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
at

3 comments:

  1. standardshighNovember 2, 2009 at 9:58 AM

    Hi Saleem,

    Baltic Dry Index (BDI) +82 3185

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

    Best Regards

    ReplyDelete
  2. Stocks100November 2, 2009 at 10:07 AM

    HI Standards,

    GNK & entire BDI sector is down????

    Saleem

    ReplyDelete
  3. madmaxNovember 2, 2009 at 12:33 PM

    Standards

    The whole shipping Sector is in the red

    Do not know why
    I will dig if I can

    Good luck to all

    ReplyDelete