Thursday, June 17, 2010

Nasdaq closed UP six day's in a row....NICE !!!!

All Indices closed UP despite challenging economic data...

Nasdaq has rallied six day's in a row despite skepticism & disbelief by many Gurus.....

Nasdaq is only 49 points away from 50 DMA......which I will not rule out in this run.....

RSI in Nasdaq is 53.52 far far away from 80+we saw back in April......

Strong stocks which were UP 2% or more included CRUS,SLW,EGO,PIR,IAG,GG,
AMCC,SOL,FSLR,OVTI......

In my portfolio :

Sold PIR

Bought CREE @ $68.60

Portfolio is BIDU,CNQ,CREE,LVS,SNDK,SOLF,TCK....

AH Futures Down

AH Nikkei & Singapore UP

AH Gold & Oil Down

Friday is Option Expiry....could be an interesting day.

BLOG does NOT give buy or sell.

Saleem

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