Stocks100

Indices UP .98% to 1.33%....NICE !!!!

2012-02-01T11:30:00.000-08:00

Indices are UP nicely showing upto 1.33% gain.

Internals are positive by minimum 3 to 1.

Oil down 42 cents

Gold UP $7.30

Canadian $ UP 46 tick @ 100.18 above US$

VIX Down 5.66% @ 18.34

In my portfolio :

Sold RIMM

Short LVS @ $49.94

Portfolio is Long AMZN, RVBD & short LVS

Exposure 67%

LVS reports AH, this is my third try @ predicting earning reaction, so far i am becoming a contrary indicator of price movement.....let us see how i do on third try.

CMG reports tonight also.

Most stocks are UP

@ 2.25 following are down :

AMZN,WPRT,JCP,OCZ,FIO,APKT,GG,TSL,
AMCC,KOG....

BLOG does NOT give buy or sell.

Saleem

Another impressive close.......

2012-01-31T19:31:00.000-08:00

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

AMZN Q4 & Q1 summary......

2012-01-31T15:08:00.000-08:00

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

Indices off their lows, on 4th day of selling.......

2012-01-31T11:02:00.000-08:00

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

Impressive close today.......NICE !!!!

2012-01-30T19:04:00.000-08:00

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

Indices coming back after morning selling.......

2012-01-30T11:03:00.000-08:00

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

Monitor risk / reward of your portfolio ?

2012-01-29T08:58:00.000-08:00

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

Dow & S&P 500 closed lower again, Nasdaq shines........

2012-01-27T14:47:00.000-08:00

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

Nagative close in all indices......

2012-01-26T19:26:00.000-08:00

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

RVBD beats in Sales & EPS, but guiding down in Q1...Stock drops sharply..

2012-01-26T14:42:00.000-08:00

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

Bought RVBD & OTEX.....

2012-01-26T12:34:00.000-08:00

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

Dow fighting selling pressure, S&P 500 & Nasdaq fell on profit taking.....

2012-01-26T11:11:00.000-08:00

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

SOLD AMZN,RVBD & CLF.......based on RSI....

2012-01-26T07:30:00.000-08:00

Sold AMZN, RVBD,& CLF......

Left with RIMM..which i could have sold also.....

Market grossly overbought...

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .64% to 1.14%.......NICE !!!!!

2012-01-25T19:04:00.000-08:00

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

All Indices UP......NICE !!!!!

2012-01-25T11:24:00.000-08:00

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

Mixed close.....

2012-01-24T19:52:00.000-08:00

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

Indices slightly lower......

2012-01-24T12:07:00.000-08:00

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 closed UP today......NICE !!!!!

2012-01-23T19:36:00.000-08:00

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

Indices down .02% to .13%......

2012-01-23T11:10:00.000-08:00

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

What is CMF, VIX, RSI trying to tell us ?

2012-01-22T09:58:00.000-08:00

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

Impressive close today.......NICE !!!!

2012-01-20T14:23:00.000-08:00

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

Indices closed UP .36% to .67%.......NICE !!!!

2012-01-19T18:53:00.000-08:00

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

Sold majority of my portfolio, based on high RSI.....

2012-01-19T07:09:00.000-08:00

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

Indices closed UP .78% to 1.53%......NICE !!!!!!

2012-01-18T19:12:00.000-08:00

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

Indices making higher highs, UP .47% to 1.17%....NICE !!!!!

2012-01-18T11:20:00.000-08:00

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

Indices closed UP, making higher highs ......NICE !!!!!

2012-01-17T19:42:00.000-08:00

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

Chinese GDP growth of 8.9% lifts market......NICE !!!!

2012-01-17T11:26:00.000-08:00

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

S&P downgrade of Europe not a game changer......

2012-01-15T11:08:00.000-08:00

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

Constructive close today....NICE !!!!

2012-01-13T16:43:00.000-08:00

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

Indices closed UP .17% to .51%.......NICE !!!!!

2012-01-12T19:41:00.000-08:00

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

Nasdaq green AGAIN......NICE !!!!

2012-01-12T11:19:00.000-08:00

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

Mixed close today.......

2012-01-11T20:05:00.000-08:00

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

Indices Mixed.......

2012-01-11T11:41:00.000-08:00

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

Indices closed UP .56% to .97%.....NICE !!!!

2012-01-10T19:20:00.000-08:00

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

Indices UP .55% to .91%....NICE !!!!!

2012-01-10T11:22:00.000-08:00

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

Indices closed UP .09% to .27%.......NICE !!!

2012-01-09T19:31:00.000-08:00

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

indices green......NICE !!!!

2012-01-09T11:06:00.000-08:00

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

Is VIX telling us something ?

2012-01-08T09:02:00.000-08:00

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

US excellent jobs data got hijacked by European issues......

2012-01-06T15:09:00.000-08:00

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

Impressive close today.......NICE !!!!

2012-01-05T19:58:00.000-08:00

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

Euro @ lowest level & US markets UP 3 day's in a row....NICE !!!!

2012-01-05T11:29:00.000-08:00

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

Constructive close today....NICE !!!!

2012-01-04T19:13:00.000-08:00

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

So far, Dow maintaining "golden cross"......NICE !!!!!

2012-01-04T11:04:00.000-08:00

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

Indices closed UP 1.47% to 1.71% on upbeat economic data.....NICE !!!!

2012-01-03T19:07:00.000-08:00

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

Indices UP 1.65% to 1.69% on positive data from Germany & China....NICE !!!!!

2012-01-03T11:19:00.000-08:00

Germany & Chinese economic data is giving a huge lift to Indices all over the world.

2012 is off to a very good start.

Internals are positive by about 3 to 1.

New 52 wk highs are in the lead, with 204 in NYSE & 71 in Nasdaq

S&P 500 high so far is 1284.62, next resistance to take out is 1292.66, RSI 60.44

Oil UP $3.66

Gold UP $32.70

Canadian $ UP 79 tick @ 98.94

VIX Down 1.71% @ 23.00, muted reaction so far?????

In my portfolio :

Sold SNDK

Bought AMZN @ $177.22

Bought FIO @ $26.95

Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD

Here is my current (real time) portfolio weighting :

AMZN 24.14%

RIMM 19.21%

LVS 19.02%

M 15.36%

RVBD 12.41%

FIO 9.86%

Market exposure 106%

Most stocks are UP

@ 2.15 following are RED :

SNDK,COH,VMW,BWLD,MA,ARUN,ULTA,
SBUX,BJRI......

BLOG does NOT give buy or sell.

Saleem

2011 is in history book.......

2011-12-30T16:30:00.000-08:00

2011 just ended with the following statistics to ponder :

Dow UP 5.5%

S&P 500 unchanged

Nasdaq Down 1.8%

Gold UP 10%, UP 11 years in a row

Silver UP 9.8%

Crude Oil UP 8.2%

Copper Down 23%

EEM Down 20% ( Emerging Markets)

VIX UP 31.8% (Fear Index)

US$ Index UP 1.3%

It is NOT 2011, we have to worry now, its history.

We all had good, bad & ugly in our portfolio.

Now the question is about 2012, what will it be ?

Based on how we closed today, does not offer much hope.

We all are trying to convince our self that, this is low volume & does NOT give an accurate picture. From Tuesday on will be real deal.

I have a "strange feeling" that Tuesday onwards will be a continuation of where we left off today.

In case we have forgotten, we are @ the "top end" of our trading range, a journey towards 1200 can come very quickly.

S&P 500 closed below 200 DMA today......

CMF is negative in all indices & getting steeper.

S&P 500 & Dow is forming Head & Shoulder pattern in Daily, which is never a good sign.

The only bright spot is Dow, which is 12.28 points away from forming a "golden cross"

What i have done is lightened UP considerably today, reducing my exposure by 43% in two day's. I have booked profit in all three trades.

Sold CNQ, LULU

Sold 75% RIMM

Portfolio is LVS,M,RIMM,RVBD,SNDK.....

Here is my $ weighting as of tonight :

SNDK 27.72%

LVS 21.06%

RIMM 20.42%

M 17.22%

RVBD 13.58%

I am doing my individual read on the market, which may be totally incorrect. I still have 96.5% of my neutral mode exposure.When i am super bullish, i increase my exposure.

Please do your OWN analysis of this market & your OWN read of the stocks you OWN.

PS.....Next BLOG posting will be on Tuesday Jan 3rd, 2012 around 2 PM.

Have a Happy & prosperous 2012.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .92% to 1.12%.....NICE !!!!

2011-12-29T19:48:00.000-08:00

Indices closed near best level of the day.

S&P 500 closed @ 1263.02, which is above 50 & 200 DMA.

Nasdaq still below 50 DMA which is @ 2615.02, while Nasdaq closed @ 2613.74

Internals of the markets were :

UP volume led by 11.29 to 1 in NYSE & 5.76 to 1 in Nasdaq

Advancing stocks led by 3.73 to 1 in NYSE & 2.49 to 1 in Nasdaq

VIX closed down 3.66% @ 22.66

Oil closed UP @ $99.65

Gold closed Down @ $1540.90

Stocks which closed UP 1% or more included CNQ,RVBD,
AUY,COH,GG,SU,VMW,FFIV,SLW,VRM,MA,TSL,TLM,
MS,CIEN,FNSR,C,CRUS,ARUN,WYNN....

CMF is negative gain in all indices, S&P 500 is most negative @ 0.064.

Yesterday's TAPE was a major let down to my bullish thesis. Today's recovery in stock prices was muted @ best. Do not know what to make of last 48 hrs, but it has raised a big question mark in my mind as to the real health of current TAPE.

SO, Friday is the last day of the month, quarter & year, how it will end, i am not sure.

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP.

BLOG does NOT give buy or sell.

Saleem

Indices UP .74% to .92%.......NICE !!!!

2011-12-29T11:22:00.000-08:00

Indices are UP on routine bond issuance by Italy, which was made a "big deal" yesterday, to sell fear & push markets down ?

10 yr bond fetched below 7%......

Internals are positive by minimum 2 to 1

Oil UP 35 cents

Gold Down $19.20

Canadian $ UP 28 tick @ 97.90

VIX down 2.81% @ 22.86

In my portfolio :

Sold APKT

Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK......

Most stocks are UP

@ 2.20 following are down :

APKT,LULU,M,AMZN,BIDU,NTES,LDK,SOL...

BLOG does NOT give buy or sell.

Saleem

European news was positive, but market tanked on euro & Italian 10yr auction ??

2011-12-28T19:16:00.000-08:00

Today's TAPE was more than "freakish" or simply "manipulated" by those "who could".

Italy's auction today was "oversubscribed" & interest rate came in @ 3% vs expected 6%.....

European Banks made deposit of $452 billion Euros with ECB, ECB is now sitting with 2.73 trillion Euros...sign of good liquidity.....

BUT our HFT & know it all trashed the market on euro going below 1.30, not a news as it had dipped way below to 1.20 area in past life...but news is manufactured on Wall Street all the time ....

Indices went through many technical damage on no real news?

S&P 500 below 200 DMA

Nasdaq below 50 DMA

DOW is still above 50 & 200 DMA & is ready to make a "golden cross"...watch out ABOVE

CMF was barely negative in S&P 500, but its green in Dow & Nasdaq

NOW...we all have to panic for Italian auction tomorrow Worth 8.5 billion euros for 3, 7 & 10 yr auction....by the way 10 yr Italian bond was @ 7% today...below its high of 7.5%.....

US jobless claims should be good again, below 400K, that should offset European manipulation ?

@ close market was down 1.14% to 1.34%

Gold is breaking down big time, prediction is rampant for $1200 to $1250 per ounce?

AH Futures UP

AH Asian Markets Mixed, Shanghai UP slightly

AH Gold down another $8.20 @ $1555.90

BLOG does NOT give buy or sell.

Saleem

Indices down 1.04% to 1.14%......

2011-12-28T11:51:00.000-08:00

Indices are down on the news of Euro being below 1.30 to 1.2949.

Europe seems to be the excuse today, although Italian Bond auction went very well @ lower interest rate.

Internals are negative by 4 to 1.

Gold Down $35.10

Oil Down $1.83

Canadian $ Down 45 tick @ 97.68

VIX UP 6.48% @ 23.33, still below critical 24+ area

In my portfolio :

Doubled SNDK @ $49.84

Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....

Here is my $ weighting about 30 mts ago :

RIMM 20.00%

LULU 16.19%

SNDK 15.76%

LVS 11.93%

CNQ 10.07%

M 9.96%

APKT 8.39%

RVBD 7.70%

Most stocks are down

@ 2.47 following are UP :

M,CMG,BIDU,GOOG,CRM,JCP,SOL,WWWW....

Just completed my 2011 Stock transactions, it was much better than 2010. Still ended with a loss of 3.8%.......

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed on tax loss selling.....

2011-12-27T19:13:00.000-08:00

Today was the last day to book loss or gain for most traders, only mutual funds can play around with this deadline.

All indices did go to higher highs, but Dow closed slightly lower.

S&P 500 & Nasdaq closed green.

Internals of the market were mixed.

New 52 wk highs were in the lead with 200 in NYSE & 56 in Nasdaq

S&P 500 closed @ 1265.43, high today was 1269.37. RSI 58.95

This is the-most stability i have seen in S&P 500, maybe sign of good things to come.

VIX closed UP 5.69% @ 21.91

Oil closed UP @ $101.34

Gold closed Down @ $1595.50

Stocks which closed UP 1% or more included RIMM,LULU,LVS,
CMG,WYNN,VMW,MPEL,CRM,GOOG,BWLD,FNSR,WWWW.

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

PS...IF visitors to the BLOG can post their weighting of stocks of entire portfolio, that will help many who may consider evaluating for buying purposes. Even those traders who replace many stocks next day.No portfolio is good or bad, its the year end performance which matters.

Saleem

Higher highs in all indices......NICE !!!!

2011-12-27T11:12:00.000-08:00

Indices are gradually moving UP, making higher highs.

Internals are mixed.

Oil UP $1.47

Gold Down $12.60

Canadian $ UP 2 tick @ 98.12

VIX UP 5.45% @ 21.86 ?

Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK...

Most stocks are UP

@ 2.00 following are down :

APKT,RVBD,SNDK,AUY,GG,MGA,FCX,AGU,BIDU,
SLW,MA,V,MS,JCP,TCK,TSL,JKS,NTES,ULTA,SOHU,
LDK,SOL,PWRD,EGO,ABX,AEM,GS,IBN.....

PS.....Please remember today is the last day to book gains or losses for 2011, As i am expecting 2012 to be better, plan your trades accordingly today....

BLOG does NOT give buy or sell.

Saleem

What has changed for the markets ?

2011-12-25T11:34:00.000-08:00

Many HFT & retail are wondering what has changed, that markets are beginning to show strength.

Market strength is obvious based on back to back higher highs.

VIX has collapsed to 20.63.

As 2011 has taken a toll for all investors & have lost tremendous equity, many are wondering about the current strength of this market.

Markets have gone through entire 2011, dealing with US economic weakness, European debt mess & Chinese multiple tightening of bank reserve. India was also fighting runaway inflation with multiple increases of reserve requirement.

IF we take a look @ each of the above issues, there is a "change in the air"

-US economy not only has a pulse but it is coming back nicely. Unemployment claims are @ its lowest level in over 3 years. GDP could grow to 3% in 2012.

-Republican politicians had to back off & were forced to honour their "agreed compromise"...that is a "change, we all CAN live with"

-Europe is missing many headlines like Greece, Italy, Spain.

-European Banks are getting a helping hand from ECB to the tune of almost 500 billion Euros, that is serious money.

-European government have reached an agreement to enact "budgetary discipline"

-Chinese economy is slowing but inflation pressure is easing, reserve requirement are being lowered. Chinese economy should grow @ a healthy clip of 7%.

-India is also dealing with slowing economy & inflation pressure, which may be on the verge of tipping lower. First time India, did not raise its Bank reserve requirement @ last meeting. India is expected to grow its GDP @ 5%

IF we have that many "positive developments", market is reflecting that.

Some other CHANGE that may be coming are :

-High cash position of HFT & Mutual Funds. This should be deployed as confidence builds up in markets.

-Highest weighting in high dividend stocks may be tipping over to GROWTH.

-New allocation may find its way to stocks in 2012.

All in all, there are many positive catalysts which is playing a "major role" in market performance.

FEAR is subsiding as reflected in VIX.

IF all of the CHANGE is real, then we could be looking @ 2012 as a "major rebound year"

IF 2012 is a rebound year, you could be looking @ serious & SUSTAINED move UP in stock prices.

When there is a sustained move UP, then many stocks make series of new highs.

Make sure, you are in high growth strong names which has wide following.

Looks like 2012 could be the year, we all have been waiting for...... since 2008.

BLOG does NOT give buy or sell.

Saleem

Indices closed above key technical levels.....NICE !!!!

2011-12-23T13:53:00.000-08:00

Indices are looking technically strong....

All indices closed near HIGH of the day....

Indices closed UP .74% to 1.02%

Nasdaq above 50 DMA

S&P 500 & Dow well above 50 & 200 DMA

CMF flashing green in all indices

RSI are sloping north as listed below :

Nasdaq 53.22

S&P 500 58.93

Dow 61.02

VIX Down 2.03% @ 20.73...looking very good for stocks.....

Oil UP 32 cents @ $99.85

Gold Down $2.50 @ $1608.10

In my portfolio :

Added 75% RIMM @ $13.90

Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....

Here is my $ weighting as of tonight :

RIMM 20.93%

LULU 17.71%

LVS 13.10%

CNQ 11.13%

M 10.52%

APKT 9.34%

SNDK 8.69%

RVBD 8.58%

Today was the last day to book gains or losses in Canada, Tuesday is last day in US.

Market closed on Monday. Canada closed on Monday & Tuesday......

Next BLOG posting by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Merry Christmas to all visitors !!!!

Saleem

Indices closed UP .51% to .83%......NICE !!!!!

2011-12-22T19:25:00.000-08:00

Indices closed near HIGH of the day.

VIX closed Down AGAIN.

S&P 500 closed @ 1254.00, 200 DMA is 1259.38 which is all set to be conquered & then some in few hours.

RSI @ 56.42

A major change is happening in CMF picture, it was negative since end of November for all indices.

S&P 500 CMF reading which went negative by .20+ @ its low, which almost matched low point in the last 5 months......NOW it is barely negative -0.018.....

Nasdaq CMF is also barely negative -0.012

DOW CMF is POSITIVE +0.017

I see this as "major shift" in the sentiment & money flow.......

Generally when CMF is positive, it becomes a multi month phenomenon......let us hope, that we are on the "verge of something BIG"

@ the same time, Jimmy the Cramer is "telling his loyal followers" that Tech & Bank stocks are dead" This is an "extremely RELIABLE CONTRARY indicator"...in simple English, TECH & Financials should outperform everything......he needs "medical intervention" or taken off CNBC.......whichever comes first.....

Stocks which were UP 1% or more included LULU,RIMM,APKT,CNQ,RVBD,SNDK,
CLF,AMZN,FCX,AGU,PCLN,MOS,BIDU,
VMW,SU,FFIV,JKS,TSL,TCK,MS,JDSU,
CIEN,FNSR,ARUN,CRUS,MU,C,BAC......

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

Indices UP .50% to .80% on third day of UPtrend......NICE !!!!

2011-12-22T11:15:00.000-08:00

Indices are building on their strength, UP for third day in Dow & S&P 500.

Internals are positive by minimum 2 to 1.

Gold Down $3.30

Oil UP $1.30

Canadian $ UP 59 tick @ 97.96

VIX Down 1.77% @ 21.05...keeps going down to multi-month low....

Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....

Most stocks are UP

@ 2.08 following are RED :

LVS,M,AUY,COH,GG,CMG,ZNGA,OCZ,
SLW,BWLD,CRM,MA,V,ULTA,ABX,AEM,
BJRI,KOG....

BLOG does NOT give buy or sell.

Saleem

Constructive close today....NICE !!!!

2011-12-21T19:13:00.000-08:00

Indices were down in triple digits, thanks to RETHINK of why we went UP yesterday.

Europe seems to hold key on a daily basis & sometimes on an hourly basis.

I can assure you, this is NOT how market trades ever. This is a major departure of trading thesis. Europe seems to have taken over every traders mind & exhibits instant fear of total disaster.

Maybe, there are enough brave souls out there, who are trying to be "un-nerved" by REVERSAL of same news day after day.

By close of the day, even Nasdaq recovered in a big way, while Dow & S&P 500 closed GREEN. Yes we closed green on hysteria created by ORCL, saying that next 6 months Tech expenditures are in jeopardy.......

In this selling mayhem, VIX tumbled 7.92% & is siting @ lows of many months @ 21.38...

Oil closed @ $98.67

Gold closed @ $1613.60

S&P 500 closed @ 1243.72, after dipping to 1229.51, next resistance is 1259.59 which is 200 DMA. RSI is @ healthy 54.06.....i will be careful around 60 area, given all the gyrations.

Back to RIMM, which had the highest volume of 75.43 million shares today, on Friday after ER it had volume of 66.61 million shares, average volume is 22.18 million shares. Logical question IS, why so many buyers are lining UP when most analysts were 100% sure that RIMM is an $8 stock. One analysts with $8 target, even today told all faithful to sell immediately on this slight UPTICK as there is no chance of a takeover.....today RIMM was UP 10.06% when most techs were down 7% to 9%......

RIMM had a rare POSITIVE note today from Think Equity analyst, who upgraded RIMM to BUY from HOLD.He believes any takeover will be around $25. For the record Microsoft / Nokia & Amazon had shown interest in takeover of RIMM......

Here is my $ weighting as of tonight :

LULU 19.20%

LVS 14.64%

RIMM 13.41%

CNQ 12.19%

M 11.85%

APKT 10.17%

SNDK 9.37%

RVBD 9.17%

As you can clearly see, that i am well diversified in many "beaten down stocks"..which is the only way to be in "uncertain markets"

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

Indices down .35% to 1.76%, thanks to ORCL ER.......

2011-12-21T11:33:00.000-08:00

Nasdaq is taking on the chin after ORCL ER which missed expectations. There was concern on European Tech spending which is being pushed out.

S&P 500 & Dow are doing relatively better.

Internals are negative, worse in Nasdaq

Oil UP $1.58

Gold Down $2.30

Canadian $ UP 27 tick @ 97.44

VIX Down 3.79% @ 22.34...going down in a hurry, lowest level in months....

In my portfolio :

Doubled my position in APKT @ $31.39

Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....

Most stocks are down

@ 2.25 following are UP :

RIMM,CNQ,LVS,M,AUY,COH,AGU,BWLD,JCP,
SOL,JKS,CCJ,CMG,KOG,IBN,GS,SNE.....

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 2.87% to 3.19% on high volume.......NICE !!!!

2011-12-20T18:52:00.000-08:00

Indices were strong from open & closed near high of the day. Volume was higher.

Here is the technical picture of indices :

Dow above 50 & 200 DMA

S&P 500 above 50 DMA, but below 200 DMA

Nasdaq below 50 & 200 DMA

Next resistance for S&P 500 is 200 DMA which is @ 1259.97, closed @ 1241.30

Tonight IBD is saying " markets in confirmed UPTREND"......last time when S&P 500 went from 1158.66 to 1267.06, an UP move of 108.48 points or +9.36%, IBD insisted "markets in correction"........

Internals of the markets were :

UP volume led by 36.91 to 1 in NYSE & 13.75 to 1 in Nasdaq

Advancing stocks led by 7.0 to 1 in NYSE & 4.77 to 1 in Nasdaq

VIX closed down 6.82% @ 23.22

Oil closed @ $97.22

Gold closed @ $1617.60

AH ER :

ORCL Down 9.02%

OPEN Down 2.86%

PAYX Down 1.62%

NKE UP 2.96%

Stocks which were UP 3% or more included APKT,CNQ,LVS,LULU,M,RVBD,SNDK,
AUY,BIDU,CLF,COH,PCLN,FCX,MOS,
AAPL,CMG,NTES,FFIV,SLW,MA,JKS,
TCK,MS,CIEN,FNSR,JDSU,CRUS,ARUN.......

AH RIMM was UP $1.28 or 10.22% with heavy AH volume of 2,651,154. Reuters reported that several outfit approached RIMM for takeover which was rebuffed by RIMM management.
AMZN was mentioned as one of the suitor this summer.

As you can all recall that media, analysts have degraded RIMM to PALM level in their thesis & boasted as to why anybody will takeover RIMM as they implied, that there is NO VALUE.
I am sure those analysts were heavily short RIMM, & were covering like crazy in AH.....FACTS always speaks louder than words.......

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

Indices UP 2.60% to 2.84% in deeply oversold bounce.......

2011-12-20T11:08:00.000-08:00

Indices are UP sharply, after being deeply oversold in last 8 day's.

Internals are positive by minimum 4 to 1.

Oil UP $3.42

Gold UP $20.50

Canadian $ UP 78 tick @ 97.08

VIX Down 7.1% @ 23.15..lowest level in months

In my portfolio :

Bought APKT @ $31.20

Portfolio is APKT,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....

Most stocks are UP

@ 2.08 following are red :

RIMM.....

BLOG does NOT give buy or sell.

Saleem

Indices closed down .84% to 1.26% in lowest volume.......

2011-12-19T19:24:00.000-08:00

Indices followed a "familiar pattern" by opening higher & closing near lows of the day.

S&P 500 low today was 1202.37, closing @ 1205.35...RSI 44.28

Internals were :

Down volume led by 9.96 to 1 in NYSE & 5.73 to 1 in Nasdaq

Declining stocks led by 3.67 to 1 in NYSE & 3.28 to 1 in Nasdaq

New 52 wk lows were in the lead, 117 in NYSE & 157 in Nasdaq

All of the above in extremely low volume ?

VIX closed UP 2.59% @ 24.92

Oil closed @ $93.38

Gold closed @ $1596.70

AH RHT Down 8.36%, S UP 6.48%

As to the market analysis, we are due for a technical rebound, after being sold from 1267.06 to 1202.37. We went down 64.69 points or 5.11% in 8 trading day's.......

In this technical bounce, i am expecting us to go through 50 DMA which is 1229.77, then to 1256 area...this will be a gain of 4.49%...it will be PRUDENT to reduce exposure in that area...I am CERTAINLY planning to do just that....i am expecting a very difficult & grinding many months, until end of Sep 2012.

I also try to do comparative analysis, especially on my "most speculative" position which is RIMM, & see IF it can be kept until "profit objective is achieved"

Here is how RIMM is stacking up as of tonight, from Yahoo Finance latest consensus numbers :

AAPL EPS $34.76, Price $382.21 PE 11.00

NOK EPS 33 Cents, Price $4.51 PE 13.67

RIMM EPS $3.32, Price $12.89 PE 3.88

I am hoping that, with time & few good news, RIMM PE will expand towards competitors.

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

S&P 500 lower low of 1209.41 on same old same old......

2011-12-19T11:17:00.000-08:00

S&P 500 made lower low today of 1209.41.

Reason for market weakness, continues to be the same old European debt issues.

Oil UP 35 cents

Gold Down $1.50

Canadian $ UP 22 tick @ 96.53

VIX UP .66% @ 24.45

Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....

Most stocks are down

@ 2.10 following are green :

LULU,CMG,AAPL,AMZN,PCLN,AGU,V,
BWLD,CRUS,LDK,SOL.....

BLOG does NOT give buy or sell.

Saleem

Last week for markets to rally or not ?

2011-12-18T09:21:00.000-08:00

This market has been a "huge disappointment" all year.

Trend was uncomfortably negative all year.....

We are sitting @ negative return in all indices...

There is plenty of blame to go around for negative return as listed below :

-Europe debt crisis & lack of resolution.

-US political gridlock

-Chinese slowdown

-India slowdown

-European economies in recession

Based on most experts, who know European debt crisis, they expect continuation of that until 2013.

US political gridlock to continue until election.

Chinese slowdown to continue in 2012

Indian slowdown to continue in 2012.

Europe recession in full swing in 2012.

So, all of the above does not bode well for first half of 2012.

Based on recent past, current pattern of narrow trading range to continue into first half of 2012.

In S&P 500, range has been established between 1120 to 1270, currently we are @ 1219.66....

Now, we are entering last 5 trading days before holiday's. I do not expect much in the week of Dec 26th........

Most Hedge Funds have realized that, next six months, stock markets will remain in doldrums. HFT are resigned to playing it safe with 2% return in Fixed income with "no risk".

Market verdict on European agreement, Fed statement has been negative. Year end buying has been missing so far. New allocation for 2012 may not happen until later half.

Nasdaq is the-weakest amongst all indices, which could be the result of economic weakness worldwide. Nasdaq is well below 50 & 200 DMA.

Dow is the-best behaving, it is above 50 & got above 200 DMA on Friday, but closed below 200. Drugs & other sectors are contributing to its strength.

There has been extended period where markets went nowhere fast.

I sat through one period when Dow went from 1020 in Dec 1972 to Nov 1974 Dow went to 618.66, then slowly it worked its way UP to Aug 1982 to find a bottom......then broke even in 1982 after 10 years....Now Dow sits @ 11,866 after 29 years..a gain of 1200% in 29 years..annual return of 41.38%.

SO..IF you can "clearly see" long term potential of Dow from hereon with a sloppy six months ahead, then it may be worth the wait.....

I am not expecting much in next six months, same old news & same old TAPE....

Good luck with your OWN comfort level & market analysis.

BLOG does NOT give buy or sell.

Saleem

Mixed close on Quad witching day.......

2011-12-16T14:41:00.000-08:00

Indices were quite for two day's, which is strange, as it was quadruple witching Friday.

You almost had the FEEL of a long weekend before Christmas, but that is next week?

Internals of the market were :

UP volume led by 1.93 to 1 in NYSE & 1.44 to 1 in Nasdaq

Advancing stocks led by 1.67 to 1 in NYSE & 1.16 to 1 in Nasdaq

VIX closed down 3.27% @ 24.29

Oil closed Down @ $95.53

Gold closed UP @ $1587.90

Stocks which were UP 1% or more included CNQ,LVS,RVBD,
AUY,GG,TCK,MOS,WYNN,PCLN,MPEL,SLW,BWLD,JKS,
V,FNSR,WWWW,KOG,SWC......

Here is my portfolio weighting with all the UPS & DOWN :

LULU 21.46%

LVS 16.03%

RIMM 14.82%

CNQ 13.46%

M 13.00%

RVBD 10.67%

SNDK 10.56%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed green...NICE !!!!

2011-12-15T19:54:00.000-08:00

Indices closed green, which is a major victory in current negative environment.

Internals were mostly positive as follows :

Up volume led by 1.78 to 1 in NYSE & .99 to 1 in Nasdaq

Advancing stocks led by 1.68 to 1 in NYSE & 1.44 to 1 in Nasdaq

VIX closed down 3.57% @ 25.11

Oil closed @ $93.87

Gold closed @ $1577.20

Stocks which closed green included CNQ,LULU,M,RIMM,
CLF,PCLN,NTES,FFIV,BWLD,GOOG,TSL,AMZN,JCP
FNSR......

ER were greeted as follows :

ADBE UP 5.56%

ACN Down 2.55%

DECK Down 9.55%

RIMM Down 7.53%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

RIMM Results mostly lower than expectations.......

2011-12-15T15:32:00.000-08:00

RIMM reported Q3 :

Sales actual $5.17 billion vs expectations of $5.27 billion, a miss

EPS actual $1.27 vs expectations of $1.19, a beat

14.1 million units sold

Guidance for Q4 :

Sales $4.6 billion to $4.9 billion vs expectations of $5.12 billion, a miss

EPS 80 cents to 95 cents vs expectations of $1.18, a miss

Unit projection 11 million to 12 million vs expectations of 13.1 million, a miss

Blackberry 10 now expected end of 2012 vs previous expectations of middle 2012, a delay

Software upgrade for blackberry Playbook 2.0 coming in February, as expected.

RIMM down AH $1.04 last trade @ $14.09

In order to evaluate RIMM "objectively"......looks like RIMM will earn $3.20 cents for next four quarters. I am taking their low end of EPS guidance of 80 cents X 4 quarters = $3.20

IF RIMM is trading @ $14.09 divided by $3.20, we have a forward PE of 4.40....for a "turnaround company"

Conference call was very UPBEAT !!!!

BLOG does NOT give buy or sell.

Saleem

Indices still green, on improving US economic picture....NICE !!!!

2011-12-15T11:13:00.000-08:00

Indices are green, after many US economic data were better than expected.

Gains are muted so far, as many so called pundits are short this market. They will only cover when they see serious losses.

We know for sure, that all Jimmy the Cramer followers are out of this market as he told them to cash out yesterday @ lows of the day. He is the-best contrary indicator of all times. Even Fast (PANIC) Money were all bearish.....nice way to know when turn is imminent......

Internals of the market are positive.

Gold Down $12.50

Oil Down 90 cents

Canadian $ UP 47 tick @ 96.69

VIX Down 6.37% @ 24.38...best proof that year end rally @ hand.

In my portfolio :

Added 110% CNQ @ $33.67

Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK

Here is my current portfolio weighting :

LULU 21.09%

RIMM 16.37%

LVS 15.55%

M 13.11%

CNQ 12.97%

SNDK 10.48%

RVBD 10.43%

Extremely disappointed with thousands of analysts, who are extremely negative on RIMM, could NOT make new 52 wk lows today. They are losing their collective power...they had 16 million shares traded so far but no new lows?? maybe they will try again near close........or AH ?

RIMM reports tonight, which will be a non event. Only part in guidance which will be of any consequence will be their handset Sales for Q4...genius on wall street have it @ 12 million units....

Most stocks are UP

@ 2.04, following are RED :

LVS,RIMM,RVBD,SNDK,BIDU,COH,CMG,
APKT,OTEX,GS,FCX,MOS,VMW,QCOM,CRM,
ARUN,SLW,SU,AEM.....

BLOG does NOT give buy or sell.

Saleem

Another disappointing close .......

2011-12-14T19:14:00.000-08:00

Indices closed down 1.08% to 1.55%.

Close was disappointing because, there was no real news, except hyper-focus on bond yield in Italy & US......Italian bond yield is less than 7%, but it is being viewed as if it never hit that high. High was close to 7.5% a month back?????

S&P 500 closed two points higher than low of the day.....

Internals of the markets were :

Down volume led by 3.67 to 1 in NYSE & 6.19 to 1 in Nasdaq

Declining stocks led by 2.62 to 1 in NYSE & 2.12 to 1 in Nasdaq

New 52 lows were in the lead again, 101 in NYSE & 135 in Nasdaq

Internals were not bad, considering media negativity.

Jimmy the Cramer is "afraid" of this market, suggesting selling when S&P was 4 points above lows of the day. He wants his followers to book loss near lows?

Oil closed down @ $94.95

Gold closed down @ $1586.90

AH LRCX buying NVLS

LRCX down 4.05%

NVLS UP 20.12%

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold down again, currently down $13.20 AH

Chinese Flash PMI for December came in @ 49, this survey is from HSBC. November was @ 47.7. The rate of decline is much less from Oct to Dec vs Oct to Nov........

BLOG does NOT give buy or sell.

Saleem

Indices down .86% to 1.36% on Bond auctions.....

2011-12-14T11:40:00.000-08:00

First it was Italian bond auction which caused selling, now US bond fetched the-lowest rate, so we go down again........

S&P 500 went to 1209.83 @ lows of the day, currently @ 1213.38. 50 DMA is 1226.27 which needs to be conquered to declare any victory for bulls.

RSI @ 46.19

Internals are negative by minimum 2 to 1

Oil Down $4.97

Gold Down $80.20

Canadian $ Down 56 tick @ 96.19

VIX UP 3.38% @ 26.27

Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....

Most stocks are down

@ 2.38 following are green :

M,GE,PFE,V,JCP,PWRD,NYX......

BLOG does NOT give buy or sell.

Saleem

Disappointing close today, on no real news......

2011-12-13T18:50:00.000-08:00

Close today can be described as disappointing, there was "no earth shattering news" to account for this weakness. Retail sales came in slightly below expectations.

Technical picture of this market is also looking all mixed up @ today's close.

Dow is above 50 & 200 DMA....RSI 52.06

Nasdaq is below 50 & 200 DMA....RSI 47.18

S&P is below 200 DMA, but is above 50 DMA.......RSI 48.80

Even RSI numbers are all over......

One more day of negative close & we may have most indices showing technical weakness.

Internals of the market are as follows :

Down volume led by 4.58 to 1 in NYSE & 4.33 to 1 in Nasdaq

Declining stocks led by 2.49 to 1 in NYSE & 2.95 to 1 in Nasdaq

New 52 wk highs are leading in NYSE & new 52 wk lows are leading in Nasdaq

Generally, i dont see such an extent of mixed picture ?

VIX closed Down 1.01% @ 25.41, everybody has a theory for this divergence ?

Oil closed @ $100.14..a bullish picture

Gold closed @ $1663.10... a bearish picture

S&P 500 low today was 1219.43....this needs to hold, otherwise we go lower...Today's downdraft CAN be attributed to early "quad witching Option expiry" squaring off?

So far, two of my four "optimistic theory" has been knocked out. First neutral reaction to European agreement & now no Fed boost. I am left with last two "optimistic theory", first seasonal strength & under allocation by many. IF last two does not pan out, it will be WISE to sell in January & go away ?

In my portfolio :

Sold BIDU

Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK

RIMM reports AH on Thursday, every single analysts have lowered their opinion of RIMM & some are predicting $10 price target .......pessimism cannot be more pronounced.... with an earning power of almost $4 for next 12 months, it is a very compelling "speculation"...trading @ forward PE of 3.90..market cap of $8.11 billion......

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down.....Gold is down AH another $25.10 @ $1638.10..sign of deflation is in the air ?

BLOG does NOT give buy or sell.

Saleem

Fed statement erased all gains, indices mixed now......

2011-12-13T12:04:00.000-08:00

Fed said " economy has been expanding moderately", "some apparent slowing in global growth"

These word of wisdom did not translate into positive action in markets, markets are mixed currently.

Gold Down $11.20

Oil UP $2.36

Canadian $ Down 45 tick @ 96.88

VIX Down 2.88% @ 24.93 ?????

Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....

Most stocks are down

@ 2.56 following are green :

SNDK,APKT,SU,GOOG,MS,IBN....

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.31% to 1.49%, on risk off trade......

2011-12-12T19:38:00.000-08:00

Indices were under pressure from open, as both Fitch & Moody's ran a coordinated assault on European agreement, threatening future downgrades & saying that Europe is in trouble for entire 2012.

I have repeatedly said, that European leaders have shown real leadership & vision by agreeing to fiscal discipline. Ironically no such leadership or discipline currently exists in US deficit reduction ?

S&P 500 went to 1227.25 @ lows of the day, but fought its way back to close @ 1236.47.

Internals @ close were :

Down volume led by 11.18 ro 1 in NYSE & 4.94 to 1 in Nasdaq

Declining stocks led by 3.92 to 1 in NYSE & 2.60 to 1 in Nasdaq

Volume was below average

VIX closed down again by 2.69% @ 25.67, lowest level in a while.

Oil closed @ $97.77

Gold closed @ 1668.20

Tomorrow, it is all about Fed statement @ 2.15 PM, i expect a "change" in language. Fed should give a "kick start" to year end rally.

AH futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

Saleem

Indices down 1.78% to 1.98%, on renewed negativity.......

2011-12-12T10:53:00.000-08:00

Indices are down sharply on many reasons, Moody's is renewing its negative take on European deal, INTC revenue warning is added concern today.

Due to Thailand flood, expect many companies to warn.......

European countries have made substantial progress last week, which is being ignored today by organized negativity?

S&P 500 went to 1227.25 @ its low point so far......

RSI @ 49.91

Internals are negative by 5 to 1

Oil Down $1.45

Gold Down $48.20

Canadian $ Down 1.04 cent @ 97.39..due to risk off

VIX UP 3.64% @ 27.34..pretty tame, good for stock bulls......

Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK....

Most stocks are down

Inverse stocks are UP

BLOG does NOT give buy or sell.

Saleem

Are we entering the-best eight weeks to be in market ?

2011-12-11T09:37:00.000-08:00

Next eight weeks could be the-best time to be in market?

Based on history, psychology, world economy, under-exposure......it could be !!!

Q4 / end of the year / end of the month / end of the Q, are all converging.

Till Friday, many participant were not sure as to European outcome, most were expecting failure.

Now that we have a "perception" that Europeans are united in their desire to deal with budgetary discipline, we MAY have entered a new phase in markets.

S&P 500 closed @ 1255.19, which is well above 1225 previous resistance area.

S&P 500 can move through these targets in next eight weeks :

- First target 200 DMA 1263.32

- Second target 1277

- Third target 1292

- Fourth target 1344

- Fifth target 1356

- Sixth target 1370

In next eight weeks, markets strength will determine how many targets we go through.

There are many catalysts in the next eight weeks, as listed below :

- Q4 is the-strongest Q for the market.

- Fed meeting statement to be released on Tuesday, will show a "marked improvement" in their tone.

- Earnings for Q4 should be better than expected.

- There may be a rush to invest for end of December by HF / Mutual Funds / Individuals.

- New inflow for Q1 may come in January.

- World economy may show improvement going into Q1

I, for one will not be surprised IF we go through all targets by end of January 2012.

This market has been compressed for a long time, markets generally looks six months ahead.

Hopefully, we all have learned from our mistakes, & will be positioned to take advantage of upcoming rally. Same old approach may leave you well behind.

Here is my portfolio current % valuation :

LULU 19.28%

RIMM 15.44%

LVS 14.43%

BIDU 13.46%

M 11.69%

RVBD 10.35%

SNDK 9.45%

CNQ 5.90%

Good luck with your OWN homework & your OWN take of market.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.55% to 1.94% on EU agreement.....NICE !!!!

2011-12-09T15:02:00.000-08:00

It is more than obvious, that panic selling into close yesterday, was reflective of "poor analysis".

EU has taken its task very seriously, to deal with their failing structure. 26 countries have given clear indication of approval to sweeping changes in budgetary discipline.

Wish US politicians can show the same willingness to "resolve crisis @ hand"

S&P high today was 1258.25, closing @ 1255.19

Gold closed @ $1716.80

Oil closed @ $99.41

VIX crashed today to lowest level in a long time, Down 13.76% @ 26.38...sign of new highs in markets.

Internals of the markets were as follows :

UP volume led by 10.60 to 1 in NYSE & 9.27 to 1 in Nasdaq

Advancing stocks led by 5.94 to 1 in NYSE & 4.76 to 1 in Nasdaq

New 52 wk highs are in the lead, 86 in NYSE & 37 in Nasdaq

Stocks which moved UP 2% or more included BIDU,LULU,RVBD,
CNQ,CLF,COH,FCX,APKT,
NTES,FFIV,QCOM,CRM,MA,TSL,
TCK,MS,JDSU,FNSR,C,CRUS,ARUN.....

In my portfolio :

Sold PCLN

Added 75% LVS @ $44.10

Bought CNQ @ $37.00

Portfolio is BIDU,CNQ,LVS,LULU,M,RIMM,RVBD,SNDK

Next post by 2 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices pulled back 1.63% to 2.11%, as ECB lowered expectations......

2011-12-08T19:14:00.000-08:00

ECB went out of the way to lower expectations of "quick fix" crowd.

ECB, EU & IMF are all aware of European debt issues, but they are all working on an "incremental mode", as it involves approval of many many countries.

IF we are disappointed with "incremental approach" of EU / ECB, then we should look @ "no improvement" in ongoing US debt ceiling debate.....

We alway's expect more from others, quicker & faster.

EU has come a long way, with Greece & Italy dealt with, that is a major accomplishment in few weeks.....

So, we went down today, in an "over-reaction" mode.

S&P 500 low today was 1231.47, closing @ 1234.35

RSI @ 51.43

Oil closed @ $98.34

Gold closed @ $1713.40

VIX closed @ 30.59

AH news reaction :

TXN Down 5.85%

ALTR Down 6.12%

AH Futures UP

AH Asian Markets Down

AH Gold UP

AH Oil Down

PS...Chinese inflation data just released is "very bullish" for worldwide markets. CPI came in 4.2% estimate was 4.4%. PPI came in @ 2.7% estimate was 3.2%. This lower inflation will give Chinese Central Bank incentive to lower reserve requirement AGAIN, which will "stimulate" Chinese economy.

BLOG does NOT give buy or sell.

Saleem

Indices Down 1.26% to 1.63% on ECB details.......

2011-12-08T11:19:00.000-08:00

ECB cut their rate by .25%, but is not willing to go far in its bond purchasing program.

Some players had speculated in ECB collaboration with IMF to deal with EU debt situation.

Markets certainly see all this as "negative"......

I do expect progress made @ EU meeting this Friday, which should negate some of today's cross-currents.....

Internals of the market are:

Down volume leading by 22.05 to 1 in NYSE & 5.06 to 1 in Nasdaq

Declining stocks leading by 6.61 to 1 in NYSE & 5.11 to 1 in Nasdaq

S&P 500 low so far is 1237.47.....RSI @ 52.78

Oil Down $2.01

Gold Down $32.01

Canadian $ Down 1.20 cent @ 97.89, building permits fell sharply & risk off taking a toll.

VIX UP 6.49% @ 30.53

Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK

Most stocks are Down

@ 2.15 following are green :

LULU,AAPL,CIEN,LDK,SOL....

BLOG does NOT give buy or sell.

Saleem

Extremely bullish close today......NICE !!!!!

2011-12-07T19:00:00.000-08:00

Dow & S&P 500 went to higher highs & closed @ the highest level of this rally, a very strong technical indicator.

S&P 500 low today 1244.80, high 1267.06 & closed @ 1261.01, a nice bullish trajectory.

S&P 200 DMA is 1264.00, which it should take out @ opening bell, this will be another confirmation of this bull run.

RSI @ 58.68

Internals were mixed.

Oil closed @ $100.49

Gold closed @ $1744.80

VIX closed @ 28.67

After saying sell sell sell every other day, Jimmy the Cramer finally, could not take it anymore. Today after S&P 500 crossed 1267.06, he is saying next 16 days left to make money......as they say, it is better to be late than never.....

On the other hand, IBD is still INSISTING that "market in correction".....I wonder what "technical indicators" are they following ?

John Bollinger, creator of "bollinger band", a very good technical tool, saying that we are all set for a very powerful rally......

I don't think, i should say anything about market direction ?

ECB is expected to cut interest rate, by the time we are ready for trading.

Here is my $ weighting as of tonight :

LULU 17.85%

RIMM 15.48%

PCLN 13.75%

BIDU 13.38%

M 11.29%

RVBD 10.80%

SNDK 9.10%

LVS 8.35%

Stocks which closed UP 1% or more included PCLN,
CMG,AMZN,AGU,GS,V,JKS,MS,CIEN.....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem

Dow UP six day's in a row.......NICE !!!!

2011-12-07T10:58:00.000-08:00

Indices are marking time for EU summit to start, which runs until Friday.

Dow is UP again for sixth day, while Nasdaq & S&P 500 are slightly down.

Internals are mostly negative.

Oil Down 12 cents

Gold UP $8.90

Canadian $ Down 2 tick @ 99.02

VIX UP 2.17% @ 28.74

In my portfolio :

Added 35% LULU @ $44.92, LULU is my largest position now...

Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK

Exposure 223%.....

RIMM is having its Developers conference on Dec 7th & 8th in Asia.Some news may filter out later.

Most stocks are down.

@ 1.53 following are green :

PCLN,CMG,AMZN,AGU,GS,V,JKS,JCP,MS,
CIEN,ULTA,AEM,SNE......

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed AGAIN......

2011-12-06T18:43:00.000-08:00

Indices were mixed, with Dow & S&P 500 closing green, but Nasdaq continued its weakness by closing lower.

S&P 500 went to 1266.03 @ high of the day, closed @ 1258.47

RSI closed @ 58.16

Internals were mixed due to Nasdaq weakness.

VIX closed UP .72%

Oil closed UP @ $101.28

Gold closed Down @ $1731.88

In my portfolio :

Bought SNDK @ $50.54

Bought LVS @ $45.88

Bought LULU @ $46.16

Portfolio is BIDU,LVS,LULU,M,PCLN,RIMM,RVBD,SNDK.....

Here is my $ weighting :

RIMM 16.21%

PCLN 14.40%

BIDU 14.01%

LULU 13.96%

M 11.83%

RVBD 11.31%

SNDK 9.58%

LVS 8.70%

Total exposure 214%......

About this market TAPE, following needs to be evaluated :

-Dow has been UP FIVE days in a row.

-Dow is STAYING above 50 DMA & 200 DMA

-Nasdaq & S&P 500 is ready to jump ABOVE both important moving averages.

-Dow RSI is 59.70 & pointing upwards

-Today was a perfect day for a "major pullback", BUT it did NOT happen ?

- Internals were positive in NYSE

-ONLY negative about this TAPE is CMF is staying RED in all indices?

As you can see that TAPE is certainly NOT showing any weakness YET, thus my exposure is near HIGHEST level ......

Green stocks were dominated by AG, Gold & Silver for the most part.

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

Indices mixed....

2011-12-06T11:17:00.000-08:00

Indices are mixed, with Nasdaq showing weakness.

Internals are negative.

Markets are in wait & see mode for news.

Gold Down $3.30

Oil UP 8 cents

Canadian $ UP 52 tick @ 98.85..strong because Central Bank left interest rate @ 1%

VIX Down .04% @ 27.83

In my portfolio :

Sold AUY

Added BIDU @ $131.25

Added M @ $32.76

Added RIMM @ $17.14

Portfolio is BIDU,M,PCLN,RIMM,RVBD

Here is my $ weighting :

RIMM 23.93%

PCLN 21.25%

BIDU 20.68%

M 17.46%

RVBD 16.68%

90.22% exposure

Most stocks are down

@ 2.14 following are green :

RIMM,AUY,CLF,GG,GS,AGU,MOS,FCX,
NTES,QCOM,SLW,ABX,AEM.....

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .65% to 1.10%......NICE !!!!

2011-12-05T19:12:00.000-08:00

All indices made another higher highs.

S&P 500 went to 1266.73, closing @ 1257.08

RSI closing @ 57.89, during the day it came close to 60.

Internals of the market were as follows :

UP volume led by 3.62 to 1 in NYSE & 3.55 to 1 in Nasdaq

Advancing stocks led by 3.46 to 1 in NYSE & 2.30 to 1 in Nasdaq

New 52 wk highs were in the lead, 112 in NYSE & 59 in Nasdaq

VIX closed UP .51% @ 27.66

Oil closed @ $100.99

Gold closed @ $1734.50

Stocks which closed UP 1% or more included M,RIMM,RVBD,
CNQ,CLF,COH,SNDK,MGA,CMG,TCK,GS,FCX,AGU,SU,
VMW,FFIV,CRM,JCP,MS,C,ARUN......

Reason for my major sell was to lock profit.

S&P 500 has gone UP from 1158.66 to 1266.73 in a straight line, a gain of 108.07 points or 9.33% in six trading days..this sharp move UP needs rest, as its overbought.

CMF is RED in all indices......

Many of the proposals about EU meeting is well known to markets & has been the catalyst for this huge move.

Once we have gone through another base building, then this rally should resume. Any rally should be used to lighten up to lock gains or to prevent further losses.

Ironically, Jimmy the Cramer is saying sell sell sell again after his last week sell sell sell...so he is directing traders to sell who were out of this rally as per his previous sell sell sell....no wonder he calls his show "entertainment"

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem

Higher highs in all indices......NICE !!!!

2011-12-05T11:05:00.000-08:00

All indices went to higher highs, for two days we have gone to higher highs which is a good technical sign.

Internals are strong all over, including new 52 wk highs.

Oil UP 93 cents

Gold Down $14.30

Canadian $ UP 42 tick @ 98.52

VIX UP .18% @ 27.57 ?????

In my portfolio :

Sold CNQ,CLF,COH,LVS,LULU,SNDK

Portfolio is BIDU,M,PCLN,RIMM,RVBD,AUY

88% exposure currently, from 220%

Most stocks are UP

@ 2.00 following are down :

AUY,LULU,LVS,GG,APKT,WYNN,
MA,V,ULTA,BWLD,SLW,ABX,IBN...

BLOG does NOT give buy or sell.

Saleem

Nasdaq jumped 7.59% last week.......

2011-12-04T11:06:00.000-08:00

All indices jumped 7%+ last week.

S&P 500 had the biggest jump since March of 09.

In case you have lost count, March 09 was 32 months ago......why am i pointing this duration to you, because this kind of rally is very RARE. In order to take full advantage of this you have to monitor sentiment, technical & Fundamentals of economic scene.

Many pundits including Jimmy the Cramer has been telling everyone to sell all along or stay only in high dividend stocks...which encouraged many traders to stay out of this market or remained underweight. We all know what is happening since sell sell sell......many are NOT participating or barely in, in this major move UP.

This only proves one thing, market is way smarter than "salaried pundits"

What happens next is being debated & opinionated to the hilt on CNBC, general conclusion is that Europeans will cause markets to tank again. These are the same experts who got last week wrong?

We all have to understand why the markets went UP worldwide ?

It went UP because, many Central Banks eased up the banking liquidity which was being choked up due to EU debt issues.

For few weeks now, there has been a concerted effort to deal with EU debt situation. Complex issues do not get resolved in one shot, it is always incremental step towards resolution.

I am expecting EU to get closer to dealing with their crisis, by Friday close we will know, that another step has been taken.

I expect markets to resume rallying, once their is enough signal from France,Germany & others that they are on side.

There is lot more reason to be optimistic about markets based on the following FACTS :

-Consumers are alive & well & spending MORE than EVER. Black Friday & Cyber Monday is FACT.

-US economy is turning UP.

- Chinese are stimulating by lowering discount requirement by .5%

-EU is dealing with many debt issues, Greece & Italy already dealt with.

Based on the above, market has given its nod, by turning UP.

SO, it is up to you to stay ahead of the curve or follow bumbling pundits who do not know which way is UP.

YES, i am more than OPTIMISTIC for a strong year end rally.

Yes, Hedge Funds can take this market LOWER on no reason or MANUFACTURED reasons through their proxies on CNBC, but we are heading HIGHER.

On a personal note, I had the biggest gain last week ever. Quite humbled by this reality.

-Last week, my gain in equity through stocks was 39.90%

-Last week my gain in equity through Canadian $ was 52.16%

-Combined gain in equity last week was 92.06%.........NEVER imagined that i will see numbers like that in a week.

-My portfolio increased by 104.03% last week.......

IF i can attribute this to anything, it will be, to my dogged pursuit of my OWN take on economy, politics, stocks & markets.

Good luck with your OWN homework & your OWN take of markets.

BLOG does NOT give buy or sell.

Saleem

Higher highs in all indices......NICE !!!!

2011-12-02T16:42:00.000-08:00

Indices are displaying tremendous technical strength, by making higher highs in all indices.

S&P 500 went to 1260.08, before settling down @ 1244.28.

Nasdaq closed green again.....

Internals were mostly positive.

New 52 highs were in the lead again, 104 in NYSE & 37 in Nasdaq

VIX remains tame @ 27.49

Oil closed @ $100.96

Gold closed @ $1751.30

Jobs data was positive in US & negative in Canada.

Germany & French leaders are meeting on Monday ahead of
famous EU meeting on Friday Dec 9th.....

In my portfolio :

Bought RIMM @ $16.80, RIMM traded 60 million plus shares which is TRIPLE average volume of 22 million.....

Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,
M,PCLN,RIMM,RVBD,SNDK,AUY......

Stocks which closed green included LULU,M,SNDK,
CMG,MGA,AAPL,APKT,GS,FFIV,GOOG,CRM,
TSL,JCP,MS,C,CRUS,ULTA.......

Next post by 2 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

Nasdaq closed UP .22%.......NICE !!!!!

2011-12-01T19:26:00.000-08:00

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

Indices slightly lower, waiting for Jobs report......

2011-12-01T10:15:00.000-08:00

Indices are in red, due to major move UP yesterday & upcoming jobs report.

Internals are negative.

Gold Down $6.50

Oil Down 87 cents

Canadian $ UP 50 tick @ 98.63

VIX Down .32% @ 27.89

In my portfolio :

Doubled my position in LULU @ $43.51, its my 2nd largest holding just below PCLN.

Doubled my position in M @ $32.51

Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,M,PCLN,RVBD,SNDK,AUY

Most stocks are Down.

@ 1.07 following are green :

BIDU,CLF,COH,PCLN,RVBD,SNDK,AUY,
APKT,AAPL,AMZN,RIMM,NTES,GOOG,
MA,CIEN,FMCN,SOHU,PWRD,IBN,AGU....

BLOG does NOT give buy or sell.

Saleem

LULU reports Mixed result & guidance, stock down in pre-market.....

2011-12-01T05:04:00.000-08:00

LULU reported Q3, here are the details=

Sales consensus $235.74 million, Actual $230.2 million a miss of $5.54 million

EPS estimate 25 cents, actual 27 cents a beat by 2 cents

Q4 estimate Sales $327.30 million, guidance $327 million to $332, $2.65 million higher than consensus

Q4 EPS estimate 42 cents, guidance 40 cents to 42 cents, guiding lower by 1 cent

LULU Down in pre-market $6.30.....

Conference call @ 9 AM, after listening i will make my decision
to add or sell.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 4.17% to 4.33% in high volume.....NICE !!!!

2011-11-30T19:47:00.000-08:00

Indices went into record breaking UP move, best since March 09.

S&P 500 high was 1247.11, closing @ 1246.96

All indices are above 50 DMA, but Dow is above both 50 DMA & 200 DMA, a very strong technical picture.

Our famous pundit of CNBC is still telling sell,sell,sell & talking in circles & we still do not have Gurus blessing for this rally ?

Internals were as follows :

UP volume led by 24.76 to 1 in NYSE & 11.85 to 1 in Nasdaq

Advancing stocks led by 6.81 to 1 in NYSE & 4.71 to 1 in Nasdaq

After a long time, new 52 wk highs were in the lead, 91 in NYSE & 58 in Nasdaq

VIX tumbled 9.27% @ 27.80

Oil closed @ $100.36

Gold closed @ $1745.50

Stocks do not close UP 4%+, unless it is a significant change in Psychology. Best part of this rally continues to be "disbelief & ongoing selling"......

Month end ended with a bang, & new month & last Q is starting, which may bring more short covering, until Jimmy the Cramer throws in the towel, after taking his lump......

Stocks which were UP 4% or more included BIDU,CNQ,CLF,LVS,LULU,M,
PCLN,RVBD,SNDK,AUY,
MGA,OTEX,GS,TCK,MOS,WYNN,FCX,
GG,MPEL,VMW,FFIV,SLW,CRM,MA,V,
TSL,JKS,MS,JCP,TLM,JDSU,CIEN,FNSR,
ARUN,BAC,C,CSCO,GE.....

Chinese PMI data is old news, thus expect no reaction in markets.

AH ER FNSR Down 2.39%

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

Indices Rocketed UP 3.38% to 3.47% on Central Bank initiative.....NICE !!!

2011-11-30T11:34:00.000-08:00

Today indices are UP 3.38% to 3.47% based on many positive developments around the world.

First, China is trying to stimulate its economy by reducing bank reserve requirement by .5%. This is the first reversal in two years.

Second, world Central banks are creating liquidity to the global financial system.

Third, ADP Jobs data was showing strength in Job creation.

Fourth, Chicago manufacturing activity is UP again.

Fifth, housing data is also showing pulse....

All of the above, is creating the biggest short squeeze which i was hoping for.

Our know it all Guru Jimmy the Cramer is calling the above moves as foolish, his short plus sell, sell, sell strategy is making him a "laughing stock of CNBC".......a guru who does NOT follow TAPE but tries to tell TAPE what to do...NEVER works

Gold UP $31.90

Oil UP 81 cents

Canadian $ UP 1.02 cent @ 98.09

VIX Down 7.87% @ 28.23

In my portfolio :

Bought SNDK @ $47.85

Bought M @ $31.75

Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,M,PCLN,RVBD,SNDK,AUY...

This is the highest market exposure in last 5 years.

Most stocks are UP

BLOG does NOT give buy or sell.

Saleem

Dow & S&P 500 made back to back gains @ close....NICE !!!!

2011-11-29T19:08:00.000-08:00

Today all indices made higher highs, a technical confirmation of strength. S&P 500 & Dow made HIGHER close also.Main reason for strength was that consumer sentiment is @ highest level since July.

This rally has one thing going for it, utter disbelief about its strength & staying power. This should carry us much higher than 1225......

Internals of the market were negative by 50% Max.

Nasdaq fade / weakness was a major surprise.

Wed is the last day of the month, we may get some fireworks going into close.

EU Finance Ministers agreed on expanding funding for rescue fund, details to be worked out with IMF...another step closer to resolution.

Stocks which ended green @ close included CNQ,AUY,CLF,
CMG,GG,SU,CRUS,C,M,TCK,JCP,TLM,BJRI,OTEX,RIMM,
FCX.....

AH ER OVTI Down 11.62% in AH volume of 996,273

AH Futures Down

AH Asian Markets Down

AH Gold UP

AH Oil Down

BLOG does NOT give buy or sell.

Saleem

Dow & S&P 500 UP AGAIN.......NICE !!!!

2011-11-29T11:16:00.000-08:00

Dow & S&P 500 are confirming current UPTREND by being UP back to back. This technical confirmation is very significant, as many so-called gurus are trying to talk this market down.

When markets go UP back to back with several headwind, smart traders KNOWS what to do, follow the TAPE......

IF we close higher in any indices, technically we are strong.....

Market internals are mixed ,with Nasdaq being negative.

Gold UP $1.90

Oil UP $1.41

Canadian $ UP 34 tick @ 97.01

VIX Down 2.49% @ 31.33

In my portfolio :

Bought COH @ $59.74

Added 60% LULU @ $47.89..LULU reports before open this Thursday,expecting a beat & guide UP.

Portfolio is BIDU,CNQ,CLF,COH,LVS,LULU,PCLN,RVBD,AUY

Here is my $ weighting as of few seconds ago :

PCLN 18.46%

AUY 15.79%

RVBD 14.49%

BIDU 11.52%

CLF 10.35%

LULU 9.31%

COH 7.30%

CNQ 6.39%

LVS 6.39%

@ 2.09 following are green :

CNQ,CLF,AUY,BJRI,CMG,RIMM,TCK,FCX,
GG,SU,C,CRUS,SINA,SOHU,AEM,JCP,KOG...

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 2.59% to 3.52%.....NICE !!!!

2011-11-28T19:19:00.000-08:00

Indices were UP nicely due to many positive catalysts, from oversold conditions to record Black Friday to European movement on debts......BUT many pundits are calling it "no nothing rally"

From Jimmy the Cramer to Adami, they are saying sell, sell & sell fast as the party will be over by 10 AM Tuesday.......

I wish life is that simple, we do have serious short covering rally as people in the know KNOWS that we may have seen the lows for a while. Markets will be trading in a new range until real resolutions are adopted in Europe.

US is certainly on the mend, as most US economic data is encouraging & better than expected.US had the best Full day after Thanksgiving in markets since 1941, maybe the CNBC pundits need to catch up on US historical market data.

Markets will be on the defensive until auction of $8 Billion Italian bond is completed on Tuesday. This may be countered by EU Finance Ministers agreement for future strategies to deal with debt issues.

Internals of the markets were as follows :

UP volume led by 39.30 to 1 in NYSE & 15.01 to 1 in Nasdaq

Advancing stocks led by 5.29 to 1 in NYSE & 5.27 to 1 in Nasdaq

Volume was slightly below average in S&P 500 & Nasdaq, BUT higher than average in Dow

VIX closed Down 6.79% @ 32.13

Oil closed @ $98.21

Gold closed @ $1710.80

Stocks which were UP 4% or more included BIDU,CNQ,CLF,LVS,LULU,RVBD,
AMZN,M,COH,MGA,BWLD,APKT,
TCK,FCX,SNDK,WYNN,MPEL,VMW,
FFIV,QCOM,GOOG,CRM,V,MA,JKS,TLM,
TSL,MS,JDSU,CIEN,FNSR,C,ARUN.......

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem

Indices UP 2.76% to 3.51% on positive retail sales & Euro news....NICE !!!

2011-11-28T10:58:00.000-08:00

Indices are celebrating Black Friday Sales & positive development on Euro rescue plan.

Indices were also deeply oversold, which is adding fuel to bullish fire.

Internals of the market are as follows :

UP volume leading by 50.92 to 1 in NYSE & 11.01 to 1 in Nasdaq

Advancing stocks are leading by 6.98 to 1 in NYSE & 5.7 to 1 in Nasdaq

VIX Down 5.57% @ 32.55

Oil UP 80 cents

Gold UP $24.70

Canadian $ UP 1.25 cent @ 96.78

In my portfolio :

Bought AUY @ $15.14, its my second largest position.

Portfolio is BIDU,CNQ,CLF,LVS,LULU,PCLN,RVBD,AUY.....

Most stocks are UP

Inverse ETF are down.

BLOG does NOT give buy or sell.

Saleem

Markets are in deep oversold conditions, technical bounce imminent.....

2011-11-27T11:51:00.000-08:00

-Indices are in deep oversold conditions with RSI @ 34.39 in Nasdaq.

-Bearish headlines are all over in the media

-Most traders, institutions, hedge funds are "under invested"

-Short interest are as high as they were in March of 09

The above is a "recipe" for a major bounce & could result in the biggest short squeeze ever seen.

Retail consumers are totally "unfazed" by media & had the biggest Black Friday sales in history, retail sales are UP a record breaking 6.6%...

Most technicians believe that there is strong support around 1100 in S&P 500, last close @ 1158.67

Europe certainly has "spooked" major allocation in stocks. European debt crisis & US political lack of will to do anything for the good of the country, has eroded investor confidence to the lowest level which i have observed.

No wonder that we are languishing barely above 1100, this is the same level where we were @ 10 yrs ago.........no wonder many retail investors have given up......as they can clearly see that they have lost money in last 10 years of investing / contributing to IRA / 401 K......

BUT some of us have nothing better to do, than be fixated in this market....

As I continue to believe that, RSI in 34 area is a major trading point based on history.......

IF you can stomach European 72 hour get together & no real progress....then currently, this market can make some dough......

I continue to add, in this downward gyrating market with the believe that those who are positioned "in the market" will come out ahead, EVENTUALLY......

Here is my $ weighting as of Friday :

PCLN 25.17%

RVBD 19.76%

BIDU 15.71%

CLF 14.11%

CNQ 8.72%

LVS 8.71%

LULU 7.82%

Please make sure that you are monitoring your portfolio closely & making necessary changes.

TAPE has been showing some relative strength, hopefully you are trading with that FOCUS.

Good luck with your OWN analysis & comfort level.

BLOG does NOT give buy or sell.

PS..I firmly believe that "new stimulus" is coming to US,Canada,China & Europe..which will give big boost to this sick economy & market.

Saleem

Indices closed @ lows of the day AGAIN.....

2011-11-25T14:26:00.000-08:00

Indices closed @ lows of the day on Belgium downgrade by S&P.

Timing of Belgium downgrade was PERFECT, few minutes before close ?

S&P low today was 1158.66, we closed @ 1158.67

RSI @ 36.39

CMF is negative now @ <0.097>

Internals of the market were as follows :

Down volume led by 1.46 to 1 in NYSE & 2.59 to 1 in Nasdaq

Declining stocks led by 1.31 to 1 in NYSE & 2.61 to 1 in Nasdaq

New 52 wk lows were in the lead AGAIN, 115 in NYSE & 149 in Nasdaq

Oil closed @ $96

Gold closed @ $1685.70

VIX closed @ 34.47 UP 1.44%

Stocks which ended green included BIDU,RVBD,
CMG,APKT,MS,C,CTRP,FMCN,PWRD,GS,IBN.....

Next post by 2 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed @ lowest level in low volume.....

2011-11-23T19:14:00.000-08:00

Dow, Nasdaq & S&P 500 made history today by closing @ the lowest point of the day including fractions, never seen this "orchestration" before, i guess black boxes can be pre-programmed to do anything.

Indices were down 2.05% to 2.43% in low volume.

S&P 500 closed @ 1161.79

RSI 36.88, Nasdaq RSI @ 35.65

Internals were as follows :

Down volume led by 25.31 to 1 in NYSE & 14.53 to 1 in Nasdaq

Declining stocks led by 7.52 to 1 in NYSE & 5.94 to 1 in Nasdaq

New 52 wk low were in the lead, 165 in NYSE & 189 in Nasdaq

VIX closed UP 6.29% @ 33.98

Oil closed @ $96.17

Gold closed @ $1695.90

We all need to believe that buying near lows can be extremely profitable. YES European debt crisis is going on much longer than expectations, but market is in the process of discounting the depth of this issue. When it has finished doing that, expect a major move UP.

When we go UP, hard to tell, but i am positioned to take advantage of that when it happens.The way it closed today, it could be the low point, only time will tell. Trust me, this has been very painful for me also, as LOGICAL approach has not worked out so far, but i am sure in the end it will.

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold down

BLOG does NOT give buy or sell.

World markets are open full day on Thursday including Canada. IF you want to check any stock which is Canadian based, all you have to do is same symbol most of the time with the .TO next to it. some exception is RIM.TO, K.TO, G.TO, OTC.TO,YRI.TO, LLL.TO rest of them same like CNQ,TLM,SU, ABX,POT,AGU.AEM......

PS......Next post on Friday after close.

HAPPY THANKSGIVING !!!!

Saleem

Indices down 1.64% to 1.98%.......

2011-11-23T11:13:00.000-08:00

Indices are hitting lower lows on European,Chinese & US issues.

S&P 500 went to 1163.79 @ low of the day, currently @ 1166.68.

RSI @ 37.57

CMF is positive & improving.

Internals are as follows :

Down volume led by 16.84 to 1 in NYSE & 7.98 to 1 in Nasdaq

Declining stocks led by 6.67 to 1 in NYSE & 5.10 to 1 in Nasdaq

New 52 wk lows are in the lead, 205 in NYSE & 327 in Nasdaq

Gold Down $7.50

Oil Down $1.57

Canadian $ Down 80 tick @ 95.54

VIX UP 3.72% @ 33.16

In my portfolio :

Added 40% BIDU @ $120.47

Bought LULU @ $46.65

Portfolio is BIDU,CNQ,CLF,LVS,LULU,PCLN,RVBD

Most stocks are down

@ 2.03 following are green:

JKS,TSL,ARUN,LDK,SOL,MGA....

BLOG does NOT give buy or sell.

Saleem

Lower lows & lower volume in Indices.......

2011-11-22T19:27:00.000-08:00

Indices were under pressure again on European "news" ala IMF plus Fed minutes, which confirms slow growth of US economy.Yes US economy is growing as per Fed.......

After close Fed gave markets another surprise of "stress test of six US banks"...just what we needed @ this technical level.

IF all of the above was "not enough", few minutes ago Chinese Nov PMI came in @ 32 month low of 48.In Oct it was @ 51, in Sep it was 49.9......

So Futures have been down in anticipation of bad PMI or "leaked info"......

Question is ......how much can this market take in terms of daily bad news ?

In my opinion Wednesday close will define this market......

As we know that we are closed on Thursday for Thanksgiving & Friday we close @ 1 PM......

S&P 500 went to 1181.65 as low of the day, closing @ 1188.04

RSI @ 41.25

Oil closed @ $98.01

Gold closed @ $1702.40

VIX closed @ 32.00 down 2.77%..even VIX is confused ?

AH Futures are Down as follows :

Dow down 134.72...this is an improvement from down 152

S&P 500 down 16.44

Nasdaq down 23.83

AH Asian Markets down, but above lows?

AH Gold UP $5.10....was UP $8..is gold confused too?

AH Oil down $1.26

BLOG does NOT give buy or sell.

Saleem

Indices mixed, with Nasdaq showing green.....

2011-11-22T11:33:00.000-08:00

Indices are mixed, but Nasdaq is giving green today.

Internals are negative.

Gold Down $2.90

Oil UP 89 cents

Canadian $ UP 26 tick @ 96.51

VIX Down 3.92% @ 31.62...good indicator for a green close.

In my portfolio :

Sold FRO

Added 65% CLF @ $64.42

Portfolio is BIDU,CNQ,CLF,LVS,PCLN,RVBD

Here is my $ weighting as of few seconds ago :

PCLN 28.87%

RVBD 20.78%

CLF 16.74%

BIDU 12.55%

LVS 10.63%

CNQ 10.43%

Most of the stocks are down

@ 2.29 following are green :

PCLN,LVS,BIDU,MGA,AUY,AAPL,AMZN,
SNDK,WYNN,CMG,GG,MPEL,QCOM,SLW,
MA,TSL,TLM,CTRP,FMCN,LDK,ABX,KGC,
NYX,BWLD.....

BLOG does NOT give buy or sell.

Saleem