Despite overbought conditions & no agreement in Greece, indices came close to break even.
Internals were negative as listed :
Down volume led by 1.14 to 1 in NYSE & 1.40 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.42 to 1 in Nasdaq
New 52 wk highs were in the lead, 104 in NYSE & 93 in Nasdaq
VIX UP & closed @ 17.76
Oil Down & closed @ $96.91
Gold closed Down @ $1724.90
AH ER :
YUM UP 2.15%
CSTR UP 16.73%
PMCS Down 6.08%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, S&P 500 closed @ 1344.33, CMF rising @ 0.437, RSI 73.16. I have a strong opinion, that we may see 80+++......based on inflow of funds & momentum, we are headed higher to challenge previous highs of 1380 area......
BLOG does NOT give buy or sell.
Saleem
Monday, February 6, 2012
Mild pullback on "overbought condition" & "Greece"......
Indices are down slightly, despite overbought condition. Greece has not agreed to resolve their impending issues.
Indices are down .15% to .31%
Internals are negative.
Oil Down 69 cents
Gold Down $14.80
Canadian $ Down 18 tick @ 100.46 US$
VIX UP 4.62% @ 17.89
Portfolio is AMZN,CNQ,RIMM,RVBD...
Most stocks are down
@ 1.36 following are UP :
RVBD,AAPL,CMG,GOOG,LULU,FIO,
GG,JCP,V,APKT,JDSU,CIEN,FNSR,
SBUX,AEM,NYX,NDAQ,KOG....
BLOG does NOT give buy or sell.
Saleem
Indices are down .15% to .31%
Internals are negative.
Oil Down 69 cents
Gold Down $14.80
Canadian $ Down 18 tick @ 100.46 US$
VIX UP 4.62% @ 17.89
Portfolio is AMZN,CNQ,RIMM,RVBD...
Most stocks are down
@ 1.36 following are UP :
RVBD,AAPL,CMG,GOOG,LULU,FIO,
GG,JCP,V,APKT,JDSU,CIEN,FNSR,
SBUX,AEM,NYX,NDAQ,KOG....
BLOG does NOT give buy or sell.
Saleem
Sunday, February 5, 2012
Nasdaq & Small cap @ new breakout......NICE
Nasdaq has taken the lead in breaking out above recent highs.
Small caps are also @ new breakout .
Technicals of this market has spoken, it is decidedly bullish & going higher.
RSI are sitting @ :
Dow 69.57
S&P 500 73.59
Nasdaq 79.68
As you can clearly see that S&P 500 & Dow has to play catching up to Nasdaq strength.
S&P 500 is staring @ 1385, which is May peak.Closing weekly number is 1370.58, these two numbers are important to know IF there is a "real breakout".
We had flow of many positive news, Jobs number was the bigger news which gave breakout to many stocks.
As i am a fan of RSI for direction, i can only suggest that your portfolio RSI should be in much higher focus now.
Markets have been going in a "rotational correction" for a while, thus having low & high RSI stocks is a good strategy.
YES there MAY be a "pause" sometimes this week in indices, some stocks may pullback more than others.
In a starting bull market, there is surprises on the UP moves not in down moves.
Dow @ highest point since May 2011...
Nasdaq @ 11 yr high....
These are powerful statistics.
IF you are underexposed to this market, it is important to have a balance of laggard & strong stocks.
Laggards needs to be evaluated for its growth potential going forward.
This market has been very good for those who stayed in high growth stocks.
Market has moved much faster & in a straight line, which is highly unusual.
Nobody was able to predict this strong move.
It is important to "go with the flow of this market"
Correction or pullbacks should not deter a strong bullish exposure.
I intend to increase my exposure as we go along.
TAPE is telling us to believe in "major bull moves ahead"
New 52 wk highs are telling us more than what we need to know...
Good luck in your OWN analysis & view of the market.
BLOG does NOT give buy or sell.
Saleem
Small caps are also @ new breakout .
Technicals of this market has spoken, it is decidedly bullish & going higher.
RSI are sitting @ :
Dow 69.57
S&P 500 73.59
Nasdaq 79.68
As you can clearly see that S&P 500 & Dow has to play catching up to Nasdaq strength.
S&P 500 is staring @ 1385, which is May peak.Closing weekly number is 1370.58, these two numbers are important to know IF there is a "real breakout".
We had flow of many positive news, Jobs number was the bigger news which gave breakout to many stocks.
As i am a fan of RSI for direction, i can only suggest that your portfolio RSI should be in much higher focus now.
Markets have been going in a "rotational correction" for a while, thus having low & high RSI stocks is a good strategy.
YES there MAY be a "pause" sometimes this week in indices, some stocks may pullback more than others.
In a starting bull market, there is surprises on the UP moves not in down moves.
Dow @ highest point since May 2011...
Nasdaq @ 11 yr high....
These are powerful statistics.
IF you are underexposed to this market, it is important to have a balance of laggard & strong stocks.
Laggards needs to be evaluated for its growth potential going forward.
This market has been very good for those who stayed in high growth stocks.
Market has moved much faster & in a straight line, which is highly unusual.
Nobody was able to predict this strong move.
It is important to "go with the flow of this market"
Correction or pullbacks should not deter a strong bullish exposure.
I intend to increase my exposure as we go along.
TAPE is telling us to believe in "major bull moves ahead"
New 52 wk highs are telling us more than what we need to know...
Good luck in your OWN analysis & view of the market.
BLOG does NOT give buy or sell.
Saleem
Friday, February 3, 2012
Strong close on key economic data......NICE !!!!
Market were all set to go after strong Jobs data.
@ close indices were UP 1.23% to 1.61%
Internals were :
UP volume led by 6.30 to 1 in NYSE & 5.28 to 1 in Nasdaq
Advancing stocks led by 3.67 to 1 in NYSE & 4.02 to 1 in Nasdaq
New 52 wk highs were in the lead, 299 in NYSE & 256 in Nasdaq
VIX closed @ 17.10
Oil UP @ $97.83
Gold Down @ $1728.70
Canadian $ UP 40 tick @ 45 tick above US$
In my portfolio :
Bought RIMM @ $16.87
Portfolio is AMZN,CNQ,RIMM,RVBD
Here is my weighting :
AMZN 31.11%
RVBD 26.81%
CNQ 21.51%
RIMM 20.57%
Exposure 94%
Stocks which were UP $ or more included AMZN,RVBD,
CMG,GOOG,CLF,COH,TCK,LULU,AAPL,AGU,GSVC,
SNDK,PCLN,VMW,FFIV,BIDU,CRM,APKT,MA,FNSR,
C,OCZ.....
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
@ close indices were UP 1.23% to 1.61%
Internals were :
UP volume led by 6.30 to 1 in NYSE & 5.28 to 1 in Nasdaq
Advancing stocks led by 3.67 to 1 in NYSE & 4.02 to 1 in Nasdaq
New 52 wk highs were in the lead, 299 in NYSE & 256 in Nasdaq
VIX closed @ 17.10
Oil UP @ $97.83
Gold Down @ $1728.70
Canadian $ UP 40 tick @ 45 tick above US$
In my portfolio :
Bought RIMM @ $16.87
Portfolio is AMZN,CNQ,RIMM,RVBD
Here is my weighting :
AMZN 31.11%
RVBD 26.81%
CNQ 21.51%
RIMM 20.57%
Exposure 94%
Stocks which were UP $ or more included AMZN,RVBD,
CMG,GOOG,CLF,COH,TCK,LULU,AAPL,AGU,GSVC,
SNDK,PCLN,VMW,FFIV,BIDU,CRM,APKT,MA,FNSR,
C,OCZ.....
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, February 2, 2012
Nasdaq & S&P 500 had impressive close today....NICE !!!!
Indices fought back, after Ben Bernanke "impact comment" in his testimony.He is trying to wake up US politicians to see reality & deal with it.
Nasdaq & S&P 500 ended higher, while Dow barely down 11 points to be exact.
Internals were :
UP volume led by 1.29 to 1 in NYSE & 1.97 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.53 to 1 in Nasdaq
New 52 wk highs were in the lead, 187 in NYSE & 156 in Nasdaq
VIX closed down @ 17.98, this is the biggest indicator of current bull move.
Oil closed down @ $96.36
Gold closed UP @ $1759.30
In my portfolio :
Covered my short on LVS
Bought CNQ @ $40.01
Portfolio is AMZN,CNQ & RVBD
Weighting are :
AMZN 39.16%
RVBD 33.76%
CNQ 27.08%
Exposure 74.3%
Stocks which were UP $ or more included AMZN,
OTEX,M,GG,QCOM,BIDU,GOOG,APKT,MA,
V,WYNN,GSVC,ZNGA.....
AH ER :
TTWO UP 1.78%
WYNN Down 3.30%
ATML Down 6.93%
APKT Down 12.59%
THQI Down 25.00%
About market, It is a strong bull market. It is a sustained UP moving market in a gradual mode. There is rotating correction going on for few days then UP move. This is the-most stable UPTREND i have seen in a long long time.
RSI is presenting an interesting picture :
Dow 63.36
S&P 500 67.55
Nasdaq 75.51
Nasdaq is only four points away from making a "golden cross" last one to do. I still recommend looking @ RSI for potential sideways to down move in stocks particularly & markets in general.
AH futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
PS...went to do some chores, got back later than my afternoon posting time, a rarity in my schedule. Sincere apology for missing my posting.
Saleem
Nasdaq & S&P 500 ended higher, while Dow barely down 11 points to be exact.
Internals were :
UP volume led by 1.29 to 1 in NYSE & 1.97 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & 1.53 to 1 in Nasdaq
New 52 wk highs were in the lead, 187 in NYSE & 156 in Nasdaq
VIX closed down @ 17.98, this is the biggest indicator of current bull move.
Oil closed down @ $96.36
Gold closed UP @ $1759.30
In my portfolio :
Covered my short on LVS
Bought CNQ @ $40.01
Portfolio is AMZN,CNQ & RVBD
Weighting are :
AMZN 39.16%
RVBD 33.76%
CNQ 27.08%
Exposure 74.3%
Stocks which were UP $ or more included AMZN,
OTEX,M,GG,QCOM,BIDU,GOOG,APKT,MA,
V,WYNN,GSVC,ZNGA.....
AH ER :
TTWO UP 1.78%
WYNN Down 3.30%
ATML Down 6.93%
APKT Down 12.59%
THQI Down 25.00%
About market, It is a strong bull market. It is a sustained UP moving market in a gradual mode. There is rotating correction going on for few days then UP move. This is the-most stable UPTREND i have seen in a long long time.
RSI is presenting an interesting picture :
Dow 63.36
S&P 500 67.55
Nasdaq 75.51
Nasdaq is only four points away from making a "golden cross" last one to do. I still recommend looking @ RSI for potential sideways to down move in stocks particularly & markets in general.
AH futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
PS...went to do some chores, got back later than my afternoon posting time, a rarity in my schedule. Sincere apology for missing my posting.
Saleem
Wednesday, February 1, 2012
Indices closed UP .66% to 1.22%....NICE !!!!!
Indices were strong on manufacturing data worldwide & Greece optimism.
Internals were :
UP volume led by 5.41 to 1 in NYSE & 6.98 to 1 in Nasdaq
Advancing stocks led by 4.82 to 1 in NYSE & 3.39 to 1 in Nasdaq
New 52 wk highs were in huge lead, 285 in NYSE & 134 in Nasdaq
Oil closed @ $97.71
Gold Closed @ $1749.50
VIX closed @ 18.55
Stocks which were UP 2% or more included RVBD,
LVS,X,AGU,CIEN,FNSR,JDSU,C,ARUN,WWWW,
WYNN,OTEX,NTES,MPEL,VMW,FFIV,BWLD,
CRM,MS,BRCM,VECO.....
AH ER :
CMG Down 1.89%
LVS Down 1.55%
QCOM UP 5.02%
JDSU UP 6.09%
OTEX UP 9.27%
My portfolio weighting are :
AMZN 43.57% long
RVBD 37.55% long
LVS 18.88% short
I am getting big break from my CAD long & US$ short position, it has saved my equity in a big way. I am UP 36.45% since start of the year. This is quite good, considering that i have pulled out substantial amount of equity from market. Even today with AMZN slump, my equity ended UP 4.08% due to increase in CAD valuation. CAD closed UP 81 tick for me today. 36.45% YTD gain is due to 54% gain through equity & 46% gain through CAD. I would have done much better IF i had left all my equity in market. Also RVBD & AMZN did not help either. Bottom line, quite thankful for performance to date.
About market, today was quite impressive in terms of internal strength as listed above.S&P 500 should take out 1333.47, RSI @ 67.03 is getting close to 70 area where we pulled back from. I am going to maintain my short in LVS & may add another short position to balance my long AMZN & RVBD.
This market has been more strong than i had anticipated, thus paying a price from less exposure. BUT overbought conditions do get corrected & was a fact for previous four days.
AH Futures Mixed
AH Asian Markets UP
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals were :
UP volume led by 5.41 to 1 in NYSE & 6.98 to 1 in Nasdaq
Advancing stocks led by 4.82 to 1 in NYSE & 3.39 to 1 in Nasdaq
New 52 wk highs were in huge lead, 285 in NYSE & 134 in Nasdaq
Oil closed @ $97.71
Gold Closed @ $1749.50
VIX closed @ 18.55
Stocks which were UP 2% or more included RVBD,
LVS,X,AGU,CIEN,FNSR,JDSU,C,ARUN,WWWW,
WYNN,OTEX,NTES,MPEL,VMW,FFIV,BWLD,
CRM,MS,BRCM,VECO.....
AH ER :
CMG Down 1.89%
LVS Down 1.55%
QCOM UP 5.02%
JDSU UP 6.09%
OTEX UP 9.27%
My portfolio weighting are :
AMZN 43.57% long
RVBD 37.55% long
LVS 18.88% short
I am getting big break from my CAD long & US$ short position, it has saved my equity in a big way. I am UP 36.45% since start of the year. This is quite good, considering that i have pulled out substantial amount of equity from market. Even today with AMZN slump, my equity ended UP 4.08% due to increase in CAD valuation. CAD closed UP 81 tick for me today. 36.45% YTD gain is due to 54% gain through equity & 46% gain through CAD. I would have done much better IF i had left all my equity in market. Also RVBD & AMZN did not help either. Bottom line, quite thankful for performance to date.
About market, today was quite impressive in terms of internal strength as listed above.S&P 500 should take out 1333.47, RSI @ 67.03 is getting close to 70 area where we pulled back from. I am going to maintain my short in LVS & may add another short position to balance my long AMZN & RVBD.
This market has been more strong than i had anticipated, thus paying a price from less exposure. BUT overbought conditions do get corrected & was a fact for previous four days.
AH Futures Mixed
AH Asian Markets UP
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices UP .98% to 1.33%....NICE !!!!
Indices are UP nicely showing upto 1.33% gain.
Internals are positive by minimum 3 to 1.
Oil down 42 cents
Gold UP $7.30
Canadian $ UP 46 tick @ 100.18 above US$
VIX Down 5.66% @ 18.34
In my portfolio :
Sold RIMM
Short LVS @ $49.94
Portfolio is Long AMZN, RVBD & short LVS
Exposure 67%
LVS reports AH, this is my third try @ predicting earning reaction, so far i am becoming a contrary indicator of price movement.....let us see how i do on third try.
CMG reports tonight also.
Most stocks are UP
@ 2.25 following are down :
AMZN,WPRT,JCP,OCZ,FIO,APKT,GG,TSL,
AMCC,KOG....
BLOG does NOT give buy or sell.
Saleem
Internals are positive by minimum 3 to 1.
Oil down 42 cents
Gold UP $7.30
Canadian $ UP 46 tick @ 100.18 above US$
VIX Down 5.66% @ 18.34
In my portfolio :
Sold RIMM
Short LVS @ $49.94
Portfolio is Long AMZN, RVBD & short LVS
Exposure 67%
LVS reports AH, this is my third try @ predicting earning reaction, so far i am becoming a contrary indicator of price movement.....let us see how i do on third try.
CMG reports tonight also.
Most stocks are UP
@ 2.25 following are down :
AMZN,WPRT,JCP,OCZ,FIO,APKT,GG,TSL,
AMCC,KOG....
BLOG does NOT give buy or sell.
Saleem
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