Friday, June 12, 2009

Minor giveback in all indices.....NICE !!!!

Consumers are most confident in 9 months.....

Investors are comfortable with this market.....

Only CNBC full of depressing characters.....who only see negatives in this 40+% runup...

S&P 500 is getting "ready" to make a golden cross......but technicians are acting like "chicken..with their head cutoff".....

Shorting in a "bull tape can BLUR your capabilities"..technicians are living 2008 market...they keep shorting @ every higher highs ..BUT we keep going HIGHER......?????

Gold Down $17.10 to $944.20....it is in support zone TODAY !!!!

Oil Down 86 cents to $71.82

Canadian $ is down 1.27 cent against US$ which is showing technical rebound......

VIX 28.27 UP only .57%...FEAR what FEAR...

Portfolio is MRVL,PMCS,SOL,TLM....

@ 12.21 following are green :

PALM,NDN,TKC,CTRN,LULU,WYNN,CMED,
ISRG,VAR,FWLT,BAC.....

BLOG does NOT give buy or sell.

Saleem

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