S&P 500 even today in this massive sell off did not go below Jan low of 1270 ???
This IS the second time S&P 500 has stayed above 1270 on an intraday basis or closing basis since Jan low.....
Monday most technicians would love to see S&P go below 1270 & then recover & close higher....will it happen ?????
Vix went as HIGH as 32.89 vs all time high of 37.57...is that enough FEAR?????
Vix closed @ 31.16 improved with S&P close.......
As you can see lot of UNRESOLVED technical issues from technical point of view........
I am hoping that Monday close... should give a very conclusive answer to technicals.....I hope !!!
Based on how I am looking @ markets .....it should be a very opportune time to pick strong stocks for either trade or long term positions.......
I will keep buying @ these level..whenever possible...trade some & keep some !!!!
This market is definitely "tougher"than what I was ever ready for........
So...we have no choice but learn to live with it.....like it or NOT.......
This retest whenever its over ...should create a solid bottom for this unpredictable market...so I think !!!
In my portfolio :
CSIQ rating 90/90 target $22.83
CMED rating 100/45 target $41.98
NVDA rating 85/100 rated for a "breakdown" @ $18.29 for a target of $15.88...IF NOT 1st UP target is $21.12
RIMM rating 30/90 target $113.77
TOL rating 65/70 target $21.58
In other stocks :
NTES rating 65/80 target $20.86
BIDU rating 25/45 target $279.61
10AM Saturday I will post a list of technically weak/strong & some new buying ideas !!!
BLOG does NOT give buy or sell.
Saleem
Friday, March 14, 2008
Markets down 2% on Bear Stearn's liquidity CRUNCH....
Markets are taking on the chin..thanks to Bear Stearn's liquidity CRUNCH.....
CPI came in better than expected and markets reversed the negative tape.....until Bear reversed it again to down 300 on Dow....
Bear Stearns liquidity issue is the result of prolonged credit crunch which is coming home to roost.......
BSC represents the last stage of credit mess......
First it was liquidation of bad assets......which was NOT enough...then Margin calls...which was NOT enough...NOW the final curtain.....
This stage of credit mess WILL PASS......
Because Fed IS working closely with financial system to facilitate & resolve all issues...no matter what it takes !!!!!
In my portfolio :
Bought TOL @ open cost $20.60
TOL down 46 cents..i am down 76 cents
CSIQ UP 14 cents
CMED UP 93 cents
NVDA down $1.02
RIMM down $2.09
@11.45 AM the following are green :
LDK (UP $3.32 2nd day in a row on heavier volume than yesterday ..already 4.6 million shares),
EGO,BIDU,DUG,POT,AUY,ABX,AMZN,MOS.
BLOG does NOT give buy or sell.
Saleem
CPI came in better than expected and markets reversed the negative tape.....until Bear reversed it again to down 300 on Dow....
Bear Stearns liquidity issue is the result of prolonged credit crunch which is coming home to roost.......
BSC represents the last stage of credit mess......
First it was liquidation of bad assets......which was NOT enough...then Margin calls...which was NOT enough...NOW the final curtain.....
This stage of credit mess WILL PASS......
Because Fed IS working closely with financial system to facilitate & resolve all issues...no matter what it takes !!!!!
In my portfolio :
Bought TOL @ open cost $20.60
TOL down 46 cents..i am down 76 cents
CSIQ UP 14 cents
CMED UP 93 cents
NVDA down $1.02
RIMM down $2.09
@11.45 AM the following are green :
LDK (UP $3.32 2nd day in a row on heavier volume than yesterday ..already 4.6 million shares),
EGO,BIDU,DUG,POT,AUY,ABX,AMZN,MOS.
BLOG does NOT give buy or sell.
Saleem
Thursday, March 13, 2008
Markets fought its way back from 235 down to +35 !!!
Markets showed a major resiliency by erasing entire 235 Dow points to close plus 35.....
What Carlyle took it away ...S&P projection of a finality in writedown gave it all back & then some......
Markets are now believing any scenario which gives solution to current credit related issues...
In my portfolio :
Sold QQQQ & booked a gain of 1.6% in an hour.......
Bought NVDA cost $19.23......
My portfolio is :
CSIQ,CMED,NVDA & RIMM.......
CSIQ rating 100/85 target $22.83
CMED rating 100/45 target $41.93
NVDA rating 80/85 target $21.86
RIMM rating 60/45 target $111.06
In other stocks :
JNPR rating 90/45 rated for "breakdown" @ $24.85 with a target of $22.94...IF NOT 1st UP target is $26.52
TOL rating 65/75 target $22.25
DUG rating 50/95 target $43.15
Strong stocks were LDK on massive short covering on secret analyst note to client on 7.5 million shares UP almost 24%...or LDK has agreed to do investment banking of convertible with PJ/GS..imho
Other strong stocks were ISRG,MA,TSL,GOOG,POT,AGU,MOS,GS,AAPL,
ICE,NYX,NDAQ,LRCX,WFR.....
BLOG does NOT give buy or sell.
Saleem
What Carlyle took it away ...S&P projection of a finality in writedown gave it all back & then some......
Markets are now believing any scenario which gives solution to current credit related issues...
In my portfolio :
Sold QQQQ & booked a gain of 1.6% in an hour.......
Bought NVDA cost $19.23......
My portfolio is :
CSIQ,CMED,NVDA & RIMM.......
CSIQ rating 100/85 target $22.83
CMED rating 100/45 target $41.93
NVDA rating 80/85 target $21.86
RIMM rating 60/45 target $111.06
In other stocks :
JNPR rating 90/45 rated for "breakdown" @ $24.85 with a target of $22.94...IF NOT 1st UP target is $26.52
TOL rating 65/75 target $22.25
DUG rating 50/95 target $43.15
Strong stocks were LDK on massive short covering on secret analyst note to client on 7.5 million shares UP almost 24%...or LDK has agreed to do investment banking of convertible with PJ/GS..imho
Other strong stocks were ISRG,MA,TSL,GOOG,POT,AGU,MOS,GS,AAPL,
ICE,NYX,NDAQ,LRCX,WFR.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 low 1282.11 so far...now 1299.32 !!!!
Markets are behaving in a predictable fashion.....
Down hard on bad news but starts recovery in 100 minutes......Not bad for a recovering markets......
Lot of money IS lost when focus on predicting the market & NOT locking profit.......
In My portfolio :
SOLD DUG..booked $1.25 per share profit..that is 3.2% in 2 hour of trade
SOLD EGO booked 25 cents per share profit..that is 3.5% in 2 hour of trade
Bought QQQQ my cost $41.90
My portfolio is :
CSIQ,CMED,RIMM & QQQQ
CSIQ down 46 cents
CMED down 23 cents
RIMM down 74 cents
QQQQ down 33 cents but I am UP 48 cents
@ 11.21 the following are green :
LDK(found support),NVDA(found support),CTRN,TOL,POT,
AUY,ABX.
BLOG does NOT give buy or sell.
Saleem
Down hard on bad news but starts recovery in 100 minutes......Not bad for a recovering markets......
Lot of money IS lost when focus on predicting the market & NOT locking profit.......
In My portfolio :
SOLD DUG..booked $1.25 per share profit..that is 3.2% in 2 hour of trade
SOLD EGO booked 25 cents per share profit..that is 3.5% in 2 hour of trade
Bought QQQQ my cost $41.90
My portfolio is :
CSIQ,CMED,RIMM & QQQQ
CSIQ down 46 cents
CMED down 23 cents
RIMM down 74 cents
QQQQ down 33 cents but I am UP 48 cents
@ 11.21 the following are green :
LDK(found support),NVDA(found support),CTRN,TOL,POT,
AUY,ABX.
BLOG does NOT give buy or sell.
Saleem
Economic Data is NOT as negative for markets !!!!
Markets are taking it on the chin in pre-market...thanks to another blowup in Carlyle Capital Group which is close to collapse........
None of the morning economic data points to recession......just an ongoing "slowdown"
I am expecting markets to gain footing going into close......
Pre-market showing :
Gold kissing $1,000
Oil UP again
All inverse UP sharply
Stocks down.....
I am sure Perma-Bears are very happy going into Open????
It will be an interesting close.....
Please do your OWN due diligence based on your OWN investment objectives.
BLOG does NOT give buy or sell.
Saleem
None of the morning economic data points to recession......just an ongoing "slowdown"
I am expecting markets to gain footing going into close......
Pre-market showing :
Gold kissing $1,000
Oil UP again
All inverse UP sharply
Stocks down.....
I am sure Perma-Bears are very happy going into Open????
It will be an interesting close.....
Please do your OWN due diligence based on your OWN investment objectives.
BLOG does NOT give buy or sell.
Saleem
Wednesday, March 12, 2008
Little give back in markets after huge runup !!!!
Markets closed on a small negative.....S&P 500 was down .9%..Dow down .38% & Nasdaq down .53%......a very small give back......
We are getting new religion for 1 technician who came on Fast Money & changed from Bear to Bull......that is a nice start......getting bull religion IS good @ this stage of markets life !!!
Thursday we should be able to resume green close again !!!!
In my portfolio :
Sold COIN..booked a loss of $2.25 per share.....tape has been weak on a relative basis....
Bought DUG the ultra short of Oil & Gas index cost $38.36
Bought EGO a Gold stock which has cleared some legal issue & resumed production @ their biggest mine in Turkey...a low cost producer of Gold cost $7.10 !!!!
My portfolio is :
CSIQ,CMED,DUG,EGO & RIMM......
CSIQ rating 75/95 target $22.83
CMED rating 100/80 target $41.97
DUG rating 70/45 target $40.62
EGO rating 30/30 rated for a "breakout" @ $7.20 with a target price of $7.88
RIMM rating 35/50 target $104.86
In other stocks :
TOL rating 60/70 target $21.28
JNPR rating 70/70 rated for a "breakdown" @ $24.85 with a target of $22.94..IF NOT 1st UP target is $26.53
Strong stocks were..FSLR,BIDU,MA,STP,ISRG,SOHU,GRMN,VMW,CIEN.....
BLOG does NOT give buy or sell.
Saleem
We are getting new religion for 1 technician who came on Fast Money & changed from Bear to Bull......that is a nice start......getting bull religion IS good @ this stage of markets life !!!
Thursday we should be able to resume green close again !!!!
In my portfolio :
Sold COIN..booked a loss of $2.25 per share.....tape has been weak on a relative basis....
Bought DUG the ultra short of Oil & Gas index cost $38.36
Bought EGO a Gold stock which has cleared some legal issue & resumed production @ their biggest mine in Turkey...a low cost producer of Gold cost $7.10 !!!!
My portfolio is :
CSIQ,CMED,DUG,EGO & RIMM......
CSIQ rating 75/95 target $22.83
CMED rating 100/80 target $41.97
DUG rating 70/45 target $40.62
EGO rating 30/30 rated for a "breakout" @ $7.20 with a target price of $7.88
RIMM rating 35/50 target $104.86
In other stocks :
TOL rating 60/70 target $21.28
JNPR rating 70/70 rated for a "breakdown" @ $24.85 with a target of $22.94..IF NOT 1st UP target is $26.53
Strong stocks were..FSLR,BIDU,MA,STP,ISRG,SOHU,GRMN,VMW,CIEN.....
BLOG does NOT give buy or sell.
Saleem
Market UP 2nd day running !!!!
Markets are doing a strong early follow through ...after a HUGE run yesterday.
Financials are strong second day in a row also.....
Financials must participate for rally to be sustained in a meaningful manner.....
In My portfolio :
CSIQ UP $1.25
CMED down 27 cents
RIMM UP $1.44
COIN down 17 cents
@ 11.14 AM the following are Green :
MA,GS,JNPR,DUG,BRCM,C,TSL,SNDK,VMW,AAPL,CTRP,
BIDU,LVS,POT,SPWR,FSLR,ISRG,XLF,AMZN,GOOG,FWLT,
SOHU,STP,GRMN,WFR.
Good luck for rest of the day.
BLOG does NOT give buy or sell.
Saleem
Financials are strong second day in a row also.....
Financials must participate for rally to be sustained in a meaningful manner.....
In My portfolio :
CSIQ UP $1.25
CMED down 27 cents
RIMM UP $1.44
COIN down 17 cents
@ 11.14 AM the following are Green :
MA,GS,JNPR,DUG,BRCM,C,TSL,SNDK,VMW,AAPL,CTRP,
BIDU,LVS,POT,SPWR,FSLR,ISRG,XLF,AMZN,GOOG,FWLT,
SOHU,STP,GRMN,WFR.
Good luck for rest of the day.
BLOG does NOT give buy or sell.
Saleem
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