Oil down below $108......
Markets red all over ????
In bear market no good news like oil down $40 is taken as bullish....they always find negative news to focus in..like worldwide slowdown...thus oil is going down...while GS insist that Oil is heading to $149???
Solar stocks are taking big hit......support on many solar is being tested...
In my portfolio :
SOL Down $1.25 ..went as low as $15.70...going through 50 DMA of $16.33...will it recover above 50 DMA needs to be seen......
CSIQ Down $2.19...taking a beating with other solar stocks......
@ 11.34 AM the following are green :
ABK,JNPR,CTRN,NYX,VLO,VAR,GOOG,
HOD.TO,DUG,AZO,ALX.
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 3, 2008
Tuesday, September 2, 2008
246 Dow points Rally failed ?????
Markets tried to celeberate minor damage from Gustav & drop in oil.......
But......
There were lot of sellers waiting to lock their position ????
In bear market rally is generally sold...especially a HUGE rally of 246 points......
Today's selling is no indicator of what will happen on Wednesday......
We are getting oversold very quickly...so do not be surprised to see a firm close on Wednesday....
In my portfolio :
CSIQ rating 50/95 target $43.22
SOL rating 50/95 target $28.36
Please understand that old rules of selling @ 8% loss or let the winner RUN...does not apply in bear market..loss should be booked more like 5% and lock any profit...or else risk sitting with a HUGE loss & evaporating profit on a weekly basis.......
This IS a trading market until it CHANGES its character.....
BLOG does NOT give buy or sell.
Saleem
But......
There were lot of sellers waiting to lock their position ????
In bear market rally is generally sold...especially a HUGE rally of 246 points......
Today's selling is no indicator of what will happen on Wednesday......
We are getting oversold very quickly...so do not be surprised to see a firm close on Wednesday....
In my portfolio :
CSIQ rating 50/95 target $43.22
SOL rating 50/95 target $28.36
Please understand that old rules of selling @ 8% loss or let the winner RUN...does not apply in bear market..loss should be booked more like 5% and lock any profit...or else risk sitting with a HUGE loss & evaporating profit on a weekly basis.......
This IS a trading market until it CHANGES its character.....
BLOG does NOT give buy or sell.
Saleem
Oil & Gold down...US$ & markets UP
Markets are celeberating oil,gold,commodities fall.....
Damage from Gustav is well below expectations.....
Solar stocks are being sold off in sympathy to oil falling to $108++ area..oil was as low as $105 area....
In my portfolio :
Sold AAPL @ break even.....
Sold RIMM for a loss of $4.50 per share....
Bought more CSIQ cost went up to $29.75
Portfolio is SOL & CSIQ......
SOL Down $1.20
CSIQ Down $1.83...CSIQ was mentioned positively today by Oppenheimer after speaking to CSIQ management which does not see any slowdown and saying estimates are low...implying that CSIQ will easily beat estimates.....
@11.45 AM the following are green :
GOOG ( new browser),AAPL,RIMM,V,C,TRN,ICE,IGT,
NDAQ,WYNN,BIDU,LVS,WYN,ISRG,XLF,GS,VAR(new high),
IBN,TOL,QLD,HOD.TO,DUG,AMZN.
BLOG does NOT give buy or sell.
Saleem
Damage from Gustav is well below expectations.....
Solar stocks are being sold off in sympathy to oil falling to $108++ area..oil was as low as $105 area....
In my portfolio :
Sold AAPL @ break even.....
Sold RIMM for a loss of $4.50 per share....
Bought more CSIQ cost went up to $29.75
Portfolio is SOL & CSIQ......
SOL Down $1.20
CSIQ Down $1.83...CSIQ was mentioned positively today by Oppenheimer after speaking to CSIQ management which does not see any slowdown and saying estimates are low...implying that CSIQ will easily beat estimates.....
@11.45 AM the following are green :
GOOG ( new browser),AAPL,RIMM,V,C,TRN,ICE,IGT,
NDAQ,WYNN,BIDU,LVS,WYN,ISRG,XLF,GS,VAR(new high),
IBN,TOL,QLD,HOD.TO,DUG,AMZN.
BLOG does NOT give buy or sell.
Saleem
Monday, September 1, 2008
Gustav Category 2..winds 110 MPH...????
Markets were bracing for a major damage with category 5 storm......
Latest update @ 9.40 AM is presenting a much optimistic picture.....
If we do not see major hit to Oil & Gas infrastructure plus no damage to Refinery....markets will rally in a strong manner.....
Currently futures are pointing to a small negative....
European markets are in minor negative.....some are ready to turn Green....
The downgrade of Gustav will get markets going about its business....
Friday's triple digit loss was attributed to a large part to Gustav potential uncertainty & damages.....
So what looks good based on recent tape......
Solar IS the-strongest sector and its tape is looking good.....
Now MAY be a good time to have few solar in your portfolio.....
Some solar stocks have jumped 50% in less than 2 weeks......so they may rest before resuming their UPTREND......
Some solar have NOT participated in solar rally & they look ready to play catch UP......
I am positioned with SOL & CSIQ......which have lagged the solar rally......
LDK & STP are the leaders in price gains & should be bought on any pullback.....
FSLR has NOT participated in this rally...so it IS a strong buy currently......
YGE & TSL are also lagging so they are a buy for a rally mode.....
SOLF with its declining margins and estimates being down for this Q3 may need to consolidate....13+ it is a BUY......
Financials are becoming a casino...so be careful with your selections..MS,JPM,MER looks strong to me.....
Techs have been going down for few days and are ready to bounce back...AAPL,RIMM,QCOM,AMZN looks good.....
Ag sector looks good also IPI,AGU showing relative strength.....
As oil may retrace so keep an eye on CHK,APA,ECA,CNQ,SU for entry point.....
Gold will also pull back to $800 support area...so look for entry point in GG,ABX,AEM.....
So buying any sector on pullbacks will be a smart strategy.....
It IS a rotating market almost on a daily basis......
So take profit in strong sector & enter weak sector & keep alternating......
Till end of October I expect markets to be daily trading markets......
Please understand that my portfolio WILL change rapidly to take advantage of many sector rotations.....
So have focused trading strategy......
For long term holders...just sit tight and you will be ahead..... if you are in strong stocks....
Good luck on your OWN due diligence.
None of us bat 100 ever !!!!!
BLOG does NOT give buy or sell.
Saleem
Latest update @ 9.40 AM is presenting a much optimistic picture.....
If we do not see major hit to Oil & Gas infrastructure plus no damage to Refinery....markets will rally in a strong manner.....
Currently futures are pointing to a small negative....
European markets are in minor negative.....some are ready to turn Green....
The downgrade of Gustav will get markets going about its business....
Friday's triple digit loss was attributed to a large part to Gustav potential uncertainty & damages.....
So what looks good based on recent tape......
Solar IS the-strongest sector and its tape is looking good.....
Now MAY be a good time to have few solar in your portfolio.....
Some solar stocks have jumped 50% in less than 2 weeks......so they may rest before resuming their UPTREND......
Some solar have NOT participated in solar rally & they look ready to play catch UP......
I am positioned with SOL & CSIQ......which have lagged the solar rally......
LDK & STP are the leaders in price gains & should be bought on any pullback.....
FSLR has NOT participated in this rally...so it IS a strong buy currently......
YGE & TSL are also lagging so they are a buy for a rally mode.....
SOLF with its declining margins and estimates being down for this Q3 may need to consolidate....13+ it is a BUY......
Financials are becoming a casino...so be careful with your selections..MS,JPM,MER looks strong to me.....
Techs have been going down for few days and are ready to bounce back...AAPL,RIMM,QCOM,AMZN looks good.....
Ag sector looks good also IPI,AGU showing relative strength.....
As oil may retrace so keep an eye on CHK,APA,ECA,CNQ,SU for entry point.....
Gold will also pull back to $800 support area...so look for entry point in GG,ABX,AEM.....
So buying any sector on pullbacks will be a smart strategy.....
It IS a rotating market almost on a daily basis......
So take profit in strong sector & enter weak sector & keep alternating......
Till end of October I expect markets to be daily trading markets......
Please understand that my portfolio WILL change rapidly to take advantage of many sector rotations.....
So have focused trading strategy......
For long term holders...just sit tight and you will be ahead..... if you are in strong stocks....
Good luck on your OWN due diligence.
None of us bat 100 ever !!!!!
BLOG does NOT give buy or sell.
Saleem
Saturday, August 30, 2008
BUY rated stocks for "a post hurricane market "
Following stocks are flashing buy signal.Please do your own due diligence by checking FA/TA/TAPE.
CSIQ,EMKR,FSLR,GROW,JBLU,JMBA,NOVL,SWIR,
MA,MTG,MER,NDN,TJX,V,YGE,RY,KOL.CM,LIZ,HST.
Next post on Monday by 10 AM.
Enjoy your labor day long weekend with friends & family.
BLOG does NOT give buy or sell.
Saleem
CSIQ,EMKR,FSLR,GROW,JBLU,JMBA,NOVL,SWIR,
MA,MTG,MER,NDN,TJX,V,YGE,RY,KOL.CM,LIZ,HST.
Next post on Monday by 10 AM.
Enjoy your labor day long weekend with friends & family.
BLOG does NOT give buy or sell.
Saleem
Technically STRONG stocks for "a post hurricane market "
Following stocks are showing technical strength based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
SYT,CCC,CDS,OI,VIP,PCP,DHI,AMZN,ALU,
AMD,ITT,NETL,MAS,WTR,SWC,SONE,MXWL,
PMCS,TBL,CCK.
BLOG does NOT give buy or sell.
Saleem
SYT,CCC,CDS,OI,VIP,PCP,DHI,AMZN,ALU,
AMD,ITT,NETL,MAS,WTR,SWC,SONE,MXWL,
PMCS,TBL,CCK.
BLOG does NOT give buy or sell.
Saleem
Technically WEAK stocks for "a post hurricane market "
Following stocks are showing technical weakness based on various formations.Please do your own due diligence by checking FA/TA/TAPE.
BRCM,CHU,EXPE,STMP,AMC,SOHU,SLAB,HMA.
BLOG does NOT give buy or sell.
Saleem
BRCM,CHU,EXPE,STMP,AMC,SOHU,SLAB,HMA.
BLOG does NOT give buy or sell.
Saleem
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