Friday, July 9, 2010

Higher highs in all indices..before pulling back.....

Indices are trying to make four days in a row of green close...it has a good chance of doing just that....

All indices went to higher highs four days in a row...sign of technical strength.....

Gold UP $17.20

Oil Up 6 cents

Canadian $ UP 1.13 cents to 96.82..Canadian Jobs report were way stronger than economists consensus of 15k to 20k..actual 93,200...that group of economists includes David Rosenberg..who cannot even predict Canadian economy BUT pretends to know all the bad things about US economy.....Unemployment rate in Canada went down to 7.9%....

In my portfolio :

Doubled my position in CSIQ @ $11.28.....still my smallest position overall.....it is my "speculative play"

Portfolio is BIDU,CSIQ,CREE,EGO,SNDK....

@ 12.59 following are green :

EGO,RIMM,POT,GOOG,GS,LRCX,RY,MS,
BCSI,IBN,MA,V,X,AGU,IAG,GG,SLW,TCK....

BLOG does NOT give buy or sell.

Saleem

2 comments:

Michael said...

Hello Saleem,

It has been a good week with green color on the market. SNDK showed some weakness in a couple of days when most of stocks have been up. I got some CSIQ since it was down due to the EURO weakness and now EURO has been stable, so it should move up with the market.

Michael

Stocks100 said...

Hi Michael,

Yes..SNDK is resting until it is ready to move UP...

CSIQ had back to back issues with production,cost & booking of sales..hopefully it is all in rear-view mirror..

Good luck with your portfolio.

Saleem