Markets showed real strength by ignoring fed minutes of weak economic picture.....
All index closed Green....Nasdaq was the-strongest....
VIX closed @ 38.85...lowest close in a long time......
EXM had good ER AH...sharply higher UP 19%....Bulk dry shipping stocks all higher in sympathy !!!!
Futures are flat.....
Among the strong stocks were:
RIMM,IPI,MRVL,GNK,PMCS,LULU,BIDU,
CMED,ISRG,FSLR,LDK,TSL,POT,MON,IBN,
NYX,NDAQ,AMTD,NVDA,AAPL,GOOG.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem.
What do you think of the "sell in May and go away" philosophy concerning this year? Thanks for all your hard work! Charlie
Hi Saleem.
What do you think of the "sell in May and go away" philosophy concerning this year? Thanks for all your hard work! Charlie
Hi Charlie
Nice to see your note again.
Appreciated your comment.
"This year it wil be different"
I know...we all have heard this before.....
This was the-worst bear market since depression...so it will built UP from here...so staying in the market will be rewarding....
I will keep buying on any weakness in MAY !!!!
Good luck on your strategy based on your OWN comfort level.
Saleem
Hi Charlie,
I agree with Saleem.
We are at historically low levels.
Bargains galore.
Opportunities abound.
Best Regards
Post a Comment