Chrysler can take full credit for markets retreat from another strong close.....
Nasdaq closed @ its highest level in 8 weeks on strong volume.....
Nasdaq was UP 12.4% for the month of April......
Dow closed UP 7.4% in April......
Nasdaq is showing clear leadership in out performance by a wide %......
Again more new 52 week Highs ..11 in NYSE & 29 in Nasdaq....
In my portfolio :
Sold WEN
Doubled my position in CTX.....
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM......
Futures are small RED....
VIX closed @ 36.50.....
Canadian $ is sitting @ its highest point in months against US$......
MA reports before open.......
Strong performer today were FSLR,GMCR,EGLE,MRVL,NVDA,PALM,
GNK,EXPE,RIMM,STP,TSL,MA,V,DSX.......
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
I believe the DRYS are coming back in vogue.
GS says we should be much higher in next year, should help elevate market.
GE shorts will reconsider their positions as rising stock price and dividends eat into their profits. Could be a nice squeeze coming.
Best Regards
Hi Standards,
Shipping is the-strongest sector lately & heading higher.
Markets are heading higher with the upcoming economic recovery....
GE will participate in the renewed strength of world economy...GE is everywhere !!!!
Saleem
SALEEM
Look at the oil tankers--Yeaha--yahoo! FRO was up huge last week--giddy up. J the Cramer loves FRO
DSX in up nice! It is best of the drys very low debt long time charters -- this spells huge cash war chest --suspended their dividend, for more cash on hand--whuWho! jumping up huge BDI is creeping up too.
I am hoping that GE makes some more of move up--what is the short squeeze ratio???
Thanks for your take on Citi--I think that it may come clean on stress test??? Thoughts always appreciated
Post a Comment