Indices are marching towards..... new 09 highs.......
Jimmy the Cramer ordered the market to go DOWN 3% yesterday....there goes another "market timer" down the drain......
This market is "too strong" to listen to any pundit.......
Even hedge funds are in "big trouble" with their "ongoing new short positions" & taking it on the CHIN daily.....ouch.....
So..why market is going UP.....???
It IS the fundamentals of the economy...which IS improving in a hurry "worldwide"
Roubini & other doomsters cannot read the tea leaf anymore...stuck in 08.....which has been passe for months now......
Gold UP $6.80
Oil UP $1.09 to $71.25
Canadian $ UP 25 tick against US$.....
Portfolio is POT,SOL,RIMM,RVBD......
Most Solar are taking on the chin after downgrade.....SOL seems to be the only exception on an upgrade by Credit Suisse with a target of $7.50..UP 4%++....BUT Jesse Pichel downgrades with a target of $4.....????
Most stocks are UP.
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Looking like a weak day not sure how we can end
was hoping to make a fast trade in GS,, not,
RIMM and CSCO are also weak today
Best regards to all
Hi Madmax,
Close IS a better indication.....
I am more comfortable with swing trading.....
Good luck in your strategy !!!
Saleem
SALEEM
My strategy on GS did not pan out. Still holding my shares soooooo I guess I am a swing trader.
Si I will hold I sent some charts to you and APPLE target price raised to $218 Yahoo
Hi Madmax,
GS....will be the biggest beneficiary of this bull run....
Thanks for the charts...
Saleem
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