Showing posts with label Sandisk. Show all posts
Showing posts with label Sandisk. Show all posts

Tuesday, January 19, 2010

Up Up and Away in my Beautiful Balloon (bubble)




Markets continued moving higher, today on the thought that perhaps the Health Care Bill won't pass if a Republican takes office in Massachusetts. Healthcare issues were higher, as reflected by healthcare SPDR (XLV), which rose 2.4% today. XLV is up 6.2% on the year.



Overall, leading the pack in my portfolio is Sandisk, rallying sharply but just back to the trendline from oversold conditions.



In foreign markets, China rallied 3.1% but like Sandisk, only was bouncing from oversold conditions to the trendline.





RUSSIA CONTINUES TO SURGE



By far, the hottest market is Russia, up over 11% so far this year after tacking on another 2.8% today. Hot money continues to follow hot money.