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Tuesday, March 25, 2008

the gains continue

Thanks to the good news at the US market, the gains would continue today also. Problem is when do we exit?


Proposed action for tomorrow's trade None
Today's action None
Famex (according to previous trading day) 10827
Previous month close 12557
Movement from previous month close 86.23
Target for this month 13310
News for today : 1 : Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report, and sent the Dow Jones industrial average up nearly 190 points.
News for today : 2 : Sudarshan Sukhani of Technical Trends said the markets appear to be stabilizing in the short-term. At this point, the rewards appear to be more on the long side and more buying on the short side. But all it needs is just one bad day in international markets to cancel this scenario, so that caveat remains.
Stock Barometer 2 - Good
Strategy for today : 3 : Watch
Quote for the day : When buying shares, ask yourself, would you buy the whole company? ~Rene Rivkin

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