Tuesday, November 10, 2009

Another 09 high for Dow....NICE !!!!

After a huge run on Monday...market digested the gain & by close almost all of the Indices tried for green but only Dow finished green......

S&P & Nasdaq were barely red......

Today's close was very impressive as Dow had a follow through Gain ......

This market is "strictly" stock pickers...the more you follow & anticipate TAPE, easier it will be to make money.....

Techs,Precious Metals,Commodities are showing strength.......

I am 50% invested with a strong bias on trading....selling on strong days & buying on weak days...flipping in many sectors.....

VIX Down 1.34% to 22.84...30 to 20 is the range lately....30 means markets oversold...20 means markets overbought????

AH Futures are all GREEN...

AH Nikkei UP .22%

AH Hang Seng UP .94%

AH China & Singapore also UP

AH Gold ,Silver,Oil are UP....

BLOG does NOT give buy or sell.

Saleem
at

4 comments:

  1. madmaxNovember 11, 2009 at 8:37 AM

    SALEEM

    Good Day Sir:

    BDI is off and climbing up FAST!!

    11 November 2009 http://www.dryships.com/pages/report.asp

    Baltic Dry Index (BDI) +133 see link below 3748
    Rates BCI
    (Cape index)
    BPI
    (Panamax index)
    BSI
    (Supramax index)
    INDEX 6392
    +279
    3787
    +103
    2021
    +63

    SPOT 4 TCE AVG (USD) 67385
    +2969
    30430
    +837 21129
    +661

    YESTERDAY (USD) 64416
    29593
    20468

    YEAR AGO (USD) 4508
    6703 5551

    ReplyDelete
  2. psrajpalNovember 11, 2009 at 8:48 AM

    I follow your blog very closely. I sold all my positions in GNK today at 22.31 and made handsome profit. MRVL is showing some selling at the high end as well.

    What is your take on JASO. It had a good quarter but the stock price went down due to a downgrade.

    ReplyDelete
  3. Stocks100November 11, 2009 at 9:33 AM

    Hi Madmax,

    Thanks for BDI info....

    Sold GNK....

    Booking profit like a "drunken sailor"

    Saleem

    ReplyDelete
  4. Stocks100November 11, 2009 at 9:35 AM

    Hi Rajpal,

    Thanks for visiting my BLOG.

    Good move in booking profit in GNK...

    MRVL will move with ER Dec 3rd...

    JASO...TAPE is very WEAK....

    I only have CSIQ in that sector....

    Saleem

    ReplyDelete