Thursday, August 6, 2009

Indices Down .40% to 1%.....

Markets are in a "wait & see mode" for Jobs report on Friday....

My guess is that Jobs report will be "bullish" for market.....

RSI of 63.56 has come down for Nasdaq in a big way.....which is healthy...

Market needed a rest before moving UP again......Last 3 days has been flattish which is healthy after a huge RUNUP...

This pullback will bring buyers again...close should be interesting AGAIN.....

Gold UP $1.10

Oil Down $1.07 to $70.90

Canadian $ Down 62 tick.....to 92.83 US for 1 CAD

Portfolio is POT,SOL,RIMM,RVBD,SU....

CSIQ had a huge BEAT in ER.....49 cents EPS vs consensus of loss of 9 cents...also raising guidance for the full year.....

IPI reports AH.....expecting a BEAT in EPS......

@ 12.26 following are green in my watch list :

SOL,EBAY,EGO,CSIQ,FMCN,C,CTRN,CCJ,
WYNN,LVS,SOHU,SNE,VAR,GE,AMTD,V.

BLOG does NOT give buy or sell.

Saleem

8 comments:

  1. SALEEM

    IS RIMM safe here?
    Wow it blew off down 3%
    It is still a good stock

    SU is a bargain at $33.46

    Regards

    ReplyDelete
  2. Hi Madmax,

    Yes..RIMM is agreat buy here !!!!

    SU also good purchase...

    Saleem

    ReplyDelete
  3. Hi All,

    Look at GNK taking a drubbing! Going back for more when we get a pull back. BUCY sells off exactly at 32. Someone has a sell program set at 32 I bet. GE making headway.

    Best Regards

    ReplyDelete
  4. This is the pull back I was anticipating....good day to be a buyer.

    ReplyDelete
  5. Hi Standards & Speed,

    This market TAPE is still in an UPTREND...so buying the dip will pay off...

    GNK,RIMM,SOL,STP were all on Sale...

    Saleem

    ReplyDelete
  6. Hi Saleem,

    BDI taking a hit now at 2907.

    Best Regards

    ReplyDelete
  7. Hi Standards,

    Thanks for BDI info.....

    Saleem

    ReplyDelete
  8. I nibble a bit today at MFC and CGA

    Good luck to all

    ReplyDelete