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
4 comments:
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
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.
Hi Madmax,
Thanks for BDI info....
Sold GNK....
Booking profit like a "drunken sailor"
Saleem
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
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