Markets are still showing fear & lack of confidence as margin calls are enforced on a daily basis because we closed LOWER & going to NEW LOWS daily.....lows begets more margin calls for hedge funds & retail.....
This vicious cycle of selling will stop only when we close HIGHER.......Could today be the first day of closing higher...remains to be seen.....
The good news is that Techs,Solar ,Ag,Medical Device maker have found support and are hungry to go higher even in bad tape......so it IS a stock pickers market from hereon.......pay attention to TAPE NOT indices....IGNORE CNBC pundits sell,sell,sell mantra...it IS buy,buy,buy NOW......
In my portfolio :
Added more SOL..cost went down to $12.05
PHM Down 52 cents
RIMM UP $3.25 cents
SOL Up 25 cents
@ 11.50 AM the following are green in my watch list :
AAPL,POT,BRC,JNPR,STP,JASO,WFR,V,CCJ,JRCC,
WYNN,NDAQ,MA,BIDU,SOHU,SPWR,FSLR,ISRG,
SNE,GOOG,FWLT,CSIQ,AGU,QLD,DUG,IPI,LDK,
SNDK.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi salim all
I think it is time to buy solor sector. Bought, MSFT,,BAC LDK. thanxs.
Hi Ds,
Good luck on your trades.....
Yes...tie to buy is NOW before the HERD !!!
Saleem
Ds
Wow good pick on LDK up $1.41
Stocks re so way over sold here
I am betting on a green close
Any one else care to voice an opinion
M
TO ALL
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Comments appreciated!
MON will bring a nice return here!
M
SORRY
MON is rated as an outperform
JMHO it is a buy
great day trade too
Hi all,
Looks like capitulation coming up.
SEC should have extended short rule.
Hi All,
Bought SOL avg cost $12.25
Have a great day
Hi Standards,
We think alike.....
Good luck with SOL !!!
Saleem
Hi Saleem,
Thanks, you too.
Not sure if this is the end. A down spike will trip many margin calls leading to further downside risk. On a normal correction, this would be past the point of oversold. But this is not a normal time period. The elimination of the uptick rule by special interests last year was a very bad decision. Now there are no checks and balances. We could be at 8000 by Friday afternoon.
Have a great day!
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