Nasdaq AGAIN is showing leadership and is poised to take out 50 DMA......
IBM in talks to takeover JAVA...sign of a market bottom......
GOLD down $31.....
Oil Down $2...
@ 12.13 ..Following are green in my watch list :
GNK,MRVL,NVDA,AAPL,C,BAC,JRCC,
SPWRA,FSLR,TSL,LULU,XLF.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
Nice to see all green again. You have been working hard with your blog to bring up our spirit. I appreciate that.
I have been in C at $1.00 and sold half at $2.33. What's your thoughts on this run? Will it still have steam? Thanks for your advise.
Michael
Hi Michael,
Nice to hear from you again !!!
Thanks for your compliment & feedback.
This IS a major turn UP in markets so it will be wise to have a diversified portfolio & stay with it for long term....
I am trying to do the same..have exposure in semi,Ag,Shipping,financials...they should all benefit as a group.
Saleem
Saleem,
You did not disclose of what stocks you are buying any more. I think that would be easy for us to follow. I have a question: You always mentioned to look at RSI but what range would you look at 1 day, 5 days, 10 days, or 1 month since the the overbought would indicate differently depends on the time period. Thanks.
Michael
Hi Michael,
RSI is shown on stockcharts.com under default sharpchart..under the heading gallery view...it is in 4 months range.....which is good for trading....
I go on MSN historical chart & get 1 year chart & RSI..which gives me an overall picture of market & stock I am reviewing....
I normally have many of my personal holdings under watch list..
Currently I am holding GNK,IPI,MRVL,NVDA,PMCS,LSI....I am adding more stocks on a daily basis.
I am defocusing my BLOG from personal holding as I may trade during the day.....
Saleem
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