All indices closed green.....
Gold closed Down
Oil closed @ multi year high
Stocks which were UP today included PCLN,MGM,RVBD,
AAPL,BIDU,GS,POT,SOHU,CCJ,X,TCK,CNQ,SU,FNSR.....
AH BIDU ER was a beat & guide UP,stock UP 7.61%
AH NVLS ER was a beat & guide UP,stock UP 3.96%
AH Futures UP
AH Asian markets UP
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Monday, January 31, 2011
Indices UP .42% to .68%......NICE !!!!
Market it seems have discounted Egypt factor.
Indices are UP around .5%....
Gold Down $5.50
Oil UP $2.13
Canadian $ Down 6 tick @ 99.82
VIX Down 3.94% @ 19.25
Most stocks are UP
Portfolio is FFIV,MGM,PCLN,RVBD......
@12.55 following are RED :
FFIV,F,AMZN,NFLX,RIMM,GOOG,CRM,
ISRG,IAG,SLW,M,GG,CREE,LEN,CIEN,
SNDK,CCME,EBIX,DRYS,LULU,CTRN,
AEM,TTM,SNE,GNK....
BIDU reports AH,it should be a beat,but it is all about guidance..which may not be as rosy.
BLOG Does NOT give buy or sell.
Saleem
Indices are UP around .5%....
Gold Down $5.50
Oil UP $2.13
Canadian $ Down 6 tick @ 99.82
VIX Down 3.94% @ 19.25
Most stocks are UP
Portfolio is FFIV,MGM,PCLN,RVBD......
@12.55 following are RED :
FFIV,F,AMZN,NFLX,RIMM,GOOG,CRM,
ISRG,IAG,SLW,M,GG,CREE,LEN,CIEN,
SNDK,CCME,EBIX,DRYS,LULU,CTRN,
AEM,TTM,SNE,GNK....
BIDU reports AH,it should be a beat,but it is all about guidance..which may not be as rosy.
BLOG Does NOT give buy or sell.
Saleem
Sunday, January 30, 2011
Egyptian stalemate not a good thing for markets....
Markets will be kept hostage to Egyptian stalemate.Egypt has shut down banks & stock markets for Sunday & Monday,Sunday is a working day & start of the week.Middle East markets which are open on Sunday was down.Saudi Arabian markets were down 6% on Saturday & are UP 2.4% as of this minute on Sunday.Saudi Arabia starts week on Saturday & Sunday is day 2 of working week.
All Fundamental & technicals are on hold until markets have discounted the impact of Egyptian crisis.
US markets have corrected sharply on Friday & may do the same @ Monday open.Hopefully we may see some stability by Monday close.There is a very good chance that we may not close @ low of the day.
RSI are as follows :
Dow 57.57
S&P 500 52.13
Nasdaq 48.32
RSI is telling me that we MAY hold above 50 DMA in all Indices.......50 DMA in S&P 500 is 1247.79.....
Ironically,Friday's slump took lot of air out of this market which is healthy.Monday by 11 AM forced margin selling may bring support to an oversold conditions.
So hang on to strong stocks or buy them on sale.
Here is my weighting as of Friday's close :
FFIV 31.04%
RVBD 25.58%
PCLN 25.09%
MGM 18.29%
In my portfolio, i am down 24.57% for the year.Not only my stocks are down, but CAD is down also which impacts my overall results.
BLOG does NOT give buy or sell.
Saleem
All Fundamental & technicals are on hold until markets have discounted the impact of Egyptian crisis.
US markets have corrected sharply on Friday & may do the same @ Monday open.Hopefully we may see some stability by Monday close.There is a very good chance that we may not close @ low of the day.
RSI are as follows :
Dow 57.57
S&P 500 52.13
Nasdaq 48.32
RSI is telling me that we MAY hold above 50 DMA in all Indices.......50 DMA in S&P 500 is 1247.79.....
Ironically,Friday's slump took lot of air out of this market which is healthy.Monday by 11 AM forced margin selling may bring support to an oversold conditions.
So hang on to strong stocks or buy them on sale.
Here is my weighting as of Friday's close :
FFIV 31.04%
RVBD 25.58%
PCLN 25.09%
MGM 18.29%
In my portfolio, i am down 24.57% for the year.Not only my stocks are down, but CAD is down also which impacts my overall results.
BLOG does NOT give buy or sell.
Saleem
Saturday, January 29, 2011
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE & make your OWN decision.
CBAK,ARAY,CRAY,JDSU,FNSR,SU,CNQ,
WNR,SLW,SLV,AUY,DRYS,NNA,TINY,
NSM,LTXC,STMP,HL......
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
CBAK,ARAY,CRAY,JDSU,FNSR,SU,CNQ,
WNR,SLW,SLV,AUY,DRYS,NNA,TINY,
NSM,LTXC,STMP,HL......
Next post by noon on Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, January 28, 2011
1.39% to 2.48% loss in Indices.....
Indices were in deep retreat on heavy volume.
Internals were very weak....
Mid East uncertainty took a toll.
By noon Saturday,I will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Internals were very weak....
Mid East uncertainty took a toll.
By noon Saturday,I will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Egypt,Wkly Option & overbought putting pressure in markets.....
Unrest in Egypt an Oil producer,weekly Option Expiry & overbought conditions are taking a toll in markets today...
All Indices are Down from 1.31% to 2.41%...Nasdaq being the weakest thanks to AMZN,F & SNDK below expectations ER.....
VIX UP 17.59% @ 18.99
Oil UP $3.58
Gold UP $20.30
Canadian $ Down 34 tick @ 100.17
Portfolio is FFIV,MGM,PCLN,RVBD.....
Majority of stocks are Down....
@ 1.02 following are green :
RVBD,BAC,CRM,NFLX,SU,CNQ,
SLW,IAG,MOS,SOHU,CCJ,GG,
FNSR,JDSU,LSCC,DRYS,ASIA,
JRCC,AEM,ABX...
BLOG does NOT give buy or sell.
Saleem
All Indices are Down from 1.31% to 2.41%...Nasdaq being the weakest thanks to AMZN,F & SNDK below expectations ER.....
VIX UP 17.59% @ 18.99
Oil UP $3.58
Gold UP $20.30
Canadian $ Down 34 tick @ 100.17
Portfolio is FFIV,MGM,PCLN,RVBD.....
Majority of stocks are Down....
@ 1.02 following are green :
RVBD,BAC,CRM,NFLX,SU,CNQ,
SLW,IAG,MOS,SOHU,CCJ,GG,
FNSR,JDSU,LSCC,DRYS,ASIA,
JRCC,AEM,ABX...
BLOG does NOT give buy or sell.
Saleem
Thursday, January 27, 2011
All Indices closed green.....NICE !!!!
All Indices closed green,with S&P 500 hitting new highs.
Internals were Strong.
Gold continued its tumble.
Oil weak
VIX closed Down 2.94% @ 16.15
Following stocks were strong :
PCLN UP $14.44
FFIV UP $2.13
NFLX UP $27.84
AMZN UP $9.06
CMG UP $7.78
POT UP $5.52
CRUS UP $3.32
CCME UP $3.25
GS UP $2.72
LULU UP $2.19
SOHU UP $2.14
AH ER RVBD beat & guide UP,stock up 4.01%
AH AMZN ER was a miss on Sales & Guidance lower,stock down 9.36%
AH Futures Down
AH Asian Markets Down
AH Gold & Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals were Strong.
Gold continued its tumble.
Oil weak
VIX closed Down 2.94% @ 16.15
Following stocks were strong :
PCLN UP $14.44
FFIV UP $2.13
NFLX UP $27.84
AMZN UP $9.06
CMG UP $7.78
POT UP $5.52
CRUS UP $3.32
CCME UP $3.25
GS UP $2.72
LULU UP $2.19
SOHU UP $2.14
AH ER RVBD beat & guide UP,stock up 4.01%
AH AMZN ER was a miss on Sales & Guidance lower,stock down 9.36%
AH Futures Down
AH Asian Markets Down
AH Gold & Oil Down
BLOG does NOT give buy or sell.
Saleem
RVBD beats on Sales & EPS & guides HIGHER...
RVBD ER was a beat on Sales & EPS
Guiding higher Sales & EPS....
Q4 Sales $165.4 Million vs expectations of $158.6 Million
Q4 EPS 19 cents vs expectations of 18 cents
Q1 Sales guidance $160 Million vs expectations of $154.61 Million
Q1 EPS guidance 18 cents vs expectations of 17 cents
CC was upbeat & conducted with great confidence..
Expecting analysts positive comments & target increase.
AH trade Bid $35.48 Ask $35.65..stock closed in reg hrs @ $34.91.
BLOG does NOT give buy or sell.
Saleem
Guiding higher Sales & EPS....
Q4 Sales $165.4 Million vs expectations of $158.6 Million
Q4 EPS 19 cents vs expectations of 18 cents
Q1 Sales guidance $160 Million vs expectations of $154.61 Million
Q1 EPS guidance 18 cents vs expectations of 17 cents
CC was upbeat & conducted with great confidence..
Expecting analysts positive comments & target increase.
AH trade Bid $35.48 Ask $35.65..stock closed in reg hrs @ $34.91.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ new HIGH....NICE !!!!
All Indices are green ,while S&P 500 notched 1300.....a new high.
Gold Down 30 cents
Oil Down $1.31
Canadian $ UP 21 tick @ 100.68
Portfolio is FFIV,MGM,PCLN,RVBD.....
Most stocks are UP
VIX Down .42% @ 16.57
AH RVBD reports,expecting a beat & guide UP
@ 1.06 following are RED :
MGM,BAC,SU,CNQ,RIMM,TCK,LDK,TSL,
SLW,IAG,IBN,ISRG,MA,V,X,GG,CREE,
LEN,JASO,DRYS,CCJ,JRCC,AEM,FUQI,
GAME,ABX,FSLR,VAR,GNK,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Gold Down 30 cents
Oil Down $1.31
Canadian $ UP 21 tick @ 100.68
Portfolio is FFIV,MGM,PCLN,RVBD.....
Most stocks are UP
VIX Down .42% @ 16.57
AH RVBD reports,expecting a beat & guide UP
@ 1.06 following are RED :
MGM,BAC,SU,CNQ,RIMM,TCK,LDK,TSL,
SLW,IAG,IBN,ISRG,MA,V,X,GG,CREE,
LEN,JASO,DRYS,CCJ,JRCC,AEM,FUQI,
GAME,ABX,FSLR,VAR,GNK,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 26, 2011
Record high close for Dow & S&P 500....NICE !!!!
All Indices closed green with record close for Dow & S&P 500.
Internals of the market was strong.
VIX closed Down 5.4% @ 16.64.....
RSI @ close is :
Dow 78.85
S&P 500 70.54
Nasdaq 62.35
AH ER were strong or accepted by hedge funds :
NFLX Beat & Guide UP, but Sales were less than consensus.Stock UP 10.47%
CTXS Beat & Guide UP, but EPS guidance was below consensus.Stock UP 2.19%
QCOM Beat & guide UP.Stock UP 6.15%
Other News AH :
POT announced 3 for 1 stock split & increased dividend.
LDK announced 12 Million secondary + 15% over allotment.Stock Down 3.53%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals of the market was strong.
VIX closed Down 5.4% @ 16.64.....
RSI @ close is :
Dow 78.85
S&P 500 70.54
Nasdaq 62.35
AH ER were strong or accepted by hedge funds :
NFLX Beat & Guide UP, but Sales were less than consensus.Stock UP 10.47%
CTXS Beat & Guide UP, but EPS guidance was below consensus.Stock UP 2.19%
QCOM Beat & guide UP.Stock UP 6.15%
Other News AH :
POT announced 3 for 1 stock split & increased dividend.
LDK announced 12 Million secondary + 15% over allotment.Stock Down 3.53%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 @ new high...NICE !!!!
Dow & S&P 500 making new high today.Nasdaq is green also.
Gold Down $5.30
Oil UP 79 cents
Canadian $ UP 16 tick @ 101.45
VIX Down 3.18% @ 17.03
Most stocks are UP
@ 12.33 following are RED :
PCLN,CMG,NFLX,AMZN,RIMM,GOOG,
MCP,TSL,JKS,IBN,MA,V,AMCC,CIEN,
JASO,STP,SOL,SOLF,ASIA,RCI,CSIQ,
ICE,SPWRA,FSLR....
BLOG does NOT give buy or sell.
Saleem
Gold Down $5.30
Oil UP 79 cents
Canadian $ UP 16 tick @ 101.45
VIX Down 3.18% @ 17.03
Most stocks are UP
@ 12.33 following are RED :
PCLN,CMG,NFLX,AMZN,RIMM,GOOG,
MCP,TSL,JKS,IBN,MA,V,AMCC,CIEN,
JASO,STP,SOL,SOLF,ASIA,RCI,CSIQ,
ICE,SPWRA,FSLR....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 25, 2011
Constructive close AGAIN......NICE !!!!
Indices fought their way from deep red to green in S&P 500 & Nasdaq, Dow lost 3.33 after making series of new highs.
Pretty impressive TAPE.
Internals were negative.
President Obama State Of the Union address was inspiring & unifying.
Stocks which were green included PCLN,FFIV,AAPL,NFLX,
CMG,GOOG,SOHU,ISRG,MA,X,CREE,EBIX,NVTL.....
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Pretty impressive TAPE.
Internals were negative.
President Obama State Of the Union address was inspiring & unifying.
Stocks which were green included PCLN,FFIV,AAPL,NFLX,
CMG,GOOG,SOHU,ISRG,MA,X,CREE,EBIX,NVTL.....
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Consumers feeling good,but indices Down....
Consumers are confident about everything,but indices are in their own world.
Indices down about .30%
Gold Down $18.80
Oil Down $1.69
Canadian $ Down 39 tick @ 100.23
Portfolio is FFIV,MGM,PCLN,RVBD...
Most stocks are in RED ....
@ 12.38 following are green :
PCLN,AAPL,GOOG,MCP,SOHU,ISRG,
MA,V,X,CREE,SOL,SOLF,EBIX,NVTL,
NFLX,FMCN,AEM,SPWRA,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Indices down about .30%
Gold Down $18.80
Oil Down $1.69
Canadian $ Down 39 tick @ 100.23
Portfolio is FFIV,MGM,PCLN,RVBD...
Most stocks are in RED ....
@ 12.38 following are green :
PCLN,AAPL,GOOG,MCP,SOHU,ISRG,
MA,V,X,CREE,SOL,SOLF,EBIX,NVTL,
NFLX,FMCN,AEM,SPWRA,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Monday, January 24, 2011
Dow closed @ record high AGAIN.....NICE !!!!
Technicals in Nasdaq was repaired today,when it moved UP from above lows from Friday....
Dow closed @ new high.....UP .92%
S&P also closed UP...UP .58%
Nasdaq closed UP the most +1.04%
Internals of the market were strong....
VIX closed Down 4.44% @ 17.65
RSI are flashing mixed signal as listed below :
Dow 78.99
S&P 500 67.81
Nasdaq 58.00
It is important to be aware of RSI in indices & in individual stocks,as they can prevent lot of lost equity or conversley they MAY give you lot of $ IF they are low......
It IS PRUDENT to stay in this strong market, but RSI gives you an indication if your stocks are overbought or oversold.....
Currently solar stocks are overbought,based on RSI.....
Here is the RSI in my holdings :
FFIV 24.03
RVBD 40.66
PCLN 51.05
MGM 49.39
AH VMW ER was a beat & guide UP,but stock was Down 4.61% AH
AH TXN ER was a beat ,but stock down 2.45% AH
Stocks ER are going their individual way.....reaction based on expectations,price & technicals.....
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Dow closed @ new high.....UP .92%
S&P also closed UP...UP .58%
Nasdaq closed UP the most +1.04%
Internals of the market were strong....
VIX closed Down 4.44% @ 17.65
RSI are flashing mixed signal as listed below :
Dow 78.99
S&P 500 67.81
Nasdaq 58.00
It is important to be aware of RSI in indices & in individual stocks,as they can prevent lot of lost equity or conversley they MAY give you lot of $ IF they are low......
It IS PRUDENT to stay in this strong market, but RSI gives you an indication if your stocks are overbought or oversold.....
Currently solar stocks are overbought,based on RSI.....
Here is the RSI in my holdings :
FFIV 24.03
RVBD 40.66
PCLN 51.05
MGM 49.39
AH VMW ER was a beat & guide UP,but stock was Down 4.61% AH
AH TXN ER was a beat ,but stock down 2.45% AH
Stocks ER are going their individual way.....reaction based on expectations,price & technicals.....
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Nasdaq UP .92%......NICE !!!!
Nasdaq tested support & bounced UP..did not go through recent low......
All indices are UP....
Gold UP 80 cents
Oil Down $1.45
Canadian $ Down 10 tick @ 100.57
Portfolio is FFIV,MGM,PCLN,RVBD.....
Solar stocks have been on a tear since recent low.....
Most stocks are UP .....
@1.07 following are green :
LDK,JKS,TSL,AAPL,LULU,MCP,TCK,POT,
RIMM,LVS,MGA,SLW,MOS,IBN,ISRG,MA,
V,X,LEN,M,JDSU,CIEN,SOL,SOLF,STP,JASO,
NVLS,CRUS,SINA,CSIQ,SPWRA,FSLR,TTM,
FWLT....
BLOG does NOT give buy or sell.
Saleem
All indices are UP....
Gold UP 80 cents
Oil Down $1.45
Canadian $ Down 10 tick @ 100.57
Portfolio is FFIV,MGM,PCLN,RVBD.....
Solar stocks have been on a tear since recent low.....
Most stocks are UP .....
@1.07 following are green :
LDK,JKS,TSL,AAPL,LULU,MCP,TCK,POT,
RIMM,LVS,MGA,SLW,MOS,IBN,ISRG,MA,
V,X,LEN,M,JDSU,CIEN,SOL,SOLF,STP,JASO,
NVLS,CRUS,SINA,CSIQ,SPWRA,FSLR,TTM,
FWLT....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 23, 2011
2011..WK 3..Dow makes new HIGHS & Nasdaq falling apart ???......
Here we are in wk 3 of 2011...
Technical picture is getting extremely contradictory...
Dow is @ new HIGHS by Friday's close...
Nasdaq is Down 2.77% by Friday's close....
This is a RARE contradiction in TAPE which needs to correct one way or the other...
S&P 500 was Down .98% by Friday's close......
RSI also presenting a RARE CONTRAST.....
Dow RSI @ 74.15
Nasdaq RSI @ 51.83
IF i have to project how TAPE MAY behave....we MAY test 50 DMA in Nasdaq which is @ 2623.85......Nasdaq closed @ 2689.54...thus a further correction of 65.69 points or Down a further 2.44%......which MAY be a total loss of 142.32 points or total correction of 5.15%.
Many technical outfit are looking for 10% to 12% correction now......???
This correction will allow Dow to come down in 50 RSI area also......
Monday is a CRITICAL day for Nasdaq as it is barely above recent lows.....IF we hold that low or slightly go below & bounce back UP...then we have a short term bounce...which MAY last few days......
Why am i being "technically negative" ?
Because Nasdaq is closing in an extremely negative mode,closing near lows of the day.....that is a "tell-tale" of technical weakness.
IF there is a "oversold bounce", I may lock any gains.....
Market has been strong, so any giveback is to be expected......
Here is my portfolio weighting as of Friday :
FFIV 30.77%
RVBD 25.70%
PCLN 24.81%
MGM 18.72%
My portfolio took a huge beating last week,I am now Down 17.42% for the year.
BLOG does NOT give buy or sell.
Saleem
Technical picture is getting extremely contradictory...
Dow is @ new HIGHS by Friday's close...
Nasdaq is Down 2.77% by Friday's close....
This is a RARE contradiction in TAPE which needs to correct one way or the other...
S&P 500 was Down .98% by Friday's close......
RSI also presenting a RARE CONTRAST.....
Dow RSI @ 74.15
Nasdaq RSI @ 51.83
IF i have to project how TAPE MAY behave....we MAY test 50 DMA in Nasdaq which is @ 2623.85......Nasdaq closed @ 2689.54...thus a further correction of 65.69 points or Down a further 2.44%......which MAY be a total loss of 142.32 points or total correction of 5.15%.
Many technical outfit are looking for 10% to 12% correction now......???
This correction will allow Dow to come down in 50 RSI area also......
Monday is a CRITICAL day for Nasdaq as it is barely above recent lows.....IF we hold that low or slightly go below & bounce back UP...then we have a short term bounce...which MAY last few days......
Why am i being "technically negative" ?
Because Nasdaq is closing in an extremely negative mode,closing near lows of the day.....that is a "tell-tale" of technical weakness.
IF there is a "oversold bounce", I may lock any gains.....
Market has been strong, so any giveback is to be expected......
Here is my portfolio weighting as of Friday :
FFIV 30.77%
RVBD 25.70%
PCLN 24.81%
MGM 18.72%
My portfolio took a huge beating last week,I am now Down 17.42% for the year.
BLOG does NOT give buy or sell.
Saleem
Saturday, January 22, 2011
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE & make your OWN decision.
BUCY,NDAQ,PWRD,SOLR,LDK,
BX,CML,GE,MS,WY,PLCM,SBUX,
MSO,CHINA,CSKI,TSLA.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
BUCY,NDAQ,PWRD,SOLR,LDK,
BX,CML,GE,MS,WY,PLCM,SBUX,
MSO,CHINA,CSKI,TSLA.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, January 21, 2011
Nasdaq sheds another .55% @ close
Option Expiry put a lid on stock price movement.Major momentum stocks closed @ or near lowest level of the week.
Stocks that were green included PCLN,RVBD,FFIV,
F,CMG,GS,IAG,MOS,POT,IBN,CCJ,ISRG,IBN,CNQ,
SU,FNSR,CRM,PLCM.....
By noon Saturday,i will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Stocks that were green included PCLN,RVBD,FFIV,
F,CMG,GS,IAG,MOS,POT,IBN,CCJ,ISRG,IBN,CNQ,
SU,FNSR,CRM,PLCM.....
By noon Saturday,i will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 GREEN.....NICE !!!!
Weekly & Monthly Option Expiry is putting pressure in Nasdaq,which is still red.
Gold Down $4.30
Oil Down 47 cents
Canadian $ UP 30 tick @ 100.56
Portfolio is FFIV,MGM,PCLN,RVBD.....
VIX Down .72% @ 17.86
Most stocks are UP
@ 12.34 following are among RED :
MGM,LULU,BAC,ARUN,NFLX,AMZN,RIMM,AAPL,
TCK,MCP,MGA,AKAM,SLW,SOHU,MA,V,X,M,LEN,
CREE,CIEN,STP,JASO,SOL,SOLF,EBIX,NVLS,FUQI,
DRYS,NVTL,RCI,CSIQ,JRCC,SPWRA,FSLR,TTM,
SNE,GNK....
BLOG does NOT give buy or sell.
Saleem
Gold Down $4.30
Oil Down 47 cents
Canadian $ UP 30 tick @ 100.56
Portfolio is FFIV,MGM,PCLN,RVBD.....
VIX Down .72% @ 17.86
Most stocks are UP
@ 12.34 following are among RED :
MGM,LULU,BAC,ARUN,NFLX,AMZN,RIMM,AAPL,
TCK,MCP,MGA,AKAM,SLW,SOHU,MA,V,X,M,LEN,
CREE,CIEN,STP,JASO,SOL,SOLF,EBIX,NVLS,FUQI,
DRYS,NVTL,RCI,CSIQ,JRCC,SPWRA,FSLR,TTM,
SNE,GNK....
BLOG does NOT give buy or sell.
Saleem
Thursday, January 20, 2011
Nasdaq closed Down .77%.....
All Indices closed lower, but Nasdaq was the weakest again by being down .77%.
All indices closed well above low of the day, coming pretty close to high of the day..a good technical picture.
Internals remains negative, but improved substantially.
Following stocks closed green :
BAC,SOL,STP,JASO,IAG,IBN,V,M,X,
LEN,C,SOLF,FUQI,IGTE,TSL,LDK.
AH GOOG ER was a beat,stock UP $8.27 cents
Before Open BAC reports which will set the tone for Financials.
AH Futures Down
AH Asian Markets Mixed
Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All indices closed well above low of the day, coming pretty close to high of the day..a good technical picture.
Internals remains negative, but improved substantially.
Following stocks closed green :
BAC,SOL,STP,JASO,IAG,IBN,V,M,X,
LEN,C,SOLF,FUQI,IGTE,TSL,LDK.
AH GOOG ER was a beat,stock UP $8.27 cents
Before Open BAC reports which will set the tone for Financials.
AH Futures Down
AH Asian Markets Mixed
Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All Indices Down two day's in a row.....
All Indices are correcting after uninterrupted gains since August lows.....Nasdaq Down another 1.16%.....
This is nothing but a correction in a strong bull market,froth is gone ......
RSI in Nasdaq currently is 53.93...a strong buy zone....
I personally believe that we have seen the lows in S&P 500 which was 1271.26 & in Nasdaq which was 2686.59.....we MAY test it BUT we are very close to completing this "overdue correction"
China GDP is great news,US economic data was great..but all that got in the way of correction in the market......
Gold Down $25.20
Oil Down $2.36
Canadian $ Down 37 tick @ 100.08
VIX UP 6.41% @ 18.42 ???..signalling a turn UP in markets
Portfolio is FFIV,MGM,PCLN,RVBD....
NO..i have not sold a single share of anything !!!!
Added 33% RVBD @ $34.82....
Most stocks are Down
@ 12.26 following are green :
BAC,IBN,M,X,LEN,C,STP,SOL,FUQI,BZH,
SNDA,NDAQ,NYX,FSLR.....
BLOG does NOT give buy or sell.
Saleem
This is nothing but a correction in a strong bull market,froth is gone ......
RSI in Nasdaq currently is 53.93...a strong buy zone....
I personally believe that we have seen the lows in S&P 500 which was 1271.26 & in Nasdaq which was 2686.59.....we MAY test it BUT we are very close to completing this "overdue correction"
China GDP is great news,US economic data was great..but all that got in the way of correction in the market......
Gold Down $25.20
Oil Down $2.36
Canadian $ Down 37 tick @ 100.08
VIX UP 6.41% @ 18.42 ???..signalling a turn UP in markets
Portfolio is FFIV,MGM,PCLN,RVBD....
NO..i have not sold a single share of anything !!!!
Added 33% RVBD @ $34.82....
Most stocks are Down
@ 12.26 following are green :
BAC,IBN,M,X,LEN,C,STP,SOL,FUQI,BZH,
SNDA,NDAQ,NYX,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 19, 2011
Nasdaq closed Down 1.46%......
Nasdaq was down 1.46% @ close,Low today was 2717.79...close was 2725.36.IF we do NOT go lower than 2717.79 then we stabilize @ these level ?
RSI in Nasdaq is now @ 62.22......
Internals of the market was poor as listed below :
Down volume led by 8.32 to 1 in NYSE & 5.78 to 1 in Nasdaq
Declining stocks led by 3.45 to 1 in NYSE & 4.73 to 1 in Nasdaq
AH FFIV plunged $30.93 or 22.29% on Sales miss...
AH RVBD Down 9.74%,APKT Down 5.68%,ARUN Down 5.8%,CRM Down 4.42% all due to FFIV Sales miss.....
AH EBAY UP 2.96% on EPS beat
VIX UP 9.07% @ 17.31
AH China GDP came out better than consensus @ +10.3% vs expectations of +10.2%
AH China inflation came less than expected @ 4.6% vs expectations of 4.7% to 4.8%
Hopefully this news may give some support to markets on Thursday.
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
RSI in Nasdaq is now @ 62.22......
Internals of the market was poor as listed below :
Down volume led by 8.32 to 1 in NYSE & 5.78 to 1 in Nasdaq
Declining stocks led by 3.45 to 1 in NYSE & 4.73 to 1 in Nasdaq
AH FFIV plunged $30.93 or 22.29% on Sales miss...
AH RVBD Down 9.74%,APKT Down 5.68%,ARUN Down 5.8%,CRM Down 4.42% all due to FFIV Sales miss.....
AH EBAY UP 2.96% on EPS beat
VIX UP 9.07% @ 17.31
AH China GDP came out better than consensus @ +10.3% vs expectations of +10.2%
AH China inflation came less than expected @ 4.6% vs expectations of 4.7% to 4.8%
Hopefully this news may give some support to markets on Thursday.
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
FFIV misses Sales for Q1 & Q2.....
FFIV Q1 ER was a beat in EPS, but a miss on Sales
Guidance for Q2 is EPS in-line, but a miss on Sales.....
Here is the detail of ER :
Q1 Sales consensus $270.36 Million ....actual $268.9 Million miss by $1.46 Million
Q1 EPS consensus 82 cents ...actual 88 cents..beat by 6 cents
Q2 guidance EPS 85 cents in-line,Sales $277.5 million vs consensus of $280.59..a shortfall of $3.09 million.....
Currently stock trading @ $108.00 Bid..closed @ $138.78 Down $30.78 cents or 22.18%
Is this selling "overdone"...looks that way ?
I am holding all FFIV,will see how it goes in regular trading on Thursday.....hoping for "buy the weakness" from analysts.
BLOG does NOT give buy or sell.
Saleem
Guidance for Q2 is EPS in-line, but a miss on Sales.....
Here is the detail of ER :
Q1 Sales consensus $270.36 Million ....actual $268.9 Million miss by $1.46 Million
Q1 EPS consensus 82 cents ...actual 88 cents..beat by 6 cents
Q2 guidance EPS 85 cents in-line,Sales $277.5 million vs consensus of $280.59..a shortfall of $3.09 million.....
Currently stock trading @ $108.00 Bid..closed @ $138.78 Down $30.78 cents or 22.18%
Is this selling "overdone"...looks that way ?
I am holding all FFIV,will see how it goes in regular trading on Thursday.....hoping for "buy the weakness" from analysts.
BLOG does NOT give buy or sell.
Saleem
Nasdaq Down 1.14%..despite upbeat ER from AAPL....
Nasdaq is the weakest today as it has outperformed lately.Yesterday RSI shot up to 78.18 @ close vs recent high of 76..so a pullback was expected..currently RSI is 65.20 which is much better for another run for the roses....
Those who are keeping track Nasdaq went UP in a straight line from August low of 2099.29 to yesterday's high of 2766.17 a jump of 666.88 points or UP 31.77%......so a pullback to 2731.03 is normal & healthy......
Many traders & institutions will jump in on any weakness which may be extremely short-lived.
Gold UP $2.60
Oil Down 28 cents
Canadian $ Down 37 tick @ 100.46
VIX UP 5.8% @ 16.79....small move on a down day ???
Portfolio is FFIV,MGM,PCLN,RVBD.....
FFIV reports AH,expecting a beat & guide UP.......
Most stocks are Down
@ 1.31 PM following are UP :
AAPL,MGA,SOHU,CCME,FMCN,CSIQ,
JKS,SPWRA,SNE,DLTR.....
BLOG does NOT give buy or sell.
Saleem
Those who are keeping track Nasdaq went UP in a straight line from August low of 2099.29 to yesterday's high of 2766.17 a jump of 666.88 points or UP 31.77%......so a pullback to 2731.03 is normal & healthy......
Many traders & institutions will jump in on any weakness which may be extremely short-lived.
Gold UP $2.60
Oil Down 28 cents
Canadian $ Down 37 tick @ 100.46
VIX UP 5.8% @ 16.79....small move on a down day ???
Portfolio is FFIV,MGM,PCLN,RVBD.....
FFIV reports AH,expecting a beat & guide UP.......
Most stocks are Down
@ 1.31 PM following are UP :
AAPL,MGA,SOHU,CCME,FMCN,CSIQ,
JKS,SPWRA,SNE,DLTR.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 18, 2011
All Indices closed @ multi-year highs AGAIN....NICE !!!!
Indices keep moving UP & UP while many are waiting for a pullback...all indices are @ their highest close in many years......
AH lot of ER :
AAPL was a beat stock UP $4.20 @ $344.85 , AH High was an all-time high of $357...
IBM was a beat UP $4.35 @ $155 AH near high of $155.25....
CREE was a miss & miss Down $9.71 @ $53 near low of $52.70
MOS had a wild ride in AH went UP to $93.89 but closed @ $83.77 Down $1.30 from regular close ?????
AH Futures UP
AH Asian market UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
AH lot of ER :
AAPL was a beat stock UP $4.20 @ $344.85 , AH High was an all-time high of $357...
IBM was a beat UP $4.35 @ $155 AH near high of $155.25....
CREE was a miss & miss Down $9.71 @ $53 near low of $52.70
MOS had a wild ride in AH went UP to $93.89 but closed @ $83.77 Down $1.30 from regular close ?????
AH Futures UP
AH Asian market UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All Indices GREEN.....NICE !!!!
How else you define a "strong bull market"...AAPL with its heavy weighting in Nasdaq could not take even Nasdaq down.....
All Indices green......
Buyers scooped up AAPL @ open,which was another buying opportunity.
AAPL reports AH..which probably take it to new HIGHS......
GS reports before open & FFIV reports after close on Wed.....
Gold UP $6.50
Oil UP 4 cents
Canadian $ Down 50 tick @ 100.75.... as Canadian Central bank is hinting keeping rates lower longer than expected by market.
Portfolio is FFIV,MGM,PCLN,RVBD......
Most stocks are UP...
@ 1.03 following are down :
FFIV,MGM,RVBD,AAPL,BAC,NFLX,GS,
CRM,LULU,WYNN,LVS,MCP,TGT,CMG,
LEN,JDSU,FNSR,C,FUQI,BZH,NVLS,CRUS,
NVTL,CCME,DRYS,SINA,CTRN,JRCC,GNK....
BLOG does NOT give buy or sell.
Saleem
All Indices green......
Buyers scooped up AAPL @ open,which was another buying opportunity.
AAPL reports AH..which probably take it to new HIGHS......
GS reports before open & FFIV reports after close on Wed.....
Gold UP $6.50
Oil UP 4 cents
Canadian $ Down 50 tick @ 100.75.... as Canadian Central bank is hinting keeping rates lower longer than expected by market.
Portfolio is FFIV,MGM,PCLN,RVBD......
Most stocks are UP...
@ 1.03 following are down :
FFIV,MGM,RVBD,AAPL,BAC,NFLX,GS,
CRM,LULU,WYNN,LVS,MCP,TGT,CMG,
LEN,JDSU,FNSR,C,FUQI,BZH,NVLS,CRUS,
NVTL,CCME,DRYS,SINA,CTRN,JRCC,GNK....
BLOG does NOT give buy or sell.
Saleem
Monday, January 17, 2011
World markets slightly negative on Monday.....
World markets have slightly negative bias on Monday.
Toronto closed Down 23.95 to close @ 13440.11
Gold Down $1.20
Oil Down 60 cents
Canadian $ UP 32 tick @ 101.31
In Toronto following stocks closed :
RIMM UP 75 cents
OTEX UP 54 cents
RY UP 8 cents
TD Down 7 cents
POT Down $1.51
AGU Down 49 cents
ABX UP 29 cents
AEM Down 26 cents
GG UP 30 cents
CNQ UP 13 cents
SU Down 19 cents
AH Futures are Down ..Dow -20.38,S&P 500 -3.99,Nasdaq -30.28
Nasdaq Futures is sharply Down due to surprise announcement
by AAPL that Steve Jobs is taking medical leave.....this is the third time
that Steve Jobs has done that....1st 2 years , 2nd 6 months,3rd time unknown ???
Steve Jobs is admired by millions including me,we all should be praying for his health & speedy recovery,stock gains or temporary loss should not be a point to ignore Steve Jobs well being.
Steve Jobs is a living GENIUS,who has no comparable in modern worldwide Technology scene.
About AAPL stock,it will be another BUYING opportunity & +- 50 DMA is an excellent entry point.....
AAPL reports AH Tuesday & it will be a stellar ER,which should counter-balance any weakness during regular trading hour.
YES..there is a HUGE premium of Steve Jobs in AAPL price ,some say it is $25 Billion...BUT only TAPE will decide what will be the reaction in US on Tuesday.
AAPL closed @ $324.49 in Europe, Down $23.99 from close of $348.48.
50 DMA is $321.54......MAY touch $318 area.....
C reports before Open.....should be a beat.
BLOG does NOT give buy or sell.
Saleem
Toronto closed Down 23.95 to close @ 13440.11
Gold Down $1.20
Oil Down 60 cents
Canadian $ UP 32 tick @ 101.31
In Toronto following stocks closed :
RIMM UP 75 cents
OTEX UP 54 cents
RY UP 8 cents
TD Down 7 cents
POT Down $1.51
AGU Down 49 cents
ABX UP 29 cents
AEM Down 26 cents
GG UP 30 cents
CNQ UP 13 cents
SU Down 19 cents
AH Futures are Down ..Dow -20.38,S&P 500 -3.99,Nasdaq -30.28
Nasdaq Futures is sharply Down due to surprise announcement
by AAPL that Steve Jobs is taking medical leave.....this is the third time
that Steve Jobs has done that....1st 2 years , 2nd 6 months,3rd time unknown ???
Steve Jobs is admired by millions including me,we all should be praying for his health & speedy recovery,stock gains or temporary loss should not be a point to ignore Steve Jobs well being.
Steve Jobs is a living GENIUS,who has no comparable in modern worldwide Technology scene.
About AAPL stock,it will be another BUYING opportunity & +- 50 DMA is an excellent entry point.....
AAPL reports AH Tuesday & it will be a stellar ER,which should counter-balance any weakness during regular trading hour.
YES..there is a HUGE premium of Steve Jobs in AAPL price ,some say it is $25 Billion...BUT only TAPE will decide what will be the reaction in US on Tuesday.
AAPL closed @ $324.49 in Europe, Down $23.99 from close of $348.48.
50 DMA is $321.54......MAY touch $318 area.....
C reports before Open.....should be a beat.
BLOG does NOT give buy or sell.
Saleem
Sunday, January 16, 2011
2011..WK 2...so far so good......
SO...here we are @ the end of wk 2 of 2011,we see lot of green for those who KNOW this is a "strong bull market".
Sign of strong bull market is ....that we do NOT go down with lousy jobless claims,or with China increasing reserve requirement......before even a hint would have tanked this market.....
SO when market do not go down with bad news PAY ATTENTION.....
In my OPINION,we have another THREE years of this bull run..so FOCUS more on your stock selections than trying to be a "market PUNDIT"
CAN you PROJECT where some of the stocks will be in THREE years from now ?
Then only you will be relaxed & stay in this market with CONVICTION......
YES..you can trade, BUT NEVER stay OUT of this market...that will be a FATAL mistake.
Market IS SMARTER than all of US........
Just think of Doug Kass who has been trying to "tell the market" what to do ? he failed @ 1000 TOP,again @ 1130 TOP......?he has MISSED tremendous GAIN & actually LOST equity with his WRONG call over & over.......just an example of what NOT to do......
Pay attention to market TAPE,it is as CLEAR as it can be.
Pay attention to close,that defines a strong bull market.
YES..we will correct from time to time in a range of 3% to 5%.....that is normal....but that will be a buying opportunity of market leaders...
Please AVOID buying so called BARGAIN stocks,where gains will be limited....
In stock selection...FOLLOW THE MONEY.......
Market reward is HIGHEST in stocks where MONEY is concentrated.....
Our likes & dislikes do not matter for the market,we all need to learn from TAPE.
Here is my current portfolio allocation as of Friday :
FFIV 37.37%
PCLN 23.66%
RVBD 19.60%
MGM 19.37%
As you can see that i am highly concentrated in 4 stocks,plus long CAD .....
On a personal note, last week gain in equity was 9.16% ,gain for 2 wk of 2011 is 31.77%.
Good luck with your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Sign of strong bull market is ....that we do NOT go down with lousy jobless claims,or with China increasing reserve requirement......before even a hint would have tanked this market.....
SO when market do not go down with bad news PAY ATTENTION.....
In my OPINION,we have another THREE years of this bull run..so FOCUS more on your stock selections than trying to be a "market PUNDIT"
CAN you PROJECT where some of the stocks will be in THREE years from now ?
Then only you will be relaxed & stay in this market with CONVICTION......
YES..you can trade, BUT NEVER stay OUT of this market...that will be a FATAL mistake.
Market IS SMARTER than all of US........
Just think of Doug Kass who has been trying to "tell the market" what to do ? he failed @ 1000 TOP,again @ 1130 TOP......?he has MISSED tremendous GAIN & actually LOST equity with his WRONG call over & over.......just an example of what NOT to do......
Pay attention to market TAPE,it is as CLEAR as it can be.
Pay attention to close,that defines a strong bull market.
YES..we will correct from time to time in a range of 3% to 5%.....that is normal....but that will be a buying opportunity of market leaders...
Please AVOID buying so called BARGAIN stocks,where gains will be limited....
In stock selection...FOLLOW THE MONEY.......
Market reward is HIGHEST in stocks where MONEY is concentrated.....
Our likes & dislikes do not matter for the market,we all need to learn from TAPE.
Here is my current portfolio allocation as of Friday :
FFIV 37.37%
PCLN 23.66%
RVBD 19.60%
MGM 19.37%
As you can see that i am highly concentrated in 4 stocks,plus long CAD .....
On a personal note, last week gain in equity was 9.16% ,gain for 2 wk of 2011 is 31.77%.
Good luck with your OWN strategy.
BLOG does NOT give buy or sell.
Saleem
Saturday, January 15, 2011
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
CYMI,ELOS,HCBK,HTCH,KLAC,
OTEX,GS,HOT,MS,TER,FEED,
NVLS,QLGC,BG,RY,KNONG,LSI,
XRX.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
CYMI,ELOS,HCBK,HTCH,KLAC,
OTEX,GS,HOT,MS,TER,FEED,
NVLS,QLGC,BG,RY,KNONG,LSI,
XRX.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, January 14, 2011
All Indices closed @ multi-year highs....NICE !!!!
China put another scare for the markets,but US buyers ignored increased reserve requirement for Chinese Banks.....
By close all indices were @ new multi-year highs.
Internals were strong.
Still many are not in tune with this "strong bull market"
Strong stocks included MGM,BAC,AMZN,AAPL,RIMM,
BIDU,GS,GOOG,CRM,AKAM,MOS,POT,ISRG,MA,LVS,
WYNN,NVLS,CMG.....
US Markets are closed for Martin Luther King Holiday,but rest of the world is open for business on Monday including Toronto.
By noon Saturday,will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
By close all indices were @ new multi-year highs.
Internals were strong.
Still many are not in tune with this "strong bull market"
Strong stocks included MGM,BAC,AMZN,AAPL,RIMM,
BIDU,GS,GOOG,CRM,AKAM,MOS,POT,ISRG,MA,LVS,
WYNN,NVLS,CMG.....
US Markets are closed for Martin Luther King Holiday,but rest of the world is open for business on Monday including Toronto.
By noon Saturday,will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
China tightens BUT Nasdaq & S&P 500 make new HIGHS...NICE !!!
China increases reserve requirement for banks AGAIN...BUT US markets are making new HIGHS...Dow is the only laggard.....
Strength of this bull market should be OBVIOUS to any skeptic with today's TAPE ????
Gold Down $29.20
Oil UP 22 cents
Canadian $ UP 2 tick @ 101.09
Portfolio is FFIV,MGM,PCLN,RVBD.....
Most stocks are UP.....
@ 1.16 following are RED :
PCLN,FFIV,RVBD,NFLX,TCK,MCP,
AUY,SLW,IBN,X,GG,CREE,SOL,JKS,
JASO,STP,SOLF,NVTL,CCME,CSIQ,
JRCC,NTES,AEM,ABX,FSLR,TTM.
BLOG does NOT give buy or sell.
Saleem
Strength of this bull market should be OBVIOUS to any skeptic with today's TAPE ????
Gold Down $29.20
Oil UP 22 cents
Canadian $ UP 2 tick @ 101.09
Portfolio is FFIV,MGM,PCLN,RVBD.....
Most stocks are UP.....
@ 1.16 following are RED :
PCLN,FFIV,RVBD,NFLX,TCK,MCP,
AUY,SLW,IBN,X,GG,CREE,SOL,JKS,
JASO,STP,SOLF,NVTL,CCME,CSIQ,
JRCC,NTES,AEM,ABX,FSLR,TTM.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 13, 2011
Tiny pullback @ close.....
Indices were under pressure after jobless claims came in much higher than consensus.
Internals were negative.
Stocks which were UP @ close included FFIV,PCLN,RVBD,
NFLX,AAPL,AKAM,JDSU,FNSR,CCME,CRM,SU,ARUN,
AMZN......
AH INTC ER was a beat & guide UP 2.11%
AH CSTR was a big guide Down for Q4 & 2011,Down 24.41%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Internals were negative.
Stocks which were UP @ close included FFIV,PCLN,RVBD,
NFLX,AAPL,AKAM,JDSU,FNSR,CCME,CRM,SU,ARUN,
AMZN......
AH INTC ER was a beat & guide UP 2.11%
AH CSTR was a big guide Down for Q4 & 2011,Down 24.41%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Nasdaq Green,despite higher jobless claims....
Indices are shrugging off jump in jobless claims.Nasdaq green,while other indices are slightly down.
Strength of this market TAPE is obvious to many,who buy @ every dip.
Gold Down $3.20
Oil UP 28 cents
Canadian $ UP 1 tick @ 101.39
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are UP...
@ 12.31 following are RED :
BAC,LULU,SLW,CNQ,TCK,MCP,AUY,MGA,
IBN,ISRG,MA,V,CREE,SOL,AMCC,SOLF,
SNDK,EBIX,LVS,GOOG,GG,AEM,ABX,SNE,
GNK.....
BLOG does NOT give buy or sell.
Saleem
Strength of this market TAPE is obvious to many,who buy @ every dip.
Gold Down $3.20
Oil UP 28 cents
Canadian $ UP 1 tick @ 101.39
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are UP...
@ 12.31 following are RED :
BAC,LULU,SLW,CNQ,TCK,MCP,AUY,MGA,
IBN,ISRG,MA,V,CREE,SOL,AMCC,SOLF,
SNDK,EBIX,LVS,GOOG,GG,AEM,ABX,SNE,
GNK.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 12, 2011
Another record close in all indices....NICE !!!!
All indices are moving UP in sync,closing @ record high.
Nasdaq closed @ absolute high of the day.
Internals were strong.
This has been a a very strong bull market since August low.
We MAY be entering a "melt UP" phase in this earning season,this TAPE is a rarity & serious gains are being made.
Strong stocks today included PCLN,NFLX,LULU,AAPL,
GS,POT,AGU,MOS,JKS,TSL,MA,TCK,IBN,IGTE,CCME.....
AH Futures Down
AH Asian markets UP
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Nasdaq closed @ absolute high of the day.
Internals were strong.
This has been a a very strong bull market since August low.
We MAY be entering a "melt UP" phase in this earning season,this TAPE is a rarity & serious gains are being made.
Strong stocks today included PCLN,NFLX,LULU,AAPL,
GS,POT,AGU,MOS,JKS,TSL,MA,TCK,IBN,IGTE,CCME.....
AH Futures Down
AH Asian markets UP
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
All Indices new high AGAIN.....NICE !!!!
It is nice to see that all indices are @ new high....
There is tremendous buying power in this market & TAPE is reflecting that.
Gold Down $4.90
Oil UP 58 cents
Canadian $ @ record high UP 37 tick @ 101.38.....
VIX Down 3.55% @ 16.29
Portfolio is FFIV,MGM,PCLN,RVBD
@ 12.29 following stocks are UP minimum $2 :
PCLN,LULU,AAPL,POT,GS,MOS,ISRG,MA,
ICE......
BLOG does NOT give buy or sell.
Saleem
There is tremendous buying power in this market & TAPE is reflecting that.
Gold Down $4.90
Oil UP 58 cents
Canadian $ @ record high UP 37 tick @ 101.38.....
VIX Down 3.55% @ 16.29
Portfolio is FFIV,MGM,PCLN,RVBD
@ 12.29 following stocks are UP minimum $2 :
PCLN,LULU,AAPL,POT,GS,MOS,ISRG,MA,
ICE......
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 11, 2011
All Indices closed Higher....NICE !!!!
All indices closed UP
Market TAPE is strong as it looks forward to earning reports...
VIX Down 3.71% @ 16.89
Stocks which were UP 1% or higher included RVBD,BAC,SU,
SLW,CNQ,TCK,RIMM,IAG,SOHU,IBN,CCJ,ISRG,X,GG,CREE,
LEN,SOL,JKS,STP,JASO,NVLS,EBIX.....
AH LULU raised its guidance for Q4..stock jumped 8.31%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Market TAPE is strong as it looks forward to earning reports...
VIX Down 3.71% @ 16.89
Stocks which were UP 1% or higher included RVBD,BAC,SU,
SLW,CNQ,TCK,RIMM,IAG,SOHU,IBN,CCJ,ISRG,X,GG,CREE,
LEN,SOL,JKS,STP,JASO,NVLS,EBIX.....
AH LULU raised its guidance for Q4..stock jumped 8.31%
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Nasdaq @ new high AGAIN....NICE !!!!
Nasdaq vaulted to new high again.....other indices like S&P 500 came within fraction BUT did not pierce.Dow was farthest from high.
Gold UP $8.50
Oil UP $1.84
Canadian $ @ new high UP 30 tick @ 100.97
In my portfolio :
Added 25% more MGM @ $16.00
Portfolio is FFIV,MGM,PCLN,RVBD
Most stocks are UP
@ 1.24 following are RED :
PCLN,FFIV,NFLX,CRM,LULU,AMZN,AAPL,
WYNN,POT,LVS,MCP,AKAM,MA,SNDK,
NVTL,IGTE,ICE,SPWRA....
BLOG does NOT give buy or sell.
Saleem
Gold UP $8.50
Oil UP $1.84
Canadian $ @ new high UP 30 tick @ 100.97
In my portfolio :
Added 25% more MGM @ $16.00
Portfolio is FFIV,MGM,PCLN,RVBD
Most stocks are UP
@ 1.24 following are RED :
PCLN,FFIV,NFLX,CRM,LULU,AMZN,AAPL,
WYNN,POT,LVS,MCP,AKAM,MA,SNDK,
NVTL,IGTE,ICE,SPWRA....
BLOG does NOT give buy or sell.
Saleem
Monday, January 10, 2011
Nasdaq closed GREEN.....NICE !!!
Nasdaq came back nicely to close green,Dow & S&P 500 were down slightly.
Stocks that were UP 2% or more included FFIV,NFLX,LULU,
ARUN,SLW,CNQ,MGA,SOL,JKS,LDK,JASO,STP,FNSR,NVLS,
CRUS,NVTL......
AH NVDA UP on settlement with INTC
AH AMD Down as CEO departing
AH Futures UP
AH Asian markets Mixed
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Stocks that were UP 2% or more included FFIV,NFLX,LULU,
ARUN,SLW,CNQ,MGA,SOL,JKS,LDK,JASO,STP,FNSR,NVLS,
CRUS,NVTL......
AH NVDA UP on settlement with INTC
AH AMD Down as CEO departing
AH Futures UP
AH Asian markets Mixed
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices Down less than on.41% on Portugal bailout...
Indices are mildly under pressure from Portugal bailout news.....
We are down less than .41%......
Gold UP $2.60
Oil UP $1.30
Canadian $ UP 6 tick @ 100.70
In my portfolio :
Added 40% MGM @ $16.28
Portfolio is FFIV,MGM,PCLN,RVBD......$ allocation is 38.59%,16.02%,25.12%,20.12%...
Solar stocks are on fire after LDK upped its guidance for
Q4 & 2011......
Stocks are mostly UP....
@ 12.28 following are RED :
PCLN,AMZN,CRM,BIDU,GOOG,GS,TCK,
SU,POT,RIMM,MOS,IBN,SOHU,IAG,SNDA,
CCJ,MA,V,X,LEN,FUQI,IGTE,CTRN,JRCC,
TTM,FWLT....
BLOG does NOT give buy or sell.
Saleem
We are down less than .41%......
Gold UP $2.60
Oil UP $1.30
Canadian $ UP 6 tick @ 100.70
In my portfolio :
Added 40% MGM @ $16.28
Portfolio is FFIV,MGM,PCLN,RVBD......$ allocation is 38.59%,16.02%,25.12%,20.12%...
Solar stocks are on fire after LDK upped its guidance for
Q4 & 2011......
Stocks are mostly UP....
@ 12.28 following are RED :
PCLN,AMZN,CRM,BIDU,GOOG,GS,TCK,
SU,POT,RIMM,MOS,IBN,SOHU,IAG,SNDA,
CCJ,MA,V,X,LEN,FUQI,IGTE,CTRN,JRCC,
TTM,FWLT....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 9, 2011
2011..WK 1...so far so good......
Indices are all sitting @ their best close as far back as 2007......
IF there are disbelievers about this market,Hedge Funds are the biggest
disbeliever.....they are under-invested big time....they were UP only +1.7%
vs S&P 500 being UP 6.7% in December 2010......
SO..HF will be the biggest source of funds to propel this market into higher
grounds.
Retail investors who have given up on this market in the last 3 years,
are slowly crawling back in......
There are many theories about the direction of this market in January,
some predicting pullback in January, some are slightly positive.
Instead of worrying about next day of trading,we all need a game plan
to suit our OWN trading style.
Some sell on the day of decline, others buy on the day of decline ?
Some sell on UP days ,some BUY on UP days ?
What i am really saying ,do you have a strategy for those days ?
For me it varies,based on how i am looking @ those UP or Down days.
2011 is going to be another good year for the markets.
Next few weeks are earning announcements which will dictate market TAPE.
AA a perennial loser MAY surprise on Monday AH,expecting a beat & guide UP.....
I expect January to be positive based on ER,it will be PRUDENT to be overweight in equities than underweight.
I am expecting Feb to be Negative month,so planning to be underweight in Equity.
NOBODY has a "crystal ball" which can accurately predict month to month movement,BUT it is good to KNOW RSI when it is in overbought territory...80 is known to be "overbought"..currently RSI in Nasdaq is 68.67.....
Old bears are "extremely QUIET" but new bear Doug Kass is extremely LOUD & WRONG about market..he declared TOP in S&P 500 @ 1000 then 1130......and has used many theories to justify his bearish thesis...BUT he has FAILED to convince anyone that 1000 was TOP ???? we closed Friday @ 1271.50......
SO...it is important to have your OWN view as to where we are heading in markets & stocks you own......sometimes stocks defies market & keep going UP & sometimes market goes UP but stocks go South......
Here is $ allocation for my portfolio,which is extremely aggressive posture :
FFIV 40.00%
PCLN 26.59%
RVBD 21.29%
MGM 12.12%
Because of highly concentrated exposure,my entire portfolio was UP +6.09% last week while Nasdaq was UP 1.9%.As my portfolio contains currency exposure of long CAD....my highly leveraged portfolio actually showed a gain of +20.71% in Equity last week alone......
Will update every week ,based on my weekly exposure.Please note, i do not have any option in my portfolio covered or uncovered.
Good luck with your OWN strategy for 2011.
BLOG does NOT give buy or sell.
Saleem
IF there are disbelievers about this market,Hedge Funds are the biggest
disbeliever.....they are under-invested big time....they were UP only +1.7%
vs S&P 500 being UP 6.7% in December 2010......
SO..HF will be the biggest source of funds to propel this market into higher
grounds.
Retail investors who have given up on this market in the last 3 years,
are slowly crawling back in......
There are many theories about the direction of this market in January,
some predicting pullback in January, some are slightly positive.
Instead of worrying about next day of trading,we all need a game plan
to suit our OWN trading style.
Some sell on the day of decline, others buy on the day of decline ?
Some sell on UP days ,some BUY on UP days ?
What i am really saying ,do you have a strategy for those days ?
For me it varies,based on how i am looking @ those UP or Down days.
2011 is going to be another good year for the markets.
Next few weeks are earning announcements which will dictate market TAPE.
AA a perennial loser MAY surprise on Monday AH,expecting a beat & guide UP.....
I expect January to be positive based on ER,it will be PRUDENT to be overweight in equities than underweight.
I am expecting Feb to be Negative month,so planning to be underweight in Equity.
NOBODY has a "crystal ball" which can accurately predict month to month movement,BUT it is good to KNOW RSI when it is in overbought territory...80 is known to be "overbought"..currently RSI in Nasdaq is 68.67.....
Old bears are "extremely QUIET" but new bear Doug Kass is extremely LOUD & WRONG about market..he declared TOP in S&P 500 @ 1000 then 1130......and has used many theories to justify his bearish thesis...BUT he has FAILED to convince anyone that 1000 was TOP ???? we closed Friday @ 1271.50......
SO...it is important to have your OWN view as to where we are heading in markets & stocks you own......sometimes stocks defies market & keep going UP & sometimes market goes UP but stocks go South......
Here is $ allocation for my portfolio,which is extremely aggressive posture :
FFIV 40.00%
PCLN 26.59%
RVBD 21.29%
MGM 12.12%
Because of highly concentrated exposure,my entire portfolio was UP +6.09% last week while Nasdaq was UP 1.9%.As my portfolio contains currency exposure of long CAD....my highly leveraged portfolio actually showed a gain of +20.71% in Equity last week alone......
Will update every week ,based on my weekly exposure.Please note, i do not have any option in my portfolio covered or uncovered.
Good luck with your OWN strategy for 2011.
BLOG does NOT give buy or sell.
Saleem
Saturday, January 8, 2011
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
BIDU,DNDN,FWLT,MRVL,NCTY,OTEX,
RIMM,JKS,NSM,RYL,USU,ENER,KLIC,
YUM.....
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
BIDU,DNDN,FWLT,MRVL,NCTY,OTEX,
RIMM,JKS,NSM,RYL,USU,ENER,KLIC,
YUM.....
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, January 7, 2011
Constructive close despite negative jobs data...
By close,all indices were very close to break even..all posting less than .25% loss.
Stocks which were green @ close included MGM,PCLN,NFLX,AAPL,
MGA,BIDU,GOOG,SOHU,LVS,WYNN,JKS,SOL,CCME,KLIC,ATML.
By noon Saturday, will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Stocks which were green @ close included MGM,PCLN,NFLX,AAPL,
MGA,BIDU,GOOG,SOHU,LVS,WYNN,JKS,SOL,CCME,KLIC,ATML.
By noon Saturday, will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Indices pulling back on below consensus Job growth
Jobs are not being created fast enough ,latest tally is + 103K vs expected +175K....there was an upward adjustment to Oct & Nov data by +70K.Unemployment fell to 9.4%.
Market was factoring in "better than expected"......
On the contrary, Canadian Job Growth came in better than expected...
Indices are down around .45%.......reflecting major improvement in "overall economic picture"
Gold Down 80 cents
Oil UP 21 cents
Canadian $ UP 35 tick @ 100.64 US for 1 CAD
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are Down...
@ 12.15 following are GREEN :
MGM,PCLN,NFLX,GOOG,WYNN,LVS,
MGA,SOHU,MA,SOL,CCME,KLIC,ATML,
IAG,AEM.....
BLOG does NOT give buy or sell.
Saleem
Market was factoring in "better than expected"......
On the contrary, Canadian Job Growth came in better than expected...
Indices are down around .45%.......reflecting major improvement in "overall economic picture"
Gold Down 80 cents
Oil UP 21 cents
Canadian $ UP 35 tick @ 100.64 US for 1 CAD
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are Down...
@ 12.15 following are GREEN :
MGM,PCLN,NFLX,GOOG,WYNN,LVS,
MGA,SOHU,MA,SOL,CCME,KLIC,ATML,
IAG,AEM.....
BLOG does NOT give buy or sell.
Saleem
Thursday, January 6, 2011
Highest close in Nasdaq...NICE !!!!
Nasdaq is blowing past all previous close,it is @ highest level.
S&P 500 & Dow needed a brief rest,down only slightly.
Tomorrow @ 830 AM,it is all about Job,Jobs & Jobs...guess what ? for the first time we MAY beat consensus estimate for job Growth....IF that happens , we are off to the races.
Stocks that worked today included PCLN,FFIV,RVBD,F,
BIDU,GOOG,CRM,POT,SOHU,MA,V,JKS,TSL,FNSR,CIEN,
JDSU,NVDA,SNDK,NVLS,EBIX,DQ.....
AH Futures Down
AH Asian Markets Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Dow needed a brief rest,down only slightly.
Tomorrow @ 830 AM,it is all about Job,Jobs & Jobs...guess what ? for the first time we MAY beat consensus estimate for job Growth....IF that happens , we are off to the races.
Stocks that worked today included PCLN,FFIV,RVBD,F,
BIDU,GOOG,CRM,POT,SOHU,MA,V,JKS,TSL,FNSR,CIEN,
JDSU,NVDA,SNDK,NVLS,EBIX,DQ.....
AH Futures Down
AH Asian Markets Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Nasdaq green,other indices lower.....
Nasdaq is doing the heavy lifting today, while other indices are taking a breather.This is extremely healthy as it is bringing RSI Down to currently 71.18 from close of 76.08....gradual rise is what we want NOT euphoric moves.....
Many stocks are rotating every 48 hours.....play the "rotation card" not marry any stock....
Gold UP 30 cents
Oil Down $1.97
Canadian $ Up 9 tick @ 100.45
Portfolio is FFIV,PCLN,MGM,RVBD...
Most stocks are Down...
@ 1.26 following are UP :
FFIV,PCLN,RVBD,F,CRM,GOOG,BIDU,
POT,JKS,TSL,DQ,MOS,SOHU,MA,V,CREE,
JDSU,CIEN,AMCC,FNSR,NVLS,EBIX,ASIA,
SINA,JRCC,FSLR,GNK....
BLOG does NOT give buy or sell.
Saleem
Many stocks are rotating every 48 hours.....play the "rotation card" not marry any stock....
Gold UP 30 cents
Oil Down $1.97
Canadian $ Up 9 tick @ 100.45
Portfolio is FFIV,PCLN,MGM,RVBD...
Most stocks are Down...
@ 1.26 following are UP :
FFIV,PCLN,RVBD,F,CRM,GOOG,BIDU,
POT,JKS,TSL,DQ,MOS,SOHU,MA,V,CREE,
JDSU,CIEN,AMCC,FNSR,NVLS,EBIX,ASIA,
SINA,JRCC,FSLR,GNK....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 5, 2011
Highest close again in Indices....NICE !!!!
Indices got back into track after ADP surprising upbeat data on job growth.
All indices closed @ the highest level in over two years...
Internals were positive.....
Following stocks were UP on $ basis :
PCLN +$24.22
FFIV +$5.22
CRM +$6.51
MA +$6.59
GOOG +$6.95
POT +$5.33
BIDU +$3.66
APKT +$3.05
MGA +$3.01
AAPL +$2.71
AMZN +$2.41
In my portfolio :
Doubled my position in MGM @ $15.29
Portfolio is FFIV,MGM,PCLN,RVBD.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All indices closed @ the highest level in over two years...
Internals were positive.....
Following stocks were UP on $ basis :
PCLN +$24.22
FFIV +$5.22
CRM +$6.51
MA +$6.59
GOOG +$6.95
POT +$5.33
BIDU +$3.66
APKT +$3.05
MGA +$3.01
AAPL +$2.71
AMZN +$2.41
In my portfolio :
Doubled my position in MGM @ $15.29
Portfolio is FFIV,MGM,PCLN,RVBD.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Above consensus jobs data giving lift to markets..NICE !!!!
ADP jobs data jolted markets from negative slant....
All Indices are UP
Gold Down $5.10
Oil UP $1.02
Canadian $ UP 46 tick @ 100.62 US
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are UP
@ 1.28 following are RED :
NFLX,SLW,MCP,AUY,IBN,CCJ,CREE,GG,
FNSR,NVLS,IGTE,FMCN,SINA,AEM,
GAME,ABX,SOL....
BLOG does NOT give buy or sell.
Saleem
All Indices are UP
Gold Down $5.10
Oil UP $1.02
Canadian $ UP 46 tick @ 100.62 US
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are UP
@ 1.28 following are RED :
NFLX,SLW,MCP,AUY,IBN,CCJ,CREE,GG,
FNSR,NVLS,IGTE,FMCN,SINA,AEM,
GAME,ABX,SOL....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 4, 2011
Dow closed green.......
Indices were subject to profit taking as RSI went into 76 area......
One needs to be extra cautious when RSI goes into 76.....currently RSI is @ 73.62....
Market TAPE dictates RSI range.....so far 76 area came today?
Today we had all the reason to do a "strong"follow through BUT did not happen...thus my hasty booking of profit in AAPL,AMZN & BAC......AUY was a small loss as Gold took a major drubbing...
I always monitor TAPE closely on a daily basis to adjust (buy or sell) to any "new reality".....
Internals of the market were almost 2 to 1 on the downside..again a technical weakness while indices were mixed ???
Traders needs to be "vigilant"......
AH MOS was a beat UP 3.21%
AH AGU UP .99%
AH POT UP 2.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
Gold UP
BLOG does NOT give buy or sell.
Saleem
One needs to be extra cautious when RSI goes into 76.....currently RSI is @ 73.62....
Market TAPE dictates RSI range.....so far 76 area came today?
Today we had all the reason to do a "strong"follow through BUT did not happen...thus my hasty booking of profit in AAPL,AMZN & BAC......AUY was a small loss as Gold took a major drubbing...
I always monitor TAPE closely on a daily basis to adjust (buy or sell) to any "new reality".....
Internals of the market were almost 2 to 1 on the downside..again a technical weakness while indices were mixed ???
Traders needs to be "vigilant"......
AH MOS was a beat UP 3.21%
AH AGU UP .99%
AH POT UP 2.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
Gold UP
BLOG does NOT give buy or sell.
Saleem
Fed minutes release causing rally to pause....
Indices are pulling back as fed is all set to release its fed policy minutes around 2PM.I do not expect any surprise in that minutes.Stocks are down with Nasdaq being the weakest down 1.03%
Gold Down $26.20
Oil Down $2.58
Canadian $ Down 62 tick @ 100.06
In my portfolio :
Sold AAPL
Sold AMZN
Sold BAC
Sold AUY
Tripled my position in RVBD @ $37.73
Doubled my position in FFIV @ $131.70
Portfolio is FFIV,MGM,PCLN,RVBD
Most stocks are Down
@ 12.40 following are green :
MGM,LVS,WYNN,NFLX,MGA,SOHU,MA,
SOL,CIEN,STP,ASIA,FMCN,SINA,BRCD,
CSIQ,NYX,SPWRA.....
BLOG does NOT give buy or sell.
Saleem
Gold Down $26.20
Oil Down $2.58
Canadian $ Down 62 tick @ 100.06
In my portfolio :
Sold AAPL
Sold AMZN
Sold BAC
Sold AUY
Tripled my position in RVBD @ $37.73
Doubled my position in FFIV @ $131.70
Portfolio is FFIV,MGM,PCLN,RVBD
Most stocks are Down
@ 12.40 following are green :
MGM,LVS,WYNN,NFLX,MGA,SOHU,MA,
SOL,CIEN,STP,ASIA,FMCN,SINA,BRCD,
CSIQ,NYX,SPWRA.....
BLOG does NOT give buy or sell.
Saleem
Monday, January 3, 2011
Impressive close in all indices...NICE !!!!
Stock market gave a stunning performance on the very first trading day of the year.All indices were @ highest level & close in two years......
But as usual, Guy Adami is NOT impressed with this TAPE & remains "proudly bearish"....has not learnt to change his mind, when he has been proven wrong since March 2009 ???
As we still have many skeptics who were predicting pullback for weeks...this rally may have lot of room still left.....this time many skeptics will be forced to join this rally which will propel this run much further.....RSI may go into highest level which may be close to 90......
Strong stocks which went UP $ & % wise included :
PCLN +$16.44
AAPL +$7.01
AMZN +$4.22
FFIV +$4.17
RVBD+$2.65
MGM+53 cents
BAC+85 cents
CRM+$4.60
GS+$4.89
GOOG+$10.38
WYNN+$5.15
LULU+$3.16
Nice to see these outsize gains in many strong stocks.
AH Futures Down
AH Asian Markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
But as usual, Guy Adami is NOT impressed with this TAPE & remains "proudly bearish"....has not learnt to change his mind, when he has been proven wrong since March 2009 ???
As we still have many skeptics who were predicting pullback for weeks...this rally may have lot of room still left.....this time many skeptics will be forced to join this rally which will propel this run much further.....RSI may go into highest level which may be close to 90......
Strong stocks which went UP $ & % wise included :
PCLN +$16.44
AAPL +$7.01
AMZN +$4.22
FFIV +$4.17
RVBD+$2.65
MGM+53 cents
BAC+85 cents
CRM+$4.60
GS+$4.89
GOOG+$10.38
WYNN+$5.15
LULU+$3.16
Nice to see these outsize gains in many strong stocks.
AH Futures Down
AH Asian Markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Indices @ record high AGAIN....NICE !!!!
Indices are UP from 1.09% to 1.80% reaching heights not seen since 2008....
Nasdaq is the strongest & many stocks are @ new all time high.....
Facebook valuation of $50 billion by GS is adding fuel to this bull fire.......
Gold Down $2.10
Oil UP 76 cents
Canadian $ UP 82 tick @ record high of 1.01 means US$ is worth only 99 cents Canadian.
Portfolio is BAC,FFIV,MGM,PCLN,RVBD,AUY,AAPL,AMZN......
Most of the stocks are UP
Among the decliners are Gold shares.....
BLOG does NOT give buy or sell.
Saleem
Nasdaq is the strongest & many stocks are @ new all time high.....
Facebook valuation of $50 billion by GS is adding fuel to this bull fire.......
Gold Down $2.10
Oil UP 76 cents
Canadian $ UP 82 tick @ record high of 1.01 means US$ is worth only 99 cents Canadian.
Portfolio is BAC,FFIV,MGM,PCLN,RVBD,AUY,AAPL,AMZN......
Most of the stocks are UP
Among the decliners are Gold shares.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 2, 2011
Looking ahead in 2011......
2010 came to a close with the following stat :
Dow +11%
S&P 500 +12.8%
Nasdaq +16.9%
First six months of 2010 , S&P 500 was Down 8%......so last 6 months saw a major bull run of almost 21%..ending the year +12.8%
Ironically, my stock market prediction was right on the money...BUT my personal stock selection left lot to be desired ...as i ended Down 3.3%.....so i am naturally upset & disappointed...
SO...here we are in 2011......
I do see, this bull market continuing.
Consensus on Wall Street is that S&P 500 will be UP 9%.....as we all KNOW that consensus is generally not right ?
I see Q1 as super strong, then negative Q2.......
Making money in market is always a challenge.......when everyone is euphoric as it is going to be in Q1..then disappointment follows which could be Q2.
For traders, market is always challenging...either you buy too soon or you sell too soon......
For swing traders,it is little less stressful as there is more time on hand and stocks do have time to give a real picture.
For Investors,it is all about where you are putting your $...investors generally are much more conservative & have dividend more in focus.....this approach generally is a safer approach.
For me Q1 is going to be accumulate & stay put in my aggressive portfolio....when i see RSI touching 80+...then it is time to rethink...currently RSI is @ 69.26...
As we all have noted that aggressive stocks can give UP $14 in a hurry & also gain $14 in no time......so it is to be recognized that things CAN & WILL turn in a hurry......but the WAIT can be very painful & may prompt booking a loss.
SO...you all need to stay in a theme of your OWN comfort level.....
Traders should trade daily in Q1....
Swing Traders should move to different stocks in Q1.....
Investors need to find themes which will work in 2011.....
I personally see money being made in Q1 by most participant, unless they are buying "bargains"???
Staying with "strong sectors" & "strong stocks" remains the theme for 2011.
Mutual funds are seeing "inflow" of funds after long time....
Consumers are feeling good & spending.
Gold & Oil prices are predicting "much more stronger" economy than pundits.
Obama ,congress & senate working together.
Year 3 of Presidency is extremely "bullish"
SO...what is there NOT to like about economic picture ???
So it is important to do analysis of stocks based on fundamental but also on technicals....combo does work most of the time.....
Couple of FREE sites which i personally visit prior to making any buying or selling decisions are listed below :
stockcharts.com
stockconsultant.com
Plus i check Yahoo finance,google finance & moneycentral.msn.com for news & fundamental analysis.
I also have my real portfolio & potential buys set up in Yahoo finance & google finance..no more than 20 stocks..i monitor @ a time including my portfolio...any more than 20..you are not really catching all the news in depth ????so more is NOT better IMHO.
Sincerely hoping, that all of us will do better in 2011.
Good luck with your OWN strategy & homework.
BLOG does NOT give buy or sell.
Saleem
Dow +11%
S&P 500 +12.8%
Nasdaq +16.9%
First six months of 2010 , S&P 500 was Down 8%......so last 6 months saw a major bull run of almost 21%..ending the year +12.8%
Ironically, my stock market prediction was right on the money...BUT my personal stock selection left lot to be desired ...as i ended Down 3.3%.....so i am naturally upset & disappointed...
SO...here we are in 2011......
I do see, this bull market continuing.
Consensus on Wall Street is that S&P 500 will be UP 9%.....as we all KNOW that consensus is generally not right ?
I see Q1 as super strong, then negative Q2.......
Making money in market is always a challenge.......when everyone is euphoric as it is going to be in Q1..then disappointment follows which could be Q2.
For traders, market is always challenging...either you buy too soon or you sell too soon......
For swing traders,it is little less stressful as there is more time on hand and stocks do have time to give a real picture.
For Investors,it is all about where you are putting your $...investors generally are much more conservative & have dividend more in focus.....this approach generally is a safer approach.
For me Q1 is going to be accumulate & stay put in my aggressive portfolio....when i see RSI touching 80+...then it is time to rethink...currently RSI is @ 69.26...
As we all have noted that aggressive stocks can give UP $14 in a hurry & also gain $14 in no time......so it is to be recognized that things CAN & WILL turn in a hurry......but the WAIT can be very painful & may prompt booking a loss.
SO...you all need to stay in a theme of your OWN comfort level.....
Traders should trade daily in Q1....
Swing Traders should move to different stocks in Q1.....
Investors need to find themes which will work in 2011.....
I personally see money being made in Q1 by most participant, unless they are buying "bargains"???
Staying with "strong sectors" & "strong stocks" remains the theme for 2011.
Mutual funds are seeing "inflow" of funds after long time....
Consumers are feeling good & spending.
Gold & Oil prices are predicting "much more stronger" economy than pundits.
Obama ,congress & senate working together.
Year 3 of Presidency is extremely "bullish"
SO...what is there NOT to like about economic picture ???
So it is important to do analysis of stocks based on fundamental but also on technicals....combo does work most of the time.....
Couple of FREE sites which i personally visit prior to making any buying or selling decisions are listed below :
stockcharts.com
stockconsultant.com
Plus i check Yahoo finance,google finance & moneycentral.msn.com for news & fundamental analysis.
I also have my real portfolio & potential buys set up in Yahoo finance & google finance..no more than 20 stocks..i monitor @ a time including my portfolio...any more than 20..you are not really catching all the news in depth ????so more is NOT better IMHO.
Sincerely hoping, that all of us will do better in 2011.
Good luck with your OWN strategy & homework.
BLOG does NOT give buy or sell.
Saleem
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