Following stocks are showing relative strength in their sector.Please do your OWN due diligence by checking FA/TA/TAPE.
BIDU,EGO,SOLF,LRCX,RIMM,SLW,
LVS,SNDK,CREE,POT,AMZN,VMW,
TSL,AAPL,ISRG,SOHU,NTES,EXPE,
AGU,SINA,CRUS,GS.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Saturday, July 31, 2010
Friday, July 30, 2010
Close today was impressive.....
Indices were subjected to another selling pressure right @ open....but if you look @ closing number..you will wonder what the fuss was all about.....BUT some traders are in panic mode..so they sell @ every negative open.....instead of buying.....
Internals were positive today after three day of negative internals......
Shorts are still left with few coins..so they keep their "busted" drum rolling..Adami is never right BUT keeps hoping for S&P 500 below 900...keep dreaming......but do not lose everything in the process....
Solar stocks took a serious pounding based on FSLR lowered Sales guidance....
Stocks which were UP 2% or more included BIDU,EGO,RIMM,
SLW,ASIA,EXPE,POT,IAG,AMCC,FUQI.....
In my portfolio :
Bought SOLF @ $9.44
Portfolio is BIDU,BCSI,EGO,LRCX,SOLF
By noon Saturday..will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Internals were positive today after three day of negative internals......
Shorts are still left with few coins..so they keep their "busted" drum rolling..Adami is never right BUT keeps hoping for S&P 500 below 900...keep dreaming......but do not lose everything in the process....
Solar stocks took a serious pounding based on FSLR lowered Sales guidance....
Stocks which were UP 2% or more included BIDU,EGO,RIMM,
SLW,ASIA,EXPE,POT,IAG,AMCC,FUQI.....
In my portfolio :
Bought SOLF @ $9.44
Portfolio is BIDU,BCSI,EGO,LRCX,SOLF
By noon Saturday..will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Nasdaq green..others to follow...NICE !!!!
S&P 500 went to 1088.01 a pullback of 2.94% from 1120.95..which is average pullback......
Nasdaq has turned UP..S&P 500 down 1 Dow down 13.....so far.....there is a very good chance that we have a strong close today.....
GDP as usual was a non-event..consensus 2.5% actual 2.4%....so shorts are left holding the bag again....
Oil Down 33 cents
Gold UP $8.10 @ $1176.50...Joe Terranova is waiting for below $1140 for his short to be profitable.....
Canadian $ UP 90 tick @ 97.42...recent high today $$$$
Portfolio is BIDU,BCSI,EGO,LRCX......
BIDU earlier had a "breakout" @ $81.39 with a target of $88.33 as per http://www.stockconsultant.com/.....
@12.35 following are UP :
BIDU,EGO,POT,AMZN,VMW,RIMM,
CREE,ASIA,ISRG,EXPE,AGU,SLW,TCK,
FMCN,RCI,SINA,AEM,ABX...
BLOG does NOT give buy or sell.
Saleem
Nasdaq has turned UP..S&P 500 down 1 Dow down 13.....so far.....there is a very good chance that we have a strong close today.....
GDP as usual was a non-event..consensus 2.5% actual 2.4%....so shorts are left holding the bag again....
Oil Down 33 cents
Gold UP $8.10 @ $1176.50...Joe Terranova is waiting for below $1140 for his short to be profitable.....
Canadian $ UP 90 tick @ 97.42...recent high today $$$$
Portfolio is BIDU,BCSI,EGO,LRCX......
BIDU earlier had a "breakout" @ $81.39 with a target of $88.33 as per http://www.stockconsultant.com/.....
@12.35 following are UP :
BIDU,EGO,POT,AMZN,VMW,RIMM,
CREE,ASIA,ISRG,EXPE,AGU,SLW,TCK,
FMCN,RCI,SINA,AEM,ABX...
BLOG does NOT give buy or sell.
Saleem
Thursday, July 29, 2010
Another down day @ close....
Indices are trying to find support after its recent runup from 1010 in S&P 500...
S&P 500 low today was 1092.82 but we closed @ 1101.53.....
Shorts are really excited AGAIN.....BUT there hope may be dashed again.....it is the Adami jinx..anytime he is sure we are going much lower...we generally turn UP.....
Shorts are banking on GDP to give them a break.....BUT again they will get no help there either..GDP will be a non-event....
AH GOOG reported that their search is fully blocked in China resulting in GOOG being Down $9 & BIDU being UP $3......But then they came up with an explanation which defies logic even for a 3 year old ????
GOOG does not know the difference between technical glitch & being blocked.....now they are claiming their software cannot read accurately.....this statement from the worlds biggest technology & search giant......?????
After this PR attempt GOOG was Down only $4.87 & BIDU UP $1.20..BIDU volume was heavy in AH of 679,425......
AH futures Down
AH Asia Down
AH Oil Down
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was 1092.82 but we closed @ 1101.53.....
Shorts are really excited AGAIN.....BUT there hope may be dashed again.....it is the Adami jinx..anytime he is sure we are going much lower...we generally turn UP.....
Shorts are banking on GDP to give them a break.....BUT again they will get no help there either..GDP will be a non-event....
AH GOOG reported that their search is fully blocked in China resulting in GOOG being Down $9 & BIDU being UP $3......But then they came up with an explanation which defies logic even for a 3 year old ????
GOOG does not know the difference between technical glitch & being blocked.....now they are claiming their software cannot read accurately.....this statement from the worlds biggest technology & search giant......?????
After this PR attempt GOOG was Down only $4.87 & BIDU UP $1.20..BIDU volume was heavy in AH of 679,425......
AH futures Down
AH Asia Down
AH Oil Down
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
2.5% correction in S&P 500 so far.....
S&P 500 low so far is 1092.82....which is 2.5% correction from high of 1120.95...generally minimum correction is 3% +..so a test of 1090 support could be in the cards...1085 should be a strong support.......BUT markets can turn UP on a dime...HFT (high frequency traders) can do it......
Gold UP $2.40
Oil UP 99 cents
Canadian $ UP 15 tick to 96.45
In my portfolio :
Bought BIDU @ $79.30
Portfolio BIDU,BCSI,EGO,LRCX......
LRCX TAPE is very similar to AAPL,BIDU on day of earning release...went way lower from open on good earning...LRCX got upgraded with $45 target......
EGO ER was a beat on Sales & EPS.......
@ 12.48 following are green :
EGO,POT,AGU,RVBD,IBN,GS,CRUS,
SINA,ABX,SNE,VAR......
FSLR reports AH..it should be a beat
BLOG does NOT give buy or sell.
Saleem
Gold UP $2.40
Oil UP 99 cents
Canadian $ UP 15 tick to 96.45
In my portfolio :
Bought BIDU @ $79.30
Portfolio BIDU,BCSI,EGO,LRCX......
LRCX TAPE is very similar to AAPL,BIDU on day of earning release...went way lower from open on good earning...LRCX got upgraded with $45 target......
EGO ER was a beat on Sales & EPS.......
@ 12.48 following are green :
EGO,POT,AGU,RVBD,IBN,GS,CRUS,
SINA,ABX,SNE,VAR......
FSLR reports AH..it should be a beat
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 28, 2010
Indices closed down .38% to 1.04%.....
Indices were dealing with economic data & commentary from Fed...neither of which were encouraging...BUT...indices held up much better .....
Internals were weaker than indices for two days in a row...a healthy retracement.....
Nasdaq has been the weakest ......
In my portfolio :
Sold VXX
Portfolio is BCSI,EGO,LRCX....
Sentiment is turning bearish again as Doug Kass went neutral,Brian Kelly adding shorts,Dennis Gartman in panic & Joe Terranova is short gold......I love doing opposite of CNBC gurus....
AH NVDA warned Down 6.81%..AH volume 4.24 million
AH AKAM ER was a downer..Down 5.06%..AH volume 1.57 million
AH LRCX Q4 ER was a major beat on Sales & EPS..guidance for Q1 was way better than consensus as listed below :
Sales.... consensus $669.7 million.... Guidance $790 million..guidance higher by $120.3 million
EPS.... consensus 98 cents...guidance $1.35....guidance higher by .37 cents
AH stock UP 34 cents..AH volume 30,649....expect many upgrades & good TAPE action on Thursday...
Before Open EGO reports...EPS should be above consensus & guidance as per consensus....
AH Futures Mixed
AH Asian market Mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals were weaker than indices for two days in a row...a healthy retracement.....
Nasdaq has been the weakest ......
In my portfolio :
Sold VXX
Portfolio is BCSI,EGO,LRCX....
Sentiment is turning bearish again as Doug Kass went neutral,Brian Kelly adding shorts,Dennis Gartman in panic & Joe Terranova is short gold......I love doing opposite of CNBC gurus....
AH NVDA warned Down 6.81%..AH volume 4.24 million
AH AKAM ER was a downer..Down 5.06%..AH volume 1.57 million
AH LRCX Q4 ER was a major beat on Sales & EPS..guidance for Q1 was way better than consensus as listed below :
Sales.... consensus $669.7 million.... Guidance $790 million..guidance higher by $120.3 million
EPS.... consensus 98 cents...guidance $1.35....guidance higher by .37 cents
AH stock UP 34 cents..AH volume 30,649....expect many upgrades & good TAPE action on Thursday...
Before Open EGO reports...EPS should be above consensus & guidance as per consensus....
AH Futures Mixed
AH Asian market Mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
LRCX ER was a beat on Sales & EPS...NICE !!!!
LRCX ER for Q4 was a beat on both Sales & EPS...
Sales actual $695,289 million vs consensus estimate of $656,500 million a beat on Sales by $38,789 Millions
EPS actual 1.10 vs consensus estimate of 97 cents.....
Quite bullish about their 2nd half growth...
Guidance to be given in their CC.....
BLOG does NOT give buy or sell.
Saleem
Sales actual $695,289 million vs consensus estimate of $656,500 million a beat on Sales by $38,789 Millions
EPS actual 1.10 vs consensus estimate of 97 cents.....
Quite bullish about their 2nd half growth...
Guidance to be given in their CC.....
BLOG does NOT give buy or sell.
Saleem
Weak durable goods order putting downward pressure in market......
Indices are fighting back again despite poor data for durable goods..down 1% instead of being up 1%....
Indices are down .10% to .53%..Nasdaq is the weakest & Dow stronger.....
@ 2PM Fed minutes will be released which will point to weaker economy same as Fed Chief testimony....
How market reacts to Fed minutes will either show resiliency or may weaken as we are overbought....only close will tell....
SO..it is prudent to book gains as we muddle through....
Oil Down 82 cents
Gold UP $1.80
Canadian $ UP 14 tick to 96.57
Portfolio is EGO,BCSI,LRCX,VXX......
Majority of stocks are down....
@ 12.26 following are green :
EGO,VXX,LVS,RIMM,SOHU,GS,
AMZN,POT,AGU,TSL,IAG,GG,
TKC,WYNN,AEM,RY,FSLR....
LRCX reports AH...should be a beat & guide UP.
BLOG does NOT give buy or sell.
Saleem
Indices are down .10% to .53%..Nasdaq is the weakest & Dow stronger.....
@ 2PM Fed minutes will be released which will point to weaker economy same as Fed Chief testimony....
How market reacts to Fed minutes will either show resiliency or may weaken as we are overbought....only close will tell....
SO..it is prudent to book gains as we muddle through....
Oil Down 82 cents
Gold UP $1.80
Canadian $ UP 14 tick to 96.57
Portfolio is EGO,BCSI,LRCX,VXX......
Majority of stocks are down....
@ 12.26 following are green :
EGO,VXX,LVS,RIMM,SOHU,GS,
AMZN,POT,AGU,TSL,IAG,GG,
TKC,WYNN,AEM,RY,FSLR....
LRCX reports AH...should be a beat & guide UP.
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 27, 2010
Close was constructive despite consumers....
Today was a good test of market resiliency when consumers sentiment data was well below consensus......
S&P 500 low point was only 1109.78..it closed @ 1113.84 only 9 tick below 200 DMA.....
Dow was green @ close......
TAPE showed strength even though we were in overbought territory......
When market do not go down on bad news..pay attention...
Internals were weaker than close......
LVS ER is before open...
LRCX ER is after close...
Both should beat estimates....
AH BRCM ER was a beat & guidance slightly above consensus..AH stock UP 45 cents....
AH Futures Down
AH Asian market mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 low point was only 1109.78..it closed @ 1113.84 only 9 tick below 200 DMA.....
Dow was green @ close......
TAPE showed strength even though we were in overbought territory......
When market do not go down on bad news..pay attention...
Internals were weaker than close......
LVS ER is before open...
LRCX ER is after close...
Both should beat estimates....
AH BRCM ER was a beat & guidance slightly above consensus..AH stock UP 45 cents....
AH Futures Down
AH Asian market mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Changes in my portfolio....
Sold CSIQ
Bought LRCX @ $42.50...reports tommorow AH..expecting a beat.
Added 20% EGO @ $15.50
Portfolio EGO,VXX,LRCX,BCSI
BLOG does NOT give buy or sell.
Saleem
Bought LRCX @ $42.50...reports tommorow AH..expecting a beat.
Added 20% EGO @ $15.50
Portfolio EGO,VXX,LRCX,BCSI
BLOG does NOT give buy or sell.
Saleem
Indices fighting bad consumers data......
Indices were given a big jolt with consumers sentiment data.....
Indices are fighting back and wants to go higher......
Gold Down $20.20
Oil Down $1.65
Canadian $ Down 38 tick @ 96.51
In my portfolio :
Bought BCSI @ $23.15
Bought CSIQ @ $13.30
Portfolio is EGO,VXX,BCSI,CSIQ......
I am back @ 50% exposure....
@ 12.17 following are green :
BCSI,AAPL,LRCX,SNDK,GOOG,BAC,MS,VMW,BIDU,
ASIA,SOHU,CCJ,MA,V,EXPE,SNDA,TKC,NDAQ,NYX,
SNE.....
BLOG does NOT give buy or sell.
Saleem
Indices are fighting back and wants to go higher......
Gold Down $20.20
Oil Down $1.65
Canadian $ Down 38 tick @ 96.51
In my portfolio :
Bought BCSI @ $23.15
Bought CSIQ @ $13.30
Portfolio is EGO,VXX,BCSI,CSIQ......
I am back @ 50% exposure....
@ 12.17 following are green :
BCSI,AAPL,LRCX,SNDK,GOOG,BAC,MS,VMW,BIDU,
ASIA,SOHU,CCJ,MA,V,EXPE,SNDA,TKC,NDAQ,NYX,
SNE.....
BLOG does NOT give buy or sell.
Saleem
Monday, July 26, 2010
All indices closed higher.....NICE !!!!
Indices closed near high of the day.....
S&P 500 closed above 200 DMA....
Internals were strong.....
RSI in all indices are above 60 with Dow @ 61.35....
Risk/Reward ratio should be monitored closely @ these levels....
Indices CAN overshoot based on overall enthusiasm with technicals in place....
VIX closed Down 3.15% @ 22.73..lowest level in a while....
Here is a list of strong stocks with RSI @ today's close :
RVBD 77.12
CRUS 74.25
VMW 68.33
CREE 67.41
BIDU 65.37
LRCX 60.48
TCK 60.20
LVS 59.18
BCSI 56.26
AAPL 53.91
Stocks which were UP 2% or more included :
CREE,SNDK,BCSI,CRUS,WDC,SOHU,
PMCS,M,BIDU,JDSU,CIEN,FNSR,
JASO,C,BAC,FUQI.....
AH Futures Down
AH Asian markets UP
AH OIl & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed above 200 DMA....
Internals were strong.....
RSI in all indices are above 60 with Dow @ 61.35....
Risk/Reward ratio should be monitored closely @ these levels....
Indices CAN overshoot based on overall enthusiasm with technicals in place....
VIX closed Down 3.15% @ 22.73..lowest level in a while....
Here is a list of strong stocks with RSI @ today's close :
RVBD 77.12
CRUS 74.25
VMW 68.33
CREE 67.41
BIDU 65.37
LRCX 60.48
TCK 60.20
LVS 59.18
BCSI 56.26
AAPL 53.91
Stocks which were UP 2% or more included :
CREE,SNDK,BCSI,CRUS,WDC,SOHU,
PMCS,M,BIDU,JDSU,CIEN,FNSR,
JASO,C,BAC,FUQI.....
AH Futures Down
AH Asian markets UP
AH OIl & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .55% to .72%......NICE !!!
Indices are UP with S&P 500 strongest so far.....
S&P 500 challenge is to close above 200 DMA which is 1113.67.....
RSI is S&P 500 is 59.18
Gold Down $2.50
Oil UP 8 cent
Canadian $ UP 59 tick to 96.97
In my portfolio :
Sold CSIQ
Bought VXX @ $22.90
Portfolio is EGO,VXX......
@ 12.48 following are UP 2% or more:
BIDU,CREE,CRUS,C,BAC,BCSI,ISRG,
PMCS,M,RCI,TKC,IGT,FUQI,VLO....
BLOG does NOT give buy or sell.
Saleem
S&P 500 challenge is to close above 200 DMA which is 1113.67.....
RSI is S&P 500 is 59.18
Gold Down $2.50
Oil UP 8 cent
Canadian $ UP 59 tick to 96.97
In my portfolio :
Sold CSIQ
Bought VXX @ $22.90
Portfolio is EGO,VXX......
@ 12.48 following are UP 2% or more:
BIDU,CREE,CRUS,C,BAC,BCSI,ISRG,
PMCS,M,RCI,TKC,IGT,FUQI,VLO....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 25, 2010
IS market sentiment too euphoric ?
European stress test results came in better than expected....instead of ten failure ..we have seven.....
Traders are relieved that European Banks are better than feared.......
Will this CHANGE cause a blowoff rally ???
Everything IS possible......
SO..it is PRUDENT to have exposure in any rally.....how much exposure is based on individual comfort level.....
Why am I reducing exposure ?
Because I am NEVER sure about REACTION to any news......sometimes it is "SELL the news" sometimes it is "BUY the news"....
Monday's CLOSE will tell us ..what is the verdict.....
Indices are sitting @ a crossroad......
S&P 500 is 11 points away from 200 DMA...... only indice NOT above 200 DMA.....
IF S&P 500 can close well above 200 DMA..then technical picture will be much much better....
It is extremely hard to predict market direction most of the time.....
Europe reaction to stress test will be the key with LIBOR rate.....
My personal take on market sometimes are "anticipatory" & act accordingly......
I am NOT right all the time..SO my action should not be interpreted as a direction for the market....
I DO change my mind based on TAPE....never fight the TAPE........
TAPE has been "highly volatile"...so ensure your strategy IS working......
Summer is never a great time for a "sustained rally"..more like a "trading range rally"
Q4 is EXPECTED to be a good time for the markets......
By start of Q4..we will KNOW how US economy is actually doing......
We have nine more weeks of "gyrating data" to sift through.... to get a real handle of worldwide GDP growth.....
Canadian Central Bank has just turned "more cautious and are predicting sluggish growth" for Canadian economy in 2012 to the tune of 2%+....
Canada is showing relatively BETTER performance compared to US..BUT the indicators are softening lately in Canada also.....
SO...it is important to "monitor economic signals".....which IS currently pointing "south" based on Bernanke latest testimony and Fed is ready to act AGAIN to give boost to US economy.......
What markets do in the short term is controlled by High Frequency Traders.....
IF..you can match HFT speed then go ahead & participate in whatever direction they take the market.......
BUT...i will stay NIMBLE to the tune of max 50% exposure until there is more CLARITY in the economic trendlines......
SO...I will trade in & out based on TAPE or "anticipatory actions" on my part......
It is extremely important for all of you to have your OWN take on market & direction.....
Personally .....I am "neutral" @ best in my enthusiasm.......
We are all WRONG most of the time as markets are quite capable of doing the impossible...going UP when nobody expects and also going DOWN when everyone is EUPHORIC.....
It is hard to tell where we are NOW in markets.......
BLOG does NOT give buy or sell.
Saleem
Traders are relieved that European Banks are better than feared.......
Will this CHANGE cause a blowoff rally ???
Everything IS possible......
SO..it is PRUDENT to have exposure in any rally.....how much exposure is based on individual comfort level.....
Why am I reducing exposure ?
Because I am NEVER sure about REACTION to any news......sometimes it is "SELL the news" sometimes it is "BUY the news"....
Monday's CLOSE will tell us ..what is the verdict.....
Indices are sitting @ a crossroad......
S&P 500 is 11 points away from 200 DMA...... only indice NOT above 200 DMA.....
IF S&P 500 can close well above 200 DMA..then technical picture will be much much better....
It is extremely hard to predict market direction most of the time.....
Europe reaction to stress test will be the key with LIBOR rate.....
My personal take on market sometimes are "anticipatory" & act accordingly......
I am NOT right all the time..SO my action should not be interpreted as a direction for the market....
I DO change my mind based on TAPE....never fight the TAPE........
TAPE has been "highly volatile"...so ensure your strategy IS working......
Summer is never a great time for a "sustained rally"..more like a "trading range rally"
Q4 is EXPECTED to be a good time for the markets......
By start of Q4..we will KNOW how US economy is actually doing......
We have nine more weeks of "gyrating data" to sift through.... to get a real handle of worldwide GDP growth.....
Canadian Central Bank has just turned "more cautious and are predicting sluggish growth" for Canadian economy in 2012 to the tune of 2%+....
Canada is showing relatively BETTER performance compared to US..BUT the indicators are softening lately in Canada also.....
SO...it is important to "monitor economic signals".....which IS currently pointing "south" based on Bernanke latest testimony and Fed is ready to act AGAIN to give boost to US economy.......
What markets do in the short term is controlled by High Frequency Traders.....
IF..you can match HFT speed then go ahead & participate in whatever direction they take the market.......
BUT...i will stay NIMBLE to the tune of max 50% exposure until there is more CLARITY in the economic trendlines......
SO...I will trade in & out based on TAPE or "anticipatory actions" on my part......
It is extremely important for all of you to have your OWN take on market & direction.....
Personally .....I am "neutral" @ best in my enthusiasm.......
We are all WRONG most of the time as markets are quite capable of doing the impossible...going UP when nobody expects and also going DOWN when everyone is EUPHORIC.....
It is hard to tell where we are NOW in markets.......
BLOG does NOT give buy or sell.
Saleem
Saturday, July 24, 2010
Buy rated stocks.....
Following stocks are showing relative strength.Please do your OWN due diligence by checking FA/TA/TAPE.
AAPL,BIDU,CREE,LRCX,MA,X,TCK,LVS.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
AAPL,BIDU,CREE,LRCX,MA,X,TCK,LVS.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, July 23, 2010
.82% to 1.05% higher close in Indices...NICE !!!!
Dow & Nasdaq are above 50 DMA & 200 DMA...S&P 500 is about 11 points away from crossing 200 DMA......
Internals were strong.....
Those are good news...BUT
RSI is creeping UP to 57 area......Highest since May....remember 60 may be a sell zone...
VIX closed Down 4.71% to 23.47...another caution.....22 is a buy in VIX....
Many stocks had huge % move UP today....
In my portfolio :
Sold CREE
Sold LRCX
Portfolio is CSIQ,EGO....
My exposure went down to 40%
When everyone is optimistic & think all is clear....i start to worry......thus my sell sell sell....
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
Internals were strong.....
Those are good news...BUT
RSI is creeping UP to 57 area......Highest since May....remember 60 may be a sell zone...
VIX closed Down 4.71% to 23.47...another caution.....22 is a buy in VIX....
Many stocks had huge % move UP today....
In my portfolio :
Sold CREE
Sold LRCX
Portfolio is CSIQ,EGO....
My exposure went down to 40%
When everyone is optimistic & think all is clear....i start to worry......thus my sell sell sell....
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
Market digesting EU Banks stress results.....
Indices are holding up pretty good as EU released the results & criteria of stress test....only 7 banks failed the test which was anticipated......
Gold Down $3.60
Oil Down 75 cents
Canadian $ Down 25 tick @ 96.23
In my portfolio :
Sold BIDU
Sold LVS
Bought LRCX @ $41.75
Tripled my position in CSIQ @ $13.59
Portfolio is CSIQ,CREE,EGO,LRCX.....
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
Gold Down $3.60
Oil Down 75 cents
Canadian $ Down 25 tick @ 96.23
In my portfolio :
Sold BIDU
Sold LVS
Bought LRCX @ $41.75
Tripled my position in CSIQ @ $13.59
Portfolio is CSIQ,CREE,EGO,LRCX.....
Most stocks are UP....
BLOG does NOT give buy or sell.
Saleem
Thursday, July 22, 2010
Strong close in Indices.....NICE !!!
Indices closed strong by posting gains of 1.99% to 2.68%..Nasdaq was the strongest of all....
Internals were strong also & New 52 wk highs led in NYSE & Nasdaq.....
All indices are very close to taking out 200 DMA also...S&P 500 closed @ 1093.67..200 DMA is @ 1113.16 only 19.49 points away.....
CNBC perma shorts are softening their enthusiasm after taking "serious licking repeatedly"..one is scratching his head..other two are waiting for 1100 to go bullish......
There is a very good chance that we may go higher than previous attempts......it is like try try until you succeed.....
BUT...for traders do not lose sight of booking profit as you go along......there are stronger stocks to trade with......
AH ER was mostly downer as suspected by many... AMZN was viewed as most bearish while semi area is having their own challenges..SNDK guidance was not as rosy...MSFT just does not excite anyone even though they beat on all front......
BUT tonight's ER will not affect the market where overall ER has been stellar.......
AH Futures Mixed
AH Asian markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Internals were strong also & New 52 wk highs led in NYSE & Nasdaq.....
All indices are very close to taking out 200 DMA also...S&P 500 closed @ 1093.67..200 DMA is @ 1113.16 only 19.49 points away.....
CNBC perma shorts are softening their enthusiasm after taking "serious licking repeatedly"..one is scratching his head..other two are waiting for 1100 to go bullish......
There is a very good chance that we may go higher than previous attempts......it is like try try until you succeed.....
BUT...for traders do not lose sight of booking profit as you go along......there are stronger stocks to trade with......
AH ER was mostly downer as suspected by many... AMZN was viewed as most bearish while semi area is having their own challenges..SNDK guidance was not as rosy...MSFT just does not excite anyone even though they beat on all front......
BUT tonight's ER will not affect the market where overall ER has been stellar.......
AH Futures Mixed
AH Asian markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Bernanke uncertain BUT market is certain UP 2%+
Market CAN tell more than mortals like Bernanke...Fed is looking @ current Data & market is "certain" about six months out....
Indices are UP from 2% to 2.33%......
Technical picture improved big time as all indices are above 50 DMA....almost ready to take out 200 DMA.....
Gold UP $4.40
Oil UP $2.04
Canadian $ UP 1.09 cent @ 96.39
Portfolio is BIDU,CSIQ,CREE,EGO,LVS...
VIX Down 4.99% to 24.36
@ 12.39 following are UP 2% or more :
BIDU,CREE,EGO,LVS,LRCX,MSFT,RVBD,
VMW,RIMM,C,BAC,BCSI,IBN,SOHU,CCJ,
MA,V,NDN,M,EXPE,X,IPI,GNK,SLW,TCK,
CNQ,AAPL....
SNDK,AMZN,MSFT reports AH.....MSFT may surprise with
better than consensus numbers.....
BLOG does NOT give buy or sell.
Saleem
Indices are UP from 2% to 2.33%......
Technical picture improved big time as all indices are above 50 DMA....almost ready to take out 200 DMA.....
Gold UP $4.40
Oil UP $2.04
Canadian $ UP 1.09 cent @ 96.39
Portfolio is BIDU,CSIQ,CREE,EGO,LVS...
VIX Down 4.99% to 24.36
@ 12.39 following are UP 2% or more :
BIDU,CREE,EGO,LVS,LRCX,MSFT,RVBD,
VMW,RIMM,C,BAC,BCSI,IBN,SOHU,CCJ,
MA,V,NDN,M,EXPE,X,IPI,GNK,SLW,TCK,
CNQ,AAPL....
SNDK,AMZN,MSFT reports AH.....MSFT may surprise with
better than consensus numbers.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 21, 2010
Fed comment "derailed third day of rally"
Indices were in green when waiting game started for 2 PM testimony by Ben Bernanke....then came the mother of all comment from Fed Chief "US faces unusually uncertain economic prospects"
I think he gave a similar message in Fed minutes few days ago...BUT market ignored it...& rallied....today same jest BUT panic selling......
So..... we closed near lows of the day on a touch higher volume.......
Is it any different than what we have faced since April highs...absolutely NOT.....I firmly believe that we have enough worry now..so we can climb this wall of worry as in the past....
Market will regroup & will work its way higher.......
Actually today could have been a very positive day as S&P 500 peeked above 50 DMA & Nasdaq missed it by a hair...then Ben-phobia took over and down we went.....
BUT in the end it was NOT a tumble of serious proportion....down 1.07% to 1.58%......
VIX UP 7.15% @ 25.64
Strong stocks today which were UP 2% or more included :
CSIQ,MS,TCK,CRUS,LDK.....
AH Futures Mixed
AH Asian Markets Mixed
AH Gold Down
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
I think he gave a similar message in Fed minutes few days ago...BUT market ignored it...& rallied....today same jest BUT panic selling......
So..... we closed near lows of the day on a touch higher volume.......
Is it any different than what we have faced since April highs...absolutely NOT.....I firmly believe that we have enough worry now..so we can climb this wall of worry as in the past....
Market will regroup & will work its way higher.......
Actually today could have been a very positive day as S&P 500 peeked above 50 DMA & Nasdaq missed it by a hair...then Ben-phobia took over and down we went.....
BUT in the end it was NOT a tumble of serious proportion....down 1.07% to 1.58%......
VIX UP 7.15% @ 25.64
Strong stocks today which were UP 2% or more included :
CSIQ,MS,TCK,CRUS,LDK.....
AH Futures Mixed
AH Asian Markets Mixed
AH Gold Down
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
BIDU ER is a beat on Sales & EPS...NICE !!!!
BIDU is reporting a beat on Sales & EPS in Q2......
BIDU also guiding higher than consensus ......
Sales actual $282.3 million vs consensus of $276.7 million a beat by $5.6 Million
EPS actual 35 cents vs consensus of 31 cents a beat by 4 cents
Guiding Sales for Q3 $324.4 million to $333.3 million vs consensus of $321.55 million....
BIDU UP $3.41 in AH @ $76.72
CC starts @ 8PM EST
BLOG does NOT give buy or sell.
Saleem
BIDU also guiding higher than consensus ......
Sales actual $282.3 million vs consensus of $276.7 million a beat by $5.6 Million
EPS actual 35 cents vs consensus of 31 cents a beat by 4 cents
Guiding Sales for Q3 $324.4 million to $333.3 million vs consensus of $321.55 million....
BIDU UP $3.41 in AH @ $76.72
CC starts @ 8PM EST
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 green AGAIN....Nasdaq to follow !!!!!
Indices were hit with serious profit taking after open & went into red.....
After three hours buyers are stepping in & Dow & S&P 500 has crossed into green.....
Gold UP 60 cents
Oil Down 24 cents
Canadian $ UP 22 tick to 95.96
In my portfolio :
Sold AAPL
Bought BIDU @ $75.16
Bought CSIQ @ $13.46
Portfolio is BIDU,CSIQ,CREE,EGO,LVS......
BIDU reports AH....expecting a beat !!!!
@ 12.29 following are green :
BIDU,EGO,CSIQ,LVS,AAPL,ABX,CRUS,SNDK,GOOG,VMW,
MS,GS,TSL,SOLF,ASIA,IBN,SOHU,MA,M,EXPE,X,TCK,
FMCN,GG,CTRN,LULU,WYNN,GAME,LDK....
BLOG does NOT give buy or sell.
Saleem
After three hours buyers are stepping in & Dow & S&P 500 has crossed into green.....
Gold UP 60 cents
Oil Down 24 cents
Canadian $ UP 22 tick to 95.96
In my portfolio :
Sold AAPL
Bought BIDU @ $75.16
Bought CSIQ @ $13.46
Portfolio is BIDU,CSIQ,CREE,EGO,LVS......
BIDU reports AH....expecting a beat !!!!
@ 12.29 following are green :
BIDU,EGO,CSIQ,LVS,AAPL,ABX,CRUS,SNDK,GOOG,VMW,
MS,GS,TSL,SOLF,ASIA,IBN,SOHU,MA,M,EXPE,X,TCK,
FMCN,GG,CTRN,LULU,WYNN,GAME,LDK....
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 20, 2010
Dow closed above 50 DMA...NICE !!!!
Today was a classic "reversal day"......Down sharply @ open then closing @ high of the day in all indices......
Dow closed above 50 DMA...which is "extremely significant"...
S&P 500 is only 5 points away from 50 DMA.....while Nasdaq is only 18 points away....
Internals of the market were strong......
Feel sorry for Guy Adami who has been looking for 850 in S&P 500 for almost a year..he is on "trauma leave" today.....
One of these days Brian Kelly will actually talk sense on live TV.....
AH we had great ER from AAPL & VMW.....both UP sharply AH..AAPL UP $7.31 on 5.69 million shares..VMW UP $3.83 on 703,505 shares
BIDU reports AH Wed..expecting a beat.....
AH Futures Mixed
AH Asian markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Dow closed above 50 DMA...which is "extremely significant"...
S&P 500 is only 5 points away from 50 DMA.....while Nasdaq is only 18 points away....
Internals of the market were strong......
Feel sorry for Guy Adami who has been looking for 850 in S&P 500 for almost a year..he is on "trauma leave" today.....
One of these days Brian Kelly will actually talk sense on live TV.....
AH we had great ER from AAPL & VMW.....both UP sharply AH..AAPL UP $7.31 on 5.69 million shares..VMW UP $3.83 on 703,505 shares
BIDU reports AH Wed..expecting a beat.....
AH Futures Mixed
AH Asian markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
AAPL beats on Sales & EPS....NICE !!!!
AAPL Q3 ER is a beat on Sales & EPS.....
Sales actual $15.7 Billion vs estimate of $14.75 billion a beat by $950 Million
EPS actual $3.51 vs estimate of $3.11 a beat by 40 cents
Guidance for Q4 :
Sales $18 Billion vs estimate of $17.03 Billion ..guiding higher by $997 Million
EPS $3.44 vs estimate of $3.82....usual sandbagging....
AAPL UP AH another $7 @ $258.95..closed @ $251.89......
CC starts @ 5.00 EST
BLOG does NOT give buy or sell.
Saleem
Sales actual $15.7 Billion vs estimate of $14.75 billion a beat by $950 Million
EPS actual $3.51 vs estimate of $3.11 a beat by 40 cents
Guidance for Q4 :
Sales $18 Billion vs estimate of $17.03 Billion ..guiding higher by $997 Million
EPS $3.44 vs estimate of $3.82....usual sandbagging....
AAPL UP AH another $7 @ $258.95..closed @ $251.89......
CC starts @ 5.00 EST
BLOG does NOT give buy or sell.
Saleem
.53% to .86% decline in Indices....not bad @ all !!!!
Indices were all set to decline right after close last night as IBM & TXN did not excite anybody with their ER......
S&P 500 went to 1056.88 & came back UP above support area ....currently around 1065..Bears dream of major slump are NOT happening..maybe they should try harder on CNBC....
Gold UP $9.90
Oil UP 44 cents
Canadian $ UP 31 tick to 95.05...Canadian Central Bank raised interest rate by .25%..BUT downgraded growth rate for Canada slightly till 2011.....
Portfolio is AAPL,CREE,EGO,LVS......
AAPL reports tonight...guidance should be strong....ihope
@ 12.44 following are Green :
AAPL,EGO,LVS,ABX,GOOG,POT,GS,CSIQ,
MA,V,X,IPI,GNK,TCK,ICE,WYNN,AEM,FUQI,
FSLR,FWLT....
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1056.88 & came back UP above support area ....currently around 1065..Bears dream of major slump are NOT happening..maybe they should try harder on CNBC....
Gold UP $9.90
Oil UP 44 cents
Canadian $ UP 31 tick to 95.05...Canadian Central Bank raised interest rate by .25%..BUT downgraded growth rate for Canada slightly till 2011.....
Portfolio is AAPL,CREE,EGO,LVS......
AAPL reports tonight...guidance should be strong....ihope
@ 12.44 following are Green :
AAPL,EGO,LVS,ABX,GOOG,POT,GS,CSIQ,
MA,V,X,IPI,GNK,TCK,ICE,WYNN,AEM,FUQI,
FSLR,FWLT....
BLOG does NOT give buy or sell.
Saleem
Monday, July 19, 2010
Indices UP .56% to .88% @ close...NICE !!!
Indices were all green @ close.....
S&P 500 closed @ 1071.25...
AH TXN & IBM ER was a slight downer...TXN down 5.28% & IBM down 4.30% AH
Bears are claiming victory AH & looking for "new lows" in indices AGAIN.... all due to "in-line ER"....
I think bears will be disappointed by close on Tuesday......
GS reports before open...should be a beat.....
AAPL reports AH..should be a slight beat BUT guidance for a change to be "close to consensus"
Stocks that were UP 2% or more included CREE,RVBD,ASIA,PMCS,
M,RIMM,MRVL,TSL,JASO,SOL,C,LSCC.....
AH Futures Down
AH Oil UP
AH Gold Down
AH Singapore UP
AH Nikkei Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1071.25...
AH TXN & IBM ER was a slight downer...TXN down 5.28% & IBM down 4.30% AH
Bears are claiming victory AH & looking for "new lows" in indices AGAIN.... all due to "in-line ER"....
I think bears will be disappointed by close on Tuesday......
GS reports before open...should be a beat.....
AAPL reports AH..should be a slight beat BUT guidance for a change to be "close to consensus"
Stocks that were UP 2% or more included CREE,RVBD,ASIA,PMCS,
M,RIMM,MRVL,TSL,JASO,SOL,C,LSCC.....
AH Futures Down
AH Oil UP
AH Gold Down
AH Singapore UP
AH Nikkei Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 staying above 1060 support area...NICE !!!
Indices are all green after being red after builder's sentiment are going lower.....
S&P 500 low today is 1061.11....support of 1060 is holding....
Oil UP 16 cents
Gold Down $8.00
Canadian $ Down 16 tick to 94.76
Portfolio is AAPL,CREE,EGO,LVS......
@ 12.39 following are green :
CREE,TSL,GOOG,LRCX,RVBD,ASIA,
AMZN,MRVL,VMW,RIMM,SOHU,
RCI,ICE,FSLR.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today is 1061.11....support of 1060 is holding....
Oil UP 16 cents
Gold Down $8.00
Canadian $ Down 16 tick to 94.76
Portfolio is AAPL,CREE,EGO,LVS......
@ 12.39 following are green :
CREE,TSL,GOOG,LRCX,RVBD,ASIA,
AMZN,MRVL,VMW,RIMM,SOHU,
RCI,ICE,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 18, 2010
Was Friday's slump start of a downtrend ?
S&P 500 went from 1010.91 to 1099.46 a jump of 88.55 points or +8.76% in a straight line...
We had an "uninterrupted uptrend for seven straight days" a rarity in trading.....so a pullback was inevitable..lousy consumer sentiment or not.....
SO..Friday was Option Expiry when MM are in total control.....then came bad consumer sentiment data....a stat which is highly questionable @ best...so down we went in a hurry to 1063.32...a pullback of 36.14 points or 3.29% from recent high......
SO..we have a retracement of 37.56% of recent gains......
This pullback is extremely healthy which will bring support to S&P 500 around 1060 area....
NO..nothing has changed in the economic picture...some data are backward looking.....
Too many traders are reacting to any negative data...instead of buying good stocks @ lower prices.....
There is a tendency to WAIT forever for LOWER prices...I do not know anyone who can time the market or stock prices......IF you have ever done it once...you were just lucky.....
Market will move higher because of better earning reports & just MAY get out of this trading range and form a new higher trading range....
IF ...you have strong diversified portfolio ..there is a very good chance that you will have profitable trades many times.....
YES...US markets will remain range bound...that is what is happening..once there is more economic clarity & growth ...then there MAY be a sustained uptrend....maybe in Q4....
Here is my $/Sector allocation as of Friday :
AAPL 36.60% Tech/Smartphone,Computer
EGO 27.38% Gold Mining
LVS 20.86% Casino Operator
CREE 15.16% Tech/LED
Being diversified always reduces risk.
Good luck in your OWN investing/trading style.
BLOG does NOT give buy or sell.
Saleem
We had an "uninterrupted uptrend for seven straight days" a rarity in trading.....so a pullback was inevitable..lousy consumer sentiment or not.....
SO..Friday was Option Expiry when MM are in total control.....then came bad consumer sentiment data....a stat which is highly questionable @ best...so down we went in a hurry to 1063.32...a pullback of 36.14 points or 3.29% from recent high......
SO..we have a retracement of 37.56% of recent gains......
This pullback is extremely healthy which will bring support to S&P 500 around 1060 area....
NO..nothing has changed in the economic picture...some data are backward looking.....
Too many traders are reacting to any negative data...instead of buying good stocks @ lower prices.....
There is a tendency to WAIT forever for LOWER prices...I do not know anyone who can time the market or stock prices......IF you have ever done it once...you were just lucky.....
Market will move higher because of better earning reports & just MAY get out of this trading range and form a new higher trading range....
IF ...you have strong diversified portfolio ..there is a very good chance that you will have profitable trades many times.....
YES...US markets will remain range bound...that is what is happening..once there is more economic clarity & growth ...then there MAY be a sustained uptrend....maybe in Q4....
Here is my $/Sector allocation as of Friday :
AAPL 36.60% Tech/Smartphone,Computer
EGO 27.38% Gold Mining
LVS 20.86% Casino Operator
CREE 15.16% Tech/LED
Being diversified always reduces risk.
Good luck in your OWN investing/trading style.
BLOG does NOT give buy or sell.
Saleem
Saturday, July 17, 2010
Buy rated stocks.....
Following stocks are trading above 50 DMA & 200 DMA which shows relative strength.Please do your OWN due diligence by checking FA/TA/TAPE.
SOL,SOLF,JASO,TSL,FSLR,
BIDU,SINA,
EMC,VMW,
BRCM,RVBD,LRCX,CRUS,OVTI,
CTSH,
PCLN,
F,
MCD.
I have separated these stocks into sectors for your analysis.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
SOL,SOLF,JASO,TSL,FSLR,
BIDU,SINA,
EMC,VMW,
BRCM,RVBD,LRCX,CRUS,OVTI,
CTSH,
PCLN,
F,
MCD.
I have separated these stocks into sectors for your analysis.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, July 16, 2010
3.15% pullback in S&P 500 from its recent high......
Indices were given a two prong punch...first by consumer sentiment & knockout punch by option expiry......
Indices slumped 2.52% to 3.11% in a single day....Nasdaq being the worst..thanks to GOOG miss on EPS....
S&P 500 has retraced 3.15% from its recent high....
RSI in S&P 500 is @ 45.38.....
Consumer sentiment slump is almost "not to be believed"..we are @ Oct 08 low or post 911 low...does not make sense ?
Internals were really weak.....
BUT..there is a "silver lining"..VIX which was UP 12.01% @ one time in the early going...actually kept going down as indices were slumping ..so we closed @ UP 4.42%....based on todays slump VIX should have been UP 20%+
By noon Saturday....i will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Indices slumped 2.52% to 3.11% in a single day....Nasdaq being the worst..thanks to GOOG miss on EPS....
S&P 500 has retraced 3.15% from its recent high....
RSI in S&P 500 is @ 45.38.....
Consumer sentiment slump is almost "not to be believed"..we are @ Oct 08 low or post 911 low...does not make sense ?
Internals were really weak.....
BUT..there is a "silver lining"..VIX which was UP 12.01% @ one time in the early going...actually kept going down as indices were slumping ..so we closed @ UP 4.42%....based on todays slump VIX should have been UP 20%+
By noon Saturday....i will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
2.74% pullback from recent high in S&P 500 so far......
Indices are in full retreat after going straight up for seven days....
Thus it is extremely important to book profit when everyone is feeling good about market....
This is a traders market unless you have a several years time frame you are working with...
Gold Down $18.40
Oil Down 93 cents
Canadian $ Down 1.20 cents to 94.86 due to weaker economic environment in US...
VIX UP 9.35% @ 27.49
Portfolio is AAPL,CREE,EGO,LVS....
Post was delayed for AAPL reaction to its press conference.....reaction was positive initially but market is @ low of the day now ....thus AAPL is also down...
AAPL offering free protective case to users.....
Most stocks are down
@ 1.49 following stocks are green :
GS,GNK,TSL,SINA.....
BLOG does NOT give buy or sell.
Saleem
Thus it is extremely important to book profit when everyone is feeling good about market....
This is a traders market unless you have a several years time frame you are working with...
Gold Down $18.40
Oil Down 93 cents
Canadian $ Down 1.20 cents to 94.86 due to weaker economic environment in US...
VIX UP 9.35% @ 27.49
Portfolio is AAPL,CREE,EGO,LVS....
Post was delayed for AAPL reaction to its press conference.....reaction was positive initially but market is @ low of the day now ....thus AAPL is also down...
AAPL offering free protective case to users.....
Most stocks are down
@ 1.49 following stocks are green :
GS,GNK,TSL,SINA.....
BLOG does NOT give buy or sell.
Saleem
Thursday, July 15, 2010
Last minute buying brought indices to mixed close...NICE !!!
Indices were under pressure due to option expiry ...but we managed to close near unchanged levels...quite an achievement & asserts technical strength of this market.
AH many news affected trading......first GS settlement with SEC & GOOG miss on EPS..GS UP $6.73 & GOOG Down $19.52....
Strong stocks which were UP 2% or more included CCJ,GS,IPI,POT,AGU,
SOLF,BZH.....
Euro hit another high today around 1.2928
In my portfolio :
Sold CSIQ
Bought LVS @ $24.12
Portfolio is AAPL,CREE,EGO,LVS
AH Futures mixed
AH Asian market mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
AH many news affected trading......first GS settlement with SEC & GOOG miss on EPS..GS UP $6.73 & GOOG Down $19.52....
Strong stocks which were UP 2% or more included CCJ,GS,IPI,POT,AGU,
SOLF,BZH.....
Euro hit another high today around 1.2928
In my portfolio :
Sold CSIQ
Bought LVS @ $24.12
Portfolio is AAPL,CREE,EGO,LVS
AH Futures mixed
AH Asian market mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Overbought & Option related pullback......
Indices are reacting to overbought conditions & Option related pullback....
Indices are down about 1% after being UP six to seven days in a row.....
Gold UP $1.90
Oil Down $1.33
Canadian $ Down 58 tick to 96.08
VIX UP 6.67% to 26.55
Portfolio is AAPL,CSIQ,CREE,EGO.....
Most stocks are down....
@ 12.41 following are green :
POT,IPI,AGU,GS,NDN,PMCS,RIMM,SINA,
JRCC,CCJ.....
BLOG does NOT give buy or sell.
Saleem
Indices are down about 1% after being UP six to seven days in a row.....
Gold UP $1.90
Oil Down $1.33
Canadian $ Down 58 tick to 96.08
VIX UP 6.67% to 26.55
Portfolio is AAPL,CSIQ,CREE,EGO.....
Most stocks are down....
@ 12.41 following are green :
POT,IPI,AGU,GS,NDN,PMCS,RIMM,SINA,
JRCC,CCJ.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 14, 2010
Another constructive close....NICE !!!
Dow & Nasdaq made lucky seven in a row on the upside close.....S&P 500 missed it by a fraction....
Poor retail sales could have done lot of damage & Fed minutes were of no help...BUT we closed mostly on a positive note.
Nasdaq went ABOVE both 50 DMA & 200 DMA BUT we closed lower in both..not by much ..just by 2 & 5 points....
Dow also went above 50 & 200 DMA but held above 50 DMA @ close ..only 8 points below 200 DMA....
S&P 500 closed above 50 DMA..is only 17 points below 200 DMA......
Today internals were weaker than close.....
Stocks which were UP 3% or more included CSIQ,VMW,FUQI,TSL,JASO,STP...
Thursday trading will be impacted by many news....like jobless claims which is expected to be 445,000...
Thursday before open JPM ER & AH GOOG..both expected to be a beat....
China GDP came in @ 11.1% in 1st half from 11.9% in Q1 ....which implies Q2 GDP growth of 10.5 to 10.6%..consensus was 10.5%....but they are not breaking it down....CPI & PPI both fell .6% & .3%..disposoable income up 7.5% & 9.5% in urban & rural category...
AAPL AH announced that they will hold a "press conference" on Friday @ 1PM EST.....which is Option expiry day...it will address all the solutions about iphone4 reception issue......this announcement came after 8 PM when AH trading closed ????
AH Futures Down
AH Asian markets mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Poor retail sales could have done lot of damage & Fed minutes were of no help...BUT we closed mostly on a positive note.
Nasdaq went ABOVE both 50 DMA & 200 DMA BUT we closed lower in both..not by much ..just by 2 & 5 points....
Dow also went above 50 & 200 DMA but held above 50 DMA @ close ..only 8 points below 200 DMA....
S&P 500 closed above 50 DMA..is only 17 points below 200 DMA......
Today internals were weaker than close.....
Stocks which were UP 3% or more included CSIQ,VMW,FUQI,TSL,JASO,STP...
Thursday trading will be impacted by many news....like jobless claims which is expected to be 445,000...
Thursday before open JPM ER & AH GOOG..both expected to be a beat....
China GDP came in @ 11.1% in 1st half from 11.9% in Q1 ....which implies Q2 GDP growth of 10.5 to 10.6%..consensus was 10.5%....but they are not breaking it down....CPI & PPI both fell .6% & .3%..disposoable income up 7.5% & 9.5% in urban & rural category...
AAPL AH announced that they will hold a "press conference" on Friday @ 1PM EST.....which is Option expiry day...it will address all the solutions about iphone4 reception issue......this announcement came after 8 PM when AH trading closed ????
AH Futures Down
AH Asian markets mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Seven straight days of gain in indices...NICE !!!!
Despite poor retail sales indices came back from negative......
Today is seven straight days of gains.....which should encourage profit taking & redeployment of funds in better opportunities.....
Gold UP $2.70
Oil UP 71 cents
Canadian $ UP 34 tick @ 97.01
VIX Down 1.47% @ 24.20
Euro @ 1.2762...highest level since Brian Kelly prediction of par?
In my portfolio :
Bought AAPL @ $ 253.14
Bought CSIQ @ $12.35
Portfolio is AAPL,CSIQ,CREE,EGO.....
$ allocation are :
AAPL 35.92%
EGO 27.59%
CSIQ 20.95%
CREE 15.54%
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
Today is seven straight days of gains.....which should encourage profit taking & redeployment of funds in better opportunities.....
Gold UP $2.70
Oil UP 71 cents
Canadian $ UP 34 tick @ 97.01
VIX Down 1.47% @ 24.20
Euro @ 1.2762...highest level since Brian Kelly prediction of par?
In my portfolio :
Bought AAPL @ $ 253.14
Bought CSIQ @ $12.35
Portfolio is AAPL,CSIQ,CREE,EGO.....
$ allocation are :
AAPL 35.92%
EGO 27.59%
CSIQ 20.95%
CREE 15.54%
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 13, 2010
Indices UP strongly six days in a row...NICE !!!!
All indices were UP from 1.44% to 1.99%..Nasdaq being the strongest.....
AH INTC strong ER giving lift to all techs in AH...INTC UP another 7.04% AH in huge volume of 18.69 million shares in AH...
Internals were strong all over..even Nasdaq had more new 52 wk highs today..first time since test of 1010 in S&P 500.....
Volume also was higher.....
ONLY surprise of today was..... that VIX actually moved UP .53% to 24.56 ?
Technically speaking Dow closed above 50 DMA & is only 7 points away from closing above 200 DMA also......good technical picture....
S&P 500 also went above 50 DMA but closed fractions lower.....
RSI in S&P 500 is 55.98.....60 area MAY trigger profit taking......
AH Futures are UP
AH Asian markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
AH INTC strong ER giving lift to all techs in AH...INTC UP another 7.04% AH in huge volume of 18.69 million shares in AH...
Internals were strong all over..even Nasdaq had more new 52 wk highs today..first time since test of 1010 in S&P 500.....
Volume also was higher.....
ONLY surprise of today was..... that VIX actually moved UP .53% to 24.56 ?
Technically speaking Dow closed above 50 DMA & is only 7 points away from closing above 200 DMA also......good technical picture....
S&P 500 also went above 50 DMA but closed fractions lower.....
RSI in S&P 500 is 55.98.....60 area MAY trigger profit taking......
AH Futures are UP
AH Asian markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
INTC beat on Top & bottom line...NICE !!!
INTC ER was a beat on Sales & EPS.....stock UP AH 7.68%....
All techs are UP AH...
Sold BIDU,SNDK & CSIQ
Portfolio is CREE & EGO.....
Quadrupled my position in EGO today..cost now $16.79
BLOG does NOT give buy or sell.
Saleem
All techs are UP AH...
Sold BIDU,SNDK & CSIQ
Portfolio is CREE & EGO.....
Quadrupled my position in EGO today..cost now $16.79
BLOG does NOT give buy or sell.
Saleem
Strong TAPE today...NICE !!!!
All indices are making higher highs & are UP strongly.....1.5% gain in all indices.....
INTC can further lit the fire tonight.....
Gold UP $18.00
Oil UP $2.11
Canadian $ UP 71 tick @ 97.23
In my portfolio :
Added 75% more EGO @ $16.82
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK......
Most stocks are UP
@ 12.17 following are RED :
AAPL,SNDK,MA,V,PMCS,MRVL,TSL,SNDA,
LULU....
BLOG does NOT give buy or sell.
Saleem
INTC can further lit the fire tonight.....
Gold UP $18.00
Oil UP $2.11
Canadian $ UP 71 tick @ 97.23
In my portfolio :
Added 75% more EGO @ $16.82
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK......
Most stocks are UP
@ 12.17 following are RED :
AAPL,SNDK,MA,V,PMCS,MRVL,TSL,SNDA,
LULU....
BLOG does NOT give buy or sell.
Saleem
Monday, July 12, 2010
AH ER were a "good start"......
AA,NVLS,CSX all had ER AH & are trading UP....a very good start to earning season.....
INTC is up next on Tuesday AH..expectations are 43 cents & guidance of 48 cents for Q3....
Indices closed green five days in a row.....which is nice.....
Internals were mixed.....
Stocks which were UP 3% or more included SNDK,MRVL,CCJ.....
AH Futures are UP
AH Asian market UP
AH Oil,Gold,Canadian $ UP
Looks like Tuesday is shaping UP to be a good day in markets.....
BLOG does NOT give buy or sell.
Saleem
INTC is up next on Tuesday AH..expectations are 43 cents & guidance of 48 cents for Q3....
Indices closed green five days in a row.....which is nice.....
Internals were mixed.....
Stocks which were UP 3% or more included SNDK,MRVL,CCJ.....
AH Futures are UP
AH Asian market UP
AH Oil,Gold,Canadian $ UP
Looks like Tuesday is shaping UP to be a good day in markets.....
BLOG does NOT give buy or sell.
Saleem
Market expecting "good earning reports".....
Today is the start of earning season with AA......
Market TAPE is anticipating "strong earnings overall"....
After initial digestion of four days gains......market seems ready for another green close.....
Oil Down $1.23
Gold Down $9.90
Canadian $ Down 62 tick @ 96.37
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK.....
Majority of stocks are down...
VIX Down 2.76% @ 24.29
@ 12.19 following are green :
SNDK,CREE,LRCX,GOOG,AMZN,VMW,MRVL,
IBN,CCJ,SINA,SNDA,GAME,SNE....
BLOG does NOT give buy or sell.
Saleem
Market TAPE is anticipating "strong earnings overall"....
After initial digestion of four days gains......market seems ready for another green close.....
Oil Down $1.23
Gold Down $9.90
Canadian $ Down 62 tick @ 96.37
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK.....
Majority of stocks are down...
VIX Down 2.76% @ 24.29
@ 12.19 following are green :
SNDK,CREE,LRCX,GOOG,AMZN,VMW,MRVL,
IBN,CCJ,SINA,SNDA,GAME,SNE....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 11, 2010
Retail panicking & Indices shoots UP 5%+....
RSI was hitting below 30 last week which is a defined buy point BUT retail investors were selling in droves.....individual investors sentiment index hit the lowest point since June 09... they were
57% in Bear camp as of last Thursdays tabulation......
Market always does the opposite of sentiment...so..we rocketed UP 5%+ best showing in a shortened week in a year.....
S&P 500 is only 22.34 points from 50 DMA & only 33.62 from 200 DMA......we should be able to go above those numbers.....
This is Option Expiry week.....there is a strong possibility that we close near high of the week by Friday......
WHY..am i so optimistic when everybody is so scared of this market...because pessimism brings the "biggest opportunity".....
Market has been fed lot of "negative talk by CNBC"....remember "head & shoulders" "death cross" & "double dip".......Talk of "negative TRIFECTA" which was being orchestrated as "triple sell,sell,sell"
Let us take the most popular theory championed by Dr Doom of "double dip"......
Only last week IMF whose job is to closely monitor world economies NOT go on CNBC daily.....came up with the following numbers on GDP ....
US 2010 +3.25%.......2011 +3%
China 2010 +10.5%..2011 +9.6%
India 2010 +9.4%..2011 +8.4%
Russia 2010 +4.3%.2011 +4.1%
Brazil 2010 +7.1%...2011 +4.2%
UK 2010 +1.2%.......2011 +2.1%
Germany 2010 +1.4%2011 +1.6%
France 2010 +1.4%...2011 +1.6%
Greece 2010 <2%>.. 2011 <1%>
Spain 2010 <.4%>... 2011 +.6%
I am sure many of you are surprised @ these IMF projections.....as CNBC has been relentless in pushing "Double dip" & "recession"......so retail investors got scared & have been selling.
Even IF world economies slows down further......we will still be more than fine.....NO double dip !!!
Hopefully, markets will be UP enough to bring back investors confidence.......
Stay diversified & stay invested @ these lower levels.
BLOG does NOT give buy or sell.
Saleem
57% in Bear camp as of last Thursdays tabulation......
Market always does the opposite of sentiment...so..we rocketed UP 5%+ best showing in a shortened week in a year.....
S&P 500 is only 22.34 points from 50 DMA & only 33.62 from 200 DMA......we should be able to go above those numbers.....
This is Option Expiry week.....there is a strong possibility that we close near high of the week by Friday......
WHY..am i so optimistic when everybody is so scared of this market...because pessimism brings the "biggest opportunity".....
Market has been fed lot of "negative talk by CNBC"....remember "head & shoulders" "death cross" & "double dip".......Talk of "negative TRIFECTA" which was being orchestrated as "triple sell,sell,sell"
Let us take the most popular theory championed by Dr Doom of "double dip"......
Only last week IMF whose job is to closely monitor world economies NOT go on CNBC daily.....came up with the following numbers on GDP ....
US 2010 +3.25%.......2011 +3%
China 2010 +10.5%..2011 +9.6%
India 2010 +9.4%..2011 +8.4%
Russia 2010 +4.3%.2011 +4.1%
Brazil 2010 +7.1%...2011 +4.2%
UK 2010 +1.2%.......2011 +2.1%
Germany 2010 +1.4%2011 +1.6%
France 2010 +1.4%...2011 +1.6%
Greece 2010 <2%>.. 2011 <1%>
Spain 2010 <.4%>... 2011 +.6%
I am sure many of you are surprised @ these IMF projections.....as CNBC has been relentless in pushing "Double dip" & "recession"......so retail investors got scared & have been selling.
Even IF world economies slows down further......we will still be more than fine.....NO double dip !!!
Hopefully, markets will be UP enough to bring back investors confidence.......
Stay diversified & stay invested @ these lower levels.
BLOG does NOT give buy or sell.
Saleem
Saturday, July 10, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
POT,BRCM,KLIC,PAL,ATML,LSCC,ASIA,
TCK,GOOG,OVTI,BUCY,GAME.....
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
POT,BRCM,KLIC,PAL,ATML,LSCC,ASIA,
TCK,GOOG,OVTI,BUCY,GAME.....
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, July 9, 2010
Indices closed near High Of The Day....NICE !!!
Indices were strong & closed near high of the day......
Indices were UP four days in a row & making higher highs....
Market internals were strong.....NYSE had way more 52 wk highs BUT Nasdaq still making more 52 wk lows...but the gap is closing....
VIX closed down 2.84% @ 24.98
Gold,Oil ,Euro & Canadian $ were strong...
By noon on Saturday..i will post buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Indices were UP four days in a row & making higher highs....
Market internals were strong.....NYSE had way more 52 wk highs BUT Nasdaq still making more 52 wk lows...but the gap is closing....
VIX closed down 2.84% @ 24.98
Gold,Oil ,Euro & Canadian $ were strong...
By noon on Saturday..i will post buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Higher highs in all indices..before pulling back.....
Indices are trying to make four days in a row of green close...it has a good chance of doing just that....
All indices went to higher highs four days in a row...sign of technical strength.....
Gold UP $17.20
Oil Up 6 cents
Canadian $ UP 1.13 cents to 96.82..Canadian Jobs report were way stronger than economists consensus of 15k to 20k..actual 93,200...that group of economists includes David Rosenberg..who cannot even predict Canadian economy BUT pretends to know all the bad things about US economy.....Unemployment rate in Canada went down to 7.9%....
In my portfolio :
Doubled my position in CSIQ @ $11.28.....still my smallest position overall.....it is my "speculative play"
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK....
@ 12.59 following are green :
EGO,RIMM,POT,GOOG,GS,LRCX,RY,MS,
BCSI,IBN,MA,V,X,AGU,IAG,GG,SLW,TCK....
BLOG does NOT give buy or sell.
Saleem
All indices went to higher highs four days in a row...sign of technical strength.....
Gold UP $17.20
Oil Up 6 cents
Canadian $ UP 1.13 cents to 96.82..Canadian Jobs report were way stronger than economists consensus of 15k to 20k..actual 93,200...that group of economists includes David Rosenberg..who cannot even predict Canadian economy BUT pretends to know all the bad things about US economy.....Unemployment rate in Canada went down to 7.9%....
In my portfolio :
Doubled my position in CSIQ @ $11.28.....still my smallest position overall.....it is my "speculative play"
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK....
@ 12.59 following are green :
EGO,RIMM,POT,GOOG,GS,LRCX,RY,MS,
BCSI,IBN,MA,V,X,AGU,IAG,GG,SLW,TCK....
BLOG does NOT give buy or sell.
Saleem
Thursday, July 8, 2010
Strong close AGAIN......NICE !!!!
Indices are UP three days in a row...a rare event since April......
Many traders & investors are caught off-guard with this rally & do not know IF they should believe it..this includes both long & short ????
Because so many are under/over exposed in this market ..this rally MAY stretch to 1100+ in this run in S&P 500..
Summer is generally tough for bulls which MAY be the same this time around.....???
Internals of the market were strong & after many days new 52 wk highs were in the lead in NYSE by a wide margin...Nasdaq still making more new 52 wk lows....
All in all technicals are on firmer footing......
Dow closed @ 10,138.99...50 DMA is 10,320.98 & 200 DMA is 10,363.39...NOT too far from here......
VIX down 4.21% to 25.71
Stocks which were UP 2% or more included M,AMZN,POT,IPI,AGU,
TSL,TCK,CNQ,JASO,SOL,SOLF,STP,FUQI.....
AH Futures Down
AH Asian markets mixed
AH Oil & gold UP
BLOG does NOT give buy or sell.
Saleem
Many traders & investors are caught off-guard with this rally & do not know IF they should believe it..this includes both long & short ????
Because so many are under/over exposed in this market ..this rally MAY stretch to 1100+ in this run in S&P 500..
Summer is generally tough for bulls which MAY be the same this time around.....???
Internals of the market were strong & after many days new 52 wk highs were in the lead in NYSE by a wide margin...Nasdaq still making more new 52 wk lows....
All in all technicals are on firmer footing......
Dow closed @ 10,138.99...50 DMA is 10,320.98 & 200 DMA is 10,363.39...NOT too far from here......
VIX down 4.21% to 25.71
Stocks which were UP 2% or more included M,AMZN,POT,IPI,AGU,
TSL,TCK,CNQ,JASO,SOL,SOLF,STP,FUQI.....
AH Futures Down
AH Asian markets mixed
AH Oil & gold UP
BLOG does NOT give buy or sell.
Saleem
Higher Highs then pullback....normal Tape !!!!
Indices went to higher highs then profit taking sets in......
Indices pullback is normal after back to back jump.....
Initial jobless claims were less than consensus..sign of job situation getting better gradually...
European markets are UP third day in a row....
Euro @ 1.2660 Highest level in weeks...
Gold down $6.70
Oil UP 94 cents
Canadian $ UP 51 tick to 95.79
In my portfolio :
Bought EGO @ $16.56
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK...
Most stocks are down....
@ 12.25 following are green :
POT,AMZN,GOOG,MS,TSL,STP,JASO,
MA,AGU,CNQ,TCK,IPI,M,V,IBN,FMCN,
RCI,ECA,SNDA,LULU,FUQI,NYX,FSLR,
LDK,SPWRA,FWLT,SNE....
BLOG does NOT give buy or sell.
Saleem
Indices pullback is normal after back to back jump.....
Initial jobless claims were less than consensus..sign of job situation getting better gradually...
European markets are UP third day in a row....
Euro @ 1.2660 Highest level in weeks...
Gold down $6.70
Oil UP 94 cents
Canadian $ UP 51 tick to 95.79
In my portfolio :
Bought EGO @ $16.56
Portfolio is BIDU,CSIQ,CREE,EGO,SNDK...
Most stocks are down....
@ 12.25 following are green :
POT,AMZN,GOOG,MS,TSL,STP,JASO,
MA,AGU,CNQ,TCK,IPI,M,V,IBN,FMCN,
RCI,ECA,SNDA,LULU,FUQI,NYX,FSLR,
LDK,SPWRA,FWLT,SNE....
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 7, 2010
3.13% advance in S&P 500 & Nasdaq...NICE !!!!
Indices were on a roll today with 3.13% advance in S&P 500 & Nasdaq while Dow tacked on a gain of 2.82%......
All indices closed near high of the day....
Internals were strong.....
VIX closed down 9.48% @ 26.84
Stocks which closed UP 5% or more included BIDU,CREE,CSIQ,
LRCX,RVBD,GNK,VMW,TSL,LVS,CCJ,PMCS,X,TCK,SOL,SOLF,STP,
JDSU,FNSR,MU.....
AH Futures UP
AH Asian market UP
AH Oil,Gold UP
AH Euro & Canadian $ UP
BLOG does NOT give buy or sell.
Saleem
All indices closed near high of the day....
Internals were strong.....
VIX closed down 9.48% @ 26.84
Stocks which closed UP 5% or more included BIDU,CREE,CSIQ,
LRCX,RVBD,GNK,VMW,TSL,LVS,CCJ,PMCS,X,TCK,SOL,SOLF,STP,
JDSU,FNSR,MU.....
AH Futures UP
AH Asian market UP
AH Oil,Gold UP
AH Euro & Canadian $ UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 green & well above 1040 area...NICE !!!!
All Indices are green for second day in a row..which is significant from technical point of view....
Looks like all the doom & gloom was priced in @ 1010 in S&P 500....
VIX Down 6.04% @ 27.86
Europe is also UP second day in a row...
Gold Down $2.40
Oil UP $1.42
Canadian $ UP 17 tick @ 95.03
In my portfolio :
Bought CSIQ @ $10.77
Portfolio is BIDU,CSIQ,CREE,SNDK....
Most stocks are UP nicely.
BLOG does NOT give buy or sell.
Saleem
Looks like all the doom & gloom was priced in @ 1010 in S&P 500....
VIX Down 6.04% @ 27.86
Europe is also UP second day in a row...
Gold Down $2.40
Oil UP $1.42
Canadian $ UP 17 tick @ 95.03
In my portfolio :
Bought CSIQ @ $10.77
Portfolio is BIDU,CSIQ,CREE,SNDK....
Most stocks are UP nicely.
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 6, 2010
1st green close in days.....
The only saving grace for today was, that we closed green in all indices.First green close in many days.
Internals were negative...
Europe had a strong close of almost + 3%..but here in US....it is all pre-programmed computers
churning on a dime.....
Euro closed @ 1.2625..highest close in weeks
Australia left their Interest rate unchanged.
Stocks which were green @ close included SNDK,CREE,JASO,STP,CSIQ,
AMZN,ISRG,BAC,TCK,AAPL,X,CCJ,VMW,SOHU,GS,ASIA.....
AH futures mixed
AH Singapore UP
AH Nikkei Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Internals were negative...
Europe had a strong close of almost + 3%..but here in US....it is all pre-programmed computers
churning on a dime.....
Euro closed @ 1.2625..highest close in weeks
Australia left their Interest rate unchanged.
Stocks which were green @ close included SNDK,CREE,JASO,STP,CSIQ,
AMZN,ISRG,BAC,TCK,AAPL,X,CCJ,VMW,SOHU,GS,ASIA.....
AH futures mixed
AH Singapore UP
AH Nikkei Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Weak technical rebound.....
Indices opened higher on oversold condition....
Indices are near lows of the day....still green
Gold Down $12.20
Oil UP $1.29
Canadian $ UP 1.30 cents @ 95.15
In my portfolio :
Sold AAPL
Sold POT
Portfolio is BIDU,CREE,SNDK.....
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
Indices are near lows of the day....still green
Gold Down $12.20
Oil UP $1.29
Canadian $ UP 1.30 cents @ 95.15
In my portfolio :
Sold AAPL
Sold POT
Portfolio is BIDU,CREE,SNDK.....
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
Sunday, July 4, 2010
IS 17.12% correction discounting US slowdown ????
Message of the market has been clear.....there ARE issues in US economic picture....worlds biggest importer of all goods...which in turn affects China the biggest exporter of most things...
HOW this tussle of hyper growth in China & slowing US economy will play out is still NOT clear...
BUT the market has sent a clear message that US is struggling with anaemic growth while China ,India & Brazil are in healthy 7% to 9% GDP growth....
Markets generally "overshoots" in digestive process also..which IS where we are.....
Overall world economy IS much healthier than the commentary in CNBC..BUT CNBC thrives on "negativity"...
Even US will end up with 3% GDP growth for 2010.....NOT a definition of "double dip in economics 101"..BUT CNBC ignores all economics definition to "allow their programming to inject fear"
SO..many have panicked into selling their trading positions & long term investors are switching into "safer money market funds"...as evidenced by lower bond yield...
NOW...the question is .....who is left to sell ?
OR..how much more selling can be generated by "pre-programmed computers"...?????
IF we look @ market stat...S&P 500 have corrected 17.12% from its high in April..on a closing basis we are down 16.17% in a short 12 week span......
So what is the prediction for S&P 500 by chartist/bear....880......
The question is will we ever get even close to that number ????
RSI in S&P 500 is 30.28...where there is "buying support"......
The simple question we all have to ask......ARE we as bad as "financial meltdown of 2008"?
IF you put this question to any bear in any forum..they will reluctantly agree that it is NOT as bad or even close to it........
AGAIN......market gives "unreal buying opportunity" every so often..& this MAY be the best one of 2010....
When S&P 500 is down 9 out of 10 trading days & QQQQ is down 10 out of 10 trading days..can we say that "capitulation has already occurred" as evidenced by low volume lately??
Risk reward ratio is pretty compelling.......IF you were buying @ much higher levels..then NOW must be a bargain point....?
Ensure your comfort level BUT have a diversified portfolio of stronger sectors.....
Buy low & sell higher still works.
Most world markets are open on Monday including Canada which MAY give an indication IF selling is over.
BLOG does NOT give buy or sell.
Saleem
HOW this tussle of hyper growth in China & slowing US economy will play out is still NOT clear...
BUT the market has sent a clear message that US is struggling with anaemic growth while China ,India & Brazil are in healthy 7% to 9% GDP growth....
Markets generally "overshoots" in digestive process also..which IS where we are.....
Overall world economy IS much healthier than the commentary in CNBC..BUT CNBC thrives on "negativity"...
Even US will end up with 3% GDP growth for 2010.....NOT a definition of "double dip in economics 101"..BUT CNBC ignores all economics definition to "allow their programming to inject fear"
SO..many have panicked into selling their trading positions & long term investors are switching into "safer money market funds"...as evidenced by lower bond yield...
NOW...the question is .....who is left to sell ?
OR..how much more selling can be generated by "pre-programmed computers"...?????
IF we look @ market stat...S&P 500 have corrected 17.12% from its high in April..on a closing basis we are down 16.17% in a short 12 week span......
So what is the prediction for S&P 500 by chartist/bear....880......
The question is will we ever get even close to that number ????
RSI in S&P 500 is 30.28...where there is "buying support"......
The simple question we all have to ask......ARE we as bad as "financial meltdown of 2008"?
IF you put this question to any bear in any forum..they will reluctantly agree that it is NOT as bad or even close to it........
AGAIN......market gives "unreal buying opportunity" every so often..& this MAY be the best one of 2010....
When S&P 500 is down 9 out of 10 trading days & QQQQ is down 10 out of 10 trading days..can we say that "capitulation has already occurred" as evidenced by low volume lately??
Risk reward ratio is pretty compelling.......IF you were buying @ much higher levels..then NOW must be a bargain point....?
Ensure your comfort level BUT have a diversified portfolio of stronger sectors.....
Buy low & sell higher still works.
Most world markets are open on Monday including Canada which MAY give an indication IF selling is over.
BLOG does NOT give buy or sell.
Saleem
Saturday, July 3, 2010
Buy rated stocks.....
Following stocks are showing relative strength lately in this intense selling.Please do your OWN due diligence by checking FA/TA/TAPE.
AAPL,BIDU,CREE,SNDK,POT,TSL,YGE,
CRUS,GS,RVBD,ASIA,GNK,EGO,SLW,IBN,
MA,V,NDN.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Enjoy long weekend with friends & family.
Saleem
AAPL,BIDU,CREE,SNDK,POT,TSL,YGE,
CRUS,GS,RVBD,ASIA,GNK,EGO,SLW,IBN,
MA,V,NDN.
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Enjoy long weekend with friends & family.
Saleem
Friday, July 2, 2010
Indices closed @ low of the year AGAIN......
Indices are making new lows for the year AGAIN.....
ONLY positive for today that we did not breached the low from yesterday.....
Solar were strong again on Euro being UP...which helps their profitability in their biggest market which is Europe.....
CNBC fast traders are unanimous in their "negativity for the market" which could be a contrary indicator...means selling has been done....
By noon Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
ONLY positive for today that we did not breached the low from yesterday.....
Solar were strong again on Euro being UP...which helps their profitability in their biggest market which is Europe.....
CNBC fast traders are unanimous in their "negativity for the market" which could be a contrary indicator...means selling has been done....
By noon Saturday..I will list buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
Market digesting economic data......
Economic report today is below expectation.
Jobs report showed 83k new jobs vs expectations of 100-110k......YES below BUT improved from 41k last month......
S&P 500 went to 1017.50 as low point so far which IS higher than 1010.91......
RSI in S&P 500 @ 29.99.....
Reaction to economic data & impact of long weekend is pretty tamed so far......
Gold UP 90 cents
Oil Down 93 cents
Canadian $ Down 50 tick to 93.95
Portfolio is AAPL,BIDU,CREE,POT,SNDK...
@ 12.37 following are green :
POT,TSL,CRUS,EGO,ASIA,NDN,V,IPI,IAG,GG,
ECA,AEM,ABX,FUQI,FSLR,SOL.....
BLOG does NOT give buy or sell.
Saleem
Jobs report showed 83k new jobs vs expectations of 100-110k......YES below BUT improved from 41k last month......
S&P 500 went to 1017.50 as low point so far which IS higher than 1010.91......
RSI in S&P 500 @ 29.99.....
Reaction to economic data & impact of long weekend is pretty tamed so far......
Gold UP 90 cents
Oil Down 93 cents
Canadian $ Down 50 tick to 93.95
Portfolio is AAPL,BIDU,CREE,POT,SNDK...
@ 12.37 following are green :
POT,TSL,CRUS,EGO,ASIA,NDN,V,IPI,IAG,GG,
ECA,AEM,ABX,FUQI,FSLR,SOL.....
BLOG does NOT give buy or sell.
Saleem
Thursday, July 1, 2010
Lowest close of 2010 in all Indices ahead of Jobs report....
S&P 500 closed @ 1027.37 @ lowest close of 2010.....
RSI in S&P 500 is 31.22..briefly dipped below 30 matching low of previous selling climax....
All indices closed @ low of 2010....
All indices went back to Sep 08 level a 22 month ago level.......
Now it is all about Jobs report @ 8.30 AM.....
Consensus is private sector job creation of 100k..last month was + 41k..headline number will be negative 100k+++ because of elimination of temporary census jobs...
Markets are deeply oversold so a chance of rally is there.......
Solar stocks were big winner today due to SOL raising guidance & Euro rallying sharply to 1.2515...no more par talk today......
AH Futures Down
AH Nikkei & Singapore UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
RSI in S&P 500 is 31.22..briefly dipped below 30 matching low of previous selling climax....
All indices closed @ low of 2010....
All indices went back to Sep 08 level a 22 month ago level.......
Now it is all about Jobs report @ 8.30 AM.....
Consensus is private sector job creation of 100k..last month was + 41k..headline number will be negative 100k+++ because of elimination of temporary census jobs...
Markets are deeply oversold so a chance of rally is there.......
Solar stocks were big winner today due to SOL raising guidance & Euro rallying sharply to 1.2515...no more par talk today......
AH Futures Down
AH Nikkei & Singapore UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
1010.91 is S&P 500 low so far.......
Indices are in freefall despite worldwide economic growth @ healthy clip.......
China is trying to slowdown property bubble by controlling lending.......SO China which grew @ 11.9% in Q1 wants to have a GDP growth of 9% in second half.......9% growth is slightly lower than their high 9 or 10% GDP for many years......Wall Street loved 9%+ growth before BUT is having seizure on 9% projection for 2nd half......
India is growing @ 7%+
Canada @ 3% GDP growth....
Even much maligned Europe will show Growth overall.....
BUT pre-programmed computerized trading does NOT care about good fundamental..it is all about trading to bring market to certain level THEN reverse.......
Gold Down $30.00
Oil Down $3.04
Canadian $ UP 20 tick @ 94.01
In my portfolio :
Bought AAPL @ $246.95
Portfolio is AAPL,BIDU,CREE,POT,SNDK......
Most stocks are down.....
BLOG does NOT give buy or sell.
Saleem
China is trying to slowdown property bubble by controlling lending.......SO China which grew @ 11.9% in Q1 wants to have a GDP growth of 9% in second half.......9% growth is slightly lower than their high 9 or 10% GDP for many years......Wall Street loved 9%+ growth before BUT is having seizure on 9% projection for 2nd half......
India is growing @ 7%+
Canada @ 3% GDP growth....
Even much maligned Europe will show Growth overall.....
BUT pre-programmed computerized trading does NOT care about good fundamental..it is all about trading to bring market to certain level THEN reverse.......
Gold Down $30.00
Oil Down $3.04
Canadian $ UP 20 tick @ 94.01
In my portfolio :
Bought AAPL @ $246.95
Portfolio is AAPL,BIDU,CREE,POT,SNDK......
Most stocks are down.....
BLOG does NOT give buy or sell.
Saleem
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