Indices were UP, then Down & finally closing mixed.
Nasdaq was the sole winner today.
S&P 500 has a much talked about "golden cross" @ close today.
Internals were positive as listed :
UP volume led by 1.06 to 1 in NYSE & 1.09 to 1 in Nasdaq
Advancing stocks led by 1.41 to 1 in NYSE & 1.14 to 1 in Nasdaq
New 52 wk highs were in the lead, 191 in NYSE & 72 in Nasdaq
Oil closed @ $98.48
Gold closed @ $1740.40
VIX closed @ 19.44
AH ER :
BRCM UP 1.89%
STX UP 5.72%
AMZN Down 8.76%
JDAS Down 9.74%
AMZN traded 4.35 million share AH, AMZN history has been hitting Top line but missing bottom line by a mile. Today AMZN has a miss on Top line but a beat by 124% in bottom line. I am more comfortable with higher bottom line.
AMZN was given no mention or credit for a huge beat in EPS, I have a feeling that by close on Wednesday we should find support.
CNBC genius were comparing AMZN with WMT, i dont know about you, but i have never seen AMZN in brick & mortar format.Maybe WMT is in cloud storage business also?
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 31, 2012
AMZN Q4 & Q1 summary......
AMZN reported Q4 & guidance for Q1 as given below :
Sales consensus $18.3 billion , EPS expectation 17 cents
Sales Actual $17.4 Billion, EPS 38 cents or profit of $177 Million
Q1 consensus Sales $13.4 Billion, EPS 35 cents
Q1 guidance Sales $12 billion to $13.4 Billion, EPS <$200 Million> to profit of $100 Million
Conference call was conducted with confidence & focus on growth ahead. Guidance was dubbed "conservative" by CFO.....
I am thinking of keeping AMZN for now, based on cc Q & A.
AMZN trading AH @ $178 Down $16.44 or 8.46%
BLOG does NOT give buy or sell.
Saleem
Sales consensus $18.3 billion , EPS expectation 17 cents
Sales Actual $17.4 Billion, EPS 38 cents or profit of $177 Million
Q1 consensus Sales $13.4 Billion, EPS 35 cents
Q1 guidance Sales $12 billion to $13.4 Billion, EPS <$200 Million> to profit of $100 Million
Conference call was conducted with confidence & focus on growth ahead. Guidance was dubbed "conservative" by CFO.....
I am thinking of keeping AMZN for now, based on cc Q & A.
AMZN trading AH @ $178 Down $16.44 or 8.46%
BLOG does NOT give buy or sell.
Saleem
Indices off their lows, on 4th day of selling.......
Indices opened higher on European optimism, then turned south on weaker home prices & consumer sentiment being lower than expectations.
S&P 500 low today was 1306.69, that makes it a "higher low".
RSI @ 60.90, had dipped below 60 earlier....
Oil UP 7 cents
Gold UP $1.60
Canadian $ Down 3 tick @ 99.77, CAD was higher than US$ earlier but negative Canadian GDP data pulled it lower.....
In my portfolio :
Sold OTEX
Doubled my position in AMZN @ $191.67
Portfolio is AMZN,RIMM,RVBD
AMZN reports AH, traders & analysts are divided as to Q4 result.Some are guessing 5 cents EPS while consensus is 17 cents on Sales of $18.20 billion, Q1 is a real wild card, expectations are, Sales of $13.36 billion & EPS of 35 cents.......stay tuned.......
Most stocks are UP
@ 1.50 following are down :
RIMM,OTEX,CNQ,CMG,LVS,LULU,MGA,
AGU,MOS,JCP,M,SNDK,FIO,GG,FFIV,
BIDU,CRM,GOOG,APKT,TSL,CRUS,
ARUN,SBUX,AEM,NYX,NDAQ,TCK...
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today was 1306.69, that makes it a "higher low".
RSI @ 60.90, had dipped below 60 earlier....
Oil UP 7 cents
Gold UP $1.60
Canadian $ Down 3 tick @ 99.77, CAD was higher than US$ earlier but negative Canadian GDP data pulled it lower.....
In my portfolio :
Sold OTEX
Doubled my position in AMZN @ $191.67
Portfolio is AMZN,RIMM,RVBD
AMZN reports AH, traders & analysts are divided as to Q4 result.Some are guessing 5 cents EPS while consensus is 17 cents on Sales of $18.20 billion, Q1 is a real wild card, expectations are, Sales of $13.36 billion & EPS of 35 cents.......stay tuned.......
Most stocks are UP
@ 1.50 following are down :
RIMM,OTEX,CNQ,CMG,LVS,LULU,MGA,
AGU,MOS,JCP,M,SNDK,FIO,GG,FFIV,
BIDU,CRM,GOOG,APKT,TSL,CRUS,
ARUN,SBUX,AEM,NYX,NDAQ,TCK...
BLOG does NOT give buy or sell.
Saleem
Monday, January 30, 2012
Impressive close today.......NICE !!!!
Indices fought their way back to almost breakeven. Indices were down .05% to .25%.
Internals were :
Down volume led by 2.46 to 1 in NYSE & 1.48 to 1 in Nasdaq
Declining stocks led by 1.70 to 1 in NYSE & 1.98 to 1 in Nasdaq
52 wk highs held the lead, 148 in NYSE & 52 in Nasdaq
VIX closed UP 4.70% @ 19.40
Oil closed @ $98.78
Gold closed @ $1734.40
About market, it seems that 1300 in S&P 500 was short term support. Selling was mild & went for 3 day's only. We are all set to move higher to test resistance which is @ 1350 area. S&P 500 should have "golden cross" @ open as we are only .92 away. 200 DMA @ 1257.20 & 50 DMA @ 1256.28.
S&P 500 closed @ 1313.01...RSI @ 62.91.......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals were :
Down volume led by 2.46 to 1 in NYSE & 1.48 to 1 in Nasdaq
Declining stocks led by 1.70 to 1 in NYSE & 1.98 to 1 in Nasdaq
52 wk highs held the lead, 148 in NYSE & 52 in Nasdaq
VIX closed UP 4.70% @ 19.40
Oil closed @ $98.78
Gold closed @ $1734.40
About market, it seems that 1300 in S&P 500 was short term support. Selling was mild & went for 3 day's only. We are all set to move higher to test resistance which is @ 1350 area. S&P 500 should have "golden cross" @ open as we are only .92 away. 200 DMA @ 1257.20 & 50 DMA @ 1256.28.
S&P 500 closed @ 1313.01...RSI @ 62.91.......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices coming back after morning selling.......
Indices are fighting back after morning selling due to overbought conditions.
S&P 500 went to 1300.49 @ its low, lowest point in 3 days of selling. This was a pullback of 32.98 points or 2.47%......
Internals are negative by minimum 2 to 1
Oil Down 68 cents
Gold Down $2.00
Canadian $ Down 11 tick @ 99.62
VIX UP 5.23% @ 19.50
Portfolio is AMZN,OTEX,RIMM,RVBD....
Most stocks are down
@ 2.00 following are UP :
RIMM,AAPL,COH,M.JCP,CMG,
FFIV,QCOM,BIDU,MA,RENN,
TSL,MU,CRUS,SBUX,FNSR,
KOG...
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to 1300.49 @ its low, lowest point in 3 days of selling. This was a pullback of 32.98 points or 2.47%......
Internals are negative by minimum 2 to 1
Oil Down 68 cents
Gold Down $2.00
Canadian $ Down 11 tick @ 99.62
VIX UP 5.23% @ 19.50
Portfolio is AMZN,OTEX,RIMM,RVBD....
Most stocks are down
@ 2.00 following are UP :
RIMM,AAPL,COH,M.JCP,CMG,
FFIV,QCOM,BIDU,MA,RENN,
TSL,MU,CRUS,SBUX,FNSR,
KOG...
BLOG does NOT give buy or sell.
Saleem
Sunday, January 29, 2012
Monitor risk / reward of your portfolio ?
Here we are getting ready to say goodbye to a very profitable January.
We MAY have another two good day's left in this runup?
We are approaching end of the month, which is generally bullish due to window dressing.
Short term upside target remains in 1350 area......
Short term support is around 1280 area.
Market has shown appreciation, due to many improvement on many front:
-Improvement in US economy is noted due to strong Q4.
-Europe is dealing with many issues
-Contrary to many "loud predictions" by many, including "all knowing Roubini", US did NOT slide into recession?
BUT many of the above may be in the market prices.
How you deal with current Risk / Reward ratio is up to you.
Luck CAN play a role sometimes, BUT that is not my trading thesis.
As you all recall that i was exposed @ 230% in December 2011, currently 96%.
I have taken out 63% of my equity from the market starting Dec 30th.
I do this to deal with my analysis of Risk / Reward ratio.
I do not expect February to be as rewarding on the long side.
As i generally do not get into "short" position, i just reduce my exposure.
I do not mind being wrong for few day's, but i would rather be safe for weaker months.
In a bull market, indices are strongest in January, April,July & October......i intend to follow this historical trend......
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
We MAY have another two good day's left in this runup?
We are approaching end of the month, which is generally bullish due to window dressing.
Short term upside target remains in 1350 area......
Short term support is around 1280 area.
Market has shown appreciation, due to many improvement on many front:
-Improvement in US economy is noted due to strong Q4.
-Europe is dealing with many issues
-Contrary to many "loud predictions" by many, including "all knowing Roubini", US did NOT slide into recession?
BUT many of the above may be in the market prices.
How you deal with current Risk / Reward ratio is up to you.
Luck CAN play a role sometimes, BUT that is not my trading thesis.
As you all recall that i was exposed @ 230% in December 2011, currently 96%.
I have taken out 63% of my equity from the market starting Dec 30th.
I do this to deal with my analysis of Risk / Reward ratio.
I do not expect February to be as rewarding on the long side.
As i generally do not get into "short" position, i just reduce my exposure.
I do not mind being wrong for few day's, but i would rather be safe for weaker months.
In a bull market, indices are strongest in January, April,July & October......i intend to follow this historical trend......
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
Friday, January 27, 2012
Dow & S&P 500 closed lower again, Nasdaq shines........
Indices were mixed today, with Dow showing weakness & S&P 500 also in red.
Nasdaq closed green & many leaders were green......
S&P 500 closed @ 1316.32, low being 1311.72
RSI 65.11, CMF 0.430
RSI in Nasdaq 71.24 & in Dow 62.43
RSI variance in indices can be a concern, either strongest will pull rest UP or the weakest generally pulls strong down?
Internals were positive.
In my portfolio :
Bought AMZN @ $193.01
Portfolio is AMZN,OTEX,RIMM, RVBD
Here is % weighting of my portfolio as of tonight :
RIMM 34.09%
OTEX 27.53%
RVBD 22.51%
AMZN 15.87%
Exposure 96%......
RVBD was kept in the portfolio, as i felt selling was unjustified, as company is backing consensus year end projections for 2012. Looks like Q1 is weaker but Q2 should make up most of the difference.
RVBD opened @ $23.95 went down to $22.93, closed @ $24.45. 50 DMA is $25.92. Volume was 5 times average @ almost 31 million. RVBD closed Down 17.15%. It impacted my portfolio which ended the day down 3.49%...not bad factoring RVBD.
RIMM was UP 3.2% today, on confirmation of my theory that the new independent Director Prem Watsa has increased his stake in RIMM from 2.25% to 5.12%......he is the 2nd largest shareholder after a mutual fund Primecap Management which holds 5.54%. Jim Balsillie holds 5.09% & Mike Lazaridis holds 5.05%......Prem stake in RIMM stands @ $450 million..no chump change. Prem was buying when Jimmy the Cramer was telling whole world, RIMM is no good around $14.50????
About market, Dow has golden cross, S&P 500 is ready to make a golden cross while Nasdaq will be the last to do it. Nasdaq strength today is very encouraging.
Stocks which were UP 1% or more included ,AMZN,RIMM,
GOOG,LVS,AGU,MOS,LULU,M,JCP,BIDU,AUY,GG,
NTES,APKT,TSL,MS,C,ARUN.....
Please note, that i keep changing stocks which i monitor, any
omission is not by design.
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Nasdaq closed green & many leaders were green......
S&P 500 closed @ 1316.32, low being 1311.72
RSI 65.11, CMF 0.430
RSI in Nasdaq 71.24 & in Dow 62.43
RSI variance in indices can be a concern, either strongest will pull rest UP or the weakest generally pulls strong down?
Internals were positive.
In my portfolio :
Bought AMZN @ $193.01
Portfolio is AMZN,OTEX,RIMM, RVBD
Here is % weighting of my portfolio as of tonight :
RIMM 34.09%
OTEX 27.53%
RVBD 22.51%
AMZN 15.87%
Exposure 96%......
RVBD was kept in the portfolio, as i felt selling was unjustified, as company is backing consensus year end projections for 2012. Looks like Q1 is weaker but Q2 should make up most of the difference.
RVBD opened @ $23.95 went down to $22.93, closed @ $24.45. 50 DMA is $25.92. Volume was 5 times average @ almost 31 million. RVBD closed Down 17.15%. It impacted my portfolio which ended the day down 3.49%...not bad factoring RVBD.
RIMM was UP 3.2% today, on confirmation of my theory that the new independent Director Prem Watsa has increased his stake in RIMM from 2.25% to 5.12%......he is the 2nd largest shareholder after a mutual fund Primecap Management which holds 5.54%. Jim Balsillie holds 5.09% & Mike Lazaridis holds 5.05%......Prem stake in RIMM stands @ $450 million..no chump change. Prem was buying when Jimmy the Cramer was telling whole world, RIMM is no good around $14.50????
About market, Dow has golden cross, S&P 500 is ready to make a golden cross while Nasdaq will be the last to do it. Nasdaq strength today is very encouraging.
Stocks which were UP 1% or more included ,AMZN,RIMM,
GOOG,LVS,AGU,MOS,LULU,M,JCP,BIDU,AUY,GG,
NTES,APKT,TSL,MS,C,ARUN.....
Please note, that i keep changing stocks which i monitor, any
omission is not by design.
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 26, 2012
Nagative close in all indices......
Indices were looking toppy today, by close weakness was obvious to everyone. Volume was higher today.
S&P 500 high today was 1333.47, closed @ 1318.45.
Low today was 1313.60.
Technically, today MAY have established a short term TOP.
On a positive note, we did not closed near low of the day.
RSI closed @ 66.49
CMF @ 0.407, giving a picture that money MAY be coming out.
Internals were :
Down volume led by 1.93 to 1 in NYSE & 2.00 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & 1.26 to 1 in Nasdaq
New 52 wk highs were in the lead, 225 in NYSE & 90 in Nasdaq
Oil closed @ $99.70
Gold closed @ $1726.70
Stocks which were UP 1% or more included OTEX,RVBD,AMZN,
GG,MPEL,TSL,JCP,CIEN......
AH ER / News :
SBUX Down 2.13%
CLF Down 2.90%
JNPR Down 8.09%
RVBD Down 13.77%
KLAC UP 3.74%
ELX UP 5.93%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About markets direction, easy money has been made. It will take lot of skill to make money going forward. February may not be too kind to us. Try to work with less exposure. Once we had 5% pullback then increase exposure. In case you are keeping track, we had a pullback of 1.49% today, factoring high to low of the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 high today was 1333.47, closed @ 1318.45.
Low today was 1313.60.
Technically, today MAY have established a short term TOP.
On a positive note, we did not closed near low of the day.
RSI closed @ 66.49
CMF @ 0.407, giving a picture that money MAY be coming out.
Internals were :
Down volume led by 1.93 to 1 in NYSE & 2.00 in Nasdaq
Declining stocks led by 1.03 to 1 in NYSE & 1.26 to 1 in Nasdaq
New 52 wk highs were in the lead, 225 in NYSE & 90 in Nasdaq
Oil closed @ $99.70
Gold closed @ $1726.70
Stocks which were UP 1% or more included OTEX,RVBD,AMZN,
GG,MPEL,TSL,JCP,CIEN......
AH ER / News :
SBUX Down 2.13%
CLF Down 2.90%
JNPR Down 8.09%
RVBD Down 13.77%
KLAC UP 3.74%
ELX UP 5.93%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About markets direction, easy money has been made. It will take lot of skill to make money going forward. February may not be too kind to us. Try to work with less exposure. Once we had 5% pullback then increase exposure. In case you are keeping track, we had a pullback of 1.49% today, factoring high to low of the day.
BLOG does NOT give buy or sell.
Saleem
RVBD beats in Sales & EPS, but guiding down in Q1...Stock drops sharply..
RVBD Q4 came in ahead of analysts consensus as listed :
Sales consensus $201 million, Actual $203 million a beat by $2 million or +9.95%
EPS consensus 24 cents, Actual 25 cents a beat by 1 cent or +4.17%
Guiding Sales & EPS below consensus for Q1..citing lag sue to new product introduction..EPS guidance is 19 cents to 20 cents vs expectations of 25 cents.....
Sales guidance $183 to $187 million vs expectation of $197.1 million
Analysts grilled management on larger than seasonal drop which has been 5% to 6% vs current guidance of down 10% to 11%....
Stock trading @ $26 drop of $3.92 or 13.1%
I have no choice but to sell RVBD.
BLOG does NOT give buy or sell.
Saleem
Sales consensus $201 million, Actual $203 million a beat by $2 million or +9.95%
EPS consensus 24 cents, Actual 25 cents a beat by 1 cent or +4.17%
Guiding Sales & EPS below consensus for Q1..citing lag sue to new product introduction..EPS guidance is 19 cents to 20 cents vs expectations of 25 cents.....
Sales guidance $183 to $187 million vs expectation of $197.1 million
Analysts grilled management on larger than seasonal drop which has been 5% to 6% vs current guidance of down 10% to 11%....
Stock trading @ $26 drop of $3.92 or 13.1%
I have no choice but to sell RVBD.
BLOG does NOT give buy or sell.
Saleem
Bought RVBD & OTEX.....
Bought RVBD @ $29.36
Bought OTEX @ $52.96
RVBD reports tonight, expecting a beat & guide UP.
Portfolio is RIMM, OTEX & RVBD
81% exposure....
BLOG does NOT give buy or sell.
Saleem
Bought OTEX @ $52.96
RVBD reports tonight, expecting a beat & guide UP.
Portfolio is RIMM, OTEX & RVBD
81% exposure....
BLOG does NOT give buy or sell.
Saleem
Dow fighting selling pressure, S&P 500 & Nasdaq fell on profit taking.....
Indices are reacting to overbought condition, all indices are giving up gains & heading south.
S&P 500 high today was 1333.47, this became a resistance point.
RSI has come down to 67.53
Internals are negative mostly.
Oil UP $1.26
Gold UP $26.20
Canadian $ UP 47 tick, 1 tick above US$
VIX UP 2.62% @ 18.79
In my portfolio :
Sold AMZN,CLF,RVBD
Portfolio RIMM
Exposure 30.98%
Most stocks are down
@ 2.06 following are UP :
RIMM,AMZN,RVBD,GOOG,CMG,TCK,FCX,OCZ,
AUY,GG,MPEL,MA,JCP,CIEN,FNSR,C,VMW,
OTEX,EGO,ABX,AEM,KGC,V,GS......
BLOG does NOT give buy or sell.
Saleem
S&P 500 high today was 1333.47, this became a resistance point.
RSI has come down to 67.53
Internals are negative mostly.
Oil UP $1.26
Gold UP $26.20
Canadian $ UP 47 tick, 1 tick above US$
VIX UP 2.62% @ 18.79
In my portfolio :
Sold AMZN,CLF,RVBD
Portfolio RIMM
Exposure 30.98%
Most stocks are down
@ 2.06 following are UP :
RIMM,AMZN,RVBD,GOOG,CMG,TCK,FCX,OCZ,
AUY,GG,MPEL,MA,JCP,CIEN,FNSR,C,VMW,
OTEX,EGO,ABX,AEM,KGC,V,GS......
BLOG does NOT give buy or sell.
Saleem
SOLD AMZN,RVBD & CLF.......based on RSI....
Sold AMZN, RVBD,& CLF......
Left with RIMM..which i could have sold also.....
Market grossly overbought...
BLOG does NOT give buy or sell.
Saleem
Left with RIMM..which i could have sold also.....
Market grossly overbought...
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 25, 2012
Indices closed UP .64% to 1.14%.......NICE !!!!!
Indices are making higher highs & higher close, which is a good thing, technically speaking.
RSI are ranging from 69.26 to 73.52.....highest being Nasdaq & lowest being Dow.
Internals were :
UP volume led by 3.63 to 1 in NYSE & 2.06 to 1 in Nasdaq
Advancing stocks led by 3.17 to 1 in NYSE & 1.86 to 1 in Nasdaq
New 52 wk highs were in the lead, 136 in NYSE & 89 in Nasdaq
CMF in S&P @ 0.454
VIX closed @ 18.31
Oil closed @ $99.40
Gold closed @ $1700.10
Stocks which closed UP 3% or more included CLF,RIMM,RVBD,
LVS,AAPL,FCX,AUY,GG,SLW,BWLD,BZH.......
AH ER :
SNDK Down 8.49%
LRCX Down 2.39%
LSI UP 7.77%
NFLX UP 15.73%
AH Futures Down
AH Asian Markets mostly UP
AH Oil & Gold UP
About market, TAPE certainly is more stable & healthier. BUT it IS important to keep an eye on RSI of stocks & markets. I am planning to make switches from High RSI into low RSI stocks. It is important to do that to have a favourable risk / reward ratio. Stocks which have high RSI tend to mark time then go higher.Currently some stocks are being sold off on a daily basis, thus they become a candidate for switch.
BLOG does NOT give buy or sell.
Saleem
RSI are ranging from 69.26 to 73.52.....highest being Nasdaq & lowest being Dow.
Internals were :
UP volume led by 3.63 to 1 in NYSE & 2.06 to 1 in Nasdaq
Advancing stocks led by 3.17 to 1 in NYSE & 1.86 to 1 in Nasdaq
New 52 wk highs were in the lead, 136 in NYSE & 89 in Nasdaq
CMF in S&P @ 0.454
VIX closed @ 18.31
Oil closed @ $99.40
Gold closed @ $1700.10
Stocks which closed UP 3% or more included CLF,RIMM,RVBD,
LVS,AAPL,FCX,AUY,GG,SLW,BWLD,BZH.......
AH ER :
SNDK Down 8.49%
LRCX Down 2.39%
LSI UP 7.77%
NFLX UP 15.73%
AH Futures Down
AH Asian Markets mostly UP
AH Oil & Gold UP
About market, TAPE certainly is more stable & healthier. BUT it IS important to keep an eye on RSI of stocks & markets. I am planning to make switches from High RSI into low RSI stocks. It is important to do that to have a favourable risk / reward ratio. Stocks which have high RSI tend to mark time then go higher.Currently some stocks are being sold off on a daily basis, thus they become a candidate for switch.
BLOG does NOT give buy or sell.
Saleem
All Indices UP......NICE !!!!!
Indices were under the influence of Europe @ open, S&P / Dow were red while Nasdaq was barely green @ its low.
BUT..Fed made a promise it intends to keep, lowest interest rates till end of 2014.....stocks liked that & we are UP nicely in all index.
S&P 500 high so far is $1324.56
Internals are positive.
Oil UP 81 cents
Gold UP $37
Canadian $ UP 41 tick @ 99.47
VIX Down 2.96% @ 18.35
Portfolio is AMZN,CLF,RIMM,RVBD
Most stocks are UP
@ 2.15 following are down :
AMZN,CNQ,MGA,FIO,GOOG,M,
NTES,VMW,FFIV,V,TSL,JCP,MS
APKT,MU,VECO,CIEN,ARUN,
GS,IBN.....
BLOG does NOT give buy or sell.
Saleem
BUT..Fed made a promise it intends to keep, lowest interest rates till end of 2014.....stocks liked that & we are UP nicely in all index.
S&P 500 high so far is $1324.56
Internals are positive.
Oil UP 81 cents
Gold UP $37
Canadian $ UP 41 tick @ 99.47
VIX Down 2.96% @ 18.35
Portfolio is AMZN,CLF,RIMM,RVBD
Most stocks are UP
@ 2.15 following are down :
AMZN,CNQ,MGA,FIO,GOOG,M,
NTES,VMW,FFIV,V,TSL,JCP,MS
APKT,MU,VECO,CIEN,ARUN,
GS,IBN.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 24, 2012
Mixed close.....
Indices closed mixed, with Nasdaq in green.
S&P 500 closed @ 1314.65.
RSI 68.19
CMF 0.450
Internals were positive
New 52 wk highs were in the lead, 79 in NYSE & 51 in Nasdaq
VIX closed UP 1.29% @ 18.91
Oil closed down @ $98.95
Gold closed down @ $1664.50
Stocks which closed UP 1% or more included CLF,RVBD,
COH,MGA,WYNN,WPRT,VMW,PCLN,FIO,FFIV,CRM,
BWLD,APKT,MA,V,BRCM,MU,AMCC,JDSU,CIEN,BZH,
FNSR,ARUN.....
AH ER :
YHOO Down .89%
AMD Down 2.91%
FIO Down 13.41%
AAPL UP 7.32%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
Jimmy the Cramer went "bullish today", telling his loyal followers NOT to worry about Europe?
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1314.65.
RSI 68.19
CMF 0.450
Internals were positive
New 52 wk highs were in the lead, 79 in NYSE & 51 in Nasdaq
VIX closed UP 1.29% @ 18.91
Oil closed down @ $98.95
Gold closed down @ $1664.50
Stocks which closed UP 1% or more included CLF,RVBD,
COH,MGA,WYNN,WPRT,VMW,PCLN,FIO,FFIV,CRM,
BWLD,APKT,MA,V,BRCM,MU,AMCC,JDSU,CIEN,BZH,
FNSR,ARUN.....
AH ER :
YHOO Down .89%
AMD Down 2.91%
FIO Down 13.41%
AAPL UP 7.32%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
Jimmy the Cramer went "bullish today", telling his loyal followers NOT to worry about Europe?
BLOG does NOT give buy or sell.
Saleem
Indices slightly lower......
Indices are down from.03% to .38%, not bad considering how far we have come.
S&P 500 low today is 1306.06, which is lower low compared to last two days.
Internals are positive.
RSI 67.52
Oil down 71 cents
Gold down $12.70
Canadian $ down 12 tick @ 99.03
VIX UP 3.11% @ 19.25
Portfolio is AMZN,CLF,RIMM,RVBD
Most stocks are UP
@ 3.00 following are RED :
RIMM, AAPL,GOOG,CNQ,CMG,SCCO,TCK,LULU,
AGU,SNDK,AUY,GG,SLW,SU,BIDU,JCP,TLM,MS,
VECO,OTEX,EGO,ABX,AEM,KOG,SNE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 low today is 1306.06, which is lower low compared to last two days.
Internals are positive.
RSI 67.52
Oil down 71 cents
Gold down $12.70
Canadian $ down 12 tick @ 99.03
VIX UP 3.11% @ 19.25
Portfolio is AMZN,CLF,RIMM,RVBD
Most stocks are UP
@ 3.00 following are RED :
RIMM, AAPL,GOOG,CNQ,CMG,SCCO,TCK,LULU,
AGU,SNDK,AUY,GG,SLW,SU,BIDU,JCP,TLM,MS,
VECO,OTEX,EGO,ABX,AEM,KOG,SNE.
BLOG does NOT give buy or sell.
Saleem
Monday, January 23, 2012
S&P 500 closed UP today......NICE !!!!!
Indices were struggling today due to overbought condition.
S&P 500 closed @ its highest point today in this UP move.
Internals were positive in NYSE, Nasdaq was negative
52 WK highs were in the lead 133 in NYSE & 50 in Nasdaq
RSI @ 69.09
CMF 0.452..started to tilt south....
Oil closed @ $99.58
Gold closed @ $1678.30
VIX closed UP 2.13% @ 18.67
Stocks which were UP 3% or more included CNQ,
LVS,LULU,SLW,TLM.....
In my portfolio :
Sold CNQ
Bought RIMM twice, last set @ $15.61, total addition today was 127%.
Portfolio is AMZN,CLF,RIMM,RVBD
Portfolio weighting is :
RIMM 36.01%
AMZN 30.64%
RVBD 17.51%
CLF 15.84%
Exposure 85%......
Sentiment in RIMM is @ the lowest level tonight, everybody is extremely critical or negative about everything RIMM is doing or not doing.....that gives me more confidence that "MOST of the bad news is priced IN"
AH ER :
TXN UP 3.56%
VMW UP 4.99%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About markets, most pundits are on the bandwagon that S&P 500 is overbought, that may be BUT, we can use RSI to buy stocks or stay in market with your portfolio. I check RSI for all my buy & sell decision. I also use RSI to monitor my portfolio. As long as i have stocks which is NOT high 60, i feel comfortable. BUT ..you have to monitor your OWN comfort level based on NOISE.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ its highest point today in this UP move.
Internals were positive in NYSE, Nasdaq was negative
52 WK highs were in the lead 133 in NYSE & 50 in Nasdaq
RSI @ 69.09
CMF 0.452..started to tilt south....
Oil closed @ $99.58
Gold closed @ $1678.30
VIX closed UP 2.13% @ 18.67
Stocks which were UP 3% or more included CNQ,
LVS,LULU,SLW,TLM.....
In my portfolio :
Sold CNQ
Bought RIMM twice, last set @ $15.61, total addition today was 127%.
Portfolio is AMZN,CLF,RIMM,RVBD
Portfolio weighting is :
RIMM 36.01%
AMZN 30.64%
RVBD 17.51%
CLF 15.84%
Exposure 85%......
Sentiment in RIMM is @ the lowest level tonight, everybody is extremely critical or negative about everything RIMM is doing or not doing.....that gives me more confidence that "MOST of the bad news is priced IN"
AH ER :
TXN UP 3.56%
VMW UP 4.99%
AH Futures Down
AH Asian Markets UP
AH Oil UP
AH Gold Down
About markets, most pundits are on the bandwagon that S&P 500 is overbought, that may be BUT, we can use RSI to buy stocks or stay in market with your portfolio. I check RSI for all my buy & sell decision. I also use RSI to monitor my portfolio. As long as i have stocks which is NOT high 60, i feel comfortable. BUT ..you have to monitor your OWN comfort level based on NOISE.
BLOG does NOT give buy or sell.
Saleem
Indices down .02% to .13%......
Indices are marking time to hear what Fed has to say about US economy.
Internals are mixed with Nasdaq being negative.
S&P 500 high today is 1322.28, which is a higher high.
RSI 68.01
Oil UP $1.52
Gold UP $12.70
Canadian $ UP 47 tick @ 99.19
VIX UP 3.99% @ 19.01
In my portfolio :
Added 36% RIMM @ $15.90, RIMM becomes my 2nd largest position after AMZN.
RIMM announced Change of CEO, while ex CEO are moved to being a board member of RIMM. Mike Laziridis ex CEO & Founder of RIMM is now Vice- Chairman of Board heading a committee of INNOVATION......
RIMM is expected to earn $2.94 ending Feb 2013, current Q it is expected to earn 84 cents & 70 cents next Q......RIMM is trading @ 5.39 PE.......IF you read all the negativity, you would think that RIMM is losing money every Q....power of media / analysts is obvious.........
Portfolio is AMZN,CNQ,CLF,RIMM,RVBD
Most stocks are UP
@ 2.00 following are down :
RIMM,RVBD,AMZN,COH,GOOG,M,
SNDK,MOS,VMW,FFIV,BWLD,MA,
V,APKT,TSL,JCP,MS,BRCM,VECO,
CIEN,JDSU,FNSR,ARUN,OCZ,FIO,
SBUX,GS.....
BLOG does NOT give buy or sell.
Saleem
Internals are mixed with Nasdaq being negative.
S&P 500 high today is 1322.28, which is a higher high.
RSI 68.01
Oil UP $1.52
Gold UP $12.70
Canadian $ UP 47 tick @ 99.19
VIX UP 3.99% @ 19.01
In my portfolio :
Added 36% RIMM @ $15.90, RIMM becomes my 2nd largest position after AMZN.
RIMM announced Change of CEO, while ex CEO are moved to being a board member of RIMM. Mike Laziridis ex CEO & Founder of RIMM is now Vice- Chairman of Board heading a committee of INNOVATION......
RIMM is expected to earn $2.94 ending Feb 2013, current Q it is expected to earn 84 cents & 70 cents next Q......RIMM is trading @ 5.39 PE.......IF you read all the negativity, you would think that RIMM is losing money every Q....power of media / analysts is obvious.........
Portfolio is AMZN,CNQ,CLF,RIMM,RVBD
Most stocks are UP
@ 2.00 following are down :
RIMM,RVBD,AMZN,COH,GOOG,M,
SNDK,MOS,VMW,FFIV,BWLD,MA,
V,APKT,TSL,JCP,MS,BRCM,VECO,
CIEN,JDSU,FNSR,ARUN,OCZ,FIO,
SBUX,GS.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 22, 2012
What is CMF, VIX, RSI trying to tell us ?
VIX closed @ 18.28, lowest level since June 2011. S&P 500 was around 1270 area @ that time. S&P 500 then tumbled to 1074.77 by October 2011. This drop was 196 points or 15.43%. It is always important to look back for some perspective.
RSI currently is @ 68.92, highest level since August 2011. Anytime when any technical indicator is @ six month high, it deserves deep analysis.
CMF is @ 0.498, also @ six month high.
All three indicators are trying to tell us something ?
Are three indicators pointing to a "temporary top" in this market?
IF we look @ S&P 500, which closed @ 1315.38.
S&P 500 chart is pointing @ potential resistance from 1340 to 1350 area on a short term basis. IF we cross that on some positive news, then 1370.58 is a major resistance.
It is important for traders to spot overbought indicators.
Leaving some money on the table may be wiser than risking major profit.
Based on momentum, market is heading much higher in long term. It is impossible to predict future momentum, it can turn on a dime.
HFT are technically driven, their black box is programmed to sell @ certain numbers. When selling starts black boxes can accelerate selling in a hurry......so be very very careful.
As i have mentioned, i am @ 85% exposure only, this will be trimmed further by Tuesday to as low as 0% or may initiate some short positions........
Tuesday AAPL is reporting, YES they will beat...BUT there may be questions about their ipad sales & ipad Sales projection for current Q. As most of you know that RIMM has slashed its playbook prices to 1/4 of Ipad price of comparable memory. I do not know of anyone who wants to pay 300% more for a similar product. This is causing softer sales of ipad in my opinion.When there was no competition from RIMM in pricing, AAPL missed ipad sales last Q also. Also AAPL is reaching a much higher base to beat numbers in future. AAPL guidance may be softer.
SO, market is @ "technical crossroad".....tread with caution.
BLOG does NOT give buy or sell.
Saleem
RSI currently is @ 68.92, highest level since August 2011. Anytime when any technical indicator is @ six month high, it deserves deep analysis.
CMF is @ 0.498, also @ six month high.
All three indicators are trying to tell us something ?
Are three indicators pointing to a "temporary top" in this market?
IF we look @ S&P 500, which closed @ 1315.38.
S&P 500 chart is pointing @ potential resistance from 1340 to 1350 area on a short term basis. IF we cross that on some positive news, then 1370.58 is a major resistance.
It is important for traders to spot overbought indicators.
Leaving some money on the table may be wiser than risking major profit.
Based on momentum, market is heading much higher in long term. It is impossible to predict future momentum, it can turn on a dime.
HFT are technically driven, their black box is programmed to sell @ certain numbers. When selling starts black boxes can accelerate selling in a hurry......so be very very careful.
As i have mentioned, i am @ 85% exposure only, this will be trimmed further by Tuesday to as low as 0% or may initiate some short positions........
Tuesday AAPL is reporting, YES they will beat...BUT there may be questions about their ipad sales & ipad Sales projection for current Q. As most of you know that RIMM has slashed its playbook prices to 1/4 of Ipad price of comparable memory. I do not know of anyone who wants to pay 300% more for a similar product. This is causing softer sales of ipad in my opinion.When there was no competition from RIMM in pricing, AAPL missed ipad sales last Q also. Also AAPL is reaching a much higher base to beat numbers in future. AAPL guidance may be softer.
SO, market is @ "technical crossroad".....tread with caution.
BLOG does NOT give buy or sell.
Saleem
Friday, January 20, 2012
Impressive close today.......NICE !!!!
Indices were all set to fall based on overbought condition & GOOG miss, but buyers emerged in the closing minute in heavy volume.
S&P 500 closed @ the absolute high of the day @ 1315.38.....low today was 1309.17
CMF is 0.498...highest level in months, good sign of money flow in markets.
Nasdaq was barely down @ .06%
Oil closed @ $98.46
Gold closed @ $1664.00
Canadian $ closed @ 98.70, down 18 tick
VIX got hammered, down 8%, closing @ 18.28.......52 wk low is 14.27...this is a tell tale of the strength of this bull market.
In my portfolio :
Bought AMZN @ $190.73
Bought CLF @ $72.00
Bought RIMM @ $17.12
Portfolio is AMZN,CNQ,CLF,RIMM,RVBD
Here is my portfolio weighting :
AMZN 31.34%
CNQ 18.39%
RVBD 17.52%
RIMM 16.75%
CLF 16.01%
Allocation is 85% vs 140% day before......
Stocks which closed green, included....MOS,NTES,GG,VMW, FFIV,SLW,APKT,MS,JDSU,CRUS,ARUN.......
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ the absolute high of the day @ 1315.38.....low today was 1309.17
CMF is 0.498...highest level in months, good sign of money flow in markets.
Nasdaq was barely down @ .06%
Oil closed @ $98.46
Gold closed @ $1664.00
Canadian $ closed @ 98.70, down 18 tick
VIX got hammered, down 8%, closing @ 18.28.......52 wk low is 14.27...this is a tell tale of the strength of this bull market.
In my portfolio :
Bought AMZN @ $190.73
Bought CLF @ $72.00
Bought RIMM @ $17.12
Portfolio is AMZN,CNQ,CLF,RIMM,RVBD
Here is my portfolio weighting :
AMZN 31.34%
CNQ 18.39%
RVBD 17.52%
RIMM 16.75%
CLF 16.01%
Allocation is 85% vs 140% day before......
Stocks which closed green, included....MOS,NTES,GG,VMW, FFIV,SLW,APKT,MS,JDSU,CRUS,ARUN.......
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 19, 2012
Indices closed UP .36% to .67%.......NICE !!!!
Indices closed near high of the day again.
S&P 500 closed @ 1314.50, high today was 1315.49
RSI @ 68.69
Internals of the market were :
UP volume led by 1.90 to 1 in NYSE & 2.05 to 1 in Nasdaq
Advancing stocks led by 1.91 to 1 in NYSE & 1.41 to 1 in Nasdaq
New 52 wk highs were in the lead, 177 in NYSE & 78 in Nasdaq
VIX closed @ 19.87 down 4.88%
Oil closed @ $100.39
Gold closed @ $1654.50
CMF in S&P 500 @ 0.492, highest level in five months
IF you look @ internals ratios above, it is NOT as strong as it has been..i am more comfortable when it is close to 3 to 1.
Sentiment in market is extremely EUPHORIC, which is my warning sign.
Market has been UP in a straight line since new year. S&P 500 has gone UP from 1202.37 to 1315.49 a gain of 113 points or 9.40% ....that is a huge move UP in 12 trading days. We all have participated in this move UP. It is PRUDENT to book gains which i did today.
NOBODY can predict market moves, but we all can book profit after huge gains.
Your OWN market prediction should dictate what you should do.
I have done what makes me comfortable.
AH ER :
INTC UP .86%
MSFT UP 2.52%
IBM UP 2.70%
ISRG Down 4.60%
GOOG Down 9.08%
Stocks which were UP 2% or more included RVBD,AMZN,
MGA,MPEL,FFIV,VMW,CRM,APKT,TLM,JCP,TCK,MS,
JDSU,FNSR,CRUS,ARUN,GS......
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1314.50, high today was 1315.49
RSI @ 68.69
Internals of the market were :
UP volume led by 1.90 to 1 in NYSE & 2.05 to 1 in Nasdaq
Advancing stocks led by 1.91 to 1 in NYSE & 1.41 to 1 in Nasdaq
New 52 wk highs were in the lead, 177 in NYSE & 78 in Nasdaq
VIX closed @ 19.87 down 4.88%
Oil closed @ $100.39
Gold closed @ $1654.50
CMF in S&P 500 @ 0.492, highest level in five months
IF you look @ internals ratios above, it is NOT as strong as it has been..i am more comfortable when it is close to 3 to 1.
Sentiment in market is extremely EUPHORIC, which is my warning sign.
Market has been UP in a straight line since new year. S&P 500 has gone UP from 1202.37 to 1315.49 a gain of 113 points or 9.40% ....that is a huge move UP in 12 trading days. We all have participated in this move UP. It is PRUDENT to book gains which i did today.
NOBODY can predict market moves, but we all can book profit after huge gains.
Your OWN market prediction should dictate what you should do.
I have done what makes me comfortable.
AH ER :
INTC UP .86%
MSFT UP 2.52%
IBM UP 2.70%
ISRG Down 4.60%
GOOG Down 9.08%
Stocks which were UP 2% or more included RVBD,AMZN,
MGA,MPEL,FFIV,VMW,CRM,APKT,TLM,JCP,TCK,MS,
JDSU,FNSR,CRUS,ARUN,GS......
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Sold majority of my portfolio, based on high RSI.....
Sold AMZN,CMG,COH,LVS,RIMM.....Booked profit
Holding RVBD & CNQ
Portfolio reduced from 136% exposure to 31%
All this based on RSI read.....a reliable trading technical tool.....
BLOG does NOT give buy or sell.
Saleem
Holding RVBD & CNQ
Portfolio reduced from 136% exposure to 31%
All this based on RSI read.....a reliable trading technical tool.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 18, 2012
Indices closed UP .78% to 1.53%......NICE !!!!!!
Indices are all rocketing UP to higher highs.
S&P 500 closed @ 1308.04
Internals of the market were :
UP volume led by 6.14 to 1 in NYSE & 4.53 to 1 in Nasdaq
Advancing stocks led by 3.82 to 1 in NYSE & 3.08 to 1 in Nasdaq
New 52 wk highs were in the lead, 126 in NYSE & 72 in Nasdaq
RSI @ 66.99
Oil closed @ $100.59
Gold closed @ $1659.90
VIX closed @ 20.89, down 5.9%, can we see 19 ?
Stocks which were UP 3% or more included AMZN,CNQ,COH,RVBD,
SCCO,TCK,MGA,FCX,
WYNN,WPRT,SNDK,
PCLN,CRM,TSL,MS,
AMCC,JDSU,CIEN,GS,
FNSR,ARUN,WWWW.....
About market, there is tremendous MOMENTUM in TAPE. Staying with CONVICTION should pay off big time. YES we may see negative day's, but POSITIVE day's will win out in the end.
AH ER :
XLNX UP 7.17%
EBAY UP 2.44%
FFIV UP 7.04%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1308.04
Internals of the market were :
UP volume led by 6.14 to 1 in NYSE & 4.53 to 1 in Nasdaq
Advancing stocks led by 3.82 to 1 in NYSE & 3.08 to 1 in Nasdaq
New 52 wk highs were in the lead, 126 in NYSE & 72 in Nasdaq
RSI @ 66.99
Oil closed @ $100.59
Gold closed @ $1659.90
VIX closed @ 20.89, down 5.9%, can we see 19 ?
Stocks which were UP 3% or more included AMZN,CNQ,COH,RVBD,
SCCO,TCK,MGA,FCX,
WYNN,WPRT,SNDK,
PCLN,CRM,TSL,MS,
AMCC,JDSU,CIEN,GS,
FNSR,ARUN,WWWW.....
About market, there is tremendous MOMENTUM in TAPE. Staying with CONVICTION should pay off big time. YES we may see negative day's, but POSITIVE day's will win out in the end.
AH ER :
XLNX UP 7.17%
EBAY UP 2.44%
FFIV UP 7.04%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices making higher highs, UP .47% to 1.17%....NICE !!!!!
Indices are on a roll again, all indices making higher highs.
S&P 500 high so far is 1305.32
Internals are positive by better than 2 to 1.
New 52 wk highs in the lead.
Oil Down 8 cents
Gold UP $4.70
Canadian $ UP 28 tick @ 98.77
VIX down 3.15% @ 21.50.....
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD....
Most stocks are UP
@ 2.05 following are RED :
RIMM,MOS,GG,LULU,BIDU,BWLD,TLM,AUY,GLNG....
BLOG does NOT give buy or sell.
Saleem
S&P 500 high so far is 1305.32
Internals are positive by better than 2 to 1.
New 52 wk highs in the lead.
Oil Down 8 cents
Gold UP $4.70
Canadian $ UP 28 tick @ 98.77
VIX down 3.15% @ 21.50.....
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD....
Most stocks are UP
@ 2.05 following are RED :
RIMM,MOS,GG,LULU,BIDU,BWLD,TLM,AUY,GLNG....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 17, 2012
Indices closed UP, making higher highs ......NICE !!!!!
Indices continues to march upwards. All indices making higher highs.
S&P 500 closed @ 1293.67, high today was 1303.00.
Internals were positive.
New 52 wk highs were in the lead, 128 in NYSE & 69 in Nasdaq.
Oil closed @ $100.71
Gold closed @ $1655.60
VIX jumped 6.17% @ 22.20, first major increase as markets making higher highs.
Stocks which were UP 1% or more included AMZN,COH,RIMM,
SWC,SCCO,FIO,SU,TCK,AAPL,FCX,WYNN,MPEL,PCLN,
QCOM,BIDU,APKT,MA,V,JDSU,CRUS......
AH News :
RIMM down 5.44%..Samsung denies takeover speculation.
YHOO UP 2.79%..Jerry Yang founder of Yahoo, leaving all position to pursue other things.
AH Futures UP
AH Asian Markets mostly UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1293.67, high today was 1303.00.
Internals were positive.
New 52 wk highs were in the lead, 128 in NYSE & 69 in Nasdaq.
Oil closed @ $100.71
Gold closed @ $1655.60
VIX jumped 6.17% @ 22.20, first major increase as markets making higher highs.
Stocks which were UP 1% or more included AMZN,COH,RIMM,
SWC,SCCO,FIO,SU,TCK,AAPL,FCX,WYNN,MPEL,PCLN,
QCOM,BIDU,APKT,MA,V,JDSU,CRUS......
AH News :
RIMM down 5.44%..Samsung denies takeover speculation.
YHOO UP 2.79%..Jerry Yang founder of Yahoo, leaving all position to pursue other things.
AH Futures UP
AH Asian Markets mostly UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Chinese GDP growth of 8.9% lifts market......NICE !!!!
Chinese GDP came in better than expected 8.7%, actual was 9.9%.
German data was also better than expected.
Above two key data was enough to lift gloom from world markets.
Indices are currently UP .71% to 99%
Internals are UP better than 2 to 1
Oil UP $1.68
Gold UP $24.20
Canadian $ UP 32 tick @ 98.50
VIX UP 1% @ 21.12......
In my portfolio :
Added 70% COH @ $62.22
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD
Here is my real time portfolio weighting :
CMG 18.98%
AMZN 17.94%
RIMM 15.82%
LVS 14.56%
COH 12.32%
CNQ 10.63%
RVBD 9.75%
Most stocks are UP
@ 2.21 following are RED :
CMG,RVBD,AUY,LULU,GG,VMW,FFIV,BWLD,
JCP,NTES,MS,C,NVDA,KGC,ABX,AEM,BJRI,
SNE,GS......
BLOG does NOT give buy or sell.
Saleem
German data was also better than expected.
Above two key data was enough to lift gloom from world markets.
Indices are currently UP .71% to 99%
Internals are UP better than 2 to 1
Oil UP $1.68
Gold UP $24.20
Canadian $ UP 32 tick @ 98.50
VIX UP 1% @ 21.12......
In my portfolio :
Added 70% COH @ $62.22
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD
Here is my real time portfolio weighting :
CMG 18.98%
AMZN 17.94%
RIMM 15.82%
LVS 14.56%
COH 12.32%
CNQ 10.63%
RVBD 9.75%
Most stocks are UP
@ 2.21 following are RED :
CMG,RVBD,AUY,LULU,GG,VMW,FFIV,BWLD,
JCP,NTES,MS,C,NVDA,KGC,ABX,AEM,BJRI,
SNE,GS......
BLOG does NOT give buy or sell.
Saleem
Sunday, January 15, 2012
S&P downgrade of Europe not a game changer......
S&P finally woke up & realized, there is a problem in Europe. AAA rating is being cut & many negative outlook being given. Well that is so nice, that S&P is the last to act on any issue.Remember US downgrade, that lasted a whole day.
European wholesale downgrade probably may last 5 hours on Tuesday. World markets will give their take on Monday.
S&P 500 closed @ 1289.09. Based on European downgrade, it may be healthy to pause for a day.
RSI @ 61.41
CMF positive & near its high of the year @ +0.315
Next target for S&P 500 is 1344.07, then 1356.48 & finally 1370.58...then it is a major "upside" breakout.
Since New year, markets have taken a decisive "bullish tone", many stocks are making new all time highs.
It will be wise to show patience with strong stocks, most of them go to new all time highs in a bull market.New highs takes time & few catalysts.
It is important to keep an eye on RSI in making buying or selling decision, around 70 RSI stocks consolidates & marks time. Around 50 stocks are ready to move UP. Knowing this will reduce expectations & frustration can be minimized.
Home builders & financials are giving clear indication of a strong bull market.
Do not be frustrated, because you missed few stocks which took off. In a bull market, that happens quite often "after the fact"......
IF you are feeling left out with fast moving stocks, give it a week, then buy it.
There are roughly 60,000 stocks available for trading in major exchanges. It is not possible to have all the movers in your portfolio.
Focus on the quality of your own stocks & make educated decisions about them.Educated means, decision based on Fundamental,Technical , TAPE & SEASONALITY.
TAPE involves volume pattern, demand & direction.
It is OK to have some "speculative stocks" in your portfolio, but majority should be in stronger stocks.
Canadian markets are open, RIMM,CNQ, AGU,POT,SU,ABX,GG,AUY,EGO,NXY,TCK,
PAL,LULU & many others trade..... all you have to do is add .TO next to the symbol or in some cases do symbol search.
Good luck with your OWN research & stock selection.
BLOG does NOT give buy or sell.
Next post on Tuesday around 2 PM.
Saleem
European wholesale downgrade probably may last 5 hours on Tuesday. World markets will give their take on Monday.
S&P 500 closed @ 1289.09. Based on European downgrade, it may be healthy to pause for a day.
RSI @ 61.41
CMF positive & near its high of the year @ +0.315
Next target for S&P 500 is 1344.07, then 1356.48 & finally 1370.58...then it is a major "upside" breakout.
Since New year, markets have taken a decisive "bullish tone", many stocks are making new all time highs.
It will be wise to show patience with strong stocks, most of them go to new all time highs in a bull market.New highs takes time & few catalysts.
It is important to keep an eye on RSI in making buying or selling decision, around 70 RSI stocks consolidates & marks time. Around 50 stocks are ready to move UP. Knowing this will reduce expectations & frustration can be minimized.
Home builders & financials are giving clear indication of a strong bull market.
Do not be frustrated, because you missed few stocks which took off. In a bull market, that happens quite often "after the fact"......
IF you are feeling left out with fast moving stocks, give it a week, then buy it.
There are roughly 60,000 stocks available for trading in major exchanges. It is not possible to have all the movers in your portfolio.
Focus on the quality of your own stocks & make educated decisions about them.Educated means, decision based on Fundamental,Technical , TAPE & SEASONALITY.
TAPE involves volume pattern, demand & direction.
It is OK to have some "speculative stocks" in your portfolio, but majority should be in stronger stocks.
Canadian markets are open, RIMM,CNQ, AGU,POT,SU,ABX,GG,AUY,EGO,NXY,TCK,
PAL,LULU & many others trade..... all you have to do is add .TO next to the symbol or in some cases do symbol search.
Good luck with your OWN research & stock selection.
BLOG does NOT give buy or sell.
Next post on Tuesday around 2 PM.
Saleem
Friday, January 13, 2012
Constructive close today....NICE !!!!
Despite rumour of European downgrade whole day, markets stayed within its uptrend line.
Before we closed we learned that France indeed was downgraded a full notch to to AA.
Markets actually improved on French news & closed near best level of the day.
Markets are displaying tremendous resiliency even when multiple country downgrades were being talked about.
S&P 500 went to 1277.58 @ low of the day, but we closed @ 1289.09 down 6.41 points.
RSI @ 61.41......
VIX closed @ 20.98 UP 2.49%, staying near lows, great for equity.
Oil closed @ $98.70
Gold closed @ $1630.80
Internals of the markets were negative.
New 52 wk highs held their lead, 93 in NYSE & 37 in Nasdaq
Portfolio AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD.....
Stocks which had $ gains or more included CMG ( new all time high), AMZN,
AGU,FIO,PCLN......
Most world markets are open on Monday including Canada, while US is closed to observe Martin Luther King Jr day.
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
PS..bought Blackberry Playbook with 64 GB memory, price was more than right in Canada. Extremely stunning tablet. Form Factor is simply awesome.Graphics unbelievable. Dont know why it was labelled a failure.
Saleem
Before we closed we learned that France indeed was downgraded a full notch to to AA.
Markets actually improved on French news & closed near best level of the day.
Markets are displaying tremendous resiliency even when multiple country downgrades were being talked about.
S&P 500 went to 1277.58 @ low of the day, but we closed @ 1289.09 down 6.41 points.
RSI @ 61.41......
VIX closed @ 20.98 UP 2.49%, staying near lows, great for equity.
Oil closed @ $98.70
Gold closed @ $1630.80
Internals of the markets were negative.
New 52 wk highs held their lead, 93 in NYSE & 37 in Nasdaq
Portfolio AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD.....
Stocks which had $ gains or more included CMG ( new all time high), AMZN,
AGU,FIO,PCLN......
Most world markets are open on Monday including Canada, while US is closed to observe Martin Luther King Jr day.
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
PS..bought Blackberry Playbook with 64 GB memory, price was more than right in Canada. Extremely stunning tablet. Form Factor is simply awesome.Graphics unbelievable. Dont know why it was labelled a failure.
Saleem
Thursday, January 12, 2012
Indices closed UP .17% to .51%.......NICE !!!!!
Indices were under pressure from open due to US economic data, although European Bond auction went well.
After struggling initially indices crawled back UP by close.
Again, close was more than impressive.
Internals were :
UP volume led by 1.51 to 1 in NYSE & 1.95 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & 1.61 to 1 in Nasdaq
New 52 wk highs were in the lead again, 96 in NYSE & 61 in Nasdaq
VIX closed down 2.71% @ 20.48, we may see 19 on Friday.....
Oil closed @ $99.10, it did a U turn on EU delay on Iranian embargo by six months.
Gold closed @ $1647.70
S&P 500 closed @ 1295.50, which is the highest close since August 2011.RSI @ 64.66
Market is closed on Monday, so it is important to look @ your exposure to this strong market on Friday. Friday is weekly Option Expiry, expect some bullish firework.
Stocks which were UP 1% or more included RIMM,
AUY,CLF,FCX,GG,MPEL,LULU,QCOM,V,TSL,
CIEN,C,SCCO,OCZ,TCK,MGA,WPRT.
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
After struggling initially indices crawled back UP by close.
Again, close was more than impressive.
Internals were :
UP volume led by 1.51 to 1 in NYSE & 1.95 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & 1.61 to 1 in Nasdaq
New 52 wk highs were in the lead again, 96 in NYSE & 61 in Nasdaq
VIX closed down 2.71% @ 20.48, we may see 19 on Friday.....
Oil closed @ $99.10, it did a U turn on EU delay on Iranian embargo by six months.
Gold closed @ $1647.70
S&P 500 closed @ 1295.50, which is the highest close since August 2011.RSI @ 64.66
Market is closed on Monday, so it is important to look @ your exposure to this strong market on Friday. Friday is weekly Option Expiry, expect some bullish firework.
Stocks which were UP 1% or more included RIMM,
AUY,CLF,FCX,GG,MPEL,LULU,QCOM,V,TSL,
CIEN,C,SCCO,OCZ,TCK,MGA,WPRT.
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Nasdaq green AGAIN......NICE !!!!
Indices are mixed, with Nasdaq staying green.
Economic data in US was on the weak side, thus hesitation in market today.
Internals are mostly positive, with 52 wk highs in the lead.
Gold UP $8.90
Oil UP 80 cents
Canadian $ UP 3 tick @ 98.16
VIX Down .14% @ 21.02...staying near lows, good for equities.
In my portfolio :
Added 60% CNQ @ $37.84
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD
Here is my real time weighting :
CMG 20.15%
AMZN 18.88%
RIMM 15.63%
LVS 15.26%
CNQ 11.78%
RVBD 10.67%
COH 7.63%
Exposure 133%
Most stocks are UP
@ 2.05 following are down :
AMZN,CMG,COH,RVBD,FIO,MOS,WYNN,AAPL,
SNDK,PCLN,VMW,FFIV,BWLD,APKT,JCP,TLM,
JDSU,FNSR,CRUS,OTEX,ULTA,NVDA,EGO,ABX,
AEM,BJRI,KOG,IBN,SNE....
BLOG does NOT give buy or sell.
Saleem
Economic data in US was on the weak side, thus hesitation in market today.
Internals are mostly positive, with 52 wk highs in the lead.
Gold UP $8.90
Oil UP 80 cents
Canadian $ UP 3 tick @ 98.16
VIX Down .14% @ 21.02...staying near lows, good for equities.
In my portfolio :
Added 60% CNQ @ $37.84
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD
Here is my real time weighting :
CMG 20.15%
AMZN 18.88%
RIMM 15.63%
LVS 15.26%
CNQ 11.78%
RVBD 10.67%
COH 7.63%
Exposure 133%
Most stocks are UP
@ 2.05 following are down :
AMZN,CMG,COH,RVBD,FIO,MOS,WYNN,AAPL,
SNDK,PCLN,VMW,FFIV,BWLD,APKT,JCP,TLM,
JDSU,FNSR,CRUS,OTEX,ULTA,NVDA,EGO,ABX,
AEM,BJRI,KOG,IBN,SNE....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 11, 2012
Mixed close today.......
Indices fought their way back from negative open, by close only Dow was slightly down.
Nasdaq & S&P 500 closed green again.
As i have said many times, strength of any market is based on how we close. For many days close has been impressive.
Internals were positive also as listed below :
UP volume led by 1.62 to 1 in NYSE & 1.61 to 1 in Nasdaq
Advancing stocks led by 1.23 to 1 in NYSE & 1.46 to 1 in Nasdaq
New 52 wk highs were in the lead again, 62 in NYSE & 45 in Nasdaq
VIX closed @ 21.04 barely UP 1.69%......looks very good for stocks.
Oil closed @ $100.87
Gold closed @ $1639.60
Stocks which had impressive $ moves included CMG,LVS,
VMW,CLF,FCX,NTES,FFIV,GOOG,CRM,TSL,C,WYNN.
Chinese inflation came in @ 4.1%, lowest level in 15 months.Came awfully close to 4% which was consensus & official expectations for policy matters.This will further increase the chance of easing.
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Nasdaq & S&P 500 closed green again.
As i have said many times, strength of any market is based on how we close. For many days close has been impressive.
Internals were positive also as listed below :
UP volume led by 1.62 to 1 in NYSE & 1.61 to 1 in Nasdaq
Advancing stocks led by 1.23 to 1 in NYSE & 1.46 to 1 in Nasdaq
New 52 wk highs were in the lead again, 62 in NYSE & 45 in Nasdaq
VIX closed @ 21.04 barely UP 1.69%......looks very good for stocks.
Oil closed @ $100.87
Gold closed @ $1639.60
Stocks which had impressive $ moves included CMG,LVS,
VMW,CLF,FCX,NTES,FFIV,GOOG,CRM,TSL,C,WYNN.
Chinese inflation came in @ 4.1%, lowest level in 15 months.Came awfully close to 4% which was consensus & official expectations for policy matters.This will further increase the chance of easing.
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Indices Mixed.......
Indices are mixed with Nasdaq green, while Dow & S&P 500 are down.
Internals are positive.
New 52 wk highs are in the lead.
Fed beige book noted improvement in economy.
Oil Down 72 cents
Gold UP $8.80
Canadian $ Down 32 tick @ 98.12
VIX UP 2.13% @ 21.13
In my portfolio :
Bought CNQ @ $38.19
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD
Exposure 125%
Most stocks are UP
@ 2.33 following are down :
AMZN,CNQ,COH,FIO,AUY,SU,GG,AAPL,PCLN,M,
QCOM,BWLD,MA,V,TLM,SLW,APKT,SNDK,OTEX,
ECA,NVDA,EGO,AEM,BJRI,KOG,SNE.....
BLOG does NOT give buy or sell.
Saleem
Internals are positive.
New 52 wk highs are in the lead.
Fed beige book noted improvement in economy.
Oil Down 72 cents
Gold UP $8.80
Canadian $ Down 32 tick @ 98.12
VIX UP 2.13% @ 21.13
In my portfolio :
Bought CNQ @ $38.19
Portfolio is AMZN,CNQ,CMG,COH,LVS,RIMM,RVBD
Exposure 125%
Most stocks are UP
@ 2.33 following are down :
AMZN,CNQ,COH,FIO,AUY,SU,GG,AAPL,PCLN,M,
QCOM,BWLD,MA,V,TLM,SLW,APKT,SNDK,OTEX,
ECA,NVDA,EGO,AEM,BJRI,KOG,SNE.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 10, 2012
Indices closed UP .56% to .97%.....NICE !!!!
Indices were on fairly steady footing today thanks to China & optimism about upcoming earnings.
Europe was completely off radar.
S&P 500 closed @ 1292.08, high of the day was 1296.46. October 2011 high was 1292.66.
RSI @ 63.71
Internals of the markets were :
UP volume led by 3.92 to 1 in NYSE & 2.65 to 1 in Nasdaq
Advancing stocks led by 3.35 to 1 in NYSE & 2.73 to 1 in Nasdaq
New 52 wk highs were in the lead, 144 in NYSE & 97 in Nasdaq
VIX closed @ 20.69
Oil closed @ $102.24
Gold closed @ $1631.50
Stocks which were higher 3% or more included LVS,
CLF,FCX,MOS,SU,MPEL,LULU,BIDU,CRM,TSL,
TCK,MS,BAC,CRUS,MGA......
Jimmy the Cramer is back to his usual mantra of NOT predicting any rally in 2011 or 2012 & NOT believing IF there is a rally. He is urging his followers for the 100th time, NOT to participate in this rally. His approach defies any trading logic, IF there is going to be a continuation of this rally WHY NOT PARTICIPATE?????
As we all know that 2012 may be a lot different than 2011, so strategy needs to be ..... IN the market with NORMAL safe approach. This could be as simple as selling stocks which are @ or near 70 RSI & switch to stocks which may be in 40 or 50 RSI...that is NOT tough to keep in mind, instead of being guided out of this or any market.
AH News :
URBN Down 14.79%
CROX UP 5.64%
AH Futures Down
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Europe was completely off radar.
S&P 500 closed @ 1292.08, high of the day was 1296.46. October 2011 high was 1292.66.
RSI @ 63.71
Internals of the markets were :
UP volume led by 3.92 to 1 in NYSE & 2.65 to 1 in Nasdaq
Advancing stocks led by 3.35 to 1 in NYSE & 2.73 to 1 in Nasdaq
New 52 wk highs were in the lead, 144 in NYSE & 97 in Nasdaq
VIX closed @ 20.69
Oil closed @ $102.24
Gold closed @ $1631.50
Stocks which were higher 3% or more included LVS,
CLF,FCX,MOS,SU,MPEL,LULU,BIDU,CRM,TSL,
TCK,MS,BAC,CRUS,MGA......
Jimmy the Cramer is back to his usual mantra of NOT predicting any rally in 2011 or 2012 & NOT believing IF there is a rally. He is urging his followers for the 100th time, NOT to participate in this rally. His approach defies any trading logic, IF there is going to be a continuation of this rally WHY NOT PARTICIPATE?????
As we all know that 2012 may be a lot different than 2011, so strategy needs to be ..... IN the market with NORMAL safe approach. This could be as simple as selling stocks which are @ or near 70 RSI & switch to stocks which may be in 40 or 50 RSI...that is NOT tough to keep in mind, instead of being guided out of this or any market.
AH News :
URBN Down 14.79%
CROX UP 5.64%
AH Futures Down
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices UP .55% to .91%....NICE !!!!!
Indices are UP from opening bell, based on Chinese Trade Data. Optimism about upcoming earning reports are also playing a role in green TAPE.
Internals are positive by minimum 3 to 1.
New 52 wk highs are also in the lead, 151 in NYSE & 92 in Nasdaq.
S&P 500 high today is 1296.46, RSI 63.48
Gold UP $24.60
Oil UP $1.31
Canadian $ UP 70 tick @ 98.37
VIX Down 2.33% @ 20.58
In my portfolio :
Sold FIO
Sold M
Sold 33% RIMM
Bought CMG @ $340.71
Bought COH @ $61.82
Portfolio is AMZN,CMG,COH,LVS,RIMM,RVBD
Here is my $ weighting real time :
CMG 22.52%
AMZN 21.98%
RIMM 17.31%
LVS 16.95%
RVBD 12.25%
COH 8.99%
Market exposure 116%
Most stocks are UP
@ 2.15 following are Down :
CMG,COH,RVBD,OCZ,FIO,SNDK,FFIV,GOOG,
JCP,V,JDSU,CIEN,FNSR,OTEX,ULTA,AMCC,
EGO.....
BLOG does NOT give buy or sell.
Saleem
Internals are positive by minimum 3 to 1.
New 52 wk highs are also in the lead, 151 in NYSE & 92 in Nasdaq.
S&P 500 high today is 1296.46, RSI 63.48
Gold UP $24.60
Oil UP $1.31
Canadian $ UP 70 tick @ 98.37
VIX Down 2.33% @ 20.58
In my portfolio :
Sold FIO
Sold M
Sold 33% RIMM
Bought CMG @ $340.71
Bought COH @ $61.82
Portfolio is AMZN,CMG,COH,LVS,RIMM,RVBD
Here is my $ weighting real time :
CMG 22.52%
AMZN 21.98%
RIMM 17.31%
LVS 16.95%
RVBD 12.25%
COH 8.99%
Market exposure 116%
Most stocks are UP
@ 2.15 following are Down :
CMG,COH,RVBD,OCZ,FIO,SNDK,FFIV,GOOG,
JCP,V,JDSU,CIEN,FNSR,OTEX,ULTA,AMCC,
EGO.....
BLOG does NOT give buy or sell.
Saleem
Monday, January 9, 2012
Indices closed UP .09% to .27%.......NICE !!!
Indices closed UP after hesitation most of the day. How we close is more important than how we trade after open.
S&P 500 closed @ 1280.70, RSI 60.68
CMF rising in all indices, bullish sign..@ highest level since November.
Internals were positive with less than 2 to 1 ......
New 52 wk highs were in the lead, 107 in NYSE & 50 In Nasdaq
VIX closed @ 21.07 UP 2.13%, after many days of sharp decline. This indicator is telling us that more gains are on the way.
Oil Closed @ $101.31
Gold closed @ $1608.10
Stocks which were UP 1% or more included FIO,RIMM,RVBD,
OCZ,SU,CNQ,GG,AGU,VMW,FFIV,TSL,MS,JDSU,FNSR,
CIEN,SNDK,CRUS,BAC.....
AH news reaction :
AA +.80%
CRUS +8.07%
OCZ <3.33%>
JNPR <1.76%>
LIZ <12.89%>
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
Chinese Export shot UP 13.4%, ahead of consensus of 12.5%. Trade surplus shot UP to $16.52 billion vs expectation of $7.8 billion as imports cooled of to 11.8% vs expectation of 18%......
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1280.70, RSI 60.68
CMF rising in all indices, bullish sign..@ highest level since November.
Internals were positive with less than 2 to 1 ......
New 52 wk highs were in the lead, 107 in NYSE & 50 In Nasdaq
VIX closed @ 21.07 UP 2.13%, after many days of sharp decline. This indicator is telling us that more gains are on the way.
Oil Closed @ $101.31
Gold closed @ $1608.10
Stocks which were UP 1% or more included FIO,RIMM,RVBD,
OCZ,SU,CNQ,GG,AGU,VMW,FFIV,TSL,MS,JDSU,FNSR,
CIEN,SNDK,CRUS,BAC.....
AH news reaction :
AA +.80%
CRUS +8.07%
OCZ <3.33%>
JNPR <1.76%>
LIZ <12.89%>
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
Chinese Export shot UP 13.4%, ahead of consensus of 12.5%. Trade surplus shot UP to $16.52 billion vs expectation of $7.8 billion as imports cooled of to 11.8% vs expectation of 18%......
BLOG does NOT give buy or sell.
Saleem
indices green......NICE !!!!
All indices are green & internals are positive.
New 52 wk highs are in the lead, 108 in NYSE & 53 in Nasdaq
Oil Down $1.05
Gold Down $7.30
Canadian $ UP 22 tick @ 97.44
VIX UP 2.62% @ 21.17, doing an oversold bounce
Portfolio AMZN,FIO,LVS,M,RIMM,RVBD
Most stocks are UP
@ 1.58 following are down :
AMZN,M,TCK,SCCO,CLF,MGA,CMG,PCLN,
AUY,LULU,NTES,QCOM,BIDU,BWLD,CRM,
V,GOOG,JCP,TLM,ARUN,X,NYX,KOG....
BLOG does NOT give buy or sell.
Saleem
New 52 wk highs are in the lead, 108 in NYSE & 53 in Nasdaq
Oil Down $1.05
Gold Down $7.30
Canadian $ UP 22 tick @ 97.44
VIX UP 2.62% @ 21.17, doing an oversold bounce
Portfolio AMZN,FIO,LVS,M,RIMM,RVBD
Most stocks are UP
@ 1.58 following are down :
AMZN,M,TCK,SCCO,CLF,MGA,CMG,PCLN,
AUY,LULU,NTES,QCOM,BIDU,BWLD,CRM,
V,GOOG,JCP,TLM,ARUN,X,NYX,KOG....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 8, 2012
Is VIX telling us something ?
VIX our famous barometer of "fear", is crashing down. On Friday it closed @ 20.63, down 3.96% when markets were unchanged overall.
Is VIX telling us to be confident on the bullish side?
Indices & VIX are showing a very different TAPE than before......
All indices are above 50 & 200 DMA....
All indices are showing green CMF.....
Indices technical & fundamental picture are showing a marked improvement, before there was a big question mark IF Nasdaq can go above 200 DMA........
It is hard to argue with the technical picture of indices. It is telling us to go with the flow.....
VIX is also telling us, that fear has subsided. Market participant are not buying VIX as a hedge strategy. VIX plunge is telling us that market sentiment has substantially improved.
Now the question is, what kind of market are we entering in 2012 ?
2012 MAY project a different tone in market.
Markets goes through discounting process of any & all issues facing world economy.
MAYBE we have completed discounting process & MAY have a more normal market.
Normal markets may be defined by improving fundamentals in US economic picture.
China & India are trying to stabilize their economy & may face little more uncertainty in the short term.
Europe may be on the mend with most issues are known. Recession in Europe may be short lived.
I personally of the opinion, that worlds largest economy which is US will carry more weight going forward.
In a normal market, usual range of RSI will come into play. RSI @ 70 is a sell & 40 is a buy generally speaking, there are exceptions all the time, this applies to market & stocks.
S&P 500 closed @ 1277.81 with RSI @ 59.89
Next resistance is around 1300 area.......
It is important to factor CHANGES in market TONE.......
Here is my portfolio weighting as of Friday's close :
RIMM 25.58%
AMZN 22.33%
LVS 16.41%
M 14.60%
RVBD 11.83%
FIO 9.25%
Good luck with your OWN analysis of markets & individual stocks.
BLOG does NOT give buy or sell.
Saleem
Is VIX telling us to be confident on the bullish side?
Indices & VIX are showing a very different TAPE than before......
All indices are above 50 & 200 DMA....
All indices are showing green CMF.....
Indices technical & fundamental picture are showing a marked improvement, before there was a big question mark IF Nasdaq can go above 200 DMA........
It is hard to argue with the technical picture of indices. It is telling us to go with the flow.....
VIX is also telling us, that fear has subsided. Market participant are not buying VIX as a hedge strategy. VIX plunge is telling us that market sentiment has substantially improved.
Now the question is, what kind of market are we entering in 2012 ?
2012 MAY project a different tone in market.
Markets goes through discounting process of any & all issues facing world economy.
MAYBE we have completed discounting process & MAY have a more normal market.
Normal markets may be defined by improving fundamentals in US economic picture.
China & India are trying to stabilize their economy & may face little more uncertainty in the short term.
Europe may be on the mend with most issues are known. Recession in Europe may be short lived.
I personally of the opinion, that worlds largest economy which is US will carry more weight going forward.
In a normal market, usual range of RSI will come into play. RSI @ 70 is a sell & 40 is a buy generally speaking, there are exceptions all the time, this applies to market & stocks.
S&P 500 closed @ 1277.81 with RSI @ 59.89
Next resistance is around 1300 area.......
It is important to factor CHANGES in market TONE.......
Here is my portfolio weighting as of Friday's close :
RIMM 25.58%
AMZN 22.33%
LVS 16.41%
M 14.60%
RVBD 11.83%
FIO 9.25%
Good luck with your OWN analysis of markets & individual stocks.
BLOG does NOT give buy or sell.
Saleem
Friday, January 6, 2012
US excellent jobs data got hijacked by European issues......
US jobs data was way above consensus, 200K vs expectations of 150K.
But market was more fearful of what continues to be high bond yields in Europe.
By close only Nasdaq was in the green by 4.36 points.
Internals were mostly negative.
52 wk highs were in the lead again, 87 in NYSE & 36 in Nasdaq
Oil Down, closing @ $101.56
Gold Down, closing @ $1616.80
VIX plummeting by 3.86% @ 20.65
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Stocks which ended UP higher by 1% or more included AMZN,M,RIMM,
SNDK,COH,AAPL,LULU,
VMW,FFIV,CRM,APKT,JCP,
AMCC,CIEN, JDSU,FNSR,ARUN,
OCZ,STEC,MGA...
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
But market was more fearful of what continues to be high bond yields in Europe.
By close only Nasdaq was in the green by 4.36 points.
Internals were mostly negative.
52 wk highs were in the lead again, 87 in NYSE & 36 in Nasdaq
Oil Down, closing @ $101.56
Gold Down, closing @ $1616.80
VIX plummeting by 3.86% @ 20.65
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Stocks which ended UP higher by 1% or more included AMZN,M,RIMM,
SNDK,COH,AAPL,LULU,
VMW,FFIV,CRM,APKT,JCP,
AMCC,CIEN, JDSU,FNSR,ARUN,
OCZ,STEC,MGA...
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, January 5, 2012
Impressive close today.......NICE !!!!
Indices were under European pressure again today from open, but by close, we closed green in S&P 500 & Nasdaq.
S&P 500 closed @ 1281.06, RSI @ 61.17
Internals were positive
All indices are showing positive CMF
New 52 wk highs were in the lead, 88 in NYSE & 38 in Nasdaq
Oil closed @ $101.81
Gold closed @ $1620.10
VIX closed down 3.33% @ 21.48????
Stocks which closed UP 1% or higher included M,RVBD,
SNDK,PCLN,MOS,AAPL,LULU,BIDU,BWLD,CRM,
APKT,JDSU,CIEN,FNSR,CRUS,ARUN,OCZ,STEC....
AH news :
RFMD Down 15.78%
AA Down 1.71%
BAC Down 2.38%
AH Futures Down
AH Asian Markets Down
AH Gold UP
AH Oil Down
I am expecting Jobs report to "beat consensus" for the first time in many many months. IF that happens expect a "breakout" in indices.......with huge volume.
BLOG does NOT give buy or sell.
PS..post was delayed as i was listening to David Burrows on "market call tonight" a ONE HOUR phone in stock show on bnn.ca, he is the best trader / money manager. NO you wont find him on CNBC ????
Saleem
S&P 500 closed @ 1281.06, RSI @ 61.17
Internals were positive
All indices are showing positive CMF
New 52 wk highs were in the lead, 88 in NYSE & 38 in Nasdaq
Oil closed @ $101.81
Gold closed @ $1620.10
VIX closed down 3.33% @ 21.48????
Stocks which closed UP 1% or higher included M,RVBD,
SNDK,PCLN,MOS,AAPL,LULU,BIDU,BWLD,CRM,
APKT,JDSU,CIEN,FNSR,CRUS,ARUN,OCZ,STEC....
AH news :
RFMD Down 15.78%
AA Down 1.71%
BAC Down 2.38%
AH Futures Down
AH Asian Markets Down
AH Gold UP
AH Oil Down
I am expecting Jobs report to "beat consensus" for the first time in many many months. IF that happens expect a "breakout" in indices.......with huge volume.
BLOG does NOT give buy or sell.
PS..post was delayed as i was listening to David Burrows on "market call tonight" a ONE HOUR phone in stock show on bnn.ca, he is the best trader / money manager. NO you wont find him on CNBC ????
Saleem
Euro @ lowest level & US markets UP 3 day's in a row....NICE !!!!
Euro @ lowest level & below 1.28, but we are UP for third day.
I guess HFT has overplayed its Euro card?
European markets are down & we are UP, another HFT mantra broken?
Gold UP $10.30
Oil UP 13 cents
Canadian $ Down 42 tick @ 98.26, strange weakness?
VIX down 3.15% @ 21.52, it is crashing?
Internals are positive by almost 2 to 1.....
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
M @ new 52 wk high on high volume breakout, upped guidance for Q4 & 2012.....
Most stocks are UP
@ 2.20 following are RED :
FIO,LVS,CNQ,TCK,CLF,FCX,WYNN,
GOOG,MA,JCP,ECA,SNE,NYX.....
BLOG does NOT give buy or sell.
Saleem
I guess HFT has overplayed its Euro card?
European markets are down & we are UP, another HFT mantra broken?
Gold UP $10.30
Oil UP 13 cents
Canadian $ Down 42 tick @ 98.26, strange weakness?
VIX down 3.15% @ 21.52, it is crashing?
Internals are positive by almost 2 to 1.....
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
M @ new 52 wk high on high volume breakout, upped guidance for Q4 & 2012.....
Most stocks are UP
@ 2.20 following are RED :
FIO,LVS,CNQ,TCK,CLF,FCX,WYNN,
GOOG,MA,JCP,ECA,SNE,NYX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 4, 2012
Constructive close today....NICE !!!!
Indices fought their way back to near best level of the day @ close.
Dow & S&P 500 made back to back green close, a rarity in this Euro phobia market. Even today it was Spain yield which put scare in this market.
S&P 500 came closest to highest level @ close.
CMF is green in Dow & S&P 500 & barely red in Nasdaq, so money is flowing in.
RSI In Dow @ 61.95 & S&P 500 @ 60.26
VIX closed down 3.27% @ 22.22, good sign for stocks.
Oil closed @ $103.22
Gold closed @ $1612.70
Stocks which were UP 2% or more included FIO,RVBD,
COH,LULU,CMG,OCZ......
Thursday is unemployment claims & retail sales.
Consensus is 375,000 claims & gain of 3.3% in retail sales.
Friday is jobs report, consensus is 155,000 for overall headline number & 175,000 private sector job creation.
AH ER MOS was a beat stock UP .19%
AH futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 made back to back green close, a rarity in this Euro phobia market. Even today it was Spain yield which put scare in this market.
S&P 500 came closest to highest level @ close.
CMF is green in Dow & S&P 500 & barely red in Nasdaq, so money is flowing in.
RSI In Dow @ 61.95 & S&P 500 @ 60.26
VIX closed down 3.27% @ 22.22, good sign for stocks.
Oil closed @ $103.22
Gold closed @ $1612.70
Stocks which were UP 2% or more included FIO,RVBD,
COH,LULU,CMG,OCZ......
Thursday is unemployment claims & retail sales.
Consensus is 375,000 claims & gain of 3.3% in retail sales.
Friday is jobs report, consensus is 155,000 for overall headline number & 175,000 private sector job creation.
AH ER MOS was a beat stock UP .19%
AH futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
So far, Dow maintaining "golden cross"......NICE !!!!!
Dow is giving golden cross second day in a row, that happens when 50 DMA crosses 200 DMA. Golden cross normally predicts better time ahead for stocks & Markets.
Internals are slightly negative.
Gold UP $14.80
Oil Down 7 cents
Canadian $ Down 15 tick @ 98.75
VIX Down 2.22% @ 22.46, giving a bullish signal for stocks.
In my portfolio :
Added 50% RIMM @ $15.03
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Exposure 115%...RIMM is the biggest position in my portfolio @ 25.50% followed by AMZN @ 22.05%
Most stocks are down
@ 1.55 following are green :
FIO,RVBD,SNDK,TCK,LULU,CLF,COH,
CMG,AAPL,AGU,SU,GOOG,BWLD,
ULTA,ABX.....
BLOG does NOT give buy or sell.
Saleem
Internals are slightly negative.
Gold UP $14.80
Oil Down 7 cents
Canadian $ Down 15 tick @ 98.75
VIX Down 2.22% @ 22.46, giving a bullish signal for stocks.
In my portfolio :
Added 50% RIMM @ $15.03
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Exposure 115%...RIMM is the biggest position in my portfolio @ 25.50% followed by AMZN @ 22.05%
Most stocks are down
@ 1.55 following are green :
FIO,RVBD,SNDK,TCK,LULU,CLF,COH,
CMG,AAPL,AGU,SU,GOOG,BWLD,
ULTA,ABX.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 3, 2012
Indices closed UP 1.47% to 1.71% on upbeat economic data.....NICE !!!!
Indices were UP nicely on better than expected data worldwide.
Internals were as follows :
UP volume led by 4.03 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 3.36 to 1 in NYSE & 2.85 to 1 in Nasdaq
New 52 wk high were in the lead, 180 in NYSE & 70 in Nasdaq
VIX down 1.84% @ 22.97
S&P 500 closed @ 1277.06, RSI 60.20
Oil closed @ $102.96
Gold closed @ $1600.50
AH news :
APKT down 17.79% in AH volume of 1,037,409....warning on Q4 Sales & EPS
TIVO UP 14% on $215 million patent settlement from AT&T
Stocks which were UP 3% or more included AMZN,FIO,LVS,RVBD,RIMM,
AUY,CLF,PCLN,FCX,MOS,CNQ,
SU,MPEL,BIDU,SLW,GOOG,TCK,
TLM,MS,JDSU,C,BAC......
About market TAPE, it was NOT as robust as it could have been. We did not close near high of the day either. How we close on Wednesday will be a tell tale about strength of this market. A confirmation green close on Wednesday will be very healthy.
AH Futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals were as follows :
UP volume led by 4.03 to 1 in NYSE & 4.56 to 1 in Nasdaq
Advancing stocks led by 3.36 to 1 in NYSE & 2.85 to 1 in Nasdaq
New 52 wk high were in the lead, 180 in NYSE & 70 in Nasdaq
VIX down 1.84% @ 22.97
S&P 500 closed @ 1277.06, RSI 60.20
Oil closed @ $102.96
Gold closed @ $1600.50
AH news :
APKT down 17.79% in AH volume of 1,037,409....warning on Q4 Sales & EPS
TIVO UP 14% on $215 million patent settlement from AT&T
Stocks which were UP 3% or more included AMZN,FIO,LVS,RVBD,RIMM,
AUY,CLF,PCLN,FCX,MOS,CNQ,
SU,MPEL,BIDU,SLW,GOOG,TCK,
TLM,MS,JDSU,C,BAC......
About market TAPE, it was NOT as robust as it could have been. We did not close near high of the day either. How we close on Wednesday will be a tell tale about strength of this market. A confirmation green close on Wednesday will be very healthy.
AH Futures Mixed
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
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