So we had a pullback today after making recent highs......
Again there were buyers waiting to buy on any dip...so we pared back most of the loss....
Today US$ staged an oversold bounce..so all commodities sold off...
We are staying above 200 DMA in Nasdaq & S&P 500......Dow is only 61.05 points away.... after opening above 200DMA.....
Please do NOT buy the LIES on CNBC that S&P 500 went way below 200 DMA today..S&P 500 200 DMA is 923.31..we did not went there even @ low of the day which was 923.85 and we closed @ 931.76.....I wish SEC prosecute those who spread lies on national TV & are allowed to say anything on CNBC with impunity...CNBC lacks credibility.....
AH Futures S&P 500 & Nasdaq are small green......
Volume was average on this mini correction.....
Markets are ready to resume its green close......so position accordingly !!!!
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
I got a nice tickle watching the buying coming in late in the day. :)
Best Regards
Hi Standards,
"Fast Money" should be renamed "Yahoos Hour"..new guy who works @ NYX..does NOT know which end is UP....sad & pathetic...
Futures are GREEN....I am sure CNBC producers are disappointed..NO rating boost with "sky is falling agenda"
@ least Jimmy the Cramer is making sense these days vs other 5 second traders..who sees "protection panic" in empty glass ???
They all need brain surgery....yes they do !!!!
Saleem
I watched the tv last night and J Crqamer is the only tv pundint that made an y sense
I loved his rant on APPLE
buy buy buy!!!!!!!!!!!!!!!!!!!!
To $185 Alice! It could go a lot higher.....
Cheers to all
I was not able to look at the tape
all day yesterday---but I did see a strong close--thanks Saleem for keeping us on track
Hi Madmax,
Smartphone market is looking very good...AAPL,RIMM & PALM will go much higher....
Good luck today $$$$
Saleem
Hi All,
Mark this day when Fast Money said do not buy APPLE or RIMM as too expensive. Wait for pullback.
Let's see how they do.
Best Regards
Hi Standards,
Fast Money miss of the major moves in 1000 of stocks....and they lose more by buying puts when markets are decidedly in "bull mode"...
If they do not know about 200 DMA in S&P 500...their knowledge level must be pathetic.....
Saleem
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