Within 24 hours all the concern about Banks,Autos & Economy is taking a back seat..while institutions picks up bargain......
It is NOT end of the Q window dressing...it is positioning for future gains in markets.....which means "it is NOT ONE day bargain hunting"
Every time market sells for profit taking...technicians are out with their "pointers" telling all of us how LOW we can go..or we are going to stay in this "narrow range".....i wonder what their wisdom is saying today.......
Nasdaq again is leading the charge on the UP mode.....Down the least & UP the most????
VIX @ 43.59 Down 4.28%.....still waiting for digit "3"......
Gold UP $1.90
Oil UP 9 cent
Canadian $ UP measly 30 tick..after holy drubbing of almost 2 cents yesterday.......Canadian GDP shrank .7%....in-line with estimate from negative 1% previous report.....bad.. BUT rate of decline is less.......
Portfolio is RIMM,GNK,IPI,PMCS,MRVL,PALM.....subject to sale !!!!!
Most stocks are GREEN......
BLOG does NOT give buy or sell.
Saleem
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