This was a day for record books........
Dow had the best one day rally in 4 years......
DOW & S&P 500 @ all time HIGH......
Nasdaq @ new 52 wk HIGH........
Advancing volume led declining volume by 7.08 to 1 on NYSE & 6.11 to 1 on Nasdaq......these are very strong lead by advancing stocks.......
Today lot of SKEPTICS & BEARS decided that "maybe they should join the rally on the long side"
This is one bull market "which no one believes in".....that is why it is going HIGHER & HIGHER.......
Bear's wants to talk about yesterdays old problems like sub-prime,housing ...which may have factored the worse case scenario.......Most investors/traders forget that wall street is a discounting mechanism......they overreact initially on all issues...then stabilize the stocks...then RALLY begins even in the most beaten down sectors...like sub-prime affected,housing ..............& on & on........
So today........... I sold my STP @ $43.49 to lock big profit.......
Then I bought more SNDA as it is still taking a NAP......although was GREEN...so no complaints on my profitable position.......
I also bought TOL ...which stands for TOLL BROTHERS builder of luxury homes....yes even today I made money on both of my new & add-on position.......
RIMM continued its march towards new HIGHS..........
YHOO was waking from its beaten down tired nap.......ended GREEN...this is a sleeper ...news will get BETTER.......you watch !!!!
FDRY went to new 52 wk high and closed slightly below......
CMED gave me very good profit since my purchase yesterday...went to new 52 wk high.....
SNDK was the big mover today on improving fundamentals.....though feel it is in overbought territory......looking to get back in before next thursday ER......
NMX running with the bulls $6+......any deals...who knows....
MA rocketed UP $11.........
FMCN continues its recovery from int audit........
JNPR,CSCO,INTC also hit new HIGHS......
AMAT,GROW were strong also.......
SIRF,ICE,CTRP,WYNN,WFR,LVS,GRMN(new high),FSLR,TSL,SNE,
HOKU(new high),AMD,NCTY,LRCX,HPQ(breakout),NVDA,NVTL,CIEN ,AAPL ....all were very strong ....
I hope that you are following a "working strategy"......my suggestion buy 5 to 7 stocks and keep locking PROFITS....and reenter when they look ready to be rebought.......
This is going to be a long bull market with SHARP & SWIFT corrections along the WAY to making serious $$$$$$.
Good luck for friday........
Next post @11AM est.
BLOG does not give BUY or SELL.
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1 comment:
SWC had a very nice rally today. This is a great entry for this incredible bullish stock. It can be compared to PCU 4 years ago. Both return 2000% (20 folds) in just 4 years. I have made a very strong case for SWC super bull. Do your own DD on palladium.
Look at this perfect chart
Google keyword pallalunar. And follow the Russian enigma!
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