Thursday, March 10, 2011

Indices Down 1.80%...only Nasdaq below 50 DMA ...

Dow & S&P 500 are above 50 DMA after dipping below......

Nasdaq is below 50 DMA which is @ 2745.30, Nasdaq currently @ 2717.58...

Gold Down $17.40

Oil Down $2.80

Canadian $ Down 65 tick @ 102.57

VIX UP 3.41% @ 20.91

In my portfolio :

Sold NVDA

Portfolio is RIMM & RVBD

Most stocks are Down

@ 1.26 following stocks are green :

SOL,CMG,NFLX,BIDU,CREE,FFIV,JDSU,
FUQI,CRUS,SINA,SNDA,NTES,GMCR....

BLOG does NOT give buy or sell.

Saleem
at

2 comments:

  1. MichaelMarch 10, 2011 at 10:51 AM

    Saleem,

    It is amazing. You read the tape 100% correctly. This morning I sold half of my portfolio before the market open to reduce the damage. I will wait until you are comfortable with the tape to add back in. Thanks for information.

    Michael

    ReplyDelete
  2. Stocks100March 10, 2011 at 10:57 AM

    Hi Michael,

    I study market internals plus TAPE action in many stocks like a religion...it tells me more than what i need to know.

    TAPE & TECHNICALS foretells what can come very quickly.

    I am optimistic by nature but NEVER fight TAPE.

    After the FACT analysis is no good to anybody......

    Saleem

    ReplyDelete