Indices were strong again @ close & finished near high of the day in high volume.
Internals were strong, UP minimum 2 to 1.
S&P 500 has moved UP 4.97% from low. RSI is @ 58.67
Technically market looks solid, but MAY need a rest after 4 strong days.
Volume should be thin on Friday plus weekly option expiry, this MAY pin few leaders down.
Stocks which were UP 2% or more included TZOO,ATML,SOL,
VMW,SOHU,QCOM,ALTR,JKS,JDSU,SNDK,CRUS...
AH Futures Down
AH Asian Markets UP
AH Oil,Gold & Silver down.
BLOG does NOT give buy or sell.
Saleem
Thursday, June 30, 2011
Indices UP.96% to 1.15% .......NICE !!!!
Indices are all above 50 DMA, which is a strong technical signal of health of this market.
Internals are strong UP 3 to 1..
Gold Down $4.00
Oil Down 12 cent
Canadian $ UP 66 tick @ 103.75
VIX Down 6.72% @ 16.11
In my portfolio :
Bought UXG @ $5.91..a Silver Exploration company.
Portfolio is ATML,LULU,SOL,SVM,TZOO,UXG
Most stocks are UP
@ 12.39 following are Down :
GG,SLW,NFLX,FFIV,AMZN,MOS,CF,
MA,V,BAC,EBIX,ABX.....
BLOG does NOT give buy or sell.
Saleem
Internals are strong UP 3 to 1..
Gold Down $4.00
Oil Down 12 cent
Canadian $ UP 66 tick @ 103.75
VIX Down 6.72% @ 16.11
In my portfolio :
Bought UXG @ $5.91..a Silver Exploration company.
Portfolio is ATML,LULU,SOL,SVM,TZOO,UXG
Most stocks are UP
@ 12.39 following are Down :
GG,SLW,NFLX,FFIV,AMZN,MOS,CF,
MA,V,BAC,EBIX,ABX.....
BLOG does NOT give buy or sell.
Saleem
Wednesday, June 29, 2011
Indices closed higher again...NICE !!!!
Indices closed UP 3 days in a row in high volume.
Internals were positive.
Today was the day when VIX slumped almost 10% & Gold,Oil,Silver & stocks were UP.
S&P 500 closed @ 1307.41, 50 DMA is @ 1316.94 which should be taken out with ease.
RSI in S&P 500 is 54.55
As we all know, that this rally started when Adami & Kass were predicting major lows in S&P 500 AGAIN.There were many scared traders who believed in all the doom & gloom.Slowly they are coming back.Individual investors were most pessimistic.Today volume was high to confirm increasing participation......BUT holidays are coming so volume may drop off again. Canada is closed on Friday for our July 1st independence day & you are closed on Monday for July 4th holiday.Many traders are taking off from Thursday till Tuesday.
Stocks which were UP 2% or more included SOL,SVM,
UXG,FCX,RVBD,MPEL,FFIV,SLW,AG,CNQ,MOS,MA,V,
BAC,C....
AH Futures Mixed
AH Asian markets UP
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Internals were positive.
Today was the day when VIX slumped almost 10% & Gold,Oil,Silver & stocks were UP.
S&P 500 closed @ 1307.41, 50 DMA is @ 1316.94 which should be taken out with ease.
RSI in S&P 500 is 54.55
As we all know, that this rally started when Adami & Kass were predicting major lows in S&P 500 AGAIN.There were many scared traders who believed in all the doom & gloom.Slowly they are coming back.Individual investors were most pessimistic.Today volume was high to confirm increasing participation......BUT holidays are coming so volume may drop off again. Canada is closed on Friday for our July 1st independence day & you are closed on Monday for July 4th holiday.Many traders are taking off from Thursday till Tuesday.
Stocks which were UP 2% or more included SOL,SVM,
UXG,FCX,RVBD,MPEL,FFIV,SLW,AG,CNQ,MOS,MA,V,
BAC,C....
AH Futures Mixed
AH Asian markets UP
AH Gold,Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
Indices UP .49% to .84%........NICE !!!!
Indices are UP 3 days in a row.
Internals are positive.
Gold UP $9.20
Oil UP $2.60
Canadian $ UP 1.02 cent @ 103.04
VIX Down 7.93% @ 17.65
In my portfolio :
Sold CNQ
Bought LULU @ $111.67
Portfolio is ATML,LULU,SOL,SVM,TZOO
Most stocks are UP
@ 12.10 following are RED :
LULU,NTES,SINA,PLCM,LVS,NFLX,AAPL,
BWLD,SOHU,CRM,MA,JDSU,IGTE,EBIX,
FMCN,LDK,JKS....
BLOG does NOT give buy or sell.
Saleem
Internals are positive.
Gold UP $9.20
Oil UP $2.60
Canadian $ UP 1.02 cent @ 103.04
VIX Down 7.93% @ 17.65
In my portfolio :
Sold CNQ
Bought LULU @ $111.67
Portfolio is ATML,LULU,SOL,SVM,TZOO
Most stocks are UP
@ 12.10 following are RED :
LULU,NTES,SINA,PLCM,LVS,NFLX,AAPL,
BWLD,SOHU,CRM,MA,JDSU,IGTE,EBIX,
FMCN,LDK,JKS....
BLOG does NOT give buy or sell.
Saleem
Tuesday, June 28, 2011
Strong close in indices.....NICE !!!!
Indices closed near high of the day. Nasdaq was the strongest with 1.53% gain.
Internals of the market were strong.
S&P 500 has gained 3.07% from recent low, natural resistance MAY come around 50 DMA which is @ 1316.89. Today S&P 500 closed @ 1296.67.RSI is @ 50.85....60 is attainable.
Stocks which closed UP 3% or more included ATML,CNQ,TZOO,
WYNN,LULU,SINA,LVS,FCX,RVBD,MPEL,SOHU,APKT,FNSR,
CRUS,ARUN,IGTE...
AH Futures UP
AH Asian markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Internals of the market were strong.
S&P 500 has gained 3.07% from recent low, natural resistance MAY come around 50 DMA which is @ 1316.89. Today S&P 500 closed @ 1296.67.RSI is @ 50.85....60 is attainable.
Stocks which closed UP 3% or more included ATML,CNQ,TZOO,
WYNN,LULU,SINA,LVS,FCX,RVBD,MPEL,SOHU,APKT,FNSR,
CRUS,ARUN,IGTE...
AH Futures UP
AH Asian markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
Indices UP .93% to 1.13%...NICE !!!!
Indices are showing a back to back gain, reason.... we were deeply oversold.
Internals are UP 3 to 1
Gold UP $7.00
Oil UP 88 cents
Canadian $ UP 38 tick @ 101.79
VIX Down 4.04% @ 19.73
In my portfolio :
Sold AAPL
Portfolio is ATML,CNQ,SOL,SVM,TZOO
Most stocks are UP
@ 12.27 following are RED :
SOL,JASO,MOS,AMCC,C,BAC,STP,
SPRD ( muddy water short ),LDK,
KGC,AEM,GS....
BLOG does NOT give buy or sell.
Saleem
Internals are UP 3 to 1
Gold UP $7.00
Oil UP 88 cents
Canadian $ UP 38 tick @ 101.79
VIX Down 4.04% @ 19.73
In my portfolio :
Sold AAPL
Portfolio is ATML,CNQ,SOL,SVM,TZOO
Most stocks are UP
@ 12.27 following are RED :
SOL,JASO,MOS,AMCC,C,BAC,STP,
SPRD ( muddy water short ),LDK,
KGC,AEM,GS....
BLOG does NOT give buy or sell.
Saleem
Monday, June 27, 2011
Indices closed UP from .91% to 1.33%.....NICE !!!!
After all the doom & gloom plus dire predictions about economy & markets, we closed UP.
Once we close UP, every pundit on CNBC changes their tune.
Now that everyone is sure, that Oil is going down.....guess what that means...we may have seen the lows already...but once Oil goes UP..Gurus will change their tune as usual.
Today was a very good day for many stocks.
Internals were positive 3 to 1.....
Stocks which went UP 2% or more included WYNN, LULU,PLCM,SINA,
LVS,BIDU,RVBD,FFIV,
VMW,BWLD,CMG,ALTR,IBN,APKT,AMZN,
JDSU,FNSR,SNDK,BAC,CRUS,ARUN,JASO,LDK.....
AH Futures UP
AH Asian markets UP
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Once we close UP, every pundit on CNBC changes their tune.
Now that everyone is sure, that Oil is going down.....guess what that means...we may have seen the lows already...but once Oil goes UP..Gurus will change their tune as usual.
Today was a very good day for many stocks.
Internals were positive 3 to 1.....
Stocks which went UP 2% or more included WYNN, LULU,PLCM,SINA,
LVS,BIDU,RVBD,FFIV,
VMW,BWLD,CMG,ALTR,IBN,APKT,AMZN,
JDSU,FNSR,SNDK,BAC,CRUS,ARUN,JASO,LDK.....
AH Futures UP
AH Asian markets UP
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)