Dow had a 335 points intraday swing....closing near high of +164 points...
This was again a classic bear market reversal from near 52 week LOW....
It has been a long time since we ended the week on an UPTREND.....
Gold went well below support to $744 area....oversold & washed out.....reversal is coming @ a gold jeweller near you.......
Oil also is washed out by kissing $100 today.....reversal coming near your favourite gas station...
Ag stocks found footing & reversed......
Refiners were strong.....
Solar had a weak green day.....
Solar conference in Spain & Germany NOT giving a lift to this sector???
RIMM,QCOM,AMZN, were the superstars in techs......
My portfolio remained :
RIMM.... Technology..Smart phone..announced a Flip Pearl smartphone which looks stunning..BOLD as known to everyone except CNBC...comes out in Oct as scheduled to accommodate ATT need for certifications......to ensure 3G & other speed & software/hardware requirements....
PMCS..Technology...Sells chips to telecom for Fibre to Home in Asian growth of broadband...
GG..Gold producer with low cost & increasing production profile.....
SOL..Solar ...Wafer producer for solar PVC maker like STP,SOLF.....
CSIQ..Solar...Integrated maker of PVC..heavy emphasis in Spain....
Solar stocks are also affected by the strength of US$ against Euro materially...which will affect EPS due to less favourable exchange rate than last Q......
BLOG does NOT give buy or sell.
Saleem
Hi salim ,all
ReplyDeleteIs there any good stock to make money today. I think market will down tripple digit today. BAC might go below 32 .
Thanxs
Hi Saleem,
ReplyDeleteIs this a good time to buy a little bit of AAPL?
Thanks,
DM101
Hi Ds,
ReplyDeleteWhen you are sure of triple digit loss...QID,DXD,SDS are good plays...
Saleem
Hi Dm,
ReplyDeleteAround $145 AAPL has major support.
It is oversold....risk/reward IS good.
Saleem
Hi all
ReplyDeletebought back BAC, FWLT and sold with profit. Market is for day trader. I got in csiq yesterday but sold ealrly with small profit. Thanxs