Tuesday, January 6, 2009

Terrible economic reports...but markets staying GREEN !!!

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:

madmax said...

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

Stocks100 said...

Hi Madmax,

Dry shippers are the-strongest sector...China & world economy on the mend !!!!

Saleem