Nasdaq mangaed to close in green, while Dow & S&P 500 slightly lower.Not bad considering 4th interest rate hike in China.
Nasdaq closed UP despite slumping GOOG & AAPL based on anti-trust concerns & rebalancing.
Internals of the market were positive.
Stocks which were UP 2% or more included SLW,BWLD,M,LVS,LULU,
TCK,CIEN,FNSR,JASO,
SNDK,AG,TZOO,APKT.....
AH AMSC warned about horrendous revenue shortfall, stock down 40.19%....
AH futures UP
AH Asian Markets UP
AH Gold & Silver UP
AH Oil down
BLOG does NOT give buy or sell.
Saleem
Tuesday, April 5, 2011
Indices green from .25% to .56% despite Chinese rate hike.....
Indices are all UP despite couple of negative force in the market.Indices are ignoring Chinese rate hike & AAPL downward weighting.
Oil Down 42 cents
Gold @ record high UP $21.50
Canadian $ also hitting new 3 yr high UP 38 tick @ 103.80
VIX Down 5.66% @ 16.51
Portfolio is BIDU,JKS,POT,SOL,RVBD.....
Most stocks are UP
@ 1.17 following are RED :
BIDU,POT,GOOG,AAPL,FSLR,PLCM,MU,
NFLX,CRM,GS,AKAM,IBN,SOHU,CREE,
SU,ARUN,EBIX,ASIA,SINA,SNDA,JRCC,
MFC,NYX,SNE,GNK,FWLT......
BLOG does NOT give buy or sell.
Saleem
Oil Down 42 cents
Gold @ record high UP $21.50
Canadian $ also hitting new 3 yr high UP 38 tick @ 103.80
VIX Down 5.66% @ 16.51
Portfolio is BIDU,JKS,POT,SOL,RVBD.....
Most stocks are UP
@ 1.17 following are RED :
BIDU,POT,GOOG,AAPL,FSLR,PLCM,MU,
NFLX,CRM,GS,AKAM,IBN,SOHU,CREE,
SU,ARUN,EBIX,ASIA,SINA,SNDA,JRCC,
MFC,NYX,SNE,GNK,FWLT......
BLOG does NOT give buy or sell.
Saleem
China raising rates for 4th time & AAPL being weighted down ?
Markets are under slight pressure due to China raising interest rates for the 4th time & AAPL weighting is being reduced by Nasdaq in Nasdaq 100 / QQQQ from 20.49% to 12.33%....which forces selling due to rebalancing by HF & Institutions.AAPL rebalancing is effective May 2nd.
China is forced to increase interest rates as inflation is ticking up in Chinese retail & wholesale.
I expect markets to close GREEN....
Any weakness in pre-market & @ open should be bought.
BLOG does NOT give buy or sell.
Saleem
China is forced to increase interest rates as inflation is ticking up in Chinese retail & wholesale.
I expect markets to close GREEN....
Any weakness in pre-market & @ open should be bought.
BLOG does NOT give buy or sell.
Saleem
Monday, April 4, 2011
Dow & S&P 500 closed UP, while Nasdaq closed down slightly.....
Today indices were mixed @ close with Dow & S&P in green while Nasdaq in Red.....
Oil Closed @ $108.47 in futures, highest level since Sep 2008.
Silver closed @ $38.494, highest close since Feb 1980.
Internals of stock markets were mixed.
Stocks which were UP close to 2% or UP included BIDU,POT,CF,
SLW,LULU,APKT,TCK,MOS,
SOHU,MA,SNDK,ARUN,TZOO.
AH TXN is buying NSM @ huge premium of 78%. NSM UP 72.85%
Many Chip stocks UP AH in sympathy / hope.
AH Futures UP
AH Asian markets Mixed
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Oil Closed @ $108.47 in futures, highest level since Sep 2008.
Silver closed @ $38.494, highest close since Feb 1980.
Internals of stock markets were mixed.
Stocks which were UP close to 2% or UP included BIDU,POT,CF,
SLW,LULU,APKT,TCK,MOS,
SOHU,MA,SNDK,ARUN,TZOO.
AH TXN is buying NSM @ huge premium of 78%. NSM UP 72.85%
Many Chip stocks UP AH in sympathy / hope.
AH Futures UP
AH Asian markets Mixed
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices Green...NICE !!!!
Indices are green......
Oil UP 15 cents
Gold UP $4.40
Canadian $ Down 43 tick @ 103.39
VIX UP .57% @ 17.50
In my portfolio :
Sold SLW
Bought POT @ $60.77
Portfolio is BIDU,JKS,POT,RVBD,SOL.......
My portfolio is a trading portfolio. My sell has some comparative logic when i am swapping with something else. Idea is to make money either by daytrading or swing trading..
Most stocks are UP....
@ 12.34 following are RED :
JKS,SOL,AAPL,GOOG,CMG,FSLR,PLCM,MU,
GS,LEN,CIEN,FNSR,C,STP,NVLS,CRUS,NVDA,
JASO,TSL,ASIA,RCI,SNDA,ICE,JRCC,NDAQ,
NYX,GAME,SNE,GNK.....
BLOG does NOT give buy or sell.
Saleem
Oil UP 15 cents
Gold UP $4.40
Canadian $ Down 43 tick @ 103.39
VIX UP .57% @ 17.50
In my portfolio :
Sold SLW
Bought POT @ $60.77
Portfolio is BIDU,JKS,POT,RVBD,SOL.......
My portfolio is a trading portfolio. My sell has some comparative logic when i am swapping with something else. Idea is to make money either by daytrading or swing trading..
Most stocks are UP....
@ 12.34 following are RED :
JKS,SOL,AAPL,GOOG,CMG,FSLR,PLCM,MU,
GS,LEN,CIEN,FNSR,C,STP,NVLS,CRUS,NVDA,
JASO,TSL,ASIA,RCI,SNDA,ICE,JRCC,NDAQ,
NYX,GAME,SNE,GNK.....
BLOG does NOT give buy or sell.
Saleem
Friday, April 1, 2011
Indices closed UP .31% to .50%...NICE !!!!
All indices closed green. Gains were kept in check by weekly Option Expiry.
Dow did go through previous high with ease.
S&P 500 & Nasdaq are within striking distance of taking old highs.
Internals were Mixed.
New 52 wk highs are in overdrive, the best i have seen for months, 374 in NYSE & 238 in Nasdaq.
RSI in indices are as follows @ close :
S&P 500 60.23
Nasdaq 60.25
Dow 62.04
Based on the direction of RSI, we are all set to go HIGHER.
Economic picture is getting better in US, which is the largest economy.
Job creation is picking UP & unemployment is coming down. Hedge Funds & Institutions will increase their exposure to Equity going forward.
Japan crisis is creating headache for many technology companies. Today cloud stocks took it on the chin. RVBD was pummelled 8.15% on 88% more volume. FFIV down 8.78% on triple volume. It is tough to call a bottom on high volume selling as HF are getting out. Looks like today MAY be a "capitulation" day.
In my portfolio :
Sold POT
Added entire position in SOL @ $10.05
Bought BIDU @ $138.40
Portfolio is BIDU,JKS,SOL,RVBD,SLW.....
Here is my portfolio weighting & RSI @ close :
RVBD 33.11% 35.49
JKS 26.32% 50.69
BIDU 18.62% 73.84
SLW 12.31% 54.82
SOL 9.64% 54.12
BIDU is rated for "breakout" @ $140.13 with a target of $151.40 by www.stockconsultant.com.
This is a difficult market for value investor as value gets cheaper & cheaper.Momentum stocks are back in vogue & making new highs.Some of the notable ones are :
BIDU
CMG
PCLN
LULU
I am trying to mix value & momentum , hoping it will work out better .
Oil closed @ $107.94, a new high in many years. Oil is giving clear signal that worldwide economy is in "growth mode"
VIX closed down 1.47% @ 17.48...means fear is low...which bodes well for further rally.
Good luck with your OWN homework. Idea is to regroup & make money.
Next post Monday around 1 PM.
BLOG does NOT give buy or sell.
Saleem
Dow did go through previous high with ease.
S&P 500 & Nasdaq are within striking distance of taking old highs.
Internals were Mixed.
New 52 wk highs are in overdrive, the best i have seen for months, 374 in NYSE & 238 in Nasdaq.
RSI in indices are as follows @ close :
S&P 500 60.23
Nasdaq 60.25
Dow 62.04
Based on the direction of RSI, we are all set to go HIGHER.
Economic picture is getting better in US, which is the largest economy.
Job creation is picking UP & unemployment is coming down. Hedge Funds & Institutions will increase their exposure to Equity going forward.
Japan crisis is creating headache for many technology companies. Today cloud stocks took it on the chin. RVBD was pummelled 8.15% on 88% more volume. FFIV down 8.78% on triple volume. It is tough to call a bottom on high volume selling as HF are getting out. Looks like today MAY be a "capitulation" day.
In my portfolio :
Sold POT
Added entire position in SOL @ $10.05
Bought BIDU @ $138.40
Portfolio is BIDU,JKS,SOL,RVBD,SLW.....
Here is my portfolio weighting & RSI @ close :
RVBD 33.11% 35.49
JKS 26.32% 50.69
BIDU 18.62% 73.84
SLW 12.31% 54.82
SOL 9.64% 54.12
BIDU is rated for "breakout" @ $140.13 with a target of $151.40 by www.stockconsultant.com.
This is a difficult market for value investor as value gets cheaper & cheaper.Momentum stocks are back in vogue & making new highs.Some of the notable ones are :
BIDU
CMG
PCLN
LULU
I am trying to mix value & momentum , hoping it will work out better .
Oil closed @ $107.94, a new high in many years. Oil is giving clear signal that worldwide economy is in "growth mode"
VIX closed down 1.47% @ 17.48...means fear is low...which bodes well for further rally.
Good luck with your OWN homework. Idea is to regroup & make money.
Next post Monday around 1 PM.
BLOG does NOT give buy or sell.
Saleem
Dow @ new high....NICE !!!!
All indices are UP as jobs data came in better than expected.Unemployment is now @ 8.8% lowest since March of 09...we all know what happened in March of 09.....stock market hit the lowest point.....
Dow made it into record book by vaulting UP to 12,419.71 which is way higher than previous high of 12,391.29....
S&P 500 & Nasdaq are next to hit the record book.
Oil UP 79 cents to record level of $107.51
Gold Down $9.70..still @ $1429.20
Canadian $ UP 62 tick @ 103.72 a new 4 yr high.....
In my portfolio :
Bought a tiny position of SOL @ $10.42
Portfolio is JKS,POT,SOL,RVBD,SLW.....
Most stocks are UP
@ 1.54 following are RED :
RVBD,JKS,SOL,SLW,FFIV,APKT,FSLR,PLCM,
AAPL,RIMM,MU,CREE,AMCC,JDSU,FNSR,CIEN,
JASO,STP,SNDK,CRUS,ARUN,NVDA,GG,CSIQ,
ICE,BRCD,AEM,TSL,ABX,SPWRA,GNK.....
Cloud stocks are under pressure due to many analysts notes,
some downgrading or reducing targets.As i have noted in my
analysis Japan MAY be a downer for many techs due to their
"extraordinary impact" caused by many calamities.Analysts are
saying that FFIV ER may MISS & further guide LOWER.
RVBD being mentioned due to "valuations issue". I personally
believe that this JAPAN factor has been discounted NOW.
BLOG does NOT give buy or sell.
Saleem
Dow made it into record book by vaulting UP to 12,419.71 which is way higher than previous high of 12,391.29....
S&P 500 & Nasdaq are next to hit the record book.
Oil UP 79 cents to record level of $107.51
Gold Down $9.70..still @ $1429.20
Canadian $ UP 62 tick @ 103.72 a new 4 yr high.....
In my portfolio :
Bought a tiny position of SOL @ $10.42
Portfolio is JKS,POT,SOL,RVBD,SLW.....
Most stocks are UP
@ 1.54 following are RED :
RVBD,JKS,SOL,SLW,FFIV,APKT,FSLR,PLCM,
AAPL,RIMM,MU,CREE,AMCC,JDSU,FNSR,CIEN,
JASO,STP,SNDK,CRUS,ARUN,NVDA,GG,CSIQ,
ICE,BRCD,AEM,TSL,ABX,SPWRA,GNK.....
Cloud stocks are under pressure due to many analysts notes,
some downgrading or reducing targets.As i have noted in my
analysis Japan MAY be a downer for many techs due to their
"extraordinary impact" caused by many calamities.Analysts are
saying that FFIV ER may MISS & further guide LOWER.
RVBD being mentioned due to "valuations issue". I personally
believe that this JAPAN factor has been discounted NOW.
BLOG does NOT give buy or sell.
Saleem
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