Wednesday, January 6, 2010

S&P 500 added another new HIGH...NICE !!!!

Markets are fighting negative economic data and getting ready for the best news in a year on Friday...Jobs report will actually show jobs being created vs expectations of another decline of 8k..that should set up a nice rally AGAIN......

Markets generally anticipates a "trend changing event like Jobs GROWTH" & MAY rally on Thursday....

Gold continued its RUN

Oil @ higher grounds thanks to deep freeze

Canadian $ closed UP @ 96.89..close to its HIGH

Solar stocks were on fire again..2nd tier solar led the pack SOLF UP 13.39%,SOL UP 11.81%

Strong stocks included POT,AUY,SLW,TC,AGU,CREE,AA,
IPI,CMED,PALM,NDN,X,JRCC.....

AH Futures are Mixed

Nikkei UP

Shanghai,Hang Seng Down

VIX closed @ new 52 wk low @ 19.16....

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

SALEEM
good morning sir

Looking like a red day!
No joy over GE. GS continues to flip flop on me.

Lookinf at APPLE to go to tjhe moon wehn the tablet annoumcement comes end of January.
The pundits belive their is room for Kindel and the Tablet, both will make money.
AGU and MOS are at new hights-POT has recovered.


Have a great day

Stocks100 said...

Hi C,

Small red is ok..close is more important.

AMZN,AAPL are great companies.

Saleem