Tuesday, August 4, 2009

Another day & another 09 high close....NICE !!!!

Markets continue to move UP against many prediction of a pullback.....

All Indices closed @ another high of 09.....

We are certainly entering a "blow off stage in market"...which means we will go higher until selling takes hold.......what is that level ..I do NOT know or CAN predict.....BUT..I will .............."re-evaluate" my exposure in market once we hit 80+ RSI on a closing basis..which is about 4 points away......this IS part of my ongoing analysis @ different levels.....

Before we open AGU will report which will dictate how AG stocks will trade.....based on guidance which will be weak....BUT is it priced in or not????

AH CSCO will report which will dictate how techs & market will behave......I do expect CSCO to BEAT & guide higher than consensus......

VIX closed @ 24.89 Down 2.62%

AH Futures are mixed...

AH Oil is UP 24 cents

AH Nikkei is fractionally lower.....so far

BLOG does NOT give buy or sell.

Saleem

4 comments:

Speed said...

I was personally expecting a pullback today.....

Several stocks on my watch list (CGA and RINO naming 2)volume have spiked. Are people loading UP?

Wish I acted on RINO a few days ago...oh well.

Stocks100 said...

Hi Speed,

This market has major MOMO.....so quick daytrade may not be a bad idea on stocks you know well..TA wise.....

Saleem

c said...

SALEEM

Goodness me the marketr is fighting to go back up
Hmmmm, not over bought yet

Regards

Stocks100 said...

Hi Madmax,

It Ain't over till its over.....

Good luck for today.

Saleem