Markets are showing basing formation with an upward bias......
Markets are oversold......
Many stocks rebounding strongly......
Financials are "not participating"?????
Not a very convincing tape..
Techs are behaving well.......
Steels are UP.....
Solar on rebound......
Selective Ag is UP......
In my portfolio :
SOL UP 65 cents
AAPL UP $6.43
@ 11.28 AM the following stocks are up in my watch list :
MRVL,GSI,DRYS,CSIQ,TSO,RIMM,JNPR,SOLF,WFR,
TSL,LDK,VMW,POT,ICE,YHOO,JRCC,IGT,WYNN,
BIDU,GOOG,VLO,FSLR,ISRG,AMZN,BRCM,CTRP,
SAY,QLD,NCTY,HPQ,ACH,X.
BLOG does NOT give buy or sell.
Saleem
Monday, July 7, 2008
Sunday, July 6, 2008
Trading range for current bear markets....
Now that we HAVE entered bear market.....It is important to trade/invest keeping a tight trading range for trading decisions.....
RSI is a very important indicator for a safe strategy......as it can pinpoint short term range ...
Making money will be very difficult unless you follow a disciplined approach....
Here is some range to keep in mind as we struggle through this market......
Dow had a range of 3173 points from 52 week high of 14280 to a recent low of 11106.70....
RSI had a range of 82 to 20 area...where we are NOW
After a drubbing of 3173 Dow points a drop of 22.2% & RSI @ 20 which IS the lowest of the year..there IS every reason to expect "a technical/oversold bounce"......
Now the question IS...how many Dow points this bounce MAY last.......
Strong Rally have lasted 1200 points....but lately the bounce is 600 to 800 points....
Most Strong rallies ended when RSI hit 70 area......so this IS more reliable than Dow points..Recently rallies are FADING NEAR 40 RSI.....
So for me 40 RSI is where I will liquidate all my positions...currently RSI is @ 25.67...
So .....based on my calculation Dow has a potential upside of 500 to 700 points from recent low....then another RETEST of LOW......
Bear markets are very tough to predict.....because we do not know ...where the LOW is ...10,000 area is a "real possibility"........
For traders.....it is extremely profitable to play the RSI range.......based on your trading talent...if just long...then get out and reenter.....if both long & short then do opposite @ each end......
For buy & hold investors with long term view......keep accumulating @ near low level..as $ cost average will be lower.......
Sectors to focus on will be select Techs,Pharmaceuticals,Bio techs....based on what I am observing lately.......
Currently I have AAPL & SOL .....
My $ allocation is :
AAPL 65.10%
SOL 34.90%
It has NOT been easy for most people since May 19 as Dow has plunged from 13,136.69 to current 11,288.54 a drop of 1848.15 in 45 calender days ...a 14% drop......
So...Plan your OWN strategy carefully as we are NOT out of this "down trending markets"....
BLOG does NOT give buy or sell.
Saleem
RSI is a very important indicator for a safe strategy......as it can pinpoint short term range ...
Making money will be very difficult unless you follow a disciplined approach....
Here is some range to keep in mind as we struggle through this market......
Dow had a range of 3173 points from 52 week high of 14280 to a recent low of 11106.70....
RSI had a range of 82 to 20 area...where we are NOW
After a drubbing of 3173 Dow points a drop of 22.2% & RSI @ 20 which IS the lowest of the year..there IS every reason to expect "a technical/oversold bounce"......
Now the question IS...how many Dow points this bounce MAY last.......
Strong Rally have lasted 1200 points....but lately the bounce is 600 to 800 points....
Most Strong rallies ended when RSI hit 70 area......so this IS more reliable than Dow points..Recently rallies are FADING NEAR 40 RSI.....
So for me 40 RSI is where I will liquidate all my positions...currently RSI is @ 25.67...
So .....based on my calculation Dow has a potential upside of 500 to 700 points from recent low....then another RETEST of LOW......
Bear markets are very tough to predict.....because we do not know ...where the LOW is ...10,000 area is a "real possibility"........
For traders.....it is extremely profitable to play the RSI range.......based on your trading talent...if just long...then get out and reenter.....if both long & short then do opposite @ each end......
For buy & hold investors with long term view......keep accumulating @ near low level..as $ cost average will be lower.......
Sectors to focus on will be select Techs,Pharmaceuticals,Bio techs....based on what I am observing lately.......
Currently I have AAPL & SOL .....
My $ allocation is :
AAPL 65.10%
SOL 34.90%
It has NOT been easy for most people since May 19 as Dow has plunged from 13,136.69 to current 11,288.54 a drop of 1848.15 in 45 calender days ...a 14% drop......
So...Plan your OWN strategy carefully as we are NOT out of this "down trending markets"....
BLOG does NOT give buy or sell.
Saleem
Saturday, July 5, 2008
BUY rated stocks for "Bear Market RALLY "
Following stocks flashing buy signal.Please do your OWN FA/TA plus TAPE analysis.
ENCY,VVUS,TMWD,OSIR,NMHC,HLYS,
HIRE,CADX,ASGR,ADLR,ABT,FMS,GEO,
PM,RLH,SNY,SO,TEF,DBA,DUG,WIN.TO.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
ENCY,VVUS,TMWD,OSIR,NMHC,HLYS,
HIRE,CADX,ASGR,ADLR,ABT,FMS,GEO,
PM,RLH,SNY,SO,TEF,DBA,DUG,WIN.TO.
Next post by 10AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "Bear Market RALLY "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by doing FA/TA and checking recent tape action.
DNN,QUA.TO,HDIX,SEPR,ALNY,AZN,BVN,
PRGO,BABY,SGP,GSK,STJ.
BLOG does NOT give buy or sell.
Saleem
DNN,QUA.TO,HDIX,SEPR,ALNY,AZN,BVN,
PRGO,BABY,SGP,GSK,STJ.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "Bear Market RALLY "
Following stocks are showing technical weakness based on various formations.Please do your OWN due diligence by doing FA/TA & checking recent tape action.
EFUT,CHL,TCK,PKX,PBI,BX,CMG,PAL,MSO,
CLWR,OSTK,ELON,AKAM,SCHN,NBL,BRCM,
STX,NRG,PDS.
BLOG does NOT give buy or sell.
Saleem
EFUT,CHL,TCK,PKX,PBI,BX,CMG,PAL,MSO,
CLWR,OSTK,ELON,AKAM,SCHN,NBL,BRCM,
STX,NRG,PDS.
BLOG does NOT give buy or sell.
Saleem
Friday, July 4, 2008
SOL closed UP 3.19% Friday on London Stock Exchange $$$
SOL which trades under the symbol SOLA.L closed UP 3.19% on Friday almost near HIGH of the day.....on London Stock Exchange
SOL close was equivalent to US$14.24......
Looks like selling in SOL has dried up.....
Volume was 287600......
BLOG does not give buy or sell.
Saleem
SOL close was equivalent to US$14.24......
Looks like selling in SOL has dried up.....
Volume was 287600......
BLOG does not give buy or sell.
Saleem
Thursday, July 3, 2008
Dow & S&P 500 Green...Nasdaq Red......
Markets gave a mixed close with declining stocks leading advancing stocks......
Oil remained a huge negative for economy & markets.......unless Oil cracks markets will remain in doldrums.....
Oil closed @ record HIGH after touching $146......MS target was $150 by July 4th.....As world stock markets are open on Friday.....we MAY see another SPIKE in Oil either in Asia or London.
In my portfolio :
AAPL rating 75/80 target $182.15.....
SOL rating 80/95 rated for a "breakout" @ $13.26 for a target of $16.52.....
All solar stocks tried to go green but Oil forced markets to close weaker than earlier highs.....JASO,STP,TSL,FSLR,SPWR,ESLR closed green...a nice start !!!!!
Next Post by 10AM Saturday when I will list technically weak/strong & buy rated stocks..
Hope you have a nice time with family & friends during independence day long weekend !!!!
BLOG does NOT give buy or sell.
Saleem
Oil remained a huge negative for economy & markets.......unless Oil cracks markets will remain in doldrums.....
Oil closed @ record HIGH after touching $146......MS target was $150 by July 4th.....As world stock markets are open on Friday.....we MAY see another SPIKE in Oil either in Asia or London.
In my portfolio :
AAPL rating 75/80 target $182.15.....
SOL rating 80/95 rated for a "breakout" @ $13.26 for a target of $16.52.....
All solar stocks tried to go green but Oil forced markets to close weaker than earlier highs.....JASO,STP,TSL,FSLR,SPWR,ESLR closed green...a nice start !!!!!
Next Post by 10AM Saturday when I will list technically weak/strong & buy rated stocks..
Hope you have a nice time with family & friends during independence day long weekend !!!!
BLOG does NOT give buy or sell.
Saleem
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