Following stocks are showing technical weakness based on various formations.Please do your own due diligence by checking FA/TA & recent tape.
ECA,JDSU,LULU,NXY,ECA,RIMM,CSC,FL,MU,
GS,TSL,JCP,TOL,CSCO,OXY,PCZ,SLB.
BLOG does NOT give buy or sell.
Saleem
Saturday, July 12, 2008
Friday, July 11, 2008
S&P 500 new 52 WK low 1225.35..Closed 1239.49...
S&P 500 went to the lowest level again... but closed ABOVE yesterday's LOW AGAIN !!!
VIX spiked UP to 30.......
1220 on S&P 500 is a support area...BUT solid support IS around 1170 area.....
Financials tanked again as FRE & FNM were losing almost 50% @ low......
In my portfolio :
AAPL rating 25/75 target $187.75
SOL rating 85/60 target $17.99
HOD.TO No TA...goes opposite of Nymex Crude ...It is a BEAR ETF on Nymex Oil....
Few stocks were green which included ISRG,MA,IPI,POT,ABX,GG,AUY,KGC,
SOL,JASO,SPWR,ICE,VMW,QID,SDS,DXD,ICO,JRCC.....
By 10AM saturday I will post list of technically weak/strong and buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
VIX spiked UP to 30.......
1220 on S&P 500 is a support area...BUT solid support IS around 1170 area.....
Financials tanked again as FRE & FNM were losing almost 50% @ low......
In my portfolio :
AAPL rating 25/75 target $187.75
SOL rating 85/60 target $17.99
HOD.TO No TA...goes opposite of Nymex Crude ...It is a BEAR ETF on Nymex Oil....
Few stocks were green which included ISRG,MA,IPI,POT,ABX,GG,AUY,KGC,
SOL,JASO,SPWR,ICE,VMW,QID,SDS,DXD,ICO,JRCC.....
By 10AM saturday I will post list of technically weak/strong and buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 Low 1227.02 ..new 52 week LOW....
Markets are in freefall AGAIN......
Thanks to inaction by world leaders in taking any concrete steps to take world economy from a MAJOR SLUMP......
As usual "too many photo ops" & nothing to show for.......
Talk is cheap...it is ACTION which IS needed....but it take FOCUS & RESOLVE to deal with tough situations....SADLY no real leaders exist anymore......
In my portfolio :
When Oil was above $147 bought a short position in Nymex Crude..it is an ETF bear which tracks Nymex Crude prices.....this ETF started @ $25...but I bought today @ new all time low of $6.33.....Its symbol is HOD.TO
So my portfolio is AAPL,SOL & HOD.TO
AAPL Down $2.76
SOL UP 50 cents
HOD.TO $6.59.....I am UP 26 cents per share or 4.1% so far....
Oil bullish trade is a "very crowded trade"...It MAY end badly for some.....
@ 11.31 AM stocks which are UP includes ISRG,
MA(included in S&P500), JASO,LDK,ICE,JRCC,NDAQ,WYNN,AUY,
KGC,GG,ABX,VAR.
BLOG does NOT give buy or sell.
Saleem
Thanks to inaction by world leaders in taking any concrete steps to take world economy from a MAJOR SLUMP......
As usual "too many photo ops" & nothing to show for.......
Talk is cheap...it is ACTION which IS needed....but it take FOCUS & RESOLVE to deal with tough situations....SADLY no real leaders exist anymore......
In my portfolio :
When Oil was above $147 bought a short position in Nymex Crude..it is an ETF bear which tracks Nymex Crude prices.....this ETF started @ $25...but I bought today @ new all time low of $6.33.....Its symbol is HOD.TO
So my portfolio is AAPL,SOL & HOD.TO
AAPL Down $2.76
SOL UP 50 cents
HOD.TO $6.59.....I am UP 26 cents per share or 4.1% so far....
Oil bullish trade is a "very crowded trade"...It MAY end badly for some.....
@ 11.31 AM stocks which are UP includes ISRG,
MA(included in S&P500), JASO,LDK,ICE,JRCC,NDAQ,WYNN,AUY,
KGC,GG,ABX,VAR.
BLOG does NOT give buy or sell.
Saleem
What GE gives Oil/FRE/FNM takes it away .....
GE ER was in line with a beat on Sales.....
Oil running out of control again......
Oil @ all-time high on words that Israeli Air force will take another peak @ Iranian nuke facilities......The question IS
What will happen if Iranian fire a missile on Israeli Plane...$200 Oil????
FRE & FNM are losing most of their value again today......
Markets are all set to take 52 week lows.....
This IS all part of bottoming process in a Bear market.....
It Ain't over till its OVER......
Position yourself in quality stocks with "limited exposure"
Always maintain your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
Oil running out of control again......
Oil @ all-time high on words that Israeli Air force will take another peak @ Iranian nuke facilities......The question IS
What will happen if Iranian fire a missile on Israeli Plane...$200 Oil????
FRE & FNM are losing most of their value again today......
Markets are all set to take 52 week lows.....
This IS all part of bottoming process in a Bear market.....
It Ain't over till its OVER......
Position yourself in quality stocks with "limited exposure"
Always maintain your OWN comfort level.
BLOG does NOT give buy or sell.
Saleem
Thursday, July 10, 2008
Financials DOWN & S&P 500 UP 8.71????
S&P 500 went to new 52 week LOW @ 1236.76 but managed to close @ 1253.39 ABOVE previous LOW !!!!
Technically markets are "washed out 10 times over"
There is NO capitulation HIGH volume on hitting new LOWS......
VIX is NOT hitting "proverbial 36 area"
So...It is NOT wise to short a "dull market"
In my portfolio :
AAPL rating 25/45 target $187.77....3G iphone goes on sale midnight around the world...lot of excitement on this mobile medium...lot of new games/applications being rolled out by hundreds of independent developers some are even FREE.....3G iphone actually has a button for new application to browse from.......I expect this 3G iphone to be a huge success and AAPL will get tremendous top-line & bottom-line growth......Halo effect for Macs is a GIVEN.......
SOL rating 100/95 target $17.33.....Looks like SOL is just about ready to move UP........
Today many sectors participated in late rally......
Oil stocks were UP
Gas stocks were UP
Coal stocks were UP
Steels stocks were UP
Ag came along for the ride also
Gold stocks were UP
Mining stocks were UP
US Solar rocketed UP...Chinese solar were barely green except for strength in LDK......
Select techs showed strength also.......
So...who cares.....that financials tanked AGAIN !!!!!
Looks like markets are "on the verge of a MAJOR RALLY"
BLOG does NOT give buy or sell.
Saleem
Technically markets are "washed out 10 times over"
There is NO capitulation HIGH volume on hitting new LOWS......
VIX is NOT hitting "proverbial 36 area"
So...It is NOT wise to short a "dull market"
In my portfolio :
AAPL rating 25/45 target $187.77....3G iphone goes on sale midnight around the world...lot of excitement on this mobile medium...lot of new games/applications being rolled out by hundreds of independent developers some are even FREE.....3G iphone actually has a button for new application to browse from.......I expect this 3G iphone to be a huge success and AAPL will get tremendous top-line & bottom-line growth......Halo effect for Macs is a GIVEN.......
SOL rating 100/95 target $17.33.....Looks like SOL is just about ready to move UP........
Today many sectors participated in late rally......
Oil stocks were UP
Gas stocks were UP
Coal stocks were UP
Steels stocks were UP
Ag came along for the ride also
Gold stocks were UP
Mining stocks were UP
US Solar rocketed UP...Chinese solar were barely green except for strength in LDK......
Select techs showed strength also.......
So...who cares.....that financials tanked AGAIN !!!!!
Looks like markets are "on the verge of a MAJOR RALLY"
BLOG does NOT give buy or sell.
Saleem
Where IS the bottom in Financials & in Markets ???
Everybody is asking same question over & over.....
Where is the bottom in financials & markets......
This question has attained the status of a "sporting phenomenon"
I do NOT know anybody who has predicted any bottom in markets EVER????
So WHY the obsession with "BOTTOM"????
Most investors/traders do NOT buy S&P500 /NASDAQ 100/Dow 30.....
@ these attractive level there are many stocks which are trading well-below their "normal PE"
Everybody wants a "guarantee that these stocks will not go DOWN"
Well there is NO guarantee even in roaring bull markets.......
It will be WISE/PROFITABLE to concentrate on stocks whose FA/TA is looking very COMPELLING......
How about looking @ your OWN watch list & see which stocks are primed for a sustained move UP......I am sure you know of FEW stocks already......
So...do your OWN homework & start NIBBLING !!!!!
In my portfolio :
AAPL UP $1.95...Friday is the worldwide launch of iphone..there IS lineup to buy from Tokyo to New York........
SOL UP 23 cents
@11.31 AM the following stocks on my watch list is GREEN :
MRVL,ICO,GSI,V,VMW,LDK,POT,MA,ABX,SPWR,FSLR,
SNE,IBN,GOOG,FWLT,GS,QLD,QQQQ,X,ACH.
BLOG does NOT give buy or sell.
Saleem
Where is the bottom in financials & markets......
This question has attained the status of a "sporting phenomenon"
I do NOT know anybody who has predicted any bottom in markets EVER????
So WHY the obsession with "BOTTOM"????
Most investors/traders do NOT buy S&P500 /NASDAQ 100/Dow 30.....
@ these attractive level there are many stocks which are trading well-below their "normal PE"
Everybody wants a "guarantee that these stocks will not go DOWN"
Well there is NO guarantee even in roaring bull markets.......
It will be WISE/PROFITABLE to concentrate on stocks whose FA/TA is looking very COMPELLING......
How about looking @ your OWN watch list & see which stocks are primed for a sustained move UP......I am sure you know of FEW stocks already......
So...do your OWN homework & start NIBBLING !!!!!
In my portfolio :
AAPL UP $1.95...Friday is the worldwide launch of iphone..there IS lineup to buy from Tokyo to New York........
SOL UP 23 cents
@11.31 AM the following stocks on my watch list is GREEN :
MRVL,ICO,GSI,V,VMW,LDK,POT,MA,ABX,SPWR,FSLR,
SNE,IBN,GOOG,FWLT,GS,QLD,QQQQ,X,ACH.
BLOG does NOT give buy or sell.
Saleem
Wednesday, July 9, 2008
S&P 500 back in Bear Market @ close ????
S&P 500 closed @ 1244.68 only 4 points ABOVE 52 wk LOW...
All the indices are in "bear market territory"
Markets are very unpredictable near bear market lows...
You will notice that NOT all stocks make LOWS near bottom....look for relative strength or improving fundamentals.....
In my portfolio :
AAPL rating 60/55 target $192.66
SOL rating 100/100 rated for a "breakout" @ $13.69 for a target of $17.01
SOL was rated @ BUY today by Piper Jaffrey with a target of $35...also raised earning estimate for 08 & 09 ...P J expecting a slight beat in Q2....
Today markets tanked on two set of news....Funding raised by Mortgage backers were @ higher than expected interest rates.....
CSCO CEO John Chambers highlighted that the recovery is more like in 09 vs 2nd half of 08...CSCO has NOT performed for 8 years now.....it is NO longer a bellwether for anything....
CSCO negative guidance is more of a NORM than surprise.......
I am expecting a "calmer tape on Thursday"
BLOG does NOT give buy or sell.
Saleem
All the indices are in "bear market territory"
Markets are very unpredictable near bear market lows...
You will notice that NOT all stocks make LOWS near bottom....look for relative strength or improving fundamentals.....
In my portfolio :
AAPL rating 60/55 target $192.66
SOL rating 100/100 rated for a "breakout" @ $13.69 for a target of $17.01
SOL was rated @ BUY today by Piper Jaffrey with a target of $35...also raised earning estimate for 08 & 09 ...P J expecting a slight beat in Q2....
Today markets tanked on two set of news....Funding raised by Mortgage backers were @ higher than expected interest rates.....
CSCO CEO John Chambers highlighted that the recovery is more like in 09 vs 2nd half of 08...CSCO has NOT performed for 8 years now.....it is NO longer a bellwether for anything....
CSCO negative guidance is more of a NORM than surprise.......
I am expecting a "calmer tape on Thursday"
BLOG does NOT give buy or sell.
Saleem
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