Indices are on a steady course of moving UP.
S&P 500 @ 1405.94
RSI @ 64.54
Internals are positive anywhere from 2.5 to 4.5 to 1
Oil UP $2.02
Gold Down $3.10
Canadian $ UP 37 tick @ 100.33, means you have to pay 100.33 cents US for 1 CAD.
VIX Down 1.44% @ 15.72
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
Most stocks are UP
@ 1.59 following are Down :
AUY,GOOG,AAPL,LNKD,FB,MA,V....
BLOG does NOT give buy or sell.
Saleem
Tuesday, August 7, 2012
Monday, August 6, 2012
Indices closed UP .16% to .74%......NICE !!!!
Indices closed UP after huge gains on Friday.
S&P 500 closed @1394.23
RSI @ 61.53
Internals were :
UP volume led by 1.94 to 1 in NYSE & 2.98 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 1.66 to 1 in Nasdaq...yes it IS accurate.
New 52 wk highs were leading, 190 in NYSE & 71 in Nasdaq
VIX closed UP 1.98% @ 15.95
Oil closed @ $92.20
Gold closed @ $1616.20
Stocks which closed UP 2% or more included BIDU,LVS,NTES,TCK,AUY,
KORS,TIF,CLF,FCX,LNKD,
FB,CIEN,COH,ZNGA,MU,JDSU,C......
AM / AH ER :
CTSH UP 10.97%
SOHU UP 17.75%
CYOU UP 18.74%
BSFT UP 21.81%
JDAS Down 7.51%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE remains healthy with back to back gains & higher highs made & higher close in all indices. It is important to stay engaged with good stocks. This TAPE is strong enough to ride stocks UP. Conviction is important in this "new stable & uptrending environment".
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @1394.23
RSI @ 61.53
Internals were :
UP volume led by 1.94 to 1 in NYSE & 2.98 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 1.66 to 1 in Nasdaq...yes it IS accurate.
New 52 wk highs were leading, 190 in NYSE & 71 in Nasdaq
VIX closed UP 1.98% @ 15.95
Oil closed @ $92.20
Gold closed @ $1616.20
Stocks which closed UP 2% or more included BIDU,LVS,NTES,TCK,AUY,
KORS,TIF,CLF,FCX,LNKD,
FB,CIEN,COH,ZNGA,MU,JDSU,C......
AM / AH ER :
CTSH UP 10.97%
SOHU UP 17.75%
CYOU UP 18.74%
BSFT UP 21.81%
JDAS Down 7.51%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE remains healthy with back to back gains & higher highs made & higher close in all indices. It is important to stay engaged with good stocks. This TAPE is strong enough to ride stocks UP. Conviction is important in this "new stable & uptrending environment".
BLOG does NOT give buy or sell.
Saleem
Indices UP .52% to .99%....NICE !!!!
Indices are going UP again.
S&P 500 @ 1398.15
Internals are positive by 2 to 1
Oil UP 41 cents
Gold UP $5.20
Canadian $ UP 16 tick @ 100.02
VIX UP 2.05% @ 15.96
Portfolio is BIDU LVS LEN NTES JCP TCK AUY
Most stocks are UP
@ 2.29 following are RED :
LEN YUM CMG LULU M AMZN
MA BRCM GMCR BWLD ARNA
PANW SNE
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1398.15
Internals are positive by 2 to 1
Oil UP 41 cents
Gold UP $5.20
Canadian $ UP 16 tick @ 100.02
VIX UP 2.05% @ 15.96
Portfolio is BIDU LVS LEN NTES JCP TCK AUY
Most stocks are UP
@ 2.29 following are RED :
LEN YUM CMG LULU M AMZN
MA BRCM GMCR BWLD ARNA
PANW SNE
BLOG does NOT give buy or sell.
Saleem
Sunday, August 5, 2012
Are we all set to take out April high of 1422.38.....YES we CAN !!!!
SO..here we are on Aug 3rd of 2012, S&P 500 sitting @ 1390.99.
There is no QE3
There is NO Draghi shock & awe
World economy is hitting the lowest point since 2009
Spain & Italy still under severe stress
Greece willing to say yes to any condition for "staying alive"
BUT S&P 500 keeps chugging along ?
Many simplistic analytical tool is telling you to hide in cash, as there is "no sign of hope from "Draghi to Bernanke"
Simple never makes it in real world ever......
Those who made it to the top were "not looking for ideal condition"
"Those who fight adversity, succeed in the end"
But on Wall & Broad, trader make it big when dealing with "negativity & hopelessness"
That is known as "contrary indicator"........
Wall Street generally projects six months out, which in today's term is "February 2013"
IF you can project that far, then you can "see the light @ the end of this economic tunnel"
We may be looking @ above 3% GDP growth in US, Canada.....
Our favourite economist Roubini & Rosenberg were calling for "recession" in US which spooked many investors. Facts never backed this theory.
Many CNBC "know it all are predicting hard landing in China" which further erodes investors confidence.
SO Wall Street, true to its reputation of being "smarter than all pundits put together", is marching to its own drum. It is sitting only 32 points away from making a "new 52 wk high"....
I have a strong conviction, that we are looking @ best August in a long time, where series of new 52 wk highs could be in the cards.
Can we go near 1500 in S&P 500, please do not bet against it.
BLOG does NOT give buy or sell.
Saleem
There is no QE3
There is NO Draghi shock & awe
World economy is hitting the lowest point since 2009
Spain & Italy still under severe stress
Greece willing to say yes to any condition for "staying alive"
BUT S&P 500 keeps chugging along ?
Many simplistic analytical tool is telling you to hide in cash, as there is "no sign of hope from "Draghi to Bernanke"
Simple never makes it in real world ever......
Those who made it to the top were "not looking for ideal condition"
"Those who fight adversity, succeed in the end"
But on Wall & Broad, trader make it big when dealing with "negativity & hopelessness"
That is known as "contrary indicator"........
Wall Street generally projects six months out, which in today's term is "February 2013"
IF you can project that far, then you can "see the light @ the end of this economic tunnel"
We may be looking @ above 3% GDP growth in US, Canada.....
Our favourite economist Roubini & Rosenberg were calling for "recession" in US which spooked many investors. Facts never backed this theory.
Many CNBC "know it all are predicting hard landing in China" which further erodes investors confidence.
SO Wall Street, true to its reputation of being "smarter than all pundits put together", is marching to its own drum. It is sitting only 32 points away from making a "new 52 wk high"....
I have a strong conviction, that we are looking @ best August in a long time, where series of new 52 wk highs could be in the cards.
Can we go near 1500 in S&P 500, please do not bet against it.
BLOG does NOT give buy or sell.
Saleem
Friday, August 3, 2012
Indices closed UP 1.69% to 2.00%......NICE !!!!!
Indices were already UP in pre-market along with European Stock Exchanges, then came added fuel to bullish fire of 63% more job creation in USA.
S&P 500 closed @ 1390.99
RSI @ 60.67
Internals were :
UP volume led by 8.10 to 1 in NYSE & 4.95 to 1 in Nasdaq
Advancing stocks led by 4.81 to 1 in NYSE & 3.30 to 1 in Nasdaq
New 52 wk highs were leading, 194 in NYSE & 66 in Nasdaq
VIX tumbled 10.98% @ 15.64.......long time since digit 15 @ close.
Oil closed @ $91.40
Gold closed @ $1609.30
Canadian $ went above US$ to as high as 100.20.
In my portfolio :
Added 25% more AUY @ $14.70
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
Here is my portfolio weighting as of close :
NTES 25.04%
LVS 16.16%
TCK 15.06%
AUY 14.52%
JCP 12.37%
LEN 10.12%
BIDU 6.73%
Exposure 147%
Stocks which were UP 2% or more included BIDU,LVS,NTES,JCP,
PCLN,KORS,TIF,
LULU,M,CLF,
FCX,GOOG,LNKD,FB,CMG,
SU,LRCX,MU,JDSU,CIEN,FNSR,C.......
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1390.99
RSI @ 60.67
Internals were :
UP volume led by 8.10 to 1 in NYSE & 4.95 to 1 in Nasdaq
Advancing stocks led by 4.81 to 1 in NYSE & 3.30 to 1 in Nasdaq
New 52 wk highs were leading, 194 in NYSE & 66 in Nasdaq
VIX tumbled 10.98% @ 15.64.......long time since digit 15 @ close.
Oil closed @ $91.40
Gold closed @ $1609.30
Canadian $ went above US$ to as high as 100.20.
In my portfolio :
Added 25% more AUY @ $14.70
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
Here is my portfolio weighting as of close :
NTES 25.04%
LVS 16.16%
TCK 15.06%
AUY 14.52%
JCP 12.37%
LEN 10.12%
BIDU 6.73%
Exposure 147%
Stocks which were UP 2% or more included BIDU,LVS,NTES,JCP,
PCLN,KORS,TIF,
LULU,M,CLF,
FCX,GOOG,LNKD,FB,CMG,
SU,LRCX,MU,JDSU,CIEN,FNSR,C.......
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
Thursday, August 2, 2012
Indices closed down .36% to .74%.....
ECB threw cold water with its conference call, that nothing is ready to be implemented.
S&P 500 closed @ 1365.00
RSI @ 52.81
Internals were :
Down volume led by 3.59 to 1 in NYSE & 1.94 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & 1.37 to 1 in Nasdaq
New 52 wk highs led by 26 in NYSE & new 52 wk lows led by 55 in Nasdaq
VIX closed Down7.33% @ 17.57
Oil closed@ $87.13
Gold closed @ $1590.70
In my portfolio :
Bought back 40% BIDU @ $121.71
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
Exposure 143%
AH ER :
ONNN Down 6.43%
LNKD UP 7.31%
OPEN UP 14.20%
AH FuturesMixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, @ close.... reaction to ECB was pretty timid, this is telling me that TAPE remains healthy & it wants to go higher. Weak Jobs report reaction may be similar to today or positive by close. It is OK to remain optimistic as markets are handling disappointments in stride, this is a mark of a relatively strong market..
BLOG does NOT give buy or sell.
Saleem
S&P 500 closed @ 1365.00
RSI @ 52.81
Internals were :
Down volume led by 3.59 to 1 in NYSE & 1.94 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & 1.37 to 1 in Nasdaq
New 52 wk highs led by 26 in NYSE & new 52 wk lows led by 55 in Nasdaq
VIX closed Down7.33% @ 17.57
Oil closed@ $87.13
Gold closed @ $1590.70
In my portfolio :
Bought back 40% BIDU @ $121.71
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
Exposure 143%
AH ER :
ONNN Down 6.43%
LNKD UP 7.31%
OPEN UP 14.20%
AH FuturesMixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, @ close.... reaction to ECB was pretty timid, this is telling me that TAPE remains healthy & it wants to go higher. Weak Jobs report reaction may be similar to today or positive by close. It is OK to remain optimistic as markets are handling disappointments in stride, this is a mark of a relatively strong market..
BLOG does NOT give buy or sell.
Saleem
Indices down .85% to 1.35% on ECB inaction....
ECB lack of concrete steps is taking a toll on world markets, Spain & Italy exchange is down about 5%.
Indices are down .85% to 1.35%.
S&P 500 @ 1356.92
Internals are negative form 1.5 to 1 to 3 to 1 range
Oil Down $1.61
Gold Down $17.00
Canadian $ Down 21 tick @ 99.27
VIX Down .63% @ 18.84...extremely surprised @ weakness.
In my portfolio :
Sold BIDU
Portfolio is LVS,LEN,NTES,JCP,TCK,AUY
Most stock are down
@ 2.11 following are green :
LEN,AUY,GG,LULU,M,CMG,V,
GMCR,BWLD,ARNA,YUM,EGO,
SLW,AEM.....
BLOG does NOT give buy or sell.
Saleem
Indices are down .85% to 1.35%.
S&P 500 @ 1356.92
Internals are negative form 1.5 to 1 to 3 to 1 range
Oil Down $1.61
Gold Down $17.00
Canadian $ Down 21 tick @ 99.27
VIX Down .63% @ 18.84...extremely surprised @ weakness.
In my portfolio :
Sold BIDU
Portfolio is LVS,LEN,NTES,JCP,TCK,AUY
Most stock are down
@ 2.11 following are green :
LEN,AUY,GG,LULU,M,CMG,V,
GMCR,BWLD,ARNA,YUM,EGO,
SLW,AEM.....
BLOG does NOT give buy or sell.
Saleem
Subscribe to:
Posts (Atom)