Markets got slew of bad economic data which erased all the gains....but indices are showing GREEN after digesting reaction to data.....
Indices wants to go higher as most deeply negative economic data are discounted already...
Shipping stocks are strong again....feel sorry for Macke who is short....
Big techs are strong.....
Solar are selling off based on LDK guidance for 09....
In my portfolio :
Bought TAN ETF of Solar stocks which has FSLR,SPWRA,ENER,STP,LDK,Q-Cel,WFR & others my cost $9.30.....reason for buying that most of the bad news are OUT in this sector with LDK guidance for 2009...
HEU UP 21 cents
HQU Down 2 cents..reflecting strength in Canadian $
HMU UP $1.50
HOU UP 42 cents
EGLE UP 65 cents
URE UP 17 cents
TAN Down 35 cents ..I am down 11 cents
US$ is down against Canadian $ ..CAD UP 56 tick..putting $ in my portfolio....
@ 11.44 AM following are green in my watch list:
AAPL,RIMM,WFR,V,C,IGT,WYNN,MA,WYN,NYX,
VLO,SNE,GS,GOOG,FWLT,IBN,IPI,DIG,SNY,UYM,UYG.
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
The BDI is going up again
hurray more upside to the DRY shippers
06 January 2009
Baltic Dry Index (BDI) +3 775
Rates
BCI
(Cape index)
BPI
(Panamax index)
BSI
(Supramax index)
INDEX
1406
+20
525
0
395
-8
SPOT 4 TCE AVG (USD)
9406
+172
4197
-4
4135
-76
YESTERDAY (USD)
9234
4201
4211
YEAR AGO (USD)
147725
65534 58373
Hi Madmax,
Dry shippers are the-strongest sector...China & world economy on the mend !!!!
Saleem
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