Markets will remain volatile...which was evident today......
One day UP and next day DOWN...until Feds "satisfies BEARS that they are serious about helping economy with a rate CUT"
Based on ongoing odds...thursday should be an UP day......law of statistics working here !!!!
Believe it or not ......Nasdaq was the healthy one...more new 52 wk HIGHS than lows......
Markets internals "improved by close"
RIMM,SNDK & VMW was the weak ones.......have a" feeling"that $63.65 low on VMW may HOLD.....
NVT & EGO remained GREEN.......
Overall a bad day for me........
AAPL got sold off "on sell the news"...down $8++ AH
BIDU is the last stock standing on its own Two feet...UP $2.78 after hitting another 52 week HIGH......
GOOG is behaving well..UP $2.65..only $31 away from hitting new 52 WK HIGH.....
GRMN UP $1.42 after hitting another 52 wk HIGH........
Good luck on thursday !!!!
BLOG does not give buy or sell.
Saleem
Wednesday, September 5, 2007
Markets down ahead of "beige book"
Markets are showing "weakness ahead of the release of beige book @ 2 PM"and ongoing negative news on housing.....
Markets are weak also because of "swift move UP in the last 5 trading days"
A giveback was in order....beige book may give reason for markets to gain some traction by close.
RIMM is down $1.32
SNDK down $1.32
VMW is looking for support low today $64.04.....feels like a bottom today..we will see... currently down $2.70 on heavy volume....feels like "capitulation by many"....I am staying put with my entire position currently down $4.70/per share from my cost......
NVT is bucking the downdraft by staying green...UP 70 Cents.....nice to have one green in my portfolio......
Added 60% more EGO this AM......green is the color....whenever I go in gold..it is a statement of oversold in gold stocks and mini-overbought in nasdaq....
@11.21 AM the following are green in my watch list:
AAPL,BIDU,FMCN,YHOO (takeover talk),AOB,GRMN(new high),
SNE,SOHU(near 52 wk high),XING,NTRI.
Hoping for a better close today.
BLOG does not give buy or sell.
Saleem
Markets are weak also because of "swift move UP in the last 5 trading days"
A giveback was in order....beige book may give reason for markets to gain some traction by close.
RIMM is down $1.32
SNDK down $1.32
VMW is looking for support low today $64.04.....feels like a bottom today..we will see... currently down $2.70 on heavy volume....feels like "capitulation by many"....I am staying put with my entire position currently down $4.70/per share from my cost......
NVT is bucking the downdraft by staying green...UP 70 Cents.....nice to have one green in my portfolio......
Added 60% more EGO this AM......green is the color....whenever I go in gold..it is a statement of oversold in gold stocks and mini-overbought in nasdaq....
@11.21 AM the following are green in my watch list:
AAPL,BIDU,FMCN,YHOO (takeover talk),AOB,GRMN(new high),
SNE,SOHU(near 52 wk high),XING,NTRI.
Hoping for a better close today.
BLOG does not give buy or sell.
Saleem
Tuesday, September 4, 2007
Markets "depressing skeptics" closed Strong AGAIN $$$
Markets are "doing the impossible by showing back to back STRENGTH"
Herb Greenberg...is becoming Herb REDberg..by continously making no logic..no sense and KEEPS yapping about NOTHING....I do not think he can convince even himself..about his BEARISH utterances...you have to see the FEAR in his face ...when he talks negative about markets.....
Looks like Fast Money will have one MORE change in their "lineup"...first Strazzini gave UP and looks like Bolling said "sayonara"......now they have one more "put /Insurance buyer in their new lineup"
RIMM inspite of "downgrade " went to new ALL TIME HIGH......talk of credibility issue with the downgrade...nobody was selling into that "dumb call".....RIMM was down a FULL 7 Centavos.....actually GREEN in AH.......
NVT UP $2.80...a real breakout from its recent trading range...on improving fundamentals....new target by www.stockconsultant.com to $71.40...
SNDK another breakout heading towards $61 area....UP $2.04....
VMW was down $1.44...near LOW of the day......
EGO was UP 2.9%....another breakout immediate target $6.04......
Other strong performers were:
AAPL on ipod & videopod updates on wed presentation...near 52 wk high...
BIDU went to new all time high....on improving fundamentals......
GRMN went to new all time high...on booming GPS devices....
GOOG showing strength on you tube ad format.....
Markets are on a roll...starting soft and gaining momentum during PM.....
So much for sep WEAKNESS .......
Good luck for wed........
BLOG does not give buy or sell.
Saleem
Herb Greenberg...is becoming Herb REDberg..by continously making no logic..no sense and KEEPS yapping about NOTHING....I do not think he can convince even himself..about his BEARISH utterances...you have to see the FEAR in his face ...when he talks negative about markets.....
Looks like Fast Money will have one MORE change in their "lineup"...first Strazzini gave UP and looks like Bolling said "sayonara"......now they have one more "put /Insurance buyer in their new lineup"
RIMM inspite of "downgrade " went to new ALL TIME HIGH......talk of credibility issue with the downgrade...nobody was selling into that "dumb call".....RIMM was down a FULL 7 Centavos.....actually GREEN in AH.......
NVT UP $2.80...a real breakout from its recent trading range...on improving fundamentals....new target by www.stockconsultant.com to $71.40...
SNDK another breakout heading towards $61 area....UP $2.04....
VMW was down $1.44...near LOW of the day......
EGO was UP 2.9%....another breakout immediate target $6.04......
Other strong performers were:
AAPL on ipod & videopod updates on wed presentation...near 52 wk high...
BIDU went to new all time high....on improving fundamentals......
GRMN went to new all time high...on booming GPS devices....
GOOG showing strength on you tube ad format.....
Markets are on a roll...starting soft and gaining momentum during PM.....
So much for sep WEAKNESS .......
Good luck for wed........
BLOG does not give buy or sell.
Saleem
Markets in "bull mode" going HIGHER $$$
Markets as expected "ignored all the bearish talk this AM by pundits who talk more & think less"
US markets have lagged other strong markets worldwide...thanks to manipulation of US housing market WOES.....
US will be among the "better performing markets"......
Most of the strong stocks are racing towards their all time HIGHS $$$
In my portfolio Bear Stearn's downgraded RIMM to marketperform.....based on their valuation of $81......although they claim that RIMM'S business is tracking well........a ploy to scoop some shares ? RIMM currently down 36 Centavos......
VMW is also showing some selling based on many "high valuation model by comparative prompting towards EMC".....I personally feels that it is testing its support around here today...it is a major "long term hold for me"...because of its optimization/virtualization software..currently down $1.31......
My superstar today is NVT which got another contract from MSFT for Mexico for digital maps..UP $3.81......
SNDK is higher by $1.44 on ramping up production of 300mm wafer for Flash Memory in partnership with Toshiba.....
Bought EGO @ open ..as I believe that Gold will make move as US interest rate comes down...most gold stocks are OVERSOLD.....already ahead by 2.6% $$$
@11.29AM the following stocks are GREEN :
AAPL(high iphone sale),BIDU(nearing all time high),BRCM,
JNPR(near high),AMAT,ICE,YHOO(takeover spec by MSFT),GOOG,WYNN,
LVS,VLO,GRMN(near all time high),FSLR,TSL,SNE,HOKU,SOHU,NCTY,SNDA,
OXPS,EBAY,NVDA(alltime high),MR(new high),MA,JASO,RMBS.
Good luck on rest of the day $$$$
BLOG does not give buy or sell.
Saleem
US markets have lagged other strong markets worldwide...thanks to manipulation of US housing market WOES.....
US will be among the "better performing markets"......
Most of the strong stocks are racing towards their all time HIGHS $$$
In my portfolio Bear Stearn's downgraded RIMM to marketperform.....based on their valuation of $81......although they claim that RIMM'S business is tracking well........a ploy to scoop some shares ? RIMM currently down 36 Centavos......
VMW is also showing some selling based on many "high valuation model by comparative prompting towards EMC".....I personally feels that it is testing its support around here today...it is a major "long term hold for me"...because of its optimization/virtualization software..currently down $1.31......
My superstar today is NVT which got another contract from MSFT for Mexico for digital maps..UP $3.81......
SNDK is higher by $1.44 on ramping up production of 300mm wafer for Flash Memory in partnership with Toshiba.....
Bought EGO @ open ..as I believe that Gold will make move as US interest rate comes down...most gold stocks are OVERSOLD.....already ahead by 2.6% $$$
@11.29AM the following stocks are GREEN :
AAPL(high iphone sale),BIDU(nearing all time high),BRCM,
JNPR(near high),AMAT,ICE,YHOO(takeover spec by MSFT),GOOG,WYNN,
LVS,VLO,GRMN(near all time high),FSLR,TSL,SNE,HOKU,SOHU,NCTY,SNDA,
OXPS,EBAY,NVDA(alltime high),MR(new high),MA,JASO,RMBS.
Good luck on rest of the day $$$$
BLOG does not give buy or sell.
Saleem
Saturday, September 1, 2007
Momentum stocks for BB/B BULL market !!!!
Following stocks are momentum category.Please use tight stops.
RIMM,NVT,VMW,SNDK,AAPL,BIDU,GRMN,ISRG,GME,HANS,
NVDA,ANAD,LFC,DLTR,UA,YZC,ZUMZ,FSLR,BRCM,DELL,
JNPR,CTRP,WYNN,HLIT,SOHU,VSEA,MR,WFR,HPQ,CROX.
Please do your own due diligence.
BLOG does not give buy or sell.
Next post tuesday @ 11 AM.
Have a nice long weekend !!!!
Saleem
RIMM,NVT,VMW,SNDK,AAPL,BIDU,GRMN,ISRG,GME,HANS,
NVDA,ANAD,LFC,DLTR,UA,YZC,ZUMZ,FSLR,BRCM,DELL,
JNPR,CTRP,WYNN,HLIT,SOHU,VSEA,MR,WFR,HPQ,CROX.
Please do your own due diligence.
BLOG does not give buy or sell.
Next post tuesday @ 11 AM.
Have a nice long weekend !!!!
Saleem
Technically WEAK stocks for BB/B BULL market !!!!
Following stocks are showing WEAK technical formations.Please do FA also.
AFFX,CHCG,ALTR,AMSC,SIVB,ABFS,CVS,COGT.
TSX (Toronto)
MXG,GBT.A,MFC.PR.B,TUN.
BLOG does not give buy or sell.
Saleem
AFFX,CHCG,ALTR,AMSC,SIVB,ABFS,CVS,COGT.
TSX (Toronto)
MXG,GBT.A,MFC.PR.B,TUN.
BLOG does not give buy or sell.
Saleem
Technically STRONG stocks for BB/B BULL market !!!!
The following is a list of stocks that are showing technical formations which qualifies for strong stocks.Please do FA also.
This list is in primitive stage as most stocks are not showing technical strength...as we are coming OUT of a major correction.......this list will expand as we move higher.....Technicals takes long time to show strength...when we come out of a SLUMP......
Ben Bernanke is now joined by George Bush in giving COMFORT to panic-ridden wall & broad....which is a "good thing".......
FDC,ATVI,HGSI,FPL,STZ,AXL,NKE,AMLN,SCUR,SLAB,UNFA,
LRCX,REGN,OMRI,ONXX.
TSX (Toronto)
CCO,TRP,CCA,RVX,PTM,IGT,IOL,MN,SGQ,MFI.
BLOG does not give buy or sell.
Saleem
This list is in primitive stage as most stocks are not showing technical strength...as we are coming OUT of a major correction.......this list will expand as we move higher.....Technicals takes long time to show strength...when we come out of a SLUMP......
Ben Bernanke is now joined by George Bush in giving COMFORT to panic-ridden wall & broad....which is a "good thing".......
FDC,ATVI,HGSI,FPL,STZ,AXL,NKE,AMLN,SCUR,SLAB,UNFA,
LRCX,REGN,OMRI,ONXX.
TSX (Toronto)
CCO,TRP,CCA,RVX,PTM,IGT,IOL,MN,SGQ,MFI.
BLOG does not give buy or sell.
Saleem
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