Indices could not hold its gain and ended red.....
Despite better ER from many companies.....buyers are still on the sidelines.....while traders book any gain when it is there......
Until we see passage of stimulus bill..we are stuck @ these level....
Today following stocks were among green @ close :
GNK,DSX,EGLE,MON,IPI,POT,AGU,GG,GS,BIDU,
GOOG,FSLR.....
AH CSCO guiding lower..down AH...
AH V great ER & maintaining EPS guidance for 09...UP almost $4....
Interpretation of economic data will rule next two days.
BLOG does NOT give buy or sell.
Saleem
Wednesday, February 4, 2009
ISM data giving hope for economic revival !!!!
ISM data is giving hope for economic revival....
ADP data also was NOT as bad as feared.....
Market is finding some traction with Dow lagging Nasdaq....
Bulk Dry shipping stocks are on a tear with HUGE % gain as high as 28%.....
Most sectors are higher.....
Gold is UP $15
Crude UP 49 cents
In my portfolio :
IMG UP 26 cents
GERN Down 6 cents...consolidation/base building going on....
XLF UP 20 cents
Canadian $ is higher against US$...GREEN for me...
BLOG does NOT give buy or sell.
Saleem
ADP data also was NOT as bad as feared.....
Market is finding some traction with Dow lagging Nasdaq....
Bulk Dry shipping stocks are on a tear with HUGE % gain as high as 28%.....
Most sectors are higher.....
Gold is UP $15
Crude UP 49 cents
In my portfolio :
IMG UP 26 cents
GERN Down 6 cents...consolidation/base building going on....
XLF UP 20 cents
Canadian $ is higher against US$...GREEN for me...
BLOG does NOT give buy or sell.
Saleem
Tuesday, February 3, 2009
Dow back above 8,000..closing @ 8,078.36 !!!!
All stock indices staged an oversold bounce by closing in GREEN.....
DIS AH reported a weak ER ....Down 7% AH
US administration took out a clause of "buy American" from Stimulus package after a storm of protest from allies from Europe & Canada which was threatening a trade war......
Housing data gave a boost to market sentiment as housing recovery is critical to economy turning around....home builders were strong including TOL,PHM,DHI,CTX....
Canadian $ staged a rebound against US$ which weakened today.....
BLOG does NOT give buy or sell.
Saleem
DIS AH reported a weak ER ....Down 7% AH
US administration took out a clause of "buy American" from Stimulus package after a storm of protest from allies from Europe & Canada which was threatening a trade war......
Housing data gave a boost to market sentiment as housing recovery is critical to economy turning around....home builders were strong including TOL,PHM,DHI,CTX....
Canadian $ staged a rebound against US$ which weakened today.....
BLOG does NOT give buy or sell.
Saleem
Dow & S&P 500 barely green..Nasdaq Red.....
Market TRYING positive mode after foreclosed sales showed uptick.....
Most indices are oversold...so selling is tired......
Oil UP 77 cents...
Gold testing $900 area....Down,UP then Down.....
In my portfolio :
IMG UP 1 cent
GERN Down 4 cents
XLF Down 19 cents
@ 12.12 following are green in my watch list :
NDAQ,NYX,AAPL,IPI,GNK,DSX,WFR,STP,
POT,TKC,CTRN,ICE,CCJ,JRCC,MA,SOHU,
VLO,SPWRA,FSLR,ISRG,SNE,VAR,TOL,PHM,
SGP,SNY.
BLOG does NOT give buy or sell.
Saleem
Most indices are oversold...so selling is tired......
Oil UP 77 cents...
Gold testing $900 area....Down,UP then Down.....
In my portfolio :
IMG UP 1 cent
GERN Down 4 cents
XLF Down 19 cents
@ 12.12 following are green in my watch list :
NDAQ,NYX,AAPL,IPI,GNK,DSX,WFR,STP,
POT,TKC,CTRN,ICE,CCJ,JRCC,MA,SOHU,
VLO,SPWRA,FSLR,ISRG,SNE,VAR,TOL,PHM,
SGP,SNY.
BLOG does NOT give buy or sell.
Saleem
Monday, February 2, 2009
Dow below 8,000......
Indices tried very hard to be in green..but @ close only Nasdaq was UP......
Action is missing on Stimulus & other necessary economy helping steps???
Bad bank GONE...
Stimulus package stuck in political partisan grandstanding???
COUNTRY LAST is being practised......
SNDK AH down sharply after its EPS loss ballooned.....
MA,V,GS,AAPL,RIMM,GOOG were green.....
BLOG does NOT give buy or sell.
Saleem
Action is missing on Stimulus & other necessary economy helping steps???
Bad bank GONE...
Stimulus package stuck in political partisan grandstanding???
COUNTRY LAST is being practised......
SNDK AH down sharply after its EPS loss ballooned.....
MA,V,GS,AAPL,RIMM,GOOG were green.....
BLOG does NOT give buy or sell.
Saleem
Battle of Dow 8,000 is ON ????
Dow is being pushed below 8,000 AGAIN???
Politics & economic data is clashing.....
Politics getting worse & economic data showing some HOPE......
Obamanomics is moving too SLOW compared to slogan of "hitting the ground running on day one"
Gold Down $12
Oil Down 37 cents
In my portfolio :
IMG UP 5 cents
GERN UP 14 cents
XLF Down 17 cents
@ 11.17 AM following are green in my watch list :
YHOO,PMCS,POT,CTRN,SAY,GOOG,FWLT,
AAPL,RIMM,MON,DUG,SNY.
BLOG does NOT give buy or sell.
Saleem
Politics & economic data is clashing.....
Politics getting worse & economic data showing some HOPE......
Obamanomics is moving too SLOW compared to slogan of "hitting the ground running on day one"
Gold Down $12
Oil Down 37 cents
In my portfolio :
IMG UP 5 cents
GERN UP 14 cents
XLF Down 17 cents
@ 11.17 AM following are green in my watch list :
YHOO,PMCS,POT,CTRN,SAY,GOOG,FWLT,
AAPL,RIMM,MON,DUG,SNY.
BLOG does NOT give buy or sell.
Saleem
Sunday, February 1, 2009
Market TAPE..is it as bad as it FEELS???
Market TAPE HAS been very frustrating for many..who has sought resolution to many of the economic issues.....
Resolution of most issues are in the works..but due to its complexity..it is NOT showing the progress which most of us were hoping for.....
If you are FRUSTRATED with market tape.....you are NOT alone....think of all the successful investors who are committing more & more funds into this market.....some are EARLY like Warren Buffett...but in the end based on your time horizon success WILL come......
Market are trying to DISCOUNT all the economic challenges..so have gone nowhere since Nov 20th LOW...Dow was @ 7552.29......& now we are @ 8,000.86.....a move of +448.57 or +5.94% in last 72 days.....
As most investors like Warren Buffett did NOT buy stocks on Nov 20th...so Most investors are deep in ongoing loss.....which adds to frustration and loss of confidence in ability to make money in this market......
Every time IBD declares " markets in CONFIRMED Rally mode" we get immediate selling to near LOWS......
BUT......
There ARE hopeful signs in market tape.......
New 52 week highs & Lows are NOT as extreme as going into last 18 months of horrendous decline.....
Advance decline ratio also is NOT extreme.....
I personally believe that the resolution of this BASING process will be to the UP side..when most traders are totally frustrated & MAY have given UP.....
As the saying goes..never SHORT a DULL market......
Even in this frustrating tape....some sectors have been working..like Gold,Biotechs,Education......but if you are NOT focused in these sectors then you are NOT CHANGING with TAPE..which IS critical to RECOUPING your lost $$$$.....
So the message IS.....
There IS HOPE for this market.....
But CHANGE your stock MIX to reflect stronger sectors.....being stuck with previous themes or being STUBBORN is not going to help in recovery of equities....being diversified in WEAK sectors is NO diversification @ all.....
So.....
Please REDO your OWN strategy by carefully evaluating where the strength LIES....a simple formulae is which sectors/stocks ARE above 50 or 200 DMA or hitting new 52 week HIGHS....????
BLOG does NOT give buy or sell.
Saleem
Resolution of most issues are in the works..but due to its complexity..it is NOT showing the progress which most of us were hoping for.....
If you are FRUSTRATED with market tape.....you are NOT alone....think of all the successful investors who are committing more & more funds into this market.....some are EARLY like Warren Buffett...but in the end based on your time horizon success WILL come......
Market are trying to DISCOUNT all the economic challenges..so have gone nowhere since Nov 20th LOW...Dow was @ 7552.29......& now we are @ 8,000.86.....a move of +448.57 or +5.94% in last 72 days.....
As most investors like Warren Buffett did NOT buy stocks on Nov 20th...so Most investors are deep in ongoing loss.....which adds to frustration and loss of confidence in ability to make money in this market......
Every time IBD declares " markets in CONFIRMED Rally mode" we get immediate selling to near LOWS......
BUT......
There ARE hopeful signs in market tape.......
New 52 week highs & Lows are NOT as extreme as going into last 18 months of horrendous decline.....
Advance decline ratio also is NOT extreme.....
I personally believe that the resolution of this BASING process will be to the UP side..when most traders are totally frustrated & MAY have given UP.....
As the saying goes..never SHORT a DULL market......
Even in this frustrating tape....some sectors have been working..like Gold,Biotechs,Education......but if you are NOT focused in these sectors then you are NOT CHANGING with TAPE..which IS critical to RECOUPING your lost $$$$.....
So the message IS.....
There IS HOPE for this market.....
But CHANGE your stock MIX to reflect stronger sectors.....being stuck with previous themes or being STUBBORN is not going to help in recovery of equities....being diversified in WEAK sectors is NO diversification @ all.....
So.....
Please REDO your OWN strategy by carefully evaluating where the strength LIES....a simple formulae is which sectors/stocks ARE above 50 or 200 DMA or hitting new 52 week HIGHS....????
BLOG does NOT give buy or sell.
Saleem
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