Stalemate continues in Washington.......

There has been no progress in resolving shutdown or debt ceiling.


Six days of rhetoric is all we have.......


Market may not look kindly after six days......


TAPE has tremendous strength but Washington is getting in its way & may cause weak open on Monday again......


We need to focus on what stocks to buy in case of weakness.....


That is all we can do while politicians are engaged in slugfest...


Dow remains below 50 DMA......


S&P 500 is 10 points above 50 DMA...not enough cushion in a weak TAPE.


Investors sentiment is "highly bullish" with bulls @ 46.4% & bears @ 18.6%......


Many strong stocks are @ attractive buy RSI as listed below :


AMCC 57.47 TSLA 56.89 TRLA 52.03 Z 39.70 AAPL 51.49

GOOG 43.62 LNKD 50.74 CLDX 59.31 YY 59.39

NTES 52.10 QIHU 56.18 CSOD 44.87


For traders & investors it is a very good time to do homework & position for a very strong Q4 rally which may last until January.......


BUT..we may get serious setback in TAPE IF politicians do not smarten up very quickly.


It may get very dicey......


Try to be patient while we wait for a resolution.


BLOG does NOT give buy or sell.


Saleem

Posted in: Mixed