Tuesday, December 16, 2008

S&P 500 UP 23.2% @ close today from LOW....can we say BULL market ???

Market gave a "BIG thumbs UP" to Fed aggressive slashing of interest rates & pledge to do whatever it takes to get the economy moving AGAIN.......

Markets were UP from anywhere from 4% to 6%+++...

Advancers led decliners by 5 TO 1.....

A nice solid rally overall......

S&P 500 is UP 23.2% from Low @ close today...

US$ took it on the CHIN big time to lowest level in months.....My US$ short is working like a CHARM now......

Gold,AG,Dryships,Techs,Financials were all STRONG....Nice to see all sectors participating in this BREAKOUT rally beyond 900 on S&P 500......GREAT confidence builder for investors/traders...

Another strong day on wed is in the cards.......

BLOG does NOT give buy or sell.

Saleem
at

5 comments:

  1. MadmaxDecember 16, 2008 at 6:00 PM

    SALEMM
    Hurray

    We are back in the game---smile

    Lets hope the market believes

    Cheers

    ReplyDelete
  2. Stocks100December 16, 2008 at 6:05 PM

    Hi Madmax,

    We have moved above 50DMA on key index...

    Saleem

    ReplyDelete
  3. standardshighDecember 16, 2008 at 7:49 PM

    Hi Saleem,

    BDI moving up quickly now. Stay tuned for further increases.

    Best Regards

    ReplyDelete
  4. Stocks100December 17, 2008 at 5:33 AM

    Hi Standards,

    Thanks for the Baltic updates...it IS pointing to IMPENDING improvement in industrial activity worldwide.

    Saleem

    ReplyDelete
  5. MadmaxDecember 17, 2008 at 9:23 AM

    HELLO ALL

    Not only BDI rates are up
    Look at DRYS, DSX EGL EXM SSW-wow

    NAT FRO VLCCF up some too!

    Good things are coming to us.

    I like the AG's here nice action! LVS is showing signs of life after a lousy earning outlook by Bloom-berg

    Peace top all cheers

    ReplyDelete