Friday, February 19, 2010

Higher highs & all Indices above 50 DMA....NICE !!!!

Remember CNBC famous "major resistance of 1100 in S&P 500"....it sliced like a piece of cake and making "higher HIGHS"......it pays NOT to listen to "chickens with NO GUT or SPINE"

SO..what happened to disaster in markets with Fed discount hike ????

Dow,Nasdaq & S&P 500 all are ABOVE 50 DMA......

You need to have a strong backbone in this market...cannot JUMP with every news.....you need to KNOW the real meaning & its IMPACT in your portfolio.....

CSIQ warned about its margins on several front......all solar stocks are under pressure..also FSLR margins are coming down faster...FSLR Down $8+,CSIQ Down $3+....

Gold Down $3

Oil UP 62 cents

Canadian $ UP 3 tick @ 96.05 US for 1 CAD

Portfolio is APWR,IAG,PALM,SLW,TC,TSL....

@ 12.27 following are green :

TC,SLW,IAG,MRVL,GNK,TCK,CREE,ISRG,IPI,
GS,MA,LVS,M,X,RCI,ECA,CTRN,ICE,CCJ,
WYNN,ABX.....

BLOG does NOT give buy or sell.

Saleem

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