Friday, May 1, 2009

Nasdaq gained for 8 straight weeks...NICE !!!!

Markets are on a roll......

Technicians keep identifying that we cannot go higher anymore...but here we are with all indices closing GREEN on Friday MAY 1st....

How about that famous much dreaded 870 in S&P 500......Guess what? .....we closed @ 877.52....lot of TV pundits went SHORT before 870...now they are taking their lumps AGAIN.....

This only proves that it PAYS to have your OWN analysis and do your OWN homework.......

I do not even have any business channels anymore since Feb...I am doing "mighty FINE"

Bulk Dry Shippers were on a tear today.....thanks to good ER from DRYS.....

Following stocks were among the leaders today by close :

EGLE,IPI,PALM,MRVL,DRYS,GNK,RIMM,TSL,TLM,EXPE,
CCJ,JRCC,POT,AGU,DSX.......

VIX closed @ 35.30...lowest close since hitting 80+++...another sign of great things to come !!!!

By 10AM Saturday..I will post list of technically strong & buy rated stocks.....I am eliminating weaker stock list....

BLOG does NOT give buy or sell.

Saleem

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