Monday, November 30, 2009

Green close on HIGH volume...NICE !!!!

Markets fought negativity from Dubai to Bears who were screaming that "end is NEAR for this bull"

Carter Worth still looking SAD & DEPRESSED and playing his "bear card on fast Money"

Doug Kass still trying hard for his "bear thesis" with his daily rant on street.com

David Rosenberg is predicting DEPRESSION for US AGAIN.......

With all this Bear HOWLING...we keep marching UP.....these bears are great contrary indicator..

AH Oil Down

AH Gold Down

AH Silver Down

AH Nikkei Down

AH Hang Seng UP

AH Futures are mixed means DOW & S&P 500 UP & Nasdaq Down.....

Strong stocks included TSL,SOLF, AMZN,MA,STP,PWRD,NTES,GS,
SOHU,X,SEED.....

BLOG does NOT give buy or sell.

Saleem

Dubai hangover continues.....

After trading closed in UAE today..Dubai Government issued a statement saying that Dubai Government will NOT back the debt of Dubai World which is in default...they are saying that Creditors also have to bear the "consequences" of lending......this statement came right before NY trading began.......

Markets are trying to digest latest Dubai news......

So far Indices are down .15% to .52%...Dow being the best.....

Gold Down $1.60

Oil UP 16 cents

Canadian $ UP 32 tick as Canadian economic reports are coming better than expected.....

In my portfolio :

SOLD M

SOLD LVS

Bought EXPE @ $24.98

Bought POT @ $111.95

I have completed my year end tax loss selling today !!!!

Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.....

@ 12.22 following are green :

TSL,SOLF,POT,AUY,SLW,STP,GS,CSIQ,IAG,SINA,
NTES,KGC,CCJ,WYNN,MA,SOHU,ABX,SPWRA,IBN,
AMZN,AGU.

BLOG does NOT give buy or sell.

Saleem

Sunday, November 29, 2009

Dubai became another reason to BUY on weakness !!!!

So...world stock market was rattled by 6 months delay of $3 billion payment on a $60 billion loan???

World is swimming in bailout money in "trillions" and we are getting rattled by Dubai "real estate" bubble which was known to everyone who follows Middle East???

Real Estate BUST of Dubai was KNOWN for last 12 months.....thousands of project has been cancelled....developers have been arrested & fined for months ......

BUT.....markets ARE elevated..so someone had to make money on this "mini" event......

Hang Seng Down <4.84%>
Nikkei Down <3.22%>
China Down <2.36%>
Europe Down <3.0%>
Toronto Down <1.72%>

So ..it became Wall Street turn to "eat the crow"

Futures predicted that Wall Street will be down...but % down in futures were on the low end?

So we hit the skid and tumbled @ open...but by close in a shortened trading session we performed BETTER than all world exchanges?

Dow Down <1.48%> RSI 56.38

Nasdaq Down <1.73%> RSI 48.85

S&P 500 Down <1.72%> RSI 50.51

Only Nasdaq went below 50 DMA but closed well above.

So..based on "non Dubai event" markets are ready to RESUME their uptrend......

Remember we have been constantly told that each month from July to be Down but we have managed to close HIGHER & HIGHER each month......NOW for some of you it is NOT enough strength as you keep waiting for that "invisible shoe to drop"....????

It is SAD to see that so many traders have missed this "HUGE RUNUP" because they keep shorting this market /stocks based on the recommendations of Adami the failure of 09????

WHY would you listen to technicians who have been proven WRONG since July.....that is ETERNITY on Wall Street ?????

It is NOT too late to get in the game of making money instead of losing or not growing your hard earned wealth???? Why some are NOT doing it....BEATS ME !!!!

Retail sales as per FEAR mounted by skeptics is coming out AHEAD of predictions +.05% & Online Sales are zooming 35%+++

I am expecting markets to react to positive retail numbers......

Here is my $ allocation as of Friday's close :

TSL 31.90% Fully integrated Solar
AAPL 26.98% Tech/PC/Smartphone
M 11.41% Retail/Department Stores
LVS 10.61% Casino developer/ Operator
MRVL 10.50% Tech/PC/Smartphone chip supplier
SOLF 8.60% Fully integrated Solar

Although my portfolio is well diversified but it is heavily weighted in Solar with 40.50% & 37.45% in Tech ....

Please be diversified & ride this market UP with confidence by booking gains & buying stocks on pullbacks.

BLOG does NOT give buy or sell.

Saleem

Saturday, November 28, 2009

Buy rated stocks for "Dubai oversold" Rally !!!!!

Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.

TSL,SOLF,CSIQ,MRVL,M,AAPL,UXG,TC,POT,
AU,SPAR,NAK,VNDA,SYNA,OVTI,RBY,CHINA,HK.

Next post by 10 AM Sunday.

BLOG does NOT give buy or sell.

Saleem

Wednesday, November 25, 2009

Green close for Thanksgiving...!!!!

Indices are very close to making new HIGHS.....

All indices closed green without any help from Financials......

Gold had a record high close...

Worldwide markets are open on Thursday including Canadian markets open for full trading....

VIX went to new 52 wk low @ 20.05 ..closed @ 20.48

AH Futures are mixed..almost flat....

AH Nikkei UP .13%

AH Hang Seng Down .5%

Gold UP

Silver UP

In my portfolio :

Sold EXPE

Added 115% more TSL @ $43.28..my largest position....

Portfolio is AAPL,LVS,M,MRVL,SOLF,TSL....

Strong stocks included LVS,M,RCI,AGU,IPI,GOOG,BIDU,PWRD,
POT,IAG,GG,SLW,TLM,SOHU,JDSU,INCY.

There will be no post on Thanksgiving Thursday .....enjoy your time with family & friends.

Also there will be no post on Friday...as it is a Muslim holiday worldwide..where i have to go for prayer in the morning & be with family & friends whole day Friday....Back to normal 10AM post on Saturday with a list of "buy rated stocks".

BLOG does NOT give buy or sell.

Saleem

No new Highs in any Indices..so far ????

Markets had all the reason to shoot UP...BUT rally faded right after open.....we are slightly green in all Indices.....

Mortgage rates are hitting lowest point which should give lift to home builders???

Gold went to record all time time highs AGAIN UP $19.40 to $1185.20

Oil UP 81 cents

Canadian $ UP 71 tick as Russian Central Bank is adding CAD in their reserve to diversify away from US$...

VIX @ 20.22 @ new 52 wk low..was as low as 20.05 today

Portfolio is AAPL,EXPE,LVS,M,MRVL,SOLF,TSL....

@ 12.23 following are green :

EXPE,LVS,M,PWRD,POT,SLW,GOOG,BIDU,ISRG,
CMED,JDSU,INCY,AGU,MA,V,SOHU......

Happy Thanksgiving to all BLOG visitors.

BLOG does NOT give buy or sell.

Saleem

Tuesday, November 24, 2009

Can we go to new highs in Market on Wed ????

IF we take the way we close today despite many weak stat & Fed minutes...it CAN be safe to assume that we SHOULD make new HIGHS on Wed......

Market IS showing tremendous resiliency DESPITE organized effort by Doug Kass,Robert Prechter,David Rosenberg,Guy Adami to poke hole into any good economic data and to stretch their imagination to "what could go wrong" Adami is hoping & praying for Iran & Israel to fight each other...what a desperate bunch they are??? They have NOT learned after all these years NOT to fight the TAPE? This bunch include so-called technician,fundamental analyst,economist & a very bad trader.....They must be lot poorer since July????

AH Futures are almost flat...

AH Nikkei UP

AH Hang Seng UP

AH Shanghai UP

AH Singapore UP

AH Gold UP

AH Silver UP

VIX closed @ 20.47 ..52 week low is 20.10...this is telling me that we are going HIGHER and VIX is going to teens which will be new low.....

BLOG does NOT give buy or sell.

Saleem

Mild pullback on economic data & sentiment.....

Markets are digesting their high close of the year & reacting to economic data on GDP & home pricing plus sentiments reading......so far indices down .32% to .55%......not bad considering where we are......S&P still above 1100 !!!!

Gold UP $5.50

Oil Down $1.38

Canadian $ Down 42 tick

In my portfolio :

Bought SOLF @ $6.39

Portfolio is AAPL,EXPE,LVS,M,MRVL,SOLF,TSL....

@ 12.12 following are green :

M,AMZN,GE,NDAQ,CMED,IPI,VAR,SEED.....

BLOG does NOT give buy or sell.

Saleem

Monday, November 23, 2009

Dow closed @ new 52 wk HIGH...NICE !!!!

Dow was technically the strongest index @ close by making a new 52 wk HIGH.......

S&P 500 is only 7 points away from new high....

Highest % gains were recorded by Nasdaq +1.4% , S&P 500 +1.36% then Dow +1.29% @ close...

Gold was the superstar today jumping to $1171+ an all time HIGH....

Robert Prechter made his frequent appearance on CNBC AGAIN on Fast Money to highlight his FLAWED thesis since July..when he predicted that S&P 500 will reach its Peak @ 1000 MAX & will crash below March Low of 666 to S&P 500 to 400.....He also predicted back in July that Gold will CRASH & also PREDICTED that US$ will SURGE...so he has been WRONG on all 3 prediction since July...BUT after being WRONG 100% for last FIVE months ..he can still talk as IF he has been correct since July...only on CNBC where nobody has the GUTS to challenge his wrong thesis..On the contrary Adami has the nerve to say that he AGREES with his thesis NOT based on FACTS but on some convoluted logic only known to Adami???

In my portfolio :

Sold AUY....

Portfolio is AAPL,EXPE,LVS,M,MRVL,TSL...

Big gains were recorded by AAPL,EXPE,GOOG,BIDU,SEED,MA,AMZN,CSIQ...

BLOG does NOT give buy or sell.

Saleem

Dow @ new 09 HIGH....NICE !!!!

Futures were HIGHER from last night and then Housing data gave further boost......Dow @ new 09 HIGH...S&P 500 came very close to taking out old 09 high missed it by 1.31 point.....

US$ is weak again......

Commodities are HIGHER....

Gold UP to new all time record @ $1167.30

Oil UP $1.48

Canadian $ UP 1.35 cent against US$...94.80 cents US for 1 CAD.....

In my portfolio :

Sold GNK

Sold SLW

Bought TSL @ $44.80

Bought EXPE @ $ 25.68

Portfolio is AAPL,AUY,EXPE,LVS,M,MRVL,TSL...

@ 12.24 following are RED :

POT,M,LVS,GNK,NTES,AMTD,AGU,PALM,VLO,TKC,CIEN.....

BLOG does NOT give buy or sell.

Saleem

Sunday, November 22, 2009

Option expiry & Thanksgiving are positive for Markets !!!!

Option Expiry & Thanksgiving are a positive mix for the markets.

We made higher HIGHS in market last week & sold off hard...this has repaired technicals & overbought conditions.

S&P 500 went to 1113.69 a new 09 high & higher highs on chart..an ascending pattern..sign of technical strength despite neutral economic data.....

S&P 500 is Down 2% from its peak & RSI is @ 54.60....this time RSI did not go higher than 65 area......so...the trading range IS narrowing which CAN trap some optimistic traders.....

S&P 500 50 DMA is 1070.36 which IS roughly 21 points from where we closed on Friday......so there is always a risk that we test 50 DMA.......which will be a potential correction of 3.9% ????

Where are the opportunities in this market.....Gold,Silver,Ag,Shipping & Tech are looking ready to make another run UPWARDS......Solar MAY take a rest as their RSI are in deep overbought territory???

Here is my $ allocation @ Friday's close :

AAPL 26.20% Tech PC/Smartphones
GNK 22.95% Bulk Dry Shipping
M...11.22% Retail Department Store
LVS..10.72% Casino Operator
SLW.10.22% Silver Reseller
MRVL 10.01% Tech PC/Smartphones
AUY ..8.68% Gold Producer

As you can see I follow strict discipline in being diversified..which I highly recommend for everyone especially @ current elevated levels....

I will continue to trade out profitable positions & buy laggards based on RSI.....do NOT be complacent in this market as shorts are ready to pounce on any weakness....so stay alert !!!!

I will also book some loss to offset my gains for the year for tax purposes as capital gains are taxed @ 50% in Canada ..no matter IF you sell in 1 hour or 5 years.....tax treatment do not change.

Good luck on your strategy & comfort level with this market.

BLOG does NOT give buy or sell.

Saleem

Saturday, November 21, 2009

Buy rated stocks for Thanksgiving Rally !!!!!

Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.

SOLF,CSIQ,YGE,ASTI,RBY,CCJ,CM,TRIB,AIG,BID,SBLK,
MOS,JDAS,SONE,ZUMZ,TK.

Next Post Sunday by 10 AM.

BLOG does NOT give buy or sell.

Saleem

Friday, November 20, 2009

Constructive close considering Option Expiry !!!!

Indices @ close tried a recovery of the day despite option expiry....

Gold raced to new all time high proving that either US$ is going to weaken further or Gold is breaking away from US$ strength.....

Nasdaq is very close to 50 DMA of 2126.95 only 19 points above???

By 10 AM Saturday ,I will post a list of buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

Mild negative day so far..may close GREEN !!!!!

Option Expiry does NOT have the fireworks which normally exists...because MM did their job yesterday......Do not be surprised IF we close strong ......

Gold Down $1.80

Oil Down $85 cents

Canadian $ Down 54 tick as US $ is showing strength again..BUT Gold & Oil barely down....

Portfolio is AAPL,AUY,GNK,LVS,M,MRVL,SLW...

@ 12.08 following are green:

GNK,POT,EXPE,NTES,IBN,IPI,RIMM,PALM,
EGLE,SPWRA.

BLOG does NOT give buy or sell.

Saleem

Thursday, November 19, 2009

.9% to 1.66% pullback @ close....

Indices pulled back today after major gains and record close two days ago......@ close indices recovered some of their loss on high volume...

Pullbacks are being bought since March and it has been a winning strategy....

Selling near or @ highs also has worked.....as sector rotation is going on...

Even though US$ was strong, Gold closed green which shows strength of Gold...

Strong Solar stocks like TSL,CSIQ,SOLF & STP showed strength even today as their ER were beat & guide UP.....

AH DELL ER was a miss Down 6.05% on AH 2.72 million shares

All the OE strategy was being played out today by MM.....Friday should be a "calmer day"

AH Futures are Down slightly

AH Nikkei Down 1.13%

AH Oil UP

VIX @ 22.63 Down 4.62% recovered nicely from 10% Down intraday...

BLOG does NOT give buy or sell.

Saleem

1.28% to 1.95% pullback due to Option Expiry activity....

Option expiry on Friday taking a toll on most stocks today.......MM are in total control and bringing all stocks to desired strike price......

This pullback is extremely healthy and should be bought....

US$ is also higher which is taken negatively by some players......

Economic reports are from stable to improving worldwide which is good for the future direction of market......

Gold Down $5.20

Oil Down $2.08

Canadian $ Down 95 tick to 93.88 cents US for 1 CAD

Portfolio is AAPL,AUY,GNK,LVS,M,MRVL,SLW...

@ 12.14 following are green :

SOLF,TSL,CSIQ,MA,V,STP......

BLOG does NOT give buy or sell.

Saleem

Wednesday, November 18, 2009

Day of rest for Indices after 09 HIGH.....

Indices barely red @ close.....as buyers still have a say where we are heading......

TSL reports before open...expecting a beat & guide UP...BUT do not know IF all the good news is priced in ?....

In my portfolio :

Sold SOLF

Sold EXPE

Bought GNK... doubled my position @ $28.37..2nd purchase of the day !!!!

Bought SLW... doubled my position @ $15.79

Portfolio is AAPL,AUY,GNK,LVS,M,MRVL,SLW....

AH Futures are Down

AH Nikkei Down

AH Hang Seng Down

AH Gold UP

AH Silver UP

VIX closed @ 21.63 Down 3.48% on a Down day in markets..means market should go HIGHER !!!

BLOG does NOT give buy or sell.

Saleem

Slight pullback in Indices after record close..NICE !!!

Indices are showing about .5% pullback on the average in major Indices....not bad considering we had record close yesterday.....

Gold UP to another record high today UP $10.60

Oil UP 63 cents

Canadian $ UP 4 tick

In my portfolio :

Sold POT

Bought GNK @ $28.24

Bought SOLF @ $6.25

Bought M @ $17.85

Portfolio is AAPL,AUY,GNK,EXPE,LVS,M,MRVL,SLW,SOLF...

@ 12.29 following are green:

GNK,SOLF,M,AUY,TSL,POT,CCJ,AGU,IPI,CSIQ,EGLE,
FSLR,GS.

BLOG does NOT give buy or sell.

Saleem

Tuesday, November 17, 2009

Another 09 high close in major Indices...NICE !!!

Markets do NOT want to roll over......

Many pundits have told us that IF US$ is UP Wall Street will TANK...guess what US$ was strong today & Wall Street was not only UP but closed @ 09 HIGHS....so much for dime a dozen experts...

In my portfolio :

Bought AAPL @ $205.91

Bought LVS @ $17.91

Bought SLW @ $15.87

Portfolio is AAPL,AUY,EXPE,LVS,MRVL,POT,SLW......

I will add one more stock @ open......

You must be wondering why I am so bullish....TAPE is forcing me to stay IN & keep rotating ...plus my 50% exposure is GROWING big time..I am almost @ my maximum exposure $ wise with 50% of my own money..ie 50% house money....

So... where are we in this market ?..let us look @ RSI again to get a feel:

S&P 500 63.47
Nasdaq 64.43
Dow 67.91

AAPL 67.38
POT 74.12
AUY 65.08
EXPE 56.45
LVS 61.15
MRVL 64.69
SLW 68.90

As you can see that we are still below 70 in most numbers......also it IS a subjective call depending on TAPE & how long the base was......BUT over 70 must be ready to pull the plug @ moments notice IF TAPE turns SOUTH.....

VIX closed @ 22.41 Down 2.1%

AH futures are minor RED

AH Nikkei is slightly Down

AH Oil ,Gold & Silver UP.....

BLOG does NOT give buy or sell.

Saleem

Market digesting gains......

Markets are slightly RED......waiting for more economic data.

Gold Down $3.60

Oil Down 40 cents

Canadian $ Down 99 tick

In my portfolio :

Sold TSL

Sold CSIQ

Sold GNK

Portfolio is AUY,EXPE,MRVL,POT....

@ 12.23 following are green :

POT,EXPE,TSL,CSIQ,MRVL,SINA,IPI,PALM,BIDU,RIMM.

BLOG does NOT give buy or sell.

Saleem

CSIQ beats on Sales & EPS for Q3..NICE !!!!

CSIQ reporting a beat on Sales & EPS....

Sales consensus $210.92 million

Sales actual $213.10 million

Beat by $2.18 million or +1.03%

EPS consensus 54 cents

EPS actual 69 cents

Beat by 15 cents or +27.7%

Guidance for 2010 is very strong also...

CSIQ UP in pre-market bid $20.25 ask $20.79 new 52 wk high..closed @ $19.70.

BLOG does NOT give buy or sell.

Saleem

Monday, November 16, 2009

09 new HIGHS in major indices...NICE !!!!

What can you say about this market......it wants to go HIGHER & keeps going HIGHER....

Are we glad that we all are benefiting "big time" from this major bull run.......

Just think how Adami, Worth,Kass,Rosenberg & Prechter are feeling these days.....they have been calling for "Major pullbacks since July"......

Gold has made new all time highs repeatedly......

VIX is down to 22.89 Down 2.01%

RSI @ close are as follows :

Dow 67.08

Nasdaq 63.64

S&P 500 63.19

@ or ABOVE 70 "caution IS the-word"

AH SPWRA discovered accounting issues in their Philippines operations which will end up in restating several Q & MAY go as far back as 08 FY...Down 6.28%.....So far two solar stocks I have CSIQ & TSL are NOT affected AH..they are actually higher than close ..as are most Chinese solar stocks.

Before open CSIQ reports expecting "strong guidance"

AH Futures are Red

AH Nikkei is Down

AH Hang Seng is Down

AH Oil Down

AH Gold Down

BLOG does NOT give buy or sell.

Saleem

New 09 HIGHS in major indices...Nice !!!!

Japan GDP was almost "double of consensus"which set the futures green last night....today retail sales with strong autos lit the fire in the market further...David Rosenberg bearish thesis is based on poor car sales.... only 9 million units to be sold..I am sure he is dying to explain strong car sales on CNBC.....watch him "sweat"....

So all this cheery "economic" news is sending DOW,S&P,NASDAQ all into new 09 HIGHS...I am sure Doug Kass is NOT accusing market of whistling by the graveyard.... Market is laughing all the way to the bank....???

Gold UP $18.10

Oil UP $2.68

Canadian $ UP 42 tick to 95.62 cents US for 1 CAD......

In my portfolio :

Added 50% more POT @ $103.43

Portfolio is AUY,CSIQ,EXPE,GNK,MRVL,POT,TSL......

AUY & TSL went to new 09 HIGHS.....

Most stocks are UP....

BLOG does NOT give buy or sell.

Saleem

Sunday, November 15, 2009

All set for new 09 HIGHS in Indices????

Markets have been building a base around current levels since the week of Sep 14 when we reached 1080.15 in S&P 500......Friday on Nov the 13th we closed @ 1093.48.....so in 60 days we have gone NOWHERE......or on a closing basis a move of only 13.33 points in 60 days.....

It looks like that we will break on the UPSIDE......

So how far can we go in this breakout......most pundits think that we will stall @ 1120 in S&P 500 & a quick pullback to 1070 AGAIN.......???

RSI numbers are as follows:

Dow 63.13

S&P 500 58.73

Nasdaq 59.39

As we all have observed lately that 70 RSI is a sell zone..which should happen AGAIN in this RUNUP to new 09 highs.......

Market have a tendency to surprise our trading ranges be it RSI or 1120 resistance...but to take a chance above 70 RSI or 1120 in S&P 500 may not be wise......

I have every intention to monitor the TAPE around/near those numbers and MAY exit many positions.......

Option Expiry is also this Friday...which MAY stall the rally......MM controls strike price with PRECISION.....

BUT...there ARE opportunities to make "serious" money......Solar, Bulk Dry Shipping,Gold,Silver & even Oil may be a very attractive areas.......

Solar stocks have turned the corner with many stocks "breaking out" either to new HIGHS or RESISTANCE...new trading range is being established.......

As I have highlighted many times that it IS a stock pickers market..so go where the strength is...TAPE monitoring is the key......

Do NOT be biased towards your OWN favourite sectors/stocks...go strictly with TAPE strength...this market will be tough to navigate IF you are "telling the market what to do or what markets should be doing"...it has NOT worked since March......

Pullbacks have been a great "buying opportunity".....most stocks are "technically healthy & breaking out".......do NOT have outdated ideas as to what prices should be on any pullbacks...it IS a market which IS trending UP..so stocks are finding "higher trading range".....it IS TAPE 101...

Many traders are afraid of this market and are waiting for an imminent COLLAPSE......it is NOT happening so ACCEPT the "verdict of this market"...

I know Doug Kass,Carter Worth,Bob Prechter,David Rosenberg...NEVER thought that this market will even reach 1,000...BUT FACTS are very CLEAR even to a 3 year old..but these adults are busy talking this market down on a daily basis..some are even using silly metaphors like "this market is whistling past a graveyard"...YES they ARE whistling past their graveyard thesis where their short positions are buried DEEP......

So my thesis remains.... that this IS an uptrending market which will remain in a trading range which will be higher than previous pullbacks......RSI is a buy @ 50 area & sell @ 70 area....to be in a safe mode......

Here is my $ allocation as of Friday close :( My $ allocation which was 50% has grown in equity by 75% in the last two weeks because of my "hyper trading approach")..or in other words I am @ my highest equity level for 09 with only 50% dollars in the market.....this also proves that you do not need to put too much money to trade better...it is the STRATEGY which is more important than the amount of money being allocated.......NOW i am getting ready to pull some more money out of the market.....

AUY 9.83% Gold producer
CSIQ 14.30% Solar fully integrated
TSL 15.35% Solar fully integrated
EXPE 9.16% Online travel booking site
MRVL 12.20% Technology PC/Smartphone
POT 19.86% Ag Potash producer
GNK 19.30% Bulk Dry Shipper

As you can see that I am well diversified with overweight in Solar sector....

Good luck with your allocation & trading strategy.

BLOG does NOT give buy or sell.

Saleem

Saturday, November 14, 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.

CSIQ,TSL,POT,GNK,AUY,MRVL,AAPL,LULU,
SLW,LVS,YGE,CSUN,JASO,SOLF,RY,SEED,KBH,
TRIB,WDC,MEE,DSX,BOOM,ICE,AMD,TEL,AMZN,
FFIV,RINO,SHLD,VIMC,ANF,IHG,BZH,JNPR,LDK,
TGP,YZC,FDO.

Next post Sunday by 10 AM.

BLOG does NOT give buy or sell.

Saleem

Friday, November 13, 2009

Nice GREEN finish for the week !!!!!

Indices were strong by close......

Trade numbers & consumer sentiment was NOT the issue today...because Markets wanted to go UP......

Gold rallied AGAIN..getting ready to take out all time highs.....

Solar stocks were on fire...UP 6% to 12%......reason analyst are getting bullish on solar sector...Jesse Pichel of Piper upgraded YGE after ER /CC saying nice things about their business which IS an endorsement of this sector......

US$ again retreated towards 15 month LOW...AGAIN......

By 10 AM Saturday..I will list buy rated stocks.....

BLOG does NOT give buy or sell.

Saleem

Markets GREEN ignoring sentiments data....NICE !!!

When markets wants to go UP it ignores even critical data like consumer sentiments.....before it was going down on every shaky consumer conclusions.....

We are UP from .62% to .84%..Dow being the strongest AGAIN......

Gold UP $9.80

Oil Down 40 cents

Canadian $ UP 49 tick on better than expected trade data

Portfolio is AUY,CSIQ,EXPE,GNK,MRVL,POT,TSL.....

YGE ER was taken as positive for the entire sector..so all solar are on the move....

@ 12.11 following are RED :

PWRD,NTES,RIMM,IPI,MA,V,AMTD,NDAQ,FNM,BAC,
TKC,NYX,SNDA,GS...

BLOG does NOT give buy or sell.

Saleem

Thursday, November 12, 2009

.83% to 1.03% decline @ close

Markets retraced about 1% decline in indices after making new 09 highs in S&P 500 & Dow.....

Strength of US$ also triggered profit taking.....

Most commodities closed lower...including Gold,Oil,CAD

VIX closed @ 24.24 UP 5.21%.....close to mid range of trading

Before open YGE reports which will affect solar stocks...there was lot of jitter in that sector today with TSL pulling back 7.73%

AH DIS ER was a beat UP 2.24% AH.....

AH Futures are small green

AH Nikkei is down .65%

AH gold Down $3.40 but staying above $1100 @ $1103.20

BLOG does NOT give buy or sell.

Saleem

Indices retracing gains...Down .43% to 64%.....

Indices are trying to catch a breath after making new highs in Dow & S&P 500......

Economic data are positive & getting better......BUT market is digesting recent gains.....

Gold Down $4.00

Oil Down $2.32

Canadian $ Down 52 tick..

In my portfolio :

Bought GNK @ $24.00

Bought TSL @ $38.92

Portfolio is AUY,CSIQ,EXPE,GNK,MRVL,POT,TSL.....

@ 11.45 AM following are GREEN:

GNK,AMZN,AAPL,MA,NVDA,NDAQ,AMTD,SINA,JDSU,
AMD,MSFT,ICE,WYNN,CMED.

BLOG does NOT give buy or sell.

Saleem

Wednesday, November 11, 2009

Indices closed green...NICE !!!!

Indices closed green after Dow & S&P 500 hitting new 09 highs intraday.....Nasdaq is the next index to make new 09 HIGH.....

AH COMS was taken over by HPQ......closed UP 35%

AH CTRP ER was a beat UP AH 12.04%

AH Gold hitting new all time highs in ASIA UP another $6.40 to $1121....

AH Nikkei UP .44%

AH Futures UP the most I have seen in months.....

VIX closed @ 23.04......

In my portfolio :

Tripled my position in AUY @ $12.71

Bought EXPE @ $23.99

Bought POT @ $101.68

Portfolio is AUY,CSIQ,EXPE,MRVL,POT.....

I still have room to add one more stock @ open.......I am getting serious "velocity" out of my 50% exposure... almost turning it over on a daily basis.....will continue to trade & book profit.....

BLOG does NOT give buy or sell.

Saleem

Nasdaq NOT making new 09 HIGH ????

China reported their Industrial output above consensus north of 16%.....which sunk US$ and gave boost to commodities....

Markets were strong in early part & DOW /S&P 500 made new 09 HIGH.....

Nasdaq is struggling and failed to make new 09 HIGH????

GOLD UP $15.70 to all time HIGH

OIL UP 83 cents

Canadian $ UP 29 tick

In my portfolio :

SOLD AAPL

SOLD POT

SOLD GNK

Bought a small position in AUY @ $12.93...MAY add more today.....

Portfolio is CSIQ,MRVL,AUY....

Currently 75% in Cash???

@12.22 following are RED :

CSIQ,STP,SOL,JASO,AMZN,CCJ,SU,V,NDN,EXPE,FSLR,SNE,BUCY...

BLOG does NOT give buy or sell.

Saleem

Tuesday, November 10, 2009

Another 09 high for Dow....NICE !!!!

After a huge run on Monday...market digested the gain & by close almost all of the Indices tried for green but only Dow finished green......

S&P & Nasdaq were barely red......

Today's close was very impressive as Dow had a follow through Gain ......

This market is "strictly" stock pickers...the more you follow & anticipate TAPE, easier it will be to make money.....

Techs,Precious Metals,Commodities are showing strength.......

I am 50% invested with a strong bias on trading....selling on strong days & buying on weak days...flipping in many sectors.....

VIX Down 1.34% to 22.84...30 to 20 is the range lately....30 means markets oversold...20 means markets overbought????

AH Futures are all GREEN...

AH Nikkei UP .22%

AH Hang Seng UP .94%

AH China & Singapore also UP

AH Gold ,Silver,Oil are UP....

BLOG does NOT give buy or sell.

Saleem

Indices Down .26% to .58%.....

Indices are digesting yesterday's huge runup......

Gold UP $7.80

Oil Down 39 cents

Canadian $ UP 51 tick

In my portfolio :

Bought AAPL @ $101.68

Bought POT @ $97.99

Bought CSIQ @ $16.96

Portfolio is AAPL,CSIQ,GNK,MRVL,POT.....

@ 12.36 following are Green :

AAPL,PCLN,EXPE,BZH,AMZN,RIMM,ISRG,GOOG,
PWRD,JASO,BAC,FSLR,VAR.....

BLOG does NOT give buy or sell.

Saleem

Monday, November 9, 2009

Dow leading other Indices towards new 52 wk HIGH.......NICE !!!!

Markets were in a buying frenzy until the closing.....

S&P 500 was the biggest % mover UP 2.22%......

Nasdaq closed @ absolute High of the day.....

All indices closed near high of the day.....

Internals were strong as advancing volume were leading by a wide margin .....

We ARE reaching euphoria stage in markets..where we will make new 09 HIGHS all over....BUT it will be "smart" to book gains......

US markets are known for Rangebound trading...so be very careful with all the "hoopla" that NOTHING can stop this market now MANTRA......

I personally will NOT put more than 50% in terms of $ allocation & will trade stocks ......

Higher we go.... more "vulnerable" we will be for a sharp correction.......

IF I sound cautious..I AM......because serious profit has been made and I want to PRESERVE it by not getting EUPHORIC.....

AH PCLN ER was beat & stock is UP AH 8.16%..well above 52 wk high.....

AH Futures are mixed

AH Oil is Down

AH Nikkei UP 1.43%

VIX @ 23.15 down 4.3%

BLOG does NOT give buy or sell.

Saleem

Dow in new 09 & 52 wk HIGH...NICE !!!!

Dow is leading the charge by jumping to new 52 wk HIGH.....

Dow was the most resilient when we went down....so it is again strongest on its way UP......

US$ tumbled to 15 month low......so much for "crowded trade mantra"

Commodity based stocks are on fire....

Gold Jumped to another all time HIGH currently UP $11.70 to 1106.80

Oil UP $1.80

Canadian $ UP 1.68 cents strongest move in weeks.....94.70 cents US for 1 CAD......

In my portfolio :

Sold AUY

Sold LVS

Sold POT

Sold SLW

Portfolio is GNK & MRVL......

Most stocks are UP.....

BLOG does NOT give buy or sell.

Saleem

Sunday, November 8, 2009

Indices are rangebound UP or DOWN 7% ......???

Since July markets broke down below 50 DMA & has now reclaimed 50 DMA with a "surprising show of strength on Friday"

Friday TAPE surprised even the most bullish trader......& as usual shorts are "hoping against hope"...poor desperate Adami never gets a break...he IS never impressed with market resiliency..has he ever studied market history or learned the tough lesson that "never fight the TAPE"

So everyone is trying to figure out...where are we headed next......???

Based on TAPE of Friday..we should easily take out the 09 HIGHS in S&P 500 which is @ 1101.36...we should jump to 1120 in a hurry...BUT will it close there or go even HIGHER???

I personally believe that we ARE in a RANGEBOUND markets which quickly goes UP 7% & quickly comes DOWN 7%.....

SO..IF you BLINK you MAY miss the UP move & MAY get caught in downdraft from new HIGHS...so you have to be QUICK to be in the market near RSI below 50 & lock profit near 70 RSI...that is what I have been positioned for.......

RSI has been a very good guide for me as NOISE in the market takes over either in FEAR or GREED......so IF you follow & understand 4 month RSI then you can be CALM & positioned based on RSI.....

Q4 rally which MAY start in December which CAN carry us into HIGHER grounds.......

SO...what I am saying as a summary :

-Lock profit when you have...

-Have 50% exposure in the market all the time

-Keep moving to sectors showing strength

-Trade stocks which you KNOW very well in terms of FA & TA plus recent TAPE....

-Do NOT follow the herds or pundits who are either OVERCONFIDENT or BEARISH.....

Markets will remain DIFFICULT with quick UPSWING & DOWNDRAFT.......

Here is my $ allocation as of Friday ( 50% exposure) :

GNK 31.24% Dry bulk Shipping
AUY 18.44% Gold Producer
POT 15.72% AG Potash
MRVL 15.03% Technology/PC Smartphone
SLW 11.74% Silver reseller
LVS 7.83% Casino operator

As you can see that my sector focus IS changing mostly commodity based....

Easy money has been made so make sure you are DIVERSIFIED in many sectors which are showing strength.Also ensure your comfort level with YOYO market.

BLOG does NOT give buy or sell.

Saleem

Saturday, November 7, 2009

Buy rated stocks for quick trade.....

Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.

ABX,EGO,LEN,PHM,CUTR,VAR,JRJC,Q,JAG,
SONE,TRMB,SNCR,BCRX,ASIA,NTES,YTEC,HL,
NDN,SYT,ANV,CNTF,DNDN,ETFC,FWLT,GROW,
NVDA,PWRD,RFMD,SBUX,SINA,SWKS,UNTD,
ZGEN,TC,RHT,NOK,NSM,AAI,BX.

Next post Sunday by 10AM.

BLOG does NOT give buy or sell.

Saleem

Friday, November 6, 2009

Indices moved above 50 DMA @ close...NICE !!!

Jobs data was "horrible in Canada"...expecting +10K actual <43.2k> ..Canadian $ down 83 tick...

US Job loss was 190K vs consensus of 175K...Unemployment rate went UP to 10.2% while in Canada it went UP to 8.6%......

Market took Job loss in stride after initial hesitation...all indices closed in green....

Gold had the highest intraday $1100 & close of $1095.10...Gold stocks were strong.....

Oil down $2.19

VIX down 4.88% to 24.19

Strong stocks included AUY,GNK, AMZN,SBUX,NTES,GOOG,BIDU,MA,GG,ABX,IAG,
RIMM,X.......

By 10 AM Saturday..I will post a list of buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

My Internet was down since 4PM yesterday....

Just got my Internet back on......

It went down yesterday @ 4PM EST...and came on today near 3PM EST....

Will post my closing report as usual around 830PM to 9.00PM EST...

It was a software issue with my Internet provider which was badly mishandled???

Saleem

Thursday, November 5, 2009

Markets on a roll AGAIN......

Markets have "split personality"...depends on the day what it wants to do.......

Economic data has been positive for a long time..

Job loss Friday AM... expectations is <175k>

Gold UP $5.10

Oil Down 22 cents

Canadian $ UP 10 tick

Nasdaq is trying to get above 50 DMA...intraday it went through..but currently fractions below..all other indices are above 50DMA....

Portfolio is AUY,GNK,LVS,MRVL,POT,SLW

Most stocks are UP !!!!

BLOG does NOT give buy or sell.

Saleem

Wednesday, November 4, 2009

Markets "reversed" AGAIN ?????

Market lost its momentum & reversed towards the close......the slump was very steep & indices barely made it above lows of the day......

I am "very concerned" @ this "frequent reversal lately"...NOT a good technical indicator of markets health......

I have reduced my market exposure to 50% only...lowest point since march lows....it is for my OWN comfort level......

In my portfolio :

Bought POT @ $94.66

Bought LVS @ $14.86

Portfolio is AUY,GNK,LVS,MRVL,POT,SLW....as you can see my exposure is tilted towards commodity/economic activity related sector ...

AH Futures are mixed

AH Nikkei is down

AH Gold is UP

AH CSCO ER was greeted with 2.83% gain......

BLOG does NOT give buy or sell.

Saleem

Only Nasdaq below 50 DMA......

Markets are green ahead of Fed announcement.....

Economic reports are getting better all the time.....

Gold UP $7.10

Oil UP 52 cents

Canadian $ UP 22 tick

In my portfolio :

Sold TSL

Sold AAPL

Bought SLW @ $14.18

Portfolio is AUY,GNK,MRVL,SLW......planning to add few stocks before Fed announcement IF price is right???

@ 12.18 following are RED in a strong TAPE :

TSL,GNK,LVS,EXPE,WYNN,VLO,FSLR,SNE,GG,
PALM,RVBD,RIMM,BUCY.

BLOG does NOT give buy or sell.

Saleem

Tuesday, November 3, 2009

Indices found support & moved HIGHER from LOD...NICE !!!

What a day it was....looked very bleak in pre-market.....struggled whole day even on positive economic & takeover news......BUT...by "end of the day" it was much more positive.....

AGAIN...it is becoming a "stock pickers market" as Gold exploded when Indian Central Bank traded $6.4 billion US$ for Tons & tons of Pure GOLD bars.....Gold closed @ all time high @ $1084.30...most Gold & Silver stocks had a liftoff......

Solar stocks also took off gaining from 5% to 12% in a day.....TSL only solar stock rocketed to new 52 wk high...who says TAPE does not talk to you...pay attention to TAPE...

AH Futures are green

Nikkei down slightly

Hang Seng UP

BLOG does NOT give buy or sell.

Saleem

S&P 500 retesting support......

Indices are still above recent lows......so far retest is holding up....

Gold went to all time HIGH @ $1081.70 on IMF Gold sale to Indian Central Bank almost 50% sale was completed..so no overhang of supply.....

Oil UP 66 cents

Canadian $ UP 55 tick

In my portfolio :

Sold COMS

Bought TSL @ $34.85

Portfolio is AAPL,AUY,GNK,MRVL,TSL......

@ 12.16 following are green :

TSL,AUY,SLW,CSIQ,ENER,LVS,POT,IAG,JRCC,WYNN,BUCY,
BIDU,ABX,GG,FWLT,RIMM.

BLOG does NOT give buy or sell.

Saleem

Monday, November 2, 2009

GREEN close in major Indices...NICE !!!

Indices faced many cross current of bearish trades & bullish trades...in the end it was the bull which had the upper hand by closing green in three most watched indices......

Markets ARE & MAY remain difficult until Q4 excitement takes hold.....which could be another two to three weeks away......

In the meantime trade strategically to book profit when you see them.....profit CAN disappear in a hurry....

Exposure in markets for next few weeks to be on the MODERATE side NOT aggressive.....

In my portfolio :

Sold TSL

Bought AAPL @ $188.77

Portfolio is AAPL,AUY,COMS,GNK,MRVL...

AH Futures are green......

BLOG does NOT give buy or sell.

Saleem

S&P 500 almost touched 50DMA @ high of the day????

Indices are back on track..with S&P 500 almost kissed 50 DMA today.....

Dow is well above 50 DMA...technically very strong signal that this correction MAY be over......

Gold UP $21.10

Oil UP $1.47

Canadian $ UP 65 tick

In my portfolio :

Added 18% GNK @ $20.24

Portfolio is AUY,COMS,GNK,MRVL,TSL......

Following stocks are RED in a bullish tape :

GNK,COMS,PWRD,POT,GS,DRYS,RIMM,NTES,C,WYNN,
BIDU,LVS,SOHU,CMED,VLO,SNE,GOOG,SOL.....

BLOG does NOT give buy or sell.

Saleem

Sunday, November 1, 2009

Where is the support in S&P 500....????

Much has been written about markets in the last 48 hours......Some are predicting the following:

Carter Worth sees 980 in S&P 500...this is the same number he had as HIGHS for S&P 500 in his model...he missed the HIGHS (1101.36) by 121 points or 10.99%.....so we have to take this target knowing his model missed the highs by huge %......

Indices are sitting @ following correction % :

Dow <4.02%> RSI 45.34...healthiest & within trading range of last four months

S&P 500 <5.92%> RSI 41.51...slightly lower than low of last four months

NASDAQ <6.64%> RSI 38.30.....washed out area..lowest point by far in last four months

In the last June-July correction we went to <9%>..will it be the same this time around???

So...let us look @ support of S&P 500 which rest around 1020 area which is another drop of 16 points or 1.5%......which will make the current pullback to <7.42%>

IF...we believe then it looks like this...that we open LOWER on Monday hit 1020 area & then buying comes in.......

IF we fail to see buying then 990 to 1000 area is strong support..which means correction will continue for another 46 points from Friday's close which could be 1.5 days of pullback or another 4.4% for a total pullback of 10.32%.......

Most likely something between 1020 & 990 CAN happen........like 1005.......

So what we do in the meantime......look for individual stocks who have been acting well "technically speaking"...means stocks which have good chance of maintaining or claiming 50 DMA......

It IS going to be a stock pickers market from hereon......for maximum gains.....it is OK to be early as we have corrected almost 7% already.......markets do turn on a dime very quickly...so do NOT be afraid of the TAPE for a day or two......some stocks MAY have seen their LOWS already......

Some stocks like TSL & AAPL are above their 50 DMA and have HUGE upside targets....& their RSI are in 47 area.....

So my message IS..... that worry more about stocks you want to buy than worry about markets correcting for few more days.....it IS the stocks which will make you money not where indices are...

Markets have pulled back like June-July on economic worries...Roubini,David Rosenberg,Robert Prechter & other technicians were screaming disaster back then also and NONE came to fruition...David Rosenberg IS on record that by end of October we will be @ 840 in S&P 500 which he missed it by 196 points or 18.92%..... NOW he is implying S&P 500 in 700 area..he has lost credibility even with rating starved CNBC....

SO..you have a choice to react to every wild prediction on the downside or start picking up the bargains as they do come every three months only......

Here is my $ allocations as of Friday :

TSL 34.32%...Solar fully integrated
GNK 26.16%..Dry Bulk Shipping
AUY 16.88%..Mid Size Gold Producer
MRVL 14.50%..Technology for PC/Smartphone
COMS 8.14%..Technology/Networking

Again.... buy stocks in a diversified manner and as always make sure you are comfortable with being in the market..nothing is worth being worried 24/7......

BLOG does NOT give buy or sell.

Saleem