Markets are NOT afraid of BEARS.....who have been short for 5 day's NOW...remember the famous call "SHORT S&P 500 @ 860....Today S&P 500 closed @ 896.22......
NASDAQ closed UP 4 out of 5 day's in a row......
All indices closed near High of the day..NASDAQ closed @ the highest level.....
Toronto markets will go ON till 4PM.....
AAPL & RIMM were RED.....still NASDAQ closed GREEN & HOD...
Markets are looking BEYOND economic reports which will be negative for few more months....
OIL pulled back today.....but it is coming back from the LOD...
GOLD continues its ramp UP...
Potash commodity prices are near HIGH still.
Canadian politics is a minor negative for Canadian $ today...I expect Canadian $ to be very strong on Monday based on our GDP report to be released on Monday before open....Canadian economy IS in much better shape than rest of the world.....
In my ETF portfolio @ 1.13PM :
HXU.TO UP 37 cents
HOU.TO Down 28 cents
HSU.TO UP 14 cents
HQU.TO Down 25 cents
HJU.TO Down 30 cents
BLOG does NOT give buy or sell.
By 10AM Saturday..I will list technically weak/strong/buy rated stocks.
Saleem
5 comments:
Hi slim ,all
what do you guys thinking of FNM and AIG ?????I like both. Bought AIG .I sold C VERY CHEAP IN premarket at 7.07 I think not a good idea to sell in pre market. thanxs.
sorry guys . By mistaken bought FNM rather the AIG.
Hi Ds,
Markets are STABLE now & trending UP.....
Patience will reward $$$$
Buy what you understand & rationale of buying.....
Good luck with FNM !!!
Saleem
Hi salim
I like your advise because you understand the fundamental.I made money listening you. I like your advise about AIG, FNM.
I do not understand fundamental. I follow volume and momentum. I just sold FNM because by mistaken bought FnM at 1.20 ,out 1.27.
thanxs
Hi Ds,
Volume & momentum buying is also a great strategy....
We all need confidence in our strategy.....
Daytrading IS very profitable ..if you execute with discipline.....
Good luck with your MOMO strategy $$$
Saleem
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