Markets closed GREEN !!!!

S&P 500 climbed back UP to 1397.68.....

Markets stayed green inspite of Oil @ another record HIGH....

US$ is rallying also which IS good for the market......

Commodities are still in high gear......

In my portfolio :

I had to sell TSO today and take a loss of $4 per share because my thesis of owning TSO is not panning out......Oil is not coming down which will continue to hurt refining margins....it is already one week in May and there is NO letup in OIL.....this means another Q of loss for TSO.....my thesis was that Oil will NOT go above $110.....and refining margins will improve from that point ON......Cannot tie up capital on a so so scenario....so moved ON.....

Bought RIMM again today after a very good 90 minutes trade....my cost is $130.36

My portfolio is NTES,RIMM,SOL,TOL,V.......

NTES rating 35/30 target $24.34

RIMM rating 70/45 rated for a BREAKOUT @ $135.15 for a target of $150.00

SOL No TA too new.....

TOL rating 50/80 target $27.25

V No TA too new.....

In other stocks :

BRCM rating 65/80 target $28.61

FMCN rating 20/30 target $41.43

MRVL rating 25/30 target $13.67

EGO rating 70/30 target $7.77

Strong stocks were CSIQ,MA,ENER,AAPL,GOOG,SOHU,X,AUY,GG,ABX,
FFIV.....

AH PCLN is flying on good ER....

BLOG does NOT give buy or sell.

Saleem