Horrendous jobs report put a dent in market sentiment.....but NASDAQ fought its way back to GREEN....
Tape is showing major resiliency which IS a sign of good things to come.....as they say NEVER FIGHT the TAPE.....
Gold Down $7.80
Oil Down 27 cents
Gold is taking a beating because G20 authorized $1 trillion in assistance which will be met through a major Gold bullion sale by IMF....Gold prices will under severe pressure all through summer FWIW
Portfolio is RIMM,PALM( new 52 wk high today),GNK,IPI,
PMCS (added 100% yesterday), MRVL ( added 100% today),SOL.....
@ 12.56 following are among green :
RIMM (price target increased by many...highest $80),PALM,GNK,IPI,MRVL,
SINA,V,POT,ICE,IGT,JRCC,NDAQ,WYNN,MA,BIDU,SOHU,CMED,NYX,
GS,GOOG,AAPL,AGU,NVDA.
PS....post was delayed due to a friends long distance call.
BLOG does NOT give buy or sell.
Saleem
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