Wednesday, December 31, 2008

Happy 2009 !!!!

Markets ended on a strong note ...two day's in a row !!!!

VIX below 40 in a long long time !!!!!

NYSE had more new 52 wk highs than low today...14 new high 12 new low.....first time in a long time!!!!

NASDAQ had 21 new 52 wk highs...first time in a long time!!!!!

Advance were leading by 5.38 to 1 on NYSE!!!!

Advance were leading by 3.30 to 1 on NASDAQ!!!!

All in all strong TECHNICAL picture !!!!!

Wishing all BLOG visitors a HAPPY & PROSPEROUS 2009 !!!!!!

BLOG does NOT give buy or sell.

Saleem

2nd day of rally continues.....NICE !!!

Markets are GREEN again !!!!

Economic report surprised skeptics ..that we actually showing improvement.....

Most sectors are participating in this rally ...

Even Crude is coming back to GREEN !!!

In my ETF portfolio :

HOU Down 3 cents

HQU UP 12 cents

HMU UP 72 Cents

URE UP 31 cents

@ 11.58 AM following are green in my watch list:

PKB,TAN,AAPL,RIMM,WFR,V,GNK,DSX,UYM,DIG,TOL,
MA,GS,BIDU,ISRG,CMED,GOOG,MON,NYX,NDAQ.

BLOG does NOT give buy or sell.

Saleem

Tuesday, December 30, 2008

NASDAQ closed @ absolute High Of The Day...NICE !!!!

Markets were celebrating BUYING near close where all indices shot UP to HOD.....

NASDAQ was the big winner with 2.67% UP move.....followed by 2.44% for S&P 500 & Dow was UP 2.17%...NICE NICE NICE !!!!!

Mining stocks were big winner..with AA UP almost 10%

Steels were UP also.....

Solar stocks took off in a big way with some sporting 30%++ UP move...while Oil was Down...

There was HEAVY call option activity in TSL,YGE......

Even SOL,CSIQ & JASO moved sharply UP......

RIMM & AAPL were RED????

One more day of sharp UP move by indices will bring buyers ..who are on the sidelines!!!!

BLOG does NOT give buy or sell.

Saleem

Nice rally after base building !!!!

Markets are showing life today after base building for several day's.....

1.5% to 2% is the range of advance so far in indices !!!!

Gold & Oil are giving up gains from yesterday.....

My Canadian $ is also weaker against US$...thus a red in my short US$....

In my portfolio :

HOU Down 10 cents..

HQU UP 29 cents

HMU UP 60 cents

URE UP 25 cents

@ 12.14PM following are green in my watch list :

AAPL,TAN,RIMM,PKB,STP,JASO,WFR,YGE,SLV,
ICE,CCJ,IGT,NDAQ,BIDU,WYN,SOHU,NYX,SAY,
ISRG,GS,VAR,CMED,OOG,MON,AGU,TOL,PHM,SGP,
UYM,GNK.

BLOG does NOT give buy or sell.

Saleem

Monday, December 29, 2008

Small retreat for indices....

Markets were down 2% but improved by close.....Declines were leading by almost 2 to 1....

Gold stocks were the leaders......

Crude Oil closed above $40......

Ag were green also......

Futures are UP after factoring fair value.....

Selling is getting near exhaustion.....

BLOG does NOT give buy or sell.

Saleem

Market Down from 1% to 2%.....

Markets are showing NO buying interest so far......

Nasdaq is the weakest index..while Dow is down the-least...

Dow Chemical is a drag on the market today after cancellation of project from Kuwait.....

GOLD is UP ...

AG is UP....

Oil is flattish after being UP 6% on Israeli Palestinian conflict which IS escalating ... over 300 death so far....

In my ETF :

HOU UP 3 cents

HQU Down 15 cents

HMU UP $1.82

URE Down 48 cents

Canadian $ slightly higher against US$....few green for me !!!

@ 11.41 PM ...following are UP in my watch list :

AAPL,ABX,GG,AUY,KGC,IPI,POT,AGU,STP,
JASO,YGE,CCJ,JRCC,SOHU,SAY,SNE,IBN,
SNY,DIG,CSIQ,SOL.

BLOG does NOT give buy or sell.

Saleem

Sunday, December 28, 2008

Looking back @ 2008 & hopes for 2009 !!!!

Now that last day to book loss/gain is over for 2008......we have a complete picture of where 2008 ended.....Following are the numbers......:

Dow @ 8515.55 Down from 13494.30 a loss of 4978.75 or <36.9%>

S&P 500 @ 872.80 Down from 1488.01 a loss of 615.21 or <41.34%>

Nasdaq @ 1530.24 Down from 2697.77 a loss of 1167.53 or <43.3%>

The above losses took a HUGE toll in equity of all investors/traders.....as one can clearly see that there was no place to hide....so if you were lucky to be in Dow index your loss was 36.9% but if you were in Nasdaq index your loss was 43.3%.....add margin leverage or 40 times leverage of hedge funds.....then you are looking @ total wipe out or OWING money.....NOT a pretty picture @ all......

Majority of loss was incurred from June onwards...so it was a relentless downward dive in markets in the last seven months.......

We are 234.76 above lows in Nasdaq or +18.12%

We are 131.78 above lows in S&P 500 or +17.8%

We are 1123.28 above lows in Dow or +15.20%

It is important to understand what was the reason for total collapse in Equity in 2008......it was deleveraging of uncontrolled GREED which caused the financial system to UNWIND to non-operational level...NOT anticipated/predicted by Fed,ECB,Investors,Traders,Hedge funds,Banks or anyone with any financial know how......

Did we LEARN anything from 2008 FINANCIAL TSUNAMI......????

Yes ...it was a BITTER pill to swallow by proponent of FREE MARKET......which became RAMPANT with PROFIT @ all expense......

Credit was abused by millions which is ending in total collapse of housing prices in US & Britain which COMPOUNDED credit availability as equity evaporated from Houses & Stock Market.....

So...majority are facing HORRENDOUS liability & no equity to tap......a recipe for disaster in any economy.......thus a COLLAPSE in stock market......as economy is SEVERELY CHOKED UP......

So Economic FALLOUT became very evident to everyone as we close 2008 trading in Stock Market......as stock market is a great predictor of future equity prices.....so 40% SLUMP in equity prices in 2008 was NO accident.........

So .....

How about 2009 equity prices.......

Fed,ECB,China,Canada,Middle east are all PUMPING money to JOLT the economy out of COMA.........

DO they have chance to UNFREEZE credit?

DO they have MEANS to KICK START GROWTH in economy?

Will stock market RESPOND to resolution of CREDIT issues?

Will economy GROW again?

Will company start GROWING profit again?

The answer to all of the above is a confident YES !!!!!!

I am looking @ 2ND half of 09 as the time for GROWTH.......in world economy !!!!It will be a simultaneous GROWTH in GDP worldwide in 2ND half of 09......

As we all have learned that stock market ALWAYS predict next 6 to 9 months AHEAD.....so we MAY be sitting on a MAJOR turnaround in markets.......

I am positioning with ETF strategy to take advantage of UPCOMING turn UP in markets .....as I feel individual stocks are still VULNERABLE to market WHIMS & ANALYST game playing????

Please do your OWN due diligence & find your OWN comfort level with ETF or STOCKS.....

Here is my sector focus & $ allocation in ETF:

HOU.TO...ETF for Nymex Crude 9.9%

HQU.TO ETF for Nasdaq 100 19.6%

HMU.TO ETF for world mining & gold stocks 45.8%

URE ETF for commercial real estate 24.7%

Plus I am SHORT US$......

The logical question is ...WHY we did not get Christmas rally????

You CAN give full credit to Mr MADOFF who put the final nail on the stock market coffin by swindling to the tune of $50+ billion when deleveraging was almost complete......

As most participant have extremely LOW expectations of stock market & PESSIMISM is extremely HIGH about economy.......we are all set to move UP SHARPLY in 2009 !!!!!

Some other ETF worth looking @ are :

PKB,UYM,QLD,TAN,UYG to name a few among thousands of ETF by Proshares.Claymore,
Wisdom tree,Morgan Stanley etc.....MSNmoneycentral & smartmoney has ETF section to do some research......

Good luck on your OWN homework.

BLOG does NOT give buy or sell.

Saleem

Saturday, December 27, 2008

BUY rated stocks for Market bounce for Obama Inaugration!!!

Following stocks are flashing buy signal.Please do your OWN due diligence by analyzing FA/TA/TAPE.

CGNX,CSTR,IMGN,PCTI,PGNX,BC,DOX,EMS,
HL,JOF,PDS,CEF,EGO,TC.

Next post 10AM Sunday.

BLOG does NOT give buy or sell.

Saleem

Technically STRONG stocks for Market bounce for Obama Inaugration!!!

Following stocks are showing strength based on various configuration.Please do your OWN due diligence by analyzing FA/TA/TAPE.

WGO,DV,ROCM,BKC,LCAV,RAI,DTE,NP,
SRT,SJR,PAC.

BLOG does NOT give buy or sell.

Saleem

Technically WEAK stocks for Market bounce for Obama Inaugration!!!

Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.

QUIX,SAD,PAG,CCH,TROW,PPL,CYMI,V,SAP,

TV,LDSH,AXYS.

BLOG does NOT give buy or sell.

Saleem

Friday, December 26, 2008

Markets closed GREEN two days in a row...NICE !!!!

Markets were green @ close ..second green day !!!!

Bargain hunters packed the malls for post-Christmas bargain......nice to see crowd @ major malls....good for confidence building by consumers.....

AG were green...

Shipping stocks were UP...

OIL stocks were UP...

Gold stocks were strong....

Mining stocks were UP.....

Solar stocks were green.....

By 10AM Saturday I will post list of technically weak/strong/buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

Market not doing much in light trading......

Markets are trading near flat line after showing some green @ open.....

Trading is extremely light......

OIL is finally UP $1.60 today ......

In my ETF :

Toronto is closed for Boxing day...so no trading in my Canadian ETF....

URE Down 7 cents.....

@ 12.31 PM following are green in my watch list :

PKB,TAN,AAPL,STP,JASO,SOLF,KGC,TKC,CTRN,
JRCC,SOHU,SAY,SPWRA,SNE,FWLT,UYM,GNK,
SNY,DIG,IPI.

BLOG does NOT give buy or sell.

Saleem

Wednesday, December 24, 2008

Merry Christmas !!!!!

Markets ended on positive note...Green was the color......

MON,IBN,ISRG,GOOG,GS.....were green in my watch list....

I had flattish day in my ETF.....

Oil continued its slump again......

Enjoy quality time with friends & family.....

Merry Christmas to all BLOG visitors !!!!

BLOG does NOT give buy or sell.

Saleem

Tuesday, December 23, 2008

1% loss on most indices????

Markets were NOT in a mood to start any rally today.....Giving back 1%????

The question IS.....

Will Santa show UP on half day trading????

Market have given UP all of its recent gains?

I think most traders/investors are taking a well deserved wait & see attitude before buying.....

Sometimes the best opportunities are in a boring & dull market...which seems to be the case in the last 5 trading days when Dow has gone down.....

I still believe that we are forming a higher low & getting to higher highs...without the EUPHORIA...which IS a good thing... for those who are buying with CONVICTION & STRATEGY...NOT same old ...same old approach!!!!!

BLOG does NOT give buy or sell.

Sincerely hope that you are all set for the SPIRIT of Christmas..which is SHARING with loved ones!!!

Saleem

Housing Data pressuring market....

Markets are in red after being green in early trading....all indices are down about .5%.....

Today is full day trading before closing @ 1 PM on Wednesday for Christmas break.....

Crude is down AGAIN.....

GOLD is down $12......

In My ETF portfolio :

HOU Down 21 cents

HMU UP 32 cents

HQU Down 1 cents

URE Down 9 cents

My Canadian $ is UP against US$ slightly giving me some green.....

@ 12.16PM following are green in my watch list:

PKB,AAPL,RIMM,POT,ICE,CCJ,TKC,JRCC,
SPWRA,FSLR,VAR,GOOG,FWLT,MON,DSX.

BLOG does NOT give buy or sell.

Happy Christmas shopping !!!!

Saleem

Monday, December 22, 2008

Losses around 2% in Nasdaq & S&P 500.....

Dow was the best index today after NASDAQ led the way on the downside followed closely by S&P 500...about 2% loss.....

Most sectors were under pressure thanks to analyst orgy of multiple downgrades......

By close .....indices recovered somewhat but decliners led the advances by 2 to 1.....

Only 1.5 days of trading left before Christmas day......

We MAY see a quiet rally taking hold before Santa comes to town.......

BLOG does NOT give buy or sell.

Saleem

Market negative on TM & WAG poor projection....

Market are digesting negative earning news from TM & WAG.....

NASDAQ is the weakest with AAPL taking $4 hit.....

AG stocks are weak with POT,MON,IPI taking % loss...

Crude heading LOWER again.....

Uranium price falling so CCJ is weak.....

Dry shipping stocks are weak....

Most stocks are RED...including my ETF portfolio.....

Only minor bright spot is my Canadian $ slightly stronger against US$ up 34 tick.....

Close may show improvement......as I do not see the punch in selling so far......

BLOG does NOT give buy or sell.

Saleem

Sunday, December 21, 2008

Fear index VIX @ 44.93..lowest in many months??

The much trumpeted fear index VIX closed @ 44.93 from a closing high of 77.39 a drop of 41.94%..when economic news are going from bad to worse...????

Common wisdom should have taken VIX above 100 to all time high since 1987....but it is NOT...

So..... what is VIX signalling to those who still believe in OPTIMISM about life in general & everything in it...including pursuing an exposure in equity...

VIX MAY be an index which will give us an indication of how high we will go from the lows if we just factor the % drop in VIX from its high.....

The gain in stocks MAY NOT come in days or months but certainly in long term approach.....

Currently we are STARING @ the biggest BARGAIN which IS WAY STEEPER than the CRASH of 1987......

BUT...the confidence in markets are so LOW thanks to SEC not doing their job..that FEAR is ruling our RATIONAL mind.....

But CHANGE is COMING to SEC......

Mary Shapiro is the new SEC designated chief...who will change INACTION into some serious CHANGES @ SEC.....

Free hand of one way MANIPULATION MAY come to an end in stock exchanges....which will bring confidence/money into stocks...

All these POSITIVE changes from ARROGANCE to CARING for the little guy & INTEGRITY of financial systems are only DAYS away......

Jan 20Th is only 21 trading days away.....when Obama will hit the ground running with 3 million Jobs programs on Day ONE.......

I am expecting a major RUNUP in markets into his taking office.......

I still believe that DOUBLE ETF is SAFEST way to play this market....

I PRACTICE what I PREACH......

Here is my allocation currently :

HOU.TO Crude ETF 21.4%

URE Real estate ETF 20.8%

HQU.TO Nasdaq 100 ETF 17.1%

HMU.TO World Mining ETF with heavy emphasis in Gold 40.7%

As you can see that even in Double ETF..I am broadly diversified.......to take advantage of MANY sectors....Because one NEVER knows which sector will take off first or by how much...

Please do your OWN due diligence & ensuring your OWN comfort level with your OWN strategy.

BLOG does NOT give buy or sell.

Saleem

Saturday, December 20, 2008

BUY rated stocks for "Higher lows/ highs in markets "

Following stocks are flashing buy signal.Please do your OWN due diligence by analyzing FA/TA/TAPE.

AVTR,CBRL,CFSG,CWTR,CSTR,DNDN,EPAY,
PZZA,VIMC,VMED,BPO,MOD,SNS,TTM,WX.

Next post by 10AM Sunday.

BLOG does NOT give buy or sell.

PS...Post was delayed due to major storm in Toronto area..had to blow away 14 inches of snow this AM....

Saleem

Technically STRONG stocks for "Higher lows/ highs in markets "

Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.

HLTH,D,BMTI,HALO,GA,MPEL,JCOM,AOB,
SNY,ACN,SPLS,NAK,CRS,SYT,PCLN.

BLOG does NOT give buy or sell.

Saleem

Technically WEAK stocks for "Higher lows/ highs in markets "

Following stocks are technically weak based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.

SFLY,QSFT,IWOV,SAY,LNY,RCI,CVS.

BLOG does NOT give buy or sell.

Saleem

Friday, December 19, 2008

Nasdaq stayed strong whole day ....NICE !!!!

Markets got a boost in confidence by White House in getting serious change for Autos...

Indices shot UP to give it all back except NASDAQ which stayed strong till close....S&P 500 also closed green.....

Advance decline ratio were positive.....

VIX signalling a major rally in the works ..despite flattish tape today due to OE......

By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

White House made the right decision on Autos !!!

White House ended up making the-best decision for Autos...which removes a BIG overhang for the market.....

Today's Option expiry is putting pressure on most stocks as.... MM try to KEEP stocks in their preferred strike price...a usual practice NEVER investigated by SEC.....

Markets are giving up most of the gains thanks to OE......

Crude hit the lowest level in many years today below $34.....today Jan contract is EXPIRING and Feb contract starts on Monday where prices are MUCH HIGHER.....so today COULD be the last day of CHEAP,CHEAP CRUDE.....

US$ is higher today..so I am red in my US$ short.....

In my ETF portfolio :

HOU Down 3 cents

HMU unchanged

HQU UP 15 cents

URE UP 19 cents

@ 11.47 AM following are reen in my watch list :

RIMM(higher guidance than consensus),AAPL,
YGE,KGC,TKC,YHOO,IGT,MA,BIDU,FSLR,
IBN,GOOG,DIG,SNY.

BLOG does NOT give buy or sell.

Saleem

Thursday, December 18, 2008

Market gave back from 1.71% to 2.49% ????

Markets were given one major surprise......No TARP money for autos...a pre-packaged bankruptcy????

Market HATES surprise...a well known practice...so DOWN we went to 8527.41 on the DOW...BUT we closed @ 8604.99.....

POT WARNED about EPS well below previous guidance for 2008..citing bleak world economy now @ $10.75 from $12...

IPI also warned cutting sales in half....for Q4

RIMM & ORCL were the bright spot in ER both slightly higher AH......

In my portfolio :

Sold Half of HQU...

Sold HSU...

Sold HFU...

Bought more HMU

Bought URE my cost $6.26....

My portfolio is HOU.TO,HMU.TO,HQU.TO & URE.....

Option expiry is on Friday......some of the selling was due to OE also......

To say the least...Today's tape was a big NEGATIVE.....

BLOG does NOT give buy or sell.

Saleem

NASDAQ & S&P 500 green..Dow small red.....

Markets are trying to show strength with NASDAQ in the lead......

Dow is the only red so far......

In my ETF portfolio :

I am trying to make some trade today ..getting out of ETF & into stocks ...as I feel comfortable with market TAPE.....

@ 12.23 PM.....Green in my watch list are :

AAPL,IBN,ISRG,GOOG,GS,MA......

BLOG does NOT give buy or sell.

Saleem

Wednesday, December 17, 2008

Small giveback @ close in markets......

Markets were green going into last hour...then closed red.....

Advance decline were positive on NYSE & slight negative on NASDAQ....

Toronto exchange did not trade today due to computer problem.....

Louise Yamada was on Canadian Business Channel known as BNN and is POSITIVE on the current market TAPE saying it is in consolidation phase and will move HIGHER to first resistance..which she is pointing it to be 9000 on TSX another 250 points or so....similar number can be arrived @ on Dow also.....

Today...GS is making a BULLISH call on Canadian $ for a move UP ....CAD closed UP against US$ AGAIN.....created some green for me in my portfolio.......

VIX closed @ 49.84 Down 2.53 or 4.83% on a down day???? sign of "good things to come"!!!!

BLOG does NOT give buy or sell.

Saleem

1% giveback on indices so far.....

Markets are trying to stabilize after RUNUP yesterday.....

Crude is down $2.27 after announcement of 2.2 million barrel per day cut in production which is higher than expected.....

AAPL decision to not send Steve Jobs to last Mac world causing speculation about his health...Oppenheimer downgraded AAPL today based on succession issue...Down $6.77....

In my ETF portfolio :

TSX computer has crashed so there is NO trading in Toronto as I write.....

@ 12.00 following stocks are green in my watch list :

RIMM,STP,POT,WFR,MA,BIDU,SOHU,SAY,VLO,ABX,
SPWRA,FSLR,GS,FWLT,LDK,UYM.

BLOG does NOT give buy or sell.

Saleem

Tuesday, December 16, 2008

S&P 500 UP 23.2% @ close today from LOW....can we say BULL market ???

Market gave a "BIG thumbs UP" to Fed aggressive slashing of interest rates & pledge to do whatever it takes to get the economy moving AGAIN.......

Markets were UP from anywhere from 4% to 6%+++...

Advancers led decliners by 5 TO 1.....

A nice solid rally overall......

S&P 500 is UP 23.2% from Low @ close today...

US$ took it on the CHIN big time to lowest level in months.....My US$ short is working like a CHARM now......

Gold,AG,Dryships,Techs,Financials were all STRONG....Nice to see all sectors participating in this BREAKOUT rally beyond 900 on S&P 500......GREAT confidence builder for investors/traders...

Another strong day on wed is in the cards.......

BLOG does NOT give buy or sell.

Saleem

Fed cutting rates by 75 basis????

Markets are showing consensus of 50BP that fed will cut rates....I think it MAY be 75BP...which will put recovery in overdrive......

Markets are UP in anticipation of Fed rate cut.....

GS UP $6++on much anticipated bad ER.....

BBY UP $3++ on gloomy forecast in retail....

Getting the picture...be REALISTIC in your OUTLOOK "thou shall be REWARDED"

AG stocks flying on ML upgrade of this sector$$$

US$ weak AGAIN...my short US$ is helping me big time...came out green overall in lousy tape yesterday..today also looking green..so far.....

In my ETF portfolio:

Added more HOU.TO my crude bet which has NOT worked out so far...but keep trying..my cost went down to $4.80...

HOU Down 4 cents

HFU Down 8 cents

HMU UP 9 cents

HSU UP 19 cents

HQU UP 28 cents

Canadian $ is strong against US$...which will help in my equity.....

@ 11.39 AM..following are green in my watch list:

URE,RIMM,V,POT,C,CTRN,ICE,CCJ,IGT,NDAQ,
WYNN,MA,BIDU(GS upgrade),SOHU,NYX,
SPWRA,FSLR,ISRG,XLF,GS,IBN,GOOG,FWLT,
MON,AGU,IPI,SNY,UYM.

BLOG does NOT give buy or sell.

Saleem

Monday, December 15, 2008

Market closed small RED .....ahead of GS & Fed !!!

GS /MS ER & Fed will set the tone for trading on Tuesday......

Fed will have much bigger impact @ 2.15 PM.......

Broader market were weaker than indices...almost 3 to 1 decline in both NYSE & NASDAQ...

Oil tape was weak @ close.....

Gold remained strong...

Shipping stocks were strong as rates shot UP 5 days in a row.....

LIBOR @ lowest point in a long time.....

US$ weaker ..hitting a 2 month LOW......

BLOG does NOT give buy or sell.

Saleem

Madoff "indigestion" almost discounted.....

Market was given another reason to sell today..Madoff was reason 1 and Fed decision reason 2....

Madoff is a classic evidence of SEC not doing their job.....they are first to IGNORE complaints & last to KNOW officially.....

Fed is all set to bring the fed funds rate to lowest level in history.....this should help economy to recover faster......

NASDAQ is weakest & Dow showing relative strength along with S&P 500.....Green close is very much in the cards......

Oil is UP $1.00

Gold is UP $21.30

In my ETF portfolio :

HFU down 26 cents

HOU UP 15 cents

HMU UP 38 cents

HSU down 12 cents

HQU down 23 cents

Canadian $ is stronger against US$...which should help my portfolio today......

@ 11.57 AM following are green in my watch list :

KGC,SLV,POT,SOLF,IGT,BIDU,ABX,FWLT,
MON,AGU,DIG,GG,LVS.

BLOG does NOT give buy or sell.

Saleem

Sunday, December 14, 2008

Markets have come a long way from deep BEAR !!!!

Markets are giving every signal that 17 month BEAR tape is coming to an END????

Why is it coming to an end?

Because....

After 17 months the whole world KNOWS & HAS seen the depth of this recession....

CHINA & INDIA are also showing SLUMP in their economic activity with their latest economic data.....

CHINA,INDIA,ECB,US are all aggressively involved in STIMULATIVE activity...CANADA is all set to join in stimulating their economy on Jan 26......

With all the Stimulus in-place we will be LUCKY to see China GDP growing @ 6%,India 5%,Canada 3%,US 2% & Europe 1% in 2009...

SO...all the world economy is in RECESSION now......@ the same time.....

They are all stimulating various sectors with INFRASTRUCTURE being the biggest beneficiary....

This focus on infrastructure will boost all commodities which has been beaten down......including GOLD & OIL.....

Any equity position taken must be done with serious due diligence as individual stocks will be pressured due to ongoing negative growth in next 2 Q....

That is the reason..I have favoured ETF in many sectors ..they all trade in Toronto....

Here is my sector focus/weighting:

HFU.TO all Canadian Banks & financials stocks long 12.5%

HOU.TO Crude oil long 25%

HMU.TO World mining stocks long 25%

HSU.TO S&P500 index long 12.5%

HQU.TO Nasdaq 100 index long 25%

Except for Crude ...I am UP in every ETF....

Plus..... I am short US$.....which is working lately but down overall in this strategy as US$ has been super strong since July...but is faltering NOW and has broken 50DMA support......

Markets are looking ahead to recovery in world economy NOW...so a diversified ETF strategy MAY be the-best......

Pay close attention to sector movement.......that will give you the clue to profitable trade/investment...

MOST investors/traders have been burned by this relentless bear including me......BUT that is NO excuse to take a pass on the market NOW......when things MAY work out and may RECOUP some /most of the loss.....

Good luck on your OWN due diligence...remember it is your hard earned money which you will NEED in future.....

BLOG does NOT give buy or sell.

Saleem

Saturday, December 13, 2008

BUY rated stocks for "BULLISH tape "

Following stocks are flashing BUY signal.Please do your OWN due diligence by checking FA/TA/TAPE.

CHKE,CWCO,ELOS,MDRX,MEAS,MXIM,PEGA,TNDM,
SQNM,CELL,AMCC,ADI,AVT,AZZ,CCC,EL,ICO,ID.

Next post by 10AM Sunday.

BLOG does NOT give buy or sell.

Saleem

Technically STRONG stocks for "BULLISH tape "

Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.

FDO,SHFL,SYT,OCR,WYE,IAG,AUY,KEP,LLY,
SSL,YZC,CCJ,EXC,CMC,OXY.

BLOG does NOT give buy or sell.

Saleem

Technically WEAK stocks for "BULLISH tape "

Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking out FA/TA/TAPE.

CHU,FUL,LH,PLCE,SRE,MGM,SURW,IDIX,RRR,
VIVO,TRAD,SPLS,ETR,MMM.

BLOG does NOT give buy or sell.

Saleem

Friday, December 12, 2008

All Indices closed Green.....NICE !!!

Market has been showing strength for several weeks against all odds....

Even "sell,sell,sell" crowd is impressed with market TAPE......

No more talk of "sell some" or "short S&P"????

Things are CHANGING!!!!!

By 10AM Saturday I will list technically weak/strong/buy rated stocks....

BLOG does NOT give buy or sell.

Saleem

S&P 500 LOW today 853.41....then bounced higher ???

Market were bracing for a major fall based on Republican agenda????

Republicans voted down auto bailout after a month of testimony & grilling by lawmakers......what a waste of time for everyone...I guess they are elected to waste time ?????

This CHARADE of interest in automaker troubles makes no sense......

It is time to move ON & get this economy MOVING...Auto & all sectors....politics must take a back seat to getting the job done?????

In my ETF portfolio:

HOU Down 32 cents..GS predicting $30 Oil....cheaper than water????

HMU UP 12 cents

HSU Down 8 cents

HQU UP 5 cents

HFU UP 12 cents

@ 12.02 PM following are green in my watch list :

AAPL,RIMM,URE,V,KGC,POT,CTRN,JRCC,
BIDU,NYX,ABX,SPWRA,GOOG,IPI,TOL,SNY.

BLOG does NOT give buy or sell.

Saleem

Thursday, December 11, 2008

S&P 500 High 904.63 Low 868.73 & Close 873.59???

S&P 500 had a range of 35.90 points from high to low.....???

Auto bailout uncertainty played a major role in PM slump.....

Decliners lead was 3 to 1 on NYSE & NASDAQ......

Auto bailout decision by congress will impact the markets on Friday......Market HATES UNCERTAINTY on any issue Auto or anything...the longer it drags out market will be impacted negatively.....

Market wants to build on its base ....but politics IS getting in the way????

I am comfortable with my Double ETF strategy..as it is broadly diversified...so hopefully some sector carries the day for me...like today when Oil & Short US$ was productive which gave me gain for the day......despite market SLUMP !!!!!

BLOG does NOT give buy or sell.

Saleem

Market READY to BREAK resistance on S&P 500???

Markets are making a nice base before taking a run @ much HYPED & FEARED S&P 500 900 resistance......It will be a piece of CAKE...try not to tell that to Macke of Fast Money who seems to be STUCK in a fading BEARISH DREAM.....

In my ETF portfolio :

Added Financial Canadian ETF of HFU.TO my price $5.34......this index is down almost 70% from my purchase price....

HOU UP 51 cents or +16.6%

HMU Down 8 cents

HSU UP 3 cent

HQU UP 3 cents

HFU Down 9 cents.....

My Canadian $ SHORT against US$ is great for the last two days..today CAD is UP almost 3 cents against US$......

@ 12.02 PM following are UP in my watch list :

BIDU ( on lowered guidance for Q4),AAPL,RIMM,
V,KGC,POT,ICE,CCJ,JRCC,LVS,SOHU,NYX,GG,
ABX,VLO,SPWRA,ISRG,FSLR,GS,VAR,GOOG,FWLT,
LDK,CSIQ,DIG,SGP.

BLOG does NOT give buy or sell.

Saleem

Wednesday, December 10, 2008

All Indices closed UP around 1%.....

Markets were reacting to usual political grandstanding regarding agreement or no agreement TV appearances about Auto bridge loan.....another sad day for TV politicking instead of getting the job done....

Despite on our face appearances by bit players in politics...market stood the ground and closed UP......

It was a banner day for all commodities..UP sharply on RTP cutback to support prices & inventory.....

GOLD UP sharply !!!!

AG stocks were UP again with POT,IPI & AGU leading the pack.....

Shippers were in Vogue AGAIN with NAT,DRYS,& DSX as leaders.....

OIL seems to have made a TRIPLE bottom today...with ascending slope !!!!

830 AM jobless claims are due.....another stat which has been discounted already......

BLOG does NOT give buy or sell.

Saleem

Markets UP ...Short covering on the way $$$$

Markets are giving clear message that "bear tape" is over......

Market is ignoring all BAD economic data...as it is ALL factored in ...DISCOUNTED already !!!!

NASDAQ is strongest so far...despite AAPL target & estimate cut......so analyst NEGATIVE take on the biggest stock on NASDAQ is NOT sinking techs?????

Major short covering on the way.......

All commodities are UP sharply...with GOLD UP $40..OIL UP $3.75

In my portfolio :

All my ETF are making a HUGE % move.....

HOU UP 44 cents +15.3%

HMU UP 90 cents +21%

HSU UP 26 cents +3.7%

HQU UP 21 cents +3.4%

Double ETF are looking good $$$$

@ 11.59 AM following are green in my watch list :

URE,LDK,STP,SOLF,WFR,KGC,GG,ABX,POT,AGU,IPI,
MON,DRYS,TKC,YHOO,CCJ,JRCC,NDAQ,WYNN,SOHU,
VLO,SPWRA,FSLR,ISRG,IBN,FWLT,GOOG,VAR,FXI,
CMED,NDN,IG,UYM.

BLOG does NOT give buy or sell.

Saleem

Tuesday, December 9, 2008

Indices gave back 1.55% to 2.72% @ close !!!

There is celebration from some pundit that market gave back from 1.55% to 2.72%.....advocating taking profit after each day of gain IS not proving to be a wise approach as markets have been UP majority of days......

BRCM,TXN warned and were UP nicely.....NSM missed by a mile and is UP sharply...all this in a day when all indices were down.....????

As I have mentioned many times..."listen closely to the message of the market"......when stocks go UP on bad ER & WARNING....it is time to take notice.....

AG were UP on bad tape ????

Shipping stocks were UP on bad tape????

Gold UP on bad tape?????

It is time to IGNORE TV pundits and start your OWN game plan......

Carter Worth Oppenheimer's technician is seeing positives in this TAPE.......

Instead of chasing stocks on a daily basis .....develop a long term plan !!!!

I AM sticking to my ETF plan......as they are ridiculously cheap!!!!

BLOG does NOT give buy or sell.

Saleem

Nasdaq UP AGAIN.....despite TXN warning !!!!

Markets are showing resiliency after closing @ highest level...NASDAQ is UP while Dow & S&P 500 trying to digest GAINS.....

Oil is down 51 cents....

Gold UP $3.70......

In my portfolio :

Added HMU.TO cost went UP to $4.26.....This is an ETF on world mining stocks which includes AA,RTP,BHP,GG,ABX,NEM,FCX.....

HOU Down 9 cents

HMU UP 31 cents

HSU UP 3 cents

HQU UP 20 cents

@ 12.43 PM following are UP in my watch list :

AAPL,KGC,POT,C,CCJ,JRCC,NDAQ,WYNN,WYN,
NYX,VLO,ABX,SNE,GOOG,FWLT,MON,GU,POT,IPI,
CMED,DIG,SNY,GG,UYM.

PS..There was a major snowstorm in Toronto area so was busy with snow blower (removed 12 inches)which gets me much needed excercise...thus was late in posting to my BLOG !!!!!

BLOG does NOT give buy or sell.

Saleem

Monday, December 8, 2008

Celebrating our thanksgiving with Friends & family !!!

Muslims all over the world are celebrating EID-UL-ADHA which is our thanksgiving....

I will be visiting friends & talking to family....

As such...there will be no posting in my BLOG today...

Markets are in good hands NOW !!!!

BLOG does NOT give buy or sell.

Saleem

Sunday, December 7, 2008

Why Market is defying "BEAR thesis"???

Markets is DEFYING all popular theories by BEARS that we are heading to 4,000 on DOW or 400 in S&P 500....???

Why market is NOT listening to the COMMAND of Louise Yamada,Carter Worth & Perma Bear like Elliott Wave theorist....

You KNOW WHY......???

Because Markets does NOT listen to anyone and TRAPS everyone with their trading thesis into HUGE LOSS......

BULL lost all their money on the way DOWN in the last 16 months.....& I am seeing the same thing happening to BEARS NOW......

Next 16 months will be an improving markets with confidence building GRADUALLY so all the BEARS are WIPED out over & over again.....it IS already happening that BEAR case is NOT working out.....as we have NOT made a NEW LOWS since NOV 19Th when Dow hit 7392.27...Friday Dow closed @ 8635.42..a STUNNING 1243.15 move UP or 16.8% UP move in 11 trading days......

If you look @ Chart of Dow it looks like we have made a TRIPLE BOTTOM from the LOWS which was NOT evident in previous rally attempt......We can see from Dow chart that we have a very well defined HIGHER LOWS forming..an ASCENDING PATTERN.....

Based on the CURRENT DOW chart it is NOT impossible to challenge Dow 10,000 before hitting first resistance.....so another 1300 Dow point move IS PROBABLE......which will take DOW into serious BULL camp with a 33% move UP from LOW.......

So....you can be NEW PERMA BEAR and start short position and take the LUMPS

OR... relax and ENJOY the ride to DOW 9999......

I do not have to convince anyone HOW to position in this market...

BUT..... I am FIRMLY in BULL camp with my 4 ETF......

It is IMPORTANT to FOLLOW the TAPE @ this JUNCTURE as we move into SOLID BULL market .......

FEAR,DOOM,GLOOM & DESPERATION is hitting its LOWEST point NOW which IS a SOLID contrary indicator for DOW to LOOK AHEAD to BRIGHTER /IMPROVING FUTURE......

I personally believe that DOW has DISCOUNTED all the BAD NEWS about economy...what IS KNOWN/PREDICTABLE...... never DOUBT Markets ABILITY to look SIX to NINE months Ahead...a reverse TAPE from JULY 07......

So.....making a BULL bet @ this stage MAY be extremely PROFITABLE$$$$$

BLOG does NOT give buy or sell.

Saleem

Saturday, December 6, 2008

BUY rated stocks for "Higher trading range in markets "

Following stocks are flashing buy signal.Please do your OWN research by checking FA/TA/TAPE/VOLUME.

AAXJ,AKAM,DISH,DRYS,ELOS,WYNN,BIIB,
AAI,ADX,AVP,AZN,BKF,BOH,BSX,CM,SAN,
SY,TTM,V.

BLOG does NOT give buy or sell.

Next post 10 AM Sunday.

Saleem

Technically STRONG stocks for "Higher trading range in markets "

Following stocks are showing technical strength based on various formations.Please do your OWN research by checking FA/TA/TAPE.

RNR,KEP,ESRX,DV,ITT,WAG,SIG,MATK,
SCMR,PKX,ICE,TROW,PCAR,ACM,TXI.

BLOG does NOT give buy or sell.

Saleem

Technically WEAK stocks for "Higher trading range in markets "

Following stocks are showing technical weakness based on various formations.Please do your OWN research by checking FA/TA/TAPE.

DAI,KAI,NBL,LDSH,LINE,HNSN,CXG,MGM,UPL,
CYMI,INFA,VIP,ALY,RDK.

BLOG does NOT give buy or sell.

Saleem

Friday, December 5, 2008

Market defies common wisdom by closing UP !!!

Market were suppose to tank below 8000....so all the so-called smart buyers can buy @ attractive level.....

Guess what.....so-called smart buyers ended up buying near higher end of the trading range....

Also ....shorts were sure that we will test the lows again.....so they are wondering this weekend what to do now.......????

I guess short covering will be the order of the week......

Market is all set to go to higher HIGHS......

By 10 AM Saturday,I will list technically weak,strong & buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

Markets Down 1.05% to 1.76%...So far So good!!!

Markets are taking the Doom & Gloom of 533K job loss in stride......

When GLOOM is this THICK.....Markets take it as a CONTRARY indicator...means we are in a TROUGH of economic cycle.....which may indicate that economic despair is hitting its LOW point...

Close should be of great interest to me to see which way Hedge funds/Institutions are placing their bets.....

Oil continues to hit new LOWS....Last trade $41.51...It Must help boost confidence of consumers worldwide...

In my portfolio :

HOU Down 30 cents

HMU Down 48 cents

HSU Down 19 cents

HQU Down 12 cents

@ 12.26 PM following are green in my watch list :

URE,RIMM,IBN,STP,C,CTRN,ICE,YHOO,WYNN,
ISRG,XLF,FXI,NDN,TOL,DUG,UYG.

BLOG does NOT give buy or sell.

Saleem

Thursday, December 4, 2008

2.5% to 3.14% giveback on Wall Street.....

Markets gave back average of around 3% on jitters about Job Data due @ 8.30 AM.....

Job Data should NOT be a surprise to anyone on wall street.....it is expected to be BAD....500,000 Job loss is in the cards......

Markets are trying to make a base ......and is discounting lot of anticipated bad economic data....

It will be interesting to see where we close on Friday......

OIL has been trashed below $44.....far cry from $140+++...this IS the biggest stimulus package to the world economy.....impact in TRILLIONS of $$$

Lot of talk about hedge funds impending selling of stocks of TWO Billion $......which market should be able to absorb ...as we trade in several trillions on a daily basis....but it IS being reported as an UNUSUAL EVENT????

BLOG does NOT give buy or sell.

Saleem

Markets digesting more bad economic news nicely...

All the economic news from factory orders,industrial utilization & job cuts are signalling the low point of this deep recession.....we are in a TROUGH cycle now.....

More bad economic news on job loss is expected before open on Friday....no number like 500,000 will shock this market..as it is all expected...the worse the number ....SPEEDIER will be the recovery.....

Loss on index range from 1.03% to 1.30%......

All my ETF are down....

Crude is hitting new LOWS again...great for stimulating world economy!!!

In Canada political turmoil was avoided by Governor General granting suspension of parliament till 26Th of Jan....this will help in building consensus for Stimulus & Budget after President Obama is sworn in & implemented his own Stimulus & priorities.

@ 12.24 PM following are green in my watch list :

TOL,PHM,BIDU,NDAQ,GG,ABX,DUG,LULU,
ICE,SOHU,NYX,IBN,URE.

BLOG does NOT give buy or sell.

Saleem

Wednesday, December 3, 2008

Bad news about economy is good news for markets???

Market surprised skeptics..by closing sharply higher again on bad economic news on many fronts....

Job survey by ADP & Beige book from Fed...were saying "things are getting worse"...so market cheered UP saying "give me more bad news"......

Markets are actually looking forward to many solutions put in effect by Fed many policies...NOW market believes that it will work......

Today many sectors participated in the rally....

ECB will cut interest rate before open......

New Zealand cut their interest rate by 150BP....

BLOG does NOT give buy or sell.

Saleem

Markets turned GREEN on bad JOBS survey???

Market is ignoring the obvious bleak economic conditions..as it is ANTICIPATING more Job Loss.....means it is discounted already......

Market is certainly putting a brave face as discounting of most NEGATIVE economic conditions are well known.....

RIMM issued a much anticipated warning for its Q ending in Nov which is Q3.....it is GREEN....

Oil Inventory was bullish...but traders have PINNED down the price of oil wherever they like it to be.....

In my portfolio :

HOU Down 1 cent

HSU UP 4 cents

HQU UP 13 cents

HMU Down 21 cents

@ 12.17 PM following are green in my watch list :

AAPL,RIMM,TAN,SOLF,FSLR,STP,V,MA,
ICE,SPWRA,ISRG,GS,GOOG,LDK,PHM,TOL.

BLOG does NOT give buy or sell.

Saleem

Tuesday, December 2, 2008

Markets recouped 40% loss from Monday..NICE !!!

Markets closed on a strong note on Tuesday.....S&P 500 was the strongest followed by NASDAQ and DOW.....

Markets are showing great resiliency & quick snap back even on bad sales data from Autos....

Most participant & follower of this crazy market are getting a sense of Bottom may be IN already.....

Markets are engaged in a basing process to move UP....

BLOG does NOT give buy or sell.

Saleem

Market UP 2.93% to 3.37%..so far !!!!

Markets are trying to regain its footing today after taking it on the chin yesterday.....

S&P 500 is the strongest so far followed by NASDAQ then Dow.....

OIL slumped to 3 year LOW.....great for world economic recovery & for consumers worldwide..business cost will come down with low oil..mining & manufacturing also benefits...

In my portfolio :

I added HMU.TO a world mining index which also has heavy Gold component like GG,ABX,NEM,FCX....I feel mining stocks BHP,RTP,AA, have taken a royal beating and are due to move UP..my cost $3.90

Portfolio is HOU.TO,HSU.TO,HQU.TO & HMU.TO

HOU Down 12 cents

HSU UP 31 cents

HQU UP 31 cents

HMU UP 16 cents..I am UP 3 cents

@12.06 PM following are green in my watch list :

TAN,AAPL,WFR,V,KGC,C,TKC,CTRN,ICE,
NDAQ,WYNN,MA,BIDU,SOHU,NYX,VLO,
ABX,SPWRA,FSLR,VAR,GOOG,IBN,FWLT,
GG,MON,FXI,TOL,PHM,UYM.

BLOG does NOT give buy or sell.

Saleem

Monday, December 1, 2008

Indices closed Down 7.7% to 8.95%..in one day...

Market surprised everyone including ME by giving up almost half of its gains from last week in one trading day.....

What caused this major SLUMP.....???

-Overbought conditions from last week..

-Short selling got momentum on weakness...

-News of recession started a year ago...

-PMI weakness in China was played up in media...

Add all this up and you have a very NERVOUS tape...SELL first ASK questions later was the MANTRA.....

OR

Was it just the TAPE we should be used to by NOW.....the answer is probably later...It IS just the type of TAPE these day's.......

In my portfolio :

Sold HXU.TO & HJU.TO

Portfolio is HOU.TO,HSU.TO & HQU.TO

I should be trading lot MORE than what I am doing...hard to get going on this...BUT shall TRY NOW.....

BLOG does NOT give buy or sell.

Saleem

All Indices DOWN 4.55% to 5.5%.....

Markets are pulling back for many reasons.....

Pullback is happening after a HUGE 20% RUNUP in past 5 sessions.....

Economic news from Japan & US were not helpful either......

Most sectors are taking it on the chin today.....

Canadian politics is taking a huge toll on TSX as current Govt is being forced out by opposition with NO CONFIDENCE vote on Dec 8th.... TSX is down 712 points.....a drop of 7.7%....

All my ETF are down sharply......

OIL is down sharply..struggling below $50....

Let us hope that close is above LOWS of the day.....

BLOG does NOT give buy or sell.

Saleem