Indices closed UP 1.64% to 2.27%.....
S&P 500 closed @ 1206.07...this close is interesting because,many pundits on CNBC only yesterday, predicted no more than 1190 in any rally...Adami prediction was well below 1150 after a brief stop @ 1170 area ????
Internals of the market was strong.
Volume was above average in S&P 500/Nasdaq but highest in Dow.
Jim Cramer is advocating taking profit in many high fliers,which is very good suggestions for those who do not monitor market closely or not aware of improving fundamentals in some business.
AH futures Mixed
AH Asian markets UP
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
4 comments:
Good Morning to you Saleem
Lets see where gold goes today
Still got my BIDU and Lots of Ford.
What a mother of rallies yesterday!
I like your blog comments
thanks for all that you do
Hi C,
Good morning it IS AGAIN...
Gold is on a bull run again..so stay with AUY..i will post immediately IF i sell.
BIDU has been slow but moving...
Thanks for your feedback.
Saleem
Saleem,
NFLX is falling again. Is this the time to back up the truck?
FFIV take a break to start new bull charge?
Thank for the vote of confidence in the market.
I watched the news and saw many bearish analysts admitted they were wrong. When they switch side may be a good time to cash profit?
Michael
Hi Michael,
NFLX will be under pressure till Friday because of weekly Option Expiry.
FFIV is more than OK....Jimmy the Cramer likes to call the TOP in many stocks but FAILS each time.
I do not subscribe to CNBC TV as i see no value..keeps my mind fresh & objective.
CNBC is created for losers who love to talk but are mostly WRONG.
Saleem
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