Markets were subjected to profit taking .....so pulled back on positive ADP Job data news.......
Again on this AM pullback many buyers stepped in & markets are fighting their way into positive.....
Nasdaq IS trading above 200 DMA after dipping below on profit taking
Gold UP $4.90
Oil UP $2.03
Canadian $ is UP 25 tick against US$.....
Portfolio is CTX,NVDA,PMCS,TLM......
CTX reported AH on narrower loss and increase in cash position...but market is selling CTX & PHM on news down 9%...PHM is not ready to call a bottom in housing...CTX was more confident about their position in marketplace.....PHM & CTX are merging in Q3....
@ 12.25 following are among green:
RIMM,GNK,EGLE,MRVL,TLM,STP,TSL,KGC,POT,
CCJ,IGT,JRCC,NDAQ,MA,BIDU,NYX,VLO,ABX,SPWRA,FSLR,
ISRG,GG,GS,GOOG,DSX.
EGLE reports AH.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
BDI up big today +168 over 2000 again. Nice. DRYS are coming back.
GE crawling forward but very consistent. Nice.
TSM made a nice move up to near 12 but pulled back.
RIMM looking fantastic. Now why did I sell again??????? If we retrace this summer, I'm buying big!
Best Regards
Hi Standards,
Yes BDI is looking UP....good for economy & great for shipping stocks.
Taking profit is a blessing...so I never wonder....if i like it still..I just buy it back....
Reduced exposure in anticipation of stress test details thursday.
Good luck on TSM,GE,DRYS......
Saleem
standards---BDI rates are up huge so is my DSX and FRO
06 May 2009
Baltic Dry Index (BDI) +168 2065
Rates
BCI
(Cape index)
BPI
(Panamax index)
BSI
(Supramax index)
INDEX
2868
+340
1895
+193
1448
+18
SPOT 4 TCE AVG (USD)
27461
+3717
15194
+1536
15144
+192
YESTERDAY (USD)
23744
13658
14952
YEAR AGO (USD)
173658
72741 56914
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