Today was "bear's NIGHTMARE"????
Oil UP $5
Dow UP 186
What BULLS were smoking today......
Must be the CONFIDENCE stuff...
Bear with all their MIGHTY $$$$ tried to bring the market DOWN...but they left the building with "no money for Mercedes/Lexus/Mansion"...nice , nice & VERY NICE !!!!
Today BEAR will rethink all their "short positions in many stocks"
So Thursday COULD see a Major "short covering RALLY"
In my portfolio :
Sold F and booked a loss of 24 cents per share...It reversed while market was near high in early going.....not liked the technical breakdown...have to pay attention to TAPE all the time.....
Bought Short position in Nymex crude when Oil was above $127 by buying my fav ETF HOD.TO ..my cost $8.36 missed absolute LOD by 10 cents....
My portfolio is RIMM,SOL & HOD.TO
SOL rating 30/80 target $20.13
RIMM rating 50/45 target $130.52
HOD.TO No TA.....Crude was UP sharply on major short covering...expecting it to pull back to $121 area...where I MAY exit......
FSLR had blowout ER...UP $27
V had good ER UP $3.50
MA reports before Open...expect Good ER
AKAM was the disaster Down almost $6
GRMN tanked almost $10 on weak guidance
Oil,Nat Gas,Ag & select tech took off.......
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Maybe mu 300 sahrs of VISA will pay off....Hmmmm
SMILE
AAPL still rules and maybe it will propel upwards today...
HAL is having trouble blasting upwards --my PQ is looking up--I do not think oils are dead money at this point they sold off way to much--gotta be careful my friend
thanks fo the Visa news
Lets hope my Monsanto shares continue to pop!!
Cheers
Hi Madmax,
Markets should be FINE by close.
I am staying highly focussed in few stocks until dust clears.
Oil will head towards $100 gradually...but Oil/Gas stocks will remain a good daytrade.
Good luck with V,PQ,MON.....
SOL IS looking way UP $$$$$
Saleem
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