Sunday, February 15, 2015

Nasdaq to 5,100 ......

Indices closed @ highest point of the day on Friday.......

TAPE is looking strong with resolution of Ukraine and imminent deal for Greece.....

Nasdaq is looking poised to hit 5,000

RUT @ all time high

S&P 500 @ all time high

Nasdaq @ 15 year high...

Chinese are stimulating their economy after a gap of  two years......

US in growth mode..

Germany back in growth mode...

All indices were basing for 8 weeks since last highs in 3rd week of December 2014.....

CMF @ 0.363 is highest in Nasdaq, followed by S&P 500 @ 0.299 and Dow @ 0.251

RSI for Dow @ 59.83, S&P 500 @ 61.70, Nasdaq @ 65.64...leaves lot of room to hit mid to high 70's before we are oversold.

TAPE has not looked this strong in about 6 months...

Expect series of new all time highs in Dow & S&P 500 plus a dash towards new all time highs in Nasdaq after 15 years.......5,100 is a probability...

Stay with your exposure and buy strong stocks which is staring @ new highs, there are plenty of those in the market.

2015 character has changed after struggling for 6 months with GDP issues worldwide and international disputes in Ukraine & Iraq.....

Greece gave a scare to the markets which is coming to satisfactory resolution on Monday......European markets will take off to new highs on Monday, while we are closed in US & Canada.

Oil gave a severe jolt to producers and exploration companies, but we have stabilized already and may inch UP towards $60...where cost of production may match the price for efficient producers.

SO, oil on the mend, US$ backing off and tensions are depleting via Ukraine & economic resolution for Greece.....its a win win scenario for all....

Market loves "certainty" and we got plenty right now....

Certainty means series of new all time highs....

Understand the above "changed scenario" and benefit from it through your "conviction and patience"

Good luck with your strategy !

BLOG does NOT give buy or sell.

Saleem


5 comments:

stocktrader_1996 said...

Hey Saleem,

The week was more amazing than I even realized until I did my numbers. The portfolio gained 4.33% versus a 2.02% gain for the S&P 500. Gainers were led by X (+14.2% when sold), PANW (+7.7%), and NXPI/GM (both over 4.5%), but nearly everything was up nicely.

The market looks very constructive in the face of "event" risk just as expected. Even today as Greece talks break down, the market futures are barely changed. Even though I expect Greece to take us to/past the brink, dips still have to be bought, and the fierce rally after the resolution will be a sight to behold!

The portfolio is diversified nicely, more so than almost any time in recent memory, with the sectors of industrials (ETN), semiconductors (NXPI), airlines (AAL), social (FB), auto (GM), specialty retail (GPRO), chemicals (HUN), cybersecurity (PANW), and insurers (PRU) all represented. I have approximately one cash position available.

This is a buy and hold market now. The event risk creates volatility that can be confusing, but seeing positions through to the end appears to work best as you never know when futures will be up big overnight. The all time highs for the Nasdaq are in sight! :)

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Bought some Z @ 110.96.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Wow that Z trade looked lovely for only about 15 minutes! Regardless, I think it is a powerful combination now officially approved. It is only a half-regular position due to volatility and uncertainty, so I don't have a huge risk here.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

Sold ETN @ 72.18 to reduce some exposure.

I am still searching for that low nat gas play--I think it is headed under $2 in spring.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Excellent week for you again......

Good luck with Z...

Good luck with next idea....

Saleem