Markets were in a flattish mode overall with S&P 500 inching towards 50DMA..missed it by a hair....
SOHU & ENER ER was greeted with great enthusiasm ......
Strong stocks today were AAPL,IPI,FSLR,CMED,
GOOG,SOHU,BIDU,GS,EGLE,GNK,ENER.....
Senate vote is all set to pass on Tuesday.....which will be a big relief to the market....too much TV time is given for politicking instead of doing the job.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
POLITICS
that was all about change was it not!!
This is awful -that politics can ruin a great nation like America. $850 trillion.
Gosh what we could all do with that in our pocket
Looking for a monster move in DSX We climbed from $10 to $17, I say $20 is next stop.
the BDI index is up 100% since December!!
The Chinese can not get enough raw materials
Great for the BDI--DSX is a cash king and in a great position to grab ships and business form the weaker carriers
Hi All,
BDI + 159 to 1974 moving up quickly. Gaining almost 10% per day.
Best Regards
Hi Madmax & Standards,
Politics is never a pleasant pursuit.....all agenda driven!!!
Most stocks are RED.....
Saleem
Hi Saleem,
A little futures manipulation happening today? Some quick profit taking by the traders before news hits the wires? Another opportunity to buy cheap? All of the above.
Best Regards
Hi Standards,
Yes....buy on weakness should work !!!
Saleem
Saleem,
I have been an avid follower of your blog since you first started your blog and before that in the CMED days.
What I often notice is that you seem to post to your blog the way the tide is moving.
If the market is down, you express grave disappointment in whatever caused it. If the market is up, you pull out your pom poms and lead the cheer.
Admittedly, I have gained tidbits of stock tips from your blog. However, the big picture is missing. Your blog seems to be a day to day reaction, not a big picture what is it going to do, why, why not, what can we expect 3 months, 6 months or even a year from now because of the geopolitical events happening. What will happen to the traditionally successful defense stocks? what are the potential ramifications of further bank failings? What is the possibility and likelyhood of interest rates rising because of the massive proposed Government spending?
I know you know this stuff.
Maybe its your intent to just highlight individual stocks that you believe have momentum to excel for the benefit of day traders.
Maybe its just me, but I think most readers would gain additional value by having your longer term perspective on some of the big wallet eating topics rather than a day to day perspective.
Hope this makes sense. I appereciate your knowledge and read you every day. Keep up the good work.
Post a Comment