ISM data worldwide coming in "better than expected"......means economic recovery is happening already.....believe it or NOT......
Markets are making new highs.....
S&P 500 above 200 DMA......
Nasdaq @ new recent HIGHS...
Dow crossed 8700 new recent HIGH....ready to take out 200 DMA.....
VIX @ 29.05 UP 13 tick ????should be lower.....
Gold UP 60 cents
OIL UP $1.61 @ $67.92
Canadian $ UP another 39 tick against US$....new recent trading high today..NICE $$$$
In my portfolio :
Added 25% MPEL..COD (City Of Dreams ) opened on Monday..but no reaction in stock price...sell on the news by some ????..for me another buying opportunity !!!!
Portfolio is AMZN,IPI,MRVL,MPEL,PMCS.....
Most stocks are UP ....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
Your prediction on the market is admirable. GNK is on fire while EGLE and DRYS are on RED. Followed your lead on GNK at 14 now sold at 29 $$$$. Started new position on MPEL. Thanks.
Michael
Hi Michael,
Analysis of economic data is not easy..most investors/traders do not pay attention to all the changing numbers???
I am glad you made good money in GNK..great stock !!!!
Hopefully MPEL will do the same.
Saleem
SALEEM
It is hard to sell a stock
wow
GNK was a super star--I think more good is yet to come--DSX and FRO are taking their time rising--DRYS is not partiipating because is has a ton of debt IMHO.
Look at GE and NYX to fantastic goodies that pay while you wait
I am expecting great things form GE by September, 2009
Good Luck to all
Hi Madmax,
Stock selection is a tough process...we all struggle with it..
GE is definitely on my radar...
Good luck with your portfolio.
Saleem
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