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:

  1. 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

    ReplyDelete
  2. Hi Madmax,

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

    Saleem

    ReplyDelete