Markets are going through corrective process.....
S&P 500 is ready to test 200 DMA @ 907.91....it closed @ 911.97......
Internals were decidedly "bearish" with declining stocks & down volume in lead by far....
New high /low list is tilting lower.....
President Obama will announce financial oversight rules...which IS also a negative in last two days......
AH futures are green.....which may give false start in AM...then another wave of selling.....
Indices MAY try to stage a rebound by close... as 3rd day of selling MAY create oversold conditions......
In my portfolio :
Sold MRVL
Sold PMCS
Portfolio is SOL & TLM......
Strong stocks today included PMCS,GS,SINA,SOL,CSIQ,PALM,FMCN....
BLOG does NOT give buy or sell.
PS...post was delayed... to analyze market health.....
Saleem
Hi Saleem,
ReplyDeleteHey, much profit has been made in the last month or so, what better time to trim the green edges than options week. :)
Buy when on sale! Last week prices were too high.
Best Regards
Hi Standards,
ReplyDeleteYes....prices are getting better on many stocks.
I will follow the TAPE and see when it is ready to turn UP....
Saleem
SLEEM
ReplyDeleteFRO and DSX might be good cadidates.
Bargin hunting here we come
Hi Madmax,
ReplyDeleteThere are many bargains out there..I am looking @ next day trades only...ie quick swing trade.
Good luck to you today....
PS..I am also looking @ GE among many !!!!
Saleem
SAleem
ReplyDeleteHere are some that I track worl allowing:
AAPL BXP C CHL DSX FNM GE GS HAL SOL MON PALM PMCS FRO DRYS JNJ CHK DVN LVS V
There may be a nuggett or two
Hi Madmax,
ReplyDeleteThanks for your list of nuggets !!!
Saleem
Hi All,
ReplyDeleteWed. BDI coming back! +75 4026
Best Regards