Tuesday, May 8, 2007

Correction Today ????

Most of the markets worldwide are down except Shanghai which is UP 100+.European markets are down 1/2 percent.

Dow may just rest for today to wait for Fed decision & statement.

So what one should do today/tommorrow till 2.15 PM......in a bull market you ALWAYS position for next leg UP.

Markets are fine...they are in healthy mode...too many SKEPTICS.....

Markets probably will resume its UPTREND from thursday after digesting Fed statement.

So the couple of days of meandering is not bad for those looking to reenter certain strong stocks.

CSCO earning is after close..............Jim Cramer is quiet..fast money are negative.....so I expect CSCO to do well.....too many SKEPTICS.....

Pre market AQNT,WYNN doing well.

MSTR,HLYS are the disaster du jour.

I have added stocks on a daily basis where price was RIGHT.....I have accumulated RAL.TO,MOL.TO,UXG & PDN.TO...my other position remains CSCO,SNDK & STP.

Good luck on your strategic moves for today & wed.

Please do your own due diligence.....I am known for my OPTIMISM.

BLOG does not give buy or sell.

Good luck on your trades.

Saleem

No comments: