Markets were in a coma again except for financials stocks.....
They are marching to their OWN tune which defies gravity ????
Markets are becoming trading environment every hour......
Many sectors are sold off sharply......thanks to China being on hold for Olympics & ready to charge UP.....
Solar stocks.... looks like washed out again & again......is this the final flush out of weak & nervous holders???
In my portfolio :
CSIQ rating 30/95 target $43.14
SOL rating 45/95 target $28.38
Technology stocks are having a very bad week...down down & down.....
Market is gearing UP for a strong two day's......
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Brothers,
FRE sold another $3B in notes easily today. These are two year notes. Only big players buy this stuff. Maybe things are not as bad as hyped?
SOL took a hit. Good entry point? Market was coming back in the last hour to finish in the green.
Have a profitable week.
Hi Standards,
FRE is upto major financial makeover???
It is very enticing to buy !!!!
Saleem
Hi Saleem,
Winds are changing. Volume today on FRE 138M, avg is 76M. Moving upward. If the shorts start to panic, this stock could blast off. I hope. :)
Best Regards
HEY Standards
You are a trader and I take my hat off to ya.
This market is really hard to work with I am sitting in hte red and will wait it out. As they say come to papa! smile
I was hoping for recovery in VISA and GS--not!
DC gas price is $3.50 and food is out rageous - spent $250 for a shoping cart of food last night, ugh
Good luck to all Saleem how is Mother I hope fine!
Hi Madmax,
What's wrong with V? Nothing. It's just oscillating between 68 > 75 region. I'm trying to get back in at the high 60's then sell at 75. Over and over again if possible.
Best regards.
Hi Madmax,
Thanks for asking about my mother's health...she is doing much better.
This market IS way tougher than what I thought......
It is below support now.
Saleem
Hi All,
Market looks focused on the bad news and forgets the rest. Productivity is up, labor costs down, slight increase in unemployment. No news to create this type of downtrend so fast, no I believe a 500 point decline is an opportunity here. Way oversold like before. Bottoming yet again. IMHO.
Best Regards
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