Markets were reacting to 10 yr bond related issues...including upcoming auction....which will be a non-event.....
Media needs to bring new villain out to predict pullbacks on a daily basis...BUT...there is NO pullback by close.....
Markets are staying near recent highs .....all indices are staying ABOVE 200 DMA.....
Technical strength is stunning...BUT traders are SCARED???
Traders are anxiously waiting for pullback to "reload"...it MAY be a long wait.....
The only corrective situation which MAY develop COULD be in early JULY...after we have RUNUP quite a bit by end of June ......
AH TXN guided UP so all the semis are perking UP....
AH Futures are lit UP green.....
AH Oil,Gold & Canadian $ are UP.....
There were 5 to 9 times more new 52 wk highs than lows.....
Volume was low today.......
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi All,
Nice finish, hey when it refuses to go down, then buyers step in. Nice!
Futures turned up at 11 am then at 2 pm the heavy buyers stepped in with both feet. At 8 pm futures slightly green.
Keep your fingers crossed for a $$$ green June! We may be climbing that wall of worry that took us to 14k on the DOW or maybe not. I would enjoy a nice summer rally to commence and run thru August.
Best Regards
Hi Standards,
If my guess for June comes through...i will be a very "satisfied trader".....
Saleem
Hi All,
SC says V ready for a break out to 75 very soon.
Best Regards
Hi All,
BDI at 3800, down today but still in up trend.
Best Regards
Hello
FRO is flying as I said--The Divi is great and bound to go higher
We are off to $30 a share
DSX is climbing too
Sector rotation Yea
SALEEM --Fantastic call on SOL--my favorite and up huge again
Hi Madmax,
Thanks for your appreciative note for SOL purchase...
I am happy that FRO is doing well for you.
"we have only just begun"
Saleem
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