Markets are staying slightly red in all indices.
Market tape is normal as it is digesting yesterday's HUGE RUNUP......
Oil staging a "mild UPTICK"
Ag is roaring UP again......
Steel stocks are flying.....
In my portfolio :
Added 10% more SOL...my cost went down to $19.69......one of these days my cost SHOULD be LOWER than stock price !!!!!
AAPL UP 30 cents....iphone release is all set for Friday...Canada has REDUCED monthly charge to $30 per month for data.....should give a BIG boost in Canadian sales !!!!
SOL UP $1.06 had a "breakout" @ $13.66 ...short term target is $16.96.....
@11.52 AM the following are green in my watch list :
SGP,CTRP,FMCN,BIDU,CMED,ISRG,JASO,CSIQ,FSLR,LDK,
IFN,GSI,JRCC,X,POT,AGU,YGE,CCJ,SOHU,ABX,SPWR,VAR,
FWLT,SINA.
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 9, 2008
Tuesday, July 8, 2008
Markets rallied strongly after RETEST !!!!
Markets started a strong rally after 2PM & closed near high of the day.....
Advancing volume & advancing stocks were all in the lead by more than 2 to 1 margin.....
Financials were the star performer jumping by biggest % gains......
In my portfolio :
AAPL rating 55/40 target $193.90
SOL rating 90/100 rated for a "breakout" @ $13.66 for a target of $16.96
Big gainers today were AAPL,RIMM,GOOG,MA,V,GS,ISRG,OOG,BIDU,
FSLR,IFN,IBN,GSI,QLD,NCTY,ICE,EBAY,GRMN,SINA......
BLOG does NOT give buy or sell.
Saleem
Advancing volume & advancing stocks were all in the lead by more than 2 to 1 margin.....
Financials were the star performer jumping by biggest % gains......
In my portfolio :
AAPL rating 55/40 target $193.90
SOL rating 90/100 rated for a "breakout" @ $13.66 for a target of $16.96
Big gainers today were AAPL,RIMM,GOOG,MA,V,GS,ISRG,OOG,BIDU,
FSLR,IFN,IBN,GSI,QLD,NCTY,ICE,EBAY,GRMN,SINA......
BLOG does NOT give buy or sell.
Saleem
S&P 500 RETESTED LOW @ 1243.43?????
Markets are going through a typical bottoming action in a bear market......
Was today the retest of LOW......
Markets are seeing some overdue positives like:
Crack in oil prices.....
Crack in Gold prices....
Crack in commodity prices....
A real "destruction of gasoline demand" in US????
Ben Bernanke also gave some "soothing words" for continuing credit easing structure by fed....
All of the above SHOULD give a FLOOR to the markets.......
In my portfolio :
Added 20% SOL ...my cost went down to $20.29
AAPL UP 16 cents
SOL down 8 cents
@ 11.26 AM the following stocks are green in my watch list :
GSI,TOL,TSO,RIMM(LEH positive comment),C,CTRN,YHOO,
IGT,BIDU,ISRG,XLF,AMZN,GOOG,GS,DUG,SNY,SGP,BRCM,
SNDK,EBAY,GRMN,ABK.
VMW is Down $14 on Rev warning & CEO departure......
BLOG does NOT give buy or sell.
Saleem
Was today the retest of LOW......
Markets are seeing some overdue positives like:
Crack in oil prices.....
Crack in Gold prices....
Crack in commodity prices....
A real "destruction of gasoline demand" in US????
Ben Bernanke also gave some "soothing words" for continuing credit easing structure by fed....
All of the above SHOULD give a FLOOR to the markets.......
In my portfolio :
Added 20% SOL ...my cost went down to $20.29
AAPL UP 16 cents
SOL down 8 cents
@ 11.26 AM the following stocks are green in my watch list :
GSI,TOL,TSO,RIMM(LEH positive comment),C,CTRN,YHOO,
IGT,BIDU,ISRG,XLF,AMZN,GOOG,GS,DUG,SNY,SGP,BRCM,
SNDK,EBAY,GRMN,ABK.
VMW is Down $14 on Rev warning & CEO departure......
BLOG does NOT give buy or sell.
Saleem
Monday, July 7, 2008
S&P 500 touched new 52 wk low of 1240.68????
S&P 500 sliced through 52 wk low AGAIN & barely closed above previous low by 30 tick....
Financials were deep red again.......
Looks like another RETEST of LOW is in order.......
Markets are getting very close to finding a bottom.....
Some stocks & sectors are getting deeply oversold.....
There IS a worldwide "bear market" ........
Tight range rebound will be in order...but fade will set in AGAIN........
In my portfolio:
AAPL rating 65/40 target $187.76
SOL rating 90/100 target $17.52
Oil were weak
Ag were fading
Natural Gas were weak
Solar were on rebound
Strong stocks were AAPL,BRCM,DUG,CTRP,IBN,GSI,RIMM,QLD,
SAY,FSLR,CSIQ,TSL,SOLF,ISRG,GOOG,BIDU,X,NCTY,WFR,ACH.
BLOG does NOT give buy or sell.
Saleem
Financials were deep red again.......
Looks like another RETEST of LOW is in order.......
Markets are getting very close to finding a bottom.....
Some stocks & sectors are getting deeply oversold.....
There IS a worldwide "bear market" ........
Tight range rebound will be in order...but fade will set in AGAIN........
In my portfolio:
AAPL rating 65/40 target $187.76
SOL rating 90/100 target $17.52
Oil were weak
Ag were fading
Natural Gas were weak
Solar were on rebound
Strong stocks were AAPL,BRCM,DUG,CTRP,IBN,GSI,RIMM,QLD,
SAY,FSLR,CSIQ,TSL,SOLF,ISRG,GOOG,BIDU,X,NCTY,WFR,ACH.
BLOG does NOT give buy or sell.
Saleem
What goes down must come UP....Markets & Stocks !!!
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
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
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
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