Today was the 4th day of rally, But had the "most conviction" as we closed @ high of the day & volume was strong for the first time.
It was nice to see that glamour stocks were in vogue.
Internals were "super strong"
& YES...VIX closed Down 3.32% @ 15.45..52 wk low is 14.27...& YES it closed near lower end of its trading range.....
Stocks which were UP 2% or more included TZOO,
MPEL,AG,NFLX,QCOM,PCLN,ALTR,AAPL,CNQ,
JKS,LDK,JASO,TSL,APKT,SNDK,NVDA....
AH ER PVH UP 2%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
4 comments:
S
this is one difficult market
APPL is on the way to $375 and maybe $400 get some
SINA is hot again BIDU is still RED for me
I got back into TZOO at $77!
My FCY and POT are cooling down
Buy some EVEP on it's way to $60 what a performer!
Best to all
Saleem,
A lot of talks about the end of QE2 disaster with the guy like Thomas Kee recommend investors to be on the short side.
Your blog on last Friday also did not pain a good picture. Should this market be catching profit and run? Or should we be cautious about the low end of trading range?
Michael
Hi C,
Yes markets are difficult & it will be tough to navigate.
Saleem
Hi Michael,
Market are pretty much normal these days..UP & DOWN....
That one sided market is over which existed from june of 09...
YES..it is possible to make money both long & short...it all depends on your trading style...
This market CAN frustrate both long & short ..so pick your spot well.
Even today..many stocks are GREEN BUT much MORE are RED......
Saleem
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