Markets are taking AIG derivative exposure news in stride.....
When markets do NOT tank on another negative news...then technicians mantra of "third leg down..do NOT hold rear view logic"
Strong techs,Ag & Solar are flying today.......I am sure most "technical pundits are scratching their balding heads"
Stocks turnaround do NOT need approval from technicians...as they CONTINOUSLY look in rear view.......
As I had mentioned several times...that there is NO need to worry about markets...BUT worry a whole lot about stocks.......
Most stocks have found "support".....which IS a clear SIGNAL to me ...to go stock shopping $$$
Technicians CAN wait like IBD for "all clear"...which will NOT come until 1000 dow points HIGHER......
In my portfolio :
AGU UP $1.95
CMED UP 42 cents
CSIQ had a "technical breakout" UP a solid $1.29
LDK UP $1.27
MA UP $1.70
SOLF UP 55 cents..geting near "breakout point of $17.08"
@ 11.24 AM the following are green :
AAPL (citi upgrade),RIMM,SOHU,TSL,VMW,AMAT,ICE,POT,
IGT,WYNN,BIDU,LVS,NYX,SPWR,FSLR,WFR,AMZN,DRYS,
FWLT,STP,LRCX,JDSU,JASO.
Good luck on close.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Stocks are flying off the shelf
Hurray we are up!!!!
Now for a strong close and we will be
in clover!
Green is my favorite color
Madmax
Hi Madmax,
Clearance sale on solar,Ag & techs are OVER......
Prices are going UP !!!!!
Saleem
Nice calls today Saleem. Your pulse on the market action/sectors was right on. Best wishes to you and all blog participants.
Hi Doug,
Thanks for your note.....
I always hope & wish that some investor/traders are taking advantage of my INTUITION 101 based calls ...which IS more powerful than any DOTS or LINES.
Saleem
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