Indices are UP almost 3% on renewed hope for a resolution of European debt issues.
Nasdaq is UP the most @ 3.05%
S&P 500 is well above 50 DMA which is @ 1175.80, currently S&P @ 1189.23.
Oil UP $2.67
Gold UP $38.90
Canadian $ UP 1.17 cent @ 97.37
Internals of the market are strong with minimum 5 to 1 lead.....
Whatever happened to "head & shoulders formation" as highlighted in prime time by Jimmy the Cramer or famous Adami quote of lower than 1020 ?...they will all pretend " they meant HIGHER market "..just a translation error?
In my portfolio :
Bought CSIQ @ $3.49
Portfolio is CNQ,CSIQ,FCX,LULU,MOS,RIMM
Most stocks are UP
@ 1.56 following are Down :
NFLX,FNSR,LDK.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
I also added in my portfolio CSIQ @ 3.58. I sold CSIQ at 15 way back then. It is good time to add it back. Hopefully, it has seen the bottom. Thanks.
Michael
Hi Michael,
CSIQ has seen its low & its trying to stabilise above lows.....i cannot believe that CSIQ is @ $3.50 area....
CSIQ has stable solar business in Ontario Canada...
Others are stuck too much in Europe ?
Saleem
Hey Saleem,
Cramer is a couple days behind as usual. The 4% sell rule he gave Wednesday night missed out on a 5% rally!
One of the few leading things he did mention today was the breakout of the Baltic Dry Index ($BDI). I bought GNK on Thursday and got another 12.6% today in addition to the gains last week (16.0% total). Although he said he wouldn't buy the shippers, I think they still have room to run--I like DSX and GNK best (maybe DRYS too).
Stocktrader
Hello all
I loved the shippers
Look over FRO!
Good luck shipper are liable to make a bret out here?
Hey c,
I'm more interested in the dry bulk shippers than the oil shippers. Although FRO is some of both, I prefer the purer bulk plays. I think oil shipping in particular will remain challenged as domestic sources of oil are being discovered at a seemingly faster rate, while the world imbalances of food/coal/iron ore remains wide.
That said, the short-term rebound in all shippers should be nice here as they are soooo oversold on the weekly charts :). I'll take a longer look at FRO--the chart is very compelling despite having dismissed it before because of the oil side.
Thanks for the heads up!
Stocktrader
Hi Stocktrader,
Your GNK selection is going UP big time.....12%+++ today $$$$$
Cramer saying the same thing on days UP & different tune on down days?????
Saleem
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