Tuesday, May 11, 2010

Slightly negative close.....

Indices tried to move UP despite overnight & European weakness..but by end of the day only Nasdaq was barely green.....this is not bad considering we moved UP sharply day before.....

Gold & Gold stocks were the big beneficiary of negativity by moving UP to all time high....gold is looking deeply overbought......

Strong stocks which moved up 5% or more included CRUS,AUY,EGO,SLW,GG,
IAG,FUQI.......

AH CTRP ER was strong stock moved UP AH $1.38 in AH volume of 17,509.....

AH Futures are Down

AH Asian markets UP

AH Oil Down

AH Gold UP

BLOG does NOT give buy or sell.

Saleem

2 comments:

psrajpal said...

Sold CRUS today and locked the profits. Will wait for the right price to enter again.

MS down due to investigations. The sentiment could turn bearish later today and market may go down.

Thanks

Stocks100 said...

Booking profit never hurts.....

Market is looking strong !!!!

Saleem