Indices in US followed world markets which had the worst quarter since 2008. European Stoxx Europe 600 index closed Q3 down 17%+...
S&P 500 closed near low of the day @ 1131.42
RSI @ 40.95
Oil closed @ $78.67 down $3.47
Gold closed @ $1621.20 UP $5.70
VIX closed @ 42.96 + 10.61%
Internals were negative by almost 4 to 1 while Down volume led by 9.25 to 1 in Nasdaq.
New 52 wk lows were 383 in NYSE & 230 in Nasdaq
Stocks which ended green included AUY,GG,ABX,AEM,
GHDX,KGC......
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Friday, September 30, 2011
Sold AUY & MU.....
Sold AUY
Sold MU
Portfolio is RIMM & LULU
Market exposure 24.4%
BLOG does NOT give buy or sell.
Saleem
Sold MU
Portfolio is RIMM & LULU
Market exposure 24.4%
BLOG does NOT give buy or sell.
Saleem
Thursday, September 29, 2011
Indices closed Mixed.....
Indices closed mixed in an UP DOWN session.
S&P 500 closed @ 1160.40..low today 1139.93 while high was 1175.87...as you can see there was an intraday swing of 35.94 points or 3.05% from low to high.....
Internals were positive by 50%
Oil closed @ $82.14
Gold closed @ $1617.30
MU earning was well below expectations...AH it was down 3.41%.....
Today's TAPE was an extreme let down, because of a major downdraft in BIDU, which i had held for a while. Accounting probe of unknown Chinese company took a toll in many Chinese companies FMCN,YOKU,SINA & BIDU to name a few.
It is tough enough dealing with all the cross current of this market, but when a stock loss is in excess of 14% in a day on unknown reason for BIDU...it is hard to make any sense of current market environment.....
Technology TAPE is extremely weak for most stocks, although we are coming to traditionally strong Q4, BUT tech demand is weakening due to economic condition......
I am going through a major rethink of how to position in this market.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1160.40..low today 1139.93 while high was 1175.87...as you can see there was an intraday swing of 35.94 points or 3.05% from low to high.....
Internals were positive by 50%
Oil closed @ $82.14
Gold closed @ $1617.30
MU earning was well below expectations...AH it was down 3.41%.....
Today's TAPE was an extreme let down, because of a major downdraft in BIDU, which i had held for a while. Accounting probe of unknown Chinese company took a toll in many Chinese companies FMCN,YOKU,SINA & BIDU to name a few.
It is tough enough dealing with all the cross current of this market, but when a stock loss is in excess of 14% in a day on unknown reason for BIDU...it is hard to make any sense of current market environment.....
Technology TAPE is extremely weak for most stocks, although we are coming to traditionally strong Q4, BUT tech demand is weakening due to economic condition......
I am going through a major rethink of how to position in this market.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
MU Beats on Sales, EPS loss of 14 cents...
MU ER were as follows :
Sales $2.14 Billion vs expectations of $2.11 Billion..a beat
EPS loss of 14 cents VS expectations of 1 cent profit
Loss resulted from sharply lower DRAM prices....
MU AH Bid $5.71 Ask $5.74..closed @ $5.87
MU has been beaten down, thus behaving OK in AH Down 14 cents.
CC is @ 5.30 PM...i will not listen to cc.
BLOG does NOT give buy or sell.
Saleem
Sales $2.14 Billion vs expectations of $2.11 Billion..a beat
EPS loss of 14 cents VS expectations of 1 cent profit
Loss resulted from sharply lower DRAM prices....
MU AH Bid $5.71 Ask $5.74..closed @ $5.87
MU has been beaten down, thus behaving OK in AH Down 14 cents.
CC is @ 5.30 PM...i will not listen to cc.
BLOG does NOT give buy or sell.
Saleem
Indices Mixed.....
Dow is green, while Nasdaq is down 2.13%...
S&P 500 @ 1144.....
Internals are positive in NYSE & Negative in Nasdaq
IF i have to guess, it is all about Weekly Option Expiry which expires on Friday....
Nasdaq stocks are taking on the chin & in deep red....
Oil UP $1.20
Gold Down 20 cents
Canadian $ Down 15 tick @ 96.53
VIX UP .22%@ 41.17..real surprise when Nasdaq is so weak ?
In my portfolio :
Sold BIDU
Sold AMZN
Sold PMCS
Portfolio is LULU,MU,RIMM,AUY
MU reports AH, expectations are Sales $2.14 billion & EPS of 2 cents ..expectations for next Q is Sales $2.28 Billion & EPS of 9 cents....
Most stocks are Down
@ 2.16 following are green :
GLD,SLV,IBN,KGC,BAC,C....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1144.....
Internals are positive in NYSE & Negative in Nasdaq
IF i have to guess, it is all about Weekly Option Expiry which expires on Friday....
Nasdaq stocks are taking on the chin & in deep red....
Oil UP $1.20
Gold Down 20 cents
Canadian $ Down 15 tick @ 96.53
VIX UP .22%@ 41.17..real surprise when Nasdaq is so weak ?
In my portfolio :
Sold BIDU
Sold AMZN
Sold PMCS
Portfolio is LULU,MU,RIMM,AUY
MU reports AH, expectations are Sales $2.14 billion & EPS of 2 cents ..expectations for next Q is Sales $2.28 Billion & EPS of 9 cents....
Most stocks are Down
@ 2.16 following are green :
GLD,SLV,IBN,KGC,BAC,C....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 28, 2011
Indices closed Down 1.61% to 2.17%.....
Indices closed near lows of the day on "no news".....
Media (CNBC) explanation for this slump was German vote...BUT DAX closed Down only .89% while US indices slumped as much as 2.17%.....explanation for today's slump is "bizarre" as far as i am concerned.
HFT has total control of this market & they can increase the NOISE level on any non-issue through CNBC......
S&P 500 closed @ 1151.06 with RSI @ 43.89......S&P went UP from 1114 to 1195 for a gain of 81 points or 7.27%.....then from 1195 to 1151 DOWN 44 points or 3.7%...so HFT is driving this market @ will..all this in FOUR trading days......while news flow has not changed @ all??????
Internals of this market were :
Down volume led by 26.04 to 1 in NYSE & 15.08 to 1 in Nasdaq
Declining stocks led by 4.78 to 1 in NYSE & 5.30 to 1 in Nasdaq
As you can clearly see that Down volume was pushed hard by HFT while declining ratio is relatively tame......it has HFT written all over it.......
I bought LULU @ $53.34
I analyzed RSI for my stocks after close & it is very interesting :
AMZN 57.73
BIDU 33.36
LULU 44.21
MU 43.48
RIMM 33.33
AUY 35.16
PMCS 48.98
Who could have guessed that RSI of BIDU & RIMM could be same? OR MU or LULU could be so close ?...all i can say that valuation have gone totally out of sync..
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Media (CNBC) explanation for this slump was German vote...BUT DAX closed Down only .89% while US indices slumped as much as 2.17%.....explanation for today's slump is "bizarre" as far as i am concerned.
HFT has total control of this market & they can increase the NOISE level on any non-issue through CNBC......
S&P 500 closed @ 1151.06 with RSI @ 43.89......S&P went UP from 1114 to 1195 for a gain of 81 points or 7.27%.....then from 1195 to 1151 DOWN 44 points or 3.7%...so HFT is driving this market @ will..all this in FOUR trading days......while news flow has not changed @ all??????
Internals of this market were :
Down volume led by 26.04 to 1 in NYSE & 15.08 to 1 in Nasdaq
Declining stocks led by 4.78 to 1 in NYSE & 5.30 to 1 in Nasdaq
As you can clearly see that Down volume was pushed hard by HFT while declining ratio is relatively tame......it has HFT written all over it.......
I bought LULU @ $53.34
I analyzed RSI for my stocks after close & it is very interesting :
AMZN 57.73
BIDU 33.36
LULU 44.21
MU 43.48
RIMM 33.33
AUY 35.16
PMCS 48.98
Who could have guessed that RSI of BIDU & RIMM could be same? OR MU or LULU could be so close ?...all i can say that valuation have gone totally out of sync..
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices Down .89% to 1.40% .....
Indices are near lows of the day due to jitteriness by investors & traders.
Internals are negative by 3 to 1
Oil Down $2.52
Gold Down $35
Canadian $ Down 67 tick @ 97.36
VIX UP 6.13% @ 40.02
Portfolio AMZN,BIDU,MU,RIMM,AUY,PMCS.....
Most stocks are Down
@ 2.07 following are Green :
AMZN,JCP,HSOL....
BLOG does NOT give buy or sell.
Saleem
Internals are negative by 3 to 1
Oil Down $2.52
Gold Down $35
Canadian $ Down 67 tick @ 97.36
VIX UP 6.13% @ 40.02
Portfolio AMZN,BIDU,MU,RIMM,AUY,PMCS.....
Most stocks are Down
@ 2.07 following are Green :
AMZN,JCP,HSOL....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 27, 2011
Indices closed UP 1.07% to 1.33%....NICE !!!!
Indices had another strong day & closed UP.
S&P 500 went to 1195.86, but profit taking took it down to 1175.38 @ close.
Internals of the market were positive by 4 to 1
VIX closed down 3.36% @ 37.71
Most of the TV gurus are in a panic mode & afraid of this market. Their guidance have been to stay out until all is clear, BUT then take credit for any "surprise UP days"......
Technicians are the-most bearish group as their dots are scaring them, there is more to this market now than "past charts"......YES we may pullback for a day or so from "overbought conditions" BUT we are headed higher in this run.....
It will be prudent to buy your favourite stocks when it is DOWN than UP.......
I personally believe, that Europe is on the mend which had crippled this market for five months.So any rally should have a lasting power......
IF we look @ RSI in S&P 500 it is @ 48.31...which is still in buy zone.....
Stocks which were UP 4% or more included BIDU,RIMM,SINA,SLV,
NTES,MPEL,CIEN......
AH Futures Down
AH Asian Markets Mixed
AH Oil,Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1195.86, but profit taking took it down to 1175.38 @ close.
Internals of the market were positive by 4 to 1
VIX closed down 3.36% @ 37.71
Most of the TV gurus are in a panic mode & afraid of this market. Their guidance have been to stay out until all is clear, BUT then take credit for any "surprise UP days"......
Technicians are the-most bearish group as their dots are scaring them, there is more to this market now than "past charts"......YES we may pullback for a day or so from "overbought conditions" BUT we are headed higher in this run.....
It will be prudent to buy your favourite stocks when it is DOWN than UP.......
I personally believe, that Europe is on the mend which had crippled this market for five months.So any rally should have a lasting power......
IF we look @ RSI in S&P 500 it is @ 48.31...which is still in buy zone.....
Stocks which were UP 4% or more included BIDU,RIMM,SINA,SLV,
NTES,MPEL,CIEN......
AH Futures Down
AH Asian Markets Mixed
AH Oil,Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices UP 2.70% & 2.83%......NICE !!!!!
Indices are UP about 2.7% on renewed OPTIMISM about European debt crisis.
Internals are UP from 5 to 1 to 15 to 1
Oil UP $3.62
Gold UP $62.20
Canadian $ UP 1.06 cent @ 98.24
VIX Down 8.28% @ 35.79
In my portfolio :
Bought AMZN @ $223.90
Bought MU @ $6.61..reports AH on Thursday
Portfolio is AMZN,BIDU,MU,PMCS,AUY,RIMM
Most stocks are UP
@ 1.56 following are Down :
AMZN,NFLX,CMG.....
BLOG does NOT give buy or sell.
Saleem
Internals are UP from 5 to 1 to 15 to 1
Oil UP $3.62
Gold UP $62.20
Canadian $ UP 1.06 cent @ 98.24
VIX Down 8.28% @ 35.79
In my portfolio :
Bought AMZN @ $223.90
Bought MU @ $6.61..reports AH on Thursday
Portfolio is AMZN,BIDU,MU,PMCS,AUY,RIMM
Most stocks are UP
@ 1.56 following are Down :
AMZN,NFLX,CMG.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 26, 2011
All Indices closed UP 1.35% to 2.53%.......NICE !!!!
S&P 500 closed @ 1162.95 a gain of 2.33%
All Indices closed UP
There was strength in Financials in today's UP move, bodes well for overall market.
Internals of the market were as follows :
UP volume led by 8.73 to 1 in NYSE & 3.35 to 1 in Nasdaq
Advancing Stocks led by 2.73 to 1 in NYSE & 1.80 to 1 in Nasdaq
BUT new 52 wk lows were 207 in NYSE & 182 in Nasdaq
VIX closed Down 5.41% @ 39.02...still not going down as much on strong days BUT jumps much more on down days ?
Oil Closed @ $80.24
Gold Closed @ $1594.80..after testing its major support
Stocks which were UP 3% or more included AUY,FAS,APKT,
CNQ,JCP,POT,ULTA,RBND,M,SU,ARUN,BAC,C....
AH Futures Down
AH Asian Markets UP
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
All Indices closed UP
There was strength in Financials in today's UP move, bodes well for overall market.
Internals of the market were as follows :
UP volume led by 8.73 to 1 in NYSE & 3.35 to 1 in Nasdaq
Advancing Stocks led by 2.73 to 1 in NYSE & 1.80 to 1 in Nasdaq
BUT new 52 wk lows were 207 in NYSE & 182 in Nasdaq
VIX closed Down 5.41% @ 39.02...still not going down as much on strong days BUT jumps much more on down days ?
Oil Closed @ $80.24
Gold Closed @ $1594.80..after testing its major support
Stocks which were UP 3% or more included AUY,FAS,APKT,
CNQ,JCP,POT,ULTA,RBND,M,SU,ARUN,BAC,C....
AH Futures Down
AH Asian Markets UP
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices Mixed......
Dow & S&P 500 are UP, while Nasdaq is showing weakness by 1.02%
S&P 500 low today so far is 1131.07, currently 1138.63
Nasdaq weakness is "surprising".....
Internals are Negative by 2 to 1
Oil UP 38 cents
Gold Down $32.40...getting very close to major support around $1560 area
Canadian $ Down 67 tick @ 96.63
VIX UP by 2.28% @ 42.19...extremely troubling for bulls ?
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are down
@ 1.39 following are UP :
FAS,JCP,ULTA,RVBD,IBN,M,SU,C,BAC,
VAR,FCX,FWLT.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today so far is 1131.07, currently 1138.63
Nasdaq weakness is "surprising".....
Internals are Negative by 2 to 1
Oil UP 38 cents
Gold Down $32.40...getting very close to major support around $1560 area
Canadian $ Down 67 tick @ 96.63
VIX UP by 2.28% @ 42.19...extremely troubling for bulls ?
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are down
@ 1.39 following are UP :
FAS,JCP,ULTA,RVBD,IBN,M,SU,C,BAC,
VAR,FCX,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 25, 2011
CAN S&P 500 rally after making a Quadruple bottom ?
S&P 500 has tested its support four times since 2nd week of August 2011....
1101.54...1121.09...1136.07....1114.22...currently we sit @ 1136.43
RSI in S&P 500 is 39.72
Market has been trying to discount Europe, Asia & US
slowdown...that is why it is stuck in a very narrow range since August...
Anytime RSI is in 30+++ range, it is PRUDENT to start buying.
Once we have "real resolution" of some issues, market will go UP in a big hurry.
It is important NOT to focus on "absolute lowest prices" we all miss it 99% of the time.....
Markets are down for almost five straight months, which means "major capitulation" is going on.
Slowing economy & Libyan oil flow is taking a toll in Oil prices...closed @ $79.85
Gold prices have lost almost $300 per oz, as margin calls took its toll in bullion pullback. Closed @ $1639.80
Silver closed @ $30.10..saw a drop of 17.7% in one day on Friday ?
Now as to targets on the UP move, here are few to keep in mind for S&P 500 :
1213.75 then 1220.39 then 1230.71...then we will evaluate....
I am expecting a minimum gain in S&P 500 of 77.32 points or +6.8% from Friday's close....
Many stocks have come down to "serious bargain levels"...a diversified approach is highly recommended .
Here are RSI numbers for popular stocks as of Friday :
AAPL 60.43
AMZN 54.78
*PMCS 50.34
LULU 49.74
PCLN 48.09
GOOG 44.09
JCP 42.47
APKT 41.77
*AUY 35.10
GG 34.15
MGA 34.11
*BIDU 34.16
*RIMM 28.08
POT 24.50
TSL 23.51
JKS 18.56
* Denotes my portfolio.
As you can clearly see that some stocks are "screaming buys"
NOW...everyone wants to know....IF we can go
LOWER...YES...that is ALWAYS a probability....BUT we MAY come back UP same day in a V pattern......
Serious money is always made, when you buy when negativity is @ extreme. Current market environment is more than "extremely negative"
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
1101.54...1121.09...1136.07....1114.22...currently we sit @ 1136.43
RSI in S&P 500 is 39.72
Market has been trying to discount Europe, Asia & US
slowdown...that is why it is stuck in a very narrow range since August...
Anytime RSI is in 30+++ range, it is PRUDENT to start buying.
Once we have "real resolution" of some issues, market will go UP in a big hurry.
It is important NOT to focus on "absolute lowest prices" we all miss it 99% of the time.....
Markets are down for almost five straight months, which means "major capitulation" is going on.
Slowing economy & Libyan oil flow is taking a toll in Oil prices...closed @ $79.85
Gold prices have lost almost $300 per oz, as margin calls took its toll in bullion pullback. Closed @ $1639.80
Silver closed @ $30.10..saw a drop of 17.7% in one day on Friday ?
Now as to targets on the UP move, here are few to keep in mind for S&P 500 :
1213.75 then 1220.39 then 1230.71...then we will evaluate....
I am expecting a minimum gain in S&P 500 of 77.32 points or +6.8% from Friday's close....
Many stocks have come down to "serious bargain levels"...a diversified approach is highly recommended .
Here are RSI numbers for popular stocks as of Friday :
AAPL 60.43
AMZN 54.78
*PMCS 50.34
LULU 49.74
PCLN 48.09
GOOG 44.09
JCP 42.47
APKT 41.77
*AUY 35.10
GG 34.15
MGA 34.11
*BIDU 34.16
*RIMM 28.08
POT 24.50
TSL 23.51
JKS 18.56
* Denotes my portfolio.
As you can clearly see that some stocks are "screaming buys"
NOW...everyone wants to know....IF we can go
LOWER...YES...that is ALWAYS a probability....BUT we MAY come back UP same day in a V pattern......
Serious money is always made, when you buy when negativity is @ extreme. Current market environment is more than "extremely negative"
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, September 23, 2011
Indices are all GREEN.....NICE !!!!
Indices are green after some hesitation in the morning.
S&P 500 low today was 1121.36 which is HIGHER low than yesterday of 1114, a significant improvement in technical picture...also we did NOT violate recent low of 1101......
Internals are positive by 2 to 1
Oil Down 28 cents
Gold Down $101.70...biggest 1 day loss in 5 yrs..currently @ $1637.50
Silver plunged 18%..worse 1 day decline since 1984
Canadian $ Down 5 tick @ 97.15.....
VIX UP 1.23% @ 41.86..this should be down BUT its NOT ?
Portfolio is BIDU,PMCS,RIMM, AUY
Most stocks are UP
@ 2.33 following are Down :
AUY,PMCS,AMZN,GG,CNQ,SLW,JCP,MOS,POT
LVS,WYNN,CMG,RVBD,AG,BWLD,KGC,
PLCM,FMCN,CCJ,ABX,AEM....
BLOG does NOT give buy or sell.
Next post by 2 PM Sunday...
Saleem
S&P 500 low today was 1121.36 which is HIGHER low than yesterday of 1114, a significant improvement in technical picture...also we did NOT violate recent low of 1101......
Internals are positive by 2 to 1
Oil Down 28 cents
Gold Down $101.70...biggest 1 day loss in 5 yrs..currently @ $1637.50
Silver plunged 18%..worse 1 day decline since 1984
Canadian $ Down 5 tick @ 97.15.....
VIX UP 1.23% @ 41.86..this should be down BUT its NOT ?
Portfolio is BIDU,PMCS,RIMM, AUY
Most stocks are UP
@ 2.33 following are Down :
AUY,PMCS,AMZN,GG,CNQ,SLW,JCP,MOS,POT
LVS,WYNN,CMG,RVBD,AG,BWLD,KGC,
PLCM,FMCN,CCJ,ABX,AEM....
BLOG does NOT give buy or sell.
Next post by 2 PM Sunday...
Saleem
Thursday, September 22, 2011
Indices closed ABOVE lows of the day....
Indices went in freefall in late afternoon.
But buyers stepped in again giving some lift to markets.
Indices closed down 3.19% to 3.25%
S&P 500 low today was 1114.22, but we closed @ 1129.56
Internals of the market were as follows :
Down volume led by 19.74 to 1 in NYSE & 12.22 to 1 in Nasdaq
Declining stocks led by 7.79 to 1 in NYSE & 5.64 to 1 in Nasdaq
New 52 wk lows were 758 in NYSE & 564 in Nasdaq...this stat is extreme, sign of capitulation ?
Many stocks are deeply oversold, thus are attractive buys. S&P 500 RSI is @ 38.07 which is an oversold indicator.It is important NOT to worry about positions in deep RED, but to evaluate IF it is the stock to keep or else switch it with better performing stocks.....plan AHEAD NOT look behind....I NEVER worry about what went WRONG but strategies to move AHEAD....NOBODY bats 100%, 55% is good enough in this extremely volatile market....
Oil Closed @ $80.51
Gold closed @ $1741.70
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
But buyers stepped in again giving some lift to markets.
Indices closed down 3.19% to 3.25%
S&P 500 low today was 1114.22, but we closed @ 1129.56
Internals of the market were as follows :
Down volume led by 19.74 to 1 in NYSE & 12.22 to 1 in Nasdaq
Declining stocks led by 7.79 to 1 in NYSE & 5.64 to 1 in Nasdaq
New 52 wk lows were 758 in NYSE & 564 in Nasdaq...this stat is extreme, sign of capitulation ?
Many stocks are deeply oversold, thus are attractive buys. S&P 500 RSI is @ 38.07 which is an oversold indicator.It is important NOT to worry about positions in deep RED, but to evaluate IF it is the stock to keep or else switch it with better performing stocks.....plan AHEAD NOT look behind....I NEVER worry about what went WRONG but strategies to move AHEAD....NOBODY bats 100%, 55% is good enough in this extremely volatile market....
Oil Closed @ $80.51
Gold closed @ $1741.70
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices plunges 3.36% to 3.92% in worldwide selling....
Indices are trading @ low of the day after European exchange showing almost 5% loss....
S&P 500 currently @ 1124.92 still above 1101 major support area.....We have a very good chance of closing ABOVE this low.......
Gold Down $74.60
Oil Down $ 5.25
Canadian $ Down 2.56 cent @ 96.56..means US$ is 3.44% HIGHER
VIX UP 10.05% @ 41.07...quite tame considering worldwide plunge...signalling a turn UP for equity ?
YES..it IS buying levels NOW......
Internals are negative from 5 to 1 to 10 to 1
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are down
@ 12.26 following are Green :
JKS,NFLX.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 currently @ 1124.92 still above 1101 major support area.....We have a very good chance of closing ABOVE this low.......
Gold Down $74.60
Oil Down $ 5.25
Canadian $ Down 2.56 cent @ 96.56..means US$ is 3.44% HIGHER
VIX UP 10.05% @ 41.07...quite tame considering worldwide plunge...signalling a turn UP for equity ?
YES..it IS buying levels NOW......
Internals are negative from 5 to 1 to 10 to 1
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are down
@ 12.26 following are Green :
JKS,NFLX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 21, 2011
Indices closed Down 2.01% to 2.94% on Fed decision.....
Fed as expected made decision to lower long term rates. Market reaction was negative.
There was nothing in Fed statement which was a surprise, but markets these days are extremely jittery on many front. When everything settled down, we discovered that US$ is strong, commodities are weak.
S&P 500 closed @ 1166.76 RSI @ 44.13....
VIX jumped 13.57% @ 37.32
Internals of the market were as follows :
Down volume led by 24.17 to 1 in NYSE & 4.84 to 1 in Nasdaq
Declining stocks led by 5.85 to 1 in NYSE & 4.89 to 1 in Nasdaq
New 52 wk lows were 279 in NYSE & 257 in Nasdaq
As to the support in S&P 500..here are some key numbers to look for on a closing basis :
1136...then 1121..... then 1101.......
Market sentiment can change in a hurry in this rangebound market.....
There were some stocks which closed green which included APKT,CMG,SNDK,PMCS,AMCC,CRUS......
AH Futures Down
AH Asian Markets Down
AH Oil,Gold & Silver Down
BLOG does NOT give buy or sell.
PS...had to leave to visit a friend, came later than planned..thus missing my mid-trading post.
Saleem
There was nothing in Fed statement which was a surprise, but markets these days are extremely jittery on many front. When everything settled down, we discovered that US$ is strong, commodities are weak.
S&P 500 closed @ 1166.76 RSI @ 44.13....
VIX jumped 13.57% @ 37.32
Internals of the market were as follows :
Down volume led by 24.17 to 1 in NYSE & 4.84 to 1 in Nasdaq
Declining stocks led by 5.85 to 1 in NYSE & 4.89 to 1 in Nasdaq
New 52 wk lows were 279 in NYSE & 257 in Nasdaq
As to the support in S&P 500..here are some key numbers to look for on a closing basis :
1136...then 1121..... then 1101.......
Market sentiment can change in a hurry in this rangebound market.....
There were some stocks which closed green which included APKT,CMG,SNDK,PMCS,AMCC,CRUS......
AH Futures Down
AH Asian Markets Down
AH Oil,Gold & Silver Down
BLOG does NOT give buy or sell.
PS...had to leave to visit a friend, came later than planned..thus missing my mid-trading post.
Saleem
Tuesday, September 20, 2011
Indices reversed by closing near low of the day.....
This jittery market showed its weakness by reacting to rumour about Greece may not get another bailout.
Indices were in the range of +.07 to -.86
Internals were negative 2 to 1
New 52 wk lows were 75 in NYSE & 98 in Nasdaq
Fed is expected to further ease long term rates, BUT Republican leadership in a letter is pressuring Bernanke to do nothing. This is a blatant interference in the independence of Federal Reserve.....politics in US is going from bad to worse.....pressure tactics being applied where it is NEVER done in past ?
Fed statement will be released @ 2.15 PM......
Gold closed @ $1809.10
Oil closed @ $86.89
VIX @ 32.86
AH news were greeted as follows :
ORCL +3.28%
ADBE +8.04%
CMG -.65%
Jimmy the Cramer was dumping on CMG, but AH effect was negligible....
AH Futures UP
AH Asian Markets Mixed
AH Oil,Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices were in the range of +.07 to -.86
Internals were negative 2 to 1
New 52 wk lows were 75 in NYSE & 98 in Nasdaq
Fed is expected to further ease long term rates, BUT Republican leadership in a letter is pressuring Bernanke to do nothing. This is a blatant interference in the independence of Federal Reserve.....politics in US is going from bad to worse.....pressure tactics being applied where it is NEVER done in past ?
Fed statement will be released @ 2.15 PM......
Gold closed @ $1809.10
Oil closed @ $86.89
VIX @ 32.86
AH news were greeted as follows :
ORCL +3.28%
ADBE +8.04%
CMG -.65%
Jimmy the Cramer was dumping on CMG, but AH effect was negligible....
AH Futures UP
AH Asian Markets Mixed
AH Oil,Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
Indices UP .91% to 1.29%......NICE !!!!
Indices are UP in anticipation of positive action by Fed on Wed.....
S&P 500 low today was 1201.29
Internals are positive by 50%
50 DMA is 1223.72...looks like that it wants to go higher than 50 DMA....
RSI 54.55
Gold UP $23.70
Oil UP 62 cents
Canadian $ Down 20 tick @ 100.74
VIX Down 3.15% @ 31.70
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are UP
@ 1.16 following are Down :
RIMM,BIDU,APKT,AMZN,PLCM,MRVL,SNDK,
SINA,MOS,POT,NFLX,ULTA,RVBD,NTES,MPEL,
CRM,JKS,TSL,C,CTRP,FMCN,SOHU,LDK,SOL,
CCJ,SNE,FCX,FWLT......
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was 1201.29
Internals are positive by 50%
50 DMA is 1223.72...looks like that it wants to go higher than 50 DMA....
RSI 54.55
Gold UP $23.70
Oil UP 62 cents
Canadian $ Down 20 tick @ 100.74
VIX Down 3.15% @ 31.70
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are UP
@ 1.16 following are Down :
RIMM,BIDU,APKT,AMZN,PLCM,MRVL,SNDK,
SINA,MOS,POT,NFLX,ULTA,RVBD,NTES,MPEL,
CRM,JKS,TSL,C,CTRP,FMCN,SOHU,LDK,SOL,
CCJ,SNE,FCX,FWLT......
BLOG does NOT give buy or sell.
Saleem
Monday, September 19, 2011
Indices closed Down .36% to .98%......
Indices fought its way back from support area......
TAPE is pointing to buying near support...
Internals were negative 3 to 1
New 52 wk lows were in lead
Oil closed @ $85.70
Gold closed @ $1778.90
VIX closed @ 32.73
Stocks which made 52 wk high included AMZN,AAPL,SBUX,CMG....this is pretty significant
that different sectors are making new highs, most of them all time highs...when TAPE was negative.
AH Italy got downgraded by S&P..which will test support of this market AGAIN
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
TAPE is pointing to buying near support...
Internals were negative 3 to 1
New 52 wk lows were in lead
Oil closed @ $85.70
Gold closed @ $1778.90
VIX closed @ 32.73
Stocks which made 52 wk high included AMZN,AAPL,SBUX,CMG....this is pretty significant
that different sectors are making new highs, most of them all time highs...when TAPE was negative.
AH Italy got downgraded by S&P..which will test support of this market AGAIN
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices Down 1.10% to 1.85% on Greece solvency.......
Indices were overbought & Greece gave another reason for accelerated selling.
Internals are negative by 5 to 1
S&P 500 went to 1188.36, 50% retracement of gains are normal......
Some stocks reach their trading lows on first day of selling ?
Oil Down $3.07
Gold Down $24.10
Canadian $ Down 1.44 cent @ 100.83
VIX UP 11.43% @ 34.52
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are Down
@ 1.51 following are UP :
LULU,SLW,SNDK,CMG,AAPL,WYNN,LVS,ULTA,
MPEL,MA,FMCN.....
BLOG does NOT give buy or sell.
Saleem
Internals are negative by 5 to 1
S&P 500 went to 1188.36, 50% retracement of gains are normal......
Some stocks reach their trading lows on first day of selling ?
Oil Down $3.07
Gold Down $24.10
Canadian $ Down 1.44 cent @ 100.83
VIX UP 11.43% @ 34.52
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are Down
@ 1.51 following are UP :
LULU,SLW,SNDK,CMG,AAPL,WYNN,LVS,ULTA,
MPEL,MA,FMCN.....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 18, 2011
Indices needs to build base AGAIN.........
S&P 500 went from 1136 to 1220 on Friday, a gain of 84 points or 7.39%, indices needs to rest here & build a new base. Indices should find strong support around 1200+-
SO...if we pull back on Monday & Tuesday...then it is another buying opportunity...
Wednesday Fed will give us good news around 2.15 PM, which should give market a boost. The way i see it, M,T & Wed AM should be a pullback time.....
Character of this market HAS changed for the better, no more breaching any major support.....any pullback is desirable & healthy @ this stage.
Many technicians are very nervous about this TAPE & expect 500 point drop again in a day...i totally disagree with this thesis.....pullbacks will be orderly & normal.....
We have a very good chance of hitting 1260, after basing which MAY last no more than three days....
Gold closed @ $1814....many so called gold bulls / technicians are rooting for $1600 for several months..BUT they are indulging in "text book technical analysis"...which does NOT work in extremely bullish TAPE...i am expecting new HIGHS in Gold....
Current reading on bulls & bears are as follows :
Bears 40.9%
Bulls 35.5%
This reading proves my thesis that after a "brief pause" we go HIGHER...these readings are great CONTRARY indicator....
SO..based on my thesis, you can relax & do nothing or build a position on weakness.....
Here is my $ allocation as of Friday's close :
RIMM 39.03%
BIDU 29.84%
AUY 22.12
PMCS 9.01%
Allocation is 92%, down from 105%
I am sure most of you are shocked @ my purchase of RIMM & its OVERWEIGHT in my portfolio. When all analysts & so-called pundits are overjoyed @ its dismal report....BUT majority are looking @ headline numbers only & NOT going in-depth.....On the CONTRARY, i see a tremendous buying opportunity which is saying "screaming BUY" based on Fundamental ANALYSIS....i wonder how many traders or show biz gurus do that?
Here is my fundamental analysis on RIMM based on comparison with AAPL & NOK :
AAPL Sales $100.32 billion, Market Cap $371.3 billion, PE 15.85
NOK Sales $58.77 Billion, Market Cap $23.03 billion, PE 9.14
RIMM Sales $20.57 billion, Market Cap 12.54 billion, PE 3.80
You can clearly see that market HAS over-reacted to RIMM results.....there is a "high probability" that RIMM could be taken over by AMZN,MSFT,DELL,HPQ,ORCL or some other international firms...The above numbers were taken from www.investing.money.msn.com
Final comment on RIMM, i do see RIMM beating current guidance form hereon.....next month they will preview QNX phones in their developers conference.....
Good luck with your your OWN analysis of markets.
BLOG does NOT give buy or sell.
PS...post was delayed due to visitors.
Saleem
SO...if we pull back on Monday & Tuesday...then it is another buying opportunity...
Wednesday Fed will give us good news around 2.15 PM, which should give market a boost. The way i see it, M,T & Wed AM should be a pullback time.....
Character of this market HAS changed for the better, no more breaching any major support.....any pullback is desirable & healthy @ this stage.
Many technicians are very nervous about this TAPE & expect 500 point drop again in a day...i totally disagree with this thesis.....pullbacks will be orderly & normal.....
We have a very good chance of hitting 1260, after basing which MAY last no more than three days....
Gold closed @ $1814....many so called gold bulls / technicians are rooting for $1600 for several months..BUT they are indulging in "text book technical analysis"...which does NOT work in extremely bullish TAPE...i am expecting new HIGHS in Gold....
Current reading on bulls & bears are as follows :
Bears 40.9%
Bulls 35.5%
This reading proves my thesis that after a "brief pause" we go HIGHER...these readings are great CONTRARY indicator....
SO..based on my thesis, you can relax & do nothing or build a position on weakness.....
Here is my $ allocation as of Friday's close :
RIMM 39.03%
BIDU 29.84%
AUY 22.12
PMCS 9.01%
Allocation is 92%, down from 105%
I am sure most of you are shocked @ my purchase of RIMM & its OVERWEIGHT in my portfolio. When all analysts & so-called pundits are overjoyed @ its dismal report....BUT majority are looking @ headline numbers only & NOT going in-depth.....On the CONTRARY, i see a tremendous buying opportunity which is saying "screaming BUY" based on Fundamental ANALYSIS....i wonder how many traders or show biz gurus do that?
Here is my fundamental analysis on RIMM based on comparison with AAPL & NOK :
AAPL Sales $100.32 billion, Market Cap $371.3 billion, PE 15.85
NOK Sales $58.77 Billion, Market Cap $23.03 billion, PE 9.14
RIMM Sales $20.57 billion, Market Cap 12.54 billion, PE 3.80
You can clearly see that market HAS over-reacted to RIMM results.....there is a "high probability" that RIMM could be taken over by AMZN,MSFT,DELL,HPQ,ORCL or some other international firms...The above numbers were taken from www.investing.money.msn.com
Final comment on RIMM, i do see RIMM beating current guidance form hereon.....next month they will preview QNX phones in their developers conference.....
Good luck with your your OWN analysis of markets.
BLOG does NOT give buy or sell.
PS...post was delayed due to visitors.
Saleem
Friday, September 16, 2011
Indices UP Five days in a row...NICE !!!!!
Indices are all UP, making five straight session of gains.
Internals are negative...
Gold UP $33.60
Oil Down $1.33
Canadian $ UP 42 tick @ 102.07
VIX Down 1.63% @ 31.45
In my portfolio :
Sold AMZN
Sold APKT
Sold PLCM
Bought RIMM @ $23.70
Added 100% AUY @ $16.36
Added 100% PMCS @ $6.64
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are Down
@ 3.27 following are green :
AMZN,AUY,APKT,AAPL,CMG,SLW,GLD,
JCP,GOOG,WYNN,GG,PCLN,CRM,FMCN,
PWRD,AEM,ABX,SNE....
BLOG does NOT give buy or sell.
Next post on Sunday by 2 PM
Saleem
Internals are negative...
Gold UP $33.60
Oil Down $1.33
Canadian $ UP 42 tick @ 102.07
VIX Down 1.63% @ 31.45
In my portfolio :
Sold AMZN
Sold APKT
Sold PLCM
Bought RIMM @ $23.70
Added 100% AUY @ $16.36
Added 100% PMCS @ $6.64
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are Down
@ 3.27 following are green :
AMZN,AUY,APKT,AAPL,CMG,SLW,GLD,
JCP,GOOG,WYNN,GG,PCLN,CRM,FMCN,
PWRD,AEM,ABX,SNE....
BLOG does NOT give buy or sell.
Next post on Sunday by 2 PM
Saleem
Thursday, September 15, 2011
Indices closed UP 1.34% to 1.72%.....four day rally NICE !!!!
Indices are showing their strength by being UP four straight days.
S&P 500 closed @ their absolute highest point of 1209.11 UP 6.43% since 1136.07
RSI @ 53.11, still looking good.....
Internals of the market were as follows :
UP volume led by 8.06 to 1 in NYSE & 3.95 to 1 in Nasdaq
Advancing stocks were in the lead by 3.26 to 1 in NYSE & 1.98 to 1 in Nasdaq
After telling everyone to WAIT & correction coming, Jimmy the Cramer decided to pretend as if this rally was his prediction...all smiles & telling everyone why this rally happened?
About this rally, we are entering the final stage. Once we are close to 1230, start booking profit or start reducing exposure...I will.
Stocks which were UP 1% or more included AMZN,
MRVL,CNQ,GOOG,VMW,ALTR,BWLD,QCOM,
CRM,IBN,MA,SU,V,M,FNSR,C,BAC,ARUN,CRUS.
AH News :
RIMM down 19.47%
TXN UP 1.34%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ their absolute highest point of 1209.11 UP 6.43% since 1136.07
RSI @ 53.11, still looking good.....
Internals of the market were as follows :
UP volume led by 8.06 to 1 in NYSE & 3.95 to 1 in Nasdaq
Advancing stocks were in the lead by 3.26 to 1 in NYSE & 1.98 to 1 in Nasdaq
After telling everyone to WAIT & correction coming, Jimmy the Cramer decided to pretend as if this rally was his prediction...all smiles & telling everyone why this rally happened?
About this rally, we are entering the final stage. Once we are close to 1230, start booking profit or start reducing exposure...I will.
Stocks which were UP 1% or more included AMZN,
MRVL,CNQ,GOOG,VMW,ALTR,BWLD,QCOM,
CRM,IBN,MA,SU,V,M,FNSR,C,BAC,ARUN,CRUS.
AH News :
RIMM down 19.47%
TXN UP 1.34%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Day four of this rally.....NICE !!!!!
Indices are rocketing UP for four days in a row, while so called gurus wants you to wait for lower prices ?
This market is not waiting for anyone, like it or not......some stocks have move UP 25% since hitting 1101.......
UP volume is leading by 3 to 1......
Gold Down $42.80
Oil UP 68 cents
Canadian $ UP 54 tick @ 101.50
VIX Down 5.64% @ 32.65...almost ready to hit digit 2 ?
In my portfolio :
Added 75% PLCM @ $23.90
Portfolio is APKT,AMZN,BIDU,PMCS,PLCM,AUY
Exposure 105% of normal
Here is my $ allocation :
BIDU 26.49%
APKT 24.33%
PLCM 19.59%
AMZN 16.12%
AUY 9.35%
PMCS 4.12%
AMZN is ready for a "breakout" @ $226.54 with a target of $242.80 as per www.stockconsultant.com
Most of the stocks are UP
@ 1.38 following are RED :
AUY,PLCM,APKT,BIDU,SLW,MU,SINA,GLD,NFLX,
CMG,PCLN,RIMM,RVBD,GG,NTES,SOHU,JKS,
PWRD,JDSU,CIEN,SNDK,CTRP,LDK.....
BLOG does NOT give buy or sell.
Saleem
This market is not waiting for anyone, like it or not......some stocks have move UP 25% since hitting 1101.......
UP volume is leading by 3 to 1......
Gold Down $42.80
Oil UP 68 cents
Canadian $ UP 54 tick @ 101.50
VIX Down 5.64% @ 32.65...almost ready to hit digit 2 ?
In my portfolio :
Added 75% PLCM @ $23.90
Portfolio is APKT,AMZN,BIDU,PMCS,PLCM,AUY
Exposure 105% of normal
Here is my $ allocation :
BIDU 26.49%
APKT 24.33%
PLCM 19.59%
AMZN 16.12%
AUY 9.35%
PMCS 4.12%
AMZN is ready for a "breakout" @ $226.54 with a target of $242.80 as per www.stockconsultant.com
Most of the stocks are UP
@ 1.38 following are RED :
AUY,PLCM,APKT,BIDU,SLW,MU,SINA,GLD,NFLX,
CMG,PCLN,RIMM,RVBD,GG,NTES,SOHU,JKS,
PWRD,JDSU,CIEN,SNDK,CTRP,LDK.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 14, 2011
Indices closed UP 1.27% to 1.60%......NICE !!!!
Indices closed UP for three days.
Internals were strong, UP almost 3 to1..
S&P went up to 1202.38, which meant it went UP 5.84% from low of 1136.07....
This market is interesting that Jimmy the Cramer & Guy Adami both are wishing it to go Down on a daily basis ?
Adami dream number for S&P 500 remains 950 which he proudly announces every week......
Both Cramer & Adami are in for a major surprise, as we continue to move HIGHER.....
Stocks which went UP 2% or more included PMCS,BIDU,PLCM,
MU,SNDK,JCP,RVBD,NTES,VMW,BWLD,MA,V,M,SU,JDSU,
FNSR,ARUN,CRUS.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
PS...My diagnosis is "hyperthyroidism"...which is a big relief to me as my heart was declared "perfect".....sincere thanks to all well wishers including Michael & Stocktrader who left message of good news.
Saleem
Internals were strong, UP almost 3 to1..
S&P went up to 1202.38, which meant it went UP 5.84% from low of 1136.07....
This market is interesting that Jimmy the Cramer & Guy Adami both are wishing it to go Down on a daily basis ?
Adami dream number for S&P 500 remains 950 which he proudly announces every week......
Both Cramer & Adami are in for a major surprise, as we continue to move HIGHER.....
Stocks which went UP 2% or more included PMCS,BIDU,PLCM,
MU,SNDK,JCP,RVBD,NTES,VMW,BWLD,MA,V,M,SU,JDSU,
FNSR,ARUN,CRUS.....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
PS...My diagnosis is "hyperthyroidism"...which is a big relief to me as my heart was declared "perfect".....sincere thanks to all well wishers including Michael & Stocktrader who left message of good news.
Saleem
Nasdaq green AGAIN......NICE !!!!
Indices are fighting normal profit taking & new shorting after two days of gains. Nasdaq is green again for third day in a row, giving strong indication of its strength.
Traders need to understand that market TAPE has changed for the better,thus a little patience may be extremely profitable......
Internals are neutral
Gold Down $9.80
Oil Down $1.34
Canadian $ Down 58 tick @ 100.83
VIX UP .51% @ 37.10
Portfolio is APKT,AMZN,BIDU,PMCS,PLCM,AUY
@ 11.07 following are among green :
APKT,AMZN,BIDU,PMCS,PLCM,
SNDK,MU,AAPL,CMG,RVBD,JCP,
LULU,CNQ,NTES,VMW,QCOM,
BWLD,AMCC,FNSR,ARUN,JDSU,
V.....
BLOG does NOT give buy or sell.
PS...I am meeting my Cardiologist today @ 130 PM,
hopefully he will tell me what caused my high pulse rate.
My pulse has been steady around 66+- with only two abnormal reading since beta blocker medication.
Saleem
Traders need to understand that market TAPE has changed for the better,thus a little patience may be extremely profitable......
Internals are neutral
Gold Down $9.80
Oil Down $1.34
Canadian $ Down 58 tick @ 100.83
VIX UP .51% @ 37.10
Portfolio is APKT,AMZN,BIDU,PMCS,PLCM,AUY
@ 11.07 following are among green :
APKT,AMZN,BIDU,PMCS,PLCM,
SNDK,MU,AAPL,CMG,RVBD,JCP,
LULU,CNQ,NTES,VMW,QCOM,
BWLD,AMCC,FNSR,ARUN,JDSU,
V.....
BLOG does NOT give buy or sell.
PS...I am meeting my Cardiologist today @ 130 PM,
hopefully he will tell me what caused my high pulse rate.
My pulse has been steady around 66+- with only two abnormal reading since beta blocker medication.
Saleem
Tuesday, September 13, 2011
Indices closed UP AGAIN......NICE !!!!!
Indices were up again, this is technically significant in a very weak / negative environment.
Internals of the market were as follows :
UP volume led by 3.65 to 1 in NYSE & 5.53 to 1 in Nasdaq
ADVANCING stocks led by 3.45 to 1 in NYSE & 3.20 to 1 in Nasdaq
New 52 wk lows were 35 in NYSE & 63 in Nasdaq
As you can see that internals were strong today
VIX closed Down 4.25% @ 36.95
Gold closed @ $1828.90
Oil closed @ $90.21
In my portfolio :
Bought PMCS @ $6.39
Portfolio is APKT,AMZN,BIDU,PMCS,PLCM,AUY...
Exposure 96%
Stocks which closed UP 2% or more included APKT,PMCS,PLCM,
MU,SNDK,LULU,SINA,RVBD,CIEN,CRM,JKS,JDSU,ARUN....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals of the market were as follows :
UP volume led by 3.65 to 1 in NYSE & 5.53 to 1 in Nasdaq
ADVANCING stocks led by 3.45 to 1 in NYSE & 3.20 to 1 in Nasdaq
New 52 wk lows were 35 in NYSE & 63 in Nasdaq
As you can see that internals were strong today
VIX closed Down 4.25% @ 36.95
Gold closed @ $1828.90
Oil closed @ $90.21
In my portfolio :
Bought PMCS @ $6.39
Portfolio is APKT,AMZN,BIDU,PMCS,PLCM,AUY...
Exposure 96%
Stocks which closed UP 2% or more included APKT,PMCS,PLCM,
MU,SNDK,LULU,SINA,RVBD,CIEN,CRM,JKS,JDSU,ARUN....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices showing GREEN to believers......NICE !!!!
Indices are all green back to back.
Internals are positive by 2 to 1...
New 52 wk lows shrank big time...
Gold UP $19.00
Oil UP $1.28
Canadian $ UP 29 tick @ 101.06
VIX Down 2.1% @ 37.78
In my portfolio :
Bought AUY @ $16.25
Portfolio is APKT,AMZN,BIDU,PLCM,AUY
92% exposure
Most stocks are UP
@ 1.18 following are RED :
AUY,BIDU,GOOG,WYNN,ULTA,PCLN,
RIMM,GG,NTES,SLW,IBN,V,M,SU,KGC,
FMCN,PWRD,SVM,ABX.....
BLOG does NOT give buy or sell.
Saleem
Internals are positive by 2 to 1...
New 52 wk lows shrank big time...
Gold UP $19.00
Oil UP $1.28
Canadian $ UP 29 tick @ 101.06
VIX Down 2.1% @ 37.78
In my portfolio :
Bought AUY @ $16.25
Portfolio is APKT,AMZN,BIDU,PLCM,AUY
92% exposure
Most stocks are UP
@ 1.18 following are RED :
AUY,BIDU,GOOG,WYNN,ULTA,PCLN,
RIMM,GG,NTES,SLW,IBN,V,M,SU,KGC,
FMCN,PWRD,SVM,ABX.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 12, 2011
Indices closed UP .63% to 1.10%.......NICE !!!!
Indices were under pressure after "Greek Drama" continue to unfold...latest speculation is that Greece MAY get one more bailout...then it is all over ?
It seems that EU is buying time to develop a consensus for a structured default of Greece..which MAY result in Greece being out of EU.......
S&P 500 went to 1136.07 but closed @ 1162.27...RSI is 43.82
Many buyers were buying near support.....
Internals were mostly positive...BUT we have 52 wk lows in the lead 264 in NYSE & 230 in Nasdaq
VIX closed near low of the day @ 38.59 + .18%...high was 43.18..low 38.58...VIX is still disturbing, as it should have closed down ?
Stocks whic were UP 2% or more included APKT,AMZN,
PMCS,MU,MRVL,SNDK,WYNN,VMW,ULTA,FFIV,
ALTR,M,AMCC,CIEN,JDSU,FNSR.....
AH Futures UP
AH Asian Markets Mixed
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
It seems that EU is buying time to develop a consensus for a structured default of Greece..which MAY result in Greece being out of EU.......
S&P 500 went to 1136.07 but closed @ 1162.27...RSI is 43.82
Many buyers were buying near support.....
Internals were mostly positive...BUT we have 52 wk lows in the lead 264 in NYSE & 230 in Nasdaq
VIX closed near low of the day @ 38.59 + .18%...high was 43.18..low 38.58...VIX is still disturbing, as it should have closed down ?
Stocks whic were UP 2% or more included APKT,AMZN,
PMCS,MU,MRVL,SNDK,WYNN,VMW,ULTA,FFIV,
ALTR,M,AMCC,CIEN,JDSU,FNSR.....
AH Futures UP
AH Asian Markets Mixed
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
Many stocks are saying "what greece got to do with our business"......
Greek tragedy taking a hold on markets again, ECB is putting pressure on Greece to do MORE or ELSE........we will not "show you the money"
Low today in S&P 500 so far IS 1139.66, lower than previous low of 1140.13.....but well above recent low of 1101
Many buyers are buying the dip........
Internals are negative but Nasdaq is faring much better...
Oil UP 85 cents
Gold Down $48.40...whenever US$ goes UP it puts pressure on most commodities
Canadian $ UP 14 tick @ 100.43...it went below parity earlier.....
VIX UP 8.96% @ 41.97
Portfolio is APKT,AMZN,BIDU & PLCM.....
Most stocks are Down
@ 1.28 following are UP :
APKT,AMZN,PMCS,MU,SNDK,WYNN,LVS,
ULTA,FFIV,QCOM,MRVL,ALTR,BWLD,AMCC,
CIEN,FNSR,CRUS,ARUN.....
BLOG does NOT give buy or sell.
Saleem
Low today in S&P 500 so far IS 1139.66, lower than previous low of 1140.13.....but well above recent low of 1101
Many buyers are buying the dip........
Internals are negative but Nasdaq is faring much better...
Oil UP 85 cents
Gold Down $48.40...whenever US$ goes UP it puts pressure on most commodities
Canadian $ UP 14 tick @ 100.43...it went below parity earlier.....
VIX UP 8.96% @ 41.97
Portfolio is APKT,AMZN,BIDU & PLCM.....
Most stocks are Down
@ 1.28 following are UP :
APKT,AMZN,PMCS,MU,SNDK,WYNN,LVS,
ULTA,FFIV,QCOM,MRVL,ALTR,BWLD,AMCC,
CIEN,FNSR,CRUS,ARUN.....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 11, 2011
Are we all set to rally AGAIN ?
This market has put FEAR in just about everybody, it does not matter if you are small retail or huge Hedge Fund Manager
...everybody is shaking their head in disbelief......
What nobody can understand is, how many years Greece is going to trouble this market....Greece was the shocker in 08,09,10 & 11......while it is a small country in terms of GDP & its so-called debt...BUT we keep coming up with an agenda driven story of Greek DEFAULT...Boy 0 BOY..IF it has NOT DEFAULTED in last FOUR years...why would it do NOW ?
Greece on the CONTRARY is making TREMENDOUS sacrifice in terms of TAXING & today it has announced that it has asked everyone to give 1 month of salary by law...it does not exclude even Prime Minister......BUT CNBC keeps on exaggerating minor demonstrations which IS to be expected..as everyone is giving sacrifices in terms of Salary, Pension & Benefits....
I believe that Greece will be forgotten story, but they will create new stories of Portugal, Spain, Ireland to keep CNBC audience MIS-INFORMED......all i can tell you that IF Greece can survive then others will too......
About that famous resignation on Friday, of ECB German official..it is NOT effective until Dec 31 2011...plus Germany has named Deputy Finance Minister as replacement.....
IF you FACTOR all of the ABOVE...why did we go down 300+ points ?
BUT ...that was Friday....a weekly Option Expiry day.....someone was very rich @ the end of the trading day.....it is all about making billions by creating an issue of NON-ISSUE.....& CNBC plays along for its spellbound audience.....who sell @ its command......
All that means that, we should RALLY big-time...as panic driven sellers were all sold-out on Friday.....
In my analysis, as we have TESTED support FOUR times & HELD..we are going to take 1230 out in a hurry..1230 was a resistance TWICE.......it is my belief that 1200 area may become support as we move HIGHER...
Technology is giving all indication, that it wants to move up......Semiconductors are showing sign of life after a long time.....
YES..it is PRUDENT to be aggressive near BOTTOM / SUPPORT......
Good luck with your OWN analysis & homework.
BLOG does NOT give buy or sell.
Saleem
...everybody is shaking their head in disbelief......
What nobody can understand is, how many years Greece is going to trouble this market....Greece was the shocker in 08,09,10 & 11......while it is a small country in terms of GDP & its so-called debt...BUT we keep coming up with an agenda driven story of Greek DEFAULT...Boy 0 BOY..IF it has NOT DEFAULTED in last FOUR years...why would it do NOW ?
Greece on the CONTRARY is making TREMENDOUS sacrifice in terms of TAXING & today it has announced that it has asked everyone to give 1 month of salary by law...it does not exclude even Prime Minister......BUT CNBC keeps on exaggerating minor demonstrations which IS to be expected..as everyone is giving sacrifices in terms of Salary, Pension & Benefits....
I believe that Greece will be forgotten story, but they will create new stories of Portugal, Spain, Ireland to keep CNBC audience MIS-INFORMED......all i can tell you that IF Greece can survive then others will too......
About that famous resignation on Friday, of ECB German official..it is NOT effective until Dec 31 2011...plus Germany has named Deputy Finance Minister as replacement.....
IF you FACTOR all of the ABOVE...why did we go down 300+ points ?
BUT ...that was Friday....a weekly Option Expiry day.....someone was very rich @ the end of the trading day.....it is all about making billions by creating an issue of NON-ISSUE.....& CNBC plays along for its spellbound audience.....who sell @ its command......
All that means that, we should RALLY big-time...as panic driven sellers were all sold-out on Friday.....
In my analysis, as we have TESTED support FOUR times & HELD..we are going to take 1230 out in a hurry..1230 was a resistance TWICE.......it is my belief that 1200 area may become support as we move HIGHER...
Technology is giving all indication, that it wants to move up......Semiconductors are showing sign of life after a long time.....
YES..it is PRUDENT to be aggressive near BOTTOM / SUPPORT......
Good luck with your OWN analysis & homework.
BLOG does NOT give buy or sell.
Saleem
Friday, September 9, 2011
Indices Down 2.27% to 2.72% on old jitters.......
Indices are down for many reasons....ECB board member resigns on policy dispute.....Greek default being replayed.....911 security worries.....plus the anticipated political drama in US.....SO HFT jumped on short bandwagon...because it WORKS......
S&P 500 went to 1150.91 which is HIGHER than previous lows of 1101....1121...1140.....so we are TESTING will of traders & technical support...all these RETEST are being done every week for the last FOUR week...BUT we are holding above all RETEST numbers.....HIGHER LOWS being made each time....
Another surprising positive is that CMF is positive 0.045 in S&P 500 ?????
Internals of the market are negative by minimum 6 to 1
New 52 wk lows are in the lead, 183 in NYSE & 127 in Nasdaq
Oil Down $2.16
Gold UP $1.16
Canadian $ Down 65 tick @ 100.44..Canada lost over 5K jobs
VIX UP 13.26% @ 38.87
Portfolio is APKT,AMZN,BIDU,PLCM
LULU reported before Open...they beat, BUT guiding lower EPS for Q3. LULU Down 5.81%...not bad considering this market....
Most stocks are Down.....
@ 1.39 PM following are Green :
SNDK,ULTA,MU.....
BLOG does NOT give buy or sell.
Next post on Sunday by 2 PM
Saleem
S&P 500 went to 1150.91 which is HIGHER than previous lows of 1101....1121...1140.....so we are TESTING will of traders & technical support...all these RETEST are being done every week for the last FOUR week...BUT we are holding above all RETEST numbers.....HIGHER LOWS being made each time....
Another surprising positive is that CMF is positive 0.045 in S&P 500 ?????
Internals of the market are negative by minimum 6 to 1
New 52 wk lows are in the lead, 183 in NYSE & 127 in Nasdaq
Oil Down $2.16
Gold UP $1.16
Canadian $ Down 65 tick @ 100.44..Canada lost over 5K jobs
VIX UP 13.26% @ 38.87
Portfolio is APKT,AMZN,BIDU,PLCM
LULU reported before Open...they beat, BUT guiding lower EPS for Q3. LULU Down 5.81%...not bad considering this market....
Most stocks are Down.....
@ 1.39 PM following are Green :
SNDK,ULTA,MU.....
BLOG does NOT give buy or sell.
Next post on Sunday by 2 PM
Saleem
Thursday, September 8, 2011
Indices closed Down .78% to 1.06%......
Indices closed near lows of the day.
Internals of the market were as follows :
Down volume led by 5.66 to 1 in NYSE & 1.88 to 1 in Nasdaq
Declining stocks led by 3.53 to 1 in NYSE & 3.16 to 1 in Nasdaq
VIX closed UP 2.97% @ 34.37
AH News :
ULTA UP 1.24%
TXN Down .50%
AH Chinese CPI came in as expected in August 6.2% vs 6.5% in July
PPI 7.3% +.1% from July
CPI milder number will allow Chinese Central Bank not to tighten again..good news for worldwide equities......
Obama Job creation effort was much better than expected, tone of reconciliation should create faster passage. Obama is proposing to spend $448 Billion in many areas where Republicans will support......another positive for stocks...
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals of the market were as follows :
Down volume led by 5.66 to 1 in NYSE & 1.88 to 1 in Nasdaq
Declining stocks led by 3.53 to 1 in NYSE & 3.16 to 1 in Nasdaq
VIX closed UP 2.97% @ 34.37
AH News :
ULTA UP 1.24%
TXN Down .50%
AH Chinese CPI came in as expected in August 6.2% vs 6.5% in July
PPI 7.3% +.1% from July
CPI milder number will allow Chinese Central Bank not to tighten again..good news for worldwide equities......
Obama Job creation effort was much better than expected, tone of reconciliation should create faster passage. Obama is proposing to spend $448 Billion in many areas where Republicans will support......another positive for stocks...
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices down .55% to .85%..... ahead of Obamanomics......
Indices are down waiting to hear "real program to help with creating jobs" NOT "blame game" or silly challenge to Republicans...."Buck stops @ your desk Mr President"..... we all remember "Change we can believe in".......
Internals are negative almost 3 to 1
Oil Down 33 cents
Gold UP $43.80
Canadian $ Down 42 tick @ 101.20
VIX UP 3.06% @ 34.40...this is a very bullish sign ..that VIX is not going crazy.......FEAR subsiding ?
In my portfolio :
Sold NFLX
Sold AUY
Sold BIDU
Bought APKT @ $49.69
Bought PLCM @ $23.80
Bought BIDU @ $147.75
Bought AMZN @ $218.80
Portfolio is APKT,AMZN,BIDU,PLCM
82% exposure
Here is my $ weighting:
BIDU 34.56%
APKT 30.68%
AMZN 20.34%
PLCM 14.42%
Most stocks are down...
@ 2.16 following are UP :
BIDU,AUY,GG,LULU,SINA,GLD,CMG,
GOOG,MOS,SOHU,QCOM,KGC,SNDK,
AAPL,FMCN,SVM,ABX,AEM....
BLOG does NOT give buy or sell.
Saleem
Internals are negative almost 3 to 1
Oil Down 33 cents
Gold UP $43.80
Canadian $ Down 42 tick @ 101.20
VIX UP 3.06% @ 34.40...this is a very bullish sign ..that VIX is not going crazy.......FEAR subsiding ?
In my portfolio :
Sold NFLX
Sold AUY
Sold BIDU
Bought APKT @ $49.69
Bought PLCM @ $23.80
Bought BIDU @ $147.75
Bought AMZN @ $218.80
Portfolio is APKT,AMZN,BIDU,PLCM
82% exposure
Here is my $ weighting:
BIDU 34.56%
APKT 30.68%
AMZN 20.34%
PLCM 14.42%
Most stocks are down...
@ 2.16 following are UP :
BIDU,AUY,GG,LULU,SINA,GLD,CMG,
GOOG,MOS,SOHU,QCOM,KGC,SNDK,
AAPL,FMCN,SVM,ABX,AEM....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 7, 2011
Indices closed UP 2.47% to 3.04%......NICE !!!!!
Indices closed strongly today on Germany's court decision. Fed beige book was taken as "not bad".
Internals of the market were as follows :
UP volume led by 20.55 to 1 in NYSE & 27.82 to 1 in Nasdaq
Advancing stocks led by 8.67 to 1 in NYSE & 6.03 to 1 in Nasdaq
New 52 wk lows were in the lead still, 15 in NYSE & 26 in Nasdaq
VIX Down 9.78% @ 33.38........
This market is extremely volatile, it is PRUDENT to book profit when you have it.....in "bear market" next trading day cannot be predicted with any accuracy......be extremely fast on trigger in buying or selling....as you all might have noted, that i am adjusting my $ allocation rapidly..as i have "no faith" in current TAPE......
Stocks which were UP 3% or more included APKT,LULU,RIMM,WYNN,LVS,
CNQ,PLCM,SINA,JCP,VMW,SNDK,MPEL,
QCOM,CRM,MA,IBN,V,SU,M,JDSU,CIEN,
FNSR,BAC,C,CRUS,ARUN......
Gold got its periodic correction again...this time it fell from $1923.70 to a low of $1792.80 today..a correction of $130.90 or 6.8%......currently in futures market it is trading @ $1845.30 which means that it is UP $52.50 from today's low or UP 2.93% already ?
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals of the market were as follows :
UP volume led by 20.55 to 1 in NYSE & 27.82 to 1 in Nasdaq
Advancing stocks led by 8.67 to 1 in NYSE & 6.03 to 1 in Nasdaq
New 52 wk lows were in the lead still, 15 in NYSE & 26 in Nasdaq
VIX Down 9.78% @ 33.38........
This market is extremely volatile, it is PRUDENT to book profit when you have it.....in "bear market" next trading day cannot be predicted with any accuracy......be extremely fast on trigger in buying or selling....as you all might have noted, that i am adjusting my $ allocation rapidly..as i have "no faith" in current TAPE......
Stocks which were UP 3% or more included APKT,LULU,RIMM,WYNN,LVS,
CNQ,PLCM,SINA,JCP,VMW,SNDK,MPEL,
QCOM,CRM,MA,IBN,V,SU,M,JDSU,CIEN,
FNSR,BAC,C,CRUS,ARUN......
Gold got its periodic correction again...this time it fell from $1923.70 to a low of $1792.80 today..a correction of $130.90 or 6.8%......currently in futures market it is trading @ $1845.30 which means that it is UP $52.50 from today's low or UP 2.93% already ?
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices UP 2.11% to 2.68%.......NICE !!!!
Indices are UP thanks to German court ruling that OK'D Germany participation in European debt bailout efforts......
Internals are strong UP 6 to 1...
Gold Down $56.20
Oil UP $3.21
Canadian $ UP 24 tick @ 101.23
VIX Down 8.38% @ 33.90..still too high ?
In my portfolio :
SOLD APKT
SOLD LULU
Bought AUY @ $16.46
Added 20% NFLX @ $213.81
Portfolio is AUY,BIDU,NFLX....
Exposure 62% from 140%
President Obama unveils his job plans Thursday after hr.....expectations are very low..Market may pull back Thursday to see what he is proposing.....
LULU reports before open this Friday...not sure what i want to do
on Thursday ?
Most stocks are UP
@ 2.00 following are RED :
AUY,NFLX,GG,CMG,GLD,BWLD,KGC,
JKS,SOL.....
BLOG does NOT give buy or sell.
Saleem
Internals are strong UP 6 to 1...
Gold Down $56.20
Oil UP $3.21
Canadian $ UP 24 tick @ 101.23
VIX Down 8.38% @ 33.90..still too high ?
In my portfolio :
SOLD APKT
SOLD LULU
Bought AUY @ $16.46
Added 20% NFLX @ $213.81
Portfolio is AUY,BIDU,NFLX....
Exposure 62% from 140%
President Obama unveils his job plans Thursday after hr.....expectations are very low..Market may pull back Thursday to see what he is proposing.....
LULU reports before open this Friday...not sure what i want to do
on Thursday ?
Most stocks are UP
@ 2.00 following are RED :
AUY,NFLX,GG,CMG,GLD,BWLD,KGC,
JKS,SOL.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 6, 2011
Indices staged a major rebound from support, Down only .26% to .90%..NICE !!!!
US market were bracing for a major breakdown, but support @ 1140 stood firm when buyers came.
Internals of the market were as follows :
Down volume led by 3.92 to 1 in NYSE & 1.85 to 1 in Nasdaq
Declining stocks led by 2.71 to 1 in NYSE & 1.96 to 1 in Nasdaq
New 52 wk lows were in the lead, 199 in NYSE & 231 in Nasdaq
Nasdaq recovery was extremely impressive...
Ironically, from Jimmy the Cramer to John Roque & many technicians are sour on this market for a while. John has 950 as target in S&P 500 ......this is extremely rare that pundits & technicians are bracing for a major fall ?....The question IS..... will market accommodate negativity....major rally in the past has started when majority were bearish?...CAN it happen AGAIN ?...stay tuned !!!!
In my portfolio :
Added 30% APKT @ $45.32
AH News :
YHOO UP 5.96% in heavy volume of 18+ million shares on CEO's ouster....
AH Oil UP
AH Gold UP
AH Asian Markets UP
AH Futures UP
BLOG does NOT give buy or sell.
Saleem
Internals of the market were as follows :
Down volume led by 3.92 to 1 in NYSE & 1.85 to 1 in Nasdaq
Declining stocks led by 2.71 to 1 in NYSE & 1.96 to 1 in Nasdaq
New 52 wk lows were in the lead, 199 in NYSE & 231 in Nasdaq
Nasdaq recovery was extremely impressive...
Ironically, from Jimmy the Cramer to John Roque & many technicians are sour on this market for a while. John has 950 as target in S&P 500 ......this is extremely rare that pundits & technicians are bracing for a major fall ?....The question IS..... will market accommodate negativity....major rally in the past has started when majority were bearish?...CAN it happen AGAIN ?...stay tuned !!!!
In my portfolio :
Added 30% APKT @ $45.32
AH News :
YHOO UP 5.96% in heavy volume of 18+ million shares on CEO's ouster....
AH Oil UP
AH Gold UP
AH Asian Markets UP
AH Futures UP
BLOG does NOT give buy or sell.
Saleem
Indices Down 1.21% to 1.49%....on ongoing Euroland issues......
Indices were down around 1.5% on renewed fear about Europe economic issues.
S&P 500 went down to 1140.13..RSI to 40.21
Internals are as follows :
Down Volume leading by 4.95 to 1 in NYSE & 5.39 to 1 in Nasdaq
Declining stocks are leading by 4.55 to 1 in NYSE & 3.09 to 1 in Nasdaq
New 52 wk low are in the lead by 248 in NYSE & 216 in Nasdaq
Internals are negative BUT not as bad as feared..Traders are not afraid of this market, buying on weakness is a good thing ?
VIX UP 12.23% @ 38.07..high of the day was 39.86
Gold UP $2.30..went to $1924 a new all time high....
Oil Down $2.13
Canadian $ Down 6 tick @ 100.93
In my portfolio :
Bought LULU @ $51.50
Doubled my position in BIDU @ $136.50
Portfolio is APKT,BIDU,LULU,NFLX
My $ weighting is :
LULU 18.75%
NFLX 21.27%
APKT 25.98%
BIDU 34.00%
@ 153 folowing are green :
NFLX,LULU,BIDU,AMZN,CMG,AAPL,
VXX,LVS,RIMM,MPEL,IBN,MA,V,
SNDK,SOHU,SOL,ABX....
BLOG does NOT give buy or sell.
Saleem
S&P 500 went down to 1140.13..RSI to 40.21
Internals are as follows :
Down Volume leading by 4.95 to 1 in NYSE & 5.39 to 1 in Nasdaq
Declining stocks are leading by 4.55 to 1 in NYSE & 3.09 to 1 in Nasdaq
New 52 wk low are in the lead by 248 in NYSE & 216 in Nasdaq
Internals are negative BUT not as bad as feared..Traders are not afraid of this market, buying on weakness is a good thing ?
VIX UP 12.23% @ 38.07..high of the day was 39.86
Gold UP $2.30..went to $1924 a new all time high....
Oil Down $2.13
Canadian $ Down 6 tick @ 100.93
In my portfolio :
Bought LULU @ $51.50
Doubled my position in BIDU @ $136.50
Portfolio is APKT,BIDU,LULU,NFLX
My $ weighting is :
LULU 18.75%
NFLX 21.27%
APKT 25.98%
BIDU 34.00%
@ 153 folowing are green :
NFLX,LULU,BIDU,AMZN,CMG,AAPL,
VXX,LVS,RIMM,MPEL,IBN,MA,V,
SNDK,SOHU,SOL,ABX....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 4, 2011
Indices rangebound ?
Indices are trading in a well defined range.....
S&P 500 since 2nd wk of July 2011 is on a roller coaster ride as listed below :
-1347 to 1101 Down 246 points or Down 18.26%...sharpest decline in a long time in straight four weeks...
-1101 to 1208 UP 107 points or UP 9.7%
-1208 to 1121 Down 87 points or Down 7.2%
-1121 to 1231 UP 123 points or UP 9.8%
-1231 to 1174 Down 57 points or Down 4.63%...so far
SO..IF we go with recent history...then there is another 2.57% on the downside..which should take us down another 30 points to 1144 area.....
Market biggest foe is US politicians who always promise "moon" but in the end give us very little.....I expect the same from President Obama speech on Thursday..."talk a lot but little impact in terms of jobs"
US market has been kind to "inaction by politicians" while US economy is hurting big time....
IF market does not like what Obama all talk no action speech...then we could go to 1100 in a hurry...& IF rhetoric gets out of control then we could test MAJOR support in 1040 area.......which is a long way from current 1174..a big drop of 134 points or another 11.41% drop..which MAY add up to 16.04% drop in current downturn.......
Economic reality of US & Europe has been an ongoing question mark, with lot of rhetoric but with little or no improving results ?
Most investors have been very patient & hopeful that this shall pass...BUT this economic mess came to forefront in August of 2008...it is now 3 years & 1 month later..we still are fearful of Europe contagion & US recession...the question is, WHY these problems are lingering for 3 years plus ?
TAPE has been of "BEARISH" nature.......since July 2011......
It is important to recognize a bear market tape & reduce exposure accordingly.......
Luck may not help as we go along in this bear market.......
In previous time of economic stress, there was coordinated moves by President, Congress & Fed...NOW it is only Fed which is left to deal with this mess.....politicians are too happy to see economic mess....they think it will benefit them or their party in re-election ?.....so this dangerous game goes ON......@ the expense of consumers, employees, business & entrepreneur......
RSI in S&P 500 @ 44.32....
VIX 33.92
Oil $86.45
Gold $1876.90
Oil prices are reflecting slowing GDP growth worldwide.......
Gold prices are reflecting debasing of many currencies.....as it becomes currency of choice to counter inflation & falling currencies.......
SO...tread this market with great caution.......days of higher highs in stocks except gold may not happen for a while...
Here is RSI of many popular stocks :
AUY 70.23
GG 61.47
RIMM 57.55
POT 57.22
PCLN 56.92
MOS 55.21
WYNN 52.10
SINA 50.96
#AMZN 50.08
CMG 49.92
*BIDU 49.12
AAPL 48.83
#LULU 48.62
CNQ 43.81
GOOG 43.64
*APKT 42.75
PLCM 39.70
MGA 39.37
JCP 38.05
*NFLX 37.60
* denotes my portfolio
# denotes my next purchase..IF price is right
RSI numbers are indicating where opportunities are better, IF market conditions are healthy.......
Good luck with your strategies & your OWN homework.
BLOG does NOT give buy or sell.
Saleem
S&P 500 since 2nd wk of July 2011 is on a roller coaster ride as listed below :
-1347 to 1101 Down 246 points or Down 18.26%...sharpest decline in a long time in straight four weeks...
-1101 to 1208 UP 107 points or UP 9.7%
-1208 to 1121 Down 87 points or Down 7.2%
-1121 to 1231 UP 123 points or UP 9.8%
-1231 to 1174 Down 57 points or Down 4.63%...so far
SO..IF we go with recent history...then there is another 2.57% on the downside..which should take us down another 30 points to 1144 area.....
Market biggest foe is US politicians who always promise "moon" but in the end give us very little.....I expect the same from President Obama speech on Thursday..."talk a lot but little impact in terms of jobs"
US market has been kind to "inaction by politicians" while US economy is hurting big time....
IF market does not like what Obama all talk no action speech...then we could go to 1100 in a hurry...& IF rhetoric gets out of control then we could test MAJOR support in 1040 area.......which is a long way from current 1174..a big drop of 134 points or another 11.41% drop..which MAY add up to 16.04% drop in current downturn.......
Economic reality of US & Europe has been an ongoing question mark, with lot of rhetoric but with little or no improving results ?
Most investors have been very patient & hopeful that this shall pass...BUT this economic mess came to forefront in August of 2008...it is now 3 years & 1 month later..we still are fearful of Europe contagion & US recession...the question is, WHY these problems are lingering for 3 years plus ?
TAPE has been of "BEARISH" nature.......since July 2011......
It is important to recognize a bear market tape & reduce exposure accordingly.......
Luck may not help as we go along in this bear market.......
In previous time of economic stress, there was coordinated moves by President, Congress & Fed...NOW it is only Fed which is left to deal with this mess.....politicians are too happy to see economic mess....they think it will benefit them or their party in re-election ?.....so this dangerous game goes ON......@ the expense of consumers, employees, business & entrepreneur......
RSI in S&P 500 @ 44.32....
VIX 33.92
Oil $86.45
Gold $1876.90
Oil prices are reflecting slowing GDP growth worldwide.......
Gold prices are reflecting debasing of many currencies.....as it becomes currency of choice to counter inflation & falling currencies.......
SO...tread this market with great caution.......days of higher highs in stocks except gold may not happen for a while...
Here is RSI of many popular stocks :
AUY 70.23
GG 61.47
RIMM 57.55
POT 57.22
PCLN 56.92
MOS 55.21
WYNN 52.10
SINA 50.96
#AMZN 50.08
CMG 49.92
*BIDU 49.12
AAPL 48.83
#LULU 48.62
CNQ 43.81
GOOG 43.64
*APKT 42.75
PLCM 39.70
MGA 39.37
JCP 38.05
*NFLX 37.60
* denotes my portfolio
# denotes my next purchase..IF price is right
RSI numbers are indicating where opportunities are better, IF market conditions are healthy.......
Good luck with your strategies & your OWN homework.
BLOG does NOT give buy or sell.
Saleem
Friday, September 2, 2011
Indices down 2.12% to 2.57% on no job creation......
Indices are under pressure as no job was created, this was below most bearish forecast.
Low in S&P 500 so far is 1173.76....this is a pullback of 4.48% from yesterday's HIGH..this is a sharp pullback in 24 hrs of trading.....RSI 44.39
Internals of the market are as follows :
Down Volume led by 6.57 to 1 in NYSE & 11.68 to 1 in Nasdaq
Declining stocks are leading by 4.78 to 1 & 5.18 to 1 in Nasdaq
New 52 wk lows are in lead in both NYSE & Nasdaq
VIX UP 4.31% @ 33.19
Oil Down $2.89
Gold UP $47.90
Canadian $ Down 76 tick @ 101.68
In my portfolio :
Sold KGC
Bought APKT @ $ 45.75
Portfolio is APKT,BIDU,NFLX
$ weighting are as follows :
APKT 37.80%
BIDU 31.27%
NFLX 30.93%
Market exposure is 48%
Most stocks are down
@ 2.19 following are UP :
KGC,AUY,GG,GLD,VXX,AG,SLW,
FNSR,ABX,AEM.....
BLOG does NOT give buy or sell.
Next post by 2 PM Sunday...
Saleem
Low in S&P 500 so far is 1173.76....this is a pullback of 4.48% from yesterday's HIGH..this is a sharp pullback in 24 hrs of trading.....RSI 44.39
Internals of the market are as follows :
Down Volume led by 6.57 to 1 in NYSE & 11.68 to 1 in Nasdaq
Declining stocks are leading by 4.78 to 1 & 5.18 to 1 in Nasdaq
New 52 wk lows are in lead in both NYSE & Nasdaq
VIX UP 4.31% @ 33.19
Oil Down $2.89
Gold UP $47.90
Canadian $ Down 76 tick @ 101.68
In my portfolio :
Sold KGC
Bought APKT @ $ 45.75
Portfolio is APKT,BIDU,NFLX
$ weighting are as follows :
APKT 37.80%
BIDU 31.27%
NFLX 30.93%
Market exposure is 48%
Most stocks are down
@ 2.19 following are UP :
KGC,AUY,GG,GLD,VXX,AG,SLW,
FNSR,ABX,AEM.....
BLOG does NOT give buy or sell.
Next post by 2 PM Sunday...
Saleem
Thursday, September 1, 2011
Indices closed down 1.03% to 1.30%......
Indices closed negative due to many factors. First it was profit taking after many days of UP move, second it was Jobs data @ 830 AM which put fear into many traders.
Internals of the market were as follows :
Down volume led by 6.13 to 1 in NYSE & 4.76 to 1 in Nasdaq
Declining stocks led by 2.77 to 1 in NYSE & 3.44 to 1 in Nasdaq
SO.. you can see clearly it was a "spirited selling"
Gold closed @ $1829.10
Oil closed @ $88.93
VIX closed UP .63% @ 31.82.....this is the-most bullish indicator for stocks ..it should have gone UP @ least 10%..based on market weakness & upcoming jobs data......?????
SO..it is all about jobs report @ 830 AM....Expectations are of 75,000 job growth.....GS panicked @ the last minute & reduced its expectations to 25,000 from a low number of 50,000.....
My guess is that we may come between 50,000 to 70,000.....which in government work is a good number...which means we rally....
About market, everyone seems to be very pessimistic & bracing for a major pullback.....BUT individual investors just turned more bullish today @ 38.69%..a six week high...who knows they may be right this time ?
AH News :
FNSR UP 8.77%
NFLX Down 8.69%...News on NFLX is that their contract renewal after Feb 2012 was terminated...this contract content has 8% of NFLX domestic viewing.....AH volume was 605,564, total volume for the day including AH was 3,012,199..while average volume is 4.34 million shares daily .....
AH futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals of the market were as follows :
Down volume led by 6.13 to 1 in NYSE & 4.76 to 1 in Nasdaq
Declining stocks led by 2.77 to 1 in NYSE & 3.44 to 1 in Nasdaq
SO.. you can see clearly it was a "spirited selling"
Gold closed @ $1829.10
Oil closed @ $88.93
VIX closed UP .63% @ 31.82.....this is the-most bullish indicator for stocks ..it should have gone UP @ least 10%..based on market weakness & upcoming jobs data......?????
SO..it is all about jobs report @ 830 AM....Expectations are of 75,000 job growth.....GS panicked @ the last minute & reduced its expectations to 25,000 from a low number of 50,000.....
My guess is that we may come between 50,000 to 70,000.....which in government work is a good number...which means we rally....
About market, everyone seems to be very pessimistic & bracing for a major pullback.....BUT individual investors just turned more bullish today @ 38.69%..a six week high...who knows they may be right this time ?
AH News :
FNSR UP 8.77%
NFLX Down 8.69%...News on NFLX is that their contract renewal after Feb 2012 was terminated...this contract content has 8% of NFLX domestic viewing.....AH volume was 605,564, total volume for the day including AH was 3,012,199..while average volume is 4.34 million shares daily .....
AH futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices waiting for Jobs data........
Indices are down .43% to .76% in anticipation of Jobs Data....
Friday is weekly Option Expiry also
Monday is closed for labor day
Jobs data..no matter what it is...market WANTS to move HIGHER.....
Today's weakness is a smart way to position for UP move...
Internals are 50% weaker
Oil UP 92 cents
Gold Down $4.70
Canadian $ UP 23 tick @ 102.49
VIX Down 1.45% @ 31.16...this is predicting a bullish stock environment....
In my portfolio :
Added 20% KGC @ $17.19...it is now 47.28% of $ weighting, while NFLX 26.22% & BIDU 26.50%
56% exposure
Most stocks are down
@ 1.36 following are green :
CIEN,GG,AUY,GLD,PHYS,POT,
RIMM,LVS,RVBD,MA,V,SU,
JDSU,FNSR,SNDK.
BLOG does NOT give buy or sell.
Saleem
Friday is weekly Option Expiry also
Monday is closed for labor day
Jobs data..no matter what it is...market WANTS to move HIGHER.....
Today's weakness is a smart way to position for UP move...
Internals are 50% weaker
Oil UP 92 cents
Gold Down $4.70
Canadian $ UP 23 tick @ 102.49
VIX Down 1.45% @ 31.16...this is predicting a bullish stock environment....
In my portfolio :
Added 20% KGC @ $17.19...it is now 47.28% of $ weighting, while NFLX 26.22% & BIDU 26.50%
56% exposure
Most stocks are down
@ 1.36 following are green :
CIEN,GG,AUY,GLD,PHYS,POT,
RIMM,LVS,RVBD,MA,V,SU,
JDSU,FNSR,SNDK.
BLOG does NOT give buy or sell.
Saleem
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