Indices are down despite 10 year rate is down to 3.154%.
S&P 500 @ 2757.26, low 2745.46, high 2795.14
Internals are negative up to 2 to 1
Oil Down $1.99
Gold UP $34.30
Canadian $ UP 44 tick @ .6978
VIX UP 1.05% @ 23.20
Portfolio AMD ESTC FB HEXO.TO
Most stocks are down
@ 1.57 PM following are UP by 1% or more :
AMD FB HEXO.TO SPLK MTCH HUYA BZUN BILI
CTRP GOOG MOMO MRVL MU OLED PANW
QRVO LNG WYNN TRIP MGA ABX AEM
MSFT SWKS GG CMG X CNX....
BLOG does NOT give buy or sell.
Saleem
Thursday, October 11, 2018
Wednesday, October 10, 2018
Indices closed down 3.15% to 4.08%......
Indices closed down.
S&P 500 @ 2785.68, low 2784.86, high 2874.02
RSI @ 22.97
CMF @ -0.205
Internals were :
Down volume led by 9.91 to 1 in NYSE & 7.25 to 1 in Nasdaq
Declining stocks led by 7.23 to 1 in NYSE & 7.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 630 in NYSE & 313 in Nasdaq
VIX UP 43.95% @ 22.96
Oil @ $73.17
Gold @ $1193.40
AH news....SQ Down 10.34%, TER Down 4.44%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was horrible and we closed @ low of the day, Internals were extremely negative, internals have been giving indication of deterioration for a while.OK ...so where we go from here, in my analysis of RSI Nasdaq is deeply oversold @ RSI of 21.14, careful buying in high quality stocks can be done @ open.Nasdaq is below 200 DMA again an deeply oversold situation. There may be more weakness in DOW as RSI is still high @ 33.54, S&P 500 also looks deeply oversold @ 22.97.Both Dow and S&P 500 are above 200 DMA and may dip below @ open.Expecting a sharp V bottom after open.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2785.68, low 2784.86, high 2874.02
RSI @ 22.97
CMF @ -0.205
Internals were :
Down volume led by 9.91 to 1 in NYSE & 7.25 to 1 in Nasdaq
Declining stocks led by 7.23 to 1 in NYSE & 7.05 to 1 in Nasdaq
Net new 52 wk lows were leading by 630 in NYSE & 313 in Nasdaq
VIX UP 43.95% @ 22.96
Oil @ $73.17
Gold @ $1193.40
AH news....SQ Down 10.34%, TER Down 4.44%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was horrible and we closed @ low of the day, Internals were extremely negative, internals have been giving indication of deterioration for a while.OK ...so where we go from here, in my analysis of RSI Nasdaq is deeply oversold @ RSI of 21.14, careful buying in high quality stocks can be done @ open.Nasdaq is below 200 DMA again an deeply oversold situation. There may be more weakness in DOW as RSI is still high @ 33.54, S&P 500 also looks deeply oversold @ 22.97.Both Dow and S&P 500 are above 200 DMA and may dip below @ open.Expecting a sharp V bottom after open.
BLOG does NOT give buy or sell.
Saleem
Indices down 1.52% to 1.97%.....
Indices are lower on higher 10 year yield @ 3.235%, technology is weakest due to lower earnings prediction due to lower orders in semiconductor equipment.
S&P 500 2833.66, low 2829.53, high 2874.02
Internals are negative by up to 4 to 1
Oil Down $1.59
Gold UP $1.50
Canadian $ Down 57 tick @ .6998
VIX UP 18.37% @ 18.88
Portfolio AMD ESTC FB HEXO.TO
Most stocks are down
@ 2.04 PM following are green :
FSLR TLRY MU SPWR MCD ABX AEM
GG M.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 2833.66, low 2829.53, high 2874.02
Internals are negative by up to 4 to 1
Oil Down $1.59
Gold UP $1.50
Canadian $ Down 57 tick @ .6998
VIX UP 18.37% @ 18.88
Portfolio AMD ESTC FB HEXO.TO
Most stocks are down
@ 2.04 PM following are green :
FSLR TLRY MU SPWR MCD ABX AEM
GG M.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 9, 2018
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2880.34, low 2874.27, high 2894.83
RSI @ 42.61
CMF @ -0.130
Internals were :
Down volume led by 1.37 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.13 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 259 in NYSE & 130 in Nasdaq
VIX Down 1.66% @ 15.95
Oil 2 $74.96
Gold @ $1191.50
AH news....NIO UP 9.88%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was UP then Down but closed Mixed. 10 year yield was lower @ 3.214%. Chinese economic weakness and lower growth for world economies created uncertainty in market. Internals were weak S&P 500 closed below 50 DMA. Nasdaq was the only index closing in green, which may be a good sign for bulls.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2880.34, low 2874.27, high 2894.83
RSI @ 42.61
CMF @ -0.130
Internals were :
Down volume led by 1.37 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.13 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 259 in NYSE & 130 in Nasdaq
VIX Down 1.66% @ 15.95
Oil 2 $74.96
Gold @ $1191.50
AH news....NIO UP 9.88%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was UP then Down but closed Mixed. 10 year yield was lower @ 3.214%. Chinese economic weakness and lower growth for world economies created uncertainty in market. Internals were weak S&P 500 closed below 50 DMA. Nasdaq was the only index closing in green, which may be a good sign for bulls.
BLOG does NOT give buy or sell.
Saleem
Indices down .10% to .21%.....
Indices are lower after being higher after open, 10 year rates are lower @ 3.216.
S&P 500 @ 2879.83, low 2874.27, high 2894.83
Internals are mostly negative
Oil UP 58 cents
Gold UP $2.40
Canadian $ UP 26 tick @ .7063
VIX UP 2.36% @ 16.05
Portfolio AMD FB ESTC HEXO.TO
Most stocks are lower
@ 1.57 PM following are green :
AMD ESTC FB BZUN AAPL AMZN NTNX ALDR
CHK RIG FEYE TWTR JKS WYNN AAPL MCD
MSFT ULTA CNX......
BLOG Does NOT give buy or sell.
Saleem
S&P 500 @ 2879.83, low 2874.27, high 2894.83
Internals are mostly negative
Oil UP 58 cents
Gold UP $2.40
Canadian $ UP 26 tick @ .7063
VIX UP 2.36% @ 16.05
Portfolio AMD FB ESTC HEXO.TO
Most stocks are lower
@ 1.57 PM following are green :
AMD ESTC FB BZUN AAPL AMZN NTNX ALDR
CHK RIG FEYE TWTR JKS WYNN AAPL MCD
MSFT ULTA CNX......
BLOG Does NOT give buy or sell.
Saleem
Monday, October 8, 2018
Indices closed mixed......
Indices closed mixed.
S&P 500 @ 2884.43, low 2862.08, high 2889.45
RSI @ 44.12
CMF @ -0.084
Internals were :
Down volume led by .50 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 358 in NYSE & 180 in Nasdaq
VIX UP 5.87% @ 15.69
Oil @ $74.29
Gold @ $1188.60
AH news...PZZA UP 8.29%, YNDX Down 4.62%
PPG Down 9.21%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure again due to Chinese economic weakness and 10 yr yield remaining high. TAPE did erase most of the losses by close, only Dow closed green. We may need another test of support in all indices. Revamping portfolio to reflect stronger stocks may not be a bad idea.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2884.43, low 2862.08, high 2889.45
RSI @ 44.12
CMF @ -0.084
Internals were :
Down volume led by .50 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 358 in NYSE & 180 in Nasdaq
VIX UP 5.87% @ 15.69
Oil @ $74.29
Gold @ $1188.60
AH news...PZZA UP 8.29%, YNDX Down 4.62%
PPG Down 9.21%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure again due to Chinese economic weakness and 10 yr yield remaining high. TAPE did erase most of the losses by close, only Dow closed green. We may need another test of support in all indices. Revamping portfolio to reflect stronger stocks may not be a bad idea.
BLOG does NOT give buy or sell.
Saleem
Indices down .34% to 1.20%.....
Indices are lower on concern about slowing Chinese economy and 10 year yield staying @ 3.233%, S&P 500 has made a lower low and below 50 DMA.
S&P 500 @ 2872.34, low 2862.08, high 2888.87
Internals are mostly negative
Oil Down 21 cents
Gold Down $16.80
Canadian $ Down 24 tick @ .7041
Portfolio AMD ESTC FB HYYDF
Most stocks are down
@ 1.57 PM following are green :
HYYDF KORS GE VICR ACBFF CGC IQ CRUS
CHK TK RIG MGA MCD ULTA KBH CNX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2872.34, low 2862.08, high 2888.87
Internals are mostly negative
Oil Down 21 cents
Gold Down $16.80
Canadian $ Down 24 tick @ .7041
Portfolio AMD ESTC FB HYYDF
Most stocks are down
@ 1.57 PM following are green :
HYYDF KORS GE VICR ACBFF CGC IQ CRUS
CHK TK RIG MGA MCD ULTA KBH CNX....
BLOG does NOT give buy or sell.
Saleem
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