Markets were in a buying frenzy until the closing.....
S&P 500 was the biggest % mover UP 2.22%......
Nasdaq closed @ absolute High of the day.....
All indices closed near high of the day.....
Internals were strong as advancing volume were leading by a wide margin .....
We ARE reaching euphoria stage in markets..where we will make new 09 HIGHS all over....BUT it will be "smart" to book gains......
US markets are known for Rangebound trading...so be very careful with all the "hoopla" that NOTHING can stop this market now MANTRA......
I personally will NOT put more than 50% in terms of $ allocation & will trade stocks ......
Higher we go.... more "vulnerable" we will be for a sharp correction.......
IF I sound cautious..I AM......because serious profit has been made and I want to PRESERVE it by not getting EUPHORIC.....
AH PCLN ER was beat & stock is UP AH 8.16%..well above 52 wk high.....
AH Futures are mixed
AH Oil is Down
AH Nikkei UP 1.43%
VIX @ 23.15 down 4.3%
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
Hey who knew that the market would blast
J Cramer love these picks:
AAPLE his target $300
Amazon-K Finerman no like Amazon No target mentioned
GS his target is $200
BAC no target mentioned
He was also loving DSX again last night saying the best shipper out here better than FRO and NAT& DRYS.
No mention of GNK
I own GS, AAPL, and GE and DSX.
MARVEL may take some time to rally --
Good luck to all
Standards take care, and what you buying?
M
Hi Madmax,
AAPL,GS..are great stocks.....
Market has to digest yesterday's HUGE jump......
Saleem
Hi Madmax,
At the present, not buying anything. I may buy puts on SPY, the market seems stretched and tired. GNK nearing top of range 23 in range bound market. Will consider buys after pull back only. GE will be a buy in pullback.
Best Regards
Hi Madmax,
Opps! GNK already headed back down. Recent low was $18.95 with plenty of support. BDI prices should boost next quarters results. DRYS shares diluted to the max.
Best Regards
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