Tuesday, October 11, 2011

Mixed close today......

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
at

9 comments:

  1. cOctober 12, 2011 at 4:34 AM

    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.

    ReplyDelete
  2. Stocks100October 12, 2011 at 4:52 AM

    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

    ReplyDelete
  3. cOctober 12, 2011 at 7:01 AM

    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

    ReplyDelete
  4. MichaelOctober 12, 2011 at 7:19 AM

    Saleem,

    Commodities are on fire this morning: TCK, CNQ, FCX.... Very good sight.

    Michael

    ReplyDelete
  5. Stocks100October 12, 2011 at 7:21 AM

    Hi C,

    I added RIMM in this weakness.

    Saleem

    ReplyDelete
  6. Stocks100October 12, 2011 at 7:21 AM

    Hi Michael,

    YES.....CNQ,TCK,FCX looking very good...they all have a long way to go $$$$$$$$$

    Saleem

    ReplyDelete
  7. stocktrader_1996October 12, 2011 at 7:32 AM

    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

    ReplyDelete
  8. MichaelOctober 12, 2011 at 7:38 AM

    Saleem,

    It seems that the bull does not need to take a rest. What will be the next target? Thanks.

    Michael

    ReplyDelete
  9. Stocks100October 12, 2011 at 7:53 AM

    Hi Michael,

    Based on momentum 1231 then 1276 area which is 200 DMA....

    TAPE looking very strong.

    PATIENCE is the word NOW...

    Saleem

    ReplyDelete