Monday, November 2, 2009

S&P 500 almost touched 50DMA @ high of the day????

Indices are back on track..with S&P 500 almost kissed 50 DMA today.....

Dow is well above 50 DMA...technically very strong signal that this correction MAY be over......

Gold UP $21.10

Oil UP $1.47

Canadian $ UP 65 tick

In my portfolio :

Added 18% GNK @ $20.24

Portfolio is AUY,COMS,GNK,MRVL,TSL......

Following stocks are RED in a bullish tape :

GNK,COMS,PWRD,POT,GS,DRYS,RIMM,NTES,C,WYNN,
BIDU,LVS,SOHU,CMED,VLO,SNE,GOOG,SOL.....

BLOG does NOT give buy or sell.

Saleem

3 comments:

standardshigh said...

Hi Saleem,

Baltic Dry Index (BDI) +82 3185

Strange that GNK would be down when BDI is moving up????

Best Regards

Stocks100 said...

HI Standards,

GNK & entire BDI sector is down????

Saleem

madmax said...

Standards

The whole shipping Sector is in the red

Do not know why
I will dig if I can

Good luck to all