I am not in favor of any stocks which are under $10 because of big percentage drop or gain in short period of time. ALIM fell down 75% in one day, PSDV was down 45%, CERP 5% and DMND down 4%. This stocks are good only for 1 day.
The market is rallying as if all the problem of Euro zone are solved. I am still bearish. The technical level to watch on DJI on upside is 12232, 12279 and 12359.
Italy 10 year bond is at 6.375 http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND If this rises near 7 then the market is in trouble.
A bullish sign will indicate Italy 10 year bond below 6 and USD/CAD under 1. Right now USD/CAD is @ 1.152
There is no harm in taking advantage of the rally either upside or downside.
If your bullish in this market then buy: FAS, SPY, DIA, TNA, ERX, BAC, DB, BCS
If your bearish in this marekt then buy : TZA, VXX, QID, DXD, FXP.
Or wait till Nov 23rd to clear some more uncertainity from the market and then invest, till then "Keep cash in hand".
Goodluck..!!
The market is rallying as if all the problem of Euro zone are solved. I am still bearish. The technical level to watch on DJI on upside is 12232, 12279 and 12359.
Italy 10 year bond is at 6.375 http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND If this rises near 7 then the market is in trouble.
A bullish sign will indicate Italy 10 year bond below 6 and USD/CAD under 1. Right now USD/CAD is @ 1.152
There is no harm in taking advantage of the rally either upside or downside.
If your bullish in this market then buy: FAS, SPY, DIA, TNA, ERX, BAC, DB, BCS
If your bearish in this marekt then buy : TZA, VXX, QID, DXD, FXP.
Or wait till Nov 23rd to clear some more uncertainity from the market and then invest, till then "Keep cash in hand".
Goodluck..!!
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