Markets are trading in a very narrow range of S&P 500 ..1370 to 1400 back & forth???
News on Lehman & Wachovia have been negative lately...impacting financials.....
Markets will NOT rally unless financials participate......
Markets made an effort of rallying into close ......
In my portfolio :
AAPL rating 35/90 target $206.11
RIMM rating 45/85 target $149.25
SOL No TA.....SOL showed relative strength by closing UP.....
Strong stocks were POT,AGU,MOS,FSLR,TSL,BIDU,V,DUG,X,
NYX,GRMN,SOHU......
BLOG does NOT give buy or sell.
Saleem
GOOD Morning SALEEM
ReplyDeleteHow is your mother doing?? I hope real good!
Market looks week over all. To many nay sayers on TV
they seem to be talking the market down, all negative talk.
I sent you some IBD stuff on RIMM. this is important:
It's trading below its cup-with-handle buy point right now. It's not unusual for stocks to break out, rally, then pull back to the buy point. If it rebounds, watch for heavy volume.
Remember: Until the indexes have followed through on the current rally attempt, hold off on making new buys!
Peace to all: Lets hope for a positive market today
Hi Madmax,
ReplyDeleteMother is progressing well on her recovery.Thanks for your concern for her welfare.
Thanks for RIMM CUP & HANDLE note...I did watch that video last night...where they actually showed how & where it was formed on the chart....
As to markets....they are controlled by big money ...it will go UP when they have accumulated "enough cheap shares from retail"
Saleem
You are welcome Saleem
ReplyDeleteYes the market is swalling up shares cheep.
lets go green!
market on on fire
ReplyDeleteFianlly financials are up
GS is up as is QLD, AAPL and RIMM
SOL will close green too.
My nat gas plays are ok, RRC, XTO, OII and PQ
Great days are coming
Hi Madmax,
ReplyDeleteThey take it down...and they take it UP...we are just an spectator in this game....
Oil slump should help investors/consumers sentiment!!!
Saleem
TSO is attreacticve here??
ReplyDeleteSaleem what do you think it seems like hte rtefinerts have had a run
But this could be the beginning of more to come
Thoughts
Hi Mamax,
ReplyDeleteTSO is "overbought".....wait 3 days before buying.....
Saleem