When news & predictions for economy & stock market couldn't be worse...guess what happens..a solid 3 day rally.....
GE rating cut was taken as another event which has been discounted by stock price..GE UP sharply !!!!
All indices are equally strong...a very healthy sign for market...
SOL reported Loss with inventory writedown...guidance "not as bad as feared" SOL UP slightly.
Bernie Madoff finally going to 0 star accommodation..
GOLD UP $16..
Oil UP 77 cents
@ 12.11 following are green in my watch list :
NVDA,AAPL,CMED,V,ICE,MA,ABX,FSLR,
ISRG,GS,VAR,GOOG,SGP.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Finally got one right! GE
This rally looks promising. Uptick rule puts brakes on the dark side fear factor.
Best Regards
Hi Standards,
As they say "try try until you succeed"
Yes...looks very good..especially on day 3....
Even GNK came to life $$$$
Saleem
Hi Saleem,
Another nice follow thru day! We may be onto something big here!
Regards
Hi Saleem,
Also noticed the news on mark to market rule changes coming soon. This will bolster bank stocks!
Regards
Hi Standards,
It IS already BIG rally 3 days in a row....
Yes mark to market rule changes will help banks big time...ratios will improve..so more lending !!!!
Saleem
FOR the record
IBD says ewe are in market correction
I need to see more volume and I will be convinced of a bull
I have been bitten 3 times this past year
J the Cramer says Bear rally
Good luck all
I do so much love the action today
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