Wednesday, July 16, 2008

S&P 500 @ 1223.02.... so far so good !!!

S&P 500 went down to 1211.57 and headed back UP......a good technical picture !!!

When everyone is sure....that market IS going DOWN......that is when markets proves skeptics WRONG......

Oil took a "huge Hit of $6++" on bulging inventory......or "demand destruction"

This weekend US & Iranian officials are meeting in Geneva to call a "truce" in propaganda war....this will put further pressure on Oil prices..

Prediction for Oil price IS to go to $129 where support exist.....

In my portfolio :

AAPL UP 35 cents

SOL UP $1.08

HOD.TO UP 45 cents

@ 11.26 AM the following stocks are green :

C,FNM,FRE,GM,XLF,UYG,TOL,MRVL,CSIQ,
JASO,YGE,SOLF,WFR,V,CTRN,ICE,YHOO,
WYNN,NDAQ,TKC,MA,BIDU,LVS,SOHU,NYX,
NMX,FSLR,SPWR,ISRG,AMZN,VAR,IBN,
GOOG,QLD,DUG,LRCX,GRMN.

BLOG does NOT give buy or sell.

Saleem

4 comments:

madmax said...

SLEEM

Good luck on your oil position
Looks like it will be a winner

we need some $$$$$

Stocks100 said...

Hi Madmax,

Thanks for your best wishes for my BEAR ETF on NYMEX crude....

AAPL is lagging due to ER on monday!!!

Saleem

madmax said...

SALEEM

Looks like my GS is on fire here yasa!!!!

MON is still very week!!
Visa seems to be braeking out lets rock

M

Stocks100 said...

Hi Madmax,

Yes...your portfolio IS doing good!!!

You will be counting serious change @ close $$$$$

Saleem