Indices are green after dipping below......
Month-end buying is still @ play...majority of ME buying was done yesterday.....
Next week...market MAY need a breather......
Close MAY see softness today.....
Keep an eye on High of yesterday & today...which MAY give technical signal as to the health of this market....some key numbers to keep in mind for strategic selling & buying.....
S&P 500 2009 high so far 996.68...today's high so far 992.78.....low today 982.85....any breach of these number will either means higher highs or lower lows?????RSI 71.37....
Gold UP $14.20
OIL UP 99 cents to $67.93
Canadian $ UP 30 tick near 9 month HIGH.....
Portfolio is SOL,TLM.....
@ 12.17 following are among GREEN in my watch list :
AAPL,RIMM,PALM,TLM,GNK,EGO,SLW,AGU,FMCN,
KGC,TKC,CTRN,CCJ,WYNN,MA,ABX,GG,SNE,VAR,GS,
IBN,GOOG,FWLT.....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
If there is any significant pull back I'll close out the calls and reposition for next month. Didn't like that late wave of selling at close on Thursday......new GDP info not inspiring markets.
Best Regards
Hi Saleem,
Just looking at the charts we went from 8000 to 9100 since mid July. That's a fast move. No wonder the crowd is waiting for a pull back.
Best Regards
Hi Standards,
TAPE tells the truth.....
When indices make new highs back to back it is "bullish"...
BUT...when it stalls next day...means only thing...As Jack Palance will say.....CONSOLIDATION..
Depending on what strike you sold calls...it MAY expire worthless....
Saleem
Saleem
Goldman analyst Terry Darling said on July 30 that comments by U.S. House Financial Services Chairman Barney Frank reported after the close of trading July 29 suggest broadening support for regulatory reform that would not mandate the separation of GE Capital (GECS). While numerous uncertainties remain, Darling is reducing the probability assumption for a costly GECS separation to 25% from 50%.
Darling raised the firm's target price on GE to $15 from $13, saying greater potential for a manageable regulatory outcome should prompt investors to focus on the longer-term benefits of economic and credit stabilization to GE shares.
SALEEM
LVS down 17% wow
that is Terrible
regards to all
Hi Madmax,
GE will be OK..going forward.
Saleem
Hi Standards,
Unbelievable volatilty in LVS....
Saleem
Hi Madmax,
LVS will be ok in the long run.
It's now on sale!
Best Regards
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