Indices took a rest today waiting for Job creation data @ 830 AM.
Nasdaq closed UP, while Dow & S&P 500 were slightly lower.
Internals were mostly negative.
VIX continue to drift lower, now @ 27.41.
Jobs expectations are overall 125,000 new jobs, while private sector prediction is 150,000 job creation.....these numbers looks lofty but we may come pretty close.....which will be a big relief to the markets.
AH ER ULTA Down .57%, AH low $65.33, AH high $69.78, last trade @ $68.10. AH volume 332,719.
LULU TAPE was very interesting today, published numbers were weak, but @ conference call everything was explained & remained bullish for Q4 & 2012. LULU low today was $41.70, closing @ $47.17 a jump of $5.47 during the day. Volume was 28.9 million shares, almost 7 times average .
CMF in LULU jumped to positive 0.236 which is highest since Sep 2011 highs.......nice technical action.
Here is my portfolio ranking based on closing value, which is different from $ allocation:
LULU 14.28%
PCLN 13.85%
AUY 13.66%
RVBD 10.25%
BIDU 8.90%
CLF 8.49%
SNDK 7.07%
M 6.99%
COH 5.92%
LVS 5.30%
CNQ 5.29%
PS..although my $ allocation is highest in PCLN, but its performance has made it #2, while LULU which had lower $ allocation than PCLN, but has moved ahead with today's close.
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
29 comments:
GOOD morning too you Saleem
Good morning to all bloggers
I liked the CMF on LULU---amazing action--I seldom look at CMF --I will now.....
APPLE was upgraded--looking for more upside today
BIDU is making me smile as is SNDK, it is awesome too!!
thanks for all you do!
Hi C,
Good morning to everyone !!!
Thanks for your appreciative note.
CMF is a very important "trendline indicator"..it tells you IF money is going out or coming in in any stock & its RELATIVITY to past.
Good luck in your portfolio.
Saleem
Hey Saleem,
The ULTA CC was great. I think the guidance is still conservative, and management continues to impress me with their strategy--I wouldn't change anything about what they're doing, which makes this a comfortable investment for me...although I'll probably lighten up today to raise cash for other stocks!
Looks like a nice day again :)
Stocktrader
Hi Stocktrader,
This is a very strong market.
Nedd to keep many strong stocks which are moving UP more % wise.
Good luck with your refocus.
Saleem
S
Is it time to sell AUY
Seems to have lost its steam
thanks
Hey Saleem,
I sold my RIG and am looking at the fertilizer stocks. Do you know why they might be down today?
Stocktrader
Stock trader
I have looked at t the boards and find no reason for sell off of AGs
They have moved up a lot since their lows
II own POT bought at $48.60
It has to move up a lot got me to be happy
Hi C,
NO..it is not time to sell AUY.....it is in "breakout" mode @ $17.08 with a target of $18.12.
This is a "bull market"...dont have itch to hit sell button.....
ITS GOOD TO BE GREEDY !!!!
Saleem
Hi Stocktrader,
AG stocks have been "dog of this rally"
Reasons are many ...lower potash prices..lower grain prices..to name two....
Saleem
Hey Saleem,
I think APKT is going up because of this spectrum sell to VZ, but I'm not smart enough to know the ramifications for sure. Do you have any insight on this?
Thanks! :)
Stocktrader
Hi Stocktrader,
I am not following APKT lately.
Your analysis is more up-todate.
Saleem
Hey Saleem,
Ended up buying AGU at $69.18 avg. I still want to find a way into COH and RVBD at some point next week and that might come when I take profits on ULTA.
Stocktrader
Hi Stocktrader,
ULTA is UP 6%+...very nice.
Added RIMM to my "exciting dozen stocks"
Saleem
Hey Saleem,
You have done well on RIMM in the past. May this time be highly profitable as well! That stock is way too hard for me.
Stocktrader
Hi Stocktrader,
In the past RIMM made me the-most money.....
Lately, i have kept my losses in RIMM to minimum.....
Hopefully, 4th time may be lucky $$$$
Saleem
Saleem,
I just joined the RIMM club at 16.95. This is value play. I think it is safe at this range. Thanks.
Michael
Hi Michael,
RIMM @ current prices, could be the-best stock going forward.
Good luck with RIMM.
Saleem
Saleemm
Bcarefull on RIMM
It is not a Cramer fav
Good luck to all buyers
I love APPLE here
H
Hi C,
I personally do not care what Jimmy the Cramer has to say about anything......he is the-best contrary indicator.
Saleem
Hey Saleem,
Do you think RIMM could experience that end-of-year pressure to not be in this year's poor performers?
Stocktrader
P.S.
Hey c,
Cramer seems to be more wrong than right recently.
Hi Stocktrader,
IF you look @ volume of today, which is currently @ 44 million shares reflects year end & panic selling....RIMM provided many opportunities for traders to get out with many negative news.
RIMM is flushed out IMHO.
Saleem
Saleem,
I did not mean to offend any one
RIMM seems to be well positioned here and may take off
I amy buy some
C
SALEEM
ANy thoughts as to why AUY is down today
It was $17 at the open.
Would it be prudent to get more AUY at this price
GOLD is up $10 dollars today
OR look at another stock?/
thanks
Hi C,
AUY is down because entire gold sector is down......every so often Gold stocks go against Gold Bullion.
Buying depends on your comfort level, you wanted to sell today...that tells me you are not sure about AUY.
Saleem
Hey Saleem,
I know I've mentioned this before, but I really like WWWW for a high-beta small-business recovery in the US, which I believe we are starting to see traction on. It remains my largest core position (due to appreciation from the Oct buys, and because ULTA is 50% too big from that extra half I bought).
I don't like to "pump" stocks I own, but I really feel like this is a unique opportunity with an undiscovered, undervalued company. At the very least, maybe you'll look at it when you have time and tell me if I'm missing a roadblock in the story?
Thanks in advance for any input! :)
Stocktrader
Hi Stocktrader,
I have analyzed chart of WWWWW several times, it has a tendecy to swing between $9 & $11.......
Once it breaks $11 resistance..it has a very good chance of going towards $15 area.
My verdict...WWWW has good long term appreciation potential.
Saleem
SALEEM
thanks for input on AUY
I got some more at $16.25
My conviction came back
C
Hey Saleem,
Finally dumped the FRO at close. The oily tanker rates have weakened a lot since the earnings so one of my reasons for staying in is now gone. I also fear year-end tax selling/lack of buying and a potential "wait for the news" on the capital raise.
Since it was basically cut in half since I purchased it, I only have a half-position to reallocate to a better stock...oh well, you can't win 'em all.
Stocktrader
Hi Stocktrader,
I am glad that you are looking forward to re-allocating funds from FRO to a better stock.
Good luck with your selection.
Saleem
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