Tuesday, August 17, 2010

Be greedy when others are fearful..Market UP...NICE !!!!

Indices are proving once again that it can fool the best of "chart readers"......

Indices are UP from 1.35% to 1.52%......

Dow is above 50 DMA & is ready to take out 200 DMA.....

S&P 500 is above 50 DMA

Nasdaq still below 50 DMA by about 14 points.....

SO..indices are pointing North ????

Headline quote is from best investor Warren Buffett......it pays to listen to sharpest mind on planet Wall Street....

Gold UP $1.40

Oil UP $1.01

Canadian $ UP 1.14 cents to 96.92

VIX Down 7.78% to 24.07

In my portfolio :

Sold BIDU

Added 80% more RIMM @ $50.12

Bought AUY @ $10.13..showing relative strength in gold mining sector....

Portfolio is LVS,RIMM,AUY......

Most stocks are UP

BLOG does NOT give buy or sell.

Saleem

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