Markets were trading in a narrow range resulting in minor loss in Dow & S&P 500...Nasdaq was UP by two point......
UP volume led down volume.......
AH..BAC issuing 825 million more shares @ $10.....
AH HPQ gave a lower Sales guidance than consensus....
Both stocks Down AH.....
Futures are small RED..which is a very good sign considering AH news.....
Nikkei is UP.....
VIX closed @ 28.80...which is telling me that as VIX goes in downtrend...Indices are going in uptrend.....sign of good things to come.....
Many stocks are getting stronger...so it is good to be "an expert in few stocks instead of master of none" I can only follow closely about 50 stocks in terms of FA/TA/TAPE on a daily basis..... .....as markets goes through ascending mode....
This is a great trading market based on "relative valuation"......
Solar,Ag,Chinese gaming/software & techs were strong......nice broad based uptrend.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Good comentary
thinkinf of getting more GE.
Dunno CNBC claims we are headed for major correction. Housing numbers are lousy. Financials are looking better and that should be good for GE
Good luck to all:
and the BDI index keep climbing up --hurray
Hi Madmax,
Thanks for your "valued feedback".
GE is a good long term hold....good for your long term approach.....
I am a swing trader..so my selections are different.
CNBC always goes with the flow....
Saleem
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