Today's rally upset Jimmy the Cramer and fast money gang......
They were all caught with their QID/DOG/PUTS etc......
They were all looking "very unhappy" and were talking down this "huge rally into trivia"
They are further warning all listeners that rally has NO legs.....1490 tops on S&P......Macke is a "genius...so we must listen to him......
They are "furious that even today's rally happened without their permission"...
All I can tell is "tough luck to Fast & Mad money crowd...and suggest that they should double down on short trade and get all their buddies in more deep...then we will have more fun"
We had one of the best "rally in a long time"...it took out several resistance along the way...nice nice & very nice $$$$
Next resistance on S&P 500 is 1510..not Macke imaginary 1490 ????
In my portfolio :
FMCN UP $5.54..went through 50dma on heavy volume....
SINA UP $5.48 on heavy volume ...went through 50dma ...reports AH wed....expect a beat & higher guidance.....
CMED UP 97 Cents on low volume......closed above 50 dma....
RIMM UP $9.95 on heavy volume and went through 50 DMA easily.....
AAPL UP $16.20 on heavy volume....went above 50dma on heavy volume....CHL is teaming with AAPL for iphone in China....
My portfolio was UP 7.9% after deducting .9% for my short Canadian $...which went against me today.....
Among other strong stocks :
BIDU UP $39.95
GOOG UP $28.48
DRYS UP $14.61
POT UP $9.34
ISRG UP $9.09
GRMN UP $3.74
FSLR UP $10.37
SOHU UP $5.35
LVS UP $5.09
CTRP UP $4.79
We should have a strong close again......
BLOG does not give buy or sell.
Saleem
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