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
at

14 comments:

  1. stocktrader_1996January 15, 2012 at 2:52 PM

    Hey Saleem,

    My current portfolio weights:

    WWWW - 18.7%
    OCZ - 12.4%
    MET - 11.5%
    SWC - 11.3%
    WPRT - 11.1%
    GLNG - 10.3%
    APKT - 10.1%
    AGU - 8.5%
    GWMGF - 3.5%
    APWC - 2.6%

    Stocktrader

    ReplyDelete
  2. Stocks100January 15, 2012 at 3:08 PM

    Hi Stocktrader,

    Thanks for your portfolio weighting.

    Saleem

    ReplyDelete
  3. BertJanuary 16, 2012 at 1:11 PM

    Hi Saleem,

    Do you know of anyway of investing in

    hzo waterblock

    I think it could really take off, but I am not sure how to invest in it?

    ReplyDelete
  4. Stocks100January 16, 2012 at 2:18 PM

    Hi Bert,

    HZO trades in NYSE..last price $7.61..average volume 90,954.....

    Dont know waterblock part?

    Saleem

    ReplyDelete
  5. BertJanuary 16, 2012 at 5:36 PM

    Saleem,

    I saw that one too, but it is not the boat dealer I am interested in, the one I am interested in is

    hzo.me,

    I know Zagg is a large share holder in the company, maybe it is not public anyway you should check it out, I think it will revolutionize how we use electronics, making them much more water proof.

    ReplyDelete
  6. Stocks100January 17, 2012 at 6:17 AM

    Hi Bert,

    @ CES, this was on sale & is widely available in US..to make every electronic gadget waterproof.

    This liquid proofing treatment will be in Canada soon.

    Saleem

    ReplyDelete
  7. cJanuary 17, 2012 at 7:02 AM

    SALEEM

    looks like you are in the $$$$$$$

    GE and PFE are showing me some love

    LVS ands CNQ are green again. are AMZN is looking strong today

    thanks to all blogger for posting comments

    C

    ReplyDelete
  8. Stocks100January 17, 2012 at 7:07 AM

    Hi C,

    My portfolio is weak today .....as i have no base metal stocks?

    Saleem

    ReplyDelete
  9. cJanuary 17, 2012 at 7:21 AM

    Saleem

    I guess that explains why SCCO is up very nice
    price target is still $47 RSI is 68

    C

    ReplyDelete
  10. Stocks100January 17, 2012 at 7:25 AM

    Hi C,

    YES...SCCO is good alongwoth stocktrader's HIGH OCTANE picks$$$$$

    Saleem

    ReplyDelete
  11. cJanuary 17, 2012 at 9:25 AM

    SLEEM

    looks like my oils are going gang busters

    EPT
    ETP
    EVEP
    KMP
    MWE
    TOT
    about time for some upswing

    Out AMAZON is doing good
    best wishes to all

    ReplyDelete
  12. Stocks100January 17, 2012 at 9:35 AM

    Hi C,

    You have 6 oil stocks in your portfolio......my one CNQ is dying.

    Saleem

    ReplyDelete
  13. stocktrader_1996January 17, 2012 at 10:43 AM

    Hey Saleem,

    Most of his are nat gas pipeline companies though...

    Stocktrader

    ReplyDelete
  14. Stocks100January 17, 2012 at 11:33 AM

    Hi Stocktrader,

    I do not follow that sector, so could not tell the difference from what C was telling.

    Thanks for proper sector definition.

    Saleem

    ReplyDelete