Market strong rally today..UP 2.97% to 4.29%......NICE !!!!

Market staged a "strong technical rebound" after 4 weeks of non-stop selling.

This was long overdue & it happened today, NOT yesterday?

Internals of the market were as follows:

UP volume led by 7.27 to 1 in NYSE & 12 to 1 in Nasdaq

Advancing stocks led by 5.55 to 1 in NYSE & 4.49 to 1 in Nasdaq

New 52 wk lows were still in lead, 157 in NYSE & 118 in Nasdaq

VIX down 14.54% @ 36.27

Gold took a well deserved beating from $1918 to low of $1831.80..a drop of $86+

Oil closed @ $85.44

Canadian $ went UP by 24 tick to 101.23

SO..how some of the popular stocks fared today, here is the result :

JKS UP 15.11%
LULU UP 11.38%
AMZN UP 9.02%
APKT UP 7.78%
BIDU UP 7.67%
RVBD UP 7.17%
CRM UP 7.04%
NFLX UP 6.98%
PCLN UP 6.79%
CNQ UP 6.48%
POT UP 6.21%
AAPL UP 4.81%

I am sure, some of you are surprised by TAPE action in some?......sometimes it pays to have your OWN trading list which may OUTPERFORM some of the-most talked about name in CNBC?

How do i interpret today's much anticipated "short covering" & "technical bounce"......I am glad it came & gave back some capital back to investors / traders........BUT this market remains very difficult & tough to trade...what worked today may not work tomorrow.....so be careful & not get EUPHORIC with one day rally...remember many stocks are down 30% still......

In my portfolio :

Bought AUY $15.17 as gold was being pummelled...25% allocation.

AH Futures Down

AH Asian Markets UP

Oil UP

Gold Down

BLOG does NOT give buy or sell.

PS...got my EchoCardiagram done, now have to go for more blood test...with your best wishes...i am feeling much better, Pulse staying normal for 8 day's now.......Beta Blocker is working.....

Saleem