Markets are under pressure as 10 year bond yield are hovering near 4%.....higher interest rates will hamper housing recovery and may give competition to stock market as an investment choice.
Markets will digest this bond yield pressure also..as long term stocks will beat treasury yields....smart money knows that......
Gold Down $11.80 to $949.90 near support area...
Oil Down 6 cents @ $68.41..near highs....
Canadian $ Down 35 tick against US$.....
Portfolio is MRVL,MPEL,PMCS,SOL,TLM.
@ 12.15 following are green :
SOL,V,C,ICE,NDN.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Great call on SOL
Up 4% all day today
Market is digesting the gains--IMHO
I am looking for lots of upside
APPLE should blow away to day at the show--Thoughts
GE is doing ok My CITI is hurting
I am so gald I did not get a large position.
God Bless all
Hi Madmax,
Thanks for your feedback.
AAPL & PALM will do well based on their strategy.
RIMM will be "under pressure near term" as they are reporting on June 18th.....
GE is a great long term hold....
C is the-weakest of the big banks.
Saleem
SALEEM and Standards
Wow what a close lots of volume the last hour
we closed green that is great the floor is in boys
Good luck to all
Looks like FRO is at a bargain basement price and pays you to wait --I got 100 shares
Hi Madmax,
Close alway's gives a true picture...
IF it behaves like a bull & it closes like a bull...then it MUST be a bull....
Also I like the fact that everyone is scared of this market and is calling for a correction on a daily basis....???
SO..where IS this correction????
Saleem
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