Dubai became another reason to BUY on weakness !!!!

So...world stock market was rattled by 6 months delay of $3 billion payment on a $60 billion loan???

World is swimming in bailout money in "trillions" and we are getting rattled by Dubai "real estate" bubble which was known to everyone who follows Middle East???

Real Estate BUST of Dubai was KNOWN for last 12 months.....thousands of project has been cancelled....developers have been arrested & fined for months ......

BUT.....markets ARE elevated..so someone had to make money on this "mini" event......

Hang Seng Down <4.84%>
Nikkei Down <3.22%>
China Down <2.36%>
Europe Down <3.0%>
Toronto Down <1.72%>

So ..it became Wall Street turn to "eat the crow"

Futures predicted that Wall Street will be down...but % down in futures were on the low end?

So we hit the skid and tumbled @ open...but by close in a shortened trading session we performed BETTER than all world exchanges?

Dow Down <1.48%> RSI 56.38

Nasdaq Down <1.73%> RSI 48.85

S&P 500 Down <1.72%> RSI 50.51

Only Nasdaq went below 50 DMA but closed well above.

So..based on "non Dubai event" markets are ready to RESUME their uptrend......

Remember we have been constantly told that each month from July to be Down but we have managed to close HIGHER & HIGHER each month......NOW for some of you it is NOT enough strength as you keep waiting for that "invisible shoe to drop"....????

It is SAD to see that so many traders have missed this "HUGE RUNUP" because they keep shorting this market /stocks based on the recommendations of Adami the failure of 09????

WHY would you listen to technicians who have been proven WRONG since July.....that is ETERNITY on Wall Street ?????

It is NOT too late to get in the game of making money instead of losing or not growing your hard earned wealth???? Why some are NOT doing it....BEATS ME !!!!

Retail sales as per FEAR mounted by skeptics is coming out AHEAD of predictions +.05% & Online Sales are zooming 35%+++

I am expecting markets to react to positive retail numbers......

Here is my $ allocation as of Friday's close :

TSL 31.90% Fully integrated Solar
AAPL 26.98% Tech/PC/Smartphone
M 11.41% Retail/Department Stores
LVS 10.61% Casino developer/ Operator
MRVL 10.50% Tech/PC/Smartphone chip supplier
SOLF 8.60% Fully integrated Solar

Although my portfolio is well diversified but it is heavily weighted in Solar with 40.50% & 37.45% in Tech ....

Please be diversified & ride this market UP with confidence by booking gains & buying stocks on pullbacks.

BLOG does NOT give buy or sell.

Saleem