Indices are mixed on cross current of oversold condition and Chinese total tariff threat, Dow is taking a rest while technology showing life.
S&P 500 @ 2878.39, high 2886.93, low 2875.94
Internals are positive.
Oil Down 12 cents
Gold UP 30 cents
Canadian $ unchanged @ .6846
VIX Down 4.77% @ 14.17
Portfolio BZUN CRUS FB HUYA IQ NXPI SQ
Most stocks are UP
@ 1.46 PM following are down :
BZUN CRUS HUYA IQ AAPL BABA BIDU BILI
CTRP JKS MOMO MRVL QRVO WB YY ALDR
LNG SINA ABX GG.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 10, 2018
Sunday, September 9, 2018
Indices pulled back after making all time highs.....
Last 7 trading days have been a complete reversal from new all time highs.
It has been down days for 5 out of 7 trading days for SPX
Nasdaq has been down 5 out of 6 trading days
Dow has fared the best, it has been down only 3 of 7 trading days.
Here is a look @ RSI :
Dow 59.09
S&P 500 53.64
RUT 51.96
Nasdaq 48.68
SOX 45.59
GLD 44.66
XLE 38.37
TAN 33.49
IF we look @ RSI Dow, S&P 500 & RUT look healthy still.
Nasdaq and SOX are the weakest among leading indices / sectors
GLD, XLE & TAN remained weakest of all sectors.
Nasdaq has seen weakness as memory pricing showing weakness which has hit chip equipment sectors quite hard.
FB is the weakest, GOOG is also losing momentum.
MSFT NFLX are @ support
SQ, AMD seems to be in great demand by investors / traders as their business cycles is showing momentum....
OKTA PANW had great week
All in all this TAPE has become extremely narrow and selective and should be played accordingly.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
It has been down days for 5 out of 7 trading days for SPX
Nasdaq has been down 5 out of 6 trading days
Dow has fared the best, it has been down only 3 of 7 trading days.
Here is a look @ RSI :
Dow 59.09
S&P 500 53.64
RUT 51.96
Nasdaq 48.68
SOX 45.59
GLD 44.66
XLE 38.37
TAN 33.49
IF we look @ RSI Dow, S&P 500 & RUT look healthy still.
Nasdaq and SOX are the weakest among leading indices / sectors
GLD, XLE & TAN remained weakest of all sectors.
Nasdaq has seen weakness as memory pricing showing weakness which has hit chip equipment sectors quite hard.
FB is the weakest, GOOG is also losing momentum.
MSFT NFLX are @ support
SQ, AMD seems to be in great demand by investors / traders as their business cycles is showing momentum....
OKTA PANW had great week
All in all this TAPE has become extremely narrow and selective and should be played accordingly.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, September 7, 2018
Indices closed down .22% to .31%.....
Indices closed down despite good Jobs data but Trump is ready for another $200+++ billion tariff for China, that dampened the spirit of traders.
S&P 500 @ 2871.68, low 2864.12, high 2883.81
RSI @ 53.64
CMF @ 0.109
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 2.23 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk low were leading by 104 in NYSE & highs by 22 in Nasdaq
VIX UP 1.57% @ 14.88
Oil @ $67.75
Gold @ $1200.40
Canadian $ @ .6827
Stocks which were UP 1% or more included SQ
BABA BILI CSIQ EXPE MOMO OLED WB
PANW ROKU FEYE LNG FNSR OSTK
ABX AEM ULTA TSM......
Here is my portfolio weighting :
BZUN 20.10%
SQ 17.20%
FB 15.60%
HUYA 14.50%
NXPI 11.30%
IQ 11.00%
CRUS 10.30%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2871.68, low 2864.12, high 2883.81
RSI @ 53.64
CMF @ 0.109
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.21 to 1 in Nasdaq
Declining stocks led by 2.23 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk low were leading by 104 in NYSE & highs by 22 in Nasdaq
VIX UP 1.57% @ 14.88
Oil @ $67.75
Gold @ $1200.40
Canadian $ @ .6827
Stocks which were UP 1% or more included SQ
BABA BILI CSIQ EXPE MOMO OLED WB
PANW ROKU FEYE LNG FNSR OSTK
ABX AEM ULTA TSM......
Here is my portfolio weighting :
BZUN 20.10%
SQ 17.20%
FB 15.60%
HUYA 14.50%
NXPI 11.30%
IQ 11.00%
CRUS 10.30%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Thursday, September 6, 2018
Indices closed mixed.....
Indices closed mixed.
S&P 500 @ 2878.05, low 2867.29, high 2892.05
RSI @ 56.17
CMF @ 0.090
Internals were:
Down volume led by 1.66 to 1 in NYSE & 2.31 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk low were leading by 35 in NYSE & highs by 19 in Nasdaq
VIX UP 5.32% @ 14.65
Oil @ $67.77
Gold @ $1204.30
AH news.. OKTA UP 14.95%, MRVL 7.35%
PANW UP 6.12%..
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE has become extremely sloppy with leaders showing weakness, Chips stocks took a beating when MU spoke about weak pricing, chip equipment makers were the other big casualty. FB showing weakness based on earnings cut @ many brokerage. Friday @ 8.30 its all about Jobs 188, 000 is expectations, we may miss this number. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2878.05, low 2867.29, high 2892.05
RSI @ 56.17
CMF @ 0.090
Internals were:
Down volume led by 1.66 to 1 in NYSE & 2.31 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk low were leading by 35 in NYSE & highs by 19 in Nasdaq
VIX UP 5.32% @ 14.65
Oil @ $67.77
Gold @ $1204.30
AH news.. OKTA UP 14.95%, MRVL 7.35%
PANW UP 6.12%..
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE has become extremely sloppy with leaders showing weakness, Chips stocks took a beating when MU spoke about weak pricing, chip equipment makers were the other big casualty. FB showing weakness based on earnings cut @ many brokerage. Friday @ 8.30 its all about Jobs 188, 000 is expectations, we may miss this number. On Friday's there is only a closing BLOG around 7 PM.
BLOG does NOT give buy or sell.
Saleem
Indices down .34% to 1.13%.....
Indices are lower again on trade uncertainty. Nasdaq is sharply lower as analysts are bearish on Semiconductor sector, FB is getting near support.
S&P 500 @ 2874.04, low 2867.29, high 2892.05
Internals are negative by 2 to 1
Oil UP 8 cents
Gold UP $9.00
Canadian $ Down 16 tick @ .6811
VIX UP 3.59% @ 14.41
In my portfolio bought SQ @ $87.60
Portfolio BZUN CRUS FB HUYA IQ NXPI SQ
Most stocks are down.
@ 2.07 PM following are green :
CRUS SQ CIEN FFIV CTRP NFLX SPLK TSLA
ROKU GPRO MA MCD ABX KORS NKE KBH
CMG V X.....
BLOG does NOT give buy or sell.
Special thanks to Stocktrader who did a great closing commentary while I was away, his wrap up was in depth and detail oriented covering many aspect of market.and its internals.
Saleem
S&P 500 @ 2874.04, low 2867.29, high 2892.05
Internals are negative by 2 to 1
Oil UP 8 cents
Gold UP $9.00
Canadian $ Down 16 tick @ .6811
VIX UP 3.59% @ 14.41
In my portfolio bought SQ @ $87.60
Portfolio BZUN CRUS FB HUYA IQ NXPI SQ
Most stocks are down.
@ 2.07 PM following are green :
CRUS SQ CIEN FFIV CTRP NFLX SPLK TSLA
ROKU GPRO MA MCD ABX KORS NKE KBH
CMG V X.....
BLOG does NOT give buy or sell.
Special thanks to Stocktrader who did a great closing commentary while I was away, his wrap up was in depth and detail oriented covering many aspect of market.and its internals.
Saleem
Wednesday, September 5, 2018
Sold AMD $29.25...
Sold AMD in pre market @$29.25
Portfolio BZUN CRUS FB HUYA IQ NXPI
BLOG does NOT give buy or sell.
Saleem
Portfolio BZUN CRUS FB HUYA IQ NXPI
BLOG does NOT give buy or sell.
Saleem
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