Chinese PMI index came @ 53.8 for September vs 51.7 last month....consensus was 52.0...
This will give another lift to markets everywhere......
Great news for those who are long this market!!!!!
BLOG does NOT give buy or sell.
Saleem
Thursday, September 30, 2010
S&P 500 closed @ 1141.20.....
S&P 500 had a wild ride UP to 1157.16 & then slumped to 1136.08 only to close @ 1141.20.....
Today volume was highest in a long time for a Thursday.....which meant that lot of HF were booking profit & selling into opening rally.....
Market has gone UP the most of any September in history...so I along with many were positioned to sell into strong open...except for one sell of CRUS rest were booking gains..I am glad that i sold when everything was green or else i would have looked @ loss in most of my position.....
RSI of S&P 500 is @ 60.68...which is in neutral zone..BUT any dip will be a buying opportunity..
I do not believe that we are going into a "serious loss in October" BUT it could be choppy in next two weeks then good earning reports will give a lift.....
Many stocks are outperforming market averages..so it may not be a bad idea to stay put in strong sectors .....
My current portfolio is LVS,SNDK & VMW......
I am always looking for trading opportunity both long & short......
China PMI which comes tonight will set the tone for markets worldwide......i delayed my post to include those numbers but they are still not out......
AH Futures are Mixed ahead of Chinese PMI numbers...
AH Asian markets are Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
Today volume was highest in a long time for a Thursday.....which meant that lot of HF were booking profit & selling into opening rally.....
Market has gone UP the most of any September in history...so I along with many were positioned to sell into strong open...except for one sell of CRUS rest were booking gains..I am glad that i sold when everything was green or else i would have looked @ loss in most of my position.....
RSI of S&P 500 is @ 60.68...which is in neutral zone..BUT any dip will be a buying opportunity..
I do not believe that we are going into a "serious loss in October" BUT it could be choppy in next two weeks then good earning reports will give a lift.....
Many stocks are outperforming market averages..so it may not be a bad idea to stay put in strong sectors .....
My current portfolio is LVS,SNDK & VMW......
I am always looking for trading opportunity both long & short......
China PMI which comes tonight will set the tone for markets worldwide......i delayed my post to include those numbers but they are still not out......
AH Futures are Mixed ahead of Chinese PMI numbers...
AH Asian markets are Mixed
AH Gold Down
AH Oil UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 jumped to 1157.16 then pulled back...
All economic news was better than expected.....
S&P 500 went to a new recent high of 1157.16 then retraced to to 1136.08..now its fighting back ...
YES..we were oversold BUT current RSI is only 58.53 which is below overbought....
Gold Down $7
Oil UP 79 cents
Canadian $ UP 27 tick to 97.11
In my portfolio :
Sold AAPL
Sold AMZN
Sold BIDU
Sold CRUS
Bought LVS @ $34.51
Portfolio is SNDK,VMW,LVS....
Most stocks are down
BLOG does NOT give buy or sell.
Saleem
S&P 500 went to a new recent high of 1157.16 then retraced to to 1136.08..now its fighting back ...
YES..we were oversold BUT current RSI is only 58.53 which is below overbought....
Gold Down $7
Oil UP 79 cents
Canadian $ UP 27 tick to 97.11
In my portfolio :
Sold AAPL
Sold AMZN
Sold BIDU
Sold CRUS
Bought LVS @ $34.51
Portfolio is SNDK,VMW,LVS....
Most stocks are down
BLOG does NOT give buy or sell.
Saleem
Wednesday, September 29, 2010
Minor pullback @ close....
Indices took a break after reaching new height yesterday....
Internals were mixed...
Thursday is end of the month..I am expecting strong TAPE....
Stocks which were UP 4% or more included SNDK, CRUS,TSL,
YGE,FNSR,JDSU,STP,FUQI......
AH Futures Mixed
AH Asian markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Internals were mixed...
Thursday is end of the month..I am expecting strong TAPE....
Stocks which were UP 4% or more included SNDK, CRUS,TSL,
YGE,FNSR,JDSU,STP,FUQI......
AH Futures Mixed
AH Asian markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
Market indulging in month-end buying.....
Market is getting month-end buying which MAY continue until Monday......
Gold UP $3.60
Oil UP $1.50
Canadian $ UP 7 tick to 97.10
In my portfolio :
Bought AMZN @ $160.40
Bought CRUS @ $18.86
Portfolio is AAPL,AMZN,BIDU,CRUS,SNDK,VMW......
Most stocks are green.....with solar on fire !!!!
@ 12.45 following are RED :
AMZN,LVS,WYNN,PCLN,KGC,POT,GS,
IBN,SOHU,MA,GG,AGU,ASIA,BRCD,TCK,ICE,
AEM,ISRG.....
BLOG does NOT give buy or sell.
Saleem
Gold UP $3.60
Oil UP $1.50
Canadian $ UP 7 tick to 97.10
In my portfolio :
Bought AMZN @ $160.40
Bought CRUS @ $18.86
Portfolio is AAPL,AMZN,BIDU,CRUS,SNDK,VMW......
Most stocks are green.....with solar on fire !!!!
@ 12.45 following are RED :
AMZN,LVS,WYNN,PCLN,KGC,POT,GS,
IBN,SOHU,MA,GG,AGU,ASIA,BRCD,TCK,ICE,
AEM,ISRG.....
BLOG does NOT give buy or sell.
Saleem
Tuesday, September 28, 2010
S&P 500 went to new high of 1150 today...NICE !!!
S&P 500 went to 1150 which is a new recent high....
S&P 500 closed @ 1147.70 on high volume....
RSI is @ 64.28.....
Stocks that were UP 1% or more included RVBD,TSL,LVS,EGO,KGC,
IBN,AGU,YGE,M,PCLN,GG,X,CREE,CNQ,AMCC,FNSR,JASO,NVLS....
In my portfolio :
Bought VMW @ $87.35
Portfolio is AAPL,BIDU,SNDK,VMW......
AH Futures Mixed
AH Asian markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1147.70 on high volume....
RSI is @ 64.28.....
Stocks that were UP 1% or more included RVBD,TSL,LVS,EGO,KGC,
IBN,AGU,YGE,M,PCLN,GG,X,CREE,CNQ,AMCC,FNSR,JASO,NVLS....
In my portfolio :
Bought VMW @ $87.35
Portfolio is AAPL,BIDU,SNDK,VMW......
AH Futures Mixed
AH Asian markets UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
All Indices GREEN.....NICE !!!!
S&P 500 went down to 1132.09 just above breakout level of 1130 area...this was a very quick test of support...
Market had another mini "flash crash" this morning when all front line stocks tanked on AAPL rumour of their COO leaving for HPQ....
That slump gave me the chance to close my AAPL & BIDU short within 24 hours ......
Gold UP $9.30
Oil UP 12 cents
Canadian $ Down 12 tick to 96.92
Portfolio is long AAPL,BIDU & SNDK......
Stocks are Mixed....
@ 12.32 following are green :
RVBD,TSL,PCLN,VMW,EGO,KGC,
IBN,V,CREE,X,FMCN,CTRN,LULU,
AEM,FSLR,FWLT.....
BLOG does NOT give buy or sell.
Saleem
Market had another mini "flash crash" this morning when all front line stocks tanked on AAPL rumour of their COO leaving for HPQ....
That slump gave me the chance to close my AAPL & BIDU short within 24 hours ......
Gold UP $9.30
Oil UP 12 cents
Canadian $ Down 12 tick to 96.92
Portfolio is long AAPL,BIDU & SNDK......
Stocks are Mixed....
@ 12.32 following are green :
RVBD,TSL,PCLN,VMW,EGO,KGC,
IBN,V,CREE,X,FMCN,CTRN,LULU,
AEM,FSLR,FWLT.....
BLOG does NOT give buy or sell.
Saleem
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