Tuesday, June 28, 2011

Strong close in indices.....NICE !!!!

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
at

11 comments:

  1. cJune 29, 2011 at 4:57 AM

    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

    ReplyDelete
  2. Stocks100June 29, 2011 at 5:38 AM

    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

    ReplyDelete
  3. cJune 29, 2011 at 5:46 AM

    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

    ReplyDelete
  4. Stocks100June 29, 2011 at 5:50 AM

    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

    ReplyDelete
  5. Stocks100June 29, 2011 at 5:54 AM

    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

    ReplyDelete
  6. cJune 29, 2011 at 7:43 AM

    S

    BNN is excellent

    thanks--totally different approach to stock picking

    ReplyDelete
  7. Stocks100June 29, 2011 at 8:10 AM

    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

    ReplyDelete
  8. cJune 29, 2011 at 8:16 AM

    S

    Loookie

    at TZOO it is rocking--up huge again

    what a pick

    ReplyDelete
  9. Stocks100June 29, 2011 at 8:31 AM

    Hi C,

    TZOO looking good $$$$$$

    Saleem

    ReplyDelete
  10. MichaelJune 29, 2011 at 9:13 AM

    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

    ReplyDelete
  11. Stocks100June 29, 2011 at 9:24 AM

    Hi Michael,

    Do what makes you comfortable.

    I am trading & locking profit...which takes some risk out ?

    Saleem

    ReplyDelete