Markets are in full blown rally as another uncertainty is being removed of electing the President.
Higher HIGHS is very good $$$$
Solar continuing their RUNUP......
In my portfolio :
Bought SOL based on their UPPED guidance & increase in CREDIT facility.....my cost $8.30
Portfolio is LVS,UYG,UYM,SOL......
LVS UP 16 cents
UYG UP 60 cents
UYM UP $2.21
SOL UP $1.22..I am UP 49 cents
Most stocks are UP including Gold,Oil,Nat Gas,Coal,Ag,Tech,Financials & Solar.
BLOG does NOT give buy or sell.
Saleem
Tuesday, November 4, 2008
Monday, November 3, 2008
Market closed flattish......
Markets are in flat mode ahead of election......
Advancing stocks were in the lead on both NYSE & NASDAQ......
Solar stocks were on fire ahead of Obama victory.....
SOL increased guidance for Q3 & increased credit line from two leading Chinese Banks.....
STP is lagging behind along with LDK......
SOLF & TSL were big % gainers....
TAN is the ETF for solar stocks which was also UP nicely.....
I am expecting a strong close Tuesday... in anticipation of decisive victory for Senator Obama..
Market will evaluate extent of Democrat victory on Wednesday.....reaction in markets will depend on Senate ratio......
BLOG does NOT give buy or sell.
Saleem
Advancing stocks were in the lead on both NYSE & NASDAQ......
Solar stocks were on fire ahead of Obama victory.....
SOL increased guidance for Q3 & increased credit line from two leading Chinese Banks.....
STP is lagging behind along with LDK......
SOLF & TSL were big % gainers....
TAN is the ETF for solar stocks which was also UP nicely.....
I am expecting a strong close Tuesday... in anticipation of decisive victory for Senator Obama..
Market will evaluate extent of Democrat victory on Wednesday.....reaction in markets will depend on Senate ratio......
BLOG does NOT give buy or sell.
Saleem
Markets in holding pattern for election results.....
Markets are in a holding pattern waiting for election results.....due out Tuesday night ...hopefully...
Market will prefer check & balance so a decent victory in senate for republicans is highly desirable...
A complete SWEEP by Democrats of House & Senate will have negative reaction from wall street.....
It is expected that new President will move QUICKLY to repair confidence & economy......
In my portfolio :
LVS UP $1.41
UYG UP 12 cents
UYM UP 69 cents
@11.41 AM folloing are green in my watch list :
RIMM,SOL,CSIQ,IBN,AGU,POT,FSLR,JASO,ISRG,
BIDU,GS,DUG,KGC,WFR,LDK,SPWRA,TSL,SOHU,X,
LRCX.
BLOG does NOT give buy or sell.
Saleem
Market will prefer check & balance so a decent victory in senate for republicans is highly desirable...
A complete SWEEP by Democrats of House & Senate will have negative reaction from wall street.....
It is expected that new President will move QUICKLY to repair confidence & economy......
In my portfolio :
LVS UP $1.41
UYG UP 12 cents
UYM UP 69 cents
@11.41 AM folloing are green in my watch list :
RIMM,SOL,CSIQ,IBN,AGU,POT,FSLR,JASO,ISRG,
BIDU,GS,DUG,KGC,WFR,LDK,SPWRA,TSL,SOHU,X,
LRCX.
BLOG does NOT give buy or sell.
Saleem
Sunday, November 2, 2008
Election,worldwide slowdown will dominate news....
Markets are trying to show a brave face....despite worldwide slowdown in economic activity.....
India reduced lending rates again over the weekend after coordinated cut by most central bank......
Currently we are @ the epicentre of economic slowdown & job loss......
I am expecting November to mark the end of severe contraction in economic activity around the world.....
November....is going to be TROUGH......in industrial activity & then GRADUAL ramp UP....
So..brace yourself for negative economic news from everywhere......
I expect China to slowdown to 7% GDP growth far cry from 11%++ and 9.1% recently reported...
India is expected to slowdown to 5% GDP growth.....which is also much lower than 9% peak growth......
US will have 2 Q of negative growth...current Q & last Q......
So ...all the economic Gloom & Doom is hitting its low point NOW..........
BUT......
Market looks ahead to Jan Q GDP which will be positive.......
Stocks will look ahead to Jan growth and many stocks are already making an move UP in anticipation......
It will be profitable to have "reasonable exposure" in few strong stocks as evident from tape....
Oct 10TH LOW will hold.......
Markets will "resume normal trading pattern" vs crazy tape which we have witnessed recently..
What is a normal trading pattern......trending UP with pullbacks......
I am expecting US election to be a CALMING factor for markets.....as we will have a decisive winner....NO HANGING CHADS for bears to FEAST ON.....
Strongly suggest to pay close attention to tape and do due diligence by checking fundamentals CLOSELY.....
BLOG does NOT give buy or sell.
Saleem
India reduced lending rates again over the weekend after coordinated cut by most central bank......
Currently we are @ the epicentre of economic slowdown & job loss......
I am expecting November to mark the end of severe contraction in economic activity around the world.....
November....is going to be TROUGH......in industrial activity & then GRADUAL ramp UP....
So..brace yourself for negative economic news from everywhere......
I expect China to slowdown to 7% GDP growth far cry from 11%++ and 9.1% recently reported...
India is expected to slowdown to 5% GDP growth.....which is also much lower than 9% peak growth......
US will have 2 Q of negative growth...current Q & last Q......
So ...all the economic Gloom & Doom is hitting its low point NOW..........
BUT......
Market looks ahead to Jan Q GDP which will be positive.......
Stocks will look ahead to Jan growth and many stocks are already making an move UP in anticipation......
It will be profitable to have "reasonable exposure" in few strong stocks as evident from tape....
Oct 10TH LOW will hold.......
Markets will "resume normal trading pattern" vs crazy tape which we have witnessed recently..
What is a normal trading pattern......trending UP with pullbacks......
I am expecting US election to be a CALMING factor for markets.....as we will have a decisive winner....NO HANGING CHADS for bears to FEAST ON.....
Strongly suggest to pay close attention to tape and do due diligence by checking fundamentals CLOSELY.....
BLOG does NOT give buy or sell.
Saleem
Saturday, November 1, 2008
BUY rated stocks for "Higher highs in markets "
Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.
NTES,SBUX,SWIR,VIMC,JDAS,JBLU,COCO,ADCT,
DAL,DYN,GA,MU,PCU,TOL,JBX,AOB,PLA,TTM,BZH.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
NTES,SBUX,SWIR,VIMC,JDAS,JBLU,COCO,ADCT,
DAL,DYN,GA,MU,PCU,TOL,JBX,AOB,PLA,TTM,BZH.
Next post by 10 AM Sunday.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "Higher highs in markets "
Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.
DV,LCC,CHTT,MFLX,SMG,MBI,ASTI,NTCT,GTY,
ALK,SLXP,SYNO,MYE,BEAT,ZEUS,CYBX,COGO.
BLOG does NOT give buy or sell.
Saleem
DV,LCC,CHTT,MFLX,SMG,MBI,ASTI,NTCT,GTY,
ALK,SLXP,SYNO,MYE,BEAT,ZEUS,CYBX,COGO.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "Higher highs in markets "
Following stocks are showing technical weakness based on various formation.Please do your OWN due diligence by checking FA/TA/TAPE.
CVGW,TSON,INSP,FCN.
BLOG does NOT give buy or sell.
Saleem
CVGW,TSON,INSP,FCN.
BLOG does NOT give buy or sell.
Saleem
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