Indices are trying to digest new reality of Oil near $104.
Economic news continues to be better than expected.
Indices are giving up some gains NOT all.
Oil UP $2.12
Gold UP $12.30
Canadian $ UP 8 tick @ 102.88 near 3 yr high
In my portfolio :
Sold F
Added 120% NVDA @ $20.86
Added 30% RIMM @ $66.68
Portfolio is RIMM 50.19%, RVBD 34.84%,NVDA 14.97% as of 30 mts ago......
Most stocks are down....
@1.19 following are green :
RVBD,TSL,CMG,NFLX,BIDU,SLW,SOHU,CCJ,
TCK,CNQ,SU,JDSU,FNSR,FUQI,LSCC,ARUN,
EBIX,PCLN,GG,SINA,SNDA,LULU,NTES,AEM,
ABX,FSLR.....
BLOG does NOT give buy or sell.
Saleem
Friday, March 4, 2011
Thursday, March 3, 2011
Indices closed UP 1.59% to 1.84%...NICE !!!!
Indices had a broad based rally today despite non-guru's of CNBC were calling for 1175...S&P 500 closed @ 1330.97...many technicians were sure that 1320 was the "mother of all resistance"
Internals were as follows :
UP volume led by 5.22 to 1 in NYSE & 6.88 to 1 in Nasdaq
Advancing stocks led by 4.38 to 1 in NYSE & 3.33 to 1 in Nasdaq
New highs were 217 in NYSE & 149 in Nasdaq.....
Stocks which were UP 3% or more included RIMM,RVBD,APKT,
PCLN,PLCM,IBN,BAC,MGM,CIEN,FNSR,LSCC,CRUS,ARUN,EBIX.......
Friday @ 830 AM, it is all about Jobs report ..consensus is Job growth of 185,000
there is a very good chance of EXCEEDING that number.......
AH ER SLW was a beat & start of dividend, stock UP .96%
AH MRVL guiding lower, stock Down 6.37%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
Here are stocks which are flashing BUY signal.Please ensure your OWN due diligence by checking FA/TA/TAPE & make your OWN decision :
RIMM,RVBD,SNDA,TUES,ACI,BX,CVS,FXI,AMAT,
APKT,CIEN,FMCN,NTES,PLCM,GNK,WEN,CRUS,
HLIT,MU...
BLOG does NOT give buy or sell.
Saleem
Internals were as follows :
UP volume led by 5.22 to 1 in NYSE & 6.88 to 1 in Nasdaq
Advancing stocks led by 4.38 to 1 in NYSE & 3.33 to 1 in Nasdaq
New highs were 217 in NYSE & 149 in Nasdaq.....
Stocks which were UP 3% or more included RIMM,RVBD,APKT,
PCLN,PLCM,IBN,BAC,MGM,CIEN,FNSR,LSCC,CRUS,ARUN,EBIX.......
Friday @ 830 AM, it is all about Jobs report ..consensus is Job growth of 185,000
there is a very good chance of EXCEEDING that number.......
AH ER SLW was a beat & start of dividend, stock UP .96%
AH MRVL guiding lower, stock Down 6.37%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
Here are stocks which are flashing BUY signal.Please ensure your OWN due diligence by checking FA/TA/TAPE & make your OWN decision :
RIMM,RVBD,SNDA,TUES,ACI,BX,CVS,FXI,AMAT,
APKT,CIEN,FMCN,NTES,PLCM,GNK,WEN,CRUS,
HLIT,MU...
BLOG does NOT give buy or sell.
Saleem
Indices UP 1.49% to 1.85%...NICE !!!!
Indices are giving a clear message to shorts/panic traders/Adami/Kass that they have no clue about this market......
"It is all about worldwide economy STUPID".....this famous quote sums it up PERFECT...
Indices UP another 1.5%++++
Gold Down $23.40
Oil Down $1.95
Canadian $ Down 6 tick @ 102.72
VIX Down 10.34% @ 18.56..Najarian's were sure about 25 ????
Portfolio is F,NVDA,RIMM,RVBD.....
Most stocks are UP....
@ 1.18 following stocks are RED :
SOL,JKS,TSL,LDK,ARMH,SLW,CNQ,
SU,LVS,JASO,HSOL,FUQI,AMCC,
GG,IAG,AEM,GAME,ABX.....
BLOG does NOT give buy or sell.
Saleem
"It is all about worldwide economy STUPID".....this famous quote sums it up PERFECT...
Indices UP another 1.5%++++
Gold Down $23.40
Oil Down $1.95
Canadian $ Down 6 tick @ 102.72
VIX Down 10.34% @ 18.56..Najarian's were sure about 25 ????
Portfolio is F,NVDA,RIMM,RVBD.....
Most stocks are UP....
@ 1.18 following stocks are RED :
SOL,JKS,TSL,LDK,ARMH,SLW,CNQ,
SU,LVS,JASO,HSOL,FUQI,AMCC,
GG,IAG,AEM,GAME,ABX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 2, 2011
All Indices closed green.....NICE !!!!
Indices closed green despite Oil closing above $102.....
Many participants of this market are failing to see the "clear message".
This is a strong bull market, but traders like Doug Kass are on the wrong side of the TAPE for months .....maybe they have not heard of few famous wall street mantra's..like "never fight the TAPE & NEVER fight the Fed"......Mr Kass issued his 1000th alert today for market "definitive Sell signal"..he issued his 1st Sell when S&P 500 was @ 1000....and since then has issued weekly sell on CNBC & @ street.com
Internals of the market were positive all around......only strong markets turns UP in the face of extremely negative news like Oil @ multi year high & snaps back same day......
Stocks which closed green included RVBD,PLCM,CMG,AMZN,
AAPL,BIDU,MA,V,CNQ,CIEN,FNSR,NVLS,CCME,SOL....
VIX closed down 1.48% @ 20.70
In my portfolio :
Sold FFIV
Added 60% RIMM @ $65.85 which is now 43.16% of my portfolio....
Portfolio is F (12.99%),NVDA (7.72%),RIMM,RVBD (36.13%)....
AH Futures UP
AH Asian Markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Many participants of this market are failing to see the "clear message".
This is a strong bull market, but traders like Doug Kass are on the wrong side of the TAPE for months .....maybe they have not heard of few famous wall street mantra's..like "never fight the TAPE & NEVER fight the Fed"......Mr Kass issued his 1000th alert today for market "definitive Sell signal"..he issued his 1st Sell when S&P 500 was @ 1000....and since then has issued weekly sell on CNBC & @ street.com
Internals of the market were positive all around......only strong markets turns UP in the face of extremely negative news like Oil @ multi year high & snaps back same day......
Stocks which closed green included RVBD,PLCM,CMG,AMZN,
AAPL,BIDU,MA,V,CNQ,CIEN,FNSR,NVLS,CCME,SOL....
VIX closed down 1.48% @ 20.70
In my portfolio :
Sold FFIV
Added 60% RIMM @ $65.85 which is now 43.16% of my portfolio....
Portfolio is F (12.99%),NVDA (7.72%),RIMM,RVBD (36.13%)....
AH Futures UP
AH Asian Markets UP
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Indices Green despite Oil @ $102......NICE !!!!
Indices are displaying "unusual strength" despite oil jumping up to $102....
S&P 500 went down to 1302.58 only,well above recent low of 1294.26 ..Adami is looking for 1175.....CNBC Fast Money has the-most panic stricken traders on planet earth......it is amazing that they cannot read market TAPE ever....do they know that this IS the strongest bull market in history...i guess it needs a "higher IQ"
Oil UP $2.46
Gold UP $4.20
Canadian $ UP 9 tick @ 102.73
VIX Down 2.9% @ 20.40..CNBC fast panic money looking for 25 easy
Portfolio is FFIV,F,NVDA,RIMM,RVBD......
Most stocks are UP
@ 12.52 following are RED :
NVDA,JKS,CMG,NFLX,SLW,SOHU,CCJ,
BAC,MGM,JDSU,STP,HSOL,FUQI,ARUN,
EBIX,IGTE,NVTL,SINA,CSIQ,CTRN,JRCC,
MFC,VLO,SPWRA,FSLR,TTM,SNE,VAR...
BLOG does NOT give buy or sell.
Saleem
S&P 500 went down to 1302.58 only,well above recent low of 1294.26 ..Adami is looking for 1175.....CNBC Fast Money has the-most panic stricken traders on planet earth......it is amazing that they cannot read market TAPE ever....do they know that this IS the strongest bull market in history...i guess it needs a "higher IQ"
Oil UP $2.46
Gold UP $4.20
Canadian $ UP 9 tick @ 102.73
VIX Down 2.9% @ 20.40..CNBC fast panic money looking for 25 easy
Portfolio is FFIV,F,NVDA,RIMM,RVBD......
Most stocks are UP
@ 12.52 following are RED :
NVDA,JKS,CMG,NFLX,SLW,SOHU,CCJ,
BAC,MGM,JDSU,STP,HSOL,FUQI,ARUN,
EBIX,IGTE,NVTL,SINA,CSIQ,CTRN,JRCC,
MFC,VLO,SPWRA,FSLR,TTM,SNE,VAR...
BLOG does NOT give buy or sell.
Saleem
Tuesday, March 1, 2011
Indices closed Down from 1.38% to 1.61%....
Indices closed down about 1.6%, thanks to Oil spiking UP sharply.......
These are Geo-political events which takes a life of its own.
Economic news continues to be upbeat worldwide.
Here is the read on the internals of the market @ close :
Down volume led by 8.17 to 1 in NYSE & 4.82 to 1 in Nasdaq
Declining stocks led by 3.16 to 1 in NYSE & 3.29 to 1 in Nasdaq
New highs were in the lead by 182 in NYSE & 90 in Nasdaq....
VIX spiked UP 14.5% @ 21.01
Here is the closing RSI in indices :
Nasdaq 45.91
S&P 500 48.26
Dow 48.35
Based on the above read we have a very good chance of closing above recent lows.In S&P 500 number to watch is 1294.26.....we may dip below intraday but close is more important.....
In my portfolio :
Sold some FFIV
Added 40% RVBD @ $39.95 from sale of FFIV..RVBD moves up to my biggest position followed by RIMM then FFIV,F,NVDA.....
Portfolio is FFIV,F,NVDA,RIMM,RVBD
AH Futures Down
AH Asian Markets Down
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
These are Geo-political events which takes a life of its own.
Economic news continues to be upbeat worldwide.
Here is the read on the internals of the market @ close :
Down volume led by 8.17 to 1 in NYSE & 4.82 to 1 in Nasdaq
Declining stocks led by 3.16 to 1 in NYSE & 3.29 to 1 in Nasdaq
New highs were in the lead by 182 in NYSE & 90 in Nasdaq....
VIX spiked UP 14.5% @ 21.01
Here is the closing RSI in indices :
Nasdaq 45.91
S&P 500 48.26
Dow 48.35
Based on the above read we have a very good chance of closing above recent lows.In S&P 500 number to watch is 1294.26.....we may dip below intraday but close is more important.....
In my portfolio :
Sold some FFIV
Added 40% RVBD @ $39.95 from sale of FFIV..RVBD moves up to my biggest position followed by RIMM then FFIV,F,NVDA.....
Portfolio is FFIV,F,NVDA,RIMM,RVBD
AH Futures Down
AH Asian Markets Down
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Indices Down from .64% to .97%.....
All Indices are Down & again Nasdaq down the most......
Reason for today's slump looks like Oil...which is UP sharply...
Technically ..this is a basing period and finding support above recent lows....nothing alarming but necessary & NORMAL.....
VIX UP 7.14% @ 19.66
Oil UP $1.73
Gold UP $19.20
Canadian $ Down 29 tick @ 102.63
Portfolio is FFIV,F,NVDA,RIMM,RVBD.....
Most stocks are down.....
@12.56 following are UP :
RIMM,SLW,SOHU,MA,V,IBN,SU,
JDSU,JASO,STP,EBIX,DRYS,GG,
IAG,SINA,AEM,ABX,SPWRA,
FSLR,TTM.....
BLOG does NOT give buy or sell.
Saleem
Reason for today's slump looks like Oil...which is UP sharply...
Technically ..this is a basing period and finding support above recent lows....nothing alarming but necessary & NORMAL.....
VIX UP 7.14% @ 19.66
Oil UP $1.73
Gold UP $19.20
Canadian $ Down 29 tick @ 102.63
Portfolio is FFIV,F,NVDA,RIMM,RVBD.....
Most stocks are down.....
@12.56 following are UP :
RIMM,SLW,SOHU,MA,V,IBN,SU,
JDSU,JASO,STP,EBIX,DRYS,GG,
IAG,SINA,AEM,ABX,SPWRA,
FSLR,TTM.....
BLOG does NOT give buy or sell.
Saleem
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