Friday, May 29, 2009

Indices are flat......

Markets got many good economic news..but tape has been flattish..so far....

Consumer sentiment highest since September.....

The issue today is ..as to how much good news is priced in ????

So...we MAY go through sideways tape......

Also there is lot of OPTIMISM baked in the market....

GOLD UP $17.10 @ $978.60

Oil UP $1.01 @ $66.09

Canadian $ Up another 1.72 cents against US$.....@91.42 cents against US$....

In my portfolio :

Sold PALM

Added 40% more MPEL

Bought AMZN

Bought IPI

Portfolio is AMZN,IPI,MRVL,MPEL,PMCS....

@ 12.32 following are among green :

STP,PALM,RCI,CCJ,POT,FXI,ISRG,GOOG,BIDU,MA,V,
CSIQ,GNK.

BLOG does NOT give buy or sell.

Saleem

5 comments:

standardshigh said...

Hi All,

BDI on fire ! +196 3494

SEA has broken out $13.20!

Shippers moving up!

Best Regards

Stocks100 said...

Hi Standard,

I looked @ the chart of SEA yesterday....

I will monitor it for few days...

Thanks for BDI info $$$$$

Saleem

Claude said...

Hello,

Been a while. Still a STP (up 28%), CCJ (up 91%) and GEOY (up 1,55%) holder..

Wonderint what to do. Did not even have time to look at charts on any of these.

Any input would be appreciated...

Stocks100 said...

Hi Frogvest,

Nice to see your post.

Market is overbought...so any gains should be booked...imho

I am alway's doing that !!!!

Good luck on your decision.

Saleem

Claude said...

Thanks for the advice. Just sold STP and CCJ

Now, I will have to find new gems... :-)