Indices are in green again after German court said OK to bailout.
S&P 500 @ 1437.74
Internals are positive.
Oil Down 21 cents
Gold Down $1.40
Canadian $ Down 17 tick @ 102.55
VIX Down 2.38% @ 16.02
In my portfolio :
Added 55% AUY @ $17.18
Portfolio is EXPE,LVS,LEN,SNDK,TCK,AUY
Exposure 103%
Most stocks are UP
@ 2.00 following are red :
TCK,AEM,JCP,BIDU,YUM,KORS,MLNX,PANW,
COH,CLF,MOS,MCD,STLD,AEM,CCJ,ECA,MGA,
BAC.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 12, 2012
Tuesday, September 11, 2012
Dow closed @ highest level since Dec 2007....NICE !!!!
Indices closed UP by .02% to .52%. Dow made the highest close since Dec 2007.
S&P 500 closed @ 1433.56
RSI @ 64.84
CMF 0.120
Internals were :
UP volume led by 3.11 to 1 in NYSE & 1.42 to 1 in Nasdaq
Advancing stocks led by 2.06 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & 64 in Nasdaq
VIX closed UP .8% @ 16.41
Oil closed @ $97.17
Gold closed @ $1734.90
Stocks which were UP 1% or more included EXPE,SNDK,TCK,
JCP,CLF,PCLN,MA,V,GMCR,FB,JDSU,FNSR,C,DNKN,
YUM,AGU.....
AH Futures UP
AH Asian Markets UP
AH Gold UP
AH Oil Down
About market, German courts on Wednesday, should give its blessing to Germany's role in ECB financing.Thursday, Fed should "improve their language" in their statement. All this should be a positive catalyst for the market. I suggest stay engaged till we see a defined reversal in the market.Near 1500 we may see hesitation.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1433.56
RSI @ 64.84
CMF 0.120
Internals were :
UP volume led by 3.11 to 1 in NYSE & 1.42 to 1 in Nasdaq
Advancing stocks led by 2.06 to 1 in NYSE & 1.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 169 in NYSE & 64 in Nasdaq
VIX closed UP .8% @ 16.41
Oil closed @ $97.17
Gold closed @ $1734.90
Stocks which were UP 1% or more included EXPE,SNDK,TCK,
JCP,CLF,PCLN,MA,V,GMCR,FB,JDSU,FNSR,C,DNKN,
YUM,AGU.....
AH Futures UP
AH Asian Markets UP
AH Gold UP
AH Oil Down
About market, German courts on Wednesday, should give its blessing to Germany's role in ECB financing.Thursday, Fed should "improve their language" in their statement. All this should be a positive catalyst for the market. I suggest stay engaged till we see a defined reversal in the market.Near 1500 we may see hesitation.
BLOG does NOT give buy or sell.
Saleem
Indices UP .27% to .70%......NICE !!!!
Indices are back on track of going UP.
S&P 500 @ 1435.69
Internals are positive
Oil UP 47 cents
Gold UP $3.50
Canadian $ UP 54 tick @ 102.83
VIX Down 1.6% @ 16.02
Portfolio is EXPE,LVS,LEN,SNDK,TCK,AUY
Most stocks are UP
@ 1.56 following are down :
AUY,KORS,M,GOOG,AMZN,PANW,
NTES,COH,LRCX,MU,ARNA,CCJ,
APKT.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1435.69
Internals are positive
Oil UP 47 cents
Gold UP $3.50
Canadian $ UP 54 tick @ 102.83
VIX Down 1.6% @ 16.02
Portfolio is EXPE,LVS,LEN,SNDK,TCK,AUY
Most stocks are UP
@ 1.56 following are down :
AUY,KORS,M,GOOG,AMZN,PANW,
NTES,COH,LRCX,MU,ARNA,CCJ,
APKT.....
BLOG does NOT give buy or sell.
Saleem
Monday, September 10, 2012
Indices closed down .39% to 1.03%......
Indices drifted lower, closing near lows of the day.
S&P 500 closed @ 1429.08
RSI 63.12
CMF 0.144
Internals were :
Down volume led by 2.16 to 1 in NYSE & 2.80 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 193 in NYSE & 77 in Nasdaq
VIX rocketed UP 13.21% @ 16.28.....HFT must be involved in this "crazy jump" with no relevance to the weakness in Dow or S&P 500 ????
Oil closed UP @ $96.54
Gold closed Down @ $1731.80
Stocks which closed UP included CMG,JCP,MA,GMCR,YUM,
FCX,PANW,MCD,BJRI,WYNN,SNE.......
AH ER PANW Down 9.55%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, today was profit taking after multi year highs. S&P 500 made a new high today. I personally believe that this pullback was normal, after such a huge run. Any weakness to be bought. We should resume our march to higher highs, could be as soon as Tuesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1429.08
RSI 63.12
CMF 0.144
Internals were :
Down volume led by 2.16 to 1 in NYSE & 2.80 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk highs were leading by 193 in NYSE & 77 in Nasdaq
VIX rocketed UP 13.21% @ 16.28.....HFT must be involved in this "crazy jump" with no relevance to the weakness in Dow or S&P 500 ????
Oil closed UP @ $96.54
Gold closed Down @ $1731.80
Stocks which closed UP included CMG,JCP,MA,GMCR,YUM,
FCX,PANW,MCD,BJRI,WYNN,SNE.......
AH ER PANW Down 9.55%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, today was profit taking after multi year highs. S&P 500 made a new high today. I personally believe that this pullback was normal, after such a huge run. Any weakness to be bought. We should resume our march to higher highs, could be as soon as Tuesday.
BLOG does NOT give buy or sell.
Saleem
Indices down .05% to .60%.....
Indices are down slightly, after huge moves last week.
S&P 500 @ 1435.16, after hitting new high of 1438.74
RSI @ 67.72
Internals are mostly positive.
Oil Down 38 cents
Gold Down $8.90
Canadian $ UP 15 tick @ 102.38, a new 52 wk high
VIX UP 2.99% @ 14.81
In my portfolio :
Bought AUY @ $17.66
Portfolio is EXPE,LVS,LEN,SNDK,TCK,AUY
Exposure 100%
Most stocks are UP
@ 2.02 following are down :
EXPE,LVS,LEN,AUY,AEM,GG,
PCLN,KORS,AAPL,AMZN,
GOOG,LNKD,AGU,MLNX,
V,CIEN,MOS,SINA,NTES,
MS,GS.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1435.16, after hitting new high of 1438.74
RSI @ 67.72
Internals are mostly positive.
Oil Down 38 cents
Gold Down $8.90
Canadian $ UP 15 tick @ 102.38, a new 52 wk high
VIX UP 2.99% @ 14.81
In my portfolio :
Bought AUY @ $17.66
Portfolio is EXPE,LVS,LEN,SNDK,TCK,AUY
Exposure 100%
Most stocks are UP
@ 2.02 following are down :
EXPE,LVS,LEN,AUY,AEM,GG,
PCLN,KORS,AAPL,AMZN,
GOOG,LNKD,AGU,MLNX,
V,CIEN,MOS,SINA,NTES,
MS,GS.....
BLOG does NOT give buy or sell.
Saleem
Sunday, September 9, 2012
Indices are all set for more new highs.....
Indices are setting the stage for more gains.
S&P 500 closed @ absolute high on Friday @ 1437.92.
Friday's gain is more important as it came on "downbeat Jobs data". Indices should have pulled back "substantially"...but it did not on bad news. Actually we closed @ highest point in S&P 500. This is a strong signal that we are going "further UP".
Many traders are counting on what could go wrong, but indices have ignored majority of "wrongs"
TAPE is relieved that, ECB has come "full force" to defend European Economy & Euro. IMF is also backing & will participate in ECB plan.
Many non-events are being talked about, like German verdict or Fed move...those are not going to be "the key driver of world stock market"....it was all along ECB & they have come through.
TAPE has given its verdict "over & over again" that ECB matters......
Now the question IS.......?
Where do we go from here ?
I personally believe that S&P 500 could march towards 1500, overbought conditions can be monitored by keeping an eye on RSI.....currently its @ 69.34..it can easily go towards 80 area based on current strength.
Any pullbacks, should be viewed as "normal" in a strong bull market.
I have not seen this kind of stable market in a long time, strategy needs to reflect that. Most stocks are getting stronger & stronger going into 80 RSI..a sign of a very strong TAPE.
Chinese slowdown should reverse soon. & will go to normalized GDP growth of around 9%.
Indian economy should also emerge from their slowdown of 5% GDP towards 7% GDP
US economy is showing pulse if one can "ignore biased political outburst"
Canadian economy will surge once Chinese GDP goes in growth mode. Canada is heavily dependent on Commodities export.
With ECB decision & surging Euro, confidence in EU zone will gradually return.
All of the above is very good for "psychological boost" to investors confidence worldwide.
SO..be OPTIMISTIC as TAPE has turned for the BETTER.
Be diversified & be confident, as EQUITIES have once again come around, to be the-best future investment.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ absolute high on Friday @ 1437.92.
Friday's gain is more important as it came on "downbeat Jobs data". Indices should have pulled back "substantially"...but it did not on bad news. Actually we closed @ highest point in S&P 500. This is a strong signal that we are going "further UP".
Many traders are counting on what could go wrong, but indices have ignored majority of "wrongs"
TAPE is relieved that, ECB has come "full force" to defend European Economy & Euro. IMF is also backing & will participate in ECB plan.
Many non-events are being talked about, like German verdict or Fed move...those are not going to be "the key driver of world stock market"....it was all along ECB & they have come through.
TAPE has given its verdict "over & over again" that ECB matters......
Now the question IS.......?
Where do we go from here ?
I personally believe that S&P 500 could march towards 1500, overbought conditions can be monitored by keeping an eye on RSI.....currently its @ 69.34..it can easily go towards 80 area based on current strength.
Any pullbacks, should be viewed as "normal" in a strong bull market.
I have not seen this kind of stable market in a long time, strategy needs to reflect that. Most stocks are getting stronger & stronger going into 80 RSI..a sign of a very strong TAPE.
Chinese slowdown should reverse soon. & will go to normalized GDP growth of around 9%.
Indian economy should also emerge from their slowdown of 5% GDP towards 7% GDP
US economy is showing pulse if one can "ignore biased political outburst"
Canadian economy will surge once Chinese GDP goes in growth mode. Canada is heavily dependent on Commodities export.
With ECB decision & surging Euro, confidence in EU zone will gradually return.
All of the above is very good for "psychological boost" to investors confidence worldwide.
SO..be OPTIMISTIC as TAPE has turned for the BETTER.
Be diversified & be confident, as EQUITIES have once again come around, to be the-best future investment.
BLOG does NOT give buy or sell.
Saleem
Friday, September 7, 2012
Indices closed UP.02% to .40%....AGAIN !!!!
Indices closed UP again. Volume remained above average. This despite below consensus 96K job creation. In Canada Job creation was way above consensus, expectations 10K actual 34.3K.....
S&P 500 closed @ absolute high of the day.
S&P 500 @ 1437.92
CMF 0.246
RSI @ 69.34
Internals were :
UP volume led by 2.49 to 1 in NYSE & .96 to 1 in Nasdaq
Advancing stocks led by 2.11 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 273 in NYSE & 121 in Nasdaq
VIX Down 7.82% @ 14.38
Oil @ $96.42
Gold @ $1740.50
Canadian $ UP 48 tick @ 102.23, new 4 month high...
In my portfolio:
Sold OCZ
Bought SNDK @ $43.80
Added 50% EXPE @ $53.97
Portfolio is EXPE,LVS,LEN,SNDK,TCK
Here is my portfolio weighting :
LEN 27.60%
EXPE 22.00%
LVS 18.62%
TCK 16.78%
SNDK 15.00%
Exposure 94%
Stocks which were UP 2% or more included LVS,TCK,
OCZ,YUM,CMG,PCLN,LULU,FCX,AMZN,GG,
COH,CLF,SU,GMCR,JDSU,CIEN,FNSR,C,X,
STLD,EGO,AEM,CCJ,APKT,SINA,ECA,MGA,
BAC,MS,BJRI,SNE,GS,IBN.....
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ absolute high of the day.
S&P 500 @ 1437.92
CMF 0.246
RSI @ 69.34
Internals were :
UP volume led by 2.49 to 1 in NYSE & .96 to 1 in Nasdaq
Advancing stocks led by 2.11 to 1 in NYSE & 1.32 to 1 in Nasdaq
Net new 52 wk highs were leading by 273 in NYSE & 121 in Nasdaq
VIX Down 7.82% @ 14.38
Oil @ $96.42
Gold @ $1740.50
Canadian $ UP 48 tick @ 102.23, new 4 month high...
In my portfolio:
Sold OCZ
Bought SNDK @ $43.80
Added 50% EXPE @ $53.97
Portfolio is EXPE,LVS,LEN,SNDK,TCK
Here is my portfolio weighting :
LEN 27.60%
EXPE 22.00%
LVS 18.62%
TCK 16.78%
SNDK 15.00%
Exposure 94%
Stocks which were UP 2% or more included LVS,TCK,
OCZ,YUM,CMG,PCLN,LULU,FCX,AMZN,GG,
COH,CLF,SU,GMCR,JDSU,CIEN,FNSR,C,X,
STLD,EGO,AEM,CCJ,APKT,SINA,ECA,MGA,
BAC,MS,BJRI,SNE,GS,IBN.....
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
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