Tuesday, May 3, 2011

Nasdaq closed Down .71%......

Nasdaq stocks are weaker than Dow & S&P 500.

Internals were weak by almost 2 to 1.....

Speculative money has been selling Nasdaq stocks & commodities.

Gold, Silver & Chinese Internet stocks are taking a beating.

Here is the RSI @ close :

Nasdaq 60.15

S&P 500 63.95

Dow 72.42

Many stocks are showing RSI @ attractive levels as listed below :

LULU 50.28
POT 38.26
SINA 50.24
VMW 56.01
NTES 31.50
BIDU 45.25
AAPL 54.80
APKT 49.77
PCLN 62.24
VFC 46.46
ABX 36.25
GOOG 37.48

Many of these stocks can be part of a diversified portfolio.

Added 100% SINA @ $122.05

AH ER were greeted as follows :

LVS <9.96%>
FSLR <8.47%>
OPEN <8.10%>
GMCR +18.84%


AH Futures Down

AH Asian markets Mixed

AH Oil,Gold,Silver Down

BLOG does NOT give buy or sell.

Saleem
at

4 comments:

  1. cMay 4, 2011 at 5:44 AM

    S

    What a great buy on SINA

    Lets hope for some love today

    UNemployment numbers are not going higher.
    But one more day of short covering margin calls should do it

    The volume was telling yesterday! the sales may be over and it is time for bull run?

    Good luck to day I am hungry for some more APPLE,
    if it drops at all I will buy some more ---it is 7% of my portfolio

    best to all

    ReplyDelete
  2. Stocks100May 4, 2011 at 6:43 AM

    Hi C,

    Margin call should be over by 11 AM...then rally starts.

    Buy AAPL now ..before it takes off.

    Good luck with your portfolio...

    Saleem

    ReplyDelete
  3. cMay 4, 2011 at 9:06 AM

    S

    My TELCO's are holding up very well

    I was dumb--Got APPLE at $350.

    Oh well
    I hope the market closes green

    ReplyDelete
  4. AnonymousMay 4, 2011 at 10:36 AM

    She's trying to come back

    ReplyDelete