Markets are taking all the good news & moving to "new HIGHER grounds"
Ben Bernanke comments added "fuel" to this bull market.......
Gold UP $1.80
Oil UP 64 cents
Canadian $ UP 57 tick to 98.08
In my portfolio :
Bought SLW @ $15.29
Portfolio is APWR,SLW,VXX,QID.....
Most stocks are UP
Following stocks are RED :
VXX,QID,TC,EGO,RIMM,TSL,PWRD,NTES,
IPI,ISRG,BIDU,PALM,FMCN,GG,BRCD,CTRN,
VLO,LDK,SNE.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Saleem,
I want to jump all over CAAS. Super chart, great fundies, but, I think we're pretty close to a top in the market. What's your take???
Hi Painterman,
RSI is off the charts, way overbought. Time for a pullback IMHO.
Best Regards
Hi Victor,
Market IS setting up for a "major tumble"
After end of Q buying..next Tuesday could be the day for start of a long bear correction....
Saleem
Hi Standards,
I know you were watching CAAS also. It backed way off and nows up about 3 bucks. I show RSI @ 63.5
which tells me there could be more upside. I'm guessing you would hold of and revisit down the road.
thanks for your thoughts.
Victor
Hi Painterman,
Always get burned chasing stocks. Especially at the highs of the market. Finally learning to take my time. RSI is cheap on CAAS, but the market can drag a good stock lower. What ever your comfort level is, I guess. If the market turns south CAAS will be a good play on the next upswing IMHO.
Best Regards
SALEEM
Good afternoon
Seems that the whole market is over bought
Europe has blown up-- The market has to digest all the news
Over due for a correction, IMHO.
CASS seems stretched--low volume and RSI is 60.
their are lots of really fine buys
GNK, APPLE, GS, LLY, BAC MO Q they got to come in some
Best to all
Hi C,
Europe was on fire today ..1% to 1.5% UP move today.....
Correction in US is overdue.....
Saleem
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