Friday, November 5, 2010

Highest close in all indices...NICE !!!!

Indices fought back profit taking as buyers come in as we go lower intraday,indices are @ record close.....

This bull market is too strong to be ignored by sideline money,which will give another boost to this rally...

Internals were positive.....

VIX Down 1.4% @ 18.26

Stocks which were UP 2% or more included SOLF,PCLN,SLW,YGE,
GS,X,TCK,JDSU,FNSR,C,JASO,STP,SNDK,CRUS.....

By noon Saturday,i will list some trading ideas.

BLOG does NOT give buy or sell.

Saleem
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2 comments:

  1. charlieNovember 6, 2010 at 8:03 AM

    Hi Saleem.
    Thanks for all your great insights and recommendations!! Do you use the RSI indicator in conjunction with the bollinger band? charlie

    ReplyDelete
  2. Stocks100November 6, 2010 at 12:28 PM

    Hi Charlie,

    I believe in keeping it simple...RSI is my only indicator for analyzing market & individual stocks...

    Otherwise it gets very confusing in this fast paced market....

    I would rather be good in one indicator than be so so in many.....

    It definitely works for me.

    Saleem

    ReplyDelete