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

6 comments:

madmax said...

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

Stocks100 said...

Hi Madmax,

Many stocks are WEAK....

Good luck with your portfolio.

Saleem

madmax said...

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

Stocks100 said...

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

madmax said...

SALEEM

thanks much for the tips

I still do not get the VIX I will!

thanks

Stocks100 said...

Hi Madmax,

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

Saleem