Wednesday, February 16, 2011

Guess what...indices closed @ another record...NICE !!!

Indices continues to make higher highs.

Internals were strong.....

Here is RSI read as of close :

Dow 74.78..recent high 80

S&P 500 71.70..recent high 78

Nasdaq 67.89..recent high 78

Why do i monitor RSI so closely , because it WARNS me in advance of potential OVERBOUGHT conditions....Not a science but it works for me.

Doug Kass has another flash..he is WAITING to add to his short.....he has been short for months which must have caused serious equity loss.....he firmly believes in being wrong again & again....fighting TAPE is his new MANTRA....

Stocks which were UP 4% or more included RIMM,SU,CNQ,
SOL,HSOL,BZH,ARUN,LDK....

AH ER NVDA is guiding higher , stock Down .34%

AH ER NTAP was a miss , stock Down 4.27%

AH ER AEM was a miss , stock Down 3.02%

AH ER KGC was a miss , stock Down .82%

AH Futures Down

AH Asian markets Mixed

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem
at

5 comments:

  1. cFebruary 17, 2011 at 6:19 AM

    Good Morning to all

    Saleem
    I see a lot of red today--Gold looking v green

    RIMM is green pre market

    It may climb again today..
    Sold my POT yesterday for a profit.

    Best to all

    ReplyDelete
  2. Stocks100February 17, 2011 at 7:15 AM

    Hi C,

    Great profit in POT...

    I sold RIMM & bought RVBD.

    Saleem

    ReplyDelete
  3. cFebruary 17, 2011 at 7:28 AM

    SALEEM

    Wow

    How astute of you

    I like RVBD
    Is RVBD a quick trade? and is it a good buy for now
    I am going to sell RIMM too as it is getting lofty here!
    $69.56 last I looked
    I only have 100 shares so it is not a big deal

    Best to all
    My KMB is doing OK as is NVS they are divi plays

    ReplyDelete
  4. Stocks100February 17, 2011 at 7:38 AM

    Hi C,

    Yes RVBD is a good stock @ this level.

    Good luck.

    Saleem

    ReplyDelete
  5. cFebruary 17, 2011 at 7:43 AM

    Saleem

    thank you

    ReplyDelete