Monday, March 16, 2009

Markets looking ABOVE 50DMA......

Markets are stable for five days in a row.....sign of good things to come !!!!!

Fed chief tried to assure doomsters on 60 minutes that US economy is on the "mend" & it is OK to come out of their cave & save those soup cans for another decade.......

Gold Down $9....

Oil UP 50 cents after being Down $2....

@ 12.21 following are green in my watch list:

GNK,IPI,AGU,EXPE,AAPL,RIMM,STP,V,
C,POT,ICE,CCJ,JRCC,EGLE,NYX,VLO,
ISRG,SNE,IBN.

BLOG does NOT give buy or sell.

Saleem

2 comments:

  1. SALEEM
    wonderful blog-- thanks
    Looks like the market took a hit today

    Where did the late day sell off come from

    GE was on track for $10 smackers so much doom and gloom being written about GE I will take the reverse side of that trade and get me some for my IRA LT hold

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  2. Hi Madmax,

    I am paying attention to RSI in terms of buying or selling decision.

    Markets have found bottom...but it is far from a bull run.....4 days UP 2 days down will not surprise me @ all.....

    Financials may need a rest.....

    GE on pullback should be added....below $9????

    Saleem

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