Indices are mostly flat, but Nasdaq showing some weakness.
Today is weekly Option Expiry which is affecting some high fliers as they were brought below certain strike price.....
Gold UP $13.10
Oil UP $1.50
Canadian $ UP 40 tick @ 100.40..a record high in a year....
In my portfolio :
Bought MGM @ $14.65
Added 20% RVBD @ $35.59
Portfolio is BAC,FFIV,PCLN,AUY,MGM,RVBD,AAPL,AMZN.....
Strong stocks includes WYNN,LVS,SLW,TCK,POT,ISRG,FNSR,
FMCN,GG,ECA,ABX,GS....
Post was delayed due to New Year preparation.
Wishing Happy New Year to all BLOG visitors.
Next post by noon Sunday.
BLOG does NOT give buy or sell.
Saleem
Friday, December 31, 2010
Thursday, December 30, 2010
Mild pullback in all Indices....
Indices pulled back @ close by .15%...pretty good considering we are very near two year highs..
Internals of the markets were slightly negative...
Stocks which were UP included RVBD,LULU,ARUN,POT,AGU,
TCK,SOHU,IBN,MOS,M,X,SOL,SNDK.....
AH Futures UP
AH Asian markets Mixed
AH Oil Down
AH Gold UP
On a personal note,completed my printout for 2010 for Tax filing purposes.In Canada Capital Gains rules are different from US.... it is 50% taxed for all gains & 50% carryover of all Loss.You are charged same 50% if you hold for 1 day or 10 years....50% is added to your TAXABLE income.Loss can be applied against Gains only..No Loss is allowed IF you have NO gains.....
In stocks i lost 3.3% for the year....
On my short US$ & long Canadian $,I had a gain of 51.1%......I am continuing this strategy in 2011 as i expect Canadian $ to gain further against US$...
Overall i had a gain of 47.8%......
First Eight months of the year was not good for me in stocks , as markets were quite erratic until end of August.....after that it was a slow crawl back ending in 3.3% loss.
BLOG does NOT give buy or sell.
Saleem
Internals of the markets were slightly negative...
Stocks which were UP included RVBD,LULU,ARUN,POT,AGU,
TCK,SOHU,IBN,MOS,M,X,SOL,SNDK.....
AH Futures UP
AH Asian markets Mixed
AH Oil Down
AH Gold UP
On a personal note,completed my printout for 2010 for Tax filing purposes.In Canada Capital Gains rules are different from US.... it is 50% taxed for all gains & 50% carryover of all Loss.You are charged same 50% if you hold for 1 day or 10 years....50% is added to your TAXABLE income.Loss can be applied against Gains only..No Loss is allowed IF you have NO gains.....
In stocks i lost 3.3% for the year....
On my short US$ & long Canadian $,I had a gain of 51.1%......I am continuing this strategy in 2011 as i expect Canadian $ to gain further against US$...
Overall i had a gain of 47.8%......
First Eight months of the year was not good for me in stocks , as markets were quite erratic until end of August.....after that it was a slow crawl back ending in 3.3% loss.
BLOG does NOT give buy or sell.
Saleem
Indices slightly RED in holiday trading.....
Indices are down in slow holiday trading.
Gold Down $9.30
Oil Down $1.77
Canadian $ Down 2 tick @ 99.92
Portfolio is BAC,FFIV,PCLN,RVBD,AUY,AAPL,AMZN
Most stocks are Down
@ 12.11 following are GREEN :
RVBD,POT,LULU,TCK,AKAM,AGU,MOS,SOHU,
M,X,LEN,JDSU,CIEN,SNDK,CRUS,ARUN,EBIX,
ASIA,FMCN,RCI,IBN,SNDA,TTM,VAR....
BLOG does NOT give buy or sell.
Saleem
Gold Down $9.30
Oil Down $1.77
Canadian $ Down 2 tick @ 99.92
Portfolio is BAC,FFIV,PCLN,RVBD,AUY,AAPL,AMZN
Most stocks are Down
@ 12.11 following are GREEN :
RVBD,POT,LULU,TCK,AKAM,AGU,MOS,SOHU,
M,X,LEN,JDSU,CIEN,SNDK,CRUS,ARUN,EBIX,
ASIA,FMCN,RCI,IBN,SNDA,TTM,VAR....
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 29, 2010
Indices closed GREEN...NICE !!!
Market continues to give a clear signal that it wants to go higher.All indices closed green.
China PMI came in @ 54.4 in December vs 55.3 in November......Dec data slowed to a 3 month low...but it is being digested by Asian markets..Shanghai is Down .36% improving from previous low of almost 1% Down......Hang Seng is Down .12% after being Down .7%......
Currently US Futures are UP
AH Oil UP
AH Gold Down
Stocks which were UP included FFIV,PCLN,RVBD,AMZN,GOOG,AGU,POT,
WYNN,BIDU,CNQ,MOS,IBN,IGTE....
BLOG does NOT give buy or sell.
Saleem
China PMI came in @ 54.4 in December vs 55.3 in November......Dec data slowed to a 3 month low...but it is being digested by Asian markets..Shanghai is Down .36% improving from previous low of almost 1% Down......Hang Seng is Down .12% after being Down .7%......
Currently US Futures are UP
AH Oil UP
AH Gold Down
Stocks which were UP included FFIV,PCLN,RVBD,AMZN,GOOG,AGU,POT,
WYNN,BIDU,CNQ,MOS,IBN,IGTE....
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 @ new high...NICE !!!!
All indices are green,while Dow & S&P 500 @ new high...
RSI in S&P 500 @ 72.24...looks like 80 is a possibility.
Gold UP $6.90
Oil Down 29 cents
Canadian $ UP 15 tick @ 99.98
Portfolio is AAPL,AMZN,BAC,FFIV,PCLN,RVBD,AUY
Most stocks are UP
AG stocks are strong
@ 12.08 following are RED :
PCLN,FFIV,ARUN,CRM,NFLX,GS,F,
TCK,RIMM,JKS,SOHU,ISRG,CREE,
JDSU,CIEN,FNSR,SNDK,FMCN,SNDA,
SINA,ICE,NTES,FUQI,NYX,VAR,GNK.
BLOG does NOT give buy or sell.
Saleem
RSI in S&P 500 @ 72.24...looks like 80 is a possibility.
Gold UP $6.90
Oil Down 29 cents
Canadian $ UP 15 tick @ 99.98
Portfolio is AAPL,AMZN,BAC,FFIV,PCLN,RVBD,AUY
Most stocks are UP
AG stocks are strong
@ 12.08 following are RED :
PCLN,FFIV,ARUN,CRM,NFLX,GS,F,
TCK,RIMM,JKS,SOHU,ISRG,CREE,
JDSU,CIEN,FNSR,SNDK,FMCN,SNDA,
SINA,ICE,NTES,FUQI,NYX,VAR,GNK.
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 28, 2010
Indices closed Mixed....
Dow & S&P 500 continued their march towards higher close, while Nasdaq took a well deserved rest.
Internals of the market were negative.
Stocks which were UP included AUY,BAC,AAPL,POT,AGU,
MGM,NFLX,SLW,TCK,IAG,GG,X,CIEN.....
Stocks are marking time before an explosive move UP,NEVER take a basing market as boring or negative.
AH Futures UP
AH Asian markets UP
AH Oil Down
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Internals of the market were negative.
Stocks which were UP included AUY,BAC,AAPL,POT,AGU,
MGM,NFLX,SLW,TCK,IAG,GG,X,CIEN.....
Stocks are marking time before an explosive move UP,NEVER take a basing market as boring or negative.
AH Futures UP
AH Asian markets UP
AH Oil Down
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
Nasdaq taking R&R today,other indices GREEN..NICE !!!
Nasdaq is lagging behind as most high fliers are taking a rest.Dow & S&P 500 are staying green .
Gold UP $23.10
Oil UP 47 cents
Canadian $ UP 72 tick @ 100.04..above par of US$....
Portfolio is BAC,FFIV,PCLN,RVBD,AUY,AAPL,AMZN.....
@ 2.06 following are GREEN :
AUY,BAC,AAPL,MGM,NFLX,SLW,POT,CNQ,
TCK,IAG,X,GG,CIEN,CCME,RCI,AEM,ABX,
JRCC,FWLT.....
BLOG does NOT give buy or sell.
PS...Had to step out for some chores,thus delay in BLOG posting.
Saleem
Gold UP $23.10
Oil UP 47 cents
Canadian $ UP 72 tick @ 100.04..above par of US$....
Portfolio is BAC,FFIV,PCLN,RVBD,AUY,AAPL,AMZN.....
@ 2.06 following are GREEN :
AUY,BAC,AAPL,MGM,NFLX,SLW,POT,CNQ,
TCK,IAG,X,GG,CIEN,CCME,RCI,AEM,ABX,
JRCC,FWLT.....
BLOG does NOT give buy or sell.
PS...Had to step out for some chores,thus delay in BLOG posting.
Saleem
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