Consumer confidence hit four month low & market is reacting .....
Today & Monday will see end of the month buying.....
Market has buying support.....@ least until Monday close.....
Gold Up $11.50
Oil UP 71 cents
Canadian $ down 13 tick as Canadian account deficit swells to C$11.2 Billion...same as trade deficit.....value of export down due to lower prices on Oil,Commodities....
Portfolio is POT,SOL,RIMM.......
@ 12.11 following are green in my watch list :
SOL,RIMM,AAPL,MRVL,GG,SLW,PALM,NVDA,
RCI,CIT,FNM,C,STP,TSL.
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi Saleem,
Always look forward to your commentary and analysis. Keep up the good work! :)
There is talk about the semiconductors having a banner year in 2010. Let's hope.
Best Regards
Hi Standards,
Thanks for your feedback.
Yes...Tech & Semiconductors will beat all estimates going forward..they are managing expectations very well.
Saleem
Lots of talk about INTEl and APPLE in hte news!
THis is looking well as the market bases
The financials continue to be on fire
CITI, FNM, AGI
GE is hovering at $14
best regards to all
Hi Madmax,
Many stocks have HIGH risk profile...some like it..i do not.
I like to have low stress in my trading...which is not easy ..but still like to try....
AAPL,GE....are good long term hold...BUT can be had @ better price in few weeks......
Saleem
SALEEM
I am holding some dry powder in anticipation of a sell off.
Looks like to day is a red day??
My CITI and FNM are still climbing up
I am saddened by POT sell off
regards
Hi Madmax,
POT goes through these routine news driven selling..but it always comes back to challenge $100 area.
I am glad that C & FNM is giving you GREEN....
Always have a well defined "sell strategy"
Saleem
Hi Saleem,
Baltic Dry Index (BDI) -4 2421
Best Regards
Hi Standards,
Thanks for BDI info.
Saleem
Hi Saleem,
Our SOL behaved good lately. Hopefully, it will lead higher.
Standards, Thanks for the BDI info. What is your thoughts on the BDI trend? Will it be reversed soon? Thanks.
Michael
Hi Michael,
SOL trading pattern has changed completely....NOW it is small step each day..which is better technically.....this establishes a strong base & defined uptrend.
Patience is virtue sometimes.....
Saleem
IBD fast money:
of the Day: Accelerating Fund Ownership
Symbol Company Name Overall
Rating Num of Funds
Lst Rptd Qtr Additional
Research
MDAS Medassets Inc 99 109
SWM Schweitzer Mauduit Intl 99 89
CREE Cree Inc 98 129
DISCK Discovery Com Inc Cl C 98 81
PEGA Pegasystems Inc 98 77
CRI Carters Inc 97 140
CAB Cabelas Inc 97 91
NTES Netease.Com Inc Adr 97 87
ASIA Asiainfo Holdings Inc 97 77
ARST Arcsight Inc 97 61
ENDP Endo Pharmaceuticals Hdg 96 196
DWA Dreamworks Animation Skg 96 149
INT World Fuel Services Corp 96 139
MXB M S C I Inc Cl A 96 134
QSII Quality Systems Inc 96 133
VMW Vmware Inc Cl A 96 108
CPA Copa Holdings Sa 96 83
LINC Lincoln Educational Svcs 96 71
BBD Banco Bradesco Sa Adr 96 62
LL Lumber Liquidators Inc 96 61
UHS Universal Health Svcs B 95 176
RBC Regal Beloit Corp 95 165
CPLA Capella Education Co 94 137
HMSY H M S Holdings Corp 93 136
SFLY Shutterfly Inc 93 56
BHP B H P Billiton Ltd Adr 92 123
HSIC Henry Schein Inc 91 197
VOD Vodafone Group Plc Adr 91 160
HEW Hewitt Associates Cl A 90 169
CXO Concho Resources Inc 90 166
MDC M D C Holdings Inc 90 120
BECN Beacon Roofing Supply 90 116
SHOO Steven Madden Limited 90 90
ORN Orion Marine Group Inc 90 66
Hi Madmax,
Thanks for posting fast money trades as per IBD.....
Saleem
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