Friday, August 10, 2007

Maket- My take


Wild ride today. Technically it looks like a double bottom on S&P . Near term low for S&P and Nasdaq. Brought some ONEQ, AMZN and ISRG in the morning weakness and sold SDS. Will have to see the market holds todays lows.If not will dump my positions. Took advantage of relatively low risk entry level.
I think the market will try to rally from here. But it will not be the one we had from March 07 and this one will be a short lived one and we may go sideways for a while because of liquidity issue. Nasdaq stocks (Technology) will be the least affected ones by the sub prime related issues.As always look for good stocks which can go up as its own in sideways market

Wednesday, August 1, 2007

Near term Low


All markets rebound in late session. Looks like near term low. Brought ultra long SSO.

We will see where it goes.

Tuesday, July 24, 2007

CPO - Up big on a down day

Up big , bounced of 50 day. to add to watch list

Market - Near term top

Looks like market has topped for the time being. S&P and DOW , MID cap, small cap
Big down day for most of sectors including oil
I am out of most of my positions expect my S&P Ultra short fund SPX
Took profits in MDR, CME , CLB.
Got in and got out of UNG

Want to get into oil again after this pullback. Also watching Uraninum fund U.TO.

Want to short financials. Did not get a chance

Sunday, March 4, 2007

I am watching these IPO's

A good number of IPO's appreciated over 100 % in 2006 . To toe into some of the recent succesful IPO's or not. Here are some names I am watching
UA
CMG
MA
CROX
JCG
MPEL

Market top or opertunity to toe in

Well. I think the uptrend we had from '06 June is done for the time being for major market sectors. I also think the major selling is over for the time being and we will see some kind of rally. That rally will decide the market direction