Thursday, December 3, 2009

Job jitters pulled markets to low of the day @ close...

Markets are almost predictable in this bull run...pullbacks CAN occur when you feel confident that market are going UP.....Today was such a day...everything looked great before open.After Open S&P 500 zoomed to new highs.....traders were all smile then afternoon started lethargic & then near close sell,sell & sell.....

BUT....again markets go UP & every trader is happy for next day.......

Moral of this bull market is..... that you buy on any pullbacks.....has worked since March.....

Bears cannot be too excited on a small drop today.... OR maybe they are.... as they only get .54% to .84% decline

On Fast Money Dennis Gartman the commodity King was a guest host.....He was apologizing for turning into a Gold BULL NOW in British Pound...whatever that means..he could not explain himself @ all????

AH MRVL beat on Sales & EPS ...they are guiding Sales & EPS way HIGHER than consensus...MRVL got rewarded with an AH jump of 5.87% on AH volume of 1.21 million shares...expecting many analysts upgrades & price target increase...obviously estimates of EPS & Sales will go UP....

VIX jumped to 22.46 +6.34%

AH Futures are Down

AH Gold Down

AH Silver Down

AH Oil Down

AH Nikkei UP

AH Hang Seng Down

BLOG does NOT give buy or sell.

Saleem

8 comments:

c said...

SALEEM

I saw Dennis Gartman ---and Guy Adamni (sp) both were pathetic
They seemd lost and unsure of them selves
they said that APPLE and AMAZON are still amazing them, one should hold sell them but they said we do not know what to do! that is my take on what they said last night....

I am looking at maybe open a position again in GNK????

I love your blog today --great....
M

Stocks100 said...

Hi C,

Bears like Adami will use anything to confuse traders....

GS & AAPL are resting before they take off AGAIN.....

Gartman is a bad trader like Adami..Gartman runs a fund in Canada .it is up only 2% while market is UP 65%...talking & trading well are two different things....

GNK is a great trading stock $$$$

I am glad you liked my BLOG content.

Saleem

c said...

SALEEM

I thought that this might be of some value to all:

APPLE to AMAZON comparison:
http://thelion.com/bin/forum.cgi?sf=amzn...

Stocks100 said...

Hi C,

AMZN just needed a rest like yesterday..today will be a different story.....

Its business IS on FIRE !!!!

Saleem

c said...

Saleem

here is my daily analysis of out stocks or what I like:

GS looks ready for a break out--the financials are past due to participate:

NAME Target RSI
APPLE $231.00 45.9
AGU $59.00 67.4
AMZN $114.00 75
AUY $9.75 58.7
Citi $2.75 41.5
DSX $23.00 53.9
DVN $97.00 43.6
EXPE $23.00 59.2
MRVL $23.00 61.9
GNK $40.00 53
GS $210.00 37.7
GE $23.00 54.6
LVS $28.00 48.6
POT $173.00 71

Stocks100 said...

Hi C,

Thanks for RSI analysis !!!

Saleem

c said...

Saleem

what happen to the market
AMAZON crashed as is AGU and APPLE

thoughts

Stocks100 said...

Hi C,

Read my latest BLOG analysis.

Saleem