2011 just ended with the following statistics to ponder :
Dow UP 5.5%
S&P 500 unchanged
Nasdaq Down 1.8%
Gold UP 10%, UP 11 years in a row
Silver UP 9.8%
Crude Oil UP 8.2%
Copper Down 23%
EEM Down 20% ( Emerging Markets)
VIX UP 31.8% (Fear Index)
US$ Index UP 1.3%
It is NOT 2011, we have to worry now, its history.
We all had good, bad & ugly in our portfolio.
Now the question is about 2012, what will it be ?
Based on how we closed today, does not offer much hope.
We all are trying to convince our self that, this is low volume & does NOT give an accurate picture. From Tuesday on will be real deal.
I have a "strange feeling" that Tuesday onwards will be a continuation of where we left off today.
In case we have forgotten, we are @ the "top end" of our trading range, a journey towards 1200 can come very quickly.
S&P 500 closed below 200 DMA today......
CMF is negative in all indices & getting steeper.
S&P 500 & Dow is forming Head & Shoulder pattern in Daily, which is never a good sign.
The only bright spot is Dow, which is 12.28 points away from forming a "golden cross"
What i have done is lightened UP considerably today, reducing my exposure by 43% in two day's. I have booked profit in all three trades.
Sold CNQ, LULU
Sold 75% RIMM
Portfolio is LVS,M,RIMM,RVBD,SNDK.....
Here is my $ weighting as of tonight :
SNDK 27.72%
LVS 21.06%
RIMM 20.42%
M 17.22%
RVBD 13.58%
I am doing my individual read on the market, which may be totally incorrect. I still have 96.5% of my neutral mode exposure.When i am super bullish, i increase my exposure.
Please do your OWN analysis of this market & your OWN read of the stocks you OWN.
PS.....Next BLOG posting will be on Tuesday Jan 3rd, 2012 around 2 PM.
Have a Happy & prosperous 2012.
BLOG does NOT give buy or sell.
Saleem
Friday, December 30, 2011
Thursday, December 29, 2011
Indices closed UP .92% to 1.12%.....NICE !!!!
Indices closed near best level of the day.
S&P 500 closed @ 1263.02, which is above 50 & 200 DMA.
Nasdaq still below 50 DMA which is @ 2615.02, while Nasdaq closed @ 2613.74
Internals of the markets were :
UP volume led by 11.29 to 1 in NYSE & 5.76 to 1 in Nasdaq
Advancing stocks led by 3.73 to 1 in NYSE & 2.49 to 1 in Nasdaq
VIX closed down 3.66% @ 22.66
Oil closed UP @ $99.65
Gold closed Down @ $1540.90
Stocks which closed UP 1% or more included CNQ,RVBD,
AUY,COH,GG,SU,VMW,FFIV,SLW,VRM,MA,TSL,TLM,
MS,CIEN,FNSR,C,CRUS,ARUN,WYNN....
CMF is negative gain in all indices, S&P 500 is most negative @ 0.064.
Yesterday's TAPE was a major let down to my bullish thesis. Today's recovery in stock prices was muted @ best. Do not know what to make of last 48 hrs, but it has raised a big question mark in my mind as to the real health of current TAPE.
SO, Friday is the last day of the month, quarter & year, how it will end, i am not sure.
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1263.02, which is above 50 & 200 DMA.
Nasdaq still below 50 DMA which is @ 2615.02, while Nasdaq closed @ 2613.74
Internals of the markets were :
UP volume led by 11.29 to 1 in NYSE & 5.76 to 1 in Nasdaq
Advancing stocks led by 3.73 to 1 in NYSE & 2.49 to 1 in Nasdaq
VIX closed down 3.66% @ 22.66
Oil closed UP @ $99.65
Gold closed Down @ $1540.90
Stocks which closed UP 1% or more included CNQ,RVBD,
AUY,COH,GG,SU,VMW,FFIV,SLW,VRM,MA,TSL,TLM,
MS,CIEN,FNSR,C,CRUS,ARUN,WYNN....
CMF is negative gain in all indices, S&P 500 is most negative @ 0.064.
Yesterday's TAPE was a major let down to my bullish thesis. Today's recovery in stock prices was muted @ best. Do not know what to make of last 48 hrs, but it has raised a big question mark in my mind as to the real health of current TAPE.
SO, Friday is the last day of the month, quarter & year, how it will end, i am not sure.
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP.
BLOG does NOT give buy or sell.
Saleem
Indices UP .74% to .92%.......NICE !!!!
Indices are UP on routine bond issuance by Italy, which was made a "big deal" yesterday, to sell fear & push markets down ?
10 yr bond fetched below 7%......
Internals are positive by minimum 2 to 1
Oil UP 35 cents
Gold Down $19.20
Canadian $ UP 28 tick @ 97.90
VIX down 2.81% @ 22.86
In my portfolio :
Sold APKT
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK......
Most stocks are UP
@ 2.20 following are down :
APKT,LULU,M,AMZN,BIDU,NTES,LDK,SOL...
BLOG does NOT give buy or sell.
Saleem
10 yr bond fetched below 7%......
Internals are positive by minimum 2 to 1
Oil UP 35 cents
Gold Down $19.20
Canadian $ UP 28 tick @ 97.90
VIX down 2.81% @ 22.86
In my portfolio :
Sold APKT
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK......
Most stocks are UP
@ 2.20 following are down :
APKT,LULU,M,AMZN,BIDU,NTES,LDK,SOL...
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 28, 2011
European news was positive, but market tanked on euro & Italian 10yr auction ??
Today's TAPE was more than "freakish" or simply "manipulated" by those "who could".
Italy's auction today was "oversubscribed" & interest rate came in @ 3% vs expected 6%.....
European Banks made deposit of $452 billion Euros with ECB, ECB is now sitting with 2.73 trillion Euros...sign of good liquidity.....
BUT our HFT & know it all trashed the market on euro going below 1.30, not a news as it had dipped way below to 1.20 area in past life...but news is manufactured on Wall Street all the time ....
Indices went through many technical damage on no real news?
S&P 500 below 200 DMA
Nasdaq below 50 DMA
DOW is still above 50 & 200 DMA & is ready to make a "golden cross"...watch out ABOVE
CMF was barely negative in S&P 500, but its green in Dow & Nasdaq
NOW...we all have to panic for Italian auction tomorrow Worth 8.5 billion euros for 3, 7 & 10 yr auction....by the way 10 yr Italian bond was @ 7% today...below its high of 7.5%.....
US jobless claims should be good again, below 400K, that should offset European manipulation ?
@ close market was down 1.14% to 1.34%
Gold is breaking down big time, prediction is rampant for $1200 to $1250 per ounce?
AH Futures UP
AH Asian Markets Mixed, Shanghai UP slightly
AH Gold down another $8.20 @ $1555.90
BLOG does NOT give buy or sell.
Saleem
Italy's auction today was "oversubscribed" & interest rate came in @ 3% vs expected 6%.....
European Banks made deposit of $452 billion Euros with ECB, ECB is now sitting with 2.73 trillion Euros...sign of good liquidity.....
BUT our HFT & know it all trashed the market on euro going below 1.30, not a news as it had dipped way below to 1.20 area in past life...but news is manufactured on Wall Street all the time ....
Indices went through many technical damage on no real news?
S&P 500 below 200 DMA
Nasdaq below 50 DMA
DOW is still above 50 & 200 DMA & is ready to make a "golden cross"...watch out ABOVE
CMF was barely negative in S&P 500, but its green in Dow & Nasdaq
NOW...we all have to panic for Italian auction tomorrow Worth 8.5 billion euros for 3, 7 & 10 yr auction....by the way 10 yr Italian bond was @ 7% today...below its high of 7.5%.....
US jobless claims should be good again, below 400K, that should offset European manipulation ?
@ close market was down 1.14% to 1.34%
Gold is breaking down big time, prediction is rampant for $1200 to $1250 per ounce?
AH Futures UP
AH Asian Markets Mixed, Shanghai UP slightly
AH Gold down another $8.20 @ $1555.90
BLOG does NOT give buy or sell.
Saleem
Indices down 1.04% to 1.14%......
Indices are down on the news of Euro being below 1.30 to 1.2949.
Europe seems to be the excuse today, although Italian Bond auction went very well @ lower interest rate.
Internals are negative by 4 to 1.
Gold Down $35.10
Oil Down $1.83
Canadian $ Down 45 tick @ 97.68
VIX UP 6.48% @ 23.33, still below critical 24+ area
In my portfolio :
Doubled SNDK @ $49.84
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Here is my $ weighting about 30 mts ago :
RIMM 20.00%
LULU 16.19%
SNDK 15.76%
LVS 11.93%
CNQ 10.07%
M 9.96%
APKT 8.39%
RVBD 7.70%
Most stocks are down
@ 2.47 following are UP :
M,CMG,BIDU,GOOG,CRM,JCP,SOL,WWWW....
Just completed my 2011 Stock transactions, it was much better than 2010. Still ended with a loss of 3.8%.......
BLOG does NOT give buy or sell.
Saleem
Europe seems to be the excuse today, although Italian Bond auction went very well @ lower interest rate.
Internals are negative by 4 to 1.
Gold Down $35.10
Oil Down $1.83
Canadian $ Down 45 tick @ 97.68
VIX UP 6.48% @ 23.33, still below critical 24+ area
In my portfolio :
Doubled SNDK @ $49.84
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Here is my $ weighting about 30 mts ago :
RIMM 20.00%
LULU 16.19%
SNDK 15.76%
LVS 11.93%
CNQ 10.07%
M 9.96%
APKT 8.39%
RVBD 7.70%
Most stocks are down
@ 2.47 following are UP :
M,CMG,BIDU,GOOG,CRM,JCP,SOL,WWWW....
Just completed my 2011 Stock transactions, it was much better than 2010. Still ended with a loss of 3.8%.......
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 27, 2011
Indices closed mixed on tax loss selling.....
Today was the last day to book loss or gain for most traders, only mutual funds can play around with this deadline.
All indices did go to higher highs, but Dow closed slightly lower.
S&P 500 & Nasdaq closed green.
Internals of the market were mixed.
New 52 wk highs were in the lead with 200 in NYSE & 56 in Nasdaq
S&P 500 closed @ 1265.43, high today was 1269.37. RSI 58.95
This is the-most stability i have seen in S&P 500, maybe sign of good things to come.
VIX closed UP 5.69% @ 21.91
Oil closed UP @ $101.34
Gold closed Down @ $1595.50
Stocks which closed UP 1% or more included RIMM,LULU,LVS,
CMG,WYNN,VMW,MPEL,CRM,GOOG,BWLD,FNSR,WWWW.
AH Futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
PS...IF visitors to the BLOG can post their weighting of stocks of entire portfolio, that will help many who may consider evaluating for buying purposes. Even those traders who replace many stocks next day.No portfolio is good or bad, its the year end performance which matters.
Saleem
All indices did go to higher highs, but Dow closed slightly lower.
S&P 500 & Nasdaq closed green.
Internals of the market were mixed.
New 52 wk highs were in the lead with 200 in NYSE & 56 in Nasdaq
S&P 500 closed @ 1265.43, high today was 1269.37. RSI 58.95
This is the-most stability i have seen in S&P 500, maybe sign of good things to come.
VIX closed UP 5.69% @ 21.91
Oil closed UP @ $101.34
Gold closed Down @ $1595.50
Stocks which closed UP 1% or more included RIMM,LULU,LVS,
CMG,WYNN,VMW,MPEL,CRM,GOOG,BWLD,FNSR,WWWW.
AH Futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
PS...IF visitors to the BLOG can post their weighting of stocks of entire portfolio, that will help many who may consider evaluating for buying purposes. Even those traders who replace many stocks next day.No portfolio is good or bad, its the year end performance which matters.
Saleem
Higher highs in all indices......NICE !!!!
Indices are gradually moving UP, making higher highs.
Internals are mixed.
Oil UP $1.47
Gold Down $12.60
Canadian $ UP 2 tick @ 98.12
VIX UP 5.45% @ 21.86 ?
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK...
Most stocks are UP
@ 2.00 following are down :
APKT,RVBD,SNDK,AUY,GG,MGA,FCX,AGU,BIDU,
SLW,MA,V,MS,JCP,TCK,TSL,JKS,NTES,ULTA,SOHU,
LDK,SOL,PWRD,EGO,ABX,AEM,GS,IBN.....
PS.....Please remember today is the last day to book gains or losses for 2011, As i am expecting 2012 to be better, plan your trades accordingly today....
BLOG does NOT give buy or sell.
Saleem
Internals are mixed.
Oil UP $1.47
Gold Down $12.60
Canadian $ UP 2 tick @ 98.12
VIX UP 5.45% @ 21.86 ?
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK...
Most stocks are UP
@ 2.00 following are down :
APKT,RVBD,SNDK,AUY,GG,MGA,FCX,AGU,BIDU,
SLW,MA,V,MS,JCP,TCK,TSL,JKS,NTES,ULTA,SOHU,
LDK,SOL,PWRD,EGO,ABX,AEM,GS,IBN.....
PS.....Please remember today is the last day to book gains or losses for 2011, As i am expecting 2012 to be better, plan your trades accordingly today....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 25, 2011
What has changed for the markets ?
Many HFT & retail are wondering what has changed, that markets are beginning to show strength.
Market strength is obvious based on back to back higher highs.
VIX has collapsed to 20.63.
As 2011 has taken a toll for all investors & have lost tremendous equity, many are wondering about the current strength of this market.
Markets have gone through entire 2011, dealing with US economic weakness, European debt mess & Chinese multiple tightening of bank reserve. India was also fighting runaway inflation with multiple increases of reserve requirement.
IF we take a look @ each of the above issues, there is a "change in the air"
-US economy not only has a pulse but it is coming back nicely. Unemployment claims are @ its lowest level in over 3 years. GDP could grow to 3% in 2012.
-Republican politicians had to back off & were forced to honour their "agreed compromise"...that is a "change, we all CAN live with"
-Europe is missing many headlines like Greece, Italy, Spain.
-European Banks are getting a helping hand from ECB to the tune of almost 500 billion Euros, that is serious money.
-European government have reached an agreement to enact "budgetary discipline"
-Chinese economy is slowing but inflation pressure is easing, reserve requirement are being lowered. Chinese economy should grow @ a healthy clip of 7%.
-India is also dealing with slowing economy & inflation pressure, which may be on the verge of tipping lower. First time India, did not raise its Bank reserve requirement @ last meeting. India is expected to grow its GDP @ 5%
IF we have that many "positive developments", market is reflecting that.
Some other CHANGE that may be coming are :
-High cash position of HFT & Mutual Funds. This should be deployed as confidence builds up in markets.
-Highest weighting in high dividend stocks may be tipping over to GROWTH.
-New allocation may find its way to stocks in 2012.
All in all, there are many positive catalysts which is playing a "major role" in market performance.
FEAR is subsiding as reflected in VIX.
IF all of the CHANGE is real, then we could be looking @ 2012 as a "major rebound year"
IF 2012 is a rebound year, you could be looking @ serious & SUSTAINED move UP in stock prices.
When there is a sustained move UP, then many stocks make series of new highs.
Make sure, you are in high growth strong names which has wide following.
Looks like 2012 could be the year, we all have been waiting for...... since 2008.
BLOG does NOT give buy or sell.
Saleem
Market strength is obvious based on back to back higher highs.
VIX has collapsed to 20.63.
As 2011 has taken a toll for all investors & have lost tremendous equity, many are wondering about the current strength of this market.
Markets have gone through entire 2011, dealing with US economic weakness, European debt mess & Chinese multiple tightening of bank reserve. India was also fighting runaway inflation with multiple increases of reserve requirement.
IF we take a look @ each of the above issues, there is a "change in the air"
-US economy not only has a pulse but it is coming back nicely. Unemployment claims are @ its lowest level in over 3 years. GDP could grow to 3% in 2012.
-Republican politicians had to back off & were forced to honour their "agreed compromise"...that is a "change, we all CAN live with"
-Europe is missing many headlines like Greece, Italy, Spain.
-European Banks are getting a helping hand from ECB to the tune of almost 500 billion Euros, that is serious money.
-European government have reached an agreement to enact "budgetary discipline"
-Chinese economy is slowing but inflation pressure is easing, reserve requirement are being lowered. Chinese economy should grow @ a healthy clip of 7%.
-India is also dealing with slowing economy & inflation pressure, which may be on the verge of tipping lower. First time India, did not raise its Bank reserve requirement @ last meeting. India is expected to grow its GDP @ 5%
IF we have that many "positive developments", market is reflecting that.
Some other CHANGE that may be coming are :
-High cash position of HFT & Mutual Funds. This should be deployed as confidence builds up in markets.
-Highest weighting in high dividend stocks may be tipping over to GROWTH.
-New allocation may find its way to stocks in 2012.
All in all, there are many positive catalysts which is playing a "major role" in market performance.
FEAR is subsiding as reflected in VIX.
IF all of the CHANGE is real, then we could be looking @ 2012 as a "major rebound year"
IF 2012 is a rebound year, you could be looking @ serious & SUSTAINED move UP in stock prices.
When there is a sustained move UP, then many stocks make series of new highs.
Make sure, you are in high growth strong names which has wide following.
Looks like 2012 could be the year, we all have been waiting for...... since 2008.
BLOG does NOT give buy or sell.
Saleem
Friday, December 23, 2011
Indices closed above key technical levels.....NICE !!!!
Indices are looking technically strong....
All indices closed near HIGH of the day....
Indices closed UP .74% to 1.02%
Nasdaq above 50 DMA
S&P 500 & Dow well above 50 & 200 DMA
CMF flashing green in all indices
RSI are sloping north as listed below :
Nasdaq 53.22
S&P 500 58.93
Dow 61.02
VIX Down 2.03% @ 20.73...looking very good for stocks.....
Oil UP 32 cents @ $99.85
Gold Down $2.50 @ $1608.10
In my portfolio :
Added 75% RIMM @ $13.90
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....
Here is my $ weighting as of tonight :
RIMM 20.93%
LULU 17.71%
LVS 13.10%
CNQ 11.13%
M 10.52%
APKT 9.34%
SNDK 8.69%
RVBD 8.58%
Today was the last day to book gains or losses in Canada, Tuesday is last day in US.
Market closed on Monday. Canada closed on Monday & Tuesday......
Next BLOG posting by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Merry Christmas to all visitors !!!!
Saleem
All indices closed near HIGH of the day....
Indices closed UP .74% to 1.02%
Nasdaq above 50 DMA
S&P 500 & Dow well above 50 & 200 DMA
CMF flashing green in all indices
RSI are sloping north as listed below :
Nasdaq 53.22
S&P 500 58.93
Dow 61.02
VIX Down 2.03% @ 20.73...looking very good for stocks.....
Oil UP 32 cents @ $99.85
Gold Down $2.50 @ $1608.10
In my portfolio :
Added 75% RIMM @ $13.90
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....
Here is my $ weighting as of tonight :
RIMM 20.93%
LULU 17.71%
LVS 13.10%
CNQ 11.13%
M 10.52%
APKT 9.34%
SNDK 8.69%
RVBD 8.58%
Today was the last day to book gains or losses in Canada, Tuesday is last day in US.
Market closed on Monday. Canada closed on Monday & Tuesday......
Next BLOG posting by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Merry Christmas to all visitors !!!!
Saleem
Thursday, December 22, 2011
Indices closed UP .51% to .83%......NICE !!!!!
Indices closed near HIGH of the day.
VIX closed Down AGAIN.
S&P 500 closed @ 1254.00, 200 DMA is 1259.38 which is all set to be conquered & then some in few hours.
RSI @ 56.42
A major change is happening in CMF picture, it was negative since end of November for all indices.
S&P 500 CMF reading which went negative by .20+ @ its low, which almost matched low point in the last 5 months......NOW it is barely negative -0.018.....
Nasdaq CMF is also barely negative -0.012
DOW CMF is POSITIVE +0.017
I see this as "major shift" in the sentiment & money flow.......
Generally when CMF is positive, it becomes a multi month phenomenon......let us hope, that we are on the "verge of something BIG"
@ the same time, Jimmy the Cramer is "telling his loyal followers" that Tech & Bank stocks are dead" This is an "extremely RELIABLE CONTRARY indicator"...in simple English, TECH & Financials should outperform everything......he needs "medical intervention" or taken off CNBC.......whichever comes first.....
Stocks which were UP 1% or more included LULU,RIMM,APKT,CNQ,RVBD,SNDK,
CLF,AMZN,FCX,AGU,PCLN,MOS,BIDU,
VMW,SU,FFIV,JKS,TSL,TCK,MS,JDSU,
CIEN,FNSR,ARUN,CRUS,MU,C,BAC......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
VIX closed Down AGAIN.
S&P 500 closed @ 1254.00, 200 DMA is 1259.38 which is all set to be conquered & then some in few hours.
RSI @ 56.42
A major change is happening in CMF picture, it was negative since end of November for all indices.
S&P 500 CMF reading which went negative by .20+ @ its low, which almost matched low point in the last 5 months......NOW it is barely negative -0.018.....
Nasdaq CMF is also barely negative -0.012
DOW CMF is POSITIVE +0.017
I see this as "major shift" in the sentiment & money flow.......
Generally when CMF is positive, it becomes a multi month phenomenon......let us hope, that we are on the "verge of something BIG"
@ the same time, Jimmy the Cramer is "telling his loyal followers" that Tech & Bank stocks are dead" This is an "extremely RELIABLE CONTRARY indicator"...in simple English, TECH & Financials should outperform everything......he needs "medical intervention" or taken off CNBC.......whichever comes first.....
Stocks which were UP 1% or more included LULU,RIMM,APKT,CNQ,RVBD,SNDK,
CLF,AMZN,FCX,AGU,PCLN,MOS,BIDU,
VMW,SU,FFIV,JKS,TSL,TCK,MS,JDSU,
CIEN,FNSR,ARUN,CRUS,MU,C,BAC......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .50% to .80% on third day of UPtrend......NICE !!!!
Indices are building on their strength, UP for third day in Dow & S&P 500.
Internals are positive by minimum 2 to 1.
Gold Down $3.30
Oil UP $1.30
Canadian $ UP 59 tick @ 97.96
VIX Down 1.77% @ 21.05...keeps going down to multi-month low....
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are UP
@ 2.08 following are RED :
LVS,M,AUY,COH,GG,CMG,ZNGA,OCZ,
SLW,BWLD,CRM,MA,V,ULTA,ABX,AEM,
BJRI,KOG....
BLOG does NOT give buy or sell.
Saleem
Internals are positive by minimum 2 to 1.
Gold Down $3.30
Oil UP $1.30
Canadian $ UP 59 tick @ 97.96
VIX Down 1.77% @ 21.05...keeps going down to multi-month low....
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are UP
@ 2.08 following are RED :
LVS,M,AUY,COH,GG,CMG,ZNGA,OCZ,
SLW,BWLD,CRM,MA,V,ULTA,ABX,AEM,
BJRI,KOG....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 21, 2011
Constructive close today....NICE !!!!
Indices were down in triple digits, thanks to RETHINK of why we went UP yesterday.
Europe seems to hold key on a daily basis & sometimes on an hourly basis.
I can assure you, this is NOT how market trades ever. This is a major departure of trading thesis. Europe seems to have taken over every traders mind & exhibits instant fear of total disaster.
Maybe, there are enough brave souls out there, who are trying to be "un-nerved" by REVERSAL of same news day after day.
By close of the day, even Nasdaq recovered in a big way, while Dow & S&P 500 closed GREEN. Yes we closed green on hysteria created by ORCL, saying that next 6 months Tech expenditures are in jeopardy.......
In this selling mayhem, VIX tumbled 7.92% & is siting @ lows of many months @ 21.38...
Oil closed @ $98.67
Gold closed @ $1613.60
S&P 500 closed @ 1243.72, after dipping to 1229.51, next resistance is 1259.59 which is 200 DMA. RSI is @ healthy 54.06.....i will be careful around 60 area, given all the gyrations.
Back to RIMM, which had the highest volume of 75.43 million shares today, on Friday after ER it had volume of 66.61 million shares, average volume is 22.18 million shares. Logical question IS, why so many buyers are lining UP when most analysts were 100% sure that RIMM is an $8 stock. One analysts with $8 target, even today told all faithful to sell immediately on this slight UPTICK as there is no chance of a takeover.....today RIMM was UP 10.06% when most techs were down 7% to 9%......
RIMM had a rare POSITIVE note today from Think Equity analyst, who upgraded RIMM to BUY from HOLD.He believes any takeover will be around $25. For the record Microsoft / Nokia & Amazon had shown interest in takeover of RIMM......
Here is my $ weighting as of tonight :
LULU 19.20%
LVS 14.64%
RIMM 13.41%
CNQ 12.19%
M 11.85%
APKT 10.17%
SNDK 9.37%
RVBD 9.17%
As you can clearly see, that i am well diversified in many "beaten down stocks"..which is the only way to be in "uncertain markets"
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Europe seems to hold key on a daily basis & sometimes on an hourly basis.
I can assure you, this is NOT how market trades ever. This is a major departure of trading thesis. Europe seems to have taken over every traders mind & exhibits instant fear of total disaster.
Maybe, there are enough brave souls out there, who are trying to be "un-nerved" by REVERSAL of same news day after day.
By close of the day, even Nasdaq recovered in a big way, while Dow & S&P 500 closed GREEN. Yes we closed green on hysteria created by ORCL, saying that next 6 months Tech expenditures are in jeopardy.......
In this selling mayhem, VIX tumbled 7.92% & is siting @ lows of many months @ 21.38...
Oil closed @ $98.67
Gold closed @ $1613.60
S&P 500 closed @ 1243.72, after dipping to 1229.51, next resistance is 1259.59 which is 200 DMA. RSI is @ healthy 54.06.....i will be careful around 60 area, given all the gyrations.
Back to RIMM, which had the highest volume of 75.43 million shares today, on Friday after ER it had volume of 66.61 million shares, average volume is 22.18 million shares. Logical question IS, why so many buyers are lining UP when most analysts were 100% sure that RIMM is an $8 stock. One analysts with $8 target, even today told all faithful to sell immediately on this slight UPTICK as there is no chance of a takeover.....today RIMM was UP 10.06% when most techs were down 7% to 9%......
RIMM had a rare POSITIVE note today from Think Equity analyst, who upgraded RIMM to BUY from HOLD.He believes any takeover will be around $25. For the record Microsoft / Nokia & Amazon had shown interest in takeover of RIMM......
Here is my $ weighting as of tonight :
LULU 19.20%
LVS 14.64%
RIMM 13.41%
CNQ 12.19%
M 11.85%
APKT 10.17%
SNDK 9.37%
RVBD 9.17%
As you can clearly see, that i am well diversified in many "beaten down stocks"..which is the only way to be in "uncertain markets"
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices down .35% to 1.76%, thanks to ORCL ER.......
Nasdaq is taking on the chin after ORCL ER which missed expectations. There was concern on European Tech spending which is being pushed out.
S&P 500 & Dow are doing relatively better.
Internals are negative, worse in Nasdaq
Oil UP $1.58
Gold Down $2.30
Canadian $ UP 27 tick @ 97.44
VIX Down 3.79% @ 22.34...going down in a hurry, lowest level in months....
In my portfolio :
Doubled my position in APKT @ $31.39
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....
Most stocks are down
@ 2.25 following are UP :
RIMM,CNQ,LVS,M,AUY,COH,AGU,BWLD,JCP,
SOL,JKS,CCJ,CMG,KOG,IBN,GS,SNE.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Dow are doing relatively better.
Internals are negative, worse in Nasdaq
Oil UP $1.58
Gold Down $2.30
Canadian $ UP 27 tick @ 97.44
VIX Down 3.79% @ 22.34...going down in a hurry, lowest level in months....
In my portfolio :
Doubled my position in APKT @ $31.39
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....
Most stocks are down
@ 2.25 following are UP :
RIMM,CNQ,LVS,M,AUY,COH,AGU,BWLD,JCP,
SOL,JKS,CCJ,CMG,KOG,IBN,GS,SNE.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 20, 2011
Indices closed UP 2.87% to 3.19% on high volume.......NICE !!!!
Indices were strong from open & closed near high of the day. Volume was higher.
Here is the technical picture of indices :
Dow above 50 & 200 DMA
S&P 500 above 50 DMA, but below 200 DMA
Nasdaq below 50 & 200 DMA
Next resistance for S&P 500 is 200 DMA which is @ 1259.97, closed @ 1241.30
Tonight IBD is saying " markets in confirmed UPTREND"......last time when S&P 500 went from 1158.66 to 1267.06, an UP move of 108.48 points or +9.36%, IBD insisted "markets in correction"........
Internals of the markets were :
UP volume led by 36.91 to 1 in NYSE & 13.75 to 1 in Nasdaq
Advancing stocks led by 7.0 to 1 in NYSE & 4.77 to 1 in Nasdaq
VIX closed down 6.82% @ 23.22
Oil closed @ $97.22
Gold closed @ $1617.60
AH ER :
ORCL Down 9.02%
OPEN Down 2.86%
PAYX Down 1.62%
NKE UP 2.96%
Stocks which were UP 3% or more included APKT,CNQ,LVS,LULU,M,RVBD,SNDK,
AUY,BIDU,CLF,COH,PCLN,FCX,MOS,
AAPL,CMG,NTES,FFIV,SLW,MA,JKS,
TCK,MS,CIEN,FNSR,JDSU,CRUS,ARUN.......
AH RIMM was UP $1.28 or 10.22% with heavy AH volume of 2,651,154. Reuters reported that several outfit approached RIMM for takeover which was rebuffed by RIMM management.
AMZN was mentioned as one of the suitor this summer.
As you can all recall that media, analysts have degraded RIMM to PALM level in their thesis & boasted as to why anybody will takeover RIMM as they implied, that there is NO VALUE.
I am sure those analysts were heavily short RIMM, & were covering like crazy in AH.....FACTS always speaks louder than words.......
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Here is the technical picture of indices :
Dow above 50 & 200 DMA
S&P 500 above 50 DMA, but below 200 DMA
Nasdaq below 50 & 200 DMA
Next resistance for S&P 500 is 200 DMA which is @ 1259.97, closed @ 1241.30
Tonight IBD is saying " markets in confirmed UPTREND"......last time when S&P 500 went from 1158.66 to 1267.06, an UP move of 108.48 points or +9.36%, IBD insisted "markets in correction"........
Internals of the markets were :
UP volume led by 36.91 to 1 in NYSE & 13.75 to 1 in Nasdaq
Advancing stocks led by 7.0 to 1 in NYSE & 4.77 to 1 in Nasdaq
VIX closed down 6.82% @ 23.22
Oil closed @ $97.22
Gold closed @ $1617.60
AH ER :
ORCL Down 9.02%
OPEN Down 2.86%
PAYX Down 1.62%
NKE UP 2.96%
Stocks which were UP 3% or more included APKT,CNQ,LVS,LULU,M,RVBD,SNDK,
AUY,BIDU,CLF,COH,PCLN,FCX,MOS,
AAPL,CMG,NTES,FFIV,SLW,MA,JKS,
TCK,MS,CIEN,FNSR,JDSU,CRUS,ARUN.......
AH RIMM was UP $1.28 or 10.22% with heavy AH volume of 2,651,154. Reuters reported that several outfit approached RIMM for takeover which was rebuffed by RIMM management.
AMZN was mentioned as one of the suitor this summer.
As you can all recall that media, analysts have degraded RIMM to PALM level in their thesis & boasted as to why anybody will takeover RIMM as they implied, that there is NO VALUE.
I am sure those analysts were heavily short RIMM, & were covering like crazy in AH.....FACTS always speaks louder than words.......
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices UP 2.60% to 2.84% in deeply oversold bounce.......
Indices are UP sharply, after being deeply oversold in last 8 day's.
Internals are positive by minimum 4 to 1.
Oil UP $3.42
Gold UP $20.50
Canadian $ UP 78 tick @ 97.08
VIX Down 7.1% @ 23.15..lowest level in months
In my portfolio :
Bought APKT @ $31.20
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are UP
@ 2.08 following are red :
RIMM.....
BLOG does NOT give buy or sell.
Saleem
Internals are positive by minimum 4 to 1.
Oil UP $3.42
Gold UP $20.50
Canadian $ UP 78 tick @ 97.08
VIX Down 7.1% @ 23.15..lowest level in months
In my portfolio :
Bought APKT @ $31.20
Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are UP
@ 2.08 following are red :
RIMM.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 19, 2011
Indices closed down .84% to 1.26% in lowest volume.......
Indices followed a "familiar pattern" by opening higher & closing near lows of the day.
S&P 500 low today was 1202.37, closing @ 1205.35...RSI 44.28
Internals were :
Down volume led by 9.96 to 1 in NYSE & 5.73 to 1 in Nasdaq
Declining stocks led by 3.67 to 1 in NYSE & 3.28 to 1 in Nasdaq
New 52 wk lows were in the lead, 117 in NYSE & 157 in Nasdaq
All of the above in extremely low volume ?
VIX closed UP 2.59% @ 24.92
Oil closed @ $93.38
Gold closed @ $1596.70
AH RHT Down 8.36%, S UP 6.48%
As to the market analysis, we are due for a technical rebound, after being sold from 1267.06 to 1202.37. We went down 64.69 points or 5.11% in 8 trading day's.......
In this technical bounce, i am expecting us to go through 50 DMA which is 1229.77, then to 1256 area...this will be a gain of 4.49%...it will be PRUDENT to reduce exposure in that area...I am CERTAINLY planning to do just that....i am expecting a very difficult & grinding many months, until end of Sep 2012.
I also try to do comparative analysis, especially on my "most speculative" position which is RIMM, & see IF it can be kept until "profit objective is achieved"
Here is how RIMM is stacking up as of tonight, from Yahoo Finance latest consensus numbers :
AAPL EPS $34.76, Price $382.21 PE 11.00
NOK EPS 33 Cents, Price $4.51 PE 13.67
RIMM EPS $3.32, Price $12.89 PE 3.88
I am hoping that, with time & few good news, RIMM PE will expand towards competitors.
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was 1202.37, closing @ 1205.35...RSI 44.28
Internals were :
Down volume led by 9.96 to 1 in NYSE & 5.73 to 1 in Nasdaq
Declining stocks led by 3.67 to 1 in NYSE & 3.28 to 1 in Nasdaq
New 52 wk lows were in the lead, 117 in NYSE & 157 in Nasdaq
All of the above in extremely low volume ?
VIX closed UP 2.59% @ 24.92
Oil closed @ $93.38
Gold closed @ $1596.70
AH RHT Down 8.36%, S UP 6.48%
As to the market analysis, we are due for a technical rebound, after being sold from 1267.06 to 1202.37. We went down 64.69 points or 5.11% in 8 trading day's.......
In this technical bounce, i am expecting us to go through 50 DMA which is 1229.77, then to 1256 area...this will be a gain of 4.49%...it will be PRUDENT to reduce exposure in that area...I am CERTAINLY planning to do just that....i am expecting a very difficult & grinding many months, until end of Sep 2012.
I also try to do comparative analysis, especially on my "most speculative" position which is RIMM, & see IF it can be kept until "profit objective is achieved"
Here is how RIMM is stacking up as of tonight, from Yahoo Finance latest consensus numbers :
AAPL EPS $34.76, Price $382.21 PE 11.00
NOK EPS 33 Cents, Price $4.51 PE 13.67
RIMM EPS $3.32, Price $12.89 PE 3.88
I am hoping that, with time & few good news, RIMM PE will expand towards competitors.
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 lower low of 1209.41 on same old same old......
S&P 500 made lower low today of 1209.41.
Reason for market weakness, continues to be the same old European debt issues.
Oil UP 35 cents
Gold Down $1.50
Canadian $ UP 22 tick @ 96.53
VIX UP .66% @ 24.45
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are down
@ 2.10 following are green :
LULU,CMG,AAPL,AMZN,PCLN,AGU,V,
BWLD,CRUS,LDK,SOL.....
BLOG does NOT give buy or sell.
Saleem
Reason for market weakness, continues to be the same old European debt issues.
Oil UP 35 cents
Gold Down $1.50
Canadian $ UP 22 tick @ 96.53
VIX UP .66% @ 24.45
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are down
@ 2.10 following are green :
LULU,CMG,AAPL,AMZN,PCLN,AGU,V,
BWLD,CRUS,LDK,SOL.....
BLOG does NOT give buy or sell.
Saleem
Sunday, December 18, 2011
Last week for markets to rally or not ?
This market has been a "huge disappointment" all year.
Trend was uncomfortably negative all year.....
We are sitting @ negative return in all indices...
There is plenty of blame to go around for negative return as listed below :
-Europe debt crisis & lack of resolution.
-US political gridlock
-Chinese slowdown
-India slowdown
-European economies in recession
Based on most experts, who know European debt crisis, they expect continuation of that until 2013.
US political gridlock to continue until election.
Chinese slowdown to continue in 2012
Indian slowdown to continue in 2012.
Europe recession in full swing in 2012.
So, all of the above does not bode well for first half of 2012.
Based on recent past, current pattern of narrow trading range to continue into first half of 2012.
In S&P 500, range has been established between 1120 to 1270, currently we are @ 1219.66....
Now, we are entering last 5 trading days before holiday's. I do not expect much in the week of Dec 26th........
Most Hedge Funds have realized that, next six months, stock markets will remain in doldrums. HFT are resigned to playing it safe with 2% return in Fixed income with "no risk".
Market verdict on European agreement, Fed statement has been negative. Year end buying has been missing so far. New allocation for 2012 may not happen until later half.
Nasdaq is the-weakest amongst all indices, which could be the result of economic weakness worldwide. Nasdaq is well below 50 & 200 DMA.
Dow is the-best behaving, it is above 50 & got above 200 DMA on Friday, but closed below 200. Drugs & other sectors are contributing to its strength.
There has been extended period where markets went nowhere fast.
I sat through one period when Dow went from 1020 in Dec 1972 to Nov 1974 Dow went to 618.66, then slowly it worked its way UP to Aug 1982 to find a bottom......then broke even in 1982 after 10 years....Now Dow sits @ 11,866 after 29 years..a gain of 1200% in 29 years..annual return of 41.38%.
SO..IF you can "clearly see" long term potential of Dow from hereon with a sloppy six months ahead, then it may be worth the wait.....
I am not expecting much in next six months, same old news & same old TAPE....
Good luck with your OWN comfort level & market analysis.
BLOG does NOT give buy or sell.
Saleem
Trend was uncomfortably negative all year.....
We are sitting @ negative return in all indices...
There is plenty of blame to go around for negative return as listed below :
-Europe debt crisis & lack of resolution.
-US political gridlock
-Chinese slowdown
-India slowdown
-European economies in recession
Based on most experts, who know European debt crisis, they expect continuation of that until 2013.
US political gridlock to continue until election.
Chinese slowdown to continue in 2012
Indian slowdown to continue in 2012.
Europe recession in full swing in 2012.
So, all of the above does not bode well for first half of 2012.
Based on recent past, current pattern of narrow trading range to continue into first half of 2012.
In S&P 500, range has been established between 1120 to 1270, currently we are @ 1219.66....
Now, we are entering last 5 trading days before holiday's. I do not expect much in the week of Dec 26th........
Most Hedge Funds have realized that, next six months, stock markets will remain in doldrums. HFT are resigned to playing it safe with 2% return in Fixed income with "no risk".
Market verdict on European agreement, Fed statement has been negative. Year end buying has been missing so far. New allocation for 2012 may not happen until later half.
Nasdaq is the-weakest amongst all indices, which could be the result of economic weakness worldwide. Nasdaq is well below 50 & 200 DMA.
Dow is the-best behaving, it is above 50 & got above 200 DMA on Friday, but closed below 200. Drugs & other sectors are contributing to its strength.
There has been extended period where markets went nowhere fast.
I sat through one period when Dow went from 1020 in Dec 1972 to Nov 1974 Dow went to 618.66, then slowly it worked its way UP to Aug 1982 to find a bottom......then broke even in 1982 after 10 years....Now Dow sits @ 11,866 after 29 years..a gain of 1200% in 29 years..annual return of 41.38%.
SO..IF you can "clearly see" long term potential of Dow from hereon with a sloppy six months ahead, then it may be worth the wait.....
I am not expecting much in next six months, same old news & same old TAPE....
Good luck with your OWN comfort level & market analysis.
BLOG does NOT give buy or sell.
Saleem
Friday, December 16, 2011
Mixed close on Quad witching day.......
Indices were quite for two day's, which is strange, as it was quadruple witching Friday.
You almost had the FEEL of a long weekend before Christmas, but that is next week?
Internals of the market were :
UP volume led by 1.93 to 1 in NYSE & 1.44 to 1 in Nasdaq
Advancing stocks led by 1.67 to 1 in NYSE & 1.16 to 1 in Nasdaq
VIX closed down 3.27% @ 24.29
Oil closed Down @ $95.53
Gold closed UP @ $1587.90
Stocks which were UP 1% or more included CNQ,LVS,RVBD,
AUY,GG,TCK,MOS,WYNN,PCLN,MPEL,SLW,BWLD,JKS,
V,FNSR,WWWW,KOG,SWC......
Here is my portfolio weighting with all the UPS & DOWN :
LULU 21.46%
LVS 16.03%
RIMM 14.82%
CNQ 13.46%
M 13.00%
RVBD 10.67%
SNDK 10.56%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
You almost had the FEEL of a long weekend before Christmas, but that is next week?
Internals of the market were :
UP volume led by 1.93 to 1 in NYSE & 1.44 to 1 in Nasdaq
Advancing stocks led by 1.67 to 1 in NYSE & 1.16 to 1 in Nasdaq
VIX closed down 3.27% @ 24.29
Oil closed Down @ $95.53
Gold closed UP @ $1587.90
Stocks which were UP 1% or more included CNQ,LVS,RVBD,
AUY,GG,TCK,MOS,WYNN,PCLN,MPEL,SLW,BWLD,JKS,
V,FNSR,WWWW,KOG,SWC......
Here is my portfolio weighting with all the UPS & DOWN :
LULU 21.46%
LVS 16.03%
RIMM 14.82%
CNQ 13.46%
M 13.00%
RVBD 10.67%
SNDK 10.56%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 15, 2011
Indices closed green...NICE !!!!
Indices closed green, which is a major victory in current negative environment.
Internals were mostly positive as follows :
Up volume led by 1.78 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by 1.68 to 1 in NYSE & 1.44 to 1 in Nasdaq
VIX closed down 3.57% @ 25.11
Oil closed @ $93.87
Gold closed @ $1577.20
Stocks which closed green included CNQ,LULU,M,RIMM,
CLF,PCLN,NTES,FFIV,BWLD,GOOG,TSL,AMZN,JCP
FNSR......
ER were greeted as follows :
ADBE UP 5.56%
ACN Down 2.55%
DECK Down 9.55%
RIMM Down 7.53%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals were mostly positive as follows :
Up volume led by 1.78 to 1 in NYSE & .99 to 1 in Nasdaq
Advancing stocks led by 1.68 to 1 in NYSE & 1.44 to 1 in Nasdaq
VIX closed down 3.57% @ 25.11
Oil closed @ $93.87
Gold closed @ $1577.20
Stocks which closed green included CNQ,LULU,M,RIMM,
CLF,PCLN,NTES,FFIV,BWLD,GOOG,TSL,AMZN,JCP
FNSR......
ER were greeted as follows :
ADBE UP 5.56%
ACN Down 2.55%
DECK Down 9.55%
RIMM Down 7.53%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
RIMM Results mostly lower than expectations.......
RIMM reported Q3 :
Sales actual $5.17 billion vs expectations of $5.27 billion, a miss
EPS actual $1.27 vs expectations of $1.19, a beat
14.1 million units sold
Guidance for Q4 :
Sales $4.6 billion to $4.9 billion vs expectations of $5.12 billion, a miss
EPS 80 cents to 95 cents vs expectations of $1.18, a miss
Unit projection 11 million to 12 million vs expectations of 13.1 million, a miss
Blackberry 10 now expected end of 2012 vs previous expectations of middle 2012, a delay
Software upgrade for blackberry Playbook 2.0 coming in February, as expected.
RIMM down AH $1.04 last trade @ $14.09
In order to evaluate RIMM "objectively"......looks like RIMM will earn $3.20 cents for next four quarters. I am taking their low end of EPS guidance of 80 cents X 4 quarters = $3.20
IF RIMM is trading @ $14.09 divided by $3.20, we have a forward PE of 4.40....for a "turnaround company"
Conference call was very UPBEAT !!!!
BLOG does NOT give buy or sell.
Saleem
Sales actual $5.17 billion vs expectations of $5.27 billion, a miss
EPS actual $1.27 vs expectations of $1.19, a beat
14.1 million units sold
Guidance for Q4 :
Sales $4.6 billion to $4.9 billion vs expectations of $5.12 billion, a miss
EPS 80 cents to 95 cents vs expectations of $1.18, a miss
Unit projection 11 million to 12 million vs expectations of 13.1 million, a miss
Blackberry 10 now expected end of 2012 vs previous expectations of middle 2012, a delay
Software upgrade for blackberry Playbook 2.0 coming in February, as expected.
RIMM down AH $1.04 last trade @ $14.09
In order to evaluate RIMM "objectively"......looks like RIMM will earn $3.20 cents for next four quarters. I am taking their low end of EPS guidance of 80 cents X 4 quarters = $3.20
IF RIMM is trading @ $14.09 divided by $3.20, we have a forward PE of 4.40....for a "turnaround company"
Conference call was very UPBEAT !!!!
BLOG does NOT give buy or sell.
Saleem
Indices still green, on improving US economic picture....NICE !!!!
Indices are green, after many US economic data were better than expected.
Gains are muted so far, as many so called pundits are short this market. They will only cover when they see serious losses.
We know for sure, that all Jimmy the Cramer followers are out of this market as he told them to cash out yesterday @ lows of the day. He is the-best contrary indicator of all times. Even Fast (PANIC) Money were all bearish.....nice way to know when turn is imminent......
Internals of the market are positive.
Gold Down $12.50
Oil Down 90 cents
Canadian $ UP 47 tick @ 96.69
VIX Down 6.37% @ 24.38...best proof that year end rally @ hand.
In my portfolio :
Added 110% CNQ @ $33.67
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK
Here is my current portfolio weighting :
LULU 21.09%
RIMM 16.37%
LVS 15.55%
M 13.11%
CNQ 12.97%
SNDK 10.48%
RVBD 10.43%
Extremely disappointed with thousands of analysts, who are extremely negative on RIMM, could NOT make new 52 wk lows today. They are losing their collective power...they had 16 million shares traded so far but no new lows?? maybe they will try again near close........or AH ?
RIMM reports tonight, which will be a non event. Only part in guidance which will be of any consequence will be their handset Sales for Q4...genius on wall street have it @ 12 million units....
Most stocks are UP
@ 2.04, following are RED :
LVS,RIMM,RVBD,SNDK,BIDU,COH,CMG,
APKT,OTEX,GS,FCX,MOS,VMW,QCOM,CRM,
ARUN,SLW,SU,AEM.....
BLOG does NOT give buy or sell.
Saleem
Gains are muted so far, as many so called pundits are short this market. They will only cover when they see serious losses.
We know for sure, that all Jimmy the Cramer followers are out of this market as he told them to cash out yesterday @ lows of the day. He is the-best contrary indicator of all times. Even Fast (PANIC) Money were all bearish.....nice way to know when turn is imminent......
Internals of the market are positive.
Gold Down $12.50
Oil Down 90 cents
Canadian $ UP 47 tick @ 96.69
VIX Down 6.37% @ 24.38...best proof that year end rally @ hand.
In my portfolio :
Added 110% CNQ @ $33.67
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK
Here is my current portfolio weighting :
LULU 21.09%
RIMM 16.37%
LVS 15.55%
M 13.11%
CNQ 12.97%
SNDK 10.48%
RVBD 10.43%
Extremely disappointed with thousands of analysts, who are extremely negative on RIMM, could NOT make new 52 wk lows today. They are losing their collective power...they had 16 million shares traded so far but no new lows?? maybe they will try again near close........or AH ?
RIMM reports tonight, which will be a non event. Only part in guidance which will be of any consequence will be their handset Sales for Q4...genius on wall street have it @ 12 million units....
Most stocks are UP
@ 2.04, following are RED :
LVS,RIMM,RVBD,SNDK,BIDU,COH,CMG,
APKT,OTEX,GS,FCX,MOS,VMW,QCOM,CRM,
ARUN,SLW,SU,AEM.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 14, 2011
Another disappointing close .......
Indices closed down 1.08% to 1.55%.
Close was disappointing because, there was no real news, except hyper-focus on bond yield in Italy & US......Italian bond yield is less than 7%, but it is being viewed as if it never hit that high. High was close to 7.5% a month back?????
S&P 500 closed two points higher than low of the day.....
Internals of the markets were :
Down volume led by 3.67 to 1 in NYSE & 6.19 to 1 in Nasdaq
Declining stocks led by 2.62 to 1 in NYSE & 2.12 to 1 in Nasdaq
New 52 lows were in the lead again, 101 in NYSE & 135 in Nasdaq
Internals were not bad, considering media negativity.
Jimmy the Cramer is "afraid" of this market, suggesting selling when S&P was 4 points above lows of the day. He wants his followers to book loss near lows?
Oil closed down @ $94.95
Gold closed down @ $1586.90
AH LRCX buying NVLS
LRCX down 4.05%
NVLS UP 20.12%
AH Futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold down again, currently down $13.20 AH
Chinese Flash PMI for December came in @ 49, this survey is from HSBC. November was @ 47.7. The rate of decline is much less from Oct to Dec vs Oct to Nov........
BLOG does NOT give buy or sell.
Saleem
Close was disappointing because, there was no real news, except hyper-focus on bond yield in Italy & US......Italian bond yield is less than 7%, but it is being viewed as if it never hit that high. High was close to 7.5% a month back?????
S&P 500 closed two points higher than low of the day.....
Internals of the markets were :
Down volume led by 3.67 to 1 in NYSE & 6.19 to 1 in Nasdaq
Declining stocks led by 2.62 to 1 in NYSE & 2.12 to 1 in Nasdaq
New 52 lows were in the lead again, 101 in NYSE & 135 in Nasdaq
Internals were not bad, considering media negativity.
Jimmy the Cramer is "afraid" of this market, suggesting selling when S&P was 4 points above lows of the day. He wants his followers to book loss near lows?
Oil closed down @ $94.95
Gold closed down @ $1586.90
AH LRCX buying NVLS
LRCX down 4.05%
NVLS UP 20.12%
AH Futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold down again, currently down $13.20 AH
Chinese Flash PMI for December came in @ 49, this survey is from HSBC. November was @ 47.7. The rate of decline is much less from Oct to Dec vs Oct to Nov........
BLOG does NOT give buy or sell.
Saleem
Indices down .86% to 1.36% on Bond auctions.....
First it was Italian bond auction which caused selling, now US bond fetched the-lowest rate, so we go down again........
S&P 500 went to 1209.83 @ lows of the day, currently @ 1213.38. 50 DMA is 1226.27 which needs to be conquered to declare any victory for bulls.
RSI @ 46.19
Internals are negative by minimum 2 to 1
Oil Down $4.97
Gold Down $80.20
Canadian $ Down 56 tick @ 96.19
VIX UP 3.38% @ 26.27
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are down
@ 2.38 following are green :
M,GE,PFE,V,JCP,PWRD,NYX......
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1209.83 @ lows of the day, currently @ 1213.38. 50 DMA is 1226.27 which needs to be conquered to declare any victory for bulls.
RSI @ 46.19
Internals are negative by minimum 2 to 1
Oil Down $4.97
Gold Down $80.20
Canadian $ Down 56 tick @ 96.19
VIX UP 3.38% @ 26.27
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are down
@ 2.38 following are green :
M,GE,PFE,V,JCP,PWRD,NYX......
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 13, 2011
Disappointing close today, on no real news......
Close today can be described as disappointing, there was "no earth shattering news" to account for this weakness. Retail sales came in slightly below expectations.
Technical picture of this market is also looking all mixed up @ today's close.
Dow is above 50 & 200 DMA....RSI 52.06
Nasdaq is below 50 & 200 DMA....RSI 47.18
S&P is below 200 DMA, but is above 50 DMA.......RSI 48.80
Even RSI numbers are all over......
One more day of negative close & we may have most indices showing technical weakness.
Internals of the market are as follows :
Down volume led by 4.58 to 1 in NYSE & 4.33 to 1 in Nasdaq
Declining stocks led by 2.49 to 1 in NYSE & 2.95 to 1 in Nasdaq
New 52 wk highs are leading in NYSE & new 52 wk lows are leading in Nasdaq
Generally, i dont see such an extent of mixed picture ?
VIX closed Down 1.01% @ 25.41, everybody has a theory for this divergence ?
Oil closed @ $100.14..a bullish picture
Gold closed @ $1663.10... a bearish picture
S&P 500 low today was 1219.43....this needs to hold, otherwise we go lower...Today's downdraft CAN be attributed to early "quad witching Option expiry" squaring off?
So far, two of my four "optimistic theory" has been knocked out. First neutral reaction to European agreement & now no Fed boost. I am left with last two "optimistic theory", first seasonal strength & under allocation by many. IF last two does not pan out, it will be WISE to sell in January & go away ?
In my portfolio :
Sold BIDU
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK
RIMM reports AH on Thursday, every single analysts have lowered their opinion of RIMM & some are predicting $10 price target .......pessimism cannot be more pronounced.... with an earning power of almost $4 for next 12 months, it is a very compelling "speculation"...trading @ forward PE of 3.90..market cap of $8.11 billion......
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down.....Gold is down AH another $25.10 @ $1638.10..sign of deflation is in the air ?
BLOG does NOT give buy or sell.
Saleem
Technical picture of this market is also looking all mixed up @ today's close.
Dow is above 50 & 200 DMA....RSI 52.06
Nasdaq is below 50 & 200 DMA....RSI 47.18
S&P is below 200 DMA, but is above 50 DMA.......RSI 48.80
Even RSI numbers are all over......
One more day of negative close & we may have most indices showing technical weakness.
Internals of the market are as follows :
Down volume led by 4.58 to 1 in NYSE & 4.33 to 1 in Nasdaq
Declining stocks led by 2.49 to 1 in NYSE & 2.95 to 1 in Nasdaq
New 52 wk highs are leading in NYSE & new 52 wk lows are leading in Nasdaq
Generally, i dont see such an extent of mixed picture ?
VIX closed Down 1.01% @ 25.41, everybody has a theory for this divergence ?
Oil closed @ $100.14..a bullish picture
Gold closed @ $1663.10... a bearish picture
S&P 500 low today was 1219.43....this needs to hold, otherwise we go lower...Today's downdraft CAN be attributed to early "quad witching Option expiry" squaring off?
So far, two of my four "optimistic theory" has been knocked out. First neutral reaction to European agreement & now no Fed boost. I am left with last two "optimistic theory", first seasonal strength & under allocation by many. IF last two does not pan out, it will be WISE to sell in January & go away ?
In my portfolio :
Sold BIDU
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK
RIMM reports AH on Thursday, every single analysts have lowered their opinion of RIMM & some are predicting $10 price target .......pessimism cannot be more pronounced.... with an earning power of almost $4 for next 12 months, it is a very compelling "speculation"...trading @ forward PE of 3.90..market cap of $8.11 billion......
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down.....Gold is down AH another $25.10 @ $1638.10..sign of deflation is in the air ?
BLOG does NOT give buy or sell.
Saleem
Fed statement erased all gains, indices mixed now......
Fed said " economy has been expanding moderately", "some apparent slowing in global growth"
These word of wisdom did not translate into positive action in markets, markets are mixed currently.
Gold Down $11.20
Oil UP $2.36
Canadian $ Down 45 tick @ 96.88
VIX Down 2.88% @ 24.93 ?????
Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are down
@ 2.56 following are green :
SNDK,APKT,SU,GOOG,MS,IBN....
BLOG does NOT give buy or sell.
Saleem
These word of wisdom did not translate into positive action in markets, markets are mixed currently.
Gold Down $11.20
Oil UP $2.36
Canadian $ Down 45 tick @ 96.88
VIX Down 2.88% @ 24.93 ?????
Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are down
@ 2.56 following are green :
SNDK,APKT,SU,GOOG,MS,IBN....
BLOG does NOT give buy or sell.
Saleem
Monday, December 12, 2011
Indices closed down 1.31% to 1.49%, on risk off trade......
Indices were under pressure from open, as both Fitch & Moody's ran a coordinated assault on European agreement, threatening future downgrades & saying that Europe is in trouble for entire 2012.
I have repeatedly said, that European leaders have shown real leadership & vision by agreeing to fiscal discipline. Ironically no such leadership or discipline currently exists in US deficit reduction ?
S&P 500 went to 1227.25 @ lows of the day, but fought its way back to close @ 1236.47.
Internals @ close were :
Down volume led by 11.18 ro 1 in NYSE & 4.94 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 2.60 to 1 in Nasdaq
Volume was below average
VIX closed down again by 2.69% @ 25.67, lowest level in a while.
Oil closed @ $97.77
Gold closed @ 1668.20
Tomorrow, it is all about Fed statement @ 2.15 PM, i expect a "change" in language. Fed should give a "kick start" to year end rally.
AH futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
I have repeatedly said, that European leaders have shown real leadership & vision by agreeing to fiscal discipline. Ironically no such leadership or discipline currently exists in US deficit reduction ?
S&P 500 went to 1227.25 @ lows of the day, but fought its way back to close @ 1236.47.
Internals @ close were :
Down volume led by 11.18 ro 1 in NYSE & 4.94 to 1 in Nasdaq
Declining stocks led by 3.92 to 1 in NYSE & 2.60 to 1 in Nasdaq
Volume was below average
VIX closed down again by 2.69% @ 25.67, lowest level in a while.
Oil closed @ $97.77
Gold closed @ 1668.20
Tomorrow, it is all about Fed statement @ 2.15 PM, i expect a "change" in language. Fed should give a "kick start" to year end rally.
AH futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices down 1.78% to 1.98%, on renewed negativity.......
Indices are down sharply on many reasons, Moody's is renewing its negative take on European deal, INTC revenue warning is added concern today.
Due to Thailand flood, expect many companies to warn.......
European countries have made substantial progress last week, which is being ignored today by organized negativity?
S&P 500 went to 1227.25 @ its low point so far......
RSI @ 49.91
Internals are negative by 5 to 1
Oil Down $1.45
Gold Down $48.20
Canadian $ Down 1.04 cent @ 97.39..due to risk off
VIX UP 3.64% @ 27.34..pretty tame, good for stock bulls......
Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....
Most stocks are down
Inverse stocks are UP
BLOG does NOT give buy or sell.
Saleem
Due to Thailand flood, expect many companies to warn.......
European countries have made substantial progress last week, which is being ignored today by organized negativity?
S&P 500 went to 1227.25 @ its low point so far......
RSI @ 49.91
Internals are negative by 5 to 1
Oil Down $1.45
Gold Down $48.20
Canadian $ Down 1.04 cent @ 97.39..due to risk off
VIX UP 3.64% @ 27.34..pretty tame, good for stock bulls......
Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....
Most stocks are down
Inverse stocks are UP
BLOG does NOT give buy or sell.
Saleem
Sunday, December 11, 2011
Are we entering the-best eight weeks to be in market ?
Next eight weeks could be the-best time to be in market?
Based on history, psychology, world economy, under-exposure......it could be !!!
Q4 / end of the year / end of the month / end of the Q, are all converging.
Till Friday, many participant were not sure as to European outcome, most were expecting failure.
Now that we have a "perception" that Europeans are united in their desire to deal with budgetary discipline, we MAY have entered a new phase in markets.
S&P 500 closed @ 1255.19, which is well above 1225 previous resistance area.
S&P 500 can move through these targets in next eight weeks :
- First target 200 DMA 1263.32
- Second target 1277
- Third target 1292
- Fourth target 1344
- Fifth target 1356
- Sixth target 1370
In next eight weeks, markets strength will determine how many targets we go through.
There are many catalysts in the next eight weeks, as listed below :
- Q4 is the-strongest Q for the market.
- Fed meeting statement to be released on Tuesday, will show a "marked improvement" in their tone.
- Earnings for Q4 should be better than expected.
- There may be a rush to invest for end of December by HF / Mutual Funds / Individuals.
- New inflow for Q1 may come in January.
- World economy may show improvement going into Q1
I, for one will not be surprised IF we go through all targets by end of January 2012.
This market has been compressed for a long time, markets generally looks six months ahead.
Hopefully, we all have learned from our mistakes, & will be positioned to take advantage of upcoming rally. Same old approach may leave you well behind.
Here is my portfolio current % valuation :
LULU 19.28%
RIMM 15.44%
LVS 14.43%
BIDU 13.46%
M 11.69%
RVBD 10.35%
SNDK 9.45%
CNQ 5.90%
Good luck with your OWN homework & your OWN take of market.
BLOG does NOT give buy or sell.
Saleem
Based on history, psychology, world economy, under-exposure......it could be !!!
Q4 / end of the year / end of the month / end of the Q, are all converging.
Till Friday, many participant were not sure as to European outcome, most were expecting failure.
Now that we have a "perception" that Europeans are united in their desire to deal with budgetary discipline, we MAY have entered a new phase in markets.
S&P 500 closed @ 1255.19, which is well above 1225 previous resistance area.
S&P 500 can move through these targets in next eight weeks :
- First target 200 DMA 1263.32
- Second target 1277
- Third target 1292
- Fourth target 1344
- Fifth target 1356
- Sixth target 1370
In next eight weeks, markets strength will determine how many targets we go through.
There are many catalysts in the next eight weeks, as listed below :
- Q4 is the-strongest Q for the market.
- Fed meeting statement to be released on Tuesday, will show a "marked improvement" in their tone.
- Earnings for Q4 should be better than expected.
- There may be a rush to invest for end of December by HF / Mutual Funds / Individuals.
- New inflow for Q1 may come in January.
- World economy may show improvement going into Q1
I, for one will not be surprised IF we go through all targets by end of January 2012.
This market has been compressed for a long time, markets generally looks six months ahead.
Hopefully, we all have learned from our mistakes, & will be positioned to take advantage of upcoming rally. Same old approach may leave you well behind.
Here is my portfolio current % valuation :
LULU 19.28%
RIMM 15.44%
LVS 14.43%
BIDU 13.46%
M 11.69%
RVBD 10.35%
SNDK 9.45%
CNQ 5.90%
Good luck with your OWN homework & your OWN take of market.
BLOG does NOT give buy or sell.
Saleem
Friday, December 9, 2011
Indices closed UP 1.55% to 1.94% on EU agreement.....NICE !!!!
It is more than obvious, that panic selling into close yesterday, was reflective of "poor analysis".
EU has taken its task very seriously, to deal with their failing structure. 26 countries have given clear indication of approval to sweeping changes in budgetary discipline.
Wish US politicians can show the same willingness to "resolve crisis @ hand"
S&P high today was 1258.25, closing @ 1255.19
Gold closed @ $1716.80
Oil closed @ $99.41
VIX crashed today to lowest level in a long time, Down 13.76% @ 26.38...sign of new highs in markets.
Internals of the markets were as follows :
UP volume led by 10.60 to 1 in NYSE & 9.27 to 1 in Nasdaq
Advancing stocks led by 5.94 to 1 in NYSE & 4.76 to 1 in Nasdaq
New 52 wk highs are in the lead, 86 in NYSE & 37 in Nasdaq
Stocks which moved UP 2% or more included BIDU,LULU,RVBD,
CNQ,CLF,COH,FCX,APKT,
NTES,FFIV,QCOM,CRM,MA,TSL,
TCK,MS,JDSU,FNSR,C,CRUS,ARUN.....
In my portfolio :
Sold PCLN
Added 75% LVS @ $44.10
Bought CNQ @ $37.00
Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
EU has taken its task very seriously, to deal with their failing structure. 26 countries have given clear indication of approval to sweeping changes in budgetary discipline.
Wish US politicians can show the same willingness to "resolve crisis @ hand"
S&P high today was 1258.25, closing @ 1255.19
Gold closed @ $1716.80
Oil closed @ $99.41
VIX crashed today to lowest level in a long time, Down 13.76% @ 26.38...sign of new highs in markets.
Internals of the markets were as follows :
UP volume led by 10.60 to 1 in NYSE & 9.27 to 1 in Nasdaq
Advancing stocks led by 5.94 to 1 in NYSE & 4.76 to 1 in Nasdaq
New 52 wk highs are in the lead, 86 in NYSE & 37 in Nasdaq
Stocks which moved UP 2% or more included BIDU,LULU,RVBD,
CNQ,CLF,COH,FCX,APKT,
NTES,FFIV,QCOM,CRM,MA,TSL,
TCK,MS,JDSU,FNSR,C,CRUS,ARUN.....
In my portfolio :
Sold PCLN
Added 75% LVS @ $44.10
Bought CNQ @ $37.00
Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, December 8, 2011
Indices pulled back 1.63% to 2.11%, as ECB lowered expectations......
ECB went out of the way to lower expectations of "quick fix" crowd.
ECB, EU & IMF are all aware of European debt issues, but they are all working on an "incremental mode", as it involves approval of many many countries.
IF we are disappointed with "incremental approach" of EU / ECB, then we should look @ "no improvement" in ongoing US debt ceiling debate.....
We alway's expect more from others, quicker & faster.
EU has come a long way, with Greece & Italy dealt with, that is a major accomplishment in few weeks.....
So, we went down today, in an "over-reaction" mode.
S&P 500 low today was 1231.47, closing @ 1234.35
RSI @ 51.43
Oil closed @ $98.34
Gold closed @ $1713.40
VIX closed @ 30.59
AH news reaction :
TXN Down 5.85%
ALTR Down 6.12%
AH Futures UP
AH Asian Markets Down
AH Gold UP
AH Oil Down
PS...Chinese inflation data just released is "very bullish" for worldwide markets. CPI came in 4.2% estimate was 4.4%. PPI came in @ 2.7% estimate was 3.2%. This lower inflation will give Chinese Central Bank incentive to lower reserve requirement AGAIN, which will "stimulate" Chinese economy.
BLOG does NOT give buy or sell.
Saleem
ECB, EU & IMF are all aware of European debt issues, but they are all working on an "incremental mode", as it involves approval of many many countries.
IF we are disappointed with "incremental approach" of EU / ECB, then we should look @ "no improvement" in ongoing US debt ceiling debate.....
We alway's expect more from others, quicker & faster.
EU has come a long way, with Greece & Italy dealt with, that is a major accomplishment in few weeks.....
So, we went down today, in an "over-reaction" mode.
S&P 500 low today was 1231.47, closing @ 1234.35
RSI @ 51.43
Oil closed @ $98.34
Gold closed @ $1713.40
VIX closed @ 30.59
AH news reaction :
TXN Down 5.85%
ALTR Down 6.12%
AH Futures UP
AH Asian Markets Down
AH Gold UP
AH Oil Down
PS...Chinese inflation data just released is "very bullish" for worldwide markets. CPI came in 4.2% estimate was 4.4%. PPI came in @ 2.7% estimate was 3.2%. This lower inflation will give Chinese Central Bank incentive to lower reserve requirement AGAIN, which will "stimulate" Chinese economy.
BLOG does NOT give buy or sell.
Saleem
Indices Down 1.26% to 1.63% on ECB details.......
ECB cut their rate by .25%, but is not willing to go far in its bond purchasing program.
Some players had speculated in ECB collaboration with IMF to deal with EU debt situation.
Markets certainly see all this as "negative"......
I do expect progress made @ EU meeting this Friday, which should negate some of today's cross-currents.....
Internals of the market are:
Down volume leading by 22.05 to 1 in NYSE & 5.06 to 1 in Nasdaq
Declining stocks leading by 6.61 to 1 in NYSE & 5.11 to 1 in Nasdaq
S&P 500 low so far is 1237.47.....RSI @ 52.78
Oil Down $2.01
Gold Down $32.01
Canadian $ Down 1.20 cent @ 97.89, building permits fell sharply & risk off taking a toll.
VIX UP 6.49% @ 30.53
Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK
Most stocks are Down
@ 2.15 following are green :
LULU,AAPL,CIEN,LDK,SOL....
BLOG does NOT give buy or sell.
Saleem
Some players had speculated in ECB collaboration with IMF to deal with EU debt situation.
Markets certainly see all this as "negative"......
I do expect progress made @ EU meeting this Friday, which should negate some of today's cross-currents.....
Internals of the market are:
Down volume leading by 22.05 to 1 in NYSE & 5.06 to 1 in Nasdaq
Declining stocks leading by 6.61 to 1 in NYSE & 5.11 to 1 in Nasdaq
S&P 500 low so far is 1237.47.....RSI @ 52.78
Oil Down $2.01
Gold Down $32.01
Canadian $ Down 1.20 cent @ 97.89, building permits fell sharply & risk off taking a toll.
VIX UP 6.49% @ 30.53
Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK
Most stocks are Down
@ 2.15 following are green :
LULU,AAPL,CIEN,LDK,SOL....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 7, 2011
Extremely bullish close today......NICE !!!!!
Dow & S&P 500 went to higher highs & closed @ the highest level of this rally, a very strong technical indicator.
S&P 500 low today 1244.80, high 1267.06 & closed @ 1261.01, a nice bullish trajectory.
S&P 200 DMA is 1264.00, which it should take out @ opening bell, this will be another confirmation of this bull run.
RSI @ 58.68
Internals were mixed.
Oil closed @ $100.49
Gold closed @ $1744.80
VIX closed @ 28.67
After saying sell sell sell every other day, Jimmy the Cramer finally, could not take it anymore. Today after S&P 500 crossed 1267.06, he is saying next 16 days left to make money......as they say, it is better to be late than never.....
On the other hand, IBD is still INSISTING that "market in correction".....I wonder what "technical indicators" are they following ?
John Bollinger, creator of "bollinger band", a very good technical tool, saying that we are all set for a very powerful rally......
I don't think, i should say anything about market direction ?
ECB is expected to cut interest rate, by the time we are ready for trading.
Here is my $ weighting as of tonight :
LULU 17.85%
RIMM 15.48%
PCLN 13.75%
BIDU 13.38%
M 11.29%
RVBD 10.80%
SNDK 9.10%
LVS 8.35%
Stocks which closed UP 1% or more included PCLN,
CMG,AMZN,AGU,GS,V,JKS,MS,CIEN.....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today 1244.80, high 1267.06 & closed @ 1261.01, a nice bullish trajectory.
S&P 200 DMA is 1264.00, which it should take out @ opening bell, this will be another confirmation of this bull run.
RSI @ 58.68
Internals were mixed.
Oil closed @ $100.49
Gold closed @ $1744.80
VIX closed @ 28.67
After saying sell sell sell every other day, Jimmy the Cramer finally, could not take it anymore. Today after S&P 500 crossed 1267.06, he is saying next 16 days left to make money......as they say, it is better to be late than never.....
On the other hand, IBD is still INSISTING that "market in correction".....I wonder what "technical indicators" are they following ?
John Bollinger, creator of "bollinger band", a very good technical tool, saying that we are all set for a very powerful rally......
I don't think, i should say anything about market direction ?
ECB is expected to cut interest rate, by the time we are ready for trading.
Here is my $ weighting as of tonight :
LULU 17.85%
RIMM 15.48%
PCLN 13.75%
BIDU 13.38%
M 11.29%
RVBD 10.80%
SNDK 9.10%
LVS 8.35%
Stocks which closed UP 1% or more included PCLN,
CMG,AMZN,AGU,GS,V,JKS,MS,CIEN.....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Dow UP six day's in a row.......NICE !!!!
Indices are marking time for EU summit to start, which runs until Friday.
Dow is UP again for sixth day, while Nasdaq & S&P 500 are slightly down.
Internals are mostly negative.
Oil Down 12 cents
Gold UP $8.90
Canadian $ Down 2 tick @ 99.02
VIX UP 2.17% @ 28.74
In my portfolio :
Added 35% LULU @ $44.92, LULU is my largest position now...
Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK
Exposure 223%.....
RIMM is having its Developers conference on Dec 7th & 8th in Asia.Some news may filter out later.
Most stocks are down.
@ 1.53 following are green :
PCLN,CMG,AMZN,AGU,GS,V,JKS,JCP,MS,
CIEN,ULTA,AEM,SNE......
BLOG does NOT give buy or sell.
Saleem
Dow is UP again for sixth day, while Nasdaq & S&P 500 are slightly down.
Internals are mostly negative.
Oil Down 12 cents
Gold UP $8.90
Canadian $ Down 2 tick @ 99.02
VIX UP 2.17% @ 28.74
In my portfolio :
Added 35% LULU @ $44.92, LULU is my largest position now...
Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK
Exposure 223%.....
RIMM is having its Developers conference on Dec 7th & 8th in Asia.Some news may filter out later.
Most stocks are down.
@ 1.53 following are green :
PCLN,CMG,AMZN,AGU,GS,V,JKS,JCP,MS,
CIEN,ULTA,AEM,SNE......
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 6, 2011
Indices closed mixed AGAIN......
Indices were mixed, with Dow & S&P 500 closing green, but Nasdaq continued its weakness by closing lower.
S&P 500 went to 1266.03 @ high of the day, closed @ 1258.47
RSI closed @ 58.16
Internals were mixed due to Nasdaq weakness.
VIX closed UP .72%
Oil closed UP @ $101.28
Gold closed Down @ $1731.88
In my portfolio :
Bought SNDK @ $50.54
Bought LVS @ $45.88
Bought LULU @ $46.16
Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK.....
Here is my $ weighting :
RIMM 16.21%
PCLN 14.40%
BIDU 14.01%
LULU 13.96%
M 11.83%
RVBD 11.31%
SNDK 9.58%
LVS 8.70%
Total exposure 214%......
About this market TAPE, following needs to be evaluated :
-Dow has been UP FIVE days in a row.
-Dow is STAYING above 50 DMA & 200 DMA
-Nasdaq & S&P 500 is ready to jump ABOVE both important moving averages.
-Dow RSI is 59.70 & pointing upwards
-Today was a perfect day for a "major pullback", BUT it did NOT happen ?
- Internals were positive in NYSE
-ONLY negative about this TAPE is CMF is staying RED in all indices?
As you can see that TAPE is certainly NOT showing any weakness YET, thus my exposure is near HIGHEST level ......
Green stocks were dominated by AG, Gold & Silver for the most part.
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1266.03 @ high of the day, closed @ 1258.47
RSI closed @ 58.16
Internals were mixed due to Nasdaq weakness.
VIX closed UP .72%
Oil closed UP @ $101.28
Gold closed Down @ $1731.88
In my portfolio :
Bought SNDK @ $50.54
Bought LVS @ $45.88
Bought LULU @ $46.16
Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK.....
Here is my $ weighting :
RIMM 16.21%
PCLN 14.40%
BIDU 14.01%
LULU 13.96%
M 11.83%
RVBD 11.31%
SNDK 9.58%
LVS 8.70%
Total exposure 214%......
About this market TAPE, following needs to be evaluated :
-Dow has been UP FIVE days in a row.
-Dow is STAYING above 50 DMA & 200 DMA
-Nasdaq & S&P 500 is ready to jump ABOVE both important moving averages.
-Dow RSI is 59.70 & pointing upwards
-Today was a perfect day for a "major pullback", BUT it did NOT happen ?
- Internals were positive in NYSE
-ONLY negative about this TAPE is CMF is staying RED in all indices?
As you can see that TAPE is certainly NOT showing any weakness YET, thus my exposure is near HIGHEST level ......
Green stocks were dominated by AG, Gold & Silver for the most part.
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices mixed....
Indices are mixed, with Nasdaq showing weakness.
Internals are negative.
Markets are in wait & see mode for news.
Gold Down $3.30
Oil UP 8 cents
Canadian $ UP 52 tick @ 98.85..strong because Central Bank left interest rate @ 1%
VIX Down .04% @ 27.83
In my portfolio :
Sold AUY
Added BIDU @ $131.25
Added M @ $32.76
Added RIMM @ $17.14
Portfolio is BIDU,M,PCLN,RIMM,RVBD
Here is my $ weighting :
RIMM 23.93%
PCLN 21.25%
BIDU 20.68%
M 17.46%
RVBD 16.68%
90.22% exposure
Most stocks are down
@ 2.14 following are green :
RIMM,AUY,CLF,GG,GS,AGU,MOS,FCX,
NTES,QCOM,SLW,ABX,AEM.....
BLOG does NOT give buy or sell.
Saleem
Internals are negative.
Markets are in wait & see mode for news.
Gold Down $3.30
Oil UP 8 cents
Canadian $ UP 52 tick @ 98.85..strong because Central Bank left interest rate @ 1%
VIX Down .04% @ 27.83
In my portfolio :
Sold AUY
Added BIDU @ $131.25
Added M @ $32.76
Added RIMM @ $17.14
Portfolio is BIDU,M,PCLN,RIMM,RVBD
Here is my $ weighting :
RIMM 23.93%
PCLN 21.25%
BIDU 20.68%
M 17.46%
RVBD 16.68%
90.22% exposure
Most stocks are down
@ 2.14 following are green :
RIMM,AUY,CLF,GG,GS,AGU,MOS,FCX,
NTES,QCOM,SLW,ABX,AEM.....
BLOG does NOT give buy or sell.
Saleem
Monday, December 5, 2011
Indices closed UP .65% to 1.10%......NICE !!!!
All indices made another higher highs.
S&P 500 went to 1266.73, closing @ 1257.08
RSI closing @ 57.89, during the day it came close to 60.
Internals of the market were as follows :
UP volume led by 3.62 to 1 in NYSE & 3.55 to 1 in Nasdaq
Advancing stocks led by 3.46 to 1 in NYSE & 2.30 to 1 in Nasdaq
New 52 wk highs were in the lead, 112 in NYSE & 59 in Nasdaq
VIX closed UP .51% @ 27.66
Oil closed @ $100.99
Gold closed @ $1734.50
Stocks which closed UP 1% or more included M,RIMM,RVBD,
CNQ,CLF,COH,SNDK,MGA,CMG,TCK,GS,FCX,AGU,SU,
VMW,FFIV,CRM,JCP,MS,C,ARUN......
Reason for my major sell was to lock profit.
S&P 500 has gone UP from 1158.66 to 1266.73 in a straight line, a gain of 108.07 points or 9.33% in six trading days..this sharp move UP needs rest, as its overbought.
CMF is RED in all indices......
Many of the proposals about EU meeting is well known to markets & has been the catalyst for this huge move.
Once we have gone through another base building, then this rally should resume. Any rally should be used to lighten up to lock gains or to prevent further losses.
Ironically, Jimmy the Cramer is saying sell sell sell again after his last week sell sell sell...so he is directing traders to sell who were out of this rally as per his previous sell sell sell....no wonder he calls his show "entertainment"
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1266.73, closing @ 1257.08
RSI closing @ 57.89, during the day it came close to 60.
Internals of the market were as follows :
UP volume led by 3.62 to 1 in NYSE & 3.55 to 1 in Nasdaq
Advancing stocks led by 3.46 to 1 in NYSE & 2.30 to 1 in Nasdaq
New 52 wk highs were in the lead, 112 in NYSE & 59 in Nasdaq
VIX closed UP .51% @ 27.66
Oil closed @ $100.99
Gold closed @ $1734.50
Stocks which closed UP 1% or more included M,RIMM,RVBD,
CNQ,CLF,COH,SNDK,MGA,CMG,TCK,GS,FCX,AGU,SU,
VMW,FFIV,CRM,JCP,MS,C,ARUN......
Reason for my major sell was to lock profit.
S&P 500 has gone UP from 1158.66 to 1266.73 in a straight line, a gain of 108.07 points or 9.33% in six trading days..this sharp move UP needs rest, as its overbought.
CMF is RED in all indices......
Many of the proposals about EU meeting is well known to markets & has been the catalyst for this huge move.
Once we have gone through another base building, then this rally should resume. Any rally should be used to lighten up to lock gains or to prevent further losses.
Ironically, Jimmy the Cramer is saying sell sell sell again after his last week sell sell sell...so he is directing traders to sell who were out of this rally as per his previous sell sell sell....no wonder he calls his show "entertainment"
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Higher highs in all indices......NICE !!!!
All indices went to higher highs, for two days we have gone to higher highs which is a good technical sign.
Internals are strong all over, including new 52 wk highs.
Oil UP 93 cents
Gold Down $14.30
Canadian $ UP 42 tick @ 98.52
VIX UP .18% @ 27.57 ?????
In my portfolio :
Sold CNQ,CLF,COH,LVS,LULU,SNDK
Portfolio is BIDU,M,PCLN,RIMM,RVBD,AUY
88% exposure currently, from 220%
Most stocks are UP
@ 2.00 following are down :
AUY,LULU,LVS,GG,APKT,WYNN,
MA,V,ULTA,BWLD,SLW,ABX,IBN...
BLOG does NOT give buy or sell.
Saleem
Internals are strong all over, including new 52 wk highs.
Oil UP 93 cents
Gold Down $14.30
Canadian $ UP 42 tick @ 98.52
VIX UP .18% @ 27.57 ?????
In my portfolio :
Sold CNQ,CLF,COH,LVS,LULU,SNDK
Portfolio is BIDU,M,PCLN,RIMM,RVBD,AUY
88% exposure currently, from 220%
Most stocks are UP
@ 2.00 following are down :
AUY,LULU,LVS,GG,APKT,WYNN,
MA,V,ULTA,BWLD,SLW,ABX,IBN...
BLOG does NOT give buy or sell.
Saleem
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