Markets getting OVERSOLD again !!!!

Markets are getting oversold.....all indices are RED again @ 110.04AM.

Sentiments are getting "too bearish"......which is a contrary indicator.

Markets have almost discounted "overbought","slow economy" & "fed meeting".

Will "not be surprised to see a very strong close today".

As you are witnessing that lot of individual stocks are taking "turns in going GREEN"....

Sector rotation plus stock rotation is very much in play...which is a "sign of a healthy markets"

In my portfolio STP has turned around big time and is UP $1++ second day in a row...and has crossed above 50dma of $35.14 by a WIDE margin...last trade @ $35.87......boy am I happy about that $$$

SNDK is also UP $1.02 ...it is trading in its new Higher channel...needs to have a "breakout above $48.90....then $50 will be a "piece of Choc cake".

My uranium PDN.TO is also showing GREEN which is a big relief from yesterday's drubbing.

FDRY is making an effort to be in GREEN.....

RIMM is down again due to jitters over its earning Th AH.

Other strong stocks are:

SNDA,NVDA,AAPL,SWIR,MPEL,JNPR,AMAT,CTRP,WFR,GRMN,AMD,
TSL,NTRI,MR(Upgraded to Buy by Brean Murray).

Surprising weaker stocks are :

GOOG,LVS.

NMX has seen its low today @ $122.27......

Good luck on your positioning today $$$$

Guess what.....Bull market is not dead.....volatility has increased.....

The question is...can you take advantage of this "volatility"????

Please do your own due diligence and be COMFORTABLE with your strategy.

BLOG does not give buy or sell.

Saleem