Dow & markets slumped to month end selling...
Greenspan commented on US economy , housing & non-existing equity of US homeowner
speed ed up the selling from 100 to 206.....thanks Greenspan...now you can talk openly???
Nasdaq gave up only 4 points...nice !!!
Oil remained WEAK......
In my portfolio :
SOL rating 15/80 target $20.08...was among few green in solar .....
RIMM rating 45/30 target $131.20...among the strongest tech UP $3.60 in bad tape $$$$
HOD.TO was UP 4.6% on Nymex Oil being down.....a short ETF
AH bad news on Tysabri drug from ELN & BIIB......
Friday is all about Job LOSS????
BLOG does NOT give buy or sell.
Saleem
Thursday, July 31, 2008
OIL DOWN....Nasdaq UP....makes sense to ME $$$
Oil is down $2++ so far...right on cue....nice
NASDAQ UP also right on cue?
When markets have found SUPPORT...negative news only creates buying opportunity...
Markets are fighting all the expected economic news which was on the WEAK side.....
Tape IS telling me that economy has reached a TROUGH and will gradually build from here....
In my portfolio :
SOL UP 49 cents
RIMM UP $5.05
HOD.TO UP 39 cents
@ 11.19 AM the following in my watch list are green :
AAPL,FSLR,CSIQ,SOLF,JNPR,WFR,YGE,VMW,LDK,
WYNN,WYN,ISRG,CMED,VAR(new high),QLD,DUG,
SGP,GRMN,CIEN,JAVA.
BLOG does NOT give buy or sell.
Saleem
NASDAQ UP also right on cue?
When markets have found SUPPORT...negative news only creates buying opportunity...
Markets are fighting all the expected economic news which was on the WEAK side.....
Tape IS telling me that economy has reached a TROUGH and will gradually build from here....
In my portfolio :
SOL UP 49 cents
RIMM UP $5.05
HOD.TO UP 39 cents
@ 11.19 AM the following in my watch list are green :
AAPL,FSLR,CSIQ,SOLF,JNPR,WFR,YGE,VMW,LDK,
WYNN,WYN,ISRG,CMED,VAR(new high),QLD,DUG,
SGP,GRMN,CIEN,JAVA.
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 30, 2008
Oil UP almost $5 & Dow UP 186...times are CHANGING $$$
Today was "bear's NIGHTMARE"????
Oil UP $5
Dow UP 186
What BULLS were smoking today......
Must be the CONFIDENCE stuff...
Bear with all their MIGHTY $$$$ tried to bring the market DOWN...but they left the building with "no money for Mercedes/Lexus/Mansion"...nice , nice & VERY NICE !!!!
Today BEAR will rethink all their "short positions in many stocks"
So Thursday COULD see a Major "short covering RALLY"
In my portfolio :
Sold F and booked a loss of 24 cents per share...It reversed while market was near high in early going.....not liked the technical breakdown...have to pay attention to TAPE all the time.....
Bought Short position in Nymex crude when Oil was above $127 by buying my fav ETF HOD.TO ..my cost $8.36 missed absolute LOD by 10 cents....
My portfolio is RIMM,SOL & HOD.TO
SOL rating 30/80 target $20.13
RIMM rating 50/45 target $130.52
HOD.TO No TA.....Crude was UP sharply on major short covering...expecting it to pull back to $121 area...where I MAY exit......
FSLR had blowout ER...UP $27
V had good ER UP $3.50
MA reports before Open...expect Good ER
AKAM was the disaster Down almost $6
GRMN tanked almost $10 on weak guidance
Oil,Nat Gas,Ag & select tech took off.......
BLOG does NOT give buy or sell.
Saleem
Oil UP $5
Dow UP 186
What BULLS were smoking today......
Must be the CONFIDENCE stuff...
Bear with all their MIGHTY $$$$ tried to bring the market DOWN...but they left the building with "no money for Mercedes/Lexus/Mansion"...nice , nice & VERY NICE !!!!
Today BEAR will rethink all their "short positions in many stocks"
So Thursday COULD see a Major "short covering RALLY"
In my portfolio :
Sold F and booked a loss of 24 cents per share...It reversed while market was near high in early going.....not liked the technical breakdown...have to pay attention to TAPE all the time.....
Bought Short position in Nymex crude when Oil was above $127 by buying my fav ETF HOD.TO ..my cost $8.36 missed absolute LOD by 10 cents....
My portfolio is RIMM,SOL & HOD.TO
SOL rating 30/80 target $20.13
RIMM rating 50/45 target $130.52
HOD.TO No TA.....Crude was UP sharply on major short covering...expecting it to pull back to $121 area...where I MAY exit......
FSLR had blowout ER...UP $27
V had good ER UP $3.50
MA reports before Open...expect Good ER
AKAM was the disaster Down almost $6
GRMN tanked almost $10 on weak guidance
Oil,Nat Gas,Ag & select tech took off.......
BLOG does NOT give buy or sell.
Saleem
Market staying GREEN while Oil is Higher????
Markets are healthy green so far while Oil is UP???
Investors/traders must be getting more confident about Stock market.....
Solar stocks are rising back to back with few exception where they want to go today......
AH FSLR reports....
In my portfolio :
SOL UP 24 cents
RIMM UP $2.20
F Down 4 cents
Added more F cost went UP to $5.10......this IS my speculative play for 2008-2009
@11.32 AM the following are green :
AAPL,IPI,POT,AGU,JNPR,JASO,WFR,VMW,LDK,TKC,
JRCC,MA,BIDU,LVS,SOHU,VLO,SPWR,FSLR,ISRG,
CMED,FWLT,GSI,QLD,GS,LRCX.
GRMN,GLW guidance was WEAK ..are down sharply.
BLOG does NOT give buy or sell.
Saleem
Investors/traders must be getting more confident about Stock market.....
Solar stocks are rising back to back with few exception where they want to go today......
AH FSLR reports....
In my portfolio :
SOL UP 24 cents
RIMM UP $2.20
F Down 4 cents
Added more F cost went UP to $5.10......this IS my speculative play for 2008-2009
@11.32 AM the following are green :
AAPL,IPI,POT,AGU,JNPR,JASO,WFR,VMW,LDK,TKC,
JRCC,MA,BIDU,LVS,SOHU,VLO,SPWR,FSLR,ISRG,
CMED,FWLT,GSI,QLD,GS,LRCX.
GRMN,GLW guidance was WEAK ..are down sharply.
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 29, 2008
Market ERASED monday's loss & Gained MORE !!!
Markets did an about face on negative financial news from MER....
Everybody is claiming financials bottom is IN......
Markets character IS changing from Oil/Nat Gas to ????
That IS the question????
In my portfolio :
F rating 80/90 target $5.82
SOL rating 40/55 target $20.15
RIMM rating 75/40 target $125.13
Hoping for a follow thru on Solar & markets......
BLOG does NOT give buy or sell.
Saleem
Everybody is claiming financials bottom is IN......
Markets character IS changing from Oil/Nat Gas to ????
That IS the question????
In my portfolio :
F rating 80/90 target $5.82
SOL rating 40/55 target $20.15
RIMM rating 75/40 target $125.13
Hoping for a follow thru on Solar & markets......
BLOG does NOT give buy or sell.
Saleem
Nasdaq strongest so far....so GOOD !!!
Markets have found their "alternative day footing"
Wed could be reverse AGAIN ?????
OR
Can we make TWO days UP in a row.....wait for wed 4pm !!!!
Oil is taking it on the CHIN AGAIN ????
US$ is in BULL mode....
In my portfolio :
SOL UP 30 cents
RIMM UP $2.57
F UP 16 cents
@ 11.14 AM the following are green :
AAPL,IPI,TOL,HOD.TO,WFR,V,YGE,TKC,
CTRN,X(great ER),JRCC,NDAQ,WYNN,MA,
BIDU,WYN,LVS,NYX,NMX,SPWR,ISRG,
XLF,VAR,GOOG,FWLT,GSI,QLD,GS,
DUG,BRCM,AMZN,HPQ.
BLOG does NOT give buy or sell.
Saleem
Wed could be reverse AGAIN ?????
OR
Can we make TWO days UP in a row.....wait for wed 4pm !!!!
Oil is taking it on the CHIN AGAIN ????
US$ is in BULL mode....
In my portfolio :
SOL UP 30 cents
RIMM UP $2.57
F UP 16 cents
@ 11.14 AM the following are green :
AAPL,IPI,TOL,HOD.TO,WFR,V,YGE,TKC,
CTRN,X(great ER),JRCC,NDAQ,WYNN,MA,
BIDU,WYN,LVS,NYX,NMX,SPWR,ISRG,
XLF,VAR,GOOG,FWLT,GSI,QLD,GS,
DUG,BRCM,AMZN,HPQ.
BLOG does NOT give buy or sell.
Saleem
Monday, July 28, 2008
Markets took a beating...Down 2%....
Markets closed near lows of the day......
When Financials are taking a beating everything goes down......
SEC will make a decision about extending/broadening naked short sales.....
In my portfolio :
F rating 60/90 target $5.82.....F made a double bottom today????
SOL rating 60/90 target $19.73.....SOL fought negative tape well down 5 cents only....
RIMM rating 55/70 target $124.72......fared way-better than AAPL????
Steels/Coal /Nat gas stocks fared well......
BLOG does NOT give buy or sell.
Saleem
When Financials are taking a beating everything goes down......
SEC will make a decision about extending/broadening naked short sales.....
In my portfolio :
F rating 60/90 target $5.82.....F made a double bottom today????
SOL rating 60/90 target $19.73.....SOL fought negative tape well down 5 cents only....
RIMM rating 55/70 target $124.72......fared way-better than AAPL????
Steels/Coal /Nat gas stocks fared well......
BLOG does NOT give buy or sell.
Saleem
Markets near low of the day...Dow down 112.....
Markets are drifting lower since open and near lows of the day.......
Oil is UP......
Coal stocks are UP....
Steels are UP......
Oil stocks are UP.....
Gas stocks are UP......
In my portfolio :
SOL UP 21 cents
RIMM down $1.74
F down 16 cents
@ 11.20 AM the following stocks are green :
LDK,AGU,CCJ,JRCC,WYNN,BIDU,ABX,SPWR,
FSLR,CMED,FWLT,STP,X,CHK.
BLOG does NOT give buy or sell.
Saleem
Oil is UP......
Coal stocks are UP....
Steels are UP......
Oil stocks are UP.....
Gas stocks are UP......
In my portfolio :
SOL UP 21 cents
RIMM down $1.74
F down 16 cents
@ 11.20 AM the following stocks are green :
LDK,AGU,CCJ,JRCC,WYNN,BIDU,ABX,SPWR,
FSLR,CMED,FWLT,STP,X,CHK.
BLOG does NOT give buy or sell.
Saleem
Sunday, July 27, 2008
Solar stocks saying "don't cry for me SPAIN"
Solar sector which is the brightest among all sectors...is being treated WORST than sub-prime laden Financials lately.....
While some financials have doubled in 3 trading days......Solar stocks have broken down technically......
Are investors/traders crying for SPAIN too much?????
So how big is SPAIN in terms of total world demand????
Spain is 25.6% of world demand for 2008 which is expected to become 7.6% in 2009...
World demand is 3,900 MW this year...which IS expected to grow to 15,000 MW in 2012...a whopping 285% growth in next 4 years...a 71% annual growth rate per year...or 3750 MW growth every year ...almost as much as 2008 world output !!!!
Spain is proposing to cut their subsidy to 300 MW from expected 1000 MW in 2008...a 70% proposed cutback......
As you can clearly see that rest of the world will easily pick up 700 MW of Spain contraction as we will further add 3050 MW on top of Spain 700 MW for a total add-on of 3750 MW in 2009....
Based on "simple math based on current growth rate" 2009 SHOULD add 3750 + 3900 current base for a total of 7650 MW??? can it be less than this OPTIMISTIC number???
Yes.....
So let us take 700 MW of Spain drop from world demand completely...then we get current 3900 MW+ 3050 MW for 2009...then we get a total of 6950 MW ...a conservative growth rate of 78.2%......
Tell me .....which Sector is expected to grow near 78.2% in 2009......
Or to be SUPER CONSERVATIVE let us work with long term growth rate of 71% which will increase worldwide demand by another 2769 MW......
So...the bottom line IS 71% growth rate is nothing to SNEEZE @........
Which companies have the biggest exposure in Spain???
STP,JASO,YGE,CSIQ,SPWR & TSL......which Barron's is saying have substantial revenue from Spain.....
BUT if you look @ the tape of these stocks ...it gives mixed picture in terms of price decline....
So.....how severe is the haircut TECHNICALLY speaking ????
I am using 50 DMA as a reference point...to see how far each stock is below 50 DMA ....based on the stocks I am analyzing they are ALL below 50 DMA????
FSLR <3.2%>
SPWR <5.2%>
STP <15.2%>
LDK <16.9%>
YGE <18.7%>
JASO <23.2%>
SOL <25.7%>
CSIQ <26%>
TSL <29.5%>
SOLF <30.3%>
I personally believe that SPAIN issue has been discounted with the worst case scenario......some stocks are trading @ or near IPO prices.....while their business has GROWN 300% to 500%.....
I am hoping for these stocks to make a sharp comeback on any positive legislation/initiative from US,Japan,Italy,China,India who are all feeling the need for more Electricity .........
I have every reason to continue my CONVICTION in Solar stocks as they are beaten to one year ago levels.......in most cases !!!
Cost of Polysilicon are also coming down from current $450 per Kilo.......the actual cost to produce is only $30 per Kilo...so if Poly comes down to $250...still Wafer makers like SOL,LDK & WFR will laugh all the way to the bank......moreover the cost of Solar cells will come down sharply for wider adoption/parity with other competing energy......
So ...stay with Solar stocks & do not CRY for SPAIN !!!!!!
Future is very SUNNY for MOST Solar stocks $$$$$$
BLOG does NOT give buy or sell.
Saleem
While some financials have doubled in 3 trading days......Solar stocks have broken down technically......
Are investors/traders crying for SPAIN too much?????
So how big is SPAIN in terms of total world demand????
Spain is 25.6% of world demand for 2008 which is expected to become 7.6% in 2009...
World demand is 3,900 MW this year...which IS expected to grow to 15,000 MW in 2012...a whopping 285% growth in next 4 years...a 71% annual growth rate per year...or 3750 MW growth every year ...almost as much as 2008 world output !!!!
Spain is proposing to cut their subsidy to 300 MW from expected 1000 MW in 2008...a 70% proposed cutback......
As you can clearly see that rest of the world will easily pick up 700 MW of Spain contraction as we will further add 3050 MW on top of Spain 700 MW for a total add-on of 3750 MW in 2009....
Based on "simple math based on current growth rate" 2009 SHOULD add 3750 + 3900 current base for a total of 7650 MW??? can it be less than this OPTIMISTIC number???
Yes.....
So let us take 700 MW of Spain drop from world demand completely...then we get current 3900 MW+ 3050 MW for 2009...then we get a total of 6950 MW ...a conservative growth rate of 78.2%......
Tell me .....which Sector is expected to grow near 78.2% in 2009......
Or to be SUPER CONSERVATIVE let us work with long term growth rate of 71% which will increase worldwide demand by another 2769 MW......
So...the bottom line IS 71% growth rate is nothing to SNEEZE @........
Which companies have the biggest exposure in Spain???
STP,JASO,YGE,CSIQ,SPWR & TSL......which Barron's is saying have substantial revenue from Spain.....
BUT if you look @ the tape of these stocks ...it gives mixed picture in terms of price decline....
So.....how severe is the haircut TECHNICALLY speaking ????
I am using 50 DMA as a reference point...to see how far each stock is below 50 DMA ....based on the stocks I am analyzing they are ALL below 50 DMA????
FSLR <3.2%>
SPWR <5.2%>
STP <15.2%>
LDK <16.9%>
YGE <18.7%>
JASO <23.2%>
SOL <25.7%>
CSIQ <26%>
TSL <29.5%>
SOLF <30.3%>
I personally believe that SPAIN issue has been discounted with the worst case scenario......some stocks are trading @ or near IPO prices.....while their business has GROWN 300% to 500%.....
I am hoping for these stocks to make a sharp comeback on any positive legislation/initiative from US,Japan,Italy,China,India who are all feeling the need for more Electricity .........
I have every reason to continue my CONVICTION in Solar stocks as they are beaten to one year ago levels.......in most cases !!!
Cost of Polysilicon are also coming down from current $450 per Kilo.......the actual cost to produce is only $30 per Kilo...so if Poly comes down to $250...still Wafer makers like SOL,LDK & WFR will laugh all the way to the bank......moreover the cost of Solar cells will come down sharply for wider adoption/parity with other competing energy......
So ...stay with Solar stocks & do not CRY for SPAIN !!!!!!
Future is very SUNNY for MOST Solar stocks $$$$$$
BLOG does NOT give buy or sell.
Saleem
Saturday, July 26, 2008
BUY rated stocks for "a STABLE market "
Following stocks are flashing buy signal.Please do your own due diligence by checking FA/TA/TAPE.
ACTL,CELG,DRIV,EXTR,HLIT,JNPR,KOPN,SIMG,
AMT,BEC,IAG,MSO,PLA,TWN,SNY.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ACTL,CELG,DRIV,EXTR,HLIT,JNPR,KOPN,SIMG,
AMT,BEC,IAG,MSO,PLA,TWN,SNY.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "a STABLE market "
Following stocks are showing technical strength based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
GAIN,MBLX,VSAT,USNA,NVEC,DECK,NFLX,MSTR,
PKX,FTEK,LXK,CHRS,HGSI,VLNC,PETS,ZNH,FRP,
RNT,ESI,LAVA.
BLOG does NOT give buy or sell.
Saleem
GAIN,MBLX,VSAT,USNA,NVEC,DECK,NFLX,MSTR,
PKX,FTEK,LXK,CHRS,HGSI,VLNC,PETS,ZNH,FRP,
RNT,ESI,LAVA.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a STABLE market "
Following stocks are showing technical weakness based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
SWIR,JOYG,SWKS,PQ,OII,BRCM,QID,NOV,CSUN,MBT,
KGC,ENER.
BLOG does NOT give buy or sell.
Saleem
SWIR,JOYG,SWKS,PQ,OII,BRCM,QID,NOV,CSUN,MBT,
KGC,ENER.
BLOG does NOT give buy or sell.
Saleem
Friday, July 25, 2008
Nasdaq closed stronger than other indices !!!
Markets closed green with NASDAQ being the strongest.
Oil continued its slump ending @ $123.26.....far cry from its heady days of $147.27.....
$24 slump in oil will do wonder for world economies......
In my portfolio :
F rating 45/75 target $5.82
SOL rating 50/90 target $20.23
RIMM rating 78/45 target $124.05
Ag came back to life after POT got upgraded.....
Steel & Coal were strong after ACH came up with good ER....
Techs were strong which included JNPR,QCOM,AAPL,GOOG,RVBD.....
By 10AM I will post a list of technically weak/strong & buy rated stocks.
BLOG does NOT give buy or sell.
PS...GOOG had the BLOG out of commission for posting for an hr....thus the delay !!!
Saleem
Oil continued its slump ending @ $123.26.....far cry from its heady days of $147.27.....
$24 slump in oil will do wonder for world economies......
In my portfolio :
F rating 45/75 target $5.82
SOL rating 50/90 target $20.23
RIMM rating 78/45 target $124.05
Ag came back to life after POT got upgraded.....
Steel & Coal were strong after ACH came up with good ER....
Techs were strong which included JNPR,QCOM,AAPL,GOOG,RVBD.....
By 10AM I will post a list of technically weak/strong & buy rated stocks.
BLOG does NOT give buy or sell.
PS...GOOG had the BLOG out of commission for posting for an hr....thus the delay !!!
Saleem
Markets are stable As Data rolls in....
Markets are stable after tanking yesterday.....
All economic numbers are coming better than expected......
Consumer confidence will continue to rise as Oil comes down.....
In my portfolio :
SOL down 14 cents
RIMM UP $1.12
F UP 13 cents
@ 1137 AM the following are green :
POT(upgrade),MON,AGU,AAPL,JNPR,IPI,CSIQ(upgrade),
JASO,WFR,V,TKC,CTRN,ICE,CCJ,JRCC,NDAQ,MA,NYX,NMX,
VLO,SPWR,CMED,GOOG,FWLT,QLD,ICO,X....
BLOG does NOT give buy or sell.
Saleem
All economic numbers are coming better than expected......
Consumer confidence will continue to rise as Oil comes down.....
In my portfolio :
SOL down 14 cents
RIMM UP $1.12
F UP 13 cents
@ 1137 AM the following are green :
POT(upgrade),MON,AGU,AAPL,JNPR,IPI,CSIQ(upgrade),
JASO,WFR,V,TKC,CTRN,ICE,CCJ,JRCC,NDAQ,MA,NYX,NMX,
VLO,SPWR,CMED,GOOG,FWLT,QLD,ICO,X....
BLOG does NOT give buy or sell.
Saleem
Thursday, July 24, 2008
Markets took it on the chin????
Markets closed near low of the day......
Drop was in straight line...down , down & down into close....
Dow ended down 2.43% ....
Why the drop?
Financials went UP like crazy...so it had to correct in a hurry....
In my portfolio :
Bought RIMM cost $115.50
Bought F cost $5.06
Portfolio is F,SOL & RIMM......
F rating 80/40 target $5.75
SOL rating 45/90 target $20.06
RIMM rating 70/75 target $125.42
All solar except FSLR went down on low volume......touching recent LOWS????
AH CROX warned ...down 50%
AH JNPR raised guidance UP $2
POT ER failed to sustain AG and they all turned south with exception of MON which I follow...
POT selling was a classic sell the news in a bearish environment...AGU broke down badly...a technical breakdown near 50 DMA?????
Still too much hysteria by CNBC about Steve Jobs health???? leave the guy alone..he needs to recover from whatever is troubling him.......AAPL down $7????lowest RECENT close ????
BLOG does NOT give buy or sell.
Saleem
Drop was in straight line...down , down & down into close....
Dow ended down 2.43% ....
Why the drop?
Financials went UP like crazy...so it had to correct in a hurry....
In my portfolio :
Bought RIMM cost $115.50
Bought F cost $5.06
Portfolio is F,SOL & RIMM......
F rating 80/40 target $5.75
SOL rating 45/90 target $20.06
RIMM rating 70/75 target $125.42
All solar except FSLR went down on low volume......touching recent LOWS????
AH CROX warned ...down 50%
AH JNPR raised guidance UP $2
POT ER failed to sustain AG and they all turned south with exception of MON which I follow...
POT selling was a classic sell the news in a bearish environment...AGU broke down badly...a technical breakdown near 50 DMA?????
Still too much hysteria by CNBC about Steve Jobs health???? leave the guy alone..he needs to recover from whatever is troubling him.......AAPL down $7????lowest RECENT close ????
BLOG does NOT give buy or sell.
Saleem
Markets near low of the day.....
Markets are weak in all indices....
Oil sightly green......
In my portfolio :
Sold AGU & booked a loss of $1.32 per share......
SOL down 88 cents
@ 11.38 AM the following are green :
AMZN,BIDU,EGO,CTRN,ICE,YHOO,SOHU,
SNE,VAR(new high),DUG.....
POT had blowout ER..Ag sector was UP but reversed course...a bad Technical indicator... MUST accept verdict of market.
BLOG does NOT give buy or sell.
Saleem
Oil sightly green......
In my portfolio :
Sold AGU & booked a loss of $1.32 per share......
SOL down 88 cents
@ 11.38 AM the following are green :
AMZN,BIDU,EGO,CTRN,ICE,YHOO,SOHU,
SNE,VAR(new high),DUG.....
POT had blowout ER..Ag sector was UP but reversed course...a bad Technical indicator... MUST accept verdict of market.
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 23, 2008
Nasdaq showed strength today !!!!
NASDAQ was the strongest sector @ close......
Oil tanked to lowest level.....
Gold slumped near support area......
US$ showing real strength.....
Financials still strong...
Airlines "lovin IT"
So ...the investment thesis is changing !!!!
In my portfolio :
Bought AGU cost $92.....POT reports before open...it will be a blowout report & strong guidance which should boost AGU & AG sector.....
AGU rating 60/90 target $110.70
SOL rating 45/55 target $18.05
AH BIDU,AMZN had blowout ER UP,UP & UP $8 to $32
WFR is the-disaster Down $12 on miss & weak Semi sector.....
QCOM is in the process of settling with NOK UP $5.......
Thursday is shaping UP to be a good day for techs.....
Superstar today was ISRG UP $50.90 on blowout ER......
BLOG does NOT give buy or sell.
Saleem
Oil tanked to lowest level.....
Gold slumped near support area......
US$ showing real strength.....
Financials still strong...
Airlines "lovin IT"
So ...the investment thesis is changing !!!!
In my portfolio :
Bought AGU cost $92.....POT reports before open...it will be a blowout report & strong guidance which should boost AGU & AG sector.....
AGU rating 60/90 target $110.70
SOL rating 45/55 target $18.05
AH BIDU,AMZN had blowout ER UP,UP & UP $8 to $32
WFR is the-disaster Down $12 on miss & weak Semi sector.....
QCOM is in the process of settling with NOK UP $5.......
Thursday is shaping UP to be a good day for techs.....
Superstar today was ISRG UP $50.90 on blowout ER......
BLOG does NOT give buy or sell.
Saleem
Markets staying green...so far
Markets are staying in green but looking mini overbought in the short term.....
Oil is down but improved from low level.....
Gold is down $20.....
US$ is strong AGAIN !!!!
In my portfolio :
Sold AAPL booked $7 profit per share......
SOL UP 20 cents....
Portfolio is SOL a super sized position......
@ 11.22 AM the following are green :
AAPL,RIMM,AMZN(reports AH),TOL,CSIQ,JASO,WFR,
CTRN,YHOO,IGT,WYNN,BIDU(reports AH),WYN,LVS,SOHU,
NYX,NMX,ISRG,IBN,GOOG,QLD,DUG,HPQ,AZO.
It is a stock picker market in stocks trading range.....
BLOG does NOT give buy or sell.
Saleem
Oil is down but improved from low level.....
Gold is down $20.....
US$ is strong AGAIN !!!!
In my portfolio :
Sold AAPL booked $7 profit per share......
SOL UP 20 cents....
Portfolio is SOL a super sized position......
@ 11.22 AM the following are green :
AAPL,RIMM,AMZN(reports AH),TOL,CSIQ,JASO,WFR,
CTRN,YHOO,IGT,WYNN,BIDU(reports AH),WYN,LVS,SOHU,
NYX,NMX,ISRG,IBN,GOOG,QLD,DUG,HPQ,AZO.
It is a stock picker market in stocks trading range.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 22, 2008
Markets Green all over !!!!
Markets gave a jolt to "sell the rally crowd" AGAIN......
Traders who SHORTED on the base of negative ER.....got BURNED badly today.....
Old sure trades are stalling badly......
US$ on the move UP.....
OIL moving Lower....
GOLD moving Lower....
The trades picture has CHANGE rapidly......
In my portfolio :
Added AAPL ......cost went down to $161......
Added SOL ...... cost went down to $17.96......
Portfolio remained AAPL & SOL.....more SUPER SIZED !!!!
AAPL rating 55/55 target $177.54
SOL rating 40/55 target $17.99
Solar sector took on the chin again as SPAIN is moving ahead with recommending lower subsidy..FSLR,CSIQ hurt badly today....who have the biggest exposure....
Financials were on a tear AGAIN.......
Markets are looking good ...as they are ABLE to overcome media negativity......
ISRG ER was a beat & guide HIGHER UP $33 AH.....
BRCM reported a beat...but saying expenses will be higher in Q3 down $1.60
BLOG does NOT give buy or sell.
Saleem
Traders who SHORTED on the base of negative ER.....got BURNED badly today.....
Old sure trades are stalling badly......
US$ on the move UP.....
OIL moving Lower....
GOLD moving Lower....
The trades picture has CHANGE rapidly......
In my portfolio :
Added AAPL ......cost went down to $161......
Added SOL ...... cost went down to $17.96......
Portfolio remained AAPL & SOL.....more SUPER SIZED !!!!
AAPL rating 55/55 target $177.54
SOL rating 40/55 target $17.99
Solar sector took on the chin again as SPAIN is moving ahead with recommending lower subsidy..FSLR,CSIQ hurt badly today....who have the biggest exposure....
Financials were on a tear AGAIN.......
Markets are looking good ...as they are ABLE to overcome media negativity......
ISRG ER was a beat & guide HIGHER UP $33 AH.....
BRCM reported a beat...but saying expenses will be higher in Q3 down $1.60
BLOG does NOT give buy or sell.
Saleem
Dow UP on Negative laced ER ????
Dow is forcing many to scratch their head in disbelief.......
Shorts cannot understand WHY Dow is green.......
Markets humbles the best of traders including shorts.....
Nice to see financials showing relative strength AGAIN.....
Lies,Distortions,Manipulations has a shelf life of few hours.....
In my portfolio :
AAPL Down $12.55.... ABOVE magic "breakout number of $153.72" ......SHORT SQUEEZE coming @ a trading desk near you......
Citigroup has a target of $287 with a buy rating as of today...they actually increased their estimate for Q4 to $1.20 vs AAPL guidance of $1?????
SOL Down 70 cents...showing relative strength among Solar stocks????
@ 11.24 AM the following stocks are green:
WB,C,TOL,HOD.TO,CTRN,ICE,NDAQ,WYNN,
WYN,LVS,NYX,NMX,XLF,VAR,IBN,GOOG,
GS,DUG,SNY,GRMN.
BLOG does NOT give buy or sell.
Saleem
Shorts cannot understand WHY Dow is green.......
Markets humbles the best of traders including shorts.....
Nice to see financials showing relative strength AGAIN.....
Lies,Distortions,Manipulations has a shelf life of few hours.....
In my portfolio :
AAPL Down $12.55.... ABOVE magic "breakout number of $153.72" ......SHORT SQUEEZE coming @ a trading desk near you......
Citigroup has a target of $287 with a buy rating as of today...they actually increased their estimate for Q4 to $1.20 vs AAPL guidance of $1?????
SOL Down 70 cents...showing relative strength among Solar stocks????
@ 11.24 AM the following stocks are green:
WB,C,TOL,HOD.TO,CTRN,ICE,NDAQ,WYNN,
WYN,LVS,NYX,NMX,XLF,VAR,IBN,GOOG,
GS,DUG,SNY,GRMN.
BLOG does NOT give buy or sell.
Saleem
Monday, July 21, 2008
APPL beats Sales & EPS by 11 cents ..but guides LOWER..Stock takes a pounding in AH...
AAPL as usual beats on both Top & Bottom line but as per tradition guides LOWER than consensus......
AAPL stock IS down sharply in AH down $18.08 from close......
AAPL is guiding Revenue sequentially HIGHER but taking margins LOWER due to promotion for back to school.....margins going LOWER from 34.8% in Q3 to 31.5% in Q4 due to product transition......AAPL also BEATS margin guidance.....
This IS a classic setup by AAPL to BEAT all over Again & Reposition margins for Q4 & Q1 the strongest Q.......
Fast Money made FALSE statement about AAPL that Steve Jobs is not attending CC for the first time.....absolutely False statement ...Steve Jobs NEVER attends CC.....
Steve Jobs health was given too much air time by CNBC...which is UNFAIR...Steve Jobs is CEO who IS enjoying his role with approval of AAPL Board......
I am keeping AAPL......
My portfolio remains AAPL & SOL.....
Many sectors were strong like AG,Coal,Steel,Oil,Nat Gas......
BLOG does NOT give buy or sell.
Saleem
AAPL stock IS down sharply in AH down $18.08 from close......
AAPL is guiding Revenue sequentially HIGHER but taking margins LOWER due to promotion for back to school.....margins going LOWER from 34.8% in Q3 to 31.5% in Q4 due to product transition......AAPL also BEATS margin guidance.....
This IS a classic setup by AAPL to BEAT all over Again & Reposition margins for Q4 & Q1 the strongest Q.......
Fast Money made FALSE statement about AAPL that Steve Jobs is not attending CC for the first time.....absolutely False statement ...Steve Jobs NEVER attends CC.....
Steve Jobs health was given too much air time by CNBC...which is UNFAIR...Steve Jobs is CEO who IS enjoying his role with approval of AAPL Board......
I am keeping AAPL......
My portfolio remains AAPL & SOL.....
Many sectors were strong like AG,Coal,Steel,Oil,Nat Gas......
BLOG does NOT give buy or sell.
Saleem
Markets are in a holding pattern for direction????
Markets are hovering around flatline......
Markets are waiting for new catalyst.....
AAPL "may provide" new catalyst AH????
In my portfolio :
AAPL Down $1.03....AAPL reports AH consensus IS EPS $1.08 Sales $7.37 Billion....then it will be all about GUIDANCE stret is @ EPS $1.24 Sales $8.32
SOL UP 43 cents
@11.18 AM the following stocks are green:
POT,MON,AGU,IPI,SNDK,RIMM,JNPR,JASO,
WFR,V,YGE,LDK,C,ICE,CCJ,JRCC,WYNN,BIDU,
LVS,SOHU,AUY,VLO,TSO,ABX,SPWR,XLF,IBN,
FWLT,STP,X.....
BLOG does NOT give buy or sell.
Saleem
Markets are waiting for new catalyst.....
AAPL "may provide" new catalyst AH????
In my portfolio :
AAPL Down $1.03....AAPL reports AH consensus IS EPS $1.08 Sales $7.37 Billion....then it will be all about GUIDANCE stret is @ EPS $1.24 Sales $8.32
SOL UP 43 cents
@11.18 AM the following stocks are green:
POT,MON,AGU,IPI,SNDK,RIMM,JNPR,JASO,
WFR,V,YGE,LDK,C,ICE,CCJ,JRCC,WYNN,BIDU,
LVS,SOHU,AUY,VLO,TSO,ABX,SPWR,XLF,IBN,
FWLT,STP,X.....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 20, 2008
Have we seen the-most painful bear tape in history???
There IS lot of debate IF we have seen THE BOTTOM or A BOTTOM.....
These discussions have only one purpose...to CONFUSE the-hell out of real issue..IF serious money CAN be made from hereon????
There IS too much emphasis on calling THE BOTTOM instead of highlighting tremendous opportunity which IS @ hand.....
WHY...there is NO FOCUS on the-best BUYING opportunity in 8 years.....????
Because....It does NOT increase ratings on CNBC/FOX......
FEAR about markets BOOST rating big time....as listeners are GLUED to CNBC looking for answers from "anchor desk"......
The quality of ANCHOR DESK has "serious deficiency" in KNOWLEDGE/DEPTH/UNDERSTANDING of markets.....
CNBC MUST explain that their FOCUS IS on next 10 minutes of trading.....as they are FIXATED on "current tape & sky IS falling syndrome"
If you would have stayed in quality stocks like RIMM,AAPL,GOOG,AMZN...you are actually AHEAD in this PAINFUL 12 months......
Why last 12 months was "painful"...because one sector troubles affected everything else.....
Some CONTRA TRENDS made serious money like OIL,AG,STEEL,COAL....but most of US missed that completely...
With NO RECESSION markets tanked to bear market category.....
With NO Unemployment RISING market tanked to bear market category....
CORE rate INFLATION is still in "manageable category" but market tanked into bear market territory.......
No wonder I could NOT see the light of this DISTRESS.....
So where are we NOW.......???
Is the bear tape almost OVER....YES
Are we going to see improving ER from High growth companies like AAPL,RIMM,BRCM...YES
Have financials "discounted" sub this ,sub that ISSUES......YES
Has the new "bull market started" in S&P 500 1200 area where there is solid SUPPORT...YES
Few things will help to BOLSTER your confidence in market :
STOP watching CNBC/FOX unless it is to FEAST your EYES not BRAIN......
STOP watching CNBC/FOX unless that is the-only entertainment you like.....
Start doing your OWN research for fast growing companies especially in EARNINGS category.
This IS a start of a MAJOR UPTREND which will last several years......
The question IS are you going to do anything different...or CONTINUE to look for "QUICK FIXES" from MB,BLOGS,CNBC,FOX,IBD.......
My "humble suggestion" is to improve your OWN knowledge of TA alongwith solid Fundamental research......that IS the reason I do NOT subscribe to any FA/TA service????
I get real sense of company trends by following 50 companies closely by reading all news and ER......@ least that has KEPT me in the game for 40 years......
So... are you READY to catch the next 2,000 points on the Dow????
Do you have the RIGHT stocks to OPTIMIZE your returns????
What is OPTIMIZED returns???
If Dow goes UP 20%...by having the right stocks your returns COULD be as high as 50% in the same time frame......
I know it sounds all good on paper.....but with hardcore analysis & timing ...it IS possible not only achieve 50% but you CAN "BEAT IT"......
Good luck with your OWN Warren Buffett approach with a dash of TA !!!!
You CAN do IT!!!!!
BLOG does NOT give buy or sell.
Saleem
These discussions have only one purpose...to CONFUSE the-hell out of real issue..IF serious money CAN be made from hereon????
There IS too much emphasis on calling THE BOTTOM instead of highlighting tremendous opportunity which IS @ hand.....
WHY...there is NO FOCUS on the-best BUYING opportunity in 8 years.....????
Because....It does NOT increase ratings on CNBC/FOX......
FEAR about markets BOOST rating big time....as listeners are GLUED to CNBC looking for answers from "anchor desk"......
The quality of ANCHOR DESK has "serious deficiency" in KNOWLEDGE/DEPTH/UNDERSTANDING of markets.....
CNBC MUST explain that their FOCUS IS on next 10 minutes of trading.....as they are FIXATED on "current tape & sky IS falling syndrome"
If you would have stayed in quality stocks like RIMM,AAPL,GOOG,AMZN...you are actually AHEAD in this PAINFUL 12 months......
Why last 12 months was "painful"...because one sector troubles affected everything else.....
Some CONTRA TRENDS made serious money like OIL,AG,STEEL,COAL....but most of US missed that completely...
With NO RECESSION markets tanked to bear market category.....
With NO Unemployment RISING market tanked to bear market category....
CORE rate INFLATION is still in "manageable category" but market tanked into bear market territory.......
No wonder I could NOT see the light of this DISTRESS.....
So where are we NOW.......???
Is the bear tape almost OVER....YES
Are we going to see improving ER from High growth companies like AAPL,RIMM,BRCM...YES
Have financials "discounted" sub this ,sub that ISSUES......YES
Has the new "bull market started" in S&P 500 1200 area where there is solid SUPPORT...YES
Few things will help to BOLSTER your confidence in market :
STOP watching CNBC/FOX unless it is to FEAST your EYES not BRAIN......
STOP watching CNBC/FOX unless that is the-only entertainment you like.....
Start doing your OWN research for fast growing companies especially in EARNINGS category.
This IS a start of a MAJOR UPTREND which will last several years......
The question IS are you going to do anything different...or CONTINUE to look for "QUICK FIXES" from MB,BLOGS,CNBC,FOX,IBD.......
My "humble suggestion" is to improve your OWN knowledge of TA alongwith solid Fundamental research......that IS the reason I do NOT subscribe to any FA/TA service????
I get real sense of company trends by following 50 companies closely by reading all news and ER......@ least that has KEPT me in the game for 40 years......
So... are you READY to catch the next 2,000 points on the Dow????
Do you have the RIGHT stocks to OPTIMIZE your returns????
What is OPTIMIZED returns???
If Dow goes UP 20%...by having the right stocks your returns COULD be as high as 50% in the same time frame......
I know it sounds all good on paper.....but with hardcore analysis & timing ...it IS possible not only achieve 50% but you CAN "BEAT IT"......
Good luck with your OWN Warren Buffett approach with a dash of TA !!!!
You CAN do IT!!!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, July 19, 2008
BUY rated stocks for "a new BULL market "
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
ADBE,ATVID,CROX,ENCY,ISRG,JRJC,SOHU,WYNN,
BAC,BCS,BXP,GM,GU,HAS,LUX,MBI,MFC,NSM,PHM,
UA,RDY,TV.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ADBE,ATVID,CROX,ENCY,ISRG,JRJC,SOHU,WYNN,
BAC,BCS,BXP,GM,GU,HAS,LUX,MBI,MFC,NSM,PHM,
UA,RDY,TV.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "a new BULL market "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
NG,FRX,AIR,COT,MR,APD,MCRL,BWLD,ATHR,MIPS,
EPAY,CP,FEIC,JCG,ALNY,BRP,PWR,AVR,BKC,OMCL,
BXP,OLX,HRL.
BLOG does NOT give buy or sell.
Saleem
NG,FRX,AIR,COT,MR,APD,MCRL,BWLD,ATHR,MIPS,
EPAY,CP,FEIC,JCG,ALNY,BRP,PWR,AVR,BKC,OMCL,
BXP,OLX,HRL.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a new BULL market "
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE:
EGO,MON,OXY,ACI,CNX,NCOC,EP,SCHN,MO,OSTK,
OIS.
BLOG does NOT give buy or sell.
Saleem
EGO,MON,OXY,ACI,CNX,NCOC,EP,SCHN,MO,OSTK,
OIS.
BLOG does NOT give buy or sell.
Saleem
Friday, July 18, 2008
Markets are looking GOOD @ close !!!!
Dow has made tremendous progress by closing in green AGAIN !!!!
Financials as a group has stabilized......
Wachovia earnings will be poor as expected.....
Investors/Traders psychology has changed for the better......
In my portfolio :
AAPL rating 50/70 target $191.25
SOL rating 50/45 target $19.52
TSL announced Convertible today of $120 million plus 4,073,194 ADS shares to underwriters to be sold for $28 with a provision of Short Sale.....,convertible is priced @ $29.52 in 2013....
Next for Secondary financing is YGE...
By 10 AM Saturday I will list technically weak/strong & buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
Financials as a group has stabilized......
Wachovia earnings will be poor as expected.....
Investors/Traders psychology has changed for the better......
In my portfolio :
AAPL rating 50/70 target $191.25
SOL rating 50/45 target $19.52
TSL announced Convertible today of $120 million plus 4,073,194 ADS shares to underwriters to be sold for $28 with a provision of Short Sale.....,convertible is priced @ $29.52 in 2013....
Next for Secondary financing is YGE...
By 10 AM Saturday I will list technically weak/strong & buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
Another GREEN day in Dow ......
Markets are reasserting bullish slant so far......
NASDAQ is in deep RED...thanks to GOOG & MSFT......
Oil has a weak tape...barely green...so far
Financials on FIRE again...thanks to C better than expected ER....
Gold down $13......
In my portfolio :
AAPL Down $3.15...weak tape ahead of ER Monday AH
SOL UP $1.13......strong technical action showing... relative strength among Solar stocks$$$
@11.23 AM the following stocks are green :
PMCS,TOL,FRE,LDK,C,TKC,WYNN,LVS,SOHU,SPWR,
ISRG,XLF,IBN,X,CIEN.....
BLOG does NOT give buy or sell.
Saleem
NASDAQ is in deep RED...thanks to GOOG & MSFT......
Oil has a weak tape...barely green...so far
Financials on FIRE again...thanks to C better than expected ER....
Gold down $13......
In my portfolio :
AAPL Down $3.15...weak tape ahead of ER Monday AH
SOL UP $1.13......strong technical action showing... relative strength among Solar stocks$$$
@11.23 AM the following stocks are green :
PMCS,TOL,FRE,LDK,C,TKC,WYNN,LVS,SOHU,SPWR,
ISRG,XLF,IBN,X,CIEN.....
BLOG does NOT give buy or sell.
Saleem
Thursday, July 17, 2008
Markets had back to back GAIN !!!!
Markets are showing decisive strength back to back....
Friday COULD be another story.......
AH ER were below expectations......
GOOG,MSFT,MER all left bad taste.......
Most Techs were down down down in AH......
Friday IS OE.....so more trouble in the cards.....
In my portfolio :
Bought more SOL...cost went down to $18.36
AAPL rating 25/65 target $192.62...reports AH Monday
SOL rating 40/55 target $17.99
Financials were strong AGAIN......
OIL tanked AGAIN.....3 days in a row...ready for a technical bounce????
Gold down......
US$ UP......
Solar stocks took it on the chin...on rumour of Spain subsidy reduction & SPWR ER was lacklustre......
CSIQ priced their stock offering @ $34.....
AH ESLR ER was a MISS & guiding LOWER for Q3......
BLOG does NOT give buy or sell.
Saleem
Friday COULD be another story.......
AH ER were below expectations......
GOOG,MSFT,MER all left bad taste.......
Most Techs were down down down in AH......
Friday IS OE.....so more trouble in the cards.....
In my portfolio :
Bought more SOL...cost went down to $18.36
AAPL rating 25/65 target $192.62...reports AH Monday
SOL rating 40/55 target $17.99
Financials were strong AGAIN......
OIL tanked AGAIN.....3 days in a row...ready for a technical bounce????
Gold down......
US$ UP......
Solar stocks took it on the chin...on rumour of Spain subsidy reduction & SPWR ER was lacklustre......
CSIQ priced their stock offering @ $34.....
AH ESLR ER was a MISS & guiding LOWER for Q3......
BLOG does NOT give buy or sell.
Saleem
Markets are trying for another green close !!!
Markets are trying for another green close......
GOOG & IBM reports AH....which will set the tone for Techs.....
In my portfolio :
Sold HOD.TO and booked a gain of $1.22 or a gain of 19.2% in few days.....
Bought 15% more SOL...my cost went down to $18.91......you can see that I am possessed by SOL.......
AAPL UP 86 cents
SOL down 45 cents
Portfolio is AAPL & SOL......
@ 11.41 AM the following are green :
PMCS (reports AH),TOL,RIMM,JNPR,WFR,V,VMW,
POT,C,WYNN,MA,BIDU,SOHU,NMX,VLO,XLF,SNE,
VAR,IBN,GS,AGU......
BLOG does NOT give buy or sell.
Saleem
GOOG & IBM reports AH....which will set the tone for Techs.....
In my portfolio :
Sold HOD.TO and booked a gain of $1.22 or a gain of 19.2% in few days.....
Bought 15% more SOL...my cost went down to $18.91......you can see that I am possessed by SOL.......
AAPL UP 86 cents
SOL down 45 cents
Portfolio is AAPL & SOL......
@ 11.41 AM the following are green :
PMCS (reports AH),TOL,RIMM,JNPR,WFR,V,VMW,
POT,C,WYNN,MA,BIDU,SOHU,NMX,VLO,XLF,SNE,
VAR,IBN,GS,AGU......
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 16, 2008
Markets closed UP 2.5%+++
Markets closed near high of the day.......
Financials were on a tear......
Many sectors were strong....
Easy day to make money if you were in RIGHT sector......
In my portfolio :
AAPL rating 40/60 target $191.15......reports Monday AH
SOL rating 60/50 target $18.99...looking strong based on tape action for many days !!!!
HOD.TO No TA.....Oil is looking very WEAK.......
SPWR ER before open.....good report will move all solar stocks !!!!
BLOG does NOT give buy or sell.
Saleem
Financials were on a tear......
Many sectors were strong....
Easy day to make money if you were in RIGHT sector......
In my portfolio :
AAPL rating 40/60 target $191.15......reports Monday AH
SOL rating 60/50 target $18.99...looking strong based on tape action for many days !!!!
HOD.TO No TA.....Oil is looking very WEAK.......
SPWR ER before open.....good report will move all solar stocks !!!!
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1223.02.... so far so good !!!
S&P 500 went down to 1211.57 and headed back UP......a good technical picture !!!
When everyone is sure....that market IS going DOWN......that is when markets proves skeptics WRONG......
Oil took a "huge Hit of $6++" on bulging inventory......or "demand destruction"
This weekend US & Iranian officials are meeting in Geneva to call a "truce" in propaganda war....this will put further pressure on Oil prices..
Prediction for Oil price IS to go to $129 where support exist.....
In my portfolio :
AAPL UP 35 cents
SOL UP $1.08
HOD.TO UP 45 cents
@ 11.26 AM the following stocks are green :
C,FNM,FRE,GM,XLF,UYG,TOL,MRVL,CSIQ,
JASO,YGE,SOLF,WFR,V,CTRN,ICE,YHOO,
WYNN,NDAQ,TKC,MA,BIDU,LVS,SOHU,NYX,
NMX,FSLR,SPWR,ISRG,AMZN,VAR,IBN,
GOOG,QLD,DUG,LRCX,GRMN.
BLOG does NOT give buy or sell.
Saleem
When everyone is sure....that market IS going DOWN......that is when markets proves skeptics WRONG......
Oil took a "huge Hit of $6++" on bulging inventory......or "demand destruction"
This weekend US & Iranian officials are meeting in Geneva to call a "truce" in propaganda war....this will put further pressure on Oil prices..
Prediction for Oil price IS to go to $129 where support exist.....
In my portfolio :
AAPL UP 35 cents
SOL UP $1.08
HOD.TO UP 45 cents
@ 11.26 AM the following stocks are green :
C,FNM,FRE,GM,XLF,UYG,TOL,MRVL,CSIQ,
JASO,YGE,SOLF,WFR,V,CTRN,ICE,YHOO,
WYNN,NDAQ,TKC,MA,BIDU,LVS,SOHU,NYX,
NMX,FSLR,SPWR,ISRG,AMZN,VAR,IBN,
GOOG,QLD,DUG,LRCX,GRMN.
BLOG does NOT give buy or sell.
Saleem
SOL & Solar stocks on FIRE in pre-market $$$
SOL & Solar stocks are on fire in pre-market on heavy volume.....
First Solar announced TWO solar contract with Southern California Edison a division of Edison International.....
First Solar will install largest roof top power plant system in California....
This acceptance bodes well for the future of Solar installations in California & around the world.
BLOG does NOT give buy or sell.
Saleem
First Solar announced TWO solar contract with Southern California Edison a division of Edison International.....
First Solar will install largest roof top power plant system in California....
This acceptance bodes well for the future of Solar installations in California & around the world.
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 15, 2008
Dow closed below 11,000.........
Dow closed below 11,000 ...a major reversal of fortunes .......
Today after a long long time I see new 52 week low hitting 1154 on NYSE and 527 in NASDAQ...NYSE low is an EXTREME bearish condition......
If we believe all the technicians then there is prediction of MORE downward pressure to come....
Technicians are predicting 5 to 10% rally from here ....then back to new LOWS......
If I have to interpret "technicians speak"...they are suggesting a low of below 10,000.......
Only time will tell.......
In my portfolio :
AAPL rating 30/70 target $187.77
SOL rating 85/95 target $18.94
HOD.TO No TA.....NYMEX Crude made a triple top today......Fundamentals for Crude is NOT looking good with worldwide economic slowdown.......
Among strong stocks were BRCM,DUG,SGP,PMCS,SPWR,NMX,GRMN,
AMZN,LDK.....
AH INTC ER was OK.....
BLOG does NOT give buy or sell.
Saleem
Today after a long long time I see new 52 week low hitting 1154 on NYSE and 527 in NASDAQ...NYSE low is an EXTREME bearish condition......
If we believe all the technicians then there is prediction of MORE downward pressure to come....
Technicians are predicting 5 to 10% rally from here ....then back to new LOWS......
If I have to interpret "technicians speak"...they are suggesting a low of below 10,000.......
Only time will tell.......
In my portfolio :
AAPL rating 30/70 target $187.77
SOL rating 85/95 target $18.94
HOD.TO No TA.....NYMEX Crude made a triple top today......Fundamentals for Crude is NOT looking good with worldwide economic slowdown.......
Among strong stocks were BRCM,DUG,SGP,PMCS,SPWR,NMX,GRMN,
AMZN,LDK.....
AH INTC ER was OK.....
BLOG does NOT give buy or sell.
Saleem
IS "mother of all Bear Market ended @ S&P 500 1200.43"???
Have we reached a "bear market LOW @ S&P 500 of 1200.43"?????
The crack in OIL is saying YES !!!!!
OIL...the perfect chart & perfect trade is CRUMBLING ...so much for staying with WHAT IS WORKING ????
In my portfolio :
Added 8% more SOL..my cost went down to $19.09.....Hey one of these days....I will be AHEAD $$$$
AAPL Down $2.98...many analyst are weighing in about their prediction for next Monday ER....they are generally "less UPBEAT"....which IS a good thing...based on their channel check????
SOL Down 43 cents
HOD.TO UP 73 cents
@ 11.21 AM the following are green on my watch list :
PMCS,NVDA,IGT,CCJ,NMX,VLO,VAR,TSO,DUG,BRCM,
SGP,GRMN,ABX......
BLOG does NOT give buy or sell.
Saleem
The crack in OIL is saying YES !!!!!
OIL...the perfect chart & perfect trade is CRUMBLING ...so much for staying with WHAT IS WORKING ????
In my portfolio :
Added 8% more SOL..my cost went down to $19.09.....Hey one of these days....I will be AHEAD $$$$
AAPL Down $2.98...many analyst are weighing in about their prediction for next Monday ER....they are generally "less UPBEAT"....which IS a good thing...based on their channel check????
SOL Down 43 cents
HOD.TO UP 73 cents
@ 11.21 AM the following are green on my watch list :
PMCS,NVDA,IGT,CCJ,NMX,VLO,VAR,TSO,DUG,BRCM,
SGP,GRMN,ABX......
BLOG does NOT give buy or sell.
Saleem
Monday, July 14, 2008
Bear Market BOTTOM struggle going ON......
Bears are trying to push this market LOWER.......
Some buyers are stepping IN to challenge Bear tape......
Those who pick up bargain near bottom is USUALLY rewarded big time.....
In my portfolio :
AAPL rating 40/65 target $187.75......Market tape overpowers AAPL outstanding Fundamental News of 1 million 3G iphone Sales......Also some traders selling to capture any gains in this lousy tape.....
SOL rating 85/60 target $17.99......SOL showing back to back gains...sign of excellent technicals...
HOD.TO No TA....OIL tape looking very TOPPY...sign of distribution NEAR top end of range..
Strong sectors included Solar & AG.......
CSIQ AH announces another offering of Stock Sales of 4+ million shares.....It was expected alongwith TSL & YGE......
Market is bracing for bad inflation data & Ben Bernanke testimony.....
BLOG does NOT give buy or sell.
Saleem
Some buyers are stepping IN to challenge Bear tape......
Those who pick up bargain near bottom is USUALLY rewarded big time.....
In my portfolio :
AAPL rating 40/65 target $187.75......Market tape overpowers AAPL outstanding Fundamental News of 1 million 3G iphone Sales......Also some traders selling to capture any gains in this lousy tape.....
SOL rating 85/60 target $17.99......SOL showing back to back gains...sign of excellent technicals...
HOD.TO No TA....OIL tape looking very TOPPY...sign of distribution NEAR top end of range..
Strong sectors included Solar & AG.......
CSIQ AH announces another offering of Stock Sales of 4+ million shares.....It was expected alongwith TSL & YGE......
Market is bracing for bad inflation data & Ben Bernanke testimony.....
BLOG does NOT give buy or sell.
Saleem
Markets building SUPPORT......
Markets are in building support phase.......
Technicians/Hedge funds are STILL selling every rally to take the markets LOWER.....
Will they succeed in tanking the markets further????
I have serious doubt.....maybe a TOKEN low but nothing to hang their hat on......
This week IS very important for base building in markets......
IF markets do NOT hit new LOWS in a meaningful manner...then those waiting on sidelines will feel SAFE to do some buying !!!!
Next week will be very INTERESTING !!!!
In my portfolio :
Added 8% more SOL @ open...my cost went down to $19.42.....
AAPL UP $3.46 after reporting a very impressive 1 million 3G iphone sales in 3 days...Sales of add-on Application was also beyond any prediction......
SOL UP 58 cents
HOD.TO UP 3 cents
@11.29AM the following stocks on my watch list is green:
CSIQ(pre-release of Q2 results guiding higher for FY 08),
SOLF(announced contract),TOL,JASO,VMW,LDK,POT,
IPI,CCJ,JRCC,NDAQ,MA,AUY,ABX,FSLR,ISRG,AGU.
BLOG does NOT give buy or sell.
Saleem
Technicians/Hedge funds are STILL selling every rally to take the markets LOWER.....
Will they succeed in tanking the markets further????
I have serious doubt.....maybe a TOKEN low but nothing to hang their hat on......
This week IS very important for base building in markets......
IF markets do NOT hit new LOWS in a meaningful manner...then those waiting on sidelines will feel SAFE to do some buying !!!!
Next week will be very INTERESTING !!!!
In my portfolio :
Added 8% more SOL @ open...my cost went down to $19.42.....
AAPL UP $3.46 after reporting a very impressive 1 million 3G iphone sales in 3 days...Sales of add-on Application was also beyond any prediction......
SOL UP 58 cents
HOD.TO UP 3 cents
@11.29AM the following stocks on my watch list is green:
CSIQ(pre-release of Q2 results guiding higher for FY 08),
SOLF(announced contract),TOL,JASO,VMW,LDK,POT,
IPI,CCJ,JRCC,NDAQ,MA,AUY,ABX,FSLR,ISRG,AGU.
BLOG does NOT give buy or sell.
Saleem
Sunday, July 13, 2008
WHEN the "new bull market will start"????
Dow went to 10,977.68 on Friday from a high of 14,200..a stunning drop of 3222.32 Dow points or 22.6%...well into "bear market territory".......
Technicians/Hedge Funds HAVE positioned for more drop.......
So...How LOW will Dow GO????
My guess is between 10,000 to 10,500 on DOW ...so another 3.4% to 6.9% a total drop of 29.5% IS a possibility...
My educated GUESS tells me it SHOULD be more like 10,500 on Dow.......
So ...if we take a PROBABLE number of 10,500 which is about 600 Dow points away......it should take coming week to FINISH the "bear market" which started last October.....10 months ago.....
THEN......AFTER coming week !!!!!
We.....start work on CREATING a brand new "bull market"
Do you know that there is NO definition of a bull market.......
Most followers of this market are predicting a "strong rally from bear market LOWS"
So what is a strong rally?
I will say anything from 10% to 15% on Dow points......
So we are getting CLOSE to a rally of ABOUT 1500 Dow points.......
Now the question IS.......
Are you positioned to take advantage of this "strong rally which CAN spill over into 20% gain which MAY be about 2,000 Dow points".....as markets always OVERDO on both ends.......
It will be WISE to position with STRONG STOCKS where Sales & Earnings are GROWING faster than any other sector.....
We all have our favourites like AG,STEEL,COAL,OIL,GAS,SOLAR,TECH,GOLD,PHARMA......
What IS my thesis for this strong rally :
OIL heading to $120
GOLD heading to $800
US$ getting STRONG
That is enough to start a QUICK TURNAROUND in markets.....
My portfolio is:
AAPL............ Tech sector
SOL ...............Solar play
HOD.TO....... Short ETF on NYMEX CRUDE prices......
Hope you are READY to position for next trend which is looking UP !!!!
BLOG does NOT give buy or sell.
Saleem
Technicians/Hedge Funds HAVE positioned for more drop.......
So...How LOW will Dow GO????
My guess is between 10,000 to 10,500 on DOW ...so another 3.4% to 6.9% a total drop of 29.5% IS a possibility...
My educated GUESS tells me it SHOULD be more like 10,500 on Dow.......
So ...if we take a PROBABLE number of 10,500 which is about 600 Dow points away......it should take coming week to FINISH the "bear market" which started last October.....10 months ago.....
THEN......AFTER coming week !!!!!
We.....start work on CREATING a brand new "bull market"
Do you know that there is NO definition of a bull market.......
Most followers of this market are predicting a "strong rally from bear market LOWS"
So what is a strong rally?
I will say anything from 10% to 15% on Dow points......
So we are getting CLOSE to a rally of ABOUT 1500 Dow points.......
Now the question IS.......
Are you positioned to take advantage of this "strong rally which CAN spill over into 20% gain which MAY be about 2,000 Dow points".....as markets always OVERDO on both ends.......
It will be WISE to position with STRONG STOCKS where Sales & Earnings are GROWING faster than any other sector.....
We all have our favourites like AG,STEEL,COAL,OIL,GAS,SOLAR,TECH,GOLD,PHARMA......
What IS my thesis for this strong rally :
OIL heading to $120
GOLD heading to $800
US$ getting STRONG
That is enough to start a QUICK TURNAROUND in markets.....
My portfolio is:
AAPL............ Tech sector
SOL ...............Solar play
HOD.TO....... Short ETF on NYMEX CRUDE prices......
Hope you are READY to position for next trend which is looking UP !!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, July 12, 2008
BUY rated stocks for "Start of a new BULL market "
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA & recent tape action.
RGLD,WIRE,VOLC,SSTI,SOAP,REGN,QDEL,PAAS,
NMHC,MNTA,MMSI,MEDX,LIHR,IPCC,IDRA,HCBK,
AMRY,ENCY,BUD,GG,AEM,HK,HL,SLW,WLB.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
RGLD,WIRE,VOLC,SSTI,SOAP,REGN,QDEL,PAAS,
NMHC,MNTA,MMSI,MEDX,LIHR,IPCC,IDRA,HCBK,
AMRY,ENCY,BUD,GG,AEM,HK,HL,SLW,WLB.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "Start of a new BULL market "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA & recent tape action.
SMMX,VIVO,MNTA,PDGI,CLF,DSX,VNUS,ISRG,
DRYS,FACE,ATHR,GNK,MAIL,XING,DUG,TIBX,
ALSK,CTDC,BIDU,NETL,SPTN,RYL.
BLOG does NOT give buy or sell.
Saleem
SMMX,VIVO,MNTA,PDGI,CLF,DSX,VNUS,ISRG,
DRYS,FACE,ATHR,GNK,MAIL,XING,DUG,TIBX,
ALSK,CTDC,BIDU,NETL,SPTN,RYL.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "Start of a new BULL market "
Following stocks are showing technical weakness based on various formations.Please do your own due diligence by checking FA/TA & recent tape.
ECA,JDSU,LULU,NXY,ECA,RIMM,CSC,FL,MU,
GS,TSL,JCP,TOL,CSCO,OXY,PCZ,SLB.
BLOG does NOT give buy or sell.
Saleem
ECA,JDSU,LULU,NXY,ECA,RIMM,CSC,FL,MU,
GS,TSL,JCP,TOL,CSCO,OXY,PCZ,SLB.
BLOG does NOT give buy or sell.
Saleem
Friday, July 11, 2008
S&P 500 new 52 WK low 1225.35..Closed 1239.49...
S&P 500 went to the lowest level again... but closed ABOVE yesterday's LOW AGAIN !!!
VIX spiked UP to 30.......
1220 on S&P 500 is a support area...BUT solid support IS around 1170 area.....
Financials tanked again as FRE & FNM were losing almost 50% @ low......
In my portfolio :
AAPL rating 25/75 target $187.75
SOL rating 85/60 target $17.99
HOD.TO No TA...goes opposite of Nymex Crude ...It is a BEAR ETF on Nymex Oil....
Few stocks were green which included ISRG,MA,IPI,POT,ABX,GG,AUY,KGC,
SOL,JASO,SPWR,ICE,VMW,QID,SDS,DXD,ICO,JRCC.....
By 10AM saturday I will post list of technically weak/strong and buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
VIX spiked UP to 30.......
1220 on S&P 500 is a support area...BUT solid support IS around 1170 area.....
Financials tanked again as FRE & FNM were losing almost 50% @ low......
In my portfolio :
AAPL rating 25/75 target $187.75
SOL rating 85/60 target $17.99
HOD.TO No TA...goes opposite of Nymex Crude ...It is a BEAR ETF on Nymex Oil....
Few stocks were green which included ISRG,MA,IPI,POT,ABX,GG,AUY,KGC,
SOL,JASO,SPWR,ICE,VMW,QID,SDS,DXD,ICO,JRCC.....
By 10AM saturday I will post list of technically weak/strong and buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 Low 1227.02 ..new 52 week LOW....
Markets are in freefall AGAIN......
Thanks to inaction by world leaders in taking any concrete steps to take world economy from a MAJOR SLUMP......
As usual "too many photo ops" & nothing to show for.......
Talk is cheap...it is ACTION which IS needed....but it take FOCUS & RESOLVE to deal with tough situations....SADLY no real leaders exist anymore......
In my portfolio :
When Oil was above $147 bought a short position in Nymex Crude..it is an ETF bear which tracks Nymex Crude prices.....this ETF started @ $25...but I bought today @ new all time low of $6.33.....Its symbol is HOD.TO
So my portfolio is AAPL,SOL & HOD.TO
AAPL Down $2.76
SOL UP 50 cents
HOD.TO $6.59.....I am UP 26 cents per share or 4.1% so far....
Oil bullish trade is a "very crowded trade"...It MAY end badly for some.....
@ 11.31 AM stocks which are UP includes ISRG,
MA(included in S&P500), JASO,LDK,ICE,JRCC,NDAQ,WYNN,AUY,
KGC,GG,ABX,VAR.
BLOG does NOT give buy or sell.
Saleem
Thanks to inaction by world leaders in taking any concrete steps to take world economy from a MAJOR SLUMP......
As usual "too many photo ops" & nothing to show for.......
Talk is cheap...it is ACTION which IS needed....but it take FOCUS & RESOLVE to deal with tough situations....SADLY no real leaders exist anymore......
In my portfolio :
When Oil was above $147 bought a short position in Nymex Crude..it is an ETF bear which tracks Nymex Crude prices.....this ETF started @ $25...but I bought today @ new all time low of $6.33.....Its symbol is HOD.TO
So my portfolio is AAPL,SOL & HOD.TO
AAPL Down $2.76
SOL UP 50 cents
HOD.TO $6.59.....I am UP 26 cents per share or 4.1% so far....
Oil bullish trade is a "very crowded trade"...It MAY end badly for some.....
@ 11.31 AM stocks which are UP includes ISRG,
MA(included in S&P500), JASO,LDK,ICE,JRCC,NDAQ,WYNN,AUY,
KGC,GG,ABX,VAR.
BLOG does NOT give buy or sell.
Saleem
What GE gives Oil/FRE/FNM takes it away .....
GE ER was in line with a beat on Sales.....
Oil running out of control again......
Oil @ all-time high on words that Israeli Air force will take another peak @ Iranian nuke facilities......The question IS
What will happen if Iranian fire a missile on Israeli Plane...$200 Oil????
FRE & FNM are losing most of their value again today......
Markets are all set to take 52 week lows.....
This IS all part of bottoming process in a Bear market.....
It Ain't over till its OVER......
Position yourself in quality stocks with "limited exposure"
Always maintain your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
Oil running out of control again......
Oil @ all-time high on words that Israeli Air force will take another peak @ Iranian nuke facilities......The question IS
What will happen if Iranian fire a missile on Israeli Plane...$200 Oil????
FRE & FNM are losing most of their value again today......
Markets are all set to take 52 week lows.....
This IS all part of bottoming process in a Bear market.....
It Ain't over till its OVER......
Position yourself in quality stocks with "limited exposure"
Always maintain your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
Thursday, July 10, 2008
Financials DOWN & S&P 500 UP 8.71????
S&P 500 went to new 52 week LOW @ 1236.76 but managed to close @ 1253.39 ABOVE previous LOW !!!!
Technically markets are "washed out 10 times over"
There is NO capitulation HIGH volume on hitting new LOWS......
VIX is NOT hitting "proverbial 36 area"
So...It is NOT wise to short a "dull market"
In my portfolio :
AAPL rating 25/45 target $187.77....3G iphone goes on sale midnight around the world...lot of excitement on this mobile medium...lot of new games/applications being rolled out by hundreds of independent developers some are even FREE.....3G iphone actually has a button for new application to browse from.......I expect this 3G iphone to be a huge success and AAPL will get tremendous top-line & bottom-line growth......Halo effect for Macs is a GIVEN.......
SOL rating 100/95 target $17.33.....Looks like SOL is just about ready to move UP........
Today many sectors participated in late rally......
Oil stocks were UP
Gas stocks were UP
Coal stocks were UP
Steels stocks were UP
Ag came along for the ride also
Gold stocks were UP
Mining stocks were UP
US Solar rocketed UP...Chinese solar were barely green except for strength in LDK......
Select techs showed strength also.......
So...who cares.....that financials tanked AGAIN !!!!!
Looks like markets are "on the verge of a MAJOR RALLY"
BLOG does NOT give buy or sell.
Saleem
Technically markets are "washed out 10 times over"
There is NO capitulation HIGH volume on hitting new LOWS......
VIX is NOT hitting "proverbial 36 area"
So...It is NOT wise to short a "dull market"
In my portfolio :
AAPL rating 25/45 target $187.77....3G iphone goes on sale midnight around the world...lot of excitement on this mobile medium...lot of new games/applications being rolled out by hundreds of independent developers some are even FREE.....3G iphone actually has a button for new application to browse from.......I expect this 3G iphone to be a huge success and AAPL will get tremendous top-line & bottom-line growth......Halo effect for Macs is a GIVEN.......
SOL rating 100/95 target $17.33.....Looks like SOL is just about ready to move UP........
Today many sectors participated in late rally......
Oil stocks were UP
Gas stocks were UP
Coal stocks were UP
Steels stocks were UP
Ag came along for the ride also
Gold stocks were UP
Mining stocks were UP
US Solar rocketed UP...Chinese solar were barely green except for strength in LDK......
Select techs showed strength also.......
So...who cares.....that financials tanked AGAIN !!!!!
Looks like markets are "on the verge of a MAJOR RALLY"
BLOG does NOT give buy or sell.
Saleem
Where IS the bottom in Financials & in Markets ???
Everybody is asking same question over & over.....
Where is the bottom in financials & markets......
This question has attained the status of a "sporting phenomenon"
I do NOT know anybody who has predicted any bottom in markets EVER????
So WHY the obsession with "BOTTOM"????
Most investors/traders do NOT buy S&P500 /NASDAQ 100/Dow 30.....
@ these attractive level there are many stocks which are trading well-below their "normal PE"
Everybody wants a "guarantee that these stocks will not go DOWN"
Well there is NO guarantee even in roaring bull markets.......
It will be WISE/PROFITABLE to concentrate on stocks whose FA/TA is looking very COMPELLING......
How about looking @ your OWN watch list & see which stocks are primed for a sustained move UP......I am sure you know of FEW stocks already......
So...do your OWN homework & start NIBBLING !!!!!
In my portfolio :
AAPL UP $1.95...Friday is the worldwide launch of iphone..there IS lineup to buy from Tokyo to New York........
SOL UP 23 cents
@11.31 AM the following stocks on my watch list is GREEN :
MRVL,ICO,GSI,V,VMW,LDK,POT,MA,ABX,SPWR,FSLR,
SNE,IBN,GOOG,FWLT,GS,QLD,QQQQ,X,ACH.
BLOG does NOT give buy or sell.
Saleem
Where is the bottom in financials & markets......
This question has attained the status of a "sporting phenomenon"
I do NOT know anybody who has predicted any bottom in markets EVER????
So WHY the obsession with "BOTTOM"????
Most investors/traders do NOT buy S&P500 /NASDAQ 100/Dow 30.....
@ these attractive level there are many stocks which are trading well-below their "normal PE"
Everybody wants a "guarantee that these stocks will not go DOWN"
Well there is NO guarantee even in roaring bull markets.......
It will be WISE/PROFITABLE to concentrate on stocks whose FA/TA is looking very COMPELLING......
How about looking @ your OWN watch list & see which stocks are primed for a sustained move UP......I am sure you know of FEW stocks already......
So...do your OWN homework & start NIBBLING !!!!!
In my portfolio :
AAPL UP $1.95...Friday is the worldwide launch of iphone..there IS lineup to buy from Tokyo to New York........
SOL UP 23 cents
@11.31 AM the following stocks on my watch list is GREEN :
MRVL,ICO,GSI,V,VMW,LDK,POT,MA,ABX,SPWR,FSLR,
SNE,IBN,GOOG,FWLT,GS,QLD,QQQQ,X,ACH.
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 9, 2008
S&P 500 back in Bear Market @ close ????
S&P 500 closed @ 1244.68 only 4 points ABOVE 52 wk LOW...
All the indices are in "bear market territory"
Markets are very unpredictable near bear market lows...
You will notice that NOT all stocks make LOWS near bottom....look for relative strength or improving fundamentals.....
In my portfolio :
AAPL rating 60/55 target $192.66
SOL rating 100/100 rated for a "breakout" @ $13.69 for a target of $17.01
SOL was rated @ BUY today by Piper Jaffrey with a target of $35...also raised earning estimate for 08 & 09 ...P J expecting a slight beat in Q2....
Today markets tanked on two set of news....Funding raised by Mortgage backers were @ higher than expected interest rates.....
CSCO CEO John Chambers highlighted that the recovery is more like in 09 vs 2nd half of 08...CSCO has NOT performed for 8 years now.....it is NO longer a bellwether for anything....
CSCO negative guidance is more of a NORM than surprise.......
I am expecting a "calmer tape on Thursday"
BLOG does NOT give buy or sell.
Saleem
All the indices are in "bear market territory"
Markets are very unpredictable near bear market lows...
You will notice that NOT all stocks make LOWS near bottom....look for relative strength or improving fundamentals.....
In my portfolio :
AAPL rating 60/55 target $192.66
SOL rating 100/100 rated for a "breakout" @ $13.69 for a target of $17.01
SOL was rated @ BUY today by Piper Jaffrey with a target of $35...also raised earning estimate for 08 & 09 ...P J expecting a slight beat in Q2....
Today markets tanked on two set of news....Funding raised by Mortgage backers were @ higher than expected interest rates.....
CSCO CEO John Chambers highlighted that the recovery is more like in 09 vs 2nd half of 08...CSCO has NOT performed for 8 years now.....it is NO longer a bellwether for anything....
CSCO negative guidance is more of a NORM than surprise.......
I am expecting a "calmer tape on Thursday"
BLOG does NOT give buy or sell.
Saleem
Markets digesting gains from yesterday's rally !!!
Markets are staying slightly red in all indices.
Market tape is normal as it is digesting yesterday's HUGE RUNUP......
Oil staging a "mild UPTICK"
Ag is roaring UP again......
Steel stocks are flying.....
In my portfolio :
Added 10% more SOL...my cost went down to $19.69......one of these days my cost SHOULD be LOWER than stock price !!!!!
AAPL UP 30 cents....iphone release is all set for Friday...Canada has REDUCED monthly charge to $30 per month for data.....should give a BIG boost in Canadian sales !!!!
SOL UP $1.06 had a "breakout" @ $13.66 ...short term target is $16.96.....
@11.52 AM the following are green in my watch list :
SGP,CTRP,FMCN,BIDU,CMED,ISRG,JASO,CSIQ,FSLR,LDK,
IFN,GSI,JRCC,X,POT,AGU,YGE,CCJ,SOHU,ABX,SPWR,VAR,
FWLT,SINA.
BLOG does NOT give buy or sell.
Saleem
Market tape is normal as it is digesting yesterday's HUGE RUNUP......
Oil staging a "mild UPTICK"
Ag is roaring UP again......
Steel stocks are flying.....
In my portfolio :
Added 10% more SOL...my cost went down to $19.69......one of these days my cost SHOULD be LOWER than stock price !!!!!
AAPL UP 30 cents....iphone release is all set for Friday...Canada has REDUCED monthly charge to $30 per month for data.....should give a BIG boost in Canadian sales !!!!
SOL UP $1.06 had a "breakout" @ $13.66 ...short term target is $16.96.....
@11.52 AM the following are green in my watch list :
SGP,CTRP,FMCN,BIDU,CMED,ISRG,JASO,CSIQ,FSLR,LDK,
IFN,GSI,JRCC,X,POT,AGU,YGE,CCJ,SOHU,ABX,SPWR,VAR,
FWLT,SINA.
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 8, 2008
Markets rallied strongly after RETEST !!!!
Markets started a strong rally after 2PM & closed near high of the day.....
Advancing volume & advancing stocks were all in the lead by more than 2 to 1 margin.....
Financials were the star performer jumping by biggest % gains......
In my portfolio :
AAPL rating 55/40 target $193.90
SOL rating 90/100 rated for a "breakout" @ $13.66 for a target of $16.96
Big gainers today were AAPL,RIMM,GOOG,MA,V,GS,ISRG,OOG,BIDU,
FSLR,IFN,IBN,GSI,QLD,NCTY,ICE,EBAY,GRMN,SINA......
BLOG does NOT give buy or sell.
Saleem
Advancing volume & advancing stocks were all in the lead by more than 2 to 1 margin.....
Financials were the star performer jumping by biggest % gains......
In my portfolio :
AAPL rating 55/40 target $193.90
SOL rating 90/100 rated for a "breakout" @ $13.66 for a target of $16.96
Big gainers today were AAPL,RIMM,GOOG,MA,V,GS,ISRG,OOG,BIDU,
FSLR,IFN,IBN,GSI,QLD,NCTY,ICE,EBAY,GRMN,SINA......
BLOG does NOT give buy or sell.
Saleem
S&P 500 RETESTED LOW @ 1243.43?????
Markets are going through a typical bottoming action in a bear market......
Was today the retest of LOW......
Markets are seeing some overdue positives like:
Crack in oil prices.....
Crack in Gold prices....
Crack in commodity prices....
A real "destruction of gasoline demand" in US????
Ben Bernanke also gave some "soothing words" for continuing credit easing structure by fed....
All of the above SHOULD give a FLOOR to the markets.......
In my portfolio :
Added 20% SOL ...my cost went down to $20.29
AAPL UP 16 cents
SOL down 8 cents
@ 11.26 AM the following stocks are green in my watch list :
GSI,TOL,TSO,RIMM(LEH positive comment),C,CTRN,YHOO,
IGT,BIDU,ISRG,XLF,AMZN,GOOG,GS,DUG,SNY,SGP,BRCM,
SNDK,EBAY,GRMN,ABK.
VMW is Down $14 on Rev warning & CEO departure......
BLOG does NOT give buy or sell.
Saleem
Was today the retest of LOW......
Markets are seeing some overdue positives like:
Crack in oil prices.....
Crack in Gold prices....
Crack in commodity prices....
A real "destruction of gasoline demand" in US????
Ben Bernanke also gave some "soothing words" for continuing credit easing structure by fed....
All of the above SHOULD give a FLOOR to the markets.......
In my portfolio :
Added 20% SOL ...my cost went down to $20.29
AAPL UP 16 cents
SOL down 8 cents
@ 11.26 AM the following stocks are green in my watch list :
GSI,TOL,TSO,RIMM(LEH positive comment),C,CTRN,YHOO,
IGT,BIDU,ISRG,XLF,AMZN,GOOG,GS,DUG,SNY,SGP,BRCM,
SNDK,EBAY,GRMN,ABK.
VMW is Down $14 on Rev warning & CEO departure......
BLOG does NOT give buy or sell.
Saleem
Monday, July 7, 2008
S&P 500 touched new 52 wk low of 1240.68????
S&P 500 sliced through 52 wk low AGAIN & barely closed above previous low by 30 tick....
Financials were deep red again.......
Looks like another RETEST of LOW is in order.......
Markets are getting very close to finding a bottom.....
Some stocks & sectors are getting deeply oversold.....
There IS a worldwide "bear market" ........
Tight range rebound will be in order...but fade will set in AGAIN........
In my portfolio:
AAPL rating 65/40 target $187.76
SOL rating 90/100 target $17.52
Oil were weak
Ag were fading
Natural Gas were weak
Solar were on rebound
Strong stocks were AAPL,BRCM,DUG,CTRP,IBN,GSI,RIMM,QLD,
SAY,FSLR,CSIQ,TSL,SOLF,ISRG,GOOG,BIDU,X,NCTY,WFR,ACH.
BLOG does NOT give buy or sell.
Saleem
Financials were deep red again.......
Looks like another RETEST of LOW is in order.......
Markets are getting very close to finding a bottom.....
Some stocks & sectors are getting deeply oversold.....
There IS a worldwide "bear market" ........
Tight range rebound will be in order...but fade will set in AGAIN........
In my portfolio:
AAPL rating 65/40 target $187.76
SOL rating 90/100 target $17.52
Oil were weak
Ag were fading
Natural Gas were weak
Solar were on rebound
Strong stocks were AAPL,BRCM,DUG,CTRP,IBN,GSI,RIMM,QLD,
SAY,FSLR,CSIQ,TSL,SOLF,ISRG,GOOG,BIDU,X,NCTY,WFR,ACH.
BLOG does NOT give buy or sell.
Saleem
What goes down must come UP....Markets & Stocks !!!
Markets are showing basing formation with an upward bias......
Markets are oversold......
Many stocks rebounding strongly......
Financials are "not participating"?????
Not a very convincing tape..
Techs are behaving well.......
Steels are UP.....
Solar on rebound......
Selective Ag is UP......
In my portfolio :
SOL UP 65 cents
AAPL UP $6.43
@ 11.28 AM the following stocks are up in my watch list :
MRVL,GSI,DRYS,CSIQ,TSO,RIMM,JNPR,SOLF,WFR,
TSL,LDK,VMW,POT,ICE,YHOO,JRCC,IGT,WYNN,
BIDU,GOOG,VLO,FSLR,ISRG,AMZN,BRCM,CTRP,
SAY,QLD,NCTY,HPQ,ACH,X.
BLOG does NOT give buy or sell.
Saleem
Markets are oversold......
Many stocks rebounding strongly......
Financials are "not participating"?????
Not a very convincing tape..
Techs are behaving well.......
Steels are UP.....
Solar on rebound......
Selective Ag is UP......
In my portfolio :
SOL UP 65 cents
AAPL UP $6.43
@ 11.28 AM the following stocks are up in my watch list :
MRVL,GSI,DRYS,CSIQ,TSO,RIMM,JNPR,SOLF,WFR,
TSL,LDK,VMW,POT,ICE,YHOO,JRCC,IGT,WYNN,
BIDU,GOOG,VLO,FSLR,ISRG,AMZN,BRCM,CTRP,
SAY,QLD,NCTY,HPQ,ACH,X.
BLOG does NOT give buy or sell.
Saleem
Sunday, July 6, 2008
Trading range for current bear markets....
Now that we HAVE entered bear market.....It is important to trade/invest keeping a tight trading range for trading decisions.....
RSI is a very important indicator for a safe strategy......as it can pinpoint short term range ...
Making money will be very difficult unless you follow a disciplined approach....
Here is some range to keep in mind as we struggle through this market......
Dow had a range of 3173 points from 52 week high of 14280 to a recent low of 11106.70....
RSI had a range of 82 to 20 area...where we are NOW
After a drubbing of 3173 Dow points a drop of 22.2% & RSI @ 20 which IS the lowest of the year..there IS every reason to expect "a technical/oversold bounce"......
Now the question IS...how many Dow points this bounce MAY last.......
Strong Rally have lasted 1200 points....but lately the bounce is 600 to 800 points....
Most Strong rallies ended when RSI hit 70 area......so this IS more reliable than Dow points..Recently rallies are FADING NEAR 40 RSI.....
So for me 40 RSI is where I will liquidate all my positions...currently RSI is @ 25.67...
So .....based on my calculation Dow has a potential upside of 500 to 700 points from recent low....then another RETEST of LOW......
Bear markets are very tough to predict.....because we do not know ...where the LOW is ...10,000 area is a "real possibility"........
For traders.....it is extremely profitable to play the RSI range.......based on your trading talent...if just long...then get out and reenter.....if both long & short then do opposite @ each end......
For buy & hold investors with long term view......keep accumulating @ near low level..as $ cost average will be lower.......
Sectors to focus on will be select Techs,Pharmaceuticals,Bio techs....based on what I am observing lately.......
Currently I have AAPL & SOL .....
My $ allocation is :
AAPL 65.10%
SOL 34.90%
It has NOT been easy for most people since May 19 as Dow has plunged from 13,136.69 to current 11,288.54 a drop of 1848.15 in 45 calender days ...a 14% drop......
So...Plan your OWN strategy carefully as we are NOT out of this "down trending markets"....
BLOG does NOT give buy or sell.
Saleem
RSI is a very important indicator for a safe strategy......as it can pinpoint short term range ...
Making money will be very difficult unless you follow a disciplined approach....
Here is some range to keep in mind as we struggle through this market......
Dow had a range of 3173 points from 52 week high of 14280 to a recent low of 11106.70....
RSI had a range of 82 to 20 area...where we are NOW
After a drubbing of 3173 Dow points a drop of 22.2% & RSI @ 20 which IS the lowest of the year..there IS every reason to expect "a technical/oversold bounce"......
Now the question IS...how many Dow points this bounce MAY last.......
Strong Rally have lasted 1200 points....but lately the bounce is 600 to 800 points....
Most Strong rallies ended when RSI hit 70 area......so this IS more reliable than Dow points..Recently rallies are FADING NEAR 40 RSI.....
So for me 40 RSI is where I will liquidate all my positions...currently RSI is @ 25.67...
So .....based on my calculation Dow has a potential upside of 500 to 700 points from recent low....then another RETEST of LOW......
Bear markets are very tough to predict.....because we do not know ...where the LOW is ...10,000 area is a "real possibility"........
For traders.....it is extremely profitable to play the RSI range.......based on your trading talent...if just long...then get out and reenter.....if both long & short then do opposite @ each end......
For buy & hold investors with long term view......keep accumulating @ near low level..as $ cost average will be lower.......
Sectors to focus on will be select Techs,Pharmaceuticals,Bio techs....based on what I am observing lately.......
Currently I have AAPL & SOL .....
My $ allocation is :
AAPL 65.10%
SOL 34.90%
It has NOT been easy for most people since May 19 as Dow has plunged from 13,136.69 to current 11,288.54 a drop of 1848.15 in 45 calender days ...a 14% drop......
So...Plan your OWN strategy carefully as we are NOT out of this "down trending markets"....
BLOG does NOT give buy or sell.
Saleem
Saturday, July 5, 2008
BUY rated stocks for "Bear Market RALLY "
Following stocks flashing buy signal.Please do your OWN FA/TA plus TAPE analysis.
ENCY,VVUS,TMWD,OSIR,NMHC,HLYS,
HIRE,CADX,ASGR,ADLR,ABT,FMS,GEO,
PM,RLH,SNY,SO,TEF,DBA,DUG,WIN.TO.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ENCY,VVUS,TMWD,OSIR,NMHC,HLYS,
HIRE,CADX,ASGR,ADLR,ABT,FMS,GEO,
PM,RLH,SNY,SO,TEF,DBA,DUG,WIN.TO.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
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