Saturday, October 4, 2008

BUY rated stocks for "BOTTOM of Bear market "

Following stocks are flashing buy signal.Please do your OWN analysis of FA/TA/TAPE.

BIIB,CALC,HBAN,LSCG,DF,GPN,PGN,STI,WWY,BTI.

Next post Sunday by 10AM.

BLOG does NOT give buy or sell.

Saleem

Technically STRONG stocks for "BOTTOM of Bear market "

Following stocks are showing technical strength based on various formations.Please do your OWN analysis of FA/TA/TAPE.

MBT.TO,KO,PFE,STAR,DLIA,PVSW,SPIR.

BLOG does NOT give buy or sell.

Saleem

Technically WEAK stocks for "BOTTOM of Bear market "

Following stocks are showng technical weakness based on various formations.Please do your OWN analysis of FA/TA/TAPE.

BRCD,LEN,TOL,HD,MBI,RYL,AMR,RIGL,FDP,
HLS,PAY,LXK,AAP,TNB,WIRE,LUX.

BLOG does NOT give buy or sell.

Saleem

Friday, October 3, 2008

New 52 week LOW for markets...after reversal ???

Markets did a complete U turn after passing of rescue package......

329 points gain turned into 157 points loss.....a 486 point round trip???

I have NO idea why this selling came??

Technically we are NOT looking good.....

Market is hoping for 50 basis cut in fed funds rate on Monday......will that put a BOTTOM in place? that needs to be seen.......

In my portfolio :

Sold TRLG,VMW & NVDA.....

Bought more RIMM cost went down to $62.45

Portfolio is BRCM,JNPR,PHM,RIMM,SOL......

I have reduced my exposure to market based on WEAK TAPE.......

By 10 AM Saturday I will list technically weak/strong/buy rated stocks.

BLOG does NOT give buy or sell.

Saleem

Markets are looking beyond vote & weak economy !!!

Markets as expected shrugged off bad news on job loss...as we are on the tail end of bad news in employment.....we probably have one more month of bad data...then improving scenario on a comparative basis.....

Markets always looks ahead...it MAY be looking @ improving picture in economy a year from now.....just the REVERSE of what it did last October......

Most stocks are UP in my portfolio except for VMW..which is slightly down......No change in my portfolio which remains BRCM,JNPR,NVDA,PHM,RIMM,SOL,TRLG & VMW...

Ag is coming back...

Oil & Nat gas are coming back...

Coal is strong.....

Gold is coming back.....

Big techs are strong...

Solar is strong......

Financial are strong except C

BLOG does NOT give buy or sell.

Saleem

Thursday, October 2, 2008

S&P 500 testing support near LOW???

S&P 500 came very close to 52 week low but managed to close @ 1114.28...about 8 points above LOW......

Not a good day for all commodities...down sharply .......

Friday's Jobs report is expected to be BAD.....but the question IS...is it reflected in the indices...my answer is probably....

House is expected to pass the economic plan.....

With the passage...market MAY find its footing going forward.

In my portfolio :

Sold PMCS and booked a loss of $1.50 per share......

Bought RIMM..my cost $62.55

Porfolio is BRCM,JNPR,NVDA,PHM,RIMM,SOL,TRLG,VMW.......

BLOG does NOT give buy or sell.

Saleem

Markets doing retest of low & waiting on house vote !!!

Markets are doing RETEST of lows......S&P 500 went down to 1122.04...15+ from 52wk low.....

Market is also waiting for house vote on Friday.....

There is a general understanding that economy has slowed down worldwide & it will be a slow climb up to normal level.....

In my portfolio :

Bought TRLG cost $24.25.....

Portfolio is BRCM,JNPR,NVDA,PHM,PMCS,SOL,TRLG,VMW......

JNPR was downgraded again and it hit 52 wk low on concern of macro issues of growth going forward.....

Ag sector got a jolt after MOS ER last night with inventory build up.......

Semis are down as there is report of weak demand......which IS factored in semi stock prices???

Solar are also in a "waiting for news mode"...are down with market selling.......

Today market is trying to give message to House to get it together or else.....

BLOG does NOT give buy or sell.

PS...sorry for delay as my friends & relatives were on the phone for holiday greeting.

Saleem