NEVER fight the TAPE..NEVER fight the FED$$$$

"Never fight the tape & Never fight the Fed" ARE old saying...championed by many including Dr Marty Zweig.....

There IS lot of WISDOM in the above investing approach......

Some of us including ME believed too much in Fed...without realizing that this time it IS going to take a while before Fed ACTIONS will matter.....

As we were facing a "brand New set of issues"due to UNCONTROLLED greed..it was a HIT & MISS approach by Fed......

Sheila Bear was "right on the money" but BB & Paulson were ignoring her pointed approach.....

FINALLY with C resolution we are covering all bases by Fed,FDIC to deal with horrendous liquidity & mortgage adjustment issues......

Market IS taking "great comfort in seeing all the pieces together FINALLY"

In case IF you are WONDERING where IS the strength in the market coming from? especially when all the TECHNICIANS "threw in the TOWEL" and agreed in UNANIMITY that :

-Market is going LOWER to Dow 4000

-S&P 500 860 IS an impossible resistance

This just goes to prove that even the best minds gets separated from their $ with their WRONG conclusions.....

Markets has moved UP substantially since hitting INTRADAY LOWS which IS listed on Yahoo Finance :

S&P 500 low 741.02 Friday Close 896.24 +155.22 or +20.95%

Dow low 7392.27 Friday Close 8829.04 +1436.77 or +19.44%

Nasdaq low 1295.48 Friday Close 1535.57 +240.09 or +18.6%

Majority of the above GAINS were in last 5 days.......

SO......what IS the message of the market?

The message IS......

When everyone IS CONVINCED(Fundamental base or Technical base) that we are heading LOWER...then market TURNS UP on a DIME......

Most of US including ME were WRONG on the DOWNSIDE tape......BUT I can ASSURE you I will NOT be WRONG on the UPSIDE move in the TAPE......

I am fully invested with five different ETF......

Most of my ETF have participated in this RUNUP except Crude Oil.....which should JOIN the RUNUP ......

All my ETF are BULL Pro Beta means Double the ride UP.....

Here is my description of all my Bull ETF :

HXU.TO Toronto Top 60 Stocks

HOU.TO Nymex Crude

HSU.TO S&P 500

HQU.TO Nasdaq 100

HJU.TO Emerging Markets

I am looking @ adding one more ETF which will be in world mining stocks........

So....you may ask why ETF & NOT stocks???

Simple answer is ...that it is SAFER through ETF and individual stocks are still vulnerable to serious decline based on their Sales & Earning projections.....

These ETF are Double BULL...so upside IS tremendous......

Markets are looking BEYOND current KNOWN challenges.......It will NOT be WISE to keep looking in REAR-VIEW.....most economic numbers will be backward looking.....while Markets are ALWAYS forward looking & predict economy 6 to 9 months in advance.....

In case you are still not with me.....markets STARTED turning LOWER back in August of 2007 as it was predicting the ONGOING liquidity mess.....

So after turning LOWER to decades LOW in 16 months.....

Markets are looking towards UPCOMING economic RECOVERY !!!!!

So start your OWN equity RECOVERY program with your OWN due diligence about ECONOMY & how to play the CHANGE.......

CHANGE YOU CAN BELIEVE IN !!!!

BLOG does NOT give buy or sell.

Saleem

BUY rated stocks for "Higher highs in markets "

Following stocks are flashing buy signal.Please do your OWN due diligence by checking FA/TA/TAPE.

CHKP,CUTR,DISCA,INFA,ITRN,PAAS,RBCN,
RMBS,WDSC,ZBRA,WSII,FNM,FRE,KO,LAZ,
NPD,PCZ,PZE,TKC,WMT,USM,UXG,CLS.

Next post by 10AM Sunday.

BLOG does NOT give buy or sell.

Saleem

Technically STRONG stocks for "Higher highs in markets "

Following stocks are showing technical strength based on various formations.Please do your OWN due diligence by checking FA/TA/TAPE.

AUY,CCJ,OSIP,BLUD,SGP,PENN,COCO,HOLX,
SMG,SI,DBE,MICC,OMCL,ESI.

BLOG does NOT give buy or sell.

Saleem

DOW & S&P 500 Green 5 day's in a ROW....$$$$

Markets are NOT afraid of BEARS.....who have been short for 5 day's NOW...remember the famous call "SHORT S&P 500 @ 860....Today S&P 500 closed @ 896.22......

NASDAQ closed UP 4 out of 5 day's in a row......

All indices closed near High of the day..NASDAQ closed @ the highest level.....

Toronto markets will go ON till 4PM.....

AAPL & RIMM were RED.....still NASDAQ closed GREEN & HOD...

Markets are looking BEYOND economic reports which will be negative for few more months....

OIL pulled back today.....but it is coming back from the LOD...

GOLD continues its ramp UP...

Potash commodity prices are near HIGH still.

Canadian politics is a minor negative for Canadian $ today...I expect Canadian $ to be very strong on Monday based on our GDP report to be released on Monday before open....Canadian economy IS in much better shape than rest of the world.....

In my ETF portfolio @ 1.13PM :

HXU.TO UP 37 cents

HOU.TO Down 28 cents

HSU.TO UP 14 cents

HQU.TO Down 25 cents

HJU.TO Down 30 cents

BLOG does NOT give buy or sell.

By 10AM Saturday..I will list technically weak/strong/buy rated stocks.

Saleem

Toronto Closed UP 1.3%...UP 5 day's in a row..NICE !!!

Toronto Stock Exchange closed @ High of the day ...UP 5 day's in a row.....

Among the green were :

All of my ETF were GREEN.... except OIL.TO which was down 7 cents

Goldcorp UP 88 cents

ABX UP 85 cents

POT UP $3.43

CNQ UP $1.54

Oil stocks were UP while Oil was down 34 cents.

Can Wall Street go UP 5th day in a row ?..I think YES !!!!

BLOG does NOT give buy or sell.

Saleem

World's Stock markets are UP !!!!

World's stock market are UP :

Nikkei +1.95%

Hang Seng +1.37%

FTSE +1.77%

DAX +2.30%

CACS + 2.54%

TSE +.4% @ 2.23 PM..close @ 4 PM

OIL Down 54 cents

Gold UP $5.70

In my portfolio :

HXU.TO Down 7 cents

HOU.TO Down 8 cents

HSU.TO UP 10 cents

HQU.TO UP 8 cents

HJU.TO UP 2 cents

@ 2.27 PM in TSE :

RIM Down 70 cents

POT UP $4.30

AGU UP 29 cents

TD Down 12 cents

ECA Down 43 cents

CNQ UP 72 cents

Toronto market is on HOLD as we are waiting for an economic agenda in the parliament @ 4 PM today....

For play in US Energy area.....UNG,OIH , USO ,XLE,DIG & other ETF ..

Enjoy the Turkey & the company.

BLOG does NOT give buy or sell.

Saleem

HAPPY Thanksgiving !!!!

Markets gave a timely boost of CONFIDENCE by closing sharply HIGHER four days in a row...

All indices were strong with NASDAQ UP the most ...a whopping 4.6%......more than made UP for yesterdays small loss.....

Canadian & world markets are open on Thursday.......

Enjoy your get together with family & friends...

A very happy Thanksgiving !!!!

BLOG does NOT give buy or sell.

PS...I will post how Canadian markets are doing on Thursday as all of my ETF trades in Toronto plus many big stocks trade in Toronto like RIMM,POT,AGU,GG,ABX,ECA,CNQ,TD.....

Saleem