Dow is leading the charge by jumping to new 52 wk HIGH.....
Dow was the most resilient when we went down....so it is again strongest on its way UP......
US$ tumbled to 15 month low......so much for "crowded trade mantra"
Commodity based stocks are on fire....
Gold Jumped to another all time HIGH currently UP $11.70 to 1106.80
Oil UP $1.80
Canadian $ UP 1.68 cents strongest move in weeks.....94.70 cents US for 1 CAD......
In my portfolio :
Sold AUY
Sold LVS
Sold POT
Sold SLW
Portfolio is GNK & MRVL......
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem
Locked in a profit
Good for you!!
We both got GNK, and MRVL
My APPLE is FLYING over $200 now and looking for a target of $220 or even higher APPLE may close above $205 today -- but is is light volume
--Apple was given new excitement by J Cramer.
GS is on a come back as are most financials.
thoughts?
Hi Madmax,
Yes..booking profit is "job #1"
AAPL looking GOOD.....it should take out $208+ high easily....
Saleem
SALEEM
the BDI is a rocking today09 November 2009
Baltic Dry Index (BDI) +87 3480
Rates
BCI
(Cape index)
BPI
(Panamax index)
BSI
(Supramax index)
INDEX
5764
+181
3612
+56
1917
+29
SPOT 4 TCE AVG (USD)
60841
+2214
29003
+454
20049
+313
YESTERDAY (USD)
58627
28549
19736
YEAR AGO (USD)
5293
6690 5443
Hi Madmax,
Thanks for bdi info.....
GNK should "rock pretty soon"
Saleem
Hi Saleem,
Hey I'm not knocking success, but where did that come from? Seems to have a mind all it's own. I can see the pull back and continued up move but, the economic news is not good enough, in fact it is gloomy. It's spooky.
Best Regards
Hi Standards,
This market is "unpredictable"..so it is "smart" to be 50% invested near LOWS.....
I am 70% cash NOW......
Saleem
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