Wednesday, April 28, 2010

1 notch downgrade of Spain curbing enthusiasm for rally.....

S&P has downgraded Spain by 1 notch to AA...Portugal yesterday was downgraded 2 notch & Greece to Junk.......all this is curbing enthusiasm for rally......

Stocks are mixed with S&P 500 & Dow showing leadership while Nasdaq being weak.....

@ 2.15 PM ..Fed will release its policy statement..which will give comfort to the market

Gold UP $11.40 to $1173.10..new 2010 high

Oil Down 4 cents

Canadian $ UP 18 tick to 98.61

Portfolio is CIEN,RFMD,RIMM,TER.....

@ 12.19 following are green :

CIEN,RFMD,CRUS,EGO,TSL,ISRG,GS,BIDU,
GG,CSIQ,ABX,X,POT,AGU,AUY,SLW,GNK,IAG,
MS,KGC,ICE,AEM,VAR,IBN......

BLOG does NOT give buy or sell.

Saleem

5 comments:

psrajpal said...

GNK is showing a lot of strenght today. Up by 5%.

Stocks100 said...

GNK is near top end of the trading range.....either it breakout in volume or drifts lower.....

Saleem

standardshigh said...

Hi All,

Options traders today are buying bullish calls for more upside.

Go GNK! Maybe a dividend coming?

Best Regards

standardshigh said...

Hi All,

BDI breakout to the upside.

Oppenheimer analyst Scott Burk said the very large crude carrier day rate was about $59,000 Friday, up from about $20,000 to $30,000 a few weeks ago. 100% increase!

Best Regards

Stocks100 said...

Hi Standards,

Thanks for BDI update & option trading in GNK.....

Saleem