Markets are certainly showing "incredible strength" in the face of bad news like "swine flu" which tanked Hang Seng 2.74% last night.....
Markets are trading near "high of the day".....
Higher lows on any selling is "the-best technical indicator we got going"
TAPE is very strong which tells me that HIGH indicated targets MAY be achieved !!!!
Gold Down $3.70
Oil Down $1.79
Canadian $ is near unchanged level.....
In my portfolio :
Added 30% more EGLE.....
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN...
IPI is sharply higher 11%++ on very high volume.....rumour swirling around of takeover????
@12.14 following are among green :
IPI,MRVL,CTX,RIMM,IBN,BIDU(reports AH),
GS,PHM,BZH,NVAX.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Off subject - All the gun/drug talk from Mexico by politicians. Now swine flu from Mexico? Warnings not to travel to Mexico? Has the sound of retribution by our government leaders to punish, by cutting off tourism trade. $$$$$$$$$.
Best Regards
Hi Standards,
This swine flu need to be contained ASAP & any step which will contain is necessary nothwitstanding politics.
Toronto suffered because of SAR few years back.
Saleem
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