Existing home sales UP 6.5%..median home prices plunged to $175,400 down 15.3% from a year ago....there is a strong belief that once housing stabilizes then economy will improve also....
LEI also showing sign of life based on increase in money supply......
ARE we getting near TROUGH in economic SLUMP?????
GOLD UP $11+++
OIL UP $1+++
Canadian $ UP against US$.....Canada is tabling its new budget in parliament @ 4 PM Tuesday..which will include many stimulus ..projecting $34 Billion deficit first in 10 years...
Many Gold stocks are downgraded a notch by HSBC...including ABX,KGC.....so gold stocks are RED mostly......
In my portfolio :
HGU Down 40 cents
GERN UP 88 cents
Most stocks are UP......except RIMM,JASO,MA,V,NDN,LULU,DUG,SGP,KGC.....are RED!!!
BLOG does NOT give buy or sell.
Saleem
2 comments:
HELLO to all
Seems lie the market wants to find it bottom right here!
Any one else agree with me?
APPLE was tested today and held strong I am still holding for Par!
I thinking that financials have a floor in also. GS and My DSX is showingg sigs that teh BDI index does NOT lie up we go form here my boys. DSX to $15 and if $15 then on to $20 smackers
Cheers
,
Hi Madmax,
As lomg as indices do NOT break LOWS ...everything will be OK..technically speaking!!!
This market will trade on Technicals for the most part!!!
Yes GNK & DSX are looking much better !!!!
Saleem
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