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