Indices were in minor red until last hour and then sellers took hold & we closed near low of the day.....
As this was last day trading of calender 2009....1% pullback on thin volume is not significant...
Gold UP $3.70
Oil UP 27 cents
Canadian $ UP 60 tick
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC......
Green stocks were TSL,AUY,IAG,SLW,CREE,STP,NTES,
GS,GG,CSIQ,FMCN....
NEXT post on Saturday by 10AM....when i will list buy rated stocks !!!
Have a very Happy New Year to all BLOG visitors.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 31, 2009
Wednesday, December 30, 2009
Another closing HIGH for Dow & Nasdaq...NICE !!!
Indices are READY to show some fireworks for new year eve......
Half day session on new year's eve looking very good !!!!
All Indices closed GREEN......
Where is that SLUMP which every BEAR is looking for ????
Bears have waited almost 10 months for that famous correction which many technicians & pundits promised .....
SO... we are ready to start 2010 in the same fashion ......
Strong stocks were TSL,NVDA,MRVL,CREE,GOOG,GS,AAPL,
PMCS,X,SNDK.....
AH Futures GREEN...
AH Nikkei Down
AH Shanghai UP
AH Hang Seng UP
AH Gold UP...finally
AH Oil UP
AH Canadian $ UP after taking a beating of 1 cent & 15 tick during regular hour...
Canadian markets are open full day while US market works half day Thursday....
My only post will be after close of NY regular / AH trading..around 4 PM.....
BLOG does NOT give buy or sell.
For those who are busy or travelling Have a happy & safe New Year celebration !!!!!
Saleem
Half day session on new year's eve looking very good !!!!
All Indices closed GREEN......
Where is that SLUMP which every BEAR is looking for ????
Bears have waited almost 10 months for that famous correction which many technicians & pundits promised .....
SO... we are ready to start 2010 in the same fashion ......
Strong stocks were TSL,NVDA,MRVL,CREE,GOOG,GS,AAPL,
PMCS,X,SNDK.....
AH Futures GREEN...
AH Nikkei Down
AH Shanghai UP
AH Hang Seng UP
AH Gold UP...finally
AH Oil UP
AH Canadian $ UP after taking a beating of 1 cent & 15 tick during regular hour...
Canadian markets are open full day while US market works half day Thursday....
My only post will be after close of NY regular / AH trading..around 4 PM.....
BLOG does NOT give buy or sell.
For those who are busy or travelling Have a happy & safe New Year celebration !!!!!
Saleem
Minor pullback was necessary......
RSI was flashing CAUTION on Monday.......so we went into corrective mode where some stocks pulled back 5% to 10% in few days......NOW it is TIME to BUY.......
Most indices are fighting back towards green with Dow being the first to go green......
It IS important to delay purchase when too much OPTIMISM is in the air as was the case two days ago.....everyone was bullish..sentiment was too one sided....
Gold Down $2.40...noticed that gold stocks have not corrected too much???
Oil UP 42 cents
Canadian $ Down 88 tick to 94.99 US for 1 CAD
There is a great hoopla that US$ is rallying... it has moved UP only 7 euros from HIGH of 151.44 to current to 144 even ????
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
@ 12.23 following are green :
TSL,POT,SOHU,CREE,STP,SINA,CMED,GS,NVDA,PMCS,
MRVL,AAPL,X,ASIA.....
BLOG does NOT give buy or sell.
Saleem
Most indices are fighting back towards green with Dow being the first to go green......
It IS important to delay purchase when too much OPTIMISM is in the air as was the case two days ago.....everyone was bullish..sentiment was too one sided....
Gold Down $2.40...noticed that gold stocks have not corrected too much???
Oil UP 42 cents
Canadian $ Down 88 tick to 94.99 US for 1 CAD
There is a great hoopla that US$ is rallying... it has moved UP only 7 euros from HIGH of 151.44 to current to 144 even ????
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
@ 12.23 following are green :
TSL,POT,SOHU,CREE,STP,SINA,CMED,GS,NVDA,PMCS,
MRVL,AAPL,X,ASIA.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 29, 2009
Minor pullback in Indices.....
Dow went to new intraday high for 09 before closing in red....
Today was a minor consolidation after six day of UP move.....
Gold retested support.....
AH Futures are small RED....
AH Nikkei small RED
AH Singapore & Shanghai are small GREEN
VIX almost flat @ 20.01
We have another two days of Holiday trading left in this calendar year......expect low volume....
BLOG does NOT give buy or sell.
Saleem
Today was a minor consolidation after six day of UP move.....
Gold retested support.....
AH Futures are small RED....
AH Nikkei small RED
AH Singapore & Shanghai are small GREEN
VIX almost flat @ 20.01
We have another two days of Holiday trading left in this calendar year......expect low volume....
BLOG does NOT give buy or sell.
Saleem
Indices digesting recent run UP.....
Nasdaq was clearly in overbought territory so it IS pulling back to digest gains......
Dow is green ..as it is NOT overbought along with S&P 500.....so it is a mixed picture.....
Gold Down $9.60 to 1097.60...testing support
Oil Down 36 cents
Canadian $ Down 16 tick
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
POT had two conflicting interpretations of their latest pricing GS likes it & Soleil Securities taking as negative......POT Down $3.21 ????
@ 12.02 following are green :
AMZN,IAG,TC,SOHU,IBN,ISRG,MA,V,TLM,CMED,
RCI,ICE,LULU,FSLR,ISRG.....
BLOG does NOT give buy or sell.
Saleem
Dow is green ..as it is NOT overbought along with S&P 500.....so it is a mixed picture.....
Gold Down $9.60 to 1097.60...testing support
Oil Down 36 cents
Canadian $ Down 16 tick
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
POT had two conflicting interpretations of their latest pricing GS likes it & Soleil Securities taking as negative......POT Down $3.21 ????
@ 12.02 following are green :
AMZN,IAG,TC,SOHU,IBN,ISRG,MA,V,TLM,CMED,
RCI,ICE,LULU,FSLR,ISRG.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 28, 2009
Another new 09 HIGH close for all Indices....NICE !!!
Indices fought year end locking of gain/loss & ended @ another record close for Dow,S&P 500 & Nasdaq.....
Internals were flat BUT new 52 wk highs in NYSE & Nasdaq were 380 & 204.. a strong indicator...
RSI IS getting stretched on sixth day of gains.......Here is the RSI read :
Dow 61.83
S&P 500 62.84
Nasdaq 70.43...highest in last 4 months is around 75 area...SO excercise CAUTION @ this stage in markets....There IS too much OPTIMISM & EUPHORIA for markets going HIGHER...generally that IS when market CORRECTS......
Strong stocks today were AMZN,POT,SOLF,AAPL,RIMM,
GOOG,BIDU,MA,AGU......
FTSE & Canadian markets were closed for Boxing Day ( like Black Friday)
AH Futures are mixed
Nikkei Down slightly
Shanghai Down slightly
Hang Seng UP
Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Internals were flat BUT new 52 wk highs in NYSE & Nasdaq were 380 & 204.. a strong indicator...
RSI IS getting stretched on sixth day of gains.......Here is the RSI read :
Dow 61.83
S&P 500 62.84
Nasdaq 70.43...highest in last 4 months is around 75 area...SO excercise CAUTION @ this stage in markets....There IS too much OPTIMISM & EUPHORIA for markets going HIGHER...generally that IS when market CORRECTS......
Strong stocks today were AMZN,POT,SOLF,AAPL,RIMM,
GOOG,BIDU,MA,AGU......
FTSE & Canadian markets were closed for Boxing Day ( like Black Friday)
AH Futures are mixed
Nikkei Down slightly
Shanghai Down slightly
Hang Seng UP
Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Market green on last trading day to book gain/loss..
Markets are struggling with sellers trying to book gain or loss for 2009..today is the last legal day to do so......SEC rules states 3 settlement days required.....
Retail sales came in stronger than consensus thus giving boost to AAPL & AMZN...AAPL @ new all time HIGH......
Gold Down 10 cents
Oil UP 63 cents to $78.68
Canadian $ UP 71 tick against US$ to 95.94 cents US for 1CAD.....Yes..I am maintaining my short position in US$
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC.....
@ 12.12 following are GREEN :
AAPL,AMZN,SOLF,POT,RIMM,SOHU,CREE,IBN,AGU,
GOOG,BIDU,GS,MA,EXPE,SNDA,ICE,ISRG,FSLR......
BLOG does NOT give buy or sell.
Saleem
Retail sales came in stronger than consensus thus giving boost to AAPL & AMZN...AAPL @ new all time HIGH......
Gold Down 10 cents
Oil UP 63 cents to $78.68
Canadian $ UP 71 tick against US$ to 95.94 cents US for 1CAD.....Yes..I am maintaining my short position in US$
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC.....
@ 12.12 following are GREEN :
AAPL,AMZN,SOLF,POT,RIMM,SOHU,CREE,IBN,AGU,
GOOG,BIDU,GS,MA,EXPE,SNDA,ICE,ISRG,FSLR......
BLOG does NOT give buy or sell.
Saleem
Sunday, December 27, 2009
A look back @ 2009......
We started 2009 @ S&P 500 @ 903.25......
Maintained exposure to equity
Canadian $ was @ 81.84 cents US for 1 CAD
We went Down to S&P 500 to 666.79 on March 6th 2009...a drop of 236.46 points or a further loss of 26.17% in a span of 2 months & 6 days...
Added 1.8% more Equity
Many claimed @ this stage that we are going Down further to Dow 2,000 / 400 in S&P 500.....
Everybody had given up hope of any rebound in markets......some of us were actually hopeful @ this juncture and were presented with a buying opportunity of a lifetime.......
My equity went down further......
Markets started to rebound against all predictions......
Pumped another 10.5% equity
By September 28th S&P 500 jumped to 1044.38 which was a jump of 377.59 points or 56.6% in 6 months & 22 days from low on March 6th.......
On Dec 24th close S&P 500 was @ 1126.48 highest close of 09.....on a YTD basis S&P 500 is UP 223.23 points or 24.71%.......
Between September & December ..I have taken out 15.59% of equity from market......by the way this equity amount taken out is 314.59 % of what I started with in 2009 .......
I am ending 2009 with an increase in equity of 708.96%...details of which is given below :
-My shorting US$ has given me a gain in equity of 128.5%
-Net increase in equity through stocks for the year is 580.46%
Gain in Equity factors Starting equity + All the money which was put in MINUS money taken out PLUS ending equity still in market......
@ year end my current portfolio size is still 15.85 TIMES what i started with or @ maximum level of the year while I have pulled substantial part of my equity.......
It is important to analyze your return in EQUITY terms because we all pumped lot of money during this year because of slumping markets initially........that needs to be factored IN.......
I keep a DAILY log of HOW my portfolio is doing in all the details........it keeps me alert to performance issues & react accordingly......
One should NEVER lose sight of the fact that EQUITY needs to GROW....and it requires CRITICAL analysis on your part...I am the biggest CRITIC of my own performance...thus keep myself very nimble & fast in trades......
SO...where we go from here in 2010......
I personally see a much more CHALLENGING year in 2010......
I see a 10% gain in S&P 500 on a YTD basis vs 24.71% for 2009......
So..... there is a CHANGE in the expectations of how markets will perform going forward on a YTD basis.......
In other words....markets will NOT lift all boats as was the case in 2009.......
It will be a difficult stock pickers market......
In 2010 you must NOT carry deadbeat stocks in your portfolio....because.... IF they did not performed in 2009 which was a very strong market...what makes you think that they are worth keeping in a difficult 2010 ????
I will have a mix of trading stocks & some conceptual stocks which I MAY try to keep longer BUT it will be performance based...means I will trade out quickly IF they do not work out...margin of error is very little in 2010.......
Here is my $/sector allocation as of Thursday's close :
TSL 30.40% Solar fully integrated
POT 18.82% AG Potash producer
AMZN 13.43% Tech/Internet online retailer
SOLF 12.00% Solar fully integrated
SLW 8.56% Silver reseller
AUY 6.53% Gold mining
IAG 5.68% Gold mining
TC 4.58% Molybdenum mining
I am overweight in Solar & Mining BUT ...still diversified in many sectors....
Good luck with your focus in improving your total equity in 2010......
BLOG does NOT give buy or sell.
PS....Had to do lot of calculations for YTD review..... thus a delay in post....
Saleem
Maintained exposure to equity
Canadian $ was @ 81.84 cents US for 1 CAD
We went Down to S&P 500 to 666.79 on March 6th 2009...a drop of 236.46 points or a further loss of 26.17% in a span of 2 months & 6 days...
Added 1.8% more Equity
Many claimed @ this stage that we are going Down further to Dow 2,000 / 400 in S&P 500.....
Everybody had given up hope of any rebound in markets......some of us were actually hopeful @ this juncture and were presented with a buying opportunity of a lifetime.......
My equity went down further......
Markets started to rebound against all predictions......
Pumped another 10.5% equity
By September 28th S&P 500 jumped to 1044.38 which was a jump of 377.59 points or 56.6% in 6 months & 22 days from low on March 6th.......
On Dec 24th close S&P 500 was @ 1126.48 highest close of 09.....on a YTD basis S&P 500 is UP 223.23 points or 24.71%.......
Between September & December ..I have taken out 15.59% of equity from market......by the way this equity amount taken out is 314.59 % of what I started with in 2009 .......
I am ending 2009 with an increase in equity of 708.96%...details of which is given below :
-My shorting US$ has given me a gain in equity of 128.5%
-Net increase in equity through stocks for the year is 580.46%
Gain in Equity factors Starting equity + All the money which was put in MINUS money taken out PLUS ending equity still in market......
@ year end my current portfolio size is still 15.85 TIMES what i started with or @ maximum level of the year while I have pulled substantial part of my equity.......
It is important to analyze your return in EQUITY terms because we all pumped lot of money during this year because of slumping markets initially........that needs to be factored IN.......
I keep a DAILY log of HOW my portfolio is doing in all the details........it keeps me alert to performance issues & react accordingly......
One should NEVER lose sight of the fact that EQUITY needs to GROW....and it requires CRITICAL analysis on your part...I am the biggest CRITIC of my own performance...thus keep myself very nimble & fast in trades......
SO...where we go from here in 2010......
I personally see a much more CHALLENGING year in 2010......
I see a 10% gain in S&P 500 on a YTD basis vs 24.71% for 2009......
So..... there is a CHANGE in the expectations of how markets will perform going forward on a YTD basis.......
In other words....markets will NOT lift all boats as was the case in 2009.......
It will be a difficult stock pickers market......
In 2010 you must NOT carry deadbeat stocks in your portfolio....because.... IF they did not performed in 2009 which was a very strong market...what makes you think that they are worth keeping in a difficult 2010 ????
I will have a mix of trading stocks & some conceptual stocks which I MAY try to keep longer BUT it will be performance based...means I will trade out quickly IF they do not work out...margin of error is very little in 2010.......
Here is my $/sector allocation as of Thursday's close :
TSL 30.40% Solar fully integrated
POT 18.82% AG Potash producer
AMZN 13.43% Tech/Internet online retailer
SOLF 12.00% Solar fully integrated
SLW 8.56% Silver reseller
AUY 6.53% Gold mining
IAG 5.68% Gold mining
TC 4.58% Molybdenum mining
I am overweight in Solar & Mining BUT ...still diversified in many sectors....
Good luck with your focus in improving your total equity in 2010......
BLOG does NOT give buy or sell.
PS....Had to do lot of calculations for YTD review..... thus a delay in post....
Saleem
Friday, December 25, 2009
Buy rated stocks for "Happy New Year".....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
OTEX,LULU,ABMD,LSI,QLGC,COCO,MBT,NOK,
AAPL,CEO,SHOO,AKAM,CA,CYOU,FWLT,GLNG,
LCRD,LIZ,NYX,STV,VMW,YZC,UEC,NEP.
Next post by 10AM Sunday !!!!
BLOG does NOT give buy or sell.
Saleem
OTEX,LULU,ABMD,LSI,QLGC,COCO,MBT,NOK,
AAPL,CEO,SHOO,AKAM,CA,CYOU,FWLT,GLNG,
LCRD,LIZ,NYX,STV,VMW,YZC,UEC,NEP.
Next post by 10AM Sunday !!!!
BLOG does NOT give buy or sell.
Saleem
Thursday, December 24, 2009
Markets saying "Merry Christmas"by closing @ new 09 HIGHS !!!!
Dow ,S&P 500 & Nasdaq all closed @ brand new 09 HIGHS.......
IF this is not a strong bull market...then I have no other definition.....IF it behaves like a bull market for almost 10 months straight then it MUST be a bull market...
I am sure Doug Kass,Carter Worth,Roubini,Prechter,Rosenberg are turning in their sleep DAILY since July when all of them proclaimed that we are going way down fast.....actually we went UP FASTER......
Gold UP $11.10
Oil UP 73 cents
Canadian $ Down 7 tick.....
In my portfolio :
Bought TC @ $12.10..it is a Molybdenum producer..Moly is used in Steel to stregthen it.
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
Many stocks were green @ close like AAPL(new 52wk high),BIDU,PWRD,
AA,AGU,IPI,PALM,GOOG,X,MRVL,GG,SU.......
By 10 AM Saturday,I will list buy rated stocks.
BLOG does NOT give buy or sell.
Wishing all of you a "Merry Christmas"
Saleem
IF this is not a strong bull market...then I have no other definition.....IF it behaves like a bull market for almost 10 months straight then it MUST be a bull market...
I am sure Doug Kass,Carter Worth,Roubini,Prechter,Rosenberg are turning in their sleep DAILY since July when all of them proclaimed that we are going way down fast.....actually we went UP FASTER......
Gold UP $11.10
Oil UP 73 cents
Canadian $ Down 7 tick.....
In my portfolio :
Bought TC @ $12.10..it is a Molybdenum producer..Moly is used in Steel to stregthen it.
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
Many stocks were green @ close like AAPL(new 52wk high),BIDU,PWRD,
AA,AGU,IPI,PALM,GOOG,X,MRVL,GG,SU.......
By 10 AM Saturday,I will list buy rated stocks.
BLOG does NOT give buy or sell.
Wishing all of you a "Merry Christmas"
Saleem
Wednesday, December 23, 2009
Nasdaq & S&P 500 highest close AGAIN....NICE!!!
Indices are marching into record territory every day.......
S&P 500 & Nasdaq closed @ highest level of 09 AGAIN.....
Nasdaq IS breaking away & is @ HIGHEST level since JAN 08..almost 2 year HIGH......BUT hordes of BEARS are NOT benefiting from the biggest turnaround ????
Gold stocks turned higher with conviction.......
Oil moved UP......
In my portfolio :
Sold GAME
Bought IAG @ $15.67...it is a Gold producer....
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL......
As you can see I have a changing strategy now based on market conditions....staying with strong sector & strong stocks in that sector...plus buying heavy into BEATEN down sector Gold & POT...
Market is becoming sector focus & getting "overbought" very quickly..so you have to be either EARLY or do NOT chase.......
I am also NOT fond of any stock which is NOT working out..it IS better to get out QUICKLY with minor loss.......
Your precious investment $ needs to WORK......
It IS NOT how much MONEY you have put to work, but how effectively you are managing it on a daily basis...more money do not necessarily produce better result..sometimes it does the opposite..creates more challenges in creating profit.....
We have half day market on Thursday closing @ 1PM...that leaves us with Monday the 28th Dec to book gains or loss for the year as it allows for 3 day settlement....
AH Futures are UP
AH Nikkei is UP
AH Hang Seng is UP
AH Shanghai is UP
AH Oil is UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Nasdaq closed @ highest level of 09 AGAIN.....
Nasdaq IS breaking away & is @ HIGHEST level since JAN 08..almost 2 year HIGH......BUT hordes of BEARS are NOT benefiting from the biggest turnaround ????
Gold stocks turned higher with conviction.......
Oil moved UP......
In my portfolio :
Sold GAME
Bought IAG @ $15.67...it is a Gold producer....
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL......
As you can see I have a changing strategy now based on market conditions....staying with strong sector & strong stocks in that sector...plus buying heavy into BEATEN down sector Gold & POT...
Market is becoming sector focus & getting "overbought" very quickly..so you have to be either EARLY or do NOT chase.......
I am also NOT fond of any stock which is NOT working out..it IS better to get out QUICKLY with minor loss.......
Your precious investment $ needs to WORK......
It IS NOT how much MONEY you have put to work, but how effectively you are managing it on a daily basis...more money do not necessarily produce better result..sometimes it does the opposite..creates more challenges in creating profit.....
We have half day market on Thursday closing @ 1PM...that leaves us with Monday the 28th Dec to book gains or loss for the year as it allows for 3 day settlement....
AH Futures are UP
AH Nikkei is UP
AH Hang Seng is UP
AH Shanghai is UP
AH Oil is UP
BLOG does NOT give buy or sell.
Saleem
Another new 09 HIGHS for S&P 500 & Nasdaq....
Despite poor new home sales,majority of indices are staying green & making new 09 highs today also....
S&P 500 & Nasdaq are in new 09 high territory......while Carter Worth of Oppenheimer sees S&P in Downtrend..Fact is S&P 500 keeps making new HIGHS...& he claims to be a technician???
Gold UP $8.60
Oil UP $1.99
Canadain $ UP 87 tick to 95.41 cents US for 1 CAD...
In my portfolio :
Added another 15% SOLF @ $7.58 my overall cost is $7.48
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL.......
Piper Jaffray had target increases on TSL to $65 .....CSIQ also had target increased to $35
Most Stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Nasdaq are in new 09 high territory......while Carter Worth of Oppenheimer sees S&P in Downtrend..Fact is S&P 500 keeps making new HIGHS...& he claims to be a technician???
Gold UP $8.60
Oil UP $1.99
Canadain $ UP 87 tick to 95.41 cents US for 1 CAD...
In my portfolio :
Added another 15% SOLF @ $7.58 my overall cost is $7.48
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL.......
Piper Jaffray had target increases on TSL to $65 .....CSIQ also had target increased to $35
Most Stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 22, 2009
Another 09 highest close for Nasdaq & S&P 500....
Indices are making new 09 HIGHS regularly....
Nasdaq & S&P 500 today closed @ the highest point in 09.....
Dow is getting ready to make another 09 HIGH...
VIX collapsed to new 52 wk LOW by closing @ 19.54 Down 4.64%...this signals series of new lows ???
Solar stocks took breather except CSIQ,ESLR,STP,CSUN who bucked the trend & closed green....
Gold stocks had a pulse today while Gold bullion was Down sharply.....
AH Futures are Green
AH Shanghai,& Hang Seng Down while Nikkei is closed.
AH RHT & TIBX had good ER UP 7.10% & 7.51%
BLOG does NOT give buy or sell.
Saleem
Nasdaq & S&P 500 today closed @ the highest point in 09.....
Dow is getting ready to make another 09 HIGH...
VIX collapsed to new 52 wk LOW by closing @ 19.54 Down 4.64%...this signals series of new lows ???
Solar stocks took breather except CSIQ,ESLR,STP,CSUN who bucked the trend & closed green....
Gold stocks had a pulse today while Gold bullion was Down sharply.....
AH Futures are Green
AH Shanghai,& Hang Seng Down while Nikkei is closed.
AH RHT & TIBX had good ER UP 7.10% & 7.51%
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Nasdaq @ new 09 HIGH.....NICE !!!!
Indices are green ignoring weaker revision of GDP numbers......
S&P 500 & Nasdaq went to new 09 highs today......
Gold Down another $13.30...but Gold stocks have turned UP...sometimes miners lead gold to higher ground,which is the case today.
Oil Down 23 cents finding support around these levels...
Canadian $ UP 66 tick
In my portfolio :
More than doubled my position in SOLF @ $7.55...
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL......
TSL went to another 52 wk high before pulling back along with other solar stocks.......
@ 12.16 following are GREEN :
AMZN,POT,AUY,AAPL,SOHU,CREE,IBN,CCJ,
ISRG,GOOG,MA,IAG,EXPE,RVBD,X,APWR,TC......
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Nasdaq went to new 09 highs today......
Gold Down another $13.30...but Gold stocks have turned UP...sometimes miners lead gold to higher ground,which is the case today.
Oil Down 23 cents finding support around these levels...
Canadian $ UP 66 tick
In my portfolio :
More than doubled my position in SOLF @ $7.55...
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL......
TSL went to another 52 wk high before pulling back along with other solar stocks.......
@ 12.16 following are GREEN :
AMZN,POT,AUY,AAPL,SOHU,CREE,IBN,CCJ,
ISRG,GOOG,MA,IAG,EXPE,RVBD,X,APWR,TC......
BLOG does NOT give buy or sell.
Saleem
Monday, December 21, 2009
Nasdaq highest close of 09 AGAIN.....
All Indices closed GREEN and Nasdaq closed @ highest point of 09....
S&P 500 is ready to make a new high of 09 also....
Gold & Oil weak again......
Solar stocks were strong again with TSL & CSIQ @ new 52 wk highs....
Strong stocks included POT,AMZN,TSL,SOLF,AA,ISRG,GOOG,GS,
AAPL,EXPE,X,SNDK,AMD,LSI,JASO,CSIQ,PALM......
AH Futures are mostly UP
AH Nikkei UP
AH Hang Seng UP
VIX closed Down 5.49% @ 20.49..getting close to its 52 wk low of 20.05..it is Down 54.40% in 1 yr????
BLOG does NOT give buy or sell.
Saleem
S&P 500 is ready to make a new high of 09 also....
Gold & Oil weak again......
Solar stocks were strong again with TSL & CSIQ @ new 52 wk highs....
Strong stocks included POT,AMZN,TSL,SOLF,AA,ISRG,GOOG,GS,
AAPL,EXPE,X,SNDK,AMD,LSI,JASO,CSIQ,PALM......
AH Futures are mostly UP
AH Nikkei UP
AH Hang Seng UP
VIX closed Down 5.49% @ 20.49..getting close to its 52 wk low of 20.05..it is Down 54.40% in 1 yr????
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.19% to 1.38%..so far.....NICE !!!!
Nasdaq @ new 09 HIGH..
S&P 500 very close to making new 09 HIGHS
Dow is the laggard today with UP move of only 1.19%
Gold Down $9.80...trying to make Double bottom????
Oil UP 32 cents...still looking weak????
Canadian $ UP 63 tick @ 94.36 cents US for 1 CAD.....
In my portfolio :
Tripled my position in SOLF @ $7.06...1 cent above low of the day...nice fill.....
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL...
POT was upgraded to "conviction buy " by GS.....
TSL @ new 52 wk high on high volume
Most stocks are UP except Gold stocks......
BLOG does NOT give buy or sell.
Saleem
S&P 500 very close to making new 09 HIGHS
Dow is the laggard today with UP move of only 1.19%
Gold Down $9.80...trying to make Double bottom????
Oil UP 32 cents...still looking weak????
Canadian $ UP 63 tick @ 94.36 cents US for 1 CAD.....
In my portfolio :
Tripled my position in SOLF @ $7.06...1 cent above low of the day...nice fill.....
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL...
POT was upgraded to "conviction buy " by GS.....
TSL @ new 52 wk high on high volume
Most stocks are UP except Gold stocks......
BLOG does NOT give buy or sell.
Saleem
Sunday, December 20, 2009
Are we ready to take out 09 HIGHS........
Markets are in a 8 week consolidation...gone nowhere and stuck in 1100 area of S&P 500....
Seasonally we are in a "positive mode" until Jan 8th........
Many stocks are in major bull mode on a selective basis.....even in strong sectors there are many laggards......
It has been a smart move to stay in strongest stocks in strong sectors......Solar is a case in point where TSL & CSIQ have led the pack while others languish......
SO...it is important NOT to look @ index as an indication of how to make money in markets.....
BUT ...next three weeks MAY jolt the index out of its base building and make new HIGHS for 09...
BUT ..it IS important to focus on trading ideas as some stocks get overbought while others are READY to move UP.......
There are stocks which are heavily MANIPULATED by hedge funds for their OWN strategy....POT,AMZN,AAPL,RIMM,BIDU,SOHU falls in that category...which means that you should BUY when they are DUMPING these stocks as they become undervalued in the process...a basket approach always works.....
There is plenty of buying power which IS waiting to get IN......some are WAITING for index to breakout....some are waiting for major correction........the trouble with waiting for major correction is that individual stocks keeps making new HIGHS while they wait endlessly for Index to come Down......
Unless you are trading Index....this market has rewarded diversified investors/traders.......
We have only "four trading days left" for booking gain/loss for 09...it MAY not be a bad idea to prune stocks which are NOT performing......after major rally of 9 months ,you should KNOW what is NOT working.....Investment/trading $ should work for you or else it is NOT worth owning.....
Admitting BAD investment/trading decision is KEY to improving your investment/trading SKILLS..it is NEVER too late to IMPROVE your stock selection......
I do see next few weeks as positive in markets......so position accordingly.....
Here is my sector & $ allocation as of Friday :
TSL 35.33% Solar fully integrated
POT 21.96 AG Potash producer
AMZN 15.41% Technology/Internet online supplier
SLW 10%...Silver reseller
AUY 7.85% Gold mining
GAME 7.24% Online gaming
SOLF 2.29% Solar fully integrated.
Staying diversified has helped me when there is short attack in POT.......
Good luck with your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Seasonally we are in a "positive mode" until Jan 8th........
Many stocks are in major bull mode on a selective basis.....even in strong sectors there are many laggards......
It has been a smart move to stay in strongest stocks in strong sectors......Solar is a case in point where TSL & CSIQ have led the pack while others languish......
SO...it is important NOT to look @ index as an indication of how to make money in markets.....
BUT ...next three weeks MAY jolt the index out of its base building and make new HIGHS for 09...
BUT ..it IS important to focus on trading ideas as some stocks get overbought while others are READY to move UP.......
There are stocks which are heavily MANIPULATED by hedge funds for their OWN strategy....POT,AMZN,AAPL,RIMM,BIDU,SOHU falls in that category...which means that you should BUY when they are DUMPING these stocks as they become undervalued in the process...a basket approach always works.....
There is plenty of buying power which IS waiting to get IN......some are WAITING for index to breakout....some are waiting for major correction........the trouble with waiting for major correction is that individual stocks keeps making new HIGHS while they wait endlessly for Index to come Down......
Unless you are trading Index....this market has rewarded diversified investors/traders.......
We have only "four trading days left" for booking gain/loss for 09...it MAY not be a bad idea to prune stocks which are NOT performing......after major rally of 9 months ,you should KNOW what is NOT working.....Investment/trading $ should work for you or else it is NOT worth owning.....
Admitting BAD investment/trading decision is KEY to improving your investment/trading SKILLS..it is NEVER too late to IMPROVE your stock selection......
I do see next few weeks as positive in markets......so position accordingly.....
Here is my sector & $ allocation as of Friday :
TSL 35.33% Solar fully integrated
POT 21.96 AG Potash producer
AMZN 15.41% Technology/Internet online supplier
SLW 10%...Silver reseller
AUY 7.85% Gold mining
GAME 7.24% Online gaming
SOLF 2.29% Solar fully integrated.
Staying diversified has helped me when there is short attack in POT.......
Good luck with your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Saturday, December 19, 2009
Buy rated stocks for year end rally !!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
CSUN,YHOO,NDN,DIN,MIR,EXTR,MIPS,INCY,TIBX,
CLS,CX,ELX,EMC,NMM,AOB,CRYP,BWEN,BNHNA,
AUO,TNK,RBY.
Next post by 10 AM on Sunday.
BLOG does NOT give buy or sell.
Saleem
CSUN,YHOO,NDN,DIN,MIR,EXTR,MIPS,INCY,TIBX,
CLS,CX,ELX,EMC,NMM,AOB,CRYP,BWEN,BNHNA,
AUO,TNK,RBY.
Next post by 10 AM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, December 18, 2009
All Indices closed GREEN...NICE !!!!
Indices fought back and made it ABOVE key technical levels watched by technicians....
S&P 500 above 1100..closed @ 1102.47...
Nasdaq above 2200..closed @ 2211.69..
These were the most watched numbers.....
Gold move UP to $1110
Oil moved above $73
So..what is NOT to like about this market......
By 10 AM Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 above 1100..closed @ 1102.47...
Nasdaq above 2200..closed @ 2211.69..
These were the most watched numbers.....
Gold move UP to $1110
Oil moved above $73
So..what is NOT to like about this market......
By 10 AM Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Indices trying for green after pullback.....
Indices are under Option Expiry pressure AGAIN......
Option related activities should subside after lunch....
Gold UP 70 cents
Oil UP 60 cents
Canadian $ UP 36 tick
In my portfolio :
SOLD MRVL
Bought 15% more POT @ $ 106.80....looks like selling is drying up after Soleil securities downgraded POT to a sell with a target of $85...their thesis of $300 per ton potash contract with China is unrealistic...should be just below $400 per ton.....we all will know next week when contract is finalized.....
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL......
@12.27 following are green :
AMZN,TSL,AUY,SLW,IAG,ABX,GG,RIMM,AAPL,MRVL,
CSIQ,GOOG,MA,V,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Option related activities should subside after lunch....
Gold UP 70 cents
Oil UP 60 cents
Canadian $ UP 36 tick
In my portfolio :
SOLD MRVL
Bought 15% more POT @ $ 106.80....looks like selling is drying up after Soleil securities downgraded POT to a sell with a target of $85...their thesis of $300 per ton potash contract with China is unrealistic...should be just below $400 per ton.....we all will know next week when contract is finalized.....
Portfolio is AMZN,AUY,GAME,POT,SLW,SOLF,TSL......
@12.27 following are green :
AMZN,TSL,AUY,SLW,IAG,ABX,GG,RIMM,AAPL,MRVL,
CSIQ,GOOG,MA,V,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Thursday, December 17, 2009
Indices lost 1.18% to 1.27% @ close....
Strength of US$ & Option Expiry pressure put markets in a tailspin...closing near/@ lows of the day......
Internals were also very weak where Down volume dominated by a huge margin......
Gold was given a big drubbing and closed @ lowest point since reaching all time highs......
BUT......AH RIMM surprised everyone by handily beating Sales & EPS consensus...RIMM also guiding UP..... higher than consensus.....AH RIMM is UP 12.21% on AH volume of 1.10 million shares.....
ORCL also beating consensus UP 4.02% on AH 3.2 million shares...
These two reports are causing optimism and AH futures are UP strongly......
AG stocks were under pressure as there are reports that next week China will finalize Potash contract which MAY be slightly below SPOT price which could be under $400......this news is in the price of stocks now......
Most commodities were under pressure due to US$ strength......
AH Nikkei,Hang Seng,Shanghai are all Down in sympathy with Wall Street negative close...
AH Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were also very weak where Down volume dominated by a huge margin......
Gold was given a big drubbing and closed @ lowest point since reaching all time highs......
BUT......AH RIMM surprised everyone by handily beating Sales & EPS consensus...RIMM also guiding UP..... higher than consensus.....AH RIMM is UP 12.21% on AH volume of 1.10 million shares.....
ORCL also beating consensus UP 4.02% on AH 3.2 million shares...
These two reports are causing optimism and AH futures are UP strongly......
AG stocks were under pressure as there are reports that next week China will finalize Potash contract which MAY be slightly below SPOT price which could be under $400......this news is in the price of stocks now......
Most commodities were under pressure due to US$ strength......
AH Nikkei,Hang Seng,Shanghai are all Down in sympathy with Wall Street negative close...
AH Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Less than 1% loss in markets......
Markets are trying to fight back negativity associated with bad jobs data & rising US$....
Option Expiry also helping MM to bring stocks to their desired strike price......
S&P 500 fighting to reclaim 1100....which will be nice.....
World markets were down close to 2%+- overnight..so 1% decline in US is sign of relative strength...
Gold is @ lowest level since reaching all time high..Down $31.60 to $1103.90
Oil Down $1.20
Canadian $ Down 1 cents to 93.30 cents US for 1 CAD......
Portfolio is AMZN,AUY,GAME,MRVL,POT,SLW,SOLF,TSL.....
Most stocks are RED......
BLOG does NOT give buy or sell.
Saleem
Option Expiry also helping MM to bring stocks to their desired strike price......
S&P 500 fighting to reclaim 1100....which will be nice.....
World markets were down close to 2%+- overnight..so 1% decline in US is sign of relative strength...
Gold is @ lowest level since reaching all time high..Down $31.60 to $1103.90
Oil Down $1.20
Canadian $ Down 1 cents to 93.30 cents US for 1 CAD......
Portfolio is AMZN,AUY,GAME,MRVL,POT,SLW,SOLF,TSL.....
Most stocks are RED......
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 16, 2009
Another constructive close.....
Fed decision came as expected "no change".....
Fed noted "improvement in job picture"
BUT.....indices were sold off initially BUT came back with Nasdaq & S&P 500 green & Dow barely RED.....
Option Expiry also played some role in giving up majority of gains....
Gold is off to the races AGAIN....
Silver also Strong
Oil was strong also......
Strong stocks included POT,MRVL,SLW,GAME,SOL,SOHU,ABX,
NVDA,RVBD,STX,AMD,CYOU.....
AH Futures are GREEN
AH Gold UP
AH Silver UP
AH Oil UP
AH Nikkei UP
AH Shanghai UP
BLOG does NOT give buy or sell.
Saleem
Fed noted "improvement in job picture"
BUT.....indices were sold off initially BUT came back with Nasdaq & S&P 500 green & Dow barely RED.....
Option Expiry also played some role in giving up majority of gains....
Gold is off to the races AGAIN....
Silver also Strong
Oil was strong also......
Strong stocks included POT,MRVL,SLW,GAME,SOL,SOHU,ABX,
NVDA,RVBD,STX,AMD,CYOU.....
AH Futures are GREEN
AH Gold UP
AH Silver UP
AH Oil UP
AH Nikkei UP
AH Shanghai UP
BLOG does NOT give buy or sell.
Saleem
All Indices GREEN.....NICE !!!!
Fed statement will further boost stocks......
All Indices staying green ahead of the Fed policy statement @ 2.15 PM.....not expecting any change from last month.....which IS a good thing....
Gold UP $13.70
Oil UP $2.43
Canadian $ UP 28 tick
In my portfolio :
Bought SOLF @ $7.45
Portfolio is AMZN,AUY,GAME,MRVL,POT,SLW,SOLF,TSL......
Most stocks are UP $$$$$
BLOG does NOT give buy or sell.
Saleem
All Indices staying green ahead of the Fed policy statement @ 2.15 PM.....not expecting any change from last month.....which IS a good thing....
Gold UP $13.70
Oil UP $2.43
Canadian $ UP 28 tick
In my portfolio :
Bought SOLF @ $7.45
Portfolio is AMZN,AUY,GAME,MRVL,POT,SLW,SOLF,TSL......
Most stocks are UP $$$$$
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 15, 2009
.5% pullback in major Indices......
After closing @ 09 highs yesterday....Indices gave up .5%.....
Internals were much weaker than close...down volume & declining stocks led by a wide margin...
Fed meeting will conclude on Wed @ 2.15 PM and expecting "no change in text from last time" thus being "positive for stock market"
In my portfolio :
Sold AAPL
Bought AUY @ $11.98
Bought SLW @ $15.42
Bought Game @ $10.59
Portfolio is AMZN,AUY,GAME,MRVL,POT,SLW,TSL.....
AH Futures are Green
AH Nikkei UP
AH Hang Seng UP
AH Shanghai UP
AH Gold UP
Strong stocks included all solar which has been on fire......TSL,CSIQ,JASO,STP,V,SOHU,
SPWRA....
BLOG does NOT give buy or sell.
Saleem
Internals were much weaker than close...down volume & declining stocks led by a wide margin...
Fed meeting will conclude on Wed @ 2.15 PM and expecting "no change in text from last time" thus being "positive for stock market"
In my portfolio :
Sold AAPL
Bought AUY @ $11.98
Bought SLW @ $15.42
Bought Game @ $10.59
Portfolio is AMZN,AUY,GAME,MRVL,POT,SLW,TSL.....
AH Futures are Green
AH Nikkei UP
AH Hang Seng UP
AH Shanghai UP
AH Gold UP
Strong stocks included all solar which has been on fire......TSL,CSIQ,JASO,STP,V,SOHU,
SPWRA....
BLOG does NOT give buy or sell.
Saleem
Market fighting weaker/hotter economic data......
Inflation came in hotter and economic data came in weaker in NY......
Indices are trying to go green..so far Nasdaq is in positive territory...
Gold Down $2.90
Oil UP $1.10
Canadian $ Down 14 tick
In my portfolio :
Bought AMZN @ $131.10
Portfolio is AAPL,AMZN,MRVL,POT,TSL.....
@ 12.25 following are GREEN :
TSL,AMZN,POT,CSIQ,JASO,SOLF,STP,CREE,
AGU,IPI,ISRG,RIMM,BIDU,RCI,V,GNK,ECA,
SINA,NTES,FWLT,SPWRA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Indices are trying to go green..so far Nasdaq is in positive territory...
Gold Down $2.90
Oil UP $1.10
Canadian $ Down 14 tick
In my portfolio :
Bought AMZN @ $131.10
Portfolio is AAPL,AMZN,MRVL,POT,TSL.....
@ 12.25 following are GREEN :
TSL,AMZN,POT,CSIQ,JASO,SOLF,STP,CREE,
AGU,IPI,ISRG,RIMM,BIDU,RCI,V,GNK,ECA,
SINA,NTES,FWLT,SPWRA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Monday, December 14, 2009
Highest close of 09 on higher volume...NICE !!!!
Today IS a milestone for all Indices...all had the highest close of 09 on higher volume......
Monday has been strong for many weeks back to back....
Gold was UP after a week of weakness...
Oil continued its weakness......
In my portfolio :
Sold SOLF
Portfolio is AAPL,MRVL,POT,TSL......
Thinking of reducing exposure in market & pulling more money out......I have been doing this for months now....NOT a reflection of how i think of the market... direction remains UP....like to involve as little of my own money.....majority is house money.....an objective which I will carry on as we move forward....it keeps me disciplined in optimizing my $$ and booking profit as i go along.....
AH Futures are small RED....
AH Nikkei Down .18%
AH Hang Seng Down .84%
AH Oil UP
AH Gold UP
AH Silver UP
Solar stocks were on fire AGAIN..JASO,CSIQ,STP,TSL,SOLF,LDK,SOL,FSLR all UP
V,GOOG,BIDU,AAPL,MRVL,SINA,MA,GNK,LVS,FMCN were strong also.....
BLOG does NOT give buy or sell.
Saleem
Monday has been strong for many weeks back to back....
Gold was UP after a week of weakness...
Oil continued its weakness......
In my portfolio :
Sold SOLF
Portfolio is AAPL,MRVL,POT,TSL......
Thinking of reducing exposure in market & pulling more money out......I have been doing this for months now....NOT a reflection of how i think of the market... direction remains UP....like to involve as little of my own money.....majority is house money.....an objective which I will carry on as we move forward....it keeps me disciplined in optimizing my $$ and booking profit as i go along.....
AH Futures are small RED....
AH Nikkei Down .18%
AH Hang Seng Down .84%
AH Oil UP
AH Gold UP
AH Silver UP
Solar stocks were on fire AGAIN..JASO,CSIQ,STP,TSL,SOLF,LDK,SOL,FSLR all UP
V,GOOG,BIDU,AAPL,MRVL,SINA,MA,GNK,LVS,FMCN were strong also.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 getting closer to new 09 HIGHS.....
All indices are green & getting close to making new 09 highs....
Dubai & C are the main driver plus XOM takeover of XTO is another positive.....
Gold UP $5.30
Oil UP 14 cents
Canadian $ UP 10 tick
In my portfolio :
Sold EXPE
Doubled my position in POT @ $117.06
Portfolio is AAPL,MRVL,POT,SOLF,TSL......
@ 12.09 following are green :
AAPL,TSL,SOLF,MRVL,STP,LDK,CSIQ,JASO,
TLM,SLW,AUY,CREE,CCJ,ISRG,GOOG,BIDU,
MA,V,NVDA,SU,GNK,LVS,FMCN,TKC,APWR,
ASIA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Dubai & C are the main driver plus XOM takeover of XTO is another positive.....
Gold UP $5.30
Oil UP 14 cents
Canadian $ UP 10 tick
In my portfolio :
Sold EXPE
Doubled my position in POT @ $117.06
Portfolio is AAPL,MRVL,POT,SOLF,TSL......
@ 12.09 following are green :
AAPL,TSL,SOLF,MRVL,STP,LDK,CSIQ,JASO,
TLM,SLW,AUY,CREE,CCJ,ISRG,GOOG,BIDU,
MA,V,NVDA,SU,GNK,LVS,FMCN,TKC,APWR,
ASIA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Sunday, December 13, 2009
Option expiry week & new 09 HIGHS ????
This week is Option Expiry week...when even the most experienced traders/investors are fearful & expect a bad week in markets.......
This Option Expiry MAY surprise all of us by Indices making new 09 HIGHS....why do i think that way......because we have been going sideways for the most part since week of Oct 19th..a nice 8 week base building.....
Markets also braved US$ upsurge with great confidence...which tells me that US$ is ready to RESUME its downtrend & Gold,Oil ,Euro is ready to move back UP.....
Economic news have been better than consensus around the world..China is leading in economic UPSURGE which is very good for world markets......
There is lot of "technical talk about 1100 area"......most technical gurus do NOT see us going above 1120...I beg to differ strongly.......once we slice 1120 then we quickly go to 1170 area...then 1120 area becomes support....
What most fundamental & technical GURUS FAIL to see that this IS a major "bull market" and IS in a strong UPTREND ...
I strongly believe that we will CONTINUE to make new HIGHS for next TWO years.....YES there will be brief corrections along the way & RSI above 70 will tell you each time.....those corrections will be the chance to book profit in your portfolio & BUY laggards......
Buying on weakness IS a "smart strategy" and HAS worked like a charm since March of 09...IF something WORKS for 9 months ..you KNOW a new baby is born......
As of Friday we are UP 440 points or +66.07% since March......It is "tragic" IF you remained skeptic & did NOT participate in this well defined bull market.....I know it is TOUGH to explain to anyone why your equity did not go UP by 66%+++.......BUT we have a long way to go in this bull run...so it is NEVER late to design a "winning strategy".......
Oil,Gold,Solar,Techs,Ag are all consolidating lately..so it will be a smart move to create a well diversified portfolio......
Message of the market is very clear...it is going UP....
BUT message of the skeptics/bears are based on "fighting the TAPE" which has NEVER worked & has caused major shrinkage in equity????
This market since March has been easiest to navigate...BUT IF you cannot see the TREND then you NEED to REVISIT your investing/trading thesis.....it NEEDS a major WAKE UP call.....
Experience has NO meaning IF you are NOT making money like everyone else?????
We have roughly 10 full trading days left in this calender year to book gains/loss for 2009...please look @ your portfolio from TAX purposes and MAYBE it is time to shift into BETTER performing stocks......
Look ahead to 2010 & try to PLAN better investing/trading strategy...cannot change 2009 BUT sure CAN IMPACT 2010......
Good luck in your RETHINK/REPLAN......PLAN to do BETTER...it IS never an accident......
Here is my $/sector allocation picture as of Friday's close :
TSL 29.48% Solar fully integrated
AAPL 24.03% Tech/Smartphone/PC
EXPE 13.78% Travel wholesaler
SOLF 11.42% Solar fully integrated
MRVL 11.38% Tech/Smartphone/PC chip supplier
POT 9.91% AG/Potash producer
I remain overweight in Solar 40.90% & Tech 35.41%...rest in other sectors......Diversification IS extremely important..... to benefit from sector ROTATION which IS going on.......
BLOG does NOT give buy or sell.
Saleem
This Option Expiry MAY surprise all of us by Indices making new 09 HIGHS....why do i think that way......because we have been going sideways for the most part since week of Oct 19th..a nice 8 week base building.....
Markets also braved US$ upsurge with great confidence...which tells me that US$ is ready to RESUME its downtrend & Gold,Oil ,Euro is ready to move back UP.....
Economic news have been better than consensus around the world..China is leading in economic UPSURGE which is very good for world markets......
There is lot of "technical talk about 1100 area"......most technical gurus do NOT see us going above 1120...I beg to differ strongly.......once we slice 1120 then we quickly go to 1170 area...then 1120 area becomes support....
What most fundamental & technical GURUS FAIL to see that this IS a major "bull market" and IS in a strong UPTREND ...
I strongly believe that we will CONTINUE to make new HIGHS for next TWO years.....YES there will be brief corrections along the way & RSI above 70 will tell you each time.....those corrections will be the chance to book profit in your portfolio & BUY laggards......
Buying on weakness IS a "smart strategy" and HAS worked like a charm since March of 09...IF something WORKS for 9 months ..you KNOW a new baby is born......
As of Friday we are UP 440 points or +66.07% since March......It is "tragic" IF you remained skeptic & did NOT participate in this well defined bull market.....I know it is TOUGH to explain to anyone why your equity did not go UP by 66%+++.......BUT we have a long way to go in this bull run...so it is NEVER late to design a "winning strategy".......
Oil,Gold,Solar,Techs,Ag are all consolidating lately..so it will be a smart move to create a well diversified portfolio......
Message of the market is very clear...it is going UP....
BUT message of the skeptics/bears are based on "fighting the TAPE" which has NEVER worked & has caused major shrinkage in equity????
This market since March has been easiest to navigate...BUT IF you cannot see the TREND then you NEED to REVISIT your investing/trading thesis.....it NEEDS a major WAKE UP call.....
Experience has NO meaning IF you are NOT making money like everyone else?????
We have roughly 10 full trading days left in this calender year to book gains/loss for 2009...please look @ your portfolio from TAX purposes and MAYBE it is time to shift into BETTER performing stocks......
Look ahead to 2010 & try to PLAN better investing/trading strategy...cannot change 2009 BUT sure CAN IMPACT 2010......
Good luck in your RETHINK/REPLAN......PLAN to do BETTER...it IS never an accident......
Here is my $/sector allocation picture as of Friday's close :
TSL 29.48% Solar fully integrated
AAPL 24.03% Tech/Smartphone/PC
EXPE 13.78% Travel wholesaler
SOLF 11.42% Solar fully integrated
MRVL 11.38% Tech/Smartphone/PC chip supplier
POT 9.91% AG/Potash producer
I remain overweight in Solar 40.90% & Tech 35.41%...rest in other sectors......Diversification IS extremely important..... to benefit from sector ROTATION which IS going on.......
BLOG does NOT give buy or sell.
Saleem
Saturday, December 12, 2009
Buy rated stocks for new 09 HIGHS !!!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
SOLR,CHWY,ENTG,IMAX,IMGN,ONTY,YUII,VIMC,
COT,AFFX,CHRS,TREE,DAL,ALK,CAL,BBY,CSTR,ING,
MRVL,SNCR,LUV,YZC,HPJ.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
SOLR,CHWY,ENTG,IMAX,IMGN,ONTY,YUII,VIMC,
COT,AFFX,CHRS,TREE,DAL,ALK,CAL,BBY,CSTR,ING,
MRVL,SNCR,LUV,YZC,HPJ.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, December 11, 2009
Another constructive close despite strength of US$ !!!
Indices fought profit taking due to contrary effect of US$ strength.......
Indices are very close to taking old highs....
Gold closed lower....
Oil closed lower...
By 10 AM Saturday ..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Indices are very close to taking old highs....
Gold closed lower....
Oil closed lower...
By 10 AM Saturday ..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Markets are mixed as US$ strengthens.......
US$ is gaining momentum and taking its toll on commodities & currencies......
US economic data & confidence numbers are getting better which is giving boost to confidence in US economy & US$ will benefit .
Nasdaq is the only index which is in RED......while Dow & S&P 500 are UP.....
Gold Down $11.20 to $1114 area.....
Oil down 70 cents
Canadian $ Down 43 tick
In my portfolio :
Bought back my covered write on TSL @ $2.75...20 cents gain per share...as I felt that TSL will move sharply UP given a better market......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL......
@ 12.26 following are green :
TSL,STP,SOL,SINA,GE,AA,NDN,RVBD,M,
ICE,LULU,NYX,SPWRA,FSLR,SNE.....
BLOG does NOT give buy or sell.
Saleem
US economic data & confidence numbers are getting better which is giving boost to confidence in US economy & US$ will benefit .
Nasdaq is the only index which is in RED......while Dow & S&P 500 are UP.....
Gold Down $11.20 to $1114 area.....
Oil down 70 cents
Canadian $ Down 43 tick
In my portfolio :
Bought back my covered write on TSL @ $2.75...20 cents gain per share...as I felt that TSL will move sharply UP given a better market......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL......
@ 12.26 following are green :
TSL,STP,SOL,SINA,GE,AA,NDN,RVBD,M,
ICE,LULU,NYX,SPWRA,FSLR,SNE.....
BLOG does NOT give buy or sell.
Saleem
Thursday, December 10, 2009
Green close AGAIN.....NICE !!!!
Indices closed green.......
Gold moved UP
Oil moved lower
Solar stocks were weak for the most part.....down slightly to over 9%......ENER,ESLR,AKNS were the exceptions ..these moved UP on news/speculation.....
Techs were strong like AMZN,MRVL,GOOG...
Other movers were CMED,ISRG,SOHU,FMCN,SINA.....
AH China Industrial output were UP 19.2%...which should give lift to our markets...
AH Futures are Green
AH Nikkei UP .8%
AH Hang Seng UP 1.57%
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Gold moved UP
Oil moved lower
Solar stocks were weak for the most part.....down slightly to over 9%......ENER,ESLR,AKNS were the exceptions ..these moved UP on news/speculation.....
Techs were strong like AMZN,MRVL,GOOG...
Other movers were CMED,ISRG,SOHU,FMCN,SINA.....
AH China Industrial output were UP 19.2%...which should give lift to our markets...
AH Futures are Green
AH Nikkei UP .8%
AH Hang Seng UP 1.57%
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices Green...AGAIN.....NICE !!!
Economic data remains on improving trendline...
Indices are Green......
Gold UP $7.60
Oil Down 57 cents
Canadian $ down 10 tick
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.......
Did covered write on TSL for Jan $50..got $2.95 per contract.....
@12.48 following are green :
TSL,EXPE,MRVL,AMZN,CREE,SINA,CCJ,CMED,ISRG,GOOG,
RIMM,MA,SU,SOHU,FMCN,ICE,JRCC,GS,VAR,TLM.
BLOG does NOT give buy or sell.
Saleem
Indices are Green......
Gold UP $7.60
Oil Down 57 cents
Canadian $ down 10 tick
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.......
Did covered write on TSL for Jan $50..got $2.95 per contract.....
@12.48 following are green :
TSL,EXPE,MRVL,AMZN,CREE,SINA,CCJ,CMED,ISRG,GOOG,
RIMM,MA,SU,SOHU,FMCN,ICE,JRCC,GS,VAR,TLM.
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 9, 2009
Indices closed green...NICE !!!!
Markets struggled with credit downgrade of Spain as another thing to discount......
Markets showed great resiliency by shrugging off many bear thesis and closed UP.....
Solar stocks rebounded after finding support even when oil was down close to $2 and near lowest point in months for oil..nice to see solar stocks de-coupling from oil.
AAPL came back with stunning reversal Up almost $8 on the day.......RIMM was also strong as its ER is due next week..RIMM was being pinned down based on the fear of earning weakness.
AG stocks are making new highs POT,AGU are leading this sector....
AH Futures are green
AH Nikkei is UP
AH Oil,Gold ,Silver are UP....
BLOG does NOT give buy or sell.
Saleem
Markets showed great resiliency by shrugging off many bear thesis and closed UP.....
Solar stocks rebounded after finding support even when oil was down close to $2 and near lowest point in months for oil..nice to see solar stocks de-coupling from oil.
AAPL came back with stunning reversal Up almost $8 on the day.......RIMM was also strong as its ER is due next week..RIMM was being pinned down based on the fear of earning weakness.
AG stocks are making new highs POT,AGU are leading this sector....
AH Futures are green
AH Nikkei is UP
AH Oil,Gold ,Silver are UP....
BLOG does NOT give buy or sell.
Saleem
Indices mixed so far.......
Markets are still trying to digest many news.....Treasury Secty extending bailout to Oct 2010 to stabilize financial markets & American families...which is a good thing.....
BUT...some MAY interpret as "weakness in financial system".....which is NOT a news for some of us who follow mortgage delinquency rates & credit card default closely....
Gold Down $1.70
Oil Down 91 cents
Canadian $ UP 69 tick to 94.68 US cents for 1 CAD......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL......
@ 12.22 following are green :
AAPL,POT,MRVL,GAME,SINA,RCI,AGU,RIMM,GS,MA,V,
NVDA,HL,FMCN,BRCD,LULU,SOHU,NYX,FSLR,GG,IAG,
SLW.
BLOG does NOT give buy or sell.
Saleem
BUT...some MAY interpret as "weakness in financial system".....which is NOT a news for some of us who follow mortgage delinquency rates & credit card default closely....
Gold Down $1.70
Oil Down 91 cents
Canadian $ UP 69 tick to 94.68 US cents for 1 CAD......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL......
@ 12.22 following are green :
AAPL,POT,MRVL,GAME,SINA,RCI,AGU,RIMM,GS,MA,V,
NVDA,HL,FMCN,BRCD,LULU,SOHU,NYX,FSLR,GG,IAG,
SLW.
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 8, 2009
@ Close S&P 500 in oversold territory ???
Close was a downer AGAIN in all indices......
RSI in S&P 500 is @ 49.80.....below 50 it is in "buy zone"
Many negatives impacted Tuesday's close:
-US$ strength
-Gold Down
-Oil Down
-Greece credit rating downgrade
-Dubai credit rating downgrade
-Warning of credit downgrade for US & UK
That was enough to sink European exchange closing Down 1.6% on average.....
US closing was much healthier by being down max 1%....
Are we done "reacting to above negatives"....PROBABLY...
S&P 500 closed @ 1091.94...50 DMA is @ 1079.65...only 12.29 points away from MAJOR support.....
This is a market where staying in quality stocks have paid very well....staying in your stocks while markets are trying to find support should work ...this time also.....
I am extremely "reluctant to book profit now" as I feel the stocks I have should move much HIGHER going forward....in 4 out of my 6 stocks ..i have decent profit...BUT i am staying put & riding out this correction.....just my strategy..you have to find your OWN comfort level.....
AH TXN updated guidance was taken as negative..Down AH 1.79%on AH volume of 302,175...
AH Nikkei Down 1.34%
AH Futures are mixed
AH Oil UP
AH Gold & Silver down
VIX closed @ 23.69 UP 7.19%..@ upper end of range...thus a reversal in stock market.....
BLOG does NOT give buy or sell.
Saleem
RSI in S&P 500 is @ 49.80.....below 50 it is in "buy zone"
Many negatives impacted Tuesday's close:
-US$ strength
-Gold Down
-Oil Down
-Greece credit rating downgrade
-Dubai credit rating downgrade
-Warning of credit downgrade for US & UK
That was enough to sink European exchange closing Down 1.6% on average.....
US closing was much healthier by being down max 1%....
Are we done "reacting to above negatives"....PROBABLY...
S&P 500 closed @ 1091.94...50 DMA is @ 1079.65...only 12.29 points away from MAJOR support.....
This is a market where staying in quality stocks have paid very well....staying in your stocks while markets are trying to find support should work ...this time also.....
I am extremely "reluctant to book profit now" as I feel the stocks I have should move much HIGHER going forward....in 4 out of my 6 stocks ..i have decent profit...BUT i am staying put & riding out this correction.....just my strategy..you have to find your OWN comfort level.....
AH TXN updated guidance was taken as negative..Down AH 1.79%on AH volume of 302,175...
AH Nikkei Down 1.34%
AH Futures are mixed
AH Oil UP
AH Gold & Silver down
VIX closed @ 23.69 UP 7.19%..@ upper end of range...thus a reversal in stock market.....
BLOG does NOT give buy or sell.
Saleem
Markets fighting Negativity due to US$ SURGE....
Indices are fighting back negative sentiment as US$ SURGES......
There is credit rating warning for US & England as their deficits GROWS.....Greece credit rating is also under review...all this creating MORE uncertainties in the mind of investors/traders....BUT we are well ABOVE lows of the day......
Gold Down $11.40
Oil Down $1.02
Canadian $ Down 60 tick
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL......
@ 12.21 following are green :
AAPL,MRVL,EXPE,GAME,AGU,SINA,AMZN,
RIMM,GOOG,PALM.....
BLOG does NOT give buy or sell.
Saleem
There is credit rating warning for US & England as their deficits GROWS.....Greece credit rating is also under review...all this creating MORE uncertainties in the mind of investors/traders....BUT we are well ABOVE lows of the day......
Gold Down $11.40
Oil Down $1.02
Canadian $ Down 60 tick
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL......
@ 12.21 following are green :
AAPL,MRVL,EXPE,GAME,AGU,SINA,AMZN,
RIMM,GOOG,PALM.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 7, 2009
Indices slightly negative on Fed Chief take on Economy...
Markets were unsure based on remark of Fed chief Ben Bernanke that economic growth will be on the weak side....that statement reversed US$ gains & put commodities back on track...
Solar stocks were on fire UP anywhere from 2% to 12%......Copenhagen conference is getting lot of attention & most analysts are upgrading solar stocks...
AG stocks were also on fire Up an average of 4%....GS upgraded POT with a $140 target...
Wall Street favourite AAPL & GS were down another 2%......
AH futures are UP on Fedex upbeat earning picture...
AH Nikkei & Hang Seng Down .5%
AH OIL & Gold slightly UP
PS..post was delayed as I had to step out.
BLOG does NOT give buy or sell.
Saleem
Solar stocks were on fire UP anywhere from 2% to 12%......Copenhagen conference is getting lot of attention & most analysts are upgrading solar stocks...
AG stocks were also on fire Up an average of 4%....GS upgraded POT with a $140 target...
Wall Street favourite AAPL & GS were down another 2%......
AH futures are UP on Fedex upbeat earning picture...
AH Nikkei & Hang Seng Down .5%
AH OIL & Gold slightly UP
PS..post was delayed as I had to step out.
BLOG does NOT give buy or sell.
Saleem
Economic Strength keeping markets in GREEN...NICE !!!!
Markets are GREEN despite US$ strength.......
Economic strength giving belief that GROWTH is IN......
US$ higher as their is consensus that higher interest rates is inevitable in US......
GOLD Down $23.50
OIL Down 88 cents
Canadian $ UP 59 tick against US$.....based on ongoing Real estate strength in Canada,housing prices are UP 10% YOY......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.......
@ 12.13 following are green :
POT,TSL,SOLF,STP,SOL,GAME,AGU,RIMM,GOOG,
NVDA,CSIQ,M,JASO,RCI,BRCD,SPWRA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Economic strength giving belief that GROWTH is IN......
US$ higher as their is consensus that higher interest rates is inevitable in US......
GOLD Down $23.50
OIL Down 88 cents
Canadian $ UP 59 tick against US$.....based on ongoing Real estate strength in Canada,housing prices are UP 10% YOY......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.......
@ 12.13 following are green :
POT,TSL,SOLF,STP,SOL,GAME,AGU,RIMM,GOOG,
NVDA,CSIQ,M,JASO,RCI,BRCD,SPWRA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Sunday, December 6, 2009
S&P 500 analysis for last 10 years........
Many technicians like Robert Prechter & Carter Worth would like to give the impression "based on their "technical analysis"that S&P 500 is ready to collapse......this conclusion was reached back in July 09.....
Also Fundamental analyst like Doug Kass also predicted back in July that 1,000 in S&P 500 is TOP for this market...ever since he has been using metaphors like "market is whistling past its graveyard"
Bad Trader Guy Adami has been predicting S&P 500 to go to 905.....since July 09
Economist David Rosenberg has been calling for S&P 500 to go to below 800 since July 09.....
I have NO idea what these so called EXPERTS saw back in July that they put BEARISH bets in market....obviously they have lost their shirt with this bet over & over.......
Since it is SIX months when all pundits bombarded CNBC with their FLAWED thesis over & over & PRETENDING that they have been RIGHT in their prediction.....based NOT on FACTS but FICTION???
S&P 500 history is very interesting IF we care to analyze last 10 years.......
Last Friday we closed @ 1105.98...which we will keep as a reference point.....
Oct 19th 09... we closed @ 1101.36 ..6 weeks ago
Sep 8th 08 we close @ 1100..15 months ago
So..in the last 15 months ..we have gone nowhere fast.....
Back in Aug 2000 S&P 500 was @ 1517.68.......so in 9 years & 3 months we are Down 411.70 points ...
Dec 2004 S&P 500 was @ 1211.92..so in last 5 years we are Down 105.94 points
S&P 500 reached its peak in Oct 07 @ 1549.38...so in the last 26 months we are Down 443.40 points or Down 40.09%.......
Once you analyze S&P 500 in historical terms..you get a much clearer picture as to where we ARE & where we could POSSIBLY go.....
CNBC has shaken the confidence of many by allowing one way ,unchecked DISTORTION of facts by anyone who cares to express their OPINIONS.....no Challenging of FACTS....
This is a very strong bull market and it IS on its way to new HIGHS in due course.....which MAY take another 24 months to achieve that......
Can you imagine...how much we fought on its way down.....which WAS a once in a lifetime event...credit meltdown......
BUT...we are almost in disbelief & panicky on our way UP?????
Strategy should be ....to BE in the market in a DIVERSIFIED portfolio & let it RIDE UP for next 2 years......
BUT...CNBC has JOLTED some of your thesis by barrage of buy & sell on many of your stocks which has NOT panned out......
CNBC is NOT the way to go when it comes to your hard earned money...do your OWN homework & TRY to understand markets as to HOW they work.....
Learning about markets IS a lifelong objective..so keep @ it..then you will KNOW that what they do NOT talk about on CNBC is going UP the-most......
Sector rotation is going on in markets..but CNBC is still stuck with AAPL & GS as IF there is no other stocks to make money with ?????
Now.... you know WHY ....I do NOT have CNBC in my TV lineup...it offers NO value & it takes your FOCUS away from knowledge based investing/trading to GAMBLING...means "tip of the moment".....
I am sure.... you get my personal view about your OWN due diligence & NOT being "spoon fed by anyone"
Market TAPE is very strong & sector rotation is happening @ a furious pace.....but the question IS ......are you looking @ overall TAPE or just few of the beaten down ideas?????
Here is my $ allocation as of Friday's close :
TSL 30.92%..Solar fully integrated
AAPL 23.44% Tech/Smartphone/PC
EXPE 13.64% Travel wholesaler
SOLF 11.46% Solar fully integrated
MRVL 10.95% Tech/smartphone/PC chip supplier
POT 9.59% AG/Potash
Based on TAPE..I am overweight in Solar & Tech......but still diversified in many sectors !!!!
Good luck with your OWN homework & due diligence.
BLOG does NOT give buy or sell.
Saleem
Also Fundamental analyst like Doug Kass also predicted back in July that 1,000 in S&P 500 is TOP for this market...ever since he has been using metaphors like "market is whistling past its graveyard"
Bad Trader Guy Adami has been predicting S&P 500 to go to 905.....since July 09
Economist David Rosenberg has been calling for S&P 500 to go to below 800 since July 09.....
I have NO idea what these so called EXPERTS saw back in July that they put BEARISH bets in market....obviously they have lost their shirt with this bet over & over.......
Since it is SIX months when all pundits bombarded CNBC with their FLAWED thesis over & over & PRETENDING that they have been RIGHT in their prediction.....based NOT on FACTS but FICTION???
S&P 500 history is very interesting IF we care to analyze last 10 years.......
Last Friday we closed @ 1105.98...which we will keep as a reference point.....
Oct 19th 09... we closed @ 1101.36 ..6 weeks ago
Sep 8th 08 we close @ 1100..15 months ago
So..in the last 15 months ..we have gone nowhere fast.....
Back in Aug 2000 S&P 500 was @ 1517.68.......so in 9 years & 3 months we are Down 411.70 points ...
Dec 2004 S&P 500 was @ 1211.92..so in last 5 years we are Down 105.94 points
S&P 500 reached its peak in Oct 07 @ 1549.38...so in the last 26 months we are Down 443.40 points or Down 40.09%.......
Once you analyze S&P 500 in historical terms..you get a much clearer picture as to where we ARE & where we could POSSIBLY go.....
CNBC has shaken the confidence of many by allowing one way ,unchecked DISTORTION of facts by anyone who cares to express their OPINIONS.....no Challenging of FACTS....
This is a very strong bull market and it IS on its way to new HIGHS in due course.....which MAY take another 24 months to achieve that......
Can you imagine...how much we fought on its way down.....which WAS a once in a lifetime event...credit meltdown......
BUT...we are almost in disbelief & panicky on our way UP?????
Strategy should be ....to BE in the market in a DIVERSIFIED portfolio & let it RIDE UP for next 2 years......
BUT...CNBC has JOLTED some of your thesis by barrage of buy & sell on many of your stocks which has NOT panned out......
CNBC is NOT the way to go when it comes to your hard earned money...do your OWN homework & TRY to understand markets as to HOW they work.....
Learning about markets IS a lifelong objective..so keep @ it..then you will KNOW that what they do NOT talk about on CNBC is going UP the-most......
Sector rotation is going on in markets..but CNBC is still stuck with AAPL & GS as IF there is no other stocks to make money with ?????
Now.... you know WHY ....I do NOT have CNBC in my TV lineup...it offers NO value & it takes your FOCUS away from knowledge based investing/trading to GAMBLING...means "tip of the moment".....
I am sure.... you get my personal view about your OWN due diligence & NOT being "spoon fed by anyone"
Market TAPE is very strong & sector rotation is happening @ a furious pace.....but the question IS ......are you looking @ overall TAPE or just few of the beaten down ideas?????
Here is my $ allocation as of Friday's close :
TSL 30.92%..Solar fully integrated
AAPL 23.44% Tech/Smartphone/PC
EXPE 13.64% Travel wholesaler
SOLF 11.46% Solar fully integrated
MRVL 10.95% Tech/smartphone/PC chip supplier
POT 9.59% AG/Potash
Based on TAPE..I am overweight in Solar & Tech......but still diversified in many sectors !!!!
Good luck with your OWN homework & due diligence.
BLOG does NOT give buy or sell.
Saleem
Saturday, December 5, 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.
LDK,JASO,ASTI,ESLR,FCEL,CCJ,SWIR,PHI,RLH,
RTEC,IDTI,OMX,A,TMO,DFT,SYNT,KLIC,RVBD,
SANM,MOLX,RCRC,AOS,SAIA,PXLW,HOGS,RJET,
SIMO,VIMC,ZRAN,VMW,WYN,CNU,IDTI,SMSI,
STX,AA,ACH,BIG,LSI,RHT,SIHI.
Next post Sunday by 10 AM.
BLOG does NOT give buy or sell.
Saleem
LDK,JASO,ASTI,ESLR,FCEL,CCJ,SWIR,PHI,RLH,
RTEC,IDTI,OMX,A,TMO,DFT,SYNT,KLIC,RVBD,
SANM,MOLX,RCRC,AOS,SAIA,PXLW,HOGS,RJET,
SIMO,VIMC,ZRAN,VMW,WYN,CNU,IDTI,SMSI,
STX,AA,ACH,BIG,LSI,RHT,SIHI.
Next post Sunday by 10 AM.
BLOG does NOT give buy or sell.
Saleem
Friday, December 4, 2009
High volume buying gave Indices green close ....NICE !!!
Indices closed GREEN as heavy buying came in near close.
Markets have finally accepted the "turn in economy" even the much dreaded Jobs picture IS looking a touch brighter.....
Internals of markets were much stronger than "computer driven selling" which took place ...here is the stat for today's "real" market :
UP volume led by 2.78 to 1 in NYSE & 3.4 to 1 in Nasdaq
Advancing stocks led by 2.5 to 1 on NYSE & 2.45 to 1 in Nasdaq
Gold got trashed
Oil Weakened
By 10 AM Saturday ..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Markets have finally accepted the "turn in economy" even the much dreaded Jobs picture IS looking a touch brighter.....
Internals of markets were much stronger than "computer driven selling" which took place ...here is the stat for today's "real" market :
UP volume led by 2.78 to 1 in NYSE & 3.4 to 1 in Nasdaq
Advancing stocks led by 2.5 to 1 on NYSE & 2.45 to 1 in Nasdaq
Gold got trashed
Oil Weakened
By 10 AM Saturday ..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
US$ strength caused loss of Gains in market....
Markets went to new 09 HIGHS in all Indices BUT gave it all back & then some on US$ strength???
I do NOT agree with the RATIONALE of US$ being bad for the market????
In the PAST US$ has been very strong and markets made all time HIGHS in every INDICES which we have YET to take out......????
PANIC selling IS never a good reason to CHANGE trading/investment thesis......
US$ strength is BAD for GOLD/SILVER which became QUASI currency to offset US$ major slump......
You can tell Gold was ready to SLUMP as I had NO Gold or Silver exposure PLUS Dennis Gartman is the BIGGEST CONTRARY indicator for any trading ????
Gold Down $47.90
Oil Down 90 cents
Canadian $ UP 25 tick..YES you read it RIGHT it is UP against mighty US$ as Job GROWTH in Canada was 5 times BETTER than consensus
US Job Loss was only 11,000 vs 100K+++ consensus
Today IS another buy on the panic opportunity......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.....
Following stocks are green :
MRVL,SOLF,LDK,GS,MSFT,RIMM,PALM,GE,IBN,
ISRG,FXI,MA,NVDA,PMCS,RCI,LULU,WYNN,VLO,
FSLR,SNE....
BLOG does NOT give buy or sell.
Saleem
I do NOT agree with the RATIONALE of US$ being bad for the market????
In the PAST US$ has been very strong and markets made all time HIGHS in every INDICES which we have YET to take out......????
PANIC selling IS never a good reason to CHANGE trading/investment thesis......
US$ strength is BAD for GOLD/SILVER which became QUASI currency to offset US$ major slump......
You can tell Gold was ready to SLUMP as I had NO Gold or Silver exposure PLUS Dennis Gartman is the BIGGEST CONTRARY indicator for any trading ????
Gold Down $47.90
Oil Down 90 cents
Canadian $ UP 25 tick..YES you read it RIGHT it is UP against mighty US$ as Job GROWTH in Canada was 5 times BETTER than consensus
US Job Loss was only 11,000 vs 100K+++ consensus
Today IS another buy on the panic opportunity......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.....
Following stocks are green :
MRVL,SOLF,LDK,GS,MSFT,RIMM,PALM,GE,IBN,
ISRG,FXI,MA,NVDA,PMCS,RCI,LULU,WYNN,VLO,
FSLR,SNE....
BLOG does NOT give buy or sell.
Saleem
Thursday, December 3, 2009
Job jitters pulled markets to low of the day @ close...
Markets are almost predictable in this bull run...pullbacks CAN occur when you feel confident that market are going UP.....Today was such a day...everything looked great before open.After Open S&P 500 zoomed to new highs.....traders were all smile then afternoon started lethargic & then near close sell,sell & sell.....
BUT....again markets go UP & every trader is happy for next day.......
Moral of this bull market is..... that you buy on any pullbacks.....has worked since March.....
Bears cannot be too excited on a small drop today.... OR maybe they are.... as they only get .54% to .84% decline
On Fast Money Dennis Gartman the commodity King was a guest host.....He was apologizing for turning into a Gold BULL NOW in British Pound...whatever that means..he could not explain himself @ all????
AH MRVL beat on Sales & EPS ...they are guiding Sales & EPS way HIGHER than consensus...MRVL got rewarded with an AH jump of 5.87% on AH volume of 1.21 million shares...expecting many analysts upgrades & price target increase...obviously estimates of EPS & Sales will go UP....
VIX jumped to 22.46 +6.34%
AH Futures are Down
AH Gold Down
AH Silver Down
AH Oil Down
AH Nikkei UP
AH Hang Seng Down
BLOG does NOT give buy or sell.
Saleem
BUT....again markets go UP & every trader is happy for next day.......
Moral of this bull market is..... that you buy on any pullbacks.....has worked since March.....
Bears cannot be too excited on a small drop today.... OR maybe they are.... as they only get .54% to .84% decline
On Fast Money Dennis Gartman the commodity King was a guest host.....He was apologizing for turning into a Gold BULL NOW in British Pound...whatever that means..he could not explain himself @ all????
AH MRVL beat on Sales & EPS ...they are guiding Sales & EPS way HIGHER than consensus...MRVL got rewarded with an AH jump of 5.87% on AH volume of 1.21 million shares...expecting many analysts upgrades & price target increase...obviously estimates of EPS & Sales will go UP....
VIX jumped to 22.46 +6.34%
AH Futures are Down
AH Gold Down
AH Silver Down
AH Oil Down
AH Nikkei UP
AH Hang Seng Down
BLOG does NOT give buy or sell.
Saleem
MRVL beats on Sales & EPS...NICE !!!!
MRVL Sales expectations were$770 million actual $803 million.... beat by $33 million
EPS expectations were 27 cents actual 31 cents .... beat by 4 cents
MRVL Bid $17.35 Ask $17.39
Guidance to be given @ CC @ 430PM EST
Looks very impressive after they pre-announced much higher than consensus !!!!
BLOG does NOT give buy or sell.
Saleem
EPS expectations were 27 cents actual 31 cents .... beat by 4 cents
MRVL Bid $17.35 Ask $17.39
Guidance to be given @ CC @ 430PM EST
Looks very impressive after they pre-announced much higher than consensus !!!!
BLOG does NOT give buy or sell.
Saleem
Michael..please read my reply to your question....
Michael,
There is an error in GOOG system today...it is NOT showing my reply as a count on front page.
Until this bug is fixed by GOOG..always click to see if I have replied or not....count shows 1 but including my reply it should show 2 ????
Saleem
There is an error in GOOG system today...it is NOT showing my reply as a count on front page.
Until this bug is fixed by GOOG..always click to see if I have replied or not....count shows 1 but including my reply it should show 2 ????
Saleem
S&P 500 went to new 09 High....NICE !!!
Markets opened green but is struggling with some economic number.....S&P 500 did go to new 09 highs before pulling back......
Dow & S&P 500 are barely RED while Nasdaq is staying GREEN.....
Gold Down $1.70
Oil Down 36 cents
Canadian $ Down 25 tick
Portfolio is AAPL,EXPE,MRVL(went to new 52 wk HIGH),POT,SOLF,TSL.....
MRVL reports AH....expecting better than consensus guidance...one trader IS making a bearish bet by buying 5,000 contract of $16 put ????
@ 12.15 following are green :
AAPL,EXPE,MRVL,SOL,CSIQ,STP,BAC,TKC,
WYNN,LVS,CMED,SPWRA,ISRG,FSLR,SNE,
AMZN,GOOG.
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 are barely RED while Nasdaq is staying GREEN.....
Gold Down $1.70
Oil Down 36 cents
Canadian $ Down 25 tick
Portfolio is AAPL,EXPE,MRVL(went to new 52 wk HIGH),POT,SOLF,TSL.....
MRVL reports AH....expecting better than consensus guidance...one trader IS making a bearish bet by buying 5,000 contract of $16 put ????
@ 12.15 following are green :
AAPL,EXPE,MRVL,SOL,CSIQ,STP,BAC,TKC,
WYNN,LVS,CMED,SPWRA,ISRG,FSLR,SNE,
AMZN,GOOG.
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 2, 2009
Another strong close ...NICE !!!!
Markets are going "northward only these days"
RSI in all indices are midrange.... NOT overbought
Dow & S&P 500 made new 09 intraday highs....
All Indices are ready to make another new 09 highs.....
Gold & Silver in record territory AGAIN.....
POT @ new 52 wk HIGH on high volume
TSL @ new 52 wk HIGH on high volume
MRVL 19 cents from making 52 wk HIGH...reports AH
Strong stocks included AMZN,AGU,IPI,ISRG,GG,ABX,LRCX,SNDK...
AH Futures are GREEN
AH Gold UP
AH Silver UP
AH Oil UP
AH Nikkei UP
AH Hang Seng UP
AH Singapore UP
VIX closed @ 21.12 Down 3.65%
BLOG does NOT give buy or sell.
Saleem
RSI in all indices are midrange.... NOT overbought
Dow & S&P 500 made new 09 intraday highs....
All Indices are ready to make another new 09 highs.....
Gold & Silver in record territory AGAIN.....
POT @ new 52 wk HIGH on high volume
TSL @ new 52 wk HIGH on high volume
MRVL 19 cents from making 52 wk HIGH...reports AH
Strong stocks included AMZN,AGU,IPI,ISRG,GG,ABX,LRCX,SNDK...
AH Futures are GREEN
AH Gold UP
AH Silver UP
AH Oil UP
AH Nikkei UP
AH Hang Seng UP
AH Singapore UP
VIX closed @ 21.12 Down 3.65%
BLOG does NOT give buy or sell.
Saleem
Nasdaq Green..New 09 HIGHS for DOW & S&P 500...NICE !!!
Profit taking & technical selling are affecting the direction of Dow & S&P 500...Nasdaq is green...
Gold is @ another all time HIGHS......UP $12.70
Oil Down $1.82
Canadian $ Down 11 tick to 95.45 cents US for 1 CAD
In my portfolio :
Added 40% more SOLF @ $6.86
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.....
MRVL reports AH tommorrow expecting to come in @ higher end of pre-announcement & guide UP...
@ 12.31 following are Green :
TSL,POT,AAPL,EXPE,MRVL,NTES,SLW,AUY,
AMZN,AGU,IPI,ISRG,RIMM,GG,IAG,PMCS,
NVDA,HL,CSIQ,FMCN,KGC,TKC,CCJ,ABX.
BLOG does NOT give buy or sell.
Saleem
Gold is @ another all time HIGHS......UP $12.70
Oil Down $1.82
Canadian $ Down 11 tick to 95.45 cents US for 1 CAD
In my portfolio :
Added 40% more SOLF @ $6.86
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.....
MRVL reports AH tommorrow expecting to come in @ higher end of pre-announcement & guide UP...
@ 12.31 following are Green :
TSL,POT,AAPL,EXPE,MRVL,NTES,SLW,AUY,
AMZN,AGU,IPI,ISRG,RIMM,GG,IAG,PMCS,
NVDA,HL,CSIQ,FMCN,KGC,TKC,CCJ,ABX.
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 1, 2009
Dow made a new 09 high...NICE !!!!
Markets were strong @ close...with Dow leading the cheer by closing @ new 09 High....S&P 500 is very close to taking out old 09 high.....
Nasdaq volume was very strong two days in a row.....
All the Bears like Robert Prechter,Doug Kass,Carter Worth,Guy Adami,David Rosenberg..must be extremely restless as we continue our march to new HIGHS in December also...they have been declared BEAR since July...long 6 months of PAIN ????
AAPL was subjected to last minute high volume selling..closed RED on a strong day????
Gold is making new all time HIGHS regularly...ABX was strong based on their NO hedge position as of today UP 7.92%...Dennis Gartman is CHEWING his words very carefully as he has tried to talk down Gold for months....His many shorts on Gold must be very painful..& he is known as commodity KING..who missed most of the GOLD & AG RUNUP????
AH GAME & SNDA ER was a beat Up from 1.32% to 2.20%.....CC will set the tone for Wed trading.....
Solar stocks were strong with TSL,SOLF,STP,CSIQ,CSUN,YGE all strong
AG stocks were flying POT,MOS,IPI,AGU were strong
Gold & Silver stocks were strong with major moves in HL,SLW,ABX,GG,AUY,KGC,IAG......
Techs gainers included MRVL,ALTR,AMZN.....
MA,V,SINA,NTES,PWRD,SNDA were strong also...
AH Futures are mixed
AH Nikkei is slightly Down
AH Hang Seng is UP
AH Gold is UP
AH Silver is Down
VIX was Down 10.57% @ 21.92.....
BLOG does NOT give buy or sell.
Saleem
Nasdaq volume was very strong two days in a row.....
All the Bears like Robert Prechter,Doug Kass,Carter Worth,Guy Adami,David Rosenberg..must be extremely restless as we continue our march to new HIGHS in December also...they have been declared BEAR since July...long 6 months of PAIN ????
AAPL was subjected to last minute high volume selling..closed RED on a strong day????
Gold is making new all time HIGHS regularly...ABX was strong based on their NO hedge position as of today UP 7.92%...Dennis Gartman is CHEWING his words very carefully as he has tried to talk down Gold for months....His many shorts on Gold must be very painful..& he is known as commodity KING..who missed most of the GOLD & AG RUNUP????
AH GAME & SNDA ER was a beat Up from 1.32% to 2.20%.....CC will set the tone for Wed trading.....
Solar stocks were strong with TSL,SOLF,STP,CSIQ,CSUN,YGE all strong
AG stocks were flying POT,MOS,IPI,AGU were strong
Gold & Silver stocks were strong with major moves in HL,SLW,ABX,GG,AUY,KGC,IAG......
Techs gainers included MRVL,ALTR,AMZN.....
MA,V,SINA,NTES,PWRD,SNDA were strong also...
AH Futures are mixed
AH Nikkei is slightly Down
AH Hang Seng is UP
AH Gold is UP
AH Silver is Down
VIX was Down 10.57% @ 21.92.....
BLOG does NOT give buy or sell.
Saleem
Markets racing towards new 09 HIGHS...NICE !!!!
Indices are UP 1.29% to 1.56% based on Chinese economic news...
Housing data in US continues to exceed expectations....
Indices are getting close to making new 09 HIGHS....
All so-called experts were predicting negative reaction in markets due to Dubai debt payment delay...calling it a major negative going forward..using coackroach theory???
I wonder if shorts are sleeping well these days???
Gold UP $17.70
Oil UP $1.38
Canadian $ UP 1.16 cent to 95.91 cent US for 1 CAD....
In my portfolio :
Added 55% more EXPE @ $25.69
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL....
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
Housing data in US continues to exceed expectations....
Indices are getting close to making new 09 HIGHS....
All so-called experts were predicting negative reaction in markets due to Dubai debt payment delay...calling it a major negative going forward..using coackroach theory???
I wonder if shorts are sleeping well these days???
Gold UP $17.70
Oil UP $1.38
Canadian $ UP 1.16 cent to 95.91 cent US for 1 CAD....
In my portfolio :
Added 55% more EXPE @ $25.69
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL....
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
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