Indices are close to flatline while Nasdaq has made it to green......Nasdaq high so far is 2431.53 only .72 from making new high......
Gold UP $4.70
Oil UP 21 cents
Canadian $ is @ record high ..higher than US$ ....UP 34 tick to 100.04 US for 1 CAD
In my portfolio :
Sold QID
Bought RIMM @ $67.99
Portfolio is APWR,MU,RIMM.....
@ 12.09 following are green :
RIMM,AEM,SLW,IAG,SOHU,NTES,SINA,
BIDU,GS,IBN,MA,V,X,AMZN,LVS,EXPE,
ASIA,TCK,FMCN,BRCD,LULU,WYNN,
FWLT.
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 6, 2010
Monday, April 5, 2010
Strong finish in all Indices.....NICE !!!!!
April is starting in the same fashion where March left off....Indices making new highs......
Market internals were much stronger than close as listed below :
UP volume led by 4.77 to 1 in NYSE & 6.83 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 3.04 to 1 in Nasdaq
New 52 wk highs also expanded by 457 in NYSE & 224 in Nasdaq
Above stat is a "major turnaround" from last week anaemic internals......
ONLY negative today was "low volume in all Indices" ?????
AH futures Down
AH Nikkei Down
AH Gold,Oil,Silver Down
FTSE & Hang Seng closed for Easter holidays......
VIX closed @ 17.02 Down 2.58%...VXX Down 3.81%..VXZ Down 1.99%
BLOG does NOT give buy or sell.
Saleem
Market internals were much stronger than close as listed below :
UP volume led by 4.77 to 1 in NYSE & 6.83 to 1 in Nasdaq
Advancing stocks led by 2.98 to 1 in NYSE & 3.04 to 1 in Nasdaq
New 52 wk highs also expanded by 457 in NYSE & 224 in Nasdaq
Above stat is a "major turnaround" from last week anaemic internals......
ONLY negative today was "low volume in all Indices" ?????
AH futures Down
AH Nikkei Down
AH Gold,Oil,Silver Down
FTSE & Hang Seng closed for Easter holidays......
VIX closed @ 17.02 Down 2.58%...VXX Down 3.81%..VXZ Down 1.99%
BLOG does NOT give buy or sell.
Saleem
S&P 500 & Dow @ new HIGH....NICE !!!!
Indices do not want to quit making new highs....S&P 500 & Dow jumped to new highs while Nasdaq ready to do the same.......
Market tape showing no sign of breaking down.........
Gold UP $3.10
Oil UP $1.71
Canadian $ UP 57 tick to record high of 99.73 US for 1 CAD
In my portfolio :
Sold EGO
Added 33% more MU @$10.38......
Portfolio is APWR,MU,QID
APWR was upgraded today by Raymond James to Outperform with $14 target.....
Most stocks are UP.......
@ 12.09 following are red :
QID,SMN,RIMM,IPI,ISRG,ASIA,POT,VXX,
VXZ,FMCN,ICE,VAR.....
BLOG does NOT give buy or sell.
Saleem
Market tape showing no sign of breaking down.........
Gold UP $3.10
Oil UP $1.71
Canadian $ UP 57 tick to record high of 99.73 US for 1 CAD
In my portfolio :
Sold EGO
Added 33% more MU @$10.38......
Portfolio is APWR,MU,QID
APWR was upgraded today by Raymond James to Outperform with $14 target.....
Most stocks are UP.......
@ 12.09 following are red :
QID,SMN,RIMM,IPI,ISRG,ASIA,POT,VXX,
VXZ,FMCN,ICE,VAR.....
BLOG does NOT give buy or sell.
Saleem
Sunday, April 4, 2010
April generally brings short term top.......
We all have heard "sell in May & go away".......which means by the end of April we should form a short term top in the market....
So we have April to daytrade & lock gains .......
Option expiry is on 16th of April..two weeks away..which may bring more "volatility".....
RSI is Indices are as follows :
Nasdaq 66.51
S&P 500 70.35
Dow 70.55
High range has been in 76 area........either Nasdaq will move UP to its high RSI range or may drag RSI further Down to 50 area....Option Expiry week should be the catalyst......
Chinese PMI has risen 13 months in a row.....
Oil is @ 17 months high.....
Jobs report was better than the headline numbers as 114,000 "real jobs" were created and only 48,000 census jobs ..which was predicted by many to be in 100,000 plus expectations...so headline of 162,000 is "conceptually" equal to 225,000 jobs.......
SO..there is real job growth in the economy NOW......
Stock market has been anticipating/predicting job growth & economic rejuvenation worldwide in this run for 11,000 in Dow..chart looks too steep for my comfort.....a selling may take place.......
Market always gives money making ideas...it may be positioned for short trades ????
SO..locking profit has to be top priority as all good news is here already ......
Market needs digestive period to gather strength again......in the past selling has been in the range of 6% to 9%......this time it may be in the 6% range.....
QID which is double short on Nasdaq may be the best way to HEDGE your portfolio.....hedging near top is a smart move...an insurance which is prudent......
Writing covered call in your portfolio also gives you protection & extra $........
Gold,Silver,Copper stocks are looking better @ this stage in market......
After correction..... Technology is a good bet as many will raise guidance.....
This "sustained" move UP has surprised many including me......so a bearish posture may have been pre-mature BUT not unwise......
It is important to know your stocks fundamentals & technicals .....adaptability is a key to ongoing success in market.....sometimes you have to sell in a hurry & other times you have to buy in nano-second.......
There is no right or wrong way to position in market...as long as it works out in the end......it is always about risk/reward ratio.....
Being diversified in many sectors which is showing strength keeps you ahead of the game.....
Good luck in your strategy.
BLOG does NOT give buy or sell.
Saleem
So we have April to daytrade & lock gains .......
Option expiry is on 16th of April..two weeks away..which may bring more "volatility".....
RSI is Indices are as follows :
Nasdaq 66.51
S&P 500 70.35
Dow 70.55
High range has been in 76 area........either Nasdaq will move UP to its high RSI range or may drag RSI further Down to 50 area....Option Expiry week should be the catalyst......
Chinese PMI has risen 13 months in a row.....
Oil is @ 17 months high.....
Jobs report was better than the headline numbers as 114,000 "real jobs" were created and only 48,000 census jobs ..which was predicted by many to be in 100,000 plus expectations...so headline of 162,000 is "conceptually" equal to 225,000 jobs.......
SO..there is real job growth in the economy NOW......
Stock market has been anticipating/predicting job growth & economic rejuvenation worldwide in this run for 11,000 in Dow..chart looks too steep for my comfort.....a selling may take place.......
Market always gives money making ideas...it may be positioned for short trades ????
SO..locking profit has to be top priority as all good news is here already ......
Market needs digestive period to gather strength again......in the past selling has been in the range of 6% to 9%......this time it may be in the 6% range.....
QID which is double short on Nasdaq may be the best way to HEDGE your portfolio.....hedging near top is a smart move...an insurance which is prudent......
Writing covered call in your portfolio also gives you protection & extra $........
Gold,Silver,Copper stocks are looking better @ this stage in market......
After correction..... Technology is a good bet as many will raise guidance.....
This "sustained" move UP has surprised many including me......so a bearish posture may have been pre-mature BUT not unwise......
It is important to know your stocks fundamentals & technicals .....adaptability is a key to ongoing success in market.....sometimes you have to sell in a hurry & other times you have to buy in nano-second.......
There is no right or wrong way to position in market...as long as it works out in the end......it is always about risk/reward ratio.....
Being diversified in many sectors which is showing strength keeps you ahead of the game.....
Good luck in your strategy.
BLOG does NOT give buy or sell.
Saleem
Saturday, April 3, 2010
Buy rated stocks.....
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
SLW,PAAS,TCK,NM,AU,HMY,NEM,MTE,
TGB,EK,LCRD,NTAP,AUY,EJ,GMCR,HCBK,
MT,NOK.
Next post on Sunday by noon.
BLOG does NOT give buy or sell.
Saleem
SLW,PAAS,TCK,NM,AU,HMY,NEM,MTE,
TGB,EK,LCRD,NTAP,AUY,EJ,GMCR,HCBK,
MT,NOK.
Next post on Sunday by noon.
BLOG does NOT give buy or sell.
Saleem
Thursday, April 1, 2010
All Indices closed GREEN...NICE !!!!
Markets are doing their usual things...start strong give up gains and then buyers take it up by close.....a sure sign that market is still in bull mode.....
Internals improved but Nasdaq Down volume were in the lead????...
New 52 wk highs improved as given :
NYSE 296 & Nasdaq 144
MU lost strong gains & closed lower on huge volume of 127.59 million shares vs average of 30.01million shares..high $11.05 low $10.11 an 8.6% move lower from highs on "blowout earnings"????
AH Oil,Gold,Silver UP
AH Asian markets higher
Next post on Saturday by noon...
BLOG does NOT give buy or sell.
Saleem
Internals improved but Nasdaq Down volume were in the lead????...
New 52 wk highs improved as given :
NYSE 296 & Nasdaq 144
MU lost strong gains & closed lower on huge volume of 127.59 million shares vs average of 30.01million shares..high $11.05 low $10.11 an 8.6% move lower from highs on "blowout earnings"????
AH Oil,Gold,Silver UP
AH Asian markets higher
Next post on Saturday by noon...
BLOG does NOT give buy or sell.
Saleem
Indices @ or near record.....NICE !!!!
Economic data worldwide was better than expected giving boost to markets worldwide......
Gold UP $13.00 to $1126.40
Oil UP $1.28 High of the year
Canadian $ in record territory @ 99.25 cents US UP 97 tick
In my portfolio :
Bought EGO a gold producer @ $10.29
Portfolio is APWR,EGO,MU,QID.....
Most stocks are UP.....
@ 12.13 following are red :
APWR,QID,VXX,SMN,RIMM,CSIQ,PWRD,
IPI,POT,MA,EXPE,AMZN,TSL,FMCN,FSLR,
LDK....
BLOG does NOT give buy or sell.
Saleem
Gold UP $13.00 to $1126.40
Oil UP $1.28 High of the year
Canadian $ in record territory @ 99.25 cents US UP 97 tick
In my portfolio :
Bought EGO a gold producer @ $10.29
Portfolio is APWR,EGO,MU,QID.....
Most stocks are UP.....
@ 12.13 following are red :
APWR,QID,VXX,SMN,RIMM,CSIQ,PWRD,
IPI,POT,MA,EXPE,AMZN,TSL,FMCN,FSLR,
LDK....
BLOG does NOT give buy or sell.
Saleem
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