Indices were under severe selling pressure with Nasdaq being the weakest.....
GS which plays with sell rating to benefit their strategy got a sell slapped on them...how rating game came to bite GS in a big way....GS was down $15.04......or 9.39%
Many stocks were down 5% or more included MU,MRVL,SNDK,CRUS,CSIQ,
NVDA,ASIA,SOLF,LSCC....
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
Friday, April 30, 2010
Indices trying to find support after GS inspired selling.....
Indices are feeling the heat from GS selling by $14+ on reported criminal investigation & a sell downgrade.....
Indices are down from .65% to 1.15% so far....Indices are trying to find support.....
Gold UP $12 to $1180.40..new 2010 high
Oil UP 66 cents to $85.79
Canadian $ Down 91 tick to 98.44 cents US for 1 CAD
VIX UP 7.7%
Portfolio is CIEN,RFMD,RIMM,TER.....
Most stocks are down.....
@ 12.41 following are green :
CIEN,QID,SOHU,SOL,SINA,CCJ,IBN,IPI,
GG,SU,POT,SLW,IAG,VXX,SWKS,ECA,
TKC,CTRN,JRCC,ABX,AEM,VAR.....
BLOG does NOT give buy or sell.
Saleem
Indices are down from .65% to 1.15% so far....Indices are trying to find support.....
Gold UP $12 to $1180.40..new 2010 high
Oil UP 66 cents to $85.79
Canadian $ Down 91 tick to 98.44 cents US for 1 CAD
VIX UP 7.7%
Portfolio is CIEN,RFMD,RIMM,TER.....
Most stocks are down.....
@ 12.41 following are green :
CIEN,QID,SOHU,SOL,SINA,CCJ,IBN,IPI,
GG,SU,POT,SLW,IAG,VXX,SWKS,ECA,
TKC,CTRN,JRCC,ABX,AEM,VAR.....
BLOG does NOT give buy or sell.
Saleem
Thursday, April 29, 2010
Strong close on high volume....NICE !!!!
All indices closed near high of the day on strong volume.....they are very close to making new highs......
VIX was down 12.52% closing @ 18.44
Strong stocks which moved 5% or more included :
CRUS,SOL,STP,BIDU,TSL,PALM,JASO,CYOU,
SOLF,BZH,FSLR......
AH Futures are mixed
Asian markets are UP
Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
VIX was down 12.52% closing @ 18.44
Strong stocks which moved 5% or more included :
CRUS,SOL,STP,BIDU,TSL,PALM,JASO,CYOU,
SOLF,BZH,FSLR......
AH Futures are mixed
Asian markets are UP
Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Market back on track UP 1%+....NICE !!!
US market is taking the lead in ignoring noise about European financial weakness....
Indices UP nicely more than 1%......
Gold Down $6.20
Oil UP $1.85
Canadian $ UP 48 tick to 99.52 US for 1 CAD
In my portfolio :
Doubled my position in CIEN @ $18.28
Portfolio is CIEN,RFMD,RIMM,TER......
Most stocks are UP
@ 12.33 following are RED :
RIMM,RFMD,TCK,SNDK,SOHU,CREE,CCJ,
GOOG,V,PMCS,X,GNK,MU,JRCC,AEM.
BLOG does NOT give buy or sell.
Saleem
Indices UP nicely more than 1%......
Gold Down $6.20
Oil UP $1.85
Canadian $ UP 48 tick to 99.52 US for 1 CAD
In my portfolio :
Doubled my position in CIEN @ $18.28
Portfolio is CIEN,RFMD,RIMM,TER......
Most stocks are UP
@ 12.33 following are RED :
RIMM,RFMD,TCK,SNDK,SOHU,CREE,CCJ,
GOOG,V,PMCS,X,GNK,MU,JRCC,AEM.
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 28, 2010
Green close in all indices...NICE !!!!
Indices fought jitters whole day about Spain downgrade.....BUT Fed minutes gave support for higher close.
Market TAPE is strong as it recovers quickly on any unsettling news......Today US market ignored weakness in European markets where DAX closed down 1.22%.....a great indicator of relative strength......
AH BIDU ER was a blowout & splitting stock 10 to 1.....AH UP $89.13 cents in AH volume of 441,081..last trade $710.51......
AH FSLR ER was a beat UP $8.37 in AH volume of 1.05 million....all solar stocks up in sympathy in AH trading....
AH PALM got an offer from HP..20% premium over today's close..closed UP 25.92% @ $5.83..ABOVE offer price ???
AH Futures are UP
AH Oil & Gold Down
AH Silver UP
AH Shanghai ,Hang Seng & Singapore UP
BLOG does NOT give buy or sell.
Saleem
Market TAPE is strong as it recovers quickly on any unsettling news......Today US market ignored weakness in European markets where DAX closed down 1.22%.....a great indicator of relative strength......
AH BIDU ER was a blowout & splitting stock 10 to 1.....AH UP $89.13 cents in AH volume of 441,081..last trade $710.51......
AH FSLR ER was a beat UP $8.37 in AH volume of 1.05 million....all solar stocks up in sympathy in AH trading....
AH PALM got an offer from HP..20% premium over today's close..closed UP 25.92% @ $5.83..ABOVE offer price ???
AH Futures are UP
AH Oil & Gold Down
AH Silver UP
AH Shanghai ,Hang Seng & Singapore UP
BLOG does NOT give buy or sell.
Saleem
1 notch downgrade of Spain curbing enthusiasm for rally.....
S&P has downgraded Spain by 1 notch to AA...Portugal yesterday was downgraded 2 notch & Greece to Junk.......all this is curbing enthusiasm for rally......
Stocks are mixed with S&P 500 & Dow showing leadership while Nasdaq being weak.....
@ 2.15 PM ..Fed will release its policy statement..which will give comfort to the market
Gold UP $11.40 to $1173.10..new 2010 high
Oil Down 4 cents
Canadian $ UP 18 tick to 98.61
Portfolio is CIEN,RFMD,RIMM,TER.....
@ 12.19 following are green :
CIEN,RFMD,CRUS,EGO,TSL,ISRG,GS,BIDU,
GG,CSIQ,ABX,X,POT,AGU,AUY,SLW,GNK,IAG,
MS,KGC,ICE,AEM,VAR,IBN......
BLOG does NOT give buy or sell.
Saleem
Stocks are mixed with S&P 500 & Dow showing leadership while Nasdaq being weak.....
@ 2.15 PM ..Fed will release its policy statement..which will give comfort to the market
Gold UP $11.40 to $1173.10..new 2010 high
Oil Down 4 cents
Canadian $ UP 18 tick to 98.61
Portfolio is CIEN,RFMD,RIMM,TER.....
@ 12.19 following are green :
CIEN,RFMD,CRUS,EGO,TSL,ISRG,GS,BIDU,
GG,CSIQ,ABX,X,POT,AGU,AUY,SLW,GNK,IAG,
MS,KGC,ICE,AEM,VAR,IBN......
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 27, 2010
1.9% to 2.34% pullback in Indices.....
When US market opened...European markets were already down 1.6%......But Dow try to brave the jitters with a green tape...which gave false hope to many including me......
BUT...as everybody felt that Greece junk status is another non-event...came selling on volume & took everything Down except Gold......indices & stocks closed near lows of the day.....
S&P 500 took the biggest tumble by being down 2.34% in a single day......volume was highest in a long time in all indices.....
Even IBD went into cautionary rating after close..... saying rally under pressure.......
This selling is a good thing......because it repaired "overbought readings in one day"
Here is the biggest indicator RSI @ close :
S&P 500 48.55
Dow 51.79
Nasdaq 55.37
These RSI numbers takes us all the way back to the week of Feb 16th.....some 10 weeks back....SO...all is not lost with today's major drubbing........
There is a chance that we MAY find footing by close on Wed.....color could be green !!!!!
VIX was the superstar today by jumping 30.57% in one day.....an extreme TAPE which cannot last......
AH RFMD ER was a beat & guide UP...UP 4.37% in AH volume of 937,053
AH BRCM ER also was upbeat UP 2.10% in AH volume of 753,759
AH Futures are UP
AH Asian markets are Down
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
BUT...as everybody felt that Greece junk status is another non-event...came selling on volume & took everything Down except Gold......indices & stocks closed near lows of the day.....
S&P 500 took the biggest tumble by being down 2.34% in a single day......volume was highest in a long time in all indices.....
Even IBD went into cautionary rating after close..... saying rally under pressure.......
This selling is a good thing......because it repaired "overbought readings in one day"
Here is the biggest indicator RSI @ close :
S&P 500 48.55
Dow 51.79
Nasdaq 55.37
These RSI numbers takes us all the way back to the week of Feb 16th.....some 10 weeks back....SO...all is not lost with today's major drubbing........
There is a chance that we MAY find footing by close on Wed.....color could be green !!!!!
VIX was the superstar today by jumping 30.57% in one day.....an extreme TAPE which cannot last......
AH RFMD ER was a beat & guide UP...UP 4.37% in AH volume of 937,053
AH BRCM ER also was upbeat UP 2.10% in AH volume of 753,759
AH Futures are UP
AH Asian markets are Down
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
RFMD beats on Top & Bottom line...NICE !!!
RFMD ER was a beat on TOP & Bottom line......in Q4
Sales were $260.8 million vs consensus of $240.2 million
EPS .16 cents vs consensus of .11 cents
Gross Margin came in @ 39.6% & operating Margin @ 18.3%......
Guiding sequential increase in Sales for current Q which is Q1 for 2011.....as they are fully booked for current June Q.....
Guiding Gross margin for 2011 @ 42%.......
Guiding higher Sales & EPS in 2011 compared to 2010...a classic statement of UPOD....
Stock UP .16 cents AH.....cc starts @ 5 PM.....
BLOG does NOT give buy or sell.
Saleem
Sales were $260.8 million vs consensus of $240.2 million
EPS .16 cents vs consensus of .11 cents
Gross Margin came in @ 39.6% & operating Margin @ 18.3%......
Guiding sequential increase in Sales for current Q which is Q1 for 2011.....as they are fully booked for current June Q.....
Guiding Gross margin for 2011 @ 42%.......
Guiding higher Sales & EPS in 2011 compared to 2010...a classic statement of UPOD....
Stock UP .16 cents AH.....cc starts @ 5 PM.....
BLOG does NOT give buy or sell.
Saleem
Stocks selling off on Greece & Portugal downgrades....
Indices are down around 1.50% based on Junk status for Greece by S&P......
Portugal also downgraded.....
Gold UP $6.30
Oil Down $1.90
Canadian $ Down 1.56 cents steepest drop since reaching parity....
VIX shot UP 20.84% to 21.11......
In my portfolio :
Sold CRUS
Sold LDK
Bought CIEN @ $17.87
Bought TER @ $12.77
Portfolio is CIEN,RFMD,RIMM,TER......
RFMD reports AH...expecting a beat & higher than consensus guidance....
CRUS had a beat on Sales & EPS & guidance was way above consensus......Stock UP more than 13%.....
Most stocks are down.....
@ 12.37 following are green :
CRUS,GS,EGO,QID,VXX,VXZ,GG,SNDA,VLO,SNE.
BLOG does NOT give buy or sell.
Saleem
Portugal also downgraded.....
Gold UP $6.30
Oil Down $1.90
Canadian $ Down 1.56 cents steepest drop since reaching parity....
VIX shot UP 20.84% to 21.11......
In my portfolio :
Sold CRUS
Sold LDK
Bought CIEN @ $17.87
Bought TER @ $12.77
Portfolio is CIEN,RFMD,RIMM,TER......
RFMD reports AH...expecting a beat & higher than consensus guidance....
CRUS had a beat on Sales & EPS & guidance was way above consensus......Stock UP more than 13%.....
Most stocks are down.....
@ 12.37 following are green :
CRUS,GS,EGO,QID,VXX,VXZ,GG,SNDA,VLO,SNE.
BLOG does NOT give buy or sell.
Saleem
Monday, April 26, 2010
Indices pulled back @ close from record highs....
All three Indices went to new highs intraday...BUT gave up most of the gains & went lower in S&P 500 & Nasdaq..Dow barely stayed green @ close......
Strength of this market is obvious with new 52 wk highs list as listed below for tonight :
NYSE 647 & Nasdaq 403
& 52 wk Lows were 4 each
RIMM as expected came out with many news on day 1 of their 3 day Wireless Enterprise Symposium know as WES...where each year they showcase products & Vision for coming year...where shorts took control of the stock till 2 PM with partial announcement ...on 12 million shares shorts took the stock down to $68.44 almost a $ below 200 DMA.....BUT @ 2 PM RIMM showcased their new Operating System with a video presentation...OS 6.0 had a WOW factor for most analysts attending including Peter Misek..who had very nice things to say about this OS which comes out in about 6 weeks......On this presentation stock erased all the loss & moved UP $4.37 from low on an impressive volume of 20+ million shares buy program...total volume 32.2 million for the day (daily average volume is 14.06 million share)........This was the most impressive technical turnaround in few hours which I have ever observed.....Not only RIMM went above 200 DMA but also closed above 50 DMA.....
BUT..our famous Jimmy the Cramer "the know all GURU" commented " RIMM should NOT have moved UP & its Operating System is NONSENSE..so sell sell sell......WOW..I am impressed with his hurting short position....is all i can say........who only last week said that RIMM will take out its old HIGH ???
AH TXN ER was a beat & guide UP...UP only 9 cents AH as it was widely expected.....most Semis were UP in sympathy....
AH Futures are green
AH Asia is Down
AH Oil ,Silver Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Strength of this market is obvious with new 52 wk highs list as listed below for tonight :
NYSE 647 & Nasdaq 403
& 52 wk Lows were 4 each
RIMM as expected came out with many news on day 1 of their 3 day Wireless Enterprise Symposium know as WES...where each year they showcase products & Vision for coming year...where shorts took control of the stock till 2 PM with partial announcement ...on 12 million shares shorts took the stock down to $68.44 almost a $ below 200 DMA.....BUT @ 2 PM RIMM showcased their new Operating System with a video presentation...OS 6.0 had a WOW factor for most analysts attending including Peter Misek..who had very nice things to say about this OS which comes out in about 6 weeks......On this presentation stock erased all the loss & moved UP $4.37 from low on an impressive volume of 20+ million shares buy program...total volume 32.2 million for the day (daily average volume is 14.06 million share)........This was the most impressive technical turnaround in few hours which I have ever observed.....Not only RIMM went above 200 DMA but also closed above 50 DMA.....
BUT..our famous Jimmy the Cramer "the know all GURU" commented " RIMM should NOT have moved UP & its Operating System is NONSENSE..so sell sell sell......WOW..I am impressed with his hurting short position....is all i can say........who only last week said that RIMM will take out its old HIGH ???
AH TXN ER was a beat & guide UP...UP only 9 cents AH as it was widely expected.....most Semis were UP in sympathy....
AH Futures are green
AH Asia is Down
AH Oil ,Silver Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices mixed........
Indices are mixed as Nasdaq & S&P 500 down while Dow is UP.......
Gold Down 40 cents
Oil Down 87 cents
Canadian $ Down 16 tick to 99.89 cents US for 1 CAD
Portfolio is CRUS,LDK,RFMD,RIMM
@ 12.28 following are green :
RFMD,CRUS,TER,POT,TC,CREE,SINA,NTES,
MA,LVS,EXPE,ASIA,X,AMZN,FMCN,ICE,WYNN,
NYX,GNK.....
BLOG does NOT give buy or sell.
Saleem
Gold Down 40 cents
Oil Down 87 cents
Canadian $ Down 16 tick to 99.89 cents US for 1 CAD
Portfolio is CRUS,LDK,RFMD,RIMM
@ 12.28 following are green :
RFMD,CRUS,TER,POT,TC,CREE,SINA,NTES,
MA,LVS,EXPE,ASIA,X,AMZN,FMCN,ICE,WYNN,
NYX,GNK.....
BLOG does NOT give buy or sell.
Saleem
Sunday, April 25, 2010
Where the markets are headed by end of the year ????
Markets have proven MOST traders/technicians/experts were WRONG as to how HIGH it will go in the short term.......
Retail investors have MISSED this run in a big way......they are more skittish now as bullish % has dropped in latest survey to only 38% from 48% last week........this type of reading is normal for market LOWS ?????
SO...what is the message of this market....which most traders are NOT getting it......YES..i was BEARISH based on RSI reading for two weeks .....but CHANGED with TAPE in a hurry..as TAPE rules...No matter what your personal thesis maybe......
Market is looking AHEAD & is PREDICTING a BETTER & STABLE economic picture......almost saying that "job GROWTH IS on its way".......
Market is also saying that the JOLT from Oct of 08 to March of 09......WAS a RARE event & we are on the MEND in a hurry......
TAPE has so much MOMENTUM....that ..I will NOT be surprised IF we make NEW HIGHS in S&P 500 & DOW by end of the year........Nasdaq will take another full year to accomplish that.....
IF my thesis is close to reality...then it will be PRUDENT to position with serious due diligence in MANY stocks......
Lot of stocks are recovering from shock of meltdown......& ARE showing serious GROWTH in Sales & EPS........
When TOP line starts showing GROWTH......then you know... we are in economic GROWTH mode.....
Many corporations are RAISING their GUIDANCE mid-way into Q...a sure SIGN of economic resurgence.......
Chips,Base metals are on fire,Smartphone is showing worldwide growth.......Retail & Casino stocks are making series of new HIGHS........sure sign of MANY things have CHANGED for the BETTER.......
SO....reading tea leaf is NOT difficult ANYMORE......this market IS FUNDAMENTALLY driven ..so forget TECHNICALS...they are NOT relevant @ this stage of EARLY economic GROWTH......
YES... I AM extremely bullish based on CHANGED economic picture worldwide.....Central banks worldwide are all set to TIGHTEN interest rates..as they see Solid GROWTH in their economies...China,India,Canada,Australia,Singapore are on a tear NOW.....as early sign of better things to come......
Here is my $/sector allocation:
RIMM 70.97% Tech/Smartphone
LDK 16.48% AE/Solar
CRUS 6.33% Tech
RFMD 6.22% Tech
You must be asking why such a heavy weighting in RIMM.....RIMM has shown ONGOING GROWTH in EPS & Sales ...BUT has NOT managed street expectations like AAPL...UPOD is the game....I expect AAPL & RIMM to be the TWO LEADERS in smartphones...RIMM is working on MANY perceived weakness by bringing new OS,Phones & other innovations...RIMM will remain in the lead of worldwide market share with AAPL being #2.....thus my aggressive bet in RIMM....RIMM is expected to earn $5.42 this year..so it is trading @ 13.02 PE & Sales is expected to grow @ 26.50% to $18.92 Billion.....
Good luck in your OWN strategy & expectations of current market cycle.
BLOG does NOT give buy or sell.
Saleem
Retail investors have MISSED this run in a big way......they are more skittish now as bullish % has dropped in latest survey to only 38% from 48% last week........this type of reading is normal for market LOWS ?????
SO...what is the message of this market....which most traders are NOT getting it......YES..i was BEARISH based on RSI reading for two weeks .....but CHANGED with TAPE in a hurry..as TAPE rules...No matter what your personal thesis maybe......
Market is looking AHEAD & is PREDICTING a BETTER & STABLE economic picture......almost saying that "job GROWTH IS on its way".......
Market is also saying that the JOLT from Oct of 08 to March of 09......WAS a RARE event & we are on the MEND in a hurry......
TAPE has so much MOMENTUM....that ..I will NOT be surprised IF we make NEW HIGHS in S&P 500 & DOW by end of the year........Nasdaq will take another full year to accomplish that.....
IF my thesis is close to reality...then it will be PRUDENT to position with serious due diligence in MANY stocks......
Lot of stocks are recovering from shock of meltdown......& ARE showing serious GROWTH in Sales & EPS........
When TOP line starts showing GROWTH......then you know... we are in economic GROWTH mode.....
Many corporations are RAISING their GUIDANCE mid-way into Q...a sure SIGN of economic resurgence.......
Chips,Base metals are on fire,Smartphone is showing worldwide growth.......Retail & Casino stocks are making series of new HIGHS........sure sign of MANY things have CHANGED for the BETTER.......
SO....reading tea leaf is NOT difficult ANYMORE......this market IS FUNDAMENTALLY driven ..so forget TECHNICALS...they are NOT relevant @ this stage of EARLY economic GROWTH......
YES... I AM extremely bullish based on CHANGED economic picture worldwide.....Central banks worldwide are all set to TIGHTEN interest rates..as they see Solid GROWTH in their economies...China,India,Canada,Australia,Singapore are on a tear NOW.....as early sign of better things to come......
Here is my $/sector allocation:
RIMM 70.97% Tech/Smartphone
LDK 16.48% AE/Solar
CRUS 6.33% Tech
RFMD 6.22% Tech
You must be asking why such a heavy weighting in RIMM.....RIMM has shown ONGOING GROWTH in EPS & Sales ...BUT has NOT managed street expectations like AAPL...UPOD is the game....I expect AAPL & RIMM to be the TWO LEADERS in smartphones...RIMM is working on MANY perceived weakness by bringing new OS,Phones & other innovations...RIMM will remain in the lead of worldwide market share with AAPL being #2.....thus my aggressive bet in RIMM....RIMM is expected to earn $5.42 this year..so it is trading @ 13.02 PE & Sales is expected to grow @ 26.50% to $18.92 Billion.....
Good luck in your OWN strategy & expectations of current market cycle.
BLOG does NOT give buy or sell.
Saleem
Saturday, April 24, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
RIMM,LDK,CRUS,RFMD,TCK,APWR,RMBS,AEM,UIS,
CNXT,ESLR,JRCC,DSX,EK,HIG,IAG,JBL,LVS,MGM,
GNK.......
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
RIMM,LDK,CRUS,RFMD,TCK,APWR,RMBS,AEM,UIS,
CNXT,ESLR,JRCC,DSX,EK,HIG,IAG,JBL,LVS,MGM,
GNK.......
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, April 23, 2010
Record high close in Indices...NICE !!!!
All major Indices closed @ record high......
Generally Friday is a weak day.... but today a record high close.....
Gold ,Oil,Canadian $ all rallied into close.
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
Generally Friday is a weak day.... but today a record high close.....
Gold ,Oil,Canadian $ all rallied into close.
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
Indices near unchanged......
Indices are facing weekend selling but absorbing nicely.......remaining near unchanged levels.
Gold UP $12.30
Oil UP 82 cents
Canadian $ Down 18 tick to 99.72
Portfolio is CRUS,LDK,RFMD,RIMM.....
@ 12.01 following are green :
RVBD,SNDK,CIEN,EGO,SLW,TC,SOHU,RCI,
BIDU,MA,IBN,AAPL,IAG,GNK,MRVL,GG,
SNDA,CTRN,LULU,IGT,WYNN,AEM....
BLOG does NOT give buy or sell.
Saleem
Gold UP $12.30
Oil UP 82 cents
Canadian $ Down 18 tick to 99.72
Portfolio is CRUS,LDK,RFMD,RIMM.....
@ 12.01 following are green :
RVBD,SNDK,CIEN,EGO,SLW,TC,SOHU,RCI,
BIDU,MA,IBN,AAPL,IAG,GNK,MRVL,GG,
SNDA,CTRN,LULU,IGT,WYNN,AEM....
BLOG does NOT give buy or sell.
Saleem
Thursday, April 22, 2010
Green close AGAIN.....NICE !!!!
Indices are showing their resiliency by erasing all losses by close......
As ..i have been highlighting..watch how we close.....
Friday could be no different ......
In my portfolio :
Sold TER
Doubled my position in RIMM @ $70.58....now 71% of my portfolio...not recommended to others to have such a heavy weighting...as i can monitor every tick & can trade out in nano-second.....
Portfolio is CRUS,LDK,RFMD,RIMM......
AH AMZN was a beat..... BUT margin in guidance became an issue..down almost $10 in AH volume of 3.97 million shares.....it was overbought big time.....
AH MSFT was a beat.... but it was down 41 cents in AH volume of 13.13 million shares...
AH RVBD was a beat stock UP 69 cents in AH volume of 27,471 shares.....
AH Futures are Down
AH Nikkei & Singapore Down...
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
As ..i have been highlighting..watch how we close.....
Friday could be no different ......
In my portfolio :
Sold TER
Doubled my position in RIMM @ $70.58....now 71% of my portfolio...not recommended to others to have such a heavy weighting...as i can monitor every tick & can trade out in nano-second.....
Portfolio is CRUS,LDK,RFMD,RIMM......
AH AMZN was a beat..... BUT margin in guidance became an issue..down almost $10 in AH volume of 3.97 million shares.....it was overbought big time.....
AH MSFT was a beat.... but it was down 41 cents in AH volume of 13.13 million shares...
AH RVBD was a beat stock UP 69 cents in AH volume of 27,471 shares.....
AH Futures are Down
AH Nikkei & Singapore Down...
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
.61% to .79% pullback in Indices......
Overbought conditions & Greece seems to be @ play in minor retracement.....
Oil Down 72 cents
Gold Down $14.40
Canadian $ Down 14 tick to 99.88 cents US for 1 CAD
Portfolio is CRUS,LDK,RFMD,RIMM,TER....
AMZN reports AH..expecting a beat & guide UP......
@ 12.35 following are green :
TER,LDK,SNDK,TCK,MU,TSL,SOLF,
CREE,BIDU,NDN,V,M,LVS,X,AMZN,
ICE,LULU,WYNN,ABX,FSLR,ISRG,
GNK,ASIA.....
BLOG does NOT give buy or sell.
Saleem
Oil Down 72 cents
Gold Down $14.40
Canadian $ Down 14 tick to 99.88 cents US for 1 CAD
Portfolio is CRUS,LDK,RFMD,RIMM,TER....
AMZN reports AH..expecting a beat & guide UP......
@ 12.35 following are green :
TER,LDK,SNDK,TCK,MU,TSL,SOLF,
CREE,BIDU,NDN,V,M,LVS,X,AMZN,
ICE,LULU,WYNN,ABX,FSLR,ISRG,
GNK,ASIA.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 21, 2010
Dow & Nasdaq closed green....NICE !!!!
Indices fought profit taking whole day......BUT Dow & Nasdaq showed relative strength by closing in Green while S&P 500 missed it by a single point......
Strength of any market is determined by "how we close".....so keep an eye on close.....
There is lot of NOISE in the market based on bad ER...pay attention to good ER & its "beneficiaries"
In my portfolio :
Sold MU
Doubled TER position.....@ $12.00
Portfolio is CRUS,LDK,RFMD,RIMM,TER.......
AH ER was a mixed bag as listed below :
TER ER & Guidance very good UP 9.11%
SNDK ER was a blowout UP 6.76%
QCOM was BAD....Down 8.28%
EBAY BAD..Down 8.48%
SBUX raised guidance UP 1.65%
LRCX Down 2.48%
AH Futures are Down
AH Nikkei Down
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
Strength of any market is determined by "how we close".....so keep an eye on close.....
There is lot of NOISE in the market based on bad ER...pay attention to good ER & its "beneficiaries"
In my portfolio :
Sold MU
Doubled TER position.....@ $12.00
Portfolio is CRUS,LDK,RFMD,RIMM,TER.......
AH ER was a mixed bag as listed below :
TER ER & Guidance very good UP 9.11%
SNDK ER was a blowout UP 6.76%
QCOM was BAD....Down 8.28%
EBAY BAD..Down 8.48%
SBUX raised guidance UP 1.65%
LRCX Down 2.48%
AH Futures are Down
AH Nikkei Down
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
TER ER was a "blowout"......NICE !!!!
TER ER was a beat on Sales & EPS ..... Guidance is "super strong"...
Here are the numbers :
Q1 Sales $330 million vs consensus of $302.74 million a beat by 9%
EPS 33 cents vs consensus of 23 cents beat by 43.5%
Q2 guidance Sales $390 million to $420 million vs consensus of $314.98 million ..exceeding guidance by $75 million to $105 million
Q2 guidance EPS 45 cents to 52 cents vs consensus of 24 cents..exceeding guidance by 21 cents to 28 cents......
TER stock UP in AH trading by $1.02 on bid or 8.37%......
BLOG does NOT give buy or sell.
Saleem
Here are the numbers :
Q1 Sales $330 million vs consensus of $302.74 million a beat by 9%
EPS 33 cents vs consensus of 23 cents beat by 43.5%
Q2 guidance Sales $390 million to $420 million vs consensus of $314.98 million ..exceeding guidance by $75 million to $105 million
Q2 guidance EPS 45 cents to 52 cents vs consensus of 24 cents..exceeding guidance by 21 cents to 28 cents......
TER stock UP in AH trading by $1.02 on bid or 8.37%......
BLOG does NOT give buy or sell.
Saleem
Indices GREEN Again......NICE !!!!
Indices are green again after fighting morning profit taking......
Buy on the dip is working like a charm......
Gold Up $3.30
Oil UP 20 cents
Canadian $ UP 12 tick to 100.24 Cents US for 1 CAD... record high in two years.....
In my portfolio :
Bought RFMD @ $5.50
Portfolio is CRUS,LDK,MU,RFMD,RIMM,TER....
TER report AH @ 630 PM EDT..cc On Thursday 10 AM EDT...expecting a beat & guide UP....
@ 12.44 following are green :
CRUS,AAPL,JDSU,IAG,EGO,SLW,TCK,
GOOG,MS,GS,SOL,GG,AMZN,SNDA,
CTRN,AEM,ABX,FWLT....
BLOG does NOT give buy or sell.
Saleem
Buy on the dip is working like a charm......
Gold Up $3.30
Oil UP 20 cents
Canadian $ UP 12 tick to 100.24 Cents US for 1 CAD... record high in two years.....
In my portfolio :
Bought RFMD @ $5.50
Portfolio is CRUS,LDK,MU,RFMD,RIMM,TER....
TER report AH @ 630 PM EDT..cc On Thursday 10 AM EDT...expecting a beat & guide UP....
@ 12.44 following are green :
CRUS,AAPL,JDSU,IAG,EGO,SLW,TCK,
GOOG,MS,GS,SOL,GG,AMZN,SNDA,
CTRN,AEM,ABX,FWLT....
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 20, 2010
Indices closed near High Of The Day....NICE !!!
Indices are on a roll AGAIN.....
All Indices closed near high of the day...
All Indices are getting ready to make new high of the year....
AH AAPL ER was a beat & guidance on Sales was higher than consensus..stock UP $13 on 5+ million shares in AH....
AH YHOO ER was a miss on Sales Down 65 cents AH
AH VMW ER was a beat & guided higher than consensus UP 23 cents AH on 500K+ shares.
AH CSIQ guided lower margins & guided for Forex loss..stock down 8.53% AH..may affect all solar in Wed trading INITIALLY....
AH Futures are UP
AH Nikkei & Singapore UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
All Indices closed near high of the day...
All Indices are getting ready to make new high of the year....
AH AAPL ER was a beat & guidance on Sales was higher than consensus..stock UP $13 on 5+ million shares in AH....
AH YHOO ER was a miss on Sales Down 65 cents AH
AH VMW ER was a beat & guided higher than consensus UP 23 cents AH on 500K+ shares.
AH CSIQ guided lower margins & guided for Forex loss..stock down 8.53% AH..may affect all solar in Wed trading INITIALLY....
AH Futures are UP
AH Nikkei & Singapore UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
All Indices GREEN.....NICE !!!!
Green is the color everywhere.....
GS ER was a blockbuster....but stock is down.....
Gold Up $4.40
Oil UP $2.02
Canadian $ "way UP"..as Canadian Central bank has hinted that it is ready to hike interest rate..first G7 country to do that...another sign that worldwide economy is getting stronger...Canadian $ is higher than US again ..100.20 US for 1 CAD.....went as high as 100.24 currently UP 1.68 cent...a huge move UP
In my portfolio :
Bought CRUS @ $10.02
Portfolio is CRUS,LDK,MU,RIMM,TER
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
GS ER was a blockbuster....but stock is down.....
Gold Up $4.40
Oil UP $2.02
Canadian $ "way UP"..as Canadian Central bank has hinted that it is ready to hike interest rate..first G7 country to do that...another sign that worldwide economy is getting stronger...Canadian $ is higher than US again ..100.20 US for 1 CAD.....went as high as 100.24 currently UP 1.68 cent...a huge move UP
In my portfolio :
Bought CRUS @ $10.02
Portfolio is CRUS,LDK,MU,RIMM,TER
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
Monday, April 19, 2010
Green close in Dow & S&P 500....NICE !!!!
I am sure lot of reader of this BLOG thought that i am out to lunch in suggesting on Sunday that "we could close green" on Monday....well.... here we are... green close in Dow & S&P 500 & barely red in Nasdaq...
Market TAPE has been incredible since Feb support ........
To fight this TAPE will be "totally pre-mature"....
This TAPE still has "major momentum".......it is strictly stock specific..a sign of strong bull market......
Green stocks included C,SOL,PWRD,RCI,ISRG,GS,EGO,
AMZN,ASIA,YHOO.....
AH IBM ER was weak...stock down $3.06 AH ..AH volume of 1.85 million shares...
GS reports before Open & AAPL AH...both will beat ..but guidance from AAPL is always below consensus.........
AH Futures are mixed
AH Nikkei & Singapore UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Market TAPE has been incredible since Feb support ........
To fight this TAPE will be "totally pre-mature"....
This TAPE still has "major momentum".......it is strictly stock specific..a sign of strong bull market......
Green stocks included C,SOL,PWRD,RCI,ISRG,GS,EGO,
AMZN,ASIA,YHOO.....
AH IBM ER was weak...stock down $3.06 AH ..AH volume of 1.85 million shares...
GS reports before Open & AAPL AH...both will beat ..but guidance from AAPL is always below consensus.........
AH Futures are mixed
AH Nikkei & Singapore UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices Down from .09% to .98%.....
Dow is behaving the best by being down slightly...while Nasdaq is weaker by being down .98%
Indices made it to Green earlier but went red after that.....
Gold Down $1.60
Oil Down $2.12
Canadian $ Down 51 tick to 98.10
In my portfolio :
Added 75% more LDK @ $ 7.74
Portfolio is LDK,MU,RIMM,TER......
Most stocks are down.....
Following are green @ 12.47 :
C,PWRD,RCI,ISRG,QID,VXX,VXZ,
ICE,NDAQ,SNE....
BLOG does NOT give buy or sell.
Saleem
Indices made it to Green earlier but went red after that.....
Gold Down $1.60
Oil Down $2.12
Canadian $ Down 51 tick to 98.10
In my portfolio :
Added 75% more LDK @ $ 7.74
Portfolio is LDK,MU,RIMM,TER......
Most stocks are down.....
Following are green @ 12.47 :
C,PWRD,RCI,ISRG,QID,VXX,VXZ,
ICE,NDAQ,SNE....
BLOG does NOT give buy or sell.
Saleem
Sunday, April 18, 2010
Was Friday start of a major correction ????
Friday was Option Expiry.......
Going into Friday traders,investors were most optimistic since Jan 2010....
Option players were most optimistic since July 2007...put call ratios were off the chart.....
So..... SEC & GS decided that MM of most options which is GS.... needs a break....some are estimating that GS benefited to the tune of $1 billion in making market in options on Wed & Thursday....???
This windfall of $1 billion should help in settling SEC case..where a slap on the wrist solution is the probable outcome....
SO..let us leave the "conspiracy theory behind" & look @ the potential scenario for market....
Friday selling was "overdue".....based on RSI reading which was flashing DANGER for a while with Thursday's reading was SCARY.......
RSI reading is listed in comparative form for Thursday vs Friday :
Dow 76.28....62.37
S&P 500 78.60...60.93
Nasdaq 82.57...68.39
As you can see that RSI has corrected in a HUGE way in one day from 14 to 18 points......which bodes well for giving support to the market....
IF we all understand that..... this correction was more than OVERDUE & GS gave a very good excuse to book profit......
GS is NOT a market event...but was a "trigger" for swift profit taking........
Lot of STOPS were taken out in many stocks.........
BUT...by the end of the day MANY stocks were down around 1% to 2% only.......
YES..Financials will be under "cloud" for few days.....BUT will come back also in matter of weeks.......
SO...Friday was a "positive development" to correct technical OVERBOUGHT conditions.......
Most stocks are still in healthy mode & should move back UP quickly....
Technology looked particularly strong despite GOOG big dive........
INTC & other techs are more of an indicator than GOOG as to the strength of that sector...look @ AAPL..it barely went down......
SO...the moral of the story is ..Friday's correction gave another opportunity to buy the dips in strong sectors where tech is the leader ......
Monday...... close could be GREEN......
Here is my $ & sector allocation :
RIMM 42.56% Tech
MU 30.41% Tech
TER 18.11% Tech
LDK 8.92% Solar
I have allocated 50% funds to the market from my previous 20%...YES it will remain a trading market where profit needs to be booked.....unless you want to risk it for long term gain.....a strategy which has worked better than trading....
Many earning report is due in next few weeks...with AAPL on Tuesday....AAPL ER should be a "blowout".....which will be very good for techs in particular.......
SO..do your OWN due diligence & have your OWN view of the market.Being diversified & overweight in tech should work out.
BLOG does NOT give buy or sell.
Saleem
Going into Friday traders,investors were most optimistic since Jan 2010....
Option players were most optimistic since July 2007...put call ratios were off the chart.....
So..... SEC & GS decided that MM of most options which is GS.... needs a break....some are estimating that GS benefited to the tune of $1 billion in making market in options on Wed & Thursday....???
This windfall of $1 billion should help in settling SEC case..where a slap on the wrist solution is the probable outcome....
SO..let us leave the "conspiracy theory behind" & look @ the potential scenario for market....
Friday selling was "overdue".....based on RSI reading which was flashing DANGER for a while with Thursday's reading was SCARY.......
RSI reading is listed in comparative form for Thursday vs Friday :
Dow 76.28....62.37
S&P 500 78.60...60.93
Nasdaq 82.57...68.39
As you can see that RSI has corrected in a HUGE way in one day from 14 to 18 points......which bodes well for giving support to the market....
IF we all understand that..... this correction was more than OVERDUE & GS gave a very good excuse to book profit......
GS is NOT a market event...but was a "trigger" for swift profit taking........
Lot of STOPS were taken out in many stocks.........
BUT...by the end of the day MANY stocks were down around 1% to 2% only.......
YES..Financials will be under "cloud" for few days.....BUT will come back also in matter of weeks.......
SO...Friday was a "positive development" to correct technical OVERBOUGHT conditions.......
Most stocks are still in healthy mode & should move back UP quickly....
Technology looked particularly strong despite GOOG big dive........
INTC & other techs are more of an indicator than GOOG as to the strength of that sector...look @ AAPL..it barely went down......
SO...the moral of the story is ..Friday's correction gave another opportunity to buy the dips in strong sectors where tech is the leader ......
Monday...... close could be GREEN......
Here is my $ & sector allocation :
RIMM 42.56% Tech
MU 30.41% Tech
TER 18.11% Tech
LDK 8.92% Solar
I have allocated 50% funds to the market from my previous 20%...YES it will remain a trading market where profit needs to be booked.....unless you want to risk it for long term gain.....a strategy which has worked better than trading....
Many earning report is due in next few weeks...with AAPL on Tuesday....AAPL ER should be a "blowout".....which will be very good for techs in particular.......
SO..do your OWN due diligence & have your OWN view of the market.Being diversified & overweight in tech should work out.
BLOG does NOT give buy or sell.
Saleem
Saturday, April 17, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
RIMM,TER,MU,LDK,ASIA,STX,PENN,
WDC,STEC,ALU,CIEN,JDSU,MRVL,
GOOG,TSL,POT,TCK,CREE,IBN,V,
AAPL,AMCC,FNSR,FMCN,RFMD....
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
RIMM,TER,MU,LDK,ASIA,STX,PENN,
WDC,STEC,ALU,CIEN,JDSU,MRVL,
GOOG,TSL,POT,TCK,CREE,IBN,V,
AAPL,AMCC,FNSR,FMCN,RFMD....
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, April 16, 2010
S&P 500 closed Down 1.61%......
Indices took a pounding on GS indictment.....S&P 500 was the weakest by slumping 1.61%.....
SEC wanted major impact on this charge ..so they released this info after 1 hour of trading on Option Expiry day......NOT an investor friendly approach as all portfolio took a huge hit.....
In my portfolio :
Bought RIMM @ $72.08
Portfolio is LDK,MU,RIMM,TER.....
I have increased my exposure to 50%
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
SEC wanted major impact on this charge ..so they released this info after 1 hour of trading on Option Expiry day......NOT an investor friendly approach as all portfolio took a huge hit.....
In my portfolio :
Bought RIMM @ $72.08
Portfolio is LDK,MU,RIMM,TER.....
I have increased my exposure to 50%
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
1.30% to 1.83% slump on GS Fraud charges.....
SEC finally is showing some backbone by charging GS with fraud.....GS is charged for selling Mortgage backed securities and allowing its preferred client to short @ the same time.....???
Indices are slumping up to 1.83% so far.......
Option Expiry was going pretty well & we made it to green..until GS news hit the wire....down we went in a hurry......
GS down $25+
GOOG Down $39+
ISRG Down $18+
BIDU Down $14+
AAPL Down $3.89
TSL Down $1.53
CSIQ Down $1.65
RIMM Down $1.35
TCK Down $2.18
Majority of stocks are Down from 3% to 7%
Gold Down $27.40
Oil Down $2.50
Canadian $ Down 1.12 cent to 98.53 US for 1 CAD.......
In my portfolio :
Sold SLW
Bought LDK @ $8.05
Portfolio is LDK,MU,TER......
BLOG Does NOT give buy or sell.
Saleem
Indices are slumping up to 1.83% so far.......
Option Expiry was going pretty well & we made it to green..until GS news hit the wire....down we went in a hurry......
GS down $25+
GOOG Down $39+
ISRG Down $18+
BIDU Down $14+
AAPL Down $3.89
TSL Down $1.53
CSIQ Down $1.65
RIMM Down $1.35
TCK Down $2.18
Majority of stocks are Down from 3% to 7%
Gold Down $27.40
Oil Down $2.50
Canadian $ Down 1.12 cent to 98.53 US for 1 CAD.......
In my portfolio :
Sold SLW
Bought LDK @ $8.05
Portfolio is LDK,MU,TER......
BLOG Does NOT give buy or sell.
Saleem
Thursday, April 15, 2010
Highest close in all Indices...NICE !!!!
Indices ended up green @ close after fighting jobless claim which was less than robust.
AH GOOG , ISRG & AMD reported a beat....but they were being sold off ....
GOOG ended lower by $29.10 in AH volume of 1.95 million
AMD ended lower by 4.82% in AH volume of 4.97 million
ISRG ended lower by $8.01 in AH volume of 315,741
RSI is @ highest level .... Dow 76.28...S&P 500 78.60...Nasdaq 82.57
Option Expiry is tomorrow..so expect usual MM dictating market/prices.....
AH Futures are RED
AH Nikkei is Down
AH Oil,Gold, Silver Down
BLOG does NOT give buy or sell.
Saleem
AH GOOG , ISRG & AMD reported a beat....but they were being sold off ....
GOOG ended lower by $29.10 in AH volume of 1.95 million
AMD ended lower by 4.82% in AH volume of 4.97 million
ISRG ended lower by $8.01 in AH volume of 315,741
RSI is @ highest level .... Dow 76.28...S&P 500 78.60...Nasdaq 82.57
Option Expiry is tomorrow..so expect usual MM dictating market/prices.....
AH Futures are RED
AH Nikkei is Down
AH Oil,Gold, Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices digesting gains......
Indices are marking time before "resuming" its uptrend....
Nasdaq remains green ...strongest index......bodes well for overall market....
Gold UP 70 cents
Oil Down 49 cents
Canadian $ Down 19 tick to 99.88 US for 1 CAD
In my portfolio :
Added 50% MU @ $11.15
Portfolio is MU,SLW,TER.....
@ 12.25 following are green :
SLW,TSL,LDK,CRUS,POT,AAPL,GOOG,
SOLF,CSIQ,STP,GE,RCI,ISRG,BIDU,AMZN,
LULU,FUQI,APWR,FSLR,VAR.....
BLOG does NOT give buy or sell.
Saleem
Nasdaq remains green ...strongest index......bodes well for overall market....
Gold UP 70 cents
Oil Down 49 cents
Canadian $ Down 19 tick to 99.88 US for 1 CAD
In my portfolio :
Added 50% MU @ $11.15
Portfolio is MU,SLW,TER.....
@ 12.25 following are green :
SLW,TSL,LDK,CRUS,POT,AAPL,GOOG,
SOLF,CSIQ,STP,GE,RCI,ISRG,BIDU,AMZN,
LULU,FUQI,APWR,FSLR,VAR.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 14, 2010
Record close AGAIN......NICE !!!!
Indices are @ the highest level in almost 21 months......
S&P 500 crossed much feared 1200 mark with ease & closed above....
Volume was highest in a while...
Internals were solid...
New 52 wk highs expanded to highest level..587 in NYSE & 353 in Nasdaq...
RSI is @ highest.....Dow 75.41...S&P 500 78.29....Nasdaq 81.45.....
Few minutes ago Chinese GDP came in @ 11.9% above consensus of 11.5%.....so... get set for another strong day worldwide...
In my portfolio :
Sold RIMM
Bought SLW @ $17.36
Bought MU @ $ 11.31
Portfolio is MU,SLW,TER......
AH Futures Red...before Chinese GDP impact
AH Nikkei,Singapore & Hang Seng UP
AH Oil UP
AH Silver UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 crossed much feared 1200 mark with ease & closed above....
Volume was highest in a while...
Internals were solid...
New 52 wk highs expanded to highest level..587 in NYSE & 353 in Nasdaq...
RSI is @ highest.....Dow 75.41...S&P 500 78.29....Nasdaq 81.45.....
Few minutes ago Chinese GDP came in @ 11.9% above consensus of 11.5%.....so... get set for another strong day worldwide...
In my portfolio :
Sold RIMM
Bought SLW @ $17.36
Bought MU @ $ 11.31
Portfolio is MU,SLW,TER......
AH Futures Red...before Chinese GDP impact
AH Nikkei,Singapore & Hang Seng UP
AH Oil UP
AH Silver UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices in record ground AGAIN...NICE !!!!!
Thanks to INTC......Nasdaq is on fire.......UP the most + 1.15%
All Indices are in record territory......
Gold Up $5.80
Oil UP $2.12
Canadian $ UP into record high ..ABOVE US$ 33 tick HIgher than US @ 100.33 cents US for 1 CAD.....
In my portfolio :
Sold MU
Bought RIMM @ $71.98
Portfolio is RIMM,TER.......
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
All Indices are in record territory......
Gold Up $5.80
Oil UP $2.12
Canadian $ UP into record high ..ABOVE US$ 33 tick HIgher than US @ 100.33 cents US for 1 CAD.....
In my portfolio :
Sold MU
Bought RIMM @ $71.98
Portfolio is RIMM,TER.......
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 13, 2010
Another record close....NICE !!!!
Indices were in green AGAIN @ close......
Indices are anticipating "better economy"..thus another record close in all Indices....
AH INTC lit up the fire in many tech stocks.....with its great ER which was a beat & guide UP.....many experts are used to last Q ER when everything sold off....this is new Q & it is NOT going to copycat last Q......
AH INTC UP 3.95% in AH volume of 19.80 million shares....new 52 wk HIGH
AH TER UP 3.32% trading @ new 52 wk HIGH
AH MU UP .93%
AH SNDK UP 1.06%
AH LRCX UP 1.76%
AH MRVL UP 1.72%
RSI remains HIGH..Dow 70.58...S&P 500 73.74...Nasdaq 76.37
AH Futures are UP
AH Nikkei & Singapore UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices are anticipating "better economy"..thus another record close in all Indices....
AH INTC lit up the fire in many tech stocks.....with its great ER which was a beat & guide UP.....many experts are used to last Q ER when everything sold off....this is new Q & it is NOT going to copycat last Q......
AH INTC UP 3.95% in AH volume of 19.80 million shares....new 52 wk HIGH
AH TER UP 3.32% trading @ new 52 wk HIGH
AH MU UP .93%
AH SNDK UP 1.06%
AH LRCX UP 1.76%
AH MRVL UP 1.72%
RSI remains HIGH..Dow 70.58...S&P 500 73.74...Nasdaq 76.37
AH Futures are UP
AH Nikkei & Singapore UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
INTC beats on Sales & EPS...NICE !!!!
INTC ER was a beat on Sales & EPS & IS guiding HIGHER than consensus on Sales ,Margin...
Q1 sales consensus $9.8 billion..... actual $10.3 billion
Q1 EPS consensus 38 cents ....actual 43 cents
Guidance Sales $10.2 Billion.....consensus $9.69 Billion
Gross margin for 2010 Guidance 64% vs previous guidance of 61%......
Capital Spending for 2010 $4.8 billion...which benefits chip equipment makers like TER,LRCX etc.....
INTC UP AH by .87 cents
Chip stocks UP in sympathy....like MU,TER,MRVL etc.....
BLOG does NOT give buy or sell.
Saleem
Q1 sales consensus $9.8 billion..... actual $10.3 billion
Q1 EPS consensus 38 cents ....actual 43 cents
Guidance Sales $10.2 Billion.....consensus $9.69 Billion
Gross margin for 2010 Guidance 64% vs previous guidance of 61%......
Capital Spending for 2010 $4.8 billion...which benefits chip equipment makers like TER,LRCX etc.....
INTC UP AH by .87 cents
Chip stocks UP in sympathy....like MU,TER,MRVL etc.....
BLOG does NOT give buy or sell.
Saleem
Small pullback in Indices.......
Indices are slightly lower on "overbought condition"
Gold Down $11.10
Oil Down $1.13
Canadian $ Down 4 tick to 99.66
In my portfolio :
Sold AGU
Bought MU $10.73
Bought TER @ $11.45
Portfolio is MU & TER
@ 12.15 following are green :
GOOG,RIMM,GS,SOLF,LDK,SOL,GE,
ISRG,NVDA,M,LVS,EXPE,CTRN,WYNN....
INTC reports AH..expecting a beat & guide UP...which should help Techs & chip equipment makers like TER,LRCX,KLAC,KLIC,CYMR,NVLS.....
BLOG does NOT give buy or sell.
Saleem
Gold Down $11.10
Oil Down $1.13
Canadian $ Down 4 tick to 99.66
In my portfolio :
Sold AGU
Bought MU $10.73
Bought TER @ $11.45
Portfolio is MU & TER
@ 12.15 following are green :
GOOG,RIMM,GS,SOLF,LDK,SOL,GE,
ISRG,NVDA,M,LVS,EXPE,CTRN,WYNN....
INTC reports AH..expecting a beat & guide UP...which should help Techs & chip equipment makers like TER,LRCX,KLAC,KLIC,CYMR,NVLS.....
BLOG does NOT give buy or sell.
Saleem
Monday, April 12, 2010
Highest close in all Indices...NICE !!!!
All the Indices are sitting @ highest level in 19 months.....
VIX tumbled to 15.58 new 52 wk low & multi-year low.....
AH AA ER was a downer as usual......Down .55% in AH volume of 3.06 million shares.....
In my portfolio :
Sold RIMM
Sold TER
Sold MU
Portfolio is AGU only......
This is the first time that I had 4 profitable trades in one day EVER & NEVER traded 4 stocks in one day .....early in the morning i sold TC......Sold all my shares either @ highs of the day or 1 cent less...Not bad $$$$
WHY..this kind of trading.....technicals are scaring me in ignoring profits......
I will be going back to 20% exposure only from hereon......
WHY 20% exposure only.....because of technicals ..I want to limit my exposure.....
RSI is.... Dow 69.87...S&P 500 73.43...Nasdaq 75.04
AH Futures are RED
AH Nikkei is Down
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
VIX tumbled to 15.58 new 52 wk low & multi-year low.....
AH AA ER was a downer as usual......Down .55% in AH volume of 3.06 million shares.....
In my portfolio :
Sold RIMM
Sold TER
Sold MU
Portfolio is AGU only......
This is the first time that I had 4 profitable trades in one day EVER & NEVER traded 4 stocks in one day .....early in the morning i sold TC......Sold all my shares either @ highs of the day or 1 cent less...Not bad $$$$
WHY..this kind of trading.....technicals are scaring me in ignoring profits......
I will be going back to 20% exposure only from hereon......
WHY 20% exposure only.....because of technicals ..I want to limit my exposure.....
RSI is.... Dow 69.87...S&P 500 73.43...Nasdaq 75.04
AH Futures are RED
AH Nikkei is Down
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
All indices @ new HIGH..Dow above 11,000...NICE !!!
Indices are making new highs AGAIN.....
Dow @ 11,019......not much resistance @ 11k.....
Gold UP $4.30
Oil UP 32 cents
Canadian $ UP 39 tick to 99.84 US for 1 CAD
In my portfolio :
Sold TC ...
Bought TER..a chip equipment maker trading @ next year PE of 9.64..paid $11.18
Portfolio is AGU,RIMM,MU,TER......
@ 12.11 following are green :
RIMM,TER,MU,SLW,GOOG,EGO,GG,TC,
SINA,BIDU,ISRG,EXPE,AAPL,PALM,TSL,
ICE,LULU,NYX,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Dow @ 11,019......not much resistance @ 11k.....
Gold UP $4.30
Oil UP 32 cents
Canadian $ UP 39 tick to 99.84 US for 1 CAD
In my portfolio :
Sold TC ...
Bought TER..a chip equipment maker trading @ next year PE of 9.64..paid $11.18
Portfolio is AGU,RIMM,MU,TER......
@ 12.11 following are green :
RIMM,TER,MU,SLW,GOOG,EGO,GG,TC,
SINA,BIDU,ISRG,EXPE,AAPL,PALM,TSL,
ICE,LULU,NYX,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Sunday, April 11, 2010
Why market is defying short term technical indicators ????
Market goes through many changes as it transitions from "fear based trading to more stable & uptrending environment"
We were too used to fear based "short term trading" since March of 09......
Market is FUNDAMENTAL based..... NOT technical anymore......
For over four weeks now that we have stayed above RSI which deemed "unattainable" based on extreme short term trading or past history........
Last four weeks of above norm RSI which is being sustained is a "new phenomenon" & everybody is struggling with that..calling for caution & correction of severe magnitude.....BUT it is NOT happening ????
Ever since the low of Feb 8th.....10 DMA has tracked nicely & S&P 500 have stayed above..this proves that selling has been almost non-existent or absorbed easily for last 8 weeks......this was the period that short term traders almost gave up on this market or went NEGATIVE & had BEARISH posture...
Last eight weeks have been a "turning point" for this market.......market TAPE has become stable & UPTRENDING.....
Retail investors as of April 8th reading is only 43% bullish..which is lower than 49% bullish @ the start of 2010......when we started the last correction of 10% in this market......
SO...what has changed ????
Market TAPE is predicting a new environment of stable & sustained growth in worldwide economy...minor issues like Greece will be absorbed without impacting overall trend......
Market is PREDICTING better economy than us mortals whose consensus estimates keeps changing with each stat.........
IF market TAPE is predicting sustained GROWTH worldwide & ignoring all the NOISE...then this COULD be the biggest bull market in a long time.....
Dow 11,000 or S&P 500 1200 COULD be history in a hurry.....
TAPE has forced me to change my mind since end of March when i sold VXX & QID shortly after.....writing was on the wall saying pay attention to tape.... market goes HIGHER....which continues till this day....
YES..RSI is @ the highest point in last 12 months..but if you look @ RSI for last three years it is @ an average level of slightly above 50 and high in 3 years is above 70....so lot more room on the upside.....
For my OWN trading ...I have increased my exposure to market to 50% with strong bullish bias....
YES..there is Option Expiry this week which may give another buying opportunity for a day or so..but "trend remains your friend"
Nobody can tell where we go from here exactly ...BUT TAPE is decidedly bullish.......
The biggest change is for me that.... I am taking a longer term view in my stock selections NOW..........with strong emphasis on fundamentals of each company i evaluate or buy...
Here is my $ allocation of my portfolio with fundamental analysis :
AGU.. 37.12% AG next year PE 11.71
RIMM 28.13% Tech next year PE 11.80
MU...21.04% Tech next year PE 7.30
TC...13.71% Moly Mining next year PE 7.29
The above set of stocks gives me enough diversification & hopefully will participate in any rally or MAY even go against the TREND as they are all UNDERVALUED...
Overall , i feel it is a fairly CONSERVATIVE selection of stocks......
Please ENSURE your OWN comfort level as markets are highly UNPREDICTABLE @ all times.
Good luck with your OWN homework.
BLOG does NOT give buy or sell.
Saleem
We were too used to fear based "short term trading" since March of 09......
Market is FUNDAMENTAL based..... NOT technical anymore......
For over four weeks now that we have stayed above RSI which deemed "unattainable" based on extreme short term trading or past history........
Last four weeks of above norm RSI which is being sustained is a "new phenomenon" & everybody is struggling with that..calling for caution & correction of severe magnitude.....BUT it is NOT happening ????
Ever since the low of Feb 8th.....10 DMA has tracked nicely & S&P 500 have stayed above..this proves that selling has been almost non-existent or absorbed easily for last 8 weeks......this was the period that short term traders almost gave up on this market or went NEGATIVE & had BEARISH posture...
Last eight weeks have been a "turning point" for this market.......market TAPE has become stable & UPTRENDING.....
Retail investors as of April 8th reading is only 43% bullish..which is lower than 49% bullish @ the start of 2010......when we started the last correction of 10% in this market......
SO...what has changed ????
Market TAPE is predicting a new environment of stable & sustained growth in worldwide economy...minor issues like Greece will be absorbed without impacting overall trend......
Market is PREDICTING better economy than us mortals whose consensus estimates keeps changing with each stat.........
IF market TAPE is predicting sustained GROWTH worldwide & ignoring all the NOISE...then this COULD be the biggest bull market in a long time.....
Dow 11,000 or S&P 500 1200 COULD be history in a hurry.....
TAPE has forced me to change my mind since end of March when i sold VXX & QID shortly after.....writing was on the wall saying pay attention to tape.... market goes HIGHER....which continues till this day....
YES..RSI is @ the highest point in last 12 months..but if you look @ RSI for last three years it is @ an average level of slightly above 50 and high in 3 years is above 70....so lot more room on the upside.....
For my OWN trading ...I have increased my exposure to market to 50% with strong bullish bias....
YES..there is Option Expiry this week which may give another buying opportunity for a day or so..but "trend remains your friend"
Nobody can tell where we go from here exactly ...BUT TAPE is decidedly bullish.......
The biggest change is for me that.... I am taking a longer term view in my stock selections NOW..........with strong emphasis on fundamentals of each company i evaluate or buy...
Here is my $ allocation of my portfolio with fundamental analysis :
AGU.. 37.12% AG next year PE 11.71
RIMM 28.13% Tech next year PE 11.80
MU...21.04% Tech next year PE 7.30
TC...13.71% Moly Mining next year PE 7.29
The above set of stocks gives me enough diversification & hopefully will participate in any rally or MAY even go against the TREND as they are all UNDERVALUED...
Overall , i feel it is a fairly CONSERVATIVE selection of stocks......
Please ENSURE your OWN comfort level as markets are highly UNPREDICTABLE @ all times.
Good luck with your OWN homework.
BLOG does NOT give buy or sell.
Saleem
Saturday, April 10, 2010
Buy rated stocks....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
TC,AGU,RIMM,MU,MRVL,NXY,MSO,ASIA,
HOGS,UXG,GNK,KLIC,RFMD,GG,KGC,GAME,
STV,CHU,EGO,SLW.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
TC,AGU,RIMM,MU,MRVL,NXY,MSO,ASIA,
HOGS,UXG,GNK,KLIC,RFMD,GG,KGC,GAME,
STV,CHU,EGO,SLW.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, April 9, 2010
All Indices closed @ new HIGHS...NICE !!!!
All Indices closed @ new high of the year.......
Internals were very strong.......
Strong stocks included CREE,IBN,ISRG,ASIA,PALM,GNK,
EGO,JDSU,FMCN.....
In my portfolio :
Sold APWR
Bought TC @ $13.90
Bought AGU @ $68.69
Added 150% more RIMM @ $69.58
Bought back MU @ $10.73
Portfolio is AGU,MU,RIMM,TC.......
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
Internals were very strong.......
Strong stocks included CREE,IBN,ISRG,ASIA,PALM,GNK,
EGO,JDSU,FMCN.....
In my portfolio :
Sold APWR
Bought TC @ $13.90
Bought AGU @ $68.69
Added 150% more RIMM @ $69.58
Bought back MU @ $10.73
Portfolio is AGU,MU,RIMM,TC.......
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
Nasdaq @ new HIGH......NICE !!!!
Nasdaq is @ new high of the year & S&P 500 & Dow ever so close to doing that.....
Gold UP $10.20
Oil Down 42 cents
Canadian $ Down 32 tick to 99.45 cents US for 1 CAD
In my portfolio :
Sold MU
Portfolio is APWR & RIMM
@ 12.18 following are green :
MU,TCK,EGO,IAG,AEM,AAPL,GNK,
CREE,IBN,BIDU,MA,V,ISRG,POT,
SLW,AGU,CCJ,FMCN,CTRN,LULU,
WYNN,ASIA,ABX,VAR,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Gold UP $10.20
Oil Down 42 cents
Canadian $ Down 32 tick to 99.45 cents US for 1 CAD
In my portfolio :
Sold MU
Portfolio is APWR & RIMM
@ 12.18 following are green :
MU,TCK,EGO,IAG,AEM,AAPL,GNK,
CREE,IBN,BIDU,MA,V,ISRG,POT,
SLW,AGU,CCJ,FMCN,CTRN,LULU,
WYNN,ASIA,ABX,VAR,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Thursday, April 8, 2010
Another impressive close for Indices......NICE !!!!
Indices fought negativity on many front & move into green & stayed green until close....it is alway's important how market close which decides its strength.....
This market has baffled many & rewarded those who stayed in this market with conviction.....
Robert Prechter the infamous guru of many decades ago made one of his many flawed calls since S&P 500 hit 1000 back in July 09..when he came with same lines saying we are going below the lows which was 666 in S&P 500......SO...he has been proven wrong since 1000 to current 1186.....anybody who has been wrong for nine months & 19% of UP move has NO CREDIBILITY......by the way 19% of missed move by him is like missing another bull move ???
Following stocks were strong with 2% or higher moves included
AMZN,FUQI, SOL,ISRG,SU,LVS,SOLF,C,YHOO......
AH Futures are mixed
AH Shanghai,Hang Seng & Singapore UP
AH Oil UP
AH Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
This market has baffled many & rewarded those who stayed in this market with conviction.....
Robert Prechter the infamous guru of many decades ago made one of his many flawed calls since S&P 500 hit 1000 back in July 09..when he came with same lines saying we are going below the lows which was 666 in S&P 500......SO...he has been proven wrong since 1000 to current 1186.....anybody who has been wrong for nine months & 19% of UP move has NO CREDIBILITY......by the way 19% of missed move by him is like missing another bull move ???
Following stocks were strong with 2% or higher moves included
AMZN,FUQI, SOL,ISRG,SU,LVS,SOLF,C,YHOO......
AH Futures are mixed
AH Shanghai,Hang Seng & Singapore UP
AH Oil UP
AH Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices all GREEN.....NICE !!!!
Indices were given lot of worries again to go down ...like Greece & overbought conditions.....BUT it is green.......
Gold Down $2.00
Oil down 42 cents
Canadian $ UP 15 tick to 99.80 cents US for 1 CAD
Portfolio is APWR,MU,RIMM.....
@ 12.17 following are green :
RIMM,MON,AGU,GOOG,GS,NTES,ISRG,BIDU,
MA,V,LVS,AMZN,FMCN,ICE,LULU,WYNN,FUQI,
ASIA,FWLT....
BLOG does NOT give buy or sell.
Saleem
Gold Down $2.00
Oil down 42 cents
Canadian $ UP 15 tick to 99.80 cents US for 1 CAD
Portfolio is APWR,MU,RIMM.....
@ 12.17 following are green :
RIMM,MON,AGU,GOOG,GS,NTES,ISRG,BIDU,
MA,V,LVS,AMZN,FMCN,ICE,LULU,WYNN,FUQI,
ASIA,FWLT....
BLOG does NOT give buy or sell.
Saleem
Wednesday, April 7, 2010
.23% to .66% decline in Indices on higher volume....
Indices closed red on higher volume as they were overbought......interest rate jitters & Greece were given as media reasons......
Gold pushing into record territory by jumping UP to $1152.30
Solar stocks jumped after JASO raised shipment guidance....solar stocks were UP upto 9%.....
Strong stocks which were UP 3% or more included MU,APWR,STP,SOL,PWRD,
GG,CSIQ,EGO,AUY,SOLF,TSL,JASO,PALM,IAG....
AH Futures are Down
AH Asian markets are Down
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
Gold pushing into record territory by jumping UP to $1152.30
Solar stocks jumped after JASO raised shipment guidance....solar stocks were UP upto 9%.....
Strong stocks which were UP 3% or more included MU,APWR,STP,SOL,PWRD,
GG,CSIQ,EGO,AUY,SOLF,TSL,JASO,PALM,IAG....
AH Futures are Down
AH Asian markets are Down
AH Oil,Gold,Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices coming back.....NICE !!!!
Indices opened lower and is trying to get to green...another sign of resiliency of this market.
Gold UP $13.90
Oil Down 40 cents
Canadian $ Down 25 tick to 99.63 cents US
Portfolio is APWR,MU,RIMM.....
@ 12.13 following are green :
APWR,MU,RIMM,EGO,SLW,AEM,AAPL,
GS,IAG,TSL,CSIQ,SOLF,STP,SOL,PWRD,
BIDU,GG,NDN,KGC,SNDA,TKC,WYNN,
FSLR,AUY....
BLOG does NOT give buy or sell.
Saleem
Gold UP $13.90
Oil Down 40 cents
Canadian $ Down 25 tick to 99.63 cents US
Portfolio is APWR,MU,RIMM.....
@ 12.13 following are green :
APWR,MU,RIMM,EGO,SLW,AEM,AAPL,
GS,IAG,TSL,CSIQ,SOLF,STP,SOL,PWRD,
BIDU,GG,NDN,KGC,SNDA,TKC,WYNN,
FSLR,AUY....
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 6, 2010
Indices close shows its strength AGAIN....NICE !!!!
Nasdaq & S&P 500 had their highest close in over 18 months...Dow was barely down 3 points.
Volume was higher than yesterday towards normal range.....
Market internals were positive ....
New 52 wk high remains strong.....
RSI in Indices ended in the highest range for 3.5 weeks.....NEVER observed this since March???
Here is the close in RSI :
Dow 72.27
Nasdaq 72.86
S&P 500 74.67
RSI for the last month is giving an extremely bullish tape...does not want to give up strength...unusual BUT decisive.....
SO...it is wise to follow the TAPE...when it breaks down..then become bearish.....that is the lesson which I had to learn without too much damage to my equity.....
Lately close have been pretty impressive......
Stocks which moved UP 3% or more included RIMM,BIDU,AMZN,CIEN,
FNSR,CNXT,FUQI......
AH futures Down slightly
AH Nikkei UP
AH Singapore UP
AH Oil Down slightly
AH Gold Down slightly
BLOG does NOT give buy or sell.
Saleem
Volume was higher than yesterday towards normal range.....
Market internals were positive ....
New 52 wk high remains strong.....
RSI in Indices ended in the highest range for 3.5 weeks.....NEVER observed this since March???
Here is the close in RSI :
Dow 72.27
Nasdaq 72.86
S&P 500 74.67
RSI for the last month is giving an extremely bullish tape...does not want to give up strength...unusual BUT decisive.....
SO...it is wise to follow the TAPE...when it breaks down..then become bearish.....that is the lesson which I had to learn without too much damage to my equity.....
Lately close have been pretty impressive......
Stocks which moved UP 3% or more included RIMM,BIDU,AMZN,CIEN,
FNSR,CNXT,FUQI......
AH futures Down slightly
AH Nikkei UP
AH Singapore UP
AH Oil Down slightly
AH Gold Down slightly
BLOG does NOT give buy or sell.
Saleem
Nasdaq within fraction of making new HIGH...NICE !!!!
Indices are close to flatline while Nasdaq has made it to green......Nasdaq high so far is 2431.53 only .72 from making new high......
Gold UP $4.70
Oil UP 21 cents
Canadian $ is @ record high ..higher than US$ ....UP 34 tick to 100.04 US for 1 CAD
In my portfolio :
Sold QID
Bought RIMM @ $67.99
Portfolio is APWR,MU,RIMM.....
@ 12.09 following are green :
RIMM,AEM,SLW,IAG,SOHU,NTES,SINA,
BIDU,GS,IBN,MA,V,X,AMZN,LVS,EXPE,
ASIA,TCK,FMCN,BRCD,LULU,WYNN,
FWLT.
BLOG does NOT give buy or sell.
Saleem
Gold UP $4.70
Oil UP 21 cents
Canadian $ is @ record high ..higher than US$ ....UP 34 tick to 100.04 US for 1 CAD
In my portfolio :
Sold QID
Bought RIMM @ $67.99
Portfolio is APWR,MU,RIMM.....
@ 12.09 following are green :
RIMM,AEM,SLW,IAG,SOHU,NTES,SINA,
BIDU,GS,IBN,MA,V,X,AMZN,LVS,EXPE,
ASIA,TCK,FMCN,BRCD,LULU,WYNN,
FWLT.
BLOG does NOT give buy or sell.
Saleem
Monday, April 5, 2010
Strong finish in all Indices.....NICE !!!!!
April is starting in the same fashion where March left off....Indices making new highs......
Market internals were much stronger than close as listed below :
UP volume led by 4.77 to 1 in NYSE & 6.83 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 3.04 to 1 in Nasdaq
New 52 wk highs also expanded by 457 in NYSE & 224 in Nasdaq
Above stat is a "major turnaround" from last week anaemic internals......
ONLY negative today was "low volume in all Indices" ?????
AH futures Down
AH Nikkei Down
AH Gold,Oil,Silver Down
FTSE & Hang Seng closed for Easter holidays......
VIX closed @ 17.02 Down 2.58%...VXX Down 3.81%..VXZ Down 1.99%
BLOG does NOT give buy or sell.
Saleem
Market internals were much stronger than close as listed below :
UP volume led by 4.77 to 1 in NYSE & 6.83 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 3.04 to 1 in Nasdaq
New 52 wk highs also expanded by 457 in NYSE & 224 in Nasdaq
Above stat is a "major turnaround" from last week anaemic internals......
ONLY negative today was "low volume in all Indices" ?????
AH futures Down
AH Nikkei Down
AH Gold,Oil,Silver Down
FTSE & Hang Seng closed for Easter holidays......
VIX closed @ 17.02 Down 2.58%...VXX Down 3.81%..VXZ Down 1.99%
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Dow @ new HIGH....NICE !!!!
Indices do not want to quit making new highs....S&P 500 & Dow jumped to new highs while Nasdaq ready to do the same.......
Market tape showing no sign of breaking down.........
Gold UP $3.10
Oil UP $1.71
Canadian $ UP 57 tick to record high of 99.73 US for 1 CAD
In my portfolio :
Sold EGO
Added 33% more MU @$10.38......
Portfolio is APWR,MU,QID
APWR was upgraded today by Raymond James to Outperform with $14 target.....
Most stocks are UP.......
@ 12.09 following are red :
QID,SMN,RIMM,IPI,ISRG,ASIA,POT,VXX,
VXZ,FMCN,ICE,VAR.....
BLOG does NOT give buy or sell.
Saleem
Market tape showing no sign of breaking down.........
Gold UP $3.10
Oil UP $1.71
Canadian $ UP 57 tick to record high of 99.73 US for 1 CAD
In my portfolio :
Sold EGO
Added 33% more MU @$10.38......
Portfolio is APWR,MU,QID
APWR was upgraded today by Raymond James to Outperform with $14 target.....
Most stocks are UP.......
@ 12.09 following are red :
QID,SMN,RIMM,IPI,ISRG,ASIA,POT,VXX,
VXZ,FMCN,ICE,VAR.....
BLOG does NOT give buy or sell.
Saleem
Sunday, April 4, 2010
April generally brings short term top.......
We all have heard "sell in May & go away".......which means by the end of April we should form a short term top in the market....
So we have April to daytrade & lock gains .......
Option expiry is on 16th of April..two weeks away..which may bring more "volatility".....
RSI is Indices are as follows :
Nasdaq 66.51
S&P 500 70.35
Dow 70.55
High range has been in 76 area........either Nasdaq will move UP to its high RSI range or may drag RSI further Down to 50 area....Option Expiry week should be the catalyst......
Chinese PMI has risen 13 months in a row.....
Oil is @ 17 months high.....
Jobs report was better than the headline numbers as 114,000 "real jobs" were created and only 48,000 census jobs ..which was predicted by many to be in 100,000 plus expectations...so headline of 162,000 is "conceptually" equal to 225,000 jobs.......
SO..there is real job growth in the economy NOW......
Stock market has been anticipating/predicting job growth & economic rejuvenation worldwide in this run for 11,000 in Dow..chart looks too steep for my comfort.....a selling may take place.......
Market always gives money making ideas...it may be positioned for short trades ????
SO..locking profit has to be top priority as all good news is here already ......
Market needs digestive period to gather strength again......in the past selling has been in the range of 6% to 9%......this time it may be in the 6% range.....
QID which is double short on Nasdaq may be the best way to HEDGE your portfolio.....hedging near top is a smart move...an insurance which is prudent......
Writing covered call in your portfolio also gives you protection & extra $........
Gold,Silver,Copper stocks are looking better @ this stage in market......
After correction..... Technology is a good bet as many will raise guidance.....
This "sustained" move UP has surprised many including me......so a bearish posture may have been pre-mature BUT not unwise......
It is important to know your stocks fundamentals & technicals .....adaptability is a key to ongoing success in market.....sometimes you have to sell in a hurry & other times you have to buy in nano-second.......
There is no right or wrong way to position in market...as long as it works out in the end......it is always about risk/reward ratio.....
Being diversified in many sectors which is showing strength keeps you ahead of the game.....
Good luck in your strategy.
BLOG does NOT give buy or sell.
Saleem
So we have April to daytrade & lock gains .......
Option expiry is on 16th of April..two weeks away..which may bring more "volatility".....
RSI is Indices are as follows :
Nasdaq 66.51
S&P 500 70.35
Dow 70.55
High range has been in 76 area........either Nasdaq will move UP to its high RSI range or may drag RSI further Down to 50 area....Option Expiry week should be the catalyst......
Chinese PMI has risen 13 months in a row.....
Oil is @ 17 months high.....
Jobs report was better than the headline numbers as 114,000 "real jobs" were created and only 48,000 census jobs ..which was predicted by many to be in 100,000 plus expectations...so headline of 162,000 is "conceptually" equal to 225,000 jobs.......
SO..there is real job growth in the economy NOW......
Stock market has been anticipating/predicting job growth & economic rejuvenation worldwide in this run for 11,000 in Dow..chart looks too steep for my comfort.....a selling may take place.......
Market always gives money making ideas...it may be positioned for short trades ????
SO..locking profit has to be top priority as all good news is here already ......
Market needs digestive period to gather strength again......in the past selling has been in the range of 6% to 9%......this time it may be in the 6% range.....
QID which is double short on Nasdaq may be the best way to HEDGE your portfolio.....hedging near top is a smart move...an insurance which is prudent......
Writing covered call in your portfolio also gives you protection & extra $........
Gold,Silver,Copper stocks are looking better @ this stage in market......
After correction..... Technology is a good bet as many will raise guidance.....
This "sustained" move UP has surprised many including me......so a bearish posture may have been pre-mature BUT not unwise......
It is important to know your stocks fundamentals & technicals .....adaptability is a key to ongoing success in market.....sometimes you have to sell in a hurry & other times you have to buy in nano-second.......
There is no right or wrong way to position in market...as long as it works out in the end......it is always about risk/reward ratio.....
Being diversified in many sectors which is showing strength keeps you ahead of the game.....
Good luck in your strategy.
BLOG does NOT give buy or sell.
Saleem
Saturday, April 3, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
SLW,PAAS,TCK,NM,AU,HMY,NEM,MTE,
TGB,EK,LCRD,NTAP,AUY,EJ,GMCR,HCBK,
MT,NOK.
Next post on Sunday by noon.
BLOG does NOT give buy or sell.
Saleem
SLW,PAAS,TCK,NM,AU,HMY,NEM,MTE,
TGB,EK,LCRD,NTAP,AUY,EJ,GMCR,HCBK,
MT,NOK.
Next post on Sunday by noon.
BLOG does NOT give buy or sell.
Saleem
Thursday, April 1, 2010
All Indices closed GREEN...NICE !!!!
Markets are doing their usual things...start strong give up gains and then buyers take it up by close.....a sure sign that market is still in bull mode.....
Internals improved but Nasdaq Down volume were in the lead????...
New 52 wk highs improved as given :
NYSE 296 & Nasdaq 144
MU lost strong gains & closed lower on huge volume of 127.59 million shares vs average of 30.01million shares..high $11.05 low $10.11 an 8.6% move lower from highs on "blowout earnings"????
AH Oil,Gold,Silver UP
AH Asian markets higher
Next post on Saturday by noon...
BLOG does NOT give buy or sell.
Saleem
Internals improved but Nasdaq Down volume were in the lead????...
New 52 wk highs improved as given :
NYSE 296 & Nasdaq 144
MU lost strong gains & closed lower on huge volume of 127.59 million shares vs average of 30.01million shares..high $11.05 low $10.11 an 8.6% move lower from highs on "blowout earnings"????
AH Oil,Gold,Silver UP
AH Asian markets higher
Next post on Saturday by noon...
BLOG does NOT give buy or sell.
Saleem
Indices @ or near record.....NICE !!!!
Economic data worldwide was better than expected giving boost to markets worldwide......
Gold UP $13.00 to $1126.40
Oil UP $1.28 High of the year
Canadian $ in record territory @ 99.25 cents US UP 97 tick
In my portfolio :
Bought EGO a gold producer @ $10.29
Portfolio is APWR,EGO,MU,QID.....
Most stocks are UP.....
@ 12.13 following are red :
APWR,QID,VXX,SMN,RIMM,CSIQ,PWRD,
IPI,POT,MA,EXPE,AMZN,TSL,FMCN,FSLR,
LDK....
BLOG does NOT give buy or sell.
Saleem
Gold UP $13.00 to $1126.40
Oil UP $1.28 High of the year
Canadian $ in record territory @ 99.25 cents US UP 97 tick
In my portfolio :
Bought EGO a gold producer @ $10.29
Portfolio is APWR,EGO,MU,QID.....
Most stocks are UP.....
@ 12.13 following are red :
APWR,QID,VXX,SMN,RIMM,CSIQ,PWRD,
IPI,POT,MA,EXPE,AMZN,TSL,FMCN,FSLR,
LDK....
BLOG does NOT give buy or sell.
Saleem
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