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

7 comments:

c said...

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

Stocks100 said...

Hi C,

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

Good luck with your decision.

Saleem

psrajpal said...

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

Stocks100 said...

Hi Paramjeet,

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

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

Saleem

c said...

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

Michael said...

Saleem,

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

Michael

Stocks100 said...

Hi Michael,

Good luck with RIMM.

Saleem