Market are certainly looking forward to resolution of pressing economic challenges....
Home price news was Down almost 17% yoy...
BHP cancels merger with Rio Tinto....
GDP came in @ negative .5%.......
BUT.....
Markets are TRYING to digest all these NEGATIVE news ????
SIGN of good things to come in markets.....
Most technicians like Carter Worth & others are predicting rangebound markets ......
SO.....
The question IS....
If all followers of Jimmy the Cramer & other technicians SOLD or are selling.....then where will be the next wave of selling to come FROM?????looks like there will be more buyers in future???
I personally think that markets are digesting gains & negative economic news today....
Markets will work its way higher going forward with usual back & forth tape.
Obama announced OMB appointments today and answered TOUGH questions with EASE & CONFIDENCE...another CONFIDENCE building MOMENT....
In my portfolio :
Added more HOU.TO cost went down $5.50
Bought another ETF HSU.TO a double bull on S&P 500..cost $6.84
HOU.TO Down 53 cents
HXU.TO Down 31 cents
HQU.TO Down 16 cents
HJU.TO Down 15 cents
HSU.TO unchanged...I am down 28 cents per share
@ 12.37 PM following are green in my watch list :
MON,IPI,GOOG,BIDU,GS,MA,V,TOL,PHM,LVS,SGP,
STP,YGE,C,CTRN,ICE,JRCC,XLF,FWLT.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Starting to feel wealthy again in ATL, gas today at $1.66 Yahoo!
Dad home from hospital. Feeling better. Mobile again.
You watch list shows the popular issues are being nibbled on for future profits. Buffitt bought GS at $115, we can get it for $60+!
Best Regards
Hi Standards,
$1.66 gas is unreal bargain....
Nice to know that your dad is home..give my regards to him.
Bargain galore all around.
Saleem
Standards
Glad of the good news about your DAD--great.
The Veterans at WRAMC today are doing well I visited several wounded patients they got happy when I gave them a DVD player.
It makes me happy to see their face light up when they get a TV and dvd to play.
Gas is DC is $1.96--- cars are crowed on our roads
No recession here!!!!!!!
I like QLD and I tried to get me Citi bank today
that should be a great trun around story
J Cramer loves it
Peace to all
Hi Carlton,
Great thoughtful approach of DVD with people who need to CHEER up & know that someone CARES.
Saleem
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