There was a lag after President Obama's push during his State of the Union speach concerning nuclear energy, but the sector finally showed some life on Friday; in particular, Usec and Shaw Group.
This can have bullish long term implications. Traders or investors are initially going after the low hanging fruit, but as Mr. Dines, the original uranium bug, asks, "but where are they going to get all that uranium from?"
Sunday, January 31, 2010
The S&P500 is on a sell signal
The SP500 broke its uptrend but has done it before when breaking the heavy downtrendlines drawn below. There is key support at bottom of its selloff last week. The first resistance level is 1100, then 1150, and finally 1250. So the SP500 is on a sell signal, but it is too soon to say that we are in bearish territory. The yearly trend has been up so don't fight the trend, but of course we can pause and step back.
Jan 29 - Fri - Stats
Didn't publish on Thursday but kept notes. Not sure if my readers enjoy the statistics but clear ideas of where markets are going with stats and figures to back up my market calls.
Markets were down again today and unlike the past nine months, we are experiencing sell offs after market strength.
NYSE had increasing advancers and declining decliners which also corresponded with the large pickup of volume. But, the top 100 issues had broadbased pickup of volume and on the downside. What I have been noticing is that market reversals tend to have higher volume days. Citigroup was up today and may have officially bottomed.
NASDAQ had 3 billion shares traded today, the highest since I have been keeping tabs. The declining volume really picked up. The volume in the top 100 was large. New highs picked up a bit from 31 to 38.
Diary-There is panic and everyone expects a 50% plunge. But the panic happened at higher levels without gaps and there were still buyers out there. Also, I finally think what we are seeing is the end of the short squeeze and now the value of equities, bonds, and the future economy will be based on expected future returns as opposed to market technicalities.
Markets were down again today and unlike the past nine months, we are experiencing sell offs after market strength.
NYSE had increasing advancers and declining decliners which also corresponded with the large pickup of volume. But, the top 100 issues had broadbased pickup of volume and on the downside. What I have been noticing is that market reversals tend to have higher volume days. Citigroup was up today and may have officially bottomed.
NASDAQ had 3 billion shares traded today, the highest since I have been keeping tabs. The declining volume really picked up. The volume in the top 100 was large. New highs picked up a bit from 31 to 38.
Diary-There is panic and everyone expects a 50% plunge. But the panic happened at higher levels without gaps and there were still buyers out there. Also, I finally think what we are seeing is the end of the short squeeze and now the value of equities, bonds, and the future economy will be based on expected future returns as opposed to market technicalities.
Friday, January 29, 2010
Out
of market. Don't like the action. But things may change and righten themselves. Whatever you do, don't trade today. Of course, who's to stop you so place tight stops.
The US GDP numbers are coming out and Greece may have some rude awakenings this weekend.
The US GDP numbers are coming out and Greece may have some rude awakenings this weekend.
Wednesday, January 27, 2010
Jan 28 - Wed - Stats
DJIA +10236.16 DJT +4034.39 DJU -385.45
Market Internals
NYSE-Advancing issues are making lower highs: 2382,1768, and now 1527. Declining issues were at 1553. Highs are fast diminishing at 49. New lows increased to 14. Volume picked up which is a good sign on this reversal day to 1,292,603,174. Increasing volume picked up to 726,224,334 which was the highest since last Tuesday. But down volume was higher than the last up day on Monday at 552,175,540. Top 100 actively traded stocks-#1, Citigroup, 558,180,694. #5, JP Morgan, 66,315,095. #10, Cemex, 49,148,231. #50, Banco Bradesco, 16,081,499. #100, Baker Hughes with two up days in a row at 9,655,181. What's going on? Notes-President Obama gave a State of Union after the market closed so traders and investors may have paused until afterwards to start making commitments.
NASDAQ
Market Internals
NYSE-Advancing issues are making lower highs: 2382,1768, and now 1527. Declining issues were at 1553. Highs are fast diminishing at 49. New lows increased to 14. Volume picked up which is a good sign on this reversal day to 1,292,603,174. Increasing volume picked up to 726,224,334 which was the highest since last Tuesday. But down volume was higher than the last up day on Monday at 552,175,540. Top 100 actively traded stocks-#1, Citigroup, 558,180,694. #5, JP Morgan, 66,315,095. #10, Cemex, 49,148,231. #50, Banco Bradesco, 16,081,499. #100, Baker Hughes with two up days in a row at 9,655,181. What's going on? Notes-President Obama gave a State of Union after the market closed so traders and investors may have paused until afterwards to start making commitments.
NASDAQ
Tuesday, January 26, 2010
Jan 27 - Wed- Betting List
ALL BETS HELD UNTIL FURTHER POSTING.
1) SIRIUS, SIRI, 0.71
2) ALLLIED CAPITAL, ALD, 4.37
3) DEARBORN BANCORP, DEAR, 1.90
1) SIRIUS, SIRI, 0.71
2) ALLLIED CAPITAL, ALD, 4.37
3) DEARBORN BANCORP, DEAR, 1.90
Jan 26 - Tues - Stats
DJIA (10194.29) DJT (4014.55) DJU +387.60
Market Internals-
NYSE-1106 stocks moved up and 1965 stocks moved down. 75 mad new highs and 9 made new lows. It gets worse: higher activity at 1,1,24,449,935. Up volume was 45% less than yesterday at 343,750,600. Down volume was significantly higher as well at 768,801,005. Top 100 shares traded-#1, Citigroup at 457,667,768. #2, Regions Financial, 67,535,373. #10, Weatherford, 43,801,027. #50, Baker Hughes, 14,177,570. #100, Duke Energy, a utility that had heavy selling the previous week, 8,480,589 and up today. Notes-Financials are weak and steel makers weaker. But not private equity, Allied Capital was up. Money flowing out of financials? and into its investors?
NASDAQ-862 shares managed to be up today with 1771 declining shares. 35 made new highs and 21 made new lows. Activity picked up to 2,361,260,823. Volume was healthier for bid up shares at 1,024,237,027, but that may have been early activity as the 1,282,955,493 shares came in and swamped the buyers. Top 100 shares traded-#2, Microsoft, 66,640,894. #5, Cisco, 55,314,942. When it was going up, it was in the 45m range. #10, Etrade, 40,622,891. #50, instead of JBLU, we get UAUA today at 9,175,652. #100, a Southeastern bank, Whitney Holdings, at 4,090,302. Notes- Midwestern banks sold off today, at least the active ones, but DEAR, a Detroit based bank was up. It fits the thesis that the Midwest has bottomed and a new economic upcycle is in play there. SIRIUS was up as well.
Diary-Except for some gambling stocks, the market is in the DONT BUY category.
Market Internals-
NYSE-1106 stocks moved up and 1965 stocks moved down. 75 mad new highs and 9 made new lows. It gets worse: higher activity at 1,1,24,449,935. Up volume was 45% less than yesterday at 343,750,600. Down volume was significantly higher as well at 768,801,005. Top 100 shares traded-#1, Citigroup at 457,667,768. #2, Regions Financial, 67,535,373. #10, Weatherford, 43,801,027. #50, Baker Hughes, 14,177,570. #100, Duke Energy, a utility that had heavy selling the previous week, 8,480,589 and up today. Notes-Financials are weak and steel makers weaker. But not private equity, Allied Capital was up. Money flowing out of financials? and into its investors?
NASDAQ-862 shares managed to be up today with 1771 declining shares. 35 made new highs and 21 made new lows. Activity picked up to 2,361,260,823. Volume was healthier for bid up shares at 1,024,237,027, but that may have been early activity as the 1,282,955,493 shares came in and swamped the buyers. Top 100 shares traded-#2, Microsoft, 66,640,894. #5, Cisco, 55,314,942. When it was going up, it was in the 45m range. #10, Etrade, 40,622,891. #50, instead of JBLU, we get UAUA today at 9,175,652. #100, a Southeastern bank, Whitney Holdings, at 4,090,302. Notes- Midwestern banks sold off today, at least the active ones, but DEAR, a Detroit based bank was up. It fits the thesis that the Midwest has bottomed and a new economic upcycle is in play there. SIRIUS was up as well.
Diary-Except for some gambling stocks, the market is in the DONT BUY category.
Monday, January 25, 2010
Jan 25 - Monday - Stats
DJIA 10,196.86 DJT 4025.38 DJU 386.14
Market Internal:
NYSE-1768 advancers and 1299 decliners. The highs didn't pick up steam with 77 and new lows held steady at 6. 1,051,436,808 shares traded hands. 615,818,100 were marked up and 423,810,758 were marked down. Top 100 actively traded shares-#1, Citigroup at 497,132,591. #5, JP Morgan, 56,573,901. #10, Sprint at 37,139,477. #50, Genworth Financial, 13,125,702. #100, CVS Pharmacy at 7,404,019. Notes-Market was light. Not much to work with. Sprint may finally be setting up for a move north.
NASDAQ-1296 advancers and an abyssmal 1343 decliners. The same with 34 highs and 11 lows. I am confused because the internal stats for the previous day were good. 2,134,358,319 traded hands. 1,330,552,105 on the upside and 786,909,756 on the downside. Top 100 shares traded-#1, Intel, 173,764,600. #5, Applied Material, 39,766,200. #10, Dell?, that big cap hasn't show up for awhile with 26,820,334. #50, Jet Blue, 8,320,638. #100, AEZS, not sure what they do, 4,051,486. Notes-Biotechs where are they? Not sure today.
Diary-I stood frozen by the computer wanting to liquidate my positions on a hunch. But I spent too much time building a portfolio. At the end of the day, I am pleased. The same goes with reading the market and not predicting. The future is a gamble so we are playing odds and ones that are vastly in our favor.
Market Internal:
NYSE-1768 advancers and 1299 decliners. The highs didn't pick up steam with 77 and new lows held steady at 6. 1,051,436,808 shares traded hands. 615,818,100 were marked up and 423,810,758 were marked down. Top 100 actively traded shares-#1, Citigroup at 497,132,591. #5, JP Morgan, 56,573,901. #10, Sprint at 37,139,477. #50, Genworth Financial, 13,125,702. #100, CVS Pharmacy at 7,404,019. Notes-Market was light. Not much to work with. Sprint may finally be setting up for a move north.
NASDAQ-1296 advancers and an abyssmal 1343 decliners. The same with 34 highs and 11 lows. I am confused because the internal stats for the previous day were good. 2,134,358,319 traded hands. 1,330,552,105 on the upside and 786,909,756 on the downside. Top 100 shares traded-#1, Intel, 173,764,600. #5, Applied Material, 39,766,200. #10, Dell?, that big cap hasn't show up for awhile with 26,820,334. #50, Jet Blue, 8,320,638. #100, AEZS, not sure what they do, 4,051,486. Notes-Biotechs where are they? Not sure today.
Diary-I stood frozen by the computer wanting to liquidate my positions on a hunch. But I spent too much time building a portfolio. At the end of the day, I am pleased. The same goes with reading the market and not predicting. The future is a gamble so we are playing odds and ones that are vastly in our favor.
Sunday, January 24, 2010
IBI update
IBI's affiliate Grey Crown resources in which it has its gold holding will be going public through a merger-like acquisition with a Sereno Capital. They are executing on what they say, but it takes time. Hopefully, they will get their website operating so there will be more visibility.
Saturday, January 23, 2010
Jan 22 - Fri - Stats
The market was down heavy for the third day in a row. Like 2008 and the beginning of 2009 there was no uptick in sight, because of fear, but this time of the political kind.
DJIA -10172.98 DJT -4005.08 DJU-383.99
MARKET INTERNALS
NYSE-The advancers became increasingly paltry this week and ended with 559. 2530 declined and only 80 made new highs with a slight increase of new lows at 6. Activity did pick up today at 1,489,617,782 (keep in mind, last Friday had less volume at 1,407 million shares traded). Uptick volume was 161,475,230 and downtick volume was 1,299,730,682. Top 100 shares traded-#1, Citigroup, 654,003,227. #5, JP Morgan Chase at 106,625,183. #10, Sprint, 55,696,937. #50, Alcatel Lucent, 17,848,958. #100, Coca Cola, 11,775,504. Notes-The volume for the top 5 were very high, but compared to yesterday the other top 100 volume were lower. So possible discrepancy in volume may show demand next week in the majority of issues.
NASDAQ-The advancers increased from yesterday to 704 and the decliners decreased to 1954. But highs plunged more than 40% to 42 with an increase in lows to 15. Total activity was about the same as yesterday, 2,817,623,439. What is concerning is the up volume as advancing issues increased, the volume decreased to 445,032,043. Does that mean only smart money took a shot here? Down tick volume picked up to 2,355,273,980. Top 100 shares traded - #1, Intel, 116,277,434. #5, Applied Material, 48,104,411. #10, Apple, 31,427,972. #50, Broadcom, 11,167,267. #100, Brigham Exploration, 5,179,335. Notes-Like the NYSE the top 5 were heavily traded as the rest traded slighly less than yesterday.
Diary-Midwestern banks were up or relatively strong. Again, my intuition says that whatever the Democrats will do, they will be funneling money to the industrial heartland. Stocks are on sale; especially on the Nasdaq. Even if this is the next leg down don't short the market, it happens too quickly. Be a shareholder, even if it is for one day. For instance, AMD, it has had appreciation this year of over 400%, but can only go down 100% if it does go bust but will it? It has debt, but also a billion dollar payout from Intel. Intel doesn't want it to go broke or it will face additional anti-trust legislation. As I tell my friends, remember Apple was bailed out by Microsoft in the last bear market.
DJIA -10172.98 DJT -4005.08 DJU-383.99
MARKET INTERNALS
NYSE-The advancers became increasingly paltry this week and ended with 559. 2530 declined and only 80 made new highs with a slight increase of new lows at 6. Activity did pick up today at 1,489,617,782 (keep in mind, last Friday had less volume at 1,407 million shares traded). Uptick volume was 161,475,230 and downtick volume was 1,299,730,682. Top 100 shares traded-#1, Citigroup, 654,003,227. #5, JP Morgan Chase at 106,625,183. #10, Sprint, 55,696,937. #50, Alcatel Lucent, 17,848,958. #100, Coca Cola, 11,775,504. Notes-The volume for the top 5 were very high, but compared to yesterday the other top 100 volume were lower. So possible discrepancy in volume may show demand next week in the majority of issues.
NASDAQ-The advancers increased from yesterday to 704 and the decliners decreased to 1954. But highs plunged more than 40% to 42 with an increase in lows to 15. Total activity was about the same as yesterday, 2,817,623,439. What is concerning is the up volume as advancing issues increased, the volume decreased to 445,032,043. Does that mean only smart money took a shot here? Down tick volume picked up to 2,355,273,980. Top 100 shares traded - #1, Intel, 116,277,434. #5, Applied Material, 48,104,411. #10, Apple, 31,427,972. #50, Broadcom, 11,167,267. #100, Brigham Exploration, 5,179,335. Notes-Like the NYSE the top 5 were heavily traded as the rest traded slighly less than yesterday.
Diary-Midwestern banks were up or relatively strong. Again, my intuition says that whatever the Democrats will do, they will be funneling money to the industrial heartland. Stocks are on sale; especially on the Nasdaq. Even if this is the next leg down don't short the market, it happens too quickly. Be a shareholder, even if it is for one day. For instance, AMD, it has had appreciation this year of over 400%, but can only go down 100% if it does go bust but will it? It has debt, but also a billion dollar payout from Intel. Intel doesn't want it to go broke or it will face additional anti-trust legislation. As I tell my friends, remember Apple was bailed out by Microsoft in the last bear market.
Thursday, January 21, 2010
Jan 21 - Thurs - Stats
The markets declined for the second day today. The DJIA 10389.88 DJT 4093.82 DJU 393.81. The dollar stayed strong, but didn't surge today. The Yen was the champ while gold turned to lead.
Market Internals-
NYSE-As the week progresses, less stocks are advancing. Only 641 were up today while 2428 were clearly down. But the 52 wk highs pickrd up with 174 of them and only 4 lows. Activity was high at 1,501,017,996. A meager 195,091,226 shares pushed advancers up while 1,292,313,470 shares were pushed down today. The down volume is higher than the total activity for the past two weeks in the down. Either this signifies the end or the beginning of more to come. 100 most active shares-#1, Citigroup with a huge turnover of 959,980,395. President Obama's words were heard loud and clear in the issue. #2, General Electric, 99,095,935. #10, Sprint, 67,994,996. #50, Weatherford, 19,623,412 and up on the day. #100,Duke, 11,874,592, a utility. Aren't utilities suppossed not to be actively traded? Notes- SNV KEY DAL LUV BAC were up today so people saw some safe places to park cash. Heavy volume but it doesn't appear to be panic but changing of portfolios. Citigroup on the other hand will be interesting to watch.
NASDAQ-The decline on this exchange stayed steady from yesterday, but did not get any worse and in some cases improved. 660 shares declined and 1978 declined (only 30 more shares than yesterday). There was an increase of new highs to 94 with only 10 lows. Activity was large at 2,877,807,556. But that was not all to the downside. Volume for advancing shares actually increased by 300,000,000 shares to 910,592,132. Decling volume was 1,934,714,955. The top 100 shares traded-#1, Intel, 13,508,621. #5, Huntington Bancshares and up for the day, 63,920,115. #10, Sirius, 37,339,386. Please note Sirius was in the top10 3 days in a row with price neutral, up on heavy volume, and down on light volume for it. #50, Vodaphone, 11,614,525. #100, 5,115,371. Notes-CPWR is a buy or at least looks to go higher.
Diary-The markets are weak and dollar up. But why can't the market be up along with the dollar? Especially companies that make their money in dollars not in foreign exchange. Airlines, banks, and the Nasdaq were very strong today showing great relative strength.
NASDAQ-
Market Internals-
NYSE-As the week progresses, less stocks are advancing. Only 641 were up today while 2428 were clearly down. But the 52 wk highs pickrd up with 174 of them and only 4 lows. Activity was high at 1,501,017,996. A meager 195,091,226 shares pushed advancers up while 1,292,313,470 shares were pushed down today. The down volume is higher than the total activity for the past two weeks in the down. Either this signifies the end or the beginning of more to come. 100 most active shares-#1, Citigroup with a huge turnover of 959,980,395. President Obama's words were heard loud and clear in the issue. #2, General Electric, 99,095,935. #10, Sprint, 67,994,996. #50, Weatherford, 19,623,412 and up on the day. #100,Duke, 11,874,592, a utility. Aren't utilities suppossed not to be actively traded? Notes- SNV KEY DAL LUV BAC were up today so people saw some safe places to park cash. Heavy volume but it doesn't appear to be panic but changing of portfolios. Citigroup on the other hand will be interesting to watch.
NASDAQ-The decline on this exchange stayed steady from yesterday, but did not get any worse and in some cases improved. 660 shares declined and 1978 declined (only 30 more shares than yesterday). There was an increase of new highs to 94 with only 10 lows. Activity was large at 2,877,807,556. But that was not all to the downside. Volume for advancing shares actually increased by 300,000,000 shares to 910,592,132. Decling volume was 1,934,714,955. The top 100 shares traded-#1, Intel, 13,508,621. #5, Huntington Bancshares and up for the day, 63,920,115. #10, Sirius, 37,339,386. Please note Sirius was in the top10 3 days in a row with price neutral, up on heavy volume, and down on light volume for it. #50, Vodaphone, 11,614,525. #100, 5,115,371. Notes-CPWR is a buy or at least looks to go higher.
Diary-The markets are weak and dollar up. But why can't the market be up along with the dollar? Especially companies that make their money in dollars not in foreign exchange. Airlines, banks, and the Nasdaq were very strong today showing great relative strength.
NASDAQ-
Wednesday, January 20, 2010
Jan 20-Wed-Stats
Markets-DJIA -10603.15 DJT -4148.53 DJU -399.56
Market Internals-
NYSE-Last week's selloff is still in play. After yesterday's rally, we had another selloff. 811 issues advanced with 2,257 selling off. From 316 highs on Tues, we managed only 156 new highs. But only 2 shares managed to make 52 wk lows. Activity picked up by 20m shares to 1,055,872,099. 233,721,300 shares advanced with 813,147,320. Top 100 shares traded-#1, Citigroup, at 478,497,184. #5, Wells Fargo, 75,704,680. #10, Alcoa, again, with shares increasing by 1m on a down day, to 35,655,347. #50, Coach, the handbag retailer, 15,018,842. #100, SuperValu, 8,691,459. Notes- After posting bad earnings report, Krogers and the rest of the grocery store sector are rallying nicely. Financials stayed strong as well. Healthcare stocks sold off more along the lines of profit taking.
NASDAQ-723 advanced on 1948 declines. 76 managed to make new highs while lows doubled from yesterday to 8. There was heavier activity in the Nasdaq as volume increased over 10% 2,351,892,514 changed hands. 608,803,240 on the upside and 1,721,295,454 on the downside. Tope 100 shares traded - #1, not Intel and not Microsoft, but Sirius which had a flat day yesterday. Today was up big with 145,571,986. #5, Micron, 42,198,335. #10, Schwab, 28,242,712. #50, Broadcom 9,519,730. #100, PMC Sierra, 4,729,786. Notes-ACAS and other speculative financials stayed strong.
Diary-I believe I need my head to be clear. The dollar rallied and the market has been up a lot. So think taking money off the table to gradually reload on positions may be prudent. Energy sold off but not the natural gas producers which may be related to Williams Co. Groceries stayed strong today.
Market Internals-
NYSE-Last week's selloff is still in play. After yesterday's rally, we had another selloff. 811 issues advanced with 2,257 selling off. From 316 highs on Tues, we managed only 156 new highs. But only 2 shares managed to make 52 wk lows. Activity picked up by 20m shares to 1,055,872,099. 233,721,300 shares advanced with 813,147,320. Top 100 shares traded-#1, Citigroup, at 478,497,184. #5, Wells Fargo, 75,704,680. #10, Alcoa, again, with shares increasing by 1m on a down day, to 35,655,347. #50, Coach, the handbag retailer, 15,018,842. #100, SuperValu, 8,691,459. Notes- After posting bad earnings report, Krogers and the rest of the grocery store sector are rallying nicely. Financials stayed strong as well. Healthcare stocks sold off more along the lines of profit taking.
NASDAQ-723 advanced on 1948 declines. 76 managed to make new highs while lows doubled from yesterday to 8. There was heavier activity in the Nasdaq as volume increased over 10% 2,351,892,514 changed hands. 608,803,240 on the upside and 1,721,295,454 on the downside. Tope 100 shares traded - #1, not Intel and not Microsoft, but Sirius which had a flat day yesterday. Today was up big with 145,571,986. #5, Micron, 42,198,335. #10, Schwab, 28,242,712. #50, Broadcom 9,519,730. #100, PMC Sierra, 4,729,786. Notes-ACAS and other speculative financials stayed strong.
Diary-I believe I need my head to be clear. The dollar rallied and the market has been up a lot. So think taking money off the table to gradually reload on positions may be prudent. Energy sold off but not the natural gas producers which may be related to Williams Co. Groceries stayed strong today.
Tuesday, January 19, 2010
Jan 19-Tues-Market Stats
Markets-Global Dow (2025.83) SP500 1150.23 DJIA 10725.43 DJT 4201.70 DJU 403.88
Interest Rates- 2yr 0.88% 10yr-3.7%
Key Prices-EUR/USD 1.4302 USD/JPY 91.13 Gold 1140 Oil 79.02
On Balance Volume-DJIA CLX U d D u DJT CLX U d D u DJU CLX U d D u
0 2 - 1 - 2 - 0 0 2 - 0 - 2 - 0 +2 3 - 0 - 0 - 1
DJ Global 50 CLX U d D u DJ Composite CLX U d D u
+2 4 - 2 - 0 - 0 +2 7 - 1 - 4 -1
Market Internals:
NYSE-2382 shares advanced back after the onslaught on Friday. 700 still were down on the day. 316 made new highs on 6 lows for the day. 1,030,561,710 shares changed hand. 864,507,310 on the upside and 151,647,760 on the downside. No one could buy anything on a discount today. Top 100 most actively traded-#1, Citigroup at 807,259,955. Maybe it has turned a corner. #5, Ford at 65,881,237. #10, Alcoa at 34,423,538. #50, Bank of America Senior Notes, 13,950,839. Top and bottom of this were IBM and Tyco. #100, US Airways. Notes-Everything did well. Volume was not as heavy as it was on Friday and we had a vacation on Monday. Lets see if there is any follow through. I think Citigroup is worth taking a shot at. Healthcare companies had +1.00 moves, and are overbought. Should we chase thise sector? Or are there better investments?
NASDAQ- 1879 advanced on 785 decliners. 149 made new highs and 4 made new lows. Total activity was respectable at 2,045,298,701. 1,570,282,038 shares were marked up while only 448,082,170 were on sale. Top 100 most actively traded- #1, Intel, 84,494,126. Semiconductors cam back to life today. #5, CSCO, 37,542,964. For some reason it likes the fifth spot. 37m then would signify true demand for CSCO shares. #10, Sirius, 19,975,970, the price stayed the same. This issue sorely needs a catalyst to move. #50, Electronic Arts, 7,651,865. Would love to buy but don't know how to value it. #100, Altera, 4,577,553. Notes-Semis came back to life.
Diary-The big caps surged today catching traders off guard. We need to see follow through, if not, then this was a sucker's rally. I am pleased the market stayed up and didn't have intra-day swings. Again, US Steel was up and not Alcoa. Airlines were up but sold off into the close. Don't know what that means but AYR looks good and on 50 day moving average.
Interest Rates- 2yr 0.88% 10yr-3.7%
Key Prices-EUR/USD 1.4302 USD/JPY 91.13 Gold 1140 Oil 79.02
On Balance Volume-DJIA CLX U d D u DJT CLX U d D u DJU CLX U d D u
0 2 - 1 - 2 - 0 0 2 - 0 - 2 - 0 +2 3 - 0 - 0 - 1
DJ Global 50 CLX U d D u DJ Composite CLX U d D u
+2 4 - 2 - 0 - 0 +2 7 - 1 - 4 -1
Market Internals:
NYSE-2382 shares advanced back after the onslaught on Friday. 700 still were down on the day. 316 made new highs on 6 lows for the day. 1,030,561,710 shares changed hand. 864,507,310 on the upside and 151,647,760 on the downside. No one could buy anything on a discount today. Top 100 most actively traded-#1, Citigroup at 807,259,955. Maybe it has turned a corner. #5, Ford at 65,881,237. #10, Alcoa at 34,423,538. #50, Bank of America Senior Notes, 13,950,839. Top and bottom of this were IBM and Tyco. #100, US Airways. Notes-Everything did well. Volume was not as heavy as it was on Friday and we had a vacation on Monday. Lets see if there is any follow through. I think Citigroup is worth taking a shot at. Healthcare companies had +1.00 moves, and are overbought. Should we chase thise sector? Or are there better investments?
NASDAQ- 1879 advanced on 785 decliners. 149 made new highs and 4 made new lows. Total activity was respectable at 2,045,298,701. 1,570,282,038 shares were marked up while only 448,082,170 were on sale. Top 100 most actively traded- #1, Intel, 84,494,126. Semiconductors cam back to life today. #5, CSCO, 37,542,964. For some reason it likes the fifth spot. 37m then would signify true demand for CSCO shares. #10, Sirius, 19,975,970, the price stayed the same. This issue sorely needs a catalyst to move. #50, Electronic Arts, 7,651,865. Would love to buy but don't know how to value it. #100, Altera, 4,577,553. Notes-Semis came back to life.
Diary-The big caps surged today catching traders off guard. We need to see follow through, if not, then this was a sucker's rally. I am pleased the market stayed up and didn't have intra-day swings. Again, US Steel was up and not Alcoa. Airlines were up but sold off into the close. Don't know what that means but AYR looks good and on 50 day moving average.
Sunday, January 17, 2010
Ugandan Update
Heritage Oil has agreed to be bought out by Tullow Oil Plc for $1.5 billion. Heritage's main operation is in Uganda, a rather quiet place outside the realm of most foreign investors. Tullow won the bid after outbidding Eni SpA so there were some heavy hitters trying to establish roots down here.
Rio Tinto has been sniffing around in the other commodities Uganda has to offer as they bought one item from IBI in the Vermiculite sector.
The ultimate penny stock is located there with a lot to offer if they are indeed legitimate, IBI (http://www.ibinvest.com/); currently trading at a penny.
They have, according to the company, the cream of the land in regards to gold and uranium and a wildly speculative upshot with rare earth elements.
Time will tell but I am aiming for the type of percentage gains that made Guma Aguiar a billionaire. The problem is: how much of one's net worth can you put into a company like this. I believe setting aside a little at a time so you can forget about ever owning it. Unless of course, you start participating in the company's activities by active research which reduces the risk and maximizes the comfort zone, which is important for a big position.
Rio Tinto has been sniffing around in the other commodities Uganda has to offer as they bought one item from IBI in the Vermiculite sector.
The ultimate penny stock is located there with a lot to offer if they are indeed legitimate, IBI (http://www.ibinvest.com/); currently trading at a penny.
They have, according to the company, the cream of the land in regards to gold and uranium and a wildly speculative upshot with rare earth elements.
Time will tell but I am aiming for the type of percentage gains that made Guma Aguiar a billionaire. The problem is: how much of one's net worth can you put into a company like this. I believe setting aside a little at a time so you can forget about ever owning it. Unless of course, you start participating in the company's activities by active research which reduces the risk and maximizes the comfort zone, which is important for a big position.
Saturday, January 16, 2010
Fri Jan 15 Stats
Markets Down: Global Dow 2019.33 SP500 1136.03 DJIA 10609.65 DJT 4180.79 DJU 398.07
Interest Rates Down: 2yr-0.87% 10yr-3.676%
Key monetary signals: Today strong dollar rally. EUR/USD 1.4387 USD/JPY 90.74 Gold 1130.70 Oil 77.95
Market Internals:
NYSE- 936 advance on 2134 declining issues though 195 shares managed to make new highs with 5 making new lows. Daily activity picked up at 1,407,892,789. Up volume was a measly 246,422,810 with down volume near a 5:1 advantage at 1,153,806,148. People needed a discount today in order to buy. Top 100 activity-Citigroup picked up volume at 539,785,917. #5, Pfizer with 76,623,352 and up on the day. #10, Verizon, along with telecos, having a vicious selloff, with 43,748,648 shares demanding a discount. #50, Petroleo Brasileiro, the Brazilian energy giant, up on a heavy oil selloff day at 14,126,281. #100, Kinross Gold at 8,594,952. Notes- Gold, steel, telecom and energy sold off. Airlines did as well, but they have much more appreciation potential since investors have less confidence in the sector. Next week will reveal what will transpire. Need time to study.
NASDAQ-677 advanced on options expiration as 1962 declined. 96 highs were recorded today as well as 5 lows. Volume was larger than the past week with 2,637,776,054 changing hands. 554,008,154 shares had markup while 2,044,742,551 were marked down. Top 100 most actively traded-Intel with a huge 198,003,744 led the charge. Obvious profit taking and shows the amount of long term devotion to the behemoth. #5, Etrade Financial at 63,470,347. This one missed the 2009 party. #10, Applied Materials at 36,022,004. #50, Electronic Arts at 9,530,385. #100, Windstream at 4,749,059 and another telecommunication company that suffered today.
Diary-I don't trade options expiration day but look for discounts today. Airlines are consolidating gains. Oil sell off could signify something more significant, so will natural gas suffer? Pharmaceuticals held strong, see BMY and PFE. ETFC may be a winner here.
Interest Rates Down: 2yr-0.87% 10yr-3.676%
Key monetary signals: Today strong dollar rally. EUR/USD 1.4387 USD/JPY 90.74 Gold 1130.70 Oil 77.95
Market Internals:
NYSE- 936 advance on 2134 declining issues though 195 shares managed to make new highs with 5 making new lows. Daily activity picked up at 1,407,892,789. Up volume was a measly 246,422,810 with down volume near a 5:1 advantage at 1,153,806,148. People needed a discount today in order to buy. Top 100 activity-Citigroup picked up volume at 539,785,917. #5, Pfizer with 76,623,352 and up on the day. #10, Verizon, along with telecos, having a vicious selloff, with 43,748,648 shares demanding a discount. #50, Petroleo Brasileiro, the Brazilian energy giant, up on a heavy oil selloff day at 14,126,281. #100, Kinross Gold at 8,594,952. Notes- Gold, steel, telecom and energy sold off. Airlines did as well, but they have much more appreciation potential since investors have less confidence in the sector. Next week will reveal what will transpire. Need time to study.
NASDAQ-677 advanced on options expiration as 1962 declined. 96 highs were recorded today as well as 5 lows. Volume was larger than the past week with 2,637,776,054 changing hands. 554,008,154 shares had markup while 2,044,742,551 were marked down. Top 100 most actively traded-Intel with a huge 198,003,744 led the charge. Obvious profit taking and shows the amount of long term devotion to the behemoth. #5, Etrade Financial at 63,470,347. This one missed the 2009 party. #10, Applied Materials at 36,022,004. #50, Electronic Arts at 9,530,385. #100, Windstream at 4,749,059 and another telecommunication company that suffered today.
Diary-I don't trade options expiration day but look for discounts today. Airlines are consolidating gains. Oil sell off could signify something more significant, so will natural gas suffer? Pharmaceuticals held strong, see BMY and PFE. ETFC may be a winner here.
Thursday, January 14, 2010
Thursday Jan 14 Stats
Markets: Global Dow 2040.25 SP500 1148.46 DJIA 10710.55 DJT 4230.91 DJU 399.56
Key Prices: EUR/USD 1.4423 USD/JPY 91.09 Gold 1140.4 Oil 78.88
Interest Rates: 2yr-0.923% 10yr-3.742%
Market Internals
NYSE: 1723 advanced as 1300 sold off today. Yesterdays rally didn't have a lot of enthusiasm going into today with volume at 888,370,586 on today's session. But 52wk highs increased again at 295 with only 1 low. Volume on higher prices was 486,215,110 with 390,067,376 on lower prices. Top 100 equities traded-#1, Citigroup with a very light 274,242,338 which means shares were broadly traded today. #5, General Electric at 57,373,204. Its shares surged at the beginning of the years so heavy volume is consolidating move. #10, JP Morgan at 37,947,141. #50, an Italian bank that goes by the name Itau Unibanco Holdings SA at 11,465,122. So 1,5,10,50 are all financials. #100 Forest Oil, on a surge, at 7,658,132. Notes-at #2 was Sprint with a big percentage move down, for some reason it cannot break $4. The hidden driver is their WiMax technology. Went down along with teleco sector, but that can change. Warrants watching. 3 airlines had heavy volume and were up. Eastman Kodak had a follow through day on heavy volume, bullish. MGM has had amazing moves up on heavy volume but today was down a trifle on less volume.
NASDAQ: The exchange had healthier internals than the NYSE today as 1539 advanced and 1082 declines with 143 making new highs and 2 making new lows. A steady 2,254,170,010 turnover occurred with 1,285,717,083 shares bid up and 943,086,432 bid down. Top 100 shares traded-Intel with a heavy (earnings announcement) share count at 151,178,218. #5, Cisco with 52,303,150 and a follow through day. Investors want this stock. #10, Applied Material at 26,922,711. #50, Citizens Republic Bancshares at 8,911,313. Can it go to a buck? #100, Amgen at 4,668,852. The pattern so far Up, had big down day, rallied back 45%, down today, then... Notes-MRNA , a big gainer yesterday, sold off. A speculative buy on dip comes into play. ACAS went from 3 to near 4 very quickly. If bought the expectation should be at least another buck or two by the end of the year.
DIARY-Options expiration tomorrow. So the key here is to look for some simple purchases out of the public's eye. Midwestern financials did well today. Microsoft has a lot of upside. People sold GOOG and bought BIDU, why not MSFT?
Key Prices: EUR/USD 1.4423 USD/JPY 91.09 Gold 1140.4 Oil 78.88
Interest Rates: 2yr-0.923% 10yr-3.742%
Market Internals
NYSE: 1723 advanced as 1300 sold off today. Yesterdays rally didn't have a lot of enthusiasm going into today with volume at 888,370,586 on today's session. But 52wk highs increased again at 295 with only 1 low. Volume on higher prices was 486,215,110 with 390,067,376 on lower prices. Top 100 equities traded-#1, Citigroup with a very light 274,242,338 which means shares were broadly traded today. #5, General Electric at 57,373,204. Its shares surged at the beginning of the years so heavy volume is consolidating move. #10, JP Morgan at 37,947,141. #50, an Italian bank that goes by the name Itau Unibanco Holdings SA at 11,465,122. So 1,5,10,50 are all financials. #100 Forest Oil, on a surge, at 7,658,132. Notes-at #2 was Sprint with a big percentage move down, for some reason it cannot break $4. The hidden driver is their WiMax technology. Went down along with teleco sector, but that can change. Warrants watching. 3 airlines had heavy volume and were up. Eastman Kodak had a follow through day on heavy volume, bullish. MGM has had amazing moves up on heavy volume but today was down a trifle on less volume.
NASDAQ: The exchange had healthier internals than the NYSE today as 1539 advanced and 1082 declines with 143 making new highs and 2 making new lows. A steady 2,254,170,010 turnover occurred with 1,285,717,083 shares bid up and 943,086,432 bid down. Top 100 shares traded-Intel with a heavy (earnings announcement) share count at 151,178,218. #5, Cisco with 52,303,150 and a follow through day. Investors want this stock. #10, Applied Material at 26,922,711. #50, Citizens Republic Bancshares at 8,911,313. Can it go to a buck? #100, Amgen at 4,668,852. The pattern so far Up, had big down day, rallied back 45%, down today, then... Notes-MRNA , a big gainer yesterday, sold off. A speculative buy on dip comes into play. ACAS went from 3 to near 4 very quickly. If bought the expectation should be at least another buck or two by the end of the year.
DIARY-Options expiration tomorrow. So the key here is to look for some simple purchases out of the public's eye. Midwestern financials did well today. Microsoft has a lot of upside. People sold GOOG and bought BIDU, why not MSFT?
Wednesday, January 13, 2010
Chrysler CEO statement
Chrysler CEO made a statement today to strike fear into people's hearts concerning the entire auto industry by saying that the world supply of cars outpace demand. At least that is what I understand as I look on Yahoo!
I believe that is an obvious statement and as the famous technician Joe Granville says, "If it's obvious it's obviously wrong." The fact of the matter is that the world supply of yesterdays cars is probably true but not the ones that customers and governments want in the future.
Please look back 4-5 years ago and see what the media was talking about concerning the record surplus of corn and how it will never go up in value. The same can be said about platinum and palladium at about the same time where the argument was that recycling will provide for all our demand.
In sum, auto companies are back and back big. The last decade saw steel behemoths arise from the furnace stronger than ever and now after GM's bankruptcy, like LTVs before, a new environment will pave the way for some amazing progress. Don't believe me? Then who would you believe: the words of a CEO in an industry notorious for bad management and even worst public statements or the market who has bid up Ford stock from a buck to over 12? James Dines keeps hammering home that the market is a barometer of the future. If that's the case...
Things are looking up!
I believe that is an obvious statement and as the famous technician Joe Granville says, "If it's obvious it's obviously wrong." The fact of the matter is that the world supply of yesterdays cars is probably true but not the ones that customers and governments want in the future.
Please look back 4-5 years ago and see what the media was talking about concerning the record surplus of corn and how it will never go up in value. The same can be said about platinum and palladium at about the same time where the argument was that recycling will provide for all our demand.
In sum, auto companies are back and back big. The last decade saw steel behemoths arise from the furnace stronger than ever and now after GM's bankruptcy, like LTVs before, a new environment will pave the way for some amazing progress. Don't believe me? Then who would you believe: the words of a CEO in an industry notorious for bad management and even worst public statements or the market who has bid up Ford stock from a buck to over 12? James Dines keeps hammering home that the market is a barometer of the future. If that's the case...
Things are looking up!
Wed Jan 13 Stats
Market Indices: Global Dow 2041.03 SP500 1145.68 DJ30 10680 DJT 4226.74 DJU 401.59
Key prices: EUR/USD 1.4541 USD/JPY 91.65 Gold 1143 Oil 79.79
Yields: 2yr-0.964% 10yr-3.793%
Market Internals:
NYSE-A complete reversal today with a large demand for issues today. 2234 issues advanced and only 824 declined. Unfortunately, the 52 week highs didn't correlate with only 217 making new highs and 2 making new lows. The other negative was that the volume was lower than yesterday at 970,285,780. 706,026,000 shares were bid up and 256,341,850 shares were bid down. Concerning top 100 most active shares-Citigroup, like yesterday, had lower volume at 409,971,980. Pfizer was 5 at 59,514,392. JP Morgan was 10 with 39,609,026. The 50th was a preferred share of Bank of America, BACS, at 12,046,574. 49 was PBR, the Brazilian energy giant, and 51 was Altria. Ending the list was Occidental Petroleum (OXY) who bought Phibro from Smith Barney trading at 7,360,234. Notes-Airlines started to move again. EastmanKodak was up on large volume. Its consolidation is over. Unless there is an antitrust matter, I cannot see how EK won't be bought out
NASDAQ-This index was the champ today. 1802 advancing issues overwhelming the 838 decliners. 107 issues made new highs and only 8 made new lows. The key was the turnover which is picking up at 2,318,359,919. Shares that were bid up outnumbered the shares on sales over 3:1. Up volume was 1,798,011,035 and Down volume was 491,123,244. Concerning top 100 most active shares-Intel led at 71,386,580 (beginning of semi- rally?) Csco at 5 with huge volume and price movement for it at 43,619,245 (usually sells off after pessimistic guidance by CEO) and rounding out the top 10 is MDRNA (biotech company) with 29,477,685. Broadcom was 9,831,461 in fiftieth place. And Ener1 (battery) at 4,614,713. Notes-ACAS was up 13% with large volume of 14,292,193. Financials are healthy if a financial company such as this is showing life. Biotechs came to life so lets see if there is some momentum there.
DIARY-Continental Airlines was a leader when I bought it but DAL and the others are playing catch up, but patience appears to start being rewarded as they started surge higher: AYR and GLS firms that supply credit for purchasing aircrafts have started strong bullish moves. Dabbled in natural gas stocks like ROSE and HERO.
Key prices: EUR/USD 1.4541 USD/JPY 91.65 Gold 1143 Oil 79.79
Yields: 2yr-0.964% 10yr-3.793%
Market Internals:
NYSE-A complete reversal today with a large demand for issues today. 2234 issues advanced and only 824 declined. Unfortunately, the 52 week highs didn't correlate with only 217 making new highs and 2 making new lows. The other negative was that the volume was lower than yesterday at 970,285,780. 706,026,000 shares were bid up and 256,341,850 shares were bid down. Concerning top 100 most active shares-Citigroup, like yesterday, had lower volume at 409,971,980. Pfizer was 5 at 59,514,392. JP Morgan was 10 with 39,609,026. The 50th was a preferred share of Bank of America, BACS, at 12,046,574. 49 was PBR, the Brazilian energy giant, and 51 was Altria. Ending the list was Occidental Petroleum (OXY) who bought Phibro from Smith Barney trading at 7,360,234. Notes-Airlines started to move again. EastmanKodak was up on large volume. Its consolidation is over. Unless there is an antitrust matter, I cannot see how EK won't be bought out
NASDAQ-This index was the champ today. 1802 advancing issues overwhelming the 838 decliners. 107 issues made new highs and only 8 made new lows. The key was the turnover which is picking up at 2,318,359,919. Shares that were bid up outnumbered the shares on sales over 3:1. Up volume was 1,798,011,035 and Down volume was 491,123,244. Concerning top 100 most active shares-Intel led at 71,386,580 (beginning of semi- rally?) Csco at 5 with huge volume and price movement for it at 43,619,245 (usually sells off after pessimistic guidance by CEO) and rounding out the top 10 is MDRNA (biotech company) with 29,477,685. Broadcom was 9,831,461 in fiftieth place. And Ener1 (battery) at 4,614,713. Notes-ACAS was up 13% with large volume of 14,292,193. Financials are healthy if a financial company such as this is showing life. Biotechs came to life so lets see if there is some momentum there.
DIARY-Continental Airlines was a leader when I bought it but DAL and the others are playing catch up, but patience appears to start being rewarded as they started surge higher: AYR and GLS firms that supply credit for purchasing aircrafts have started strong bullish moves. Dabbled in natural gas stocks like ROSE and HERO.
Tuesday, January 12, 2010
TUESDAY Jan 11 stats
Key markets: Global Dow 2027.37 SP500 1136.22 DJ30 10627 DJT 4203.53 DJT 398.28
Interest rates: 2yr - 0.907% 10yr - 3.717%
Price signals: EUR/USD 1.4472 USD/JPY 91.04 Gold 1129.1 Oil 79.90
Market Internals:
NYSE - 864 shares advanced in the midst of 2203 declining shares. Over 22% of the advancing shares made new highs and only 1 new lows. Activity picked up at 1,097,137,275. Though new highs were made, the up volume was tepid at 199,612,800 with surging down volume at 888,843,175. Notes-Citigroup was the most active stock, but considerably lower than usual at 469,818,289. General Electric was fifth at 64,607,886. Wells Fargo at 10 with 39,795,219. Caterpillar faced some profit takers at fiftieth place with 13,561,879. And the Gold bears were out today taking down precious metals and their respective shares like Newmont at 100th place with 8,457,933 traded. Altria was in 39th place today with a heavy 15,306,221. Alcoa sold off today, but not US Steel. Steel and copper are infrastructure plays while aluminum doesn't seem to be considered in the same mold. Also, with Citigroup volume lower, does that mean this was a broad based distribution day?
NASDAQ: This market totally underwhelmed today. 736 advanced and 1912 declined. Only 83 could make new highs as 6 made new lows. Total activity was heavier in today's session at 2,368,327,908. 581,972,901 shares were bid up, but 1,767,656,386 shares had to be sold today at a discount. There was 3:1 ratio for markdowns today. Notes-Intel led the shares traded at 69,948,472. YRCW with all its debt burdens and fears of bankruptcy surprised the market on the upside with heavy buying at 58,190,624. Cisco topped out the tenth place at 35,766,390. A semiconductor, ONNN, was in 50th place with 8,592,608 traded. An energy producer, again, ended the top 100, Delta Petroleum with 4,763,596 traded.
DIARY ENTRY FOR WEDNESDAY: NEXM was traded heavily today and may have some potential like EXXI and MMR late last week. YRCW rally bodes well, possibly, for WABASH a trailer manufacturer. My biotech call was not good for a day trade but believe either today or tomorrow the rally should continue. Grocery stores ralllied after SuperValu (and Tesco in UK) mentioned encouraging news. Dollar rally start again?
Interest rates: 2yr - 0.907% 10yr - 3.717%
Price signals: EUR/USD 1.4472 USD/JPY 91.04 Gold 1129.1 Oil 79.90
Market Internals:
NYSE - 864 shares advanced in the midst of 2203 declining shares. Over 22% of the advancing shares made new highs and only 1 new lows. Activity picked up at 1,097,137,275. Though new highs were made, the up volume was tepid at 199,612,800 with surging down volume at 888,843,175. Notes-Citigroup was the most active stock, but considerably lower than usual at 469,818,289. General Electric was fifth at 64,607,886. Wells Fargo at 10 with 39,795,219. Caterpillar faced some profit takers at fiftieth place with 13,561,879. And the Gold bears were out today taking down precious metals and their respective shares like Newmont at 100th place with 8,457,933 traded. Altria was in 39th place today with a heavy 15,306,221. Alcoa sold off today, but not US Steel. Steel and copper are infrastructure plays while aluminum doesn't seem to be considered in the same mold. Also, with Citigroup volume lower, does that mean this was a broad based distribution day?
NASDAQ: This market totally underwhelmed today. 736 advanced and 1912 declined. Only 83 could make new highs as 6 made new lows. Total activity was heavier in today's session at 2,368,327,908. 581,972,901 shares were bid up, but 1,767,656,386 shares had to be sold today at a discount. There was 3:1 ratio for markdowns today. Notes-Intel led the shares traded at 69,948,472. YRCW with all its debt burdens and fears of bankruptcy surprised the market on the upside with heavy buying at 58,190,624. Cisco topped out the tenth place at 35,766,390. A semiconductor, ONNN, was in 50th place with 8,592,608 traded. An energy producer, again, ended the top 100, Delta Petroleum with 4,763,596 traded.
DIARY ENTRY FOR WEDNESDAY: NEXM was traded heavily today and may have some potential like EXXI and MMR late last week. YRCW rally bodes well, possibly, for WABASH a trailer manufacturer. My biotech call was not good for a day trade but believe either today or tomorrow the rally should continue. Grocery stores ralllied after SuperValu (and Tesco in UK) mentioned encouraging news. Dollar rally start again?
Alcoa isn't Apple or Amazon or Freeport for that matter
After a move from 14 to 17, did anyone realistically expect Alcoa to shoot higher without profit taking? The economy is in the duldrums and, still, people don't realize the market is not going up because of fundamentals. Alcoa, like PG yesterday, could rally from the ugly open.
Alcoa has more of a monopoly than X, WOR, AKS, ATI, - three stocks that got away from me so why shouldn't it go higher?
Alcoa has more of a monopoly than X, WOR, AKS, ATI, - three stocks that got away from me so why shouldn't it go higher?
Monday, January 11, 2010
Jan 10 stats
Key Indices: DJIA 10663.99 DJT 4262.86 DJU 400.47 SP500 1146.98 Global Dow 2045.47
Treasuries: 2yr 0.94% 10yr 3.82%
Key price signals: EUR/USD 1.4487 USD/JPY 92.12 Gold 1149.50 Oil 81.70
Market Internals:
NYSE - 1786 issues advanced while 1261 declined. A large 523 stocks made new highs while 1 made new lows. Activity was 967,192,265. It took 572,380,940 shares to keep the market up and 379,737,405 shares sold off. Citigroup was the most active at 473,569,210, Alcoa was five at 75,731,883 and Sprint (breaking 4) at 32,249,174. Number 50 was the options play, Altria, at 11,911,052. And 100th, again, was American Express at 7,395,985. Diary: They say the Dow30 is the last to top out and appears to be the strongest currently as CAT and CVX popped. The DJ Utilities strengthened on a so-so day on rising industrial production? or simply higher energy prices? McMoran Exploration, energy, popped and a tell was EXXI activity on Friday. Earnings season started today and options expiration is on Friday so hard to make any decisions.
NASDAQ: Had a negative day with 1299 advancing issues but 1344 decliners. 211 made highs and 3 made lows, but volume was heavier on the downside: 961,018,443 shares were bid up and 1,048,521,618 were bid down. Total activity was 2,077,897,960. Microsoft led the session at 68,737,598. Energy XXI was fifth at 35,844,851 (following up Friday's move) and Micron at ten with 29,100,538. JetBlue was 50th at 7,162,658. Intuit was 100th at 4,011,641. Diary - I saw a lot of red today and believe people are hedging their bets as there will be much volatility in the days ahead. Cheap financials are moving: ACAS, PRS, HBAN, SNV
Treasuries: 2yr 0.94% 10yr 3.82%
Key price signals: EUR/USD 1.4487 USD/JPY 92.12 Gold 1149.50 Oil 81.70
Market Internals:
NYSE - 1786 issues advanced while 1261 declined. A large 523 stocks made new highs while 1 made new lows. Activity was 967,192,265. It took 572,380,940 shares to keep the market up and 379,737,405 shares sold off. Citigroup was the most active at 473,569,210, Alcoa was five at 75,731,883 and Sprint (breaking 4) at 32,249,174. Number 50 was the options play, Altria, at 11,911,052. And 100th, again, was American Express at 7,395,985. Diary: They say the Dow30 is the last to top out and appears to be the strongest currently as CAT and CVX popped. The DJ Utilities strengthened on a so-so day on rising industrial production? or simply higher energy prices? McMoran Exploration, energy, popped and a tell was EXXI activity on Friday. Earnings season started today and options expiration is on Friday so hard to make any decisions.
NASDAQ: Had a negative day with 1299 advancing issues but 1344 decliners. 211 made highs and 3 made lows, but volume was heavier on the downside: 961,018,443 shares were bid up and 1,048,521,618 were bid down. Total activity was 2,077,897,960. Microsoft led the session at 68,737,598. Energy XXI was fifth at 35,844,851 (following up Friday's move) and Micron at ten with 29,100,538. JetBlue was 50th at 7,162,658. Intuit was 100th at 4,011,641. Diary - I saw a lot of red today and believe people are hedging their bets as there will be much volatility in the days ahead. Cheap financials are moving: ACAS, PRS, HBAN, SNV
Altria options the ultimate gamble
The January 2010 option called at $21 for MO is priced at a penny.
So for $1 you control $2,100. 20:1 leverage
Currently the price is $20.35 and needs to move $0.65 to show a profit, a 3.2% move.
The reason the option is cheap is that MO is not a very volatile stock and has moved up already. But as seen during the week, the volume is very heavy. A weird options expiry day could happen.
So for $1 you control $2,100. 20:1 leverage
Currently the price is $20.35 and needs to move $0.65 to show a profit, a 3.2% move.
The reason the option is cheap is that MO is not a very volatile stock and has moved up already. But as seen during the week, the volume is very heavy. A weird options expiry day could happen.
Weekly Update
This is my first weekly update and will try to fine tune this as with my blog. It is very time consuming so please bare with me. Any comments, of course, will be appreciated.
TUESDAY/WEDNESDAY/THURSDAY/FRIDAY
DJIA NA /10573/10550/10618
DJT 4147/ 4135.75/ 4222.26
DJU 398.6/396.61/396.31
Global Dow NA/NA/2023.32/2046.99
EUR/USD na/1.4304/1.4314/1.4528
USD/JPY 92.29/93.16/92.18
GOLD 1129.70/1123.90/1155.70
OIL NA/82.39/NA/83.40
NYSE
advancing shares 1860/1826/1882/1858
declining shares 1210/1219/1186/1183
52wk highs 401/451/342/381
52wk lows 0/ 1/ 3/ 4
total volume na/ 1,11,811,976/ 1,193,769,108/ 994,749,061
up volume na/ 782,821,896/ 811,935,428/ 474,519,120
down volume na/ 368,212,250/ 375,209,610/ 511,977,341
NASDAQ
advancing shares 1188/1192/1562/1666
declining shares 1495/1469/1103/973
52wk highs 206/185/118/163
52wk lows 7/ 7/ 4 4
total volume 2,367,862,960/ 2,253,342,098/ 2,279,057,834/ 2,145,393,756
up volume 1,266,813,466/ 1,041,653,165/ 1,218,747,421/ 1,517,069,795
down volume 1,022,629,226/ - / 1,032,121,576/ 556,538,153
DIARY
Volume became lighter as the week progressed. The Nasdaq's internals improved but the NYSE's worsened. Judging from Friday's activity, I believe that biotech had something to do with Nasdaq's movements.
TUESDAY/WEDNESDAY/THURSDAY/FRIDAY
DJIA NA /10573/10550/10618
DJT 4147/ 4135.75/ 4222.26
DJU 398.6/396.61/396.31
Global Dow NA/NA/2023.32/2046.99
EUR/USD na/1.4304/1.4314/1.4528
USD/JPY 92.29/93.16/92.18
GOLD 1129.70/1123.90/1155.70
OIL NA/82.39/NA/83.40
NYSE
advancing shares 1860/1826/1882/1858
declining shares 1210/1219/1186/1183
52wk highs 401/451/342/381
52wk lows 0/ 1/ 3/ 4
total volume na/ 1,11,811,976/ 1,193,769,108/ 994,749,061
up volume na/ 782,821,896/ 811,935,428/ 474,519,120
down volume na/ 368,212,250/ 375,209,610/ 511,977,341
NASDAQ
advancing shares 1188/1192/1562/1666
declining shares 1495/1469/1103/973
52wk highs 206/185/118/163
52wk lows 7/ 7/ 4 4
total volume 2,367,862,960/ 2,253,342,098/ 2,279,057,834/ 2,145,393,756
up volume 1,266,813,466/ 1,041,653,165/ 1,218,747,421/ 1,517,069,795
down volume 1,022,629,226/ - / 1,032,121,576/ 556,538,153
DIARY
Volume became lighter as the week progressed. The Nasdaq's internals improved but the NYSE's worsened. Judging from Friday's activity, I believe that biotech had something to do with Nasdaq's movements.
Sunday, January 10, 2010
Jan 8 Stats
Stock Indices: DJIA 10618 DJT 4222.26 DJU 396.31 SP500 1144.98 Global Dow 2046.99
Yields: 2yr 0.976 10yr 3.836, equates with a corporate P/E of over 25
Key prices: EUR/USD 1.4528 USD/JPY 92.18 Gold 1155.7 Oil 83.40
Market Stats:
NYSE: 1858 stocks advanced while 1183 declined. Of that, 382 made new highs and only 4 made new lows. The activity today was 994,749,061. Advancing stocks were done on shares and 511,977,341 declining issues were heavily sold with 474,519,120 share sold. NOTES: Citigroup led the active stocks today at 623,650,518. The 5th was Motorola at 75,143,724. The 10th was ATT at 27,633,500. Finance had 5 spots in the top 10. The 50th was Alcatel Lucent. And the 100th was El Paso at 7,026,252. Finance and telecommunications were active today. Finance and airlines had a selloff day. Believe this is the market digesting the breakouts. Telecos are going to be in play now. Also, energy and metal stocks started to perk traders interest: X AA and EP. The market has really liked X and AA, but EP may have its shot now. Lastly, MO moved up in the active list on an up day. So, the $20 level can be support for it and its large dividend.
NASDAQ: 1666 stocks advanced while 973 declined. Of that, 163 made new highs and just 4 made new lows. The activity today was 2,145,393,756. Today, people wanted to by tech companies on 2,145,393,756 shares. Volume on the upside was 3:1. 1,517,069,795 shares were purchased on rising shares and 556,538,153 were sold on declining issues. NOTES: Cyclacel Pharm was the heaviest traded on the Nasdaq at 78,732,013. The fifth was Applied Material at 41,212,021. Palm was 10th at 28,349,279. The 50th was Energy XXI at 9,033,361. The 100th was Hercules Offshore at 4,285,492. Microsoft, like Citigroup, is a very active issue and is setting up for a move to $35. Several penny stock biotechs were active today. From my observations, that would mean the market may consolidate while taking a chance on healthcare. Also, Huntington Bancshare which has been heavily traded was yet again in the top 10, at #9, trading with 29,858,135 shares. Semiconductors were moving so National Semiconductor and Taiwan Semiconductor may start to move as well. A financial that went up and broke $3 was American Capital (ACAS). Several energy related companies moved. The 99th was a popular one, Joy Global at 4,328,139. Hercules Offshore is a great speculative stock to trade due to its $10 trading range.
Yields: 2yr 0.976 10yr 3.836, equates with a corporate P/E of over 25
Key prices: EUR/USD 1.4528 USD/JPY 92.18 Gold 1155.7 Oil 83.40
Market Stats:
NYSE: 1858 stocks advanced while 1183 declined. Of that, 382 made new highs and only 4 made new lows. The activity today was 994,749,061. Advancing stocks were done on shares and 511,977,341 declining issues were heavily sold with 474,519,120 share sold. NOTES: Citigroup led the active stocks today at 623,650,518. The 5th was Motorola at 75,143,724. The 10th was ATT at 27,633,500. Finance had 5 spots in the top 10. The 50th was Alcatel Lucent. And the 100th was El Paso at 7,026,252. Finance and telecommunications were active today. Finance and airlines had a selloff day. Believe this is the market digesting the breakouts. Telecos are going to be in play now. Also, energy and metal stocks started to perk traders interest: X AA and EP. The market has really liked X and AA, but EP may have its shot now. Lastly, MO moved up in the active list on an up day. So, the $20 level can be support for it and its large dividend.
NASDAQ: 1666 stocks advanced while 973 declined. Of that, 163 made new highs and just 4 made new lows. The activity today was 2,145,393,756. Today, people wanted to by tech companies on 2,145,393,756 shares. Volume on the upside was 3:1. 1,517,069,795 shares were purchased on rising shares and 556,538,153 were sold on declining issues. NOTES: Cyclacel Pharm was the heaviest traded on the Nasdaq at 78,732,013. The fifth was Applied Material at 41,212,021. Palm was 10th at 28,349,279. The 50th was Energy XXI at 9,033,361. The 100th was Hercules Offshore at 4,285,492. Microsoft, like Citigroup, is a very active issue and is setting up for a move to $35. Several penny stock biotechs were active today. From my observations, that would mean the market may consolidate while taking a chance on healthcare. Also, Huntington Bancshare which has been heavily traded was yet again in the top 10, at #9, trading with 29,858,135 shares. Semiconductors were moving so National Semiconductor and Taiwan Semiconductor may start to move as well. A financial that went up and broke $3 was American Capital (ACAS). Several energy related companies moved. The 99th was a popular one, Joy Global at 4,328,139. Hercules Offshore is a great speculative stock to trade due to its $10 trading range.
Thursday, January 7, 2010
Jan 7 Stats
Market Prices: Global Dow 2023.32 DJIA 10550 DJT 4135.75 DJU 396.61 S&P500 1141.69
Key Price Signals: EUR/USD 1.4314 USD/JPY 93.16 Gold 1123.90 Oil 93.16
NYSE: 1882 issues advanced while 1186 declined. Of that, 342 made new highs while 3 made lows. Total activity was 1,193,769,108. Demand was on the upside at 811,935,428 shares and 375,209,610 on the downside. Citigroup was the most active with 671,506,458. Altria the 50th actively traded at 14,983,392 (and finally over 20). At the bottom, is American Express at 8,981,628 making the trading day a financial sandwich.
NASDAQ: 1562 issues advanced while 1103 declined. Of that, 118 made new highs while 4 made lows. Total activity was 2,279,057,834. Demand was on the upside at 1,218,747,421 and 1,032,121,576 on the downside. A Midwestern bank starts off the active list: Huntington Bancshare at 77,082,232. A semi conductor in the middle, XILINX, at 9,250,700 and rounding out the top 100 is JDS Uniphase at 4,910,766.
Diary: Financials of all stripes are starting to maintain momentum. Airlines rallied again. Techs sold off. But today, the Nasdaq internals are aligned with NYSE so pare trade exited.
Key Price Signals: EUR/USD 1.4314 USD/JPY 93.16 Gold 1123.90 Oil 93.16
NYSE: 1882 issues advanced while 1186 declined. Of that, 342 made new highs while 3 made lows. Total activity was 1,193,769,108. Demand was on the upside at 811,935,428 shares and 375,209,610 on the downside. Citigroup was the most active with 671,506,458. Altria the 50th actively traded at 14,983,392 (and finally over 20). At the bottom, is American Express at 8,981,628 making the trading day a financial sandwich.
NASDAQ: 1562 issues advanced while 1103 declined. Of that, 118 made new highs while 4 made lows. Total activity was 2,279,057,834. Demand was on the upside at 1,218,747,421 and 1,032,121,576 on the downside. A Midwestern bank starts off the active list: Huntington Bancshare at 77,082,232. A semi conductor in the middle, XILINX, at 9,250,700 and rounding out the top 100 is JDS Uniphase at 4,910,766.
Diary: Financials of all stripes are starting to maintain momentum. Airlines rallied again. Techs sold off. But today, the Nasdaq internals are aligned with NYSE so pare trade exited.
Jan 6 Stats
US Indices: DJIA 10573 DJT 4147 DJU 398.6 SP500 1137.14
Key prices: EUR/USD 1.4304 USD/YEN 92.29 Gold 1129.7 Oil 82.39
NYSE: 1826 issues advanced while 1219 declined. Out of the advancers, 451 made new highs while only 1 out of the 1192 made a new low. Volume was 1,113,811,976: the upside with 782,821,896 and 368,212,250 on the downside. Citigroup was the most active issue at 673,256,058. The 50th was Corning at 13,449,136. The 100th is LSI Corp. at 8,847,556 .
NASDAQ: 1192 issues advanced while 1469 declined. Out of the advancers, 185 made new highs while only 7 made lows. Volume was 2,253,342,098: the upside was 1,041,653,165 and 2,253,342,098 on the downside. MESA (bankrupt) was the most active at 64,323,827. The 50th was STEC at 8,447,788. The 100th was Cadence at 4,317,638.
Speculative battery companies in play: ABAT, CBAT, AONE, XIDE
Also, the Nasdaq is breaking down. Yesterday had more declining issues and today has more downside volume. Airlines had a retreat, but believe by next week we are going to see yet another lift off. DAL and GLS were up.
Key prices: EUR/USD 1.4304 USD/YEN 92.29 Gold 1129.7 Oil 82.39
NYSE: 1826 issues advanced while 1219 declined. Out of the advancers, 451 made new highs while only 1 out of the 1192 made a new low. Volume was 1,113,811,976: the upside with 782,821,896 and 368,212,250 on the downside. Citigroup was the most active issue at 673,256,058. The 50th was Corning at 13,449,136. The 100th is LSI Corp. at 8,847,556 .
NASDAQ: 1192 issues advanced while 1469 declined. Out of the advancers, 185 made new highs while only 7 made lows. Volume was 2,253,342,098: the upside was 1,041,653,165 and 2,253,342,098 on the downside. MESA (bankrupt) was the most active at 64,323,827. The 50th was STEC at 8,447,788. The 100th was Cadence at 4,317,638.
Speculative battery companies in play: ABAT, CBAT, AONE, XIDE
Also, the Nasdaq is breaking down. Yesterday had more declining issues and today has more downside volume. Airlines had a retreat, but believe by next week we are going to see yet another lift off. DAL and GLS were up.
Wednesday, January 6, 2010
Jan 5 Stats
NYSE: 1860 advancers/1210 decliners out of that 401 highs/0 lows on 1,192,541,785 traded (824,073,895 up/361,557,470 down)
NASDAQ: 1188/1495 206/7 2,367,862,960 (1,266,813,446/1,022,629,226)
What I see by these stats is that declining issues outnumbered advancers in the Nasdaq. A possible new spread going long SP500 or DJ30 and short Nasdaq may work now.
NASDAQ: 1188/1495 206/7 2,367,862,960 (1,266,813,446/1,022,629,226)
What I see by these stats is that declining issues outnumbered advancers in the Nasdaq. A possible new spread going long SP500 or DJ30 and short Nasdaq may work now.
Tuesday, January 5, 2010
Airlines are soaring
My theme is that even with all the delays caused by snow storms and attempted terrorist attacks people still need to travel; additionally, the service provided by the carriers was very professional from my personal experience.
1) Genesis Lease was on Jim Cramer's show so many years ago, but it may have finally bottomed. If the cash flow can keep steady this one will pay a hefy dividend.
2) Today the airlines are not giving anyone a chance to get in so you can either wait or nibble on one. I was hemming and hawing trying to find a laggard, but I am tired of trading the wrong stocks so I am sticking with the market leader today, CAL. I bought near its top.
1) Genesis Lease was on Jim Cramer's show so many years ago, but it may have finally bottomed. If the cash flow can keep steady this one will pay a hefy dividend.
2) Today the airlines are not giving anyone a chance to get in so you can either wait or nibble on one. I was hemming and hawing trying to find a laggard, but I am tired of trading the wrong stocks so I am sticking with the market leader today, CAL. I bought near its top.
Saturday, January 2, 2010
Friday, January 1, 2010
December 31st Stats
SP500 1115.10
DJIA 10428 DJT 4099.63 DJU 398.01
up/down issues 52 high/low up/down/total volume
NYSE: 1014/2021 176/2 124,200,723 / 546,522,920 / 679,849,943
NASDAQ: 1013/1712 99/12 275,945,386 / 947,280,280 / 1,237,821,519
Airline stocks are subtly up. Even with the bad news surrounding the sector, it would appear that they may be setting up for a surprising move up.
HPQ is down over 2%. Buy on dip?
DJIA 10428 DJT 4099.63 DJU 398.01
up/down issues 52 high/low up/down/total volume
NYSE: 1014/2021 176/2 124,200,723 / 546,522,920 / 679,849,943
NASDAQ: 1013/1712 99/12 275,945,386 / 947,280,280 / 1,237,821,519
Airline stocks are subtly up. Even with the bad news surrounding the sector, it would appear that they may be setting up for a surprising move up.
HPQ is down over 2%. Buy on dip?
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