After bickering for months, Democrats & Republicans are doing the right thing.
Deal is ready for voting.
Futures are flying in anticipation as follows :
Dow UP +166
S&P 500 UP +18
Nasdaq UP +29
Gold Down $16.60
Oil UP $1.44
Canadian $ UP 51 tick @ 105.16
RSI in Indices are as follows :
S&P 500 40.93
Dow 38.97
Nasdaq 45.70
Asian Market UP...Nikkei UP 1.8%
As markets are deeply oversold, there is a good chance that
rally may last until close on Monday.
One needs to realise that any final deal will have ramification for
this slowing economy.Cutbacks are never helpful when economic
picture is not bright.
Also there is a chance of US downgrade to AA.
Plus the most important news of the week, Jobs report
on Friday may be weak.
I may be booking profit in this rally on Monday, as Tuesday
may bring critical analysis of this deal.
My suggestion is, not to get carried away with this deal.
Summer is not the best time for market.
Earnings impact may be @ tail end.
BLOG does NOT give buy or sell.
Saleem
Sunday, July 31, 2011
Friday, July 29, 2011
Market waiting for "resolution of debt fiasco"........
So here we are @ 2.45 PM & no resolution of debt mess.....
I do not see anything being resolved until Sunday around 4 PM,
when Asian markets will open.
Republican grand scheme will be rejected by Democrats, then
they will go for real compromise. In the meantime it is all "showtime",No substance all words....
Oil Down $1.65
Gold UP $11.10
Canadian $ Down 68 tick @ 104.66
VIX UP 5.14% @ 24.96
In my portfolio :
Bought AAPL @ $384.90
Bought BIDU @ $153.10
Portfolio is AAPL,AMZN,BIDU,FFIV,LULU,RVBD
100% exposure
Internals are negative..
New 52 wk lows are hitting 204 in NYSE & 101 in Nasdaq
Most stocks are Down....
@ 2.55 following are Green :
AMZN,AAPL,APKT,MOS,LVS,MPEL,CMG,QCOM,
PCLN,IBN,SNDK,C,JASO,STP,ARUN,SOHU,LDK,
PWRD,NDAQ,GS,VAR......
BLOG does NOT give buy or sell.
Next post by 8 PM on Sunday.
Saleem
I do not see anything being resolved until Sunday around 4 PM,
when Asian markets will open.
Republican grand scheme will be rejected by Democrats, then
they will go for real compromise. In the meantime it is all "showtime",No substance all words....
Oil Down $1.65
Gold UP $11.10
Canadian $ Down 68 tick @ 104.66
VIX UP 5.14% @ 24.96
In my portfolio :
Bought AAPL @ $384.90
Bought BIDU @ $153.10
Portfolio is AAPL,AMZN,BIDU,FFIV,LULU,RVBD
100% exposure
Internals are negative..
New 52 wk lows are hitting 204 in NYSE & 101 in Nasdaq
Most stocks are Down....
@ 2.55 following are Green :
AMZN,AAPL,APKT,MOS,LVS,MPEL,CMG,QCOM,
PCLN,IBN,SNDK,C,JASO,STP,ARUN,SOHU,LDK,
PWRD,NDAQ,GS,VAR......
BLOG does NOT give buy or sell.
Next post by 8 PM on Sunday.
Saleem
Thursday, July 28, 2011
Only Nasdaq closed green.....
Indices were under pressure from mid-day on, as indecision continues in Washington.
Based on how political drama is unfolding, Friday could be a nail biter...so fasten your seatbelt ?
Nasdaq managed to close green.
Internals were negative by close.
VIX UP 3.31% @ 23.74
Stocks which closed green included AMZN,LULU,
VMW,CMG,SOHU,QCOM,PCLN,GOOG,CRM,
MA,SNDK,GMCR......
AH ER were greeted as follows :
ACOM <3.58%>
DECK <1.51%>
STEC <35.69%>
LOGI <6.79%>
GG <3.71%>
SBUX +1.55%
TCK +1.26%
AH Futures Green
AH Asian Markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Based on how political drama is unfolding, Friday could be a nail biter...so fasten your seatbelt ?
Nasdaq managed to close green.
Internals were negative by close.
VIX UP 3.31% @ 23.74
Stocks which closed green included AMZN,LULU,
VMW,CMG,SOHU,QCOM,PCLN,GOOG,CRM,
MA,SNDK,GMCR......
AH ER were greeted as follows :
ACOM <3.58%>
DECK <1.51%>
STEC <35.69%>
LOGI <6.79%>
GG <3.71%>
SBUX +1.55%
TCK +1.26%
AH Futures Green
AH Asian Markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices in "wait & see mode" for political theatre......
Indices are slightly above breakeven, waiting for voting spectacle.
Internals are positive..
Oil down 33 cents
Gold Down $2.40
Canadian $ unchanged @ 105.37
VIX Down 1.91% @ 22.54
Portfolio is AMZN,FFIV,LULU,RVBD
Most stocks are UP
@ 2.19 following are Down :
RVBD,LOGI,CAT,CNQ,TZOO,MPEL,WYNN,
NTES,SLW,AG,GG,AEM,BWLD,SU,JKS,SVM,
UXG,AMCC,JDSU,FNSR,STP,CRUS,IGTE,
BIDU,FMCN,ABX,V,NYX,SNE,VAR....
BLOG does NOT give buy or sell.
Saleem
Internals are positive..
Oil down 33 cents
Gold Down $2.40
Canadian $ unchanged @ 105.37
VIX Down 1.91% @ 22.54
Portfolio is AMZN,FFIV,LULU,RVBD
Most stocks are UP
@ 2.19 following are Down :
RVBD,LOGI,CAT,CNQ,TZOO,MPEL,WYNN,
NTES,SLW,AG,GG,AEM,BWLD,SU,JKS,SVM,
UXG,AMCC,JDSU,FNSR,STP,CRUS,IGTE,
BIDU,FMCN,ABX,V,NYX,SNE,VAR....
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 27, 2011
Inaction in Washington took a serious toll in markets.......
Market is "not loving" media circus which has taken hold in Washington. NBC is parked inside Capitol Hill.....
Dow & S&P 500 went below 50 DMA in higher volume.
Internals of the market were as follows :
Down volume led by 17.10 to 1 in NYSE & 11.59 to 1 in Nasdaq
Declining stocks led by 10.66 to 1 in NYSE & 6.27 to 1 in Nasdaq
New 52 wk low were in the lead, 102 in NYSE & 81 in Nasdaq
VIX was UP 13.59% @ 22.98, a 4 month high....
The above stat is a sign of capitulation, we may be very close to turning UP
Market is a discounting mechanism, we may have discounted all the drama which may last until the wee hour into Aug 2nd.
US govt have faced many shutdown in the past, so we may be "over-reacting" to this looming crisis.
On Aug 3rd, world will go on as usual with or without politicians coming to an agreement.
So the focus should be, on buying good growth stocks @ discounted prices.....NOW !!!!!
NO..i do not buy the hysteria being created by CNBC shouting pundit, that "sky is falling"
In my portfolio :
Sold ATML
Bought LULU @ $60.91
Portfolio is AMZN,FFIV,LULU,RVBD
I am maintaining 65% exposure in this market.
Here is the RSI in indices & stocks which i own or monitoring closely :
AMZN 66.20
FFIV 36.62
LULU 59.21
RVBD 31.63
AAPL 71.17
NFLX 46.07
PCLN 48.52
TZOO 39.11
BIDU 67.54
SINA 50.81
GOOG 67.61
CAT 40.51
S&P 500 44.82
Nasdaq 46.82
Dow 44.22
As you can see that indices are in buying range. This bickering is NOT an economic crisis, it is a US politician's "normal game"
AH ER / News were greeted as follows :
LRCX <6.18%>
AKAM <14.35%>
TQNT <20.37%>
GMCR +18.60%
WFM +3.42%
AH Futures Mixed
AH Asian markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 went below 50 DMA in higher volume.
Internals of the market were as follows :
Down volume led by 17.10 to 1 in NYSE & 11.59 to 1 in Nasdaq
Declining stocks led by 10.66 to 1 in NYSE & 6.27 to 1 in Nasdaq
New 52 wk low were in the lead, 102 in NYSE & 81 in Nasdaq
VIX was UP 13.59% @ 22.98, a 4 month high....
The above stat is a sign of capitulation, we may be very close to turning UP
Market is a discounting mechanism, we may have discounted all the drama which may last until the wee hour into Aug 2nd.
US govt have faced many shutdown in the past, so we may be "over-reacting" to this looming crisis.
On Aug 3rd, world will go on as usual with or without politicians coming to an agreement.
So the focus should be, on buying good growth stocks @ discounted prices.....NOW !!!!!
NO..i do not buy the hysteria being created by CNBC shouting pundit, that "sky is falling"
In my portfolio :
Sold ATML
Bought LULU @ $60.91
Portfolio is AMZN,FFIV,LULU,RVBD
I am maintaining 65% exposure in this market.
Here is the RSI in indices & stocks which i own or monitoring closely :
AMZN 66.20
FFIV 36.62
LULU 59.21
RVBD 31.63
AAPL 71.17
NFLX 46.07
PCLN 48.52
TZOO 39.11
BIDU 67.54
SINA 50.81
GOOG 67.61
CAT 40.51
S&P 500 44.82
Nasdaq 46.82
Dow 44.22
As you can see that indices are in buying range. This bickering is NOT an economic crisis, it is a US politician's "normal game"
AH ER / News were greeted as follows :
LRCX <6.18%>
AKAM <14.35%>
TQNT <20.37%>
GMCR +18.60%
WFM +3.42%
AH Futures Mixed
AH Asian markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Fed survey showing slowdown in most areas......
Fed survey is confirming slowdown in summer in US.
Indices are down again due to "no progress" in debt reduction.
Indices are down .94% to 2.13%
Internals are down almost 6 to 1
Gold Down 40 cents
Oil Down $1.87
Canadian $ Down 61 tick @ 105.37
VIX UP 7.61% @ 21.77
Portfolio is AMZN,ATML,FFIV,RVBD
Most stocks are down
@ 2.28 following are green :
AMZN,LVS,MPEL,NFLX,FMCN....
AH ER GG & LOGI
BLOG does NOT give buy or sell.
Saleem
Indices are down again due to "no progress" in debt reduction.
Indices are down .94% to 2.13%
Internals are down almost 6 to 1
Gold Down 40 cents
Oil Down $1.87
Canadian $ Down 61 tick @ 105.37
VIX UP 7.61% @ 21.77
Portfolio is AMZN,ATML,FFIV,RVBD
Most stocks are down
@ 2.28 following are green :
AMZN,LVS,MPEL,NFLX,FMCN....
AH ER GG & LOGI
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 26, 2011
Indices closed down .10% to .73%.....
No progress in DC is taking a toll in indices.
Internals were negative
New 52 wk lows were in lead in both NYSE & Nasdaq
RSI in Nasdaq @ close is 57.92
RSI @ close in popular stocks were as follows :
AAPL 84.22
BIDU 72.24
SOHU 70.36
NTES 68.19
LULU 67.54
CMG 66.55
AMZN 58.27
SINA 56.42
RSI is extremely helpful in either booking profit or maximizing profit. Also helpful in buying decision.
AH ER were greeted as follows :
LVS +4.67%
JNPR <17.04%>
AMZN +6.34%
AH Futures Mixed
AH Asian markets Mixed
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals were negative
New 52 wk lows were in lead in both NYSE & Nasdaq
RSI in Nasdaq @ close is 57.92
RSI @ close in popular stocks were as follows :
AAPL 84.22
BIDU 72.24
SOHU 70.36
NTES 68.19
LULU 67.54
CMG 66.55
AMZN 58.27
SINA 56.42
RSI is extremely helpful in either booking profit or maximizing profit. Also helpful in buying decision.
AH ER were greeted as follows :
LVS +4.67%
JNPR <17.04%>
AMZN +6.34%
AH Futures Mixed
AH Asian markets Mixed
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
AMZN beats & guides UP......NICE !!!!!
AMZN gave a blowout Q2 by blowing away estimates in both Sales & EPS.
AMZN guiding Sales way ahead of consensus.
Here are AMZN Q2 actual & Q3 guidance....
Sales Actual $9.91 billion ..... consensus $9.37 billion, beats by $540 million
EPS actual 41 cents...... consensus 35 cents, beats by 6 cents
Q3 Sales guidance $10.7 billion....consensus was $10.32 billion..guiding higher by $380 million
AMZN stock UP by $13.24 per share or +6.18% @ bid
Conference call was extremely upbeat..AMZN is highly focused in growing their business.
BLOG does NOT give buy or sell.
Saleem
AMZN guiding Sales way ahead of consensus.
Here are AMZN Q2 actual & Q3 guidance....
Sales Actual $9.91 billion ..... consensus $9.37 billion, beats by $540 million
EPS actual 41 cents...... consensus 35 cents, beats by 6 cents
Q3 Sales guidance $10.7 billion....consensus was $10.32 billion..guiding higher by $380 million
AMZN stock UP by $13.24 per share or +6.18% @ bid
Conference call was extremely upbeat..AMZN is highly focused in growing their business.
BLOG does NOT give buy or sell.
Saleem
Market is on Washington "stranglehold" ?
Washington is holding market completely pinned down, how long ?
Indices are down flat to .57%
Internals are slightly negative
Oil UP 96 cents
Gold UP $1.90
Canadian $ UP 39 tick @ 105.96....highest level in 3.5 yes
VIX UP 3.26% @ 19.98
Portfolio is AMZN,ATML,FFIV,RVBD
AMZN is expected to report $9.37 billion in Sales & 35 cents in EPS, guidance is expected to be Sales $10.32 Billion & EPS 48 cents...I am expecting a beat in Q2..guidance may be in-line.....this result should cheer UP bulls.....Results are in AH.....cc @ 5 PM.
LVS reports AH also, their results have been below last 2 Q ?
Most stocks are down
@ 1.33 following are green :
FFIV,RVBD,LULU,AUY,NTES,BIDU,FCX,TZOO,
AAPL,SLW,RIMM,SOHU,PCLN,GOOG,CRM,
JDSU,FNSR,SNDK,CTRP,FMCN,SINA,CCJ,
AEM,GS.....
BLOG does NOT give buy or sell.
Saleem
Indices are down flat to .57%
Internals are slightly negative
Oil UP 96 cents
Gold UP $1.90
Canadian $ UP 39 tick @ 105.96....highest level in 3.5 yes
VIX UP 3.26% @ 19.98
Portfolio is AMZN,ATML,FFIV,RVBD
AMZN is expected to report $9.37 billion in Sales & 35 cents in EPS, guidance is expected to be Sales $10.32 Billion & EPS 48 cents...I am expecting a beat in Q2..guidance may be in-line.....this result should cheer UP bulls.....Results are in AH.....cc @ 5 PM.
LVS reports AH also, their results have been below last 2 Q ?
Most stocks are down
@ 1.33 following are green :
FFIV,RVBD,LULU,AUY,NTES,BIDU,FCX,TZOO,
AAPL,SLW,RIMM,SOHU,PCLN,GOOG,CRM,
JDSU,FNSR,SNDK,CTRP,FMCN,SINA,CCJ,
AEM,GS.....
BLOG does NOT give buy or sell.
Saleem
Monday, July 25, 2011
Indices going nowhere fast until Washington act like adults......
Well ....we all watched "prime time drama" of who is "NOT a leader"
I wished they could understand everybody's reaction of "enough with all this stupidity"
One came out like a "statesman" & other like a "school bully"......
This problem will be solved IF all network refuse to given them any air time.....it is a bad show @ best.
BUT all this "children news network" will affect us......
Indices closed well below high of the day...
Internals were 2 to 1 on the downside.
AH ER were greeted as follows :
NFLX <10.30%>
BRCM +7.85%
BIDU +6.52%
SPWRA <3.64%>
AH Asian markets UP
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
I wished they could understand everybody's reaction of "enough with all this stupidity"
One came out like a "statesman" & other like a "school bully"......
This problem will be solved IF all network refuse to given them any air time.....it is a bad show @ best.
BUT all this "children news network" will affect us......
Indices closed well below high of the day...
Internals were 2 to 1 on the downside.
AH ER were greeted as follows :
NFLX <10.30%>
BRCM +7.85%
BIDU +6.52%
SPWRA <3.64%>
AH Asian markets UP
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices down .18% to .40%......despite failure in Washington ?
Indices are trying to ignore the usual pattern of Washington decision making process. They will wait till Aug 2nd midnight, declare great victory for the nation ......& play golf together ?
Internals are negative by almost 2 to 1, Nasdaq is strongest.
Gold UP $8.70
Oil Down 73 cents
Canadian $ UP 34 tick @ $105.82......near 3.5 yr high
VIX UP 7.93% @ 18.91
In my portfolio :
Sold AUY
Tripled my position in AMZN @ $213.44
Bought RVBD @ $31.60
Portfolio is AMZN,ATML,FFIV, RVBD.....
Most stocks are Down....
@ 1.45 following are green :
AUY,AAPL,JCP,CAT,CNQ,MOS,TZOO,NFLX,
NTES,VMW,SOHU,PCLN,BIDU,GOOG,MOS,
CRM,MA,V,TZOO,SU,CTRP,PWRD,CCJ,GS....
BLOG does NOT give buy or sell.
Saleem
Internals are negative by almost 2 to 1, Nasdaq is strongest.
Gold UP $8.70
Oil Down 73 cents
Canadian $ UP 34 tick @ $105.82......near 3.5 yr high
VIX UP 7.93% @ 18.91
In my portfolio :
Sold AUY
Tripled my position in AMZN @ $213.44
Bought RVBD @ $31.60
Portfolio is AMZN,ATML,FFIV, RVBD.....
Most stocks are Down....
@ 1.45 following are green :
AUY,AAPL,JCP,CAT,CNQ,MOS,TZOO,NFLX,
NTES,VMW,SOHU,PCLN,BIDU,GOOG,MOS,
CRM,MA,V,TZOO,SU,CTRP,PWRD,CCJ,GS....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 24, 2011
US Politicians getting in the way of new highs ?
US politicians are living up to every body's negative expectations. They are using every tactic in the book to ensure that a very weak agreement is in place until the last minute of Aug 2nd.
14.3 trillion dollars debt ceiling needs to be raised.
Market expectations was for $4 trillion in spending cut, but the last minute cold feet is heading towards a $2.4 trillion spending cut ?......this weak agreement MAY end up costing everyone as US debt may be downgraded to AA......
There never is a good time or willingness to deal with deficits in US, so a compromise to the lowest number is acceptable for their political gain?
Why so much focus on US politics ?
Because it MAY affect US & World markets......you & me & everyone else around the world.
Asian markets & futures will be first indication of how this last minute "lose lose agreement" is viewed.......
Aside from this, markets were on their way to making new highs.
Nasdaq was all set to pierce 2887.75......RSI in Nasdaq is 61.09
VIX was on its way down
Depending on the reaction to any deal, Gold MAY get its last jump to new highs......
Earnings are in overdrive gear with BIDU, NFLX,TXN & BRCM on Monday AH.....I am expecting positive earnings from BIDU..NFLX is a big ?
As usual, focus should be on making money.....so IF reaction is negative to budget deal, buy good stocks which is being sold off.
IF reaction is positive to budget deal then "sell on the news" is a good strategy.
@ this level, it is a traders market.Booking profit is a wise strategy & buying into other opportunities is a good idea.
Exposure needs to be slightly higher than 50% & reduced further once we move higher towards new highs.
IF you can find ways to make money, then take a position.
It does NOT matter where indices are heading, focus should always be "to make money"
Q3 earnings report may be trough, then a strong Q4 guidance for Christmas sale.
Try to book small gains from hereon until Q4.
Summer is generally dull for investing, so tinkering with small exposure is highly recommended.
Good luck with your OWN understanding of market & your individual stocks.
BLOG does NOT give buy or sell.
Saleem
14.3 trillion dollars debt ceiling needs to be raised.
Market expectations was for $4 trillion in spending cut, but the last minute cold feet is heading towards a $2.4 trillion spending cut ?......this weak agreement MAY end up costing everyone as US debt may be downgraded to AA......
There never is a good time or willingness to deal with deficits in US, so a compromise to the lowest number is acceptable for their political gain?
Why so much focus on US politics ?
Because it MAY affect US & World markets......you & me & everyone else around the world.
Asian markets & futures will be first indication of how this last minute "lose lose agreement" is viewed.......
Aside from this, markets were on their way to making new highs.
Nasdaq was all set to pierce 2887.75......RSI in Nasdaq is 61.09
VIX was on its way down
Depending on the reaction to any deal, Gold MAY get its last jump to new highs......
Earnings are in overdrive gear with BIDU, NFLX,TXN & BRCM on Monday AH.....I am expecting positive earnings from BIDU..NFLX is a big ?
As usual, focus should be on making money.....so IF reaction is negative to budget deal, buy good stocks which is being sold off.
IF reaction is positive to budget deal then "sell on the news" is a good strategy.
@ this level, it is a traders market.Booking profit is a wise strategy & buying into other opportunities is a good idea.
Exposure needs to be slightly higher than 50% & reduced further once we move higher towards new highs.
IF you can find ways to make money, then take a position.
It does NOT matter where indices are heading, focus should always be "to make money"
Q3 earnings report may be trough, then a strong Q4 guidance for Christmas sale.
Try to book small gains from hereon until Q4.
Summer is generally dull for investing, so tinkering with small exposure is highly recommended.
Good luck with your OWN understanding of market & your individual stocks.
BLOG does NOT give buy or sell.
Saleem
Friday, July 22, 2011
Mixed market on non-resolve of US debt ceiling.....
Markets are mixed, thanks to ongoing US political shenanigans where is 100% agreement on dress code but 0% agreement in anything else.Why 100% agreement on dress code when they meet in white house, because they want to "look" Presidential......& they are on TV...another focus on face time on TV.....
Internals are neutral.
Gold UP $16.60
Oil UP 60 cents
Canadian $ Down 65 tick @ 105.27, Canadian inflation came in softer than expected.
VIX Down 1.82% @ 17.24
Portfolio is ATML,AMZN,AUY, FFIV
Stocks are 50/50 mode UP/Down
@ 12.57 following are green :
AMZN,FFIV,ATML,AUY,APKT,RVBD,PLCM,
TZOO,MOS,NFLX,AAPL,SLW,GG,CMG,VMW,
PCLN,SOHU,GOOG,CRM,MA,V,SNDK,ARUN,
BIDU,SINA,NTES,WYNN,IBN....
BLOG does NOT give buy or sell.
PS.....Next BLOG posting Sunday by 2 PM
Saleem
Internals are neutral.
Gold UP $16.60
Oil UP 60 cents
Canadian $ Down 65 tick @ 105.27, Canadian inflation came in softer than expected.
VIX Down 1.82% @ 17.24
Portfolio is ATML,AMZN,AUY, FFIV
Stocks are 50/50 mode UP/Down
@ 12.57 following are green :
AMZN,FFIV,ATML,AUY,APKT,RVBD,PLCM,
TZOO,MOS,NFLX,AAPL,SLW,GG,CMG,VMW,
PCLN,SOHU,GOOG,CRM,MA,V,SNDK,ARUN,
BIDU,SINA,NTES,WYNN,IBN....
BLOG does NOT give buy or sell.
PS.....Next BLOG posting Sunday by 2 PM
Saleem
Thursday, July 21, 2011
Indices closed UP .72% to 1.35%.....NICE !!!!
Indices closed strong today, on renewed hope for resolution in Debt crisis.
Internals were strong.
Earning reports were greeted as follows :
APKT <.73%>
PLCM <2.35%>
Earnings are greeted with great focus by traders. IF it is not a major beat, reaction is to the downside.Even when it is a major beat like AAPL it got 2% by close next day. IF earnings are weaker than expected then it is clobbered like TZOO down 34.66%.....I am making a deliberate attempt to avoid being in earnings drama.Last Q ER i suffered in earnings game.
In my portfolio :
SOLD UXG
Bought AMZN @ $213.54.....looks ready for a breakout @ $219.44 for a target of $233.80....as per www.stockconsultant.com earning is on Tuesday AH.....
Portfolio is FFIV,AUY,ATML,AMZN
Here is my $ weighting :
FFIV 36.80%
AUY 28.21%
ATML 19.11%
AMZN 15.88%
Total exposure in market @ 65% from highest level.
Here is the RSI in my portfolio & other stocks :
AMZN 58.77
ATML 41.94
FFIV 38.06
AUY 66.28
APKT 36.57
AAPL 79.38
LULU 72.04
NFLX 50.29
WYNN 68.64
This is a good example of how market is valuing different stocks. Strong stocks base for few days and move higher again.
This is a tough market & i am trying hard to book any gain & position for a quick trade. My drastic & sudden selling reflects my lack of comfort with this market.
RSI in S&P 500 is 60.04 while Dow is @ 62.80, Nasdaq 58.39
I am expecting this market to become even more tough once earnings are over. I intend to play with my exposure depending on the opportunities.
SO....please do not view my sale or buy as an indication of that stock, but more of a strategy & market view.
AH Futures UP
AH Asian markets UP
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were strong.
Earning reports were greeted as follows :
APKT <.73%>
PLCM <2.35%>
Earnings are greeted with great focus by traders. IF it is not a major beat, reaction is to the downside.Even when it is a major beat like AAPL it got 2% by close next day. IF earnings are weaker than expected then it is clobbered like TZOO down 34.66%.....I am making a deliberate attempt to avoid being in earnings drama.Last Q ER i suffered in earnings game.
In my portfolio :
SOLD UXG
Bought AMZN @ $213.54.....looks ready for a breakout @ $219.44 for a target of $233.80....as per www.stockconsultant.com earning is on Tuesday AH.....
Portfolio is FFIV,AUY,ATML,AMZN
Here is my $ weighting :
FFIV 36.80%
AUY 28.21%
ATML 19.11%
AMZN 15.88%
Total exposure in market @ 65% from highest level.
Here is the RSI in my portfolio & other stocks :
AMZN 58.77
ATML 41.94
FFIV 38.06
AUY 66.28
APKT 36.57
AAPL 79.38
LULU 72.04
NFLX 50.29
WYNN 68.64
This is a good example of how market is valuing different stocks. Strong stocks base for few days and move higher again.
This is a tough market & i am trying hard to book any gain & position for a quick trade. My drastic & sudden selling reflects my lack of comfort with this market.
RSI in S&P 500 is 60.04 while Dow is @ 62.80, Nasdaq 58.39
I am expecting this market to become even more tough once earnings are over. I intend to play with my exposure depending on the opportunities.
SO....please do not view my sale or buy as an indication of that stock, but more of a strategy & market view.
AH Futures UP
AH Asian markets UP
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .81% to 1.46%......NICE !!!!
Indices are UP on Greece debt resolution efforts.
Internals are positive almost 2 to 1
Gold UP $4.70
Oil UP $1.53
Canadian $ UP 35 tick @ 105 .86....new 3 year high
VIX Down 9.27% @ 17.32
In my portfolio :
Bought FFIV @ $99.68
Portfolio is ATML,FFIV,UXG,AUY
Increased my exposure to 78%
Most stocks are UP
@ 1.32 following are RED :
FFIV(in-line earnings & in-line guidance),UXG,GG,FCX,
TZOO ( earning miss by 6 cents),PLCM,APKT,RVBD,
FCX,NFLX,AMZN,NTES,BIDU,SINA,SLW,AG,SVM,
LULU,VMW,CMG,SOHU,QCOM,CRM,JKS,CRUS(earning miss),ARUN,FMCN,AEM,BWLD.....
After close PLCM & APKT reporting, both taking on the chin
already ?
BLOG does NOT give buy or sell.
Saleem
Internals are positive almost 2 to 1
Gold UP $4.70
Oil UP $1.53
Canadian $ UP 35 tick @ 105 .86....new 3 year high
VIX Down 9.27% @ 17.32
In my portfolio :
Bought FFIV @ $99.68
Portfolio is ATML,FFIV,UXG,AUY
Increased my exposure to 78%
Most stocks are UP
@ 1.32 following are RED :
FFIV(in-line earnings & in-line guidance),UXG,GG,FCX,
TZOO ( earning miss by 6 cents),PLCM,APKT,RVBD,
FCX,NFLX,AMZN,NTES,BIDU,SINA,SLW,AG,SVM,
LULU,VMW,CMG,SOHU,QCOM,CRM,JKS,CRUS(earning miss),ARUN,FMCN,AEM,BWLD.....
After close PLCM & APKT reporting, both taking on the chin
already ?
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 20, 2011
Markets in holding pattern before European / US news......
Indices closed slightly lower, Nasdaq was weak down .43%.
Internals were negative in Nasdaq.
Stocks whichwere UP 2% or more included AUY,
LOGI,AAPL,SLW,AG,SVM,JASO,SOL,BAC,CRUS.....
Jimmy the Cramer spend most of his "showtime" trumpeting AAPL & comparing against mighty USA..his verdict AAPL is MIGHTIER...all this created a gain of 10 cents AH in AAPL
share.....
AH ER were greeted as follows :
INTC <1.91%>
QCOM <2.55%>
FFIV <7.04%>
EBAY <1.42%>
AH Futures Mixed
AH Asian markets UP
Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were negative in Nasdaq.
Stocks whichwere UP 2% or more included AUY,
LOGI,AAPL,SLW,AG,SVM,JASO,SOL,BAC,CRUS.....
Jimmy the Cramer spend most of his "showtime" trumpeting AAPL & comparing against mighty USA..his verdict AAPL is MIGHTIER...all this created a gain of 10 cents AH in AAPL
share.....
AH ER were greeted as follows :
INTC <1.91%>
QCOM <2.55%>
FFIV <7.04%>
EBAY <1.42%>
AH Futures Mixed
AH Asian markets UP
Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices slightly lower.....
Indices are slightly lower due to disappointing earnings report from "cloudsphere".
Nasdaq is taking a bigger hit by being down .43%...internals in Nasdaq is almost 2 to 1 negative.
FFIV reports tonight......TZOO reports before open....
Oil Down 25 cents
Gold Down $3.40
Silver Down 46 cents
Canadian $ UP 24 tick @ 105.48
VIX Down .47% @ 19.12
In my portfolio :
Added 150% ATML @ $12.57
Portfolio is ATML, UXG, AUY
Exposure 48%...52% exposure reduced today.....
Most stocks are Down.....
@ 1.26 following are green :
AUY,AAPL,LOGI,CNQ,BIDU,GG,MOS,
SLW,AG,SVM,VMW,QCOM,SU,JKS,
C,SOL,JASO,BAC,CRUS,FMCN,ABX,
GS.....
BLOG does NOT give buy or sell.
Saleem
Nasdaq is taking a bigger hit by being down .43%...internals in Nasdaq is almost 2 to 1 negative.
FFIV reports tonight......TZOO reports before open....
Oil Down 25 cents
Gold Down $3.40
Silver Down 46 cents
Canadian $ UP 24 tick @ 105.48
VIX Down .47% @ 19.12
In my portfolio :
Added 150% ATML @ $12.57
Portfolio is ATML, UXG, AUY
Exposure 48%...52% exposure reduced today.....
Most stocks are Down.....
@ 1.26 following are green :
AUY,AAPL,LOGI,CNQ,BIDU,GG,MOS,
SLW,AG,SVM,VMW,QCOM,SU,JKS,
C,SOL,JASO,BAC,CRUS,FMCN,ABX,
GS.....
BLOG does NOT give buy or sell.
Saleem
SOLD LULU,CNQ,PLCM @ open......
Sold LULU,CNQ,PLCM @ open
Tripled my position in UXG @ $6.86
Portfolio is AUY,UXG & ATML....
Exposure in market only 32%......reduced by 68% this AM......
BLOG does NOT give buy or sell.
Saleem
Tripled my position in UXG @ $6.86
Portfolio is AUY,UXG & ATML....
Exposure in market only 32%......reduced by 68% this AM......
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 19, 2011
Strong close in indices.....NICE !!!!
Indices moved UP sharply, after President Obama made optimistic comment about debt deal.
All Indices are well above 50 DMA, with Nasdaq being the strongest in late charge.
Here is the RSI @ close :
S&P 500 54.89
Nasdaq 57.88
Dow 58.44
VIX closed down 8.31% @ 19.21
Stocks which closed UP 3% or more included CNQ,LULU,PLCM,
MOS,BWLD,TZOO,MPEL,APKT,RVBD,AMZN,VMW,SOHU,
QCOM,PCLN,CRM,SU,JDSU,CIEN,FNSR,JASO,SOL,SNDK,
CRUS,ARUN,NVDA.....
AH ER were greeted as follows :
AAPL +4.5%
VMW +6.59%
RVBD <23.62%>
CMG <4.24%>
AH Futures UP
AH Asian markets UP
AH Oil UP
AH Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
All Indices are well above 50 DMA, with Nasdaq being the strongest in late charge.
Here is the RSI @ close :
S&P 500 54.89
Nasdaq 57.88
Dow 58.44
VIX closed down 8.31% @ 19.21
Stocks which closed UP 3% or more included CNQ,LULU,PLCM,
MOS,BWLD,TZOO,MPEL,APKT,RVBD,AMZN,VMW,SOHU,
QCOM,PCLN,CRM,SU,JDSU,CIEN,FNSR,JASO,SOL,SNDK,
CRUS,ARUN,NVDA.....
AH ER were greeted as follows :
AAPL +4.5%
VMW +6.59%
RVBD <23.62%>
CMG <4.24%>
AH Futures UP
AH Asian markets UP
AH Oil UP
AH Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices are "rocketing UP"....NICE !!!!!
Indices are in overdrive UP almost 2%...Just when Cramer said market is going down for a flushout ?
Advancing issues are leading by 3 to 1, new 52 wk highs are in the lead in NYSE & Nasdaq
Gold Down $9.10
Oil UP $2.41
Canadian $ UP 1.14 cent @ 105.32...near 52 wk high
VIX Down 6.49% @ 19.59
In my portfolio :
Added 50 % AUY @ $13.03
Portfolio is ATML,CNQ,LULU,PLCM,UXG,AUY
Most stocks are UP
@ 2.06 following are RED :
AUY,UXG,GG,WYNN,SINA,SLW,AG,
SVM,RIMM,BAC,ABX,KGC,AEM,
SNE,GS.....
BLOG does NOT give buy or sell.
Saleem
Advancing issues are leading by 3 to 1, new 52 wk highs are in the lead in NYSE & Nasdaq
Gold Down $9.10
Oil UP $2.41
Canadian $ UP 1.14 cent @ 105.32...near 52 wk high
VIX Down 6.49% @ 19.59
In my portfolio :
Added 50 % AUY @ $13.03
Portfolio is ATML,CNQ,LULU,PLCM,UXG,AUY
Most stocks are UP
@ 2.06 following are RED :
AUY,UXG,GG,WYNN,SINA,SLW,AG,
SVM,RIMM,BAC,ABX,KGC,AEM,
SNE,GS.....
BLOG does NOT give buy or sell.
Saleem
Monday, July 18, 2011
Indices closed down .76% to .89%.....
Indices went below 50 DMA, but Nasdaq managed to close above.
Internals were as follows :
Down volume led by 10.94 to 1 in NYSE & 7.32 to 1 in Nasdaq
Declining stocks led by 5.72 to 1 in NYSE & 4.01 to 1 in Nasdaq
New 52 wk low were in the lead with 96 in NYSE & 64 in Nasdaq
All in all a pretty weak day in market....
But as we are in a jittery mode, thanks to our politician.... we could move UP IF there is any real progress in stalemate.
Stocks which were UP 2% or more included UXG,TZOO,SINA,
SLW,AG,SVM,JKS,AAPL......
AH ER were positive as WYNN & IBM were UP AH 2.67% & 1.75%
AH Futures UP
AH Asian markets Down
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were as follows :
Down volume led by 10.94 to 1 in NYSE & 7.32 to 1 in Nasdaq
Declining stocks led by 5.72 to 1 in NYSE & 4.01 to 1 in Nasdaq
New 52 wk low were in the lead with 96 in NYSE & 64 in Nasdaq
All in all a pretty weak day in market....
But as we are in a jittery mode, thanks to our politician.... we could move UP IF there is any real progress in stalemate.
Stocks which were UP 2% or more included UXG,TZOO,SINA,
SLW,AG,SVM,JKS,AAPL......
AH ER were positive as WYNN & IBM were UP AH 2.67% & 1.75%
AH Futures UP
AH Asian markets Down
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
All indices below 50 DMA......
Indices are below 50 DMA on worldwide debt issues.
US politicians are still not getting it, talk will not do it...ACTION required.
All indices are down more than 1%...
S&P 500 low today is 1295.92, currently @ 1301.21...50 DMA is 1312.30
RSI is @ 45.99
Internals are negative by minimum 5 to 1
More new 52 wk lows in NYSE & Nasdaq
Gold UP $10.20 @ $1600...a new all time high
Silver UP $1.384 @ $40.455
Oil Down $1.84
Canadian $ Down 75 tick @ 104.12
VIX UP 10.09% @ 21.50...Top end of the range
Portfolio is ATML,CNQ,LULU,PLCM,UXG,AUY
Most stocks are down
@ 2.00 following are green :
UXG,AUY,GG,TZOO,WYNN,SINA,SLW,
AG,SVM,CMG,QCOM,ALTR,JKS,AAPL,
CCJ,ABX,AEM,KGC....
BLOG does NOT give buy or sell.
Saleem
US politicians are still not getting it, talk will not do it...ACTION required.
All indices are down more than 1%...
S&P 500 low today is 1295.92, currently @ 1301.21...50 DMA is 1312.30
RSI is @ 45.99
Internals are negative by minimum 5 to 1
More new 52 wk lows in NYSE & Nasdaq
Gold UP $10.20 @ $1600...a new all time high
Silver UP $1.384 @ $40.455
Oil Down $1.84
Canadian $ Down 75 tick @ 104.12
VIX UP 10.09% @ 21.50...Top end of the range
Portfolio is ATML,CNQ,LULU,PLCM,UXG,AUY
Most stocks are down
@ 2.00 following are green :
UXG,AUY,GG,TZOO,WYNN,SINA,SLW,
AG,SVM,CMG,QCOM,ALTR,JKS,AAPL,
CCJ,ABX,AEM,KGC....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 17, 2011
Indices struggling, but many stocks @ all time highs........
S&P 500 has not moved @ all since the start of this year. IF you had invested in S&P 500 ETF in Jan, you are sitting @ zero return.
BUT many stocks are @ all time highs, this is a reality of stock market which many failed to comprehend.
Too much time & energy is wasted about direction of the market. CNBC is "hyper-focused" on where S&P 500 is headed in next five minutes, they keep highlighting RESISTANCE.
It is extremely important to KNOW your own stocks well. it is also important to understand that many stocks do not follow direction of indices.
SO...this week AAPL makes all time high, while indices were struggling with so-called support.
S&P 500 has been trading in a range of 1300 to 1350....where it goes from here depends on political & economic climate.
We are entering peak earning season, stocks will move based on how key earnings reports are perceived.
Generally speaking, indices do fade after earnings season.
VIX made it to 21.68 then closed @ 19.53, VIX range has been from 15 to 21.
As you have noted above, that stock market does not follow any norm. It trades in its own interpretation of events.Normally markets goes through extended discounted process of issues.
European debt & economic issues in US / Europe needs more time to resolve.
Hopefully, US economy should be in upswing in 2012.
Q4 earnings report should be good & markets may move to new highs in anticipation of that.
My guesswork tells me that we may be heading towards resistance in next few weeks when earnings comes to an end.
In the meantime many stocks are looking good, as some of them are oversold and may be ready for a bounce.
Here is a list of some stocks with their RSI :
ATML 40.19
CNQ 52.17
LULU 70.06
PLCM 51.82
AUY 67.79
UXG 59.10
SINA 61.80
BIDU 62.30
AAPL 69.66
PCLN 53.97
TZOO 66.66
AMZN 62.47
WYNN 73.24
NFLX 61.19
As you can tell many stocks are laggards, while others are making new all time highs, but sectors keeps rotating.
Important message is that you need to stay "stock focus" NOT "indices focus".....indices may test support but many stocks keep going higher.
We all make many mis-takes in picking stocks, but as long as majority of them work out.....we should be happy.
Do not hesitate to dump losers even if you believe in their business model, IF market is not moving them UP...then it is a waste of your resources.
I had to sell SOL on Thursday, as i do not think there is catalyst for solar sector in short term.I replaced it with UXG @ $6.58....
Here is my $ weighting as of Friday's close :
LULU 32.89%
PLCM 24.63%
AUY 18.24%
CNQ 13.34%
ATML 7.54%
UXG 3.36%
Good luck with your portfolio.
BLOG does NOT give buy or sell.
Saleem
BUT many stocks are @ all time highs, this is a reality of stock market which many failed to comprehend.
Too much time & energy is wasted about direction of the market. CNBC is "hyper-focused" on where S&P 500 is headed in next five minutes, they keep highlighting RESISTANCE.
It is extremely important to KNOW your own stocks well. it is also important to understand that many stocks do not follow direction of indices.
SO...this week AAPL makes all time high, while indices were struggling with so-called support.
S&P 500 has been trading in a range of 1300 to 1350....where it goes from here depends on political & economic climate.
We are entering peak earning season, stocks will move based on how key earnings reports are perceived.
Generally speaking, indices do fade after earnings season.
VIX made it to 21.68 then closed @ 19.53, VIX range has been from 15 to 21.
As you have noted above, that stock market does not follow any norm. It trades in its own interpretation of events.Normally markets goes through extended discounted process of issues.
European debt & economic issues in US / Europe needs more time to resolve.
Hopefully, US economy should be in upswing in 2012.
Q4 earnings report should be good & markets may move to new highs in anticipation of that.
My guesswork tells me that we may be heading towards resistance in next few weeks when earnings comes to an end.
In the meantime many stocks are looking good, as some of them are oversold and may be ready for a bounce.
Here is a list of some stocks with their RSI :
ATML 40.19
CNQ 52.17
LULU 70.06
PLCM 51.82
AUY 67.79
UXG 59.10
SINA 61.80
BIDU 62.30
AAPL 69.66
PCLN 53.97
TZOO 66.66
AMZN 62.47
WYNN 73.24
NFLX 61.19
As you can tell many stocks are laggards, while others are making new all time highs, but sectors keeps rotating.
Important message is that you need to stay "stock focus" NOT "indices focus".....indices may test support but many stocks keep going higher.
We all make many mis-takes in picking stocks, but as long as majority of them work out.....we should be happy.
Do not hesitate to dump losers even if you believe in their business model, IF market is not moving them UP...then it is a waste of your resources.
I had to sell SOL on Thursday, as i do not think there is catalyst for solar sector in short term.I replaced it with UXG @ $6.58....
Here is my $ weighting as of Friday's close :
LULU 32.89%
PLCM 24.63%
AUY 18.24%
CNQ 13.34%
ATML 7.54%
UXG 3.36%
Good luck with your portfolio.
BLOG does NOT give buy or sell.
Saleem
Thursday, July 14, 2011
Indices Down .28% to 1.31%......
Indices are down thanks to US deadlock in resolving budgetary issues.
Internals are down 3 to 1
Gold UP $4.70
Oil Down 3.01
Canadian $ Down 29 tick @ 104.13
VIX UP 8.09% @ 21.52
In my portfolio :
Added 60% LULU @ $59.40
Portfolio is ATML,CNQ,LULU,PLCM,SOL,AUY
Here is my portfolio $ weighting :
LULU 32.65%
PLCM 24.55%
AUY 18.27%
CNQ 13.24%
ATML 7.53%
SOL 3.76%
Most stocks are down
@1.26 following are green :
CNQ,WYNN,NTES,AG,MA,GS....
BLOG does NOT give buy or sell.
PS.....There will be no post until Sunday @ 2PM. Family is visiting.
Saleem
Internals are down 3 to 1
Gold UP $4.70
Oil Down 3.01
Canadian $ Down 29 tick @ 104.13
VIX UP 8.09% @ 21.52
In my portfolio :
Added 60% LULU @ $59.40
Portfolio is ATML,CNQ,LULU,PLCM,SOL,AUY
Here is my portfolio $ weighting :
LULU 32.65%
PLCM 24.55%
AUY 18.27%
CNQ 13.24%
ATML 7.53%
SOL 3.76%
Most stocks are down
@1.26 following are green :
CNQ,WYNN,NTES,AG,MA,GS....
BLOG does NOT give buy or sell.
PS.....There will be no post until Sunday @ 2PM. Family is visiting.
Saleem
Wednesday, July 13, 2011
Indices closed UP .31% to .54%.....NICE !!!!
Indices lost most of the gains by close. I think someone knew about Moody's warning of US potential downgrade.
This warning by Moody's is not going to change the process of US political gamesmanship. Always wait for the last moment to agree on a compromise...until then its all about face time on TV......
Stocks which were UP 2% or more included AUY,SOL,UXG,SVM,
GG,BWLD,MPEL,LVS,NTES,
SINA,BIDU,NFLX,SLW,AG,
SOHU,JKS,CRUS....
In my portfolio :
Sold 50% LULU
Reduced my exposure by 22%
Here is my $ weighting :
PLCM 27.99%
LULU 23.05%
AUY 20.82%
CNQ 15.00%
ATML 8.65%
SOL 4.49%
AH Futures Down
AH Asian markets MIXED
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
This warning by Moody's is not going to change the process of US political gamesmanship. Always wait for the last moment to agree on a compromise...until then its all about face time on TV......
Stocks which were UP 2% or more included AUY,SOL,UXG,SVM,
GG,BWLD,MPEL,LVS,NTES,
SINA,BIDU,NFLX,SLW,AG,
SOHU,JKS,CRUS....
In my portfolio :
Sold 50% LULU
Reduced my exposure by 22%
Here is my $ weighting :
PLCM 27.99%
LULU 23.05%
AUY 20.82%
CNQ 15.00%
ATML 8.65%
SOL 4.49%
AH Futures Down
AH Asian markets MIXED
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .95% to 1.19%.......NICE !!!!!
Ben Bernanke has been trying very hard to tell traders & investors, that he will do anything in his power to steer US economy out of slump.
Indices are finally responding by being UP 1%+-
Internals are strong by minimum 4 to 1
Gold UP $23.70 @ 1585.60..new all time high
Oil UP $1.90
Canadian $ UP 64 tick @ 104.21
VIX Down 6.95% @ 18.49
In my portfolio :
Sold SVM
Sold UXG
Bought AUY @ $13
Portfolio is AUY,ATML,CNQ,LULU,PLCM,SOL
Most stocks are UP
@ 1.35 following are Down :
RIMM,ALTR,QCOM,AMCC,STP....
BLOG does NOT give buy or sell.
Saleem
Indices are finally responding by being UP 1%+-
Internals are strong by minimum 4 to 1
Gold UP $23.70 @ 1585.60..new all time high
Oil UP $1.90
Canadian $ UP 64 tick @ 104.21
VIX Down 6.95% @ 18.49
In my portfolio :
Sold SVM
Sold UXG
Bought AUY @ $13
Portfolio is AUY,ATML,CNQ,LULU,PLCM,SOL
Most stocks are UP
@ 1.35 following are Down :
RIMM,ALTR,QCOM,AMCC,STP....
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 12, 2011
Ireland debt downgrade killed the rally.........
Indices were in the green after Fed minute release, but Moody's timed it perfectly to downgrade Ireland debt to Junk status..which not only killed the rally but we went negative in all indices.
You never know in Wall Street, how billions are made in minutes.
Gold was the star after Fed release, Gold closed @ new all time high. Gold still has not crossed intraday high.
VIX jumped UP 8.05% @ 19.87....reaching top end of its range...
Stocks which were UP 1% or higher included LULU,SVM,UXG,
AUY,GG,FCX,CF,NTES,SLW,AG,GOOG......
AH Futures UP
AH Asian markets UP
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
You never know in Wall Street, how billions are made in minutes.
Gold was the star after Fed release, Gold closed @ new all time high. Gold still has not crossed intraday high.
VIX jumped UP 8.05% @ 19.87....reaching top end of its range...
Stocks which were UP 1% or higher included LULU,SVM,UXG,
AUY,GG,FCX,CF,NTES,SLW,AG,GOOG......
AH Futures UP
AH Asian markets UP
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Greece considering some default & S&P 500 UP.....NICE !!!!
Dow & S&P 500 is UP, after reports of Greece considering defaulting on some debts. Nasdaq is down 10 points as chips are under severe selling pressure after NVLS & MCHP miss.
Internals are mostly positive.
Gold UP $4.60
Oil UP $ 1.23
Canadian $ UP 24 tick @ 103.46
VIX UP 2.88% @ 18.92
Portfolio is ATML,CNQ,LULU,PLCM,SOL,SVM,UXG.....
SOL guided down, which was expected. Stock coming UP from low of $4.20.
Most stocks are UP
@ 12.44 following are Down :
ATML,PLCM,SOL,SVM,BIDU,MOS,TZOO,
MPEL,LVS,SINA,APKT,NFLX,VMW,SOHU,
QCOM,PCLN,ALTR,JKS,TSL,LDK,MA,JASO,
ARUN,CRUS,SNDK,NVDA,JDSU,CTRP,
GS....
BLOG does NOT give buy or sell.
Saleem
Internals are mostly positive.
Gold UP $4.60
Oil UP $ 1.23
Canadian $ UP 24 tick @ 103.46
VIX UP 2.88% @ 18.92
Portfolio is ATML,CNQ,LULU,PLCM,SOL,SVM,UXG.....
SOL guided down, which was expected. Stock coming UP from low of $4.20.
Most stocks are UP
@ 12.44 following are Down :
ATML,PLCM,SOL,SVM,BIDU,MOS,TZOO,
MPEL,LVS,SINA,APKT,NFLX,VMW,SOHU,
QCOM,PCLN,ALTR,JKS,TSL,LDK,MA,JASO,
ARUN,CRUS,SNDK,NVDA,JDSU,CTRP,
GS....
BLOG does NOT give buy or sell.
Saleem
Monday, July 11, 2011
Indices closed Down 1.2% to 2.0%........
Indices were due for a fall, but it came with major velocity.
Most traders were caught off guard with today's slump.
When index is down 2% in a day, then it is a serious selling.
Reasons given were same old, same old stories....in my opinion it was an overdue selling from overbought conditions. When indices are UP 8 straight day's, one has to be cautious for a drop.
Internals were as listed below :
Down Volume led by 31.08 to 1 in NYSE & 12.17 to 1 in Nasdaq
Declining stocks led by 6.05 to 1 in NYSE & 4.72 to 1 in Nasdaq
New 52 wk low were leading in NYSE by 5 & Nasdaq had only 11 more 52 wk highs
VIX jumped by 15.30%
IF you look @ down volume, it shows panic selling in NYSE, while Nasdaq was also extremely negative...
The above stat has given an oversold condition in 1 trading day.
RSI in S&P 500 is @ 52.63
AH ER & News related resulted in following :
AA Down .57%
NVLS Down 5.95%
MCHP Down 7.36%
AH Futures UP
AH Asian Markets Down
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Most traders were caught off guard with today's slump.
When index is down 2% in a day, then it is a serious selling.
Reasons given were same old, same old stories....in my opinion it was an overdue selling from overbought conditions. When indices are UP 8 straight day's, one has to be cautious for a drop.
Internals were as listed below :
Down Volume led by 31.08 to 1 in NYSE & 12.17 to 1 in Nasdaq
Declining stocks led by 6.05 to 1 in NYSE & 4.72 to 1 in Nasdaq
New 52 wk low were leading in NYSE by 5 & Nasdaq had only 11 more 52 wk highs
VIX jumped by 15.30%
IF you look @ down volume, it shows panic selling in NYSE, while Nasdaq was also extremely negative...
The above stat has given an oversold condition in 1 trading day.
RSI in S&P 500 is @ 52.63
AH ER & News related resulted in following :
AA Down .57%
NVLS Down 5.95%
MCHP Down 7.36%
AH Futures UP
AH Asian Markets Down
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices Down 1.17% to 1.81% on overbought conditions......
Indices are taking a dive today based on overbought condition.
Internals are negative by 5 to 1....
Today's selling improves technical health of the market. There was tremendous buying in last 10 days & market moved UP a lot.
US politics is playing out the way it does..all talk on TV & no work.
S&P 500 low today was 1318.86 which above 50 DMA of 1316.49
RSI has moved down to 53.61...
Gold UP $5.20 @ $1546.80
Silver Down 61 cents @ $35.93
Oil Down $1.20
Canadian $ Down 52 tick @ 103.35
VIX UP 13.98% @ 18.18
In my portfolio :
Sold GG
Bought CNQ @ $40.84
Portfolio is ATML,CNQ,PLCM,LULU,SOL,SVM, UXG
10% less exposure....
LULU is splitting 2 for 1 in pre-market Tuesday.
Most stocks are Down...
@ 12.41 following are green :
GG,CRUS,AUY.....
BLOG does NOT give buy or sell.
Saleem
Internals are negative by 5 to 1....
Today's selling improves technical health of the market. There was tremendous buying in last 10 days & market moved UP a lot.
US politics is playing out the way it does..all talk on TV & no work.
S&P 500 low today was 1318.86 which above 50 DMA of 1316.49
RSI has moved down to 53.61...
Gold UP $5.20 @ $1546.80
Silver Down 61 cents @ $35.93
Oil Down $1.20
Canadian $ Down 52 tick @ 103.35
VIX UP 13.98% @ 18.18
In my portfolio :
Sold GG
Bought CNQ @ $40.84
Portfolio is ATML,CNQ,PLCM,LULU,SOL,SVM, UXG
10% less exposure....
LULU is splitting 2 for 1 in pre-market Tuesday.
Most stocks are Down...
@ 12.41 following are green :
GG,CRUS,AUY.....
BLOG does NOT give buy or sell.
Saleem
Sunday, July 10, 2011
Option Expiry this week MAY put downside pressure from Wed......
Indices are @ healthy level. Technical picture is strong.
S&P 500 closed @ 1343.80 only 26.79 points or 1.95% from making a new 2011 high.
RSI stands @ 62.48
There is a very good chance of making new high by Wed of this week.
I see Option Expiry putting negative pressure from Wed onwards.
VIX is clearly giving all indication that FEAR has subsided.
New money is being allocated to equity by individuals & Hedge Funds.
As we move to new highs, CAUTION is warranted.
By Wednesday, it may be PRUDENT to book gains.
When everything looks good, i start getting UNCOMFORTABLE.
Market is a TRICKY mechanism, when everything looks bad, i am extremely confident.
I will be reducing my exposure by Wednesday, based on gut feeling.
Here is my $ weighting in my portfolio , so IF i sell something..you will know how much i have taken off the table :
LULU 35.73%
PLCM 22.86%
GG 19.38%
ATML 7.51%
UXG 5.83%
SVM 5.21%
SOL 3.48%
Market trades in a range in an ASCENDING pattern these days.I may be inclined to do quick trades on an intraday basis, but exposure will be much much less.
BUT...i could be 100% wrong about market behaviour from Wed onwards. This market has proven many wrong.
Once market pulls back, then i will see how i feel.
Based on current momentum, we have UPWARD bias for Monday.
Earnings are in full swing from AA to GOOG on Thursday. Depending on earning reports market may REACT accordingly.
IF you look @ most charts, they are looking extremely overbought.I have not seen charts in many years which looks like a "sharp V".....thus my cautionary take.
BUT...markets will do what it wants to do, irrespective of my comfort level.
I am also a " firm believer" in tinkering with exposure, IF we are NEAR top end of the range.
Sometimes leaving last few $ is the best strategy.
Another reason for caution is, that too many stocks are making series of 52 wk or all time high ..........generally happens near TOP ?
Good luck with your OWN analysis of market & stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1343.80 only 26.79 points or 1.95% from making a new 2011 high.
RSI stands @ 62.48
There is a very good chance of making new high by Wed of this week.
I see Option Expiry putting negative pressure from Wed onwards.
VIX is clearly giving all indication that FEAR has subsided.
New money is being allocated to equity by individuals & Hedge Funds.
As we move to new highs, CAUTION is warranted.
By Wednesday, it may be PRUDENT to book gains.
When everything looks good, i start getting UNCOMFORTABLE.
Market is a TRICKY mechanism, when everything looks bad, i am extremely confident.
I will be reducing my exposure by Wednesday, based on gut feeling.
Here is my $ weighting in my portfolio , so IF i sell something..you will know how much i have taken off the table :
LULU 35.73%
PLCM 22.86%
GG 19.38%
ATML 7.51%
UXG 5.83%
SVM 5.21%
SOL 3.48%
Market trades in a range in an ASCENDING pattern these days.I may be inclined to do quick trades on an intraday basis, but exposure will be much much less.
BUT...i could be 100% wrong about market behaviour from Wed onwards. This market has proven many wrong.
Once market pulls back, then i will see how i feel.
Based on current momentum, we have UPWARD bias for Monday.
Earnings are in full swing from AA to GOOG on Thursday. Depending on earning reports market may REACT accordingly.
IF you look @ most charts, they are looking extremely overbought.I have not seen charts in many years which looks like a "sharp V".....thus my cautionary take.
BUT...markets will do what it wants to do, irrespective of my comfort level.
I am also a " firm believer" in tinkering with exposure, IF we are NEAR top end of the range.
Sometimes leaving last few $ is the best strategy.
Another reason for caution is, that too many stocks are making series of 52 wk or all time high ..........generally happens near TOP ?
Good luck with your OWN analysis of market & stocks.
BLOG does NOT give buy or sell.
Saleem
Friday, July 8, 2011
Sold TZOO & bought PLCM....
.
Sold TZOO & put the proceed into PLCM @ $32.13.
I may be back in TZOO before ER which is on July 18th.
BLOG does NOT give buy or sell.
PS.....Next post on Sunday by 2 PM...that will be the new routine instead of closing comment on Friday.
Saleem
Sold TZOO & put the proceed into PLCM @ $32.13.
I may be back in TZOO before ER which is on July 18th.
BLOG does NOT give buy or sell.
PS.....Next post on Sunday by 2 PM...that will be the new routine instead of closing comment on Friday.
Saleem
Indices Down .93% to 1.20% on jobs data.....
Markets is smarter than all economists put together. Economists as a group are "the most incompetent"..they can come up with numbers with no real reasoning or any homework. 99% of the time they are not even close. A genius economist on CNBC bumped his number to 170,000 only yesterday, because ADP was better.WOW..how about doing your OWN analysis.
SO...we had 18K job growth vs consensus of take your guess 90K-170K..some pundits on CNBC were suggesting that US govt fudges numbers to look good?
YES..we have job growth of 18K, despite Japanese shocker / shutdown & Chinese slowdown. I think it is a pretty good number.It is important to be realistic in predicting job growth, we will have good Job growth from September onwards.
Markets are down, thanks to CNBC lousy focus on one data against so-called consensus.
You want to know about Job growth, Canada came in with 28,400 job growth when economists were predicting 10,000...so they were wrong by only 184% ??????
Markets are down about 1%+-...not bad considering we were UP for 8 straight days. Internals are negative by almost 4 to 1 on the downside.
Gold UP $13.50 @ $1544.10
Silver UP 8 cents @ $36.61
Oil Down $2.45
Canadian $ Down 38 tick @ 103.90
VIX UP 4.01% @ 16.59..muted reaction..good for bulls
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG
Most stocks are Down
@ 12.32 following are green :
GG,SVM,BWLD,WYNN,LVS,SLW,VMW,
MPEL,SOHU,AAPL,PWRD,KGC...
BLOG does NOT give buy or sell.
Saleem
SO...we had 18K job growth vs consensus of take your guess 90K-170K..some pundits on CNBC were suggesting that US govt fudges numbers to look good?
YES..we have job growth of 18K, despite Japanese shocker / shutdown & Chinese slowdown. I think it is a pretty good number.It is important to be realistic in predicting job growth, we will have good Job growth from September onwards.
Markets are down, thanks to CNBC lousy focus on one data against so-called consensus.
You want to know about Job growth, Canada came in with 28,400 job growth when economists were predicting 10,000...so they were wrong by only 184% ??????
Markets are down about 1%+-...not bad considering we were UP for 8 straight days. Internals are negative by almost 4 to 1 on the downside.
Gold UP $13.50 @ $1544.10
Silver UP 8 cents @ $36.61
Oil Down $2.45
Canadian $ Down 38 tick @ 103.90
VIX UP 4.01% @ 16.59..muted reaction..good for bulls
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG
Most stocks are Down
@ 12.32 following are green :
GG,SVM,BWLD,WYNN,LVS,SLW,VMW,
MPEL,SOHU,AAPL,PWRD,KGC...
BLOG does NOT give buy or sell.
Saleem
Thursday, July 7, 2011
Nasdaq UP Eight day's in a row....NICE !!!!
Nasdaq is the strongest with a winning streak of eight day's.
Nasdaq closed @ 2872.66
Nasdaq 2011 high 2887.75
Nasdaq only 15.10 points from making a new 3 yr high.
Nasdaq RSI is 69.39
IF you have been observing, many stocks are making series of all time highs. This happens only in a "major bull run". We need to let the market take our stocks as high as it can go. This is NOT a traders market, IF you trade then you are trading away your profit. This is hard to understand, because we were used to volatile markets in the last 3 yrs.I am observing TAPE action which is very strong, which happens once in 10 yrs.
YES..stocks MAY pullback few points to regroup its technical strength, but they are headed much higher. I am NOT smart enough to time trades in a bull market.
Internals of the market were strong.
SO...it is all about "jobs report" which is expected to show job growth of 90 K in non-farm payroll and 110 K in private job growth...market is in the process of making new highs..Job growth or not. It is NOT about consensus for June, but it is about TREND in the economy.Worldwide economic issues are being resolved, so "no panic in the air"...this is all we need to move forward.
Stocks which were UP 2% or more included ATML,WYNN,FCX,
RVBD,RIMM,LVS,CNQ,PCLN,GOOG,IBN,M,V,SU,JDSU,CIEN,
FNSR,ARUN,CRUS.....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Nasdaq closed @ 2872.66
Nasdaq 2011 high 2887.75
Nasdaq only 15.10 points from making a new 3 yr high.
Nasdaq RSI is 69.39
IF you have been observing, many stocks are making series of all time highs. This happens only in a "major bull run". We need to let the market take our stocks as high as it can go. This is NOT a traders market, IF you trade then you are trading away your profit. This is hard to understand, because we were used to volatile markets in the last 3 yrs.I am observing TAPE action which is very strong, which happens once in 10 yrs.
YES..stocks MAY pullback few points to regroup its technical strength, but they are headed much higher. I am NOT smart enough to time trades in a bull market.
Internals of the market were strong.
SO...it is all about "jobs report" which is expected to show job growth of 90 K in non-farm payroll and 110 K in private job growth...market is in the process of making new highs..Job growth or not. It is NOT about consensus for June, but it is about TREND in the economy.Worldwide economic issues are being resolved, so "no panic in the air"...this is all we need to move forward.
Stocks which were UP 2% or more included ATML,WYNN,FCX,
RVBD,RIMM,LVS,CNQ,PCLN,GOOG,IBN,M,V,SU,JDSU,CIEN,
FNSR,ARUN,CRUS.....
AH Futures UP
AH Asian markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All Indices UP & nearing 52 wk HIGH......NICE !!!!
Indices are marching towards making new 52 wk high.S&P 500 is only 19 points from new high.
Nasdaq RSI is 69.40.....more room to run...Nasdaq is UP the most @ 1.35%
Internals are UP almost 4 to 1
Gold UP $4.40 @ $1533.10...looking good $$$$$ Spot price
Silver UP 44 cents @ $36.35..also looking strong $$$$ Spot price
Oil UP $1.45 @ $98.10 Spot price
Canadian $ UP 75 tick @ 104.33
VIX Down 3.61% @ 15.75
In my portfolio :
Added 150% more GG @ $49.88...it is ready for a "breakout" @ $50.51 for a target of $53.35 as per www.stockconsultant.com
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG....
Majority of stocks are UP
@ 12.37 following are Down :
SBUX,NTES,MPEL,VMW,BWLD,PLCM,JKS,
JASO,STP,NVDA,AUY,KGC,LDK,CCJ,KGC,
AEM....
BLOG does NOT give buy or sell.
Saleem
Nasdaq RSI is 69.40.....more room to run...Nasdaq is UP the most @ 1.35%
Internals are UP almost 4 to 1
Gold UP $4.40 @ $1533.10...looking good $$$$$ Spot price
Silver UP 44 cents @ $36.35..also looking strong $$$$ Spot price
Oil UP $1.45 @ $98.10 Spot price
Canadian $ UP 75 tick @ 104.33
VIX Down 3.61% @ 15.75
In my portfolio :
Added 150% more GG @ $49.88...it is ready for a "breakout" @ $50.51 for a target of $53.35 as per www.stockconsultant.com
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG....
Majority of stocks are UP
@ 12.37 following are Down :
SBUX,NTES,MPEL,VMW,BWLD,PLCM,JKS,
JASO,STP,NVDA,AUY,KGC,LDK,CCJ,KGC,
AEM....
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 6, 2011
Nasdaq UP seven day's in a row......NICE !!!!!
Indices ignored many negative news from which came from China, Portugal & USA. All indices closed UP, while Nasdaq made it seven in a row.
Internals were positive.
Next two days are all about jobs, which MAY have been discounted or reaction may be short lived.
The trend of the market is UP....
July MAY turn out to be the best month of 2011......
Markets are giving signal that it wants to move higher.
Many participants may end up chasing this market.
Stocks which were UP 2% or more included LULU,SVM,TZOO,UXG,
PLCM,SLW,AG,VMW,FFIV....
AH Futures UP
AH Asian markets mostly Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Internals were positive.
Next two days are all about jobs, which MAY have been discounted or reaction may be short lived.
The trend of the market is UP....
July MAY turn out to be the best month of 2011......
Markets are giving signal that it wants to move higher.
Many participants may end up chasing this market.
Stocks which were UP 2% or more included LULU,SVM,TZOO,UXG,
PLCM,SLW,AG,VMW,FFIV....
AH Futures UP
AH Asian markets mostly Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
China raises interest rates plus poor economic data....but market is UP...NICE !!!!
Today China raised interest rate earlier than planned & US economic data came in lower than expected, but all indices are UP.
This is how strong bull markets acts.
Internals are mixed.
Gold UP $14.20
Oil Down 15 cents
Canadian $ Down 25 tick @ 103.57
VIX UP 2.43% @ 16.45
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG
More stocks are down
@ 12.38 following are UP :
TZOO,LULU,SVM,UXG,GG,AAPL,WYNN,
SINA,PLCM,SLW,AG,FFIV,VMW,CMG,
GOOG,PCLN,AUY,PWRD,AEM.....
BLOG does NOT give buy or sell.
Saleem
This is how strong bull markets acts.
Internals are mixed.
Gold UP $14.20
Oil Down 15 cents
Canadian $ Down 25 tick @ 103.57
VIX UP 2.43% @ 16.45
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG
More stocks are down
@ 12.38 following are UP :
TZOO,LULU,SVM,UXG,GG,AAPL,WYNN,
SINA,PLCM,SLW,AG,FFIV,VMW,CMG,
GOOG,PCLN,AUY,PWRD,AEM.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, July 5, 2011
Nasdaq UP six days in a row...NICE !!!!
Nasdaq was UP again, while other indices were slightly lower.
Internals were slightly negative.
I am sure lot of traders are "surprised" by the strength of this market. When RSI goes to 30 area either in indices or stocks, it means we are deeply oversold & uptrend will start from nowhere. Like before, this uptrend caught majority in either short position or were out of the market.
Here is RSI of indices @ close :
S&P 500 62.98
Dow 63.74
Nasdaq 64.82
If you ask me, even today investors,traders & hedge funds are playing catch up. We have lot of buying left in this market. YES..we may pullback for a day sharply on news like bad jobs report due Friday or negative news out of Europe, but this uptrend remains in tact.
I feel, we have a very good chance of reaching 80 RSI in this move by end of July. When a strong bull market develops it is fast & furious, just the way it is unfolding.
Here is RSI in many popular names as of tonight :
APKT 58.62
SINA 62.43
AAPL 63.57
RVBD 65.12
BIDU 67.29
TZOO 67.36
NTES 69.09
AMZN 72.41
NFLX 73.27
LULU 76.72
MPEL 77.59
CMG 78.45
As you can see, many stocks are still attractive relative to others.BUT..this is a MOMENTUM market & high RSI can become higher. A diversified approach will work.
AH Futures UP
AH Asian markets mostly lower
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were slightly negative.
I am sure lot of traders are "surprised" by the strength of this market. When RSI goes to 30 area either in indices or stocks, it means we are deeply oversold & uptrend will start from nowhere. Like before, this uptrend caught majority in either short position or were out of the market.
Here is RSI of indices @ close :
S&P 500 62.98
Dow 63.74
Nasdaq 64.82
If you ask me, even today investors,traders & hedge funds are playing catch up. We have lot of buying left in this market. YES..we may pullback for a day sharply on news like bad jobs report due Friday or negative news out of Europe, but this uptrend remains in tact.
I feel, we have a very good chance of reaching 80 RSI in this move by end of July. When a strong bull market develops it is fast & furious, just the way it is unfolding.
Here is RSI in many popular names as of tonight :
APKT 58.62
SINA 62.43
AAPL 63.57
RVBD 65.12
BIDU 67.29
TZOO 67.36
NTES 69.09
AMZN 72.41
NFLX 73.27
LULU 76.72
MPEL 77.59
CMG 78.45
As you can see, many stocks are still attractive relative to others.BUT..this is a MOMENTUM market & high RSI can become higher. A diversified approach will work.
AH Futures UP
AH Asian markets mostly lower
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices mixed after 5 day upturn......
Indices are marking time after huge move for 5 consecutive days. Only Nasdaq is green by .16%.
Internals are negative.
Oil UP $1.91
Gold UP $26.30
Canadian $ down 4 tick @ 104.09
VIX UP 1.2% @ 16.06
Portfolio is ATML,GG,LULU,SOL.SVM,TZOO,UXG
More stocks are Down
@ 12.30 following are UP :
TZOO,SVM,LULU,UXG,ATML,GG,AAPL,
BIDU,NFLX,AMZN,WYNN,NTES,SINA,
SLW,AG,CMG,CNQ,GOOG,SOHU,PCLN,
APKT,SU,SNDK,ARUN,IGTE,KGC,AUY,
ABX,AEM,BWLD....
BLOG does NOT give buy or sell.
Saleem
Internals are negative.
Oil UP $1.91
Gold UP $26.30
Canadian $ down 4 tick @ 104.09
VIX UP 1.2% @ 16.06
Portfolio is ATML,GG,LULU,SOL.SVM,TZOO,UXG
More stocks are Down
@ 12.30 following are UP :
TZOO,SVM,LULU,UXG,ATML,GG,AAPL,
BIDU,NFLX,AMZN,WYNN,NTES,SINA,
SLW,AG,CMG,CNQ,GOOG,SOHU,PCLN,
APKT,SU,SNDK,ARUN,IGTE,KGC,AUY,
ABX,AEM,BWLD....
BLOG does NOT give buy or sell.
Saleem
Monday, July 4, 2011
Most of world markets closed UP on Monday...NICE !!!!
Monday is starting on a bullish note.
Asian markets were UP strongly with gains of 1.6%
European markets were UP mostly except CAC was down .11%
Toronto was UP .65%
Many stocks were UP including LULU,SVM,
POT,CNQ,TLM,AUY,RIMM,AGU to name a few.
In my portfolio :
Bought GG @ CAD $46.74
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG....
AH Futures UP
AH Asian Markets mostly UP
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Asian markets were UP strongly with gains of 1.6%
European markets were UP mostly except CAC was down .11%
Toronto was UP .65%
Many stocks were UP including LULU,SVM,
POT,CNQ,TLM,AUY,RIMM,AGU to name a few.
In my portfolio :
Bought GG @ CAD $46.74
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG....
AH Futures UP
AH Asian Markets mostly UP
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Sunday, July 3, 2011
Markets made a major move when majority were on the sideline.....NICE !!!!
SO, here we are sitting @ 1339.67 in S&P 500.
Majority of investors / traders were scared into selling near lows as CNBC gurus made a list of 10 things to resolve before we could move UP.That laundry list has only ONE resolution & we ran UP five days in a row.
The trouble with CNBC gurus are, that they have no real accomplishment as a trader or advisor. @ best they post mediocre result based on published data, but due to power of their CNBC shows they can impart terrible advice with impunity.
The purpose of this intro is, try to understand markets on your own due diligence. Know your stocks well, even when they are going down due to market condition.
Always be in the market even when there is tremendous gloom. You may have to cut exposure but be in the best stocks based on your own due diligence.
Markets had the-best weekly gain since March 2009.....
VIX got clobbered 24.8%, fastest drop since Aug 2007......
UP volume led by 11.19 to 1 in NYSE & 8.59 to 1 in Nasdaq on Friday
We had new 52 wk highs @ 169 in NYSE & 143 in Nasdaq
Investors participation in equity are @ the lowest in 9 months......
Fixed Income exposure @ highest level in 25 months......
S&P 500 RSI is @ 63.76...
S&P 500 gained 6.10% from recent lows......
SO..what all these stat means for investors & traders.....
It means, that this market rallied in a hurry with many investors in safety mode. Hedge funds were also making their move mid way through this rally, so hedge funds are also under-invested.
All this means that there is more firepower left in this rally, there is a very good chance that we may make new 52 wk highs.
NOW..the question is, do we pause for few days with some pullback or jump towards old high of 1370.58 then pull back......
IF i have to guess, i say we move towards 1370 area, even make a nominal high then pull back.
Lot of technicians are fixated in VIX , which is @ level where markets have pulled back before & they are predicting same starting Tuesday...but I disagree.We may make a new lower level in VIX before we pull back.
I will not be surprised IF we move further UP to make new intraday highs.
RSI should go to 70 area.......
As there is tremendous "catching up" to take place, we are looking good.
Markets is also looking to Q2 earnings report, which is another catalyst.
BUT a slight pullback is not such a bad idea.
There are many sectors which has not participated in this rally like gold, silver, oil,ag,solar to name few.
It may be prudent to position in lagging stocks with good earning potential. Again, not all stocks in a sector are the same.
Markets are looking healthy based on technicals & seasonality.
Try to have a well diversified portfolio in many sectors.
It is OK to book profit also & rotate money.
Good luck with your own due diligence.
BLOG does NOT give buy or sell.
PS....World markets are open on Monday inculding Toronto. I will give a recap around 9 PM.
Saleem
Majority of investors / traders were scared into selling near lows as CNBC gurus made a list of 10 things to resolve before we could move UP.That laundry list has only ONE resolution & we ran UP five days in a row.
The trouble with CNBC gurus are, that they have no real accomplishment as a trader or advisor. @ best they post mediocre result based on published data, but due to power of their CNBC shows they can impart terrible advice with impunity.
The purpose of this intro is, try to understand markets on your own due diligence. Know your stocks well, even when they are going down due to market condition.
Always be in the market even when there is tremendous gloom. You may have to cut exposure but be in the best stocks based on your own due diligence.
Markets had the-best weekly gain since March 2009.....
VIX got clobbered 24.8%, fastest drop since Aug 2007......
UP volume led by 11.19 to 1 in NYSE & 8.59 to 1 in Nasdaq on Friday
We had new 52 wk highs @ 169 in NYSE & 143 in Nasdaq
Investors participation in equity are @ the lowest in 9 months......
Fixed Income exposure @ highest level in 25 months......
S&P 500 RSI is @ 63.76...
S&P 500 gained 6.10% from recent lows......
SO..what all these stat means for investors & traders.....
It means, that this market rallied in a hurry with many investors in safety mode. Hedge funds were also making their move mid way through this rally, so hedge funds are also under-invested.
All this means that there is more firepower left in this rally, there is a very good chance that we may make new 52 wk highs.
NOW..the question is, do we pause for few days with some pullback or jump towards old high of 1370.58 then pull back......
IF i have to guess, i say we move towards 1370 area, even make a nominal high then pull back.
Lot of technicians are fixated in VIX , which is @ level where markets have pulled back before & they are predicting same starting Tuesday...but I disagree.We may make a new lower level in VIX before we pull back.
I will not be surprised IF we move further UP to make new intraday highs.
RSI should go to 70 area.......
As there is tremendous "catching up" to take place, we are looking good.
Markets is also looking to Q2 earnings report, which is another catalyst.
BUT a slight pullback is not such a bad idea.
There are many sectors which has not participated in this rally like gold, silver, oil,ag,solar to name few.
It may be prudent to position in lagging stocks with good earning potential. Again, not all stocks in a sector are the same.
Markets are looking healthy based on technicals & seasonality.
Try to have a well diversified portfolio in many sectors.
It is OK to book profit also & rotate money.
Good luck with your own due diligence.
BLOG does NOT give buy or sell.
PS....World markets are open on Monday inculding Toronto. I will give a recap around 9 PM.
Saleem
Friday, July 1, 2011
Market UP 1.18% to 1.34% again.......NICE !!!!
Indices are marching on UP for five straight days. Even weekly option expiry has market makers support which means MM are long this market @ this level.
Gold Down $18.60
Oil Down 37 cents
Canadian $ UP 41 tick @ 104.14
VIX Down 8.11% @ 15.18...near 52 wk low
In my portfolio :
Doubled my position in UXG @ $5.80
Portfolio is ATML,LULU ( new all time high @ $114.90 ),SOL,SVM,TZOO,UXG
Most stocks are UP
@ 2.15 following are RED :
SVM,UXG,SLW,AG,GG,VMW,MOS,RIMM,
LDK,ABX,AEM...
BLOG does NOT give buy or sell.
PS...enjoy your long weekend with friends & family.Next post on Sunday by 2 PM.
Saleem
Gold Down $18.60
Oil Down 37 cents
Canadian $ UP 41 tick @ 104.14
VIX Down 8.11% @ 15.18...near 52 wk low
In my portfolio :
Doubled my position in UXG @ $5.80
Portfolio is ATML,LULU ( new all time high @ $114.90 ),SOL,SVM,TZOO,UXG
Most stocks are UP
@ 2.15 following are RED :
SVM,UXG,SLW,AG,GG,VMW,MOS,RIMM,
LDK,ABX,AEM...
BLOG does NOT give buy or sell.
PS...enjoy your long weekend with friends & family.Next post on Sunday by 2 PM.
Saleem
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