Monday, April 12, 2010

Highest close in all Indices...NICE !!!!

All the Indices are sitting @ highest level in 19 months.....

VIX tumbled to 15.58 new 52 wk low & multi-year low.....

AH AA ER was a downer as usual......Down .55% in AH volume of 3.06 million shares.....

In my portfolio :

Sold RIMM

Sold TER

Sold MU

Portfolio is AGU only......

This is the first time that I had 4 profitable trades in one day EVER & NEVER traded 4 stocks in one day .....early in the morning i sold TC......Sold all my shares either @ highs of the day or 1 cent less...Not bad $$$$

WHY..this kind of trading.....technicals are scaring me in ignoring profits......

I will be going back to 20% exposure only from hereon......

WHY 20% exposure only.....because of technicals ..I want to limit my exposure.....

RSI is.... Dow 69.87...S&P 500 73.43...Nasdaq 75.04

AH Futures are RED

AH Nikkei is Down

AH Oil,Gold,Silver Down

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

SALEEM

Do not miss the continued run up--CNBC calls it a stealth rally-- what ever!

I am back to pre collapse funds--wow is all I can say
that is a huge statement for me to make but the last 12 months have been good to me

It is my trading stocks that do not always deliver for me--my funds do keep charging up.

So lesson learned is to know when to fold and maybe you are calling a temporary top here,

Hmmmm

Stocks100 said...

Hi C,

I am NOT calling a "temp TOP @ all "

I am just a "very nervous trader"

Got to lock profit in a hurry...

Congratulations on RECOUPING everything.......

Saleem