Dow & Nasdaq are green while S&P 500 is down 1 point.
Dow just moved above 50 DMA...very good technical picture for market......
Gold UP $11.50
Oil UP $1.04
Canadian $ UP 4 tick @ 102.03...despite Govt falling & new election in the cards.
Portfolio is BAC,RIMM,RVBD,TCK......
TCK lowered 2011 guidance based on production / labor issues.....
BAC was denied increase in dividend by Fed.....
Most stocks are UP
@ 1.21 following are RED :
BAC,TCK,AAPL,ARUN,PLCM,GS,CCJ,
M,CREE,CNQ,SU,AMCC,SNDK,NVLS,
FUQI,FMCN,ECA,SNDA,IGT,NTES,
FSLR,ISRG,SNE,GNK,FWLT.....
AH MU reports, expecting a beat.
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteWe are getting there. We need just one more Green day for NASDAQ and S&P to be above 50DMA.
RIMM and TCK got pinned down. However, most of other stocks are up.
BIDU is on fire.
Michael
Hi Michael,
ReplyDeleteToday's TAPE is extremely encouraging.
RIMM & TCK is almost unch.....TCK TAPE is extremely impressive...now we go UP....
BIDU...what a move UP $$$$$$
Saleem
S
ReplyDeletethank you for your blog
YOU made a great call on the stock market
I was felling that the volume was way low
So i sold lots of my shares
Apple was old at a $4,400 profit--seldom done by me. Ti much Japan bashing for me and Jobs may retiree...
SLW ands BIDU were sold then they took off --darn it
now I am looking at oils and evep, fcx and copper plays are hot
best to all
Hi C,
ReplyDeleteThanks for your appreciative note.
Dont feel bad about stock taking off after selling...it happens to all of us "repeatedly".....
Japan is the "most civilized & hard working society"..remember they gave us LEXUS......I expected them to handle all challenges in a "calm & dedicated" manner..NOT in "front of TV".... but where the work was......
Japanese were being portrayed as "incompetent" in CNBC hysteria...FACTS will always prove otherwise......
$4k+ is pretty good profit in AAPL...
Saleem