Chrysler can take full credit for markets retreat from another strong close.....
Nasdaq closed @ its highest level in 8 weeks on strong volume.....
Nasdaq was UP 12.4% for the month of April......
Dow closed UP 7.4% in April......
Nasdaq is showing clear leadership in out performance by a wide %......
Again more new 52 week Highs ..11 in NYSE & 29 in Nasdaq....
In my portfolio :
Sold WEN
Doubled my position in CTX.....
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM......
Futures are small RED....
VIX closed @ 36.50.....
Canadian $ is sitting @ its highest point in months against US$......
MA reports before open.......
Strong performer today were FSLR,GMCR,EGLE,MRVL,NVDA,PALM,
GNK,EXPE,RIMM,STP,TSL,MA,V,DSX.......
BLOG does NOT give buy or sell.
Saleem
Thursday, April 30, 2009
Market is making New trading HIGHS......NICE !!!
If you have been taking your investment ideas from CNBC or FAST MONEY...they were trying to tell you 40 ways that 870-875 in S&P 500 is TOP for this market and everything should be sold with 10 cents profit....sadly it included technical analyst Carter Worth of Oppenheimer.....
Guess what..... S&P 500 is comfortably trading well above pundits fear number of 875......
S&P 500 last trade is 885.....nice !!!!
Gold Down $18.50
Oil UP 29 cents
Canadian $ UP another 21 tick against US$.....
In my portfolio :
Doubled my position in NVDA...got filled @ low of the day..NICE !!!!!
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN ( not happy with WEN tape @ all).
Most stocks are UP......
Keep an eye on RSI for major indices for valuation analysis.....currently here are the numbers :
S&P500 62.46...75+ IS overbought area
Dow 62.36....
Nasdaq 67.51
BLOG does NOT give buy or sell.
Saleem
Guess what..... S&P 500 is comfortably trading well above pundits fear number of 875......
S&P 500 last trade is 885.....nice !!!!
Gold Down $18.50
Oil UP 29 cents
Canadian $ UP another 21 tick against US$.....
In my portfolio :
Doubled my position in NVDA...got filled @ low of the day..NICE !!!!!
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN ( not happy with WEN tape @ all).
Most stocks are UP......
Keep an eye on RSI for major indices for valuation analysis.....currently here are the numbers :
S&P500 62.46...75+ IS overbought area
Dow 62.36....
Nasdaq 67.51
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 29, 2009
All Indices closed @ highest point of 8 wk rally $$$$
Markets were itching to rally despite Flu,bad Bank & weak GDP......
All indices went past highest point of this 8 wk rally and also had highest close...
Internals were strong with advancing stocks were leading by 3.32 to 1 on Nasdaq & 5.29 to 1 in NYSE.....
New 52 wk highs were 8 in NYSE & 30 in Nasdaq......
Volume was highest in Nasdaq & best volume in S&P 500 & NYSE in 3 days......
I wish volume was little more on NYSE & S&P 500........
AH FSLR ER was greeted with $20 jump ..all solar stocks are UP in Sympathy.....
V ER was a beat BUT stock was trading lower than close????
GNK was a beat in both top & bottom but on more vessels......CC in AM before official Open..slightly higher AH.....
Futures are all in RED.....
VIX closed @ 36.08.
BLOG does NOT give buy or sell.
Saleem
All indices went past highest point of this 8 wk rally and also had highest close...
Internals were strong with advancing stocks were leading by 3.32 to 1 on Nasdaq & 5.29 to 1 in NYSE.....
New 52 wk highs were 8 in NYSE & 30 in Nasdaq......
Volume was highest in Nasdaq & best volume in S&P 500 & NYSE in 3 days......
I wish volume was little more on NYSE & S&P 500........
AH FSLR ER was greeted with $20 jump ..all solar stocks are UP in Sympathy.....
V ER was a beat BUT stock was trading lower than close????
GNK was a beat in both top & bottom but on more vessels......CC in AM before official Open..slightly higher AH.....
Futures are all in RED.....
VIX closed @ 36.08.
BLOG does NOT give buy or sell.
Saleem
Higher HIGHS in Nasdaq....NICE !!!!
Nasdaq is trading in uncharted territory AGAIN...S&P 500 & DOW came awfully close to doing the same.....
GDP came in weaker than expectations.....BUT Markets ARE looking AHEAD to better numbers...
GOLD UP $7.90
OIL UP 85 cents
Canadian $ is very strong HIGHEST in 11 weeks UP 1.39 cents against US$....
Most Stocks are GREEN...Bulk Dry shipping stocks are flying ahead of GNK numbers AH..
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN......
Markets have a tendency to pullback slightly for max two days then to higher HIGHS....
TAPE is looking GOOD......
VIX currently @ 35.94 Down 5.3%
BLOG does NOT give buy or sell.
Saleem
GDP came in weaker than expectations.....BUT Markets ARE looking AHEAD to better numbers...
GOLD UP $7.90
OIL UP 85 cents
Canadian $ is very strong HIGHEST in 11 weeks UP 1.39 cents against US$....
Most Stocks are GREEN...Bulk Dry shipping stocks are flying ahead of GNK numbers AH..
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN......
Markets have a tendency to pullback slightly for max two days then to higher HIGHS....
TAPE is looking GOOD......
VIX currently @ 35.94 Down 5.3%
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 28, 2009
Indices went nowhere @ close.....
Dow had a trading range of almost 153 points...but by close it was back near starting point....
Volume was even lower today .......lowest in a while......
Internals were healthy with advancing stocks clearly in the lead...
More new highs today in both NYSE & Nasdaq.....
VIX actually went down & closed @ 37.95...
WED AH ER from V & GNK.....
DNDN had a wild ride today ...range was Open $22.32 High $25 low $7.50 closed @ $11.81...& halted.....AH Trading $26 to $27...on positive research data for Provenge !!!!!
BLOG does NOT give buy or sell.
Saleem
Volume was even lower today .......lowest in a while......
Internals were healthy with advancing stocks clearly in the lead...
More new highs today in both NYSE & Nasdaq.....
VIX actually went down & closed @ 37.95...
WED AH ER from V & GNK.....
DNDN had a wild ride today ...range was Open $22.32 High $25 low $7.50 closed @ $11.81...& halted.....AH Trading $26 to $27...on positive research data for Provenge !!!!!
BLOG does NOT give buy or sell.
Saleem
Nothing can keep this market down???
Markets were given another dose of flu shot & bad bank pill...but we keep staying well above support???
Because ...markets are NOT buying media fear mongering for a long time now...but media keeps rehashing the old ones with a side order of new ones.....
TAPE is giving every indication that indices ARE heading HIGHER......
Gold Down $17.30
Oil Down 92 cents
Canadian $ down 23 tick
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN......
@ 12.14 following are green :
NVDA,AMTD,AAPL,POT,GOOG,BIDU,AMZN,MA,V,NDN,LULU,
GS......
BLOG Does NOT give buy or sell.
Saleem
Because ...markets are NOT buying media fear mongering for a long time now...but media keeps rehashing the old ones with a side order of new ones.....
TAPE is giving every indication that indices ARE heading HIGHER......
Gold Down $17.30
Oil Down 92 cents
Canadian $ down 23 tick
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN......
@ 12.14 following are green :
NVDA,AMTD,AAPL,POT,GOOG,BIDU,AMZN,MA,V,NDN,LULU,
GS......
BLOG Does NOT give buy or sell.
Saleem
Monday, April 27, 2009
Small loss on low volume......
Markets ignored "most of the noise about swine flu"...ended around 1% lower......
AH BIDU reported a beat & guide UP....UP almost $8 AH.....SOHU UP in sympathy.
Futures are mini red....
VIX closed @ 38.32...staying below 40 ......
There is tremendous buying support in any weakness which IS very healthy for markets next move UP....
Following stocks were green @ close :
IPI,RIMM,AAPL,IBN,BIDU,ICE,LRCX,BZH,NVAX......
BLOG does NOT give buy or sell.
Saleem
AH BIDU reported a beat & guide UP....UP almost $8 AH.....SOHU UP in sympathy.
Futures are mini red....
VIX closed @ 38.32...staying below 40 ......
There is tremendous buying support in any weakness which IS very healthy for markets next move UP....
Following stocks were green @ close :
IPI,RIMM,AAPL,IBN,BIDU,ICE,LRCX,BZH,NVAX......
BLOG does NOT give buy or sell.
Saleem
HIGHER lows "lovi'n It"...$$$$$
Markets are certainly showing "incredible strength" in the face of bad news like "swine flu" which tanked Hang Seng 2.74% last night.....
Markets are trading near "high of the day".....
Higher lows on any selling is "the-best technical indicator we got going"
TAPE is very strong which tells me that HIGH indicated targets MAY be achieved !!!!
Gold Down $3.70
Oil Down $1.79
Canadian $ is near unchanged level.....
In my portfolio :
Added 30% more EGLE.....
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN...
IPI is sharply higher 11%++ on very high volume.....rumour swirling around of takeover????
@12.14 following are among green :
IPI,MRVL,CTX,RIMM,IBN,BIDU(reports AH),
GS,PHM,BZH,NVAX.
BLOG does NOT give buy or sell.
Saleem
Markets are trading near "high of the day".....
Higher lows on any selling is "the-best technical indicator we got going"
TAPE is very strong which tells me that HIGH indicated targets MAY be achieved !!!!
Gold Down $3.70
Oil Down $1.79
Canadian $ is near unchanged level.....
In my portfolio :
Added 30% more EGLE.....
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN...
IPI is sharply higher 11%++ on very high volume.....rumour swirling around of takeover????
@12.14 following are among green :
IPI,MRVL,CTX,RIMM,IBN,BIDU(reports AH),
GS,PHM,BZH,NVAX.
BLOG does NOT give buy or sell.
Saleem
Sunday, April 26, 2009
IS This Rally getting "closer" to overbought ????
Markets have been on a tear for seven straight week.......
Reasons are MANY for this newly found optimism in markets......
-Economy is in the trough stage...
-Housing seeing hopeful signs....
-Banking system is on the mend.....
- Credit is flowing....
-World leaders are unanimous on many solutions.....
-IMF taking an aggressive role to help developing/struggling countries.....
-China economy is back on track of GROWTH......
So...... if the above is TRUE !!!!
How HIGH can we go in this RUNUP........?????
OPTIMISTIC numbers thrown around are very HIGH from current levels......
BUT.....
Are they realistic???
SO......
What IS a REALISTIC level for each major indices.......
Here is some potential MAJOR resistance areas :
Dow 8650(realistic).....HIGH prediction 9147
S&P 500 935(realistic)..HIGH prediction 973
Nasdaq 1970(realistic)...HGH prediction 2150
RSI numbers are also getting interesting...they ARE trending UP :
Dow 57.42
S&P 500 59.35
Nasdaq 63.53
As we CAN clearly see that Nasdaq "is the mother of all indices" wants to go higher the-most....
As we get closer to REALISTIC numbers....we WILL be in overbought territory.....
Also MAY will come to greet us & traders are generally "nervous about sell in May & go AWAY"
I will be trimming my positions @ those realistic set of numbers & will focus on Daytrading only with max 3 positions......
Also what I have done already...that in the month of April I have taken out PROFIT money completely from my brokerage account into money market..so I do NOT lose my profit..here is the example of how & when :
April 3 ...21% of profit money
April 17..10.04% of profit money
April 23..53.2% of profit money
April 24..15.76% of profit money
So.....I am trading with my principal amount only....Ideally I would like to trade with 60% of principal....but..as usual it gets very tempting to PLOUGH every available funds back into market.....
As the markets goes HIGHER...I am committed to trading with less of principal amount..like 40% only.....
That IS just my strategy for my OWN comfort level......
As you KNOW that none of us was able to predict this horrendous SLUMP in the markets...so it IS safe to predict that none of us will be correct in predicting HIGHS of the markets either.....
So .....we all have to figure out a strategy which has very HIGH comfort level for each one of us....
For long term investors ..it COULD be 100 % of investible amount & dollar cost averaging for next 10 years......
For traders.....whatever amount makes sense to you & have high comfort level !!!!
As of Friday's close..I have the following stocks in my portfolio :
CTX..homebuilder
EGLE..Bulk Dry shipper
IPI..Potash producer
MRVL..RIMM,AAPL,PC component supplier
NVDA..Graphics & chipset
PALM..Smartphone
WEN..Fast food Restaurant
It IS highly recommended that you do a comparative analysis of where the "velocity of money is better served"for that RSI is a very good guide....
OPTIMIZATION of your investible $ is extremely CRITICAL as some stocks are OVERBOUGHT & some are SEVERELY UNDERVALUED.....
Also KNOW that some sectors are currently "out of favour"...
And some stocks in any sector are overvalued & money IS flowing out .......
So....
Invest your money wisely with 70% FA & 30% TA......
It PAYS to KNOW the story behind each stock as it is NOW and how it will be in future.....
It IS always about MARGINS......
Good luck with your OWN homework & comfort level......
Next seven weeks.....markets MAY be more challenging than LAST seven weeks as many good news IS getting priced IN......
BLOG does NOT give buy or sell.
Saleem
Reasons are MANY for this newly found optimism in markets......
-Economy is in the trough stage...
-Housing seeing hopeful signs....
-Banking system is on the mend.....
- Credit is flowing....
-World leaders are unanimous on many solutions.....
-IMF taking an aggressive role to help developing/struggling countries.....
-China economy is back on track of GROWTH......
So...... if the above is TRUE !!!!
How HIGH can we go in this RUNUP........?????
OPTIMISTIC numbers thrown around are very HIGH from current levels......
BUT.....
Are they realistic???
SO......
What IS a REALISTIC level for each major indices.......
Here is some potential MAJOR resistance areas :
Dow 8650(realistic).....HIGH prediction 9147
S&P 500 935(realistic)..HIGH prediction 973
Nasdaq 1970(realistic)...HGH prediction 2150
RSI numbers are also getting interesting...they ARE trending UP :
Dow 57.42
S&P 500 59.35
Nasdaq 63.53
As we CAN clearly see that Nasdaq "is the mother of all indices" wants to go higher the-most....
As we get closer to REALISTIC numbers....we WILL be in overbought territory.....
Also MAY will come to greet us & traders are generally "nervous about sell in May & go AWAY"
I will be trimming my positions @ those realistic set of numbers & will focus on Daytrading only with max 3 positions......
Also what I have done already...that in the month of April I have taken out PROFIT money completely from my brokerage account into money market..so I do NOT lose my profit..here is the example of how & when :
April 3 ...21% of profit money
April 17..10.04% of profit money
April 23..53.2% of profit money
April 24..15.76% of profit money
So.....I am trading with my principal amount only....Ideally I would like to trade with 60% of principal....but..as usual it gets very tempting to PLOUGH every available funds back into market.....
As the markets goes HIGHER...I am committed to trading with less of principal amount..like 40% only.....
That IS just my strategy for my OWN comfort level......
As you KNOW that none of us was able to predict this horrendous SLUMP in the markets...so it IS safe to predict that none of us will be correct in predicting HIGHS of the markets either.....
So .....we all have to figure out a strategy which has very HIGH comfort level for each one of us....
For long term investors ..it COULD be 100 % of investible amount & dollar cost averaging for next 10 years......
For traders.....whatever amount makes sense to you & have high comfort level !!!!
As of Friday's close..I have the following stocks in my portfolio :
CTX..homebuilder
EGLE..Bulk Dry shipper
IPI..Potash producer
MRVL..RIMM,AAPL,PC component supplier
NVDA..Graphics & chipset
PALM..Smartphone
WEN..Fast food Restaurant
It IS highly recommended that you do a comparative analysis of where the "velocity of money is better served"for that RSI is a very good guide....
OPTIMIZATION of your investible $ is extremely CRITICAL as some stocks are OVERBOUGHT & some are SEVERELY UNDERVALUED.....
Also KNOW that some sectors are currently "out of favour"...
And some stocks in any sector are overvalued & money IS flowing out .......
So....
Invest your money wisely with 70% FA & 30% TA......
It PAYS to KNOW the story behind each stock as it is NOW and how it will be in future.....
It IS always about MARGINS......
Good luck with your OWN homework & comfort level......
Next seven weeks.....markets MAY be more challenging than LAST seven weeks as many good news IS getting priced IN......
BLOG does NOT give buy or sell.
Saleem
Saturday, April 25, 2009
BUY rated stocks for " a bull market TAPE"!!!
Following stocks are flashing a buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
BUCY,CSCO,CTCM,DELL,FORM,GRMN,
INFA,JACK,JNPR,MPEL,RVBD,SINA,
TLAB,VSEA,ZBRA,ACN,AXP,BCE,BHS,
BMO,BOH,BX,BYD,CY,ECA,HK,HPQ,
LEN,PCX,PHM,RIO,SU,V,VLO,EGO,CCJ,
NVLS,MSFT.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
BUCY,CSCO,CTCM,DELL,FORM,GRMN,
INFA,JACK,JNPR,MPEL,RVBD,SINA,
TLAB,VSEA,ZBRA,ACN,AXP,BCE,BHS,
BMO,BOH,BX,BYD,CY,ECA,HK,HPQ,
LEN,PCX,PHM,RIO,SU,V,VLO,EGO,CCJ,
NVLS,MSFT.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for " a bull market TAPE"!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
FTO,SKIL,STV,SI,FBN,CNQ,CA,ADSK,ATI,
MTH,OSG,LZ,ISIS,MHO,WTS,EPIC,STV,ODSY.
BLOG does NOT give buy or sell.
Saleem
FTO,SKIL,STV,SI,FBN,CNQ,CA,ADSK,ATI,
MTH,OSG,LZ,ISIS,MHO,WTS,EPIC,STV,ODSY.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for " a bull market TAPE"!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
RAIL,CYPB,BABY,IBKR,FCN,PCG,SQNM,
XRAY,LLTC,DLM,HUM,PKX,ALK,SWY.
BLOG does NOT give buy or sell.
Saleem
RAIL,CYPB,BABY,IBKR,FCN,PCG,SQNM,
XRAY,LLTC,DLM,HUM,PKX,ALK,SWY.
BLOG does NOT give buy or sell.
Saleem
Friday, April 24, 2009
Nasdaq HIGHEST close in 7 weeks on HIGH volume !!!!
Nasdaq closed @ the highest point in seven weeks on high volume......
Volume was slightly above normal for Friday in Dow & S&P 500.......
Dow & S&P 500 are ready to break higher along with Nasdaq in coming weeks......
There IS a disbelief in markets performance after seven weeks which includes me also.....
I am a very "nervous trader NOW"
Based on TAPE...I bought back CTX & IPI.......so much for my 60% exposure...it IS 100%.....
My portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN....
By 10AM Saturday..I will list technically weak/strong/buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
Volume was slightly above normal for Friday in Dow & S&P 500.......
Dow & S&P 500 are ready to break higher along with Nasdaq in coming weeks......
There IS a disbelief in markets performance after seven weeks which includes me also.....
I am a very "nervous trader NOW"
Based on TAPE...I bought back CTX & IPI.......so much for my 60% exposure...it IS 100%.....
My portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN....
By 10AM Saturday..I will list technically weak/strong/buy rated stocks....
BLOG does NOT give buy or sell.
Saleem
Ford "driving the markets UP"....NICE !!!!
F ER report was a complete surprise to wall street......on the good side...so UP we went in a hurry.....IF F can project to make money in 2011....then we have to be OPTIMISTIC about every other sector......
GOLD UP $5.10
OIL UP $1.84
Canadian $ UP 1.01 cent against US$ AGAIN.....nice back to back strength $$$$
My portfolio is EGLE,MRVL,NVDA,PALM,WEN.....Have 60% exposure in market.....
Most sectors are green......
Markets are trading near HIGHS ..which IS a good thing.....
Sorry for being late in posting...as I was trying to figure out which stocks to buy.
BLOG does NOT give buy or sell.
Saleem
GOLD UP $5.10
OIL UP $1.84
Canadian $ UP 1.01 cent against US$ AGAIN.....nice back to back strength $$$$
My portfolio is EGLE,MRVL,NVDA,PALM,WEN.....Have 60% exposure in market.....
Most sectors are green......
Markets are trading near HIGHS ..which IS a good thing.....
Sorry for being late in posting...as I was trying to figure out which stocks to buy.
BLOG does NOT give buy or sell.
Saleem
Sold PMCS,IPI,GNK,CTX,TLM......
Sold PMCS,IPI,GNK,CTX,TLM......
Currently have WEN only.....
Trying to lock GAINS......
Will be trading with 50% less exposure in market......
It is "all about my comfort level"
BLOG does NOT give buy or sell.
Saleem
Currently have WEN only.....
Trying to lock GAINS......
Will be trading with 50% less exposure in market......
It is "all about my comfort level"
BLOG does NOT give buy or sell.
Saleem
Thursday, April 23, 2009
Markets wants to party on the UPSIDE !!!!
Markets absorbed all the selling without even going below Dow 7800...as there ARE willing buyers on any weakness......
Selling is sharp & is over by next noon as a pattern......
These selling is healthy as it takes the froth out in a hurry.....
Today most sectors participated in the rally even Gold,Oil,.....
Semis were weak....
AH AMZN Beat on EPS & is UP 2.34% AH.....
PMCS as predicted had a HUGE BEAT Sales UP 7.14% from consensus,EPS 6 cents vs consensus of 1 cent.....Shares AH UP 10.87%...expect analyst upgrades !!!
Earnings have been better than consensus in Techs......
POT reduced guidance for full year...which is already priced IN for most AG......All AG digested POT news quite easily.....expecting positive tape to resume in AG.....
I pay attention to sentiments & tape quite closely & try to time my strategy accordingly.....I NEVER FIGHT THE TAPE & "can adjust rapidly to what I see"...
Please try to follow your OWN instincts which will add to your comfort level.
No two market environment are the same...so watching TAPE can be very profitable.....always let the market speak as a final judge......
As markets closed near very high of the day...there is a good CHANCE of a strong Friday.
AH futures are small GREEN.....
VIX closed @ 37.15.....
Canadian $ made my day...UP 1.06 cents against US$.....NICE $$$$
BLOG does NOT give buy or sell.
Saleem
Selling is sharp & is over by next noon as a pattern......
These selling is healthy as it takes the froth out in a hurry.....
Today most sectors participated in the rally even Gold,Oil,.....
Semis were weak....
AH AMZN Beat on EPS & is UP 2.34% AH.....
PMCS as predicted had a HUGE BEAT Sales UP 7.14% from consensus,EPS 6 cents vs consensus of 1 cent.....Shares AH UP 10.87%...expect analyst upgrades !!!
Earnings have been better than consensus in Techs......
POT reduced guidance for full year...which is already priced IN for most AG......All AG digested POT news quite easily.....expecting positive tape to resume in AG.....
I pay attention to sentiments & tape quite closely & try to time my strategy accordingly.....I NEVER FIGHT THE TAPE & "can adjust rapidly to what I see"...
Please try to follow your OWN instincts which will add to your comfort level.
No two market environment are the same...so watching TAPE can be very profitable.....always let the market speak as a final judge......
As markets closed near very high of the day...there is a good CHANCE of a strong Friday.
AH futures are small GREEN.....
VIX closed @ 37.15.....
Canadian $ made my day...UP 1.06 cents against US$.....NICE $$$$
BLOG does NOT give buy or sell.
Saleem
IS Dow 7800 new HIGHER support area???
If we hold the support area of 7800 in Dow then it will be HIGHER low since last selling on Monday....
It is very encouraging to see that their is no punch in selling today.....I guess yesterday's selling and this morning selling after open is all what we are going to get???
Did some buying after seeing weak selling......
Gold UP $14.70
Oil UP 14 cents
Canadian $ UP 74 tick against US$ after new policy statement from Central Bank in Canada...which IS bullish for CAD....
In my portfolio :
Bought CTX a home builder being acquired by PHM an arb play....
Bought back PMCS which reports AH..expecting a BEAT & guide UP.....
Portfolio is :
CTX,GNK,IPI,PMCS,WEN,TLM.....
@ 12.05 following are among green :
AAPL,IBN,AMZN,AMTD,NDAQ,BIDU,MA,V,
SINA,KGC,CCJ,WYNN,NYX,ABX,GG.
BLOG does NOT give buy or sell.
Saleem
It is very encouraging to see that their is no punch in selling today.....I guess yesterday's selling and this morning selling after open is all what we are going to get???
Did some buying after seeing weak selling......
Gold UP $14.70
Oil UP 14 cents
Canadian $ UP 74 tick against US$ after new policy statement from Central Bank in Canada...which IS bullish for CAD....
In my portfolio :
Bought CTX a home builder being acquired by PHM an arb play....
Bought back PMCS which reports AH..expecting a BEAT & guide UP.....
Portfolio is :
CTX,GNK,IPI,PMCS,WEN,TLM.....
@ 12.05 following are among green :
AAPL,IBN,AMZN,AMTD,NDAQ,BIDU,MA,V,
SINA,KGC,CCJ,WYNN,NYX,ABX,GG.
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 22, 2009
Markets rolled over ????
Markets are looking TOPPY......
Today was the first day of "technical rollover" in last seven weeks ????
Markets ARE giving me a feeling of weakness setting IN.......
AAPL had a great ER AH...beat on both top & bottom line.....Guidance as per tradition was weaker than consensus..AAPL UP $3.59 in AH on 5.91 million shares AH for a total volume of 33.53 million vs normal volume of 24.67 million......
VIX closed @ 38.10
AH futures are small RED ???
Suggest REDUCING exposure to market for active traders & delay buying for few weeks for long term holders as prices MAY come down......sometimes TOPPING action may go on for several days......
TAPE looks tired and stocks are extended in seventh week of RUNUP.
BLOG does NOT give buy or sell.
Saleem
Today was the first day of "technical rollover" in last seven weeks ????
Markets ARE giving me a feeling of weakness setting IN.......
AAPL had a great ER AH...beat on both top & bottom line.....Guidance as per tradition was weaker than consensus..AAPL UP $3.59 in AH on 5.91 million shares AH for a total volume of 33.53 million vs normal volume of 24.67 million......
VIX closed @ 38.10
AH futures are small RED ???
Suggest REDUCING exposure to market for active traders & delay buying for few weeks for long term holders as prices MAY come down......sometimes TOPPING action may go on for several days......
TAPE looks tired and stocks are extended in seventh week of RUNUP.
BLOG does NOT give buy or sell.
Saleem
Markets are in green AGAIN !!!!
Markets are following a typical bull pattern by starting RED and getting into green quickly despite futures & bad ER.....
Nasdaq is UP 1.75%..strongest of all indices.....
VIX @ 36.30......
Gold UP $4.90
Oil Down 30 cent
Canadian $ is UP 9 tick against US$....LEI weaker than expected.
In my portfolio:
Bought TLM...a Mid size Canadian Oil exploration & producer....
Portfolio is GNK,IPI,WEN,TLM.....
Most stocks are UP......
AAPL reports AH...cautionary note by Mike Abramsky of RBC..saying Macs are NOT selling well......
As we are hitting PEAK earning season by Thursday with AMZN report...I have decided to be completely out of Tech.....In the past by mid earning report...it was the peak of market for several weeks...do not mind missing if there is more juice left in techs.....better to book profit than fight for the last $.....
I also feels that there is "too much enthusiasm for markets right NOW...a sure sign of contrary opinion by me"
It IS all about my "comfort level"...
Being a Taurus....it lets me change approach quickly...Right or Wrong ????
BLOG does NOT give buy or sell.
Saleem
Nasdaq is UP 1.75%..strongest of all indices.....
VIX @ 36.30......
Gold UP $4.90
Oil Down 30 cent
Canadian $ is UP 9 tick against US$....LEI weaker than expected.
In my portfolio:
Bought TLM...a Mid size Canadian Oil exploration & producer....
Portfolio is GNK,IPI,WEN,TLM.....
Most stocks are UP......
AAPL reports AH...cautionary note by Mike Abramsky of RBC..saying Macs are NOT selling well......
As we are hitting PEAK earning season by Thursday with AMZN report...I have decided to be completely out of Tech.....In the past by mid earning report...it was the peak of market for several weeks...do not mind missing if there is more juice left in techs.....better to book profit than fight for the last $.....
I also feels that there is "too much enthusiasm for markets right NOW...a sure sign of contrary opinion by me"
It IS all about my "comfort level"...
Being a Taurus....it lets me change approach quickly...Right or Wrong ????
BLOG does NOT give buy or sell.
Saleem
Sold MRVL,NVDA,PMCS,PALM...
Sold MRVL,NVDAPMCS,PALM....
Portfolio is GNK,IPI,WEN.....
Wanted to lock profit in majority of my position.....
Also feel that market MAY be in "overbought mode" as most of the good news are already priced IN...even in Tech.....FOR NOW???
I MAY buy back some TECHS @ certain level.....
Just wanted to reduce exposure in market as a whole....
BLOG does NOT give buy or sell.
Saleem
Portfolio is GNK,IPI,WEN.....
Wanted to lock profit in majority of my position.....
Also feel that market MAY be in "overbought mode" as most of the good news are already priced IN...even in Tech.....FOR NOW???
I MAY buy back some TECHS @ certain level.....
Just wanted to reduce exposure in market as a whole....
BLOG does NOT give buy or sell.
Saleem
Sold RIMM...
Sold my entire position in RIMM......
As I had bought in Toronto for $53.17..sold @ 83.50 a gain of $30.23 per share after commission...
MAY re-enter RIMM AH or Thursday...
BLOG does NOT give buy or sell.
Saleem
As I had bought in Toronto for $53.17..sold @ 83.50 a gain of $30.23 per share after commission...
MAY re-enter RIMM AH or Thursday...
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 21, 2009
Green close in all indices !!!!!
Turnaround Tuesday lived up to its reputation As markets found support & turned UP....
Nasdaq was the biggest % gainer @ close.
AH SNDK & YHOO ER was greeted with enthusiasm as they both BEAT expected EPS.....sales were softer on both.....SNDK & YHOO both UP AH......
Futures are kind of flattish with mini RED in all indices....
There IS tremendous interest in "buying the dips" as several trillions are waiting to get IN.....
AAPL reports AH Wed....interesting commentary today from Gene Munster from PJ who is the declared bull on AAPL...he is predicting a slight MISS on EPS...which was a surprise to me???
Among the gainers today were :
RIMM,GNK,IPI,PMCS,CCJ,EXPE,AMTD,AAPL,
GS,MA,V,LULU,TOL,EGLE,DSX.
BLOG does NOT give buy or sell.
Saleem
Nasdaq was the biggest % gainer @ close.
AH SNDK & YHOO ER was greeted with enthusiasm as they both BEAT expected EPS.....sales were softer on both.....SNDK & YHOO both UP AH......
Futures are kind of flattish with mini RED in all indices....
There IS tremendous interest in "buying the dips" as several trillions are waiting to get IN.....
AAPL reports AH Wed....interesting commentary today from Gene Munster from PJ who is the declared bull on AAPL...he is predicting a slight MISS on EPS...which was a surprise to me???
Among the gainers today were :
RIMM,GNK,IPI,PMCS,CCJ,EXPE,AMTD,AAPL,
GS,MA,V,LULU,TOL,EGLE,DSX.
BLOG does NOT give buy or sell.
Saleem
Markets back on "green track"....NICE !!!!
Markets are back in green ignoring all the noise about bad ER.....
Futures were down but Dow found solid support around 7792 area after open.......
BRCM buying ELX which is UP 44%......
Techs are loaded with cash in their balance sheet & are scooping up bargains...a sure sign of a solid bottom.....
Gold Down $4.50
Oil Down 42 cents
Canadian $ is UP 20 tick so far against US$...after Canadian central bank lowered interest rate by .25% to historic low of .25%.....Central bank made a statement along with rate decrease..that they will keep interest rate @ .25% till middle of 2010...to encourage borrowing & lending.
Portfolio is RIMM,PALM,GNK,IPI,MRVL,NVDA,PMCS,WEN....
@ 12.13.....following are among green :
RIMM,PALM,GNK,IPI,PMCS,NVDA,AAPL,V,CTRN,
ICE,LULU,JRCC,MA,BIDU,EGLE,CMED,SPWRA,
FSLR,GS,GOOG,FWLT,EXPE,AMTD,AMZN,TOL.
BLOG does NOT give buy or sell.
Saleem
Futures were down but Dow found solid support around 7792 area after open.......
BRCM buying ELX which is UP 44%......
Techs are loaded with cash in their balance sheet & are scooping up bargains...a sure sign of a solid bottom.....
Gold Down $4.50
Oil Down 42 cents
Canadian $ is UP 20 tick so far against US$...after Canadian central bank lowered interest rate by .25% to historic low of .25%.....Central bank made a statement along with rate decrease..that they will keep interest rate @ .25% till middle of 2010...to encourage borrowing & lending.
Portfolio is RIMM,PALM,GNK,IPI,MRVL,NVDA,PMCS,WEN....
@ 12.13.....following are among green :
RIMM,PALM,GNK,IPI,PMCS,NVDA,AAPL,V,CTRN,
ICE,LULU,JRCC,MA,BIDU,EGLE,CMED,SPWRA,
FSLR,GS,GOOG,FWLT,EXPE,AMTD,AMZN,TOL.
BLOG does NOT give buy or sell.
Saleem
Monday, April 20, 2009
Giveback of 3.56% to 4.28% in markets.....
Markets gave back around 4% after being UP for six straight weeks......
Fear trade was in vogue with Gold & VIX shooting UP......
AH futures are all small green.....
AH ER saw IBM & TXN in focus.....
IBM EPS was better than expected but Sales were lower..Down $1.93 AH.....
TXN was a beat on both Top & Bottom line...Guidance was way ahead of consensus.....UP 31 cents AH....
TXN better than expected ER is having a positive impact on most of my Techs UP AH modestly ...including MRVL,NVDA,RIMM,PALM.....
Because of the severity of pullback today...we MAY see a half decent close on Tuesday......
BLOG does NOT give buy or sell.
Saleem
Fear trade was in vogue with Gold & VIX shooting UP......
AH futures are all small green.....
AH ER saw IBM & TXN in focus.....
IBM EPS was better than expected but Sales were lower..Down $1.93 AH.....
TXN was a beat on both Top & Bottom line...Guidance was way ahead of consensus.....UP 31 cents AH....
TXN better than expected ER is having a positive impact on most of my Techs UP AH modestly ...including MRVL,NVDA,RIMM,PALM.....
Because of the severity of pullback today...we MAY see a half decent close on Tuesday......
BLOG does NOT give buy or sell.
Saleem
3%+ pullback after 6 wk of GAIN......
Markets are pulling back 3%+ after SIX wk of back to back gains......
VIX has spiked UP to 38.74 a gain of 14.14%.....
GOLD UP $15.30
Oil Down $3.69
Canadian $ is taking a beating against US$ ..Down 1.31 cents...Canadian central bank is expected to take a decision on interest rate on Tuesday @ 9AM....currently rate is .5%.....
Portfolio is RIMM,PALM,IPI,GNK,MRVL,NVDA,PMCS,WEN....
Most stocks are down in my watch list except PALM & AMZN on upgrades & stock target increase......
BLOG does NOT give buy or sell.
Saleem
VIX has spiked UP to 38.74 a gain of 14.14%.....
GOLD UP $15.30
Oil Down $3.69
Canadian $ is taking a beating against US$ ..Down 1.31 cents...Canadian central bank is expected to take a decision on interest rate on Tuesday @ 9AM....currently rate is .5%.....
Portfolio is RIMM,PALM,IPI,GNK,MRVL,NVDA,PMCS,WEN....
Most stocks are down in my watch list except PALM & AMZN on upgrades & stock target increase......
BLOG does NOT give buy or sell.
Saleem
Sunday, April 19, 2009
How HIGH are we heading !!!!
Markets are "out of the gate" Running towards a finish line ...which has NOT been defined yet....
This market are in an opposite direction of where we were in Oct of 2007.....
Dow is UP 26.26% in six straight weeks
S&P 500 is UP 30.42%
Nasdaq is UP 32.2% in the same six weeks
What can we see from this stat IS :
That you were WISE to be IN the market where GAINS exceeded money market funds by several hundred %.....
Nasdaq was the best place to be which gave EXTRA 5.94% compared to Dow......in six weeks only......annualized the difference & it IS EXTRA 51.48%.......NOW we are talking serious % in difference alone.......
NOW the question IS........
IS the party OVER????
My educated & experience based answer IS......
FAR from IT.......
As I have been highlighting.....WE HAVE ONLY JUST BEGUN....
YES...there will be corrections in FAST & ORDERLY manner...
BUT
The TREND IS UP !!!!!
Just to go back to 52 wk HIGHS .....
We ARE POTENTIALLY looking @ following GAINS from Friday's close :
Dow +62.2%
S&P 500 +65.62%
Nasdaq +52.5%
These POTENTIAL gains are much much BIGGER than what we have achieved in the last six weeks.......
So.....
The bottom line IS.... that you have NOT missed MAJORITY of GAINS which COULD come as we move higher & higher......
I personally have made the ERROR of missing the BIGGEST moves because I cashed out "too quickly"...back in 1986-1987 huge move UP......
I have also made the ERROR of NOT being in the FASTEST moving strong stocks till the party was OVER...back in 1999-2000 RUNUP......Kept changing stocks with each RUNUP instead of staying PUT....
So .....How I am playing this RUNUP???
STICK with a game plan & WAIT for the BIGGEST % RUNUP which MAY be coming our way....
As you will notice... that my portfolio is NOT changing much.....either I am adding or looking for stocks which have finished basing......
This IS going to be a MULTI-YEAR bull market and you NEED to be IN right stocks.....which ARE in MANY sectors...there ARE winners & LOSERS in every sector.....
You NEED to get going in your HOMEWORK as this COULD be the OPPORTUNITY of our lifetime......
Here is my $ allocation as of Friday:
GNK 13.78%....Bulk Dry Shipping
IPI 15.84%......AG Potash
WEN 6.76%....Fast Food Restaurant
MRVL 8.94%.Component for AAPL & RIMM+++
NVDA 9.32%...Graphics & Chipset maker
PMCS 9.14%...Networking Infrastructure
PALM 7.10%...Smartphone
RIMM 29.12%..Smartphone
Good luck in your OWN due diligence & be comfortable in your $ allocations.
10 cents trades strategy should be avoided as we are looking @ SERIOUS gains already..let the market be your GUIDE not your OWN interpretations of FA or CHARTS.....
BLOG does NOT give BUY or SELL.
Saleem
This market are in an opposite direction of where we were in Oct of 2007.....
Dow is UP 26.26% in six straight weeks
S&P 500 is UP 30.42%
Nasdaq is UP 32.2% in the same six weeks
What can we see from this stat IS :
That you were WISE to be IN the market where GAINS exceeded money market funds by several hundred %.....
Nasdaq was the best place to be which gave EXTRA 5.94% compared to Dow......in six weeks only......annualized the difference & it IS EXTRA 51.48%.......NOW we are talking serious % in difference alone.......
NOW the question IS........
IS the party OVER????
My educated & experience based answer IS......
FAR from IT.......
As I have been highlighting.....WE HAVE ONLY JUST BEGUN....
YES...there will be corrections in FAST & ORDERLY manner...
BUT
The TREND IS UP !!!!!
Just to go back to 52 wk HIGHS .....
We ARE POTENTIALLY looking @ following GAINS from Friday's close :
Dow +62.2%
S&P 500 +65.62%
Nasdaq +52.5%
These POTENTIAL gains are much much BIGGER than what we have achieved in the last six weeks.......
So.....
The bottom line IS.... that you have NOT missed MAJORITY of GAINS which COULD come as we move higher & higher......
I personally have made the ERROR of missing the BIGGEST moves because I cashed out "too quickly"...back in 1986-1987 huge move UP......
I have also made the ERROR of NOT being in the FASTEST moving strong stocks till the party was OVER...back in 1999-2000 RUNUP......Kept changing stocks with each RUNUP instead of staying PUT....
So .....How I am playing this RUNUP???
STICK with a game plan & WAIT for the BIGGEST % RUNUP which MAY be coming our way....
As you will notice... that my portfolio is NOT changing much.....either I am adding or looking for stocks which have finished basing......
This IS going to be a MULTI-YEAR bull market and you NEED to be IN right stocks.....which ARE in MANY sectors...there ARE winners & LOSERS in every sector.....
You NEED to get going in your HOMEWORK as this COULD be the OPPORTUNITY of our lifetime......
Here is my $ allocation as of Friday:
GNK 13.78%....Bulk Dry Shipping
IPI 15.84%......AG Potash
WEN 6.76%....Fast Food Restaurant
MRVL 8.94%.Component for AAPL & RIMM+++
NVDA 9.32%...Graphics & Chipset maker
PMCS 9.14%...Networking Infrastructure
PALM 7.10%...Smartphone
RIMM 29.12%..Smartphone
Good luck in your OWN due diligence & be comfortable in your $ allocations.
10 cents trades strategy should be avoided as we are looking @ SERIOUS gains already..let the market be your GUIDE not your OWN interpretations of FA or CHARTS.....
BLOG does NOT give BUY or SELL.
Saleem
Saturday, April 18, 2009
BUY rated stocks for "an ascending markets"!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
ASIA,AFFY,BRCD,ERIC,NSANY,NVTL,SNCR,
STX,TASR,EK,JOF,PHM,WEN.
BLOG does NOT give buy or sell.
Next post by 10AM Sunday.
Saleem
ASIA,AFFY,BRCD,ERIC,NSANY,NVTL,SNCR,
STX,TASR,EK,JOF,PHM,WEN.
BLOG does NOT give buy or sell.
Next post by 10AM Sunday.
Saleem
Technically STRONG stocks for "an ascending markets"!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
WNR,SONE,GROW,CYPB,SKX,CLNE,LINE,CP,
REV,RYL,HOLX,IDTI,SWIR.
BLOG does NOT give buy or sell.
Saleem
WNR,SONE,GROW,CYPB,SKX,CLNE,LINE,CP,
REV,RYL,HOLX,IDTI,SWIR.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "an ascending markets"!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
EGO,AUY,AEM,FSLR,IAG,MOS,NTRI,HES,PFWD.
BLOG does NOT give buy or sell.
Saleem
EGO,AUY,AEM,FSLR,IAG,MOS,NTRI,HES,PFWD.
BLOG does NOT give buy or sell.
Saleem
Friday, April 17, 2009
Markets @ back to back six week HIGH ....NICE !!!
Markets are certainly giving lot of "dough" to believers......
Six weeks of one way move UP is nothing compared to relentless selling of 19 months where most indices were cut more than half.....
So..we have a long way to go before we erase 19 months of downtrend......
Nothing goes UP in a straight line......
Corrections will be short lived.....
Diversify in many industry group will keep you in the game...
VIX closed @ 33.94......long way down from highs of 80 area......
Bulk dry shipping,Medical device,Techs,Retail,Home builders,Restaurants were strong.....
By 10AM Saturday...i will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Six weeks of one way move UP is nothing compared to relentless selling of 19 months where most indices were cut more than half.....
So..we have a long way to go before we erase 19 months of downtrend......
Nothing goes UP in a straight line......
Corrections will be short lived.....
Diversify in many industry group will keep you in the game...
VIX closed @ 33.94......long way down from highs of 80 area......
Bulk dry shipping,Medical device,Techs,Retail,Home builders,Restaurants were strong.....
By 10AM Saturday...i will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
DOW & S&P 500 "green" on Option Expiry day..NICE !!!
Markets are showing resiliency AGAIN...by quickly going into GREEN in DOW & S&P 500...Nasdaq is lagging so far by being in "small red".....
Option Expiry is going to be on the bull side as we finish SIX weeks back to back of GAIN in markets....
C & GE both posted better than expected & are flattish as expectations were already priced IN...
GOLD crashing to lower & lower Down another $11.10 to $868.20....
OIL UP 14 cents.....
Canadian $ slightly lower again Down 25 tick against US$.....
Portfolio is RIMM,GNK,IPI,MRVL,NVDA,PMCS,PALM,WEN.....
@ 12.03 following are among GREEN :
RIMM,GNK,WEN,AAPL,CMED,ISRG,GOOG,BIDU,
PHM,EGLE,DSX,POT,CTRN,LULU,SNE.
BLOG does NOT give buy or sell.
Saleem
Option Expiry is going to be on the bull side as we finish SIX weeks back to back of GAIN in markets....
C & GE both posted better than expected & are flattish as expectations were already priced IN...
GOLD crashing to lower & lower Down another $11.10 to $868.20....
OIL UP 14 cents.....
Canadian $ slightly lower again Down 25 tick against US$.....
Portfolio is RIMM,GNK,IPI,MRVL,NVDA,PMCS,PALM,WEN.....
@ 12.03 following are among GREEN :
RIMM,GNK,WEN,AAPL,CMED,ISRG,GOOG,BIDU,
PHM,EGLE,DSX,POT,CTRN,LULU,SNE.
BLOG does NOT give buy or sell.
Saleem
Thursday, April 16, 2009
Higher Highs on higher volume !!!!
Nasdaq pulled all the indices higher with a higher close.
Nasdaq was the-best performer by closing UP 2.68%...followed by S&P 500 then Dow.....
Volume was higher today in all indices....
More new highs on both NYSE & Nasdaq....
VIX had the lowest close in a long long time..closing @ 35.79....
GOOG reported a beat on EPS $5.16 vs $4.93 but Revenue lagged consensus by $10 million....
This is the first time that revenue @ GOOG was sequentially lower & growth Y/Y of only +6% vs traditional growth of double digits.....GOOG had RUNUP of $100 per share going into ER....so a"sell on the news is NOT surprising"GOOG ran UP $21 after ER but was trading unchanged around 8PM......
Futures are all RED.....
GE & C reports will be watched for Friday's trading plus Option expiry will be a factor also...
Most stocks were GREEN except Gold stocks in my watch list !!!!
BLOG does NOT give buy or sell.
Saleem
Nasdaq was the-best performer by closing UP 2.68%...followed by S&P 500 then Dow.....
Volume was higher today in all indices....
More new highs on both NYSE & Nasdaq....
VIX had the lowest close in a long long time..closing @ 35.79....
GOOG reported a beat on EPS $5.16 vs $4.93 but Revenue lagged consensus by $10 million....
This is the first time that revenue @ GOOG was sequentially lower & growth Y/Y of only +6% vs traditional growth of double digits.....GOOG had RUNUP of $100 per share going into ER....so a"sell on the news is NOT surprising"GOOG ran UP $21 after ER but was trading unchanged around 8PM......
Futures are all RED.....
GE & C reports will be watched for Friday's trading plus Option expiry will be a factor also...
Most stocks were GREEN except Gold stocks in my watch list !!!!
BLOG does NOT give buy or sell.
Saleem
Nasdaq leading all indices......NICE !!!!
Nasdaq is proving once again to be the place to be...UP strongly again today !!!!
JPM beat was not enough to get the markets going...as Dow is flattish.....
GE & C is next in line to report.....lot of good news is already reflected in financial stocks....
GOOG ER AH is expected to be a BEAT.....
GOLD down $12.80
Oil UP 41 cents
Canadian $ is taking a breather today...Down 24 tick against US$....
Portfolio is RIMM,GNK,IPI,PALM,MRVL,NVDA,PMCS,WEN...
@ 12.08 following are among green :
RIMM,GNK,PMCS,PALM,MU,SINA,BRCD,LULU,
BIDU,EGLE,GOOG,FWLT,EXPE,AAPL,GERN.
BLOG does NOT give buy or sell.
Saleem
JPM beat was not enough to get the markets going...as Dow is flattish.....
GE & C is next in line to report.....lot of good news is already reflected in financial stocks....
GOOG ER AH is expected to be a BEAT.....
GOLD down $12.80
Oil UP 41 cents
Canadian $ is taking a breather today...Down 24 tick against US$....
Portfolio is RIMM,GNK,IPI,PALM,MRVL,NVDA,PMCS,WEN...
@ 12.08 following are among green :
RIMM,GNK,PMCS,PALM,MU,SINA,BRCD,LULU,
BIDU,EGLE,GOOG,FWLT,EXPE,AAPL,GERN.
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 15, 2009
Rally back on track....all indices closed Green !!!
INTC lack of guidance did not deter investors from buying stocks when markets were down for third day in a row.....
Correction will be short lived as there is tremendous buying power waiting to get IN......
VIX closed @ 36.17......
Futures are flattish.....
Strong stocks @ close included :
AMTD,IBN,FXI,URE,UYG,XLF,PHM,GS,SNDA,GOOG.....
GOOG reports AH on Thursday...expecting a beat.....they do not provide guidance..just commentary on business trends.....
BLOG does NOT give buy or sell.
Saleem
Correction will be short lived as there is tremendous buying power waiting to get IN......
VIX closed @ 36.17......
Futures are flattish.....
Strong stocks @ close included :
AMTD,IBN,FXI,URE,UYG,XLF,PHM,GS,SNDA,GOOG.....
GOOG reports AH on Thursday...expecting a beat.....they do not provide guidance..just commentary on business trends.....
BLOG does NOT give buy or sell.
Saleem
Selling over..Dow & S&P 500 Green...NICE !!!!
Markets were given many negatives for trading day......
INTC no guidance...
Inflation @ multi year low....
Factory production fell 1.5%....
As these are all discounted already today..so it is having minimal effect after 2.5 hr of trading....
Market wants to go higher......2.25 day of selling IS over???
Gold is flat
OIL down 20 cents
Canadian $ is @ a new 10wk HIGH UP 75 tick against US$...NICE, NICE & very NICE$$$$
In my portfolio:
Sold SOL
Bought NVDA & added 50% more PMCS
Portfolio is RIMM,NVDA,MRVL,PMCS,IPI,GNK,WEN,PALM....
@ 12.09 following are among GREEN :
IPI,CTRN,IGT,VLO,ABX,SLV,STP,SPWRA,FSLR,MU,
GS,VAR,IBN,FWLT,MON,AGU,LDK,FXI,PHM,TOL.
BLOG does NOT give buy or sell.
Saleem
INTC no guidance...
Inflation @ multi year low....
Factory production fell 1.5%....
As these are all discounted already today..so it is having minimal effect after 2.5 hr of trading....
Market wants to go higher......2.25 day of selling IS over???
Gold is flat
OIL down 20 cents
Canadian $ is @ a new 10wk HIGH UP 75 tick against US$...NICE, NICE & very NICE$$$$
In my portfolio:
Sold SOL
Bought NVDA & added 50% more PMCS
Portfolio is RIMM,NVDA,MRVL,PMCS,IPI,GNK,WEN,PALM....
@ 12.09 following are among GREEN :
IPI,CTRN,IGT,VLO,ABX,SLV,STP,SPWRA,FSLR,MU,
GS,VAR,IBN,FWLT,MON,AGU,LDK,FXI,PHM,TOL.
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 14, 2009
2% to 3% selling in major indices.....
Markets needed a breather from frenzied runup of last five weeks......
Retail Sales & GS stock pricing gave institutions an excuse to book huge profit today...
Financials were way ahead of fundamentals ...so needed a pullback.....
INTC AH gave a beat on Sales & EPS...BUT not giving forward guidance as they are still not sure about strength in economy.INTC gave a clear indication that they have seen the low already in PC demand and their internal target is for FLAT Q/Q...which was a let down to most of us including me.....
Futures are Down as follows :
Dow Down 47.18
S&P 500 Down 4.85
Nasdaq Down 12.96
Not all news is negative...our much feared VIX actually went down on a down day...Closed @ 37.67......which IS telling me that markets are very healthy & today's heavy volume selling was just profit taking.....
Try not to chase over-extended stocks...there are thousands of stocks which are great value based on FA & TA......
Always remember.....never fall in love with any stock...FA & TA does come into play...keep checking RSI.....
Stay diversified in many sectors !!!!!
BLOG does NOT give buy or sell.
Saleem
Retail Sales & GS stock pricing gave institutions an excuse to book huge profit today...
Financials were way ahead of fundamentals ...so needed a pullback.....
INTC AH gave a beat on Sales & EPS...BUT not giving forward guidance as they are still not sure about strength in economy.INTC gave a clear indication that they have seen the low already in PC demand and their internal target is for FLAT Q/Q...which was a let down to most of us including me.....
Futures are Down as follows :
Dow Down 47.18
S&P 500 Down 4.85
Nasdaq Down 12.96
Not all news is negative...our much feared VIX actually went down on a down day...Closed @ 37.67......which IS telling me that markets are very healthy & today's heavy volume selling was just profit taking.....
Try not to chase over-extended stocks...there are thousands of stocks which are great value based on FA & TA......
Always remember.....never fall in love with any stock...FA & TA does come into play...keep checking RSI.....
Stay diversified in many sectors !!!!!
BLOG does NOT give buy or sell.
Saleem
1% loss on weak retail sales.....
Markets were dealt two negatives before open.....First pricing for GS stock sale was way lower than Monday's close....& retail sales were way weaker than expected......
Markets are trying to digest these negative items.....
Gold Down $6.60
Crude UP 13 cents
Canadian $ has been strong & it is @ highest level in 10 weeks against US$..today UP another 47 tick...very good for my financial health as I am long CAD & Short US$....
Portfolio is RIMM,GNK,IPI,WEN (added 100% more),PMCS,MRVL,SOL,PALM.....
@ 11.29 AM following are among green :
GNK,IPI,MRVL,PALM,STP,TSL,C,POT,
JRCC,WYNN,BIDU,EGLE,SPWRA,ISRG,FSLR,
NVDA,EXPE,AGU,LDK,TOL,LULU,GG,ABX,DNDN.
BLOG does NOT give buy or sell.
Saleem
Markets are trying to digest these negative items.....
Gold Down $6.60
Crude UP 13 cents
Canadian $ has been strong & it is @ highest level in 10 weeks against US$..today UP another 47 tick...very good for my financial health as I am long CAD & Short US$....
Portfolio is RIMM,GNK,IPI,WEN (added 100% more),PMCS,MRVL,SOL,PALM.....
@ 11.29 AM following are among green :
GNK,IPI,MRVL,PALM,STP,TSL,C,POT,
JRCC,WYNN,BIDU,EGLE,SPWRA,ISRG,FSLR,
NVDA,EXPE,AGU,LDK,TOL,LULU,GG,ABX,DNDN.
BLOG does NOT give buy or sell.
Saleem
Monday, April 13, 2009
Markets fought its way to mixed close !!!!
Markets were facing selling pressure from open but managed to close near break even point...a sure sign of strength...if you factor this was the result of five weeks of back to back gain.
Anytime there is a minor selling buyers wants IN.....
GS reported AH and beat the expectations handily...doing $5 Billion in stock sale to pay off TARP.....stock down $2 from close....
INTC reports AH Tuesday...expecting a beat & guide UP...which should reignite techs AGAIN...
Many stocks were green today with Financials,Shipping,Solar,Ag & online gaming were big winners.....
Futures are all bright GREEN.....
VIX stayed below 40 three days in a row ...closed @ 37.81...NICE !!!!
BLOG does NOT give buy or sell.
Saleem
Anytime there is a minor selling buyers wants IN.....
GS reported AH and beat the expectations handily...doing $5 Billion in stock sale to pay off TARP.....stock down $2 from close....
INTC reports AH Tuesday...expecting a beat & guide UP...which should reignite techs AGAIN...
Many stocks were green today with Financials,Shipping,Solar,Ag & online gaming were big winners.....
Futures are all bright GREEN.....
VIX stayed below 40 three days in a row ...closed @ 37.81...NICE !!!!
BLOG does NOT give buy or sell.
Saleem
Markets are in "no hurry to go down"
Markets are certainly giving a "clear signal" that more gains are in store....before any meaningful correction...
There was an unnecessary "hoopla" about markets going down today...but that is going to be short lived.....
Gold UP $16.80
Oil Down $2.23
Canadian $ slightly UP....21 tick higher against US$....
Portfolio is RIMM,GNK,IPI,PALM,SOL(added 50% more),MRVL,PMCS,WEN......
@ 12.46...following are among green :
RIMM,GNK,AAPL,GS,GE,KGC,SLV,POT,C,LULU,
CCJ,MA,BIDU,EGLE,LVS,SOHU,NYX,FSLR,
ISRG,GG,IBN,GOOG,AGU.
Close could be very interesting/crowded???
BLOG does NOT give buy or sell.
Saleem
There was an unnecessary "hoopla" about markets going down today...but that is going to be short lived.....
Gold UP $16.80
Oil Down $2.23
Canadian $ slightly UP....21 tick higher against US$....
Portfolio is RIMM,GNK,IPI,PALM,SOL(added 50% more),MRVL,PMCS,WEN......
@ 12.46...following are among green :
RIMM,GNK,AAPL,GS,GE,KGC,SLV,POT,C,LULU,
CCJ,MA,BIDU,EGLE,LVS,SOHU,NYX,FSLR,
ISRG,GG,IBN,GOOG,AGU.
Close could be very interesting/crowded???
BLOG does NOT give buy or sell.
Saleem
Sunday, April 12, 2009
Markets keeps "moving on UP".... !!!!
Markets have shown a "major REBOUND" since hitting new lows on March 2nd....Dow was @ 6469.95....Friday we closed @ 8083.38 an increase of 1613.43 or +24.94% in a span of 5 weeks.
Nasdaq low was 1265.52...it closed @ 1652.54 UP 387.02 or 30.58% in a short 5 weeks......
Why markets are showing this kind of resiliency all of a sudden....????
Because Markets can clearly see that economy worldwide has seen the low point and it IS on the verge of turning UP......
Some traders/investors are extremely nervous because they either MISSED the whole RUNUP or are afraid that markets are ready to DROP......
What traders/investors are missing that Nasdaq has only recovered 387 points of 898 points drop...so another move UP of 511 points or 30.91% will brings us to where we were a year ago...when economy had shown signs of coming deep recession......
Markets are clearly setting UP to surpass 52 week highs on all indices and will go beyond & make new 52 week highs in time......
Nasdaq was @ 4696.69. in Feb 2000.......so in 9 long years..Nasdaq has lost 3044.15 points or <184.21%>......Now all of a sudden our 5 week gain of 30.91% does NOT look too high @ all....
It is important to keep numbers/gain in perspective & always look to history for real answers.
So the bottom line is ..."that we have only just begun"......
This market MAY well turn out to be "the biggest bull market in history even surpassing Y2k frenzy when it is all over.....next 10 years COULD be the-best time to be in markets......it has happened before & it WILL happen AGAIN.......history has a tendency of REPEATING itself over & over.....both UPS & DOWNS......
So it will not be WISE to be entrenched in past negativity & lose the biggest opportunity of our lifetime.....
US,China are giving clear sign of economy turning UP......which will turn the world economy in a growth mode AGAIN !!!!!
So where are the biggest idea to gain from this picture.......
It IS in a well diversified portfolio covering many sectors.....Techs,Financials,Ag,Bulk Dry Shipping,Commodities,Solar,Infrastructure,Oil,.... to name a few......
Some key companies are reporting this week like INTC,GOOG,JPM,C.....which will set the tone for future recovery in Sales & EPS.....
So....please do your OWN due diligence ensuring your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
Nasdaq low was 1265.52...it closed @ 1652.54 UP 387.02 or 30.58% in a short 5 weeks......
Why markets are showing this kind of resiliency all of a sudden....????
Because Markets can clearly see that economy worldwide has seen the low point and it IS on the verge of turning UP......
Some traders/investors are extremely nervous because they either MISSED the whole RUNUP or are afraid that markets are ready to DROP......
What traders/investors are missing that Nasdaq has only recovered 387 points of 898 points drop...so another move UP of 511 points or 30.91% will brings us to where we were a year ago...when economy had shown signs of coming deep recession......
Markets are clearly setting UP to surpass 52 week highs on all indices and will go beyond & make new 52 week highs in time......
Nasdaq was @ 4696.69. in Feb 2000.......so in 9 long years..Nasdaq has lost 3044.15 points or <184.21%>......Now all of a sudden our 5 week gain of 30.91% does NOT look too high @ all....
It is important to keep numbers/gain in perspective & always look to history for real answers.
So the bottom line is ..."that we have only just begun"......
This market MAY well turn out to be "the biggest bull market in history even surpassing Y2k frenzy when it is all over.....next 10 years COULD be the-best time to be in markets......it has happened before & it WILL happen AGAIN.......history has a tendency of REPEATING itself over & over.....both UPS & DOWNS......
So it will not be WISE to be entrenched in past negativity & lose the biggest opportunity of our lifetime.....
US,China are giving clear sign of economy turning UP......which will turn the world economy in a growth mode AGAIN !!!!!
So where are the biggest idea to gain from this picture.......
It IS in a well diversified portfolio covering many sectors.....Techs,Financials,Ag,Bulk Dry Shipping,Commodities,Solar,Infrastructure,Oil,.... to name a few......
Some key companies are reporting this week like INTC,GOOG,JPM,C.....which will set the tone for future recovery in Sales & EPS.....
So....please do your OWN due diligence ensuring your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, April 10, 2009
BUY rated stocks for "a very strong TAPE"!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
AMTD,AMZN,DELL,GOOG,HA,HLIT,HOGS,JBLU,
JDSU,LOGI,LULU,NTRI,NVLS,OTEX,PMCS,QCOM,
QLGC,SINA,SOHU,TASR,ZRAN,ARO,AVP,CNQ,CY,
HST,IBN,LDK,MA,MU,NYX,TSL,TSM,WEN,WGO.
BLOG does NOT give buy or sell.
Next post by 10AM Sunday.
Saleem
AMTD,AMZN,DELL,GOOG,HA,HLIT,HOGS,JBLU,
JDSU,LOGI,LULU,NTRI,NVLS,OTEX,PMCS,QCOM,
QLGC,SINA,SOHU,TASR,ZRAN,ARO,AVP,CNQ,CY,
HST,IBN,LDK,MA,MU,NYX,TSL,TSM,WEN,WGO.
BLOG does NOT give buy or sell.
Next post by 10AM Sunday.
Saleem
Technically STRONG stocks for "a very strong TAPE"!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
RIMM,PALM,SMSI,PTRY,BAC,IBI,TWIN,
PKY,SSRX,KAI,WFC,BBD,NYB,TCB,FAF,
DVR,GAIN,PFS,INT,RMG,ULBI,INET,CMN.
BLOG does NOT give buy or sell.
Saleem
RIMM,PALM,SMSI,PTRY,BAC,IBI,TWIN,
PKY,SSRX,KAI,WFC,BBD,NYB,TCB,FAF,
DVR,GAIN,PFS,INT,RMG,ULBI,INET,CMN.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a very strong TAPE"!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
KGC,AUY,AEM,CEF,RNOW,JOF,COCO,
SLV,DUG,JAG.
BLOG does NOT give buy or sell.
Saleem
KGC,AUY,AEM,CEF,RNOW,JOF,COCO,
SLV,DUG,JAG.
BLOG does NOT give buy or sell.
Saleem
Thursday, April 9, 2009
Higher HIGHS on high volume......
Markets were strong @ the end of 5th week of solid gain back to back.....
Volume was high & above average for a holiday shortened week.......for some it was not possible but when markets wants to go higher "smart money moves IN few minutes before long weekend"...as they say "it IS different this time"
VIX closed @ 36.53 down 5.97%...lowest close in a long Long time...again back to back close below much dreaded 40.....
Financials were flying HIGH today thanks to WFC......IF banks can BEAT analyst expectations handily...can you imagine what other sectors CAN DO !!!!!
By 10AM Friday I will post list of technically weak/strong/buy rated stocks !!!
BLOG does NOT give buy or sell.
Enjoy Easter with family & friends !!!
Saleem
Volume was high & above average for a holiday shortened week.......for some it was not possible but when markets wants to go higher "smart money moves IN few minutes before long weekend"...as they say "it IS different this time"
VIX closed @ 36.53 down 5.97%...lowest close in a long Long time...again back to back close below much dreaded 40.....
Financials were flying HIGH today thanks to WFC......IF banks can BEAT analyst expectations handily...can you imagine what other sectors CAN DO !!!!!
By 10AM Friday I will post list of technically weak/strong/buy rated stocks !!!
BLOG does NOT give buy or sell.
Enjoy Easter with family & friends !!!
Saleem
mini battle for Dow 8K continues....Rally Continues $$$
Markets are trying to convince scared skeptics that "this rally is a real thing"
Economic news & profit picture is "improving RAPIDLY"
Consumer confidence is increasing with real stat like "home sales & Y/Y same store sales"
Gold Down $5.50..as risk aversion is going from markets...as RISK taking is GOOD$$$
Oil UP $1.83...as economic growth is all set to resume.....
Canadian $ UP 85 tick against US$ as trade numbers were "positive instead of negative"..jobless rate moved UP to 8%.....job loss was 61,000
Portfolio RIMM,GNK,IPI,SOL,MRVL,PALM,PMCS.....
Most stocks are UP based on Wells Fargo fast improving profit picture.....
VIX currently 37.61 down 3.19%...lowest number back to back.....
BLOG does NOT give buy or sell.
Saleem
Economic news & profit picture is "improving RAPIDLY"
Consumer confidence is increasing with real stat like "home sales & Y/Y same store sales"
Gold Down $5.50..as risk aversion is going from markets...as RISK taking is GOOD$$$
Oil UP $1.83...as economic growth is all set to resume.....
Canadian $ UP 85 tick against US$ as trade numbers were "positive instead of negative"..jobless rate moved UP to 8%.....job loss was 61,000
Portfolio RIMM,GNK,IPI,SOL,MRVL,PALM,PMCS.....
Most stocks are UP based on Wells Fargo fast improving profit picture.....
VIX currently 37.61 down 3.19%...lowest number back to back.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 8, 2009
Market fought fed minutes negativity by closing GREEN !!!!
Markets showed real strength by ignoring fed minutes of weak economic picture.....
All index closed Green....Nasdaq was the-strongest....
VIX closed @ 38.85...lowest close in a long time......
EXM had good ER AH...sharply higher UP 19%....Bulk dry shipping stocks all higher in sympathy !!!!
Futures are flat.....
Among the strong stocks were:
RIMM,IPI,MRVL,GNK,PMCS,LULU,BIDU,
CMED,ISRG,FSLR,LDK,TSL,POT,MON,IBN,
NYX,NDAQ,AMTD,NVDA,AAPL,GOOG.....
BLOG does NOT give buy or sell.
Saleem
All index closed Green....Nasdaq was the-strongest....
VIX closed @ 38.85...lowest close in a long time......
EXM had good ER AH...sharply higher UP 19%....Bulk dry shipping stocks all higher in sympathy !!!!
Futures are flat.....
Among the strong stocks were:
RIMM,IPI,MRVL,GNK,PMCS,LULU,BIDU,
CMED,ISRG,FSLR,LDK,TSL,POT,MON,IBN,
NYX,NDAQ,AMTD,NVDA,AAPL,GOOG.....
BLOG does NOT give buy or sell.
Saleem
Rally RESUMES..Nasdaq leading the pack !!!!
Markets are in GREEN with Nasdaq moving UP the-most.....
Much dreaded AA ER was a non-event as usual.....
OIL is UP.....$1.48....inventory was a non-event...
Gold UP $5.10
Canadian $ UP slightly UP 15 tick...Canadian Jobs report is out on Thursday AM ..job loss of 90,000 expected unemployment to rise 8.2%
Portfolio RIMM,IPI,GNK,PMCS,PALM,SOL,MRVL.....
@ 12.13 following are among GREEN :
RIMM,IPI,MRVL,GNK,TSL,POT,LULU,CCJ,
BIDU,SOHU,NYX,CMED,FSLR,ISRG,IBN,
GOOG,FWLT,MON.
BLOG does NOT give buy or sell.
Saleem
Much dreaded AA ER was a non-event as usual.....
OIL is UP.....$1.48....inventory was a non-event...
Gold UP $5.10
Canadian $ UP slightly UP 15 tick...Canadian Jobs report is out on Thursday AM ..job loss of 90,000 expected unemployment to rise 8.2%
Portfolio RIMM,IPI,GNK,PMCS,PALM,SOL,MRVL.....
@ 12.13 following are among GREEN :
RIMM,IPI,MRVL,GNK,TSL,POT,LULU,CCJ,
BIDU,SOHU,NYX,CMED,FSLR,ISRG,IBN,
GOOG,FWLT,MON.
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 7, 2009
Low volume selling today ????
Volume was low in all indices...a very good sign !!!!
Selling MAY be coming to an end?
Wednesday close should be interesting.....
AH ER of AA & MOS was below consensus....
MOS Down almost $3...putting pressure on all AG stocks.....
AA Down 24 cents....
Added 50% more PMCS in my portfolio.....no other changes in my portfolio !!!!
RIMM was featured in IBD Big Cap top 20 stock today as their number 1 rated stock....NICE !!!
It is great to have fundamental & technical going hand in hand ...which IS the case with RIMM$$$$$
Would you believe it..that VIX actually closed DOWN in this selling ....now @ 40.39 down 1.32% today????
Futures are all lit UP in GREEN.....$$$$$
BLOG does NOT give buy or sell.
Saleem
Selling MAY be coming to an end?
Wednesday close should be interesting.....
AH ER of AA & MOS was below consensus....
MOS Down almost $3...putting pressure on all AG stocks.....
AA Down 24 cents....
Added 50% more PMCS in my portfolio.....no other changes in my portfolio !!!!
RIMM was featured in IBD Big Cap top 20 stock today as their number 1 rated stock....NICE !!!
It is great to have fundamental & technical going hand in hand ...which IS the case with RIMM$$$$$
Would you believe it..that VIX actually closed DOWN in this selling ....now @ 40.39 down 1.32% today????
Futures are all lit UP in GREEN.....$$$$$
BLOG does NOT give buy or sell.
Saleem
Less than 2% pullback .....so far !!!!
Markets are digesting huge gains....
Pullback is normal & should be viewed as "buying opportunity"
Gold UP $12.40 after huge selling...
OIL Down $1.22.....on inventory build up fear.....
Canadian $ UP slightly +32 tick
AA ER is AH...first to report but never a bellwether???
Banks are again in focus in selling....
Portfolio RIMM,GNK,IPI,PALM,MRVL,SOL,PMCS....
Only Gold stocks are UP in my watch list.....rest is RED...
BLOG does NOT give buy or sell.
Saleem
Pullback is normal & should be viewed as "buying opportunity"
Gold UP $12.40 after huge selling...
OIL Down $1.22.....on inventory build up fear.....
Canadian $ UP slightly +32 tick
AA ER is AH...first to report but never a bellwether???
Banks are again in focus in selling....
Portfolio RIMM,GNK,IPI,PALM,MRVL,SOL,PMCS....
Only Gold stocks are UP in my watch list.....rest is RED...
BLOG does NOT give buy or sell.
Saleem
Monday, April 6, 2009
Nice Recovery in averages by close !!!!!
Markets pulled back by less than 1%.....not bad after major gains for 4 days back to back.....
VIX closed @ 40.93 on a down day.....
Gaming,techs,Solar were green.....
There were 14 new 52 wk highs on Nasdaq none on NYSE......techs remain the strongest index..
Among the green were :
RIMM,PALM,SOL,TSL,LDK,FSLR,CMED,ISRG,
AAPL,LVS,GERN,WYNN,SOHU,VAR,F.
BLOG does NOT give buy or sell.
Saleem
VIX closed @ 40.93 on a down day.....
Gaming,techs,Solar were green.....
There were 14 new 52 wk highs on Nasdaq none on NYSE......techs remain the strongest index..
Among the green were :
RIMM,PALM,SOL,TSL,LDK,FSLR,CMED,ISRG,
AAPL,LVS,GERN,WYNN,SOHU,VAR,F.
BLOG does NOT give buy or sell.
Saleem
Pullback IS a BUYING opportunity !!!
Markets are down near 2%......
These pullbacks are excellent opportunity to position your portfolio in strong sectors.
Gold is crashing...Down $25.20 to $870.40.....
Oil is down $1.85
Canadian $ is down 75 tick against US$.....
IBM walked away from JAVA deal.....
F is reducing debt and is UP sharply !!!!
Portfolio is RIMM,SOL (added 50% more on Friday),PALM,GNK,IPI,MRVL,PMCS....
@12.08 following are among green:
F,RIMM,SOL,PALM,TSL,WYNN,MA,LVS,SOHU,
FSLR,ISRG,SGP,GERN.
BLOG does NOT give buy or sell.
Saleem
These pullbacks are excellent opportunity to position your portfolio in strong sectors.
Gold is crashing...Down $25.20 to $870.40.....
Oil is down $1.85
Canadian $ is down 75 tick against US$.....
IBM walked away from JAVA deal.....
F is reducing debt and is UP sharply !!!!
Portfolio is RIMM,SOL (added 50% more on Friday),PALM,GNK,IPI,MRVL,PMCS....
@12.08 following are among green:
F,RIMM,SOL,PALM,TSL,WYNN,MA,LVS,SOHU,
FSLR,ISRG,SGP,GERN.
BLOG does NOT give buy or sell.
Saleem
Sunday, April 5, 2009
New BULL market has begun !!!!
Markets are responding to the following positives :
-President Obama & his team on MANY QUICK/TIMELY initiatives...
-TARP funding of everything....
-Mark to MODEL accounting for Banks....
-Interest rates for mortgages below 5%....
-G20 funding of $1 trillion in new support for struggling economies....
-G20 resolve to contain hedge funds & oversight of all financial institutions....
-Stimulus package of $800 billion in US
-Stimulus package of almost $700 billion in China.
-Worldwide interest rates are near all-time lows.....
-Economy showing sign of life in US,Europe & China....
-Uptick rule being restored
All of the above have created a market which IS healthy and has moved UP by 24.82% in Dow,26.82% in S&P 500 & strongest of all Nasdaq 28.26%.....from Lows in March !!!!
So....
How high can we go !!!!
As this bear market was the worst since depression...so we should look BEYOND average recovery..means HIGHER than average return from LOWS.....
Here is the AVERAGE return on Dow from bear market lows since 1929 :
1 year 55.62%
3 year 77.56%
5 year 103.41%
I have an OPINION....... that this time around the % gain in each of the time period MAY be as much as DOUBLE of listed above......
So as a very famous song says....
WE HAVE ONLY JUST BEGUN.......
So what looks the-best in terms of opportunity which will even OUTPACE the average HYPER return.....???
It is the Technology sector.....
Technology remained healthy with lots of cash & debt free...they are also the-most productive...
Try to compare that with any other industry.....
Technology also will be the FIRST to increase Sales & EPS with growing demand..as CHIPS are in everything from Autos to Ships ......
Most technology FRONT LINE stocks are trading near lowest PE in 3 years some as low as 1/3rd ......so with time there is a CHANCE that TECHS MAY TRIPLE going forward.....
There is $300 trillion sitting in money market earning almost 0%...ready to jump back in stocks as confidence is built in markets.......IMAGINE that...it will be very CROWDED @ entry point in most QUALITY stocks......
Try to stay with leaders in each sector in a industry-wide diversified mode.....
Here is some attractive names with PE based on 2010 which I own OR looking @ taken from MSN Moneycentral :
RIMM..... 13.38 2/11
AAPL......19.76 9/10
GOOG.....17.73 12/10
GNK.......4.64
IPI.........6.91
AGU.......5.80
POT.......6.82
CMED.....7.59..3/10
SOL.......8.35
You can do the same analysis as above on many other stocks with excellent results going forward.....
I will strongly urge you.....to ensure your OWN comfort level with your OWN due diligence ALWAYS......
YES...there will be profit taking & PULLBACKS along the way...
BUT....
TREND IS YOUR FRIEND !!!!
BLOG does NOT give buy or sell.
Saleem
-President Obama & his team on MANY QUICK/TIMELY initiatives...
-TARP funding of everything....
-Mark to MODEL accounting for Banks....
-Interest rates for mortgages below 5%....
-G20 funding of $1 trillion in new support for struggling economies....
-G20 resolve to contain hedge funds & oversight of all financial institutions....
-Stimulus package of $800 billion in US
-Stimulus package of almost $700 billion in China.
-Worldwide interest rates are near all-time lows.....
-Economy showing sign of life in US,Europe & China....
-Uptick rule being restored
All of the above have created a market which IS healthy and has moved UP by 24.82% in Dow,26.82% in S&P 500 & strongest of all Nasdaq 28.26%.....from Lows in March !!!!
So....
How high can we go !!!!
As this bear market was the worst since depression...so we should look BEYOND average recovery..means HIGHER than average return from LOWS.....
Here is the AVERAGE return on Dow from bear market lows since 1929 :
1 year 55.62%
3 year 77.56%
5 year 103.41%
I have an OPINION....... that this time around the % gain in each of the time period MAY be as much as DOUBLE of listed above......
So as a very famous song says....
WE HAVE ONLY JUST BEGUN.......
So what looks the-best in terms of opportunity which will even OUTPACE the average HYPER return.....???
It is the Technology sector.....
Technology remained healthy with lots of cash & debt free...they are also the-most productive...
Try to compare that with any other industry.....
Technology also will be the FIRST to increase Sales & EPS with growing demand..as CHIPS are in everything from Autos to Ships ......
Most technology FRONT LINE stocks are trading near lowest PE in 3 years some as low as 1/3rd ......so with time there is a CHANCE that TECHS MAY TRIPLE going forward.....
There is $300 trillion sitting in money market earning almost 0%...ready to jump back in stocks as confidence is built in markets.......IMAGINE that...it will be very CROWDED @ entry point in most QUALITY stocks......
Try to stay with leaders in each sector in a industry-wide diversified mode.....
Here is some attractive names with PE based on 2010 which I own OR looking @ taken from MSN Moneycentral :
RIMM..... 13.38 2/11
AAPL......19.76 9/10
GOOG.....17.73 12/10
GNK.......4.64
IPI.........6.91
AGU.......5.80
POT.......6.82
CMED.....7.59..3/10
SOL.......8.35
You can do the same analysis as above on many other stocks with excellent results going forward.....
I will strongly urge you.....to ensure your OWN comfort level with your OWN due diligence ALWAYS......
YES...there will be profit taking & PULLBACKS along the way...
BUT....
TREND IS YOUR FRIEND !!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, April 4, 2009
BUY rated stocks for " a NEW bull market"!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
CMED,INSP,JBLU,NTAP,PMCS,ZOLT,CRUS,CRM,
F,HST,MA,NAT,VLO,JEF,BKC.
Next post by 10AM Sunday !!!!
BLOG does NOT give buy or sell.
Saleem
CMED,INSP,JBLU,NTAP,PMCS,ZOLT,CRUS,CRM,
F,HST,MA,NAT,VLO,JEF,BKC.
Next post by 10AM Sunday !!!!
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for " a NEW bull market"!!!
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
SMCI,SSL,SRE,BTM,CEL,VLCM,GMKT,DLLR,
IIF,DGII,USMO,CRXL.
BLOG does NOT give buy or sell.
Saleem
SMCI,SSL,SRE,BTM,CEL,VLCM,GMKT,DLLR,
IIF,DGII,USMO,CRXL.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for " a NEW bull market"!!!
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
AUY,JAG,SYT,FTO,YHOO,TRA,NCTY,NVEC,FLR.
BLOG does NOT give buy or sell.
Saleem
AUY,JAG,SYT,FTO,YHOO,TRA,NCTY,NVEC,FLR.
BLOG does NOT give buy or sell.
Saleem
Friday, April 3, 2009
Dow @ 8,017 & VIX @ 39.70....YES !!!!
G20 gave huge boost to investors confidence......
Market kept making higher HIGHS....
VIX finally crumbled below 40 to 39.70....
NYSE had 1 new 52 wk high & Nasdaq had 10......
We are UP 4 week in a row...very NICE !!!!
Techs & markets are CLIMBING against "wall of economic worries"
By 10 AM Saturday ..I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Market kept making higher HIGHS....
VIX finally crumbled below 40 to 39.70....
NYSE had 1 new 52 wk high & Nasdaq had 10......
We are UP 4 week in a row...very NICE !!!!
Techs & markets are CLIMBING against "wall of economic worries"
By 10 AM Saturday ..I will post a list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Nasdaq GREEN Again...NICE !!!!
Horrendous jobs report put a dent in market sentiment.....but NASDAQ fought its way back to GREEN....
Tape is showing major resiliency which IS a sign of good things to come.....as they say NEVER FIGHT the TAPE.....
Gold Down $7.80
Oil Down 27 cents
Gold is taking a beating because G20 authorized $1 trillion in assistance which will be met through a major Gold bullion sale by IMF....Gold prices will under severe pressure all through summer FWIW
Portfolio is RIMM,PALM( new 52 wk high today),GNK,IPI,
PMCS (added 100% yesterday), MRVL ( added 100% today),SOL.....
@ 12.56 following are among green :
RIMM (price target increased by many...highest $80),PALM,GNK,IPI,MRVL,
SINA,V,POT,ICE,IGT,JRCC,NDAQ,WYNN,MA,BIDU,SOHU,CMED,NYX,
GS,GOOG,AAPL,AGU,NVDA.
PS....post was delayed due to a friends long distance call.
BLOG does NOT give buy or sell.
Saleem
Tape is showing major resiliency which IS a sign of good things to come.....as they say NEVER FIGHT the TAPE.....
Gold Down $7.80
Oil Down 27 cents
Gold is taking a beating because G20 authorized $1 trillion in assistance which will be met through a major Gold bullion sale by IMF....Gold prices will under severe pressure all through summer FWIW
Portfolio is RIMM,PALM( new 52 wk high today),GNK,IPI,
PMCS (added 100% yesterday), MRVL ( added 100% today),SOL.....
@ 12.56 following are among green :
RIMM (price target increased by many...highest $80),PALM,GNK,IPI,MRVL,
SINA,V,POT,ICE,IGT,JRCC,NDAQ,WYNN,MA,BIDU,SOHU,CMED,NYX,
GS,GOOG,AAPL,AGU,NVDA.
PS....post was delayed due to a friends long distance call.
BLOG does NOT give buy or sell.
Saleem
Thursday, April 2, 2009
Heavy volume & higher HIGHS...Very NICE !!!!
Markets are doing what comes naturally.....prove skeptics wrong.... again & again.....
Today's rally was on heavy volume in all indices..a sign that buying is gaining momentum.....
There were many new 52 wk highs 11 on NYSE & 26 on Nasdaq.....so Nasdaq new high list is leading other indices by 2.36 to 1...a great stat to stay focused.....
AH RIMM beat EPS consensus by 6 cents 90 cents vs 84 cents expected & higher revenue also....guidance was way stronger than consensus predicting 11 cents better EPS for Q1 which ends in May... 93 cents vs consensus of 82 cents....margins are being guided higher than consensus 43% to 44%....revenue guiding higher also....
RIMM ER is very impressive as 70% of new subscribers are coming from non-enterprise category...popularly known as consumers/retail customers...so wall street/banking purchasers are not making a difference in EPS growth as championed by many highly paid analysts..notably Credit Suisse & J.P.Morgan who had $37 & $40 targets and sell rating on RIMM....I hope their short position will get them bonus ????
RIMM AH last bid is $60.40 UP $14.86 on the day......
AH Futures are Green...so another higher open !!!!
G20 meeting saw real progress on stimulating world economy & helping struggling countries with assistance...this meeting was a "turning point" in kick starting world trade...no protectionism as agreed !!!!!
World is seeing Fundamental shift in economic picture with China showing first improvement in their PMI (purchasing managers index) in a long time.....
Many investors/traders will have tough time accepting this fundamental shift.....but that is how it goes @ early stage...
BLOG does NOT give buy or sell.
Saleem
Today's rally was on heavy volume in all indices..a sign that buying is gaining momentum.....
There were many new 52 wk highs 11 on NYSE & 26 on Nasdaq.....so Nasdaq new high list is leading other indices by 2.36 to 1...a great stat to stay focused.....
AH RIMM beat EPS consensus by 6 cents 90 cents vs 84 cents expected & higher revenue also....guidance was way stronger than consensus predicting 11 cents better EPS for Q1 which ends in May... 93 cents vs consensus of 82 cents....margins are being guided higher than consensus 43% to 44%....revenue guiding higher also....
RIMM ER is very impressive as 70% of new subscribers are coming from non-enterprise category...popularly known as consumers/retail customers...so wall street/banking purchasers are not making a difference in EPS growth as championed by many highly paid analysts..notably Credit Suisse & J.P.Morgan who had $37 & $40 targets and sell rating on RIMM....I hope their short position will get them bonus ????
RIMM AH last bid is $60.40 UP $14.86 on the day......
AH Futures are Green...so another higher open !!!!
G20 meeting saw real progress on stimulating world economy & helping struggling countries with assistance...this meeting was a "turning point" in kick starting world trade...no protectionism as agreed !!!!!
World is seeing Fundamental shift in economic picture with China showing first improvement in their PMI (purchasing managers index) in a long time.....
Many investors/traders will have tough time accepting this fundamental shift.....but that is how it goes @ early stage...
BLOG does NOT give buy or sell.
Saleem
Higher HIGHS above RESISTANCE....NICE !!!
Markets are marching UP to its OWN beat..NO thanks to technicians who are scared of heights???
We are piercing through MANY so-called resistance as pointed by pointers who claim to know more???
So..... where is the next resistance..stay tuned to CNBC for that word of non-wisdom...
I say TREND is your FRIEND $$$$
Gold Down $22.70
Oil UP $3.79
Canadian $ UP 1.45 cents against US$..HUGE move UP for a change.....
Portfolio is RIMM,GNK,IPI,PALM ( added 125% more today),PMCS,MRVL,SOL ( old love is bought @ open)...Subject to Sale !!!!
Most stocks are UP ....
BLOG does NOT give buy or sell.
Saleem
We are piercing through MANY so-called resistance as pointed by pointers who claim to know more???
So..... where is the next resistance..stay tuned to CNBC for that word of non-wisdom...
I say TREND is your FRIEND $$$$
Gold Down $22.70
Oil UP $3.79
Canadian $ UP 1.45 cents against US$..HUGE move UP for a change.....
Portfolio is RIMM,GNK,IPI,PALM ( added 125% more today),PMCS,MRVL,SOL ( old love is bought @ open)...Subject to Sale !!!!
Most stocks are UP ....
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 1, 2009
Strong tape on negative ADP job report.....
Markets were predicting a "down day " after close last night based on futures.....
8.30 ADP Job report did not help the negative sentiment......
Selling also started because we were in Q2 so there was no perceived buying @ all.....
All of the above negative gave us a quick triple digit loss to the delight of sellers/shorts.....
BUT.....
Q2 started a NEW window dressing session as trillions are waiting on the sidelines for entry points.....
Day ended with a respectable close of GREEN all over.....
Nasdaq had the least of % gain for a change...but the volume was higher than yesterday...which is a great sign of things to come......
EXM got waiver & credit extended till 2016.....should help Bulk Dry Shippers on Thursday !!!!
Before open MON reports which will affect all AG....
AH RIMM reports which will affect all Techs.....
BLOG does NOT give buy or sell.
Saleem
8.30 ADP Job report did not help the negative sentiment......
Selling also started because we were in Q2 so there was no perceived buying @ all.....
All of the above negative gave us a quick triple digit loss to the delight of sellers/shorts.....
BUT.....
Q2 started a NEW window dressing session as trillions are waiting on the sidelines for entry points.....
Day ended with a respectable close of GREEN all over.....
Nasdaq had the least of % gain for a change...but the volume was higher than yesterday...which is a great sign of things to come......
EXM got waiver & credit extended till 2016.....should help Bulk Dry Shippers on Thursday !!!!
Before open MON reports which will affect all AG....
AH RIMM reports which will affect all Techs.....
BLOG does NOT give buy or sell.
Saleem
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