@ close Nasdaq was the weakest followed by S&P 500 and Dow was slightly red......
Nasdaq volume was the heaviest of the three indices....
Internals were not extreme ..a very good sign.....
This was an overdue pullback of minor magnitude..Dax in Germany was down 1.61% today.....
China tweaking interest rate by 8 basis point to 1.84% is being "exploited by shorts" who have been wrong about markets for months.....it is a non event in scope....
VIX closed @ 18.25 up 3.99%..a minor jump on a negative day.....
AH Futures are Green
AH Nikkei Down
AH Hang Seng Down
AH Shanghai Down
AH Oil Down
Market should find footing by close on Wednesday.....as indices RSI are below 60 on most of them....
BLOG does NOT give buy or sell.
Saleem
7 comments:
SALEEM
I sold my AGU
I could not take it seeing my gains disappear!
Ah well !! no one ever got hurt taking A gain! I really wanted to hold my AG.
Thoughts ?/
C
Regards to all
Hi C,
Trading should be unemotional...done is done..profit is profit$$$$
Saleem
Hi C,
Saleem is right. A profit is a profit. Even the best traders only get it right 60% of the time. You can always buy it back when it is in vogue again.
Best Regards
Hi All,
Check out TXT. Institutional buyers of options, scooping up FEB 23 calls. Stock consolidating for 3 months now. Expecting breakout soon.
Best Regards
Standards
TXT could break out RSI is good as is MACD:
Opinion NEUTRAL FROM AVOID Date Opinion Formed 1/11/2010 Price Opinion Formed 20.38
Score 2 C-Rate 0.0 UPGRADED
Could be a buy and pays a divi
Hi All,
Bought TXT
TXT should beat and guide higher
Hey C, what does your analysis say of GNK. I would like to get it close to 22. It has been consolidating also.
Best Regards
Standards
I am a follower of DRYS and sold all DRYS DSX and my GNK
that said: RSI, 56, target $40 at a price under $25 it is a bargin:
as is FRO and SFL a bargin:
Close as of week ending 01/08/2010
Opinion
Opinion NEUTRAL Date Opinion Formed 1/4/2010 Price Opinion Formed 22.38
hope this helps I may get some GNK
the sell off created some bargins
I bought TXT too!
Regards
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