Markets are continuing their positive TAPE on many reports of PMI improving all over the world......
DOW & S&P 500 went to highest level of 09..Nasdaq missed it by a hair.....still all three indices closed @ their highest level of 09.....
RSI are hitting "overbought levels" of 75+ in all indices......overbought conditions CAN continue for a while.... IF.... TAPE remains strong which IS the case now.....
Caution is definitely warranted as Risk/Reward ratio is NOT compelling......
In my portfolio :
Bought RVBD .....RSI @ close today 38.67...it is a Networking Optimizing technology company....had missed Sales expectations in its ER on July 23rd....waited till it completed basing for a week.....
Portfolio is RVBD,SOL......
Many stocks were UP..strong stocks included AAPL,GOOG,AGU,BIDU,MA,V,SLW,
GNK,TLM,ISRG,SOL,STP,EBAY,X,ACH,BAC,FMCN.....
AH Futures are GREEN.....
AH NIKKEI is UP 1.14% so far.....
AH Oil is Down 42 cents.....
VIX closed @ 25.56 Down 1.39%
BLOG does NOT give buy or sell.
Saleem
Good Mroning Vietnam
ReplyDeleteGood Morning to all
Futures are looking poor today.....
Good Luck with your new purchase.
Oils are really doing very well. HAL is a good driller and starting a up trend
Regards
Hi Madmax,
ReplyDeleteThat was a very good movie!!!!
ISM @ 10AM will set the tone....
How we close is very important.
Oil taking a breather today....
Saleem