Indices went into record breaking UP move, best since March 09.
S&P 500 high was 1247.11, closing @ 1246.96
All indices are above 50 DMA, but Dow is above both 50 DMA & 200 DMA, a very strong technical picture.
Our famous pundit of CNBC is still telling sell,sell,sell & talking in circles & we still do not have Gurus blessing for this rally ?
Internals were as follows :
UP volume led by 24.76 to 1 in NYSE & 11.85 to 1 in Nasdaq
Advancing stocks led by 6.81 to 1 in NYSE & 4.71 to 1 in Nasdaq
After a long time, new 52 wk highs were in the lead, 91 in NYSE & 58 in Nasdaq
VIX tumbled 9.27% @ 27.80
Oil closed @ $100.36
Gold closed @ $1745.50
Stocks do not close UP 4%+, unless it is a significant change in Psychology. Best part of this rally continues to be "disbelief & ongoing selling"......
Month end ended with a bang, & new month & last Q is starting, which may bring more short covering, until Jimmy the Cramer throws in the towel, after taking his lump......
Stocks which were UP 4% or more included BIDU,CNQ,CLF,LVS,LULU,M,
PCLN,RVBD,SNDK,AUY,
MGA,OTEX,GS,TCK,MOS,WYNN,FCX,
GG,MPEL,VMW,FFIV,SLW,CRM,MA,V,
TSL,JKS,MS,JCP,TLM,JDSU,CIEN,FNSR,
ARUN,BAC,C,CSCO,GE.....
Chinese PMI data is old news, thus expect no reaction in markets.
AH ER FNSR Down 2.39%
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 30, 2011
Indices Rocketed UP 3.38% to 3.47% on Central Bank initiative.....NICE !!!
Today indices are UP 3.38% to 3.47% based on many positive developments around the world.
First, China is trying to stimulate its economy by reducing bank reserve requirement by .5%. This is the first reversal in two years.
Second, world Central banks are creating liquidity to the global financial system.
Third, ADP Jobs data was showing strength in Job creation.
Fourth, Chicago manufacturing activity is UP again.
Fifth, housing data is also showing pulse....
All of the above, is creating the biggest short squeeze which i was hoping for.
Our know it all Guru Jimmy the Cramer is calling the above moves as foolish, his short plus sell, sell, sell strategy is making him a "laughing stock of CNBC".......a guru who does NOT follow TAPE but tries to tell TAPE what to do...NEVER works
Gold UP $31.90
Oil UP 81 cents
Canadian $ UP 1.02 cent @ 98.09
VIX Down 7.87% @ 28.23
In my portfolio :
Bought SNDK @ $47.85
Bought M @ $31.75
Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,M,PCLN,RVBD,SNDK,AUY...
This is the highest market exposure in last 5 years.
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
First, China is trying to stimulate its economy by reducing bank reserve requirement by .5%. This is the first reversal in two years.
Second, world Central banks are creating liquidity to the global financial system.
Third, ADP Jobs data was showing strength in Job creation.
Fourth, Chicago manufacturing activity is UP again.
Fifth, housing data is also showing pulse....
All of the above, is creating the biggest short squeeze which i was hoping for.
Our know it all Guru Jimmy the Cramer is calling the above moves as foolish, his short plus sell, sell, sell strategy is making him a "laughing stock of CNBC".......a guru who does NOT follow TAPE but tries to tell TAPE what to do...NEVER works
Gold UP $31.90
Oil UP 81 cents
Canadian $ UP 1.02 cent @ 98.09
VIX Down 7.87% @ 28.23
In my portfolio :
Bought SNDK @ $47.85
Bought M @ $31.75
Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,M,PCLN,RVBD,SNDK,AUY...
This is the highest market exposure in last 5 years.
Most stocks are UP
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 29, 2011
Dow & S&P 500 made back to back gains @ close....NICE !!!!
Today all indices made higher highs, a technical confirmation of strength. S&P 500 & Dow made HIGHER close also.Main reason for strength was that consumer sentiment is @ highest level since July.
This rally has one thing going for it, utter disbelief about its strength & staying power. This should carry us much higher than 1225......
Internals of the market were negative by 50% Max.
Nasdaq fade / weakness was a major surprise.
Wed is the last day of the month, we may get some fireworks going into close.
EU Finance Ministers agreed on expanding funding for rescue fund, details to be worked out with IMF...another step closer to resolution.
Stocks which ended green @ close included CNQ,AUY,CLF,
CMG,GG,SU,CRUS,C,M,TCK,JCP,TLM,BJRI,OTEX,RIMM,
FCX.....
AH ER OVTI Down 11.62% in AH volume of 996,273
AH Futures Down
AH Asian Markets Down
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
This rally has one thing going for it, utter disbelief about its strength & staying power. This should carry us much higher than 1225......
Internals of the market were negative by 50% Max.
Nasdaq fade / weakness was a major surprise.
Wed is the last day of the month, we may get some fireworks going into close.
EU Finance Ministers agreed on expanding funding for rescue fund, details to be worked out with IMF...another step closer to resolution.
Stocks which ended green @ close included CNQ,AUY,CLF,
CMG,GG,SU,CRUS,C,M,TCK,JCP,TLM,BJRI,OTEX,RIMM,
FCX.....
AH ER OVTI Down 11.62% in AH volume of 996,273
AH Futures Down
AH Asian Markets Down
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 UP AGAIN.......NICE !!!!
Dow & S&P 500 are confirming current UPTREND by being UP back to back. This technical confirmation is very significant, as many so-called gurus are trying to talk this market down.
When markets go UP back to back with several headwind, smart traders KNOWS what to do, follow the TAPE......
IF we close higher in any indices, technically we are strong.....
Market internals are mixed ,with Nasdaq being negative.
Gold UP $1.90
Oil UP $1.41
Canadian $ UP 34 tick @ 97.01
VIX Down 2.49% @ 31.33
In my portfolio :
Bought COH @ $59.74
Added 60% LULU @ $47.89..LULU reports before open this Thursday,expecting a beat & guide UP.
Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,PCLN,RVBD,AUY
Here is my $ weighting as of few seconds ago :
PCLN 18.46%
AUY 15.79%
RVBD 14.49%
BIDU 11.52%
CLF 10.35%
LULU 9.31%
COH 7.30%
CNQ 6.39%
LVS 6.39%
@ 2.09 following are green :
CNQ,CLF,AUY,BJRI,CMG,RIMM,TCK,FCX,
GG,SU,C,CRUS,SINA,SOHU,AEM,JCP,KOG...
BLOG does NOT give buy or sell.
Saleem
When markets go UP back to back with several headwind, smart traders KNOWS what to do, follow the TAPE......
IF we close higher in any indices, technically we are strong.....
Market internals are mixed ,with Nasdaq being negative.
Gold UP $1.90
Oil UP $1.41
Canadian $ UP 34 tick @ 97.01
VIX Down 2.49% @ 31.33
In my portfolio :
Bought COH @ $59.74
Added 60% LULU @ $47.89..LULU reports before open this Thursday,expecting a beat & guide UP.
Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,PCLN,RVBD,AUY
Here is my $ weighting as of few seconds ago :
PCLN 18.46%
AUY 15.79%
RVBD 14.49%
BIDU 11.52%
CLF 10.35%
LULU 9.31%
COH 7.30%
CNQ 6.39%
LVS 6.39%
@ 2.09 following are green :
CNQ,CLF,AUY,BJRI,CMG,RIMM,TCK,FCX,
GG,SU,C,CRUS,SINA,SOHU,AEM,JCP,KOG...
BLOG does NOT give buy or sell.
Saleem
Monday, November 28, 2011
Indices closed UP 2.59% to 3.52%.....NICE !!!!
Indices were UP nicely due to many positive catalysts, from oversold conditions to record Black Friday to European movement on debts......BUT many pundits are calling it "no nothing rally"
From Jimmy the Cramer to Adami, they are saying sell, sell & sell fast as the party will be over by 10 AM Tuesday.......
I wish life is that simple, we do have serious short covering rally as people in the know KNOWS that we may have seen the lows for a while. Markets will be trading in a new range until real resolutions are adopted in Europe.
US is certainly on the mend, as most US economic data is encouraging & better than expected.US had the best Full day after Thanksgiving in markets since 1941, maybe the CNBC pundits need to catch up on US historical market data.
Markets will be on the defensive until auction of $8 Billion Italian bond is completed on Tuesday. This may be countered by EU Finance Ministers agreement for future strategies to deal with debt issues.
Internals of the markets were as follows :
UP volume led by 39.30 to 1 in NYSE & 15.01 to 1 in Nasdaq
Advancing stocks led by 5.29 to 1 in NYSE & 5.27 to 1 in Nasdaq
Volume was slightly below average in S&P 500 & Nasdaq, BUT higher than average in Dow
VIX closed Down 6.79% @ 32.13
Oil closed @ $98.21
Gold closed @ $1710.80
Stocks which were UP 4% or more included BIDU,CNQ,CLF,LVS,LULU,RVBD,
AMZN,M,COH,MGA,BWLD,APKT,
TCK,FCX,SNDK,WYNN,MPEL,VMW,
FFIV,QCOM,GOOG,CRM,V,MA,JKS,TLM,
TSL,MS,JDSU,CIEN,FNSR,C,ARUN.......
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
From Jimmy the Cramer to Adami, they are saying sell, sell & sell fast as the party will be over by 10 AM Tuesday.......
I wish life is that simple, we do have serious short covering rally as people in the know KNOWS that we may have seen the lows for a while. Markets will be trading in a new range until real resolutions are adopted in Europe.
US is certainly on the mend, as most US economic data is encouraging & better than expected.US had the best Full day after Thanksgiving in markets since 1941, maybe the CNBC pundits need to catch up on US historical market data.
Markets will be on the defensive until auction of $8 Billion Italian bond is completed on Tuesday. This may be countered by EU Finance Ministers agreement for future strategies to deal with debt issues.
Internals of the markets were as follows :
UP volume led by 39.30 to 1 in NYSE & 15.01 to 1 in Nasdaq
Advancing stocks led by 5.29 to 1 in NYSE & 5.27 to 1 in Nasdaq
Volume was slightly below average in S&P 500 & Nasdaq, BUT higher than average in Dow
VIX closed Down 6.79% @ 32.13
Oil closed @ $98.21
Gold closed @ $1710.80
Stocks which were UP 4% or more included BIDU,CNQ,CLF,LVS,LULU,RVBD,
AMZN,M,COH,MGA,BWLD,APKT,
TCK,FCX,SNDK,WYNN,MPEL,VMW,
FFIV,QCOM,GOOG,CRM,V,MA,JKS,TLM,
TSL,MS,JDSU,CIEN,FNSR,C,ARUN.......
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices UP 2.76% to 3.51% on positive retail sales & Euro news....NICE !!!
Indices are celebrating Black Friday Sales & positive development on Euro rescue plan.
Indices were also deeply oversold, which is adding fuel to bullish fire.
Internals of the market are as follows :
UP volume leading by 50.92 to 1 in NYSE & 11.01 to 1 in Nasdaq
Advancing stocks are leading by 6.98 to 1 in NYSE & 5.7 to 1 in Nasdaq
VIX Down 5.57% @ 32.55
Oil UP 80 cents
Gold UP $24.70
Canadian $ UP 1.25 cent @ 96.78
In my portfolio :
Bought AUY @ $15.14, its my second largest position.
Portfolio is BIDU,CNQ,CLF,LVS,LULU,PCLN,RVBD,AUY.....
Most stocks are UP
Inverse ETF are down.
BLOG does NOT give buy or sell.
Saleem
Indices were also deeply oversold, which is adding fuel to bullish fire.
Internals of the market are as follows :
UP volume leading by 50.92 to 1 in NYSE & 11.01 to 1 in Nasdaq
Advancing stocks are leading by 6.98 to 1 in NYSE & 5.7 to 1 in Nasdaq
VIX Down 5.57% @ 32.55
Oil UP 80 cents
Gold UP $24.70
Canadian $ UP 1.25 cent @ 96.78
In my portfolio :
Bought AUY @ $15.14, its my second largest position.
Portfolio is BIDU,CNQ,CLF,LVS,LULU,PCLN,RVBD,AUY.....
Most stocks are UP
Inverse ETF are down.
BLOG does NOT give buy or sell.
Saleem
Sunday, November 27, 2011
Markets are in deep oversold conditions, technical bounce imminent.....
-Indices are in deep oversold conditions with RSI @ 34.39 in Nasdaq.
-Bearish headlines are all over in the media
-Most traders, institutions, hedge funds are "under invested"
-Short interest are as high as they were in March of 09
The above is a "recipe" for a major bounce & could result in the biggest short squeeze ever seen.
Retail consumers are totally "unfazed" by media & had the biggest Black Friday sales in history, retail sales are UP a record breaking 6.6%...
Most technicians believe that there is strong support around 1100 in S&P 500, last close @ 1158.67
Europe certainly has "spooked" major allocation in stocks. European debt crisis & US political lack of will to do anything for the good of the country, has eroded investor confidence to the lowest level which i have observed.
No wonder that we are languishing barely above 1100, this is the same level where we were @ 10 yrs ago.........no wonder many retail investors have given up......as they can clearly see that they have lost money in last 10 years of investing / contributing to IRA / 401 K......
BUT some of us have nothing better to do, than be fixated in this market....
As I continue to believe that, RSI in 34 area is a major trading point based on history.......
IF you can stomach European 72 hour get together & no real progress....then currently, this market can make some dough......
I continue to add, in this downward gyrating market with the believe that those who are positioned "in the market" will come out ahead, EVENTUALLY......
Here is my $ weighting as of Friday :
PCLN 25.17%
RVBD 19.76%
BIDU 15.71%
CLF 14.11%
CNQ 8.72%
LVS 8.71%
LULU 7.82%
Please make sure that you are monitoring your portfolio closely & making necessary changes.
TAPE has been showing some relative strength, hopefully you are trading with that FOCUS.
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
PS..I firmly believe that "new stimulus" is coming to US,Canada,China & Europe..which will give big boost to this sick economy & market.
Saleem
-Bearish headlines are all over in the media
-Most traders, institutions, hedge funds are "under invested"
-Short interest are as high as they were in March of 09
The above is a "recipe" for a major bounce & could result in the biggest short squeeze ever seen.
Retail consumers are totally "unfazed" by media & had the biggest Black Friday sales in history, retail sales are UP a record breaking 6.6%...
Most technicians believe that there is strong support around 1100 in S&P 500, last close @ 1158.67
Europe certainly has "spooked" major allocation in stocks. European debt crisis & US political lack of will to do anything for the good of the country, has eroded investor confidence to the lowest level which i have observed.
No wonder that we are languishing barely above 1100, this is the same level where we were @ 10 yrs ago.........no wonder many retail investors have given up......as they can clearly see that they have lost money in last 10 years of investing / contributing to IRA / 401 K......
BUT some of us have nothing better to do, than be fixated in this market....
As I continue to believe that, RSI in 34 area is a major trading point based on history.......
IF you can stomach European 72 hour get together & no real progress....then currently, this market can make some dough......
I continue to add, in this downward gyrating market with the believe that those who are positioned "in the market" will come out ahead, EVENTUALLY......
Here is my $ weighting as of Friday :
PCLN 25.17%
RVBD 19.76%
BIDU 15.71%
CLF 14.11%
CNQ 8.72%
LVS 8.71%
LULU 7.82%
Please make sure that you are monitoring your portfolio closely & making necessary changes.
TAPE has been showing some relative strength, hopefully you are trading with that FOCUS.
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
PS..I firmly believe that "new stimulus" is coming to US,Canada,China & Europe..which will give big boost to this sick economy & market.
Saleem
Friday, November 25, 2011
Indices closed @ lows of the day AGAIN.....
Indices closed @ lows of the day on Belgium downgrade by S&P.
Timing of Belgium downgrade was PERFECT, few minutes before close ?
S&P low today was 1158.66, we closed @ 1158.67
RSI @ 36.39
CMF is negative now @ <0.097>
Internals of the market were as follows :
Down volume led by 1.46 to 1 in NYSE & 2.59 to 1 in Nasdaq
Declining stocks led by 1.31 to 1 in NYSE & 2.61 to 1 in Nasdaq
New 52 wk lows were in the lead AGAIN, 115 in NYSE & 149 in Nasdaq
Oil closed @ $96
Gold closed @ $1685.70
VIX closed @ 34.47 UP 1.44%
Stocks which ended green included BIDU,RVBD,
CMG,APKT,MS,C,CTRP,FMCN,PWRD,GS,IBN.....
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
Timing of Belgium downgrade was PERFECT, few minutes before close ?
S&P low today was 1158.66, we closed @ 1158.67
RSI @ 36.39
CMF is negative now @ <0.097>
Internals of the market were as follows :
Down volume led by 1.46 to 1 in NYSE & 2.59 to 1 in Nasdaq
Declining stocks led by 1.31 to 1 in NYSE & 2.61 to 1 in Nasdaq
New 52 wk lows were in the lead AGAIN, 115 in NYSE & 149 in Nasdaq
Oil closed @ $96
Gold closed @ $1685.70
VIX closed @ 34.47 UP 1.44%
Stocks which ended green included BIDU,RVBD,
CMG,APKT,MS,C,CTRP,FMCN,PWRD,GS,IBN.....
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 23, 2011
Indices closed @ lowest level in low volume.....
Dow, Nasdaq & S&P 500 made history today by closing @ the lowest point of the day including fractions, never seen this "orchestration" before, i guess black boxes can be pre-programmed to do anything.
Indices were down 2.05% to 2.43% in low volume.
S&P 500 closed @ 1161.79
RSI 36.88, Nasdaq RSI @ 35.65
Internals were as follows :
Down volume led by 25.31 to 1 in NYSE & 14.53 to 1 in Nasdaq
Declining stocks led by 7.52 to 1 in NYSE & 5.94 to 1 in Nasdaq
New 52 wk low were in the lead, 165 in NYSE & 189 in Nasdaq
VIX closed UP 6.29% @ 33.98
Oil closed @ $96.17
Gold closed @ $1695.90
We all need to believe that buying near lows can be extremely profitable. YES European debt crisis is going on much longer than expectations, but market is in the process of discounting the depth of this issue. When it has finished doing that, expect a major move UP.
When we go UP, hard to tell, but i am positioned to take advantage of that when it happens.The way it closed today, it could be the low point, only time will tell. Trust me, this has been very painful for me also, as LOGICAL approach has not worked out so far, but i am sure in the end it will.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold down
BLOG does NOT give buy or sell.
World markets are open full day on Thursday including Canada. IF you want to check any stock which is Canadian based, all you have to do is same symbol most of the time with the .TO next to it. some exception is RIM.TO, K.TO, G.TO, OTC.TO,YRI.TO, LLL.TO rest of them same like CNQ,TLM,SU, ABX,POT,AGU.AEM......
PS......Next post on Friday after close.
HAPPY THANKSGIVING !!!!
Saleem
Indices were down 2.05% to 2.43% in low volume.
S&P 500 closed @ 1161.79
RSI 36.88, Nasdaq RSI @ 35.65
Internals were as follows :
Down volume led by 25.31 to 1 in NYSE & 14.53 to 1 in Nasdaq
Declining stocks led by 7.52 to 1 in NYSE & 5.94 to 1 in Nasdaq
New 52 wk low were in the lead, 165 in NYSE & 189 in Nasdaq
VIX closed UP 6.29% @ 33.98
Oil closed @ $96.17
Gold closed @ $1695.90
We all need to believe that buying near lows can be extremely profitable. YES European debt crisis is going on much longer than expectations, but market is in the process of discounting the depth of this issue. When it has finished doing that, expect a major move UP.
When we go UP, hard to tell, but i am positioned to take advantage of that when it happens.The way it closed today, it could be the low point, only time will tell. Trust me, this has been very painful for me also, as LOGICAL approach has not worked out so far, but i am sure in the end it will.
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold down
BLOG does NOT give buy or sell.
World markets are open full day on Thursday including Canada. IF you want to check any stock which is Canadian based, all you have to do is same symbol most of the time with the .TO next to it. some exception is RIM.TO, K.TO, G.TO, OTC.TO,YRI.TO, LLL.TO rest of them same like CNQ,TLM,SU, ABX,POT,AGU.AEM......
PS......Next post on Friday after close.
HAPPY THANKSGIVING !!!!
Saleem
Indices down 1.64% to 1.98%.......
Indices are hitting lower lows on European,Chinese & US issues.
S&P 500 went to 1163.79 @ low of the day, currently @ 1166.68.
RSI @ 37.57
CMF is positive & improving.
Internals are as follows :
Down volume led by 16.84 to 1 in NYSE & 7.98 to 1 in Nasdaq
Declining stocks led by 6.67 to 1 in NYSE & 5.10 to 1 in Nasdaq
New 52 wk lows are in the lead, 205 in NYSE & 327 in Nasdaq
Gold Down $7.50
Oil Down $1.57
Canadian $ Down 80 tick @ 95.54
VIX UP 3.72% @ 33.16
In my portfolio :
Added 40% BIDU @ $120.47
Bought LULU @ $46.65
Portfolio is BIDU,CNQ,CLF,LVS,LULU,PCLN,RVBD
Most stocks are down
@ 2.03 following are green:
JKS,TSL,ARUN,LDK,SOL,MGA....
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1163.79 @ low of the day, currently @ 1166.68.
RSI @ 37.57
CMF is positive & improving.
Internals are as follows :
Down volume led by 16.84 to 1 in NYSE & 7.98 to 1 in Nasdaq
Declining stocks led by 6.67 to 1 in NYSE & 5.10 to 1 in Nasdaq
New 52 wk lows are in the lead, 205 in NYSE & 327 in Nasdaq
Gold Down $7.50
Oil Down $1.57
Canadian $ Down 80 tick @ 95.54
VIX UP 3.72% @ 33.16
In my portfolio :
Added 40% BIDU @ $120.47
Bought LULU @ $46.65
Portfolio is BIDU,CNQ,CLF,LVS,LULU,PCLN,RVBD
Most stocks are down
@ 2.03 following are green:
JKS,TSL,ARUN,LDK,SOL,MGA....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 22, 2011
Lower lows & lower volume in Indices.......
Indices were under pressure again on European "news" ala IMF plus Fed minutes, which confirms slow growth of US economy.Yes US economy is growing as per Fed.......
After close Fed gave markets another surprise of "stress test of six US banks"...just what we needed @ this technical level.
IF all of the above was "not enough", few minutes ago Chinese Nov PMI came in @ 32 month low of 48.In Oct it was @ 51, in Sep it was 49.9......
So Futures have been down in anticipation of bad PMI or "leaked info"......
Question is ......how much can this market take in terms of daily bad news ?
In my opinion Wednesday close will define this market......
As we know that we are closed on Thursday for Thanksgiving & Friday we close @ 1 PM......
S&P 500 went to 1181.65 as low of the day, closing @ 1188.04
RSI @ 41.25
Oil closed @ $98.01
Gold closed @ $1702.40
VIX closed @ 32.00 down 2.77%..even VIX is confused ?
AH Futures are Down as follows :
Dow down 134.72...this is an improvement from down 152
S&P 500 down 16.44
Nasdaq down 23.83
AH Asian Markets down, but above lows?
AH Gold UP $5.10....was UP $8..is gold confused too?
AH Oil down $1.26
BLOG does NOT give buy or sell.
Saleem
After close Fed gave markets another surprise of "stress test of six US banks"...just what we needed @ this technical level.
IF all of the above was "not enough", few minutes ago Chinese Nov PMI came in @ 32 month low of 48.In Oct it was @ 51, in Sep it was 49.9......
So Futures have been down in anticipation of bad PMI or "leaked info"......
Question is ......how much can this market take in terms of daily bad news ?
In my opinion Wednesday close will define this market......
As we know that we are closed on Thursday for Thanksgiving & Friday we close @ 1 PM......
S&P 500 went to 1181.65 as low of the day, closing @ 1188.04
RSI @ 41.25
Oil closed @ $98.01
Gold closed @ $1702.40
VIX closed @ 32.00 down 2.77%..even VIX is confused ?
AH Futures are Down as follows :
Dow down 134.72...this is an improvement from down 152
S&P 500 down 16.44
Nasdaq down 23.83
AH Asian Markets down, but above lows?
AH Gold UP $5.10....was UP $8..is gold confused too?
AH Oil down $1.26
BLOG does NOT give buy or sell.
Saleem
Indices mixed, with Nasdaq showing green.....
Indices are mixed, but Nasdaq is giving green today.
Internals are negative.
Gold Down $2.90
Oil UP 89 cents
Canadian $ UP 26 tick @ 96.51
VIX Down 3.92% @ 31.62...good indicator for a green close.
In my portfolio :
Sold FRO
Added 65% CLF @ $64.42
Portfolio is BIDU,CNQ,CLF,LVS,PCLN,RVBD
Here is my $ weighting as of few seconds ago :
PCLN 28.87%
RVBD 20.78%
CLF 16.74%
BIDU 12.55%
LVS 10.63%
CNQ 10.43%
Most of the stocks are down
@ 2.29 following are green :
PCLN,LVS,BIDU,MGA,AUY,AAPL,AMZN,
SNDK,WYNN,CMG,GG,MPEL,QCOM,SLW,
MA,TSL,TLM,CTRP,FMCN,LDK,ABX,KGC,
NYX,BWLD.....
BLOG does NOT give buy or sell.
Saleem
Internals are negative.
Gold Down $2.90
Oil UP 89 cents
Canadian $ UP 26 tick @ 96.51
VIX Down 3.92% @ 31.62...good indicator for a green close.
In my portfolio :
Sold FRO
Added 65% CLF @ $64.42
Portfolio is BIDU,CNQ,CLF,LVS,PCLN,RVBD
Here is my $ weighting as of few seconds ago :
PCLN 28.87%
RVBD 20.78%
CLF 16.74%
BIDU 12.55%
LVS 10.63%
CNQ 10.43%
Most of the stocks are down
@ 2.29 following are green :
PCLN,LVS,BIDU,MGA,AUY,AAPL,AMZN,
SNDK,WYNN,CMG,GG,MPEL,QCOM,SLW,
MA,TSL,TLM,CTRP,FMCN,LDK,ABX,KGC,
NYX,BWLD.....
BLOG does NOT give buy or sell.
Saleem
Monday, November 21, 2011
Indices closed down 1.86% to 2.11%...
Indices were given double whammy by France potential rating cut & US political gamesmanship.
Indices closed well above lows of the day.
Internals of the market were as follows :
Down volume led by 13.97 to 1 in NYSE & 5.29 to 1 in Nasdaq
Declining stocks led by 5.85 to 1 in NYSE & 4.87 to 1 in Nasdaq
New 52 wk lows were in the lead 101 in NYSE & 150 in Nasdaq
VIX closed UP 2.84% @ 32.91, this was giving clear signal that markets are turning UP....
AH ER were greeted as follows :
HPQ Down 1.27%
BRCD UP 5.58%
JKS Down 12.28%
TSL Down 6.10%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices closed well above lows of the day.
Internals of the market were as follows :
Down volume led by 13.97 to 1 in NYSE & 5.29 to 1 in Nasdaq
Declining stocks led by 5.85 to 1 in NYSE & 4.87 to 1 in Nasdaq
New 52 wk lows were in the lead 101 in NYSE & 150 in Nasdaq
VIX closed UP 2.84% @ 32.91, this was giving clear signal that markets are turning UP....
AH ER were greeted as follows :
HPQ Down 1.27%
BRCD UP 5.58%
JKS Down 12.28%
TSL Down 6.10%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices down 2.5% on reaction to US inaction & France......
Indices are reacting negatively to US politicians incompetence & self serving agenda, country's interest is not part of their doctrine.
France is also in focus as per rating agency.
Indices are down 2.5% so far.
Internals of the market are as follows :
Down volume leading by 24.56 to 1 in NYSE & 11.01 to 1 in Nasdaq
Declining stocks are leading by 8.12 to 1 in NYSE & 5.16 to 1 in Nasdaq
New 52 wk lows are in lead by far 188 in NYSE & 320 in Nasdaq
S&P 500 went to 1183.16 @ low of the day
RSI @ 41.61
Gold Down $50.30
Oil Down $1.35
Canadian $ Down 91 tick @ 96.39
VIX UP 6.47% @ 34.07...this is surprisingly tame, good news for bulls ?
In my portfolio :
Bought CLF @ $64.72
Bought CNQ @ $34.74
Bought LVS @ $43.40
Portfolio is BIDU,CNQ,CLF,FRO,LVS,PCLN,RVBD
Most stocks are down
BLOG does NOT give buy or sell.
Saleem
France is also in focus as per rating agency.
Indices are down 2.5% so far.
Internals of the market are as follows :
Down volume leading by 24.56 to 1 in NYSE & 11.01 to 1 in Nasdaq
Declining stocks are leading by 8.12 to 1 in NYSE & 5.16 to 1 in Nasdaq
New 52 wk lows are in lead by far 188 in NYSE & 320 in Nasdaq
S&P 500 went to 1183.16 @ low of the day
RSI @ 41.61
Gold Down $50.30
Oil Down $1.35
Canadian $ Down 91 tick @ 96.39
VIX UP 6.47% @ 34.07...this is surprisingly tame, good news for bulls ?
In my portfolio :
Bought CLF @ $64.72
Bought CNQ @ $34.74
Bought LVS @ $43.40
Portfolio is BIDU,CNQ,CLF,FRO,LVS,PCLN,RVBD
Most stocks are down
BLOG does NOT give buy or sell.
Saleem
Saturday, November 19, 2011
Cross-currents for shortened Thanksgiving week.....?
Here we are @ the start of 3.5 days of trading, for shortened Thanksgiving week.
There are many cross-currents to impact trading this week.
On the positive note :
-Europe seems to be taking its job seriously of deficit cutting, there is a strong will for that be in EU, ECB & affected countries.
-US economy is chugging along nicely, we have gone past the slowdown. No talk of recession now except by Roubini who can imagine the worst of scenario in his mindset.
-Q4 strength is obvious in every economic report, even unemployment claims taking series of dips.
On the negative note :
-US politicians lack the will to excel in their job execution. They know they cannot be fired for a lousy job performance. The non-super committee will do a partial agreement @ the last second, which will eliminate automatic across the board 2.5 %expense reduction. This mediocre job performance should be greeted positively by Wall Street.
IF we get US politicians to perform @ the lowest expectations, then we should have a very nice "thanksgiving rally"
Oil closed @ $97.79...this is telling me that growth is / will be accelerating as we go along.
S&P 500 & Dow is still strong technically, they are still above "key technical levels"
Nasdaq dipped below both 50 DMA & 200 DMA, as selling accelerated in High Fliers.
IF we see Europe & US making positive economic move in the right direction, then it is not far fetched to launch the rally of 2011 & 2012 right here....
IF we start rallying, then we have a strong chance of creating "Golden Cross" in all indices, which is a precursor of new highs in Dow & S&P 500. Using "standard deviation analysis" indices can make new highs in Dow & S&P 500.....
Now that i got your attention, lets us look @ how many popular stocks have fared in last 52 wks compared to their closing on Friday, who knows, you may be the lucky one to be most thankful about this thanksgiving day :
Stock...........52 wk high.........last........change....% down
QCOM..........$59.84...........$55.67...<$4.17>..<6.97%>
GOOG...........$642.96......$594.88...<48.08>..<7.48%>
SNDK............$53.61.........$48.72....<$4.89>..<9.12%>
SEE, these are the top 3 performer...some of us missed it completely ?
PCLN...........$561.88......$594.88...<$64.96>..<11.56%>
AAPL..........$426.70.......$$374.94..<$51.76>.<12.13%>
LVS..............$52.08........$45.27.....<$6.81>....<13.08%>
I am sure MANY of us were in these stocks !!!!!
ORCL...........$36.50......$30.60.....<$5.00>.....<13.70%>
AMZN.........$246.71....$197.14....<$49.57>....<20.09%>
BIDU...........$165.96....$126.93....<$39.03>....<23.52%>
LULU...........$64.49.....$49.06......<$15.43>....<23.93%>
RVBD..........$44.70......$26.07.....<$18.63>....<41.68%>
FRO..............$28.93.....$5.79........<$23.14>...<79.99%>
So, this is a very interesting list to take a note of.
YES....i was surprised by top 3, which got negligible attention from Gurus on CNBC?
Maybe there is MORE to doing our OWN homework, than being fixated on CNBC for answers?
There is lot to think about from the above list & make decision from.
Something to think about in this Thanksgiving week.
Good luck in your preparation for a "very elusive rally", it may come very quickly to catch us unprepared.
HAPPY THANKSGIVING !!!!
BLOG does NOT give buy or sell.
Saleem
There are many cross-currents to impact trading this week.
On the positive note :
-Europe seems to be taking its job seriously of deficit cutting, there is a strong will for that be in EU, ECB & affected countries.
-US economy is chugging along nicely, we have gone past the slowdown. No talk of recession now except by Roubini who can imagine the worst of scenario in his mindset.
-Q4 strength is obvious in every economic report, even unemployment claims taking series of dips.
On the negative note :
-US politicians lack the will to excel in their job execution. They know they cannot be fired for a lousy job performance. The non-super committee will do a partial agreement @ the last second, which will eliminate automatic across the board 2.5 %expense reduction. This mediocre job performance should be greeted positively by Wall Street.
IF we get US politicians to perform @ the lowest expectations, then we should have a very nice "thanksgiving rally"
Oil closed @ $97.79...this is telling me that growth is / will be accelerating as we go along.
S&P 500 & Dow is still strong technically, they are still above "key technical levels"
Nasdaq dipped below both 50 DMA & 200 DMA, as selling accelerated in High Fliers.
IF we see Europe & US making positive economic move in the right direction, then it is not far fetched to launch the rally of 2011 & 2012 right here....
IF we start rallying, then we have a strong chance of creating "Golden Cross" in all indices, which is a precursor of new highs in Dow & S&P 500. Using "standard deviation analysis" indices can make new highs in Dow & S&P 500.....
Now that i got your attention, lets us look @ how many popular stocks have fared in last 52 wks compared to their closing on Friday, who knows, you may be the lucky one to be most thankful about this thanksgiving day :
Stock...........52 wk high.........last........change....% down
QCOM..........$59.84...........$55.67...<$4.17>..<6.97%>
GOOG...........$642.96......$594.88...<48.08>..<7.48%>
SNDK............$53.61.........$48.72....<$4.89>..<9.12%>
SEE, these are the top 3 performer...some of us missed it completely ?
PCLN...........$561.88......$594.88...<$64.96>..<11.56%>
AAPL..........$426.70.......$$374.94..<$51.76>.<12.13%>
LVS..............$52.08........$45.27.....<$6.81>....<13.08%>
I am sure MANY of us were in these stocks !!!!!
ORCL...........$36.50......$30.60.....<$5.00>.....<13.70%>
AMZN.........$246.71....$197.14....<$49.57>....<20.09%>
BIDU...........$165.96....$126.93....<$39.03>....<23.52%>
LULU...........$64.49.....$49.06......<$15.43>....<23.93%>
RVBD..........$44.70......$26.07.....<$18.63>....<41.68%>
FRO..............$28.93.....$5.79........<$23.14>...<79.99%>
So, this is a very interesting list to take a note of.
YES....i was surprised by top 3, which got negligible attention from Gurus on CNBC?
Maybe there is MORE to doing our OWN homework, than being fixated on CNBC for answers?
There is lot to think about from the above list & make decision from.
Something to think about in this Thanksgiving week.
Good luck in your preparation for a "very elusive rally", it may come very quickly to catch us unprepared.
HAPPY THANKSGIVING !!!!
BLOG does NOT give buy or sell.
Saleem
Friday, November 18, 2011
Dow closed green despite option expiry & European issues....NICE !!!
Dow was the only indice to close green by 25 points, this is a victory for bulls as markets were under pressure with option expiry & European issues.US politicians are @ it again with no agreement or consensus with days left, spooking markets AGAIN.....
S&P 500 low today was1211.36, closing @ 1215.65
RSI @ close was 46.28
Internals were mixed, with Dow showing strength & Nasdaq weaker.
Gold UP $6.00
Oil Down $1.37
Canadian $ UP 16 tick @ 97.36
VIX Down 7.27% @ 32.00, most encouraging news for bulls
Portfolio is BIDU,FRO,PCLN,RVBD
Action in PCLN & BIDU was horrible, was it Option Expiry manipulation or reflecting ongoing Nasdaq weakness.Most high fliers are having serious technical breakdown.
Stocks which closed green included FRO,
FCX,BWLD,MOS,TLM,MS,MA,C,ARUN,
CLF,FMCN,PWRD,NYX,NDAQ,WYNN,
IBN,AGU,POT.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was1211.36, closing @ 1215.65
RSI @ close was 46.28
Internals were mixed, with Dow showing strength & Nasdaq weaker.
Gold UP $6.00
Oil Down $1.37
Canadian $ UP 16 tick @ 97.36
VIX Down 7.27% @ 32.00, most encouraging news for bulls
Portfolio is BIDU,FRO,PCLN,RVBD
Action in PCLN & BIDU was horrible, was it Option Expiry manipulation or reflecting ongoing Nasdaq weakness.Most high fliers are having serious technical breakdown.
Stocks which closed green included FRO,
FCX,BWLD,MOS,TLM,MS,MA,C,ARUN,
CLF,FMCN,PWRD,NYX,NDAQ,WYNN,
IBN,AGU,POT.....
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, November 17, 2011
Indices closed down again.......
Indices were subjected to typical bear market action for two days in a row, open better & close weaker is the new mantra.
S&P 500 went to 1209.43, but closed @ 1216.13
RSI closed @ 46.37
Internals of the market were as follows :
Down volume led by 12.36 to 1 in NYSE & 5.73 to 1 in Nasdaq
Declining stocks led by 4.15 to 1 in NYSE & 2.53 to 1 in Nasdaq
VIX closed @ 34.51 UP 2.98%, this is telling me that market reversal is imminent.
Volume has been higher past two days, which means most of the selling is out of the way.
On the guru front, Jimmy the Cramer is extremely pessimistic, saying no one should be in this market or take your money & wait for a day like today..... that kind of pessimism is a known contrary indicator.
Adami guarantees everyone that 1190 is a given, everytime he predicts that, he has been proven wrong.
Fast Money gang was so depressed that Mr Cassanova (Terranova) is predicting "no end of the year rally this year"
SO, based on Guru read & VIX, do not be surprised IF we close UP on the day.
European issues are known to just about everyone & their grandmother by now, but we keep going down...which is puzzling to me...
So cheer up, just about everyone is down on this market, which means we are all set to rally hard.....
Oil closed @ $98.82
Gold closed @ $1720.20
AH ER were greeted as follows :
INTU UP .10%
CRM Down 6.46%
MRVL UP 3.20%
AH Futures are Mixed
AH Asian Markets are Down
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1209.43, but closed @ 1216.13
RSI closed @ 46.37
Internals of the market were as follows :
Down volume led by 12.36 to 1 in NYSE & 5.73 to 1 in Nasdaq
Declining stocks led by 4.15 to 1 in NYSE & 2.53 to 1 in Nasdaq
VIX closed @ 34.51 UP 2.98%, this is telling me that market reversal is imminent.
Volume has been higher past two days, which means most of the selling is out of the way.
On the guru front, Jimmy the Cramer is extremely pessimistic, saying no one should be in this market or take your money & wait for a day like today..... that kind of pessimism is a known contrary indicator.
Adami guarantees everyone that 1190 is a given, everytime he predicts that, he has been proven wrong.
Fast Money gang was so depressed that Mr Cassanova (Terranova) is predicting "no end of the year rally this year"
SO, based on Guru read & VIX, do not be surprised IF we close UP on the day.
European issues are known to just about everyone & their grandmother by now, but we keep going down...which is puzzling to me...
So cheer up, just about everyone is down on this market, which means we are all set to rally hard.....
Oil closed @ $98.82
Gold closed @ $1720.20
AH ER were greeted as follows :
INTU UP .10%
CRM Down 6.46%
MRVL UP 3.20%
AH Futures are Mixed
AH Asian Markets are Down
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices testing major support of 50 DMA in S&P 500.....
S&P 500 went to 1211.65 as low of the day, next support is 1205.59.
IF we could hold 50 DMA, then it looks good, otherwise 1074.77.....
Internals are as follows :
Down volume leading by 12 to 1 in NYSE & 3.66 to 1 in Nasdaq
Declining stocks leading by 3.81 to 1 in NYSE & 2.13 to 1 in Nasdaq
VIX UP 5.88% @ 35.48...this may give some hope to bulls.....
Most stocks are breaking double or triple support today, which is not healthy @ all.
Oil Down $3.39
Gold Down $25.10
Canadian $ Down 25 tick @ 97.38
Reason for today's selling is "risk off"
In my portfolio :
Sold LVS
Bought FRO @ $5.89
Portfolio is BIDU,FRO,PCLN,RVBD......
Most stocks are down
@ 1.38 following are green :
FRO,MGA,NTES,BWLD,FNSR,CTRP....
As long we do not close @ lows of the day, then we may be OK.
BLOG does NOT give buy or sell.
Saleem
IF we could hold 50 DMA, then it looks good, otherwise 1074.77.....
Internals are as follows :
Down volume leading by 12 to 1 in NYSE & 3.66 to 1 in Nasdaq
Declining stocks leading by 3.81 to 1 in NYSE & 2.13 to 1 in Nasdaq
VIX UP 5.88% @ 35.48...this may give some hope to bulls.....
Most stocks are breaking double or triple support today, which is not healthy @ all.
Oil Down $3.39
Gold Down $25.10
Canadian $ Down 25 tick @ 97.38
Reason for today's selling is "risk off"
In my portfolio :
Sold LVS
Bought FRO @ $5.89
Portfolio is BIDU,FRO,PCLN,RVBD......
Most stocks are down
@ 1.38 following are green :
FRO,MGA,NTES,BWLD,FNSR,CTRP....
As long we do not close @ lows of the day, then we may be OK.
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 16, 2011
Indices were pushed down in last hour manipulation.......
Today was one of those days when you can clearly see how markets are easily manipulated, but SEC stays out of the way of these well known crooks......
The whole world knows about European financial exposure of some US banks, a fact which has kept many bank stocks near lows since 2008.....
Last hour push by these crooks with their relentless selling of index took a major toll in indices, after it was over in 60 minutes indices were down 1.58% to 1.73%.....
S&P 500 closed @ 1236.91, still comfortably above 1225 support.
RSI @ 50.31, still technically healthy range...
Internals of the market were as follows :
Down volume led by 5.58 to 1 in NYSE & 3.47 to 1 in Nasdaq
Declining stocks led by 3.2 to 1 in NYSE & 2.89 to 1 in Nasdaq
IF you look @ these ratios, it is clear that broad market did not reflect index selling......ratios were pretty mild especially in Nasdaq.......
VIX UP 7.34% @ 33.51..again relatively tame
Oil closed @ $102.59, is deeply overbought on manipulated issue of Iran attack.
Gold closed @ $1774.30.....IF Iran is being attacked Gold will be @ $2500 per Oz
In my portfolio :
Added 70% BIDU @ $139.54...before the big selling?
Portfolio is BIDU,LVS,PCLN,RVBD
$ weighting of my portfolio is :
PCLN 35.80%
RVBD 26.00%
LVS 22.89%
BIDU 15.31%
As you can see i am mostly in Tech, which is expected to outperform in Q4 & Q1.
US economy showing "major improvement", thus overweight in stocks are highly recommended, except for financials which is facing many challenges.
AH ER were greeted as follows:
AMAT Down 2.49%
NTAP Down 7.00%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
The whole world knows about European financial exposure of some US banks, a fact which has kept many bank stocks near lows since 2008.....
Last hour push by these crooks with their relentless selling of index took a major toll in indices, after it was over in 60 minutes indices were down 1.58% to 1.73%.....
S&P 500 closed @ 1236.91, still comfortably above 1225 support.
RSI @ 50.31, still technically healthy range...
Internals of the market were as follows :
Down volume led by 5.58 to 1 in NYSE & 3.47 to 1 in Nasdaq
Declining stocks led by 3.2 to 1 in NYSE & 2.89 to 1 in Nasdaq
IF you look @ these ratios, it is clear that broad market did not reflect index selling......ratios were pretty mild especially in Nasdaq.......
VIX UP 7.34% @ 33.51..again relatively tame
Oil closed @ $102.59, is deeply overbought on manipulated issue of Iran attack.
Gold closed @ $1774.30.....IF Iran is being attacked Gold will be @ $2500 per Oz
In my portfolio :
Added 70% BIDU @ $139.54...before the big selling?
Portfolio is BIDU,LVS,PCLN,RVBD
$ weighting of my portfolio is :
PCLN 35.80%
RVBD 26.00%
LVS 22.89%
BIDU 15.31%
As you can see i am mostly in Tech, which is expected to outperform in Q4 & Q1.
US economy showing "major improvement", thus overweight in stocks are highly recommended, except for financials which is facing many challenges.
AH ER were greeted as follows:
AMAT Down 2.49%
NTAP Down 7.00%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices near high of the day, ignoring HFT daily bond rate manipulation of futures....
Its almost like a bad dream, which keeps repeating every morning. Futures down 120 then erasing all of the losses.
Europe bond mess may continue for another six months, till everything gets reset.
S&P 500 low today was1243.52, currently its @ high of the day.
US data keeps getting better & there is selling fatigue on European mess.
Internals are mixed with Nasdaq giving better internals.
Always remember, how we close defines any market.
Gold Down $9.30
Oil @ high @ $102 UP $2.63
Canadian $ UP 12 tick @ 98.07
VIX Down 1.99% @ 30.60
Portfolio is BIDU,LVS,PCLN,RVBD
Most stocks are down
@ 1.54 following are green :
LVS,APKT,SNDK,CNQ,RIMM,JCP,SU,NTES,
VMW,QCOM,M,FNSR,CRUS,ARUN,SINA,
SOHU,PWRD,KOG......
BLOG does NOT give buy or sell.
Saleem
Europe bond mess may continue for another six months, till everything gets reset.
S&P 500 low today was1243.52, currently its @ high of the day.
US data keeps getting better & there is selling fatigue on European mess.
Internals are mixed with Nasdaq giving better internals.
Always remember, how we close defines any market.
Gold Down $9.30
Oil @ high @ $102 UP $2.63
Canadian $ UP 12 tick @ 98.07
VIX Down 1.99% @ 30.60
Portfolio is BIDU,LVS,PCLN,RVBD
Most stocks are down
@ 1.54 following are green :
LVS,APKT,SNDK,CNQ,RIMM,JCP,SU,NTES,
VMW,QCOM,M,FNSR,CRUS,ARUN,SINA,
SOHU,PWRD,KOG......
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 15, 2011
Indices closed UP .14% to 1.09%......NICE !!!!
Every morning when we get up, futures are generally down on repeat of European issues.Today was no different, Dow futures was down 114 when i checked, but we closed green in
all indices.
How well we close defines the strength of any market.
S&P 500 closed @ 1257.81, 200 DMA is 1271.85 which is yet to be conquered.
RSI in S&P 500 closed @ 54.65, it is in "technically healthy range"
Internals were as follows :
UP volume led by 1.87 to 1 in NYSE & 2.73 to 1 in Nasdaq.
Advancing stocks led by 1.70 to 1 in NYSE & 1.98 to 1 in Nasdaq
VIX closed UP .29% @ 31.22, strength of VIX is an ongoing concern for me, as if someone knows something negative & is betting accordingly?
Oil closed @ $99.37, this also does not make any sense, given weakness in many economy?.
Gold closed @ $1782.20, not reacting as strongly given the confusion ?
AH ER DELL down .51%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
all indices.
How well we close defines the strength of any market.
S&P 500 closed @ 1257.81, 200 DMA is 1271.85 which is yet to be conquered.
RSI in S&P 500 closed @ 54.65, it is in "technically healthy range"
Internals were as follows :
UP volume led by 1.87 to 1 in NYSE & 2.73 to 1 in Nasdaq.
Advancing stocks led by 1.70 to 1 in NYSE & 1.98 to 1 in Nasdaq
VIX closed UP .29% @ 31.22, strength of VIX is an ongoing concern for me, as if someone knows something negative & is betting accordingly?
Oil closed @ $99.37, this also does not make any sense, given weakness in many economy?.
Gold closed @ $1782.20, not reacting as strongly given the confusion ?
AH ER DELL down .51%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices fighting European negativity again....UP .61% to 1.09%..NICE !!!!
Indices were pressured down again with same old same old, but US data was much better than expected.
S&P 500 went down to 1244.34, currently UP .74% @ highs of the day...strong technical action.
Internals are positive.......
Gold UP $1.10
Oil UP $1.46
Canadian $ Down 37 tick @ 97.96..manufacturing data in Canada was better than expected?
VIX Down 1.51% @ 30.66...this is not encouraging for bulls.
In my portfolio :
Sold MS
Added 150% RVBD @ $29.11
Portfolio is BIDU,LVS,PCLN,RVBD.....
Most stocks are UP
@ 1.53 following are RED :
AUY,CNQ,TSL,AMZN,MOS,JCP,CMG,GG,SU,
SLW,BWLD,JKS,TLM,CIEN,C,ARUN,CTRP,
SINA,SOHU,LDK,SOL,IBN......
BLOG does NOT give buy or sell.
Saleem
S&P 500 went down to 1244.34, currently UP .74% @ highs of the day...strong technical action.
Internals are positive.......
Gold UP $1.10
Oil UP $1.46
Canadian $ Down 37 tick @ 97.96..manufacturing data in Canada was better than expected?
VIX Down 1.51% @ 30.66...this is not encouraging for bulls.
In my portfolio :
Sold MS
Added 150% RVBD @ $29.11
Portfolio is BIDU,LVS,PCLN,RVBD.....
Most stocks are UP
@ 1.53 following are RED :
AUY,CNQ,TSL,AMZN,MOS,JCP,CMG,GG,SU,
SLW,BWLD,JKS,TLM,CIEN,C,ARUN,CTRP,
SINA,SOHU,LDK,SOL,IBN......
BLOG does NOT give buy or sell.
Saleem
Monday, November 14, 2011
Indices closed down .61% to .96%........
Indices were under pressure after impressive close on Friday.
Market chose to ignore Warren Buffet stake of 5% in IBM, ironically IBM closed lower on this news ...this defies past reaction to WB stake in any company including BOA....
Market chose to focus on a "minor uptick in Italian Bond rates to 6.76%, which is well within workable range"...few days back it shot up to almost 7.5%
Internals of the market were as follows :
Down volume led by 6.01 to 1 in NYSE & 3.91 to 1 in Nasdaq
Declining stocks led by 3.22 to 1 in NYSE & 2.94 to 1 in Nasdaq
VIX closed UP 3.63% to 31.13
Oil closed @ $98.14
Gold closed @ $1778.40
AH Futures Mixed
AH Asian markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Market chose to ignore Warren Buffet stake of 5% in IBM, ironically IBM closed lower on this news ...this defies past reaction to WB stake in any company including BOA....
Market chose to focus on a "minor uptick in Italian Bond rates to 6.76%, which is well within workable range"...few days back it shot up to almost 7.5%
Internals of the market were as follows :
Down volume led by 6.01 to 1 in NYSE & 3.91 to 1 in Nasdaq
Declining stocks led by 3.22 to 1 in NYSE & 2.94 to 1 in Nasdaq
VIX closed UP 3.63% to 31.13
Oil closed @ $98.14
Gold closed @ $1778.40
AH Futures Mixed
AH Asian markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices down .60% to .88%, a surprising down day ?
S&P 500 went to 1247.61 @ low of the day. S&P 500 is down the most.
This weakness is extremely surprising for me, after Italy & Greece are on side.
Maybe HFT with their black box have other agenda ?
Internals are negative by 3 to 1
Oil Down $1.12
Gold Down $8.50
Canadian $ Down 64 tick @ 98.32
VIX UP 6.86% @ 32.10
Portfolio is BIDU,LVS,MS,PCLN,RVBD.....
Most stocks are down
@ 2.08 following are green :
PCLN,BIDU,LVS,RVBD,AMZN,CLF,WYNN,
APKT,MPEL,VMW,FFIV,QCOM,GOOG,CRM,
JDSU,CIEN,ARUN,FMCN,SINA,PWRD.....
JCP ER was a mixed bag, beat on Q3, but guiding down
for Q4, stocks Down 2%
BLOG does NOT give buy or sell.
Saleem
This weakness is extremely surprising for me, after Italy & Greece are on side.
Maybe HFT with their black box have other agenda ?
Internals are negative by 3 to 1
Oil Down $1.12
Gold Down $8.50
Canadian $ Down 64 tick @ 98.32
VIX UP 6.86% @ 32.10
Portfolio is BIDU,LVS,MS,PCLN,RVBD.....
Most stocks are down
@ 2.08 following are green :
PCLN,BIDU,LVS,RVBD,AMZN,CLF,WYNN,
APKT,MPEL,VMW,FFIV,QCOM,GOOG,CRM,
JDSU,CIEN,ARUN,FMCN,SINA,PWRD.....
JCP ER was a mixed bag, beat on Q3, but guiding down
for Q4, stocks Down 2%
BLOG does NOT give buy or sell.
Saleem
Sunday, November 13, 2011
After 11 months, market is @ starting point ?
IF you are feeling frustrated & unsure about your strategy, you are not alone.
After 11 months of trading, indices are flat for the year.
We all know why indices are in a very narrow trading range, too many issues in world economies & solutions are very slow in coming. We are news driven on a daily basis, which defies fundamentals & technicals.
Since we are flat for the year, we have built a very strong base. We are entering in a positive news flow environment. Finally, we have a firm resolution on Greece & Italy. Italy is to be commended for dealing in a timely manner without painful theatrics.
SO..what is the next worry ?
It is USA, where politicians will be on TV in dealing with super-committee challenges. Are we going to be held hostage till the last second of deadline?......IF history is any guide, then it will be so. As usual CNBC will spend enormous YAP time to deal with all the non-implications of outcome.
BUT..there is a contra-trend to offset US political gamesmanship, it is Q4...which has a history of positive Nov, Dec & Jan.......there is a very good chance that next 13 weeks may surprise everyone with the intensity of UP move.
S&P 500 closed @ 1263.85
Next move is to 200 DMA which is @ 1272.27
After that we should take out 1292.66......which is a "breakout"
After breakout, we will be in uncharted territory looking towards 1356.48
RSI closed @ 56.04...we should easily go towards 68 area....
Based on Q4 POSITIVE MOMENTUM, it is important to position in better ideas for next 13 weeks.
I have a strong CONVICTION that many stocks will make all time highs by end of January 2012.
Please pay attention to potential technical BREAKOUTS, not be involved with BREAKDOWNS.......
Again what you like, may not be among the best ideas.....
Please review RSI, 50 DMA, 200 DMA & seasonal strength of your stocks, there is such a thing as SEASONALITY..check HIRSCH ALMANAC for those ideas......
Do NOT hesitate to SWITCH to what is working or may work given a very strong market.
Good luck with your diligent homework, we are looking @ last 13 weeks to make our portfolio shine !
BLOG does NOT give buy or sell.
Saleem
After 11 months of trading, indices are flat for the year.
We all know why indices are in a very narrow trading range, too many issues in world economies & solutions are very slow in coming. We are news driven on a daily basis, which defies fundamentals & technicals.
Since we are flat for the year, we have built a very strong base. We are entering in a positive news flow environment. Finally, we have a firm resolution on Greece & Italy. Italy is to be commended for dealing in a timely manner without painful theatrics.
SO..what is the next worry ?
It is USA, where politicians will be on TV in dealing with super-committee challenges. Are we going to be held hostage till the last second of deadline?......IF history is any guide, then it will be so. As usual CNBC will spend enormous YAP time to deal with all the non-implications of outcome.
BUT..there is a contra-trend to offset US political gamesmanship, it is Q4...which has a history of positive Nov, Dec & Jan.......there is a very good chance that next 13 weeks may surprise everyone with the intensity of UP move.
S&P 500 closed @ 1263.85
Next move is to 200 DMA which is @ 1272.27
After that we should take out 1292.66......which is a "breakout"
After breakout, we will be in uncharted territory looking towards 1356.48
RSI closed @ 56.04...we should easily go towards 68 area....
Based on Q4 POSITIVE MOMENTUM, it is important to position in better ideas for next 13 weeks.
I have a strong CONVICTION that many stocks will make all time highs by end of January 2012.
Please pay attention to potential technical BREAKOUTS, not be involved with BREAKDOWNS.......
Again what you like, may not be among the best ideas.....
Please review RSI, 50 DMA, 200 DMA & seasonal strength of your stocks, there is such a thing as SEASONALITY..check HIRSCH ALMANAC for those ideas......
Do NOT hesitate to SWITCH to what is working or may work given a very strong market.
Good luck with your diligent homework, we are looking @ last 13 weeks to make our portfolio shine !
BLOG does NOT give buy or sell.
Saleem
Friday, November 11, 2011
Indices ran UP on positive data & major progress in Italy....NICE !!!!
Indices got the lift which it needed on two fronts, economic data were strong & major budgetary progress made in Italy.
Indices jumped 1.95% to 2.19%
Internals of the market were strong as listed below :
UP volume led by 12.68 to 1 in NYSE & 7.55 to 1 in Nasdaq
Advancing stocks led by 6.03 to 1 in NYSE & 3.72 to 1 in Nasdaq
VIX tumbled 8.41% to close @ 30.05
Oil Closed @ $98.99...Cramer watch out, here comes $100, the question is , what will he say ?
Gold closed @ $1788.10
Canadian $ UP 57 tick @ 98.92
In my portfolio :
Sold POT
Bought RVBD @ $28.55
Bought LVS @ $45.94
Portfolio is BIDU,LVS,MS,PCLN,RVBD
$ weighting of my portfolio is :
MS 31.92%
PCLN 31.21%
LVS 19.90%
RVBD 8.91%
BIDU 8.06%
Stocks which were UP 3% or more included MS,LVS,
EGO,TSL,BRCD,NFLX,AMZN,WWWW,SNDK,JCP,
WYNN,GG,VMW,FFIV,SLW,BWLD,RIMM,CIEN,
SINA,SOHU,SOL,CLF,ABX,KGC.....
BLOG does NOT give buy or sell.
Next post on Sunday by 2 PM.
PS...Friday is one post only after close, but i am available for any feedback entire trading day.
Saleem
Indices jumped 1.95% to 2.19%
Internals of the market were strong as listed below :
UP volume led by 12.68 to 1 in NYSE & 7.55 to 1 in Nasdaq
Advancing stocks led by 6.03 to 1 in NYSE & 3.72 to 1 in Nasdaq
VIX tumbled 8.41% to close @ 30.05
Oil Closed @ $98.99...Cramer watch out, here comes $100, the question is , what will he say ?
Gold closed @ $1788.10
Canadian $ UP 57 tick @ 98.92
In my portfolio :
Sold POT
Bought RVBD @ $28.55
Bought LVS @ $45.94
Portfolio is BIDU,LVS,MS,PCLN,RVBD
$ weighting of my portfolio is :
MS 31.92%
PCLN 31.21%
LVS 19.90%
RVBD 8.91%
BIDU 8.06%
Stocks which were UP 3% or more included MS,LVS,
EGO,TSL,BRCD,NFLX,AMZN,WWWW,SNDK,JCP,
WYNN,GG,VMW,FFIV,SLW,BWLD,RIMM,CIEN,
SINA,SOHU,SOL,CLF,ABX,KGC.....
BLOG does NOT give buy or sell.
Next post on Sunday by 2 PM.
PS...Friday is one post only after close, but i am available for any feedback entire trading day.
Saleem
Thursday, November 10, 2011
Indices not being hampered by Greece or Italy today, thus an UP close...NICE !!!!
For one day, there was no focus on Greece or Italy, so indices went about doing its thing, UP / DOWN / UP......
@ final bell indices were UP +.13% to +.96%..... Not bad @ all, as Fast Money Gurus were in panic yesterday & sold off everything?
Some of the negative tone in market was due to weekly option expiry on Friday...Thursday normally is the day to square off option position....
Internals of the market were as follows :
UP volume led by 2.62 to 1 in NYSE & 1.72 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 1.68 to 1 in Nasdaq
As you can clearly see with ratios, that Nasdaq was under pressure as all high flying stocks were sharply lower, i relate all that to weekly Option Expiry.
VIX tumbled 9.26%, closing @ 32.81, this is very comforting as it is giving us a very bullish read as indices were barely up, but VIX tanked.
Also technically we held support from yesterday & moved UP in S&P 500. Dont be surprised to see big Nasdaq leaders on the move on Friday including AAPL.....
Oil closed @ $97.80, Cramer must be upset as his bearish bet on Oil is not working out....just my summation ?
Gold closed @ $1759.60
Stocks which were green today included FCX,CNQ,APKT,SU,VMW,FFIV,
AGU,MA,RVBD,JCP,TLM,CIEN,
SNDK,CRUS,GNK,FRO.....
AH ER were greeted as follows :
RENN Down 11.42%
NVDA UP 4.63%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
@ final bell indices were UP +.13% to +.96%..... Not bad @ all, as Fast Money Gurus were in panic yesterday & sold off everything?
Some of the negative tone in market was due to weekly option expiry on Friday...Thursday normally is the day to square off option position....
Internals of the market were as follows :
UP volume led by 2.62 to 1 in NYSE & 1.72 to 1 in Nasdaq
Advancing stocks led by 2.31 to 1 in NYSE & 1.68 to 1 in Nasdaq
As you can clearly see with ratios, that Nasdaq was under pressure as all high flying stocks were sharply lower, i relate all that to weekly Option Expiry.
VIX tumbled 9.26%, closing @ 32.81, this is very comforting as it is giving us a very bullish read as indices were barely up, but VIX tanked.
Also technically we held support from yesterday & moved UP in S&P 500. Dont be surprised to see big Nasdaq leaders on the move on Friday including AAPL.....
Oil closed @ $97.80, Cramer must be upset as his bearish bet on Oil is not working out....just my summation ?
Gold closed @ $1759.60
Stocks which were green today included FCX,CNQ,APKT,SU,VMW,FFIV,
AGU,MA,RVBD,JCP,TLM,CIEN,
SNDK,CRUS,GNK,FRO.....
AH ER were greeted as follows :
RENN Down 11.42%
NVDA UP 4.63%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .35% to 1.15%......NICE !!!!!
Indices are green after holding support in S&P 500.
S&P 500 had a higher low today.
Economic news were encouraging in US with improving jobless claims.
Oil UP $2.01
Gold Down $36
Canadian $ UP 71 tick @ 98.30
VIX Down 9.6% @ 32.69..this is a very desirable TAPE for bulls, looks very good. Bodes well for close?
In my portfolio :
Sold TLM
Sold JCP
Bought BIDU @ $135.90
Added 125% MS @ $15.90
Portfolio is BIDU,MS,POT,PCLN
Most stocks are UP
@ 2.15 following are RED :
PCLN,POT,AAPL,LVS,EGO,JKS,TSL,NFLX,
AMZN,OTEX,MOS,WYNN,LULU,NTES,GG,
CMG,MPEL,BWLD,GOOG,CRM,RIMM,CSIQ,
FNSR,C,ARUN,FMCN,KGC...
BLOG does NOT give buy or sell.
Saleem
S&P 500 had a higher low today.
Economic news were encouraging in US with improving jobless claims.
Oil UP $2.01
Gold Down $36
Canadian $ UP 71 tick @ 98.30
VIX Down 9.6% @ 32.69..this is a very desirable TAPE for bulls, looks very good. Bodes well for close?
In my portfolio :
Sold TLM
Sold JCP
Bought BIDU @ $135.90
Added 125% MS @ $15.90
Portfolio is BIDU,MS,POT,PCLN
Most stocks are UP
@ 2.15 following are RED :
PCLN,POT,AAPL,LVS,EGO,JKS,TSL,NFLX,
AMZN,OTEX,MOS,WYNN,LULU,NTES,GG,
CMG,MPEL,BWLD,GOOG,CRM,RIMM,CSIQ,
FNSR,C,ARUN,FMCN,KGC...
BLOG does NOT give buy or sell.
Saleem
Wednesday, November 9, 2011
Italy the new villain for world markets, US indices tumbles the-most ?
Once you look @ all facts, it is ironic that European markets fared much better than US ?
Last time i checked Italy is part of EU, CAC / DAX / FTSE were down max 2.21% while in US we were down as much as 3.88% ?
I think HFT & their black box took Italy as an excuse to crush most stocks as much as 9% ?
Internals of the market were as follows :
Down volume led by 64.14 to 1 in NYSE & 22.66 to 1 in Nasdaq
Declining stocks led by 9.59 to 1 in NYSE & 7.18 to 1
VIX jumped 31.59% to close @ 36.16
Down volume & VIX are giving clear signal of a "major capitulation" ?
Oil closed @ $95.74
Gold closed @ $1791.60
S&P 500 low today was 1226.64, based on charts we have "strong support" in 1200 area, not far from where we are....
CMF is positive @ +0.234
RSI @ 50.04
In my portfolio :
Sold CSIQ
Portfolio is MS,JCP,POT,PCLN,TLM....
AH ER were greeted as follows :
CSCO UP 2.61%
GMCR Down 34.33%
Jimmy the Cramer has been badgering AAPL for many days, today he is saying that AAPL is going "significantly lower from where it is today". AAPL closed just below 50 DMA. IF i have to guess support when Jimmy & his buddies are shorting, it looks like $354 area is a real test.
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Last time i checked Italy is part of EU, CAC / DAX / FTSE were down max 2.21% while in US we were down as much as 3.88% ?
I think HFT & their black box took Italy as an excuse to crush most stocks as much as 9% ?
Internals of the market were as follows :
Down volume led by 64.14 to 1 in NYSE & 22.66 to 1 in Nasdaq
Declining stocks led by 9.59 to 1 in NYSE & 7.18 to 1
VIX jumped 31.59% to close @ 36.16
Down volume & VIX are giving clear signal of a "major capitulation" ?
Oil closed @ $95.74
Gold closed @ $1791.60
S&P 500 low today was 1226.64, based on charts we have "strong support" in 1200 area, not far from where we are....
CMF is positive @ +0.234
RSI @ 50.04
In my portfolio :
Sold CSIQ
Portfolio is MS,JCP,POT,PCLN,TLM....
AH ER were greeted as follows :
CSCO UP 2.61%
GMCR Down 34.33%
Jimmy the Cramer has been badgering AAPL for many days, today he is saying that AAPL is going "significantly lower from where it is today". AAPL closed just below 50 DMA. IF i have to guess support when Jimmy & his buddies are shorting, it looks like $354 area is a real test.
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices Down 2.41% to 3.25% on Italian political mess......
Italian politics took an ugly turn when outgoing Prime Minister is insisting for a new election instead of coalition ruling & speeding budget controls. Italian election could take as long as Feb 2012, this will create huge uncertainty.
German & French leaders are not happy with this development & calling for a two tier European Union, only strong economy will be part of Euro.
Indices are down in 3% range
Internals are negative from 5 to 1 to 9 to 1
S&P 500 low so far is 1229.95
Oil down 41 cents
Gold down $5.50
Canadian $ down 99 tick @ 98.13
VIX UP by 27.69% @ 35.09
Portfolio is CSIQ,MS,JCP,POT,PCLN,TLM
Majority of stocks are down.......
All inverse ETF are UP
BLOG does NOT give buy or sell.
Saleem
German & French leaders are not happy with this development & calling for a two tier European Union, only strong economy will be part of Euro.
Indices are down in 3% range
Internals are negative from 5 to 1 to 9 to 1
S&P 500 low so far is 1229.95
Oil down 41 cents
Gold down $5.50
Canadian $ down 99 tick @ 98.13
VIX UP by 27.69% @ 35.09
Portfolio is CSIQ,MS,JCP,POT,PCLN,TLM
Majority of stocks are down.......
All inverse ETF are UP
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 8, 2011
Indices closed UP AGAIN......NICE !!!!!
Indices battled many European demons & closed UP.
Indices were UP.84% to 1.20%, much to the surprise of many pundits who keep shorting @ their "imaginary technical resistance"
Internals of the market were as follows :
UP volume led by 4.62to 1 in NYSE & 3.88 in Nasdaq
Advancing stocks led by 2.90 to 1 in NYSE & 2.63 in Nasdaq
New 52 wk highs were leading today, 69 in NYSE & 48 in Nasdaq
VIX tumbled 7.97% to close @ 27.47...today was the-steepest dive in a mild UP day, giving a strong buy signal in equity...
Oil closed @ $96.80, Jimmy the Cramer does not know why it is UP, what will he say @ $100
Gold closed @ $1799.20
AH ER were greeted as follows :
ATVI Down 2.08%
ADBE Down 9.04%
SINA Down 3.67%
AH futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
China is reporting moderating inflation, CPI came in @ 5.5% vs 6.1% in previous month. PPI came in @ 5% vs 6.5% in previous month. Not a good news for Gold ?
BLOG does NOT give buy or sell.
Saleem
Indices were UP.84% to 1.20%, much to the surprise of many pundits who keep shorting @ their "imaginary technical resistance"
Internals of the market were as follows :
UP volume led by 4.62to 1 in NYSE & 3.88 in Nasdaq
Advancing stocks led by 2.90 to 1 in NYSE & 2.63 in Nasdaq
New 52 wk highs were leading today, 69 in NYSE & 48 in Nasdaq
VIX tumbled 7.97% to close @ 27.47...today was the-steepest dive in a mild UP day, giving a strong buy signal in equity...
Oil closed @ $96.80, Jimmy the Cramer does not know why it is UP, what will he say @ $100
Gold closed @ $1799.20
AH ER were greeted as follows :
ATVI Down 2.08%
ADBE Down 9.04%
SINA Down 3.67%
AH futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
China is reporting moderating inflation, CPI came in @ 5.5% vs 6.1% in previous month. PPI came in @ 5% vs 6.5% in previous month. Not a good news for Gold ?
BLOG does NOT give buy or sell.
Saleem
Indices UP .40% to .69% after fighting Italy negativity......NICE !!!!!
Indices are showing real strength by overcoming commentary of Italy political issues.
TAPE is extremely resilient, how we close defines bull market.
Oil UP $1.08
Gold UP $6.70
Canadian $ UP 18 tick @ 98.84
VIX Down 4.25% @ 28.58....showing real weakness here, great for UP move in market.....
Portfolio is CSIQ,MS,JCP,POT,PCLN,TLM....
@ 2.00 PM following are green :
PCLN,CSIQ,MS,JCP,POT,LVS,RVBD,MGA,
AAPL,GS,OTEX,TCK,FCX,MOS,LULU,
VMW,MA,V,GOOG,BIDU,JDSU,FNSR,CIEN,
SINA,CCJ,NYX,VAR,IBN...
BLOG does NOT give buy or sell.
Saleem
TAPE is extremely resilient, how we close defines bull market.
Oil UP $1.08
Gold UP $6.70
Canadian $ UP 18 tick @ 98.84
VIX Down 4.25% @ 28.58....showing real weakness here, great for UP move in market.....
Portfolio is CSIQ,MS,JCP,POT,PCLN,TLM....
@ 2.00 PM following are green :
PCLN,CSIQ,MS,JCP,POT,LVS,RVBD,MGA,
AAPL,GS,OTEX,TCK,FCX,MOS,LULU,
VMW,MA,V,GOOG,BIDU,JDSU,FNSR,CIEN,
SINA,CCJ,NYX,VAR,IBN...
BLOG does NOT give buy or sell.
Saleem
Monday, November 7, 2011
Indices closed UP .34% to .71%......NICE !!!!
Indices closed UP despite "European scare about Italy again"
Indices are fighting everything which is thrown its way, which is a sign of good things to come.
Internals were positive overall.
Oil closed @ $95.52
Gold closed @ $1791.10
VIX closed Down 1.03% @ 29.85...wow below 30 AGAIN.......
AH ER were greeted as follows :
RAX UP $1
PCLN UP $13.17 on AH volume of 648K, range of PCLN in AH was typical of every ER, low of $474 & high of $529 a range of $55
In my portfolio :
Sold RVBD
Bought MS @ $16.89
Portfolio is CSIQ,MS,JCP,POT,PCLN,TLM
Here is my $ weighting as of reg close :
PCLN 29.50%...much higher after hours......
POT 21.60%
JCP 19.40%
MS 14.81%
CSIQ 7.83%
TLM 6.86%
AH Futures Down
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices are fighting everything which is thrown its way, which is a sign of good things to come.
Internals were positive overall.
Oil closed @ $95.52
Gold closed @ $1791.10
VIX closed Down 1.03% @ 29.85...wow below 30 AGAIN.......
AH ER were greeted as follows :
RAX UP $1
PCLN UP $13.17 on AH volume of 648K, range of PCLN in AH was typical of every ER, low of $474 & high of $529 a range of $55
In my portfolio :
Sold RVBD
Bought MS @ $16.89
Portfolio is CSIQ,MS,JCP,POT,PCLN,TLM
Here is my $ weighting as of reg close :
PCLN 29.50%...much higher after hours......
POT 21.60%
JCP 19.40%
MS 14.81%
CSIQ 7.83%
TLM 6.86%
AH Futures Down
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
PCLN beats in Sales & EPS in Q3.....NICE !!!!
PCLN Sales actual $1.50 billion vs expectations of $1.42 billion...a beat by $8 million
EPS actual $9.95 vs expectations of $9.30..a beat by 65 cents
PCLN guidance for Q4 is gain of Sales by 30% vs expectations of 36%, this shortfall is a direct result of Eurozone Turmoil & Flood in Thailand, which is a major travel market for PCLN.
Q4 EPS guidance is $4.95 vs expectations of $5.13, based on history of beat, this can be achieved.
It seems that their Q4 guidance is "better under current circumstances"
PCLN trading @ Bid $521.25 in AH UP $12.25 from close....
BLOG does NOT give buy or sell.
Saleem
EPS actual $9.95 vs expectations of $9.30..a beat by 65 cents
PCLN guidance for Q4 is gain of Sales by 30% vs expectations of 36%, this shortfall is a direct result of Eurozone Turmoil & Flood in Thailand, which is a major travel market for PCLN.
Q4 EPS guidance is $4.95 vs expectations of $5.13, based on history of beat, this can be achieved.
It seems that their Q4 guidance is "better under current circumstances"
PCLN trading @ Bid $521.25 in AH UP $12.25 from close....
BLOG does NOT give buy or sell.
Saleem
Indices fighting back, fractionally down.....
Indices were UP, then down, now trying to breakeven.
Reasons given for down move is Italy today.
S&P 500 low today is 1240.75, RSI 56.00
Internals are negative by 2 to 1
Oil UP 84 cents
Gold UP $28.10
Canadian $ UP 38 tick @ 98.53
VIX UP 2.42% @ 30.89
In my portfolio :
Sold LVS
Sold AUY
Bought PCLN @ $508.00, it reports tonight, expecting a beat & guide UP...expectations for Q3 Sales $1.42 Billion..EPS $9.30 guidance for Q4 Sales $996.76 million EPS $5.14
Portfolio is CSIQ,JCP,POT,PCLN,RVBD,TLM.....
Most stocks are Down
@ 2.22 following are green :
POT,TLM,AUY,BRCD,MGA,CNQ,AMZN,NFLX,
FCX,AGU,MOS,SNDK,GG,SU,QCOM,SLW,CRM,
GOOG,MA,M,SINA,ABX,KGC,AEM.....
BLOG does NOT give buy or sell.
Saleem
Reasons given for down move is Italy today.
S&P 500 low today is 1240.75, RSI 56.00
Internals are negative by 2 to 1
Oil UP 84 cents
Gold UP $28.10
Canadian $ UP 38 tick @ 98.53
VIX UP 2.42% @ 30.89
In my portfolio :
Sold LVS
Sold AUY
Bought PCLN @ $508.00, it reports tonight, expecting a beat & guide UP...expectations for Q3 Sales $1.42 Billion..EPS $9.30 guidance for Q4 Sales $996.76 million EPS $5.14
Portfolio is CSIQ,JCP,POT,PCLN,RVBD,TLM.....
Most stocks are Down
@ 2.22 following are green :
POT,TLM,AUY,BRCD,MGA,CNQ,AMZN,NFLX,
FCX,AGU,MOS,SNDK,GG,SU,QCOM,SLW,CRM,
GOOG,MA,M,SINA,ABX,KGC,AEM.....
BLOG does NOT give buy or sell.
Saleem
Saturday, November 5, 2011
Once Greece gets its act together, we are heading "above current trading range"
Greece is on the final leg to getting a consensus, Coalition will be broad based which should bring sanity to Greece political scene.
Once we get an announcement of coalition government, markets will give a "huge sigh of relief" & rally.
Markets have been held hostage for a long time in this gruelling Greek saga.
Once European debt issue is in a "go forward mode", markets can go on to do what it usually does, trades on fundamental of each company.
Many stocks have been battered in this endless "risk off / risk on" market....
Commodity based stocks are beaten down the-most, they should outperform in a "non Greece driven market"
Allocation of trading dollars or investing dollars should be done judiciously, based on "gain potential" NOT on what you like.
Stocks have one purpose only, is to make most money for your allocated dollars.
I expect S&P 500 to break above 1356.48, which will be a new 52 wk high.
I also expect markets to go in a normal "bull market" trading pattern.....an ascending TAPE, with usual periodic pullbacks.
Here is $ weighting of my portfolio :
LVS 26.03%
POT 19.09%
JCP 18.24%
AUY 12.04%
RVBD 10.99%
CSIQ 7.16%
TLM 6.45%
As you can see, that i am well diversified in many sectors. Most stocks are well off their highs, more like near lows.
It will be wise to allocate dollars in many sectors as most stocks are ready to move UP.
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
PS....Sunday all muslims are celebrating Eid-Ul-Adha,
a festival of sacrifice, I will be busy Sunday with family & friends.
Once we get an announcement of coalition government, markets will give a "huge sigh of relief" & rally.
Markets have been held hostage for a long time in this gruelling Greek saga.
Once European debt issue is in a "go forward mode", markets can go on to do what it usually does, trades on fundamental of each company.
Many stocks have been battered in this endless "risk off / risk on" market....
Commodity based stocks are beaten down the-most, they should outperform in a "non Greece driven market"
Allocation of trading dollars or investing dollars should be done judiciously, based on "gain potential" NOT on what you like.
Stocks have one purpose only, is to make most money for your allocated dollars.
I expect S&P 500 to break above 1356.48, which will be a new 52 wk high.
I also expect markets to go in a normal "bull market" trading pattern.....an ascending TAPE, with usual periodic pullbacks.
Here is $ weighting of my portfolio :
LVS 26.03%
POT 19.09%
JCP 18.24%
AUY 12.04%
RVBD 10.99%
CSIQ 7.16%
TLM 6.45%
As you can see, that i am well diversified in many sectors. Most stocks are well off their highs, more like near lows.
It will be wise to allocate dollars in many sectors as most stocks are ready to move UP.
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
PS....Sunday all muslims are celebrating Eid-Ul-Adha,
a festival of sacrifice, I will be busy Sunday with family & friends.
Friday, November 4, 2011
Another constructive close, down .44% to .63%....
Indices were under pressure from 830 AM, when jobs data missed consensus by 10 K. Canadian job data was a disaster, instead of job growth of 12k actual was lost jobs of 54K.
Silver lining in US job data was that both Aug & Sep were revised UP significantly.
S&P 500 low today was 1238.92, but we closed near high of the day @ 1253.23
Internals were negative by 50%...
Oil UP 29 cents
Gold Down $6.20
Canadian $ down 93 tick @ 98.30
VIX closed Down 1.11% @ 30.16...this gives lot of hope for bullish in equity, should have jumped about 5% on a down day in indices?
Portfolio is CSIQ,LVS,JCP,POT,RVBD,TLM,AUY...
Stocks which closed green included CSIQ,JCP,POT,AUY,
BRCD,WWWW,CLF,FCX,MOS,PCLN,SNDK,CMG,APKT,
VMW,FFIV,NTES,QCOM,RIMM,TSL,CRUS,ARUN.....
Next post by 2 PM on Sunday.
BLOG does not give buy or sell.
Saleem
Silver lining in US job data was that both Aug & Sep were revised UP significantly.
S&P 500 low today was 1238.92, but we closed near high of the day @ 1253.23
Internals were negative by 50%...
Oil UP 29 cents
Gold Down $6.20
Canadian $ down 93 tick @ 98.30
VIX closed Down 1.11% @ 30.16...this gives lot of hope for bullish in equity, should have jumped about 5% on a down day in indices?
Portfolio is CSIQ,LVS,JCP,POT,RVBD,TLM,AUY...
Stocks which closed green included CSIQ,JCP,POT,AUY,
BRCD,WWWW,CLF,FCX,MOS,PCLN,SNDK,CMG,APKT,
VMW,FFIV,NTES,QCOM,RIMM,TSL,CRUS,ARUN.....
Next post by 2 PM on Sunday.
BLOG does not give buy or sell.
Saleem
Thursday, November 3, 2011
Indices closed UP 1.76% to 2.20%...NICE !!!!
Market surprised everybody by futures tanking last night by 190 Dow points, only to close UP by 208 Dow points.
Greece political turmoil & surprise ECB interest rate cut, gave all the reason for a feel good rally.
G20 will be done by closing time Friday, so any positive news will add fuel to the bullish fire.
NO it wont be about Jobs report @ 830 AM, even if we do not come close to 95,000 overall job creation, it will be all about European news / rumour.
S&P 500 closed @ 1261.15, ready to take out 1292.66.....
RSI @ 57.63
Internals of the market were as follows :
UP volume led by 5.61 to 1 in NYSE & 4.64 to 1 in Nasdaq
Advancing stocks led by 3.51 to 1 in NYSE & 2.93 to 1 in Nasdaq
VIX closed Down 6.84% @ 30.50...goes down @ much slower pace, BUT jumps double on down days.
Stocks which were UP 2% or more included JCP,POT,RVBD,TLM,AUY,
CNQ,NFLX,OTEX,TCK,PCLN,
SNDK,CMG,GG,SU,NTES,VMW,
FFIV,QCOM,SLW,GOOG,CRM,MA,M,
BIDU,CIEN,C,BAC,ARUN,CRUS......
AH ER SBUX UP 3.02%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Greece political turmoil & surprise ECB interest rate cut, gave all the reason for a feel good rally.
G20 will be done by closing time Friday, so any positive news will add fuel to the bullish fire.
NO it wont be about Jobs report @ 830 AM, even if we do not come close to 95,000 overall job creation, it will be all about European news / rumour.
S&P 500 closed @ 1261.15, ready to take out 1292.66.....
RSI @ 57.63
Internals of the market were as follows :
UP volume led by 5.61 to 1 in NYSE & 4.64 to 1 in Nasdaq
Advancing stocks led by 3.51 to 1 in NYSE & 2.93 to 1 in Nasdaq
VIX closed Down 6.84% @ 30.50...goes down @ much slower pace, BUT jumps double on down days.
Stocks which were UP 2% or more included JCP,POT,RVBD,TLM,AUY,
CNQ,NFLX,OTEX,TCK,PCLN,
SNDK,CMG,GG,SU,NTES,VMW,
FFIV,QCOM,SLW,GOOG,CRM,MA,M,
BIDU,CIEN,C,BAC,ARUN,CRUS......
AH ER SBUX UP 3.02%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
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