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
5 comments:
Hi salim ,all
Is there any good stock to make money today. I think market will down tripple digit today. BAC might go below 32 .
Thanxs
Hi Saleem,
Is this a good time to buy a little bit of AAPL?
Thanks,
DM101
Hi Ds,
When you are sure of triple digit loss...QID,DXD,SDS are good plays...
Saleem
Hi Dm,
Around $145 AAPL has major support.
It is oversold....risk/reward IS good.
Saleem
Hi all
bought back BAC, FWLT and sold with profit. Market is for day trader. I got in csiq yesterday but sold ealrly with small profit. Thanxs
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