Indices in US followed world markets which had the worst quarter since 2008. European Stoxx Europe 600 index closed Q3 down 17%+...
S&P 500 closed near low of the day @ 1131.42
RSI @ 40.95
Oil closed @ $78.67 down $3.47
Gold closed @ $1621.20 UP $5.70
VIX closed @ 42.96 + 10.61%
Internals were negative by almost 4 to 1 while Down volume led by 9.25 to 1 in Nasdaq.
New 52 wk lows were 383 in NYSE & 230 in Nasdaq
Stocks which ended green included AUY,GG,ABX,AEM,
GHDX,KGC......
Next post by 2 PM Sunday
BLOG does NOT give buy or sell.
Saleem
Friday, September 30, 2011
Sold AUY & MU.....
Sold AUY
Sold MU
Portfolio is RIMM & LULU
Market exposure 24.4%
BLOG does NOT give buy or sell.
Saleem
Sold MU
Portfolio is RIMM & LULU
Market exposure 24.4%
BLOG does NOT give buy or sell.
Saleem
Thursday, September 29, 2011
Indices closed Mixed.....
Indices closed mixed in an UP DOWN session.
S&P 500 closed @ 1160.40..low today 1139.93 while high was 1175.87...as you can see there was an intraday swing of 35.94 points or 3.05% from low to high.....
Internals were positive by 50%
Oil closed @ $82.14
Gold closed @ $1617.30
MU earning was well below expectations...AH it was down 3.41%.....
Today's TAPE was an extreme let down, because of a major downdraft in BIDU, which i had held for a while. Accounting probe of unknown Chinese company took a toll in many Chinese companies FMCN,YOKU,SINA & BIDU to name a few.
It is tough enough dealing with all the cross current of this market, but when a stock loss is in excess of 14% in a day on unknown reason for BIDU...it is hard to make any sense of current market environment.....
Technology TAPE is extremely weak for most stocks, although we are coming to traditionally strong Q4, BUT tech demand is weakening due to economic condition......
I am going through a major rethink of how to position in this market.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1160.40..low today 1139.93 while high was 1175.87...as you can see there was an intraday swing of 35.94 points or 3.05% from low to high.....
Internals were positive by 50%
Oil closed @ $82.14
Gold closed @ $1617.30
MU earning was well below expectations...AH it was down 3.41%.....
Today's TAPE was an extreme let down, because of a major downdraft in BIDU, which i had held for a while. Accounting probe of unknown Chinese company took a toll in many Chinese companies FMCN,YOKU,SINA & BIDU to name a few.
It is tough enough dealing with all the cross current of this market, but when a stock loss is in excess of 14% in a day on unknown reason for BIDU...it is hard to make any sense of current market environment.....
Technology TAPE is extremely weak for most stocks, although we are coming to traditionally strong Q4, BUT tech demand is weakening due to economic condition......
I am going through a major rethink of how to position in this market.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
MU Beats on Sales, EPS loss of 14 cents...
MU ER were as follows :
Sales $2.14 Billion vs expectations of $2.11 Billion..a beat
EPS loss of 14 cents VS expectations of 1 cent profit
Loss resulted from sharply lower DRAM prices....
MU AH Bid $5.71 Ask $5.74..closed @ $5.87
MU has been beaten down, thus behaving OK in AH Down 14 cents.
CC is @ 5.30 PM...i will not listen to cc.
BLOG does NOT give buy or sell.
Saleem
Sales $2.14 Billion vs expectations of $2.11 Billion..a beat
EPS loss of 14 cents VS expectations of 1 cent profit
Loss resulted from sharply lower DRAM prices....
MU AH Bid $5.71 Ask $5.74..closed @ $5.87
MU has been beaten down, thus behaving OK in AH Down 14 cents.
CC is @ 5.30 PM...i will not listen to cc.
BLOG does NOT give buy or sell.
Saleem
Indices Mixed.....
Dow is green, while Nasdaq is down 2.13%...
S&P 500 @ 1144.....
Internals are positive in NYSE & Negative in Nasdaq
IF i have to guess, it is all about Weekly Option Expiry which expires on Friday....
Nasdaq stocks are taking on the chin & in deep red....
Oil UP $1.20
Gold Down 20 cents
Canadian $ Down 15 tick @ 96.53
VIX UP .22%@ 41.17..real surprise when Nasdaq is so weak ?
In my portfolio :
Sold BIDU
Sold AMZN
Sold PMCS
Portfolio is LULU,MU,RIMM,AUY
MU reports AH, expectations are Sales $2.14 billion & EPS of 2 cents ..expectations for next Q is Sales $2.28 Billion & EPS of 9 cents....
Most stocks are Down
@ 2.16 following are green :
GLD,SLV,IBN,KGC,BAC,C....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1144.....
Internals are positive in NYSE & Negative in Nasdaq
IF i have to guess, it is all about Weekly Option Expiry which expires on Friday....
Nasdaq stocks are taking on the chin & in deep red....
Oil UP $1.20
Gold Down 20 cents
Canadian $ Down 15 tick @ 96.53
VIX UP .22%@ 41.17..real surprise when Nasdaq is so weak ?
In my portfolio :
Sold BIDU
Sold AMZN
Sold PMCS
Portfolio is LULU,MU,RIMM,AUY
MU reports AH, expectations are Sales $2.14 billion & EPS of 2 cents ..expectations for next Q is Sales $2.28 Billion & EPS of 9 cents....
Most stocks are Down
@ 2.16 following are green :
GLD,SLV,IBN,KGC,BAC,C....
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 28, 2011
Indices closed Down 1.61% to 2.17%.....
Indices closed near lows of the day on "no news".....
Media (CNBC) explanation for this slump was German vote...BUT DAX closed Down only .89% while US indices slumped as much as 2.17%.....explanation for today's slump is "bizarre" as far as i am concerned.
HFT has total control of this market & they can increase the NOISE level on any non-issue through CNBC......
S&P 500 closed @ 1151.06 with RSI @ 43.89......S&P went UP from 1114 to 1195 for a gain of 81 points or 7.27%.....then from 1195 to 1151 DOWN 44 points or 3.7%...so HFT is driving this market @ will..all this in FOUR trading days......while news flow has not changed @ all??????
Internals of this market were :
Down volume led by 26.04 to 1 in NYSE & 15.08 to 1 in Nasdaq
Declining stocks led by 4.78 to 1 in NYSE & 5.30 to 1 in Nasdaq
As you can clearly see that Down volume was pushed hard by HFT while declining ratio is relatively tame......it has HFT written all over it.......
I bought LULU @ $53.34
I analyzed RSI for my stocks after close & it is very interesting :
AMZN 57.73
BIDU 33.36
LULU 44.21
MU 43.48
RIMM 33.33
AUY 35.16
PMCS 48.98
Who could have guessed that RSI of BIDU & RIMM could be same? OR MU or LULU could be so close ?...all i can say that valuation have gone totally out of sync..
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Media (CNBC) explanation for this slump was German vote...BUT DAX closed Down only .89% while US indices slumped as much as 2.17%.....explanation for today's slump is "bizarre" as far as i am concerned.
HFT has total control of this market & they can increase the NOISE level on any non-issue through CNBC......
S&P 500 closed @ 1151.06 with RSI @ 43.89......S&P went UP from 1114 to 1195 for a gain of 81 points or 7.27%.....then from 1195 to 1151 DOWN 44 points or 3.7%...so HFT is driving this market @ will..all this in FOUR trading days......while news flow has not changed @ all??????
Internals of this market were :
Down volume led by 26.04 to 1 in NYSE & 15.08 to 1 in Nasdaq
Declining stocks led by 4.78 to 1 in NYSE & 5.30 to 1 in Nasdaq
As you can clearly see that Down volume was pushed hard by HFT while declining ratio is relatively tame......it has HFT written all over it.......
I bought LULU @ $53.34
I analyzed RSI for my stocks after close & it is very interesting :
AMZN 57.73
BIDU 33.36
LULU 44.21
MU 43.48
RIMM 33.33
AUY 35.16
PMCS 48.98
Who could have guessed that RSI of BIDU & RIMM could be same? OR MU or LULU could be so close ?...all i can say that valuation have gone totally out of sync..
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Indices Down .89% to 1.40% .....
Indices are near lows of the day due to jitteriness by investors & traders.
Internals are negative by 3 to 1
Oil Down $2.52
Gold Down $35
Canadian $ Down 67 tick @ 97.36
VIX UP 6.13% @ 40.02
Portfolio AMZN,BIDU,MU,RIMM,AUY,PMCS.....
Most stocks are Down
@ 2.07 following are Green :
AMZN,JCP,HSOL....
BLOG does NOT give buy or sell.
Saleem
Internals are negative by 3 to 1
Oil Down $2.52
Gold Down $35
Canadian $ Down 67 tick @ 97.36
VIX UP 6.13% @ 40.02
Portfolio AMZN,BIDU,MU,RIMM,AUY,PMCS.....
Most stocks are Down
@ 2.07 following are Green :
AMZN,JCP,HSOL....
BLOG does NOT give buy or sell.
Saleem
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