Markets staged a "stunning rally"with advancing volume was ahead by 35.56 to 1 on NASDAQ & 18.96 to 1 on NYSE......
Every sector except Gold participated in this HUGE RUNUP......
Today's gain of 11.58% on S&P 500 is highest one day gain in decades......
Volume was respectable also ...considering it was Columbus day in US & Thanksgiving holiday in Canada.......
This kind of RUNUP does NOT end in a day......this IS a TURNAROUND which will take index much HIGHER with normal profit taking.....
Please do NOT pay attention to PUNDITS who said NOT to buy CHK yesterday which went UP 22.28% in reg hours...... and now telling everyone to buy AH...complete FLIP FLOP in 24 hours....
Also pundit Jimmy the Cramer is saying that we could have a 900 point drop also in a day.....what a thoughtless nonsense...we NEVER dropped 900 in recent mayhem..so what could create this kind of drop NOW?????
So please.... use a well defined strategy which suits you & your circumstances.....
CNBC believes that everyone is a 5 minute daytrader..based on thesis being presented by Fast/Mad money....
Markets are on the mend based on major effort on the part of EU,US,Middle East,Asia,China & Australia......
It is very nice to see that world has "come TOGETHER" in dealing with financial crisis..which was hurting everybody around the globe......
BLOG does NOT give buy or sell.
Saleem
8 comments:
HOOOORAY
good luck to all.Holding LDK, CSCO,NAT,nrf
thanxs.
SALEEM and all
Looking forward to recovery in market today
I say buy QLD AAPL I also like SOL, V, HAL here.
Get some
J The Cramer make me mad wit his BS market predictions' I hardly tune him and fast money in any more as they give me a headache
Cheers to all
and I appreciate your keeping a cool head all these many months amazing guy you are!!!!
Do you move money in to an out for the market as the conditions change???
Peace to all
Good luck
Hi Ds,
Good luck to you in your trade.
Saleem
Hi Madmax,
Nice to see your note.
Thanks for your complimentary words.
Yes...I do increase & decrease my exposure based on tape.
When S&P 500 cracked 1200...I sold half of my position went from 8 stocks to 3....
I felt very confident near lows so kept my 3 best ideas....
Experience & CALM nature does help me...& TRY to help others.
I got many calls from friends who wanted to sell @ lows...I pursuaded them NOT to ....
Taurus is a very balanced sign..always see good & bad in any situation....
Good luck with yor holdings.
Saleem
dsInbull I as well have NRF. Believe in it but very frustrating
Hi Dug,
Nice to see your note.
Markets have been tough for everyone.
Strong stocks will fare well going forward.
Saleem
Hi salim, all
what you guys buying???Sold everythig in the morning and bought back LDK .Also bougt SOL. Thinking to buy STI. thanxs
Hi Ds,
I bought UYG & NDN....
Saleem
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