Markets are poised to reach "heights which was unthinkable last monday"
Bears were "rampant"........
Doug Kass,Gartman,Fast Money were all "happy with their DOG,QID,PUTS and many other so-called insurance"
All of the above are still "fighting the tape to the detriment of their financial being"
AND.....they are still giving giving "direction to buy HD and other DOGS of the dow & markets"
Techs are racing to "new highs".......
Today I added 15% more NMX @ open...now my cost is $124.22......there is two reason...I am accumulating NMX...first it is "deeply oversold"RSI is lower than 50......and then the "juice of takeover by either NYX,CME,Dubai mercantile or Qatar funds.......
NVT is UP $1.36...ready for takeoff......nice pullback below $70 to test support and NOW it is "showtime"...got a new contract today for its "digital navigational solution"..Christmas sale will be in "record territory".....
FMCN is " running away " UP $1.74......it is the most "undervalued Chinese growth company" only $3.84 from its all-time HIGH $$$$$
SNDK meandering down 71 Cents.....inspite of positive fundamental news today...see TA do matter !!!
WFR is the "superstar UP $1.82"...it is the biggest laggard in Solar sector...inspite of being the biggest "silicon wafer maker"...and supplier to the the biggest volume solar panel producer...Wafer spot price is in record territory......which also benefits WFR......plus it supplies wafer to semiconductor industry.....which is also booming due to Xmas sale....
NMX UP $1.93......on above average volume...so far.....
SWIR close to flat line...... after getting drubbing due to secondary..day 3 of selloff today....ready to TURN $$$$
In other stocks which I monitor @ 11.15AM are:
AAPL new HIGH.....
GOOG New High...
BIDU New High....
VMW new high....after I sold yesterday...perfect timing ???
LVS new high...Adelson 3rd richest man in USA......
RIMM new high......
NVDA UP...testing its resistance @ $36 !!!!
Other green TSL,MPEL,ICE,CTRP(new high),WYNN,NYX,GRMN(new high),
FSLR,SOHU (new high),SNDA (new high),STP (almost kissing new high),
JASO.
New HIGHS list is bloating today....buy the strength...stay DIVERSIFIED $$$$
BLOG does not give buy or sell,
Good luck on this "non insurance day"$$$$$
Saleem
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