Thursday, March 3, 2011

Indices closed UP 1.59% to 1.84%...NICE !!!!

Indices had a broad based rally today despite non-guru's of CNBC were calling for 1175...S&P 500 closed @ 1330.97...many technicians were sure that 1320 was the "mother of all resistance"

Internals were as follows :

UP volume led by 5.22 to 1 in NYSE & 6.88 to 1 in Nasdaq

Advancing stocks led by 4.38 to 1 in NYSE & 3.33 to 1 in Nasdaq

New highs were 217 in NYSE & 149 in Nasdaq.....

Stocks which were UP 3% or more included RIMM,RVBD,APKT,
PCLN,PLCM,IBN,BAC,MGM,CIEN,FNSR,LSCC,CRUS,ARUN,EBIX.......

Friday @ 830 AM, it is all about Jobs report ..consensus is Job growth of 185,000
there is a very good chance of EXCEEDING that number.......

AH ER SLW was a beat & start of dividend, stock UP .96%

AH MRVL guiding lower, stock Down 6.37%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

Here are stocks which are flashing BUY signal.Please ensure your OWN due diligence by checking FA/TA/TAPE & make your OWN decision :

RIMM,RVBD,SNDA,TUES,ACI,BX,CVS,FXI,AMAT,
APKT,CIEN,FMCN,NTES,PLCM,GNK,WEN,CRUS,
HLIT,MU...

BLOG does NOT give buy or sell.

Saleem
at

7 comments:

  1. cMarch 4, 2011 at 6:18 AM

    GOOD MORNING TO ALL

    Saleem
    SLW is awesome! up in premarket
    I got more Ford --it has gotta move on up....

    RIMM shows red should I grab some pre market??

    thanks
    bless all
    Good luck

    ReplyDelete
  2. Stocks100March 4, 2011 at 6:20 AM

    Hi C,

    You know i have RIMM as major part of my portfolio.......need i say more.....

    Good luck with your decision.

    Saleem

    ReplyDelete
  3. psrajpalMarch 4, 2011 at 7:13 AM

    Saleem - How can you read the market so precisely. Switching FFIV to RVBD and RIMM was the smart move.

    RVBD is on fire today.

    BTW - I am still holing FFIV and RVBD that I bought late Jan. No positions on RIMM though instead got some STEC when it was on low 20's.

    Any good picks for today's market specially GNK, DRYS, Agro stocks, Solar (JKS) that you have your eyes on and would like to share?

    Thanks

    Paramjeet

    ReplyDelete
  4. Stocks100March 4, 2011 at 7:30 AM

    Hi Paramjeet,

    I added 120% in NVDA..looks very good.

    Stay out of solar & Shipping for now.....

    Saleem

    ReplyDelete
  5. cMarch 4, 2011 at 8:16 AM

    Hello
    Paramjeet

    I like POT AGU, MOS, etc

    POT has the best ratings
    So I am trying for a low offer price below $61

    Just a thought!
    SLW is also awesome
    best of Luck
    I did buy RIMM today at $67.50

    ReplyDelete
  6. MichaelMarch 4, 2011 at 9:27 AM

    Saleem,

    I picked up some RIMM at 66.4. I think it is a good entry point. Thanks.

    Michael

    ReplyDelete
  7. Stocks100March 4, 2011 at 10:12 AM

    Hi Michael,

    Good luck with RIMM.

    Saleem

    ReplyDelete