Nice rebound in market.....

All indices closed green.....

Gold closed Down

Oil closed @ multi year high

Stocks which were UP today included PCLN,MGM,RVBD,
AAPL,BIDU,GS,POT,SOHU,CCJ,X,TCK,CNQ,SU,FNSR.....

AH BIDU ER was a beat & guide UP,stock UP 7.61%

AH NVLS ER was a beat & guide UP,stock UP 3.96%

AH Futures UP

AH Asian markets UP

AH Oil Down

AH Gold UP

BLOG does NOT give buy or sell.

Saleem

Indices UP .42% to .68%......NICE !!!!

Market it seems have discounted Egypt factor.

Indices are UP around .5%....

Gold Down $5.50

Oil UP $2.13

Canadian $ Down 6 tick @ 99.82

VIX Down 3.94% @ 19.25

Most stocks are UP

Portfolio is FFIV,MGM,PCLN,RVBD......

@12.55 following are RED :

FFIV,F,AMZN,NFLX,RIMM,GOOG,CRM,
ISRG,IAG,SLW,M,GG,CREE,LEN,CIEN,
SNDK,CCME,EBIX,DRYS,LULU,CTRN,
AEM,TTM,SNE,GNK....

BIDU reports AH,it should be a beat,but it is all about guidance..which may not be as rosy.

BLOG Does NOT give buy or sell.

Saleem

Egyptian stalemate not a good thing for markets....

Markets will be kept hostage to Egyptian stalemate.Egypt has shut down banks & stock markets for Sunday & Monday,Sunday is a working day & start of the week.Middle East markets which are open on Sunday was down.Saudi Arabian markets were down 6% on Saturday & are UP 2.4% as of this minute on Sunday.Saudi Arabia starts week on Saturday & Sunday is day 2 of working week.

All Fundamental & technicals are on hold until markets have discounted the impact of Egyptian crisis.

US markets have corrected sharply on Friday & may do the same @ Monday open.Hopefully we may see some stability by Monday close.There is a very good chance that we may not close @ low of the day.

RSI are as follows :

Dow 57.57

S&P 500 52.13

Nasdaq 48.32

RSI is telling me that we MAY hold above 50 DMA in all Indices.......50 DMA in S&P 500 is 1247.79.....

Ironically,Friday's slump took lot of air out of this market which is healthy.Monday by 11 AM forced margin selling may bring support to an oversold conditions.

So hang on to strong stocks or buy them on sale.

Here is my weighting as of Friday's close :

FFIV 31.04%
RVBD 25.58%
PCLN 25.09%
MGM 18.29%

In my portfolio, i am down 24.57% for the year.Not only my stocks are down, but CAD is down also which impacts my overall results.

BLOG does NOT give buy or sell.

Saleem

Buy rated stocks.....

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

CBAK,ARAY,CRAY,JDSU,FNSR,SU,CNQ,
WNR,SLW,SLV,AUY,DRYS,NNA,TINY,
NSM,LTXC,STMP,HL......

Next post by noon on Sunday.

BLOG does NOT give buy or sell.

Saleem

1.39% to 2.48% loss in Indices.....

Indices were in deep retreat on heavy volume.

Internals were very weak....

Mid East uncertainty took a toll.

By noon Saturday,I will list some trading ideas.

BLOG does NOT give buy or sell.

Saleem

Egypt,Wkly Option & overbought putting pressure in markets.....

Unrest in Egypt an Oil producer,weekly Option Expiry & overbought conditions are taking a toll in markets today...

All Indices are Down from 1.31% to 2.41%...Nasdaq being the weakest thanks to AMZN,F & SNDK below expectations ER.....

VIX UP 17.59% @ 18.99

Oil UP $3.58

Gold UP $20.30

Canadian $ Down 34 tick @ 100.17

Portfolio is FFIV,MGM,PCLN,RVBD.....

Majority of stocks are Down....

@ 1.02 following are green :

RVBD,BAC,CRM,NFLX,SU,CNQ,
SLW,IAG,MOS,SOHU,CCJ,GG,
FNSR,JDSU,LSCC,DRYS,ASIA,
JRCC,AEM,ABX...

BLOG does NOT give buy or sell.

Saleem

All Indices closed green.....NICE !!!!

All Indices closed green,with S&P 500 hitting new highs.

Internals were Strong.

Gold continued its tumble.

Oil weak

VIX closed Down 2.94% @ 16.15

Following stocks were strong :

PCLN UP $14.44
FFIV UP $2.13
NFLX UP $27.84
AMZN UP $9.06
CMG UP $7.78
POT UP $5.52
CRUS UP $3.32
CCME UP $3.25
GS UP $2.72
LULU UP $2.19
SOHU UP $2.14

AH ER RVBD beat & guide UP,stock up 4.01%

AH AMZN ER was a miss on Sales & Guidance lower,stock down 9.36%

AH Futures Down

AH Asian Markets Down

AH Gold & Oil Down

BLOG does NOT give buy or sell.

Saleem