Indices closed mixed, while Dow lost about 17 points.
S&P 500 & Nasdaq were green...
Internals were positive
VIX closed Down .48% @ 32.86
Stocks which moved UP 3% or more included RIMM,MOS,
BIDU,SINA,APKT,JKS,C.....
Today's TAPE was quite constructive, considering UP move from 1074.77. We closed today @ 1195.54. In the last 6 trading session we have moved UP 120.77 points or +11.24%....that is the-best move in such a short time.RSI closed @ 55.19
Solvakia said NO to extending bailout amount & we are due for a pullback.
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
9 comments:
S
GOOD Morning to all!
Good debate last night
Take a chance on TOT way over sold and upgraded so it is popping
I got a lost last year and under water with it.....
Apple was upgraded w/target over $500 whoo hoo..
Good Luck to all.
Hi C,
Good Morning it IS.....
China rallied 3% last night...we are looking good also...
I guess Slovakia NO was a YES..as far as TAPE is concerned....
Good Luck to all today $$$$
Saleem
S
My TOT is rocking 3 days now
MOre upside to come
What are you buying more FCX or GNK, DRYS and DSX are way over sold
FRO a oil play is ready to rock too...
Just some thoughts
Saleem,
Commodities are on fire this morning: TCK, CNQ, FCX.... Very good sight.
Michael
Hi C,
I added RIMM in this weakness.
Saleem
Hi Michael,
YES.....CNQ,TCK,FCX looking very good...they all have a long way to go $$$$$$$$$
Saleem
Hey c,
The weekly charts on the shippers are so depressed that many of them could be 100+% returns within the next 6 months if the spot pricing for shipping remains high.
I'm trying to find a way to buy FRO currently even with exposure through GNK and TK already.
Stocktrader
Saleem,
It seems that the bull does not need to take a rest. What will be the next target? Thanks.
Michael
Hi Michael,
Based on momentum 1231 then 1276 area which is 200 DMA....
TAPE looking very strong.
PATIENCE is the word NOW...
Saleem
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