JPM cautious economic & profit picture gave lot of negativity...Indices struggled whole day and closed slightly above lows of the day.......
Gold Down
Oil Down
VIX closed @ 17.91 UP only 1.59%..sign that markets will rebound quickly.....
Solar stocks had another bad day due to German pending cutback in subsidy...
By 12 noon Saturday..I will list buy rated stocks.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi All,
Bloomburg News Article Friday AH - "Shipping stocks set sail on rally in Baltic dry index"
Chinese demand and bad weather pushing rates higher.
Best Regards
Saleem,
I have a feeling that solar stocks will go even lower in short term because of the fear gripping in that other european countries will reduce subsidies. Long term the sector is attractive but we can see a lot of volatility in short term.
ETFC rocketted late during the day. What are your thoughts on E-Trade as a speculative play.
Thanks
Paramjeet
Hi Paramjeet,
Solar like any sector will react to any surprise from Germany which IS a huge market.....
Germany will announce actual decision on Monday.....IF it is as bad as what rumour is then we go down some more...IF it is slightly BETTER then we snapback????
ETFC is a good speculative play....
Saleem
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