Here we are getting ready to say goodbye to a very profitable January.
We MAY have another two good day's left in this runup?
We are approaching end of the month, which is generally bullish due to window dressing.
Short term upside target remains in 1350 area......
Short term support is around 1280 area.
Market has shown appreciation, due to many improvement on many front:
-Improvement in US economy is noted due to strong Q4.
-Europe is dealing with many issues
-Contrary to many "loud predictions" by many, including "all knowing Roubini", US did NOT slide into recession?
BUT many of the above may be in the market prices.
How you deal with current Risk / Reward ratio is up to you.
Luck CAN play a role sometimes, BUT that is not my trading thesis.
As you all recall that i was exposed @ 230% in December 2011, currently 96%.
I have taken out 63% of my equity from the market starting Dec 30th.
I do this to deal with my analysis of Risk / Reward ratio.
I do not expect February to be as rewarding on the long side.
As i generally do not get into "short" position, i just reduce my exposure.
I do not mind being wrong for few day's, but i would rather be safe for weaker months.
In a bull market, indices are strongest in January, April,July & October......i intend to follow this historical trend......
Good luck with your OWN analysis & comfort level.
BLOG does NOT give buy or sell.
Saleem
10 comments:
SALEEM
how is your Blackberry?
Any buyer remorse
IT has got to be a game changer for you?
Enjoy
I am waiting for iPAd 3 to buy! I sold my Mac Book Air.., in anticipation of my iPad 3
C
Hi C,
I am extremely pleased with my RIMM Palybook...best gadget purchase of my life.
I have all my excel / word files transferred.
1000 songs transferred.....
It has an interactive GPS also !!!!
Working way better than my expectations.
I have 3 months customer support 24/7.
Saleem
S
that is amazing 3 months customer support--that is awesome
GPS--Hmmm-does it work well? YOU DID GOOD!!
On another note my SCCO got 2 down grades Friday-but the copper story is still in tact..
I see lots of red, and futures are bad--so your predictions are on target
c
Hi C,
GPS works better than my 4.3 inch standalone..maybe i can sell 4.3 GPS on ebay.
I have not tried Playbook two cameras or video..video is 1080P..i will test those coming weekend.
I have ordered a leather case / stand for playbook from Amazon, expecting that today...made by Snugg......
Markets needs to pullback to deal with frothy condition......bull thesis intact!!!!
Saleem
SALEEM
it is cold in DC-today
what is wrong with AMAZON
down 5 smackers???
thanks
Hi C,
AMZN earnings Tuesday AH.....
Saleem
Saleem
Is it prudent to get a little of AMAZON here
or wait till earning release???
C
C
I always believed that reading chart will give me an advantage, even if I am wrong with certain stock, it will come back to my buying price eventually. Been playing with earning when I first trade, sometime i win but most of the time I lost. I realized that I am here to make money not gamble on earning report.
Hi C,
You should buy any stock when "your confidence level is HIGH"
This goes for AMZN or any other stock.....
Saleem
Thanks to all for our show of support
the market sure turned around today
C
Post a Comment