Wednesday, September 2, 2009

Market digesting economic data.....

Indices are GREEN...a very good sign based on less than perfect economic data released this morning......

Market are in "no mood" to accommodate bears dream target of 905,840 or 400 in S&P 500...Adami must be "restless AGAIN"..he is batting 0-100???

When market stay UP against all predictions and history..pay attention.....

I do NOT see any PANIC selling......????

European market closed down 2,7 & 10 points only....so NO PANIC there either.....

Gold UP $19.40

Oil Down 25 cents

Canadian $ Down 8 tick......

VIX..IF you can believe it is actually DOWN 2.2%...so no PANIC there either.....

Portfolio remains POT,SOL & RIMM....

@ 12.26 following are strong in my watch list :

POT,GG,IPI,ABX,KGC,MOS,AAPL,CTRN,BIDU,LVS,FSLR,
SLW,AUY,IAG.....

BLOG does NOT give buy or sell.

Saleem

3 comments:

standardshigh said...

Hi all,

Baltic Dry Index (BDI) -10 2413 ...

Market in non-committal mood today.

GE sinking fast, almost made the 12's today! :)

Best Regards

Stocks100 said...

Hi Standards,

Thanks for BDI update..GNK did not do bad considering red close.

Saleem

madmax said...

Hi Saleem and Standards

DSX and GNK closed GREEN

Yes GE collapsed today it could go back up tomorrow

I believe we are in a bull market

Go GE