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
7 comments:
NINARRheaume
Wow what are you talking about
Regards
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
Hi C,
Financials are strong !!!!!
GNK is OK now after its pullback which happened yesterday.
Market will be pushed higher further $$$$
Saleem
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
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
Hi Saleem,
Nice, looks like we're headed higher.
Let us know when you believe it's getting frothy.
Best Regards
Hi Standards,
I am monitoring markets closely..will keep an eye on "sell signal"....
So far so good !!!!
Saleem
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