Indices were strong again @ close & finished near high of the day in high volume.
Internals were strong, UP minimum 2 to 1.
S&P 500 has moved UP 4.97% from low. RSI is @ 58.67
Technically market looks solid, but MAY need a rest after 4 strong days.
Volume should be thin on Friday plus weekly option expiry, this MAY pin few leaders down.
Stocks which were UP 2% or more included TZOO,ATML,SOL,
VMW,SOHU,QCOM,ALTR,JKS,JDSU,SNDK,CRUS...
AH Futures Down
AH Asian Markets UP
AH Oil,Gold & Silver down.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 30, 2011
Indices UP.96% to 1.15% .......NICE !!!!
Indices are all above 50 DMA, which is a strong technical signal of health of this market.
Internals are strong UP 3 to 1..
Gold Down $4.00
Oil Down 12 cent
Canadian $ UP 66 tick @ 103.75
VIX Down 6.72% @ 16.11
In my portfolio :
Bought UXG @ $5.91..a Silver Exploration company.
Portfolio is ATML,LULU,SOL,SVM,TZOO,UXG
Most stocks are UP
@ 12.39 following are Down :
GG,SLW,NFLX,FFIV,AMZN,MOS,CF,
MA,V,BAC,EBIX,ABX.....
BLOG does NOT give buy or sell.
Saleem
Internals are strong UP 3 to 1..
Gold Down $4.00
Oil Down 12 cent
Canadian $ UP 66 tick @ 103.75
VIX Down 6.72% @ 16.11
In my portfolio :
Bought UXG @ $5.91..a Silver Exploration company.
Portfolio is ATML,LULU,SOL,SVM,TZOO,UXG
Most stocks are UP
@ 12.39 following are Down :
GG,SLW,NFLX,FFIV,AMZN,MOS,CF,
MA,V,BAC,EBIX,ABX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 29, 2011
Indices closed higher again...NICE !!!!
Indices closed UP 3 days in a row in high volume.
Internals were positive.
Today was the day when VIX slumped almost 10% & Gold,Oil,Silver & stocks were UP.
S&P 500 closed @ 1307.41, 50 DMA is @ 1316.94 which should be taken out with ease.
RSI in S&P 500 is 54.55
As we all know, that this rally started when Adami & Kass were predicting major lows in S&P 500 AGAIN.There were many scared traders who believed in all the doom & gloom.Slowly they are coming back.Individual investors were most pessimistic.Today volume was high to confirm increasing participation......BUT holidays are coming so volume may drop off again. Canada is closed on Friday for our July 1st independence day & you are closed on Monday for July 4th holiday.Many traders are taking off from Thursday till Tuesday.
Stocks which were UP 2% or more included SOL,SVM,
UXG,FCX,RVBD,MPEL,FFIV,SLW,AG,CNQ,MOS,MA,V,
BAC,C....
AH Futures Mixed
AH Asian markets UP
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were positive.
Today was the day when VIX slumped almost 10% & Gold,Oil,Silver & stocks were UP.
S&P 500 closed @ 1307.41, 50 DMA is @ 1316.94 which should be taken out with ease.
RSI in S&P 500 is 54.55
As we all know, that this rally started when Adami & Kass were predicting major lows in S&P 500 AGAIN.There were many scared traders who believed in all the doom & gloom.Slowly they are coming back.Individual investors were most pessimistic.Today volume was high to confirm increasing participation......BUT holidays are coming so volume may drop off again. Canada is closed on Friday for our July 1st independence day & you are closed on Monday for July 4th holiday.Many traders are taking off from Thursday till Tuesday.
Stocks which were UP 2% or more included SOL,SVM,
UXG,FCX,RVBD,MPEL,FFIV,SLW,AG,CNQ,MOS,MA,V,
BAC,C....
AH Futures Mixed
AH Asian markets UP
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .49% to .84%........NICE !!!!
Indices are UP 3 days in a row.
Internals are positive.
Gold UP $9.20
Oil UP $2.60
Canadian $ UP 1.02 cent @ 103.04
VIX Down 7.93% @ 17.65
In my portfolio :
Sold CNQ
Bought LULU @ $111.67
Portfolio is ATML,LULU,SOL,SVM,TZOO
Most stocks are UP
@ 12.10 following are RED :
LULU,NTES,SINA,PLCM,LVS,NFLX,AAPL,
BWLD,SOHU,CRM,MA,JDSU,IGTE,EBIX,
FMCN,LDK,JKS....
BLOG does NOT give buy or sell.
Saleem
Internals are positive.
Gold UP $9.20
Oil UP $2.60
Canadian $ UP 1.02 cent @ 103.04
VIX Down 7.93% @ 17.65
In my portfolio :
Sold CNQ
Bought LULU @ $111.67
Portfolio is ATML,LULU,SOL,SVM,TZOO
Most stocks are UP
@ 12.10 following are RED :
LULU,NTES,SINA,PLCM,LVS,NFLX,AAPL,
BWLD,SOHU,CRM,MA,JDSU,IGTE,EBIX,
FMCN,LDK,JKS....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 28, 2011
Strong close in indices.....NICE !!!!
Indices closed near high of the day. Nasdaq was the strongest with 1.53% gain.
Internals of the market were strong.
S&P 500 has gained 3.07% from recent low, natural resistance MAY come around 50 DMA which is @ 1316.89. Today S&P 500 closed @ 1296.67.RSI is @ 50.85....60 is attainable.
Stocks which closed UP 3% or more included ATML,CNQ,TZOO,
WYNN,LULU,SINA,LVS,FCX,RVBD,MPEL,SOHU,APKT,FNSR,
CRUS,ARUN,IGTE...
AH Futures UP
AH Asian markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals of the market were strong.
S&P 500 has gained 3.07% from recent low, natural resistance MAY come around 50 DMA which is @ 1316.89. Today S&P 500 closed @ 1296.67.RSI is @ 50.85....60 is attainable.
Stocks which closed UP 3% or more included ATML,CNQ,TZOO,
WYNN,LULU,SINA,LVS,FCX,RVBD,MPEL,SOHU,APKT,FNSR,
CRUS,ARUN,IGTE...
AH Futures UP
AH Asian markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices UP .93% to 1.13%...NICE !!!!
Indices are showing a back to back gain, reason.... we were deeply oversold.
Internals are UP 3 to 1
Gold UP $7.00
Oil UP 88 cents
Canadian $ UP 38 tick @ 101.79
VIX Down 4.04% @ 19.73
In my portfolio :
Sold AAPL
Portfolio is ATML,CNQ,SOL,SVM,TZOO
Most stocks are UP
@ 12.27 following are RED :
SOL,JASO,MOS,AMCC,C,BAC,STP,
SPRD ( muddy water short ),LDK,
KGC,AEM,GS....
BLOG does NOT give buy or sell.
Saleem
Internals are UP 3 to 1
Gold UP $7.00
Oil UP 88 cents
Canadian $ UP 38 tick @ 101.79
VIX Down 4.04% @ 19.73
In my portfolio :
Sold AAPL
Portfolio is ATML,CNQ,SOL,SVM,TZOO
Most stocks are UP
@ 12.27 following are RED :
SOL,JASO,MOS,AMCC,C,BAC,STP,
SPRD ( muddy water short ),LDK,
KGC,AEM,GS....
BLOG does NOT give buy or sell.
Saleem
Monday, June 27, 2011
Indices closed UP from .91% to 1.33%.....NICE !!!!
After all the doom & gloom plus dire predictions about economy & markets, we closed UP.
Once we close UP, every pundit on CNBC changes their tune.
Now that everyone is sure, that Oil is going down.....guess what that means...we may have seen the lows already...but once Oil goes UP..Gurus will change their tune as usual.
Today was a very good day for many stocks.
Internals were positive 3 to 1.....
Stocks which went UP 2% or more included WYNN, LULU,PLCM,SINA,
LVS,BIDU,RVBD,FFIV,
VMW,BWLD,CMG,ALTR,IBN,APKT,AMZN,
JDSU,FNSR,SNDK,BAC,CRUS,ARUN,JASO,LDK.....
AH Futures UP
AH Asian markets UP
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Once we close UP, every pundit on CNBC changes their tune.
Now that everyone is sure, that Oil is going down.....guess what that means...we may have seen the lows already...but once Oil goes UP..Gurus will change their tune as usual.
Today was a very good day for many stocks.
Internals were positive 3 to 1.....
Stocks which went UP 2% or more included WYNN, LULU,PLCM,SINA,
LVS,BIDU,RVBD,FFIV,
VMW,BWLD,CMG,ALTR,IBN,APKT,AMZN,
JDSU,FNSR,SNDK,BAC,CRUS,ARUN,JASO,LDK.....
AH Futures UP
AH Asian markets UP
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .82% to 1.19%...NICE !!!!
Indices are UP, as they were deeply oversold.
Internals are positive by 2 to 1
Gold Down $1.40
Oil Down 61 cents
Canadian $ UP 18 tick @ 101.36
VIX Down 2.04% @ 20.67
Portfolio is AAPL,ATML,CNQ,SOL,SVM,TZOO,
Most stocks are UP
@ 12.42 following are RED :
TZOO,CNQ,SOL,SVM,NTES,FCX,SLW,AG,
RIMM,SOHU,MA,M,SU,JASO,STP,EBIX,
NVDA,CTRP,PWRD,CCJ,GG,KGC,SNE,
GS,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Internals are positive by 2 to 1
Gold Down $1.40
Oil Down 61 cents
Canadian $ UP 18 tick @ 101.36
VIX Down 2.04% @ 20.67
Portfolio is AAPL,ATML,CNQ,SOL,SVM,TZOO,
Most stocks are UP
@ 12.42 following are RED :
TZOO,CNQ,SOL,SVM,NTES,FCX,SLW,AG,
RIMM,SOHU,MA,M,SU,JASO,STP,EBIX,
NVDA,CTRP,PWRD,CCJ,GG,KGC,SNE,
GS,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Friday, June 24, 2011
It is a challenging market.....
Since May, this market has lost momentum. Reasons given are many which includes slowdown in US,China,India.Some are saying it is Europe, where many countries are facing financial challenges.
Because of the above many commodities are down, copper & silver are most prominent.
Oil is being pushed down by 28 countries led by US in its draw down from its strategic reserves. 60 million barrels are being slated for this. This has resulted in Oil being @ lower level in a while.
IF we look @ all of the above challenges, market was trying to adjust to many things. So market started its discounting process since May.
Currently, we are trying to form a bottom.All indices are still above 200 DMA...which is quite surprising & resilient based on many challenges.
Message of the market is, that most of the problems are going to be resolved.
Trading range has been established which is between 50 DMA & 200 DMA.
RSI in indices are ranging from 38.97 to 41.95.....Dow being the weakest & Nasdaq being strong.
Many stocks are are also trading @ various RSI levels as listed below :
AAPL 45.36
ATML 42.21
CNQ 37.97
SOL 35.09
SVM 39.83
TZOO 45.09
LULU 66.27
GG 43.02
WYNN 39.87
MPEL 59.27
BIDU 51.59
SINA 42.38
MOS 43.00
JKS 52.74
As this list is highlighting, that different stocks in same industry are acting better already.
This market is attractive for long term accumulation or short term trading. It all depends on your OWN comfort level.
SO, do not be discouraged by down days. There is plenty of good stocks to buy @ lower prices.
Good luck in your OWN picks.
BLOG does NOT give buy or sell.
Saleem
Because of the above many commodities are down, copper & silver are most prominent.
Oil is being pushed down by 28 countries led by US in its draw down from its strategic reserves. 60 million barrels are being slated for this. This has resulted in Oil being @ lower level in a while.
IF we look @ all of the above challenges, market was trying to adjust to many things. So market started its discounting process since May.
Currently, we are trying to form a bottom.All indices are still above 200 DMA...which is quite surprising & resilient based on many challenges.
Message of the market is, that most of the problems are going to be resolved.
Trading range has been established which is between 50 DMA & 200 DMA.
RSI in indices are ranging from 38.97 to 41.95.....Dow being the weakest & Nasdaq being strong.
Many stocks are are also trading @ various RSI levels as listed below :
AAPL 45.36
ATML 42.21
CNQ 37.97
SOL 35.09
SVM 39.83
TZOO 45.09
LULU 66.27
GG 43.02
WYNN 39.87
MPEL 59.27
BIDU 51.59
SINA 42.38
MOS 43.00
JKS 52.74
As this list is highlighting, that different stocks in same industry are acting better already.
This market is attractive for long term accumulation or short term trading. It all depends on your OWN comfort level.
SO, do not be discouraged by down days. There is plenty of good stocks to buy @ lower prices.
Good luck in your OWN picks.
BLOG does NOT give buy or sell.
Saleem
Indices Down .74% to 1.07% on Italian worries.....
Today 12 Italian banks are under microscope with threat of downgrade from Moodys, so we go down in all indices.
Internals are negative by minimum 2 to 1
Gold Down $16.60
Oil Down 45 cents
Canadian $ Down 95 tick @ 101.24
VIX UP 7.52% @ 20.74
In my portfolio :
Sold LULU
Tripled my position in CNQ @ $38.96
Portfolio is AAPL,ATML,CNQ,SOL,SVM,TZOO....
Most stocks are down
@ 1.35 following are UP :
SOL,TZOO,SINA,MPEL,NFLX,CMG,
BWLD,IBN,MA,AMCC,FMCN,CCJ,SNE.....
BLOG does NOT give buy or sell.
Saleem
Internals are negative by minimum 2 to 1
Gold Down $16.60
Oil Down 45 cents
Canadian $ Down 95 tick @ 101.24
VIX UP 7.52% @ 20.74
In my portfolio :
Sold LULU
Tripled my position in CNQ @ $38.96
Portfolio is AAPL,ATML,CNQ,SOL,SVM,TZOO....
Most stocks are down
@ 1.35 following are UP :
SOL,TZOO,SINA,MPEL,NFLX,CMG,
BWLD,IBN,MA,AMCC,FMCN,CCJ,SNE.....
BLOG does NOT give buy or sell.
Saleem
Thursday, June 23, 2011
Indices closed mixed after slumping....NICE !!!
Indices staged a major reversal by close.
Nasdaq ended UP by close.
Internals were mixed.
BUT Doug Kass is predicting disaster for S&P 500, based on another....I SAY SO prediction......
Stocks which were UP 2% or more included
LULU ( new all time high ),
ATML,AAPL,SOL,TZOO,NFLX,
CMG,PLCM,M,JKS,APKT,RVBD,JDSU,
CIEN,ARUN,CRUS,NVDA,SINA,BIDU,NFLX,RIMM...
AH ER ORCL Down 4.40%
AH ER MU Down 12.81%
AH Futures Mixed
AH Asian markets UP
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Nasdaq ended UP by close.
Internals were mixed.
BUT Doug Kass is predicting disaster for S&P 500, based on another....I SAY SO prediction......
Stocks which were UP 2% or more included
LULU ( new all time high ),
ATML,AAPL,SOL,TZOO,NFLX,
CMG,PLCM,M,JKS,APKT,RVBD,JDSU,
CIEN,ARUN,CRUS,NVDA,SINA,BIDU,NFLX,RIMM...
AH ER ORCL Down 4.40%
AH ER MU Down 12.81%
AH Futures Mixed
AH Asian markets UP
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices Down .50% to 1.31% on Oil slump.......
Indices are down as Oil is taking a huge beating as US is releasing oil from its Strategic Reserve. This is a clear sign that US wants Oil to come down FAST as it will speed up economic recovery.
Internals are 4 to 1 on the downside.
Technically, we did not violate anything...today still higher low.Most stocks have "turned UP".....
Oil Down $4.38
Gold Down $33.70
Canadian $ Down 74 tick @ 101.93
VIX UP 11.66% @ 20.68
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
Most stocks are Down
@ 12.49 following are Green :
AAPL,ATML,LULU,SOL,TZOO,SINA,BIDU,
PLCM,CMG,BWLD,NFLX,RVBD,RIMM,
PCLN,APKT....
BLOG does NOT give buy or sell.
Saleem
Internals are 4 to 1 on the downside.
Technically, we did not violate anything...today still higher low.Most stocks have "turned UP".....
Oil Down $4.38
Gold Down $33.70
Canadian $ Down 74 tick @ 101.93
VIX UP 11.66% @ 20.68
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
Most stocks are Down
@ 12.49 following are Green :
AAPL,ATML,LULU,SOL,TZOO,SINA,BIDU,
PLCM,CMG,BWLD,NFLX,RVBD,RIMM,
PCLN,APKT....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 22, 2011
.67% loss in indices after Fed Q & A.....
Fed tried to "over explain" every aspect of their take on economy.
By the time market closed, indices closed near lows of the day.
Fed did not say anything which was not known for a long time. Job growth is far from satisfactory & US economy has slowed down.
All Fed did, was to put numbers to slower GDP growth for this year & next.
Internals of the market were negative.
In my portfolio :
Added 150% ATML @ $13.14
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
AH Futures Down
AH Asian Markets Down
AH Gold, Oil & Silver Down
BLOG does NOT give buy or sell.
Saleem
By the time market closed, indices closed near lows of the day.
Fed did not say anything which was not known for a long time. Job growth is far from satisfactory & US economy has slowed down.
All Fed did, was to put numbers to slower GDP growth for this year & next.
Internals of the market were negative.
In my portfolio :
Added 150% ATML @ $13.14
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
AH Futures Down
AH Asian Markets Down
AH Gold, Oil & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices mixed ahead of Fed chief Q & A.......
Indices are mixed after fed announced that interest rate remains unchanged & economic activity is slower than expected. QE 2 ending in 8 days.
Fed chief will hold Q & A @ 2.15
Fed minutes will be released in full @ 2 PM
Internals are mixed with Nasdaq internals weaker.
Gold UP $8.40..near all time high
Oil UP 74 cents
Canadian $ UP 7 tick @ 102.85
VIX Down 4.88% @ 17.94
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
Most stocks are UP
@ 1.16 following are RED :
SINA,NTES,BIDU,NFLX,AMZN,MOS,GOOG,SOHU,
QCOM,PCLN,APKT,AMCC,JDSU,STP,CRUS,SNDK,
FMCN,PWRD,CCJ,NYX,NDAQ,IBN.....
BLOG does NOT give buy or sell.
Saleem
Fed chief will hold Q & A @ 2.15
Fed minutes will be released in full @ 2 PM
Internals are mixed with Nasdaq internals weaker.
Gold UP $8.40..near all time high
Oil UP 74 cents
Canadian $ UP 7 tick @ 102.85
VIX Down 4.88% @ 17.94
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
Most stocks are UP
@ 1.16 following are RED :
SINA,NTES,BIDU,NFLX,AMZN,MOS,GOOG,SOHU,
QCOM,PCLN,APKT,AMCC,JDSU,STP,CRUS,SNDK,
FMCN,PWRD,CCJ,NYX,NDAQ,IBN.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 21, 2011
Indices closed UP .91% to 2.19%...NICE !!!!
Indices closed UP on better volume.
Internals were strong with minimum 4 to 1 on the upside
All indices are above 200 DMA & their next milestone will be , when they take out 50 DMA.....
First time more new 52 wk highs in both NYSE & Nasdaq
Many stocks regained their technical strength, as they were oversold & most pundits are skeptic of any rally...
Most technical breakout in stocks were on heavy volume, a very good technical indicator.
Stocks which were UP 3% or more included AAPL,
ATML,CNQ,LULU,TZOO,SVM,FCX,LVS,BIDU,SINA,SOHU,
RVBD,MPEL,SLW,AG,RVBD,FFIV,VMW,APKT,CMG,MOS,
PCLN,RIMM,AMZN,NTES,CRM,ARUN,CRUS,C,CIEN,JDSU,
FNSR......
AH Futures Down
AH Asian Markets UP
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals were strong with minimum 4 to 1 on the upside
All indices are above 200 DMA & their next milestone will be , when they take out 50 DMA.....
First time more new 52 wk highs in both NYSE & Nasdaq
Many stocks regained their technical strength, as they were oversold & most pundits are skeptic of any rally...
Most technical breakout in stocks were on heavy volume, a very good technical indicator.
Stocks which were UP 3% or more included AAPL,
ATML,CNQ,LULU,TZOO,SVM,FCX,LVS,BIDU,SINA,SOHU,
RVBD,MPEL,SLW,AG,RVBD,FFIV,VMW,APKT,CMG,MOS,
PCLN,RIMM,AMZN,NTES,CRM,ARUN,CRUS,C,CIEN,JDSU,
FNSR......
AH Futures Down
AH Asian Markets UP
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Nasdaq strongest, UP 1.83%...NICE !!!!!
Indices are all UP from .87% to 1.83%, Nasdaq UP the most.
Internal are strong, leading by minimum 4 to 1...
Gold UP $ 2.30
Oil Down 5 cents
Canadian $ UP 83 tick @ 102.88
VIX down 9.17% @ 18.17
In my portfolio :
Bought SVM @ $8.85
Bought ATML @ $13.13
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
LULU went to new all-time high today @ $103.45
Most stocks are UP
@ 12.33 following are RED :
SOL,ECA, RENN.....
BLOG does NOT give buy or sell.
Saleem
Internal are strong, leading by minimum 4 to 1...
Gold UP $ 2.30
Oil Down 5 cents
Canadian $ UP 83 tick @ 102.88
VIX down 9.17% @ 18.17
In my portfolio :
Bought SVM @ $8.85
Bought ATML @ $13.13
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
LULU went to new all-time high today @ $103.45
Most stocks are UP
@ 12.33 following are RED :
SOL,ECA, RENN.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 20, 2011
Nasdaq closed in green...finally !!!!
Nasdaq finally made it into green along with other indices.
Indices closed UP upto .63%....
Internals were positive
VIX closed Down 8.51% @ 19.99
Stocks which closed UP 2% or more included LULU,SVM,CMG,
SLW,SNDK,ARUN,BWLD,MOS,AGU....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices closed UP upto .63%....
Internals were positive
VIX closed Down 8.51% @ 19.99
Stocks which closed UP 2% or more included LULU,SVM,CMG,
SLW,SNDK,ARUN,BWLD,MOS,AGU....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All Indices HIGHER....NICE !!!!
Indices are ignoring same old, same old Greek issues & moving higher.
Indices are higher by over .50%.
Internals are positive by 50%
Gold Down 60 cents
Oil Down 43 cents
Canadian $ higher by 5 tick @ 102.14
In my portfolio :
Doubled my position in SOL @ $4.55
Portfolio is AAPL,CNQ,LULU,SOL,TZOO....
Most stocks are UP
@ 1.44 following are down :
AAPL,SOL,CNQ,MPEL,LVS,FCX,RIMM,
GOOG,NTES,CRM,IBN,V,SU,JKSAPKT,
S,STP,BAC,NVDA,FMCN,SINA,LDK,
CCJ,KGC,AEN,SNE,GS.....
BLOG does NOT give buy or sell.
Saleem
Indices are higher by over .50%.
Internals are positive by 50%
Gold Down 60 cents
Oil Down 43 cents
Canadian $ higher by 5 tick @ 102.14
In my portfolio :
Doubled my position in SOL @ $4.55
Portfolio is AAPL,CNQ,LULU,SOL,TZOO....
Most stocks are UP
@ 1.44 following are down :
AAPL,SOL,CNQ,MPEL,LVS,FCX,RIMM,
GOOG,NTES,CRM,IBN,V,SU,JKSAPKT,
S,STP,BAC,NVDA,FMCN,SINA,LDK,
CCJ,KGC,AEN,SNE,GS.....
BLOG does NOT give buy or sell.
Saleem
Friday, June 17, 2011
Sign of stability emerging in market ?
Here we are @ the end of another week & quad-witching. The close today was very constructive as S&P 500 & Dow made some progress & closed green.
Nasdaq is still showing sign of weakness & staying below 200 DMA which is @ 2640.88...Nasdaq is only 25 points below 200 DMA...which is one day UP move.....
RSI is trending higher in S&P 500 & Dow, which is a positive sign.
It seems that Dow & S&P 500 MAY provide strength to pull Nasdaq into health.
Nasdaq stocks have taken bigger tumble than Dow & S&P 500 stocks.
Dow is healthiest and has claimed 12004.36 @ close.
S&P 500 is sitting @ 1271.50 which is also above 200 DMA.....
This has been a tough 8 weeks in market, but it has also created good opportunities to position in this weak market.
Some stocks have behaved surprisingly better than others as evidenced by RSI as listed below.
I am putting a small list to look for investing / trading ideas in a diversified manner. You can create another master list & pick from there.Here is name of some stocks with their RSI @ close :
AAPL 33.88
CNQ 34.71
LULU 55.54
SOL 25.31
TZOO 33.98
BIDU 37.78
AMZN 44.38
CMG 40.46
RVBD 34.17
WYNN 32.66
NFLX 41.77
It is hard to believe that RSI has come down so much in many stocks.
It is PRUDENT to buy quality stocks when they are out of favour. Oversold conditions do not last forever.
Exposure CAN be less when one is not sure, but to be completely out of market is not a right approach.
Greece has taken centre stage because of its many ramifications to European banks. This weekend, hopefully there will be an agreement & market MAY show its appreciation.
Summer is not a strong period for markets, but there are serious opportunity in many stocks.
Good luck in your OWN analysis of events & comfort level.
BLOG does NOT give buy or sell.
Saleem
Nasdaq is still showing sign of weakness & staying below 200 DMA which is @ 2640.88...Nasdaq is only 25 points below 200 DMA...which is one day UP move.....
RSI is trending higher in S&P 500 & Dow, which is a positive sign.
It seems that Dow & S&P 500 MAY provide strength to pull Nasdaq into health.
Nasdaq stocks have taken bigger tumble than Dow & S&P 500 stocks.
Dow is healthiest and has claimed 12004.36 @ close.
S&P 500 is sitting @ 1271.50 which is also above 200 DMA.....
This has been a tough 8 weeks in market, but it has also created good opportunities to position in this weak market.
Some stocks have behaved surprisingly better than others as evidenced by RSI as listed below.
I am putting a small list to look for investing / trading ideas in a diversified manner. You can create another master list & pick from there.Here is name of some stocks with their RSI @ close :
AAPL 33.88
CNQ 34.71
LULU 55.54
SOL 25.31
TZOO 33.98
BIDU 37.78
AMZN 44.38
CMG 40.46
RVBD 34.17
WYNN 32.66
NFLX 41.77
It is hard to believe that RSI has come down so much in many stocks.
It is PRUDENT to buy quality stocks when they are out of favour. Oversold conditions do not last forever.
Exposure CAN be less when one is not sure, but to be completely out of market is not a right approach.
Greece has taken centre stage because of its many ramifications to European banks. This weekend, hopefully there will be an agreement & market MAY show its appreciation.
Summer is not a strong period for markets, but there are serious opportunity in many stocks.
Good luck in your OWN analysis of events & comfort level.
BLOG does NOT give buy or sell.
Saleem
Market is mixed on Quad-Witching option expiry.....
As most buyers are sidelined due to weakness in markets, market makers are in total control of the direction of this market.
Weak markets are like this & it MAY not change much till Mid-September.
Indices are trying to stage another technical rebound after being trashed to recent lows. Today's hurdle is Quad- witching option expiry.
BUT if you have CONVICTION in some stocks & strong stomach, then this weakness presents a huge buying opportunity for serious gain.
Gold UP $8.10
Oil Down $2.31
Canadian $ UP 12 tick @ 101.97
VIX Down 2.99% @ 22.05
Portfolio is AAPL,CNQ,LULU,SOL,TZOO
Most stocks are UP
@ 1.12 following are RED :
AAPL,CNQ,SOL,RVBD,NFLX,FFIV,
MOS,CF,RIMM,GOOG,CMG,SOHU,
MA,V,JKS,APKT,AMCC,FNSR,SNDK,
NVDA,LVS,MPEL,CTRP,SINA,PWRD,
CCJ,FWLT....
BLOG does NOT give buy or sell.
Saleem
Weak markets are like this & it MAY not change much till Mid-September.
Indices are trying to stage another technical rebound after being trashed to recent lows. Today's hurdle is Quad- witching option expiry.
BUT if you have CONVICTION in some stocks & strong stomach, then this weakness presents a huge buying opportunity for serious gain.
Gold UP $8.10
Oil Down $2.31
Canadian $ UP 12 tick @ 101.97
VIX Down 2.99% @ 22.05
Portfolio is AAPL,CNQ,LULU,SOL,TZOO
Most stocks are UP
@ 1.12 following are RED :
AAPL,CNQ,SOL,RVBD,NFLX,FFIV,
MOS,CF,RIMM,GOOG,CMG,SOHU,
MA,V,JKS,APKT,AMCC,FNSR,SNDK,
NVDA,LVS,MPEL,CTRP,SINA,PWRD,
CCJ,FWLT....
BLOG does NOT give buy or sell.
Saleem
Nice comeback in market & stocks yesterday.....
Markets technical health improved based on following factors :
Dow & S&P 500 did not breach 200 DMA yesterday.
RSI @ close improved, sitting @ 35.57 & 37.28 in S&P & Dow.
Most stocks came back strong.
Remember, it is how we close which is important.
In pre-market Futures are UP, despite poor TAPE in Asia.
European market showing sign of life, mostly green.
Oil, Gold & Silver have pared their overnight loss.
Looks like markets have discounted Greece related issues.
Portfolio is AAPL,CNQ,LULU,SOL,TZOO...
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 did not breach 200 DMA yesterday.
RSI @ close improved, sitting @ 35.57 & 37.28 in S&P & Dow.
Most stocks came back strong.
Remember, it is how we close which is important.
In pre-market Futures are UP, despite poor TAPE in Asia.
European market showing sign of life, mostly green.
Oil, Gold & Silver have pared their overnight loss.
Looks like markets have discounted Greece related issues.
Portfolio is AAPL,CNQ,LULU,SOL,TZOO...
BLOG does NOT give buy or sell.
Saleem
Thursday, June 16, 2011
NO BLOG posting today....
I have to step out for whole day.
So no Post today.
Back to normal post on Friday.
Good luck today.
Saleem
So no Post today.
Back to normal post on Friday.
Good luck today.
Saleem
Wednesday, June 15, 2011
Nasdaq closed below 200 DMA......
Nasdaq is the only index which closed below 200 DMA. Volume was high.
S&P 500 & Dow still above 200 DMA.....
Internals of the market were as follows :
Down volume led by 12.06 to 1 in NYSE & 10.15 to 1 in Nasdaq
Declining stocks led by 5.31 to 1 in NYSE & 3.73 to 1 in Nasdaq
New 52 wk low led by 72 to 17 in NYSE & 106 to 10 in Nasdaq
VIX UP 16.76% closing @ 21.32
NOW..all of the above stat is bad enough to depress most investors & traders...BUT we should be looking @ good growth story stocks, which is getting cheaper by any standard.
SO..the only FOCUS, i can create is to keep accumulating quality stocks which is being dumped with bad ones.....this is what i am trying to do..gradually adding to my portfolio.
By the way...internals of the market were extremely negative, which MAY be a sign that end is @ hand.
RSI in all indices are @ strong buy area of 33 to 34....
AH Futures UP
AH Asian Markets Down
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Dow still above 200 DMA.....
Internals of the market were as follows :
Down volume led by 12.06 to 1 in NYSE & 10.15 to 1 in Nasdaq
Declining stocks led by 5.31 to 1 in NYSE & 3.73 to 1 in Nasdaq
New 52 wk low led by 72 to 17 in NYSE & 106 to 10 in Nasdaq
VIX UP 16.76% closing @ 21.32
NOW..all of the above stat is bad enough to depress most investors & traders...BUT we should be looking @ good growth story stocks, which is getting cheaper by any standard.
SO..the only FOCUS, i can create is to keep accumulating quality stocks which is being dumped with bad ones.....this is what i am trying to do..gradually adding to my portfolio.
By the way...internals of the market were extremely negative, which MAY be a sign that end is @ hand.
RSI in all indices are @ strong buy area of 33 to 34....
AH Futures UP
AH Asian Markets Down
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices Down again making lower lows.......
Indices are taking on the chin again, after a much needed technical bounce.
As we are taking out lows again........there is a very good chance that today's low MAY hold.
S&P 500 went to 1263.54 as low so far....
RSI is @ 34.56..higher than previous day's low....performing relatively better than two day's ago ?
Internals are negative by almost 4 to 1
Gold UP 20 cents
Oil Down $3.46
Canadian $ Down 1.32 cent @ 101.90
VIX UP 13.47% @ 20.72....fear is pretty high today, after anaemic move UP yesterday.
How to invest or trade.... Focus on stocks which are UP or which are down less than others.....that is a sign of "relative strength".....it is the stock selection which CAN make you money not direction of market on a daily basis.
I expect market to remain challenging till Sep..UP, DOWN, UP, DOWN......
In my portfolio :
Bought SOL @ $5.55
Portfolio is AAPL,CNQ,LULU,SOL,TZOO
@ 1.22 following are Green :
TZOO, LULU,NTES,CMG,BWLD,STP,
LDK,GG,AEM.....
BLOG does NOT give buy or sell.
Saleem
As we are taking out lows again........there is a very good chance that today's low MAY hold.
S&P 500 went to 1263.54 as low so far....
RSI is @ 34.56..higher than previous day's low....performing relatively better than two day's ago ?
Internals are negative by almost 4 to 1
Gold UP 20 cents
Oil Down $3.46
Canadian $ Down 1.32 cent @ 101.90
VIX UP 13.47% @ 20.72....fear is pretty high today, after anaemic move UP yesterday.
How to invest or trade.... Focus on stocks which are UP or which are down less than others.....that is a sign of "relative strength".....it is the stock selection which CAN make you money not direction of market on a daily basis.
I expect market to remain challenging till Sep..UP, DOWN, UP, DOWN......
In my portfolio :
Bought SOL @ $5.55
Portfolio is AAPL,CNQ,LULU,SOL,TZOO
@ 1.22 following are Green :
TZOO, LULU,NTES,CMG,BWLD,STP,
LDK,GG,AEM.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 14, 2011
Indices closed UP 1.03% to 1.48% on technical bounce.....
Indices staged a technical rebound after being deeply oversold.
Internals were strong.
Stocks which were UP 2% or higher included CNQ,LULU,TZOO,
BIDU,NFLX,WYNN,SLW,FCX,AG,MOS,CF,JKS,FNSR,JASO,
STP,SOL,HSOL,CSIQ,CRUS,ARUN.....
AH Futures Down
AH Asian Markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals were strong.
Stocks which were UP 2% or higher included CNQ,LULU,TZOO,
BIDU,NFLX,WYNN,SLW,FCX,AG,MOS,CF,JKS,FNSR,JASO,
STP,SOL,HSOL,CSIQ,CRUS,ARUN.....
AH Futures Down
AH Asian Markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.21% to 1.53% on technical buying.....NICE !!!!
Indices are showing sign of life after being trashed since start of May.
Internals are positive by minimum 4 to 1....
Gold UP $2.50
Oil UP $1.47
Canadian $ UP 76 tick @ 103.24
VIX down 8.57% @ 17.93
In my portfolio :
Bought CNQ @ $40.46
Portfolio is AAPL,CNQ,LULU,TZOO
Most stocks are UP
@ 1.14 following are RED :
PCLN,C,BAC,RIMM,CCJ...
BLOG does NOT give buy or sell.
Saleem
Internals are positive by minimum 4 to 1....
Gold UP $2.50
Oil UP $1.47
Canadian $ UP 76 tick @ 103.24
VIX down 8.57% @ 17.93
In my portfolio :
Bought CNQ @ $40.46
Portfolio is AAPL,CNQ,LULU,TZOO
Most stocks are UP
@ 1.14 following are RED :
PCLN,C,BAC,RIMM,CCJ...
BLOG does NOT give buy or sell.
Saleem
Monday, June 13, 2011
Constructive close today....
Indices closed mixed today, almost near flatline.
S&P 500 low today was 1265.64, but closed @ 1271.83.....same as open....good technical picture.
RSI in S&P 500 @ close is 32.56...staying near lower level.
Volume was lower in all indices.
Internals were weak as listed below :
Down volume led by 457 to 435 in NYSE & 306 to 196 in Nasdaq
Declining stocks led by 1674 to 1357 in NYSE & 1647 to 970 in Nasdaq
New 52 wk lows were leading by 79 to 16 in NYSE & 128 to 32 in Nasdaq
All of the above stat is pointing that selling pressure is waning.
Individual investors are decidedly bearish with only 24% bull vs 48% bears in latest survey..this is the most bearish reading in almost a year......
SO...most investor / trader who wanted to sell have sold already ?
Stocks which closed green included AAPL,MPEL,BWLD,VFC,
IBN,MA,V,JKS,YGE,CSIQ,C,BAC.....
AH Futures Mixed
AH Asian markets Down
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was 1265.64, but closed @ 1271.83.....same as open....good technical picture.
RSI in S&P 500 @ close is 32.56...staying near lower level.
Volume was lower in all indices.
Internals were weak as listed below :
Down volume led by 457 to 435 in NYSE & 306 to 196 in Nasdaq
Declining stocks led by 1674 to 1357 in NYSE & 1647 to 970 in Nasdaq
New 52 wk lows were leading by 79 to 16 in NYSE & 128 to 32 in Nasdaq
All of the above stat is pointing that selling pressure is waning.
Individual investors are decidedly bearish with only 24% bull vs 48% bears in latest survey..this is the most bearish reading in almost a year......
SO...most investor / trader who wanted to sell have sold already ?
Stocks which closed green included AAPL,MPEL,BWLD,VFC,
IBN,MA,V,JKS,YGE,CSIQ,C,BAC.....
AH Futures Mixed
AH Asian markets Down
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
All Indices Down......
Indices are showing weakness again. Internals are negative by 50%.
Close today may give a picture of markets health.
Gold Down $5.60
Oil Down $2.63
Canadian $ Down 7 tick @ 102.15
VIX UP 5.99% @ 19.99 @ high of the day, looks bearish.
Portfolio is AAPL,LULU,TZOO.....
Most stocks are down
@ 1.13 following are green :
MPEL,BWLD,VFC,JKS,C,JASO,STP,
BAC,IGTE,CTRP,LDK,MFC,NYX,
SNE,GS,VAR....
BLOG does NOT give buy or sell.
Saleem
Close today may give a picture of markets health.
Gold Down $5.60
Oil Down $2.63
Canadian $ Down 7 tick @ 102.15
VIX UP 5.99% @ 19.99 @ high of the day, looks bearish.
Portfolio is AAPL,LULU,TZOO.....
Most stocks are down
@ 1.13 following are green :
MPEL,BWLD,VFC,JKS,C,JASO,STP,
BAC,IGTE,CTRP,LDK,MFC,NYX,
SNE,GS,VAR....
BLOG does NOT give buy or sell.
Saleem
Saturday, June 11, 2011
Afraid of this market ?
Every commentator in CNBC is afraid of this market ?
They are afraid of this market because, S&P 500 has corrected 5.7% from May 1st ?
They all have forgotten that markets do correct in a bull run......normal corrections are in 5% category, but sometimes we correct as much as 10%......
As selling hysteria has hit wall street, i personally believe that there are tremendous opportunity to make money.
As usual traders & investors take cue from Cramer / Fast Money gang, who are NOT known for making money in a disciplined manner.They usual change their mind & trading ideas every 5 mts.
TAPE is pointing to an orderly selling, which MAY have run its course.
RSI in S&P 500 is @ 32.09.....near recent correction low.
Volume in this panic selling is of average level, which is telling me that this selling is tired.
Internals of this market on Friday was NOT extreme, the worst indicator was down volume in Nasdaq led by 7.19 to 1..while declining stocks led by 3.37 to 1 in Nasdaq......these numbers are telling me that selling is met by willing buyers who see value.
Money is made when you have conviction in your OWN due diligence & jump quickly when you see good buying opportunities.
VIX was UP 6.13% @ 18.86, this indicator is also pointing out that they are locking profit in this. VIX should have taken its recent high of 20+, but it did NOT.....
I expect Monday to bring serious buying in quality names.
Here is a list of attractive stocks with low RSI in almost a year :
AAPL 35.10
LULU 48.05
TZOO 31.80
BIDU 36.38
SINA 30.28
AMZN 41.94
POT 52.06
CF 59.10
GOOG 32.99
CMG 41.85
NFLX 54.66
RVBD 38.97
WYNN 31.76
CNQ 37.85
It is highly recommended that you create a well diversified portfolio from this list. This may be the-best idea you heard this week.
Do not worry too much IF you are buying @ the lowest possible level, most cannot.Idea is to load up when almost everyone is panicking.
I can assure you that, there is enough panic in the air.
PS....Had to meet some friends on Friday on a sudden notice. Came back very late, thus no chance to update BLOG...this is a rare occurrence in my life. Before i left, i bought AAPL @ $329.35.
Portfolio is AAPL,LULU & TZOO.
BLOG does NOT give buy or sell.
Saleem
They are afraid of this market because, S&P 500 has corrected 5.7% from May 1st ?
They all have forgotten that markets do correct in a bull run......normal corrections are in 5% category, but sometimes we correct as much as 10%......
As selling hysteria has hit wall street, i personally believe that there are tremendous opportunity to make money.
As usual traders & investors take cue from Cramer / Fast Money gang, who are NOT known for making money in a disciplined manner.They usual change their mind & trading ideas every 5 mts.
TAPE is pointing to an orderly selling, which MAY have run its course.
RSI in S&P 500 is @ 32.09.....near recent correction low.
Volume in this panic selling is of average level, which is telling me that this selling is tired.
Internals of this market on Friday was NOT extreme, the worst indicator was down volume in Nasdaq led by 7.19 to 1..while declining stocks led by 3.37 to 1 in Nasdaq......these numbers are telling me that selling is met by willing buyers who see value.
Money is made when you have conviction in your OWN due diligence & jump quickly when you see good buying opportunities.
VIX was UP 6.13% @ 18.86, this indicator is also pointing out that they are locking profit in this. VIX should have taken its recent high of 20+, but it did NOT.....
I expect Monday to bring serious buying in quality names.
Here is a list of attractive stocks with low RSI in almost a year :
AAPL 35.10
LULU 48.05
TZOO 31.80
BIDU 36.38
SINA 30.28
AMZN 41.94
POT 52.06
CF 59.10
GOOG 32.99
CMG 41.85
NFLX 54.66
RVBD 38.97
WYNN 31.76
CNQ 37.85
It is highly recommended that you create a well diversified portfolio from this list. This may be the-best idea you heard this week.
Do not worry too much IF you are buying @ the lowest possible level, most cannot.Idea is to load up when almost everyone is panicking.
I can assure you that, there is enough panic in the air.
PS....Had to meet some friends on Friday on a sudden notice. Came back very late, thus no chance to update BLOG...this is a rare occurrence in my life. Before i left, i bought AAPL @ $329.35.
Portfolio is AAPL,LULU & TZOO.
BLOG does NOT give buy or sell.
Saleem
Friday, June 10, 2011
LULU beats by 8 cents & Guides UP.....NICE !!!!
LULU reporting a beat on Sales & EPS, also guiding higher as follows :
Sales actual $186.8 million vs expectations of $181.27 million, beat by $5.53 million
EPS actual 46 cents vs expectations of 38 cents, beat by 8 cents
Guiding higher Q2 Sales $210 to $216 million vs expectations of $197.35
Guiding higher Q2 EPS of 42 to 44 cents vs expectations of 40 cents
LULU in pre-market bid $89.61 ask $90.89, stock closed @ $86.14....
A great report by LULU to deal with stupid comments by Cramer & analysts..who eat crow as usual.
BLOG does NOT give buy or sell.
Saleem
Sales actual $186.8 million vs expectations of $181.27 million, beat by $5.53 million
EPS actual 46 cents vs expectations of 38 cents, beat by 8 cents
Guiding higher Q2 Sales $210 to $216 million vs expectations of $197.35
Guiding higher Q2 EPS of 42 to 44 cents vs expectations of 40 cents
LULU in pre-market bid $89.61 ask $90.89, stock closed @ $86.14....
A great report by LULU to deal with stupid comments by Cramer & analysts..who eat crow as usual.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 9, 2011
Weak technical rebound of .35% to .74% in indices....
Indices staged a weak technical rebound of less than .75% .....
Close was not @ or near best level of the day.
Internals were positive, but new 52 wk lows were in the lead in
NYSE & NASDAQ......
This IS a market where you have to accept what is given to you, & adjust your trading / investing accordingly.
A follow through would be nice, BUT Friday is Weekly Option expiry,which may "interfere" with technical definition of a rally or bottom.
Hopefully, Monday MAY be a better gauge of technical health of this market.
Stocks which were UP 2% or more included LULU,AG,VMW,SOHU,SLW,
MOS,JKS,APKT,C,EBIX,CF,
RIMM,LDK......
AH Futures Down
AH Asian Markets UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Close was not @ or near best level of the day.
Internals were positive, but new 52 wk lows were in the lead in
NYSE & NASDAQ......
This IS a market where you have to accept what is given to you, & adjust your trading / investing accordingly.
A follow through would be nice, BUT Friday is Weekly Option expiry,which may "interfere" with technical definition of a rally or bottom.
Hopefully, Monday MAY be a better gauge of technical health of this market.
Stocks which were UP 2% or more included LULU,AG,VMW,SOHU,SLW,
MOS,JKS,APKT,C,EBIX,CF,
RIMM,LDK......
AH Futures Down
AH Asian Markets UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices UP from .61% to 1.01%.....NICE !!!!
Indices are finally showing some green.
Internals are positive.
Gold UP $7.80
Oil UP $1.13
Canadian $ UP 57 tick @ 102.65
VIX Down 7.13% @ 17.45
In my portfolio :
Sold AMZN
Portfolio is LULU,TZOO
LULU reports before open, expecting a beat & raised guidance.
Most stocks are UP
@ 1.15 following are RED :
TZOO,NTES,NFLX,MPEL,QCOM,GOOG,
V,LVS,JKS,TSL,CIEN,FNSR,JASO,STP,
ARUN,NVDA,FFIV,SINA,BIDU....
BLOG does NOT give buy or sell.
Saleem
Internals are positive.
Gold UP $7.80
Oil UP $1.13
Canadian $ UP 57 tick @ 102.65
VIX Down 7.13% @ 17.45
In my portfolio :
Sold AMZN
Portfolio is LULU,TZOO
LULU reports before open, expecting a beat & raised guidance.
Most stocks are UP
@ 1.15 following are RED :
TZOO,NTES,NFLX,MPEL,QCOM,GOOG,
V,LVS,JKS,TSL,CIEN,FNSR,JASO,STP,
ARUN,NVDA,FFIV,SINA,BIDU....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 8, 2011
Indices closed down again......
Indices continued their negative close driven by weakness in economy.
Indices were down from .18% to .97%, Nasdaq being weakest.
Internals were weak by 2.5 to 1
S&P 500 low today was 1277.42 which brings this index down 5.04% from May high.
RSI closed @ 31.92..lower than previous low......
Many traders & investors are fixated on the direction of indices, a better focus should be on stocks which are looking attractive for accumulation.
VIX closed @ 18.79 which was UP 3.98%......based on relentless selling, this should have been UP much more.....this is telling me that HF are done selling....
AH TXN warned based on NOK, stock UP AH .83% ?
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices were down from .18% to .97%, Nasdaq being weakest.
Internals were weak by 2.5 to 1
S&P 500 low today was 1277.42 which brings this index down 5.04% from May high.
RSI closed @ 31.92..lower than previous low......
Many traders & investors are fixated on the direction of indices, a better focus should be on stocks which are looking attractive for accumulation.
VIX closed @ 18.79 which was UP 3.98%......based on relentless selling, this should have been UP much more.....this is telling me that HF are done selling....
AH TXN warned based on NOK, stock UP AH .83% ?
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices Down from .16% to .93%......
Indices are down, Nasdaq down .93%. S&P 500 Down 4 points.......
S&P 500 low so far today is 1280.06
RSI in S&P 500 is currently @ 33.07
Internals are negative...
Gold Down $6.30
Oil UP $2.60
Canadian $ Down 36 tick @ 102.25
VIX Down 1.11% @ 17.87....?
In my portfolio :
SOLD CCJ
Portfolio is AMZN,LULU,TZOO....
Most stocks are Down
@ 1.38 following are green :
LULU,TZOO,AAPL,CNQ,WYNN,MPEL, CF,
SU,EBIX,SNE,VAR,FWLT.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 low so far today is 1280.06
RSI in S&P 500 is currently @ 33.07
Internals are negative...
Gold Down $6.30
Oil UP $2.60
Canadian $ Down 36 tick @ 102.25
VIX Down 1.11% @ 17.87....?
In my portfolio :
SOLD CCJ
Portfolio is AMZN,LULU,TZOO....
Most stocks are Down
@ 1.38 following are green :
LULU,TZOO,AAPL,CNQ,WYNN,MPEL, CF,
SU,EBIX,SNE,VAR,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 7, 2011
Slightly negative close......
Indices closed negative after Ben Bernanke spoke.
Internals were positive.
S&P 500 made a "higher low" today, even if it was by 2 tick only......technicians love to go with technical picture which MAY have improved ?
RSI in S&P 500 closed @ 33.43......looks like this COULD be the low DESPITE Cramer shouting market is terrible 10 way's......
Another hopeful sign....VIX actually closed lower by 2.27% @ 18.07 while markets was heading into negative from positive ?
Stocks which were UP 1% or more included AMZN,NTES,MPEL,
RVBD,FFIV,VMW,LDK,ALTR,IBN,MA,V,JKS,JDSU,SOL,ARUN....
AH Futures UP
AH Asian markets Mixed
AH Oil UP
AH Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were positive.
S&P 500 made a "higher low" today, even if it was by 2 tick only......technicians love to go with technical picture which MAY have improved ?
RSI in S&P 500 closed @ 33.43......looks like this COULD be the low DESPITE Cramer shouting market is terrible 10 way's......
Another hopeful sign....VIX actually closed lower by 2.27% @ 18.07 while markets was heading into negative from positive ?
Stocks which were UP 1% or more included AMZN,NTES,MPEL,
RVBD,FFIV,VMW,LDK,ALTR,IBN,MA,V,JKS,JDSU,SOL,ARUN....
AH Futures UP
AH Asian markets Mixed
AH Oil UP
AH Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .53% to .66%..ahead of Fed speak.......NICE !!!!
Indices are all UP, thanks to "thick pessimism" created by CNBC.
Ben Bernanke will speak @ 3.45 PM...text maybe released before that. Ben Bernanke is expected to tone down "negativity" by CNBC gurus.
Internals are positive by 2 to 1
More new 52 wk highs in NYSE
Gold Down $7
Oil Down 64 cents
Canadian $ UP 61 tick @ 102.61
VIX Down 4.6% @ 17.64
In my portfolio :
Bought AMZN @ $185.95
Portfolio is AMZN,CCJ,LULU,TZOO
Most stocks are UP
@ 1.15 following are RED :
TZOO,AAPL,WYNN,BWLD,RIMM,
APKT,SOHU,CRM,C,SLW,BIDU,
FMCN,SINA,PWRD,AG,KGC,GS,
SNE.....
BLOG does NOT give buy or sell.
Saleem
Ben Bernanke will speak @ 3.45 PM...text maybe released before that. Ben Bernanke is expected to tone down "negativity" by CNBC gurus.
Internals are positive by 2 to 1
More new 52 wk highs in NYSE
Gold Down $7
Oil Down 64 cents
Canadian $ UP 61 tick @ 102.61
VIX Down 4.6% @ 17.64
In my portfolio :
Bought AMZN @ $185.95
Portfolio is AMZN,CCJ,LULU,TZOO
Most stocks are UP
@ 1.15 following are RED :
TZOO,AAPL,WYNN,BWLD,RIMM,
APKT,SOHU,CRM,C,SLW,BIDU,
FMCN,SINA,PWRD,AG,KGC,GS,
SNE.....
BLOG does NOT give buy or sell.
Saleem
Monday, June 6, 2011
Indices closed Down .50% to 1.11%......
Indices closed down again.
Indices closed near lows of the day again.
S&P 500 went to 1284.72 which breached recent lows of 1294.70....
RSI closed @ 33.77.....near recent lows of 30+
As everyone in CNBC is bearish from Fast Money to Mad Money...a turn is imminent.
"Turnaround Tuesday" MAY happen AGAIN.......
Internals were negative & new 52 wk lows are in the lead in both NYSE & Nasdaq......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil, Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices closed near lows of the day again.
S&P 500 went to 1284.72 which breached recent lows of 1294.70....
RSI closed @ 33.77.....near recent lows of 30+
As everyone in CNBC is bearish from Fast Money to Mad Money...a turn is imminent.
"Turnaround Tuesday" MAY happen AGAIN.......
Internals were negative & new 52 wk lows are in the lead in both NYSE & Nasdaq......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil, Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices down .16% to .41%.......
Indices are down again, but off their lows.
S&P 500 went to 1291.23 as low of the day so far....
RSI currently is 36.10...recent low was 32 area....
Internals are negative....
Gold UP $8.60
Oil Down 85 cents
Canadian $ Down 10 tick @ 102.13
VIX Down .72% @ 17.82...giving lot of hope for a turnaround ?
Portfolio is CCJ,LULU,TZOO....
Most stocks are down
@ 1.02 following are UP :
WYNN,FCX,AAPL,GOOG,RIMM,PLCM,
ALTR,IBN,EBIX,SINA,ABX,GG....
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1291.23 as low of the day so far....
RSI currently is 36.10...recent low was 32 area....
Internals are negative....
Gold UP $8.60
Oil Down 85 cents
Canadian $ Down 10 tick @ 102.13
VIX Down .72% @ 17.82...giving lot of hope for a turnaround ?
Portfolio is CCJ,LULU,TZOO....
Most stocks are down
@ 1.02 following are UP :
WYNN,FCX,AAPL,GOOG,RIMM,PLCM,
ALTR,IBN,EBIX,SINA,ABX,GG....
BLOG does NOT give buy or sell.
Saleem
Friday, June 3, 2011
Was MAY'S Job report that surprising ?
Market went in a freefall after looking @ May's job growth of 54,000.
There was clear signal that economy has retreated in MAY.....
Economists work their model based on last month reports, April was a robust month for economy. It is ironic that not a single economist comes close to most reports, either they are too bullish or they are too bearish.
The real consensus was job growth of 165,000, actual was 54,000....so highly paid economists missed the actual by 111,000.....so they collectively scored 32.73%...it is lower than F grade....
Back to reality, there was consistent reports of economy slowing down worldwide. Chinese started this slowdown by clamping down on "runaway growth in GDP......."
There is serious inflation concern in India & China who are trying very hard to control inflation by raising interest rates month after month......
US data in manufacturing has been faltering lately......which meant loss of jobs.....
SO..here we are in June of 2011 with so so job growth, which may be norm for next 3 months. June, July & Aug may show anaemic job growth based on seasonality.
Markets are being beaten down for 5 weeks of downtrend.
As we closed near lows of the day, we may see selling @ open on Monday.
S&P 500 has retreated 3.52% from recent highs.
RSI @ close is 37.80
When RSI is this low, we are generally few RSI points from bottom.
Markets continues to be in a narrow trading range. It is important to trade frequently & NOT miss any gains or else it may disappear in a hurry.
I expect market to trade between 1290 to 1340 in a repetitive mode...
This market MAY be the best trading market in a while.
Do NOT get discouraged based on today's TAPE which was event driven.
I expect market to find its footing on Monday.
Good luck with your OWN analysis of market & trading decision.
BLOG does NOT give buy or sell.
Saleem
There was clear signal that economy has retreated in MAY.....
Economists work their model based on last month reports, April was a robust month for economy. It is ironic that not a single economist comes close to most reports, either they are too bullish or they are too bearish.
The real consensus was job growth of 165,000, actual was 54,000....so highly paid economists missed the actual by 111,000.....so they collectively scored 32.73%...it is lower than F grade....
Back to reality, there was consistent reports of economy slowing down worldwide. Chinese started this slowdown by clamping down on "runaway growth in GDP......."
There is serious inflation concern in India & China who are trying very hard to control inflation by raising interest rates month after month......
US data in manufacturing has been faltering lately......which meant loss of jobs.....
SO..here we are in June of 2011 with so so job growth, which may be norm for next 3 months. June, July & Aug may show anaemic job growth based on seasonality.
Markets are being beaten down for 5 weeks of downtrend.
As we closed near lows of the day, we may see selling @ open on Monday.
S&P 500 has retreated 3.52% from recent highs.
RSI @ close is 37.80
When RSI is this low, we are generally few RSI points from bottom.
Markets continues to be in a narrow trading range. It is important to trade frequently & NOT miss any gains or else it may disappear in a hurry.
I expect market to trade between 1290 to 1340 in a repetitive mode...
This market MAY be the best trading market in a while.
Do NOT get discouraged based on today's TAPE which was event driven.
I expect market to find its footing on Monday.
Good luck with your OWN analysis of market & trading decision.
BLOG does NOT give buy or sell.
Saleem
Indices Down from .44% to .78% on poor jobs data......
Indices are trying to fight negativity due to poor jobs data.
S&P 500 went to 1297.90 which is higher than March & April lows......RSI @ 40.13
Internals are 2 to 1 on the downside which shows lot of buying going on.....
New 52 wk lows are in the lead in both NYSE & Nasdaq.
Gold UP $9.80
Oil Down 43 cents
Canadian $ Down 9 tick @ 102.40
Most stocks are down....
@ 1.53 following are green :
LULU,NFLX,CMG,APKT,CF,SU,SLW,
PLCM,MOS,BAC,ARUN,FMCN,GG,
KGC,AEM,LVS,GS,FCX
VIX Down 4.31% @ 17.31..high today was 19.87..near lows of the day....bodes well for long the stock market.....
In my portfolio :
Doubled my position in LULU @ $85.75
Portfolio is CCJ,LULU,TZOO.......
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1297.90 which is higher than March & April lows......RSI @ 40.13
Internals are 2 to 1 on the downside which shows lot of buying going on.....
New 52 wk lows are in the lead in both NYSE & Nasdaq.
Gold UP $9.80
Oil Down 43 cents
Canadian $ Down 9 tick @ 102.40
Most stocks are down....
@ 1.53 following are green :
LULU,NFLX,CMG,APKT,CF,SU,SLW,
PLCM,MOS,BAC,ARUN,FMCN,GG,
KGC,AEM,LVS,GS,FCX
VIX Down 4.31% @ 17.31..high today was 19.87..near lows of the day....bodes well for long the stock market.....
In my portfolio :
Doubled my position in LULU @ $85.75
Portfolio is CCJ,LULU,TZOO.......
BLOG does NOT give buy or sell.
Saleem
Thursday, June 2, 2011
Mixed close in Indices ahead of Jobs report......
Indices closed mixed.
Internals were negative.
It is all about Jobs report, expectations are for 150K job growth & unemployment rate @ 8.9%. We have rarely met expectations. As markets were under selling pressure since May, there is a good chance that negativism on a miss may not last long.
We are near lower end of the trading range, so a chance of rally is much higher.
Stocks which were UP 2% or more included CCJ,PLCM,
RENN,SINA,BIDU,SOHU,ARUN.....
AH Futures Down
AH Asian Markets Mixed
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were negative.
It is all about Jobs report, expectations are for 150K job growth & unemployment rate @ 8.9%. We have rarely met expectations. As markets were under selling pressure since May, there is a good chance that negativism on a miss may not last long.
We are near lower end of the trading range, so a chance of rally is much higher.
Stocks which were UP 2% or more included CCJ,PLCM,
RENN,SINA,BIDU,SOHU,ARUN.....
AH Futures Down
AH Asian Markets Mixed
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices Mixed.....
Indices are mixed today after fighting ongoing negativity.
Internals are mostly positive....
Gold Down $13.40
Oil Down 42 cents
Canadian $ UP 10 tick @ 102.40
VIX Down 1.75% @ 17.98
Portfolio is CCJ,LULU,TZOO
Most stocks are UP
@ 1.28 following are RED :
LULU,TZOO,SLW,DRI,MPEL,M,JKS,
JASO,SOL,EBIX,NVDA,ABX,GG,
AEM,GS,VAR....
BLOG does NOT give buy or sell.
Saleem
Internals are mostly positive....
Gold Down $13.40
Oil Down 42 cents
Canadian $ UP 10 tick @ 102.40
VIX Down 1.75% @ 17.98
Portfolio is CCJ,LULU,TZOO
Most stocks are UP
@ 1.28 following are RED :
LULU,TZOO,SLW,DRI,MPEL,M,JKS,
JASO,SOL,EBIX,NVDA,ABX,GG,
AEM,GS,VAR....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 1, 2011
Indices took a beating, Down 2.22% to 2.33%.....
Indices closed @ low of the day on heavy volume.
Market internals were as follows :
Down volume led by 20 to 1 in NYSE & 12.25 to 1 in Nasdaq
Declining stocks led by 4.44 to 1 in NYSE & 5.25 to 1 in Nasdaq
More new 52 wk lows in Nasdaq
Down volume numbers are a sure sign of "major capitulation"
RSI in indices are as follows :
Dow 40.72
S&P 500 42.63
Nasdaq 45.02
Dow is below recent low as of 5 trading days ago, while S&P 500 is above & Nasdaq well above.....
Today's TAPE is NOT unexpected, as this is a normal market...UP DOWN UP DOWN.......
We ARE rangebound & MAY stay until Q 4 guidance is out.......
Many traders are extremely NERVOUS about this TAPE since May 1st......BUT we have not gone far from May highs......
You have to decide IF you want to stay in this kind of market..which is a "normal market"
You can look @ stocks you know well & stay in it......& IGNORE all the NOISE....
Today's selling was "computer driven" by Hedge Funds & retail followed.....
You must look @ this market either to trade or stay put in good stocks or a mix of both.
AH Futures Mixed
AH Asian Markets Down
AH Oil, Silver Down
Gold UP
BLOG does NOT give buy or sell.
Saleem
Market internals were as follows :
Down volume led by 20 to 1 in NYSE & 12.25 to 1 in Nasdaq
Declining stocks led by 4.44 to 1 in NYSE & 5.25 to 1 in Nasdaq
More new 52 wk lows in Nasdaq
Down volume numbers are a sure sign of "major capitulation"
RSI in indices are as follows :
Dow 40.72
S&P 500 42.63
Nasdaq 45.02
Dow is below recent low as of 5 trading days ago, while S&P 500 is above & Nasdaq well above.....
Today's TAPE is NOT unexpected, as this is a normal market...UP DOWN UP DOWN.......
We ARE rangebound & MAY stay until Q 4 guidance is out.......
Many traders are extremely NERVOUS about this TAPE since May 1st......BUT we have not gone far from May highs......
You have to decide IF you want to stay in this kind of market..which is a "normal market"
You can look @ stocks you know well & stay in it......& IGNORE all the NOISE....
Today's selling was "computer driven" by Hedge Funds & retail followed.....
You must look @ this market either to trade or stay put in good stocks or a mix of both.
AH Futures Mixed
AH Asian Markets Down
AH Oil, Silver Down
Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices Down 1.60% to 1.74%......
Indices are reacting to negative economic data worldwide. Summer, generally is slow for Europe.
US job picture is improving, but not @ vigorous pace yet.
Gold UP $8.40
Oil Down $2.50
Canadian $ Down 63 tick @ 102.63
VIX UP 11.59% @ 17.24
I am expecting markets to reduce losses by close.....
Portfolio is CCJ,LULU,TZOO
Most stocks are down
Internals are weak by minimum 3 to 1.....
@ 2.10 following are UP :
CCJ,MPEL,VMW,WYNN,NTES,AAPL,
PLCM,SOHU,LVS,NVLS,SINA......
BLOG does NOT give buy or sell.
PS..post was late, as i had to step out.
Saleem
US job picture is improving, but not @ vigorous pace yet.
Gold UP $8.40
Oil Down $2.50
Canadian $ Down 63 tick @ 102.63
VIX UP 11.59% @ 17.24
I am expecting markets to reduce losses by close.....
Portfolio is CCJ,LULU,TZOO
Most stocks are down
Internals are weak by minimum 3 to 1.....
@ 2.10 following are UP :
CCJ,MPEL,VMW,WYNN,NTES,AAPL,
PLCM,SOHU,LVS,NVLS,SINA......
BLOG does NOT give buy or sell.
PS..post was late, as i had to step out.
Saleem
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