Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
VPRT,TLEO,TCLP,SEP,LKQX,DTSI,CVTX,BCSI,
CY,TRA,IOC,CQP.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Saturday, February 28, 2009
Technically STRONG stocks for a very troubled markets!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
NTES,OZRK,IMO,PNK,GVA,VMED,VISN,
TTM,BEBE,BKS,CRM.
BLOG does NOT give buy or sell.
Saleem
NTES,OZRK,IMO,PNK,GVA,VMED,VISN,
TTM,BEBE,BKS,CRM.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for a very troubled markets!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
GMXR,ATMI,FMCN,JAS,NVTL,ADM,SHI,PCP,
CAL,GES,PNRA,SNP.
BLOG does NOT give buy or sell.
Saleem
GMXR,ATMI,FMCN,JAS,NVTL,ADM,SHI,PCP,
CAL,GES,PNRA,SNP.
BLOG does NOT give buy or sell.
Saleem
Friday, February 27, 2009
Only Nasdaq above bear intraday Low......
Dow & S&P500 have slumped to bear lows in front of relentless selling....
Nasdaq is the only index which is above intraday low by 76.94 points @ its low of the day.....
C,GDP & GE news all played into loss of confidence of any meaningful recovery anytime soon.....
Is it as bleak as it can get???
Next week either stock market fight its way above doom & gloom or we go to new lows???
Even in today's slump some green close included:
IAG,IPI,RIMM,AAPL,FSLR,BIDU,GOOG,MA,V,
NDN,LULU,GNK.
By 10 AM Saturday I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Nasdaq is the only index which is above intraday low by 76.94 points @ its low of the day.....
C,GDP & GE news all played into loss of confidence of any meaningful recovery anytime soon.....
Is it as bleak as it can get???
Next week either stock market fight its way above doom & gloom or we go to new lows???
Even in today's slump some green close included:
IAG,IPI,RIMM,AAPL,FSLR,BIDU,GOOG,MA,V,
NDN,LULU,GNK.
By 10 AM Saturday I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Nasdaq GREEN......
Markets are fighting their way back from RED @ open...Nasdaq is the strongest & showing GREEN....
Citi news plunged the market sentiment into sell mode.....but..as we are deeply oversold & have discounted C news already...selling was more of a knee jerk reaction @ open.....
GOLD UP $8...
Oil Down $2.07....
@ 12.13 following are green in my watch list :
IAG,RIMM,NVDA,WFR,V,POT,BRCD,CTRN,
MA,BIDU,FSLR,SNE,GOOG,FWLT,AAPL,MON,
AGU,IPI,GNK.
BLOG does NOT give buy or sell.
Saleem
Citi news plunged the market sentiment into sell mode.....but..as we are deeply oversold & have discounted C news already...selling was more of a knee jerk reaction @ open.....
GOLD UP $8...
Oil Down $2.07....
@ 12.13 following are green in my watch list :
IAG,RIMM,NVDA,WFR,V,POT,BRCD,CTRN,
MA,BIDU,FSLR,SNE,GOOG,FWLT,AAPL,MON,
AGU,IPI,GNK.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 26, 2009
Budget politics/posturing caused selling....
Markets are being bogged down by political grandstanding AGAIN......
Those who messed up this economy for a long time are claiming moral high ground by having an attitude of "JUST SAY NO"....
Markets were expecting a national consensus on dealing with "horrendous economic challenges"..BUT we have a consensus of "0" on the other side.....
Dell ER AH was a beat on EPS but a miss on sales....UP 14 cents AH near 52 wk low.....
SNDA beats on EPS & Sales but UP 39 cents AH.....NTES beat last night did not do anything for stock today....
Expecting markets to close green for Friday...as we are TRYING to build a base ...near lows
VIX @ 44.66....almost flat @ close.....
Only GOLD stocks seems to have buying conviction....
BLOG does NOT give buy or sell.
Saleem
Those who messed up this economy for a long time are claiming moral high ground by having an attitude of "JUST SAY NO"....
Markets were expecting a national consensus on dealing with "horrendous economic challenges"..BUT we have a consensus of "0" on the other side.....
Dell ER AH was a beat on EPS but a miss on sales....UP 14 cents AH near 52 wk low.....
SNDA beats on EPS & Sales but UP 39 cents AH.....NTES beat last night did not do anything for stock today....
Expecting markets to close green for Friday...as we are TRYING to build a base ...near lows
VIX @ 44.66....almost flat @ close.....
Only GOLD stocks seems to have buying conviction....
BLOG does NOT give buy or sell.
Saleem
Markets digesting Obama budget details...
Markets trying to figure out the implications of budget details.....
High income will pay for health care reform.....
Gold Stocks found support after huge runup.....
Oil UP $1.74
@ 12.26 following are green in my watch list:
PMCS,NVDA,NDAQ,NYX,MON,POT,IPI,
GOOG,BIDU,GS,IAG,GG,KGC,GNK,LVS,
XLF,TM,WFR,ICE,YHOO,CCJ,WYNN,
SOHU,FWLT.
BLOG does NOT give buy or sell.
Saleem
High income will pay for health care reform.....
Gold Stocks found support after huge runup.....
Oil UP $1.74
@ 12.26 following are green in my watch list:
PMCS,NVDA,NDAQ,NYX,MON,POT,IPI,
GOOG,BIDU,GS,IAG,GG,KGC,GNK,LVS,
XLF,TM,WFR,ICE,YHOO,CCJ,WYNN,
SOHU,FWLT.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 25, 2009
Down,UP & Down close......
Markets were not sure what to make of many signals coming out of White House....Stress Test for Banks,New securities regulations......
New Lows have improved big time today..better than normal market....internal strength defies closing numbers which was negative in every index.....
So..it is WAIT & SEE attitude by markets for now....until there is CLARITY about many policy pronouncements....
Following were among GREEN close :
PMCS,NVDA,AAPL,RIMM,MRVL,LDK,BIDU,MA,
NCTY,CF.
BLOG does NOT give buy or sell.
Saleem
New Lows have improved big time today..better than normal market....internal strength defies closing numbers which was negative in every index.....
So..it is WAIT & SEE attitude by markets for now....until there is CLARITY about many policy pronouncements....
Following were among GREEN close :
PMCS,NVDA,AAPL,RIMM,MRVL,LDK,BIDU,MA,
NCTY,CF.
BLOG does NOT give buy or sell.
Saleem
Housing weakness pressuring markets...
Markets are under pressure due to ongoing weakness in Housing sector...resale are down to the lowest sales in 12 years.....
President Obama gave an impressive speech to joint session last night.....but he failed to motivate buyers today ..so far.....
Gold UP $4
Oil UP 86 cents
AGU is making an offer to buy CF..provided they give up TRA purchase....huge premium being paid CF UP $8....
FSLR guidance was extremely negative for solar industry Down $26.....
@ 12.02 following are gren in my watch list:
AAPL,RIMM,BIDU,MA,GG,AEM,ABX,SLV,C,
ICE,SOHU,AUY,IAG,VLO,SNE.
BLOG does NOT give buy or sell.
Saleem
President Obama gave an impressive speech to joint session last night.....but he failed to motivate buyers today ..so far.....
Gold UP $4
Oil UP 86 cents
AGU is making an offer to buy CF..provided they give up TRA purchase....huge premium being paid CF UP $8....
FSLR guidance was extremely negative for solar industry Down $26.....
@ 12.02 following are gren in my watch list:
AAPL,RIMM,BIDU,MA,GG,AEM,ABX,SLV,C,
ICE,SOHU,AUY,IAG,VLO,SNE.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 24, 2009
Markets gained 3.32% to 4.01%...Nice !!!!
Markets were deeply oversold...thus a strong finish was a nice change......
S&P 500 & Nasdaq did NOT violate Nov intraday LOWS.....only Dow went lower three days in a row.......
Today advancing stocks led by 5.93 to 1 on NYSE & 2.81 to 1 on Nasdaq...
Still 300 new lows in NYSE & 276 new lows in NASDAQ....
President Obama will be "much more HOPEFUL & REASSURING" in tonight speech @ 9 PM..which will LIFT the spirit & confidence of Consumes & Investors.......which in turn will help market sentiment.
Nice % gain in most sectors except Gold......
VIX @ 45.49 down 13.55%.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Nasdaq did NOT violate Nov intraday LOWS.....only Dow went lower three days in a row.......
Today advancing stocks led by 5.93 to 1 on NYSE & 2.81 to 1 on Nasdaq...
Still 300 new lows in NYSE & 276 new lows in NASDAQ....
President Obama will be "much more HOPEFUL & REASSURING" in tonight speech @ 9 PM..which will LIFT the spirit & confidence of Consumes & Investors.......which in turn will help market sentiment.
Nice % gain in most sectors except Gold......
VIX @ 45.49 down 13.55%.....
BLOG does NOT give buy or sell.
Saleem
Mild technical bounce in markets.....
Markets are showing green ...which is better than red......so far !!!!
Nasdaq is the strongest index with 1% gain.....
Fed chief is also highlighting the need to shore up banks or else no recovery in 2010...BUT if banks are made stable then he is predicting recovery in 2010......
Gold is down sharply ..Down $24
Oil is flat.....
@ 11.53 AM following are green in my watch list :
RIMM,AAPL,AGU,POT,FSLR,GOOG,BIDU,GS,MA,
PHM,MRVL,NVDA,YHOO,JRCC,SOHU,VLO,SPWRA,
SNE.
BLOG does NOT give buy or sell.
Saleem
Nasdaq is the strongest index with 1% gain.....
Fed chief is also highlighting the need to shore up banks or else no recovery in 2010...BUT if banks are made stable then he is predicting recovery in 2010......
Gold is down sharply ..Down $24
Oil is flat.....
@ 11.53 AM following are green in my watch list :
RIMM,AAPL,AGU,POT,FSLR,GOOG,BIDU,GS,MA,
PHM,MRVL,NVDA,YHOO,JRCC,SOHU,VLO,SPWRA,
SNE.
BLOG does NOT give buy or sell.
Saleem
Monday, February 23, 2009
Nasaq only 91.20 points away from intraday bear low...
Markets are in freefall as Dow keeps making new lows......
S&P is fractions away from intraday bear low...
Nasdaq is only 91.20 from intraday bear low....
Headlines are flashing 12 year closing lows in Dow & S&P 500..we have gone as far back as April 1997 closing low.....
Declining stocks were 6.47 to 1 in NYSE & 3.65 to 1 in Nasdaq......
Less than 400 new lows in both NYSE & Nasdaq.....
VIX @ 52.62...
Futures are all Green after factoring fair value.....which IS a hopeful sign for start of the trading day.....
China & Hong Kong were all UP sharply in their Monday's trading.....
We are reaching "extreme oversold condition in markets"......a technical oversold BOUNCE IS overdue.......
BLOG does NOT give buy or sell.
Saleem
S&P is fractions away from intraday bear low...
Nasdaq is only 91.20 from intraday bear low....
Headlines are flashing 12 year closing lows in Dow & S&P 500..we have gone as far back as April 1997 closing low.....
Declining stocks were 6.47 to 1 in NYSE & 3.65 to 1 in Nasdaq......
Less than 400 new lows in both NYSE & Nasdaq.....
VIX @ 52.62...
Futures are all Green after factoring fair value.....which IS a hopeful sign for start of the trading day.....
China & Hong Kong were all UP sharply in their Monday's trading.....
We are reaching "extreme oversold condition in markets"......a technical oversold BOUNCE IS overdue.......
BLOG does NOT give buy or sell.
Saleem
Dow searching for support near lows......
Dow is trying to find support near lows from Friday.....
Nasdaq is weakest of all indices with about 2% loss.....
IF we find traction around these levels..then we have a CHANCE of creating a strong bottom....
GOLD is taking a well deserved rest..Down about $11...
Crude is on either side of unchanged...also trying to find support.....
Financials are still shaky????
@ 11.57 AM ..following are green in my watch list :
TOL,STP,SLV,C,TKC,CTRN,SPWRA,CMED,
IAG,RIMM,SOL,DUG,SNY.
BLOG does NOT give buy or sell.
Saleem
Nasdaq is weakest of all indices with about 2% loss.....
IF we find traction around these levels..then we have a CHANCE of creating a strong bottom....
GOLD is taking a well deserved rest..Down about $11...
Crude is on either side of unchanged...also trying to find support.....
Financials are still shaky????
@ 11.57 AM ..following are green in my watch list :
TOL,STP,SLV,C,TKC,CTRN,SPWRA,CMED,
IAG,RIMM,SOL,DUG,SNY.
BLOG does NOT give buy or sell.
Saleem
Sunday, February 22, 2009
Why new Bear low in Dow????
Dow has been the weakest of all indices????
Why the weakness?
First it is very easy to sink Dow in a hurry ..as it has only 30 stocks..so hedge funds CAN pick 1 or 2 stock based on its weighting formula and start selling.....when Dow goes down program selling takes hold as they are all computer driven.....
Dow is followed by S&P500 which is second weakest index....thanks to computer driven trading of mini S&P which is also very easy to trigger sell program.....
Nasdaq is the only index which is STILL very healthy above 145.75 points from its INTRADAY low back on Nov 20th.....
S&P 500 is 29.03 points ABOVE intraday low back in Nov.....
So...
S&P500 & Nasdaq index is still above their lows..while Dow has taken lows two days in a row....
This non-confirmation by S&P500 & Nasdaq is very healthy & MAY spark a turnaround in Dow also...which will be a big confidence builder for traders & investors......
So what caused all this weakness in markets????
It is Banks Banks & Banks weakness.....which was triggered by Treasury Secretary Geithner's unprepared comments as to HOW he will resolve Bank toxic assets..which has some marketable value.....
Pimco has been buying toxic assets @ prevailing market prices which ranges from 80% to 20% depending on their asset quality......so the rumour that these toxic assets have NO value is NOT true.....
Market will be comforted in a big way...IF Fed & Treasury face the reality of toxic asset & buy it @ market value from all banks and start trading it like any derivative in all exchanges .....Fed CAN give banks HIGHER price than FAIR value but must take preferred status in banks debt...
Hopefully.... all this IS coming in a hurry...or else S&P 500 & Nasdaq will join on the downside.....
While Banks situation is being sorted out meticulously by Geithner as he is NOT going to rush into Paulson approach..say one thing & do another thing......
GOLD is flying off the shelf......
Most Gold stocks are making new highs.....
Even speculative junior mines are coming into play.....
Ag stocks are also perking UP.....
All this is telling me that some commodity is giving us a signal that things are going to IMPROVE for world economy.......
Chinese Shanghai index is going against worldwide trend & is going UP on most days...???
Shanghai composite index hit its LOW on Oct 28th @ 1664.93..it closed Friday @ 2261.48 near its high of the day....So Shanghai is UP 596.55 points or +35.83% in LESS than four months...a major signal to world stock market that Chinese economy is perking along & their stimulus package IS working....
US has to get its act together on banking fiasco..which is the only area left to deal with.....which will start lending activity in a big way......Banks need working ratio to be positive to start lending ...currently with toxic asset they are teetering @ or BELOW book......
So the market is @ the mercy of Geithner & Fed action to resolve Bank toxic asset issues.....
Market is also trying to figure out the DEPTH of this "mother of all recession"once market has a good handle that recovery will start to take shape & TROUGH has arrived...then we will also move UP like Shanghai !!!!
BLOG does NOT give buy or sell.
Saleem
Why the weakness?
First it is very easy to sink Dow in a hurry ..as it has only 30 stocks..so hedge funds CAN pick 1 or 2 stock based on its weighting formula and start selling.....when Dow goes down program selling takes hold as they are all computer driven.....
Dow is followed by S&P500 which is second weakest index....thanks to computer driven trading of mini S&P which is also very easy to trigger sell program.....
Nasdaq is the only index which is STILL very healthy above 145.75 points from its INTRADAY low back on Nov 20th.....
S&P 500 is 29.03 points ABOVE intraday low back in Nov.....
So...
S&P500 & Nasdaq index is still above their lows..while Dow has taken lows two days in a row....
This non-confirmation by S&P500 & Nasdaq is very healthy & MAY spark a turnaround in Dow also...which will be a big confidence builder for traders & investors......
So what caused all this weakness in markets????
It is Banks Banks & Banks weakness.....which was triggered by Treasury Secretary Geithner's unprepared comments as to HOW he will resolve Bank toxic assets..which has some marketable value.....
Pimco has been buying toxic assets @ prevailing market prices which ranges from 80% to 20% depending on their asset quality......so the rumour that these toxic assets have NO value is NOT true.....
Market will be comforted in a big way...IF Fed & Treasury face the reality of toxic asset & buy it @ market value from all banks and start trading it like any derivative in all exchanges .....Fed CAN give banks HIGHER price than FAIR value but must take preferred status in banks debt...
Hopefully.... all this IS coming in a hurry...or else S&P 500 & Nasdaq will join on the downside.....
While Banks situation is being sorted out meticulously by Geithner as he is NOT going to rush into Paulson approach..say one thing & do another thing......
GOLD is flying off the shelf......
Most Gold stocks are making new highs.....
Even speculative junior mines are coming into play.....
Ag stocks are also perking UP.....
All this is telling me that some commodity is giving us a signal that things are going to IMPROVE for world economy.......
Chinese Shanghai index is going against worldwide trend & is going UP on most days...???
Shanghai composite index hit its LOW on Oct 28th @ 1664.93..it closed Friday @ 2261.48 near its high of the day....So Shanghai is UP 596.55 points or +35.83% in LESS than four months...a major signal to world stock market that Chinese economy is perking along & their stimulus package IS working....
US has to get its act together on banking fiasco..which is the only area left to deal with.....which will start lending activity in a big way......Banks need working ratio to be positive to start lending ...currently with toxic asset they are teetering @ or BELOW book......
So the market is @ the mercy of Geithner & Fed action to resolve Bank toxic asset issues.....
Market is also trying to figure out the DEPTH of this "mother of all recession"once market has a good handle that recovery will start to take shape & TROUGH has arrived...then we will also move UP like Shanghai !!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, February 21, 2009
BUY rated stocks for a troubled market!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
DECK,SNDA,TXRH,RRGB,CAB,PHM,AXG,
BMTI,ENOC,PFWD.
Next post by 11 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
DECK,SNDA,TXRH,RRGB,CAB,PHM,AXG,
BMTI,ENOC,PFWD.
Next post by 11 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for a troubled market!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking TA/FA/TAPE.
SOAP,DUG,PCLN,SNWL,TTM,ASMI.
BLOG does NOT give buy or sell.
Saleem
SOAP,DUG,PCLN,SNWL,TTM,ASMI.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for a troubled market!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
DAKT,TITN,IIF,EP,TIE,ATI,GNA,PTR,CLF,FRO.
BLOG does NOT give buy or sell.
Saleem
DAKT,TITN,IIF,EP,TIE,ATI,GNA,PTR,CLF,FRO.
BLOG does NOT give buy or sell.
Saleem
Friday, February 20, 2009
Nasdaq & S&P 500 still above bear lows.....
Dow has been laggard for a while...but Nasdaq followed by S&P 500 refuses to close below bear lows???
Dow for two days went & closed below bear lows back to back.....
BUT
Nasdaq & S&P 500 have NOT done so......& is staying above bear lows...so far...which is a good thing......
New lows have crept up to 540 on NYSE & 417 on Nasdaq.....
Decliners lead 3.06 to 1 on NYSE & 2.5 to 1 on Nasdaq.....
Among green close were :
NDAQ,AAPL,MON,AGU,POT,FSLR,GOOG,BIDU,
MA,DUG,GG,KGC,IAG,URE.
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Dow for two days went & closed below bear lows back to back.....
BUT
Nasdaq & S&P 500 have NOT done so......& is staying above bear lows...so far...which is a good thing......
New lows have crept up to 540 on NYSE & 417 on Nasdaq.....
Decliners lead 3.06 to 1 on NYSE & 2.5 to 1 on Nasdaq.....
Among green close were :
NDAQ,AAPL,MON,AGU,POT,FSLR,GOOG,BIDU,
MA,DUG,GG,KGC,IAG,URE.
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Dow continues its retreat well below LOWS....
Dow has plunged to 7311.67 below intraday 52 week low of 7392.27..currently @ 7342.10..down about 123 points......
Inflation is ticking UP in US......
Crude Down $1.24....again???
Gold is flirting with $1000.....currently UP $20.20 @ $996 area....
Shanghai Index was UP 1.54% last night ..only index which was UP worldwide...sign of better things to come...so goes China so goes the world......
@ 12.35 following are green in my watch list :
KGC,IAG,SLV,CTRN,WYNN,BIDU,ABX,
DUG,GG.
BLOG does NOT give buy or sell.
Saleem
Inflation is ticking UP in US......
Crude Down $1.24....again???
Gold is flirting with $1000.....currently UP $20.20 @ $996 area....
Shanghai Index was UP 1.54% last night ..only index which was UP worldwide...sign of better things to come...so goes China so goes the world......
@ 12.35 following are green in my watch list :
KGC,IAG,SLV,CTRN,WYNN,BIDU,ABX,
DUG,GG.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 19, 2009
6 year low close in Dow....but internals are not extreme???
2 to 1 decline ratios in major indices & less than 300 new lows is NOT indicating extreme weakness as evident when indices are hitting new lows????
This is a very confusing market to say the least.....
Dow is 86.34 points below its Nov 20Th close ???
S&P still 28 points away from low.....
Nasdaq 130 points from low.....
Dow break MAY signal series of new lows.....
It almost feels that their is a buyer strike....instead of selling pressure......
SOMETIMES indices break previous lows to start a turnaround.....BUT their is too much technical damage done to even analyze any STRENGTH/BUYING ......
Few GREEN closing stocks included :
MON,POT,AGU,IPI,FSLR,BIDU,GS,DSX.....
BLOG does NOT give buy or sell.
Saleem
This is a very confusing market to say the least.....
Dow is 86.34 points below its Nov 20Th close ???
S&P still 28 points away from low.....
Nasdaq 130 points from low.....
Dow break MAY signal series of new lows.....
It almost feels that their is a buyer strike....instead of selling pressure......
SOMETIMES indices break previous lows to start a turnaround.....BUT their is too much technical damage done to even analyze any STRENGTH/BUYING ......
Few GREEN closing stocks included :
MON,POT,AGU,IPI,FSLR,BIDU,GS,DSX.....
BLOG does NOT give buy or sell.
Saleem
Markets cannot get traction yet.....
Markets are struggling with negative picture again......
Dow low so far is 7479.73..only 87.46 points from bear low of 7392.27......
Market is not responding to positive news of LEI two months in a row...but looks on negative data about philly regional manufacturing....not a positive sign.....
Gold is UP $1.80
Oil is UP $1.54
@ 12.27 following are green in my watch list :
POT,IPI,CTRN,TKC,JRCC,BIDU,SPWRA,FSLR,
ISRG,GS,FWLT,MON,DSX.
BLOG does NOT give buy or sell.
Saleem
Dow low so far is 7479.73..only 87.46 points from bear low of 7392.27......
Market is not responding to positive news of LEI two months in a row...but looks on negative data about philly regional manufacturing....not a positive sign.....
Gold is UP $1.80
Oil is UP $1.54
@ 12.27 following are green in my watch list :
POT,IPI,CTRN,TKC,JRCC,BIDU,SPWRA,FSLR,
ISRG,GS,FWLT,MON,DSX.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 18, 2009
Markets trying to find footing.....
Most of the indices were flat @ close.......
Gold continued UP to highest close in 7 months......
Strong stocks @ close included :
GG,V,MA,BIDU,GOOG,CMED,FXI,MON,POT,AGU,IPI...
HPQ & BIDU had mixed ER down AH....
Futures are Down AH ... after factoring fair value :
Dow Down 49
S&P 500 Down 6
Nadaq Down 11
BLOG does NOT give buy or sell.
Saleem
Gold continued UP to highest close in 7 months......
Strong stocks @ close included :
GG,V,MA,BIDU,GOOG,CMED,FXI,MON,POT,AGU,IPI...
HPQ & BIDU had mixed ER down AH....
Futures are Down AH ... after factoring fair value :
Dow Down 49
S&P 500 Down 6
Nadaq Down 11
BLOG does NOT give buy or sell.
Saleem
Dow had support @ 7480 area ???
Dow came very close to bear low of 7392.27....BUT @ 7480 selling has stopped this AM.....
IF.... we find support ..it will be good for market psychology......
President Obama has come up with measures which should help market & consumers psychology...@ least everyone will see that measures ARE being put in place to help ailing economy......
Worldwide stimulus from China to US should restart world commerce.....
@ 12.30 following are green in my watch list :
V,POT,CTRN,CCJ,YHOO,NVDA,NDAQ,
MA,BIDU,NYX,SPWRA,CMED,GOOG,
AAPL,MON,AGU,IPI,FXI.
BLOG does NOT give buy or sell.
Saleem
IF.... we find support ..it will be good for market psychology......
President Obama has come up with measures which should help market & consumers psychology...@ least everyone will see that measures ARE being put in place to help ailing economy......
Worldwide stimulus from China to US should restart world commerce.....
@ 12.30 following are green in my watch list :
V,POT,CTRN,CCJ,YHOO,NVDA,NDAQ,
MA,BIDU,NYX,SPWRA,CMED,GOOG,
AAPL,MON,AGU,IPI,FXI.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 17, 2009
Dow closed only 158.74 points from Bear LOW???
Markets are certainly trying to pierce previous bear market low ..which is only 158.74 points away in Dow......
Stimulus bill was signed into law by President Obama...but markets were in their own depression.....closing almost @ lows of the day......
Advance decline ratio were 13.23 to 1 on NYSE & 5.36 to 1 in Nasdaq in favour of Decline...
New 52 wk lows were 221 in NYSE & 196 in Nasdaq... Healthy for a low low close???
There were 2 new 52 wk high in each index.....
Wednesday COULD be a turning point after testing Bear LOWS & finding SUPPORT???
VIX closed @ 48.66.....Fear seems to be contained even @ today's low close ????
Dow RSI @ 34.23....OVERSOLD???Lowest since Oct 27Th 2008???
BLOG does NOT give buy or sell.
Saleem
Stimulus bill was signed into law by President Obama...but markets were in their own depression.....closing almost @ lows of the day......
Advance decline ratio were 13.23 to 1 on NYSE & 5.36 to 1 in Nasdaq in favour of Decline...
New 52 wk lows were 221 in NYSE & 196 in Nasdaq... Healthy for a low low close???
There were 2 new 52 wk high in each index.....
Wednesday COULD be a turning point after testing Bear LOWS & finding SUPPORT???
VIX closed @ 48.66.....Fear seems to be contained even @ today's low close ????
Dow RSI @ 34.23....OVERSOLD???Lowest since Oct 27Th 2008???
BLOG does NOT give buy or sell.
Saleem
Dow came within 168.06 point of Bear market closing LOW???
Deepening recession & Bank weakness taking the markets to near bear market LOWS.....Dow came within 168 points of closing low.....
GOLD is UP $29.50 to seven month HIGH...
OIL Down $2.86......
US$ strong against Canadian $.....
Most sectors are down except Gold stocks which are hitting new HIGHS in some case....
President Obama & its senior staff have been talking down the economy & its recovery potential so confidence in the market will lag until we are deeply oversold..which COULD be the case today...
Only Short ETF is UP.....
BLOG does NT give buy or sell.
Saleem
GOLD is UP $29.50 to seven month HIGH...
OIL Down $2.86......
US$ strong against Canadian $.....
Most sectors are down except Gold stocks which are hitting new HIGHS in some case....
President Obama & its senior staff have been talking down the economy & its recovery potential so confidence in the market will lag until we are deeply oversold..which COULD be the case today...
Only Short ETF is UP.....
BLOG does NT give buy or sell.
Saleem
Sunday, February 15, 2009
Is there any life left in this market.....Yes Yes & Yes ???
Markets have been trending downwards since Oct 2007 when Dow closed @ 14093.08...that was 6243 points ago & in time zone it was 16 months ago......
6243 points drop is a 44.30% slump or 2.77% drop each & every month.....NOT your average bear market......it IS the- worst bear market since the great depression......
So..... if you are feeling depressed.... as your net-worth continues to take a "HUGE tumble"......try to understand WHY.....
Every economist on earth understands & acknowledges that this IS a "mother of all recession worldwide".......& WILL take time to come OUT of this horrendous SLUMP....
So what do I see in terms of my personal analysis.......
While Dow IS near bear market LOWS....most stocks are NOT......"which IS a GOOD thing" technically speaking......
Slow stochastic IS predicting a RALLY NEAR TERM......
New LOW list is contained to a near normal market level for a while.....
We are actually making some 52 wk HIGH list on a daily basis.....
CONFUSED????
I do NOT blame you......
Many stocks are @ new HIGHS on a daily basis...Gold & Education comes to mind immediately...
Many junior SPECULATIVE stocks are moving UP rapidly also ...which IS a telltale of a market getting HEALTHIER by the minute......
BUT......
If you are GLUED to CNBC for answer ..you will find NONE.....most pundits are either TOO SCARED or are TRADING for 50 cents GAIN......and have daily BUY & SELL recommendations for the same stock.....
Most CNBC traders only PRETEND to OWN any stock after it had a fast move UP...I see NO CREDIBILITY in their UTTERANCES....so you will be WISE NOT to tune in......
PS....I have taken CNBC out from my service provider....feel less TENSE & my mind is fresh for my OWN ideas....what a CHANGE !!!!
I will maintain a healthy exposure in this market based on improving technical picture....
Stimulus Package has passed US Senate ..which will give a HUGE BOOST to the markets worldwide..as goes US so goes the WORLD......
I am personally convinced that we ARE looking @ a turnaround in World economy by Q4.....
Markets will LOOK towards Q4 recovery pretty soon...& it will NOT be a 50 cents trading market......it WILL be a SUSTAINED move UP above 200 DMA......
Markets have correctly predicted a SLUMP for last 16 months.......
NOW..Markets AGAIN will ACCURATELY predict an IMPROVING scenario for the next 5 years !!!!!!
Economy is building a new world order where "profit @ all cost is over"
Accounting standards will be tightened to PROTECT small investors.....
CEO LOOTING of corporate money IS OVER.......
Some CEO will end UP in Jail ......
What IS bad for CEO WILL be GOOD for INVESTORS.......
Housing also will show sign of LIFE in Q2.......as SPRING IS IN THE AIR !!!!!
So.....
CHEER UP ...look hopefully towards the FUTURE......
FUTURE is MUCH brighter than what we ARE ready FOR !!!!!!
BLOG does NOT give buy or sell.
Saleem
6243 points drop is a 44.30% slump or 2.77% drop each & every month.....NOT your average bear market......it IS the- worst bear market since the great depression......
So..... if you are feeling depressed.... as your net-worth continues to take a "HUGE tumble"......try to understand WHY.....
Every economist on earth understands & acknowledges that this IS a "mother of all recession worldwide".......& WILL take time to come OUT of this horrendous SLUMP....
So what do I see in terms of my personal analysis.......
While Dow IS near bear market LOWS....most stocks are NOT......"which IS a GOOD thing" technically speaking......
Slow stochastic IS predicting a RALLY NEAR TERM......
New LOW list is contained to a near normal market level for a while.....
We are actually making some 52 wk HIGH list on a daily basis.....
CONFUSED????
I do NOT blame you......
Many stocks are @ new HIGHS on a daily basis...Gold & Education comes to mind immediately...
Many junior SPECULATIVE stocks are moving UP rapidly also ...which IS a telltale of a market getting HEALTHIER by the minute......
BUT......
If you are GLUED to CNBC for answer ..you will find NONE.....most pundits are either TOO SCARED or are TRADING for 50 cents GAIN......and have daily BUY & SELL recommendations for the same stock.....
Most CNBC traders only PRETEND to OWN any stock after it had a fast move UP...I see NO CREDIBILITY in their UTTERANCES....so you will be WISE NOT to tune in......
PS....I have taken CNBC out from my service provider....feel less TENSE & my mind is fresh for my OWN ideas....what a CHANGE !!!!
I will maintain a healthy exposure in this market based on improving technical picture....
Stimulus Package has passed US Senate ..which will give a HUGE BOOST to the markets worldwide..as goes US so goes the WORLD......
I am personally convinced that we ARE looking @ a turnaround in World economy by Q4.....
Markets will LOOK towards Q4 recovery pretty soon...& it will NOT be a 50 cents trading market......it WILL be a SUSTAINED move UP above 200 DMA......
Markets have correctly predicted a SLUMP for last 16 months.......
NOW..Markets AGAIN will ACCURATELY predict an IMPROVING scenario for the next 5 years !!!!!!
Economy is building a new world order where "profit @ all cost is over"
Accounting standards will be tightened to PROTECT small investors.....
CEO LOOTING of corporate money IS OVER.......
Some CEO will end UP in Jail ......
What IS bad for CEO WILL be GOOD for INVESTORS.......
Housing also will show sign of LIFE in Q2.......as SPRING IS IN THE AIR !!!!!
So.....
CHEER UP ...look hopefully towards the FUTURE......
FUTURE is MUCH brighter than what we ARE ready FOR !!!!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, February 14, 2009
BUY rated stocks for Markets putting a solid BOTTOM!!!
Following stocks are flashing a buy signal based on tape.Please do your OWN due diligence by checking FA/TA/TAPE.
BJRI,CREE,ERIC,FTEK,JRCC,NTAP,PEET,
SNWL,VCLK,XLNX,AMD,IPI,MFE,PBY,NSM,
WFR,UXG.
Next post by 10AM Sunday.
Happy Valentines Day !!!!!
BLOG does NOT give buy or sell.
Saleem
BJRI,CREE,ERIC,FTEK,JRCC,NTAP,PEET,
SNWL,VCLK,XLNX,AMD,IPI,MFE,PBY,NSM,
WFR,UXG.
Next post by 10AM Sunday.
Happy Valentines Day !!!!!
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for Markets putting a solid BOTTOM!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
EMS,PEI,VIA,SA,BCE,BX,FCX,RACK,BBY,PALM.
BLOG does NOT give buy or sell.
Saleem
EMS,PEI,VIA,SA,BCE,BX,FCX,RACK,BBY,PALM.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for Markets putting a solid BOTTOM!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
FRO,ELN,CAKE,TIF,HLF,SLF,TK,RL,SNE.
BLOG does NOT give buy or sell.
Saleem
FRO,ELN,CAKE,TIF,HLF,SLF,TK,RL,SNE.
BLOG does NOT give buy or sell.
Saleem
Friday, February 13, 2009
Markets ended negative ahead of long weekend...
Markets needed to rest up along with traders & investors.....as everyone is tired of all the economic woes ....
Stimulus package needs to be passed by Senate.....House had NO Republican vote in passage...pretty sad day for "politics FIRST & country LAST"
G-7 meeting over the weekend also was a reason to do nothing in the markets.....
Dow is sitting @ 7850......pretty close to bear market LOWS.....
By 10 AM on Saturday ...I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Stimulus package needs to be passed by Senate.....House had NO Republican vote in passage...pretty sad day for "politics FIRST & country LAST"
G-7 meeting over the weekend also was a reason to do nothing in the markets.....
Dow is sitting @ 7850......pretty close to bear market LOWS.....
By 10 AM on Saturday ...I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Markets are negative & waiting for ???
Markets are negative and waiting for more steps & co-operation from G-7 meeting......
Economy will need worldwide agreement & co-operation to get us out of this slump.....
G-7 needs to get a uniform focus & agenda going forward.....
Gold is Down $11....
Oil UP $1.70....
In my portfolio :
Sold GERN.....
Bought NDN my cost $7.80
My portfolio is RIMM,IPI,XLF,NDN,TOL.....
RIMM Down $2.41 on CS downgrade & target cut..while BMO increased the target...
IPI UP 62 cents
TOL Down 18 cents
XLF down 31 cents
NDN UP 1 cent
@ 12.02 following are green in my watch list :
PMCS,IAG,MRVL,WFR,V,MA,CTRN,ICE,
JRCC,SOHU,VLO,SPWRA,CMED,AGU.
BLOG does NOT give buy or sell.
Saleem
Economy will need worldwide agreement & co-operation to get us out of this slump.....
G-7 needs to get a uniform focus & agenda going forward.....
Gold is Down $11....
Oil UP $1.70....
In my portfolio :
Sold GERN.....
Bought NDN my cost $7.80
My portfolio is RIMM,IPI,XLF,NDN,TOL.....
RIMM Down $2.41 on CS downgrade & target cut..while BMO increased the target...
IPI UP 62 cents
TOL Down 18 cents
XLF down 31 cents
NDN UP 1 cent
@ 12.02 following are green in my watch list :
PMCS,IAG,MRVL,WFR,V,MA,CTRN,ICE,
JRCC,SOHU,VLO,SPWRA,CMED,AGU.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 12, 2009
Dow recovers from near 300 points from BEAR LOW.....
Dow kept going down to near 300 points from Bear market LOW & then RECOVERS......
Recovery from 246 points drop was fast & furious & barely closed with a loss of 6.77....
Nasdaq & S&P500 were GREEN......
Main reason for recovery was attributed to helping with mortgages by Obama administration..first there is a $8000 tax credit being given to first time home buyers & help is given to homeowners who are having difficulty with their mortgage payment......
AH rumour that 7 million share secondary is being offered by GERN with 10% to 15% discount from today's closing price......GERN trading Down 77 cents or about 10%.....
VIX closed @ 41.25.....below 40 would be better......High today was 48.63......
BLOG does NOT give buy or sell.
Saleem
Recovery from 246 points drop was fast & furious & barely closed with a loss of 6.77....
Nasdaq & S&P500 were GREEN......
Main reason for recovery was attributed to helping with mortgages by Obama administration..first there is a $8000 tax credit being given to first time home buyers & help is given to homeowners who are having difficulty with their mortgage payment......
AH rumour that 7 million share secondary is being offered by GERN with 10% to 15% discount from today's closing price......GERN trading Down 77 cents or about 10%.....
VIX closed @ 41.25.....below 40 would be better......High today was 48.63......
BLOG does NOT give buy or sell.
Saleem
No faith in stimulus impact sinks the markets to recent trading LOWS ???
Dow came awfully close to 52 week low today @ 7723.61 low point so far.....previous closing low of Nov 20th is 7392.27...mere 331.34 points away......it IS quite possible that we could go BELOW previous LOWS as sentiment is decidedly weak based on the TAPE......
Gold is UP another $4.70 to $948.50 another 7 months HIGH......Gold stocks are down with the market & also they need a rest......
Oil is down another $1++ ready to challenge previous LOWS.....
In my portfolio :
Bought IPI cost $21.75
Bought RIMM cost $48.50
Portfolio is TOL,GERN,XLF,IPI,RIMM.....
TOL Down 57 cents
GERN UP 40 cents
XLF Down 43 cents
IPI UP $1.31..I am UP $1.56
RIMM UP $1.19..I am UP $1.45
@ 12.05 following are green in my watch list :
VLO,ABX,NVDA,PMCS,ISRG,CMED,GOOG,
NDN,AAPL,AGU,DUG....
BLOG does NOT give buy or sell.
Saleem
Gold is UP another $4.70 to $948.50 another 7 months HIGH......Gold stocks are down with the market & also they need a rest......
Oil is down another $1++ ready to challenge previous LOWS.....
In my portfolio :
Bought IPI cost $21.75
Bought RIMM cost $48.50
Portfolio is TOL,GERN,XLF,IPI,RIMM.....
TOL Down 57 cents
GERN UP 40 cents
XLF Down 43 cents
IPI UP $1.31..I am UP $1.56
RIMM UP $1.19..I am UP $1.45
@ 12.05 following are green in my watch list :
VLO,ABX,NVDA,PMCS,ISRG,CMED,GOOG,
NDN,AAPL,AGU,DUG....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 11, 2009
All Indices closed Green.....NICE !!!
Market gave a sigh of relief after an agreement was reached on Stimulus package of $790 Billion..Now they are working on legal language of the bill before President Obama can sign this Package into Law....
Many stocks were strong today including IBN,AGU,FSLR,CMED,
BIDU,GS,MA,V,PHM,SNY,GG,KGC,XLF.....
Credit is easing......
Stimulus is agreed....
Bad Bank plan coming soon....
Things are falling in place !!!!!
BLOG does NOT give buy or sell.
Saleem
Many stocks were strong today including IBN,AGU,FSLR,CMED,
BIDU,GS,MA,V,PHM,SNY,GG,KGC,XLF.....
Credit is easing......
Stimulus is agreed....
Bad Bank plan coming soon....
Things are falling in place !!!!!
BLOG does NOT give buy or sell.
Saleem
Small green in all indices !!!!
Nice to see a small rebound in all indices.....
Nasdaq green is especially significant as RIMM & NVDA both had negative ER.....
Gold is UP $30+++
Oil UP 58 cents...as inventory report was mixed.....
Geithner presentation was given A for ideas & F for presentation by many analyst.....
In my portfolio :
XLF UP 36 cents
GERN UP 7 cents
TOL UP 5 cents.....TOL cancellation rate is significantly down Q/Q & Y/Y..a sure sign of housing market showing some basing/improving trend.....Cash on hand very healthy in billions..
@ 11.58AM following stocks are green in my watch list :
GG,ABX,KGC,AEM,V,SLV,JRCC,MA,BIDU,SOHU,
FSLR,ISRG,GS,IBN,GOOG,FWLT,AGU,PHM,SNY.
BLOG does NOT give buy or sell.
Saleem
Nasdaq green is especially significant as RIMM & NVDA both had negative ER.....
Gold is UP $30+++
Oil UP 58 cents...as inventory report was mixed.....
Geithner presentation was given A for ideas & F for presentation by many analyst.....
In my portfolio :
XLF UP 36 cents
GERN UP 7 cents
TOL UP 5 cents.....TOL cancellation rate is significantly down Q/Q & Y/Y..a sure sign of housing market showing some basing/improving trend.....Cash on hand very healthy in billions..
@ 11.58AM following stocks are green in my watch list :
GG,ABX,KGC,AEM,V,SLV,JRCC,MA,BIDU,SOHU,
FSLR,ISRG,GS,IBN,GOOG,FWLT,AGU,PHM,SNY.
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 10, 2009
Dow lowest close since Nov 20th Bear Market LOW.....
Markets were sharply LOWER on Geithner VAGUE 2nd TARP relief.....
Last thing that this market needed was a "concept only".....
It IS a "detailed plan" which market has been WAITING for????
DOW being the weakest index promptly went to the LOWEST close since that famous 52 week LOW of 7552.29 on Nov 20th...which is also this bear market LOW.....
Where do we go from here.....will be decided by the end of this week Friday ...as we go into another long weekend....Presidents day holiday on Monday......
I cannot blame technicians or traders who benefited from short position today..thanks to Treasury Secretary "verbage"......
Even Gold stocks gave UP all their GAINS while Gold closed UP @ $913.70...
Canadian $ got a Royal beating and was Down 1.74 cent.....a major downleg.....not happy about this...
TOL reports some preliminary data before open.....see what they say about the state of housing trend.....
BLOG does NOT give buy or sell.
Saleem
Last thing that this market needed was a "concept only".....
It IS a "detailed plan" which market has been WAITING for????
DOW being the weakest index promptly went to the LOWEST close since that famous 52 week LOW of 7552.29 on Nov 20th...which is also this bear market LOW.....
Where do we go from here.....will be decided by the end of this week Friday ...as we go into another long weekend....Presidents day holiday on Monday......
I cannot blame technicians or traders who benefited from short position today..thanks to Treasury Secretary "verbage"......
Even Gold stocks gave UP all their GAINS while Gold closed UP @ $913.70...
Canadian $ got a Royal beating and was Down 1.74 cent.....a major downleg.....not happy about this...
TOL reports some preliminary data before open.....see what they say about the state of housing trend.....
BLOG does NOT give buy or sell.
Saleem
No details by treasury..sinks markets......
Treasury Secretary talks but has NO details as to HOW....so markets go below 8,000 in Dow...
Technicians were READY to SELL near 50 DMA in S&P 500 & they used lack of details as the excuse to lock-in new profit.....Retail always follow the "panic selling mode"......
Markets will TRY to fight this selling as Senate vote WILL be a big help to the economy.....
Most sectors are Down except Gold stocks are UP 4%+++ on fear factor.....
Gold UP $22...
Oil Down 22 cents...
Canadian $ is Down 1.02 cents....negative $ for me....
In my portfolio :
GERN Down 43 cents
TOL Down 81 cents
XLF Down 68 cents
@ 12.12 following are green in my watch list :
GG,DUG,FSLR,NYX,JASO,YGE,SLV,KGC,
ICE,AUY,ABX,AEM,SPWRA.
BLOG does NOT give buy or sell.
Saleem
Technicians were READY to SELL near 50 DMA in S&P 500 & they used lack of details as the excuse to lock-in new profit.....Retail always follow the "panic selling mode"......
Markets will TRY to fight this selling as Senate vote WILL be a big help to the economy.....
Most sectors are Down except Gold stocks are UP 4%+++ on fear factor.....
Gold UP $22...
Oil Down 22 cents...
Canadian $ is Down 1.02 cents....negative $ for me....
In my portfolio :
GERN Down 43 cents
TOL Down 81 cents
XLF Down 68 cents
@ 12.12 following are green in my watch list :
GG,DUG,FSLR,NYX,JASO,YGE,SLV,KGC,
ICE,AUY,ABX,AEM,SPWRA.
BLOG does NOT give buy or sell.
Saleem
Monday, February 9, 2009
Indices held up well before decisions !!!!
Markets were in a flattish mode overall with S&P 500 inching towards 50DMA..missed it by a hair....
SOHU & ENER ER was greeted with great enthusiasm ......
Strong stocks today were AAPL,IPI,FSLR,CMED,
GOOG,SOHU,BIDU,GS,EGLE,GNK,ENER.....
Senate vote is all set to pass on Tuesday.....which will be a big relief to the market....too much TV time is given for politicking instead of doing the job.....
BLOG does NOT give buy or sell.
Saleem
SOHU & ENER ER was greeted with great enthusiasm ......
Strong stocks today were AAPL,IPI,FSLR,CMED,
GOOG,SOHU,BIDU,GS,EGLE,GNK,ENER.....
Senate vote is all set to pass on Tuesday.....which will be a big relief to the market....too much TV time is given for politicking instead of doing the job.....
BLOG does NOT give buy or sell.
Saleem
Market WAITING for stimulus & Bad Bank relief !!!!
Market are in a holding pattern waiting for big time decision about passage of stimulus package & DETAILS about bad bank relief.....
GOLD Down $15
Oil UP $1.75
Dennis Gartman in his newsletter today is predicting Canadian $ to move sharply UP to equal US$ by summer.....If this happens...I will be a very happy investor in CAD.....
In my portfolio:
Added more TOL today.....it reports on wed....my cost went UP to $19.13....there IS $15,000 credit for all home buyers in stimulus package...will give a kick start to home builders..TOL is the best in that sector...best balance sheet in that industry !!!!
GERN UP 7 Cents
TOL Down 4 cents
XLF UP 13 cents
Canadian $ UP 44 tick against US$......
@ 11.55 AM following are green in my watch list :
CMED,GNK,V,YGE,POT,CCJ,JRCC,WYNN,
BIDU,SOHU,VLO,FSLR,IBN,GOOG,FWLT,
AAPL,AGU,IPI.
BLOG does NOT give buy or sell.
Saleem
GOLD Down $15
Oil UP $1.75
Dennis Gartman in his newsletter today is predicting Canadian $ to move sharply UP to equal US$ by summer.....If this happens...I will be a very happy investor in CAD.....
In my portfolio:
Added more TOL today.....it reports on wed....my cost went UP to $19.13....there IS $15,000 credit for all home buyers in stimulus package...will give a kick start to home builders..TOL is the best in that sector...best balance sheet in that industry !!!!
GERN UP 7 Cents
TOL Down 4 cents
XLF UP 13 cents
Canadian $ UP 44 tick against US$......
@ 11.55 AM following are green in my watch list :
CMED,GNK,V,YGE,POT,CCJ,JRCC,WYNN,
BIDU,SOHU,VLO,FSLR,IBN,GOOG,FWLT,
AAPL,AGU,IPI.
BLOG does NOT give buy or sell.
Saleem
Sunday, February 8, 2009
With upcoming Stimulus Passage...Are we into better trading environment ???
Stimulus package is all set to pass in Senate.....on Tuesday !!!
$827 Billion new watered down amount is still HUGE......
Plus ..we still have several hundred Billions from TARP to assist Banks with Toxic assets & Mortgage default.....
All in all almost TRILLION ready to hit all of a sudden......
Trillion will JOLT the economy out of its tailspin in a hurry....
Jobs will be created instantly.....over 3 million NEW jobs are targeted..which should put a HUGE dent into 3.5 million jobs which is gone......
We are on track for a huge improvement by Q4......just in time for a better Christmas sales & OPTIMISM.....
I personally believe that stimulus & balance of TARP will impact in a big way...because we have almost hit the LOWEST point in this slump.....so the impact of Trillion will be HUGE & everyone will SEE the change in economic picture......
Every corporation has already REACTED to slumping sales & current lack of orders.....
Financials,Home builders will be HUGE beneficiary of this massive package....
Construction related will be the other beneficiary......
China is ready to announce another stimulus package to kick start their economy which will be a huge benefit to mines,shipping,iron ore.......
When jobs are created consumer spending also increases..so retail will be a late cycle recovery along with energy......
Broadband push has been deleted from stimulus package which will have a negative effect on broadband related & service providers .....
Technically speaking Nasdaq is the strongest & is ready to challenge its resistance area & MAY succeed.....
I expect investors/traders psychology to CHANGE for the better going forward......
All in all ...we are looking @ TROUGH & improving trend for economy..which should produce better returns in stock market......
Good luck in your OWN due diligence.....
Diversified in strong sectors is the way to go....
BLOG does NOT give buy or sell.
Saleem
$827 Billion new watered down amount is still HUGE......
Plus ..we still have several hundred Billions from TARP to assist Banks with Toxic assets & Mortgage default.....
All in all almost TRILLION ready to hit all of a sudden......
Trillion will JOLT the economy out of its tailspin in a hurry....
Jobs will be created instantly.....over 3 million NEW jobs are targeted..which should put a HUGE dent into 3.5 million jobs which is gone......
We are on track for a huge improvement by Q4......just in time for a better Christmas sales & OPTIMISM.....
I personally believe that stimulus & balance of TARP will impact in a big way...because we have almost hit the LOWEST point in this slump.....so the impact of Trillion will be HUGE & everyone will SEE the change in economic picture......
Every corporation has already REACTED to slumping sales & current lack of orders.....
Financials,Home builders will be HUGE beneficiary of this massive package....
Construction related will be the other beneficiary......
China is ready to announce another stimulus package to kick start their economy which will be a huge benefit to mines,shipping,iron ore.......
When jobs are created consumer spending also increases..so retail will be a late cycle recovery along with energy......
Broadband push has been deleted from stimulus package which will have a negative effect on broadband related & service providers .....
Technically speaking Nasdaq is the strongest & is ready to challenge its resistance area & MAY succeed.....
I expect investors/traders psychology to CHANGE for the better going forward......
All in all ...we are looking @ TROUGH & improving trend for economy..which should produce better returns in stock market......
Good luck in your OWN due diligence.....
Diversified in strong sectors is the way to go....
BLOG does NOT give buy or sell.
Saleem
Saturday, February 7, 2009
BUY rated stocks for Market Rally for stimulus passage!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by analyzing FA/TA/TAPE.
AAUK,ADSK,ALTR,AMAT,ASML,ATHR,ATLS,
BRCM,CAKE,CLNE,CME,CTRN,CTXS,DRIV,EGLE,
ERIC,FTEK,HMIN,HOGS,HOTT,INTU,LULU,ORCL,
PALM,PCLN,PEET,SNCR,SOHU,SPWRA,ACH,ANN,
CY,CVS,KGC,TIE,TKC,TLM,V,VMW,WFR.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
AAUK,ADSK,ALTR,AMAT,ASML,ATHR,ATLS,
BRCM,CAKE,CLNE,CME,CTRN,CTXS,DRIV,EGLE,
ERIC,FTEK,HMIN,HOGS,HOTT,INTU,LULU,ORCL,
PALM,PCLN,PEET,SNCR,SOHU,SPWRA,ACH,ANN,
CY,CVS,KGC,TIE,TKC,TLM,V,VMW,WFR.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for Market Rally for stimulus passage!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by analyzing FA/TA/TAPE.
SMSI,ASIA,USU,FTO,IBM,NGS,LEN.B,
CEL,SHOR,AGU,GG.
BLOG does NOT give buy or sell.
Saleem
SMSI,ASIA,USU,FTO,IBM,NGS,LEN.B,
CEL,SHOR,AGU,GG.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for Market Rally for stimulus passage!!!
Following stocks are showing technical weakness based on various formations.Please do you OWN due diligence by analyzing FA/TA/TAPE.
MORN,KNOT,BKC,VARI,BBND,GAP,ARE,
BTM,LCC.
BLOG does NOT give buy or sell.
Saleem
MORN,KNOT,BKC,VARI,BBND,GAP,ARE,
BTM,LCC.
BLOG does NOT give buy or sell.
Saleem
Friday, February 6, 2009
Close to 3% move UP in all indices !!!!
Technically all indices are trending UP.....
Nasdaq ABOVE 50 DMA....
S&P 500 kissing 50 DMA...
Dow ready to join the 50 DMA party on Monday !!!!!
Advancing stocks were leading by anywhere from 3 to 1 to almost 5 to 1....
New 52 wk lows SHRANK to lowest level in a long time......
It IS all happening because of faith in passage of stimulus package....which will be a turning point in investors/traders psychology !!!!!
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Nasdaq ABOVE 50 DMA....
S&P 500 kissing 50 DMA...
Dow ready to join the 50 DMA party on Monday !!!!!
Advancing stocks were leading by anywhere from 3 to 1 to almost 5 to 1....
New 52 wk lows SHRANK to lowest level in a long time......
It IS all happening because of faith in passage of stimulus package....which will be a turning point in investors/traders psychology !!!!!
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Economy slumping ....but Market is UP !!!!!
Job picture is getting from bad to worse.....lost 598,000 jobs & unemployment is @ 7.6%.In Canada job loss today was 129,000 vs expected loss of 40,000 more than 3 times worse than expected...In Canada unemployment jumped to 7.2%.....so ...the entire North American economy is taking it on the chin....
But Market is UP.....
WHY.....
Because IMHO we are CLOSE to the bottom of this downward economic TSUNAMI.....so Market WANTS to look AHEAD to better NEWS in FUTURE......
In my portfolio :
GERN UP 24 cents
TOL UP $1.82
XLF UP 47 cents
Most stocks & sectors are UP today.....
GOLD Unchanged....
Oil Down $1.70.....
Nasdaq is well ABOVE 50 DMA...& higher than recent HIGH...a very STRONG technical picture !!!
Dow is lagging technically but S&P is almost READY to go ABOVE 50 DMA.......
BLOG does NOT give buy or sell.
Saleem
But Market is UP.....
WHY.....
Because IMHO we are CLOSE to the bottom of this downward economic TSUNAMI.....so Market WANTS to look AHEAD to better NEWS in FUTURE......
In my portfolio :
GERN UP 24 cents
TOL UP $1.82
XLF UP 47 cents
Most stocks & sectors are UP today.....
GOLD Unchanged....
Oil Down $1.70.....
Nasdaq is well ABOVE 50 DMA...& higher than recent HIGH...a very STRONG technical picture !!!
Dow is lagging technically but S&P is almost READY to go ABOVE 50 DMA.......
BLOG does NOT give buy or sell.
Saleem
Thursday, February 5, 2009
Dow back above 8,000..closing @ 8,063.07 !!!!
7845.31 was the low on Dow...awfully close to 52 week low of 7392.27.....but Dow managed to close UP & ABOVE 8000 @ 8063.07......
White House is looking @ bad bank idea again.....which lifted financials from LOWS....
Stimulus package will be revealed on Monday by Secty of Treasury...which should keep the momentum in the market......
In my portfolio :
Sold IMG.TO...
Bought more XLF..cost is $9.95
Bought TOL cost $18.17...there is $15,000 incentive to buy any type of house in stimulus package....which should help builders like TOL to come out of slump.....
Portfolio is GERN,TOL,XLF......
AH ER are negative again ESLR & JDSU to name a few......
BLOG does NOT give buy or sell.
Saleem
White House is looking @ bad bank idea again.....which lifted financials from LOWS....
Stimulus package will be revealed on Monday by Secty of Treasury...which should keep the momentum in the market......
In my portfolio :
Sold IMG.TO...
Bought more XLF..cost is $9.95
Bought TOL cost $18.17...there is $15,000 incentive to buy any type of house in stimulus package....which should help builders like TOL to come out of slump.....
Portfolio is GERN,TOL,XLF......
AH ER are negative again ESLR & JDSU to name a few......
BLOG does NOT give buy or sell.
Saleem
Markets ignoring record jobless claim data....
Markets are trying to deal with the obvious bad news about economy...sky high jobless claim...
After dipping in red...markets found enough courage to look beyond the obvious & started buying NEAR LOWS......I say that was a smart strategy$$$$$
Gold is UP $15
Oil is Down slightly
MA & V better than expected ER giving a huge lift to their share price......
CSCO downward guidance being digested nicely by other tech stocks....
In my portfolio:
IMG UP 14 cents...after hitting 52 wk high of $9 in Toronto....
GERN UP 39 cents....
XLF UP 27 cents....
@ 12.00 following are strong in my watch list :
AAPL,POT,AGU,MON,NDAQ,RIMM,FSLR,
FXI,ISRG,GOOG,GS,MA,V,IPI,ABX,KGC,AEM,
CTRN,ICE,YHOO,SOHU,NYX,SNE.
BLOG does NOT give buy or sell.
Saleem
After dipping in red...markets found enough courage to look beyond the obvious & started buying NEAR LOWS......I say that was a smart strategy$$$$$
Gold is UP $15
Oil is Down slightly
MA & V better than expected ER giving a huge lift to their share price......
CSCO downward guidance being digested nicely by other tech stocks....
In my portfolio:
IMG UP 14 cents...after hitting 52 wk high of $9 in Toronto....
GERN UP 39 cents....
XLF UP 27 cents....
@ 12.00 following are strong in my watch list :
AAPL,POT,AGU,MON,NDAQ,RIMM,FSLR,
FXI,ISRG,GOOG,GS,MA,V,IPI,ABX,KGC,AEM,
CTRN,ICE,YHOO,SOHU,NYX,SNE.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 4, 2009
Another negative close in wall street......
Indices could not hold its gain and ended red.....
Despite better ER from many companies.....buyers are still on the sidelines.....while traders book any gain when it is there......
Until we see passage of stimulus bill..we are stuck @ these level....
Today following stocks were among green @ close :
GNK,DSX,EGLE,MON,IPI,POT,AGU,GG,GS,BIDU,
GOOG,FSLR.....
AH CSCO guiding lower..down AH...
AH V great ER & maintaining EPS guidance for 09...UP almost $4....
Interpretation of economic data will rule next two days.
BLOG does NOT give buy or sell.
Saleem
Despite better ER from many companies.....buyers are still on the sidelines.....while traders book any gain when it is there......
Until we see passage of stimulus bill..we are stuck @ these level....
Today following stocks were among green @ close :
GNK,DSX,EGLE,MON,IPI,POT,AGU,GG,GS,BIDU,
GOOG,FSLR.....
AH CSCO guiding lower..down AH...
AH V great ER & maintaining EPS guidance for 09...UP almost $4....
Interpretation of economic data will rule next two days.
BLOG does NOT give buy or sell.
Saleem
ISM data giving hope for economic revival !!!!
ISM data is giving hope for economic revival....
ADP data also was NOT as bad as feared.....
Market is finding some traction with Dow lagging Nasdaq....
Bulk Dry shipping stocks are on a tear with HUGE % gain as high as 28%.....
Most sectors are higher.....
Gold is UP $15
Crude UP 49 cents
In my portfolio :
IMG UP 26 cents
GERN Down 6 cents...consolidation/base building going on....
XLF UP 20 cents
Canadian $ is higher against US$...GREEN for me...
BLOG does NOT give buy or sell.
Saleem
ADP data also was NOT as bad as feared.....
Market is finding some traction with Dow lagging Nasdaq....
Bulk Dry shipping stocks are on a tear with HUGE % gain as high as 28%.....
Most sectors are higher.....
Gold is UP $15
Crude UP 49 cents
In my portfolio :
IMG UP 26 cents
GERN Down 6 cents...consolidation/base building going on....
XLF UP 20 cents
Canadian $ is higher against US$...GREEN for me...
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 3, 2009
Dow back above 8,000..closing @ 8,078.36 !!!!
All stock indices staged an oversold bounce by closing in GREEN.....
DIS AH reported a weak ER ....Down 7% AH
US administration took out a clause of "buy American" from Stimulus package after a storm of protest from allies from Europe & Canada which was threatening a trade war......
Housing data gave a boost to market sentiment as housing recovery is critical to economy turning around....home builders were strong including TOL,PHM,DHI,CTX....
Canadian $ staged a rebound against US$ which weakened today.....
BLOG does NOT give buy or sell.
Saleem
DIS AH reported a weak ER ....Down 7% AH
US administration took out a clause of "buy American" from Stimulus package after a storm of protest from allies from Europe & Canada which was threatening a trade war......
Housing data gave a boost to market sentiment as housing recovery is critical to economy turning around....home builders were strong including TOL,PHM,DHI,CTX....
Canadian $ staged a rebound against US$ which weakened today.....
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 barely green..Nasdaq Red.....
Market TRYING positive mode after foreclosed sales showed uptick.....
Most indices are oversold...so selling is tired......
Oil UP 77 cents...
Gold testing $900 area....Down,UP then Down.....
In my portfolio :
IMG UP 1 cent
GERN Down 4 cents
XLF Down 19 cents
@ 12.12 following are green in my watch list :
NDAQ,NYX,AAPL,IPI,GNK,DSX,WFR,STP,
POT,TKC,CTRN,ICE,CCJ,JRCC,MA,SOHU,
VLO,SPWRA,FSLR,ISRG,SNE,VAR,TOL,PHM,
SGP,SNY.
BLOG does NOT give buy or sell.
Saleem
Most indices are oversold...so selling is tired......
Oil UP 77 cents...
Gold testing $900 area....Down,UP then Down.....
In my portfolio :
IMG UP 1 cent
GERN Down 4 cents
XLF Down 19 cents
@ 12.12 following are green in my watch list :
NDAQ,NYX,AAPL,IPI,GNK,DSX,WFR,STP,
POT,TKC,CTRN,ICE,CCJ,JRCC,MA,SOHU,
VLO,SPWRA,FSLR,ISRG,SNE,VAR,TOL,PHM,
SGP,SNY.
BLOG does NOT give buy or sell.
Saleem
Monday, February 2, 2009
Dow below 8,000......
Indices tried very hard to be in green..but @ close only Nasdaq was UP......
Action is missing on Stimulus & other necessary economy helping steps???
Bad bank GONE...
Stimulus package stuck in political partisan grandstanding???
COUNTRY LAST is being practised......
SNDK AH down sharply after its EPS loss ballooned.....
MA,V,GS,AAPL,RIMM,GOOG were green.....
BLOG does NOT give buy or sell.
Saleem
Action is missing on Stimulus & other necessary economy helping steps???
Bad bank GONE...
Stimulus package stuck in political partisan grandstanding???
COUNTRY LAST is being practised......
SNDK AH down sharply after its EPS loss ballooned.....
MA,V,GS,AAPL,RIMM,GOOG were green.....
BLOG does NOT give buy or sell.
Saleem
Battle of Dow 8,000 is ON ????
Dow is being pushed below 8,000 AGAIN???
Politics & economic data is clashing.....
Politics getting worse & economic data showing some HOPE......
Obamanomics is moving too SLOW compared to slogan of "hitting the ground running on day one"
Gold Down $12
Oil Down 37 cents
In my portfolio :
IMG UP 5 cents
GERN UP 14 cents
XLF Down 17 cents
@ 11.17 AM following are green in my watch list :
YHOO,PMCS,POT,CTRN,SAY,GOOG,FWLT,
AAPL,RIMM,MON,DUG,SNY.
BLOG does NOT give buy or sell.
Saleem
Politics & economic data is clashing.....
Politics getting worse & economic data showing some HOPE......
Obamanomics is moving too SLOW compared to slogan of "hitting the ground running on day one"
Gold Down $12
Oil Down 37 cents
In my portfolio :
IMG UP 5 cents
GERN UP 14 cents
XLF Down 17 cents
@ 11.17 AM following are green in my watch list :
YHOO,PMCS,POT,CTRN,SAY,GOOG,FWLT,
AAPL,RIMM,MON,DUG,SNY.
BLOG does NOT give buy or sell.
Saleem
Sunday, February 1, 2009
Market TAPE..is it as bad as it FEELS???
Market TAPE HAS been very frustrating for many..who has sought resolution to many of the economic issues.....
Resolution of most issues are in the works..but due to its complexity..it is NOT showing the progress which most of us were hoping for.....
If you are FRUSTRATED with market tape.....you are NOT alone....think of all the successful investors who are committing more & more funds into this market.....some are EARLY like Warren Buffett...but in the end based on your time horizon success WILL come......
Market are trying to DISCOUNT all the economic challenges..so have gone nowhere since Nov 20th LOW...Dow was @ 7552.29......& now we are @ 8,000.86.....a move of +448.57 or +5.94% in last 72 days.....
As most investors like Warren Buffett did NOT buy stocks on Nov 20th...so Most investors are deep in ongoing loss.....which adds to frustration and loss of confidence in ability to make money in this market......
Every time IBD declares " markets in CONFIRMED Rally mode" we get immediate selling to near LOWS......
BUT......
There ARE hopeful signs in market tape.......
New 52 week highs & Lows are NOT as extreme as going into last 18 months of horrendous decline.....
Advance decline ratio also is NOT extreme.....
I personally believe that the resolution of this BASING process will be to the UP side..when most traders are totally frustrated & MAY have given UP.....
As the saying goes..never SHORT a DULL market......
Even in this frustrating tape....some sectors have been working..like Gold,Biotechs,Education......but if you are NOT focused in these sectors then you are NOT CHANGING with TAPE..which IS critical to RECOUPING your lost $$$$.....
So the message IS.....
There IS HOPE for this market.....
But CHANGE your stock MIX to reflect stronger sectors.....being stuck with previous themes or being STUBBORN is not going to help in recovery of equities....being diversified in WEAK sectors is NO diversification @ all.....
So.....
Please REDO your OWN strategy by carefully evaluating where the strength LIES....a simple formulae is which sectors/stocks ARE above 50 or 200 DMA or hitting new 52 week HIGHS....????
BLOG does NOT give buy or sell.
Saleem
Resolution of most issues are in the works..but due to its complexity..it is NOT showing the progress which most of us were hoping for.....
If you are FRUSTRATED with market tape.....you are NOT alone....think of all the successful investors who are committing more & more funds into this market.....some are EARLY like Warren Buffett...but in the end based on your time horizon success WILL come......
Market are trying to DISCOUNT all the economic challenges..so have gone nowhere since Nov 20th LOW...Dow was @ 7552.29......& now we are @ 8,000.86.....a move of +448.57 or +5.94% in last 72 days.....
As most investors like Warren Buffett did NOT buy stocks on Nov 20th...so Most investors are deep in ongoing loss.....which adds to frustration and loss of confidence in ability to make money in this market......
Every time IBD declares " markets in CONFIRMED Rally mode" we get immediate selling to near LOWS......
BUT......
There ARE hopeful signs in market tape.......
New 52 week highs & Lows are NOT as extreme as going into last 18 months of horrendous decline.....
Advance decline ratio also is NOT extreme.....
I personally believe that the resolution of this BASING process will be to the UP side..when most traders are totally frustrated & MAY have given UP.....
As the saying goes..never SHORT a DULL market......
Even in this frustrating tape....some sectors have been working..like Gold,Biotechs,Education......but if you are NOT focused in these sectors then you are NOT CHANGING with TAPE..which IS critical to RECOUPING your lost $$$$.....
So the message IS.....
There IS HOPE for this market.....
But CHANGE your stock MIX to reflect stronger sectors.....being stuck with previous themes or being STUBBORN is not going to help in recovery of equities....being diversified in WEAK sectors is NO diversification @ all.....
So.....
Please REDO your OWN strategy by carefully evaluating where the strength LIES....a simple formulae is which sectors/stocks ARE above 50 or 200 DMA or hitting new 52 week HIGHS....????
BLOG does NOT give buy or sell.
Saleem
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