Monday, February 11, 2008

Markets showing "green" inspite of many negative predictions???

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:

standardshigh said...

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

Stocks100 said...

Hi Standards,

Yes...the long painful nightmare is coming to an end.

Looks good for future tape action.

Saleem