Markets are meandering ...but dont tell that to semis,chips,techs......they are doing what was "overdue".....a HUGE rally.
This proves my point...... know your stocks and.... know which sectors will OUTPERFORM next.
Do not pay any attention to "noise"......it is the "biggest distraction to making money".
Alway's position for contra-play......what is contra-play?
It is simply positioning the opposite of what is happening...yesterday techs were down BIG.....you should have BOUGHT instead of "intellectualizing...why".
You know something...nobody knows WHY...because wall street is "highly manipulated by hedge funds alongwith market makers"......unlike overseas markets which is investors paradise.
So know your stocks FA & TA and keep making BETS.....end of the story.
Strong stocks so far are @ 12.27PM......
SNDK,RIMM,NVDA,AMD,AAPL,GOOG,PMCS,SWIR,AMAT,VLO,GRMN,
BRCM,STX,LRCX,HOKU.
All this is happening when all index are RED......go figure.
Philly index was healthy.....which means economy is GROWING...which means profit will be HIGHER.
On the contrary you can follow Eric Bolling & be SHORT FXI since feb.....and buy puts on every long position as per Pete Najarian......which is a short cut to losing equity or all GAINS....so i think !!!!
Good luck on "avoiding noise & fear mongering by vested interest"
BLOG does not give buy or sell.
Next post around 7PM EST.
Saleem
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