Tuesday, April 21, 2009

Markets back on "green track"....NICE !!!!

Markets are back in green ignoring all the noise about bad ER.....

Futures were down but Dow found solid support around 7792 area after open.......

BRCM buying ELX which is UP 44%......

Techs are loaded with cash in their balance sheet & are scooping up bargains...a sure sign of a solid bottom.....

Gold Down $4.50

Oil Down 42 cents

Canadian $ is UP 20 tick so far against US$...after Canadian central bank lowered interest rate by .25% to historic low of .25%.....Central bank made a statement along with rate decrease..that they will keep interest rate @ .25% till middle of 2010...to encourage borrowing & lending.

Portfolio is RIMM,PALM,GNK,IPI,MRVL,NVDA,PMCS,WEN....

@ 12.13.....following are among green :

RIMM,PALM,GNK,IPI,PMCS,NVDA,AAPL,V,CTRN,
ICE,LULU,JRCC,MA,BIDU,EGLE,CMED,SPWRA,
FSLR,GS,GOOG,FWLT,EXPE,AMTD,AMZN,TOL.

BLOG does NOT give buy or sell.

Saleem

2 comments:

standardshigh said...

Hi Saleem,

Yeah! Nice!

Maybe back on track.

Not many shorts want to jump in with legislation pending.

Best Regards

Stocks100 said...

Hi Standards,

See...your wish yesterday was markets command today.....

This IS a typical "bull market TAPE"

Corrections are sharp & swift ....then back to GREEN $$$$

Saleem