There is celebration from some pundit that market gave back from 1.55% to 2.72%.....advocating taking profit after each day of gain IS not proving to be a wise approach as markets have been UP majority of days......
BRCM,TXN warned and were UP nicely.....NSM missed by a mile and is UP sharply...all this in a day when all indices were down.....????
As I have mentioned many times..."listen closely to the message of the market"......when stocks go UP on bad ER & WARNING....it is time to take notice.....
AG were UP on bad tape ????
Shipping stocks were UP on bad tape????
Gold UP on bad tape?????
It is time to IGNORE TV pundits and start your OWN game plan......
Carter Worth Oppenheimer's technician is seeing positives in this TAPE.......
Instead of chasing stocks on a daily basis .....develop a long term plan !!!!
I AM sticking to my ETF plan......as they are ridiculously cheap!!!!
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Yes Shipping & AG up, BDI turns up today after many down days. Not much of a move up, but it's something. Heading to Oklahoma City, will let you know how they look. Grapes of Wrath again? Not likely.
Best Regards
Hi Standards,
Have a safe trip to Oklahoma city..let us hope that media is not killing dreams of hard working people there!!!
Saleem
HELLO ALL
when all around you are losing there heads it is time to buy. Blood is in the streets.
I like the 35% jump that DSX has made 2 days up all DRYS stocks up huge
PEW has a buyer if stock at a $21.12 premium. Hmmm.
Traffic in DC is back to traffic jams and SUV's galore... Gas is dirt cheep! $1.70 and under
I love my QLD looking for another romp today
Care to join me any one?
Cheers
Hi Madmax,
Yes...DSX & DRYS are flying !!!
I have HQU.TO which is ETF for Nasdaq 100.....and that is 29% of my portfolio.....
It is not BLOOD...but STUPIDITY is reigning supreme when it comes to market opinions????
Saleem
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