Greece again is providing minute to minute change of heart in their confused EU membership.
As usual when money spigot stopped, Greece had change of heart & policy.
IF we can believe, then Greece is not having referendum.
IF i was EU head, i will insist on a vote in parliament for acceptance of bailout conditions, otherwise Greece will turn on a dime again & again....
They must be testing their welcome in EU community, MAY end up in Greek tragedy......
Indices are @ best level of the day UP almost 1.71%
Internals are positive by almost 3 to 1
Oil UP $1.95
Gold UP $35
Canadian $ UP 36 tick @ 99.01
VIX Down 5.56% @ 30.92
In my portfolio :
Bought AUY @ $15.67
Portfolio is CSIQ,LVS,JCP,POT, RVBD,TLM,AUY
Most stocks are UP
@ 1.47 following are RED :
CSIQ,JKS,MGA,MS,BWLD,AGU,TSL,RIMM,
JDSU,FMCN,SOHU,PWRD,LDK,SNE,IBN....
BLOG does NOT give buy or sell.
Saleem
Thursday, November 3, 2011
Wednesday, November 2, 2011
Indices closed UP 1.27% to 1.61%....NICE !!!!
Despite Greece & US economy downgrade by Fed, stocks managed to close near high of the day.
Greece continues to be in the centre of this debt issue.
G20 is meeting in France on Thursday & Friday, important
decisions needs to be taken to stabilize world markets....
Internals of the market were as follows :
UP volume led by 8.70 to 1 in NYSE & 2.92 to 1 in Nasdaq
Advancing stocks led by 4.98 to 1 in NYSE & 3.55 to 1 in Nasdaq
Oil Closed @ $92.51
Gold Closed @ $1729.60
VIX closed Down 5.84% @ 32.74
Stocks which were UP 2% or more included LVS,HCP,POT,RVBD,TLM,
MS,JKS,BRCD,CNQ,NFLX,GS,CLF,
TCK,FCX,FNSR,JDSU,GG,AUY,
FFIV,QCOM,SLW,MA,V,AUY,SU,
MPEL,AGU,TSL,C,BAC,CRUS,ARUN......
AH ER were greeted as follows :
QCOM UP 9.43%
WFM Down 5.40%
AH Futures Down
AH Asian Markets Down
AH Oil, Gold Down
BLOG does NOT give buy or sell.
Saleem
Greece continues to be in the centre of this debt issue.
G20 is meeting in France on Thursday & Friday, important
decisions needs to be taken to stabilize world markets....
Internals of the market were as follows :
UP volume led by 8.70 to 1 in NYSE & 2.92 to 1 in Nasdaq
Advancing stocks led by 4.98 to 1 in NYSE & 3.55 to 1 in Nasdaq
Oil Closed @ $92.51
Gold Closed @ $1729.60
VIX closed Down 5.84% @ 32.74
Stocks which were UP 2% or more included LVS,HCP,POT,RVBD,TLM,
MS,JKS,BRCD,CNQ,NFLX,GS,CLF,
TCK,FCX,FNSR,JDSU,GG,AUY,
FFIV,QCOM,SLW,MA,V,AUY,SU,
MPEL,AGU,TSL,C,BAC,CRUS,ARUN......
AH ER were greeted as follows :
QCOM UP 9.43%
WFM Down 5.40%
AH Futures Down
AH Asian Markets Down
AH Oil, Gold Down
BLOG does NOT give buy or sell.
Saleem
Fed has better words for US economy...Improving he says...NICE !!!!
Fed statement for US economy was better than last time, improvement noted by BB. No QE3 is a good thing, it means that US economy can walk on its own.
Indices are still positive for Q & A...
Indices UP .63% to 1.12%, lower than AM run.
Internals are positive.
Greece still a factor, IMF loan in question.
Oil UP 16 cents
Gold UP $21.60
Canadian $ UP 32 tick @ 98.43
VIX Down 2.56% @ 32.88, too much fear still....
In my portfolio :
Bought CSIQ @ $3.18
Portfolio is CSIQ,LVS,JCP,POT,RVBD,TLM...
Most stocks are UP
@ 2.41 following are down ;
BJRI,SNDK,APKT,CMG,CRM,BWLD,RIMM,
FWLT.....
BLOG does NOT give buy or sell.
Saleem
Indices are still positive for Q & A...
Indices UP .63% to 1.12%, lower than AM run.
Internals are positive.
Greece still a factor, IMF loan in question.
Oil UP 16 cents
Gold UP $21.60
Canadian $ UP 32 tick @ 98.43
VIX Down 2.56% @ 32.88, too much fear still....
In my portfolio :
Bought CSIQ @ $3.18
Portfolio is CSIQ,LVS,JCP,POT,RVBD,TLM...
Most stocks are UP
@ 2.41 following are down ;
BJRI,SNDK,APKT,CMG,CRM,BWLD,RIMM,
FWLT.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 1, 2011
Indices slumped 2.48% to 2.89% on Greek politics......
Greece stand for a referendum vote "as soon as possible" took a toll on world markets, damage was as high as 6.92% in Greece, Italy 6.7%...
There is a widespread support in Greece for this action, contrary to media reports.
Meeting between German, French & Greek leaders on Wednesday will not produce any change, maybe a smoothing of opposite points of view.
This sounds like a long drawn out politics "Greek Style"..in the end vote will show a split decision..Yes for EU & No for bailout...take this to the bank...so will be back to drawing board again in New Year...Greece holding centre stage again......
Markets in US were down 2.48% to 2.89%.
S&P 500 closed @ 1218.28
RSI @ 50.54
Internals of the market were negative as follows :
Down volume led by 14.56 to 1 in NYSE & 13.51 to 1 in Nasdaq
Declining Stocks led by 5.77 to 1 in NYSE & 5.59 to 1 in Nasdaq
52 wk lows were in the lead again , 31 in NYSE & 52 in Nasdaq
Oil closed @ $92.19
Gold closed @ $1711.80
AH ER were greeted as follows :
ATML Down 4.76%
JDSU UP 4.53%
AH Futures UP
AH Asian Markets Down
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
There is a widespread support in Greece for this action, contrary to media reports.
Meeting between German, French & Greek leaders on Wednesday will not produce any change, maybe a smoothing of opposite points of view.
This sounds like a long drawn out politics "Greek Style"..in the end vote will show a split decision..Yes for EU & No for bailout...take this to the bank...so will be back to drawing board again in New Year...Greece holding centre stage again......
Markets in US were down 2.48% to 2.89%.
S&P 500 closed @ 1218.28
RSI @ 50.54
Internals of the market were negative as follows :
Down volume led by 14.56 to 1 in NYSE & 13.51 to 1 in Nasdaq
Declining Stocks led by 5.77 to 1 in NYSE & 5.59 to 1 in Nasdaq
52 wk lows were in the lead again , 31 in NYSE & 52 in Nasdaq
Oil closed @ $92.19
Gold closed @ $1711.80
AH ER were greeted as follows :
ATML Down 4.76%
JDSU UP 4.53%
AH Futures UP
AH Asian Markets Down
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
S&P low today 1215.42, down 5.98% in last 36 hours ?
Greece got the whole world stock market in a tailspin, thanks to their decision to allow referendum, which guarantees a NO vote.
European markets were down 6% after the news.
I was extremely disappointed @ this "turn of event"......
US market reaction is much more subdued ?
IS HFT banking on good riddance of Greece verdict?
S&P 500 was down 5.98% from its high of 36 hrs ago ?
RSI is 51.89
Internals are negative by 6 to 1 to 15 to 1....
Oil Down $2.49
Gold Down $19.80
Canadian $ Down 1.67 cent @ 98.36...sharp drop due to Oil & commodity based economy....
VIX UP 18.39% @ 35.47...it was as high as 37.53
Portfolio is LVS,JCP,POT,RVBD,TLM..had a sell order for two @ open, saved by my higher price....
Most stocks are down
@ 1.52 following are green :
LVS,APKT,ULTA,AEM,SDS,SMN,QID,FAZ,
NDAQ....
BLOG does NOT give buy or sell.
Saleem
European markets were down 6% after the news.
I was extremely disappointed @ this "turn of event"......
US market reaction is much more subdued ?
IS HFT banking on good riddance of Greece verdict?
S&P 500 was down 5.98% from its high of 36 hrs ago ?
RSI is 51.89
Internals are negative by 6 to 1 to 15 to 1....
Oil Down $2.49
Gold Down $19.80
Canadian $ Down 1.67 cent @ 98.36...sharp drop due to Oil & commodity based economy....
VIX UP 18.39% @ 35.47...it was as high as 37.53
Portfolio is LVS,JCP,POT,RVBD,TLM..had a sell order for two @ open, saved by my higher price....
Most stocks are down
@ 1.52 following are green :
LVS,APKT,ULTA,AEM,SDS,SMN,QID,FAZ,
NDAQ....
BLOG does NOT give buy or sell.
Saleem
Reducing exposure on Greece decision......
I will be selling majority of my stocks @ open.
Out of 5 stocks, i am planning to keep only 2.
Greece news of referendum is a serious blow to
European debt resolution.
BLOG does NOT give buy or sell.
Saleem
Out of 5 stocks, i am planning to keep only 2.
Greece news of referendum is a serious blow to
European debt resolution.
BLOG does NOT give buy or sell.
Saleem
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