Thursday, October 22, 2009

Dow showing leadership today.....Nice !!!

Yesterday's REVERSAL brought worldwide selling ......

Dow is showing leadership today & giving support to market...There is a very good chance that we reclaim Dow 10K...

Gold Down $10.50

Oil Down 90 cents

Canadian $ Down 23 tick....Canadian GDP is expected to grow 3.3% in 2010 according to Central Bank of Canada today....

In my portfolio :

Bought GNK @ $22.93

Portfolio is AUY,BAC,COMS,GNK,MRVL,RIMM...

@ 12.05 following are GREEN :

RIMM,COMS,GNK,AA,GS,POT(ER was a beat by 1 cent),
RCI,AGU,PALM,ISRG,BIDU,MA,FMCN,CTRN,VAR.

BLOG does NOT give buy or sell.

Saleem
at

6 comments:

  1. madmaxOctober 22, 2009 at 9:22 AM

    SALEEM

    just watch my GS romp today

    AAPL was at $207 sold off dang it....

    My beloved GE is crapping

    I thought that AT&T would do better--the iPhone was huge success
    Regards

    ReplyDelete
  2. Stocks100October 22, 2009 at 9:33 AM

    Hi Madmax,

    Many stocks are WEAK....

    Good luck with your portfolio.

    Saleem

    ReplyDelete
  3. madmaxOctober 22, 2009 at 11:22 AM

    SALEEM
    here is a little research:
    Name tgt rsi resistence
    AAPL $231.00 59 191
    GE $23.00 41 16.11
    AT&T $13.00 45 26.03
    DSX $23.00 59
    GS $166.00 50 189
    BAC $25.00 41 17.67
    AUY $9.75 58 12.75
    MRVL $23.00 42 15.52

    I hope some one can profit
    My GE is looking to run up as is MRVL

    best to all

    ReplyDelete
  4. Stocks100October 22, 2009 at 11:27 AM

    Hi Madmax,

    Thanks for your list of stocks.

    For trading purpose use 4 month RSI from "www.stockchart.com" which gives a true picture of overbought or oversold condition....

    Saleem

    ReplyDelete
  5. madmaxOctober 22, 2009 at 11:50 AM

    SALEEM

    thanks much for the tips

    I still do not get the VIX I will!

    thanks

    ReplyDelete
  6. Stocks100October 22, 2009 at 12:25 PM

    Hi Madmax,

    Do not worry about VIX..it is not a critical indicator..for trading.

    Saleem

    ReplyDelete