Tuesday, February 10, 2009

No details by treasury..sinks markets......

Treasury Secretary talks but has NO details as to HOW....so markets go below 8,000 in Dow...

Technicians were READY to SELL near 50 DMA in S&P 500 & they used lack of details as the excuse to lock-in new profit.....Retail always follow the "panic selling mode"......

Markets will TRY to fight this selling as Senate vote WILL be a big help to the economy.....

Most sectors are Down except Gold stocks are UP 4%+++ on fear factor.....

Gold UP $22...

Oil Down 22 cents...

Canadian $ is Down 1.02 cents....negative $ for me....

In my portfolio :

GERN Down 43 cents

TOL Down 81 cents

XLF Down 68 cents

@ 12.12 following are green in my watch list :

GG,DUG,FSLR,NYX,JASO,YGE,SLV,KGC,
ICE,AUY,ABX,AEM,SPWRA.

BLOG does NOT give buy or sell.

Saleem

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