Wednesday, November 4, 2009

Markets "reversed" AGAIN ?????

Market lost its momentum & reversed towards the close......the slump was very steep & indices barely made it above lows of the day......

I am "very concerned" @ this "frequent reversal lately"...NOT a good technical indicator of markets health......

I have reduced my market exposure to 50% only...lowest point since march lows....it is for my OWN comfort level......

In my portfolio :

Bought POT @ $94.66

Bought LVS @ $14.86

Portfolio is AUY,GNK,LVS,MRVL,POT,SLW....as you can see my exposure is tilted towards commodity/economic activity related sector ...

AH Futures are mixed

AH Nikkei is down

AH Gold is UP

AH CSCO ER was greeted with 2.83% gain......

BLOG does NOT give buy or sell.

Saleem

2 comments:

madmax said...

GOOD Morning to you kind sir...
Looking mighty GREEN today

Here is my analysis of our common and not so common stocks:

AAPL $231.00 52.58
AT&T(T) $13.00 42
AUY $9.75 54
CHU $9.50 50
DSX $23.00 43.7
GNK $40.50 41.4
GE $23.00 36
GS $150.00 39
MRVL $23.00 46
SLW $13.75 58.46
LVS $13.75 55.5
POT $84.00 48

Stocks100 said...

Hi Madmax,

Thanks for your analysis.

Markets are looking UP...

It is all about Jobs data Friday 175K loss is consensus.

Saleem