Following stocks are flashing "buy signal".Please do your OWN due diligence by checking FA/TA/TAPE.
SABA,CREL,CDCS,ERES,NANO,RVSN,VNUS,EL,IM,
NNA,CNK,BBBY,CNXT,ISSI,MIPS,MSTR,MYL,HPQ,
GAS,IBM,TTM,TM.
Next post Sunday by 10 AM.
BLOG does NOT give buy or sell.
Saleem
Saturday, October 31, 2009
Friday, October 30, 2009
All indices below 50 DMA.......
Technically markets are struggling .....UP 200 Down 250......
All indices are selling off with tremendous velocity......
Major retracement in most stocks.....
VIX went UP 23.95% today...a sign of fear to the extremes...you know what happens when we reach extreme levels of FEAR or GREED...it reverses in a hurry.....
In my portfolio :
SOLD HL
SOLD PIR
SOLD BAC
Bought more TSL near close @ $32.78 ..2nd purchase of the day.....now my largest position....
Portfolio is AUY,COMS,GNK,MRVL,TSL........
By 10 AM Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
All indices are selling off with tremendous velocity......
Major retracement in most stocks.....
VIX went UP 23.95% today...a sign of fear to the extremes...you know what happens when we reach extreme levels of FEAR or GREED...it reverses in a hurry.....
In my portfolio :
SOLD HL
SOLD PIR
SOLD BAC
Bought more TSL near close @ $32.78 ..2nd purchase of the day.....now my largest position....
Portfolio is AUY,COMS,GNK,MRVL,TSL........
By 10 AM Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Dow fighting back to regain 50 DMA????
Indices went below 50 DMA decisively except Dow which is fighting back to reclaim 50 DMA.....
Last time also Dow refused to close below 50 DMA...will it succeed this time? only close can tell...
50 DMA in Dow is 9718.80.....
Looks like program selling controlling the downside......
Gold Down $9.60
Oil Down $2.10
Canadian $ Down 90 tick......
In my portfolio :
Added 70% more TSL @ $33.60
Portfolio is AUY,BAC,COMS,HL,GNK,MRVL,PIR,TSL.....
Most stocks are taking on the chin......
PS..post was delayed due to phone call.
BLOG does NOT give buy or sell.
Saleem
Last time also Dow refused to close below 50 DMA...will it succeed this time? only close can tell...
50 DMA in Dow is 9718.80.....
Looks like program selling controlling the downside......
Gold Down $9.60
Oil Down $2.10
Canadian $ Down 90 tick......
In my portfolio :
Added 70% more TSL @ $33.60
Portfolio is AUY,BAC,COMS,HL,GNK,MRVL,PIR,TSL.....
Most stocks are taking on the chin......
PS..post was delayed due to phone call.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 29, 2009
All indices have reversed their technical picture @ close....
Indices @ close are in good health technically speaking..all major index are above 50 DMA...
Volume was above average on this strong bounce......
Most traders/technicians were left wondering as to where this rally came from......all severe corrections do end abruptly when nobody is expecting it......
RSI has been a good indicator of overbought/oversold conditions...which assist me in decision making...
Solar stocks came to life despite drubbing taken by FSLR..which is a sign of solar turnaround....
Many stocks were UP double digits.......which said a lot about severe oversold conditions/short covering.....
AH futures are down
AH Nikkei UP 1.12%
As expected VIX took a drubbing today Down 11.29% closing @ 24.76...
BLOG does NOT give buy or sell.
Saleem
Volume was above average on this strong bounce......
Most traders/technicians were left wondering as to where this rally came from......all severe corrections do end abruptly when nobody is expecting it......
RSI has been a good indicator of overbought/oversold conditions...which assist me in decision making...
Solar stocks came to life despite drubbing taken by FSLR..which is a sign of solar turnaround....
Many stocks were UP double digits.......which said a lot about severe oversold conditions/short covering.....
AH futures are down
AH Nikkei UP 1.12%
As expected VIX took a drubbing today Down 11.29% closing @ 24.76...
BLOG does NOT give buy or sell.
Saleem
Markets back on track ..UP 1.11% to 1.35%..NICE !!!!
So GS made a killing by implying that they knew that GDP will be BAD.....so much for suckers falling for that game...GDP came better than expected.....take that Roubini.....i am sure he has no answer for GDP robust growth of 3.5% as a qualified economist???
Gold UP $11.10
Oil UP 42.07
Canadian $ UP 86 tick
VIX down 8.46%.....
In my Portfolio :
Bought 70% more TSL @ $31.75..
Portfolio is AUY,BAC,COMS,GNK,HL,MRVL,PIR,TSL.....
Most stocks are UP..
BLOG does NOT give buy or sell.
Saleem
Gold UP $11.10
Oil UP 42.07
Canadian $ UP 86 tick
VIX down 8.46%.....
In my Portfolio :
Bought 70% more TSL @ $31.75..
Portfolio is AUY,BAC,COMS,GNK,HL,MRVL,PIR,TSL.....
Most stocks are UP..
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 28, 2009
Nasdaq Down 5.98% already.....
All Indices are under extreme selling pressure with Nasdaq being down 5.98% followed by S&P 500 down 5.33% while Dow down 3.53%........
RSI are in deep oversold area in all indices.... S&P 500 41.23,Nasdaq 37.56 Dow 46.62
VIX jumped 12.4% to close @ 27.91...suggesting technical bounce???
Internals of Nasdaq was terrible with new 52 week low higher 33 than highs 10..
Last June correction Indices went down almost 9%.......
So it is becoming a popular sports as to predict how low indices will go....
What I do is look for an attractive entry point in stocks which i have monitored closely...IF the price is right...I am buying...which I did today......generally I do NOT get the low of the day which you can see with all my posted purchases......
I do change strategy based on my personal interpretation of how to position in any given market @ any given moment...NO i do not follow any pundit and do NOT factor their opinion which is always presented in a filtered manner means take the truth out but focus on that they are always correct in their assessment...facts do not support their "implied accuracy"
SO...why are the markets in downward slope...many reasons are there, First we came UP sharply since early July...so a pullback was more than overdue.......secondly there is data which is mixed @ best which gives another reason to sell or lock huge profit.......
YES...this correction will be over also like many other corrections......
In my portfolio :
Bought HL @ $3.96
Bought PIR @ $3.50
Bought TSL @ $32.07
Portfolio is AUY,BAC,COMS,GNK,HL,MRVL,PIR,TSL.....
AH FSLR ER was a miss Down AH $24.08 on AH 2.18 million shares
AH GNK ER was a beat on EPS by 8 cents and also beat in Sales CC is @ 8.30 AM....stock was down 57 cents on a AH volume of 20,259 shares......guidance to be given in the CC...
AH Futures are green ....???
AH Nikkei is Down 1.81%
BLOG does NOT give buy or sell.
Saleem
RSI are in deep oversold area in all indices.... S&P 500 41.23,Nasdaq 37.56 Dow 46.62
VIX jumped 12.4% to close @ 27.91...suggesting technical bounce???
Internals of Nasdaq was terrible with new 52 week low higher 33 than highs 10..
Last June correction Indices went down almost 9%.......
So it is becoming a popular sports as to predict how low indices will go....
What I do is look for an attractive entry point in stocks which i have monitored closely...IF the price is right...I am buying...which I did today......generally I do NOT get the low of the day which you can see with all my posted purchases......
I do change strategy based on my personal interpretation of how to position in any given market @ any given moment...NO i do not follow any pundit and do NOT factor their opinion which is always presented in a filtered manner means take the truth out but focus on that they are always correct in their assessment...facts do not support their "implied accuracy"
SO...why are the markets in downward slope...many reasons are there, First we came UP sharply since early July...so a pullback was more than overdue.......secondly there is data which is mixed @ best which gives another reason to sell or lock huge profit.......
YES...this correction will be over also like many other corrections......
In my portfolio :
Bought HL @ $3.96
Bought PIR @ $3.50
Bought TSL @ $32.07
Portfolio is AUY,BAC,COMS,GNK,HL,MRVL,PIR,TSL.....
AH FSLR ER was a miss Down AH $24.08 on AH 2.18 million shares
AH GNK ER was a beat on EPS by 8 cents and also beat in Sales CC is @ 8.30 AM....stock was down 57 cents on a AH volume of 20,259 shares......guidance to be given in the CC...
AH Futures are green ....???
AH Nikkei is Down 1.81%
BLOG does NOT give buy or sell.
Saleem
Nasdaq has broken down technically..NOT good @ all...
Nasdaq is leading all the indices lower & has broken down technically......Nasdaq 50 DMA is 2089.50 and we already have traded as low as 2081.73..well below 50 DMA
S&P 500 also traded below 50 DMA which is @ 1050.49..also traded @ 1049.62...
Dow is the ONLY one which IS trading above 50 DMA of 9699..lowest trade so far is 9817.02..
RSI picture is also negative as they have gone below the usual trading range of last four months as they are listed below :
S&P 44.54
Nasdaq 41.30
Dow 50.31.....only one within range
Based on the above scenario...UNLESS we close above 50 DMA on good volume...market IS in technical trouble & MAY take us lot LOWER than what we are ready for????
RAISING cash MAY not be a bad idea ASAP........
Gold Down $1.90
Oil Down $2.28
Canadian $ Down 67 tick
In my portfolio :
Sold RIMM
Bought 70% more GNK @ $19.83 cost went down to $21.77..reports AH....expecting a beat & guidance @ or above consensus......
Portfolio is AUY,BAC,COMS,GNK,MRVL.......
@ 12.36 following stocks are green :
NTES,BIDU,MA,V,FSLR(reports tonight)....
BLOG does NOT give buy or sell.
Saleem
S&P 500 also traded below 50 DMA which is @ 1050.49..also traded @ 1049.62...
Dow is the ONLY one which IS trading above 50 DMA of 9699..lowest trade so far is 9817.02..
RSI picture is also negative as they have gone below the usual trading range of last four months as they are listed below :
S&P 44.54
Nasdaq 41.30
Dow 50.31.....only one within range
Based on the above scenario...UNLESS we close above 50 DMA on good volume...market IS in technical trouble & MAY take us lot LOWER than what we are ready for????
RAISING cash MAY not be a bad idea ASAP........
Gold Down $1.90
Oil Down $2.28
Canadian $ Down 67 tick
In my portfolio :
Sold RIMM
Bought 70% more GNK @ $19.83 cost went down to $21.77..reports AH....expecting a beat & guidance @ or above consensus......
Portfolio is AUY,BAC,COMS,GNK,MRVL.......
@ 12.36 following stocks are green :
NTES,BIDU,MA,V,FSLR(reports tonight)....
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 27, 2009
Dow Green Nasdaq weak......
Markets are adjusting to tug of war between bulls & bears after a huge runup.......
S&P 500 has lost 37.95 points from 09 highs or a pullback of 3.45%......
RSI is @ 48.55...in buy zone...
Current market TAPE is a small down move which is desirable to cool off rampant bullishness...
Despite many weaker data we are NOT going down in a hurry which reflects continued buying support....
AH Futures are all GREEN
AH Gold UP
AH Oil UP
AH V ER was a beat UP $1.40......
AH Nikkei Down .44%
BLOG does NOT give buy or sell.
Saleem
S&P 500 has lost 37.95 points from 09 highs or a pullback of 3.45%......
RSI is @ 48.55...in buy zone...
Current market TAPE is a small down move which is desirable to cool off rampant bullishness...
Despite many weaker data we are NOT going down in a hurry which reflects continued buying support....
AH Futures are all GREEN
AH Gold UP
AH Oil UP
AH V ER was a beat UP $1.40......
AH Nikkei Down .44%
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 UP......NICE !!!!
Every pundit on the face of earth was predicting "collapse" of this market yesterday....BUT thanks to all "know all pundits" we are UP in Dow & S&P 500......the more they talk they are proving over & over that they have "no clue what they are talking about"
All doomsters are coming up with new & improved targets on the downside...David Rosenberg who predicted 840 in S& P 500 by end of October has now announced that market is 20% overvalued...so we have four trading days left for his first CNBC prediction & God knows what is his time frame on new & improved downside target.....
Even Jimmy the Cramer is trying for the third time to talk the market down...he also fails each time and never "own his bad calls about markets"
Roubini is still talking which has NOT come to fruition missing touchdown by 100 yards...has opinion on market,gold ,dollar but never gets it right????
ARE we climbing "wall of worry AGAIN".......
Gold Down $3.30
Oil UP 81 cents
Canadian $ UP 15 tick after series of talk down by Central Bank Governor & Finance Minister as they are highlighting negative effect of strong CAD....93.94 cents US for 1 CAD..
Portfolio is AUY,BAC,COMS,GNK(reports AM),MRVL,RIMM...
@ 12.16 following are green :
LULU,GE,HL,RCI,C,JRCC,MA,CMED,ABX,SPWRA,
SNE,VAR,AGU,STP,V,FXI,POT,TLM,SLW.
BLOG does NOT give buy or sell.
Saleem
All doomsters are coming up with new & improved targets on the downside...David Rosenberg who predicted 840 in S& P 500 by end of October has now announced that market is 20% overvalued...so we have four trading days left for his first CNBC prediction & God knows what is his time frame on new & improved downside target.....
Even Jimmy the Cramer is trying for the third time to talk the market down...he also fails each time and never "own his bad calls about markets"
Roubini is still talking which has NOT come to fruition missing touchdown by 100 yards...has opinion on market,gold ,dollar but never gets it right????
ARE we climbing "wall of worry AGAIN".......
Gold Down $3.30
Oil UP 81 cents
Canadian $ UP 15 tick after series of talk down by Central Bank Governor & Finance Minister as they are highlighting negative effect of strong CAD....93.94 cents US for 1 CAD..
Portfolio is AUY,BAC,COMS,GNK(reports AM),MRVL,RIMM...
@ 12.16 following are green :
LULU,GE,HL,RCI,C,JRCC,MA,CMED,ABX,SPWRA,
SNE,VAR,AGU,STP,V,FXI,POT,TLM,SLW.
BLOG does NOT give buy or sell.
Saleem
Monday, October 26, 2009
Pessimism @ peak..sign of a turnaround ???
S&P 500 is down 3.12% from 09 high BUT if you pay attention to all commentators you will THINK we must have PLUNGED 20% to be so afraid of this market.....as usual all pundits are trying to "talk the market DOWN to justify their short or bearish position"
RSI in S&P 500 is @ 49.96...generally we turn UP @ 48 area @ close...so we must be NEAR or @ bottom of this pullback...even VIX jumped to 24.31 or a jump of 9.16%...even this fear index is showing sign of a "turnaround"
IF I were you I will pay close attention to "turnaround Tuesday by closing time"...
When everybody is so sure we are gone down ..we generally get a bottom...
AH BIDU plunged $56.98 on outlook......
AH LULU UP 6.38% on higher guidance....
See..... it IS a stock pickers market from now on.....
AH Nikkei is Down 1.2%
AH Futures are mixed
AH Oil is UP
AH Silver is UP
Looks like US$ one day wonder is coming to an end as most currencies are ticking UP....
So..IF you have booked profit...then it may be time to put some capital @ work on Tuesday ?...
BLOG does NOT give buy or sell.
Saleem
RSI in S&P 500 is @ 49.96...generally we turn UP @ 48 area @ close...so we must be NEAR or @ bottom of this pullback...even VIX jumped to 24.31 or a jump of 9.16%...even this fear index is showing sign of a "turnaround"
IF I were you I will pay close attention to "turnaround Tuesday by closing time"...
When everybody is so sure we are gone down ..we generally get a bottom...
AH BIDU plunged $56.98 on outlook......
AH LULU UP 6.38% on higher guidance....
See..... it IS a stock pickers market from now on.....
AH Nikkei is Down 1.2%
AH Futures are mixed
AH Oil is UP
AH Silver is UP
Looks like US$ one day wonder is coming to an end as most currencies are ticking UP....
So..IF you have booked profit...then it may be time to put some capital @ work on Tuesday ?...
BLOG does NOT give buy or sell.
Saleem
US$ strength dragging markets.......
Markets were UP @ open then US$ put a damper on another rally......@ low point so far S&P 500 went to 1066.97......getting very close to support....
Banks are taking it on the chin thanks to Downgrades of FITB to sell..Bove commentary was quite negative for the profitability of struggling banks in 2010.....
Financials & Markets go hand in hand.......
Gold Down $1.80
Oil Down $1.78
Canadian $ Down 1.09 cent
Portfolio is AUY,BAC,COMS,GNK,MRVL(raising guidance well above consensus),RIMM.....
@ 12.46 following are green :
MRVL,GNK,MSFT,NTES,BRCD,LULU,WYNN,FSLR,VAR,
AMZN,AMTD,GOOG,RVBD.
BLOG does NOT give buy or sell.
Saleem
Banks are taking it on the chin thanks to Downgrades of FITB to sell..Bove commentary was quite negative for the profitability of struggling banks in 2010.....
Financials & Markets go hand in hand.......
Gold Down $1.80
Oil Down $1.78
Canadian $ Down 1.09 cent
Portfolio is AUY,BAC,COMS,GNK,MRVL(raising guidance well above consensus),RIMM.....
@ 12.46 following are green :
MRVL,GNK,MSFT,NTES,BRCD,LULU,WYNN,FSLR,VAR,
AMZN,AMTD,GOOG,RVBD.
BLOG does NOT give buy or sell.
Saleem
Sunday, October 25, 2009
Where do we go from here in Indices????
After making series of new 09 HIGHS market took a breather.....indices are acting very jittery one day UP & next day DOWN......
Most of the ER are out and has given lift to the markets....markets are trying to figure out what is the next catalyst???
There may be a lull in the markets for next few weeks then Q4 excitement will take hold again...
Based on Friday's close @1079.60 in S&P 500..we have given back 22.16 points or 2.01% from 09 high.....we may give back another 3% or so before we get a solid support.......1040 area looks like support zone....RSI is 55.26.....in between buy & sell.....
Individual stocks will continue to outperform based on news while others lag or stay down..so now it will become stock picker's market....
I strongly suggest to keep booking profit as they come as getting greedy may not be a good idea @ this stage in markets.......
It will also be unwise to stay out of the market as we will eventually go much higher......
A reduced exposure is what I have done since AAPL ER....I am only 65% invested.....
Here is my $ allocation as of Friday's close :
RIMM 39.52% Tech/Smartphone
AUY 14.43% Gold producer
GNK 13.20% Bulk Dry shipping
BAC 12.89% Bank/Financial
MRVL 13.00% Tech/Supplier to PC & Smartphone
COMS 6.96% Tech/Networking
As you can see that I am diversified in many sectors which reduces downside risk.....
Your comfort level needs to be HIGH @ this stage as CNBC & other media do capitalize with negative bias...it is all about rating/sales..negative slant grips most people....
Economy is on the mend but lot of good news is priced IN.....new sectors may take the leadership role..so keep an eye when stocks move UP.....
PS....I am using windows 7..which is a super operating system HUGE improvement over Vista..MSFT has a runaway winner on hand......I have adjusted the text a touch bigger for easier reading....
My health is also improving thanks to many well wishers..slowly gaining weight also...hopefully another week should bring me back in good health...just finished my two antibiotics this Friday AM.....
BLOG does NOT give buy or sell.
Saleem
Most of the ER are out and has given lift to the markets....markets are trying to figure out what is the next catalyst???
There may be a lull in the markets for next few weeks then Q4 excitement will take hold again...
Based on Friday's close @1079.60 in S&P 500..we have given back 22.16 points or 2.01% from 09 high.....we may give back another 3% or so before we get a solid support.......1040 area looks like support zone....RSI is 55.26.....in between buy & sell.....
Individual stocks will continue to outperform based on news while others lag or stay down..so now it will become stock picker's market....
I strongly suggest to keep booking profit as they come as getting greedy may not be a good idea @ this stage in markets.......
It will also be unwise to stay out of the market as we will eventually go much higher......
A reduced exposure is what I have done since AAPL ER....I am only 65% invested.....
Here is my $ allocation as of Friday's close :
RIMM 39.52% Tech/Smartphone
AUY 14.43% Gold producer
GNK 13.20% Bulk Dry shipping
BAC 12.89% Bank/Financial
MRVL 13.00% Tech/Supplier to PC & Smartphone
COMS 6.96% Tech/Networking
As you can see that I am diversified in many sectors which reduces downside risk.....
Your comfort level needs to be HIGH @ this stage as CNBC & other media do capitalize with negative bias...it is all about rating/sales..negative slant grips most people....
Economy is on the mend but lot of good news is priced IN.....new sectors may take the leadership role..so keep an eye when stocks move UP.....
PS....I am using windows 7..which is a super operating system HUGE improvement over Vista..MSFT has a runaway winner on hand......I have adjusted the text a touch bigger for easier reading....
My health is also improving thanks to many well wishers..slowly gaining weight also...hopefully another week should bring me back in good health...just finished my two antibiotics this Friday AM.....
BLOG does NOT give buy or sell.
Saleem
Saturday, October 24, 2009
BUY rated stocks for "Quick Trade" !!!
Following stocks are flashing buy signal for quick trade.Please do your OWN due diligence by checking FA/TA/TAPE.
GNK,AMZN,BIDU,MSTR,XRX,YTEC,SPAR,DRYS,
DSX,GRRF,VLO,STMP,SWWC,BK,SYNA,ACF,CSR,
SABA,ZNH,LOGI,NMM,TTI,SSI,QLGC,TTWO,
SYMC.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
GNK,AMZN,BIDU,MSTR,XRX,YTEC,SPAR,DRYS,
DSX,GRRF,VLO,STMP,SWWC,BK,SYNA,ACF,CSR,
SABA,ZNH,LOGI,NMM,TTI,SSI,QLGC,TTWO,
SYMC.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, October 23, 2009
.5% to 1.22% pullback on profit taking.....
All three Indices were down @ close from .5% to 1.22%.....
Lot of traders took profit when we did not go through 1100 in S&P 500......Also Nasdaq failed to make new highs on major ER beat..so selling steps IN......
I personally feel that market will found support based on buying interest which IS still "alive & well"...can you imagine the close IF there was no buying interest???
VIX is back to 22.27 UP 7.64%..so it is swinging 6%+
By 10 AM Saturday ..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Lot of traders took profit when we did not go through 1100 in S&P 500......Also Nasdaq failed to make new highs on major ER beat..so selling steps IN......
I personally feel that market will found support based on buying interest which IS still "alive & well"...can you imagine the close IF there was no buying interest???
VIX is back to 22.27 UP 7.64%..so it is swinging 6%+
By 10 AM Saturday ..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Normal profit taking @ elevated levels......
Indices are all in RED .......this is "normal" profit taking which IS prudent......
MSFT & AMZN gave Nasdaq a boost but not good enough for new HIGHS in Nasdaq..kind of disappointing...so we go down & "regroup"......by the way..none of the numbers are technically important like 10K or 971...these are CNBC nonsense.....we have come a long way so pullback must not surprise anyone & it IS healthy...
So far...buyers are stepping in AGAIN......NICE !!!!
Gold Down $4.80
Oil Down 32 cents
Canadian $ Down 33 tick
Portfolio is AUY,BAC,COMS,GNK,MRVL,RIMM.....
@ 12.36 following are green :
AMZN,MSFT,AUY,SLW,SINA,C,TKC,WYNN,
MA,BIDU,LVS,SOHU,VLO,ISRG,IPI,FXI,NDN.
BLOG does NOT give buy or sell.
Saleem
MSFT & AMZN gave Nasdaq a boost but not good enough for new HIGHS in Nasdaq..kind of disappointing...so we go down & "regroup"......by the way..none of the numbers are technically important like 10K or 971...these are CNBC nonsense.....we have come a long way so pullback must not surprise anyone & it IS healthy...
So far...buyers are stepping in AGAIN......NICE !!!!
Gold Down $4.80
Oil Down 32 cents
Canadian $ Down 33 tick
Portfolio is AUY,BAC,COMS,GNK,MRVL,RIMM.....
@ 12.36 following are green :
AMZN,MSFT,AUY,SLW,SINA,C,TKC,WYNN,
MA,BIDU,LVS,SOHU,VLO,ISRG,IPI,FXI,NDN.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 22, 2009
Are we all set for new 09 HIGHS.......???
Indices staged a "strong rebound" from yesterday's collapse......technicals were repaired in a hurry...sign of a very strong market.......
Still it will be PRUDENT to lock profits & trade with an eye on TAPE......sometimes "complacency" near TOP can cost dearly...NO..I do NOT know where the TOP is.....just being careful @ elevated level is a WISE strategy...
AH AMZN is "the superstar" UP a whopping 14.48% AH volume 4.29 million shares..all because of a major beat on EPS & Sales plus good guidance......
AH futures are all green
AH Oil UP
AH Gold UP
AH Nikkei UP .47%
VIX collapsed 6.89% to 20.69....
Friday could be the day when we hit further into S&P 500 1100 area.....
BLOG does NOT give buy or sell.
Saleem
Still it will be PRUDENT to lock profits & trade with an eye on TAPE......sometimes "complacency" near TOP can cost dearly...NO..I do NOT know where the TOP is.....just being careful @ elevated level is a WISE strategy...
AH AMZN is "the superstar" UP a whopping 14.48% AH volume 4.29 million shares..all because of a major beat on EPS & Sales plus good guidance......
AH futures are all green
AH Oil UP
AH Gold UP
AH Nikkei UP .47%
VIX collapsed 6.89% to 20.69....
Friday could be the day when we hit further into S&P 500 1100 area.....
BLOG does NOT give buy or sell.
Saleem
Dow showing leadership today.....Nice !!!
Yesterday's REVERSAL brought worldwide selling ......
Dow is showing leadership today & giving support to market...There is a very good chance that we reclaim Dow 10K...
Gold Down $10.50
Oil Down 90 cents
Canadian $ Down 23 tick....Canadian GDP is expected to grow 3.3% in 2010 according to Central Bank of Canada today....
In my portfolio :
Bought GNK @ $22.93
Portfolio is AUY,BAC,COMS,GNK,MRVL,RIMM...
@ 12.05 following are GREEN :
RIMM,COMS,GNK,AA,GS,POT(ER was a beat by 1 cent),
RCI,AGU,PALM,ISRG,BIDU,MA,FMCN,CTRN,VAR.
BLOG does NOT give buy or sell.
Saleem
Dow is showing leadership today & giving support to market...There is a very good chance that we reclaim Dow 10K...
Gold Down $10.50
Oil Down 90 cents
Canadian $ Down 23 tick....Canadian GDP is expected to grow 3.3% in 2010 according to Central Bank of Canada today....
In my portfolio :
Bought GNK @ $22.93
Portfolio is AUY,BAC,COMS,GNK,MRVL,RIMM...
@ 12.05 following are GREEN :
RIMM,COMS,GNK,AA,GS,POT(ER was a beat by 1 cent),
RCI,AGU,PALM,ISRG,BIDU,MA,FMCN,CTRN,VAR.
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 21, 2009
1.8% REVERSAL in S&P 500 ?????
Today's close is NOT good technically......from making new 09 HIGHS to reverse all the gains & close near low of the day???
S&P 500 saw a reversal of 1.8% @ close????
Lot of reasons are being given from Fed Beige book to Dick Bove sell rating on WFC...BUT we have to accept the verdict of the TAPE which was a very WEAK close......
TAPE is always correct in defining the day..it needs NO reason......
As we ARE elevated a CAUTIOUS trading approach IS PRUDENT.....like quick trades & locking all profit... as i am doing for a while......
I will pay close attention to how we close on Thursday......
RSI in S&P 500 is @ 57.72...in mid range between buy & sell......
In my portfolio :
Sold AAPL
Sold GNK
Portfolio is AUY,BAC,COMS,MRVL,RIMM......
AH Futures are mixed
AH Nikkei is Down 1.07%
AH Gold is UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 saw a reversal of 1.8% @ close????
Lot of reasons are being given from Fed Beige book to Dick Bove sell rating on WFC...BUT we have to accept the verdict of the TAPE which was a very WEAK close......
TAPE is always correct in defining the day..it needs NO reason......
As we ARE elevated a CAUTIOUS trading approach IS PRUDENT.....like quick trades & locking all profit... as i am doing for a while......
I will pay close attention to how we close on Thursday......
RSI in S&P 500 is @ 57.72...in mid range between buy & sell......
In my portfolio :
Sold AAPL
Sold GNK
Portfolio is AUY,BAC,COMS,MRVL,RIMM......
AH Futures are mixed
AH Nikkei is Down 1.07%
AH Gold is UP
BLOG does NOT give buy or sell.
Saleem
NEW 09 HIGHS Again TODAY....NICE !!!!
S&P500,Dow & Nasdaq all marched to new 09 highs today.
TAPE has been strong since early July....almost four months of ascending market to new 09 highs....
Some very smart traders like Doug Kass,Carter Worth,Robert Prechter & Dennis Gartman have NOT read this market accurately and have caused their followers to be on the WRONG side of the trade for months.....they were all BUSY telling the market "what to do" instead of following the TAPE......
Fast Panic Money traders are always preaching short or buy protection in a one sided UP market...Guy Adami has lost it all..he told CNBC listeners to short AAPL for two days in a row???
Gold UP $2.40
Oil UP $1.23
Canadian $ is rebounding today UP 91 tick to 95.94 cent US for 1 CAD......
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM...
@ 12.20 following are green:
AAPL,AUY,GNK,POT,AA,FMCN,RCI,HL,ICE,
LULU,CCJ,MA,BIDU,AGU,IPI,V,GOOG,SLW.
BLOG does NOT give buy or sell.
Saleem
TAPE has been strong since early July....almost four months of ascending market to new 09 highs....
Some very smart traders like Doug Kass,Carter Worth,Robert Prechter & Dennis Gartman have NOT read this market accurately and have caused their followers to be on the WRONG side of the trade for months.....they were all BUSY telling the market "what to do" instead of following the TAPE......
Fast Panic Money traders are always preaching short or buy protection in a one sided UP market...Guy Adami has lost it all..he told CNBC listeners to short AAPL for two days in a row???
Gold UP $2.40
Oil UP $1.23
Canadian $ is rebounding today UP 91 tick to 95.94 cent US for 1 CAD......
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM...
@ 12.20 following are green:
AAPL,AUY,GNK,POT,AA,FMCN,RCI,HL,ICE,
LULU,CCJ,MA,BIDU,AGU,IPI,V,GOOG,SLW.
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 20, 2009
Small giveback in Indices despite bad economic news !!!!
Housing data was bad BUT indices were NOT interested in going too far down???
TAPE is telling me that there is more UP move coming up...until TAPE gets weak..I am staying put with my rotating trades.......
I know it is extremely hard to follow the TAPE when everyone is glued to CNBC with their exaggerated analysis/noise on a daily basis????
Yes .....most of the Fast Panic Money panel is extremely "fearful & bearish"...but they represent an overwhelming majority of pessimist which is a "contrary" indicator.....@ least to me.....
Market internals were much WEAKER than close..more like 3 to 1 on the downside....BUT that was expected considering bad housing data....
AH SNDK ER was a blowout UP 10.2% AH
AH YHOO was a beat and is UP 5.07% AH
So..what is all this ER telling us? that consumer is alive & well and most companies are "ahead of the curve"
AH Futures are all GREEN
AH Nikkei is down .2%
VIX has tumbled to new 52 wk LOW today @ close..now 20.90 down 2.75% today????
BLOG does NOT give buy or sell.
Saleem
TAPE is telling me that there is more UP move coming up...until TAPE gets weak..I am staying put with my rotating trades.......
I know it is extremely hard to follow the TAPE when everyone is glued to CNBC with their exaggerated analysis/noise on a daily basis????
Yes .....most of the Fast Panic Money panel is extremely "fearful & bearish"...but they represent an overwhelming majority of pessimist which is a "contrary" indicator.....@ least to me.....
Market internals were much WEAKER than close..more like 3 to 1 on the downside....BUT that was expected considering bad housing data....
AH SNDK ER was a blowout UP 10.2% AH
AH YHOO was a beat and is UP 5.07% AH
So..what is all this ER telling us? that consumer is alive & well and most companies are "ahead of the curve"
AH Futures are all GREEN
AH Nikkei is down .2%
VIX has tumbled to new 52 wk LOW today @ close..now 20.90 down 2.75% today????
BLOG does NOT give buy or sell.
Saleem
Housing data putting pressure on markets.....
As markets are in lofty levels any weak economic numbers will bring an immediate reaction from nervous traders.Housing numbers were weak which did not sit well ,thus we have a down market close to 1%..testing low of the day.
Gold Down $2.60
Oil down $1.15
Canadian $ taking a huge tumble as Bank of Canada issued a stern warning against $ appreciating against US$..CAD down 2.10 cents biggest tumble since June of this year.
US$ is also strong against most currency which is putting pressure on all commodities and markets.....
In my portfolio :
Added 60% RIMM @ $67.08 my overall cost now is $67.89
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM....
@ 12.09 following are green :
AAPL(target increased by many analyst ranging from $230 to $280),GNK,BAC,COMS,SINA,CTRN,CCJ,EGLE,
VLO,FSLR,ISRG,V.
BLOG does NOT give buy or sell.
Saleem
Gold Down $2.60
Oil down $1.15
Canadian $ taking a huge tumble as Bank of Canada issued a stern warning against $ appreciating against US$..CAD down 2.10 cents biggest tumble since June of this year.
US$ is also strong against most currency which is putting pressure on all commodities and markets.....
In my portfolio :
Added 60% RIMM @ $67.08 my overall cost now is $67.89
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM....
@ 12.09 following are green :
AAPL(target increased by many analyst ranging from $230 to $280),GNK,BAC,COMS,SINA,CTRN,CCJ,EGLE,
VLO,FSLR,ISRG,V.
BLOG does NOT give buy or sell.
Saleem
Monday, October 19, 2009
Another day & another 09 high close....NICE !!!!
Markets are in a "blow off" stage when everything IS going in "upward" direction......
All indices are in new 09 highs.....
S&P 500 went to 1100.17......
AH AAPL came with a "stunning beat in Sales & EPS" also guiding higher Sales than consensus..AAPL UP AH $12.54 on a AH volume of 9.08 million.....now Jimmy the cramer & his gang of shorts can cover on Tuesday @ way higher price than their shorted price????
In my portfolio :
Tripled my position in AUY & COMS.....
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM.....
AH Futures are Strong in Nasdaq,green in S&P 500 & barely red in Dow.....
AH Nikkei is UP .98%...
AH Gold is UP.....
BLOG does NOT give buy or sell.
Saleem
All indices are in new 09 highs.....
S&P 500 went to 1100.17......
AH AAPL came with a "stunning beat in Sales & EPS" also guiding higher Sales than consensus..AAPL UP AH $12.54 on a AH volume of 9.08 million.....now Jimmy the cramer & his gang of shorts can cover on Tuesday @ way higher price than their shorted price????
In my portfolio :
Tripled my position in AUY & COMS.....
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM.....
AH Futures are Strong in Nasdaq,green in S&P 500 & barely red in Dow.....
AH Nikkei is UP .98%...
AH Gold is UP.....
BLOG does NOT give buy or sell.
Saleem
Higher 09 HIGHS AGAIN.....NICE !!!!
Indices are barrelling through round numbers......
New 09 HIGHS are being made.....
Chinese economy is on fire GDP for 9months UP 7%...they are predicting that they will beat last year GDP growth of 9% by the end of this year.....
Gold UP $5.50
Oil UP 20 cents
Canadian $ UP 59 tick
In my portfolio :
Sold POT
Bought GNK @ $21.62
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM...
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
New 09 HIGHS are being made.....
Chinese economy is on fire GDP for 9months UP 7%...they are predicting that they will beat last year GDP growth of 9% by the end of this year.....
Gold UP $5.50
Oil UP 20 cents
Canadian $ UP 59 tick
In my portfolio :
Sold POT
Bought GNK @ $21.62
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM...
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 18, 2009
Where are we heading in Indices ?????
Markets have come a long way since the doomsday scenario of March 09......
Markets have climbed wall of worry since March.....
Markets have "crushed" bears & doubters of this rally........
More & more technicians are getting scared of this market & have been WRONG for several months.....most technicians & pundits have missed last 9% of this rally & have lost tremendous amount of money "shorting" this market since July......?????
It is not difficult to read the TAPE and KNOW the direction of this market...which HAS been UP...
BUT...many traders/technicians/pundits are trying desperately to "tell the markets what to do"...never happens..market does what it wants to do always !!!!
Fighting this TAPE has NOT been a good idea...lot of missed opportunity & betting against market meant major loss in equity.......
Ask Carter Worth,Doug Kass,Robert Prechter,Art Cashin,Guy Adami...they are all looking like a group who cannot "see the TREND" which has been clearly UP????
So..where are we in this RUNUP???
IF we look @ pessimism which IS @ highest level from traders/technicians...we go UP...
IF we look @ ER which is generally a beat...we go UP
IF we look @ weak selling on down days..we go UP
IF we look @ RSI which is 63.46 on Friday...we go UP
SO...IF so many indicators are pointing UP...what are we afraid of???
OH...yes that famous correction????
BUT that correction is within 5% range and we go right back UP......
By the way...we just corrected 15.03 S&P 500 points from high of 1096.56 to intraday low of 1081.53...a miniscule 1.4% correction......
I have a strong feeling that we go to 1120 in S&P 500......which is another 3% move UP????
Most strong stocks will move UP 5% easily in this RUNUP.......
It has been smart to stay in this market & I do not expect it to change anytime soon.....yes there will be 3% to 5% pullbacks along the way BUT that IS normal in any bull market......
Here is how I have allocated my funds as of Friday:
POT 35.92% AG Potash
RIMM 22.47% Tech Smartphone
AAPL 13.13% Tech Smartphone/Computers
BAC 11.5% Financials/Bank
MRVL 10.3% Tech/Chip maker for PC/Smartphones
AUY 4.53% Gold producer
COMS 2.15% Tech/Networking
As you can see that I am diversified in many sectors which gives me very high comfort level.
So...this IS the market to stay IN without worrying too much about normal correction.Make sure that your comfort level is HIGH in a diversified mode.
Always do your OWN due diligence & KNOW your stocks well from changing FA/TA/TAPE....it is NEVER constant.
BLOG does NOT give buy or sell.
Saleem
Markets have climbed wall of worry since March.....
Markets have "crushed" bears & doubters of this rally........
More & more technicians are getting scared of this market & have been WRONG for several months.....most technicians & pundits have missed last 9% of this rally & have lost tremendous amount of money "shorting" this market since July......?????
It is not difficult to read the TAPE and KNOW the direction of this market...which HAS been UP...
BUT...many traders/technicians/pundits are trying desperately to "tell the markets what to do"...never happens..market does what it wants to do always !!!!
Fighting this TAPE has NOT been a good idea...lot of missed opportunity & betting against market meant major loss in equity.......
Ask Carter Worth,Doug Kass,Robert Prechter,Art Cashin,Guy Adami...they are all looking like a group who cannot "see the TREND" which has been clearly UP????
So..where are we in this RUNUP???
IF we look @ pessimism which IS @ highest level from traders/technicians...we go UP...
IF we look @ ER which is generally a beat...we go UP
IF we look @ weak selling on down days..we go UP
IF we look @ RSI which is 63.46 on Friday...we go UP
SO...IF so many indicators are pointing UP...what are we afraid of???
OH...yes that famous correction????
BUT that correction is within 5% range and we go right back UP......
By the way...we just corrected 15.03 S&P 500 points from high of 1096.56 to intraday low of 1081.53...a miniscule 1.4% correction......
I have a strong feeling that we go to 1120 in S&P 500......which is another 3% move UP????
Most strong stocks will move UP 5% easily in this RUNUP.......
It has been smart to stay in this market & I do not expect it to change anytime soon.....yes there will be 3% to 5% pullbacks along the way BUT that IS normal in any bull market......
Here is how I have allocated my funds as of Friday:
POT 35.92% AG Potash
RIMM 22.47% Tech Smartphone
AAPL 13.13% Tech Smartphone/Computers
BAC 11.5% Financials/Bank
MRVL 10.3% Tech/Chip maker for PC/Smartphones
AUY 4.53% Gold producer
COMS 2.15% Tech/Networking
As you can see that I am diversified in many sectors which gives me very high comfort level.
So...this IS the market to stay IN without worrying too much about normal correction.Make sure that your comfort level is HIGH in a diversified mode.
Always do your OWN due diligence & KNOW your stocks well from changing FA/TA/TAPE....it is NEVER constant.
BLOG does NOT give buy or sell.
Saleem
Saturday, October 17, 2009
BUY rated stocks for " higher HIGHS" !!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
POT,AUY,ECA,HSE,WX,OSIS,PNRA,GROW,WY,EAT,MRK
VLO,NFLX,KR,HWCC,GOLD,INSP,FL,AGU,HAS,PDS,TRA,
TMI,CUTR,ID.
Next post by 10 AM on Sunday.
BLOG does NOT give buy or sell.
Saleem
POT,AUY,ECA,HSE,WX,OSIS,PNRA,GROW,WY,EAT,MRK
VLO,NFLX,KR,HWCC,GOLD,INSP,FL,AGU,HAS,PDS,TRA,
TMI,CUTR,ID.
Next post by 10 AM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, October 16, 2009
Indices lost .67% to .81%.....
Option expiry played a huge role in most stocks being down...
BAC & GE was an excuse to bring prices to wherever MM wanted......
Gold had nice turnaround & closed UP $4.20
Oil @ record high for 09 UP $1.09
Few stocks made into green today included GOOG,YHOO,POT,AUY,ICE,IPI,CMED,GG,
HPQ,SOHU.
VIX tumbled to another 52 wk low closing @ 21.43 down 1.34%...sign of "no fear"
By 10 AM Saturday..I will list buy rated stocks.
PS....Went for CT scan..they found INFLAMED Appendix..taking two different Antibiotic for 7 days to treat infection in my appendix......that is the reason was not able to post noon analysis..came home around 6PM.....thanks for your concern & wishing well for me.
BLOG does NOT give buy or sell.
Saleem
BAC & GE was an excuse to bring prices to wherever MM wanted......
Gold had nice turnaround & closed UP $4.20
Oil @ record high for 09 UP $1.09
Few stocks made into green today included GOOG,YHOO,POT,AUY,ICE,IPI,CMED,GG,
HPQ,SOHU.
VIX tumbled to another 52 wk low closing @ 21.43 down 1.34%...sign of "no fear"
By 10 AM Saturday..I will list buy rated stocks.
PS....Went for CT scan..they found INFLAMED Appendix..taking two different Antibiotic for 7 days to treat infection in my appendix......that is the reason was not able to post noon analysis..came home around 6PM.....thanks for your concern & wishing well for me.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 15, 2009
Another day & another 09 highest close...NICE !!!
Dow,S&P 500 & Nasdaq all closed @ their highest level of 09.......
AH GOOG ER was stellar ...AH GOOG UP $17...
AH IBM top line was below ... AH IBM down $4.95
AH Gold UP
AH Silver UP
AH OIL UP
AH futures are Mixed
AH Nikkei is UP...
VIX has crashed to new 52 wk low @ 21.72 Down 4.99%
Will we celebrate S&P 500 @ 1100.....it is all set for Friday !!!!
BLOG does NOT give buy or sell.
Saleem
AH GOOG ER was stellar ...AH GOOG UP $17...
AH IBM top line was below ... AH IBM down $4.95
AH Gold UP
AH Silver UP
AH OIL UP
AH futures are Mixed
AH Nikkei is UP...
VIX has crashed to new 52 wk low @ 21.72 Down 4.99%
Will we celebrate S&P 500 @ 1100.....it is all set for Friday !!!!
BLOG does NOT give buy or sell.
Saleem
Market trying for GREEN again !!!!
Indices are fighting back after GS & C ER pointed to some weakness in their business....
There is a very good chance that we will close GREEN......
Gold Down $8
Oil UP $1.25 to new 09 high...
Canadian $ Down 26 tick after being UP 6 day's in a row.....
In my portfolio :
Bought AUY @ $12.15
Portfolio is AAPL,AUY,BAC,COMS,MRVL,POT,RIMM....
BAC reports before open....expecting a beat .....
@ 12.08 following are green :
POT,GNK,FMCN,NTES,CIT,FNM,CTRN,LULU,ICE,
MA,SOHU,CMED,VLO,SNE,VAR,FWLT,AGU,IPI,JADE.
BLOG does NOT give buy or sell.
Saleem
There is a very good chance that we will close GREEN......
Gold Down $8
Oil UP $1.25 to new 09 high...
Canadian $ Down 26 tick after being UP 6 day's in a row.....
In my portfolio :
Bought AUY @ $12.15
Portfolio is AAPL,AUY,BAC,COMS,MRVL,POT,RIMM....
BAC reports before open....expecting a beat .....
@ 12.08 following are green :
POT,GNK,FMCN,NTES,CIT,FNM,CTRN,LULU,ICE,
MA,SOHU,CMED,VLO,SNE,VAR,FWLT,AGU,IPI,JADE.
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 14, 2009
Record 09 close in Indices......NICE !!!!
Dow,Nasdaq & S&P 500 closed @ new 09 highs....
Volume was strong in all indices...
New 52 wk high was 432 in NYSE & 242 in Nasdaq...
GS reports before open should be an easy beat......
AH Nikkei is UP 1.74%
AH Oil is UP
AH Futures are barely red.....
BLOG does NOT give buy or sell.
Saleem
Volume was strong in all indices...
New 52 wk high was 432 in NYSE & 242 in Nasdaq...
GS reports before open should be an easy beat......
AH Nikkei is UP 1.74%
AH Oil is UP
AH Futures are barely red.....
BLOG does NOT give buy or sell.
Saleem
New 09 HIGHS in all indices...NICE !!!
S&P 500,Dow & Nasdaq all went to new 09 highs........
Gold Down $2.40
Oil UP 76 cents
Canadian $ UP 57 tick to 97.21.....
In my portfolio :
Added 50% POT @ $91 just 2 cents above low of the day....must be my lucky day !!!!
Portfolio is AAPL,BAC,COMS,MRVL,POT,RIMM......
Most stocks are UP......
BLOG does NOT give buy or sell.
Saleem
Gold Down $2.40
Oil UP 76 cents
Canadian $ UP 57 tick to 97.21.....
In my portfolio :
Added 50% POT @ $91 just 2 cents above low of the day....must be my lucky day !!!!
Portfolio is AAPL,BAC,COMS,MRVL,POT,RIMM......
Most stocks are UP......
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 13, 2009
Nasdaq closed Green....while S&P 500 & Dow took a quick nap....
Nasdaq closed green on high volume....
S&P 500 & Dow closed near high of the day.....
AH INTC EPS was a beat by 5 cents ...INTC also had a beat on Sales & guiding Sales higher for Q4......very upbeat about PC sales going forward......All techs were higher AH......
In my portfolio :
Sold HL
Sold AUY
Bought AAPL @ $190.40
Bought BAC @ $17.75
Portfolio is AAPL,BAC,COMS,MRVL,POT,RIMM......
AH futures are looking "skywards"
AH Nikkei opened Green
AH Oil is UP......
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Dow closed near high of the day.....
AH INTC EPS was a beat by 5 cents ...INTC also had a beat on Sales & guiding Sales higher for Q4......very upbeat about PC sales going forward......All techs were higher AH......
In my portfolio :
Sold HL
Sold AUY
Bought AAPL @ $190.40
Bought BAC @ $17.75
Portfolio is AAPL,BAC,COMS,MRVL,POT,RIMM......
AH futures are looking "skywards"
AH Nikkei opened Green
AH Oil is UP......
BLOG does NOT give buy or sell.
Saleem
Can S&P 500 gain SEVEN day's in a row...YES we CAN !!!
Indices are trying to stay in GREEN..even when Financials are weak thanks to GS downgrade by Meredith Whitney....
There is a very good chance that S&P 500 can make seven day's of gains in a row.....
Gold UP $6.10
Oil UP 80 cents
Canadian $ UP another 50 tick to 97.12 cents another 52 wk HIGH......
Portfolio is AUY,COMS,HL,MRVL,POT,RIMM.......
@ 12.11 following are GREEN :
RIMM,POT,MRVL,AUY,HL,PIR,EBAY,SLW,NTES,AMZN,
NVDA,PMCS,V,IAG,KGC,CCJ,WYNN,EGLE,LVS,ABX,GG.
BLOG does NOT give buy or sell.
Saleem
There is a very good chance that S&P 500 can make seven day's of gains in a row.....
Gold UP $6.10
Oil UP 80 cents
Canadian $ UP another 50 tick to 97.12 cents another 52 wk HIGH......
Portfolio is AUY,COMS,HL,MRVL,POT,RIMM.......
@ 12.11 following are GREEN :
RIMM,POT,MRVL,AUY,HL,PIR,EBAY,SLW,NTES,AMZN,
NVDA,PMCS,V,IAG,KGC,CCJ,WYNN,EGLE,LVS,ABX,GG.
BLOG does NOT give buy or sell.
Saleem
Monday, October 12, 2009
S&P 500 UP SIX day's in a row...NICE !!!!
When S&P 500 is UP SIX day's in a row...you know that shorts are hurting "big time"....
Art Cashin sounds "really frustrated"..his team of shorts must be demanding their money back???
Guy Adami still "fighting the TAPE"...smart investor KNOWS when to QUIT bad thesis /trades....now he is leaning on Doug Kass who proclaimed market TOP @ S&P 1,000 & now claiming to have his highest short position...i am NOT sure that his short strategy has been profitable???
Gold closed @ 1056.70
Oil closed @ $73.27
Canadian $ closed @ 96.75 + 1.00 cent......
Lot of shorts are making noise about low volume today.....guess what there was Columbus day holiday in US...Nikkei was on holiday and Canada was closed for thanksgiving...all that adds up to low volume...
Among strong stocks were MRVL,GOOG,MA,GS,V,SU,LRCX,GRMN,AMD,PIR,BAC.....
AH Futures are mini RED.....
NIKKEI is UP .38%
BLOG does NOT give buy or sell.
Saleem
Art Cashin sounds "really frustrated"..his team of shorts must be demanding their money back???
Guy Adami still "fighting the TAPE"...smart investor KNOWS when to QUIT bad thesis /trades....now he is leaning on Doug Kass who proclaimed market TOP @ S&P 1,000 & now claiming to have his highest short position...i am NOT sure that his short strategy has been profitable???
Gold closed @ 1056.70
Oil closed @ $73.27
Canadian $ closed @ 96.75 + 1.00 cent......
Lot of shorts are making noise about low volume today.....guess what there was Columbus day holiday in US...Nikkei was on holiday and Canada was closed for thanksgiving...all that adds up to low volume...
Among strong stocks were MRVL,GOOG,MA,GS,V,SU,LRCX,GRMN,AMD,PIR,BAC.....
AH Futures are mini RED.....
NIKKEI is UP .38%
BLOG does NOT give buy or sell.
Saleem
Dow hitting another 09 HIGHS today...NICE !!!
Indices are all UP & very close to breaking out...Dow took out previous 09 high today......
Gold UP $8.30
Oil UP $1.43
Canadian $ is @ new 52 wk HIGH UP 1.03 cent against US$....it takes 96.78 US cent for 1 CAD...
In my portfolio :
Bought COMS @ $5.73
Portfolio is AUY,COMS,HL,MRVL,POT,RIMM......
@ 12.03 following are green :
RIMM,AUY,HL,COMS,MRVL,TLM,TSL,BAC,PIR,
IAG,C,GE,STP,MA,GOOG,V,SU,SOL,CTRN,LULU,
JRCC,LVS,SPWRA,FSLR,SNE,GS.
BLOG does NOT give buy or sell.
Saleem
Gold UP $8.30
Oil UP $1.43
Canadian $ is @ new 52 wk HIGH UP 1.03 cent against US$....it takes 96.78 US cent for 1 CAD...
In my portfolio :
Bought COMS @ $5.73
Portfolio is AUY,COMS,HL,MRVL,POT,RIMM......
@ 12.03 following are green :
RIMM,AUY,HL,COMS,MRVL,TLM,TSL,BAC,PIR,
IAG,C,GE,STP,MA,GOOG,V,SU,SOL,CTRN,LULU,
JRCC,LVS,SPWRA,FSLR,SNE,GS.
BLOG does NOT give buy or sell.
Saleem
Sunday, October 11, 2009
October + Bears predictions = NEW 09 HIGHS
Well Well Well....
Just when all indices were testing their support @ 50 DMA.......Bears came out of woodwork and made the following predictions :
Dr Roubini predicted 20% to 30% decline in markets....a NYU professor becomes an instant market GURU...without ever coming even close to his "doomsday market predictions"First he predicted Dow 2,000???
Carter Worth of Oppenheimer a technician by trade NEVER saw S&P 500 going above 975..so he is sticking to his theory of S&P 500 going down to 975......
Guy Adami known for being WRONG for this entire bull run predicted 905 & now chomping 950 in S&P 500.....BUT he can RAMBLE stock performance of many stocks after close like a 3 year old....
Art Cashin of UBS...who has been WRONG since March...but get his 10 second comedic relief every day on CNBC....
About Gold :
Dr Roubini is also an expert on Gold prices.... is saying that Gold has NO business being this HIGH..I wonder why GOLD NEVER seeks his permission to go into record territory like all time high.....
Dennis Gartman the commodity KING has become the-worst trader of all thing commodity..going short when they are going UP and going LONG when they are going Down..then being stopped out and then Jump back in...real YOYO trader....
Guy Adami has been WRONG on GOLD for last 10 months and still tells viewers how to trade @ all time HIGHS.....I wonder why he is on the panel..has NO clue about Market or Commodities...
So all the Bears could not knock this market down @ start of October...CNBC viewers must be very CONFUSED with so many Professors being WRONG & still TALK like as if they know anything about market & Commodities......
So...we are all set to go to new HIGHS in October....
How ironic..first we were told by technicians & CNBC experts that September was the month to fear when we ended up making 09 highs..NOW October was suppose to create a CRASH that we could never recover from????
October ER are expected to beat in both TOP & Bottom line as an average......thus creating new 09 HIGHS in the process......
Strong stocks are going to go HIGHER......like GOOG,AAPL,BIDU,GS,ISRG,MA,V,AMZN,TSL,EBAY..
Laggards MAY start to participate like RIMM,POT,MOS,AGU,IPI,GNK,EGLE...
Semiconductors will outperform like MRVL,NVDA,SNDK,LSI
Networking stocks are looking strong like RVBD,COMS,CSCO....
Commodities going to take off...Like Gold ,Silver,Copper,Molybdenum,Steel,Coal....some names are AUY,HL,SLW,GG,KGC,TC,X,BUCY,BTU......
US$ will continue its weakness....
SO...we have lot to look forward to in October where bears/skeptics will be the losers AGAIN...
Make sure you are comfortable with your exposure & can take temporary setbacks of 5%.....also make sure you are diversified as it is a long term bull market..so it is OK to have some laggards in your portfolio who will eventually outperform......
BLOG does NOT give buy or sell.
Saleem
Just when all indices were testing their support @ 50 DMA.......Bears came out of woodwork and made the following predictions :
Dr Roubini predicted 20% to 30% decline in markets....a NYU professor becomes an instant market GURU...without ever coming even close to his "doomsday market predictions"First he predicted Dow 2,000???
Carter Worth of Oppenheimer a technician by trade NEVER saw S&P 500 going above 975..so he is sticking to his theory of S&P 500 going down to 975......
Guy Adami known for being WRONG for this entire bull run predicted 905 & now chomping 950 in S&P 500.....BUT he can RAMBLE stock performance of many stocks after close like a 3 year old....
Art Cashin of UBS...who has been WRONG since March...but get his 10 second comedic relief every day on CNBC....
About Gold :
Dr Roubini is also an expert on Gold prices.... is saying that Gold has NO business being this HIGH..I wonder why GOLD NEVER seeks his permission to go into record territory like all time high.....
Dennis Gartman the commodity KING has become the-worst trader of all thing commodity..going short when they are going UP and going LONG when they are going Down..then being stopped out and then Jump back in...real YOYO trader....
Guy Adami has been WRONG on GOLD for last 10 months and still tells viewers how to trade @ all time HIGHS.....I wonder why he is on the panel..has NO clue about Market or Commodities...
So all the Bears could not knock this market down @ start of October...CNBC viewers must be very CONFUSED with so many Professors being WRONG & still TALK like as if they know anything about market & Commodities......
So...we are all set to go to new HIGHS in October....
How ironic..first we were told by technicians & CNBC experts that September was the month to fear when we ended up making 09 highs..NOW October was suppose to create a CRASH that we could never recover from????
October ER are expected to beat in both TOP & Bottom line as an average......thus creating new 09 HIGHS in the process......
Strong stocks are going to go HIGHER......like GOOG,AAPL,BIDU,GS,ISRG,MA,V,AMZN,TSL,EBAY..
Laggards MAY start to participate like RIMM,POT,MOS,AGU,IPI,GNK,EGLE...
Semiconductors will outperform like MRVL,NVDA,SNDK,LSI
Networking stocks are looking strong like RVBD,COMS,CSCO....
Commodities going to take off...Like Gold ,Silver,Copper,Molybdenum,Steel,Coal....some names are AUY,HL,SLW,GG,KGC,TC,X,BUCY,BTU......
US$ will continue its weakness....
SO...we have lot to look forward to in October where bears/skeptics will be the losers AGAIN...
Make sure you are comfortable with your exposure & can take temporary setbacks of 5%.....also make sure you are diversified as it is a long term bull market..so it is OK to have some laggards in your portfolio who will eventually outperform......
BLOG does NOT give buy or sell.
Saleem
Saturday, October 10, 2009
BUY rated stocks for " New 09 HIGHS" !!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
AUY,QXM,RVBD,ERJ,TDY,CHDX,SHLD,MIPS,
JRCC,ARAY,CAAS,CAGC,CROX,CNQ,ECA,MU,
PIR,PLA,WDC.
Next post by 10AM Sunday.
PS...post delayed due to urgent chores.
BLOG does NOT give buy or sell.
Saleem
AUY,QXM,RVBD,ERJ,TDY,CHDX,SHLD,MIPS,
JRCC,ARAY,CAAS,CAGC,CROX,CNQ,ECA,MU,
PIR,PLA,WDC.
Next post by 10AM Sunday.
PS...post delayed due to urgent chores.
BLOG does NOT give buy or sell.
Saleem
Friday, October 9, 2009
DOW closed @ highest level since Oct 08...NICE !!!
We have completed seven trading day's in much feared month of October & the results so far are beyond belief.......
Dow has the HIGHEST close since Oct of 08.....as we all know that new highs begets more new highs......
S&P 500 is also closing in towards its recent 09 high of 1080.15..we closed today @ 1071.49
Nasdaq closed @ 2139.28 getting close to its recent 09 high of 2167.70...
VIX closed @ 23.12...also near its low of 09......
Gold did not budge too much with BB statement about raising interest rates.....US$ still going LOWER & GOLD going HIGHER..Gold closed @ $1050.10 down $6.20
By 10AM Saturday..I will list BUY rated stocks.
BLOG does NOT give buy or sell.
Saleem
Dow has the HIGHEST close since Oct of 08.....as we all know that new highs begets more new highs......
S&P 500 is also closing in towards its recent 09 high of 1080.15..we closed today @ 1071.49
Nasdaq closed @ 2139.28 getting close to its recent 09 high of 2167.70...
VIX closed @ 23.12...also near its low of 09......
Gold did not budge too much with BB statement about raising interest rates.....US$ still going LOWER & GOLD going HIGHER..Gold closed @ $1050.10 down $6.20
By 10AM Saturday..I will list BUY rated stocks.
BLOG does NOT give buy or sell.
Saleem
Indices GREEN so far....NICE !!!!
Market is GREEN for five day's in a row for S&P 500 & Nasdaq......
Friday is generally profit taking day so we are NOT doing bad all.....
Gold Down $10.80
Oil Down 43 cents
Canadian $ is @ new 52 wk high against US$ UP 87 tick to 95.87.....it actually crossed 96 cents earlier..Canada saw Job GROWTH of 30,000 vs expectations of 10,000 second consecutive month of job growth.....Unemployment went down to 8.4% from 8.7%....
In my portfolio :
Bought HL cost $4.78
Bought AUY Gold producer cost $12.08
Portfolio is AUY,HL,MRVL,POT,RIMM....
@ 12.52 following are green:
RIMM,MRVL,AAPL,TLM,PIR,COMS,ICE,IGT,
MA,BIDU,ISRG,GS,VAR,GOOG.
BLOG does NOT give buy or sell.
Saleem
Friday is generally profit taking day so we are NOT doing bad all.....
Gold Down $10.80
Oil Down 43 cents
Canadian $ is @ new 52 wk high against US$ UP 87 tick to 95.87.....it actually crossed 96 cents earlier..Canada saw Job GROWTH of 30,000 vs expectations of 10,000 second consecutive month of job growth.....Unemployment went down to 8.4% from 8.7%....
In my portfolio :
Bought HL cost $4.78
Bought AUY Gold producer cost $12.08
Portfolio is AUY,HL,MRVL,POT,RIMM....
@ 12.52 following are green:
RIMM,MRVL,AAPL,TLM,PIR,COMS,ICE,IGT,
MA,BIDU,ISRG,GS,VAR,GOOG.
BLOG does NOT give buy or sell.
Saleem
Thursday, October 8, 2009
Indices UP .63% to .75%.......NICE !!!
S&P 500 & Nasdaq were UP 4 day's in a row...Dow had 3 out of 4 UP day's...
Internals were much stronger than close as listed below :
UP volume led by 3.03 to 1 in NYSE & 2.35 to 1 on Nasdaq
Advancing stock led by 2.67 to 1 in NYSE & 1.39 to 1 in Nasdaq
New 52 wk high 379 in NYSE & 171 In Nasdaq
So far October is behaving better than expectations.......
Booking profit may not be a bad idea as volatility CAN eat some of the profit.....
VIX closed @ 24.18 UP 2.03%
AH Futures are UP in Dow & S&P 500 but Down in Nasdaq....
AH Oil Down
AH Gold Down
AH Nikkei UP .96%
BLOG does NOT give buy or sell.
Saleem
Internals were much stronger than close as listed below :
UP volume led by 3.03 to 1 in NYSE & 2.35 to 1 on Nasdaq
Advancing stock led by 2.67 to 1 in NYSE & 1.39 to 1 in Nasdaq
New 52 wk high 379 in NYSE & 171 In Nasdaq
So far October is behaving better than expectations.......
Booking profit may not be a bad idea as volatility CAN eat some of the profit.....
VIX closed @ 24.18 UP 2.03%
AH Futures are UP in Dow & S&P 500 but Down in Nasdaq....
AH Oil Down
AH Gold Down
AH Nikkei UP .96%
BLOG does NOT give buy or sell.
Saleem
Indices UP from .86% to 1.10%..NICE !!!!
AA sparked rally which was also helped by unemployment claims which fell to lowest level in a year......
GOLD UP $12.50
OIL UP $1.76
Canadian $ UP 67 tick to new HIGH of 94.80 cent US for 1 CAD......
In my portfolio :
SOLD AA
SOLD GNK
Portfolio is MRVL,POT,RIMM......
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
GOLD UP $12.50
OIL UP $1.76
Canadian $ UP 67 tick to new HIGH of 94.80 cent US for 1 CAD......
In my portfolio :
SOLD AA
SOLD GNK
Portfolio is MRVL,POT,RIMM......
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, October 7, 2009
AA lit fire in Futures & AH trades...NICE !!!!
AA which was suppose to show loss of 9 cents actually made 4 cents and also beat on Sales...guidance was also better for 2nd half.......most so-called professional traders were short AA or just ignored this as a loser stock.....AA closed AH @ $15.......
Because of AA ER AH..most stocks in every sector were UP......
AH Futures are flying towards heaven .....
DOW +73.42
Nasdaq +13.50
S&P 500 +8.52
When was the last time when you saw AH futures this strong????
AH Nikkei UP
AH GOLD UP
AH OIL UP
BLOG does NOT give buy or sell.
Saleem
Because of AA ER AH..most stocks in every sector were UP......
AH Futures are flying towards heaven .....
DOW +73.42
Nasdaq +13.50
S&P 500 +8.52
When was the last time when you saw AH futures this strong????
AH Nikkei UP
AH GOLD UP
AH OIL UP
BLOG does NOT give buy or sell.
Saleem
Indices are small red waiting for AA ER.......
Indices are in wait & see mode as AA ER starts AH......
Gold UP $3.80
Oil Down $1.16
Canadian $ Down 23 tick after record high close yesterday...
In my portfolio :
Bought AA my cost $14.05...reports AH
Portfolio is AA,GNK,MRVL,POT,RIMM.....
@ 12.28 following are green :
RIMM,GNK,POT,AA,TSL,BAC,AMZN,IPI,
GOOG,BIDU,GS,MA,V,JRCC,EGLE,FSLR.
BLOG does NOT give buy or sell.
Saleem
Gold UP $3.80
Oil Down $1.16
Canadian $ Down 23 tick after record high close yesterday...
In my portfolio :
Bought AA my cost $14.05...reports AH
Portfolio is AA,GNK,MRVL,POT,RIMM.....
@ 12.28 following are green :
RIMM,GNK,POT,AA,TSL,BAC,AMZN,IPI,
GOOG,BIDU,GS,MA,V,JRCC,EGLE,FSLR.
BLOG does NOT give buy or sell.
Saleem
Tuesday, October 6, 2009
1.37% to 1.71% gain on HIGH volume ....NICE !!!
Indices showed their strength two days in a row on HIGH volume....
Gold was the-superstar by hitting all time HIGH....
Jimmy the Cramer who called for Dow 9,000 last week is trying to cover his team short positions by claiming he knows that market is heading LOWER.....showing charts which makes no point....we ARE in an ASCENDING market with usual periodic pullbacks.....
In my portfolio :
Sold HL
Portfolio is GNK,MRVL,POT,RIMM
AH Nikkei is UP
AH Oil is UP
AH Gold is UP
AH Futures are small red....
BLOG does NOT give buy or sell.
Saleem
Gold was the-superstar by hitting all time HIGH....
Jimmy the Cramer who called for Dow 9,000 last week is trying to cover his team short positions by claiming he knows that market is heading LOWER.....showing charts which makes no point....we ARE in an ASCENDING market with usual periodic pullbacks.....
In my portfolio :
Sold HL
Portfolio is GNK,MRVL,POT,RIMM
AH Nikkei is UP
AH Oil is UP
AH Gold is UP
AH Futures are small red....
BLOG does NOT give buy or sell.
Saleem
Rally ON for 2nd day.....NICE !!!!
Rally for two days in a row is a confirmation of change in TREND.....
TREND is UP...
Shorts are getting it on the chin AGAIN......IF you want to fight the TAPE or think your personal opinion will change the market...you are going to miss the biggest bull run......
GOLD UP to new all time HIGH +$22.80
OIL UP $1.13
Canadian $ is @ new HIGH against US$ 94.53 UP 1.08 cent
Portfolio is GNK,HL,MRVL,POT,RIMM.
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
TREND is UP...
Shorts are getting it on the chin AGAIN......IF you want to fight the TAPE or think your personal opinion will change the market...you are going to miss the biggest bull run......
GOLD UP to new all time HIGH +$22.80
OIL UP $1.13
Canadian $ is @ new HIGH against US$ 94.53 UP 1.08 cent
Portfolio is GNK,HL,MRVL,POT,RIMM.
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
Monday, October 5, 2009
Indices closed UP .98% to 1.49%...NICE !!!
Market defied bear thesis by staying strong whole day & closed near high of the day....
Volume was lower in S&P 500 but was high in Nasdaq...which is a good thing.....
Internals were stronger than close with advancing volume led by 8.96 to 1 in NYSE & 4.58 to 1 in Nasdaq....
MOS reported lower earning but are predicting return of volume.....AG were UP AH.....
Canadian $ had the highest close against US$ 93.45 cents US for 1 CAD......
AH futures are green...
AH Nikkei is UP
BLOG does NOT give buy or sell.
Saleem
Volume was lower in S&P 500 but was high in Nasdaq...which is a good thing.....
Internals were stronger than close with advancing volume led by 8.96 to 1 in NYSE & 4.58 to 1 in Nasdaq....
MOS reported lower earning but are predicting return of volume.....AG were UP AH.....
Canadian $ had the highest close against US$ 93.45 cents US for 1 CAD......
AH futures are green...
AH Nikkei is UP
BLOG does NOT give buy or sell.
Saleem
Indices UP from .70% to .96%...NICE !!!!
Indices are all GREEN....thanks to negative sentiments created by media/pundits for October....
So...Carter Worth(975),Guy Adami (950),Jimmy the Cramer(Dow 9,000) are earning their well earned reputation of "lousy market timer for 2009"......they earn it every other day by predicting S&P 500 crashing to 950......I am sure they do know what they are talking about...BUT it NEVER happens????
Gold UP $7.80
Oil Down $1.30
Canadian $ UP 55 tick....
Portfolio is GNK,HL,MRVL,POT,RIMM......
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
So...Carter Worth(975),Guy Adami (950),Jimmy the Cramer(Dow 9,000) are earning their well earned reputation of "lousy market timer for 2009"......they earn it every other day by predicting S&P 500 crashing to 950......I am sure they do know what they are talking about...BUT it NEVER happens????
Gold UP $7.80
Oil Down $1.30
Canadian $ UP 55 tick....
Portfolio is GNK,HL,MRVL,POT,RIMM......
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
Sunday, October 4, 2009
Is October going to be as bad as feared ?????
Fear has gripped traders in a big way......
October is being positioned as the month to be afraid of....
Let us look objectively @ this "October" phenomenon......
S&P 500 peaked in 3rd week of September @ 1080.15.......
On October 2nd we closed @ 1025.21..a drop of 54.94 points or a drop of 5.09%....
A 5% retracement is actually healthy and have discounted sluggishness in economic growth already....
Friday's volume was less than previous 2 days...while the economic report was shocking......
Smart money was actually buying on panic selling...that is why we closed 5.26 S&P points above low of the day.....
When market do not close @ low of the day on Bad news...pay attention.....
RSI in S&P 500 closed @ 44.05 which is few points above July low.....
I have a feeling that we build from here and eventually will work HIGHER....
Those who have numbers like Dow 9,000 should pay MORE attention to RSI of last 4 months to get a "better feel of the market"
I strongly believe that once we move away from current levels..we are going much much HIGHER...so this could be a "buying opportunity "
I firmly believe that we are very close to "bottom"
This market has shown clear cut winners like AAPL,GS,GOOG,ISRG...IF you had ridden some or all of them..congratulations..you are exceptional in this market.....
World economies are showing GROWTH & stock markets are reflecting this growth in INDIA which has sprung to new 52 wk HIGH......
SO... do not be taken by media in believing that US growth is questionable ...GDP is expected to show GROWTH in Q3 & strong growth in Q4...
Make sure you have your OWN game plan which ensures your OWN comfort level.No matter how you position your portfolio make sure you are DIVERSIFIED in many sectors.
BLOG does NOT give buy or sell.
Saleem
October is being positioned as the month to be afraid of....
Let us look objectively @ this "October" phenomenon......
S&P 500 peaked in 3rd week of September @ 1080.15.......
On October 2nd we closed @ 1025.21..a drop of 54.94 points or a drop of 5.09%....
A 5% retracement is actually healthy and have discounted sluggishness in economic growth already....
Friday's volume was less than previous 2 days...while the economic report was shocking......
Smart money was actually buying on panic selling...that is why we closed 5.26 S&P points above low of the day.....
When market do not close @ low of the day on Bad news...pay attention.....
RSI in S&P 500 closed @ 44.05 which is few points above July low.....
I have a feeling that we build from here and eventually will work HIGHER....
Those who have numbers like Dow 9,000 should pay MORE attention to RSI of last 4 months to get a "better feel of the market"
I strongly believe that once we move away from current levels..we are going much much HIGHER...so this could be a "buying opportunity "
I firmly believe that we are very close to "bottom"
This market has shown clear cut winners like AAPL,GS,GOOG,ISRG...IF you had ridden some or all of them..congratulations..you are exceptional in this market.....
World economies are showing GROWTH & stock markets are reflecting this growth in INDIA which has sprung to new 52 wk HIGH......
SO... do not be taken by media in believing that US growth is questionable ...GDP is expected to show GROWTH in Q3 & strong growth in Q4...
Make sure you have your OWN game plan which ensures your OWN comfort level.No matter how you position your portfolio make sure you are DIVERSIFIED in many sectors.
BLOG does NOT give buy or sell.
Saleem
Saturday, October 3, 2009
BUY rated stocks for " another UPLEG" !!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
ATLS,TNDM,DAKT,TIBX,TASR,SIGM,PDC,
NUS,SSRX,JRJC,DF,KOF,ZOLL.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ATLS,TNDM,DAKT,TIBX,TASR,SIGM,PDC,
NUS,SSRX,JRJC,DF,KOF,ZOLL.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, October 2, 2009
.23% to .46% pullback @ close????
All the bears enthusiasm for a "major crash"...did NOT pan out AGAIN????
For all the downside target for markets..we are still ABOVE 50 DMA in S&P 500....I guess Bears have NO followers....
Today's close has to be taken as "major POSITIVE"
By 10 AM Saturday ..I will post a list of buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
For all the downside target for markets..we are still ABOVE 50 DMA in S&P 500....I guess Bears have NO followers....
Today's close has to be taken as "major POSITIVE"
By 10 AM Saturday ..I will post a list of buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Market fighting its way back to UNCH !!!!
So...we got the much dreaded jobs report which was expected to be worst than consensus of 175k to 180k.....we got 263K......GS was @ 250K which also was a miss..as predicted by me????
So the combined talent of all the IVY league economists means big fat 0...and they get paid in millions$ for missing the mark by 46%....????
S&P 500 found support @ 1019.95.......50DMA is 1021.71........
This pullback was healthy and we have found support.....NOW we build strength and move forward..to higher HIGHS......
OIL Down $1.63
Gold UP $3.50
Canadian $ UP 24 tick
Portfolio is GNK,HL,MRVL,POT,RIMM......
@ 1.32 following are green :
AAPL,MRVL,TSL,BAC,WYNN,BIDU,LVS,
FSLR,ISRG,GS,SINA,GOOG.
PS...Went for ultra sound..got cleared of any Gall Bladder issues..but they found abscess in my bowel...means seeing a surgeon & going for CAT scan early next week.....
BLOG does NOT give buy or sell.
Saleem
So the combined talent of all the IVY league economists means big fat 0...and they get paid in millions$ for missing the mark by 46%....????
S&P 500 found support @ 1019.95.......50DMA is 1021.71........
This pullback was healthy and we have found support.....NOW we build strength and move forward..to higher HIGHS......
OIL Down $1.63
Gold UP $3.50
Canadian $ UP 24 tick
Portfolio is GNK,HL,MRVL,POT,RIMM......
@ 1.32 following are green :
AAPL,MRVL,TSL,BAC,WYNN,BIDU,LVS,
FSLR,ISRG,GS,SINA,GOOG.
PS...Went for ultra sound..got cleared of any Gall Bladder issues..but they found abscess in my bowel...means seeing a surgeon & going for CAT scan early next week.....
BLOG does NOT give buy or sell.
Saleem
Thursday, October 1, 2009
SO...How BAD was IT ?????
Markets were staring @ economic data's which came below expectations....NOT the first time BUT reaction was severe.....
October did not help the sentiments either so lot of selling took hold & rest is known.....closing @ lows of the day......
Internals of the markets were far worse than closing numbers...here is the lowdown :
Declining volume led by 18.9 to 1 in NYSE & 21 to 1 in Nasdaq...i do NOT recall looking @ this kind of ratio????
Declining stocks led by 5 to 1 all over......
This selling has brought many pundits AGAIN making DIRE predictions for the market straight ahead.....
Carter Worth after being WRONG for months NOW knows that we are heading straight to 975 in S&P.....
Guy Adami the winner of missing the entire RUNUP..now knows exactly where we are heading..straight to 950....remember he use to say 905 for last 4 months????
Cramer thinks we are heading straight to 9,000 in Dow which is a drop of another 500 points???Cramer has NOT called the market corrections with any degree of success.......
So where we are in Indices and where we MAY find support :
S&P 500 closed @ 1029.85...50 DMA 1020.73...support 1017 area
So WHY did we went down so sharply & no buyers????I think there was a LEAK that jobs report will be worse than expected loss of 180K...so GS came UP with their SECRET info & predicting that 250K will be job loss...I think GS will come close..but MAY still miss the mark????
Jobs report MAY bring more selling...then buyers SHOULD step in @ these low RSI numbers...45.78 RSI for S&P......
In my portfolio :
Sold GSS
Portfolio is GNK,HL,MRVL,POT,RIMM....
AH NIKKEI is Down 2.16%
AH Futures are all GREEN ????
BLOG does NOT give buy or sell.
Saleem
October did not help the sentiments either so lot of selling took hold & rest is known.....closing @ lows of the day......
Internals of the markets were far worse than closing numbers...here is the lowdown :
Declining volume led by 18.9 to 1 in NYSE & 21 to 1 in Nasdaq...i do NOT recall looking @ this kind of ratio????
Declining stocks led by 5 to 1 all over......
This selling has brought many pundits AGAIN making DIRE predictions for the market straight ahead.....
Carter Worth after being WRONG for months NOW knows that we are heading straight to 975 in S&P.....
Guy Adami the winner of missing the entire RUNUP..now knows exactly where we are heading..straight to 950....remember he use to say 905 for last 4 months????
Cramer thinks we are heading straight to 9,000 in Dow which is a drop of another 500 points???Cramer has NOT called the market corrections with any degree of success.......
So where we are in Indices and where we MAY find support :
S&P 500 closed @ 1029.85...50 DMA 1020.73...support 1017 area
So WHY did we went down so sharply & no buyers????I think there was a LEAK that jobs report will be worse than expected loss of 180K...so GS came UP with their SECRET info & predicting that 250K will be job loss...I think GS will come close..but MAY still miss the mark????
Jobs report MAY bring more selling...then buyers SHOULD step in @ these low RSI numbers...45.78 RSI for S&P......
In my portfolio :
Sold GSS
Portfolio is GNK,HL,MRVL,POT,RIMM....
AH NIKKEI is Down 2.16%
AH Futures are all GREEN ????
BLOG does NOT give buy or sell.
Saleem
Correction is a "buying opportunity"....YES !!!!
Markets are reacting to less than "ideal economic numbers"......
Indices are being sold off in reaction to economic numbers.....although IMF has increased worldwide GDP growth expectations for 2009 & 2010......
Corrections are healthy & give "better" entry points......
Yes...it IS October...BUT there is tremendous amount of FEAR already priced-in......
I have a feeling that October will "surprise" us just like September......based on current negative sentiment....
IF you are looking for support in S&P 500 it is @ 50 DMA..which is 1020.91..we are about 13 points away.....BUT NOT all stocks will make lows near that level????....RSI 47.17..great entry point...YES !!!!
Oil Down 31 cents
Gold Down $6.80
Canadian $ Down 62 tick.....after hitting highest close yesterday @ 93.40 US for 1 CAD....
In my portfolio :
Sold SOL pre-market yesterday @ $5.05...09 biggest losing trade.....
Sold COMS....for profit
Sold HOU.TO for profit
Bought RIMM cost $68.25
Bought GNK cost $21.10
Portfolio is GNK,GSS,HL,MRVL,POT,RIMM....
@1.04 following are green :
CTRN,MA,V.....
PS.....My diagnosis is of "inflammation" in my Gall Bladder & the pain HAS subsided 90% already.....I am going for Ultra sound for my Gall bladder area @ 930AM Friday......
Sincere thanks for all the messages for my health......
BLOG does NOT give buy or sell.
Saleem
Indices are being sold off in reaction to economic numbers.....although IMF has increased worldwide GDP growth expectations for 2009 & 2010......
Corrections are healthy & give "better" entry points......
Yes...it IS October...BUT there is tremendous amount of FEAR already priced-in......
I have a feeling that October will "surprise" us just like September......based on current negative sentiment....
IF you are looking for support in S&P 500 it is @ 50 DMA..which is 1020.91..we are about 13 points away.....BUT NOT all stocks will make lows near that level????....RSI 47.17..great entry point...YES !!!!
Oil Down 31 cents
Gold Down $6.80
Canadian $ Down 62 tick.....after hitting highest close yesterday @ 93.40 US for 1 CAD....
In my portfolio :
Sold SOL pre-market yesterday @ $5.05...09 biggest losing trade.....
Sold COMS....for profit
Sold HOU.TO for profit
Bought RIMM cost $68.25
Bought GNK cost $21.10
Portfolio is GNK,GSS,HL,MRVL,POT,RIMM....
@1.04 following are green :
CTRN,MA,V.....
PS.....My diagnosis is of "inflammation" in my Gall Bladder & the pain HAS subsided 90% already.....I am going for Ultra sound for my Gall bladder area @ 930AM Friday......
Sincere thanks for all the messages for my health......
BLOG does NOT give buy or sell.
Saleem
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