Markets ended on a strong note ...two day's in a row !!!!
VIX below 40 in a long long time !!!!!
NYSE had more new 52 wk highs than low today...14 new high 12 new low.....first time in a long time!!!!
NASDAQ had 21 new 52 wk highs...first time in a long time!!!!!
Advance were leading by 5.38 to 1 on NYSE!!!!
Advance were leading by 3.30 to 1 on NASDAQ!!!!
All in all strong TECHNICAL picture !!!!!
Wishing all BLOG visitors a HAPPY & PROSPEROUS 2009 !!!!!!
BLOG does NOT give buy or sell.
Saleem
Wednesday, December 31, 2008
2nd day of rally continues.....NICE !!!
Markets are GREEN again !!!!
Economic report surprised skeptics ..that we actually showing improvement.....
Most sectors are participating in this rally ...
Even Crude is coming back to GREEN !!!
In my ETF portfolio :
HOU Down 3 cents
HQU UP 12 cents
HMU UP 72 Cents
URE UP 31 cents
@ 11.58 AM following are green in my watch list:
PKB,TAN,AAPL,RIMM,WFR,V,GNK,DSX,UYM,DIG,TOL,
MA,GS,BIDU,ISRG,CMED,GOOG,MON,NYX,NDAQ.
BLOG does NOT give buy or sell.
Saleem
Economic report surprised skeptics ..that we actually showing improvement.....
Most sectors are participating in this rally ...
Even Crude is coming back to GREEN !!!
In my ETF portfolio :
HOU Down 3 cents
HQU UP 12 cents
HMU UP 72 Cents
URE UP 31 cents
@ 11.58 AM following are green in my watch list:
PKB,TAN,AAPL,RIMM,WFR,V,GNK,DSX,UYM,DIG,TOL,
MA,GS,BIDU,ISRG,CMED,GOOG,MON,NYX,NDAQ.
BLOG does NOT give buy or sell.
Saleem
Tuesday, December 30, 2008
NASDAQ closed @ absolute High Of The Day...NICE !!!!
Markets were celebrating BUYING near close where all indices shot UP to HOD.....
NASDAQ was the big winner with 2.67% UP move.....followed by 2.44% for S&P 500 & Dow was UP 2.17%...NICE NICE NICE !!!!!
Mining stocks were big winner..with AA UP almost 10%
Steels were UP also.....
Solar stocks took off in a big way with some sporting 30%++ UP move...while Oil was Down...
There was HEAVY call option activity in TSL,YGE......
Even SOL,CSIQ & JASO moved sharply UP......
RIMM & AAPL were RED????
One more day of sharp UP move by indices will bring buyers ..who are on the sidelines!!!!
BLOG does NOT give buy or sell.
Saleem
NASDAQ was the big winner with 2.67% UP move.....followed by 2.44% for S&P 500 & Dow was UP 2.17%...NICE NICE NICE !!!!!
Mining stocks were big winner..with AA UP almost 10%
Steels were UP also.....
Solar stocks took off in a big way with some sporting 30%++ UP move...while Oil was Down...
There was HEAVY call option activity in TSL,YGE......
Even SOL,CSIQ & JASO moved sharply UP......
RIMM & AAPL were RED????
One more day of sharp UP move by indices will bring buyers ..who are on the sidelines!!!!
BLOG does NOT give buy or sell.
Saleem
Nice rally after base building !!!!
Markets are showing life today after base building for several day's.....
1.5% to 2% is the range of advance so far in indices !!!!
Gold & Oil are giving up gains from yesterday.....
My Canadian $ is also weaker against US$...thus a red in my short US$....
In my portfolio :
HOU Down 10 cents..
HQU UP 29 cents
HMU UP 60 cents
URE UP 25 cents
@ 12.14PM following are green in my watch list :
AAPL,TAN,RIMM,PKB,STP,JASO,WFR,YGE,SLV,
ICE,CCJ,IGT,NDAQ,BIDU,WYN,SOHU,NYX,SAY,
ISRG,GS,VAR,CMED,OOG,MON,AGU,TOL,PHM,SGP,
UYM,GNK.
BLOG does NOT give buy or sell.
Saleem
1.5% to 2% is the range of advance so far in indices !!!!
Gold & Oil are giving up gains from yesterday.....
My Canadian $ is also weaker against US$...thus a red in my short US$....
In my portfolio :
HOU Down 10 cents..
HQU UP 29 cents
HMU UP 60 cents
URE UP 25 cents
@ 12.14PM following are green in my watch list :
AAPL,TAN,RIMM,PKB,STP,JASO,WFR,YGE,SLV,
ICE,CCJ,IGT,NDAQ,BIDU,WYN,SOHU,NYX,SAY,
ISRG,GS,VAR,CMED,OOG,MON,AGU,TOL,PHM,SGP,
UYM,GNK.
BLOG does NOT give buy or sell.
Saleem
Monday, December 29, 2008
Small retreat for indices....
Markets were down 2% but improved by close.....Declines were leading by almost 2 to 1....
Gold stocks were the leaders......
Crude Oil closed above $40......
Ag were green also......
Futures are UP after factoring fair value.....
Selling is getting near exhaustion.....
BLOG does NOT give buy or sell.
Saleem
Gold stocks were the leaders......
Crude Oil closed above $40......
Ag were green also......
Futures are UP after factoring fair value.....
Selling is getting near exhaustion.....
BLOG does NOT give buy or sell.
Saleem
Market Down from 1% to 2%.....
Markets are showing NO buying interest so far......
Nasdaq is the weakest index..while Dow is down the-least...
Dow Chemical is a drag on the market today after cancellation of project from Kuwait.....
GOLD is UP ...
AG is UP....
Oil is flattish after being UP 6% on Israeli Palestinian conflict which IS escalating ... over 300 death so far....
In my ETF :
HOU UP 3 cents
HQU Down 15 cents
HMU UP $1.82
URE Down 48 cents
Canadian $ slightly higher against US$....few green for me !!!
@ 11.41 PM ...following are UP in my watch list :
AAPL,ABX,GG,AUY,KGC,IPI,POT,AGU,STP,
JASO,YGE,CCJ,JRCC,SOHU,SAY,SNE,IBN,
SNY,DIG,CSIQ,SOL.
BLOG does NOT give buy or sell.
Saleem
Nasdaq is the weakest index..while Dow is down the-least...
Dow Chemical is a drag on the market today after cancellation of project from Kuwait.....
GOLD is UP ...
AG is UP....
Oil is flattish after being UP 6% on Israeli Palestinian conflict which IS escalating ... over 300 death so far....
In my ETF :
HOU UP 3 cents
HQU Down 15 cents
HMU UP $1.82
URE Down 48 cents
Canadian $ slightly higher against US$....few green for me !!!
@ 11.41 PM ...following are UP in my watch list :
AAPL,ABX,GG,AUY,KGC,IPI,POT,AGU,STP,
JASO,YGE,CCJ,JRCC,SOHU,SAY,SNE,IBN,
SNY,DIG,CSIQ,SOL.
BLOG does NOT give buy or sell.
Saleem
Sunday, December 28, 2008
Looking back @ 2008 & hopes for 2009 !!!!
Now that last day to book loss/gain is over for 2008......we have a complete picture of where 2008 ended.....Following are the numbers......:
Dow @ 8515.55 Down from 13494.30 a loss of 4978.75 or <36.9%>
S&P 500 @ 872.80 Down from 1488.01 a loss of 615.21 or <41.34%>
Nasdaq @ 1530.24 Down from 2697.77 a loss of 1167.53 or <43.3%>
The above losses took a HUGE toll in equity of all investors/traders.....as one can clearly see that there was no place to hide....so if you were lucky to be in Dow index your loss was 36.9% but if you were in Nasdaq index your loss was 43.3%.....add margin leverage or 40 times leverage of hedge funds.....then you are looking @ total wipe out or OWING money.....NOT a pretty picture @ all......
Majority of loss was incurred from June onwards...so it was a relentless downward dive in markets in the last seven months.......
We are 234.76 above lows in Nasdaq or +18.12%
We are 131.78 above lows in S&P 500 or +17.8%
We are 1123.28 above lows in Dow or +15.20%
It is important to understand what was the reason for total collapse in Equity in 2008......it was deleveraging of uncontrolled GREED which caused the financial system to UNWIND to non-operational level...NOT anticipated/predicted by Fed,ECB,Investors,Traders,Hedge funds,Banks or anyone with any financial know how......
Did we LEARN anything from 2008 FINANCIAL TSUNAMI......????
Yes ...it was a BITTER pill to swallow by proponent of FREE MARKET......which became RAMPANT with PROFIT @ all expense......
Credit was abused by millions which is ending in total collapse of housing prices in US & Britain which COMPOUNDED credit availability as equity evaporated from Houses & Stock Market.....
So...majority are facing HORRENDOUS liability & no equity to tap......a recipe for disaster in any economy.......thus a COLLAPSE in stock market......as economy is SEVERELY CHOKED UP......
So Economic FALLOUT became very evident to everyone as we close 2008 trading in Stock Market......as stock market is a great predictor of future equity prices.....so 40% SLUMP in equity prices in 2008 was NO accident.........
So .....
How about 2009 equity prices.......
Fed,ECB,China,Canada,Middle east are all PUMPING money to JOLT the economy out of COMA.........
DO they have chance to UNFREEZE credit?
DO they have MEANS to KICK START GROWTH in economy?
Will stock market RESPOND to resolution of CREDIT issues?
Will economy GROW again?
Will company start GROWING profit again?
The answer to all of the above is a confident YES !!!!!!
I am looking @ 2ND half of 09 as the time for GROWTH.......in world economy !!!!It will be a simultaneous GROWTH in GDP worldwide in 2ND half of 09......
As we all have learned that stock market ALWAYS predict next 6 to 9 months AHEAD.....so we MAY be sitting on a MAJOR turnaround in markets.......
I am positioning with ETF strategy to take advantage of UPCOMING turn UP in markets .....as I feel individual stocks are still VULNERABLE to market WHIMS & ANALYST game playing????
Please do your OWN due diligence & find your OWN comfort level with ETF or STOCKS.....
Here is my sector focus & $ allocation in ETF:
HOU.TO...ETF for Nymex Crude 9.9%
HQU.TO ETF for Nasdaq 100 19.6%
HMU.TO ETF for world mining & gold stocks 45.8%
URE ETF for commercial real estate 24.7%
Plus I am SHORT US$......
The logical question is ...WHY we did not get Christmas rally????
You CAN give full credit to Mr MADOFF who put the final nail on the stock market coffin by swindling to the tune of $50+ billion when deleveraging was almost complete......
As most participant have extremely LOW expectations of stock market & PESSIMISM is extremely HIGH about economy.......we are all set to move UP SHARPLY in 2009 !!!!!
Some other ETF worth looking @ are :
PKB,UYM,QLD,TAN,UYG to name a few among thousands of ETF by Proshares.Claymore,
Wisdom tree,Morgan Stanley etc.....MSNmoneycentral & smartmoney has ETF section to do some research......
Good luck on your OWN homework.
BLOG does NOT give buy or sell.
Saleem
Dow @ 8515.55 Down from 13494.30 a loss of 4978.75 or <36.9%>
S&P 500 @ 872.80 Down from 1488.01 a loss of 615.21 or <41.34%>
Nasdaq @ 1530.24 Down from 2697.77 a loss of 1167.53 or <43.3%>
The above losses took a HUGE toll in equity of all investors/traders.....as one can clearly see that there was no place to hide....so if you were lucky to be in Dow index your loss was 36.9% but if you were in Nasdaq index your loss was 43.3%.....add margin leverage or 40 times leverage of hedge funds.....then you are looking @ total wipe out or OWING money.....NOT a pretty picture @ all......
Majority of loss was incurred from June onwards...so it was a relentless downward dive in markets in the last seven months.......
We are 234.76 above lows in Nasdaq or +18.12%
We are 131.78 above lows in S&P 500 or +17.8%
We are 1123.28 above lows in Dow or +15.20%
It is important to understand what was the reason for total collapse in Equity in 2008......it was deleveraging of uncontrolled GREED which caused the financial system to UNWIND to non-operational level...NOT anticipated/predicted by Fed,ECB,Investors,Traders,Hedge funds,Banks or anyone with any financial know how......
Did we LEARN anything from 2008 FINANCIAL TSUNAMI......????
Yes ...it was a BITTER pill to swallow by proponent of FREE MARKET......which became RAMPANT with PROFIT @ all expense......
Credit was abused by millions which is ending in total collapse of housing prices in US & Britain which COMPOUNDED credit availability as equity evaporated from Houses & Stock Market.....
So...majority are facing HORRENDOUS liability & no equity to tap......a recipe for disaster in any economy.......thus a COLLAPSE in stock market......as economy is SEVERELY CHOKED UP......
So Economic FALLOUT became very evident to everyone as we close 2008 trading in Stock Market......as stock market is a great predictor of future equity prices.....so 40% SLUMP in equity prices in 2008 was NO accident.........
So .....
How about 2009 equity prices.......
Fed,ECB,China,Canada,Middle east are all PUMPING money to JOLT the economy out of COMA.........
DO they have chance to UNFREEZE credit?
DO they have MEANS to KICK START GROWTH in economy?
Will stock market RESPOND to resolution of CREDIT issues?
Will economy GROW again?
Will company start GROWING profit again?
The answer to all of the above is a confident YES !!!!!!
I am looking @ 2ND half of 09 as the time for GROWTH.......in world economy !!!!It will be a simultaneous GROWTH in GDP worldwide in 2ND half of 09......
As we all have learned that stock market ALWAYS predict next 6 to 9 months AHEAD.....so we MAY be sitting on a MAJOR turnaround in markets.......
I am positioning with ETF strategy to take advantage of UPCOMING turn UP in markets .....as I feel individual stocks are still VULNERABLE to market WHIMS & ANALYST game playing????
Please do your OWN due diligence & find your OWN comfort level with ETF or STOCKS.....
Here is my sector focus & $ allocation in ETF:
HOU.TO...ETF for Nymex Crude 9.9%
HQU.TO ETF for Nasdaq 100 19.6%
HMU.TO ETF for world mining & gold stocks 45.8%
URE ETF for commercial real estate 24.7%
Plus I am SHORT US$......
The logical question is ...WHY we did not get Christmas rally????
You CAN give full credit to Mr MADOFF who put the final nail on the stock market coffin by swindling to the tune of $50+ billion when deleveraging was almost complete......
As most participant have extremely LOW expectations of stock market & PESSIMISM is extremely HIGH about economy.......we are all set to move UP SHARPLY in 2009 !!!!!
Some other ETF worth looking @ are :
PKB,UYM,QLD,TAN,UYG to name a few among thousands of ETF by Proshares.Claymore,
Wisdom tree,Morgan Stanley etc.....MSNmoneycentral & smartmoney has ETF section to do some research......
Good luck on your OWN homework.
BLOG does NOT give buy or sell.
Saleem
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