Thursday, July 8, 2010

Higher Highs then pullback....normal Tape !!!!

Indices went to higher highs then profit taking sets in......

Indices pullback is normal after back to back jump.....

Initial jobless claims were less than consensus..sign of job situation getting better gradually...

European markets are UP third day in a row....

Euro @ 1.2660 Highest level in weeks...

Gold down $6.70

Oil UP 94 cents

Canadian $ UP 51 tick to 95.79

In my portfolio :

Bought EGO @ $16.56

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

Most stocks are down....

@ 12.25 following are green :

POT,AMZN,GOOG,MS,TSL,STP,JASO,
MA,AGU,CNQ,TCK,IPI,M,V,IBN,FMCN,
RCI,ECA,SNDA,LULU,FUQI,NYX,FSLR,
LDK,SPWRA,FWLT,SNE....

BLOG does NOT give buy or sell.

Saleem

4 comments:

  1. Hello all

    DD dod not disappoint
    my APPLE is sold and holding the NLY and AEL

    Hope all are well and doing very fine

    Regards

    ReplyDelete
  2. Hi Madmax,

    Nice trade in AAPL.....

    Good luck with NLY & AEL

    Saleem

    ReplyDelete
  3. SALLEM

    I hope all is well
    I am off work for a few days
    so I have chat time

    I as doing very conservative buys
    I gotta see if the market is fooling us or if it is trending up this time
    it is so HARD to tell
    The RSI tells that the market is over sold !! volume is on the low side in MHO
    ANy way your blog is a help an oasis in a dry land and you offer us no hype and solid opinions
    thanks

    ReplyDelete
  4. Hi Madmax,

    Nice to have few days off from grind.....

    Your feedback is very valuable.

    markets are extremely difficult these days....can drive anyone insane by swinging in red then green....

    So far so good !!!!

    Saleem

    ReplyDelete