Indices overcame negativity in Nasdaq & closed green.....
Market TAPE was positive....internals were positive in every category..new highs expanded their lead.....good technical improvement.
VIX Down 4.53% @ 18.35
Stocks which were green included RIMM,AAPL,BIDU,GOOG,
SLW,MOS,POT,CNQ,SU,LVS,EBIX,ARUN.......
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Monday, February 28, 2011
Nasdaq Down while Dow & S&P 500 UP.....
Indices are mixed so far ...
Economic news continues to be positive.
Oil Down 36 cents
Gold UP $4.40
Canadian $ UP 52 tick @ 102.81...highest level in 3 yrs.....
In my portfolio :
Bought NVDA @ $22.89
Portfolio is FFIV,F,NVDA,RIMM,RVBD....
Most stocks are Down...
@ 12.55 following are UP :
AAPL,ARMH,GOOG,SLW,MOS,POT,
CNQ,SU,LVS,BAC,AMCC,CIEN,EBIX,
ASIA,GG,CTRN,ICE,AEM,ABX,TTM,
SNE,VAR.....
BLOG does NOT give buy or sell.
Saleem
Economic news continues to be positive.
Oil Down 36 cents
Gold UP $4.40
Canadian $ UP 52 tick @ 102.81...highest level in 3 yrs.....
In my portfolio :
Bought NVDA @ $22.89
Portfolio is FFIV,F,NVDA,RIMM,RVBD....
Most stocks are Down...
@ 12.55 following are UP :
AAPL,ARMH,GOOG,SLW,MOS,POT,
CNQ,SU,LVS,BAC,AMCC,CIEN,EBIX,
ASIA,GG,CTRN,ICE,AEM,ABX,TTM,
SNE,VAR.....
BLOG does NOT give buy or sell.
Saleem
I will be posting twice M-F around 1 & 10 PM.....
Another adjustment that i am making is to continue with TWO post per day M-F....
First post as usual around 1 PM & second around 10 PM......
Friday post will incorporate Sunday format..a market perspective.....
Thursday post will incorporate Saturday "buy rated stocks"
Both Thursday & Friday closing post will including any news etc also.....
Hope this will maintain some kind of normalcy for the BLOG visitors.
Just having Saturday & Sunday away from Wall Street thoughts, did lot of good to me.Feel rested which i should be doing on weekend.
BLOG does NOT give buy or sell.
Saleem
First post as usual around 1 PM & second around 10 PM......
Friday post will incorporate Sunday format..a market perspective.....
Thursday post will incorporate Saturday "buy rated stocks"
Both Thursday & Friday closing post will including any news etc also.....
Hope this will maintain some kind of normalcy for the BLOG visitors.
Just having Saturday & Sunday away from Wall Street thoughts, did lot of good to me.Feel rested which i should be doing on weekend.
BLOG does NOT give buy or sell.
Saleem
Sunday, February 27, 2011
Thank you for your feedback.......
Sincere thanks to Paramjeet, Michael, C, Victor, Nag, David, Elsie & idreamalot2 on TSL board......for your feedback regarding my decision for not UPDATING my BLOG from hereon.
Your comments deeply affected me as a Taurus . I am extremely REPONSIVE to any situation where i feel my INPUT can be USEFUL.
Your reactive comment told me more than what i was ready for......
SO..in order to BALANCE my need of less time commitment against your request for continued updating...
Here is what i will be happy to do :
-Post on trading day between 9 & 10 PM
-Will respond to any comment/request @ 9PM -10 PM .
The changes are as follows :
-No noon update
-No Saturday/Sunday BLOG
I will try to cover as much as possible in my trading day BLOG......which will include market analysis, economic data impact, TAPE of winners & losers.......plus update on my trading activity with weekly allocation update on Friday.
Seven day BLOG was taking a toll in my daily schedule.
Here is my % weighting as of Friday's close :
FFIV.. 34.59%
RIMM. 26.82%
RVBD 25.83%
F........12.76%
Enjoy your weekend & good luck with next week trading.
BLOG does NOT give buy or sell.
Once again, thanks for your feedback !!!!
Saleem
Your comments deeply affected me as a Taurus . I am extremely REPONSIVE to any situation where i feel my INPUT can be USEFUL.
Your reactive comment told me more than what i was ready for......
SO..in order to BALANCE my need of less time commitment against your request for continued updating...
Here is what i will be happy to do :
-Post on trading day between 9 & 10 PM
-Will respond to any comment/request @ 9PM -10 PM .
The changes are as follows :
-No noon update
-No Saturday/Sunday BLOG
I will try to cover as much as possible in my trading day BLOG......which will include market analysis, economic data impact, TAPE of winners & losers.......plus update on my trading activity with weekly allocation update on Friday.
Seven day BLOG was taking a toll in my daily schedule.
Here is my % weighting as of Friday's close :
FFIV.. 34.59%
RIMM. 26.82%
RVBD 25.83%
F........12.76%
Enjoy your weekend & good luck with next week trading.
BLOG does NOT give buy or sell.
Once again, thanks for your feedback !!!!
Saleem
Friday, February 25, 2011
It IS time to say "goodbye".......
I started this BLOG in April of 2007......
I averaged 671 post every year.....
My total BLOG posting including this one adds up to 2,687....
In the lifespan of 3 years & 10 months, this BLOG participated in the run up to Highs of the market in 2008 & then analyzed the market TAPE in the financial turmoil of 2009.
Lately, market TAPE has changed for the better.....
It takes tremendous amount of TIME & EFFORT to analyze market movement with CONTRADICTORY forces @ play.
I am going to stop posting in my BLOG from hereon to reduce my time in monitoring market TAPE.
Yes, i will continue to trade for my account with the same intensity & focus.
Sincerely hoping, that all the effort i put in all these years of analyzing market forces was of some value & helped in your investing or trading decision.
Thank you for visiting my BLOG on a daily basis, for which i will always remain grateful.
Wishing you all the success in growing your equity.
Saleem
I averaged 671 post every year.....
My total BLOG posting including this one adds up to 2,687....
In the lifespan of 3 years & 10 months, this BLOG participated in the run up to Highs of the market in 2008 & then analyzed the market TAPE in the financial turmoil of 2009.
Lately, market TAPE has changed for the better.....
It takes tremendous amount of TIME & EFFORT to analyze market movement with CONTRADICTORY forces @ play.
I am going to stop posting in my BLOG from hereon to reduce my time in monitoring market TAPE.
Yes, i will continue to trade for my account with the same intensity & focus.
Sincerely hoping, that all the effort i put in all these years of analyzing market forces was of some value & helped in your investing or trading decision.
Thank you for visiting my BLOG on a daily basis, for which i will always remain grateful.
Wishing you all the success in growing your equity.
Saleem
Indices UP .43% to 1.28%......Nice !!!!
All Indices are green on weekly option expiry day, which is showing technical rebound from an oversold condition......
Gold Down $8.40
Oil UP 27 cents
Canadian $ UP 19 tick @ 101.92..a new 3 yr high
In my portfolio :
Added 40% RIMM @ $66.....
Portfolio is FFIV,F,RIMM,RVBD
Most stocks are UP
@ 12.31 following are RED :
SOL,TSL,JCP,NFLX,C,JASO,STO,HSOL,
FUQI,NVTL,CCME,ECA,CSIQ,NYX,
SPWRA,FSLR.....
Those who want to keep track of Solar ER, JKS reports before open Monday
& SOL reports before open Tuesday.
BLOG does NOT give buy or sell.
Saleem
Gold Down $8.40
Oil UP 27 cents
Canadian $ UP 19 tick @ 101.92..a new 3 yr high
In my portfolio :
Added 40% RIMM @ $66.....
Portfolio is FFIV,F,RIMM,RVBD
Most stocks are UP
@ 12.31 following are RED :
SOL,TSL,JCP,NFLX,C,JASO,STO,HSOL,
FUQI,NVTL,CCME,ECA,CSIQ,NYX,
SPWRA,FSLR.....
Those who want to keep track of Solar ER, JKS reports before open Monday
& SOL reports before open Tuesday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 24, 2011
Nasdaq closed UP.....NICE !!!!
Nasdaq was the only index to close in green, UP .55%.....so there was no 3 day negative close for Nasdaq. Dow & S&P 500 closed down .31% & .10% respectively......
Stocks that closed UP 4% or more included FFIV,RVBD,PCLN,STP,NVTL...
VIX closed Down 3.66% @ 21.32
AH ER CRM was a beat & guide UP, stock UP 8.17%
AH ER IAG was a beat, stock UP 3.34%
AH ER FSLR was a miss on revenue & downward revision of 2011 guidance of Sales & EPS, stock Down 7.46%
AH Futures UP
AH Asian markets UP
Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Stocks that closed UP 4% or more included FFIV,RVBD,PCLN,STP,NVTL...
VIX closed Down 3.66% @ 21.32
AH ER CRM was a beat & guide UP, stock UP 8.17%
AH ER IAG was a beat, stock UP 3.34%
AH ER FSLR was a miss on revenue & downward revision of 2011 guidance of Sales & EPS, stock Down 7.46%
AH Futures UP
AH Asian markets UP
Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
All Indices slightly RED......
Dow & S&P 500 went below yesterday's low...but Nasdaq did not...a good sign of relative outperformance
S&P 500 is waging an epic battle for 1300.......
Gold Down 90 cents
Oil UP $1.17
Canadian $ UP 53 tick @ 101.64...@ 3 yr high
Portfolio is FFIV,F,RIMM,RVBD
Most stocks are UP...
@ 1.20 following are RED :
F,AAPL,CMG,GS,GOOG,AKAM,SLW,IBN,
M,CNQ,SU,LVS,MGM,BAC,C,FUQI,EBIX,
DRYS,AMZN,FMCN,SNDA,IAG,GG,LULU,
AEM,VLO,ABX,ISRG,TTM.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 is waging an epic battle for 1300.......
Gold Down 90 cents
Oil UP $1.17
Canadian $ UP 53 tick @ 101.64...@ 3 yr high
Portfolio is FFIV,F,RIMM,RVBD
Most stocks are UP...
@ 1.20 following are RED :
F,AAPL,CMG,GS,GOOG,AKAM,SLW,IBN,
M,CNQ,SU,LVS,MGM,BAC,C,FUQI,EBIX,
DRYS,AMZN,FMCN,SNDA,IAG,GG,LULU,
AEM,VLO,ABX,ISRG,TTM.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 23, 2011
Indices closed Down .61% to 1.21% ......
SO.... we had our correction which hopefully ended today....
Indices were down from .61% to 1.21%.......
Internals of the market were negative as follows :
Down Volume led by 1.93 to 1 in NYSE & 7 to 1 in Nasdaq
Declining stocks led by 1.84 to 1 in NYSE & 3.17 to 1 in Nasdaq
As you can clearly see that internals were much better than yesterday.....
RSI @ close are as follows :
Dow 52.08
S&P 500 49.45
Nasdaq 42.69
NOW the logical question is how bad was this correction.....i have taken absolute high & today's low as my measurement :
Dow <2.6%>
S&P 500 <3.3%>
Nasdaq <4.75%>
As you can see that this correction was on the mild side....
AH PCLN ER was a beat & guide UP, stock UP $20.01...had a wild ride in AH low was $387.50 & high was $456..a swing in AH of $68.50....
AH MGA ER was a miss, stock Down $3.48
AH AUY ER was a beat, stock UP .26 cents
AH futures are UP
AH Asian markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices were down from .61% to 1.21%.......
Internals of the market were negative as follows :
Down Volume led by 1.93 to 1 in NYSE & 7 to 1 in Nasdaq
Declining stocks led by 1.84 to 1 in NYSE & 3.17 to 1 in Nasdaq
As you can clearly see that internals were much better than yesterday.....
RSI @ close are as follows :
Dow 52.08
S&P 500 49.45
Nasdaq 42.69
NOW the logical question is how bad was this correction.....i have taken absolute high & today's low as my measurement :
Dow <2.6%>
S&P 500 <3.3%>
Nasdaq <4.75%>
As you can see that this correction was on the mild side....
AH PCLN ER was a beat & guide UP, stock UP $20.01...had a wild ride in AH low was $387.50 & high was $456..a swing in AH of $68.50....
AH MGA ER was a miss, stock Down $3.48
AH AUY ER was a beat, stock UP .26 cents
AH futures are UP
AH Asian markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Oil rises near $100 causing panic about economy....
Indices are down another 1.06% to 1.75% as Oil in WTI reaches $100 mark while Brent is @ $110.52 in London......
Impact of Oil prices is pronounced in many areas of economy...thus selling of everything except Oil & Gold.....
Libyan Oil production of 367,000 BPD is almost shutdown......which is 2% of world oil production...
Now for the question about direction of market..as it is event driven it is hard to predict...plus IF we do not reverse..then there will be margin selling on Thursday..which will put further pressure..so monitor your OWN comfort level....
Gold UP $15.70
Oil UP $4.28
Canadian $ Down 30 tick @ 100.71
Portfolio is FFIV,F,RIMM,RVBD.....
Most stocks are Down
@1.25 following are Green :
AAPL,SLW,CCJ,CNQ,SU,GG,ECA,
AEM,ABX.....
BLOG does NOT give buy or sell.
Saleem
Impact of Oil prices is pronounced in many areas of economy...thus selling of everything except Oil & Gold.....
Libyan Oil production of 367,000 BPD is almost shutdown......which is 2% of world oil production...
Now for the question about direction of market..as it is event driven it is hard to predict...plus IF we do not reverse..then there will be margin selling on Thursday..which will put further pressure..so monitor your OWN comfort level....
Gold UP $15.70
Oil UP $4.28
Canadian $ Down 30 tick @ 100.71
Portfolio is FFIV,F,RIMM,RVBD.....
Most stocks are Down
@1.25 following are Green :
AAPL,SLW,CCJ,CNQ,SU,GG,ECA,
AEM,ABX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 22, 2011
Indices closed down 1.44% to 2.74%.....
Indices took a major hit today....closed down 1.44% to 2.74%...
Internals were extremely negative , sign of capitulation today....
Down volume led by 10.50 to 1 in NYSE & 19.35 to 1 in Nasdaq..extremely negative read..sign of imminent reversal....
Declining stocks led by 7.61 to 1 in NYSE & 5.59 to 1 in Nasdaq
New highs were still in the lead with 124 in NYSE & 78 in Nasdaq....
Those who held on to their position or switched into better buys will be amply rewarded...
RSI went from severely overbought to almost severely oversold in 1 day.....again a RARE capitulation scenario..here is the closing read in RSI :
Dow 60.10
S&P 500 53.71
Nasdaq 48.59
Here is RSI @ close in popular stocks..all are screaming buys.....
POT 42.94
AGU 44.35
AAPL 42.34
PCLN 45.21
AMZN 46.97
CMG 55.14
NFLX 54.35
BIDU 54.08
FFIV 38.15
F.....32.88
RIMM 60.40
RVBD 54.55
SOL..55.95
AH HPQ ER was a lowered guidance, Stock Down 12%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Internals were extremely negative , sign of capitulation today....
Down volume led by 10.50 to 1 in NYSE & 19.35 to 1 in Nasdaq..extremely negative read..sign of imminent reversal....
Declining stocks led by 7.61 to 1 in NYSE & 5.59 to 1 in Nasdaq
New highs were still in the lead with 124 in NYSE & 78 in Nasdaq....
Those who held on to their position or switched into better buys will be amply rewarded...
RSI went from severely overbought to almost severely oversold in 1 day.....again a RARE capitulation scenario..here is the closing read in RSI :
Dow 60.10
S&P 500 53.71
Nasdaq 48.59
Here is RSI @ close in popular stocks..all are screaming buys.....
POT 42.94
AGU 44.35
AAPL 42.34
PCLN 45.21
AMZN 46.97
CMG 55.14
NFLX 54.35
BIDU 54.08
FFIV 38.15
F.....32.88
RIMM 60.40
RVBD 54.55
SOL..55.95
AH HPQ ER was a lowered guidance, Stock Down 12%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
1.35% to 2.46% drop in Indices.....
Indices are in full blown correction due to overbought condition & Libyan scare......
Only positive take away from this selling is that RSI in all indices are as follows :
Dow 61.93
S&P 500 55.73
Nasdaq 50.72
They are all in NEUTRAL zone now,,neither overbought nor oversold.....
Gold UP $11.10
Oil UP $5.80
VIX UP 26.78% @ 20.83
Canadian $ Down 33 tick @ 101.33
In my portfolio :
Sold MGM
Bought RIMM @ $67.78
Portfolio is FFIV,F,RIMM,RVBD.....
Most stocks are Down....
BLOG does NOT give buy or sell.
Saleem
Only positive take away from this selling is that RSI in all indices are as follows :
Dow 61.93
S&P 500 55.73
Nasdaq 50.72
They are all in NEUTRAL zone now,,neither overbought nor oversold.....
Gold UP $11.10
Oil UP $5.80
VIX UP 26.78% @ 20.83
Canadian $ Down 33 tick @ 101.33
In my portfolio :
Sold MGM
Bought RIMM @ $67.78
Portfolio is FFIV,F,RIMM,RVBD.....
Most stocks are Down....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 20, 2011
Why every trader is nervous about this market ???
Traders are extremely insecure about this market.Some are resorting to sure short "shorting this market" through Bear ETF or VIX......
What most traders may not know that all time low in VIX is 6....old trading range was between 6 & 16.....
Everywhere it is the talk of "too far too fast","rally cannot sustain".......
Because of the above "prophetic declaration" which has been the MANTRA since fall of 09.....We keep climbing higher & higher. Shorts & their followers are losing equity faster than they can replenish....
Market TOP has NEVER occurred when we have BEARS like Prechter,Rosenberg,Kass & every technician on this planet is scared....on the CONTRARY it is the BIGGEST "bullish indicator"....
I will turn BEARISH when i hear that all or most of the ABOVE bear have "turned bullish" & Carter Worth is talking all time HIGHS.......
SO..in the meantime, pay attention to Cab Drivers in New York City..they are not BRAGGING about getting rich in stock market.....another reliable CONTRARY indicator......
SO...where we are in stock market ?
Nasdaq closed @ 3 year & 4 month HIGH......
Another 30 points UP in Nasdaq, we will be @ 10 yr high.....NOW that will be impressive HEADLINE in few days...then all the piggy bank & money lying around will be rushed to stock market. Doug Kass & his other celebrated BEARS will take notice & WILL SOFTEN their bearish stand just like Adami "softer side" these days.....no more "i am BEARISH but....."talk on CNBC.
NOW that you are all RELAXED about this market future...which is BRIGHT.....lets look @ technical condition of Nasdaq......
On a 10 yr RSI reading in Nasdaq we are @ 72.40 as of Friday's close...highest RSI in Nasdaq in last 10 yr is 91.38.......you still think we are OVERBOUGHT....i think NOT.......
So relax & do your OWN homework & focus on stocks, instead of WORRYING about something which has NOT happened since end of Aug ,2010......
YES..i will trade based on relative RSI levels & switching into slightly attractive RSI...like selling something which is @ 72 & buying something which is @ 64...which MAY be a very good strategy for swing trading......
Did you notice NO EUPHORIA on Fast Money desk ? they all look "less euphoric" than before..another reliable indicator..plus Doug Kass showing up weekly with more "outlandish non-research"
As you can feel that i am of "firm belief" that retail investors are grossly under-invested in this market......that belief is backed up by facts......from 2007 to 2010 $327 Billion were taken out from equity & only $17 Billion has been put back in equity with lot of hesitancy...that adds up to only 5% of outflow......
Nasdaq is on the verge of "major breakout" when we keep climbing towards that famous 5,000 which was achieved back in Jan of 2000......
No .....it wont be in a straight line.....BUT it is important to get the picture right......
This decade will be known as when markets had the "most sustained bull run ever"......
You must be wondering if i am out to lunch...i am afraid i am seeing things which most technicians are afraid to look even......a much HIGHER stock market !!!!
This is the decade of biggest repair of investors psyche.....a "sustained bull market will bring all the funds" back in.......
So have fun with this market, it will be good for your financial health.......gradually equity will grow.....
Here is my stock weighting as of Friday's close :
FFIV.. 35.22%
RVBD 25.86%
MGM. 25.40%
F.......13.52%
My YTD gain is 7.64%.....this despite the fact that, FFIV which is my biggest holding in new year has not worked out yet.....
As this is a 3 day long weekend both in Canada & US....there is no market activity in Toronto or New York.....it is a good idea to RETHINK your $ allocation to EQUITY in a DIVERSIFIED manner.
Good luck with your OWN comfort level with markets & stocks.Remember it is your hard earned money,some are happy with safety with less return, some wants to take higher risk for higher return.
BLOG does NOT give buy or sell.
Saleem
What most traders may not know that all time low in VIX is 6....old trading range was between 6 & 16.....
Everywhere it is the talk of "too far too fast","rally cannot sustain".......
Because of the above "prophetic declaration" which has been the MANTRA since fall of 09.....We keep climbing higher & higher. Shorts & their followers are losing equity faster than they can replenish....
Market TOP has NEVER occurred when we have BEARS like Prechter,Rosenberg,Kass & every technician on this planet is scared....on the CONTRARY it is the BIGGEST "bullish indicator"....
I will turn BEARISH when i hear that all or most of the ABOVE bear have "turned bullish" & Carter Worth is talking all time HIGHS.......
SO..in the meantime, pay attention to Cab Drivers in New York City..they are not BRAGGING about getting rich in stock market.....another reliable CONTRARY indicator......
SO...where we are in stock market ?
Nasdaq closed @ 3 year & 4 month HIGH......
Another 30 points UP in Nasdaq, we will be @ 10 yr high.....NOW that will be impressive HEADLINE in few days...then all the piggy bank & money lying around will be rushed to stock market. Doug Kass & his other celebrated BEARS will take notice & WILL SOFTEN their bearish stand just like Adami "softer side" these days.....no more "i am BEARISH but....."talk on CNBC.
NOW that you are all RELAXED about this market future...which is BRIGHT.....lets look @ technical condition of Nasdaq......
On a 10 yr RSI reading in Nasdaq we are @ 72.40 as of Friday's close...highest RSI in Nasdaq in last 10 yr is 91.38.......you still think we are OVERBOUGHT....i think NOT.......
So relax & do your OWN homework & focus on stocks, instead of WORRYING about something which has NOT happened since end of Aug ,2010......
YES..i will trade based on relative RSI levels & switching into slightly attractive RSI...like selling something which is @ 72 & buying something which is @ 64...which MAY be a very good strategy for swing trading......
Did you notice NO EUPHORIA on Fast Money desk ? they all look "less euphoric" than before..another reliable indicator..plus Doug Kass showing up weekly with more "outlandish non-research"
As you can feel that i am of "firm belief" that retail investors are grossly under-invested in this market......that belief is backed up by facts......from 2007 to 2010 $327 Billion were taken out from equity & only $17 Billion has been put back in equity with lot of hesitancy...that adds up to only 5% of outflow......
Nasdaq is on the verge of "major breakout" when we keep climbing towards that famous 5,000 which was achieved back in Jan of 2000......
No .....it wont be in a straight line.....BUT it is important to get the picture right......
This decade will be known as when markets had the "most sustained bull run ever"......
You must be wondering if i am out to lunch...i am afraid i am seeing things which most technicians are afraid to look even......a much HIGHER stock market !!!!
This is the decade of biggest repair of investors psyche.....a "sustained bull market will bring all the funds" back in.......
So have fun with this market, it will be good for your financial health.......gradually equity will grow.....
Here is my stock weighting as of Friday's close :
FFIV.. 35.22%
RVBD 25.86%
MGM. 25.40%
F.......13.52%
My YTD gain is 7.64%.....this despite the fact that, FFIV which is my biggest holding in new year has not worked out yet.....
As this is a 3 day long weekend both in Canada & US....there is no market activity in Toronto or New York.....it is a good idea to RETHINK your $ allocation to EQUITY in a DIVERSIFIED manner.
Good luck with your OWN comfort level with markets & stocks.Remember it is your hard earned money,some are happy with safety with less return, some wants to take higher risk for higher return.
BLOG does NOT give buy or sell.
Saleem
Saturday, February 19, 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.
DOLE,NXY,ASTI,LDK,ESLR,AUY,
BG,AKS,MSO,NAT,ZOLT,IGTE,
OSUR,TLM,AMD,YHOO......
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
DOLE,NXY,ASTI,LDK,ESLR,AUY,
BG,AKS,MSO,NAT,ZOLT,IGTE,
OSUR,TLM,AMD,YHOO......
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, February 18, 2011
Another highest close in Indices ...NICE !!!
Indices are defying skeptics by closing @ another high despite negative news out of China.
Stocks which ended green included ARUN,SPWRA,MGA,GOOG,CRM,
SLW,STP,JASO,IGTE.....
By noon Saturday, I will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Stocks which ended green included ARUN,SPWRA,MGA,GOOG,CRM,
SLW,STP,JASO,IGTE.....
By noon Saturday, I will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
All Indices GREEN...NICE !!!!
Option Expiry activity is in full swing by MM, still Indices are making new highs.
China raised reserve requirement for banks & indices are still high.....this TAPE is the most bullish i have ever seen...negative news don't matter.....even @ lofty level.
Gold UP $3.90
Oil UP $1.30
Canadian $ UP 24 tick @ 101.78..a new 3 yr HIGH
VIX Down 2.77% @ 16.13..getting close to 52 wk low of 14.86
In my portfolio :
Sold BAC
Added 50% FFIV @ $121.45
Portfolio is FFIV,F,MGM,RVBD.....
Most stocks are UP
@ 12.12 following are RED :
FFIV,MGM,F,TCK,PCLN,CMG,NFLX,AAPL,
BIDU,AKAM,MOS,POT,IBN,SOHU,CCJ,X,
LVS,CREE,AMCC,JDSU,CIEN,SNDK,NVLS,
CRUS,FNSR,BAC,SINA,CSIQ,CTRN,ICE,
VLO,TTM....
BLOG does NOT give buy or sell.
Saleem
China raised reserve requirement for banks & indices are still high.....this TAPE is the most bullish i have ever seen...negative news don't matter.....even @ lofty level.
Gold UP $3.90
Oil UP $1.30
Canadian $ UP 24 tick @ 101.78..a new 3 yr HIGH
VIX Down 2.77% @ 16.13..getting close to 52 wk low of 14.86
In my portfolio :
Sold BAC
Added 50% FFIV @ $121.45
Portfolio is FFIV,F,MGM,RVBD.....
Most stocks are UP
@ 12.12 following are RED :
FFIV,MGM,F,TCK,PCLN,CMG,NFLX,AAPL,
BIDU,AKAM,MOS,POT,IBN,SOHU,CCJ,X,
LVS,CREE,AMCC,JDSU,CIEN,SNDK,NVLS,
CRUS,FNSR,BAC,SINA,CSIQ,CTRN,ICE,
VLO,TTM....
BLOG does NOT give buy or sell.
Saleem
Thursday, February 17, 2011
Another record close in all indices....NICE !!!!
Indices are closing higher & higher which is a mark of a strong bull market.
All indices are sitting @ its highest point in almost 3 years.
Internals were strong.
VIX Down .78% @ 16.59
Here is my daily ritual of RSI read @ close :
Dow 76.08
S&P 500 73.12
Nasdaq 68.81
Strong stocks included RIMM,SOL,CMG,AMZN,GOOG,
SU,LEN,LVS,SLW,CCME,NVDA....
AH ER ARUN was a beat & guide UP , stock UP 8.8%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
All indices are sitting @ its highest point in almost 3 years.
Internals were strong.
VIX Down .78% @ 16.59
Here is my daily ritual of RSI read @ close :
Dow 76.08
S&P 500 73.12
Nasdaq 68.81
Strong stocks included RIMM,SOL,CMG,AMZN,GOOG,
SU,LEN,LVS,SLW,CCME,NVDA....
AH ER ARUN was a beat & guide UP , stock UP 8.8%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
All Indices GREEN.....NICE !!!!
Indices are doing the same thing which it has done since end of August, they keep going higher & higher.....they are all green despite higher than expected jobless claims.
Violence in Bahrain also a non-event.
Gold UP $8.40
Oil UP 37 cents
Canadian $ UP 9 tick @ 101.58 @ 3 year high...
In my portfolio :
Sold RIMM
Bought RVBD @ $41.63
Portfolio is BAC,FFIV,F,MGM,RVBD.....
Most stocks are Down....
@ 12.19 following are Green :
BAC,RIMM,PCLN,CMG,NFLX,GOOG,SLW,
V,SU,LVS,SOL,SNDK,NVLS,CCME,NVDA,
AMZN,IAG,ICE,LULU,NTES,VLO,ABX,
FSLR,IBN,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Violence in Bahrain also a non-event.
Gold UP $8.40
Oil UP 37 cents
Canadian $ UP 9 tick @ 101.58 @ 3 year high...
In my portfolio :
Sold RIMM
Bought RVBD @ $41.63
Portfolio is BAC,FFIV,F,MGM,RVBD.....
Most stocks are Down....
@ 12.19 following are Green :
BAC,RIMM,PCLN,CMG,NFLX,GOOG,SLW,
V,SU,LVS,SOL,SNDK,NVLS,CCME,NVDA,
AMZN,IAG,ICE,LULU,NTES,VLO,ABX,
FSLR,IBN,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 16, 2011
Guess what...indices closed @ another record...NICE !!!
Indices continues to make higher highs.
Internals were strong.....
Here is RSI read as of close :
Dow 74.78..recent high 80
S&P 500 71.70..recent high 78
Nasdaq 67.89..recent high 78
Why do i monitor RSI so closely , because it WARNS me in advance of potential OVERBOUGHT conditions....Not a science but it works for me.
Doug Kass has another flash..he is WAITING to add to his short.....he has been short for months which must have caused serious equity loss.....he firmly believes in being wrong again & again....fighting TAPE is his new MANTRA....
Stocks which were UP 4% or more included RIMM,SU,CNQ,
SOL,HSOL,BZH,ARUN,LDK....
AH ER NVDA is guiding higher , stock Down .34%
AH ER NTAP was a miss , stock Down 4.27%
AH ER AEM was a miss , stock Down 3.02%
AH ER KGC was a miss , stock Down .82%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals were strong.....
Here is RSI read as of close :
Dow 74.78..recent high 80
S&P 500 71.70..recent high 78
Nasdaq 67.89..recent high 78
Why do i monitor RSI so closely , because it WARNS me in advance of potential OVERBOUGHT conditions....Not a science but it works for me.
Doug Kass has another flash..he is WAITING to add to his short.....he has been short for months which must have caused serious equity loss.....he firmly believes in being wrong again & again....fighting TAPE is his new MANTRA....
Stocks which were UP 4% or more included RIMM,SU,CNQ,
SOL,HSOL,BZH,ARUN,LDK....
AH ER NVDA is guiding higher , stock Down .34%
AH ER NTAP was a miss , stock Down 4.27%
AH ER AEM was a miss , stock Down 3.02%
AH ER KGC was a miss , stock Down .82%
AH Futures Down
AH Asian markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All indices went to new high AGAIN...NICE !!!!
Indices are having a "choking effect" on shorts ,whose 400 reasons for crashing is NOT coming true for many months now...poor Doug Kass ain't so smart.....
Indices went to new highs AGAIN.....
Gold UP $1.30
Oil UP $1.52
Canadian $ UP 44 tick @ 101.47...near 2 yr high
Portfolio is BAC,FFIV,F,MGM,RIMM
Most stocks are UP
@ 12.24 following are RED :
BAC,FFIV,MGM,F,PLCM,AMZN,NFLX,
CMG,GOOG,CRM,SOHU,CREE,TCK,
FUQI,SNDK,NVTL,CCME,SLW,SINA,
CCJ,NYX,TTM,IBN....
BLOG does NOT give buy or sell.
Saleem
Indices went to new highs AGAIN.....
Gold UP $1.30
Oil UP $1.52
Canadian $ UP 44 tick @ 101.47...near 2 yr high
Portfolio is BAC,FFIV,F,MGM,RIMM
Most stocks are UP
@ 12.24 following are RED :
BAC,FFIV,MGM,F,PLCM,AMZN,NFLX,
CMG,GOOG,CRM,SOHU,CREE,TCK,
FUQI,SNDK,NVTL,CCME,SLW,SINA,
CCJ,NYX,TTM,IBN....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 15, 2011
.32% to .46% pullback @ close.....
Indices needed a day of rest after a marathon run.
Internals were negative.
AH ER DELL was a beat & guide UP , stock UP 5.61%
AH ER ROVI was guiding lower , stock Down 4.48%
AH Futures UP
AH Asian Markets Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Internals were negative.
AH ER DELL was a beat & guide UP , stock UP 5.61%
AH ER ROVI was guiding lower , stock Down 4.48%
AH Futures UP
AH Asian Markets Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Max .45% pullback in indices......
Indices are taking a pause after huge runup.Nasdaq is down about .45% while other indices are down around .35%......
Gold UP $8.70
Oil UP 24 cents
Canadian $ UP 11 tick @ 101.20
Portfolio is BAC,FFIV,F,MGM,RIMM
Most stocks are down
@ 11.50 following are UP :
PCLN,CRM,AKAM,SLW,GS,IBN,X,
CNQ,SU,AMCC,JASO,STP,CRUS,
IGTE,CCME,GG,IAG,CSIQ,AEM,
MFC,ABX,GNK....
BLOG does NOT give buy or sell.
Saleem
Gold UP $8.70
Oil UP 24 cents
Canadian $ UP 11 tick @ 101.20
Portfolio is BAC,FFIV,F,MGM,RIMM
Most stocks are down
@ 11.50 following are UP :
PCLN,CRM,AKAM,SLW,GS,IBN,X,
CNQ,SU,AMCC,JASO,STP,CRUS,
IGTE,CCME,GG,IAG,CSIQ,AEM,
MFC,ABX,GNK....
BLOG does NOT give buy or sell.
Saleem
Monday, February 14, 2011
Record close again in S&P 500 & Nasdaq...NICE !!!!!
S&P 500 & Nasdaq jumped to another record close.
Internals of the market were strong.
Stocks which were UP 3% or more included NFLX,CCJ,SLW,
SU,AMCC,JASO,STP,SOL,SOLF,JKS,TSL,SNDK,EBIX,CCME.
AH ER LLNW was a beat & guide UP , stock UP 20.74%
AH Futures Mixed
AH Asian Market UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Internals of the market were strong.
Stocks which were UP 3% or more included NFLX,CCJ,SLW,
SU,AMCC,JASO,STP,SOL,SOLF,JKS,TSL,SNDK,EBIX,CCME.
AH ER LLNW was a beat & guide UP , stock UP 20.74%
AH Futures Mixed
AH Asian Market UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Nasdaq & S&P 500 green...NICE !!!!
Indices are trying for another green day , S&P 500 & Nasdaq are green while Dow slightly lower.
Gold UP $4.80
Oil Down 3 cents
Canadian $ UP 10 tick @ 101.20
In my portfolio :
Added 25% BAC @ $14.81
Portfolio is BAC,FFIV,F,MGM,RIMM....
MGM ER for Q4 was 29 cents loss vs expectations of 22 cents loss.For Q1 they are guiding 10% REVPAR higher than Q4..which equals guidance higher than consensus......now it is up to the analysts to do their thing as to how they view guidance.CC was upbeat & they are looking @ improving trend going forward.
Most stocks are UP
@12.26 following are RED :
F,MGM,RIMM,PCLN,SOHU,ISRG,M,
LEN,NVLS,NVTL,RCI,ECA,BRCD,
CTRN,LULU,NYX.....
BLOG does NOT give buy or sell.
Saleem
Gold UP $4.80
Oil Down 3 cents
Canadian $ UP 10 tick @ 101.20
In my portfolio :
Added 25% BAC @ $14.81
Portfolio is BAC,FFIV,F,MGM,RIMM....
MGM ER for Q4 was 29 cents loss vs expectations of 22 cents loss.For Q1 they are guiding 10% REVPAR higher than Q4..which equals guidance higher than consensus......now it is up to the analysts to do their thing as to how they view guidance.CC was upbeat & they are looking @ improving trend going forward.
Most stocks are UP
@12.26 following are RED :
F,MGM,RIMM,PCLN,SOHU,ISRG,M,
LEN,NVLS,NVTL,RCI,ECA,BRCD,
CTRN,LULU,NYX.....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 13, 2011
Why pundits are so wrong about this market......
IF you follow any pundit be it technician or fundamental genius, they are all proven totally wrong by this market.
What is so ironic that none of the CNBC guest have any clue about this market.....
Most of the technicians were predicting lower & lower numbers till this day....
Market bottomed in March 09 which is almost 2 years ago, but Prechter,Rosenberg,Adami,Carter Worth were all WRONG @ every stage of this massive RUN....
None of the above GENIUS even predicted 1,000 in S&P 500......
The pattern has been for Carter Worth that IF S&P 500 goes to 800 he will predict a top 10 points above & he has been moving 10 points increment after the fact......
Prechter ,Rosenberg,Adami are absolutely "horrible" in their understanding of this market....they are all waiting for RETEST of March 09 LOWS........
WHY so many pundits are WRONG ?
WHY nobody believes this market ?
The answer MAYBE in the recent past history of this market since 1997.......
Since 1997..which is 14 years...has given lot of heartache to many investors,traders,mutual funds,technicians & fundamental analysts.......
It is important to look back @ history to understand,analyze & then make some RATIONALE prediction instead of being STUCK in past behaviour of this market......
In 1997 Nasdaq was @ 1200 area.......
In Jan 2000 Nasdaq hit 5000........
So in 3 short years we had a gain of 3800 points or a gain of 317%.....a better than 100%+ gain back to back to back......
In the same 3 years some stocks like Dell,CSCO,INTC,SUNW,JDSU,CIEN...sported a gain of 1000%...some investors & traders had their car license plate named after DELL,CSCO,INTC,JDSU,CIEN.........
That was all about FRENZIED Y2K upgrading which resulted in DOT COM boom.......
BUT sadly , all BOOM do bring a horrible BUST........most stocks lost 90% of their value...some famous name went bankrupt like NT.....
So from Jan 2000.....to March 09 , Nasdaq went from 5,000 to 1250...a loss of 3,750 points or loss of 75% of its value........that was a long painful 9 years..where financial excess resulted in total meltdown.......
SO,most technicians & Fundamental analysis took "extremely BEARISH tone"
Everybody was selling the rally IF it ever showed up......
SO,we were all conditioned NOT to trust stock market or any of its rally......
Most Prudent investors started to look away from stock market for returns,which took them to buying multiple houses......we all know how that ended & what it did to our financial system.....
SO,after being burned in Stock Market & Housing Market......confidence was shattered......
BUT happily..after every PROLONGED BUST comes another PROLONGED BOOM.......
WE MAY be looking @ the biggest BOOM in Stock Market & Housing for several decade...BUT nobody wants to think that @ this stage.......it is like one day @ a time ?
Because NOBODY wants to be caught in another SLUMP in stocks market,traders,investors are too happy to lock any gains...& WAIT for correction......
This WAIT for correction attitude is affecting Hedge Funds & Institutions also.........
SO , there is lot of selling going on these days.........
BUT IF you are like Doug Kass, you have been waiting for this correction for a long time & MISSING on an OPPORTUNITY of this CENTURY.......
Nasdaq has now moved UP from 1200 area in March 09 to 2809 a gain of 1609 points or a gain of 134% in 23 months or 70% annualized...no small return from any definition......
There is a tremendous RESURGENCE in worldwide economy....the problem worldwide is too much growth & too much inflation......
US & Europe which is the weakest link..also showing serious heartbeat in their economy.....jobless claims in US are @ the lowest level in many years.......
SO, it is important to PREDICT that we are gradually heading to an "economic BOOM worldwide".....
This will gradually result in biggest "bull market in HISTORY"....
Forget all those PUNDITS whose INCOMPETENCE should be OBVIOUS to even a 3 year old..when you are WRONG for 2 years..it is time to pack up & do something else instead of PRETENDING that you have the TALENT to analyze economy or stock market.......
YES..i am "super BULLISH".....
Forget RSI for selling......it is only to be used for swap in better trades
Remember RSI for buying only......
This is a different market..get USED to it....
YES , there will be periodic pullback of 3% to 7%...but when we are heading HIGHER another 100% ..who CARES about 5% pullback as long as you are DIVERSIFIED......
Please do NOT be in the business of market prediction.....most pundits have failed miserably & they are suppose to be "highly trained"..their WAVES, . , lines, %,resistance ain't working for 2 years ????
Here is my portfolio weighting :
MGM 25.42%
FFIV 24.85%
RIMM 24.61%
F..... 13.40%
BAC 11.72%
My Gains for the year is +11.07%
Good luck with your OWN comfort level with your stocks & market.
BLOG does NOT give buy or sell.
Saleem
What is so ironic that none of the CNBC guest have any clue about this market.....
Most of the technicians were predicting lower & lower numbers till this day....
Market bottomed in March 09 which is almost 2 years ago, but Prechter,Rosenberg,Adami,Carter Worth were all WRONG @ every stage of this massive RUN....
None of the above GENIUS even predicted 1,000 in S&P 500......
The pattern has been for Carter Worth that IF S&P 500 goes to 800 he will predict a top 10 points above & he has been moving 10 points increment after the fact......
Prechter ,Rosenberg,Adami are absolutely "horrible" in their understanding of this market....they are all waiting for RETEST of March 09 LOWS........
WHY so many pundits are WRONG ?
WHY nobody believes this market ?
The answer MAYBE in the recent past history of this market since 1997.......
Since 1997..which is 14 years...has given lot of heartache to many investors,traders,mutual funds,technicians & fundamental analysts.......
It is important to look back @ history to understand,analyze & then make some RATIONALE prediction instead of being STUCK in past behaviour of this market......
In 1997 Nasdaq was @ 1200 area.......
In Jan 2000 Nasdaq hit 5000........
So in 3 short years we had a gain of 3800 points or a gain of 317%.....a better than 100%+ gain back to back to back......
In the same 3 years some stocks like Dell,CSCO,INTC,SUNW,JDSU,CIEN...sported a gain of 1000%...some investors & traders had their car license plate named after DELL,CSCO,INTC,JDSU,CIEN.........
That was all about FRENZIED Y2K upgrading which resulted in DOT COM boom.......
BUT sadly , all BOOM do bring a horrible BUST........most stocks lost 90% of their value...some famous name went bankrupt like NT.....
So from Jan 2000.....to March 09 , Nasdaq went from 5,000 to 1250...a loss of 3,750 points or loss of 75% of its value........that was a long painful 9 years..where financial excess resulted in total meltdown.......
SO,most technicians & Fundamental analysis took "extremely BEARISH tone"
Everybody was selling the rally IF it ever showed up......
SO,we were all conditioned NOT to trust stock market or any of its rally......
Most Prudent investors started to look away from stock market for returns,which took them to buying multiple houses......we all know how that ended & what it did to our financial system.....
SO,after being burned in Stock Market & Housing Market......confidence was shattered......
BUT happily..after every PROLONGED BUST comes another PROLONGED BOOM.......
WE MAY be looking @ the biggest BOOM in Stock Market & Housing for several decade...BUT nobody wants to think that @ this stage.......it is like one day @ a time ?
Because NOBODY wants to be caught in another SLUMP in stocks market,traders,investors are too happy to lock any gains...& WAIT for correction......
This WAIT for correction attitude is affecting Hedge Funds & Institutions also.........
SO , there is lot of selling going on these days.........
BUT IF you are like Doug Kass, you have been waiting for this correction for a long time & MISSING on an OPPORTUNITY of this CENTURY.......
Nasdaq has now moved UP from 1200 area in March 09 to 2809 a gain of 1609 points or a gain of 134% in 23 months or 70% annualized...no small return from any definition......
There is a tremendous RESURGENCE in worldwide economy....the problem worldwide is too much growth & too much inflation......
US & Europe which is the weakest link..also showing serious heartbeat in their economy.....jobless claims in US are @ the lowest level in many years.......
SO, it is important to PREDICT that we are gradually heading to an "economic BOOM worldwide".....
This will gradually result in biggest "bull market in HISTORY"....
Forget all those PUNDITS whose INCOMPETENCE should be OBVIOUS to even a 3 year old..when you are WRONG for 2 years..it is time to pack up & do something else instead of PRETENDING that you have the TALENT to analyze economy or stock market.......
YES..i am "super BULLISH".....
Forget RSI for selling......it is only to be used for swap in better trades
Remember RSI for buying only......
This is a different market..get USED to it....
YES , there will be periodic pullback of 3% to 7%...but when we are heading HIGHER another 100% ..who CARES about 5% pullback as long as you are DIVERSIFIED......
Please do NOT be in the business of market prediction.....most pundits have failed miserably & they are suppose to be "highly trained"..their WAVES, . , lines, %,resistance ain't working for 2 years ????
Here is my portfolio weighting :
MGM 25.42%
FFIV 24.85%
RIMM 24.61%
F..... 13.40%
BAC 11.72%
My Gains for the year is +11.07%
Good luck with your OWN comfort level with your stocks & market.
BLOG does NOT give buy or sell.
Saleem
Saturday, February 12, 2011
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE, then make your OWN decision.
BG,N,PIR,AMZN,ARUN,RNWK,AAI,
IBN,CTRP,JASO,XOMA,LTD,RVBD,
SNDA,TTM,TSM,AMKR,FMCN......
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
BG,N,PIR,AMZN,ARUN,RNWK,AAI,
IBN,CTRP,JASO,XOMA,LTD,RVBD,
SNDA,TTM,TSM,AMKR,FMCN......
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, February 11, 2011
Record close in all Indices.....NICE !!!!
All indices are making new highs.
Internals of the market were strong.
Ironically Doug Kass keeps coming with his "brand new & latest reasons" why this market will fall sharply.Mr Kass has been bearish since S&P 500 was @ 1000......so he has been "whistling past his short graveyard" ever since...it is dangerous for any ones financial health to be short & WRONG for almost 33%....WOW but he keeps yapping away ????
In my Portfolio :
Doubled my position in MGM @ $15.72...it is now my top holding.MGM reports before open on Monday...expecting higher than consensus guidance.......they are expected to report for Q4 a loss of 22 cents & revenue of $1.5 billion...for Q1 they are expected to lose 19 cents on revenue of $1.5 Billion......
Portfolio is BAC,FFIV,F,MGM,RIMM....
By noon Saturday, i will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Internals of the market were strong.
Ironically Doug Kass keeps coming with his "brand new & latest reasons" why this market will fall sharply.Mr Kass has been bearish since S&P 500 was @ 1000......so he has been "whistling past his short graveyard" ever since...it is dangerous for any ones financial health to be short & WRONG for almost 33%....WOW but he keeps yapping away ????
In my Portfolio :
Doubled my position in MGM @ $15.72...it is now my top holding.MGM reports before open on Monday...expecting higher than consensus guidance.......they are expected to report for Q4 a loss of 22 cents & revenue of $1.5 billion...for Q1 they are expected to lose 19 cents on revenue of $1.5 Billion......
Portfolio is BAC,FFIV,F,MGM,RIMM....
By noon Saturday, i will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
All Indices @ another record high...NICE !!!!
Indices are doing what it has been doing, making new highs.
Consumers are feeling good.
Gold UP $3
Oil Down 79 cents
Canadian $ UP 63 tick @ 101.06
In my portfolio :
Sold RVBD
Added 30% RIMM @ $66.25
Added 300% F @ $16.40
Portfolio is BAC,FFIV,F,MGM,RIMM
Most stocks are UP
@ 12.16 following are RED :
FFIV,MGM,RIMM,PCLN,EXPE,SOHU,CCJ,
CNQ,TCK,CCME,SLW,NTES,AEM,NYX....
BLOG does NOT give buy or sell.
Saleem
Consumers are feeling good.
Gold UP $3
Oil Down 79 cents
Canadian $ UP 63 tick @ 101.06
In my portfolio :
Sold RVBD
Added 30% RIMM @ $66.25
Added 300% F @ $16.40
Portfolio is BAC,FFIV,F,MGM,RIMM
Most stocks are UP
@ 12.16 following are RED :
FFIV,MGM,RIMM,PCLN,EXPE,SOHU,CCJ,
CNQ,TCK,CCME,SLW,NTES,AEM,NYX....
BLOG does NOT give buy or sell.
Saleem
Thursday, February 10, 2011
Constructive close AGAIN......NICE !!!!
Indices were all set to go down , thanks to CSCO & AKAM......
BUT, like any strong bull market..indices fought its way back to positive in S&P 500 & Nasdaq on heavy volume, but Dow needed a rest...
Internals were Mixed
RSI @ close are as follows :
Dow 76.48
S&P 500 68.66
Nasdaq 64.39
Strong stocks included RIMM,FFIV,RVBD,CMG,
BIDU,CRM,SOHU,NTES,CREE,JDSU,CIEN,FNSR,
ARUN......
AH ER CMG was beat, stock UP 8.72%
AH ER PNRA was a beat, stock UP 11.17%
AH ER EXPE was a miss, stock Down 12.38%
AH ER NILE was a miss , stock Down 11.84%
AH Futures Down
AH Asian Markets Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
BUT, like any strong bull market..indices fought its way back to positive in S&P 500 & Nasdaq on heavy volume, but Dow needed a rest...
Internals were Mixed
RSI @ close are as follows :
Dow 76.48
S&P 500 68.66
Nasdaq 64.39
Strong stocks included RIMM,FFIV,RVBD,CMG,
BIDU,CRM,SOHU,NTES,CREE,JDSU,CIEN,FNSR,
ARUN......
AH ER CMG was beat, stock UP 8.72%
AH ER PNRA was a beat, stock UP 11.17%
AH ER EXPE was a miss, stock Down 12.38%
AH ER NILE was a miss , stock Down 11.84%
AH Futures Down
AH Asian Markets Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Indices down .24% max......
Indices are showing "strong bull market TAPE" by getting over CSCO ongoing malaise.
Majority of CSCO competitors are moving UP strongly......WOW market can figure this out that CSCO malaise is others gain.....
Gold Down 90 cents
Oil UP 99 cents
Canadian $ Down 11 tick @ 100.48
Portfolio is BAC,FFIV,F,MGM,RIMM,RVBD
Most of the stocks are Down
@ 12.15 following are GREEN :
RVBD,FFIV,RIMM,PLCM,AAPL,CMG,
AMZN,PCLN,CRM,SOHU,ISRG,MA,V,
CREE,TCK,JDSU,CIEN,FNSR,ARUN,
ICE,LULU,NTES,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Majority of CSCO competitors are moving UP strongly......WOW market can figure this out that CSCO malaise is others gain.....
Gold Down 90 cents
Oil UP 99 cents
Canadian $ Down 11 tick @ 100.48
Portfolio is BAC,FFIV,F,MGM,RIMM,RVBD
Most of the stocks are Down
@ 12.15 following are GREEN :
RVBD,FFIV,RIMM,PLCM,AAPL,CMG,
AMZN,PCLN,CRM,SOHU,ISRG,MA,V,
CREE,TCK,JDSU,CIEN,FNSR,ARUN,
ICE,LULU,NTES,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 9, 2011
Dow makes another closing HIGH....NICE !!!!
Markets do not want to go down.Dow made another record close.
Other indices were slightly down.
Internals of the market were negative.
Following stocks were green RVBD,PCLN,CMG,AAPL,AMZN,NFLX,
BIDU,SOHU,CCJ,JDSU,FNSR.....
AH ER CSCO beat on Sales & EPS,but its guidance was below consensus due to margin pressure.CSCO Down AH 8.67%..i do not think that CSCO will affect market strength,as majority of tech companies are growing @ rapid clip.
AH ER AKAM guidance was a miss,stock Down 11.13%.
AH ER WFMI was a beat & guide above,stock UP 9.25%
AH Futures Mixed
AH Asian Markets Down
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Other indices were slightly down.
Internals of the market were negative.
Following stocks were green RVBD,PCLN,CMG,AAPL,AMZN,NFLX,
BIDU,SOHU,CCJ,JDSU,FNSR.....
AH ER CSCO beat on Sales & EPS,but its guidance was below consensus due to margin pressure.CSCO Down AH 8.67%..i do not think that CSCO will affect market strength,as majority of tech companies are growing @ rapid clip.
AH ER AKAM guidance was a miss,stock Down 11.13%.
AH ER WFMI was a beat & guide above,stock UP 9.25%
AH Futures Mixed
AH Asian Markets Down
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Less than .37% pullback in Indices....
Indices are dealing with slight overbought condition,negative worldwide stock market & Ben Bernanke testimony.All three are adding to a decline of .37% MAX....not bad @ all.
Gold Down $1.80
Oil Down 32 cents
Canadian $ UP 6 tick @ 100.55
Portfolio is BAC,FFIV,F,MGM,RIMM,RVBD.....
Most stocks are Down...
@ 12.59 following are UP :
RVBD,AAPL,PCLN,AMZN,CMG,NFLX,
BIDU,MOS,POT,AGU,AKAM,CCJ,SOHU,
JDSU,FNSR,SINA,SNDA,ICE,LULU,NDAQ,
NYX....
BLOG does NOT give buy or sell.
Saleem
Gold Down $1.80
Oil Down 32 cents
Canadian $ UP 6 tick @ 100.55
Portfolio is BAC,FFIV,F,MGM,RIMM,RVBD.....
Most stocks are Down...
@ 12.59 following are UP :
RVBD,AAPL,PCLN,AMZN,CMG,NFLX,
BIDU,MOS,POT,AGU,AKAM,CCJ,SOHU,
JDSU,FNSR,SINA,SNDA,ICE,LULU,NDAQ,
NYX....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 8, 2011
Market keeps moving UP.....NICE !!!!
All indices are @ new high again @ close.
RSI @ close are as follows :
Dow 77.60
S&P 500 71.21
Nasdaq 66.41
VIX Down 2.89% @ 15.81
Strong stocks included MGM,RVBD,PCLN,
AMZN,SLW,IAG,M,GG,LEN,SNDK,CCME.
AH ER ATML was a beat, stock UP 4.84%
AH ER NTGR was a miss, Stock Down 2.32%
Tomorrow there is a "mother of all earning reports"
AH when CSCO reports,which will affect Techs.I expect it
to be a beat & upbeat commentary this time.
AH Futures Down
AH Asian markets Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
RSI @ close are as follows :
Dow 77.60
S&P 500 71.21
Nasdaq 66.41
VIX Down 2.89% @ 15.81
Strong stocks included MGM,RVBD,PCLN,
AMZN,SLW,IAG,M,GG,LEN,SNDK,CCME.
AH ER ATML was a beat, stock UP 4.84%
AH ER NTGR was a miss, Stock Down 2.32%
Tomorrow there is a "mother of all earning reports"
AH when CSCO reports,which will affect Techs.I expect it
to be a beat & upbeat commentary this time.
AH Futures Down
AH Asian markets Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
China hikes interest rate & Markets HIGHER...NICE !!!!!
China raised interest rates for the second time to cool inflation,but markets are saying "bring it ON".....
When markets are not afraid of bad news....pay attention
All indices GREEN....
Gold UP $18.40
Oil Down 57 cents
Canadian $ Down 13 tick @ 100.80
In my portfolio :
Bought F @ $16.19
Portfolio is BAC,FFIV,F,MGM,RIMM,RVBD.....
Stocks are Mixed...
@ 1.24 following stocks are RED :
FFIV,RIMM,BAC,CMG,NFLX,MGA,
CRM,POT,IBN,SOHU,CCJ,MA,SU,
CNQ,JDSU,FNSR,TSL,JKS,STP,SOL,
SOLF,LDK,IGTE,ASIA,RCI,ECA,
ICE,JRCC,NDAQ,NTES,NYX,SPWRA,
FSLR,TTM,GNK....
BLOG does NOT give buy or sell.
Saleem
When markets are not afraid of bad news....pay attention
All indices GREEN....
Gold UP $18.40
Oil Down 57 cents
Canadian $ Down 13 tick @ 100.80
In my portfolio :
Bought F @ $16.19
Portfolio is BAC,FFIV,F,MGM,RIMM,RVBD.....
Stocks are Mixed...
@ 1.24 following stocks are RED :
FFIV,RIMM,BAC,CMG,NFLX,MGA,
CRM,POT,IBN,SOHU,CCJ,MA,SU,
CNQ,JDSU,FNSR,TSL,JKS,STP,SOL,
SOLF,LDK,IGTE,ASIA,RCI,ECA,
ICE,JRCC,NDAQ,NTES,NYX,SPWRA,
FSLR,TTM,GNK....
BLOG does NOT give buy or sell.
Saleem
Monday, February 7, 2011
Record high & record close in all indices...NICE !!!!
Indices are making new highs & closed @ highest level in almost 3 years.
Internals were strong.
RSI are as follows @ close :
Dow 75.01
S&P 500 69.39
Nasdaq 64.52
Strong stocks included BAC,RVBD,F,AAPL,GS,
M,LEN,POT,MOS,STP,SOL,JKS,EBIX,IGTE,
NVTL.....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals were strong.
RSI are as follows @ close :
Dow 75.01
S&P 500 69.39
Nasdaq 64.52
Strong stocks included BAC,RVBD,F,AAPL,GS,
M,LEN,POT,MOS,STP,SOL,JKS,EBIX,IGTE,
NVTL.....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
All Indices @ another record high...NICE !!!!
Indices are running away into another new record in last 30 months.....
New highs gets more new highs......
Gold UP $2.30
Oil Down 81 cents
Canadian $ Down 4 tick @ 101.16
Portfolio is BAC,FFIV,MGM,RIMM,RVBD....
Most stocks are UP
@ 12.33 following are RED :
RIMM,NFLX,CRM,AKAM,IAG,CCJ,CREE,
CRUS,SU,RCI,BRCD,GGJ,JDSU,NTES,AEM,
ABX,SNE,GNK.....
BLOG does NOT give buy or sell.
Saleem
New highs gets more new highs......
Gold UP $2.30
Oil Down 81 cents
Canadian $ Down 4 tick @ 101.16
Portfolio is BAC,FFIV,MGM,RIMM,RVBD....
Most stocks are UP
@ 12.33 following are RED :
RIMM,NFLX,CRM,AKAM,IAG,CCJ,CREE,
CRUS,SU,RCI,BRCD,GGJ,JDSU,NTES,AEM,
ABX,SNE,GNK.....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 6, 2011
How high is high for this market......
Here we are in wk 6 of new year.Every investor & trader is wondering what next.UP or DOWN.
Before we look @ possible scenario,let us first look @ my most reliable indicator for the market ( based on my experience) which is RSI,here is the reading as of Friday's close :
Dow 72.09
S&P 500 66.48
Nasdaq 62.32
As i have noted earlier that any divergence needs to be rectified.Nasdaq RSI is 10 points below Dow,which gives a clear signal that Nasdaq should move UP to catch Dow.
S&P 500 is also 6 points below Dow,which is also pointing to move UP to catch Dow.
Now the logical question is ,where will Dow go IF other indices are moving UP.
Dow has room for easy move to 80 area in RSI......
Whenever RSI gets near 80 area we have a "quick & sharp reversal of 3%"...which is a current trend.....can we move higher than 80 area..NO we have stayed in 80 area in recent past..but a quick & sharp reversal took place in Nov..where RSI went below 50 in a hurry & 5% correction took place....
So 80 RSI must be taken as point of correction to the tune of 3% to 5%.....
Now to the projected numbers....
Since we have just broken out to new highs in all indices after 3 week of consolidation,there is more new highs to come......
S&P 500 can easily move to 1370 area,which implies another 59.13 points or +4.5% from here...
So..it may be PRUDENT to maintain overweight in market.....
Market has given "clear signal" that we are going HIGHER....it ignored Egypt & lousy jobs data in the same week..when markets do not go down on NEGATIVE news..pay attention.....
Now the million $ question...where to invest or trade.......?
Thesis remains the same......stay with strong stocks......
How to find strong stocks ?
Watch the TAPE..it is as clear as a "crystal ball"
Do NOT try to be CONTRARIAN...let the market tell you where to TRADE...
For those who are investor or swing trader,it is extremely important to know the fundamentals of the company you invest or swing trade.Also important that you do not follow DAYTRADERS ie CNBC Fast Money who are in & out every 5 mt......
Let us take the example of FFIV,which i own & fond of for many months....it reported a below expectations in Sales on Jan 19th....it dropped $43 to $102.66 @ its low point..Joe Terranavo advised all his 5 mt follower NOT to touch FFIV @ all......guess what all his followers bailed out near $102 area.....Friday FFIV closed @ $123.64 UP almost $21 from low in 2 wk & 2 days......
So ..it is a classic case of knowing what an "over-reaction"looks like..a 1% miss in Sales guidance does not justify a haircut of 30%.......while EPS guidance was in-line.......
Weighting of my portfolio :
FFIV 28.45%
RVBD 21.70%
RIMM 21.37%
MGM 15.19%
BAC 13.29%
My portfolio YTD is down only 1.02%,thanks to FAST recovery in my portfolio & Canadian $.
Good luck with your OWN investment & trading strategy.
BLOG does NOT give buy or sell.
Saleem
Before we look @ possible scenario,let us first look @ my most reliable indicator for the market ( based on my experience) which is RSI,here is the reading as of Friday's close :
Dow 72.09
S&P 500 66.48
Nasdaq 62.32
As i have noted earlier that any divergence needs to be rectified.Nasdaq RSI is 10 points below Dow,which gives a clear signal that Nasdaq should move UP to catch Dow.
S&P 500 is also 6 points below Dow,which is also pointing to move UP to catch Dow.
Now the logical question is ,where will Dow go IF other indices are moving UP.
Dow has room for easy move to 80 area in RSI......
Whenever RSI gets near 80 area we have a "quick & sharp reversal of 3%"...which is a current trend.....can we move higher than 80 area..NO we have stayed in 80 area in recent past..but a quick & sharp reversal took place in Nov..where RSI went below 50 in a hurry & 5% correction took place....
So 80 RSI must be taken as point of correction to the tune of 3% to 5%.....
Now to the projected numbers....
Since we have just broken out to new highs in all indices after 3 week of consolidation,there is more new highs to come......
S&P 500 can easily move to 1370 area,which implies another 59.13 points or +4.5% from here...
So..it may be PRUDENT to maintain overweight in market.....
Market has given "clear signal" that we are going HIGHER....it ignored Egypt & lousy jobs data in the same week..when markets do not go down on NEGATIVE news..pay attention.....
Now the million $ question...where to invest or trade.......?
Thesis remains the same......stay with strong stocks......
How to find strong stocks ?
Watch the TAPE..it is as clear as a "crystal ball"
Do NOT try to be CONTRARIAN...let the market tell you where to TRADE...
For those who are investor or swing trader,it is extremely important to know the fundamentals of the company you invest or swing trade.Also important that you do not follow DAYTRADERS ie CNBC Fast Money who are in & out every 5 mt......
Let us take the example of FFIV,which i own & fond of for many months....it reported a below expectations in Sales on Jan 19th....it dropped $43 to $102.66 @ its low point..Joe Terranavo advised all his 5 mt follower NOT to touch FFIV @ all......guess what all his followers bailed out near $102 area.....Friday FFIV closed @ $123.64 UP almost $21 from low in 2 wk & 2 days......
So ..it is a classic case of knowing what an "over-reaction"looks like..a 1% miss in Sales guidance does not justify a haircut of 30%.......while EPS guidance was in-line.......
Weighting of my portfolio :
FFIV 28.45%
RVBD 21.70%
RIMM 21.37%
MGM 15.19%
BAC 13.29%
My portfolio YTD is down only 1.02%,thanks to FAST recovery in my portfolio & Canadian $.
Good luck with your OWN investment & trading strategy.
BLOG does NOT give buy or sell.
Saleem
Saturday, February 5, 2011
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.Ensure that your comfort level is high in buying .
CIEN,FCX,NM,CUTR,HLIT,ZOLT,JNPR,
V,JOF,CRM,PIR,TSM,HPQ,ARUN,BCSI,
CTXS,BID.....
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
CIEN,FCX,NM,CUTR,HLIT,ZOLT,JNPR,
V,JOF,CRM,PIR,TSM,HPQ,ARUN,BCSI,
CTXS,BID.....
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, February 4, 2011
All Indices @ record close...NICE !!!!
All indices are @ record close,despite job data being well below expectations.
Strong stocks included FFIV,RVBD,RIMM,JDSU,CIEN,FNSR,
CMG,NFLX,CRM,SOHU,CRUS,ARUN,CCME......
By noon Saturday,i will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Strong stocks included FFIV,RVBD,RIMM,JDSU,CIEN,FNSR,
CMG,NFLX,CRM,SOHU,CRUS,ARUN,CCME......
By noon Saturday,i will list some trading ideas.
BLOG does NOT give buy or sell.
Saleem
Market is smart in ignoring Jobs report...NICE !!!!
So another jobs report came and gone,economists gets paid big bucks to be "horribly wrong" month after month.....& they are known as "know it all genius"...
What market has been saying that economy "is on the mend" & jobs are a lagging indicator.....so don't get cute with "sky high numbers"..by end of 2011....jobs will be there....
Gold Down $3.80
Oil Down $1.82
Canadian $ UP 16 tick @ 101.00.Canada added 69,200 jobs vs expectations of +15,000..yes David Rosenberg is part of consensus...none of them know numbers..all guess work....
VIX Down 1.68% @ 16.41????
In my portfolio :
Added 150% more BAC @ $14.18
Portfolio is BAC,FFIV,MGM,RIMM,RVBD....
Most stocks are UP
@ 12.18 following are RED :
MGM,BAC,F,MGA,BIDU,GS,GOOG,
AKAM,MOS POT,IBN,CCJ,ISRG,X,TCK,
CNQ,SU,LEN,LVS,LDK,TSL,JKS,JASO,
STP,SOL,SOLF,SNDK,IGTE,FMCN,CSIQ,
ABX,SPWRA,FSLR,TTM,SNE,FWLT,CSTR,
PWER,AEIS.
BLOG does NOT give buy or sell.
Saleem
What market has been saying that economy "is on the mend" & jobs are a lagging indicator.....so don't get cute with "sky high numbers"..by end of 2011....jobs will be there....
Gold Down $3.80
Oil Down $1.82
Canadian $ UP 16 tick @ 101.00.Canada added 69,200 jobs vs expectations of +15,000..yes David Rosenberg is part of consensus...none of them know numbers..all guess work....
VIX Down 1.68% @ 16.41????
In my portfolio :
Added 150% more BAC @ $14.18
Portfolio is BAC,FFIV,MGM,RIMM,RVBD....
Most stocks are UP
@ 12.18 following are RED :
MGM,BAC,F,MGA,BIDU,GS,GOOG,
AKAM,MOS POT,IBN,CCJ,ISRG,X,TCK,
CNQ,SU,LEN,LVS,LDK,TSL,JKS,JASO,
STP,SOL,SOLF,SNDK,IGTE,FMCN,CSIQ,
ABX,SPWRA,FSLR,TTM,SNE,FWLT,CSTR,
PWER,AEIS.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 3, 2011
Another record close for Dow...NICE !!!!
All Indices closed green,while Dow closed @ another high.
Jobs report is coming @ 830 AM, but market TAPE is not worried @ all.
Strong stocks included FFIV,RIMM,CMG,F,MGA,
SLW,IAG,MA,GG,LVS,CRUS,IGTE.....
VIX closed Down 3.53% @ 16.69..getting close to 52 wk low of 15.23
AH ER JDSU was a beat & guide UP,stock UP 18.18%
AH ER LVS was a miss on revenue,stock Down 6.74%
AH ER PWER was a guide Down,stock Down 21.70%
AH ER CSTR was a guide Down,stock Down 10.26%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
White House reporting that US administration is working on
immediate exit for Egyptian President Hosni Mubarak.Interim
government to be headed by current Vice President.
BLOG does NOT give buy or sell.
Saleem
Jobs report is coming @ 830 AM, but market TAPE is not worried @ all.
Strong stocks included FFIV,RIMM,CMG,F,MGA,
SLW,IAG,MA,GG,LVS,CRUS,IGTE.....
VIX closed Down 3.53% @ 16.69..getting close to 52 wk low of 15.23
AH ER JDSU was a beat & guide UP,stock UP 18.18%
AH ER LVS was a miss on revenue,stock Down 6.74%
AH ER PWER was a guide Down,stock Down 21.70%
AH ER CSTR was a guide Down,stock Down 10.26%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
White House reporting that US administration is working on
immediate exit for Egyptian President Hosni Mubarak.Interim
government to be headed by current Vice President.
BLOG does NOT give buy or sell.
Saleem
Indices near breakeven......NICE !!!!
Indices were under pressure earlier due to Egyptian Law & Order situation,where journalists are being beaten including CNN reporters.
Indices are almost flat currently.
Gold UP $17.90
Oil Down 60 cents
Canadian $ Down 14 tick @ 101.04
Portfolio is BAC,FFIV,MGM,RIMM,RVBD
Most stocks are UP...
@ 12.35 following are RED :
MGM,RVBD,AAPL,GS,GOOG,CRM,MOS,
POT,SOHU,CCJ,V,NYX,X,TCK,M,JDSU,
FNSR,NVLS,SOLF,FUQI,CCME,ASIA,
CSIQ,CTRN,ICE,JRCC,NDAQ,NTES,
VLO,FSLR,GNK,FWLT.
BLOG does NOT give buy or sell.
Saleem
Indices are almost flat currently.
Gold UP $17.90
Oil Down 60 cents
Canadian $ Down 14 tick @ 101.04
Portfolio is BAC,FFIV,MGM,RIMM,RVBD
Most stocks are UP...
@ 12.35 following are RED :
MGM,RVBD,AAPL,GS,GOOG,CRM,MOS,
POT,SOHU,CCJ,V,NYX,X,TCK,M,JDSU,
FNSR,NVLS,SOLF,FUQI,CCME,ASIA,
CSIQ,CTRN,ICE,JRCC,NDAQ,NTES,
VLO,FSLR,GNK,FWLT.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 2, 2011
Another record close for Dow...NICE !!!!
Dow made another record close.
Internals were negative.
VIX Down 1.87% @ 17.30
Solar stocks were on fire as Germany confirmed its new policy on solar subsidy.
In my portfolio :
Sold PCLN...this was the-most expensive stock i had ever bought @ $415.90 & most volatile..$10 swing was norm on a daily basis..sold @ $441 today....$25.10 per share gain...
Bought RIMM @ $61.15
Portfolio is BAC,FFIV,MGM,RIMM,RVBD....
AH ER CYMI was a beat ,stock UP 6.45%...
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals were negative.
VIX Down 1.87% @ 17.30
Solar stocks were on fire as Germany confirmed its new policy on solar subsidy.
In my portfolio :
Sold PCLN...this was the-most expensive stock i had ever bought @ $415.90 & most volatile..$10 swing was norm on a daily basis..sold @ $441 today....$25.10 per share gain...
Bought RIMM @ $61.15
Portfolio is BAC,FFIV,MGM,RIMM,RVBD....
AH ER CYMI was a beat ,stock UP 6.45%...
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Nasdaq green......
Currently Nasdaq is green, while other indices are down less than .21%.
Gold Down $12.50
Oil Down 45 cents
Canadian $ UP 8 tick @ 101.01
In my portfolio :
Bought BAC @ $14.25
Portfolio is BAC,FFIV,MGM,PCLN,RVBD.....
@ 12.50 following are green :
FFIV,RVBD,RIMM,CMG,AMZN,GOOG,
CRM,POT,SOHU,CCJ,MA,V,SOL,JASO,
STP,SOLF,JKS,TSL,CRUS,ARUN,TCK,
SINA,CSIQ,NDAQ,NYX,VLO,SPWRA,
FSLR....
BLOG does NOT give buy or sell.
Saleem
Gold Down $12.50
Oil Down 45 cents
Canadian $ UP 8 tick @ 101.01
In my portfolio :
Bought BAC @ $14.25
Portfolio is BAC,FFIV,MGM,PCLN,RVBD.....
@ 12.50 following are green :
FFIV,RVBD,RIMM,CMG,AMZN,GOOG,
CRM,POT,SOHU,CCJ,MA,V,SOL,JASO,
STP,SOLF,JKS,TSL,CRUS,ARUN,TCK,
SINA,CSIQ,NDAQ,NYX,VLO,SPWRA,
FSLR....
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 1, 2011
Record high close for Dow & S&P 500....NICE !!!!
Indices are on a tear again.....
We are sitting @ highest point in 2.5 yrs .....
Internals were super strong.....
Adami, Kass,Prechter,Rosenberg are the undisputed "surprise for this year also",they remain firmly bearish for 2 years in a row......they haven't seen a single thing which has changed their mind yet...maybe S&P 500 @ 1500 could do the trick.........
Strong stocks included PCLN,FFIV,MGM,
BAC,RIMM,BIDU,GOOG,IAG,SLW,MOS,
POT,IBN,SOHU,ISRG,X,TCK,LVS,JDSU,
CIEN,LEN,NVLS,SNDK,ARUN,IGTE,STP....
AH ER BRCM guiding lower,stock Down 2.92%
AH ER WFR guiding higher,stock UP 3.35%
AH ER APKT was a beat,stock UP 4.92%.....may give some oxygen to FFIV & RVBD
AH Futures Down
AH Asian markets UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
We are sitting @ highest point in 2.5 yrs .....
Internals were super strong.....
Adami, Kass,Prechter,Rosenberg are the undisputed "surprise for this year also",they remain firmly bearish for 2 years in a row......they haven't seen a single thing which has changed their mind yet...maybe S&P 500 @ 1500 could do the trick.........
Strong stocks included PCLN,FFIV,MGM,
BAC,RIMM,BIDU,GOOG,IAG,SLW,MOS,
POT,IBN,SOHU,ISRG,X,TCK,LVS,JDSU,
CIEN,LEN,NVLS,SNDK,ARUN,IGTE,STP....
AH ER BRCM guiding lower,stock Down 2.92%
AH ER WFR guiding higher,stock UP 3.35%
AH ER APKT was a beat,stock UP 4.92%.....may give some oxygen to FFIV & RVBD
AH Futures Down
AH Asian markets UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 @ new high...NICE !!!!
Indices are making new highs in Dow & S&P 500 while Nasdaq is getting close to making new high.....
Economic data worldwide is improving,which is giving boost to investors confidence.
Gold Down $1.10
Oil Down 79 cents
Canadian $ UP 99 tick @ 100.92..putting a huge smile after 2 week of slump $$$$$$
VIX Down 10.14% @ 17.55
Most stocks are UP
Portfolio is FFIV,MGM,PCLN,RVBD
@ 12.40 following are RED :
RVBD,NFLX,M,CCME,ASIA,SNDA,
CTRN,GNK,TTM,VAR....
BLOG does NOT give buy or sell.
Saleem
Economic data worldwide is improving,which is giving boost to investors confidence.
Gold Down $1.10
Oil Down 79 cents
Canadian $ UP 99 tick @ 100.92..putting a huge smile after 2 week of slump $$$$$$
VIX Down 10.14% @ 17.55
Most stocks are UP
Portfolio is FFIV,MGM,PCLN,RVBD
@ 12.40 following are RED :
RVBD,NFLX,M,CCME,ASIA,SNDA,
CTRN,GNK,TTM,VAR....
BLOG does NOT give buy or sell.
Saleem
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