Monday, July 14, 2008

Markets building SUPPORT......

Markets are in building support phase.......

Technicians/Hedge funds are STILL selling every rally to take the markets LOWER.....

Will they succeed in tanking the markets further????

I have serious doubt.....maybe a TOKEN low but nothing to hang their hat on......

This week IS very important for base building in markets......
IF markets do NOT hit new LOWS in a meaningful manner...then those waiting on sidelines will feel SAFE to do some buying !!!!

Next week will be very INTERESTING !!!!

In my portfolio :

Added 8% more SOL @ open...my cost went down to $19.42.....

AAPL UP $3.46 after reporting a very impressive 1 million 3G iphone sales in 3 days...Sales of add-on Application was also beyond any prediction......

SOL UP 58 cents

HOD.TO UP 3 cents

@11.29AM the following stocks on my watch list is green:

CSIQ(pre-release of Q2 results guiding higher for FY 08),
SOLF(announced contract),TOL,JASO,VMW,LDK,POT,
IPI,CCJ,JRCC,NDAQ,MA,AUY,ABX,FSLR,ISRG,AGU.

BLOG does NOT give buy or sell.

Saleem

2 comments:

madmax said...

SALEEM

Hows things looking?/
It has been a disapointing day, I was hoping for a huge come back
M

Stocks100 said...

Hi Madmax,

Markets are trying to build support...& it IS looking OK....

OIL holds the KEY to this market...

OIL TUMBLES Market goes UP!!!!

Keep the faith !!!

Saleem