Tuesday, January 19, 2010

Dow & S&P 500 @ record close...NICE !!!!

Dow & S&P 500 had another record close...

My condolence to genius of wall street like Doug Kass,David Rosenberg,Robert Prechter,Roubini,Carter Worth who "talk the- most & know the-least" about market TAPE & MOMENTUM...they all have scored "F" since July......

Gold was UP $9.60 to $1139.70

In my portfolio :

Sold TSL

Sold SOLF

Portfolio is APWR,ASIA,AUY,IAG,PALM,POT,SLW,TC & FUQI call which is dying

AH IBM ER was greeted with selling ..Down AH 1.85% on 1.81 Million AH volume

AH CREE ER was stellar UP AH 10.90% on 1.26 AH volume

Germany will introduce legislation for cutback in subsidies on Wednesday which MAY pressure Solar stocks....will stay out until there is more clarity in terms of Sales & EPS......

Strong stocks were APWR,SOHU,IBN,AGU,ISRG,GOOG,IPI,
GS,MA,V,AAPL,NVDA,CSIQ,X.....

AH Futures are UP

AH Nikkei UP

AH Hang Seng Down

AH Shanghai Down

AH Oil Down

VIX closed lower @ 17.58 Down 1.84%

BLOG does NOT give buy or sell.

Saleem

5 comments:

madmax said...

SALEEM

Good morning

Looks like today could be a red day

Bank of America Corp reported a wider-than-expected quarterly loss of $5.2 billion, hurt by still-high loan losses and its repayment of U.S. government bailout aid. I wonder if earnings report had the loss built into the share price.

Looking for some action in hte shippers today


Cheers to all

Stocks100 said...

Hi Madmax,

RED...is the color....

Most sectors down.....

Saleem

psrajpal said...

How does GNK look at 23.00 - 23.30 range. It sold off sharply today.

Cheers !!

Paramjeet

standardshigh said...

Hi All,

GNK looks much better at 23! I bought too soon! The further deviation from the BDI the better.

Before market professional sales drove the market down 140 before open.

We may be getting some traction here. Saleem?

Best Regards

Stocks100 said...

Hi Standards,

Today is the first day of real selling...so we MAY close near lows of the day......

Tuesday COULD be "turnaround Tuesday"

Saleem