Following stocks are flashing buy signal.Please do your OWN due diligence by analyzing FA/TA/TAPE.
AMZN,ARAY,ARBA,OSTK,OSIS,RGLD,WINS,
ASA,AUY,VAR,CEF,EGO,IAG.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Saturday, January 31, 2009
Technically STRONG stocks for "stuck in the mud market"
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
CYTX,MMM,GFI,CHD,DISH,HWAY,GHDX,
CCUR.
BLOG does NOT give buy or sell.
Saleem
CYTX,MMM,GFI,CHD,DISH,HWAY,GHDX,
CCUR.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "stuck in the mud market"
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
WYNN,PCU,STLD,IGT,LTD,X,BRCM,JAS,
CYBX,MRO,IR.
BLOG does NOT give buy or sell.
Saleem
WYNN,PCU,STLD,IGT,LTD,X,BRCM,JAS,
CYBX,MRO,IR.
BLOG does NOT give buy or sell.
Saleem
Friday, January 30, 2009
Battle of Dow 8,000 continues.....
Dow is involved in its battle of century for 8,000....so far a close was in the cards but Monday could be another story.....too much Negativity has taken hold.....there is always something negative to harp ON......
AMZN & SPWRA could NOT give lift to their sectors in any meaningful manner????
Financials are called into question on a daily basis...so it was nice to see conviction buy on MA by GS....which also benefits V.....
GOLD is GOLD again with its highest close in 6 months.......
By 10 AM Saturday..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
AMZN & SPWRA could NOT give lift to their sectors in any meaningful manner????
Financials are called into question on a daily basis...so it was nice to see conviction buy on MA by GS....which also benefits V.....
GOLD is GOLD again with its highest close in 6 months.......
By 10 AM Saturday..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Market reacting to GDP number???
All indices are in RED...thanks to better than expected GDP number...3.8% drop vs expected 5.4%.....this should have triggered a HUGE rally...BUT........
There is too much pessimism to CHEER any better news.......
1.5% area is the loss in all indices.....
GOLD UP $15+++
Crude UP 60 cents
In my portfolio :
IMG.TO UP 34 cents
GERN Down 9 cents...GERN went to $8.50 new 52 week HIGH ..before pulling back with market....
XLF Down 2 cents
@ 12.06 following are green in my watch list :
GG,V,MA,ISRG,FXI,FSLR,RIMM,PMCS,
SLV,SPWRA,VAR,GS,IBN,AMZN.
BLOG does NOT give buy or sell.
Saleem
There is too much pessimism to CHEER any better news.......
1.5% area is the loss in all indices.....
GOLD UP $15+++
Crude UP 60 cents
In my portfolio :
IMG.TO UP 34 cents
GERN Down 9 cents...GERN went to $8.50 new 52 week HIGH ..before pulling back with market....
XLF Down 2 cents
@ 12.06 following are green in my watch list :
GG,V,MA,ISRG,FXI,FSLR,RIMM,PMCS,
SLV,SPWRA,VAR,GS,IBN,AMZN.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 29, 2009
WEAK close in all indices???
Markets were taken back by many things including details of stimulus package...
Instead of rally we got clobbered in most sectors......
Washington is still busy with porks than substance....
So we stay rangebound near LOWS????
In my portfolio:
Sold HGU.....
Bought IMG.TO which also trades in Amex as IAG...my cost in Toronto $8.38..it is a profitable Gold producer of almost million oz...trades actively 2 million average....
My portfolio is GERN,IMG.TO,XLF.....
AMZN had a beat & guide Higher UP $6+++
JNPR & BRCM were greeted with more selling AH.....on Sales miss & guiding lower....
SPWRA beats by 11 cents.....beats on Revenue & guiding in line for 09.....giving boost to solar stocks AH....
BLOG does NOT give buy or sell.
Saleem
Instead of rally we got clobbered in most sectors......
Washington is still busy with porks than substance....
So we stay rangebound near LOWS????
In my portfolio:
Sold HGU.....
Bought IMG.TO which also trades in Amex as IAG...my cost in Toronto $8.38..it is a profitable Gold producer of almost million oz...trades actively 2 million average....
My portfolio is GERN,IMG.TO,XLF.....
AMZN had a beat & guide Higher UP $6+++
JNPR & BRCM were greeted with more selling AH.....on Sales miss & guiding lower....
SPWRA beats by 11 cents.....beats on Revenue & guiding in line for 09.....giving boost to solar stocks AH....
BLOG does NOT give buy or sell.
Saleem
Horrendous jobless claims but NO panic selling !!!
Today's jobless claims shot UP to 4.78 million....
New homes Sales plunged to record low ever for Dec..down 14.7%....
So..all this record economic slump is causing indices to slump less than 2% so far???
Worse the economic news..the closer we are to recovery..IS the LOGIC...plus President Obama has warned many times that news will get worse before it gets better.....
S&P,Nasdaq closed above 50 DMA yesterday while Dow did not.....
Today Nasdaq is still ABOVE 50 DMA...while S&P gave the crown ..so far....
Here is the numbers for 50 DMA
DOW 8478.23
Nasdaq 1518.31
S&P 500 867.34
In my portfolio :
HGU UP 65 cents
GERN Down 22 cents
XLF Down 48 cents
Remember Jimmy the Cramer call that Gold chart is LYING & sell,sell,sell AEM & buy below $40....well GOLD is UP $11 @ $900 & all gold stocks are UP..AEM last trade $53.97 UP $1.93..so Jimmy the Cramer gang is losing money on AEM short...maybe his team of losers will learn that TAPE never LIES & NEVER fight the TAPE......Gold has been the strongest sector since November 2008...get use to it !!!!
@ 11.48 AM following are green in my watch list :
AEM,KGC,GG,AUY,ABX,POT,BIDU,DUG.
BLOG does NOT give buy or sell.
Saleem
New homes Sales plunged to record low ever for Dec..down 14.7%....
So..all this record economic slump is causing indices to slump less than 2% so far???
Worse the economic news..the closer we are to recovery..IS the LOGIC...plus President Obama has warned many times that news will get worse before it gets better.....
S&P,Nasdaq closed above 50 DMA yesterday while Dow did not.....
Today Nasdaq is still ABOVE 50 DMA...while S&P gave the crown ..so far....
Here is the numbers for 50 DMA
DOW 8478.23
Nasdaq 1518.31
S&P 500 867.34
In my portfolio :
HGU UP 65 cents
GERN Down 22 cents
XLF Down 48 cents
Remember Jimmy the Cramer call that Gold chart is LYING & sell,sell,sell AEM & buy below $40....well GOLD is UP $11 @ $900 & all gold stocks are UP..AEM last trade $53.97 UP $1.93..so Jimmy the Cramer gang is losing money on AEM short...maybe his team of losers will learn that TAPE never LIES & NEVER fight the TAPE......Gold has been the strongest sector since November 2008...get use to it !!!!
@ 11.48 AM following are green in my watch list :
AEM,KGC,GG,AUY,ABX,POT,BIDU,DUG.
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 28, 2009
Strong Close for all Indices......
Market celebrated Bad Bank idea.....by closing higher near HIGHS of the day....
Stimulus package passed the House without a single vote from Republicans.....
VIX closed @ 39.66.....
Futures after fair value are down slightly....
DRYS down AH 24% on breach of SOME loan covenants...
XLF had a record volume day 312+ million share day....
BLOG does NOT give buy or sell.
Saleem
Stimulus package passed the House without a single vote from Republicans.....
VIX closed @ 39.66.....
Futures after fair value are down slightly....
DRYS down AH 24% on breach of SOME loan covenants...
XLF had a record volume day 312+ million share day....
BLOG does NOT give buy or sell.
Saleem
Markets GREEN loving "bad bank" idea...
Markets got the much needed boost for financials..with the BAD BANK idea being considered....
Most sectors are participating in this RUNUP except Gold & some Pharma......as they are CONTRA trend play.....
Gold Down $12...
Oil Down 40 cents....
In my portfolio :
Bought XLF ETF for US financials...as current administration is going to come up with new & better ideas to help Financials & economy.....my cost $9.95
HGU Down 89 cents
GERN Down 2 cents
XLF UP $1.02..I am up only 21 cents
Canadian $ is UP 1.27 cents against US$..as Budget was stimulative & will pass the parliament...
BLOG does NOT give buy or sell.
Saleem
Most sectors are participating in this RUNUP except Gold & some Pharma......as they are CONTRA trend play.....
Gold Down $12...
Oil Down 40 cents....
In my portfolio :
Bought XLF ETF for US financials...as current administration is going to come up with new & better ideas to help Financials & economy.....my cost $9.95
HGU Down 89 cents
GERN Down 2 cents
XLF UP $1.02..I am up only 21 cents
Canadian $ is UP 1.27 cents against US$..as Budget was stimulative & will pass the parliament...
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 27, 2009
Another GREEN close !!!!
Markets are fighting all the negative economic data points & closing GREEN back to back......
AH Fed are creating BAD BANK to deal with toxic asset.....
Financials are higher AH..along with Futures!!!
Strong stocks today included RIMM,ISRG,MA,V,GS,GOOG,FSLR......
AH YHOO ER was better than expected & new CEO saying everything IS on the table..means MSFT please buy YHOO....
Jimmy the Cramer saying CHART is LYING on GOLD & GOLD stocks.....so his drum roll saying Sell,Sell,Sell......you learn something NEW on Ding Dong show.....
BLOG does NOT give buy or sell.
Saleem
AH Fed are creating BAD BANK to deal with toxic asset.....
Financials are higher AH..along with Futures!!!
Strong stocks today included RIMM,ISRG,MA,V,GS,GOOG,FSLR......
AH YHOO ER was better than expected & new CEO saying everything IS on the table..means MSFT please buy YHOO....
Jimmy the Cramer saying CHART is LYING on GOLD & GOLD stocks.....so his drum roll saying Sell,Sell,Sell......you learn something NEW on Ding Dong show.....
BLOG does NOT give buy or sell.
Saleem
Market ignoring Housing stat..staying GREEN !!!!
All indices are sporting GREEN...despite housing prices plummeting 18.2%....
AXP is giving support to financials & market by having a half decent ER AH.....
GOLD Down $9
Oil Down $2
Silver is green....
Canadian $ down 40 tick..jitters before Budget @ 4PM....
In my portfolio:
HGU UP 7 cents
GERN Down 57 cents
@ 11.48 AM following are green in my watch list :
XLF,STP,WFR,V,SLV,C,CTRN,ICE,CCJ,JRCC,
MA,NYX,SPWRA,FSLR,ISRG,SNE,GS,VAR,
GOOG,IBN,AAPL,RIMM,CMED.
BLOG does NOT give buy or sell.
Saleem
AXP is giving support to financials & market by having a half decent ER AH.....
GOLD Down $9
Oil Down $2
Silver is green....
Canadian $ down 40 tick..jitters before Budget @ 4PM....
In my portfolio:
HGU UP 7 cents
GERN Down 57 cents
@ 11.48 AM following are green in my watch list :
XLF,STP,WFR,V,SLV,C,CTRN,ICE,CCJ,JRCC,
MA,NYX,SPWRA,FSLR,ISRG,SNE,GS,VAR,
GOOG,IBN,AAPL,RIMM,CMED.
BLOG does NOT give buy or sell.
Saleem
Monday, January 26, 2009
All indices closed GREEN !!!!
Market were sharply higher on optimistic economic data...but were dragged lower by weakness in financials......
All indices fought back to close in GREEN...internals were way stronger than less than 1% gain..advancing stocks had convincing lead over decliners...2 to 1 range.....
Market SEEMS to stay above key support levels...which IS encouraging.......
Strong stocks included BIDU,POT,ISRG,FSLR.....
TXN ER was taken as positive...
VMW guiding lower Q1 Sales in their ER AH...down slightly !!!
GNK suspends dividend & share buyback program...to conserve cash..stock down 11% AH ...
BLOG does NOT give buy or sell.
Saleem
All indices fought back to close in GREEN...internals were way stronger than less than 1% gain..advancing stocks had convincing lead over decliners...2 to 1 range.....
Market SEEMS to stay above key support levels...which IS encouraging.......
Strong stocks included BIDU,POT,ISRG,FSLR.....
TXN ER was taken as positive...
VMW guiding lower Q1 Sales in their ER AH...down slightly !!!
GNK suspends dividend & share buyback program...to conserve cash..stock down 11% AH ...
BLOG does NOT give buy or sell.
Saleem
Home Sales & LEI UP...giving HOPE to economy !!!
Existing home sales UP 6.5%..median home prices plunged to $175,400 down 15.3% from a year ago....there is a strong belief that once housing stabilizes then economy will improve also....
LEI also showing sign of life based on increase in money supply......
ARE we getting near TROUGH in economic SLUMP?????
GOLD UP $11+++
OIL UP $1+++
Canadian $ UP against US$.....Canada is tabling its new budget in parliament @ 4 PM Tuesday..which will include many stimulus ..projecting $34 Billion deficit first in 10 years...
Many Gold stocks are downgraded a notch by HSBC...including ABX,KGC.....so gold stocks are RED mostly......
In my portfolio :
HGU Down 40 cents
GERN UP 88 cents
Most stocks are UP......except RIMM,JASO,MA,V,NDN,LULU,DUG,SGP,KGC.....are RED!!!
BLOG does NOT give buy or sell.
Saleem
LEI also showing sign of life based on increase in money supply......
ARE we getting near TROUGH in economic SLUMP?????
GOLD UP $11+++
OIL UP $1+++
Canadian $ UP against US$.....Canada is tabling its new budget in parliament @ 4 PM Tuesday..which will include many stimulus ..projecting $34 Billion deficit first in 10 years...
Many Gold stocks are downgraded a notch by HSBC...including ABX,KGC.....so gold stocks are RED mostly......
In my portfolio :
HGU Down 40 cents
GERN UP 88 cents
Most stocks are UP......except RIMM,JASO,MA,V,NDN,LULU,DUG,SGP,KGC.....are RED!!!
BLOG does NOT give buy or sell.
Saleem
Sunday, January 25, 2009
Weak Tape pointing to ????
All major indices have been trending down lately.....
All indices are near November LOWS......
So...in the last 60 days of tape action..we have gone nowhere .....
It is extremely discouraging to see that we are where we were back on Nov 19 2008???
So .....since May 16th 2008 when we were @ 1427.45 in S&P 500.....we have given back 595.50 or 41.7% based on Friday's close of 831.95......to look @ another way we are barely 79.51 above Nov 20th low of 752.44......after 8 months of downward trend we are still testing LOWS.....
If there is one technical indicator which is giving hope..it IS slow stochastic...it IS trending UP.....
So...why are we near lows & NOT well above 50 DMA 869.77 in S&P 500......
Based on historical pattern we should be half way towards 200 DMA which is 1148.97..I am implying 1050 area in S&P 500......
Based on the enormity of economic challenges...we are still TALKING not IMPLEMENTING actions.......
Republicans are still TALKING fiscal responsibility after DESTROYING the economy..HYPOCRISY @ its PEAK......instead of shutting UP & quick agreement..FOCUS is on PETTY POLITICS.....this is NOT democracy it is PURE partisanship..which has no place in these GRAVE economic environment.....
So Market is getting DISGUSTED & MAY give another JOLT to stock market to WAKE hypocrites to needed action......
Many sectors are outperforming the indices.....Gold,Silver,Education outfit are leading the charge,Bio techs are simmering UP.....
Until market gets the approval of $800 Billion stimulus.....it will remain in a WAIT & SEE mode !!!!
BLOG does NOT give buy or sell.
Saleem
All indices are near November LOWS......
So...in the last 60 days of tape action..we have gone nowhere .....
It is extremely discouraging to see that we are where we were back on Nov 19 2008???
So .....since May 16th 2008 when we were @ 1427.45 in S&P 500.....we have given back 595.50 or 41.7% based on Friday's close of 831.95......to look @ another way we are barely 79.51 above Nov 20th low of 752.44......after 8 months of downward trend we are still testing LOWS.....
If there is one technical indicator which is giving hope..it IS slow stochastic...it IS trending UP.....
So...why are we near lows & NOT well above 50 DMA 869.77 in S&P 500......
Based on historical pattern we should be half way towards 200 DMA which is 1148.97..I am implying 1050 area in S&P 500......
Based on the enormity of economic challenges...we are still TALKING not IMPLEMENTING actions.......
Republicans are still TALKING fiscal responsibility after DESTROYING the economy..HYPOCRISY @ its PEAK......instead of shutting UP & quick agreement..FOCUS is on PETTY POLITICS.....this is NOT democracy it is PURE partisanship..which has no place in these GRAVE economic environment.....
So Market is getting DISGUSTED & MAY give another JOLT to stock market to WAKE hypocrites to needed action......
Many sectors are outperforming the indices.....Gold,Silver,Education outfit are leading the charge,Bio techs are simmering UP.....
Until market gets the approval of $800 Billion stimulus.....it will remain in a WAIT & SEE mode !!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, January 24, 2009
BUY rated stocks for Market Malaise!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by analyzing FA/TA/TAPE.
BAGL,IMAX,MXIM,NTAP,PAAS,QCOM,SIGM,
SYNA,URBN,ABX,AEM,AU,AUY,GLD,DGP,EAT,
HK,HMY,SLW,UGL.UNH,CEF,EGO,GSS,RBY.
BLOG does NOT give buy or sell.
Next post by 10AM Sunday.
Saleem
BAGL,IMAX,MXIM,NTAP,PAAS,QCOM,SIGM,
SYNA,URBN,ABX,AEM,AU,AUY,GLD,DGP,EAT,
HK,HMY,SLW,UGL.UNH,CEF,EGO,GSS,RBY.
BLOG does NOT give buy or sell.
Next post by 10AM Sunday.
Saleem
Technically STRONG stocks for Market Malaise!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
GOLD,UNH,CCU,AZK,MSTR,VRSN,ADTN,
IDCC,FMC,LUB,SRE,VNR,SILC,HSY,AGU.
BLOG does NOT give buy or sell.
Saleem
GOLD,UNH,CCU,AZK,MSTR,VRSN,ADTN,
IDCC,FMC,LUB,SRE,VNR,SILC,HSY,AGU.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for Market Malaise!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
CAT,WSII,HITT,BIIB,OXPS,TM,FSLR,PM,
NTRI,WMT,JBLU,AMR,JRJC,CAJ,BID,DHI.
BLOG does NOT give buy or sell.
Saleem
CAT,WSII,HITT,BIIB,OXPS,TM,FSLR,PM,
NTRI,WMT,JBLU,AMR,JRJC,CAJ,BID,DHI.
BLOG does NOT give buy or sell.
Saleem
Friday, January 23, 2009
Dow weak but closed above 8000.....
Markets were struggling whole day to stay green.....
Nasdaq & S&P 500 closed GREEN while Dow was RED....
Internals in NYSE & Nasdaq were neutral to slightly negative.....
Gold stocks continued their strength as Gold Bullion is $4.20 from cracking $900...which will be a milestone for Gold BULL.....we SHOULD take 52 wk Highs slightly above $900 in a hurry...COULD Monday be the day $$$$
Crude did its many REVERSAL today by closing UP strongly.....$50 ahead IS a resistance point...
GOOG was strong also....
In my portfolio :
Added more GERN..cost went down to $7.43.....Two analyst came out with Outperform & Strong buy with a target increase of $19..Schaeffers Research technical analysis is very BULLISH as GERN closed @ new 52 week HIGH...they expect the stock to move HIGHER with new analyst coverage & Two existing ones moving to bullish camp from current Neutral rating.....
HGU was UP $1.77 @ close giving me GREEN...
Canadian $ was UP $ 1.75 Cents against US$.... a HUGE move UP.....giving me a well earned SMILE with $$$$$$
By 10AM Saturday..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Nasdaq & S&P 500 closed GREEN while Dow was RED....
Internals in NYSE & Nasdaq were neutral to slightly negative.....
Gold stocks continued their strength as Gold Bullion is $4.20 from cracking $900...which will be a milestone for Gold BULL.....we SHOULD take 52 wk Highs slightly above $900 in a hurry...COULD Monday be the day $$$$
Crude did its many REVERSAL today by closing UP strongly.....$50 ahead IS a resistance point...
GOOG was strong also....
In my portfolio :
Added more GERN..cost went down to $7.43.....Two analyst came out with Outperform & Strong buy with a target increase of $19..Schaeffers Research technical analysis is very BULLISH as GERN closed @ new 52 week HIGH...they expect the stock to move HIGHER with new analyst coverage & Two existing ones moving to bullish camp from current Neutral rating.....
HGU was UP $1.77 @ close giving me GREEN...
Canadian $ was UP $ 1.75 Cents against US$.... a HUGE move UP.....giving me a well earned SMILE with $$$$$$
By 10AM Saturday..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Dow having trouble holding above 8000???
Dow is struggling with 8,000 as IF it is a RESISTANCE???
GE post ER guidance was taken as too OPTIMISTIC.....so it is taken DOWN 6%...
Gold UP $36....
Oil Down $1++
Canadian $ is UP against US$..two day's in a row..as Canadian Central Bank Governor is very OPTIMISTIC about a 2ND half recovery in Canada irrespective of US economy....CAD UP 83 tick..good for my financial health as i am short US$......
In my portfolio :
Bought GERN which got approval for human Stem cell research from FDA today...Barak Obama is all for Stem Cell research to give cure for many disease.GERN got approval for Spinal cord research which actor Christopher Reeve died from......it is his dream to get cure for such a crippling injury....my cost $7.88
HGU UP $1.76
GERN UP $2.76...I am UP only 8 cents..volume is 30 million as of 12.09 ..normal volume is 905,000 for whole day...
@ 12.10 following is green in my watch list :
XLF,STP,JASO,WFR,KGC,SLV,C,TKC,ICE,
NDAQ,WYNN,AUY,GG,ABX,VLO,SPWRA,
SNE,GS,GOOG,FWLT,AGU,LDK,CSIQ.
BLOG does NOT give buy or sell.
Saleem
GE post ER guidance was taken as too OPTIMISTIC.....so it is taken DOWN 6%...
Gold UP $36....
Oil Down $1++
Canadian $ is UP against US$..two day's in a row..as Canadian Central Bank Governor is very OPTIMISTIC about a 2ND half recovery in Canada irrespective of US economy....CAD UP 83 tick..good for my financial health as i am short US$......
In my portfolio :
Bought GERN which got approval for human Stem cell research from FDA today...Barak Obama is all for Stem Cell research to give cure for many disease.GERN got approval for Spinal cord research which actor Christopher Reeve died from......it is his dream to get cure for such a crippling injury....my cost $7.88
HGU UP $1.76
GERN UP $2.76...I am UP only 8 cents..volume is 30 million as of 12.09 ..normal volume is 905,000 for whole day...
@ 12.10 following is green in my watch list :
XLF,STP,JASO,WFR,KGC,SLV,C,TKC,ICE,
NDAQ,WYNN,AUY,GG,ABX,VLO,SPWRA,
SNE,GS,GOOG,FWLT,AGU,LDK,CSIQ.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 22, 2009
Dow crawls back UP from 7957.14 to close @ 8122.80 !!!
Dow is trying to make a solid stand to close above 8,000 back to back......
GOOG came out with good ER......
GOOG,AAPL,POT,IPI,CMED,BIDU,LULU,GS,DUG were strong !!!!
GE reports before open.....Dividend will be the story !!!!!
DRYS cuts dividend & outlook...cuts expansion plans......took a major haircut Down almost $4 or Down almost 28%.....
Markets are extremely NERVOUS about MANY things..Economy,Profitability......
BLOG does NOT give buy or sell.
Saleem
GOOG came out with good ER......
GOOG,AAPL,POT,IPI,CMED,BIDU,LULU,GS,DUG were strong !!!!
GE reports before open.....Dividend will be the story !!!!!
DRYS cuts dividend & outlook...cuts expansion plans......took a major haircut Down almost $4 or Down almost 28%.....
Markets are extremely NERVOUS about MANY things..Economy,Profitability......
BLOG does NOT give buy or sell.
Saleem
RETEST of LOWS continues......
Markets are NOT able to find their footing for more than "ONE day @ a time"
So...here we go DOWN below 8,000 in DOW AGAIN......
The important question IS......is this base building near 52 week LOW..or a BREAKDOWN taking place????
In my portfolio :
Sold TAN....
Bought more of HGU.TO ..cost went UP to $12.18
HGU UP 6 cents.....
@ 12.18 following are green in my watch list :
AAPL,POT,V,DUG,CMED,SLV.
Jobless Claims & 5000 Layoffs by MSFT is putting FEAR back into market about economy.
Ralph Acompora..famed technical analyst is predicting Dow 6000 if Dow does NOT hold 8000...
BLOG does NOT give buy or sell.
Saleem
So...here we go DOWN below 8,000 in DOW AGAIN......
The important question IS......is this base building near 52 week LOW..or a BREAKDOWN taking place????
In my portfolio :
Sold TAN....
Bought more of HGU.TO ..cost went UP to $12.18
HGU UP 6 cents.....
@ 12.18 following are green in my watch list :
AAPL,POT,V,DUG,CMED,SLV.
Jobless Claims & 5000 Layoffs by MSFT is putting FEAR back into market about economy.
Ralph Acompora..famed technical analyst is predicting Dow 6000 if Dow does NOT hold 8000...
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 21, 2009
Markets IMPRESSIVE reversal today !!!!
Markets staged a major comeback from testing LOWS.....on relatively so so news....a definite sign of a successful retest & turnaround......
IBM ER was mixed as they missed on Sales but beat on EPS & better guidance.......IBM UP $9++
As they say...NO rally can be meaningful unless Financials participate...BOY did they ever participate today.... some stocks were UP close to 30%...WOW !!!!!
AAPL AH knock the socks of earning estimates..beating both top & bottom line ......AAPL UP almost $12.......Guidance NOT as conservative as expected..which was a big relief !!!
NOK reports in Europe before we open...it is expected to be a downer......
GOOG & MSFT reports AH Thursday.......
VIX closed @ 46.42 Down 18.06%
Most sectors ended UP green but Financials were the superstars...thanks to insider buying in JPM & BAC....
As I have learned the hard way...it IS a trading market...sell on the strength & buy on weakness$$$
BLOG does NOT give buy or sell.
Saleem
IBM ER was mixed as they missed on Sales but beat on EPS & better guidance.......IBM UP $9++
As they say...NO rally can be meaningful unless Financials participate...BOY did they ever participate today.... some stocks were UP close to 30%...WOW !!!!!
AAPL AH knock the socks of earning estimates..beating both top & bottom line ......AAPL UP almost $12.......Guidance NOT as conservative as expected..which was a big relief !!!
NOK reports in Europe before we open...it is expected to be a downer......
GOOG & MSFT reports AH Thursday.......
VIX closed @ 46.42 Down 18.06%
Most sectors ended UP green but Financials were the superstars...thanks to insider buying in JPM & BAC....
As I have learned the hard way...it IS a trading market...sell on the strength & buy on weakness$$$
BLOG does NOT give buy or sell.
Saleem
Markets stable so far.....UP +.8% to +1.16%
Markets are stable so far after yesterday's close below 8,000 in Dow......
NASDAQ is UP the most ..thanks to IBM guidance & EPS beat......
President Obama is giving confidence to citizens & investors.....it is a good thing...Yes We CAN !!!!
Oil is UP 70 cents...
Gold is Down $5....
In my portfolio :
Bought HGU.TO Double long ETF of Gold stocks which includes GG,ABX,AEM,NEM,KGC...my cost $11.65.....
My portfolio has TAN & HGU
TAN Unchanged
HGU UP 8 cents ..I am UP 27 cents
@ 12.20 following are green in my watch list:
RIMM,AAPL,GOOG,QQQQ,IPI,EGLE,DSX,GNK,
V,POT,C,ICE,NDAQ,WYNN,MA,BIDU,VLO,ABX,GG,
SPWRA,FSLR,ISRG,GS,MON.
BLOG does NOT give buy or sell.
Saleem
NASDAQ is UP the most ..thanks to IBM guidance & EPS beat......
President Obama is giving confidence to citizens & investors.....it is a good thing...Yes We CAN !!!!
Oil is UP 70 cents...
Gold is Down $5....
In my portfolio :
Bought HGU.TO Double long ETF of Gold stocks which includes GG,ABX,AEM,NEM,KGC...my cost $11.65.....
My portfolio has TAN & HGU
TAN Unchanged
HGU UP 8 cents ..I am UP 27 cents
@ 12.20 following are green in my watch list:
RIMM,AAPL,GOOG,QQQQ,IPI,EGLE,DSX,GNK,
V,POT,C,ICE,NDAQ,WYNN,MA,BIDU,VLO,ABX,GG,
SPWRA,FSLR,ISRG,GS,MON.
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 20, 2009
Markets sinking while "saviour" is in town???
Markets are doing their usual retest of Nov LOWS...AGAIN????
Financials are being decimated AGAIN?????
XLF & UYG are @ new LOWS.....
Declining issues were leading by 5.8 to 1 on NASDAQ & 8.64 to 1 on NYSE....
New 52 week lows were 151 in NASDAQ & 129 in NYSE..
6 new 52 week HIGHS were in NASDAQ.....
Markets are in serious TECHNICAL trouble even after so much planning has been ARTICULATED by President Obama & his team????
AAPL reports AH Wed...
GOOG reports AH Thursday....
Their guidance WILL set the tone each day.....how much of WEAK guidance IS in the price ..hard to tell these days.....
AAPL made & closed @ new 52 week LOW.....
BLOG does NOT give buy or sell.
PS...Was late in post today..as I was trying to catch up with President Obama comings & goings today...on this HISTORIC day for US & entire WORLD ...expect great things from President Obama.....
Saleem
Financials are being decimated AGAIN?????
XLF & UYG are @ new LOWS.....
Declining issues were leading by 5.8 to 1 on NASDAQ & 8.64 to 1 on NYSE....
New 52 week lows were 151 in NASDAQ & 129 in NYSE..
6 new 52 week HIGHS were in NASDAQ.....
Markets are in serious TECHNICAL trouble even after so much planning has been ARTICULATED by President Obama & his team????
AAPL reports AH Wed...
GOOG reports AH Thursday....
Their guidance WILL set the tone each day.....how much of WEAK guidance IS in the price ..hard to tell these days.....
AAPL made & closed @ new 52 week LOW.....
BLOG does NOT give buy or sell.
PS...Was late in post today..as I was trying to catch up with President Obama comings & goings today...on this HISTORIC day for US & entire WORLD ...expect great things from President Obama.....
Saleem
Market tape negative on Obama swearing in????
Markets are negative on the day when there is lot of excitement about Obama being President of US.....
Obama speech was far reaching & determined.
Obama will give fresh start to lot of ideas which is needed to bring the economy from current slump.....
Market is certainly NOT acting the way I was expecting today.....
Gold is UP $20....
In my portfolio :
Sold HEU yesterday in Toronto.....
Sold EGLE & HGU today.....
Current position is TAN......
TAN Down 47 cents
@ 12.57 PM following are green in my watch list :
KGC,AUY,VLO,ABX,GG,RIMM.
BLOG does NOT give buy or sell.
Saleem
Obama speech was far reaching & determined.
Obama will give fresh start to lot of ideas which is needed to bring the economy from current slump.....
Market is certainly NOT acting the way I was expecting today.....
Gold is UP $20....
In my portfolio :
Sold HEU yesterday in Toronto.....
Sold EGLE & HGU today.....
Current position is TAN......
TAN Down 47 cents
@ 12.57 PM following are green in my watch list :
KGC,AUY,VLO,ABX,GG,RIMM.
BLOG does NOT give buy or sell.
Saleem
Sunday, January 18, 2009
Economy,Obama & Market......
Economy is in a freefall......
Markets are near LOWS.....
Barak Obama is taking office on Tuesday......
Will Obama being President have an impact for Economy ???
Will Obama being President improve investor confidence???
Will Obama being President improve consumer confidence????
Starting Tuesday.......
All of the above should improve......as US is looking for a CHANGE.......
Having a new face in White House is a great Psychological start.....
President Obama is READY to implement many NEW programs on day ONE.....which is 20Th January.......
Inauguration will improve confidence for investors,traders,consumers & citizens @ large...@ least gloom & doom will take a back seat.....
Focus will shift on solving serious issues in economy.......
Market has a very good chance of giving a well deserved honeymoon to new President......
President Barak Obama will bring HOPE & CHANGE in psychology.....
Era of FRUSTRATION,DESPERATION & HOPELESSNESS will give way to RESOLUTION of most issues.
As markets have been discounting how bad the economy is getting...
NOW markets can start looking AHEAD to better Day's,Month's & Year's.......
BLOG does NOT give buy or sell.
Saleem
Markets are near LOWS.....
Barak Obama is taking office on Tuesday......
Will Obama being President have an impact for Economy ???
Will Obama being President improve investor confidence???
Will Obama being President improve consumer confidence????
Starting Tuesday.......
All of the above should improve......as US is looking for a CHANGE.......
Having a new face in White House is a great Psychological start.....
President Obama is READY to implement many NEW programs on day ONE.....which is 20Th January.......
Inauguration will improve confidence for investors,traders,consumers & citizens @ large...@ least gloom & doom will take a back seat.....
Focus will shift on solving serious issues in economy.......
Market has a very good chance of giving a well deserved honeymoon to new President......
President Barak Obama will bring HOPE & CHANGE in psychology.....
Era of FRUSTRATION,DESPERATION & HOPELESSNESS will give way to RESOLUTION of most issues.
As markets have been discounting how bad the economy is getting...
NOW markets can start looking AHEAD to better Day's,Month's & Year's.......
BLOG does NOT give buy or sell.
Saleem
Saturday, January 17, 2009
BUY rated stocks for Market bounce for Obama Factor!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by analyzing FA/TA/TAPE.
ATVI,CERN,EHTH,EPIQ,HWAY,INFY,NCTY,NTAP,
NVLS,SGEN,BAX,DLM,IAG,TRA,TSO,HOL,IAN,LZR.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ATVI,CERN,EHTH,EPIQ,HWAY,INFY,NCTY,NTAP,
NVLS,SGEN,BAX,DLM,IAG,TRA,TSO,HOL,IAN,LZR.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for Market bounce for Obama Factor!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
TNH,HOC,DV,CECO,ARBA,A,IWOV,SJM,DX,
VOLC,SFSF,HGR,SVR,IPCM.
BLOG does NOT give buy or sell.
Saleem
TNH,HOC,DV,CECO,ARBA,A,IWOV,SJM,DX,
VOLC,SFSF,HGR,SVR,IPCM.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for Market bounce for Obama Factor!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
ZRAN,DVN,ROLL,PACR,JEF,MBT,WFR,BOLT,
PWRD,JRJC,NSM,TNK,RNOW,CE,ZUMZ.
BLOG does NOT give buy or sell.
Saleem
ZRAN,DVN,ROLL,PACR,JEF,MBT,WFR,BOLT,
PWRD,JRJC,NSM,TNK,RNOW,CE,ZUMZ.
BLOG does NOT give buy or sell.
Saleem
Friday, January 16, 2009
Green close on OE day !!!!
Indices fought its way to green close when every index was positive.....
Advancing stocks had a lead of 2 to 1 lead in NYSE..Nasdaq also maintained advancing lead by 200 stocks.....
Most sectors participated in this rally except Financials & Dry Shippers......
My Gold stocks ETF was the superstar again two day's in a row...+8.17%
My Energy stocks ETF was second best with a gain of 3.02%
TAN was UP 1.43%
EGLE was Down 4.84%.....
Canadian $ was UP slightly after many day's of loss for me.....
US market is close on Monday to honour Martin Luther King....But Canadian markets are open as usual..so Toronto will trade RIMM,POT,AGU,ABX,GG,AEM,ECA,CNQ,PCZ........
By 10AM Saturday ....I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Advancing stocks had a lead of 2 to 1 lead in NYSE..Nasdaq also maintained advancing lead by 200 stocks.....
Most sectors participated in this rally except Financials & Dry Shippers......
My Gold stocks ETF was the superstar again two day's in a row...+8.17%
My Energy stocks ETF was second best with a gain of 3.02%
TAN was UP 1.43%
EGLE was Down 4.84%.....
Canadian $ was UP slightly after many day's of loss for me.....
US market is close on Monday to honour Martin Luther King....But Canadian markets are open as usual..so Toronto will trade RIMM,POT,AGU,ABX,GG,AEM,ECA,CNQ,PCZ........
By 10AM Saturday ....I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Thanks to OE..Indices in RED !!!!
Option expiry today is IGNORING all the positives for financials......
C & BAC got their billions which created enthusiasm @ open.....then OE desired targets took over.....
We MAY get some bounce after 3PM...when OE game playing usually ENDS......
AAPL got target & estimate cut from Mike Abramsky of RBC.......AAPL down $2+
Gold is UP $27.....
Oil Down 70 cents....
In my portfolio :
HGU UP 02 cents
HEU UP 4 cents
TAN Down 20 cents
EGLE Down 49 cents
@ 12.06 following are green in my watch list:
KGC,SLV,POT,JRCC,NDAQ,BIDU,SOHU,VLO,FSLR,
AGU,IPI,CMED,GG,SNY.
BLOG does NOT give buy or sell.
Saleem
C & BAC got their billions which created enthusiasm @ open.....then OE desired targets took over.....
We MAY get some bounce after 3PM...when OE game playing usually ENDS......
AAPL got target & estimate cut from Mike Abramsky of RBC.......AAPL down $2+
Gold is UP $27.....
Oil Down 70 cents....
In my portfolio :
HGU UP 02 cents
HEU UP 4 cents
TAN Down 20 cents
EGLE Down 49 cents
@ 12.06 following are green in my watch list:
KGC,SLV,POT,JRCC,NDAQ,BIDU,SOHU,VLO,FSLR,
AGU,IPI,CMED,GG,SNY.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 15, 2009
S&P 500 low today 817.04..Dow low 7995.13???
Indices were in a freefall lately with negativity @ optimum today......
Most indices went below critical support only to "turn UP after testing"....
This market has no character...goes UP when nobody expects and goes down when nobody is expecting....
This selling which lasted almost 7 days...took the indices from recent HIGHS to below major support????
ONLY consolation IS that we did not test 52 week low..which were about 8% below.....
@ close we had more advancing stocks than declining in both NYSE & NASDAQ....
We also had 2 new 52week high on NYSE & 3 in NASDAQ....Not bad near bottom!!!
Solar stocks came to life after FSLR got a huge contract in UAE.....
LDK & STP got upgraded by Lazard.....
My Gold stock Double bull ETF came to life.....
TAN also did pretty good for me today...
Techs were strong....RIMM,PALM led the way !!!
Shippers were sleeping.... RED was the color???
C & BAC reports before Open.....bad news will be greeted with some clarity for future by their CEO..hopefully!!!!
BLOG does NOT give buy or sell.
Saleem
Most indices went below critical support only to "turn UP after testing"....
This market has no character...goes UP when nobody expects and goes down when nobody is expecting....
This selling which lasted almost 7 days...took the indices from recent HIGHS to below major support????
ONLY consolation IS that we did not test 52 week low..which were about 8% below.....
@ close we had more advancing stocks than declining in both NYSE & NASDAQ....
We also had 2 new 52week high on NYSE & 3 in NASDAQ....Not bad near bottom!!!
Solar stocks came to life after FSLR got a huge contract in UAE.....
LDK & STP got upgraded by Lazard.....
My Gold stock Double bull ETF came to life.....
TAN also did pretty good for me today...
Techs were strong....RIMM,PALM led the way !!!
Shippers were sleeping.... RED was the color???
C & BAC reports before Open.....bad news will be greeted with some clarity for future by their CEO..hopefully!!!!
BLOG does NOT give buy or sell.
Saleem
S&P 500 low so far 819.99....OVERSOLD???
Indices have given up majority of their gains in 7 trading days......S&P loss so far is 117 points or 13.98%......
OVERSOLD is the term which CAN be used now......
Retracement is very SWIFT & DEEP......
Financials are to be blamed for panic selling.....
My portfolio is RED.....
@ 12.13 following are green in my watch list:
RIMM,LULU,FSLR,TKC,ABX,SPWRA,DUG.
BLOG does NOT give buy or sell.
Saleem
OVERSOLD is the term which CAN be used now......
Retracement is very SWIFT & DEEP......
Financials are to be blamed for panic selling.....
My portfolio is RED.....
@ 12.13 following are green in my watch list:
RIMM,LULU,FSLR,TKC,ABX,SPWRA,DUG.
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 14, 2009
Indices hitting lower trading range???
Today's tape was very weak....internals were much weaker than indices.....
On NYSE 8.9 stocks were down compared to advancing....
NASDAQ 4.59 stocks were down compared to advancing...
Lot of explanations are being given on CNBC for market decline....but none makes sense....most quoted explanation is the weakness in financials & how TARP is being reworked....I personally do not buy that...as financials like any other stocks trades on its fundamentals plus technicals....it IS simply awful for financial sector in terms of fundamental......they are in worse shape than most traders wanted to believe.....
The real explanation which i can see is that Option expiry on Friday is mainly responsible for this downward tape...as decided by traders with big money????
Once OE objective is achieved...then the tape will be reversed by same group of traders.....
In my portfolio :
Sold URE.....
My portfolio is HGU.TO,HEU.TO,TAN,EGLE......
AAPL & BAC news AH is negative...
BLOG does NOT give buy or sell.
Saleem
On NYSE 8.9 stocks were down compared to advancing....
NASDAQ 4.59 stocks were down compared to advancing...
Lot of explanations are being given on CNBC for market decline....but none makes sense....most quoted explanation is the weakness in financials & how TARP is being reworked....I personally do not buy that...as financials like any other stocks trades on its fundamentals plus technicals....it IS simply awful for financial sector in terms of fundamental......they are in worse shape than most traders wanted to believe.....
The real explanation which i can see is that Option expiry on Friday is mainly responsible for this downward tape...as decided by traders with big money????
Once OE objective is achieved...then the tape will be reversed by same group of traders.....
In my portfolio :
Sold URE.....
My portfolio is HGU.TO,HEU.TO,TAN,EGLE......
AAPL & BAC news AH is negative...
BLOG does NOT give buy or sell.
Saleem
S&P 500 low so far 837.04....close is important...
Markets are being PUSHED lower & lower......on usual KNOWN concerns.....Economy,Retail,Health of Banks,consumer spending......
S&P 500 has given UP 100 points in straight line..a give back of 11.9% from recent high of 937...
My portfolio is all RED.....
Canadian $ is weak also down 91 tick...
Gold is improving....
Oil is improving...
Markets are improving...
@ 11.59 AM following are green in my watch list :
DUG,SNY,SNE.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 has given UP 100 points in straight line..a give back of 11.9% from recent high of 937...
My portfolio is all RED.....
Canadian $ is weak also down 91 tick...
Gold is improving....
Oil is improving...
Markets are improving...
@ 11.59 AM following are green in my watch list :
DUG,SNY,SNE.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 13, 2009
Some indices finding support by closing GREEN !!!!
Markets were meandering till the closing time ..when it showed some buying interest & NASDAQ & S&P 500 closed GREEN after finding support...
S&P 500 low today was 862.02..right in the support zone of 850-860......
There is lack of interest in market these days as every trader is waiting for a strong TAPE to get IN......
There were more advancing stocks today in both NYSE & NASDAQ.....
Wed is Crude inventory data...which keeps showing higher than expected build by millions of barrel of crude.....my question is where are they keeping millions of extra inventory & WHY...when there IS no demand for it..OR a better question IS...is the DATA accurate???? I think NOT????
Shippers,Gold,Oil,Ag & Tech stocks did well today.......
Solar stocks were Down thanks to downgrade of FSLR by Citigroup.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was 862.02..right in the support zone of 850-860......
There is lack of interest in market these days as every trader is waiting for a strong TAPE to get IN......
There were more advancing stocks today in both NYSE & NASDAQ.....
Wed is Crude inventory data...which keeps showing higher than expected build by millions of barrel of crude.....my question is where are they keeping millions of extra inventory & WHY...when there IS no demand for it..OR a better question IS...is the DATA accurate???? I think NOT????
Shippers,Gold,Oil,Ag & Tech stocks did well today.......
Solar stocks were Down thanks to downgrade of FSLR by Citigroup.....
BLOG does NOT give buy or sell.
Saleem
Indices trading in a defined range of support & resistance !!!
Indices are trading in a defined range of 860 to 940 in S&P 500......
Today we found support near 864 in S&P 500???/
Many technicians have recognized this trading range and they have buy & sell orders executed based on this model......
This market is becoming technically driven...nothing to do with fundamentals.....so benefit from these well-defined trend lines......
Who said...technicians are NOT rich....this is an ideal market for technicians.....
One more thing that I have observed about S&P 500 it IS an ascending slope..means higher lows & higher highs each time.....check the chart....thou shall SMILE !!!!!
In my portfolio :
HEU UP 24 cents
HGU UP 60 cents
TAN Down 14 cents
EGLE UP 26 cents
URE UP 24 cents
Canadian $ weak again against US$..down 69 tick so far....showing support around these level...
Gold is UP $5
Oil is UP $1
Solar stocks are weak again....But looks like it has found support & MAY turn UP...
@12.04...following are green in my watch list :
KGC,GG,AUY,ABX,NEM,AEM,POT,C,TKC,CTRN,ICE,
CCJ,JRCC,NDAQ,BIDU,LVS,VLO,ISRG,GS,VAR,GOOG,
FWLT,MON,AGU,IPI,DIG,GNK.
BLOG does NOT give buy or sell.
Saleem
Today we found support near 864 in S&P 500???/
Many technicians have recognized this trading range and they have buy & sell orders executed based on this model......
This market is becoming technically driven...nothing to do with fundamentals.....so benefit from these well-defined trend lines......
Who said...technicians are NOT rich....this is an ideal market for technicians.....
One more thing that I have observed about S&P 500 it IS an ascending slope..means higher lows & higher highs each time.....check the chart....thou shall SMILE !!!!!
In my portfolio :
HEU UP 24 cents
HGU UP 60 cents
TAN Down 14 cents
EGLE UP 26 cents
URE UP 24 cents
Canadian $ weak again against US$..down 69 tick so far....showing support around these level...
Gold is UP $5
Oil is UP $1
Solar stocks are weak again....But looks like it has found support & MAY turn UP...
@12.04...following are green in my watch list :
KGC,GG,AUY,ABX,NEM,AEM,POT,C,TKC,CTRN,ICE,
CCJ,JRCC,NDAQ,BIDU,LVS,VLO,ISRG,GS,VAR,GOOG,
FWLT,MON,AGU,IPI,DIG,GNK.
BLOG does NOT give buy or sell.
Saleem
Monday, January 12, 2009
Market sold off on no "real news".....
Indices closed lower by 1.46% to 2.26%..S&P 500 being the weakest & Dow behaving better & down least......
Internals were weak with 3 to 1 lead by declining stocks on NYSE & NASDAQ.....
S&P is hitting major support area of 860.....let us hope it will HOLD......
C news based on Summers note to congress was taken as free ride is over for Financials.......
Oil tanked...
Gold took a major beating...
Mining stocks took a hit based on jitters about AA ER......
In my portfolio :
Sold HMU.TO
Bought HGU.TO..which is a Double ETF of gold stocks which includes ABX,GG,KGC,AEM,NEM,AUY & others....my cost $9.41.....this sector is deeply oversold alongwith Bullion....
Portfolio is HEU,HGU,TAN,EGLE & URE.......
Indices have the feeling of range bound tape......hoping it SHOULD cross well above 940 which became resistance few days back on Jan 6Th 2009......
Not much to cheer today..mostly RED......
Canadian $ took a beating against US$....Down $1.70 cents....adding more RED for me.....
BLOG does NOT give buy or sell.
Saleem
Internals were weak with 3 to 1 lead by declining stocks on NYSE & NASDAQ.....
S&P is hitting major support area of 860.....let us hope it will HOLD......
C news based on Summers note to congress was taken as free ride is over for Financials.......
Oil tanked...
Gold took a major beating...
Mining stocks took a hit based on jitters about AA ER......
In my portfolio :
Sold HMU.TO
Bought HGU.TO..which is a Double ETF of gold stocks which includes ABX,GG,KGC,AEM,NEM,AUY & others....my cost $9.41.....this sector is deeply oversold alongwith Bullion....
Portfolio is HEU,HGU,TAN,EGLE & URE.......
Indices have the feeling of range bound tape......hoping it SHOULD cross well above 940 which became resistance few days back on Jan 6Th 2009......
Not much to cheer today..mostly RED......
Canadian $ took a beating against US$....Down $1.70 cents....adding more RED for me.....
BLOG does NOT give buy or sell.
Saleem
Market is down 1.07% to 1.84% so far????
Indices are pulling back today....which IS surprising.....
President Bush is asking congress to release $350 billion on Obama request...which SHOULD have given BOOST to the market????
Solar stocks are under pressure...two analyst are cutting Solar output & EPS for 09....
It will be interesting to see where indices will close today......
Everything is down in my portfolio.....
Canadian $ is also weaker against US$..down 1.26 cents...which will add more RED..
Only the short ETF are UP......
BLOG does NOT give buy or sell.
Saleem
President Bush is asking congress to release $350 billion on Obama request...which SHOULD have given BOOST to the market????
Solar stocks are under pressure...two analyst are cutting Solar output & EPS for 09....
It will be interesting to see where indices will close today......
Everything is down in my portfolio.....
Canadian $ is also weaker against US$..down 1.26 cents...which will add more RED..
Only the short ETF are UP......
BLOG does NOT give buy or sell.
Saleem
Sunday, January 11, 2009
Finally... are we ready to move above trading range???
S&P 500 has been @ current level since Oct 10......basing for more than 3 months.....
S&P 500 closed above 50 DMA 888.75 on Friday......
Slow stochastic is showing oversold reading....
1172 is the 200 DMA on S&P 500....
Nov 20 we closed @ 752.44.....so on a closing basis ..we are @ 890.35 ..137.91 or 18.32% ABOVE closing LOW.....
Why this stat IS important??
Because...there is "real FEAR" which has set IN...in the mind of MOST people.....about economy,jobs,credit,housing & FUTURE.......
If the above is an accurate indicator.......then pessimism is @ HIGHEST level........which IS just what stock market likes to see......to move UP working towards the end of this misery indicator...
Stock Market has a 'Very HIGH probability of making HIGHER HIGHS" in the next TWO weeks......
WHY???
There IS a new administration taking office following Tuesday....
President-elect Obama has done most of the legwork already..to shock this economy into high GEAR.......
Yesterday ...it was pointed out that Obama plan will create as much as 4.1 million job...which will more than compensate for 2.6 million jobs lost already plus additional 1.5 million new jobs....in next 23 months.....an ACCELERATING job creation commitment!!!!
Obama will DOUBLE alternative energy investment in 3 years....so a 33% KICK START for Solar & other AE......
Obama has understood the challenges of this economy BEFORE taking office and is "READY to CHARGE ahead"
So.....
What will stock market do in reaction to all the Obama plans for the economy......Market will look TOWARDS 200 DMA......which is 1172.09 in S&P 500..which will be a GAIN of further 281.74 or +31.6% for 2009.......Not a bad growth by the time 2009 is over......
NO..it is not an OPTIMISTIC scenario ...BUT a very REALISTIC projection....based on how market RECOVERS when there is serious commitment by President of US......
President Clinton had 7.3% unemployment when he took office...by the time he left it was 4% range..with budget SURPLUS.....
See...miracle CAN happen if US President is serious about Job creation...Clinton was & Obama IS....
I KNOW.....It has been ROUGH for most of US.....
BUT..it is time to LOOK AHEAD ..NOT in REAR VIEW mirror...imho
So .....here is my sector weighting based on Friday's close:
HEU.TO Canadian energy stocks ETF 6.8%
HMU.TO World mining stocks with heavy emphasis in gold ETF 40.7%
TAN Global Solar stocks ETF 16.8%
EGLE Dry bulk shipper stock 23.3%
URE Commercial real estate ETF 12.4%
Plus I am short US$........
Good luck in your OWN comfort level & analysis of current environment...Your OWN due diligence is very important in these tough times.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed above 50 DMA 888.75 on Friday......
Slow stochastic is showing oversold reading....
1172 is the 200 DMA on S&P 500....
Nov 20 we closed @ 752.44.....so on a closing basis ..we are @ 890.35 ..137.91 or 18.32% ABOVE closing LOW.....
Why this stat IS important??
Because...there is "real FEAR" which has set IN...in the mind of MOST people.....about economy,jobs,credit,housing & FUTURE.......
If the above is an accurate indicator.......then pessimism is @ HIGHEST level........which IS just what stock market likes to see......to move UP working towards the end of this misery indicator...
Stock Market has a 'Very HIGH probability of making HIGHER HIGHS" in the next TWO weeks......
WHY???
There IS a new administration taking office following Tuesday....
President-elect Obama has done most of the legwork already..to shock this economy into high GEAR.......
Yesterday ...it was pointed out that Obama plan will create as much as 4.1 million job...which will more than compensate for 2.6 million jobs lost already plus additional 1.5 million new jobs....in next 23 months.....an ACCELERATING job creation commitment!!!!
Obama will DOUBLE alternative energy investment in 3 years....so a 33% KICK START for Solar & other AE......
Obama has understood the challenges of this economy BEFORE taking office and is "READY to CHARGE ahead"
So.....
What will stock market do in reaction to all the Obama plans for the economy......Market will look TOWARDS 200 DMA......which is 1172.09 in S&P 500..which will be a GAIN of further 281.74 or +31.6% for 2009.......Not a bad growth by the time 2009 is over......
NO..it is not an OPTIMISTIC scenario ...BUT a very REALISTIC projection....based on how market RECOVERS when there is serious commitment by President of US......
President Clinton had 7.3% unemployment when he took office...by the time he left it was 4% range..with budget SURPLUS.....
See...miracle CAN happen if US President is serious about Job creation...Clinton was & Obama IS....
I KNOW.....It has been ROUGH for most of US.....
BUT..it is time to LOOK AHEAD ..NOT in REAR VIEW mirror...imho
So .....here is my sector weighting based on Friday's close:
HEU.TO Canadian energy stocks ETF 6.8%
HMU.TO World mining stocks with heavy emphasis in gold ETF 40.7%
TAN Global Solar stocks ETF 16.8%
EGLE Dry bulk shipper stock 23.3%
URE Commercial real estate ETF 12.4%
Plus I am short US$........
Good luck in your OWN comfort level & analysis of current environment...Your OWN due diligence is very important in these tough times.
BLOG does NOT give buy or sell.
Saleem
Saturday, January 10, 2009
BUY rated stocks for Market bounce for 3.5 million job creation!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by analyzing FA/TA/TAPE.
AMLN,BIIB,CECO,COCO,CSIQ,FLML,PAAS,
WINS,YHOO,YRCW,BTU,CX,DSX,LDK,TRA,
AZK.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
AMLN,BIIB,CECO,COCO,CSIQ,FLML,PAAS,
WINS,YHOO,YRCW,BTU,CX,DSX,LDK,TRA,
AZK.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for Market bounce for 3.5 million job creation!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
THQI,CDNS,IDA,SRCL,ALKS,GSK,MON,RACK,
SPAR,HPQ,CPV,SLX,GTLS.
BLOG does NOT give buy or sell.
Saleem
THQI,CDNS,IDA,SRCL,ALKS,GSK,MON,RACK,
SPAR,HPQ,CPV,SLX,GTLS.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for Market bounce for 3.5 million job creation!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
CEO,ACH,PENN,CTCM,HNSN,PTR,MAN,BXP,
TROW,TEX,DVN,STMP,ICGE,CTS,NEU.
BLOG does NOT give buy or sell.
Saleem
CEO,ACH,PENN,CTCM,HNSN,PTR,MAN,BXP,
TROW,TEX,DVN,STMP,ICGE,CTS,NEU.
BLOG does NOT give buy or sell.
Saleem
Friday, January 9, 2009
Negative close.......
Indices were recovering to 50 point loss on Dow ...when Rubin news hit the wire....so it was further selling on a non-event.....Indices lost from 1.64% to 2.81%
NASDAQ was the weakest thanks to comments from John Chambers that he does not see recovery in CSCO until 2010.....
First full week of 2009 was greeted with loss......
Next week SHOULD give us reason for GREEN as Obama 20Th Jan ceremony brings HOPE FOR A CHANGE in market.....Change we all can count on !!!!
Canadian $ recovered to Down 47 tick against US$...giving me less RED in my portfolio....
Surprise of two day's... was my EGLE which again failed to participate in Dry Shippers rally...TWO day laggard...NOT a good thing......
Even TAN was RED when FSLR,LDK were GREEN.....
By 10AM Saturday..I will list technically weak/strong/buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
NASDAQ was the weakest thanks to comments from John Chambers that he does not see recovery in CSCO until 2010.....
First full week of 2009 was greeted with loss......
Next week SHOULD give us reason for GREEN as Obama 20Th Jan ceremony brings HOPE FOR A CHANGE in market.....Change we all can count on !!!!
Canadian $ recovered to Down 47 tick against US$...giving me less RED in my portfolio....
Surprise of two day's... was my EGLE which again failed to participate in Dry Shippers rally...TWO day laggard...NOT a good thing......
Even TAN was RED when FSLR,LDK were GREEN.....
By 10AM Saturday..I will list technically weak/strong/buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
Indices trying to regain footing......
7.2% unemployment rate caused market to react negatively.....
Indices are in support zone...S&P 500 890 area looks like support......
Canadian Job report was slightly worse than expected..which is taking a toll on Canadian $....it is down 77 tick against US$...so far......RED for my portfolio......
In my portfolio:
HEU Down 17 cents
HMU Down 7 cents
TAN down 16 cents
EGLE UP 4 cents...it is lagging since yesterday among Dry bulk shippers...
URE Down 26 cents
@ 12.10 following are green in my watch list:
LDK,STP,SOLF,YGE,SLV,POT,YHOO,
ABX,KGC,GG,FSLR,IBN,RIMM,DUG,GNK,DRYS,DSX.
BLOG does NOT give buy or sell.
Saleem
Indices are in support zone...S&P 500 890 area looks like support......
Canadian Job report was slightly worse than expected..which is taking a toll on Canadian $....it is down 77 tick against US$...so far......RED for my portfolio......
In my portfolio:
HEU Down 17 cents
HMU Down 7 cents
TAN down 16 cents
EGLE UP 4 cents...it is lagging since yesterday among Dry bulk shippers...
URE Down 26 cents
@ 12.10 following are green in my watch list:
LDK,STP,SOLF,YGE,SLV,POT,YHOO,
ABX,KGC,GG,FSLR,IBN,RIMM,DUG,GNK,DRYS,DSX.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 8, 2009
Market looking "way BEYOND" jobs report????
If you can believe today's close...then you should feel pretty good about prospect of market going through many "resistance".....
Sentiment were pretty awful @ Wed close......then WMT hit the "doom & gloom index"...the most revered stock in this meltdown.....Guess what the market does...IGNORES all the NEGATIVITY which is being DRUMMED up by professionals ....who are TOO SCARED with this market......I am sure those scared soul will join US when we are MUCH MUCH HIGHER...
Friday's job report will be a NON-EVENT......
We have a very good chance of closing STRONG.....
Canadian $ closed UP 1.15 cent HIGHER against US$ highest close in a long long time...big smile & $$$ for me
BLOG does NOT give buy or sell.
Saleem
Sentiment were pretty awful @ Wed close......then WMT hit the "doom & gloom index"...the most revered stock in this meltdown.....Guess what the market does...IGNORES all the NEGATIVITY which is being DRUMMED up by professionals ....who are TOO SCARED with this market......I am sure those scared soul will join US when we are MUCH MUCH HIGHER...
Friday's job report will be a NON-EVENT......
We have a very good chance of closing STRONG.....
Canadian $ closed UP 1.15 cent HIGHER against US$ highest close in a long long time...big smile & $$$ for me
BLOG does NOT give buy or sell.
Saleem
Indices testing support.....
Markets are again in the process of testing support...
Indices are still in Higher highs & higher lows mode...which is a good thing.....
WMT news was surprising...thus a negative tone to market....
Solar stocks are moving UP as President-elect Obama again reinforced his focus on Solar in his speech today.....
In my portfolio :
HEU Up 9 cents
HMU Down 4 cents
TAN UP 18 cents
EGLE UP 6 cents
URE Down 17 cents
Canadian $ is strong against US$ today...UP 62 tick...will give me decent GREEN today
@ 12.02 following are green in my watch list :
STP,JASO,SOLF,YGE,KGC,ABX,VLO,
SPWR,FSLR,FWLT,LDK,GNK.
BLOG does NOT give buy or sell.
Saleem
Indices are still in Higher highs & higher lows mode...which is a good thing.....
WMT news was surprising...thus a negative tone to market....
Solar stocks are moving UP as President-elect Obama again reinforced his focus on Solar in his speech today.....
In my portfolio :
HEU Up 9 cents
HMU Down 4 cents
TAN UP 18 cents
EGLE UP 6 cents
URE Down 17 cents
Canadian $ is strong against US$ today...UP 62 tick...will give me decent GREEN today
@ 12.02 following are green in my watch list :
STP,JASO,SOLF,YGE,KGC,ABX,VLO,
SPWR,FSLR,FWLT,LDK,GNK.
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 7, 2009
Barrage of bad news sink indices by 3%....
There were many extremely negative news which hit the market @ open .....Profit warning by INTC,ADP Job data,$1.2 trillion deficit,Oil plunging & overbought conditions all proved too much for market to recover.....so we gave up 3% @ close......
VIX is @ 43.39...so FEAR is NOT rampant AGAIN.....
In my portfolio :
Sold HOU & HQU.....
Bought more HMU.TO..Cost went UP to $19.39...as mining stocks were down substantially....I personally like this sector as all stimulus activity around the world will push this sector HIGHER...
My portfolio is :
HEU,HMU,TAN,EGLE,URE......
We should see a stable close on Thursday as there will be jitter about Friday's Job report..which is already discounted/reacted to with ADP.....
BLOG does NOT give buy or sell.
Saleem
VIX is @ 43.39...so FEAR is NOT rampant AGAIN.....
In my portfolio :
Sold HOU & HQU.....
Bought more HMU.TO..Cost went UP to $19.39...as mining stocks were down substantially....I personally like this sector as all stimulus activity around the world will push this sector HIGHER...
My portfolio is :
HEU,HMU,TAN,EGLE,URE......
We should see a stable close on Thursday as there will be jitter about Friday's Job report..which is already discounted/reacted to with ADP.....
BLOG does NOT give buy or sell.
Saleem
ADP bombshell of 700k job loss rattles market....
ADP job loss came in much worse than expected 700k job loss CAN shake the confidence of traders......
Dow lost almost 200 points near lows so far...but it is coming back to near 150 point loss after Obama cc..where he assured everyone that he understand the magnitude of economic challenges & has plan to create/save 3 million jobs.....
His stimulus plan will not only target jobs but...will have long term benefit like energy efficiency for all federal buildings....a boon to Solar & other energy efficient mechanism......
My portfolio remained unchanged with HEU,HQU,HMU,HOU,TAN,EGLE,URE...they are all red so far.....
My Canadian $ is down 18 tick against US$ so far....which will give me more RED....
Oil is down $3+
Gold is down $18....
@ 11.52 AM following are GREEN in my watch list :
MON (blowout ER & guiding UP),RIMM,POT,IPI,NDN,
DUG,SGP,SNY,ICE,IGT,SNE,VAR,MOS.
BLOG does NOT give buy or sell.
Saleem
Dow lost almost 200 points near lows so far...but it is coming back to near 150 point loss after Obama cc..where he assured everyone that he understand the magnitude of economic challenges & has plan to create/save 3 million jobs.....
His stimulus plan will not only target jobs but...will have long term benefit like energy efficiency for all federal buildings....a boon to Solar & other energy efficient mechanism......
My portfolio remained unchanged with HEU,HQU,HMU,HOU,TAN,EGLE,URE...they are all red so far.....
My Canadian $ is down 18 tick against US$ so far....which will give me more RED....
Oil is down $3+
Gold is down $18....
@ 11.52 AM following are GREEN in my watch list :
MON (blowout ER & guiding UP),RIMM,POT,IPI,NDN,
DUG,SGP,SNY,ICE,IGT,SNE,VAR,MOS.
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 6, 2009
Market Internals way stronger than close !!!!
Market internals were very strong with better than 3 to 1 lead of advancers on NYSE & 2 to 1 on NASDAQ...
Again more new 52 week highs today......
CNBC pundits have stopped shouting "sell,sell,sell" & have quit "bragging about their short position" or PROTECTION talk.....it means ....they have "thrown the towel finally after taking their LUMPS"
Market behaving very stable...despite horrific economic data & beige book from Fed.....
Before open ADP job prediction will come out & it will be BAD.....but market as usual will IGNORE it and move to its own rhythm......
Dow has regained its 9000+ platform nicely!!!!
Dry shippers are on a tear...clear sign that China is coming back & world economy is on the verge of turning UP....this sector & mining stocks are the best play for China turnaround..imho
Solar stocks bravely fought closing red whole day....good sign that Revenue & EPS slide has been discounted...
AA is cutting back staff & production which should help in controlling prices & inventory.....
Canadian $ is moving UP against US$ daily and has crossed resistance...good for my financial health $$$$$
BLOG does NOT give buy or sell.
Saleem
Again more new 52 week highs today......
CNBC pundits have stopped shouting "sell,sell,sell" & have quit "bragging about their short position" or PROTECTION talk.....it means ....they have "thrown the towel finally after taking their LUMPS"
Market behaving very stable...despite horrific economic data & beige book from Fed.....
Before open ADP job prediction will come out & it will be BAD.....but market as usual will IGNORE it and move to its own rhythm......
Dow has regained its 9000+ platform nicely!!!!
Dry shippers are on a tear...clear sign that China is coming back & world economy is on the verge of turning UP....this sector & mining stocks are the best play for China turnaround..imho
Solar stocks bravely fought closing red whole day....good sign that Revenue & EPS slide has been discounted...
AA is cutting back staff & production which should help in controlling prices & inventory.....
Canadian $ is moving UP against US$ daily and has crossed resistance...good for my financial health $$$$$
BLOG does NOT give buy or sell.
Saleem
Terrible economic reports...but markets staying GREEN !!!
Markets got slew of bad economic data which erased all the gains....but indices are showing GREEN after digesting reaction to data.....
Indices wants to go higher as most deeply negative economic data are discounted already...
Shipping stocks are strong again....feel sorry for Macke who is short....
Big techs are strong.....
Solar are selling off based on LDK guidance for 09....
In my portfolio :
Bought TAN ETF of Solar stocks which has FSLR,SPWRA,ENER,STP,LDK,Q-Cel,WFR & others my cost $9.30.....reason for buying that most of the bad news are OUT in this sector with LDK guidance for 2009...
HEU UP 21 cents
HQU Down 2 cents..reflecting strength in Canadian $
HMU UP $1.50
HOU UP 42 cents
EGLE UP 65 cents
URE UP 17 cents
TAN Down 35 cents ..I am down 11 cents
US$ is down against Canadian $ ..CAD UP 56 tick..putting $ in my portfolio....
@ 11.44 AM following are green in my watch list:
AAPL,RIMM,WFR,V,C,IGT,WYNN,MA,WYN,NYX,
VLO,SNE,GS,GOOG,FWLT,IBN,IPI,DIG,SNY,UYM,UYG.
BLOG does NOT give buy or sell.
Saleem
Indices wants to go higher as most deeply negative economic data are discounted already...
Shipping stocks are strong again....feel sorry for Macke who is short....
Big techs are strong.....
Solar are selling off based on LDK guidance for 09....
In my portfolio :
Bought TAN ETF of Solar stocks which has FSLR,SPWRA,ENER,STP,LDK,Q-Cel,WFR & others my cost $9.30.....reason for buying that most of the bad news are OUT in this sector with LDK guidance for 2009...
HEU UP 21 cents
HQU Down 2 cents..reflecting strength in Canadian $
HMU UP $1.50
HOU UP 42 cents
EGLE UP 65 cents
URE UP 17 cents
TAN Down 35 cents ..I am down 11 cents
US$ is down against Canadian $ ..CAD UP 56 tick..putting $ in my portfolio....
@ 11.44 AM following are green in my watch list:
AAPL,RIMM,WFR,V,C,IGT,WYNN,MA,WYN,NYX,
VLO,SNE,GS,GOOG,FWLT,IBN,IPI,DIG,SNY,UYM,UYG.
BLOG does NOT give buy or sell.
Saleem
Monday, January 5, 2009
Market remains technically STRONG @ close !!!!
Minor pullback today on profit taking & horrible Auto data.....
Advancing stocks led declines on both NYSE & NASDAQ by wide margin....
More 52 week highs than new lows....
Indices closed @ improved levels than low of the day......
LDK warned on Q4 & entire 2009 in terms of Sales,EPS & Margin.....stock down AH along with all solar stocks.....
Q1 & Q2 MAY be challenging for all solar as orders are being cancelled or pushed out due to lack of credit....Margins MAY remain under pressure for 1st half of 09.....
Carter Worth Oppenheimer Technician is predicting range bound indices....15% UP & 15% DOWN..does NOT expect S&P 500 to cross 1030......My take is that 1000 area MAY be resistance first time......
US$ was down 1.77 cents against CAD...great for me today $$$$
BLOG does NOT give buy or sell.
Saleem
Advancing stocks led declines on both NYSE & NASDAQ by wide margin....
More 52 week highs than new lows....
Indices closed @ improved levels than low of the day......
LDK warned on Q4 & entire 2009 in terms of Sales,EPS & Margin.....stock down AH along with all solar stocks.....
Q1 & Q2 MAY be challenging for all solar as orders are being cancelled or pushed out due to lack of credit....Margins MAY remain under pressure for 1st half of 09.....
Carter Worth Oppenheimer Technician is predicting range bound indices....15% UP & 15% DOWN..does NOT expect S&P 500 to cross 1030......My take is that 1000 area MAY be resistance first time......
US$ was down 1.77 cents against CAD...great for me today $$$$
BLOG does NOT give buy or sell.
Saleem
Slight pullback after RUNUP.....
Markets are trying to digest gains of last TWO trading session....slight pullback is good for profit taking & stronger close !!!!
Solar stocks are strong....
Dry shippers are strong....
AG is strong.....
US$ strength is taking a toll on GOLD today ...which is down almost $30.....
BUT
MY Canadian $ is UP 1.5 cents against US$...giving me serious dough....
In my portfolio :
Bought EGLE a bulk shipper my cost $7.55....among the few whose EPS is expected to grow YOY next Q.....My first stock purchase of 2009...as I am in 5 ETF
HOU UP 9 cents
HQU UP 3 cent
HMU Down $1.07
HEU UP 40 cents
URE UP 11 cent
EGLE UP 46 cents
@ 12.10 PM foolowing are green in my watch list :
AAPL,RIMM,TAN,STP,JASO,SOLF,V,YGE,POT,C,
CCJ,JRCC,WYNN,NDAQ,MA,BIDU,LVS,VLO,SPWRA,
FSLR,GS,GOOG,FWLT,POT,MON,AGU,IPI,DIG,GNK,
CSIQ,LDK.
BLOG does NOT give buy or sell.
Saleem
Solar stocks are strong....
Dry shippers are strong....
AG is strong.....
US$ strength is taking a toll on GOLD today ...which is down almost $30.....
BUT
MY Canadian $ is UP 1.5 cents against US$...giving me serious dough....
In my portfolio :
Bought EGLE a bulk shipper my cost $7.55....among the few whose EPS is expected to grow YOY next Q.....My first stock purchase of 2009...as I am in 5 ETF
HOU UP 9 cents
HQU UP 3 cent
HMU Down $1.07
HEU UP 40 cents
URE UP 11 cent
EGLE UP 46 cents
@ 12.10 PM foolowing are green in my watch list :
AAPL,RIMM,TAN,STP,JASO,SOLF,V,YGE,POT,C,
CCJ,JRCC,WYNN,NDAQ,MA,BIDU,LVS,VLO,SPWRA,
FSLR,GS,GOOG,FWLT,POT,MON,AGU,IPI,DIG,GNK,
CSIQ,LDK.
BLOG does NOT give buy or sell.
Saleem
Sunday, January 4, 2009
Why Markets have moved ABOVE resistance...to surprise of MANY??
Markets have shown an UNUSUAL strong TAPE going above resistance of 50 DMA DECISIVELY in all indices?
Most participants / PUNDITS have been predicting ANOTHER test of LOWS BEFORE we move UP......
BUT....
Markets are 26 % above lows on Friday's close.......on extremely negative ECONOMIC news all around the world.....???
As they alway's say....PAY ATTENTION TO THE MARKET.....because markets are trying to PREDICT a new trend AGAIN!!!!
Markets are predicting that TAPE of 2009 will be different from tape of 2008 !!!!!
Markets will establish a NEW trading range......
What could be the new trading range.....is UP for serious debate by CNBC PUNDITS.....BUT i suspect those PUNDITS will be WRONG again.....two years in a row???
I am personally of the belief that S&P 500 will see 1100 area easy..which is a gain of 18% from here......It will NOT be a straight line advance BUT majority of this gain will come very quickly then range trading..my guess is range COULD be 1000 to 1100 in S&P 500.....for 2009...for the most part....
Like any other market which IS trying to stabilize & trending UP...it will be PRUDENT to pay attention to sectors...as this market MAY bring new sectors in focus.....
Initially in any strong market...all boats are lifted initially BUT...then new LEADERSHIP emerges and stay strong......while other stocks STAGNATES & FLAT LINE.....
I am of FIRM belief that ETF approach will reward in a safe & predictable manner as you are not @ the mercy of individual stocks or analyst downgrades......
My sector weighting as of Friday's close are as follows :
HOU.TO Crude oil ETF 10.7%
HEU.TO Energy Stocks ETF 9.2%
HMU.TO Mining & Gold stocks ETF 45.2%
HQU.TO Nasdaq 100 Stocks ETF 16.4%
URE Commercial Real Estate ETF 18.5%
Also Short US$.....
I will be adding more ETF on Monday....
I hope that all of you have build some faith in this market going forward...it is never easy to make money...BUT prudent sector focus MAY be the answer to RECOUPING horrendous loss from 2008.
Like anything else in life.....it takes lot of hard work & ever changing approach to selecting areas to trade IN.....
About trading.....it will be PRUDENT to watch for resistance & topping out of this RUNUP...round number like 1000 in S&P 500 MAY be the next resistance...BUT wait for market to give its verdict ....by using stop or selling @ first high volume selling......
Good luck in 2009 $$$$
BLOG does NOT give buy or sell.
Saleem
Most participants / PUNDITS have been predicting ANOTHER test of LOWS BEFORE we move UP......
BUT....
Markets are 26 % above lows on Friday's close.......on extremely negative ECONOMIC news all around the world.....???
As they alway's say....PAY ATTENTION TO THE MARKET.....because markets are trying to PREDICT a new trend AGAIN!!!!
Markets are predicting that TAPE of 2009 will be different from tape of 2008 !!!!!
Markets will establish a NEW trading range......
What could be the new trading range.....is UP for serious debate by CNBC PUNDITS.....BUT i suspect those PUNDITS will be WRONG again.....two years in a row???
I am personally of the belief that S&P 500 will see 1100 area easy..which is a gain of 18% from here......It will NOT be a straight line advance BUT majority of this gain will come very quickly then range trading..my guess is range COULD be 1000 to 1100 in S&P 500.....for 2009...for the most part....
Like any other market which IS trying to stabilize & trending UP...it will be PRUDENT to pay attention to sectors...as this market MAY bring new sectors in focus.....
Initially in any strong market...all boats are lifted initially BUT...then new LEADERSHIP emerges and stay strong......while other stocks STAGNATES & FLAT LINE.....
I am of FIRM belief that ETF approach will reward in a safe & predictable manner as you are not @ the mercy of individual stocks or analyst downgrades......
My sector weighting as of Friday's close are as follows :
HOU.TO Crude oil ETF 10.7%
HEU.TO Energy Stocks ETF 9.2%
HMU.TO Mining & Gold stocks ETF 45.2%
HQU.TO Nasdaq 100 Stocks ETF 16.4%
URE Commercial Real Estate ETF 18.5%
Also Short US$.....
I will be adding more ETF on Monday....
I hope that all of you have build some faith in this market going forward...it is never easy to make money...BUT prudent sector focus MAY be the answer to RECOUPING horrendous loss from 2008.
Like anything else in life.....it takes lot of hard work & ever changing approach to selecting areas to trade IN.....
About trading.....it will be PRUDENT to watch for resistance & topping out of this RUNUP...round number like 1000 in S&P 500 MAY be the next resistance...BUT wait for market to give its verdict ....by using stop or selling @ first high volume selling......
Good luck in 2009 $$$$
BLOG does NOT give buy or sell.
Saleem
Saturday, January 3, 2009
BUY rated stocks for Market bouncing UP for Obama Inaugration!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by anlyzing FA/TA/TAPE.
AAUK,AAXJ,AKAM,ALNY,AMZN,ARAY,BIDU,CREE,
CTCM,DRYS,DXPE,ENER,ERIC,FSLR,FTEK,GRMN,
HLIT,HUGH,JDSU,JNPR,JOSB,JOYG,NCTY,NSANY,
PLXS,PWRD,SWKS,WYNN,ACH,ACI,ARO,AU,BBL,
BBY,BX,BYD,CCJ,CHK,ECA,ELX,FL,IAG,LUV,LVS,
MOS,MOT,NXY,PBW,TRA,TSM,TTM,WIT,YZC.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
AAUK,AAXJ,AKAM,ALNY,AMZN,ARAY,BIDU,CREE,
CTCM,DRYS,DXPE,ENER,ERIC,FSLR,FTEK,GRMN,
HLIT,HUGH,JDSU,JNPR,JOSB,JOYG,NCTY,NSANY,
PLXS,PWRD,SWKS,WYNN,ACH,ACI,ARO,AU,BBL,
BBY,BX,BYD,CCJ,CHK,ECA,ELX,FL,IAG,LUV,LVS,
MOS,MOT,NXY,PBW,TRA,TSM,TTM,WIT,YZC.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for Market bouncing UP for Obama Inaugration!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
LH,USU,STJ,AOB,CHKP,PEP,CPSI,LNY,DBD,SAN,
CRNT,JKHY,ID,SRCL,EME,VISN,PCP,SYMC,IF,
YTEC,BOOM,NICE.
BLOG does NOT give buy or sell.
Saleem
LH,USU,STJ,AOB,CHKP,PEP,CPSI,LNY,DBD,SAN,
CRNT,JKHY,ID,SRCL,EME,VISN,PCP,SYMC,IF,
YTEC,BOOM,NICE.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for Market bouncing UP for Obama Inaugration!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
PSQ,PRGO,RMG,UNFI,RHB,KAMN,SYNT,
FMX,ININ,BWP.
BLOG does NOT give buy or sell.
Saleem
PSQ,PRGO,RMG,UNFI,RHB,KAMN,SYNT,
FMX,ININ,BWP.
BLOG does NOT give buy or sell.
Saleem
Friday, January 2, 2009
Nasdaq & S&P 500 UP 26% from LOW $$$$
Markets have come a long way from the dark day's of Nov 21st.....when we were @ LOWS in decades.....
Since Nov 21st we are UP:
Dow +22.2%
S&P 500 +25.7%
NASDAQ + 26%
BUT.....
If you listen to Macke of Fast Money ..He is still MUMBLING sell sell sell & have only one long position in WMT which he likes to talk about...i am sure he has many other position BUT will NOT mention it for lack of performance..SEE it IS IMAGE on TV which MATTERS....NOT performance...PRETEND you are GOOD and that IS good enough for CNBC audience.
FETAL position or CASH is NOT working for MACKE or its followers for a long time ....This Market was NOT kind to long or SHORT.....ALL ended up being very SHORT in EQUITY......
BUT......
Being LONG since Nov 21st has been very PRODUCTIVE.....My EQUITY has IMPROVED by 70% since my LOW point...still has a LONG way to go before BREAKEVEN......
I finished my capital gain/LOSS worksheet for 2008 Tax return today...ending the year of 2008 @ loss of 64K.....my biggest loss since 1987 when it was 100K......
What killed me the-most was my faith in Solar stocks where I got 90% of my loss...LDK & SOL did me in......
So .....I look forward to 2009 with great OPTIMISM & HOPE for recouping my 2008 loss!!!!
2008 was especially disappointing because I had my best GAIN ever in 2007 +500%......when RIMM worked like a charm alongwith VMW,NVT & my long position in Canadian $....
By 10AM Saturday I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Since Nov 21st we are UP:
Dow +22.2%
S&P 500 +25.7%
NASDAQ + 26%
BUT.....
If you listen to Macke of Fast Money ..He is still MUMBLING sell sell sell & have only one long position in WMT which he likes to talk about...i am sure he has many other position BUT will NOT mention it for lack of performance..SEE it IS IMAGE on TV which MATTERS....NOT performance...PRETEND you are GOOD and that IS good enough for CNBC audience.
FETAL position or CASH is NOT working for MACKE or its followers for a long time ....This Market was NOT kind to long or SHORT.....ALL ended up being very SHORT in EQUITY......
BUT......
Being LONG since Nov 21st has been very PRODUCTIVE.....My EQUITY has IMPROVED by 70% since my LOW point...still has a LONG way to go before BREAKEVEN......
I finished my capital gain/LOSS worksheet for 2008 Tax return today...ending the year of 2008 @ loss of 64K.....my biggest loss since 1987 when it was 100K......
What killed me the-most was my faith in Solar stocks where I got 90% of my loss...LDK & SOL did me in......
So .....I look forward to 2009 with great OPTIMISM & HOPE for recouping my 2008 loss!!!!
2008 was especially disappointing because I had my best GAIN ever in 2007 +500%......when RIMM worked like a charm alongwith VMW,NVT & my long position in Canadian $....
By 10AM Saturday I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Markets celebrating New year of 2009 with GREEN !!!
Markets are celebrating arrival of 2009 with deeper penetration of above 50 DMA on all indices...NICE.....a MAJOR technical BREAKOUT $$$$
In my ETF portfolio:
I bought HEU.TO ETF of major energy stocks like ECA,CNQ,TSM,NXY,SU..my cost $4.67...all these stocks are trading @ multi-year LOWS.....
So My ETF portfolio is HOU,HMU,HQU,HEU & URE.....all 2X ETF on bull side !!!!
HOU UP $1.74
HQU UP 26 cents
HMU UP $1.96
HEU UP 43 cents
URE Down 13 cents
@ 12.08 following are green in my watch list :
AAPL,RIMM,TAN,PKB,CMED,LDK,STP,JASO,SOLF,SOL,
WFR,YGE,V,POT,KGC,ABX,GG,CCJ,JRCC,IGT,WYNN,
MA,BIDU,WYN,LVS,VLO,SPWRA,FSLR,ISRG,IBN,
GOOG,FWLT,EGLE,DSX,GNK,MON,IPI,AGU,DIG.
BLOG does NOT give buy or sell.
Saleem
In my ETF portfolio:
I bought HEU.TO ETF of major energy stocks like ECA,CNQ,TSM,NXY,SU..my cost $4.67...all these stocks are trading @ multi-year LOWS.....
So My ETF portfolio is HOU,HMU,HQU,HEU & URE.....all 2X ETF on bull side !!!!
HOU UP $1.74
HQU UP 26 cents
HMU UP $1.96
HEU UP 43 cents
URE Down 13 cents
@ 12.08 following are green in my watch list :
AAPL,RIMM,TAN,PKB,CMED,LDK,STP,JASO,SOLF,SOL,
WFR,YGE,V,POT,KGC,ABX,GG,CCJ,JRCC,IGT,WYNN,
MA,BIDU,WYN,LVS,VLO,SPWRA,FSLR,ISRG,IBN,
GOOG,FWLT,EGLE,DSX,GNK,MON,IPI,AGU,DIG.
BLOG does NOT give buy or sell.
Saleem
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