On Friday finally Mr.Mubarak gave up on his presidency and market liked that news.
The high flying DOW touching 12,273 and S&P coming close to 1330.
Also lots of companies this week provided the fireworks needed to run up and run down.
TOP ETF for this upcoming week are as follows:
The high flying DOW touching 12,273 and S&P coming close to 1330.
Also lots of companies this week provided the fireworks needed to run up and run down.
Some of my winners for this week are OPEN, CMG and PNRA. Other trades that I am still in SIMG, RVBD, LMLP. Also I bought today some of the Indian Banks, Icici Bank (IBN) and HDFC bank (HDB) in my retirement account.
Now since this market has proven itself so strong, that every time there is some kind of weakness, there are buyers stepping in to boost and melt it up.
Also another thing worth noting is VIX, the fear index. It is trading in the 15 range. If you look up the history.. you will understand why the saying still exist " When VIX is low go slow".
Even though we are at the cusp of the breaking towards up.. I am still standing with one leg out of door.
A correction here would go long way towards making 2011 one of the solid years in the history.
Some of my winners for this week are OPEN, CMG and PNRA. Other trades that I am still in SIMG, RVBD, LMLP. Also I bought today some of the Indian Banks, Icici Bank (IBN) and HDFC bank (HDB) in my retirement account.
Now since this market has proven itself so strong, that every time there is some kind of weakness, there are buyers stepping in to boost and melt it up.
Now since this market has proven itself so strong, that every time there is some kind of weakness, there are buyers stepping in to boost and melt it up.
Also another thing worth noting is VIX, the fear index. It is trading in the 15 range. If you look up the history.. you will understand why the saying still exist " When VIX is low go slow".
Even though we are at the cusp of the breaking towards up.. I am still standing with one leg out of door.
A correction here would go long way towards making 2011 one of the solid years in the history.
Even though we are at the cusp of the breaking towards up.. I am still standing with one leg out of door.
A correction here would go long way towards making 2011 one of the solid years in the history.
TOP ETF for this upcoming week are as follows:
These are the top ETF to hold this week
1. FAS - Stop at $ 31.95
2. DDM - Stop at $60.4
3. EPI- Stop at 21.73
4. DAG - Stop at 15.71
5. SOXL - Stop at 66.6
We will track the returns of these ETFs on Saturday.
0 comments:
Post a Comment