Indices are trading in a defined range of 860 to 940 in S&P 500......
Today we found support near 864 in S&P 500???/
Many technicians have recognized this trading range and they have buy & sell orders executed based on this model......
This market is becoming technically driven...nothing to do with fundamentals.....so benefit from these well-defined trend lines......
Who said...technicians are NOT rich....this is an ideal market for technicians.....
One more thing that I have observed about S&P 500 it IS an ascending slope..means higher lows & higher highs each time.....check the chart....thou shall SMILE !!!!!
In my portfolio :
HEU UP 24 cents
HGU UP 60 cents
TAN Down 14 cents
EGLE UP 26 cents
URE UP 24 cents
Canadian $ weak again against US$..down 69 tick so far....showing support around these level...
Gold is UP $5
Oil is UP $1
Solar stocks are weak again....But looks like it has found support & MAY turn UP...
@12.04...following are green in my watch list :
KGC,GG,AUY,ABX,NEM,AEM,POT,C,TKC,CTRN,ICE,
CCJ,JRCC,NDAQ,BIDU,LVS,VLO,ISRG,GS,VAR,GOOG,
FWLT,MON,AGU,IPI,DIG,GNK.
BLOG does NOT give buy or sell.
Saleem
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