Markets crossed many strong resistance today.......
Many shorts or naysayers will wait for Monday's close to believe that this rally "is for real"....
Serious short covering will start sometime next week......which will fuel this rally much much higher.......
The way things are shaping UP.....we SHOULD cross many technical hurdles on our way to higher highs.......
This has the feel of a real meltUP rally.......
Position accordingly to benefit next week......
NASDAQ outperformed other indices by far !!!!
In my portfolio :
Bought PMCS cost $7.43
Portfolio is :
BRCM,EGO,ICO,JNPR,PMCS,SNDK,SEED,TSO,TOL,V........
So...I have 10 stocks now....It will be interesting to see which ones will outperform or lag the indices......
BRCM rating 35/30 target $27.21
JNPR rating 55/45 target $26.30
PMCS rating 5/30 target $9.23
EGO rating 25/70 rated for a "breakout" @ $7.60 for a target of $8.34
SNDK rating 35/30 target $30.05
SEED rating 45/100 target $7.19
TSO rating 45/55 target $31.65
www.stockconsultant.com allows only 7 free technical read so no TA on V(too new),ICO or TOL....
Strong stocks were GOOG,BIDU,POT,MA,AAPL,QLD,GS,RIMM,
STP,GRMN,VMW,SINA,JASO,SOL,SPWR,WFR,FFIV,C,AMZN,
DRYS,FWLT.......
10AM Saturday...I will post a list of technically weak/strong & buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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