Thursday, October 20, 2011

Constructive close today....NICE !!!!

There was negative news out of Europe, EU meeting was postponed till Wednesday from this Sunday.

Market handled postponement news in stride and actually closed higher in Dow & S&P 500.

Today's TAPE is telling us, that resolution of European mess is @ hand.

Nasdaq almost made it into green, but missed it by .21%, this is a major victory for bulls.

Internals were mixed.

Oil closed @ $85.30

Gold closed @ $1612.90

VIX closed @ 34.78

Stocks which closed UP 1% or more included JCP,
TSL,CSIQ,CLF,FCX,MOS,TCK,POT,VMW,RVBD,
APKT,BWLD,AGU,V,CIEN,FNSR,C,BAC.....

In my portfolio :

Bought TLM @ $13.53

Portfolio is CNQ,LULU,MS,JCP,TLM...

AH ER were greeted as follows :

SNDK UP 2.18%

CMG UP 3.56%

MSFT Down .52%

AH Futures UP

AH Asian Markets UP

AH Gold & Oil UP

BLOG does NOT give buy or sell.

Saleem
at

12 comments:

  1. cOctober 21, 2011 at 6:43 AM

    AS

    good morning

    GREEN is our color

    Take a look at GE beet earning should pop!

    Got some EXP $ 42.57 for a small run with a divi protection!
    MS is so nice

    Have a good en
    APPLE seems to want to go higher here --but can it?

    ReplyDelete
  2. Stocks100October 21, 2011 at 6:48 AM

    Hi C,

    AAPL should be OK from Monday...an old technical basing format for 3 days minimum..sometimes 5 days....

    Saleem

    ReplyDelete
  3. cOctober 21, 2011 at 7:07 AM

    S

    thanks for keeping me straight thinking

    Maybe I should have close the call like you suggested--greed got into my logic..

    Yes --lets see what good things Monday can bring

    ReplyDelete
  4. UpOctober 21, 2011 at 7:23 AM

    Hi C

    We are talking about one of the best company in the world with a lot of cash. Everyone wanted this stock, but they just wanted lower price. When train is moving, they will jump back and fuel the train. Don't worry, you will be more than ok when Nov arrive.

    ReplyDelete
  5. Stocks100October 21, 2011 at 7:31 AM

    Hi C,

    Sold JCP,CNQ,MS.....

    Life is good !!!!

    Saleem

    ReplyDelete
  6. cOctober 21, 2011 at 8:12 AM

    S

    WOW

    Sold JCP and CNQ taking the profits and running

    Way to go awesome!!

    I may sell FORD today 8.5% run up in a few days cool!
    it is great when market is green...

    Do ya think Ford can go higher?

    Thanks again UP and Saleem for considerate thoughts on APPLE.... You all are truly kind souls--and I thanks you for your comments
    Advice is always appreciated...... Seems like we never know all the angles and issues on a given stock or the market. It seems like a crap shoot at times.

    And J Cramer is a Shrill, but I learn form him too.
    C
    C

    ReplyDelete
  7. Stocks100October 21, 2011 at 8:25 AM

    Hi C,

    Sold LULU also....

    Have one stock TLM.....

    Life is good !!!!

    Saleem

    ReplyDelete
  8. cOctober 21, 2011 at 8:27 AM

    Saleem
    Slow down
    wow
    I got LULU at $54.50 So I have a ways to go!

    Any thoughts on FORD??

    A profit is good for you we are oh so struggling in this market

    ReplyDelete
  9. Stocks100October 21, 2011 at 8:30 AM

    Hi C,

    RSI on F is 67.30...it is a sell.

    Saleem

    ReplyDelete
  10. cOctober 21, 2011 at 8:55 AM

    S

    take a look at NUCOR--nue

    J Cramer raved on it last night

    Syas steel is back

    Looking very strong today

    C

    ReplyDelete
  11. MichaelOctober 21, 2011 at 9:46 AM

    Saleem,

    Did you sell because you want to get profits before they disappear or because you anticipate there will be a sell off on the news? Thanks.

    Michael

    ReplyDelete
  12. Stocks100October 21, 2011 at 9:57 AM

    Hi Michael,

    Market is moving UP too fast....wise to book profit or to get rid of position which is lagging.

    I expect market to move higher BUT after basing for few days.

    Saleem

    ReplyDelete