Markets are showing green to believers.....inspite of many negative predictions by "technicians"..
The famous "downleg to S&P 500 to below 1100....is NOT happening"
I am sure technicians are wondering WHY........
Charts can only take you so far.......
It IS the fundamentals of US & World economy which is giving "support to markets"
But chartist...do NOT believe in fundamentals......
Please do NOT be stubborn like technicians or Jimmy the Cramer who has been HARPING SHLD,NYX & LVLT for two years inspite of "horrific TAPE"......
Being stubborn & fighting the TAPE can & DOES cost you serious money.......FWIW
In my portfolio :
AGU rating 65/45 target $69.85...reports before open feb 13
CMED rating 90/85 target $55.89
CSIQ rating 75/50 "confirmed breakout"target $23.27
LDK rating 60/55 target $43.69
MA rating 75/30 target $223.15
SOLF rating 100/60 "confirmed breakout" target $21.77
In other stock :
JASO rating 70/45 target $20.27........
POT,MOS,AG,TRA all on fire on extremely bullish statement by CEO of POT......
FSLR,SPWR,JASO,STP,TSL,WFR all on fire on positive note & expectations by analyst......
AAPL,RIMM,BIDU,SOHU,ICE,LVS,FWLT,DRYS,DSX were looking good......
Todays close gave me lot of HOPE for this market.......All we need is a strong close again on tuesday...to confirm a "firm base"........
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
This is encouraging to see. As the market bases, the leaders are getting picked up ahead of a broad based advance in the future. Nice. Better week ahead.
Standards
Hi Standards,
Yes...the long painful nightmare is coming to an end.
Looks good for future tape action.
Saleem
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