Friday, August 28, 2009

Market digesting consumer "sour mood".....

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
at

12 comments:

  1. standardshighAugust 28, 2009 at 9:40 AM

    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

    ReplyDelete
  2. Stocks100August 28, 2009 at 9:48 AM

    Hi Standards,

    Thanks for your feedback.

    Yes...Tech & Semiconductors will beat all estimates going forward..they are managing expectations very well.

    Saleem

    ReplyDelete
  3. madmaxAugust 28, 2009 at 10:28 AM

    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

    ReplyDelete
  4. Stocks100August 28, 2009 at 10:33 AM

    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

    ReplyDelete
  5. madmaxAugust 28, 2009 at 12:34 PM

    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

    ReplyDelete
  6. Stocks100August 28, 2009 at 12:50 PM

    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

    ReplyDelete
  7. standardshighAugust 28, 2009 at 1:04 PM

    Hi Saleem,

    Baltic Dry Index (BDI) -4 2421

    Best Regards

    ReplyDelete
  8. Stocks100August 28, 2009 at 1:06 PM

    Hi Standards,

    Thanks for BDI info.

    Saleem

    ReplyDelete
  9. MichaelAugust 28, 2009 at 1:48 PM

    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

    ReplyDelete
  10. Stocks100August 28, 2009 at 2:10 PM

    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

    ReplyDelete
  11. madmaxAugust 28, 2009 at 2:28 PM

    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

    ReplyDelete
  12. Stocks100August 28, 2009 at 5:05 PM

    Hi Madmax,

    Thanks for posting fast money trades as per IBD.....

    Saleem

    ReplyDelete