Thursday, October 22, 2009

Are we all set for new 09 HIGHS.......???

Indices staged a "strong rebound" from yesterday's collapse......technicals were repaired in a hurry...sign of a very strong market.......

Still it will be PRUDENT to lock profits & trade with an eye on TAPE......sometimes "complacency" near TOP can cost dearly...NO..I do NOT know where the TOP is.....just being careful @ elevated level is a WISE strategy...

AH AMZN is "the superstar" UP a whopping 14.48% AH volume 4.29 million shares..all because of a major beat on EPS & Sales plus good guidance......

AH futures are all green

AH Oil UP

AH Gold UP

AH Nikkei UP .47%

VIX collapsed 6.89% to 20.69....

Friday could be the day when we hit further into S&P 500 1100 area.....

BLOG does NOT give buy or sell.

Saleem
at

6 comments:

  1. madmaxOctober 23, 2009 at 6:09 AM

    SALEEM

    J the Cramer says:
    Cramer's 12 Stocks to Play the Recovery
    Bank of America [BAC 16.52 --- UNCH (0) ]: BAC is a buy, Cramer said. He thinks the stock could go to $20.

    I agree that the market is showing some signs of weakness
    Still hoping for some love from my GE
    Look at the oils and Nat gas plays as this is to be a cold winter! thoughts?

    Best to all

    ReplyDelete
  2. madmaxOctober 23, 2009 at 6:13 AM

    SALEEM

    AUY got an upgrade!

    !Yamana Gold Tgt Raised To $14 From $12.50 By Natl Bank >AUY
    Thursday 10/22/2009 7:57 AM ET - Dow Jones News
    Yamana Gold Cut To Underperform From Sector Perform By CIBC >AUY
    Tuesday 10/20/2009 10:37 AM ET - Dow Jones News
    Yamana Gold Tgt Raised To $15 From $14 By Scotia >AUY
    Tuesday 10/20/2009 9:19 AM ET - Dow Jones News
    Yamana Gold Tgt Raised To C$14.75 From C$13.25 By Wellington >AUY
    Monday 10/19/2009 2:28 PM ET - Dow Jones News
    Yamana Tgt Raised To C$14.75 From C$13.25 By Wellington >AUY
    Monday 10/19/2009 2:26 PM ET - Dow Jones News
    BMO Had Yamana Gold At Mkt Perform >AUY
    Monday 10/19/2009 10:19 AM ET - Dow Jones News
    Yamana Gold Raised To Outperform By BMO >AUY
    Monday 10/19/2009 10:19 AM ET - Dow Jones N

    ReplyDelete
  3. Stocks100October 23, 2009 at 6:42 AM

    Hi Madmax,

    Thanks for your note re BAC & AUY.

    There is a chance that Nat gas may be in play due to winter.

    Saleem

    ReplyDelete
  4. standardshighOctober 23, 2009 at 7:20 AM

    Hi Madmax,

    Valero calls are being bought up. A bullish sign.


    Best Regards

    ReplyDelete
  5. standardshighOctober 23, 2009 at 9:36 AM

    Hi Madmax,

    GE very weak, MACD pointing down, RSI below 50. We may get to 13's yet.

    Unemployment in GA 10.1% increased from last month.

    Baltic Dry Index (BDI) +42 3043 nice!
    I'm loading up on GNK on a pullback.

    Best Regards

    ReplyDelete
  6. madmaxOctober 23, 2009 at 10:30 AM

    Standards

    thanks for the update

    Looks like you may get a chance to load up on GNK--$22.30 at last look

    Look at DVn and CHK for gas and oil play

    regards

    ReplyDelete