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
2 comments:
Good Mroning Vietnam
Good 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,
That was a very good movie!!!!
ISM @ 10AM will set the tone....
How we close is very important.
Oil taking a breather today....
Saleem
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