Indices closed UP.
S&P 500 @ 2842.74, high 2844.24, low 2797.85
RSI @ 53.22
CMF @ 0.091
Internals were :
UP volume led by .84 to 1 in NYSE & 1.99 to 1 in Nasdaq
Advancing stocks led by .92 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk lows were leading by 1 in NYSE & highs were leading by 4 in Nasdaq
VIX Down 3.28% @ 35.97
Oil @ $20.39
Gold @ $1713.30
Canadian $ @ .5914
Portfolio AAL CIEN CNX CLDR DDOG MGM MU SU
Stocks which closed UP 1% or more included CIEN CNX DDOG
CCL JD AMD APA MSFT SHOP NVDA TSLA SNAP ROKU
CHK OSTK KBH X....
AH Tuesday SU reports, here are the expectations :
Q 1 Sales $7.54 billion, EPS from loss of 22 cents to profit of 50 cents
Guidance Q 2 Sales $7.03 billion, EPS from loss to gain of 36 cents
SU is a fully integrated Oil company of Canada from exploration to refining to retail gas stations under the banner of Petro Canada.....
SU remains my best idea for long term holding..expecting good thing going forward....
This earnings report may mark the low point...thus UP UP from here!
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under pressure due to Warren Buffett remarks, after opening sharply lower Nasdaq showed green first and other major indices followed, thus all green close and @ high of the day. Message of the market was " Warren you are too cautious "....Expect a robust Tuesday especially Oil stocks.
BLOG does NOT give buy or sell.
Saleem
Monday, May 4, 2020
Sunday, May 3, 2020
Buffett may pull this market down....
Warren Buffett losing 50 billion in this slump has eroded his confidence in this TAPE...
It just proves that even the-best investor in the world can have a bad month or even a year.....
BUT we have to be ready for his remarks and its after affects .....
Buffett does not see bargain...this may trigger selling in an overbought market......
After looking @ charts of DOW, S&P & Nasdaq......this is very obvious :
DOW ready to plunge below 50 DMA on open...its only 1.1% away...
S&P 500 may dip 2.55%
Nasdaq may dip 5.26%......
S&P 500 & Nasdaq have little room before it test or plunge below 50 DMA.....
OK what to focus on to avoid full impact on Buffett selling...
First thing first...reduce exposure....means sell @ open...
Write covered call....
Focus on sectors which are ripe to reverse......
Oil looks ready to reverse.....
Nat Gas looking better...
Casino stocks may improve....
Biotechs may have reached severe overbought conditions.....be careful there.....
Warren Buffett do carry lot of weight...so do not underestimate his feelings about this TAPE....
Good luck with your own thesis and comfort level.
BLOG does NOT give buy or sell.
Saleem
It just proves that even the-best investor in the world can have a bad month or even a year.....
BUT we have to be ready for his remarks and its after affects .....
Buffett does not see bargain...this may trigger selling in an overbought market......
After looking @ charts of DOW, S&P & Nasdaq......this is very obvious :
DOW ready to plunge below 50 DMA on open...its only 1.1% away...
S&P 500 may dip 2.55%
Nasdaq may dip 5.26%......
S&P 500 & Nasdaq have little room before it test or plunge below 50 DMA.....
OK what to focus on to avoid full impact on Buffett selling...
First thing first...reduce exposure....means sell @ open...
Write covered call....
Focus on sectors which are ripe to reverse......
Oil looks ready to reverse.....
Nat Gas looking better...
Casino stocks may improve....
Biotechs may have reached severe overbought conditions.....be careful there.....
Warren Buffett do carry lot of weight...so do not underestimate his feelings about this TAPE....
Good luck with your own thesis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, May 1, 2020
Indices closed down 2.55% to 3.20%.....
Indices closed down on poor earnings and renewed threat of duties against China by USA.....what else is new.....Market does not like surprises in the middle of earnings season and COVID-19 pandemic so down we went and closed near low of the day.
S&P 500 @ 2830.71, low 2821.61, high 2869.09
RSI @ 52.53
CMF @ 0.036
Internals were :
Down volume led by 9.64 to 1 in NYSE & 2.81 to 1 in Nasdaq
Declining stocks led by 5.26 to 1 in NYSE & 4.38 to 1 in Nasdaq
Net new 52 wk lows were leading by 6 in NYSE & highs by 1 in Nasdaq
VIX UP 8.9% @ 37.19
Oil @ $19.78
Gold @ $1700.90
Canadian $ @ .5896
In my portfolio :
Sold AMD @ $50.71
Sold TWTR @ $27.65
Bought MGM @ $15.60......all 3 trades in pre market
Stocks which closed green included CIEN
MRNA NEM AEM.....
Here is my portfolio weighting :
SU 18.41%
MU 16.91%
CIEN 14.91%
CNX 13.61%
MGM 12.07%
AAL 11.41%
DDOG 8.44%
CLDR 4.24%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2830.71, low 2821.61, high 2869.09
RSI @ 52.53
CMF @ 0.036
Internals were :
Down volume led by 9.64 to 1 in NYSE & 2.81 to 1 in Nasdaq
Declining stocks led by 5.26 to 1 in NYSE & 4.38 to 1 in Nasdaq
Net new 52 wk lows were leading by 6 in NYSE & highs by 1 in Nasdaq
VIX UP 8.9% @ 37.19
Oil @ $19.78
Gold @ $1700.90
Canadian $ @ .5896
In my portfolio :
Sold AMD @ $50.71
Sold TWTR @ $27.65
Bought MGM @ $15.60......all 3 trades in pre market
Stocks which closed green included CIEN
MRNA NEM AEM.....
Here is my portfolio weighting :
SU 18.41%
MU 16.91%
CIEN 14.91%
CNX 13.61%
MGM 12.07%
AAL 11.41%
DDOG 8.44%
CLDR 4.24%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, April 30, 2020
Indices closed down .28% to 1.17%.....
Indices closed down.
S&P 500 @ 2912.43, low 2892.47, high 2930.91
RSI @ 57.87
CMF @ 0.110
Internals were :
Down volume led by 2.97 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 2.58 to 1 in NYSE & 2.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 13 in NYSE & 20 in Nasdaq
VIX UP 9.35% @ 34.15
Oil @ $18.84
Gold @ $1694.20
Canadian $ @ .6086
Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR
Stocks which closed green included... DDOG
MSFT AAPL GILD ROKU BIDU BA WB
HUYA FB AMZN FEYE GOOG NFLX
YY LNG OSTK....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was overbought big time Wednesday night, every stock was making another move higher by 7% to 10% AH on FB and other earnings report, FB jumped $30 last night, a sign of euphoria taking place. I have a feeling that we may have made a top in technology stocks for now. I will be looking to reduce my exposure in an opportunistic manner.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2912.43, low 2892.47, high 2930.91
RSI @ 57.87
CMF @ 0.110
Internals were :
Down volume led by 2.97 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 2.58 to 1 in NYSE & 2.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 13 in NYSE & 20 in Nasdaq
VIX UP 9.35% @ 34.15
Oil @ $18.84
Gold @ $1694.20
Canadian $ @ .6086
Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR
Stocks which closed green included... DDOG
MSFT AAPL GILD ROKU BIDU BA WB
HUYA FB AMZN FEYE GOOG NFLX
YY LNG OSTK....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was overbought big time Wednesday night, every stock was making another move higher by 7% to 10% AH on FB and other earnings report, FB jumped $30 last night, a sign of euphoria taking place. I have a feeling that we may have made a top in technology stocks for now. I will be looking to reduce my exposure in an opportunistic manner.
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 29, 2020
Indices closed UP 2.21% to 3.57%....NICE !!!!
Indices closed UP.
S&P 500 @ 2939.51, high 2954.86, low 2912.16
RSI @ 59.74
CMF @ 0.087
Internals were :
UP Volume led by 5.31 to 1 in NYSE & 3.47 to 1 in Nasdaq
Advancing stocks led by 6.71 to 1 in NYSE & 4.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 9 in NYSE & 36 in Nasdaq
VIX Down 6.97% @ 31.23
Oil @ $15.06
Gold @ $1713.40
Canadian $ @ .6061
In my portfolio :
Bought CLDR @ $8.30
Added 70% CNX @ $10.65
Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR
Stocks UP 4%++included AAL CLDR MU SU TWTR
APA MGM TER MSFT GILD CCL DAL KBH PHM
BA VICR LSCC SQ ASML XLNX FB LRCX UAL
MTCH SPLK FSLR AMAT OLED QRVO SLB
SNAP NTNX WYNN MA MGA SWKS V X...
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
Before open couple of my stocks are reporting, expectations are :
TWTR Q 1 Sales $775.96 million, EPS 10 cents
Guidance Q 2 Sales $698.01 million, EPS 5 cents
Expecting a match to expectations, potential move 11%+-
AAL Q 1 Sales 8.94 billion, EPS loss $2.38
Guidance Q 2 Sales $2.08 billion, EPS loss $7.99
Expecting worse than expected ..but it may be factored in?
About market, TAPE was in full overdrive thanks to Fed statement / Q & A which was extremely supportive of bull case. Earnings reaction are in and they all are flying as IF worse case scenario is behind us. MSFT FB TSLA KRA were UP sharply in AH. Expect a strong technology driven open.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2939.51, high 2954.86, low 2912.16
RSI @ 59.74
CMF @ 0.087
Internals were :
UP Volume led by 5.31 to 1 in NYSE & 3.47 to 1 in Nasdaq
Advancing stocks led by 6.71 to 1 in NYSE & 4.31 to 1 in Nasdaq
Net new 52 wk highs were leading by 9 in NYSE & 36 in Nasdaq
VIX Down 6.97% @ 31.23
Oil @ $15.06
Gold @ $1713.40
Canadian $ @ .6061
In my portfolio :
Bought CLDR @ $8.30
Added 70% CNX @ $10.65
Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR
Stocks UP 4%++included AAL CLDR MU SU TWTR
APA MGM TER MSFT GILD CCL DAL KBH PHM
BA VICR LSCC SQ ASML XLNX FB LRCX UAL
MTCH SPLK FSLR AMAT OLED QRVO SLB
SNAP NTNX WYNN MA MGA SWKS V X...
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
Before open couple of my stocks are reporting, expectations are :
TWTR Q 1 Sales $775.96 million, EPS 10 cents
Guidance Q 2 Sales $698.01 million, EPS 5 cents
Expecting a match to expectations, potential move 11%+-
AAL Q 1 Sales 8.94 billion, EPS loss $2.38
Guidance Q 2 Sales $2.08 billion, EPS loss $7.99
Expecting worse than expected ..but it may be factored in?
About market, TAPE was in full overdrive thanks to Fed statement / Q & A which was extremely supportive of bull case. Earnings reaction are in and they all are flying as IF worse case scenario is behind us. MSFT FB TSLA KRA were UP sharply in AH. Expect a strong technology driven open.
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 28, 2020
Indices closed down .13% to 1.40%....
Indices closed down.
S&P 500 @ 2863.39, low 2860.71, high 2921.15
RSI @ 56.04
CMF @ 0.035
Internals were :
UP volume led by 3.42 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 46 in Nasdaq
VIX UP .84% @ 33.57
Oil @ $12.34
Gold @ $1722.20
Canadian $ @ .6002
In my portfolio...Sold MGM @ $16.30 in pre market....had 2 other sell missed one by 5 cents and other by 10 cents all in pre market.....
Portfolio AMD AAL CIEN CNX DDOG MU SU TWTR
AMD reported a strong earnings report even in Corona driven world.
Sales actual $1.79 billion vs expectation of $1.78 billion...a beat by $1 million
EPS actual 18 cents vs expectations of 18 cents
Guiding sequential growth in Sales for Q 2 of $1.85 billions
21% Y/Y growth......
AMD is among few companies on planet earth which had the guts to give guidance for both next Q and full year. Based on so many unknown they are still guiding full year growth of 25% vs growth of 27.5% previously.....Conference call was extremely upbeat with great optimism for this calendar year ....reward for all that AMD down AH 3.08%.....
Stocks which were UP 1% or more included AAL MGM SU
APA CCL DAL DHI KBH PHM BA VICR SPWR CLDR
UAL EXPE FFIV QRVO MGA MS OSTK ULTA SWKS
X M.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was very strong in pre market and open, then it was downhill with all 3 major indices closing in red and @ low of the day. Internals @ close were all positive which showed real strength of this market. Looks like futures are predicting a strong day on Wednesday based on many good earnings after hour.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2863.39, low 2860.71, high 2921.15
RSI @ 56.04
CMF @ 0.035
Internals were :
UP volume led by 3.42 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 46 in Nasdaq
VIX UP .84% @ 33.57
Oil @ $12.34
Gold @ $1722.20
Canadian $ @ .6002
In my portfolio...Sold MGM @ $16.30 in pre market....had 2 other sell missed one by 5 cents and other by 10 cents all in pre market.....
Portfolio AMD AAL CIEN CNX DDOG MU SU TWTR
AMD reported a strong earnings report even in Corona driven world.
Sales actual $1.79 billion vs expectation of $1.78 billion...a beat by $1 million
EPS actual 18 cents vs expectations of 18 cents
Guiding sequential growth in Sales for Q 2 of $1.85 billions
21% Y/Y growth......
AMD is among few companies on planet earth which had the guts to give guidance for both next Q and full year. Based on so many unknown they are still guiding full year growth of 25% vs growth of 27.5% previously.....Conference call was extremely upbeat with great optimism for this calendar year ....reward for all that AMD down AH 3.08%.....
Stocks which were UP 1% or more included AAL MGM SU
APA CCL DAL DHI KBH PHM BA VICR SPWR CLDR
UAL EXPE FFIV QRVO MGA MS OSTK ULTA SWKS
X M.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was very strong in pre market and open, then it was downhill with all 3 major indices closing in red and @ low of the day. Internals @ close were all positive which showed real strength of this market. Looks like futures are predicting a strong day on Wednesday based on many good earnings after hour.
BLOG does NOT give buy or sell.
Saleem
Monday, April 27, 2020
Indices closed UP 1.11% to 1.51%....NICE !!!!
Indices closed UP.
S&P 500 @ 2878.48, high 2887.72, low 2852.89
RSI @ 57.00
CMF @ 0.122
Internals were :
UP volume led by 4.80 to 1 in NYSE & 3.06 to 1 in Nasdaq
Advancing stocks led by 3.39 to 1 in NYSE & 10.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & 57 in Nasdaq
VIX Down 7.35% @ 33.29
Oil @ $12.78
Gold @ $1273.80
Canadian $ @ .5953
In my portfolio ...Added 100% AMD @ $56.40
Portfolio AMD AAL CIEN CNX DDOG MGM MU SU TWTR
Stocks UP 3%++ included CIEN CNX DDOG MGM TWTR
CCL ROKU KBH PHM LYFT LULU BZUN TSLA SPLK
EXPE OLED SNAP NTNX YELP FSLR WYNN LVS
MS OSTK X M ......
AMD reports AH on Tuesday, here are the expectations :
Sales Q 1 $1.78 billion, EPS 18 cents
Guidance Q 2 Sales $1.92 billion, EPS 21 cents
Expecting a beat in Sales & EPS for Q 1.....
About market, TAPE was strong from open till close, internals were all positive and closed @ high of the day. Most sectors were UP today. Technically we are improving in markets.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2878.48, high 2887.72, low 2852.89
RSI @ 57.00
CMF @ 0.122
Internals were :
UP volume led by 4.80 to 1 in NYSE & 3.06 to 1 in Nasdaq
Advancing stocks led by 3.39 to 1 in NYSE & 10.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & 57 in Nasdaq
VIX Down 7.35% @ 33.29
Oil @ $12.78
Gold @ $1273.80
Canadian $ @ .5953
In my portfolio ...Added 100% AMD @ $56.40
Portfolio AMD AAL CIEN CNX DDOG MGM MU SU TWTR
Stocks UP 3%++ included CIEN CNX DDOG MGM TWTR
CCL ROKU KBH PHM LYFT LULU BZUN TSLA SPLK
EXPE OLED SNAP NTNX YELP FSLR WYNN LVS
MS OSTK X M ......
AMD reports AH on Tuesday, here are the expectations :
Sales Q 1 $1.78 billion, EPS 18 cents
Guidance Q 2 Sales $1.92 billion, EPS 21 cents
Expecting a beat in Sales & EPS for Q 1.....
About market, TAPE was strong from open till close, internals were all positive and closed @ high of the day. Most sectors were UP today. Technically we are improving in markets.
BLOG does NOT give buy or sell.
Saleem
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