Indices fought all the doom & gloom generated by CSCO & Jobless claims hitting higher than expectations.....By close many stocks found a firm footing & actually closed higher....based on panic generated by CNBC last night & this AM..this certainly was NOT the expected outcome.
Today's TAPE was another display of ongoing strength of this market...we are NOT hitting 1010 or any other crazy lower number put out by perma bears......
Gold was the leading sector today with a solid gain...BUT CNBC is playing the gold card too much daily in every show..so we MAY be getting overbought ......
In my portfolio :
Sold EGO
Sold IAG
Bought RIMM @ $54.23
Portfolio is BIDU,LVS,RIMM.....
Stocks which gained 3% or more included LVS,EGO,AGU,SOL,
POT,SOLF,AUY,JASO.....
AH Futures UP
AH Asian markets mixed
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
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