Indices closed near high of the day. Nasdaq was the strongest with 1.53% gain.
Internals of the market were strong.
S&P 500 has gained 3.07% from recent low, natural resistance MAY come around 50 DMA which is @ 1316.89. Today S&P 500 closed @ 1296.67.RSI is @ 50.85....60 is attainable.
Stocks which closed UP 3% or more included ATML,CNQ,TZOO,
WYNN,LULU,SINA,LVS,FCX,RVBD,MPEL,SOHU,APKT,FNSR,
CRUS,ARUN,IGTE...
AH Futures UP
AH Asian markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
11 comments:
S
Good MOrmning to you
We got a HOT week inDC 85 % already
My Buys
CAT to $110
AAPL to $340
FCX is showing some strength-$$
TZOO may hit $66 today!
any my 100 shares of BIDU will go up to $140 J Cramer raved about it last night as the only CHINA stock that is honest and make money!
Says SINA is scary? Hmm
BEST TO ALL--Peace
Hi C,
Jimmy the Cramer is totally wrong on Chinese stocks...many stocks are worth buying beside BIDU.
Most stocks are moving UP in a hurry.....
Saleem
Saleem
I do agree with you
J Cramer has to pump and dump
and that is a shrills job
but I do like it that he trys to provide investment ideas and advice.....
thanks
Hi C,
His investment ideas are generally after a "huge UP move"..
I do not know if his audience is buying near TOP or generally lose money....
Saleem
Hi C,
IF you ever want to hear the-best analyst..he was ON last night on www.bnn.ca ....check "market call tonight" under the heading shows.
Please listen to his one hour Q & A.....
His name is David Burrows......you will never find him on hustlers show like CNBC...
Saleem
S
BNN is excellent
thanks--totally different approach to stock picking
Hi C,
I wish all the visitor to my BLOG can listen to David Burrows...
Whenever he is ON...i drop everything to listen to him....that was the reason BLOG posting was delayed last night.
Saleem
S
Loookie
at TZOO it is rocking--up huge again
what a pick
Hi C,
TZOO looking good $$$$$$
Saleem
Saleem,
TZOO shows its muscle. LULU may reach its top. FCX is looking good. POT and MOS are also good. However, I may wait for the next round because the resistance is near. I may sell everything tomorrow and wait for a pull back. Thanks.
Michael
Hi Michael,
Do what makes you comfortable.
I am trading & locking profit...which takes some risk out ?
Saleem
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