Indices got back into track after ADP surprising upbeat data on job growth.
All indices closed @ the highest level in over two years...
Internals were positive.....
Following stocks were UP on $ basis :
PCLN +$24.22
FFIV +$5.22
CRM +$6.51
MA +$6.59
GOOG +$6.95
POT +$5.33
BIDU +$3.66
APKT +$3.05
MGA +$3.01
AAPL +$2.71
AMZN +$2.41
In my portfolio :
Doubled my position in MGM @ $15.29
Portfolio is FFIV,MGM,PCLN,RVBD.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Wednesday, January 5, 2011
Above consensus jobs data giving lift to markets..NICE !!!!
ADP jobs data jolted markets from negative slant....
All Indices are UP
Gold Down $5.10
Oil UP $1.02
Canadian $ UP 46 tick @ 100.62 US
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are UP
@ 1.28 following are RED :
NFLX,SLW,MCP,AUY,IBN,CCJ,CREE,GG,
FNSR,NVLS,IGTE,FMCN,SINA,AEM,
GAME,ABX,SOL....
BLOG does NOT give buy or sell.
Saleem
All Indices are UP
Gold Down $5.10
Oil UP $1.02
Canadian $ UP 46 tick @ 100.62 US
Portfolio is FFIV,MGM,PCLN,RVBD....
Most stocks are UP
@ 1.28 following are RED :
NFLX,SLW,MCP,AUY,IBN,CCJ,CREE,GG,
FNSR,NVLS,IGTE,FMCN,SINA,AEM,
GAME,ABX,SOL....
BLOG does NOT give buy or sell.
Saleem
Tuesday, January 4, 2011
Dow closed green.......
Indices were subject to profit taking as RSI went into 76 area......
One needs to be extra cautious when RSI goes into 76.....currently RSI is @ 73.62....
Market TAPE dictates RSI range.....so far 76 area came today?
Today we had all the reason to do a "strong"follow through BUT did not happen...thus my hasty booking of profit in AAPL,AMZN & BAC......AUY was a small loss as Gold took a major drubbing...
I always monitor TAPE closely on a daily basis to adjust (buy or sell) to any "new reality".....
Internals of the market were almost 2 to 1 on the downside..again a technical weakness while indices were mixed ???
Traders needs to be "vigilant"......
AH MOS was a beat UP 3.21%
AH AGU UP .99%
AH POT UP 2.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
Gold UP
BLOG does NOT give buy or sell.
Saleem
One needs to be extra cautious when RSI goes into 76.....currently RSI is @ 73.62....
Market TAPE dictates RSI range.....so far 76 area came today?
Today we had all the reason to do a "strong"follow through BUT did not happen...thus my hasty booking of profit in AAPL,AMZN & BAC......AUY was a small loss as Gold took a major drubbing...
I always monitor TAPE closely on a daily basis to adjust (buy or sell) to any "new reality".....
Internals of the market were almost 2 to 1 on the downside..again a technical weakness while indices were mixed ???
Traders needs to be "vigilant"......
AH MOS was a beat UP 3.21%
AH AGU UP .99%
AH POT UP 2.14%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
Gold UP
BLOG does NOT give buy or sell.
Saleem
Fed minutes release causing rally to pause....
Indices are pulling back as fed is all set to release its fed policy minutes around 2PM.I do not expect any surprise in that minutes.Stocks are down with Nasdaq being the weakest down 1.03%
Gold Down $26.20
Oil Down $2.58
Canadian $ Down 62 tick @ 100.06
In my portfolio :
Sold AAPL
Sold AMZN
Sold BAC
Sold AUY
Tripled my position in RVBD @ $37.73
Doubled my position in FFIV @ $131.70
Portfolio is FFIV,MGM,PCLN,RVBD
Most stocks are Down
@ 12.40 following are green :
MGM,LVS,WYNN,NFLX,MGA,SOHU,MA,
SOL,CIEN,STP,ASIA,FMCN,SINA,BRCD,
CSIQ,NYX,SPWRA.....
BLOG does NOT give buy or sell.
Saleem
Gold Down $26.20
Oil Down $2.58
Canadian $ Down 62 tick @ 100.06
In my portfolio :
Sold AAPL
Sold AMZN
Sold BAC
Sold AUY
Tripled my position in RVBD @ $37.73
Doubled my position in FFIV @ $131.70
Portfolio is FFIV,MGM,PCLN,RVBD
Most stocks are Down
@ 12.40 following are green :
MGM,LVS,WYNN,NFLX,MGA,SOHU,MA,
SOL,CIEN,STP,ASIA,FMCN,SINA,BRCD,
CSIQ,NYX,SPWRA.....
BLOG does NOT give buy or sell.
Saleem
Monday, January 3, 2011
Impressive close in all indices...NICE !!!!
Stock market gave a stunning performance on the very first trading day of the year.All indices were @ highest level & close in two years......
But as usual, Guy Adami is NOT impressed with this TAPE & remains "proudly bearish"....has not learnt to change his mind, when he has been proven wrong since March 2009 ???
As we still have many skeptics who were predicting pullback for weeks...this rally may have lot of room still left.....this time many skeptics will be forced to join this rally which will propel this run much further.....RSI may go into highest level which may be close to 90......
Strong stocks which went UP $ & % wise included :
PCLN +$16.44
AAPL +$7.01
AMZN +$4.22
FFIV +$4.17
RVBD+$2.65
MGM+53 cents
BAC+85 cents
CRM+$4.60
GS+$4.89
GOOG+$10.38
WYNN+$5.15
LULU+$3.16
Nice to see these outsize gains in many strong stocks.
AH Futures Down
AH Asian Markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
But as usual, Guy Adami is NOT impressed with this TAPE & remains "proudly bearish"....has not learnt to change his mind, when he has been proven wrong since March 2009 ???
As we still have many skeptics who were predicting pullback for weeks...this rally may have lot of room still left.....this time many skeptics will be forced to join this rally which will propel this run much further.....RSI may go into highest level which may be close to 90......
Strong stocks which went UP $ & % wise included :
PCLN +$16.44
AAPL +$7.01
AMZN +$4.22
FFIV +$4.17
RVBD+$2.65
MGM+53 cents
BAC+85 cents
CRM+$4.60
GS+$4.89
GOOG+$10.38
WYNN+$5.15
LULU+$3.16
Nice to see these outsize gains in many strong stocks.
AH Futures Down
AH Asian Markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Indices @ record high AGAIN....NICE !!!!
Indices are UP from 1.09% to 1.80% reaching heights not seen since 2008....
Nasdaq is the strongest & many stocks are @ new all time high.....
Facebook valuation of $50 billion by GS is adding fuel to this bull fire.......
Gold Down $2.10
Oil UP 76 cents
Canadian $ UP 82 tick @ record high of 1.01 means US$ is worth only 99 cents Canadian.
Portfolio is BAC,FFIV,MGM,PCLN,RVBD,AUY,AAPL,AMZN......
Most of the stocks are UP
Among the decliners are Gold shares.....
BLOG does NOT give buy or sell.
Saleem
Nasdaq is the strongest & many stocks are @ new all time high.....
Facebook valuation of $50 billion by GS is adding fuel to this bull fire.......
Gold Down $2.10
Oil UP 76 cents
Canadian $ UP 82 tick @ record high of 1.01 means US$ is worth only 99 cents Canadian.
Portfolio is BAC,FFIV,MGM,PCLN,RVBD,AUY,AAPL,AMZN......
Most of the stocks are UP
Among the decliners are Gold shares.....
BLOG does NOT give buy or sell.
Saleem
Sunday, January 2, 2011
Looking ahead in 2011......
2010 came to a close with the following stat :
Dow +11%
S&P 500 +12.8%
Nasdaq +16.9%
First six months of 2010 , S&P 500 was Down 8%......so last 6 months saw a major bull run of almost 21%..ending the year +12.8%
Ironically, my stock market prediction was right on the money...BUT my personal stock selection left lot to be desired ...as i ended Down 3.3%.....so i am naturally upset & disappointed...
SO...here we are in 2011......
I do see, this bull market continuing.
Consensus on Wall Street is that S&P 500 will be UP 9%.....as we all KNOW that consensus is generally not right ?
I see Q1 as super strong, then negative Q2.......
Making money in market is always a challenge.......when everyone is euphoric as it is going to be in Q1..then disappointment follows which could be Q2.
For traders, market is always challenging...either you buy too soon or you sell too soon......
For swing traders,it is little less stressful as there is more time on hand and stocks do have time to give a real picture.
For Investors,it is all about where you are putting your $...investors generally are much more conservative & have dividend more in focus.....this approach generally is a safer approach.
For me Q1 is going to be accumulate & stay put in my aggressive portfolio....when i see RSI touching 80+...then it is time to rethink...currently RSI is @ 69.26...
As we all have noted that aggressive stocks can give UP $14 in a hurry & also gain $14 in no time......so it is to be recognized that things CAN & WILL turn in a hurry......but the WAIT can be very painful & may prompt booking a loss.
SO...you all need to stay in a theme of your OWN comfort level.....
Traders should trade daily in Q1....
Swing Traders should move to different stocks in Q1.....
Investors need to find themes which will work in 2011.....
I personally see money being made in Q1 by most participant, unless they are buying "bargains"???
Staying with "strong sectors" & "strong stocks" remains the theme for 2011.
Mutual funds are seeing "inflow" of funds after long time....
Consumers are feeling good & spending.
Gold & Oil prices are predicting "much more stronger" economy than pundits.
Obama ,congress & senate working together.
Year 3 of Presidency is extremely "bullish"
SO...what is there NOT to like about economic picture ???
So it is important to do analysis of stocks based on fundamental but also on technicals....combo does work most of the time.....
Couple of FREE sites which i personally visit prior to making any buying or selling decisions are listed below :
stockcharts.com
stockconsultant.com
Plus i check Yahoo finance,google finance & moneycentral.msn.com for news & fundamental analysis.
I also have my real portfolio & potential buys set up in Yahoo finance & google finance..no more than 20 stocks..i monitor @ a time including my portfolio...any more than 20..you are not really catching all the news in depth ????so more is NOT better IMHO.
Sincerely hoping, that all of us will do better in 2011.
Good luck with your OWN strategy & homework.
BLOG does NOT give buy or sell.
Saleem
Dow +11%
S&P 500 +12.8%
Nasdaq +16.9%
First six months of 2010 , S&P 500 was Down 8%......so last 6 months saw a major bull run of almost 21%..ending the year +12.8%
Ironically, my stock market prediction was right on the money...BUT my personal stock selection left lot to be desired ...as i ended Down 3.3%.....so i am naturally upset & disappointed...
SO...here we are in 2011......
I do see, this bull market continuing.
Consensus on Wall Street is that S&P 500 will be UP 9%.....as we all KNOW that consensus is generally not right ?
I see Q1 as super strong, then negative Q2.......
Making money in market is always a challenge.......when everyone is euphoric as it is going to be in Q1..then disappointment follows which could be Q2.
For traders, market is always challenging...either you buy too soon or you sell too soon......
For swing traders,it is little less stressful as there is more time on hand and stocks do have time to give a real picture.
For Investors,it is all about where you are putting your $...investors generally are much more conservative & have dividend more in focus.....this approach generally is a safer approach.
For me Q1 is going to be accumulate & stay put in my aggressive portfolio....when i see RSI touching 80+...then it is time to rethink...currently RSI is @ 69.26...
As we all have noted that aggressive stocks can give UP $14 in a hurry & also gain $14 in no time......so it is to be recognized that things CAN & WILL turn in a hurry......but the WAIT can be very painful & may prompt booking a loss.
SO...you all need to stay in a theme of your OWN comfort level.....
Traders should trade daily in Q1....
Swing Traders should move to different stocks in Q1.....
Investors need to find themes which will work in 2011.....
I personally see money being made in Q1 by most participant, unless they are buying "bargains"???
Staying with "strong sectors" & "strong stocks" remains the theme for 2011.
Mutual funds are seeing "inflow" of funds after long time....
Consumers are feeling good & spending.
Gold & Oil prices are predicting "much more stronger" economy than pundits.
Obama ,congress & senate working together.
Year 3 of Presidency is extremely "bullish"
SO...what is there NOT to like about economic picture ???
So it is important to do analysis of stocks based on fundamental but also on technicals....combo does work most of the time.....
Couple of FREE sites which i personally visit prior to making any buying or selling decisions are listed below :
stockcharts.com
stockconsultant.com
Plus i check Yahoo finance,google finance & moneycentral.msn.com for news & fundamental analysis.
I also have my real portfolio & potential buys set up in Yahoo finance & google finance..no more than 20 stocks..i monitor @ a time including my portfolio...any more than 20..you are not really catching all the news in depth ????so more is NOT better IMHO.
Sincerely hoping, that all of us will do better in 2011.
Good luck with your OWN strategy & homework.
BLOG does NOT give buy or sell.
Saleem
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