Markets as expected took off after fighting huge negative forces on Monday......
All indices are UP over 2.2% or more......
Up volume are crushing down volume by HUGE margin......
Advancing issues are almost 9 times more than decliners......
These are extremely strong internals...........
@ 2.15PM Fed will cut fed funds by minimum 75 basis.....which will propel this market further UP....hopefully !!!!
I will post my comments on Fed funds CUT @ 3 PM post.......
In my portfolio :
CSIQ UP 56 cents +3.0%
CMED UP 52 cents +1.3%
NVDA UP 18 cents +1.0%
RIMM UP $4.67 +4.7%
TOL UP $2.11 +10.9%
Overall portfolio UP +5.9%
Why am I analyzing $ gain + % gain of each stock...this way you can see which stocks are stronger & by how much..... and how YOUR stocks are faring against the Market gain % & $ wise !!!
@11.27AM the following are green :
EGO,LDK,JNPR,FMCN,BRCM,TSL,C,GS,LEH,DELL,SNDK,VMW,
MTU,AMAT,CTRN,ICE,YHOO,PHM,AAPL,IGT,TSO,WYNN,
LVS,POT,NYX(huge stock buyback & increase in dividend),NMX,
VLO,SPWR,FSLR,ISRG,XLF,SNE,AMZN,IFN,DRYS,GOOG,FWLT,
MA,EZA,STP,SNDA,NDAQ,CIEN,JASO,FXI.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem,
Ive got some cash I would like to put to work, do you have a stock in mind that might be a good short term buy at the current price for a trade? thanks for your thoughts.
Hi Doug,
When Dow is @ +290...most of the stocks have made their moves already......
Some of the laggards today are BIDU,DRYS,POT.......
Maybe you can put equal ammount in all 3 then it may work out.....
You need to be in strongest stock...get rid of all "bargains"
Saleem
I just sold ESLR. Sold MA this morning. So I am HCBK and small bit of SDS. I will look at the three you listed. Thanks much for feedback and ideas.
Im taking a stab at MA. IH is in @ $208 and change, so I figure why not. It ran a couple of days ago to $215. Maybe I'll get lucky in the afternoon. LOL. Im in @ $203.50. Wish me luck. LOL.
Hi Doug,
MA has been UP all along.....so it may NOT go UP as much as other stocks.....
Try some Ultra long ideas..like QLD,FXI etc....they are all flying..
You need more than one stock to make you serious money.....
We have started a bull tape and you NEED to be positioned accordingly in MANY long positions ..imho
Do NOT be trigger happy....let the winners RUN......
Minimum 5 stocks is what will do it ..NOT a concentrated position...FWIW
Saleem
ok saleem,
sold SDS and bought QLD. Thanks for strategizing with me. I am HCBK, MA and QLD.
Hi Doug,
I am glad that you are positioned MUCH better than before.....
Stay PUT in all 3 !!!
Saleem
Thanks Saleem,
Is the tide turning.... all in all a good move by FED, what do you guys think?
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