Nasdaq close today was another technical show of strength....it is ready to march into uncharted recent highs....
S&P clocked another green AGAIN.....
Dow gave a measly single point....but internals were strong with both advancing stocks in clear lead & UP volume led the way also....
New 52 wk highs were in lead AGAIN.....
VIX closed @ 28.27 Down 5.04% on a flattish day...NICE
AH Futures are in mini RED.....Open could be another story !!!!
AH SINA reported 1 cents beat..but guided lower in Sales ..Stock down $1.90....
Strong stocks included MRVL,PMCS,SOL,JASO,CSUN,AGU,POT,ISRG,
BIDU,MA,NVDA,PALM,WFR,LRCX,GRMN,X,AKS,STP....
Wednesday we have 10 yr bond auction....which will go well....should give a boost to the market..results announced in PM.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Very nice move in MRVL today! $$$$$
Market looks strong. Pundits trying their best to keep it down.
CNBC crowd looking foolish again.
Cramer looking better. Did he read his own book?
Best Regards
Hi Standards,
Yes today was a very good day for me....stock plus my short on US$ worked like a charm ..as CAD closed UP 1.10 cent for me....
Fast Money should be shut down..to spare traders from major grief....
Guy Adami "is the worst"..he has been giving "short" call in a bull tape....his head needs to be examined "real close"....
Also he has been pumping INTC on a daily basis which is the "DOG" in semi..INTC moved 25% from low....while everything else has moved minimum 200% from low....& they get PAID to pump day after day...
Yes...Cramer finally has learned how to "stay the course"
Saleem
Hi Saleem,
I posted a few days back regarding SOL. I have been following your blog for more than a year now but rarely post... mostly read. I have a keen intereste in Solar Stocks. It seems that the entire sector moves in unison. If ER for one solar stock is positive they all benefit. I currently have a postion in SOL and most recently moved a portion to LDK both solar wafer manufacturers. Was considering adding a position in ESLR, a lagging solar stock with very encouraging price/book ratio ~0.58 and a more reasonable RSI. Your thoughts?
Thanks,
Chris
Hi Chris,
Thanks for reading my post.
I am always here to give a reply based on my experience.
ESLR looks good ....as it is the-most undervalued stock among solar..
It is expected to earn next year...
I say go ahead & buy !!!
Saleem
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