Tuesday, March 9, 2010

Green close in Indices....NICE !!!!

Nasdaq closed @ highest level since March crash & IS near Sep 08 level....highest point in almost 19 months.....

Dow & S&P 500 are getting close to taking their Jan 10 highs........

RSI closed @ these levels :

Dow 62.89

S&P 500 66.60

Nasdaq 71.65

There is a sense of euphoria setting IN & everybody IS getting very comfortable with this UPtrend....so CAUTION is necessary by booking profit IF you have ANY.....a reduced exposure MAY not be a bad idea as we cross 1160 in S&P 500......

VIX closed @ 17.92 UP .73%...it is possible that VIX MAY go to new 52 wk lows.....

AH Futures are mixed

AH Oil,Gold,Silver Down

AH Nikkei & Singapore UP

BLOG does NOT give buy or sell.

Saleem
at

7 comments:

  1. cMarch 10, 2010 at 5:21 AM

    NINARRheaume

    Wow what are you talking about

    Regards

    ReplyDelete
  2. cMarch 10, 2010 at 5:33 AM

    SALEEM
    Good morning to you

    Looking good for banks and GS! Get some Citi bank?

    Dunno, the market is looking frothy at this level.

    GNK is looking strong today--RSI is 50! BDI is down today

    Baltic Dry Index (BDI) -49 3210
    Rates
    BCI

    (Cape index)

    BPI

    (Panamax index)

    BSI

    (Supramax index)
    INDEX
    3679

    -198

    4044

    +1

    2552

    +44

    SPOT 4 TCE AVG (USD)
    35044

    -2387

    32529

    +9
    26682

    +460

    YESTERDAY (USD)
    37431

    32520

    26222

    Best to all

    ReplyDelete
  3. Stocks100March 10, 2010 at 6:31 AM

    Hi C,

    Financials are strong !!!!!

    GNK is OK now after its pullback which happened yesterday.

    Market will be pushed higher further $$$$

    Saleem

    ReplyDelete
  4. cMarch 10, 2010 at 7:42 AM

    SALEEM
    their are a lot of tempting buying buys out there

    But the RSi is way High
    rsi Tgt Resisdence
    gnk 52 $10.00
    GE 61
    C 77
    GS 69.5
    AGU 65 88 69.21
    I guess I will wait it out

    ANy ideas

    thanks

    ReplyDelete
  5. Stocks100March 10, 2010 at 7:48 AM

    Hi C,

    IAG 51.05,SLW 54.35,EXPE 55.72,BRCD 38.15,MU 60.79.....buy all of them & spread the money around.

    Saleem

    ReplyDelete
  6. standardshighMarch 10, 2010 at 8:37 AM

    Hi Saleem,

    Nice, looks like we're headed higher.

    Let us know when you believe it's getting frothy.

    Best Regards

    ReplyDelete
  7. Stocks100March 10, 2010 at 8:57 AM

    Hi Standards,

    I am monitoring markets closely..will keep an eye on "sell signal"....

    So far so good !!!!

    Saleem

    ReplyDelete