq
VIX UP 5.21% @ 9.89
Oil @ $57.20
Gold @ $1275.80
AH news...JNPR UP 16.12%, AAOI UP 4.54%
SNAP Down 17.13%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE reversed after opening higher & making new all time high on Intraday basis, Dow closed green. Internals were negative today for the most part. PCLN & TRIP caused the most damage on poor earnings report. Again we must watch how we close, to get the direction right in this overbought environment.
BLOG does NOT give buy or sell.
Saleem
Indices down .05% to .28%....
Indices are slightly lower, on overbought condition.
S&P 500 @ 2588.51, low 2584.35, high 2597.02
Internals are negative
Oil Down 17 cents
Gold Down $5.79
Canadian $ Down 81 tick @ .7117
VIX UP 6.38% @ 10.00
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are down
@ 2.04 PM following are green :
AMD TSLA NVDA GOOG AMZN JD OLED
SNAP MU VRX TWTR LVS LEN YUM
KBH LRCX.....
WB ER was a beat on Sales and EPS
Guidance was also higher than expected
But the stock is being played around by ?
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2588.51, low 2584.35, high 2597.02
Internals are negative
Oil Down 17 cents
Gold Down $5.79
Canadian $ Down 81 tick @ .7117
VIX UP 6.38% @ 10.00
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are down
@ 2.04 PM following are green :
AMD TSLA NVDA GOOG AMZN JD OLED
SNAP MU VRX TWTR LVS LEN YUM
KBH LRCX.....
WB ER was a beat on Sales and EPS
Guidance was also higher than expected
But the stock is being played around by ?
BLOG does NOT give buy or sell.
Saleem
Monday, November 6, 2017
Indices closed UP .04% to .33%....NICE !!!!
Indices closed UP.
S&P 500 @ 2591.13, high 2593.38, low 2585.66
RSI @ 71.55
CMF @ 0.198
Internals were :
UP volume led by 1.73 to 1 in NYSE & 1.88 to 1 in Nasdaq
Advancing stocks led by 1.40 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 116 in NYSE & 114 in Nasdaq
VIX UP 2.84% @ 9.40
Oil @ $57.35
Gold @ $1281.60
Stocks which were UP 2% or more included AMD WB
BABA NTES BZUN OLED TECK FCX UA LEN
QRVO VRX CHK TK RIG LNG FSLR MLNX
AEM CRUS SWKS KORS KBH......
AH news...PCLN Down 9.35%, EXPE Down 2.10%
WTW UP 8.93%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was in green @ close with Nasdaq making new all time high, merger news and higher oil were the big catalyst. Internals were positive. Many stock participated in this rally. Earnings so far has been good overall, this may explain buying momentum. Keep an eye how we close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2591.13, high 2593.38, low 2585.66
RSI @ 71.55
CMF @ 0.198
Internals were :
UP volume led by 1.73 to 1 in NYSE & 1.88 to 1 in Nasdaq
Advancing stocks led by 1.40 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 116 in NYSE & 114 in Nasdaq
VIX UP 2.84% @ 9.40
Oil @ $57.35
Gold @ $1281.60
Stocks which were UP 2% or more included AMD WB
BABA NTES BZUN OLED TECK FCX UA LEN
QRVO VRX CHK TK RIG LNG FSLR MLNX
AEM CRUS SWKS KORS KBH......
AH news...PCLN Down 9.35%, EXPE Down 2.10%
WTW UP 8.93%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE was in green @ close with Nasdaq making new all time high, merger news and higher oil were the big catalyst. Internals were positive. Many stock participated in this rally. Earnings so far has been good overall, this may explain buying momentum. Keep an eye how we close on Tuesday.
BLOG does NOT give buy or sell.
Saleem
Indices UP .09% to .37%...NICE !!!!
Indices are higher on merger related activity in chip sector AVGO going after QCOM, could be the biggest takeover. Nasdaq @ new all time high, all indices near high of the day.
S&P 500 @ 2591.09, high 2591.56, low 2585.66
Oil UP $1.39
Gold UP $13.10
Canadian $ UP 36 tick @ .7275
VIX UP 3.94% @ 9.50
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are UP
@ 1.00 PM following are red :
CTRP TSLA GOOG FNSR OCLR MOMO SNAP
MU SWIR TWTR COH DNKN EXPE PCLN
GS DATA MGA ULTA LRCX ....
WB reports before open Tuesday, here are expectations :
Sales $285.68 million, EPS 45 cents
Guidance next Q Sales $319.26, EPS 54 cents
WB has beaten repeatedly, expect the same.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2591.09, high 2591.56, low 2585.66
Oil UP $1.39
Gold UP $13.10
Canadian $ UP 36 tick @ .7275
VIX UP 3.94% @ 9.50
Portfolio AMD CTRP SHOP TSLA WB
Most stocks are UP
@ 1.00 PM following are red :
CTRP TSLA GOOG FNSR OCLR MOMO SNAP
MU SWIR TWTR COH DNKN EXPE PCLN
GS DATA MGA ULTA LRCX ....
WB reports before open Tuesday, here are expectations :
Sales $285.68 million, EPS 45 cents
Guidance next Q Sales $319.26, EPS 54 cents
WB has beaten repeatedly, expect the same.
BLOG does NOT give buy or sell.
Saleem
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