Friday, February 4, 2011

Market is smart in ignoring Jobs report...NICE !!!!

So another jobs report came and gone,economists gets paid big bucks to be "horribly wrong" month after month.....& they are known as "know it all genius"...

What market has been saying that economy "is on the mend" & jobs are a lagging indicator.....so don't get cute with "sky high numbers"..by end of 2011....jobs will be there....

Gold Down $3.80

Oil Down $1.82

Canadian $ UP 16 tick @ 101.00.Canada added 69,200 jobs vs expectations of +15,000..yes David Rosenberg is part of consensus...none of them know numbers..all guess work....

VIX Down 1.68% @ 16.41????

In my portfolio :

Added 150% more BAC @ $14.18

Portfolio is BAC,FFIV,MGM,RIMM,RVBD....

Most stocks are UP

@ 12.18 following are RED :

MGM,BAC,F,MGA,BIDU,GS,GOOG,
AKAM,MOS POT,IBN,CCJ,ISRG,X,TCK,
CNQ,SU,LEN,LVS,LDK,TSL,JKS,JASO,
STP,SOL,SOLF,SNDK,IGTE,FMCN,CSIQ,
ABX,SPWRA,FSLR,TTM,SNE,FWLT,CSTR,
PWER,AEIS.

BLOG does NOT give buy or sell.

Saleem

Thursday, February 3, 2011

Another record close for Dow...NICE !!!!

All Indices closed green,while Dow closed @ another high.

Jobs report is coming @ 830 AM, but market TAPE is not worried @ all.

Strong stocks included FFIV,RIMM,CMG,F,MGA,
SLW,IAG,MA,GG,LVS,CRUS,IGTE.....

VIX closed Down 3.53% @ 16.69..getting close to 52 wk low of 15.23

AH ER JDSU was a beat & guide UP,stock UP 18.18%

AH ER LVS was a miss on revenue,stock Down 6.74%

AH ER PWER was a guide Down,stock Down 21.70%

AH ER CSTR was a guide Down,stock Down 10.26%

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

White House reporting that US administration is working on
immediate exit for Egyptian President Hosni Mubarak.Interim
government to be headed by current Vice President.

BLOG does NOT give buy or sell.

Saleem

Indices near breakeven......NICE !!!!

Indices were under pressure earlier due to Egyptian Law & Order situation,where journalists are being beaten including CNN reporters.

Indices are almost flat currently.

Gold UP $17.90

Oil Down 60 cents

Canadian $ Down 14 tick @ 101.04

Portfolio is BAC,FFIV,MGM,RIMM,RVBD

Most stocks are UP...

@ 12.35 following are RED :

MGM,RVBD,AAPL,GS,GOOG,CRM,MOS,
POT,SOHU,CCJ,V,NYX,X,TCK,M,JDSU,
FNSR,NVLS,SOLF,FUQI,CCME,ASIA,
CSIQ,CTRN,ICE,JRCC,NDAQ,NTES,
VLO,FSLR,GNK,FWLT.

BLOG does NOT give buy or sell.

Saleem

Wednesday, February 2, 2011

Another record close for Dow...NICE !!!!

Dow made another record close.

Internals were negative.

VIX Down 1.87% @ 17.30

Solar stocks were on fire as Germany confirmed its new policy on solar subsidy.

In my portfolio :

Sold PCLN...this was the-most expensive stock i had ever bought @ $415.90 & most volatile..$10 swing was norm on a daily basis..sold @ $441 today....$25.10 per share gain...

Bought RIMM @ $61.15

Portfolio is BAC,FFIV,MGM,RIMM,RVBD....

AH ER CYMI was a beat ,stock UP 6.45%...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

Nasdaq green......

Currently Nasdaq is green, while other indices are down less than .21%.

Gold Down $12.50

Oil Down 45 cents

Canadian $ UP 8 tick @ 101.01

In my portfolio :

Bought BAC @ $14.25

Portfolio is BAC,FFIV,MGM,PCLN,RVBD.....

@ 12.50 following are green :

FFIV,RVBD,RIMM,CMG,AMZN,GOOG,
CRM,POT,SOHU,CCJ,MA,V,SOL,JASO,
STP,SOLF,JKS,TSL,CRUS,ARUN,TCK,
SINA,CSIQ,NDAQ,NYX,VLO,SPWRA,
FSLR....

BLOG does NOT give buy or sell.

Saleem

Tuesday, February 1, 2011

Record high close for Dow & S&P 500....NICE !!!!

Indices are on a tear again.....

We are sitting @ highest point in 2.5 yrs .....

Internals were super strong.....

Adami, Kass,Prechter,Rosenberg are the undisputed "surprise for this year also",they remain firmly bearish for 2 years in a row......they haven't seen a single thing which has changed their mind yet...maybe S&P 500 @ 1500 could do the trick.........

Strong stocks included PCLN,FFIV,MGM,
BAC,RIMM,BIDU,GOOG,IAG,SLW,MOS,
POT,IBN,SOHU,ISRG,X,TCK,LVS,JDSU,
CIEN,LEN,NVLS,SNDK,ARUN,IGTE,STP....

AH ER BRCM guiding lower,stock Down 2.92%

AH ER WFR guiding higher,stock UP 3.35%

AH ER APKT was a beat,stock UP 4.92%.....may give some oxygen to FFIV & RVBD

AH Futures Down

AH Asian markets UP

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

Saleem

Dow & S&P 500 @ new high...NICE !!!!

Indices are making new highs in Dow & S&P 500 while Nasdaq is getting close to making new high.....

Economic data worldwide is improving,which is giving boost to investors confidence.

Gold Down $1.10

Oil Down 79 cents

Canadian $ UP 99 tick @ 100.92..putting a huge smile after 2 week of slump $$$$$$

VIX Down 10.14% @ 17.55

Most stocks are UP

Portfolio is FFIV,MGM,PCLN,RVBD

@ 12.40 following are RED :

RVBD,NFLX,M,CCME,ASIA,SNDA,
CTRN,GNK,TTM,VAR....

BLOG does NOT give buy or sell.

Saleem