Friday, March 27, 2009

Orderly pullback in a bull trend......

Markets are following a classic bull tape pullback.....

Down early and trying to stabilize as the day progress.....

Markets are certainly giving signal that bear tape is all KAPUT !!!!

Gold Down $17.10

Oil Down $2.15

Canadian $ Down 59 tick

Surprise surprise..VIX @ 40.73 UP only .92% on a down morning !!!!

Portfolio RIMM,IPI,GNK,PMCS,PALM......subject to sale !!!!

@ 12.10 following are among green :

RIMM,IPI,GNK,PALM,POT,LULU,EGLE,DSX,
VAR,GERN.

BLOG does NOT give buy or sell.

Saleem

4 comments:

standardshigh said...

Hi Saleem,

BDI still showing weakness down to 1678 now.

Market looks healthly to the upside.

Best Regards

Stocks100 said...

Hi Standards,

GNK,DSX,EGLE are all UP when BDI is down..is a good thing !!!!

Market looking GOOD !!!

Saleem

c said...

Hi SALEEM and all

My DSX is up nicely congradulations on EGLE up 6.4%.

Looks like GE and GS caught a cold
Even my APPLE is off!
Looks liek we can not break the 75 day moving avarage.

What is next red close

Have a great weekend all

Stocks100 said...

Hi Madmax,

DSX is showing relative strength alongwith EGLE.....

It is a "normal tape & a healthy tape after such a huge gain"

Close should be interesting...wave of BUYING before close ????

Saleem