S&P 500 RSI was sitting around 69.00 after wk 1 of Jan 2010.....Now on Friday's close we are @ 33.36...a stunning crash in 14 day RSI of 51.65%....this is way more steep than March low in terms of speed & % drop????
Are we looking @ financial meltdown which nobody is aware of or even worse based on RSI indicator????
Most of the reasons given for this meltdown has NOT come to pass YET......
Stocks are becoming a SIX letter word and majority are heading for exit?????
This sudden change in market psychology does NOT make sense.......
STIMULUS are coming out...because economy CAN stand on its OWN two feet.......IS that such a bad thing????
China is increasing reserves for banks because they are trying to control RUNAWAY GDP growth & INFLATION......is that such a bad thing????
Obama is ready to cooperate with Republicans for JOB creations & passage of Healthcare bill....is that such a bad thing????
IF economy is IMPROVING based on FACTS of 5.7% GDP GROWTH in ailing US & 10.7% in supercharged China...then WHY stocks are such a bad place to be?????
Nasdaq is Down <7.99%>........which IS STEEPER than <7.59%> in October selling.....Nasdaq is back to Sep 8th level..a retrace of 5 months back?????
All of the above reflects EXTREME pessimism which is NOT backed by economic picture worldwide........
Leading Economic Indicator in US has been UP 9 months in a row......
Job is expected to show GROWTH of 50,000 on Friday.......
Based on the above TWO facts...this selling is NOTHING but short attack by big hedge funds & institutions to make money on the downside by scaring RETAIL to sell in PANIC......
RSI,SENTIMENTS & FACTS are telling me that "turnaround will be SHARP & SUDDEN"
We should RUNUP to 1120 area in S&P 500...then another bout of short attack.......
Markets are being FORCED to stay within a RANGE NOW..1070 to 1120......
Here is my $ allocation as of Friday's close :
APWR 17.09%
IAG... 15.33%
SLW.. 13.09%
TSL... 13.04%
PALM. 12.75%
SOLF.. 11.42%
AUY.... 9.58%
TC .....7.70%
As you can see...I am heavily weighted in Solar & Metals...Please stay diversified in this "bear attack"...
BLOG does NOT give buy or sell.
Saleem
Sunday, January 31, 2010
Saturday, January 30, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
CLS,NDN,DLTR,RCI,TLAB,DENN,RCII,TG,TLB,
ARBA,INFA,ISSI,LCRD,PMCS,PXLW....
NEXT post by noon on Sunday.
Saleem
CLS,NDN,DLTR,RCI,TLAB,DENN,RCII,TG,TLB,
ARBA,INFA,ISSI,LCRD,PMCS,PXLW....
NEXT post by noon on Sunday.
Saleem
Friday, January 29, 2010
Another lower lows of 2010 in Indices.....
Volume picked up in all indices & they closed near lows of the day & lowest close of the year.
Sentiments are becoming overly negative for the markets......
VIX UP 3.75% closing @ 24.62...quite mild jump considering all the negativity....
Some solar fared very well which included STP,SOLF & TSL......
By noon on Saturday..I will list "buy rated stocks"
BLOG does NOT give buy or sell.
Saleem
Sentiments are becoming overly negative for the markets......
VIX UP 3.75% closing @ 24.62...quite mild jump considering all the negativity....
Some solar fared very well which included STP,SOLF & TSL......
By noon on Saturday..I will list "buy rated stocks"
BLOG does NOT give buy or sell.
Saleem
S&P 500 HIGHER low today so far.....NICE !!!!
Indices are mixed with Dow & S&P 500 in Green & Nasdaq Down.....
1081.40 is the low in S&P 500 which means HIGHER low...a good technical indicator so far....
We had great GDP.....we had very good ER so far,BB is confirmed as Fed Chief,Obama wants to create Jobs.....but manipulators are "gaming this market to squeeze blood".....expecting a strong close today......
Gold Down $6.40
Oil Down 38 cents
Canadian $ Down 12 tick @ 93.75 US for 1 CAD
In my portfolio :
Sold POT
Bought 125% more SOLF @ $7.39
Bought TSL @ $22.19
Portfolio is APWR,AUY,IAG,PALM,SLW,SOLF,TC,TSL....
@ 12.38 following are green :
SOLF,TC,TSL,IAG,CAAS,FUQI,STP,PWRD,NTES,
GOOG,BIDU,MA,V,NDN,PMCS,RVBD,M,ASIA,
AMZN,SNDA,ICE,LULU,WYNN,CMED,VLO,SPWRA,
FSLR,IBN,VAR.
BLOG does NOT give buy or sell.
Saleem
1081.40 is the low in S&P 500 which means HIGHER low...a good technical indicator so far....
We had great GDP.....we had very good ER so far,BB is confirmed as Fed Chief,Obama wants to create Jobs.....but manipulators are "gaming this market to squeeze blood".....expecting a strong close today......
Gold Down $6.40
Oil Down 38 cents
Canadian $ Down 12 tick @ 93.75 US for 1 CAD
In my portfolio :
Sold POT
Bought 125% more SOLF @ $7.39
Bought TSL @ $22.19
Portfolio is APWR,AUY,IAG,PALM,SLW,SOLF,TC,TSL....
@ 12.38 following are green :
SOLF,TC,TSL,IAG,CAAS,FUQI,STP,PWRD,NTES,
GOOG,BIDU,MA,V,NDN,PMCS,RVBD,M,ASIA,
AMZN,SNDA,ICE,LULU,WYNN,CMED,VLO,SPWRA,
FSLR,IBN,VAR.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 28, 2010
Another negative close in Indices....
Indices were negative @ close today again......
Only saving grace today was....that we closed above lows of the day.....
Volume was lower in Dow & S&P 500 but was higher in Nasdaq......
We need to stay HIGHER than 1078.46 in S&P 500 to make higher low..so a support can be formed.....
RSI in S&P 500 is @ 36.39.... again an area where rallies have come from nowhere......
Extreme PESSIMISM is another CONTRARY indicator...which should bring stability....
AH AMZN ER was a beat & guide UP..... UP $3.17 AH plus was UP $3.28 in reg hr.....
PMCS was a beat also UP 6.70%
ASIA was a beat BUT guidance was lower than consensus Down AH 7.42% plus was down 3.50% in reg hr.....
AH Futures are RED
AH Nikkei & Hang Seng Down
AH Shanghai is UP
AH Gold & Oil UP
BLOG does NOT give buy or sell.
Saleem
Only saving grace today was....that we closed above lows of the day.....
Volume was lower in Dow & S&P 500 but was higher in Nasdaq......
We need to stay HIGHER than 1078.46 in S&P 500 to make higher low..so a support can be formed.....
RSI in S&P 500 is @ 36.39.... again an area where rallies have come from nowhere......
Extreme PESSIMISM is another CONTRARY indicator...which should bring stability....
AH AMZN ER was a beat & guide UP..... UP $3.17 AH plus was UP $3.28 in reg hr.....
PMCS was a beat also UP 6.70%
ASIA was a beat BUT guidance was lower than consensus Down AH 7.42% plus was down 3.50% in reg hr.....
AH Futures are RED
AH Nikkei & Hang Seng Down
AH Shanghai is UP
AH Gold & Oil UP
BLOG does NOT give buy or sell.
Saleem
ASIA beats in Q4..guides LOWER in Sales & EPS
ASIA beats by 7 cents.....38 cents vs 31 cents consensus...
Beat on Revenue also...$72.3 million vs consensus of $71.6 million
BUT guiding Sales & EPS both lower than consensus.....EPS guiding 19 cents to 20 cents vs 22 cents consensus..Revenue guiding $61 to $63 million vs consensus of $63.79 million.....
Sold ASIA in AH.....
BLOG does NOT give buy or sell.
Saleem
Beat on Revenue also...$72.3 million vs consensus of $71.6 million
BUT guiding Sales & EPS both lower than consensus.....EPS guiding 19 cents to 20 cents vs 22 cents consensus..Revenue guiding $61 to $63 million vs consensus of $63.79 million.....
Sold ASIA in AH.....
BLOG does NOT give buy or sell.
Saleem
1.49% to 2.39% slide in Indices.....
Jobless claims & weak durable goods report provided another reason to sell equities....
S&P 500 low so far is 1078.46 Down 71.99 points from its absolute high of 1150.45.... based on the highest point & low so far..we are down 6.26%......
Gold Down $7.40 cents
Oil Down 31 cents
Canadian $ UP 5 tick
In my portfolio :
Bought SOLF @ $7.43
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TC,FUQI call worthless....
POT ER was better than consensus BUT its guidance was WAY LOWER than consensus..down 6.12%...looks like bottom is IN @ $101.00..had reduced my exposure by 53% 2 days earlier.....
ASIA ER on Friday.....
Most stocks are down......
BLOG does NOT give buy or sell.
Saleem
S&P 500 low so far is 1078.46 Down 71.99 points from its absolute high of 1150.45.... based on the highest point & low so far..we are down 6.26%......
Gold Down $7.40 cents
Oil Down 31 cents
Canadian $ UP 5 tick
In my portfolio :
Bought SOLF @ $7.43
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TC,FUQI call worthless....
POT ER was better than consensus BUT its guidance was WAY LOWER than consensus..down 6.12%...looks like bottom is IN @ $101.00..had reduced my exposure by 53% 2 days earlier.....
ASIA ER on Friday.....
Most stocks are down......
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 27, 2010
Nice to see positive close on Fed action !!!!
Fed statement was much more "optimistic" about US economy than expected...this gave a shot of confidence to battered investors/traders......
Volume was much heavier in all indices well above average..a very positive sign.....volume is KEY to any TURNAROUND......
Our much beloved bears were out in full force since yesterday....Adami was full of confidence that we go down to "hell zone " in a hurry,Jimmy the Cramer told everyone NOT to buy a single stock until he gives clearance????...Today Robert Prechter again chewing his words and NOT giving any downside target to his famous bearish call since July...he is implying a two year bear market.....
When Bears are confident..then you KNOW that TURN is around the corner......for the record we were down only 67.34 points from record high close in S&P 500 to low of the day today which is down 5.85%...which does NOT even qualify for correction which requires 10% down move...I think enough said on behalf of Wall Street "book pushers"......
AH QCOM ER was a bust Down 10.17% on AH volume of 5.99 million shares
AH CTRX guidance was in-line ...stock down 4.19%..AH volume 318K
AMZN,MSFT reports AH Thursday......
AH futures are mixed
AH Nikkei is UP 1.49%
AH Oil UP
Posting a touch early to listen to "State of Union" speech...
PS...my color fonts were messed up by Google system...got those corrected...
BLOG does NOT give buy or sell.
Saleem
Volume was much heavier in all indices well above average..a very positive sign.....volume is KEY to any TURNAROUND......
Our much beloved bears were out in full force since yesterday....Adami was full of confidence that we go down to "hell zone " in a hurry,Jimmy the Cramer told everyone NOT to buy a single stock until he gives clearance????...Today Robert Prechter again chewing his words and NOT giving any downside target to his famous bearish call since July...he is implying a two year bear market.....
When Bears are confident..then you KNOW that TURN is around the corner......for the record we were down only 67.34 points from record high close in S&P 500 to low of the day today which is down 5.85%...which does NOT even qualify for correction which requires 10% down move...I think enough said on behalf of Wall Street "book pushers"......
AH QCOM ER was a bust Down 10.17% on AH volume of 5.99 million shares
AH CTRX guidance was in-line ...stock down 4.19%..AH volume 318K
AMZN,MSFT reports AH Thursday......
AH futures are mixed
AH Nikkei is UP 1.49%
AH Oil UP
Posting a touch early to listen to "State of Union" speech...
PS...my color fonts were messed up by Google system...got those corrected...
BLOG does NOT give buy or sell.
Saleem
Selling almost exhausted ....
It has been one week of relentless selling which brought all kind of sellers to lock gains or limit loss.....
Selling is looking exhausted......
Many uncertainties will be gone by tonight.....first Fed statement @ 2.15 PM will clear up their thinking & Obama will clear up white house focus..BOTH should be POSITIVE for this "weak TAPE"
S&P 500 low today so far is 1085....which is almost the same level as week of Sep 14th 2009 when it was @ 1080.15...so we have CORRECTED all the way back to Sep.....pullback to levels of 4.5 months back.......
RSI in S&P 500 is @ 37.34...quite compelling....
When it is DARKEST .....then the TAPE turns around......
BUT...there is lesson to be learned with this severe correction...always lock your GAINS & KNOW your stocks well in terms of being able to make MONEY NOT being mesmerized by headlines.....headlines generally IMPLIES all the gains are priced IN.....
Gold Down $6.90
Oil UP 3 cents
Canadian $ Down 34 tick to 93.84 US for 1 CAD.....low end of range
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call worthless
@ 12.19 following are green :
APWR,MRVL,RIMM,NTES,RCI,ISRG,BIDU,MA,V,NVDA,AMZN....
BLOG does NOT give buy or sell.
Saleem
Selling is looking exhausted......
Many uncertainties will be gone by tonight.....first Fed statement @ 2.15 PM will clear up their thinking & Obama will clear up white house focus..BOTH should be POSITIVE for this "weak TAPE"
S&P 500 low today so far is 1085....which is almost the same level as week of Sep 14th 2009 when it was @ 1080.15...so we have CORRECTED all the way back to Sep.....pullback to levels of 4.5 months back.......
RSI in S&P 500 is @ 37.34...quite compelling....
When it is DARKEST .....then the TAPE turns around......
BUT...there is lesson to be learned with this severe correction...always lock your GAINS & KNOW your stocks well in terms of being able to make MONEY NOT being mesmerized by headlines.....headlines generally IMPLIES all the gains are priced IN.....
Gold Down $6.90
Oil UP 3 cents
Canadian $ Down 34 tick to 93.84 US for 1 CAD.....low end of range
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call worthless
@ 12.19 following are green :
APWR,MRVL,RIMM,NTES,RCI,ISRG,BIDU,MA,V,NVDA,AMZN....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 26, 2010
Indices closed RED......
Indices gave up all their gains & closed slightly RED......
Nasdaq volume was heavier than average....volume was slightly ahead on the other indices....
Internals were extremely weak as listed below :
Declining stocks led by 19 to 10 in NYSE & 17 to 8 in Nasdaq ..almost 2 to 1 lead by declining stocks ..NOT a good sign for technical health of the market.....
RSI in S&P 500 is 37.84 which gives me hope for a turnaround......
2.15 Fed statement is released which MAY give reason for positive TAPE....
Obama speaks AH with his "state of the Union".....Market MAY react on Thursday....
Solar stocks staged a rebound as analysts and news flow is becoming positive.....many upgrades on a daily basis..SOLF seems to be in every analyst upgrade......
AH Futures are mixed
AH Nikkei UP
AH Hang Seng UP
AH Shanghai Down
BLOG does NOT give buy or sell.
Saleem
Nasdaq volume was heavier than average....volume was slightly ahead on the other indices....
Internals were extremely weak as listed below :
Declining stocks led by 19 to 10 in NYSE & 17 to 8 in Nasdaq ..almost 2 to 1 lead by declining stocks ..NOT a good sign for technical health of the market.....
RSI in S&P 500 is 37.84 which gives me hope for a turnaround......
2.15 Fed statement is released which MAY give reason for positive TAPE....
Obama speaks AH with his "state of the Union".....Market MAY react on Thursday....
Solar stocks staged a rebound as analysts and news flow is becoming positive.....many upgrades on a daily basis..SOLF seems to be in every analyst upgrade......
AH Futures are mixed
AH Nikkei UP
AH Hang Seng UP
AH Shanghai Down
BLOG does NOT give buy or sell.
Saleem
Indices continues its rebound for 2nd day...NICE !!!!
All major indices are green 2nd day in a row.....
Asian markets tumbled 2.5% overnight....
VIX has lost 15% in 1.5 days of trading last trade 23.25.....51% more to go???
Gold Down $2.20 to $1093
Oil Down 32 cents to $74.94
Canadian $ Down 28 tick to 94.23
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call....
@ 12.34 following are green :
ASIA,POT,AUY,IAG,TSL,SOLF,CSIQ,SOL,AAPL,
RIMM,STP,AA,IPI,AGU,BIDU,EXPE,RVBD,EGO,
ABX,GG,FSLR,SPWRA,VAR,FWLT.
BLOG does NOT give buy or sell.
Saleem
Asian markets tumbled 2.5% overnight....
VIX has lost 15% in 1.5 days of trading last trade 23.25.....51% more to go???
Gold Down $2.20 to $1093
Oil Down 32 cents to $74.94
Canadian $ Down 28 tick to 94.23
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call....
@ 12.34 following are green :
ASIA,POT,AUY,IAG,TSL,SOLF,CSIQ,SOL,AAPL,
RIMM,STP,AA,IPI,AGU,BIDU,EXPE,RVBD,EGO,
ABX,GG,FSLR,SPWRA,VAR,FWLT.
BLOG does NOT give buy or sell.
Saleem
Monday, January 25, 2010
Indices closed GREEN....NICE !!!!
Indices crawled its way to a respectable green close.......
Lot of traders /investors are still not keen on buying yet.....
Volume was below average in all indices...
Internals were slightly positive.....
Federal reserve meeting starts tomorrow with decision announced on Wed 2.15 PM.....expect no change AGAIN...
Obama delivers "State of Union message in joint session Wed night"..it is all about Jobs......
AH AAPL delivered its much expected BEAT on sales & EPS...BUT there was comparative issue as they changed their accounting of iPhone Sales .....Also iPhone sales were 300K less than estimate.....UP $1.82 on AH volume of 1.88 million shares...
AH VMW had a huge beat & guide UP..Stock UP AH $7.74 also on 1.88 million AH volume...
AH Futures are UP
AH Nikkei UP
AH Shanghai UP.
BLOG does NOT give buy or sell.
Saleem
Lot of traders /investors are still not keen on buying yet.....
Volume was below average in all indices...
Internals were slightly positive.....
Federal reserve meeting starts tomorrow with decision announced on Wed 2.15 PM.....expect no change AGAIN...
Obama delivers "State of Union message in joint session Wed night"..it is all about Jobs......
AH AAPL delivered its much expected BEAT on sales & EPS...BUT there was comparative issue as they changed their accounting of iPhone Sales .....Also iPhone sales were 300K less than estimate.....UP $1.82 on AH volume of 1.88 million shares...
AH VMW had a huge beat & guide UP..Stock UP AH $7.74 also on 1.88 million AH volume...
AH Futures are UP
AH Nikkei UP
AH Shanghai UP.
BLOG does NOT give buy or sell.
Saleem
All Indices GREEN.....NICE !!!!
Despite margin call selling pressure...Indices have managed to stay green so far....
Markets are trying to find its footing & so far it is succeeding......
Gold UP $11.20
Oil UP 14 cents
Canadian $ near unchanged level as Job growth data in Canada was slightly below consensus today.
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call worthless...
@ 12.17 following are green:
APWR,POT,MRVL,TSL,SOLF,AAPL,SOHU,LDK,CAAS,
GS,RVBD,X,SINA,FMCN,ECA,CTRN,ICE,CCJ,FWLT.
BLOG does NOT give buy or sell.
Saleem
Markets are trying to find its footing & so far it is succeeding......
Gold UP $11.20
Oil UP 14 cents
Canadian $ near unchanged level as Job growth data in Canada was slightly below consensus today.
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call worthless...
@ 12.17 following are green:
APWR,POT,MRVL,TSL,SOLF,AAPL,SOHU,LDK,CAAS,
GS,RVBD,X,SINA,FMCN,ECA,CTRN,ICE,CCJ,FWLT.
BLOG does NOT give buy or sell.
Saleem
Sunday, January 24, 2010
Where are we heading in this market ?????
All Indices were in retreat from their HIGHS....here is the damage in major indices taking from highs to lows of the day on Friday :
S&P 500 <5.24%>
DOW <5.33%>
Nasdaq <5.4%>
SO...why this SHARP "U" turn...biggest 3 day drop since Feb 09 ?
First ...we were due for an ORDERLY pullback as we were making new highs almost on a daily basis.....there was no real pullback since Oct 19th which took S&P 500 from 1101.36 to 1029.38 a drop of 71.98 points or <6.5%>...but this correction happened over 2 full week...while our current pullback happened in a "flash" in 72 hours...severe & sharp......
Second..... China pulled a "major surprise" by curbing lending by telling banks NOT to give loans for this month.....this was being done to curb runaway growth in GDP & inflation......
Third.....Obama also decided that he will launch a major overhaul of banking system practices where they cannot indulge in "too risky" bets.......
Fourth...Rumour circulated that Ben Bernanke will NOT be approved for 2nd term based on key democrats bad mouthing Ben & saying ..they will NOT vote for him.......
Although markets were NOT in extreme overbought situation @ all...BUT all of the ABOVE took a toll in traders sentiments...traders/hedge funds/institutions had HUGE gains in many stocks so they all ran for exit @ the same time...creating the biggest TUMBLE in almost a year.......the velocity of this correction was EXTREME........
VIX JUMPED 66.13%...a sure sign of extreme PANIC in one week......
So ...lets analyze each one of the above FOUR factors as to its trading bankability :
First .....Indices are deeply oversold as reflected in these closing RSI numbers :
DOW 34.41
S&P 500 36.85
Nasdaq 39.38
These numbers points to a MAJOR rally to start.....
Second.....China is curbing spending to control RUNAWAY growth in GDP of 10.7%....nice problem to have.....so a steady 9% GDP in China is good for world economy...another PLUS for stocks.....
Third.....Obama trying to control banks leverage issues.....in the long run it will help a steady/sane approach in speculation.."too much GREED is NOT good"..another PLUS for stock market....
Fourth...Ben Bernanke will be confirmed based on latest tally & change of heart from politicians ...as they always REACT to the message of the market......MAJOR PLUS for stocks....
Now that all of the above FOUR bad news has been DISCOUNTED...markets CAN go about repairing technical damage which has occurred in all three indices which I monitor closely.....
I expect markets to go back UP to 1130 area then another review of RSI is in order......
Earnings from AAPL will be very good and will give a "major lift" to the market......AAPL reports AH Monday......
Most stocks are "deeply oversold"...so a technical bounce is easily predictable...when majority of stocks slice 50DMA & are close to 200 DMA...it IS time to get aggressive in buying.....it is beginning of November all over AGAIN.......
Here is my $/sector allocation/RSI for my portfolio :
POT 23.04% AG/Potash producer 40.03
ASIA 17.22% Tech/Software 33.44
APWR 12.79%AE/Wind Turbine 27.54
IAG 12.32% Gold Mining 37.42
PALM 10.66% Tech/Smartphone 50.30
SLW 10.25%Silver Reseller 38.42
AUY 7.46% Gold Mining 34.74
TC 6.26% Molybdenum Mining 48.92
As you can see ..I have maintained my entire diversified portfolio since selling Solar........By the way Solar are OVERSOLD big time TSL & SOLF looking very attractive based on German impact......
Entire market is a "screaming BUY".......nobody got poor by buying LOW........
Good luck in your decision to position in this oversold market........
BLOG does NOT give buy or sell.
Saleem
S&P 500 <5.24%>
DOW <5.33%>
Nasdaq <5.4%>
SO...why this SHARP "U" turn...biggest 3 day drop since Feb 09 ?
First ...we were due for an ORDERLY pullback as we were making new highs almost on a daily basis.....there was no real pullback since Oct 19th which took S&P 500 from 1101.36 to 1029.38 a drop of 71.98 points or <6.5%>...but this correction happened over 2 full week...while our current pullback happened in a "flash" in 72 hours...severe & sharp......
Second..... China pulled a "major surprise" by curbing lending by telling banks NOT to give loans for this month.....this was being done to curb runaway growth in GDP & inflation......
Third.....Obama also decided that he will launch a major overhaul of banking system practices where they cannot indulge in "too risky" bets.......
Fourth...Rumour circulated that Ben Bernanke will NOT be approved for 2nd term based on key democrats bad mouthing Ben & saying ..they will NOT vote for him.......
Although markets were NOT in extreme overbought situation @ all...BUT all of the ABOVE took a toll in traders sentiments...traders/hedge funds/institutions had HUGE gains in many stocks so they all ran for exit @ the same time...creating the biggest TUMBLE in almost a year.......the velocity of this correction was EXTREME........
VIX JUMPED 66.13%...a sure sign of extreme PANIC in one week......
So ...lets analyze each one of the above FOUR factors as to its trading bankability :
First .....Indices are deeply oversold as reflected in these closing RSI numbers :
DOW 34.41
S&P 500 36.85
Nasdaq 39.38
These numbers points to a MAJOR rally to start.....
Second.....China is curbing spending to control RUNAWAY growth in GDP of 10.7%....nice problem to have.....so a steady 9% GDP in China is good for world economy...another PLUS for stocks.....
Third.....Obama trying to control banks leverage issues.....in the long run it will help a steady/sane approach in speculation.."too much GREED is NOT good"..another PLUS for stock market....
Fourth...Ben Bernanke will be confirmed based on latest tally & change of heart from politicians ...as they always REACT to the message of the market......MAJOR PLUS for stocks....
Now that all of the above FOUR bad news has been DISCOUNTED...markets CAN go about repairing technical damage which has occurred in all three indices which I monitor closely.....
I expect markets to go back UP to 1130 area then another review of RSI is in order......
Earnings from AAPL will be very good and will give a "major lift" to the market......AAPL reports AH Monday......
Most stocks are "deeply oversold"...so a technical bounce is easily predictable...when majority of stocks slice 50DMA & are close to 200 DMA...it IS time to get aggressive in buying.....it is beginning of November all over AGAIN.......
Here is my $/sector allocation/RSI for my portfolio :
POT 23.04% AG/Potash producer 40.03
ASIA 17.22% Tech/Software 33.44
APWR 12.79%AE/Wind Turbine 27.54
IAG 12.32% Gold Mining 37.42
PALM 10.66% Tech/Smartphone 50.30
SLW 10.25%Silver Reseller 38.42
AUY 7.46% Gold Mining 34.74
TC 6.26% Molybdenum Mining 48.92
As you can see ..I have maintained my entire diversified portfolio since selling Solar........By the way Solar are OVERSOLD big time TSL & SOLF looking very attractive based on German impact......
Entire market is a "screaming BUY".......nobody got poor by buying LOW........
Good luck in your decision to position in this oversold market........
BLOG does NOT give buy or sell.
Saleem
Saturday, January 23, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
COT,RCI,EBAY,WZEN,HOTT,ISRG,VNUS,MITI,
ETH,LUV,SR,IMN,MCD,ONB,PCTI,CTRN,JCOM,
SGEN,TSCM,SUPR,BLC.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
COT,RCI,EBAY,WZEN,HOTT,ISRG,VNUS,MITI,
ETH,LUV,SR,IMN,MCD,ONB,PCTI,CTRN,JCOM,
SGEN,TSCM,SUPR,BLC.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, January 22, 2010
All Indices closed well below 50 DMA.....
This 3 day correction is the sharpest since Feb of 09.....major hit in all indices....
Internals were weak BUT still not extreme..4.54 to 1 lead by declining stocks in NYSE & 2.70 to 1 in Nasdaq....
Volume was less today than Thursday...a hopeful sign...
VIX jumped 22.63% today closing @ 27.31...a major sign of PANIC back to back two days in a row.....
As a sector only Gold stocks were showing some pulse......
By noon on Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Internals were weak BUT still not extreme..4.54 to 1 lead by declining stocks in NYSE & 2.70 to 1 in Nasdaq....
Volume was less today than Thursday...a hopeful sign...
VIX jumped 22.63% today closing @ 27.31...a major sign of PANIC back to back two days in a row.....
As a sector only Gold stocks were showing some pulse......
By noon on Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 below 50DMA......
Indices are still under mild selling pressure down another .35% to .61%.....S&P 500 is slightly lower than 50 DMA..we have a very good chance of closing above 50 DMA......Nasdaq is firmly above its 50 DMA of 2227.17..low so far was 2237.25......Nasdaq TAPE is saying that we MAY turn UP today......
Gold Down $14.50 to $1088.20..@ support area..Gold stocks are UP
Oil Down 95 cents to $75.13
Canadian $ Down 40 cents to 94.70 US for 1 CAD
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call....
@ 12.33 following are green :
ASIA,IAG,AUY,TC,SLW,FUQI,GE,IBN,ISRG,GG,
GNK,M,KGC,ECA,CTRN,IGT,JRCC,WYNN,AEM,
ABX,SNE,VAR.....
BLOG does NOT give buy or sell.
Saleem
Gold Down $14.50 to $1088.20..@ support area..Gold stocks are UP
Oil Down 95 cents to $75.13
Canadian $ Down 40 cents to 94.70 US for 1 CAD
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call....
@ 12.33 following are green :
ASIA,IAG,AUY,TC,SLW,FUQI,GE,IBN,ISRG,GG,
GNK,M,KGC,ECA,CTRN,IGT,JRCC,WYNN,AEM,
ABX,SNE,VAR.....
BLOG does NOT give buy or sell.
Saleem
Thursday, January 21, 2010
High volume panic selling hit all Indices......
Today had the feel of "capitulation" in markets....volume was HIGH in all indices......
VIX gave the biggest indication of fear & Capitulation by jumping 19.22% in one trading day..yes it does trades as VXX like a stock...last price $29.32 UP 5.43%...
Internals of markets were not that extreme as indicated by Dow's plunge...it was more like 3.5 to 1 on the downside led by declining stocks...so smart money was happy in keeping stocks in their portfolio..only CNBC fed crowd was doing panic selling.....
YES..Dow did pierce 50 DMA & S&P 500 is awfully close to breaching it.......the real question is ..was the 2 day plunge "steepest since July " was a desirable pullback or not...my answer is yes...now we can go back to repairing the technical damage in many stocks who have sliced 50DMA......
I do think that we are @ an attractive level in markets for long term strategy......
RSI are showing extremely oversold conditions :
Dow 42.45
S&P 500 45.09
Nasdaq 49.25
AH GOOG reported excellent Sales & EPS closed down only 40 cents after being UP $2.57 during regular trading.....
AH ISRG reported excellent Sales & EPS UP $23.21 cents
AH Futures are mixed
AH Nikkei, Shanghai & Hang Seng catching up to the wall street close by being Down from .83% to 2.72%...
BLOG does NOT give buy or sell.
Saleem
VIX gave the biggest indication of fear & Capitulation by jumping 19.22% in one trading day..yes it does trades as VXX like a stock...last price $29.32 UP 5.43%...
Internals of markets were not that extreme as indicated by Dow's plunge...it was more like 3.5 to 1 on the downside led by declining stocks...so smart money was happy in keeping stocks in their portfolio..only CNBC fed crowd was doing panic selling.....
YES..Dow did pierce 50 DMA & S&P 500 is awfully close to breaching it.......the real question is ..was the 2 day plunge "steepest since July " was a desirable pullback or not...my answer is yes...now we can go back to repairing the technical damage in many stocks who have sliced 50DMA......
I do think that we are @ an attractive level in markets for long term strategy......
RSI are showing extremely oversold conditions :
Dow 42.45
S&P 500 45.09
Nasdaq 49.25
AH GOOG reported excellent Sales & EPS closed down only 40 cents after being UP $2.57 during regular trading.....
AH ISRG reported excellent Sales & EPS UP $23.21 cents
AH Futures are mixed
AH Nikkei, Shanghai & Hang Seng catching up to the wall street close by being Down from .83% to 2.72%...
BLOG does NOT give buy or sell.
Saleem
Indices Down 1.22% to 1.97%.....
Dow is below 50DMA...S&P 500 barely above 50 DMA & Nasdaq is healthier of the three indices...
Markets are reacting to economic concerns worldwide.....jobless claims are @ highest level in many months & China clamping down on lending...NOT a recipe for positive day in markets.....
Gold Down $14.20 @ support of $1089.80
Oil Down 79 cents
Canadian $ Down 23 tick to 95.33 US for 1 CAD
Following are the 50 DMA for major indices :
Dow 10453.46..violated
S&P 500 1114.57
Nasdaq 2225.28
RSI are following as of few minutes ago :
Dow 43.22
S&P 500 46.23
Nasdaq 49.25
Based on the above RSI numbers most indices are very close to "turning UP"...we MAY have a snapback buying near close........
Portfolio is APWR ( completed private financing of $83 million @ $14.37 well below closing of Wed),ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call worthless.....
Most stocks are DOWN & @ near major SUPPORT.....Few green includes POT,RIMM,MRVL,
RCI,AMZN,PMCS....
BLOG does NOT give buy or sell.
Saleem
Markets are reacting to economic concerns worldwide.....jobless claims are @ highest level in many months & China clamping down on lending...NOT a recipe for positive day in markets.....
Gold Down $14.20 @ support of $1089.80
Oil Down 79 cents
Canadian $ Down 23 tick to 95.33 US for 1 CAD
Following are the 50 DMA for major indices :
Dow 10453.46..violated
S&P 500 1114.57
Nasdaq 2225.28
RSI are following as of few minutes ago :
Dow 43.22
S&P 500 46.23
Nasdaq 49.25
Based on the above RSI numbers most indices are very close to "turning UP"...we MAY have a snapback buying near close........
Portfolio is APWR ( completed private financing of $83 million @ $14.37 well below closing of Wed),ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call worthless.....
Most stocks are DOWN & @ near major SUPPORT.....Few green includes POT,RIMM,MRVL,
RCI,AMZN,PMCS....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 20, 2010
Indices closed well above lows on low volume ....
Indices pared half of its loss by close..
Volume was below average in Dow & S&P 500...Nasdaq volume was above average.....
Solar stocks continued its slump with an average loss of about 5%......more details & analysis will emerge from German proposal....
VIX close @ 18.68 UP 6.26%...pretty mild for sharp selling we had...
Strong stocks included CREE,GS......to name few that were strong @ close
AH SBUX & EBAY had strong ER UP sharply AH on high volume
Before open GS reports & AH ISRG & GOOG reports......
AH Futures are UP
AH Nikkei UP
AH Shanghai UP
Looks like market should be fine for Thursday......
BLOG does NOT give buy or sell.
Saleem
Volume was below average in Dow & S&P 500...Nasdaq volume was above average.....
Solar stocks continued its slump with an average loss of about 5%......more details & analysis will emerge from German proposal....
VIX close @ 18.68 UP 6.26%...pretty mild for sharp selling we had...
Strong stocks included CREE,GS......to name few that were strong @ close
AH SBUX & EBAY had strong ER UP sharply AH on high volume
Before open GS reports & AH ISRG & GOOG reports......
AH Futures are UP
AH Nikkei UP
AH Shanghai UP
Looks like market should be fine for Thursday......
BLOG does NOT give buy or sell.
Saleem
Indices in retreat Down 1.60% to 1.85%
Lackluster earnings & Chinese lending curbs are taking a hit in all indices & commodities.....
US$ sharply HIGHER......
Gold Down $28.80
Oil Down $1.61
Canadian $ taking a major hit Down 1.50 cent against US$ @ 95.45 US for 1 CAD.....
In my portfolio :
Doubled my position in ASIA @ $26.90
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call almost dead
@ 12.47 following are green :
CREE,SNDA,BAC,VLO.....
BLOG does NOT give buy or sell.
Saleem
US$ sharply HIGHER......
Gold Down $28.80
Oil Down $1.61
Canadian $ taking a major hit Down 1.50 cent against US$ @ 95.45 US for 1 CAD.....
In my portfolio :
Doubled my position in ASIA @ $26.90
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC,FUQI call almost dead
@ 12.47 following are green :
CREE,SNDA,BAC,VLO.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 19, 2010
Dow & S&P 500 @ record close...NICE !!!!
Dow & S&P 500 had another record close...
My condolence to genius of wall street like Doug Kass,David Rosenberg,Robert Prechter,Roubini,Carter Worth who "talk the- most & know the-least" about market TAPE & MOMENTUM...they all have scored "F" since July......
Gold was UP $9.60 to $1139.70
In my portfolio :
Sold TSL
Sold SOLF
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC & FUQI call which is dying
AH IBM ER was greeted with selling ..Down AH 1.85% on 1.81 Million AH volume
AH CREE ER was stellar UP AH 10.90% on 1.26 AH volume
Germany will introduce legislation for cutback in subsidies on Wednesday which MAY pressure Solar stocks....will stay out until there is more clarity in terms of Sales & EPS......
Strong stocks were APWR,SOHU,IBN,AGU,ISRG,GOOG,IPI,
GS,MA,V,AAPL,NVDA,CSIQ,X.....
AH Futures are UP
AH Nikkei UP
AH Hang Seng Down
AH Shanghai Down
AH Oil Down
VIX closed lower @ 17.58 Down 1.84%
BLOG does NOT give buy or sell.
Saleem
My condolence to genius of wall street like Doug Kass,David Rosenberg,Robert Prechter,Roubini,Carter Worth who "talk the- most & know the-least" about market TAPE & MOMENTUM...they all have scored "F" since July......
Gold was UP $9.60 to $1139.70
In my portfolio :
Sold TSL
Sold SOLF
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC & FUQI call which is dying
AH IBM ER was greeted with selling ..Down AH 1.85% on 1.81 Million AH volume
AH CREE ER was stellar UP AH 10.90% on 1.26 AH volume
Germany will introduce legislation for cutback in subsidies on Wednesday which MAY pressure Solar stocks....will stay out until there is more clarity in terms of Sales & EPS......
Strong stocks were APWR,SOHU,IBN,AGU,ISRG,GOOG,IPI,
GS,MA,V,AAPL,NVDA,CSIQ,X.....
AH Futures are UP
AH Nikkei UP
AH Hang Seng Down
AH Shanghai Down
AH Oil Down
VIX closed lower @ 17.58 Down 1.84%
BLOG does NOT give buy or sell.
Saleem
Indices are green post option expiry...NICE !!!!
Indices are back on track of being green after Option Expiry & long weekend......
Gold UP 40 cents
Oil Down 18 cents
Canadian $ Down 39 tick to 96.81 US for 1 CAD
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI call.
@ 12.04 folowing are green :
APWR,AUY,PALM,SOHU,IBN,AGU,ISRG,GOOG,GS,
MA,V,AAPL,X,MRVL,GG,LDK,SOL,EGO,TKC,CTRN,
ICE,JRCC,WYNN,AEM,SNE,FWLT....
BLOG does NOT give buy or sell.
Saleem
Gold UP 40 cents
Oil Down 18 cents
Canadian $ Down 39 tick to 96.81 US for 1 CAD
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI call.
@ 12.04 folowing are green :
APWR,AUY,PALM,SOHU,IBN,AGU,ISRG,GOOG,GS,
MA,V,AAPL,X,MRVL,GG,LDK,SOL,EGO,TKC,CTRN,
ICE,JRCC,WYNN,AEM,SNE,FWLT....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 17, 2010
Markets waiting for strong Earning Report for next leg UP....
Option Expiry & lackluster earning report from AA,INTC & JPM took a toll on investors/traders sentiment...S&P 500 pulled back to 1136.03 from an intraday high of 1150.41..a pullback of 14.38 points or <1.25%>....
Market so-called commentators who have been BEARISH would like you to believe that they have been RIGHT since July when they all were sure that we are heading way way down and declared that 980 area in S&P 500 is the-TOP of this market......
So here we are...@ 1136.03 near absolute high of last 15 months......
This IS a very strong ,orderly UPTRENDING market.....as we are about to enter a strong bull market by Q3 which will anticipate a "robust"Q4/Christmas......
I do not see a downside correction below 1100 which will act as major support area......
Sector rotation is happening RAPIDLY..almost like back & forth same strong sectors are coming in vogue......
Solar sector took a hit based on rumour of a severe /earlier cut in subsidies......they will stabilize around these levels..timing of this bearish rumour coincided with option expiry????
So solar stocks have corrected big time to lowest level of RSI in 4 months..now they are in 40's which IS a major buy point......
Here is my $/sector allocation as of Friday's close :
TSL 21.45%
POT 15.42%
APWR 10.87%
SOLF 10.59%
IAG 8.83%
ASIA 8.20%
PALM 7.66%
SLW 7.44%
AUY 5.08%
TC 4.46%
FUQI call Feb $22.50
Having 10 stocks in different areas gives me high comfort level.This market has remained tough for those who are REACTING to every pundits statements about what IS good or bad stocks...this way you are buying near top or selling near low...NOT a good trading/investing approach......
You need lot of CONVICTION in this market which only comes when you can have your OWN interpretation of events FA/TA/TAPE wise.....there is such a thing as overbought & oversold....
Good luck with your strategy..IF it WORKS it is FINE BUT IF it does NOT ..please learn from it & CHANGE !!!!!
BLOG does NOT give buy or sell.
Saleem
Market so-called commentators who have been BEARISH would like you to believe that they have been RIGHT since July when they all were sure that we are heading way way down and declared that 980 area in S&P 500 is the-TOP of this market......
So here we are...@ 1136.03 near absolute high of last 15 months......
This IS a very strong ,orderly UPTRENDING market.....as we are about to enter a strong bull market by Q3 which will anticipate a "robust"Q4/Christmas......
I do not see a downside correction below 1100 which will act as major support area......
Sector rotation is happening RAPIDLY..almost like back & forth same strong sectors are coming in vogue......
Solar sector took a hit based on rumour of a severe /earlier cut in subsidies......they will stabilize around these levels..timing of this bearish rumour coincided with option expiry????
So solar stocks have corrected big time to lowest level of RSI in 4 months..now they are in 40's which IS a major buy point......
Here is my $/sector allocation as of Friday's close :
TSL 21.45%
POT 15.42%
APWR 10.87%
SOLF 10.59%
IAG 8.83%
ASIA 8.20%
PALM 7.66%
SLW 7.44%
AUY 5.08%
TC 4.46%
FUQI call Feb $22.50
Having 10 stocks in different areas gives me high comfort level.This market has remained tough for those who are REACTING to every pundits statements about what IS good or bad stocks...this way you are buying near top or selling near low...NOT a good trading/investing approach......
You need lot of CONVICTION in this market which only comes when you can have your OWN interpretation of events FA/TA/TAPE wise.....there is such a thing as overbought & oversold....
Good luck with your strategy..IF it WORKS it is FINE BUT IF it does NOT ..please learn from it & CHANGE !!!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, January 16, 2010
Buy rated stocks....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
CHL,BKX,OMX,CELG,NOK,RBS,SMG,RJF,
SGI,WSTL,BG,KKD,LZB,RGR,TGB,AMCC,
BARE.
Next post on Sunday by noon.
BLOG does NOT give buy or sell.
Saleem
CHL,BKX,OMX,CELG,NOK,RBS,SMG,RJF,
SGI,WSTL,BG,KKD,LZB,RGR,TGB,AMCC,
BARE.
Next post on Sunday by noon.
BLOG does NOT give buy or sell.
Saleem
Friday, January 15, 2010
1%+ pullback in Indices on Option Expiry day.....
JPM cautious economic & profit picture gave lot of negativity...Indices struggled whole day and closed slightly above lows of the day.......
Gold Down
Oil Down
VIX closed @ 17.91 UP only 1.59%..sign that markets will rebound quickly.....
Solar stocks had another bad day due to German pending cutback in subsidy...
By 12 noon Saturday..I will list buy rated stocks.....
BLOG does NOT give buy or sell.
Saleem
Gold Down
Oil Down
VIX closed @ 17.91 UP only 1.59%..sign that markets will rebound quickly.....
Solar stocks had another bad day due to German pending cutback in subsidy...
By 12 noon Saturday..I will list buy rated stocks.....
BLOG does NOT give buy or sell.
Saleem
JPM comments putting pressure in Indices...
JPM cautious comments regarding future profitability & economy is putting pressure in indices...1.27% to 1.51% loss is the range......
Option Expiry is also playing a role in negativity.....should see an improvement by close.....
Solar are under pressure AGAIN but off the lows...sign of stabilization......
Gold Down $12
Oil Down $1.05
Canadian $ Down 35 tick to 97.25
Portfolio is APWR,AUY,ASIA,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI Call.....
@ 12.36 following are green :
PALM,BIDU,MA,AMZN,NDAQ,VLO.....
BLOG does NOT give buy or sell.
Saleem
Option Expiry is also playing a role in negativity.....should see an improvement by close.....
Solar are under pressure AGAIN but off the lows...sign of stabilization......
Gold Down $12
Oil Down $1.05
Canadian $ Down 35 tick to 97.25
Portfolio is APWR,AUY,ASIA,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI Call.....
@ 12.36 following are green :
PALM,BIDU,MA,AMZN,NDAQ,VLO.....
BLOG does NOT give buy or sell.
Saleem
Thursday, January 14, 2010
Another high close for S&P 500 & Dow...NICE !!!!
Dow & S&P 500 marching to their own beat into another high close...Nasdaq slightly behind.....
Solar stocks took a pounding on "rumour of German subsidy reduction"...Germany already has reduced subsidy by 10% @ start of 2010 and was EXPECTED to reduce subsidy by another
10%+ from July 1 which is the start of Q3...so the surprise in rumour is that it will be another 16% to 17% & starting in Q2.....so this COULD be a two fold surprise....MORE subsidy cut than anticipated & STARTING earlier than anticipated......most solar were down from 5% to 12% due to "surprise factor"
I personally feel that we have seen the REACTION in solar stocks & we gradually work our way UP from here.....most solar stocks ER normally BEAT by a wide %..so this reaction to subsidy does NOT change much in terms of 2010 EPS or Sales.....
Many stocks outperformed which includes ASIA,PALM,TC, BIDU,SOHU,
NTES,GOOG,MA,ISRG,RIMM,RVBD,LVS,WYNN,FMCN.....
VIX continued its new 52 wk low tradition by closing @ 17.63..which means that market MAY continue to go UP.....
AH Futures are RED..as INTC ER although was a BEAT BUT it is being sold off..barely UP in AH + 17 cents in AH volume of 14.76 million shares...
JPM reports before Open which will set the tone for markets & it is Option Expiry which MM will bring MANY stocks to its desired strike levels.....
AH Nikkei Down
AH Hang Seng Down
AH Shanghai Down
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Solar stocks took a pounding on "rumour of German subsidy reduction"...Germany already has reduced subsidy by 10% @ start of 2010 and was EXPECTED to reduce subsidy by another
10%+ from July 1 which is the start of Q3...so the surprise in rumour is that it will be another 16% to 17% & starting in Q2.....so this COULD be a two fold surprise....MORE subsidy cut than anticipated & STARTING earlier than anticipated......most solar were down from 5% to 12% due to "surprise factor"
I personally feel that we have seen the REACTION in solar stocks & we gradually work our way UP from here.....most solar stocks ER normally BEAT by a wide %..so this reaction to subsidy does NOT change much in terms of 2010 EPS or Sales.....
Many stocks outperformed which includes ASIA,PALM,TC, BIDU,SOHU,
NTES,GOOG,MA,ISRG,RIMM,RVBD,LVS,WYNN,FMCN.....
VIX continued its new 52 wk low tradition by closing @ 17.63..which means that market MAY continue to go UP.....
AH Futures are RED..as INTC ER although was a BEAT BUT it is being sold off..barely UP in AH + 17 cents in AH volume of 14.76 million shares...
JPM reports before Open which will set the tone for markets & it is Option Expiry which MM will bring MANY stocks to its desired strike levels.....
AH Nikkei Down
AH Hang Seng Down
AH Shanghai Down
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
All Indices green...waiting for INTC ER.....
Indices are green while INTC reports AH....
INTC ER should be better than expected.....
Gold Down $3.60
Oil Down 20 cents
Canadian $UP 48 tick to 97.43 US for 1 CAD...this is @ highs of last 18 months...
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI call
@ 12.20 following are green :
TC,SOLF,PALM,ASIA,IAG,FUQI,SOHU,SINA,NTES,
ISRG,RIMM,GOOG,BIDU,MA,GNK,LVS,LDK,FMCN,
SNDA,ICE,IGT,WYNN,FSLR,SNE.
BLOG does NOT give buy or sell.
Saleem
INTC ER should be better than expected.....
Gold Down $3.60
Oil Down 20 cents
Canadian $UP 48 tick to 97.43 US for 1 CAD...this is @ highs of last 18 months...
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI call
@ 12.20 following are green :
TC,SOLF,PALM,ASIA,IAG,FUQI,SOHU,SINA,NTES,
ISRG,RIMM,GOOG,BIDU,MA,GNK,LVS,LDK,FMCN,
SNDA,ICE,IGT,WYNN,FSLR,SNE.
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 13, 2010
Dow made another HIGH.....
All Indices made a rush towards new highs but only Dow made it into new highs.....S&P 500 is fractions below new high..Nasdaq ia further behind....
Gold made it into green also
Canadian $ closed near 97 cents US again
Solar stocks took it on the chin earlier sporting about 7% loss then came roaring back & some made it into green..nice turnaround....
In this market traders need to understand that sharp intraday loss is nothing to fear about as stocks can turn in a hurry.....knowing FA & TA helps in conviction...
Strong stocks included POT,IAG,SLW,TC,PALM,SOHU,
AAPL,RIMM,BIDU,CREE,AGU,AMZN.....
AH Futures are green
AH Nikkei UP
AH Hang Seng UP
AH Shanghai UP
AH Gold UP
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Gold made it into green also
Canadian $ closed near 97 cents US again
Solar stocks took it on the chin earlier sporting about 7% loss then came roaring back & some made it into green..nice turnaround....
In this market traders need to understand that sharp intraday loss is nothing to fear about as stocks can turn in a hurry.....knowing FA & TA helps in conviction...
Strong stocks included POT,IAG,SLW,TC,PALM,SOHU,
AAPL,RIMM,BIDU,CREE,AGU,AMZN.....
AH Futures are green
AH Nikkei UP
AH Hang Seng UP
AH Shanghai UP
AH Gold UP
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Indices are back on "bull track"...NICE !!!
Those who doubt the resiliency & strength of this market are waking up to a rude reality....shorts are NOT getting any break......2010 will kill more shorts and we end UP higher...
Nice to see indices in green already.....should give us a strong close.....
Gold Down $3.90
Oil Down $1.26
Canadian $ UP 99 tick to 97.08 US for 1 CAD
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI calls
@ 12.44 following are green :
pot,iag,slw,palm,tc,sohu,cree,sina,bidu,rimm,gs,ma,
rvbd,mrvl.....
BLOG does NOT give buy or sell.
Saleem
Nice to see indices in green already.....should give us a strong close.....
Gold Down $3.90
Oil Down $1.26
Canadian $ UP 99 tick to 97.08 US for 1 CAD
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC,FUQI calls
@ 12.44 following are green :
pot,iag,slw,palm,tc,sohu,cree,sina,bidu,rimm,gs,ma,
rvbd,mrvl.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 12, 2010
Nasdaq pulled back the-most among Indices....
@ close Nasdaq was the weakest followed by S&P 500 and Dow was slightly red......
Nasdaq volume was the heaviest of the three indices....
Internals were not extreme ..a very good sign.....
This was an overdue pullback of minor magnitude..Dax in Germany was down 1.61% today.....
China tweaking interest rate by 8 basis point to 1.84% is being "exploited by shorts" who have been wrong about markets for months.....it is a non event in scope....
VIX closed @ 18.25 up 3.99%..a minor jump on a negative day.....
AH Futures are Green
AH Nikkei Down
AH Hang Seng Down
AH Shanghai Down
AH Oil Down
Market should find footing by close on Wednesday.....as indices RSI are below 60 on most of them....
BLOG does NOT give buy or sell.
Saleem
Nasdaq volume was the heaviest of the three indices....
Internals were not extreme ..a very good sign.....
This was an overdue pullback of minor magnitude..Dax in Germany was down 1.61% today.....
China tweaking interest rate by 8 basis point to 1.84% is being "exploited by shorts" who have been wrong about markets for months.....it is a non event in scope....
VIX closed @ 18.25 up 3.99%..a minor jump on a negative day.....
AH Futures are Green
AH Nikkei Down
AH Hang Seng Down
AH Shanghai Down
AH Oil Down
Market should find footing by close on Wednesday.....as indices RSI are below 60 on most of them....
BLOG does NOT give buy or sell.
Saleem
Overbought & Option Expiry @ play today.....
Markets were in need of technical repair going into today.......
Option Expiry is also a factor...
This pullback is healthy for the market & was anticipated.......
AA ER is NOT the reason.....
Gold Down $5.10
Oil Down 1.07
Canadian $ down 57 tick
In my portfolio :
Bought FUQI call Feb 22.50 for $1.30...first venture in call buying in many years......feeling optimistic about FUQI TAPE.....
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC....FUQI call
@ 12.44 following are green :
RCI,BCE,MA,LVS,BRCD,CTRN,SNE....
BLOG does NOT give buy or sell.
Saleem
Option Expiry is also a factor...
This pullback is healthy for the market & was anticipated.......
AA ER is NOT the reason.....
Gold Down $5.10
Oil Down 1.07
Canadian $ down 57 tick
In my portfolio :
Bought FUQI call Feb 22.50 for $1.30...first venture in call buying in many years......feeling optimistic about FUQI TAPE.....
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL,TC....FUQI call
@ 12.44 following are green :
RCI,BCE,MA,LVS,BRCD,CTRN,SNE....
BLOG does NOT give buy or sell.
Saleem
Monday, January 11, 2010
All indices made intraday new highs but nasdaq negative @ close...
S&P 500 & Dow made it into new record...Nasdaq also went to intraday high but closed lower.....
AH AA ER was taken as negative Down AH 5.39% on AH volume of 5.67 million shares.....
Gold closed UP $12.50 @ 1150.70
Oil closed Down 60 cents to $81.92
VIX went to new 52 wk low closing @ 17.55
Green stocks included APWR,AUY,IAG,SLW,SOLF,TSL,SOL,LDK,
SINA,RCI,ISRG,CMED.....
AH Futures are Down
AH Nikkei Down
AH Hang Seng Down
AH Oil Down
BLOG does NOT give buy or sell.
PS...post was delayed due to phone interruption....
Saleem
AH AA ER was taken as negative Down AH 5.39% on AH volume of 5.67 million shares.....
Gold closed UP $12.50 @ 1150.70
Oil closed Down 60 cents to $81.92
VIX went to new 52 wk low closing @ 17.55
Green stocks included APWR,AUY,IAG,SLW,SOLF,TSL,SOL,LDK,
SINA,RCI,ISRG,CMED.....
AH Futures are Down
AH Nikkei Down
AH Hang Seng Down
AH Oil Down
BLOG does NOT give buy or sell.
PS...post was delayed due to phone interruption....
Saleem
Dow in record territory..S&P 500 & Nasdaq down slightly...
Profit taking is playing a role in markets...Dow pulling away into new 2010 highs while Nasdaq & S&P 500 is slightly lower.......
Not much conviction in selling....tapering off ???
Gold UP $20
Oil Down 14 cents
Canadian $ Down 9 tick
In my portfolio :
Bought PALM @ $12.56
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL.TC......
@ 12.39 following are green :
APWR,AUY,IAG,SLW,SOLF,TSL,SOL,LDK,STP,
SINA,RCI,AGU,CMED,ISRG,GNK,LVS,FMCN,CTRN,
IGT,SPWRA...
BLOG does NOT give buy or sell.
Saleem
Not much conviction in selling....tapering off ???
Gold UP $20
Oil Down 14 cents
Canadian $ Down 9 tick
In my portfolio :
Bought PALM @ $12.56
Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,SOLF,TSL.TC......
@ 12.39 following are green :
APWR,AUY,IAG,SLW,SOLF,TSL,SOL,LDK,STP,
SINA,RCI,AGU,CMED,ISRG,GNK,LVS,FMCN,CTRN,
IGT,SPWRA...
BLOG does NOT give buy or sell.
Saleem
Sunday, January 10, 2010
Option Expiry week,ER & Markets.......
This Friday is option Expiry which means markets will be subjected to factors beyond its control...generally Market Makers have a defined strategy in mind with key stocks in terms of strike prices,,,which affects the sentiments of overall market......
Thursday is generally very weak based on recent trend where most of the OE activity is played out.....
Weak stocks gets weaker & generally go to lower strike price..while strong stocks are close to nearest strike level.......
ER are due for Q4 this week for some which will also set the tone for stock prices..I expect them to be BETTER than expected......
This week MAY be more interesting IF we keep an eye on RSI of key indices...which are :
Nasdaq 68.98
S&P 500 66.98
Dow 62.36
As we have seen that Monday is strong..then we MAY hit resistance based on RSI by Wed....so for traders it MAY not be a bad idea to lock profits on Wed & get back in by Friday close.....
January TAPE so far.... has been extremely bullish & points to higher prices.......
When market IGNORES bad news @ higher level then it wants to go higher.....
TAPE for strong stocks are giving clear message"stay the course"......
Market strength is broadening into many sectors....so it will be PRUDENT to stay in many sectors..this way your portfolio SHOULD grow overall......
IF you are diversified...then there is no need to trade as the TREND REMAINS UP......
I am closely monitoring TAPE for any shift in sentiments...but indication are clear that we MAY have a melt UP......
Closely following fundamentals & technical patterns will help you stay in strong stocks and get rid of weaker ones......
Here is my $/sector allocation as of Friday's close :
TSL 25.90% Solar fully integrated
POT 16.12% AG Potash producer
SOLF 12.20% Solar fully integrated
APWR 11.88% Wind Turbine/Alternate Energy
IAG 8.78% Gold Mining
ASIA 8.22% Tech/Software
SLW 7.39% Silver reseller
AUY 5.3% Gold Mining
TC 4.3% Molybdenum Mining
I know I am overweight in Alternative Energy & Mining but still spread out in different concepts in 9 stocks & it IS working.......
Good luck in your OWN trading techniques..IF it works then it IS a good one..IF NOT better CHANGE......
BLOG does NOT give buy or sell.
Saleem
Thursday is generally very weak based on recent trend where most of the OE activity is played out.....
Weak stocks gets weaker & generally go to lower strike price..while strong stocks are close to nearest strike level.......
ER are due for Q4 this week for some which will also set the tone for stock prices..I expect them to be BETTER than expected......
This week MAY be more interesting IF we keep an eye on RSI of key indices...which are :
Nasdaq 68.98
S&P 500 66.98
Dow 62.36
As we have seen that Monday is strong..then we MAY hit resistance based on RSI by Wed....so for traders it MAY not be a bad idea to lock profits on Wed & get back in by Friday close.....
January TAPE so far.... has been extremely bullish & points to higher prices.......
When market IGNORES bad news @ higher level then it wants to go higher.....
TAPE for strong stocks are giving clear message"stay the course"......
Market strength is broadening into many sectors....so it will be PRUDENT to stay in many sectors..this way your portfolio SHOULD grow overall......
IF you are diversified...then there is no need to trade as the TREND REMAINS UP......
I am closely monitoring TAPE for any shift in sentiments...but indication are clear that we MAY have a melt UP......
Closely following fundamentals & technical patterns will help you stay in strong stocks and get rid of weaker ones......
Here is my $/sector allocation as of Friday's close :
TSL 25.90% Solar fully integrated
POT 16.12% AG Potash producer
SOLF 12.20% Solar fully integrated
APWR 11.88% Wind Turbine/Alternate Energy
IAG 8.78% Gold Mining
ASIA 8.22% Tech/Software
SLW 7.39% Silver reseller
AUY 5.3% Gold Mining
TC 4.3% Molybdenum Mining
I know I am overweight in Alternative Energy & Mining but still spread out in different concepts in 9 stocks & it IS working.......
Good luck in your OWN trading techniques..IF it works then it IS a good one..IF NOT better CHANGE......
BLOG does NOT give buy or sell.
Saleem
Saturday, January 9, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
SWIR,JAG,CELG,KOPN,OEH,TK,DRYS,DNDN,
ADSK,ANAD,AMLME,CALI,PALM,GLW,VSH,
MFN,DAKT,IRDM,ZRAN.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
SWIR,JAG,CELG,KOPN,OEH,TK,DRYS,DNDN,
ADSK,ANAD,AMLME,CALI,PALM,GLW,VSH,
MFN,DAKT,IRDM,ZRAN.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, January 8, 2010
Another closing high in all indices.....NICE !!!!
Markets are shrugging many negative economic news and going UP....followers of market TAPE are getting a clear message that trend remains firmly UP.....
Gold closed UP $5.10 to $1138.20
Oil Closed UP 28 cents to $82.75
Canadian $ closed UP 43 tick to 97 cent US for 1 CAD
VIX closed @ new 52 wk low of 18.13
Solar came to life with new 52 wk high in TSL,SOLF,CSIQ.....
Strong stocks were ASIA,IAG,SLW,AUY,TC, GOOG,AMZN,AAPL,SOHU,MRVL,
CREE,PWRD,AGU,PALM GNK,X....
On Saturday by noon (please note change in posting time for weekend) ,I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Gold closed UP $5.10 to $1138.20
Oil Closed UP 28 cents to $82.75
Canadian $ closed UP 43 tick to 97 cent US for 1 CAD
VIX closed @ new 52 wk low of 18.13
Solar came to life with new 52 wk high in TSL,SOLF,CSIQ.....
Strong stocks were ASIA,IAG,SLW,AUY,TC, GOOG,AMZN,AAPL,SOHU,MRVL,
CREE,PWRD,AGU,PALM GNK,X....
On Saturday by noon (please note change in posting time for weekend) ,I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Job loss of 85K BUT markets not rattled...NICE !!!!
Markets are not rattled by unexpected job loss of 85K......Nov was revised UP..which shows improving trend in jobs picture as Nov saw job GROWTH of 4K.......
Nasdaq UP..while Dow & S&P down less than .25%...message of the market is clear....TREND is UP......
Shorts are fighting the TAPE....BUT indices are NOT budging......watch for short covering rally by close.......
Gold Down $4.90
Oil UP 43 cents
Canadian $ UP 20 tick
Portfolio is APWR,ASIA,AUY,IAG,POT,SLW,SOLF,TSL,TC...
@ 12.58 following are green :
ASIA,TSL,IAG,TSL,TC,POT,AUY,SOLF,CREE,PWRD,
AGU,PALM,GOOG,TLM,CSIQ,GNK,AMZN,X,AAPL,
SOHU,RCI,SNDA,ICE,AEM,FUQI,SNE,FWLT.
BLOG does NOT give buy or sell.
Saleem
Nasdaq UP..while Dow & S&P down less than .25%...message of the market is clear....TREND is UP......
Shorts are fighting the TAPE....BUT indices are NOT budging......watch for short covering rally by close.......
Gold Down $4.90
Oil UP 43 cents
Canadian $ UP 20 tick
Portfolio is APWR,ASIA,AUY,IAG,POT,SLW,SOLF,TSL,TC...
@ 12.58 following are green :
ASIA,TSL,IAG,TSL,TC,POT,AUY,SOLF,CREE,PWRD,
AGU,PALM,GOOG,TLM,CSIQ,GNK,AMZN,X,AAPL,
SOHU,RCI,SNDA,ICE,AEM,FUQI,SNE,FWLT.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 7, 2010
Dow & S&P 500 closed @ new HIGH...NICE !!!!
As you can tell market is not afraid of jobs report thus closing @ record high...Nasdaq is the only laggard in new high territory after being a leader for months sporting high RSI of 70.......
Lets look @ RSI for major Indices..
Nasdaq 66.05
S&P 500 65.66
Dow 61.73
As I have discussed many times...these are not in overbought territory yet......anything 70+ IS.......which results in pullback to correct as Nasdaq is doing these days....
In my portfolio :
Sold AMZN
Doubled my position in APWR ( wind turbine AE play) average cost $19.18
Bought ASIA @ $27.82 (Tech/ software in China)
Portfolio APWR,ASIA,AUY,IAG,POT,SLW,SOLF,TSL,TC.......
AG is strong as POT made a new 52 wk high.....
Strong stocks included POT,TC,IPI,GS,V,GE,M,LVS,X......
Solar took a temporary well deserved rest as most of them were sporting RSI of 80+++++
AH futures are mixed....
AH Nikkei UP
Hang Seng UP
Singapore UP
VIX closed @ new 52 wk low @ 19.06
BLOG does NOT give buy or sell.
Saleem
Lets look @ RSI for major Indices..
Nasdaq 66.05
S&P 500 65.66
Dow 61.73
As I have discussed many times...these are not in overbought territory yet......anything 70+ IS.......which results in pullback to correct as Nasdaq is doing these days....
In my portfolio :
Sold AMZN
Doubled my position in APWR ( wind turbine AE play) average cost $19.18
Bought ASIA @ $27.82 (Tech/ software in China)
Portfolio APWR,ASIA,AUY,IAG,POT,SLW,SOLF,TSL,TC.......
AG is strong as POT made a new 52 wk high.....
Strong stocks included POT,TC,IPI,GS,V,GE,M,LVS,X......
Solar took a temporary well deserved rest as most of them were sporting RSI of 80+++++
AH futures are mixed....
AH Nikkei UP
Hang Seng UP
Singapore UP
VIX closed @ new 52 wk low @ 19.06
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 @ new HIGH....NICE !!!!
Dow & S&P 500 are green despite unemployment claims number which showed slight uptick....there is lot of profit taking going on..BUT market wants to go HIGHER......
Jobs growth on Friday will give optimism for economy..the last barometer Jobs SHOULD tick up & show GROWTH......
Gold Down $4.70
Oil Down 34 cents
Canadian $ Down 20 tick
In my portfolio :
Bought APWR @ $19.33
Portfolio is AMZN(breached 50DMA on high volume?),APWR,AUY,IAG,POT,SLW
SOLF,TSL,TC.....
@ 12.28 following are green:
POT,TC,SLW,SOL,GE,GS,IPI,IBN,PALM,PMCS,M,LVS,
ICE,IGT,WYNN,NYX,VLO,FSLR,FWLT...
BLOG does NOT give buy or sell.
Saleem
Jobs growth on Friday will give optimism for economy..the last barometer Jobs SHOULD tick up & show GROWTH......
Gold Down $4.70
Oil Down 34 cents
Canadian $ Down 20 tick
In my portfolio :
Bought APWR @ $19.33
Portfolio is AMZN(breached 50DMA on high volume?),APWR,AUY,IAG,POT,SLW
SOLF,TSL,TC.....
@ 12.28 following are green:
POT,TC,SLW,SOL,GE,GS,IPI,IBN,PALM,PMCS,M,LVS,
ICE,IGT,WYNN,NYX,VLO,FSLR,FWLT...
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 6, 2010
S&P 500 added another new HIGH...NICE !!!!
Markets are fighting negative economic data and getting ready for the best news in a year on Friday...Jobs report will actually show jobs being created vs expectations of another decline of 8k..that should set up a nice rally AGAIN......
Markets generally anticipates a "trend changing event like Jobs GROWTH" & MAY rally on Thursday....
Gold continued its RUN
Oil @ higher grounds thanks to deep freeze
Canadian $ closed UP @ 96.89..close to its HIGH
Solar stocks were on fire again..2nd tier solar led the pack SOLF UP 13.39%,SOL UP 11.81%
Strong stocks included POT,AUY,SLW,TC,AGU,CREE,AA,
IPI,CMED,PALM,NDN,X,JRCC.....
AH Futures are Mixed
Nikkei UP
Shanghai,Hang Seng Down
VIX closed @ new 52 wk low @ 19.16....
BLOG does NOT give buy or sell.
Saleem
Markets generally anticipates a "trend changing event like Jobs GROWTH" & MAY rally on Thursday....
Gold continued its RUN
Oil @ higher grounds thanks to deep freeze
Canadian $ closed UP @ 96.89..close to its HIGH
Solar stocks were on fire again..2nd tier solar led the pack SOLF UP 13.39%,SOL UP 11.81%
Strong stocks included POT,AUY,SLW,TC,AGU,CREE,AA,
IPI,CMED,PALM,NDN,X,JRCC.....
AH Futures are Mixed
Nikkei UP
Shanghai,Hang Seng Down
VIX closed @ new 52 wk low @ 19.16....
BLOG does NOT give buy or sell.
Saleem
Market looking very good......NICE !!!!
ADP hiring data was negative BUT market wants to go higher.....S&P 500 making another new high.....
Gold UP $18.90...looking great $$$$
Oil UP $1.00
Canadian $ UP 65 tick to 96.81 US..getting close to recent high.....
In my portfolio :
Added 70% more AMZN @ $132.70..my overall cost is $132.08..looks deeply oversold ?...
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC.....
@ 12.14 following are green :
POT,IAG,AUY,SLW,SOLF (new high on upgrade target $13),
TC,CREE,SOL,AA,AGU,CMED,ISRG,BIDU,NDN,RVBD,X,ABX,
GG,KGC,SNDA,JRCC,VLO,SPWRA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Gold UP $18.90...looking great $$$$
Oil UP $1.00
Canadian $ UP 65 tick to 96.81 US..getting close to recent high.....
In my portfolio :
Added 70% more AMZN @ $132.70..my overall cost is $132.08..looks deeply oversold ?...
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC.....
@ 12.14 following are green :
POT,IAG,AUY,SLW,SOLF (new high on upgrade target $13),
TC,CREE,SOL,AA,AGU,CMED,ISRG,BIDU,NDN,RVBD,X,ABX,
GG,KGC,SNDA,JRCC,VLO,SPWRA,FSLR.
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 5, 2010
S&P 500 & Nasdaq closed @ another high...Nice !!!
Indices were setting record again with S&P 500 & Nasdaq.....
Dow barely missed it.....
Internals were strong .... new 52 wk high in NYSE 373 on Nasdaq 205....
AH MOS reported lower ER..but were optimistic about business for 2010..stock AH down 30 cents ..AH volume 550K.....
AH Futures are Down
AH Nikkei UP
AH Hang Seng UP
AH Shanghai UP
VIX closed @ 19.35 ..near 52 wk low.....
Major moves in solar stocks today from 2% to 10%..SOLF,TSL,STP,CSIQ were leading upsurge and @ new highs.....
Other strong stocks were POT,TC, GS,LVS,GNK,PALM,AGU,IPI,PWRD....
BLOG does NOT give buy or sell.
Saleem
Dow barely missed it.....
Internals were strong .... new 52 wk high in NYSE 373 on Nasdaq 205....
AH MOS reported lower ER..but were optimistic about business for 2010..stock AH down 30 cents ..AH volume 550K.....
AH Futures are Down
AH Nikkei UP
AH Hang Seng UP
AH Shanghai UP
VIX closed @ 19.35 ..near 52 wk low.....
Major moves in solar stocks today from 2% to 10%..SOLF,TSL,STP,CSIQ were leading upsurge and @ new highs.....
Other strong stocks were POT,TC, GS,LVS,GNK,PALM,AGU,IPI,PWRD....
BLOG does NOT give buy or sell.
Saleem
Nasdaq & S&P 500 @ new highs AGAIN....NICE !!!!
Indices are making new highs with S&P 500 & Nasdaq despite negative home sales data......
Dow is lagging BUT not far from previous high.....
Gold UP $7.10
Oil UP 9 cents
Canadian $ UP 26 tick @ 96.29 US for 1 CAD
In my portfolio :
Doubled my position in IAG @ $16.05
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC.....
@ 12.07 following are among green:
TSL ( new high),POT (upgraded by CS),SOLF,TC,AUY,SLW,
APWR,MRVL,SOHU,STP,PWRD,AGU,IPI,RIMM,PALM,GG,
GS,CSIQ,SU,LVS,AAPL......
BLOG does NOT give buy or sell.
Saleem
Dow is lagging BUT not far from previous high.....
Gold UP $7.10
Oil UP 9 cents
Canadian $ UP 26 tick @ 96.29 US for 1 CAD
In my portfolio :
Doubled my position in IAG @ $16.05
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC.....
@ 12.07 following are among green:
TSL ( new high),POT (upgraded by CS),SOLF,TC,AUY,SLW,
APWR,MRVL,SOHU,STP,PWRD,AGU,IPI,RIMM,PALM,GG,
GS,CSIQ,SU,LVS,AAPL......
BLOG does NOT give buy or sell.
Saleem
Monday, January 4, 2010
New Highs for all Indices...NICE
All major indices are in record territory AGAIN.....
Internals were very strong new 52 wk high in NYSE was 302 & 220 in Nasdaq
Manufacturing data from China to US are improving.....
US$ down
Gold UP
Oil UP
CAD UP
Sounds like good times are here AGAIN.......
Most stocks were UP in improved volume....
TSL & CSIQ made new 52 wk high
AH Futures are mixed
AH Nikkei UP
AH Hang Seng UP
VIX @ 20.04...ready to rollover AGAIN .......
BLOG does NOT give buy or sell.
Saleem
Internals were very strong new 52 wk high in NYSE was 302 & 220 in Nasdaq
Manufacturing data from China to US are improving.....
US$ down
Gold UP
Oil UP
CAD UP
Sounds like good times are here AGAIN.......
Most stocks were UP in improved volume....
TSL & CSIQ made new 52 wk high
AH Futures are mixed
AH Nikkei UP
AH Hang Seng UP
VIX @ 20.04...ready to rollover AGAIN .......
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Nasdaq @ new HIGHS.....NICE !!!!
Indices are making new highs in S&P 500 & Nasdaq...Dow slightly below......
Manufacturing data was higher than expectation......
Gold UP $25
Oil UP $1.97
Canadian $ UP 1.11 cent against US$ @ 96.30 cents US for 1 CAD.....
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
@ 12.35 following are RED.....
AMZN,APWR,RCI,RIMM,BIDU,NVDA,CTRN,
FSLR.
BLOG does NOT give buy or sell.
Saleem
Manufacturing data was higher than expectation......
Gold UP $25
Oil UP $1.97
Canadian $ UP 1.11 cent against US$ @ 96.30 cents US for 1 CAD.....
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
@ 12.35 following are RED.....
AMZN,APWR,RCI,RIMM,BIDU,NVDA,CTRN,
FSLR.
BLOG does NOT give buy or sell.
Saleem
Sunday, January 3, 2010
2010 Stock Market ????
2009 created "above average gains"......
2009 S&P 500 started @903.25 Dec 31st, 2008
2009 lowest point was 666.79 on March 6th, 2009
2009 highest point was 1130.38 Dec 28th,2009
2009 highest close 1127.78 28th Dec,2009
2009 S&P 500 closed @ 1115.10 Dec 31st,2009
YTD gain of 211.85 points or 23.45%...............
NOW....the question IS ...what to expect in 2010 ????
2010 is expected to show economic revival by Q3 with a strong Q4
2010 Q1 & Q2 MAY be weaker than current euphoria about economy & stock market.....
Based on the above economic scenario..I am expecting first half to be difficult in economy & stock market........
Based on HOW i interpret ..I am expecting stock market to be @ lows of the year in first half......
SO...lets do some mind game for stock market prediction...which is almost IMPOSSIBLE to do..but lets do it anyway......
I see S&P 500 to hit 1200 area in Jan.......
I see S&P 500 to hit 1080 area in Feb.......
I see S&P 500 to hit 1120 area in March...
SO...based on the above by end of March we are going nowhere fast......
By June S&P 500 will retest 1080 support and MAY breach it LOWER to 1050 area.....
BUT...by December 2010 S&P 500 to cross 1300.......
SO..IF my scenario hold...S&P 500 will show YTD gain of 184.90 points or 16.58%......
BUT there is a downside RISK of <65> or <5.82%> till end of June......which MAY knock your investing/trading confidence?
SO...be REALISTIC in facing markets UPS & DOWNS...these ARE normal occurrence and stock market in 2010 WILL be a normal market.......
Booking profits MAY not be a bad idea until June .. it will be a traders market till June......from July to December it will be an investors dream....so "overexposure is warranted"
July to December Gains SHOULD be a very healthy 250 S&P points or 23.8%......
Bottom line is ..looks like "reduced exposure" till June..... MAY not be such a bad idea......
Here is my $ /sector allocation as of 31st Dec :
TSL 30.48% Solar fully integrated
POT 18.69% AG/Potash producer
AMZN 13.30% Tech/online retailer
SOLF 12.28% Solar fully integrated
SLW 8.48% Silver Reseller
AUY 6.42% Gold Mining
IAG 5.74% Gold Mining
TC 4.61% Molybdenum Mining
I remain "overweight" in Solar & mining sector BUT still diversified in many sectors....
I will be selling into strength & pulling money out from market @ the same time...BUT will maintain exposure in market all the time.....this is for my comfort level based on how i see this market behaving till June......
You all need to FIGURE out how YOU see this market trending & find your OWN comfort level....I am WRONG like everyone else in predicting market movement which REMAINS impossible to PREDICT......BUT @ least I have MY game plan....which I PLAN to EXECUTE....
I will closely MONITOR tape as usual which will be the FINAL verdict for me......
BLOG does NOT give buy or sell.
Saleem
2009 S&P 500 started @903.25 Dec 31st, 2008
2009 lowest point was 666.79 on March 6th, 2009
2009 highest point was 1130.38 Dec 28th,2009
2009 highest close 1127.78 28th Dec,2009
2009 S&P 500 closed @ 1115.10 Dec 31st,2009
YTD gain of 211.85 points or 23.45%...............
NOW....the question IS ...what to expect in 2010 ????
2010 is expected to show economic revival by Q3 with a strong Q4
2010 Q1 & Q2 MAY be weaker than current euphoria about economy & stock market.....
Based on the above economic scenario..I am expecting first half to be difficult in economy & stock market........
Based on HOW i interpret ..I am expecting stock market to be @ lows of the year in first half......
SO...lets do some mind game for stock market prediction...which is almost IMPOSSIBLE to do..but lets do it anyway......
I see S&P 500 to hit 1200 area in Jan.......
I see S&P 500 to hit 1080 area in Feb.......
I see S&P 500 to hit 1120 area in March...
SO...based on the above by end of March we are going nowhere fast......
By June S&P 500 will retest 1080 support and MAY breach it LOWER to 1050 area.....
BUT...by December 2010 S&P 500 to cross 1300.......
SO..IF my scenario hold...S&P 500 will show YTD gain of 184.90 points or 16.58%......
BUT there is a downside RISK of <65> or <5.82%> till end of June......which MAY knock your investing/trading confidence?
SO...be REALISTIC in facing markets UPS & DOWNS...these ARE normal occurrence and stock market in 2010 WILL be a normal market.......
Booking profits MAY not be a bad idea until June .. it will be a traders market till June......from July to December it will be an investors dream....so "overexposure is warranted"
July to December Gains SHOULD be a very healthy 250 S&P points or 23.8%......
Bottom line is ..looks like "reduced exposure" till June..... MAY not be such a bad idea......
Here is my $ /sector allocation as of 31st Dec :
TSL 30.48% Solar fully integrated
POT 18.69% AG/Potash producer
AMZN 13.30% Tech/online retailer
SOLF 12.28% Solar fully integrated
SLW 8.48% Silver Reseller
AUY 6.42% Gold Mining
IAG 5.74% Gold Mining
TC 4.61% Molybdenum Mining
I remain "overweight" in Solar & mining sector BUT still diversified in many sectors....
I will be selling into strength & pulling money out from market @ the same time...BUT will maintain exposure in market all the time.....this is for my comfort level based on how i see this market behaving till June......
You all need to FIGURE out how YOU see this market trending & find your OWN comfort level....I am WRONG like everyone else in predicting market movement which REMAINS impossible to PREDICT......BUT @ least I have MY game plan....which I PLAN to EXECUTE....
I will closely MONITOR tape as usual which will be the FINAL verdict for me......
BLOG does NOT give buy or sell.
Saleem
Saturday, January 2, 2010
BUY rated stocks for 2010......!!!!
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
SWIR,SNDA,NTES,RLH,FTEK,RJET,HRAY,PAL,
LLNW,GMCR,GLS,KNOT,RBS,TLB,LIZ,LZ,ERJ,
SNX,PRTS,TNL,SNP,CTRN,CUTR,ELOS,FEED,
KONG,SEED,VIMC,GLW,NOK,WFR.
Next post on Sunday by 11 AM.
BLOG does NOT give buy or sell.
Saleem
SWIR,SNDA,NTES,RLH,FTEK,RJET,HRAY,PAL,
LLNW,GMCR,GLS,KNOT,RBS,TLB,LIZ,LZ,ERJ,
SNX,PRTS,TNL,SNP,CTRN,CUTR,ELOS,FEED,
KONG,SEED,VIMC,GLW,NOK,WFR.
Next post on Sunday by 11 AM.
BLOG does NOT give buy or sell.
Saleem
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