Thursday, October 16, 2008

S&P retested support @ 867.05..IS that IT ???

Markets are following text book technical RETEST/SUPPORT in a hurry.....

Higher LOW is always a "good thing"...

S&P 500 52 week low was 839.80....so any support like 867.05 is HIGHER low.....

Markets are presenting an opportunity of CENTURY to buy good quality stocks in many sectors..

In my portfolio :

PHM Down 11 cents

NDN UP 29 cents

SOL UP 29 cents

RIMM Down 70 cents

UYG Down 67 cents

@ 11.39 AM following are green in my watch list :

STP,WFR,V,ICE,YHOO,LVS,SPWRA,FSLR,ISRG,
IBN,CMED,DUG,SDS,DXD.

BLOG does NOT give buy or sell.

Saleem

4 comments:

standardshigh said...

Hi Max,

Do you mean DSX? not DIA?

Standards

madmax said...

Standard

I meant DSX

Sorry about that
Looks to me like QLD found support at $28.27 look out for a run soon!

We may get a green close today

PLease look at the volume and you tell me
'Volume is huge here!
Comments

Anonymous said...

Saleem, Max & Standards

We got our FTD. Will the new leaders please step forward. Hope everyone had a good day.

Victor

Stocks100 said...

Hi Victor,

What a re-assuring day in markets for all believers.

Saleem