Market @ open faced many negatives like :
China US trade war......
Negative article about market FROTH in Barrons by David Rosenberg over the weekend....
Doug Kass had a five page negative article about market valuation in street.com this morning...
LEH collapse was played UP in CNBC for fear mongering & ratings.....
All these were MEANT to TRIP this market LOWER AGAIN".....
SO...what do we do by close ????
WE make new 09 HIGHS.......
It is almost predictable when BEARS as a group try HARDER to bring this market DOWN...we will keep going HIGHER......
RIMM had a "bullish triangle BREAKOUT" target now is $113 by www.stockcharts.com
www.stockconsultant.com has a breakout point @ $86.90 with a trading target of $101.10
Strong stocks included RIMM,AAPL,PALM,GE,BIDU,GS,GNK,AMCC,FMCN,ICE.....
VIX closed lower @ 23.86 down 1.2%
AH Futures are RED
AH Nikkei is UP .74%
AH Oil is UP 20 cents
AH Gold is UP $1 to $1002.10
CAD UP
BLOG does NOT give buy or sell.
Saleem
3 comments:
SALEEM
Looks like RIMM and POT are HOT -- may be way iover sold and short covening
Market wants to go higher GE is going to $21 IMHO.
Good call on RIMM and POT---GNK is down today
Hi All,
BDI -19
GE looking good $$$$$
GNK hit resistance at 22.5
Best Regards
Hi C,
Conviction & Patience is paying off these days.....
Always remember....why you bought any stock in the first place???because you thought it was good enough to buy.......
Saleem
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