Nasdaq & S&P went for another record close for this year...while S&P was @ an all time HIGH close.
Dow closed down 5 points.
Nice to see follow thru in S&P with second closing HIGH.
S&P 400 & Russell 2000 also closed @ an all time HIGH.
New 52 week High vs Low was very strong on both NYSE & Nasdaq.....here is the number:
.........................NYSE..........Nasdaq
New High.............. 367...............192
New Low................ 17................26
New High Ratio........21 to 1.........7 to 1
This is a very powerful ratio when index barely went green.
From the above New 52 week High lead...it is fair to conclude that this BULL market is very broad based.
AH quick summary:
DELL earning report is taken as bullish as top line growth was stronger than consensus UP $2+.
OVTI was UP $2+ beats on top & bottom line........Guidance better than consensus.
We have Jobs report tommorrow 8.30 AM...it will show STRENGTH in economy...so another BLOW to recession theorist.
Look for a strong day in markets for friday.
This is a BULL market which is being recognized by fundamental strategist like Abby Joseph Cohen who is predicting 14,000 on Dow by year end & 1600 on S&P.
These analyst are trend follower...so she will revise her estimates UP by sep/oct.
Good luck on friday trades.
BLOG does not give buy or sell.
Saleem
Thursday, May 31, 2007
Markets staying GREEN $$$$
As oil started to turn UP markets are digesting this draw down in crude instead of BUILD.
Markets generally do not handle surprise well.........so oil draw down was a surprise.
Markets will build on its gain as the afternoon progresses.Nasdaq remains the strongest of all indices...........so far.
Gold,Oil,Metals are all strong.
After Two hours of trading.........I am noticing more old line techs participating.
Green stocks are:
NVDA,SNDK,MR,AAPL,GOOG,RIMM,FMCN,CTRP,RVBD,WFR,MBLX,
GRMN,SNE,SOHU,BIDU,MA,AKAM,CIEN,DNDN.
Red stocks are:
NYX,ICE,TSL,FSLR,VCLK.
Good luck on your trades.
BLOG does not give buy or sell.
Saleem
Markets generally do not handle surprise well.........so oil draw down was a surprise.
Markets will build on its gain as the afternoon progresses.Nasdaq remains the strongest of all indices...........so far.
Gold,Oil,Metals are all strong.
After Two hours of trading.........I am noticing more old line techs participating.
Green stocks are:
NVDA,SNDK,MR,AAPL,GOOG,RIMM,FMCN,CTRP,RVBD,WFR,MBLX,
GRMN,SNE,SOHU,BIDU,MA,AKAM,CIEN,DNDN.
Red stocks are:
NYX,ICE,TSL,FSLR,VCLK.
Good luck on your trades.
BLOG does not give buy or sell.
Saleem
Economic news POSITIVE for stocks today !!!!
All the economic news so far today is positive for stocks going forward.
GDP grew @ .6%.........slower than expected .8%.....thus reducing inflationary pressure on the economy.
GDP .6% growth is a reflection of DEAD housing in Q1...and slower economic activity from Jan to March.
GDP in Q2 should grow @ above 2%................which will kill all the talk of recession and markets will move further UP on profit GROWTH story.
Most retail & some bearish institutions are either underinvested or all completely out of market.Traders like Eric Bolling who were positioned for a pullback are getting KILLED by this booming market....TAPE is too strong to be out or bearish.
GOOG is all set to go to new ALL-TIME HIGH................which is great for techs.
AAPL is @ new 52 week high in pre-market ......good for techs.
YHOO was upgraded this AM & is UP in pre-market.
I will strongly suggest to take OVERWEIGHT position in TECHS...as they are getting ready to FLY.
Please stay DIVERSIFIED even in TECHS.......techs have different sectors also.
Good luck on a follow thru day........Oil inventory..... all expected to show BUILD...good for consumer & markets.
My portfolio is:
NVDA (graphic chips)
JNPR(Networking)
SNDK(Flash memory)
STP(Solar)
UXG(Gold)
PAL(Palladium,nickel)
RAL.TO(OIL&GAS)
PDN.TO(Uranium)
Time to be aggressive in market in a DIVERSIFIED mode.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
GDP grew @ .6%.........slower than expected .8%.....thus reducing inflationary pressure on the economy.
GDP .6% growth is a reflection of DEAD housing in Q1...and slower economic activity from Jan to March.
GDP in Q2 should grow @ above 2%................which will kill all the talk of recession and markets will move further UP on profit GROWTH story.
Most retail & some bearish institutions are either underinvested or all completely out of market.Traders like Eric Bolling who were positioned for a pullback are getting KILLED by this booming market....TAPE is too strong to be out or bearish.
GOOG is all set to go to new ALL-TIME HIGH................which is great for techs.
AAPL is @ new 52 week high in pre-market ......good for techs.
YHOO was upgraded this AM & is UP in pre-market.
I will strongly suggest to take OVERWEIGHT position in TECHS...as they are getting ready to FLY.
Please stay DIVERSIFIED even in TECHS.......techs have different sectors also.
Good luck on a follow thru day........Oil inventory..... all expected to show BUILD...good for consumer & markets.
My portfolio is:
NVDA (graphic chips)
JNPR(Networking)
SNDK(Flash memory)
STP(Solar)
UXG(Gold)
PAL(Palladium,nickel)
RAL.TO(OIL&GAS)
PDN.TO(Uranium)
Time to be aggressive in market in a DIVERSIFIED mode.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
Wednesday, May 30, 2007
All Time HIGH close in Dow,S&P, Russell ...$$$$
Markets did a BULL DANCE to the FINISH today.
When markets IGNORE BEARISH news like Shanghai 6.5% sell off....it only means one thing.....and that ONE THING..... according to Jack Palance is ...it must be a very strong BULL market.
We had a closing all time HIGHS on DOW...S&P 500...Russell 2000...S&P 400.
We also had a new 52 week HIGH close on Nasdaq.
Today all Three major indices were equally strong % wise all +.80% or so...a rarity to have equal % GAIN.
GOOG,AAPL,GRMN,MA ,BIDU among the strong stocks that were standouts.
In my portfolio SNDK was strong and JNPR closed @ new 52 week HIGH.
STP made a strong comeback from being down $1.76 to almost unchanged after briefly flirting with GREEN.
AH Quick Summary :
ENCY is UP 25% after getting approval of Hypertension drug (Thelin) from Canada.
MOT is UP 5 cents after cutting another 4000 jobs.
YHOO Chief Technology Officer resigned...stock down below $28.
This BULL market has lot of GROWING skeptics..........which will keep this BULL going for a while longer....then sharp & swift correction.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Good luck on a follow up day on thursday.....lot of economic news & oil inventory reports are due....so read the tea leaf correctly.
Saleem
When markets IGNORE BEARISH news like Shanghai 6.5% sell off....it only means one thing.....and that ONE THING..... according to Jack Palance is ...it must be a very strong BULL market.
We had a closing all time HIGHS on DOW...S&P 500...Russell 2000...S&P 400.
We also had a new 52 week HIGH close on Nasdaq.
Today all Three major indices were equally strong % wise all +.80% or so...a rarity to have equal % GAIN.
GOOG,AAPL,GRMN,MA ,BIDU among the strong stocks that were standouts.
In my portfolio SNDK was strong and JNPR closed @ new 52 week HIGH.
STP made a strong comeback from being down $1.76 to almost unchanged after briefly flirting with GREEN.
AH Quick Summary :
ENCY is UP 25% after getting approval of Hypertension drug (Thelin) from Canada.
MOT is UP 5 cents after cutting another 4000 jobs.
YHOO Chief Technology Officer resigned...stock down below $28.
This BULL market has lot of GROWING skeptics..........which will keep this BULL going for a while longer....then sharp & swift correction.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Good luck on a follow up day on thursday.....lot of economic news & oil inventory reports are due....so read the tea leaf correctly.
Saleem
Fed Talks...investors LISTEN..Traders RUN....
Fed minutes were released @ 2PM...............Traders SOLD on the news immediately...Dow went from from 25+ to -30 in 5 minutes.............similar action in nasdaq from 5+ to 5-.
Investors like most of US sat through the YO YO mode and watched Dow came back to 5+ in a hurry...TRIGGER HAPPY is not working these days.
Fed said the following:
Housing weakness will continue longer than previously anticipated.
Housing weakness will affect consumer spending.
Housing weakness will reduce inflation.
Risk to the economy is on the weak side.
Inflation remains a concern.
In plain english INFLATION is softening than before.
Housing will remain WEAK.
The above TWO points is good for the stock market going forward.................NO interest rate HIKE.............but a CUT by end of the year ( all my interpretations).
As I finish writing DOW UP 27,Nas & S&P UP 4+.
Stock market in US is showing GREAT RESILIENCY..............a sign of a MAJOR BULL market.
Stay Long & Stay patient.
Saleem
Investors like most of US sat through the YO YO mode and watched Dow came back to 5+ in a hurry...TRIGGER HAPPY is not working these days.
Fed said the following:
Housing weakness will continue longer than previously anticipated.
Housing weakness will affect consumer spending.
Housing weakness will reduce inflation.
Risk to the economy is on the weak side.
Inflation remains a concern.
In plain english INFLATION is softening than before.
Housing will remain WEAK.
The above TWO points is good for the stock market going forward.................NO interest rate HIKE.............but a CUT by end of the year ( all my interpretations).
As I finish writing DOW UP 27,Nas & S&P UP 4+.
Stock market in US is showing GREAT RESILIENCY..............a sign of a MAJOR BULL market.
Stay Long & Stay patient.
Saleem
STP found SUPPORT @$32.80...moving UP ??
STP found support @ $32.80 and trying SLOWLY to build from there.
STP GUIDANCE was better than consensus...........so it should be viewed positively for future TAPE action.
Markets as predicted........ gave a BIG YAWN to Shanghai OVERDUE correction.
AAPL got upgraded with a target price of $150.
After 1 hr of trading ...the following stocks are GREEN $$$$
SNDK,AAPL,MR,VLO,HOKU,NTRI.
Any weakness in strong stocks should be BOUGHT.
Fed minutes comes out 2.15PM for more DEEP analysis.
Good luck on your trades today.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
STP GUIDANCE was better than consensus...........so it should be viewed positively for future TAPE action.
Markets as predicted........ gave a BIG YAWN to Shanghai OVERDUE correction.
AAPL got upgraded with a target price of $150.
After 1 hr of trading ...the following stocks are GREEN $$$$
SNDK,AAPL,MR,VLO,HOKU,NTRI.
Any weakness in strong stocks should be BOUGHT.
Fed minutes comes out 2.15PM for more DEEP analysis.
Good luck on your trades today.
Please do your own due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
Chinese market FALLS 6.5%....NOW WHAT ???
Shanghai fell 6.5%..............to an actual MEASURE to CURB RAMPANT OUT OF CONTROL speculation in Chinese stock markets.
Shanghai had RISEN 192% in the last 2 years.............so a pullback of 6.5% or more is desireable for that market.
The DROP in Shanghai is a local event..............the MEASURE is now in place to CONTROL 300,000 new accounts being open DAILY.............
Hong Kong & Tokyo had very MUTED reaction of less than 1%...........Europe is in the same MODE down les than 1%.
Futures in US is DOWN 6 on S&P & 9 on Nasdaq @ 6.30 AM est.......which is just a YAWN ....so I interpret.
Any weakness @ open should be viewed as BUYING opportunity.
Today may be a good time to sell the WEAK stocks and buy strong stocks.
Portfolio shuffling is ALWAYS a good IDEA.
I do NOT expect any MAJOR reaction to Shanghai drop......the USUAL WEAK open and then REACTION to Fed Minutes will take over the TREND of trading.
So get your thinking cap ON & do some BUYING/CHANGES for your portfolio.
Please do your OWN due diligence.
Stay DIVERSIFIED.
BLOG does not give buy or sell.
Good luck on today's trading.
Saleem
Shanghai had RISEN 192% in the last 2 years.............so a pullback of 6.5% or more is desireable for that market.
The DROP in Shanghai is a local event..............the MEASURE is now in place to CONTROL 300,000 new accounts being open DAILY.............
Hong Kong & Tokyo had very MUTED reaction of less than 1%...........Europe is in the same MODE down les than 1%.
Futures in US is DOWN 6 on S&P & 9 on Nasdaq @ 6.30 AM est.......which is just a YAWN ....so I interpret.
Any weakness @ open should be viewed as BUYING opportunity.
Today may be a good time to sell the WEAK stocks and buy strong stocks.
Portfolio shuffling is ALWAYS a good IDEA.
I do NOT expect any MAJOR reaction to Shanghai drop......the USUAL WEAK open and then REACTION to Fed Minutes will take over the TREND of trading.
So get your thinking cap ON & do some BUYING/CHANGES for your portfolio.
Please do your OWN due diligence.
Stay DIVERSIFIED.
BLOG does not give buy or sell.
Good luck on today's trading.
Saleem
Tuesday, May 29, 2007
Markets closed HIGHER !!!!!
All indices closed HIGHER.Nasdaq was the best performer.
Keep an EYE on China tonight as it may REACT to an increase in transaction cost for stock TRADING..........known as Stamp Tax.........went from .10 to .30.........will it affect trading HYSTERIA in Shanghai ?
STP went DOWN on DOUBLE the volume.............which was an OVERREACTION to headline EPS numbers...........STP could have done a BETTER job of anticipating ALL expenses.
STP GOOFED UP on moving machinery from Japan to China.......that cost was SUPPOSEDLY not accounted for.
STP also did not account for 5% increase in number of shares.
How CRITICAL is ..........above TWO GOOF UPS...........BIG in terms of PERCEPTION.....but EXTREMELY MINOR in terms of numbers.....as the above TWO EXPENSES ....were ligitimate and ACCEPTABLE to wall street.
Once you factor the TWO issues ....STP actually BEAT EPS by 1 cent.............but today it did not matter.
I personally believe that this is another RETEST of STP support in $33+ to $34+ area...........have we seen the LOW this time.......tommorrow we will get the answer..........after the RETEST....STP will be in a SUSTAINED move UP from there..............I hope !!!!!
OIL took a BIG beating................
Fast Money GENIUS were SHORT FXI.........I think they HUMBLY took their LOSS...Feel Sorry for Eric Bolling for his LOUSY major calls.............Shanghai actually closed @ All time HIGHS 2 trading days in a ROW.
Tommorrow we may have REACTION to Chinese Markets............or a CELEBERATION of Fed Minutes.........Thou Shall see WHICH one............or BOTH may be NEGATIVE ??? OR if we are so LUCKY...both could be POSITIVE for the US markets.
JNPR closed @ NEW 52 week HIGH today $$$$$$ more than compensated for STP 70 cents LOSS.
Future @ 7.22 PM est Nasdaq down 2 & S&P down 1.
Please continue doing your own due diligence & stay diversified.
BLOG does not give Buy or Sell.
Saleem
Keep an EYE on China tonight as it may REACT to an increase in transaction cost for stock TRADING..........known as Stamp Tax.........went from .10 to .30.........will it affect trading HYSTERIA in Shanghai ?
STP went DOWN on DOUBLE the volume.............which was an OVERREACTION to headline EPS numbers...........STP could have done a BETTER job of anticipating ALL expenses.
STP GOOFED UP on moving machinery from Japan to China.......that cost was SUPPOSEDLY not accounted for.
STP also did not account for 5% increase in number of shares.
How CRITICAL is ..........above TWO GOOF UPS...........BIG in terms of PERCEPTION.....but EXTREMELY MINOR in terms of numbers.....as the above TWO EXPENSES ....were ligitimate and ACCEPTABLE to wall street.
Once you factor the TWO issues ....STP actually BEAT EPS by 1 cent.............but today it did not matter.
I personally believe that this is another RETEST of STP support in $33+ to $34+ area...........have we seen the LOW this time.......tommorrow we will get the answer..........after the RETEST....STP will be in a SUSTAINED move UP from there..............I hope !!!!!
OIL took a BIG beating................
Fast Money GENIUS were SHORT FXI.........I think they HUMBLY took their LOSS...Feel Sorry for Eric Bolling for his LOUSY major calls.............Shanghai actually closed @ All time HIGHS 2 trading days in a ROW.
Tommorrow we may have REACTION to Chinese Markets............or a CELEBERATION of Fed Minutes.........Thou Shall see WHICH one............or BOTH may be NEGATIVE ??? OR if we are so LUCKY...both could be POSITIVE for the US markets.
JNPR closed @ NEW 52 week HIGH today $$$$$$ more than compensated for STP 70 cents LOSS.
Future @ 7.22 PM est Nasdaq down 2 & S&P down 1.
Please continue doing your own due diligence & stay diversified.
BLOG does not give Buy or Sell.
Saleem
Markets HIGHER again.... on takeover deals !!!!!
Markets are taking cue from worldwide deal making.
Most world markets including Shanghai was HIGHER.
STP tape action is "surprising to say the least"....the WONDER of Hedge funds/MM AGENDA for the day.....................STP future remains BRIGHT irrespective of today's tape.
Diversification is what I practice & preach......ALWAYS saves you from stock manipulation for any reason.
Markets after 2 hours of trading are doing well.......so far.....Nasdaq is the strongest...which is a good sign for techs & markets...going forward.....for the rest of 2007.
Strong stocks are:
JNPR,NMX,ICE,GOOG,WYNN,WFR,IIJI,TSL,BIDU,MA.
My portfolio is STP,NVDA,JNPR,SNDK,PAL,UXG,RAL.TO,PDN.TO.
Good luck on your well DIVERSIFIED position.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
Most world markets including Shanghai was HIGHER.
STP tape action is "surprising to say the least"....the WONDER of Hedge funds/MM AGENDA for the day.....................STP future remains BRIGHT irrespective of today's tape.
Diversification is what I practice & preach......ALWAYS saves you from stock manipulation for any reason.
Markets after 2 hours of trading are doing well.......so far.....Nasdaq is the strongest...which is a good sign for techs & markets...going forward.....for the rest of 2007.
Strong stocks are:
JNPR,NMX,ICE,GOOG,WYNN,WFR,IIJI,TSL,BIDU,MA.
My portfolio is STP,NVDA,JNPR,SNDK,PAL,UXG,RAL.TO,PDN.TO.
Good luck on your well DIVERSIFIED position.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
STP looking very GOOD...CC Analysis !!!!
STP CC was very upbeat and discussions with analyst was very CREDIBLE.
STP raised the gross margin from Q1 of 19.9% to an improvement of 1 to 2% for Q2....that is a 5 to 10% BETTER sequentially than just completed Q1.
I expect STP to easily achieve this improvement in gross margin on Q/Q basis.
Spain has 5% better pricing than robust Germany.
Korea & Italy is the new growth area for 07.
Breakdown of sales by markets for Q1:
Germany 46%
Spain 46%
US 7%
STP REMAINS Sales leader in Solar sector compared to SPWR & FSLR.............
With todays HIGHER Sales guidance for Q2 & 07 STP ......remains BEST OF BREED !!!!
STP will be a strong performer going forward.
Good luck on today's STP trading as it is already HIGHER in pre-market by +$1.54...so far $$$
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
STP raised the gross margin from Q1 of 19.9% to an improvement of 1 to 2% for Q2....that is a 5 to 10% BETTER sequentially than just completed Q1.
I expect STP to easily achieve this improvement in gross margin on Q/Q basis.
Spain has 5% better pricing than robust Germany.
Korea & Italy is the new growth area for 07.
Breakdown of sales by markets for Q1:
Germany 46%
Spain 46%
US 7%
STP REMAINS Sales leader in Solar sector compared to SPWR & FSLR.............
With todays HIGHER Sales guidance for Q2 & 07 STP ......remains BEST OF BREED !!!!
STP will be a strong performer going forward.
Good luck on today's STP trading as it is already HIGHER in pre-market by +$1.54...so far $$$
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
STP looking GOOD ...going forward !!!!
STP beats on top line and in line EPS once you factor increase in nuber of fully diluted shares by 5%......................so 20 cents + %5 increase in shares equals 1 cents=21 cents.
STP raising guidance of OUTPUT for this Q and entire 07 BIG TIME.
STP contract silicon starts in the current Q ...thus an improvement from Q1 20% gross margin.
I see strong buy for STP going forward.
CC starts in 4 minutes ......will UPDATE on CC details.
Good luck to all in STP today $$$$$$$$$$.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
STP raising guidance of OUTPUT for this Q and entire 07 BIG TIME.
STP contract silicon starts in the current Q ...thus an improvement from Q1 20% gross margin.
I see strong buy for STP going forward.
CC starts in 4 minutes ......will UPDATE on CC details.
Good luck to all in STP today $$$$$$$$$$.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
Monday, May 28, 2007
STP or NOT to STP ???
STP reports its Q1 earning before open tuesday.
The following are the consensus estimates:
Sales Q1$228.14 million Q2 $245.08
Growth Rate YOY +153.8%......+91.2%
EPS Q1 21 cents .............Q2 24 cents
Growth Rate YOY +75%..........+41.1%
I am expecting in-line Q1 sales & EPS.
I am expecting better than expected Q2 guidance on EPS..............because of expected improvement in margins for Q2 as contracted supply of Silicon kicks in @ below spot price.
STP has been experiencing declining gross margins because of buying Silicon in spot market...which has been going higher & higher......STP was NOT able to pass this increasing cost until upcoming Q2.
Most of the analyst community is BULLISH on STP for its potential to GROW future business.
STP will be able to manage its margins BETTER going forward with contract Silicon prices & IMPROVEMENT in manufacturing proces ie BETTER yields /less wastage.
CC is @ 8 AM......
Good luck to all STP investors which includes me.
Please do your OWN due diligence on all stocks including STP.
BLOG does not give BUY or SELL.
Saleem
The following are the consensus estimates:
Sales Q1$228.14 million Q2 $245.08
Growth Rate YOY +153.8%......+91.2%
EPS Q1 21 cents .............Q2 24 cents
Growth Rate YOY +75%..........+41.1%
I am expecting in-line Q1 sales & EPS.
I am expecting better than expected Q2 guidance on EPS..............because of expected improvement in margins for Q2 as contracted supply of Silicon kicks in @ below spot price.
STP has been experiencing declining gross margins because of buying Silicon in spot market...which has been going higher & higher......STP was NOT able to pass this increasing cost until upcoming Q2.
Most of the analyst community is BULLISH on STP for its potential to GROW future business.
STP will be able to manage its margins BETTER going forward with contract Silicon prices & IMPROVEMENT in manufacturing proces ie BETTER yields /less wastage.
CC is @ 8 AM......
Good luck to all STP investors which includes me.
Please do your OWN due diligence on all stocks including STP.
BLOG does not give BUY or SELL.
Saleem
Momentum Stocks list !!!!!!
The following stocks falls in the category of MOMENTUM...................
Please do your due diligence on these stocks........
SWIR,SVU,SXCI,SAM,UBNK,UEIC,VOCS,VCP,WNR,WWY,GMCR,NVDA,
NRG,NUAN,RIMM,SGP,CRM,MA,ID,AMZN,NILE,BWLD,CTRP,DECK.
Good luck on your trades.
BLOG does not give buy or sell.
Saleem
Please do your due diligence on these stocks........
SWIR,SVU,SXCI,SAM,UBNK,UEIC,VOCS,VCP,WNR,WWY,GMCR,NVDA,
NRG,NUAN,RIMM,SGP,CRM,MA,ID,AMZN,NILE,BWLD,CTRP,DECK.
Good luck on your trades.
BLOG does not give buy or sell.
Saleem
Saturday, May 26, 2007
Technically STRONG stocks FWIW
The following stocks are technically strong based on various technical formations.Please review fundamentals of each company.Technicians cannot predict future events which can affect stock prices.
NYSE
PSS,PDC,GHL,TYC,TOL,ERS,CIT,LEN,TXI,BQI,WNR,SCT,CNC,CFR.
Nasdaq
BIVN,IBCIQ,PAYX,PGIC,ROIA,OPSW,RATE,ZOLT,CWST,UTIW,
PLXS,XMSR,ENCY,NITE,NITE,HOTT,CHRS.
TSE (Toronto Stock Exchange)
CR,PS.UN,KTV,QSR.UN,WFI,HII.B,IOL,GPP,COH,VRS,AXX,DW,
AQI,KNA-UN,EN,MRD,IVN,RIM,WTL,JNN,WLL.UN,EPZ,FRU.UN,
HOT.UN,FWM,SXPU.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Happy Memorial Day !!!!
Saleem
NYSE
PSS,PDC,GHL,TYC,TOL,ERS,CIT,LEN,TXI,BQI,WNR,SCT,CNC,CFR.
Nasdaq
BIVN,IBCIQ,PAYX,PGIC,ROIA,OPSW,RATE,ZOLT,CWST,UTIW,
PLXS,XMSR,ENCY,NITE,NITE,HOTT,CHRS.
TSE (Toronto Stock Exchange)
CR,PS.UN,KTV,QSR.UN,WFI,HII.B,IOL,GPP,COH,VRS,AXX,DW,
AQI,KNA-UN,EN,MRD,IVN,RIM,WTL,JNN,WLL.UN,EPZ,FRU.UN,
HOT.UN,FWM,SXPU.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Happy Memorial Day !!!!
Saleem
Friday, May 25, 2007
Markets holding their GAINS...so far !!!!!
Markets are steady...............
Nasdaq UP 14+
Dow UP 59+
S&P 500 UP 7+
Nice to see some strength after 2 hours of trading.
Strong Stocks are:
GOOG,RIMM,AAPL,ICE,FMCN,CTRP,VLO,TSO,FSLR,BIDU,NTRI,INFY.
Weak Stocks are:
LVS,WYNN,NDAQ,TSL.
Hopefully we should close @ HIGHS of the day.............thus we will have a good chance of follow thru on tuesday.
Do your own due diligence.
BLOG does not give buy or sell.
Good luck for the rest of the day.
Saleem
Nasdaq UP 14+
Dow UP 59+
S&P 500 UP 7+
Nice to see some strength after 2 hours of trading.
Strong Stocks are:
GOOG,RIMM,AAPL,ICE,FMCN,CTRP,VLO,TSO,FSLR,BIDU,NTRI,INFY.
Weak Stocks are:
LVS,WYNN,NDAQ,TSL.
Hopefully we should close @ HIGHS of the day.............thus we will have a good chance of follow thru on tuesday.
Do your own due diligence.
BLOG does not give buy or sell.
Good luck for the rest of the day.
Saleem
Shanghai UP 28.64 .7%...Futures UP !!!!!!
Shanghai was UP 28 points which is close to .7%.
Futures are all UP.
OIL is UP.
GOLD is UP.
Tokyo & Hang Seng had sympathy down move with US......which is very healthy for the markets.
NDAQ buying Nordic Exchange OMX for $3.7 billion.
Whenever there is a major DEAL...generally markets are STRONG in US & Canada.
Thursday must have been one of those "sharp & swift correction"which I have talked about over & over in this ongoing BULL market.
We should be FINE until next PAID prediction from Mr Greenspan.
Markets will be more VOLATILE during the summer months due to OIL/GASOLINE prices with hurricane season looming.
Good luck today in your trades.
Saleem
Futures are all UP.
OIL is UP.
GOLD is UP.
Tokyo & Hang Seng had sympathy down move with US......which is very healthy for the markets.
NDAQ buying Nordic Exchange OMX for $3.7 billion.
Whenever there is a major DEAL...generally markets are STRONG in US & Canada.
Thursday must have been one of those "sharp & swift correction"which I have talked about over & over in this ongoing BULL market.
We should be FINE until next PAID prediction from Mr Greenspan.
Markets will be more VOLATILE during the summer months due to OIL/GASOLINE prices with hurricane season looming.
Good luck today in your trades.
Saleem
Thursday, May 24, 2007
Advance Decline MUCH WORSE than indices ????
Advance Decline & Down to UP volume was WORSE than the % losses.
.............NYSE......................................Nasdaq
Down Volume... 1427 million.............................968 million
UP volume........322million..............................166 million
Ratio 4.43 to 1 down lead......................5.83 to 1 down lead
Decliners..........2682..........................................2257
Advancers........611..............................................728
Ratio 4.39 to 1 decline lead................3.10 to 1 decline lead
The above RATIO is giving a much CLEARER picture of today's BAD TAPE.
It is ALWAYS good to get nervous SELLERS out of the way to get CAPITULATION.
The TAPE was pretty UGLY till 3.45PM.
Cramer is pushing GOOG in mad money...which may kick start nasdaq on friday...I hope !!!!
Good luck to all for friday.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
.............NYSE......................................Nasdaq
Down Volume... 1427 million.............................968 million
UP volume........322million..............................166 million
Ratio 4.43 to 1 down lead......................5.83 to 1 down lead
Decliners..........2682..........................................2257
Advancers........611..............................................728
Ratio 4.39 to 1 decline lead................3.10 to 1 decline lead
The above RATIO is giving a much CLEARER picture of today's BAD TAPE.
It is ALWAYS good to get nervous SELLERS out of the way to get CAPITULATION.
The TAPE was pretty UGLY till 3.45PM.
Cramer is pushing GOOG in mad money...which may kick start nasdaq on friday...I hope !!!!
Good luck to all for friday.
Do your own due diligence.
BLOG does not give buy or sell.
Saleem
Markets DOWN....RED all over !!!!!!
Markets closed Down across the board...just slightly above the LOW of the day.
Nasdaq was DOWN the most -1.52%
S&P 500 DOWN -.97 %
DOW DOWN -.62%
This is a normal give back in a bull market.............-1.52 % on Nasdaq is pretty mild.
Markets needed to correct ...so it took the excuse of Greenspan comment & then New housing data as a reason to reduce exposure.
I will call this minor pullback as healthy & desireable ....for BULL to continue.
Because we did not CLOSE @ absolute LOW of the day............News will dictate friday TAPE before the long weekend.............expect LOW volume.
We may get into groove on tuesday next week.
Among the few winners were RIMM with a target increase to $190 based on near term prospects.
Volume was 3.36 billion on Dow & 2.4 billion on nasdaq.
Good luck on friday trades.
Saleem
Nasdaq was DOWN the most -1.52%
S&P 500 DOWN -.97 %
DOW DOWN -.62%
This is a normal give back in a bull market.............-1.52 % on Nasdaq is pretty mild.
Markets needed to correct ...so it took the excuse of Greenspan comment & then New housing data as a reason to reduce exposure.
I will call this minor pullback as healthy & desireable ....for BULL to continue.
Because we did not CLOSE @ absolute LOW of the day............News will dictate friday TAPE before the long weekend.............expect LOW volume.
We may get into groove on tuesday next week.
Among the few winners were RIMM with a target increase to $190 based on near term prospects.
Volume was 3.36 billion on Dow & 2.4 billion on nasdaq.
Good luck on friday trades.
Saleem
Housing data STUMPS the Markets !!!!!
New housing data is getting the CREDIT for this early afternoon sell-OFF.
First of all,the housing data is reflecting "fire sale" by builders as they are getting desperate to UNLOAD INVENTORY.
Bond market RISE in interest rates gave the excuse to lock profit/short the market for few hours....................
I will not be "surprised" to see most of the down move erased by the close...................I do not know what the explanation will be THEN.....................
This is a normal zig zag in a bull market..................interest rate environment is very WEAK....so there will be a cut by end of the year.
Try to take advantage of these JITTERINESS & 4 hour Sale prices...............wall street is very generous in PANIC selling.
Have your portfolio ready for next LEG UP in this strong bull market.
Good luck for the next 2.5 hours left in this opportune trading day.
Do your own due diligence & have your OWN comfort level with all this YO YO moves.
BLOG does not give buy or sell.
Saleem
First of all,the housing data is reflecting "fire sale" by builders as they are getting desperate to UNLOAD INVENTORY.
Bond market RISE in interest rates gave the excuse to lock profit/short the market for few hours....................
I will not be "surprised" to see most of the down move erased by the close...................I do not know what the explanation will be THEN.....................
This is a normal zig zag in a bull market..................interest rate environment is very WEAK....so there will be a cut by end of the year.
Try to take advantage of these JITTERINESS & 4 hour Sale prices...............wall street is very generous in PANIC selling.
Have your portfolio ready for next LEG UP in this strong bull market.
Good luck for the next 2.5 hours left in this opportune trading day.
Do your own due diligence & have your OWN comfort level with all this YO YO moves.
BLOG does not give buy or sell.
Saleem
Morning Selloff ?????
Markets took a mini-dive before noon as president Bush was talking about the threat of Al-Qaida.
Markets corrective episode this AM is a PAUSE in an ongoing bull market.
Market weakness is a good entry point for those trying to SWITCH from weaker stocks to stronger stocks.
Market weakness should be looked as an OPPORTUNITY to REVISIT your strategy & portfolio.
Nasdaq is the weakest after a strong showing in the past few trading session.Hoping that Dow will make another attempt in green after giving UP strong early gains.
Weakness is across the board techs,precious metals,base metals & Oil all WEAK.
What is working short term is RIMM,GOOG,AAPL,AMZN,GRMN,QID,NTRI.
Good luck in your due diligence.
BLOG does not give buy or sell.
Saleem
Markets corrective episode this AM is a PAUSE in an ongoing bull market.
Market weakness is a good entry point for those trying to SWITCH from weaker stocks to stronger stocks.
Market weakness should be looked as an OPPORTUNITY to REVISIT your strategy & portfolio.
Nasdaq is the weakest after a strong showing in the past few trading session.Hoping that Dow will make another attempt in green after giving UP strong early gains.
Weakness is across the board techs,precious metals,base metals & Oil all WEAK.
What is working short term is RIMM,GOOG,AAPL,AMZN,GRMN,QID,NTRI.
Good luck in your due diligence.
BLOG does not give buy or sell.
Saleem
BULL ready to CHARGE UP !!!!!
Now the biggest market TIMER & AUTHORITY on Market movement has said his $150,000 worth of PAID sermon......................the markets can go about its business.
Mr Greenspan proudly declared his portfolio back in Fed Gov days & it consisted of "0" stocks...he was in CD.
No wonder perfectly NORMAL & INTELLIGENT investors pay so much attention to his NON-EXPERIENCE in selecting stocks & TIMING the market.
Mr Greenspan accurately predicted IRRATIONAL EXHUBERANCE in 1996.....it was only OFF TARGET by 4 straight years when Nasdaq went to 5000+...............today Nasdaq is @ 2577.
So with Mr Greenspan ACCURACY rate of -400%........we should get back to our OWN analysis of where the markets are.......& where it is heading.............and it is UP in a very SUSTAINED & RESTRAINED manner.............where SKEPTICISM builds and we keep going higher...with QUICK & SHARP reversal along the way.
Nice to see that some stocks in pre-market are actually GREEN not GRENSPAN.
Shanghai was down 1/2 % equal to 12 nasdaq points...after setting 500 alltime HIGHS in the last 2 years.
Pre market green includes RIMM,AAPL,GOOG .....all strong stocks to name a few.
STP reports on tuesday AM.......expecting STRONG TAPE today & on Friday.
Hopefully JNPR will continue its march to another 52 week high today...did one yesterday.... until ENQUIRER/GLOBE/STAR headlines hit the markets.
Now we have another SEXY star Mr "G" to challenge Lindsay Lohan & Paris Hilton for the headlines......same FLUFF no SUBSTANCE.
NVDA will try to regain its footing today also.
Please do your due diligence.
BLOG does not give buy or sell.
Saleem
Mr Greenspan proudly declared his portfolio back in Fed Gov days & it consisted of "0" stocks...he was in CD.
No wonder perfectly NORMAL & INTELLIGENT investors pay so much attention to his NON-EXPERIENCE in selecting stocks & TIMING the market.
Mr Greenspan accurately predicted IRRATIONAL EXHUBERANCE in 1996.....it was only OFF TARGET by 4 straight years when Nasdaq went to 5000+...............today Nasdaq is @ 2577.
So with Mr Greenspan ACCURACY rate of -400%........we should get back to our OWN analysis of where the markets are.......& where it is heading.............and it is UP in a very SUSTAINED & RESTRAINED manner.............where SKEPTICISM builds and we keep going higher...with QUICK & SHARP reversal along the way.
Nice to see that some stocks in pre-market are actually GREEN not GRENSPAN.
Shanghai was down 1/2 % equal to 12 nasdaq points...after setting 500 alltime HIGHS in the last 2 years.
Pre market green includes RIMM,AAPL,GOOG .....all strong stocks to name a few.
STP reports on tuesday AM.......expecting STRONG TAPE today & on Friday.
Hopefully JNPR will continue its march to another 52 week high today...did one yesterday.... until ENQUIRER/GLOBE/STAR headlines hit the markets.
Now we have another SEXY star Mr "G" to challenge Lindsay Lohan & Paris Hilton for the headlines......same FLUFF no SUBSTANCE.
NVDA will try to regain its footing today also.
Please do your due diligence.
BLOG does not give buy or sell.
Saleem
Wednesday, May 23, 2007
Greenspan TALKS & MARKET RALLY fizzles ???
Markets were doing FINE.....until Mr Greenspan decided to DRAW attention to HIMSELF.......
He is the same Mr Greenspan who touted "irrational exhuberance" 2 years before the FACT.
For a person who is RETIRED he sure likes to come up with TABLOID HEADLINES............
2 months ago Mr Greenspan PREDICTED RECESSION in US.......then changed that probability to 60%......then to 50%.....then to 33%.............and wall street PANICS with his THOUGHTLESS UTTERANCES........................
Hopefully we will get back on track by close on thursday.......no thanks to former/RETIRED fed chief.
Dow & S&P gave up all the GAINS plus <.11% & .12%> while Nasdaq gave up GAINS plus <.42%>..................If you ask me that is not a bad close considering wall street is paid to PANIC & create conditions for MORE COMMISSION ie sell,sell,sell on anything.
I hope Shanghai does not react to an ex fed chief VIEW of what Chinese Markets should or should NOT DO !!!!
I do KNOW that Mr Greenspan is not an EXPERT on Chinese version of GDP GROWTH of 11.1% or Chinese STOCK MARKET which has been UP for 2 years in a BIG way......I wonder why it is UP......maybe it has something to do with Chinese Economy GROWING @ 10% for next 10 years.
AH NTAP is the disaster of the day DOWN 7+.
Good luck on your due diligence.
BLOG does not give BUY or SELL.
Saleem
He is the same Mr Greenspan who touted "irrational exhuberance" 2 years before the FACT.
For a person who is RETIRED he sure likes to come up with TABLOID HEADLINES............
2 months ago Mr Greenspan PREDICTED RECESSION in US.......then changed that probability to 60%......then to 50%.....then to 33%.............and wall street PANICS with his THOUGHTLESS UTTERANCES........................
Hopefully we will get back on track by close on thursday.......no thanks to former/RETIRED fed chief.
Dow & S&P gave up all the GAINS plus <.11% & .12%> while Nasdaq gave up GAINS plus <.42%>..................If you ask me that is not a bad close considering wall street is paid to PANIC & create conditions for MORE COMMISSION ie sell,sell,sell on anything.
I hope Shanghai does not react to an ex fed chief VIEW of what Chinese Markets should or should NOT DO !!!!
I do KNOW that Mr Greenspan is not an EXPERT on Chinese version of GDP GROWTH of 11.1% or Chinese STOCK MARKET which has been UP for 2 years in a BIG way......I wonder why it is UP......maybe it has something to do with Chinese Economy GROWING @ 10% for next 10 years.
AH NTAP is the disaster of the day DOWN 7+.
Good luck on your due diligence.
BLOG does not give BUY or SELL.
Saleem
Markets setting RECORD !!!!!!
After 2 hrs & 30 minutes into trading................markets are doing pretty good...skeptics notwithstanding.
Dow ,S&P & Nasdaq are going DEEPER in their bull run today.
I bought PAL which is a junior mining company involved in exploration of NICKEL,COPPER & PALLADIUM...........all of which are very desireable commodity.
Nice to see that my favourite trade STP is making a move UP today.They are getting into thin film solar product like FSLR.Production starts in 08......construction of production line started already.
GOLD is UP.
OIL is up inspite of build in inventory................its the HURRICANE...............which will keep driving OIL into neverland.
Strong stocks are :
GOOG,FSLR,AAPL,SNDA,STP,NMX,MBLX,GRMN,TSL,BIDU,
NTRI,MA,WFR,RVBD.
Weak stocks are:
NCTY,ICE,WYNN,SNE.
Hope you are having a very productive day so far....................
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Dow ,S&P & Nasdaq are going DEEPER in their bull run today.
I bought PAL which is a junior mining company involved in exploration of NICKEL,COPPER & PALLADIUM...........all of which are very desireable commodity.
Nice to see that my favourite trade STP is making a move UP today.They are getting into thin film solar product like FSLR.Production starts in 08......construction of production line started already.
GOLD is UP.
OIL is up inspite of build in inventory................its the HURRICANE...............which will keep driving OIL into neverland.
Strong stocks are :
GOOG,FSLR,AAPL,SNDA,STP,NMX,MBLX,GRMN,TSL,BIDU,
NTRI,MA,WFR,RVBD.
Weak stocks are:
NCTY,ICE,WYNN,SNE.
Hope you are having a very productive day so far....................
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
Markets All SET to go HIGHER today !!!!
Markets are gunning to go HIGHER today from get GO.
Markets consolidated its GAINS in the last 2 days.
That is the PICTURE of BULL these days.
MINING sector will take off...thanks to ALCAN rejection of ALCOA'S offer......it was not good enough.
My Uranium,Oil already looks higher before pre-market.
It is very important to have EXPOSURE in URANIUM,OIL,GOLD & other base metals.....I have exposure in first 3 with
PDN.TO ( Uranium),RAL.TO (OIL) & UXG (GOLD).
This sector can gain more in one day than most tech stocks......so a little patience can go a long way to improve your financial health.
This is not a market to trade with every UP tick......a long term positioning will get the most REWARD.
Markets are BELOW fair value now.......and this BULL will take it to OVERVALUED levels before it is all done & overwith...............so get into INVESTOR mode.
Henry Paulson is giving wall street a big BOOST by proclaiming that housing SLUMP is over ??? I say it is not as BAD as before but it is far from over......give housing 6 more months before builders will be more positive.
Stay in strong stocks...get rid of DOGS...this is no time to waste your precious $$$.....take advantage of opportunity all around wall street.
Good luck on a frenzied wed.
Do your due diligence.
BLOG does not give buy or sell.
Saleem
Markets consolidated its GAINS in the last 2 days.
That is the PICTURE of BULL these days.
MINING sector will take off...thanks to ALCAN rejection of ALCOA'S offer......it was not good enough.
My Uranium,Oil already looks higher before pre-market.
It is very important to have EXPOSURE in URANIUM,OIL,GOLD & other base metals.....I have exposure in first 3 with
PDN.TO ( Uranium),RAL.TO (OIL) & UXG (GOLD).
This sector can gain more in one day than most tech stocks......so a little patience can go a long way to improve your financial health.
This is not a market to trade with every UP tick......a long term positioning will get the most REWARD.
Markets are BELOW fair value now.......and this BULL will take it to OVERVALUED levels before it is all done & overwith...............so get into INVESTOR mode.
Henry Paulson is giving wall street a big BOOST by proclaiming that housing SLUMP is over ??? I say it is not as BAD as before but it is far from over......give housing 6 more months before builders will be more positive.
Stay in strong stocks...get rid of DOGS...this is no time to waste your precious $$$.....take advantage of opportunity all around wall street.
Good luck on a frenzied wed.
Do your due diligence.
BLOG does not give buy or sell.
Saleem
Tuesday, May 22, 2007
Nasdaq Closed HIGHER !!!!
Nasdaq closed strong again today while Dow & S&P closed slightly lower.
Nasdaq & Dow both had more volume on the UPSIDE & Gainers were leading convincingly on both Index.
New Highs EXPANDED over new lows as follows:
Dow......... NEW Highs 233 NEW lows 9
Nasdaq.... NEW Highs 167 New lows 37
This list highlights the strength of this bull market.
WFR is being added to S&P 500..so it UP $2++
SNDA ER is very good beat on EPS & Revenue UP 1 AH....expect decent guidance also tonight in CC.
Dow & S&P are resting before going to new record HIGHS.
Adding on any weakness has been a good strategy.
RIMM was the big winner today on relative value of blackberry vs iphone.
GOOG,WYNN,MGM,ICE,AAPL,LVS,FSLR,TSL,SNE,NMR& NTRI had great tape action today.
Looks like JNPR & NVDA getting ready for a breakout....I hope.....I own it in my portfolio.
Added UXG this AM.
Gold was down $3.90.
OIL was down $1.30....as it goes into July contract .
Please do your due diligence.
BLOG does not give BUY or SELL.
Good luck on wed trading.
Saleem
Nasdaq & Dow both had more volume on the UPSIDE & Gainers were leading convincingly on both Index.
New Highs EXPANDED over new lows as follows:
Dow......... NEW Highs 233 NEW lows 9
Nasdaq.... NEW Highs 167 New lows 37
This list highlights the strength of this bull market.
WFR is being added to S&P 500..so it UP $2++
SNDA ER is very good beat on EPS & Revenue UP 1 AH....expect decent guidance also tonight in CC.
Dow & S&P are resting before going to new record HIGHS.
Adding on any weakness has been a good strategy.
RIMM was the big winner today on relative value of blackberry vs iphone.
GOOG,WYNN,MGM,ICE,AAPL,LVS,FSLR,TSL,SNE,NMR& NTRI had great tape action today.
Looks like JNPR & NVDA getting ready for a breakout....I hope.....I own it in my portfolio.
Added UXG this AM.
Gold was down $3.90.
OIL was down $1.30....as it goes into July contract .
Please do your due diligence.
BLOG does not give BUY or SELL.
Good luck on wed trading.
Saleem
Markets trying for GREEN !!!!
Markets are trying to get in groove.....but having expected more selling than buying in the first 90 minutes.............
Markets have been very strong.....so any weaknes is a buying opportunity.
TREND is UP...so position accordingly.
Casino stocks are flying due to Tracinda moves about MGM property Bellagio.
OIL is down............
GOLD is down so far...........
Strong stocks are :
GOOG,ICE,RIMM,WYNN,LVS,IGT,VLO,FSLR,TSL,SNE,NTRI,NDAQ,
WFR,MBLX,OXPS,BIDU,AAPL.
Weak stocks are :
AEO,KONG,TECD,SNDK,FMCN,AKAM,LRCX,AMZN,BDK.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
Markets have been very strong.....so any weaknes is a buying opportunity.
TREND is UP...so position accordingly.
Casino stocks are flying due to Tracinda moves about MGM property Bellagio.
OIL is down............
GOLD is down so far...........
Strong stocks are :
GOOG,ICE,RIMM,WYNN,LVS,IGT,VLO,FSLR,TSL,SNE,NTRI,NDAQ,
WFR,MBLX,OXPS,BIDU,AAPL.
Weak stocks are :
AEO,KONG,TECD,SNDK,FMCN,AKAM,LRCX,AMZN,BDK.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
Monday, May 21, 2007
Nasdaq leading the markets !!!!
Nasdaq maintained its strong momentum.
Nasdaq UP volume & advance finished UP 2 to 1......a strong performance.
As expected NTES & NCTY reported lackluster ER.
NCTY showed sequential decline in both rev & EPS.NCTY also came in below consensus on revenue.NCTY CTO is leaving.............but the stock is UP in AH......thanks to Citigroup.
NTES CC was a story of missed deadlines for TX2......and a MAJOR drop in AD revenue Q/Q & YOY..........not a very good picture.............expect NTES to test its lower end of trading range.
NTES CFO is also leaving.
Markets closed on softer note in DOW......but Nasdaq & S&P carried the day.
Lot of activity in AH in Casino stocks as per news of MGM...which was UP $10.
Canadian Markets will reopen tuesday after celeberating Victoria day.
Merger activity is heating UP...which is very healthy for the markets.....also proves that stocks are CHEAP.............and lot of Cash looking for DEALS.
TSL ER was very good which is a good indication for STP guidance for next Q.
KONG ER was BELOW expectations and guidance was also below..DOWN 12% AH.
Good luck for tuesday.
BLOG does not give BUY or SELL.
Saleem
Nasdaq UP volume & advance finished UP 2 to 1......a strong performance.
As expected NTES & NCTY reported lackluster ER.
NCTY showed sequential decline in both rev & EPS.NCTY also came in below consensus on revenue.NCTY CTO is leaving.............but the stock is UP in AH......thanks to Citigroup.
NTES CC was a story of missed deadlines for TX2......and a MAJOR drop in AD revenue Q/Q & YOY..........not a very good picture.............expect NTES to test its lower end of trading range.
NTES CFO is also leaving.
Markets closed on softer note in DOW......but Nasdaq & S&P carried the day.
Lot of activity in AH in Casino stocks as per news of MGM...which was UP $10.
Canadian Markets will reopen tuesday after celeberating Victoria day.
Merger activity is heating UP...which is very healthy for the markets.....also proves that stocks are CHEAP.............and lot of Cash looking for DEALS.
TSL ER was very good which is a good indication for STP guidance for next Q.
KONG ER was BELOW expectations and guidance was also below..DOWN 12% AH.
Good luck for tuesday.
BLOG does not give BUY or SELL.
Saleem
NVDA $1 BILLION Stock BUYBACK $$$$
Today @ 1.16 PM NVDA announced a NEW $1 Billion Stock buyback program.
NVDA will do this buyback in OPEN market or in direct purchases.
NVDA has more than $1++ billion on hand as free cash.
Markets are CHUGGING along ......with NEW ALL TIME HIGHS in S&P 500 today $$$$.
NTES & NCTY reports AH...........both will be on the WEAK side.
NTES guidance will be WEAK for next Q......NCTY guidance may be FLAT to + YOY.
SNDA reports on wed AH......which will be a STELLAR report with STRONG guidance.
Nasdaq is STRONGEST among all indices @ 1.50PM...bodes well for TECHS going forward.
GOLD is UP.
OIL is UP.
Good luck on your trades.
BLOG does not give BUY or SELL.
Saleem
NVDA will do this buyback in OPEN market or in direct purchases.
NVDA has more than $1++ billion on hand as free cash.
Markets are CHUGGING along ......with NEW ALL TIME HIGHS in S&P 500 today $$$$.
NTES & NCTY reports AH...........both will be on the WEAK side.
NTES guidance will be WEAK for next Q......NCTY guidance may be FLAT to + YOY.
SNDA reports on wed AH......which will be a STELLAR report with STRONG guidance.
Nasdaq is STRONGEST among all indices @ 1.50PM...bodes well for TECHS going forward.
GOLD is UP.
OIL is UP.
Good luck on your trades.
BLOG does not give BUY or SELL.
Saleem
Mother of all RALLY continues....so far
First 90 minutes of trading looks like Nasdaq is the leading index by being UP 21 S&P 500 is the second strong index by being UP 4 .........getting close to all time HIGHS.
Dow is UP 12............so far.
Strong stocks are :
NCTY,NYX,BIDU,MA,ICE,AAPL,RIMM,CTRP,FMCN,VLO,TSL,SNE,
GRMN,SIRF,SOHU,SNDA.
Stay in Strong stocks and make serious money.
Stay diversified.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck today.
Saleem
Dow is UP 12............so far.
Strong stocks are :
NCTY,NYX,BIDU,MA,ICE,AAPL,RIMM,CTRP,FMCN,VLO,TSL,SNE,
GRMN,SIRF,SOHU,SNDA.
Stay in Strong stocks and make serious money.
Stay diversified.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck today.
Saleem
Sunday, May 20, 2007
OE & Solar stocks ???
Fridays OE played HAVOC with all solar stocks.
Most of the damage was done in the week of OE.
The following is a breakdown of Solar downdraft using HIGHS & intraday LOW of friday:
ESLR H $13.21 IDL $8.68 Down $4.53 <34.20%>
TSL H $68.90 IDL $51.03 Down $17.87 <25.99%>
JASO H $28.88 IDL $22.50 Down $6.38 <22%>
SPWR H $62.50 IDL$51.72 Down $10.78 <17.2%>
STP H $40.49 IDL $34.01 Down $6.48 <16%>
FSLR H $72.48 IDL $62.31 Down $10.17 <14%>
What is the above TAPE telling US ????
OE manipulation ?
Froth in this sector ?
Margin Pressure ?
HIGH BETA ?
Finding Support for next LEG UP ?
It is interesting to note that only STP & FSLR had GREEN CMF.
STP is reporting earning on May 29 before open.
There is a very POSITIVE report dubbed "Sun Shines On Clean Energy" on monday's IBD which highlights STP in a very positive manner...citing their manufacturing expertise which controls breakage to 1/3 compared to other manufacturer of solar panel.
STP is dealing with all of the above question marks by IMPROVING their manufacturing YIELDS which IMPROVES margins.
STP also is the Sales leader............so what they lose in terms of margin pressure ie Silicone Wafer prices which is contractually going lower for STP in Q2.....they more than make it UP in higher Sales.
FSLR insider sales has started because of lockup expiry so it may be under pressure for a while.....
TSL is offering secondary 5.4 million ADS as per IBD which will dilute EPS and float will increase dramatically.TSL ER is before open monday 15 cents is the consensus.
STP manufacturing cost will not go higher as it is based in China & work with Chinese Machinery plus with Chinese labour......because of YUAN revaluation...locally there is no change....those who get 1000 yuan in salary will still get 1000 yuan irrespective of how many Yuan buys a US$.
STP majority of Sales are in europe and Euros have been gaining against US$...so advantage again STP......
STP reports all Sales & EPS in US$ which has a POSITIVE conversion from Euros & Yuan when converted into US$.
So all in all I am looking quite OPTIMISTICALLY in my position in STP...............OE manipulation notwithstanding.
Please do your OWN due diligence..........my OPINION reflects my BIAS for owning STP in my portfolio.
BLOG does not give BUY or SELL.
Saleem
Most of the damage was done in the week of OE.
The following is a breakdown of Solar downdraft using HIGHS & intraday LOW of friday:
ESLR H $13.21 IDL $8.68 Down $4.53 <34.20%>
TSL H $68.90 IDL $51.03 Down $17.87 <25.99%>
JASO H $28.88 IDL $22.50 Down $6.38 <22%>
SPWR H $62.50 IDL$51.72 Down $10.78 <17.2%>
STP H $40.49 IDL $34.01 Down $6.48 <16%>
FSLR H $72.48 IDL $62.31 Down $10.17 <14%>
What is the above TAPE telling US ????
OE manipulation ?
Froth in this sector ?
Margin Pressure ?
HIGH BETA ?
Finding Support for next LEG UP ?
It is interesting to note that only STP & FSLR had GREEN CMF.
STP is reporting earning on May 29 before open.
There is a very POSITIVE report dubbed "Sun Shines On Clean Energy" on monday's IBD which highlights STP in a very positive manner...citing their manufacturing expertise which controls breakage to 1/3 compared to other manufacturer of solar panel.
STP is dealing with all of the above question marks by IMPROVING their manufacturing YIELDS which IMPROVES margins.
STP also is the Sales leader............so what they lose in terms of margin pressure ie Silicone Wafer prices which is contractually going lower for STP in Q2.....they more than make it UP in higher Sales.
FSLR insider sales has started because of lockup expiry so it may be under pressure for a while.....
TSL is offering secondary 5.4 million ADS as per IBD which will dilute EPS and float will increase dramatically.TSL ER is before open monday 15 cents is the consensus.
STP manufacturing cost will not go higher as it is based in China & work with Chinese Machinery plus with Chinese labour......because of YUAN revaluation...locally there is no change....those who get 1000 yuan in salary will still get 1000 yuan irrespective of how many Yuan buys a US$.
STP majority of Sales are in europe and Euros have been gaining against US$...so advantage again STP......
STP reports all Sales & EPS in US$ which has a POSITIVE conversion from Euros & Yuan when converted into US$.
So all in all I am looking quite OPTIMISTICALLY in my position in STP...............OE manipulation notwithstanding.
Please do your OWN due diligence..........my OPINION reflects my BIAS for owning STP in my portfolio.
BLOG does not give BUY or SELL.
Saleem
Momentum Stocks list !!!!!!
The following is the list of stocks which is considered momentum play.
Please use close STOP.
These stocks are news & rumour driven.....so be READY for WILD swings both UP & DOWN.
CTRP,AMZN,BWLD,DECK,GMCR,NVDA,RIMM,NTGR,SWIR,SPAR,WNR,
TMO.
Please do your OWN due diligence on the above list.
BLOG does not give BUY or SELL.
Good luck in coming week.
Saleem
Please use close STOP.
These stocks are news & rumour driven.....so be READY for WILD swings both UP & DOWN.
CTRP,AMZN,BWLD,DECK,GMCR,NVDA,RIMM,NTGR,SWIR,SPAR,WNR,
TMO.
Please do your OWN due diligence on the above list.
BLOG does not give BUY or SELL.
Good luck in coming week.
Saleem
Saturday, May 19, 2007
Technically Weak stocks FWIW
This is a list of stocks which is showing technical breakdown based on various NEGATIVE formations.Please cross check fundamental picture also.Technicians cannot predict events which may affect the stock price.
NYSE
AMB,DGX,IN,NHP,AVB,FCH,DPL,LTM,RVI,NNN,IPS,IFX,DUA,NLS,DWA,
NDN,PTT,AUY,PSS,LAB,GG,LEH,BIF,LMC,MDG,ZZ,VGZ.
NASDAQ
SPNC,RVSN,CORS,SIRF,SIMO,WTSLA,CNTF,VSAT,UCTT,LTXX,URBN,
ACLS,ESLR,PSUN,CYTC,INSP,CMRG,PFCB.
TSX (Toronto Stock Exchange)
TLC,GO.A,IPS,ALS,NGD,CLG,IGT,MNG,SWG,WLL.UN,EGU,LUN,CYS,
GSL,VGZ.
Please do your OWN due diligence.
BLOG does not give buy or sell.
Saleem
NYSE
AMB,DGX,IN,NHP,AVB,FCH,DPL,LTM,RVI,NNN,IPS,IFX,DUA,NLS,DWA,
NDN,PTT,AUY,PSS,LAB,GG,LEH,BIF,LMC,MDG,ZZ,VGZ.
NASDAQ
SPNC,RVSN,CORS,SIRF,SIMO,WTSLA,CNTF,VSAT,UCTT,LTXX,URBN,
ACLS,ESLR,PSUN,CYTC,INSP,CMRG,PFCB.
TSX (Toronto Stock Exchange)
TLC,GO.A,IPS,ALS,NGD,CLG,IGT,MNG,SWG,WLL.UN,EGU,LUN,CYS,
GSL,VGZ.
Please do your OWN due diligence.
BLOG does not give buy or sell.
Saleem
Technically Strong stocks FWIW
The following is a list of strong stocks based on various technical formations.Please do fundamental analysis on these stocks also.Technicians cannot predict any event which may affect the price of stocks.
NYSE
HRB,SWN,AAI,TTI,CAL,CMA,AMD,F.PR.S.
NASDAQ
ASIA,ADBE,SVNT,VRTX,CNSJV,DSPG,INFT,CAAS,DEPO.
TSX (Toronto stock Exchange)
EMC,MX,CG,CAS,FRU.UN,IQW,FEL.UN,CFW,IXL,BE,MRG,TOG,ONR,
WCS.A,TFS.
Good luck on your due diligence.
BLOG does not give BUY or SELL.
Saleem
NYSE
HRB,SWN,AAI,TTI,CAL,CMA,AMD,F.PR.S.
NASDAQ
ASIA,ADBE,SVNT,VRTX,CNSJV,DSPG,INFT,CAAS,DEPO.
TSX (Toronto stock Exchange)
EMC,MX,CG,CAS,FRU.UN,IQW,FEL.UN,CFW,IXL,BE,MRG,TOG,ONR,
WCS.A,TFS.
Good luck on your due diligence.
BLOG does not give BUY or SELL.
Saleem
Are you READY for a DIFFERENT BULL market ??
This ongoing BULL market is being sold SHORT by many inexperienced traders.
This is not a market to trade ......but to stay PUT in many many stocks.
Do not chase every TICK UP or DOWN.
Position in good strong companies with above average GROWTH potential.
Any GYRATION in those stocks should be greeted with CALM ...NOT OVERREACTION.
There is lot of NEWS coming out of CHINA which will be exploited by TRADERS as percieved BAD NEWS............those are all SIGN of a FAST GROWING Economy which has LEGS.
CHINA is DESPERATELY trying to keep GDP growth below 10 %...but having NO LUCK so far...........I personally BELIEVE that 10% growth will be NORMAL for several years like 10 years from NOW.
If you need a parrallel in HISTORY look @ JAPAN in 1970 & US in 1960...Their GROWTH lasted longer than 10 years....then you will get a good IDEA as to how long CHINA growth will be...............10 more years may prove to be CONSERVATIVE.
Yes there will be HEADLINES detailing thesis for CHINA slowing down.............keep in mind those will be a PAID & BOUGHT thesis by vested interest to justify corrections in an ONGOING BULL Market.
Any CORRECTIONS should be bought AGGRESSIVELY.
This is a WORLDWIDE bull...who has no INTENTION of slowing down................The only SLOWING growth area in the WORLD is US because of HOUSING bubble.
Even US is getting READY for a TURNAROUND by end of the year...with a rate CUT by federal reserve.................so by 2008 there will be a worldwide GROWTH.
Why stay Diversified..................because of private equity Funds being FLUSHED with INVESTIBLE cash.
Takeovers will be the NORM.....so DIVERSIFICATION will give you a good chance of hitting the jackpot.
Lot of takeover WINDFALL is ready to be REINVESTED.
Do NOT stay in DEAD stocks......they are DEAD for a REASON..........those show NO SIGN of revival.....while this BULL MARCHES ON.
DEAD money is WASTED money.......take your LOSS and move ON to better things.
I will be posting TECHNICALLY STRONG stocks in my next post.
I am STAYING very well DIVERSIFIED and STAYING PUT.....no more $ trades.
My portfolio is SNDK,STP,NVDA,JNPR,UXG,RAL.TO,PDN.TO.
Good luck in your due diligence.
BLOG does not give BUY or SELL.
Saleem
This is not a market to trade ......but to stay PUT in many many stocks.
Do not chase every TICK UP or DOWN.
Position in good strong companies with above average GROWTH potential.
Any GYRATION in those stocks should be greeted with CALM ...NOT OVERREACTION.
There is lot of NEWS coming out of CHINA which will be exploited by TRADERS as percieved BAD NEWS............those are all SIGN of a FAST GROWING Economy which has LEGS.
CHINA is DESPERATELY trying to keep GDP growth below 10 %...but having NO LUCK so far...........I personally BELIEVE that 10% growth will be NORMAL for several years like 10 years from NOW.
If you need a parrallel in HISTORY look @ JAPAN in 1970 & US in 1960...Their GROWTH lasted longer than 10 years....then you will get a good IDEA as to how long CHINA growth will be...............10 more years may prove to be CONSERVATIVE.
Yes there will be HEADLINES detailing thesis for CHINA slowing down.............keep in mind those will be a PAID & BOUGHT thesis by vested interest to justify corrections in an ONGOING BULL Market.
Any CORRECTIONS should be bought AGGRESSIVELY.
This is a WORLDWIDE bull...who has no INTENTION of slowing down................The only SLOWING growth area in the WORLD is US because of HOUSING bubble.
Even US is getting READY for a TURNAROUND by end of the year...with a rate CUT by federal reserve.................so by 2008 there will be a worldwide GROWTH.
Why stay Diversified..................because of private equity Funds being FLUSHED with INVESTIBLE cash.
Takeovers will be the NORM.....so DIVERSIFICATION will give you a good chance of hitting the jackpot.
Lot of takeover WINDFALL is ready to be REINVESTED.
Do NOT stay in DEAD stocks......they are DEAD for a REASON..........those show NO SIGN of revival.....while this BULL MARCHES ON.
DEAD money is WASTED money.......take your LOSS and move ON to better things.
I will be posting TECHNICALLY STRONG stocks in my next post.
I am STAYING very well DIVERSIFIED and STAYING PUT.....no more $ trades.
My portfolio is SNDK,STP,NVDA,JNPR,UXG,RAL.TO,PDN.TO.
Good luck in your due diligence.
BLOG does not give BUY or SELL.
Saleem
Friday, May 18, 2007
OE & NEW RECORD CLOSE all around !!!!
WOW...........I cannot believe what is happening.
Markets closed @ NEW HIGHS on an OE day.
Nasdaq was the second strongest after Russell 2000.
Except for some semiconductor & PC related stocks most techs participated.
Market has the FEEL of a MAJOR bull market.
Uranium,Gold & Oil stocks were very strong today.
Markets are closed in Canada because of Victoria day holiday on Monday.
Solar stocks were in a Major Funk today.
I will be posting technically strong stocks list in my saturday posting.
Saleem
Markets closed @ NEW HIGHS on an OE day.
Nasdaq was the second strongest after Russell 2000.
Except for some semiconductor & PC related stocks most techs participated.
Market has the FEEL of a MAJOR bull market.
Uranium,Gold & Oil stocks were very strong today.
Markets are closed in Canada because of Victoria day holiday on Monday.
Solar stocks were in a Major Funk today.
I will be posting technically strong stocks list in my saturday posting.
Saleem
Markets staying GREEN $$$$
Markets are moderately HIGHER .
Solar stocks are facing downdraft.
China trying to appease US by giving higher band to float Yuan.
China also raising interest rates to slow down GROWTH.
OIL & GOLD both higher.
Bought UXG a gold exploration company in Nevada.
Also bought RAL.TO a oil & gas producer.
Strong stocks are:
MR,SNDA,IGT,FMCN,CTRP,VLO,GRMN,NYX,AKAM,VCLK.
Weak stocks are:
FSLR,TSL,STP,WFR,MBLX,SIRF,GOOG,WYNN.
Stay in strong sectors & strong stocks.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck today on OE day.
Saleem
Solar stocks are facing downdraft.
China trying to appease US by giving higher band to float Yuan.
China also raising interest rates to slow down GROWTH.
OIL & GOLD both higher.
Bought UXG a gold exploration company in Nevada.
Also bought RAL.TO a oil & gas producer.
Strong stocks are:
MR,SNDA,IGT,FMCN,CTRP,VLO,GRMN,NYX,AKAM,VCLK.
Weak stocks are:
FSLR,TSL,STP,WFR,MBLX,SIRF,GOOG,WYNN.
Stay in strong sectors & strong stocks.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck today on OE day.
Saleem
Futures pointing HIGHER open !!!
Futures are lit UP in GREEN $$$$$$$$$
I guessed all the price actions were squared away on thursday in the options market.
Liquidity is again ruling today.......which is a REALITY worldwide.
Most strong stocks are GREEN in pre-market @ 9.00 AM.
AQNT hit the jackpot............Up $26+++
VCLK Up $2++ in expectations of next takeover.
AKAM is breathing again...........from a major SLUMP.
Gold & Oil are Flattish so far................
Gold is extremely bearish ...$650 support will be tested.
Good luck on a very strong day.........which will get stronger and will have the HIGHEST close for all major Indices.
Nice to see nasdaq back in the GROOVE.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
I guessed all the price actions were squared away on thursday in the options market.
Liquidity is again ruling today.......which is a REALITY worldwide.
Most strong stocks are GREEN in pre-market @ 9.00 AM.
AQNT hit the jackpot............Up $26+++
VCLK Up $2++ in expectations of next takeover.
AKAM is breathing again...........from a major SLUMP.
Gold & Oil are Flattish so far................
Gold is extremely bearish ...$650 support will be tested.
Good luck on a very strong day.........which will get stronger and will have the HIGHEST close for all major Indices.
Nice to see nasdaq back in the GROOVE.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
Thursday, May 17, 2007
Who WINS with OE Friday ????
Every 3rd friday of the month..............markets are MANIPULATED by Hedge funds,market makers & brokerage houses.................and they DICTATE the closing price for any stock they wish to GAIN optimum $$ for themselves.
Today's FLATTISH closing was a planned & orchestrated MOVE....to control any further market GAINS.
It will be very interesting to WATCH where the MM/HF/BH..........take mine & your stock either INTRADAY or to close @ their desired levels.
Either this is Wall Street MAGIC or SEC has no interest in MONITORING orchestrated MANIPULATIONS.
I personally do not look forward to 3rd friday...because the end GAME is always GUARENTEED......I lose & they win.............
FSLR was given an ABOUTFACE by Mr Cramer...after PUMPING 40 ways till Sunday's for many months............I guess everybody is PLAYING with both hands...one to SHOW & one to HIDE...............
Please continue doing your own due diligence..............there are TOO MANY SHARKS out there looking for your $$$...............
Good luck with 3rd Friday of the month................
BLOG does not give buy or sell.
Saleem
Today's FLATTISH closing was a planned & orchestrated MOVE....to control any further market GAINS.
It will be very interesting to WATCH where the MM/HF/BH..........take mine & your stock either INTRADAY or to close @ their desired levels.
Either this is Wall Street MAGIC or SEC has no interest in MONITORING orchestrated MANIPULATIONS.
I personally do not look forward to 3rd friday...because the end GAME is always GUARENTEED......I lose & they win.............
FSLR was given an ABOUTFACE by Mr Cramer...after PUMPING 40 ways till Sunday's for many months............I guess everybody is PLAYING with both hands...one to SHOW & one to HIDE...............
Please continue doing your own due diligence..............there are TOO MANY SHARKS out there looking for your $$$...............
Good luck with 3rd Friday of the month................
BLOG does not give buy or sell.
Saleem
Futures are WEAKER...WHY ???
Futures are weaker this AM @ 9AM...........
This is a NORMAL meandering before it starts its another FIRM close.
Worldwide markets were UP including Shanghai.
Chinese regulatory authorities are TIGHTENING the listing requirements for A index....to eliminate weaker companies for getting listed on this major exchange.
China is also allowing Chinese to invest 50% of their savings in foreign equities in world exchanges...to deal with balooning foreign exchange reserves.
OIL is flattish after being down for several days.....good for future inflation.
GOLD is in a MAJOR downward spiral...may continue till it finds its SUPPORT around $650 area.
OE will push all indices to its HIGHEST close today.
Lot of private equity chasing beaten down companies.
Lot of strong companies are buying back their equities in a BIG way......which is reducing supply of FLOATS.
Takeovers are also eliminating supply of equities and giving lot of Dollars to reinvest in other companies.
Now that is a HEALTHY conditions for an ongoing BULL market around the world......of course with SHARP corrections along the way.
Position in stronger stocks in a diversified manner.
Please continue doing your own due diligence.
BLOG does not give buy or sell.
Saleem
This is a NORMAL meandering before it starts its another FIRM close.
Worldwide markets were UP including Shanghai.
Chinese regulatory authorities are TIGHTENING the listing requirements for A index....to eliminate weaker companies for getting listed on this major exchange.
China is also allowing Chinese to invest 50% of their savings in foreign equities in world exchanges...to deal with balooning foreign exchange reserves.
OIL is flattish after being down for several days.....good for future inflation.
GOLD is in a MAJOR downward spiral...may continue till it finds its SUPPORT around $650 area.
OE will push all indices to its HIGHEST close today.
Lot of private equity chasing beaten down companies.
Lot of strong companies are buying back their equities in a BIG way......which is reducing supply of FLOATS.
Takeovers are also eliminating supply of equities and giving lot of Dollars to reinvest in other companies.
Now that is a HEALTHY conditions for an ongoing BULL market around the world......of course with SHARP corrections along the way.
Position in stronger stocks in a diversified manner.
Please continue doing your own due diligence.
BLOG does not give buy or sell.
Saleem
Wednesday, May 16, 2007
BULL market is for REAL $$$$$$$$$
Today we had another strong day.Markets closed @ the HIGHS of the day.
Dow closed @ new record.
Nasdaq was the STRONGEST of all indices...Closed @ ABSOLUTE HIGH of the day.
UP Volume was @ minimum 2 to 1 on major indices.
Look for a strong follow thru on thursday.
OE will be a Bad news for BEARS.
Inspite of Fast Money bad dream about GOOG crashing and instruction to sell/short by Swami Eric Bolling.......GOOG had its BEST day in a long time UP $14.
WFR announced a major stock buyback AH of $500 million .....stock UP AH.
MU announced a $1.1 billion in convertible......stock down AH.
HPQ ER was 1 cent better....stock UP AH.
AMAT drubbing was on the milder side down 61 cents on TRIPLE the volume.....hoping for GREEN on thursday.
Nice to see Nasdaq strength..................stay in strong stocks which I have identified daily.
Please do your due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
Dow closed @ new record.
Nasdaq was the STRONGEST of all indices...Closed @ ABSOLUTE HIGH of the day.
UP Volume was @ minimum 2 to 1 on major indices.
Look for a strong follow thru on thursday.
OE will be a Bad news for BEARS.
Inspite of Fast Money bad dream about GOOG crashing and instruction to sell/short by Swami Eric Bolling.......GOOG had its BEST day in a long time UP $14.
WFR announced a major stock buyback AH of $500 million .....stock UP AH.
MU announced a $1.1 billion in convertible......stock down AH.
HPQ ER was 1 cent better....stock UP AH.
AMAT drubbing was on the milder side down 61 cents on TRIPLE the volume.....hoping for GREEN on thursday.
Nice to see Nasdaq strength..................stay in strong stocks which I have identified daily.
Please do your due diligence & stay diversified.
BLOG does not give buy or sell.
Saleem
All Markets UP @ 1PM..............
Markets are trying to regain some footing today.
DOW,S&P & Nasdaq all are Eric Bolling GREEN $$$$$
Strong stocks are:
GOOG,NMX,WYNN,RIMM,SNE.
Weak stocks are:
LRCX,KLAC,SIRF,FSLR,VLO,AMAT,WFR.
It is interesting to note that GOOG is showing relative strength around 50dma.
On Green days ......strong stocks are participating.
Good luck on your trades.
BLOG does not give buy or sell.
Saleem
DOW,S&P & Nasdaq all are Eric Bolling GREEN $$$$$
Strong stocks are:
GOOG,NMX,WYNN,RIMM,SNE.
Weak stocks are:
LRCX,KLAC,SIRF,FSLR,VLO,AMAT,WFR.
It is interesting to note that GOOG is showing relative strength around 50dma.
On Green days ......strong stocks are participating.
Good luck on your trades.
BLOG does not give buy or sell.
Saleem
AMAT earnings & wall street/mm game playing !!!
AMAT earning from all count was AHEAD of wall street consensus.
AMAT GUIDANCE is also AHEAD of wall street consensus.
So where is the problem.......................
Goldman without knowing about earnings & guidance...decided to DOWNGRADE AMAT before OPEN yesterday...............why........stated reason....AMAT has moved UP 6% in the previous two sessions............. to $20 .49...............so AMAT DESERVED a DOWNGRADE.......
So if AMAT trades @ $19.26.......then all the LOGIC/RATIONALE of GOLDMAN'S downgrade is GONE...........$19.26 is 6% less than $20.49...............
I am really IMPRESSED with the QUALITY & INTEGRITY of research being done by Goldman & Wall Street................
To further make everybody's day..........Fast money GENIUS.............are calling for Nasdaq & S&P to fall off the CLIFF today.............Eric Bolling is LOADED with PUTS on both..............
I say not SO FAST Mr Bolling...you will be proven wrong AGAIN...even TODAY.
I am writing this @ 7.52 AM est..............and predicting a POSITIVE day for Nasdaq..........
I am keeping AMAT also.................as their SOLAR business is BOOMING...their expectation for this segment was $200 million for FY ending 10/07...........they are already @ $300 million and forecasting $400 million by 10/07...................Goldman & other DOOMSTERS should take a note of this.
Please do your OWN due diligence.
BLOG does not give buy or sell.
Good luck on your DIVERSIFIED trading.
Saleem
AMAT GUIDANCE is also AHEAD of wall street consensus.
So where is the problem.......................
Goldman without knowing about earnings & guidance...decided to DOWNGRADE AMAT before OPEN yesterday...............why........stated reason....AMAT has moved UP 6% in the previous two sessions............. to $20 .49...............so AMAT DESERVED a DOWNGRADE.......
So if AMAT trades @ $19.26.......then all the LOGIC/RATIONALE of GOLDMAN'S downgrade is GONE...........$19.26 is 6% less than $20.49...............
I am really IMPRESSED with the QUALITY & INTEGRITY of research being done by Goldman & Wall Street................
To further make everybody's day..........Fast money GENIUS.............are calling for Nasdaq & S&P to fall off the CLIFF today.............Eric Bolling is LOADED with PUTS on both..............
I say not SO FAST Mr Bolling...you will be proven wrong AGAIN...even TODAY.
I am writing this @ 7.52 AM est..............and predicting a POSITIVE day for Nasdaq..........
I am keeping AMAT also.................as their SOLAR business is BOOMING...their expectation for this segment was $200 million for FY ending 10/07...........they are already @ $300 million and forecasting $400 million by 10/07...................Goldman & other DOOMSTERS should take a note of this.
Please do your OWN due diligence.
BLOG does not give buy or sell.
Good luck on your DIVERSIFIED trading.
Saleem
Tuesday, May 15, 2007
AMAT beats top & bottom..guides low on new orders !!!
AMAT as expected beats on both top & bottom line.
Based on analysis I have read quickly...the negative AH reaction is because of guiding seqentially lower on new orders down 10 to 15%...but overall sales to be flat in Q3.
AMAT is guiding sales +- 2%.....which is flat sequentially..... but EPS higher than expected in Q3 between 30 to 32 cents vs consensus of 30 cents .
I am hoping that analyst may have some positive spin tommorrow...otherwise AH is an indication for tommorrow trades.
I will decide based on analyst reaction wether to keep AMAT or SELL.
Nasdaq behaved very POORLY today.....while DOW was green again.
JASO ER impacted all solar stocks in negative manner.
I am going to sell every stocks once I have profit to lock.
My portfolio as of todays close is STP,NVDA,JNPR,SNDK,AMAT & PDN.TO.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck on your diversified trades.
Saleem
Based on analysis I have read quickly...the negative AH reaction is because of guiding seqentially lower on new orders down 10 to 15%...but overall sales to be flat in Q3.
AMAT is guiding sales +- 2%.....which is flat sequentially..... but EPS higher than expected in Q3 between 30 to 32 cents vs consensus of 30 cents .
I am hoping that analyst may have some positive spin tommorrow...otherwise AH is an indication for tommorrow trades.
I will decide based on analyst reaction wether to keep AMAT or SELL.
Nasdaq behaved very POORLY today.....while DOW was green again.
JASO ER impacted all solar stocks in negative manner.
I am going to sell every stocks once I have profit to lock.
My portfolio as of todays close is STP,NVDA,JNPR,SNDK,AMAT & PDN.TO.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck on your diversified trades.
Saleem
Markets HIGHER midday !!!!
Three hours into trading, all indices @ its trading HIGHS today so far.
Markets have erased most of the losses from yesterday and added some more...................
Added more STP into this morning selloff to bring my average cost further down.
AMAT in a holding patterm @ 20+ level before its ER AH.
Strong stocks are :
MR,RIMM,GRMN,MA.
Weak stocks are:
TSL,STP,SNE,NMX.
Good luck on your strategy.
BLOG does not give buy or sell.
Saleem
Markets have erased most of the losses from yesterday and added some more...................
Added more STP into this morning selloff to bring my average cost further down.
AMAT in a holding patterm @ 20+ level before its ER AH.
Strong stocks are :
MR,RIMM,GRMN,MA.
Weak stocks are:
TSL,STP,SNE,NMX.
Good luck on your strategy.
BLOG does not give buy or sell.
Saleem
CPI tame ...FUTURES mixed !!!!!
CPI was better than expected on on overall numbers and came in line with core expectations of .2%.
As I have been verbalising for some time now ...that slowing in housing is putting a damper on inflationary spending....which is putting a brake on optimistic pricing in retail of all sorts.
Overnight markets were generally LOWER ..Shanghai , Hang seng were down..due to CPI jitters.
Markets will try to get back in groove today.
AMAT down 11 centsl in pre-market.... Goldman wants investors to take profit....because of 2 day runup.........I beg to DISAGREE.....AMAT is going higher...most analyst have $25 target ...and expecting good things from AMAT near & long term.
WMT profit were better,HD worse,MPEL were worse & JASO were better but the stock is down in pre-market.
Good luck to all in diversified trading.Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
As I have been verbalising for some time now ...that slowing in housing is putting a damper on inflationary spending....which is putting a brake on optimistic pricing in retail of all sorts.
Overnight markets were generally LOWER ..Shanghai , Hang seng were down..due to CPI jitters.
Markets will try to get back in groove today.
AMAT down 11 centsl in pre-market.... Goldman wants investors to take profit....because of 2 day runup.........I beg to DISAGREE.....AMAT is going higher...most analyst have $25 target ...and expecting good things from AMAT near & long term.
WMT profit were better,HD worse,MPEL were worse & JASO were better but the stock is down in pre-market.
Good luck to all in diversified trading.Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
Monday, May 14, 2007
Dow UP , Nasdaq & S&P DOWN !!!!
Today Dow continued its strength.........Just like Shanghai index which was UP again.
Nasdaq was the weakest of the 3 major Indices.........Down Almost 16.
Market seems to be waiting for CPI out @ 8.30 EST.
Any pullback is a good buying opportunity..........because markets are in an UPTREND.
Nasdaq put a dent in many strong stocks like RIMM,FSLR,MA to name a few.
AH earnings were generally UPBEAT SINA ( revenue UP but EPS down by 3 cents... DOWN AH),MR beat & raised guidance (UP AH).
Tuesday ER are JASO,WMT,DCX & AMAT to name a few.
On tuesday CPI will set the tone for the market.....then ER will set the tone for those stocks.
AMAT volume today was very heavy almost 52 million vs 25 million average daily volume closed UP 71 cents or 3.59%......bodes well for ER after close.
Good luck on your due diligence.
BLOG does not give buy or sell.
Saleem
Nasdaq was the weakest of the 3 major Indices.........Down Almost 16.
Market seems to be waiting for CPI out @ 8.30 EST.
Any pullback is a good buying opportunity..........because markets are in an UPTREND.
Nasdaq put a dent in many strong stocks like RIMM,FSLR,MA to name a few.
AH earnings were generally UPBEAT SINA ( revenue UP but EPS down by 3 cents... DOWN AH),MR beat & raised guidance (UP AH).
Tuesday ER are JASO,WMT,DCX & AMAT to name a few.
On tuesday CPI will set the tone for the market.....then ER will set the tone for those stocks.
AMAT volume today was very heavy almost 52 million vs 25 million average daily volume closed UP 71 cents or 3.59%......bodes well for ER after close.
Good luck on your due diligence.
BLOG does not give buy or sell.
Saleem
Dow ,S&P 500 STRONG..Nasdaq lagging !!!!
In the first Two hours of trading.............markets are mixed.
I am optimistic that Nasdaq will be able to erase 6 point loss.
Strong stocks are:
AMAT(New 52 wk High),TSL,AMD,SNDA ( upgraded by Bear Stearns),VLO,BIDU.
Weak stocks are:
GOOG,FSLR,RIMM,NYX,NMX,LVS,MPEL,AKAM.
Added more AMAT @ Open.
Another opportune time to build positions in strong stocks.
Good luck on your due diligence.
BLOG does not give buy or sell.
Saleem
I am optimistic that Nasdaq will be able to erase 6 point loss.
Strong stocks are:
AMAT(New 52 wk High),TSL,AMD,SNDA ( upgraded by Bear Stearns),VLO,BIDU.
Weak stocks are:
GOOG,FSLR,RIMM,NYX,NMX,LVS,MPEL,AKAM.
Added more AMAT @ Open.
Another opportune time to build positions in strong stocks.
Good luck on your due diligence.
BLOG does not give buy or sell.
Saleem
Sunday, May 13, 2007
STP & AMAT .....Next Stop !!!!!
STP the solar leader with the HIGHEST sales this year and projected HIGHEST Sales next year among all solar companies.
STP will BEAT FSLR & SPWR on Sales for both year.
STP closed @ $38.55 on friday.
STP 52 week HIGH is $40.49.
STP is only $1.94 below 52 week high...........Will it go right through $40.49 which STP did back in Feb..........
I am hoping that STP will go through and will make new Series of all time HIGH.............
STP on thursday hit intraday high of $39.58...only 91 cents below all time high..........then the market took a major tumble....nasdaq down almost 43.....STP also came down to $37.50..a $2.08 turnaround.
STP is almost positive on CMF..........
STP target by P&F chart is $52.........
With market & STP turaround on friday......we have a good chance of making new all time HIGHS in the coming week.
STP has been my #1 pick for the last 1 year...and have traded 11 times always with multiple point gain.
AMAT is reporting coming tuesday after close ...2nd Q earning are expected to be as follows:
Sales Q2 $2.35 billion Q3 $2.43 billion
+4.6% YOY
EPS Q2 28 cents Q3 30 cents
+7.6% YOY
AMAT has beat expectations 3/4 times in the last 4 qtrs.
So there is a good chance that AMAT will beat on EPS.
AMAT is also growing sales in solar business...and this area is a new growth area for AMAT.
AMAT is trading 13 cents away from 52 week high of $19.90.
There is a very good chance of AMAT going to new 52 week highs in the coming week.
Both P&F and UBS has a target price of $25.....UBS upgraded AMAT to BUY on friday.
AMAT is trading where it was back in Jan07.......so a major basing pattern in the last 5 months.
AMAT is trading @ 14.12 PE based on FY ending 10/08 earning expectation of $1.40 by UBS.
Markets are very volatile these days .......so it is PRUDENT to lock profit on a daily basis....where possible.....that is exactly what I am doing.
Trade the same stocks frequently.....but know FA/TA on every stocks you trade.
On a personal note...today is my 62nd birthday......so it is nice to share a happy moment in my life with all of you.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck to all in life & in trading.
Saleem
STP will BEAT FSLR & SPWR on Sales for both year.
STP closed @ $38.55 on friday.
STP 52 week HIGH is $40.49.
STP is only $1.94 below 52 week high...........Will it go right through $40.49 which STP did back in Feb..........
I am hoping that STP will go through and will make new Series of all time HIGH.............
STP on thursday hit intraday high of $39.58...only 91 cents below all time high..........then the market took a major tumble....nasdaq down almost 43.....STP also came down to $37.50..a $2.08 turnaround.
STP is almost positive on CMF..........
STP target by P&F chart is $52.........
With market & STP turaround on friday......we have a good chance of making new all time HIGHS in the coming week.
STP has been my #1 pick for the last 1 year...and have traded 11 times always with multiple point gain.
AMAT is reporting coming tuesday after close ...2nd Q earning are expected to be as follows:
Sales Q2 $2.35 billion Q3 $2.43 billion
+4.6% YOY
EPS Q2 28 cents Q3 30 cents
+7.6% YOY
AMAT has beat expectations 3/4 times in the last 4 qtrs.
So there is a good chance that AMAT will beat on EPS.
AMAT is also growing sales in solar business...and this area is a new growth area for AMAT.
AMAT is trading 13 cents away from 52 week high of $19.90.
There is a very good chance of AMAT going to new 52 week highs in the coming week.
Both P&F and UBS has a target price of $25.....UBS upgraded AMAT to BUY on friday.
AMAT is trading where it was back in Jan07.......so a major basing pattern in the last 5 months.
AMAT is trading @ 14.12 PE based on FY ending 10/08 earning expectation of $1.40 by UBS.
Markets are very volatile these days .......so it is PRUDENT to lock profit on a daily basis....where possible.....that is exactly what I am doing.
Trade the same stocks frequently.....but know FA/TA on every stocks you trade.
On a personal note...today is my 62nd birthday......so it is nice to share a happy moment in my life with all of you.
Please do your own due diligence.
BLOG does not give buy or sell.
Good luck to all in life & in trading.
Saleem
Stocks with Institutional BUYING !!!!!
The following is a list of stocks which have OUTPERFORMED the consensus expectations ..but also OUTPERFORMING the industry........Also seeing net buying among institutional investors.
USU,VLO,WOOF,WWIN,ZMH,MA,MEDX,MCO,MS,NOV,MYL,
QCOM,UPL,ISIL,CMG,DRI,HAS,JCI,SGP,LLL.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
USU,VLO,WOOF,WWIN,ZMH,MA,MEDX,MCO,MS,NOV,MYL,
QCOM,UPL,ISIL,CMG,DRI,HAS,JCI,SGP,LLL.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
Saturday, May 12, 2007
Good SHORT candidates.....maybe !!!!
Some technicians have concluded that these stocks have all the formations for Shorting.Again do your own checks and apply all the principles of preventing losses.Tight stop loss is highly recommended.
ANF,GG,BJS,NEM,CRUS,PWAV,GFI,CAG,CEM,LFC,EGY,NFX,LOGI,
ILMN,GYI,NSSC,HNR,IIG,SCS,ALNY,ABBI,MERC,AEL,MDRX,KR,FVE,
SWS,BMRN,SLXP,DJO,MSTR,VRTX,FL,ADS,ENER,NDN,AHG,IO,ITG.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
ANF,GG,BJS,NEM,CRUS,PWAV,GFI,CAG,CEM,LFC,EGY,NFX,LOGI,
ILMN,GYI,NSSC,HNR,IIG,SCS,ALNY,ABBI,MERC,AEL,MDRX,KR,FVE,
SWS,BMRN,SLXP,DJO,MSTR,VRTX,FL,ADS,ENER,NDN,AHG,IO,ITG.
Please do your own due diligence.
BLOG does not give BUY or SELL.
Saleem
Relative Momentum Stocks..............
Here is the list of MOMO stocks............Again please check fundamental analysis of these companies...........future events or changes may affect the stock price.
ABB,AMZN,ARGN,AQNT,BLX,BAM,BWLD,CPO,DECK,DSX,DLR,
ESLT,EGN,FIA,FTD,GILD,HAN,HMSY,HOC,KMGB,LVY,TVL,NTGR,
NUVA,NVDA,OMCL,PCR,RIMM,RKT,SGP,SPAR,SVU,SAM,TMO,VOCS,
VOLV,WST,WNR,WMY.
Please do your due diligence.
BLOG does not give buy or sell.
Good luck on your preparation for next week trades.
Saleem
ABB,AMZN,ARGN,AQNT,BLX,BAM,BWLD,CPO,DECK,DSX,DLR,
ESLT,EGN,FIA,FTD,GILD,HAN,HMSY,HOC,KMGB,LVY,TVL,NTGR,
NUVA,NVDA,OMCL,PCR,RIMM,RKT,SGP,SPAR,SVU,SAM,TMO,VOCS,
VOLV,WST,WNR,WMY.
Please do your due diligence.
BLOG does not give buy or sell.
Good luck on your preparation for next week trades.
Saleem
Technically Strong stocks FWIW
This is a list of technically strong stocks as defined by various technical formations.Please review this list with fundamental analysis.Also keep in mind that technicians cannot predict events which may affect the price of stocks.
NYSE
AMD,ALU,ICE,BBV,BOT,STD,GGC,MU,MHK,MRX,SU,UBB,ANF,HCC,TV,
CFC,ENG,CX,SCT.
Nasdaq
BIDU,KNXA,BMRN,ALTI,OMNI,ADSK,HSOA,DCEL,LIOX,UTHR,JRCC,
KNOT,HANS,FLOW.
TSX ( Toronto Stock Exchange)
CAE,MTL.UN,BNP.UN,GUY,TLC,CMT,MTK,CCR.UN,PDP,WTL,ELC,
TVC,HBM,SLW,REI.UN,CXX,CUQ,PES.UN,PEY.UN,NNO.WT,EN.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
NYSE
AMD,ALU,ICE,BBV,BOT,STD,GGC,MU,MHK,MRX,SU,UBB,ANF,HCC,TV,
CFC,ENG,CX,SCT.
Nasdaq
BIDU,KNXA,BMRN,ALTI,OMNI,ADSK,HSOA,DCEL,LIOX,UTHR,JRCC,
KNOT,HANS,FLOW.
TSX ( Toronto Stock Exchange)
CAE,MTL.UN,BNP.UN,GUY,TLC,CMT,MTK,CCR.UN,PDP,WTL,ELC,
TVC,HBM,SLW,REI.UN,CXX,CUQ,PES.UN,PEY.UN,NNO.WT,EN.
Please do your own due diligence.
BLOG does not give buy or sell.
Saleem
Friday, May 11, 2007
TAPE tells the REAL story !!!!!
Today markets came ROARING back with more conviction on all count.
Here is the breakdown of markets strength:
.............................NYSE.............Nasdaq
Total volume.........1415.39m.........845.8m
UP volume............1159.53m.........672.74m
Down volume..........243.61m........166.30m
Advance......................2539...........2087
Decline.........................744............888
New Highs.....................128.............89
New Lows.......................16.............65
What is interesting to see that UP volume was 4.75 times of down volume on NYSE.
On Nasdaq the UP volume was 4.045 times of down volume.
Advance decline was also very much in the BULLISH category...in New York it was 3.41 to 1 advance lead...in nasdaq it was 2.35 to 1 lead.
This is extremely significant after thursday's major selloff.
After a long time I have seen SO Many GREEN tickers.....with multiple points move.
Today's Up move was a major confidence builder for those traders ...who ALWAYS SEE GLASS HALF EMPTY $$$$$$$$$$.
On my Saturday post I will be highlighting Strong stocks as per technicians.
I am sure most of US benefitted from today's TAPE.
Please do your due diligence for next week.
BLOG does not give buy or sell.
Saleem
Here is the breakdown of markets strength:
.............................NYSE.............Nasdaq
Total volume.........1415.39m.........845.8m
UP volume............1159.53m.........672.74m
Down volume..........243.61m........166.30m
Advance......................2539...........2087
Decline.........................744............888
New Highs.....................128.............89
New Lows.......................16.............65
What is interesting to see that UP volume was 4.75 times of down volume on NYSE.
On Nasdaq the UP volume was 4.045 times of down volume.
Advance decline was also very much in the BULLISH category...in New York it was 3.41 to 1 advance lead...in nasdaq it was 2.35 to 1 lead.
This is extremely significant after thursday's major selloff.
After a long time I have seen SO Many GREEN tickers.....with multiple points move.
Today's Up move was a major confidence builder for those traders ...who ALWAYS SEE GLASS HALF EMPTY $$$$$$$$$$.
On my Saturday post I will be highlighting Strong stocks as per technicians.
I am sure most of US benefitted from today's TAPE.
Please do your due diligence for next week.
BLOG does not give buy or sell.
Saleem
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