Okay, Wednesday was another quiet day in terms of the markets.

(AUY) was a stock I was going to get into but it opened high and gradually came lower with the broader market. I’m glad I didn’t place an open order otherwise I would have been stuck with shares.

(RIMM) did come down for a bit but also was not really an attractive buy overall so nothing really compelled me to get into stocks on Wednesday.

I always preach slow and steady gains rather than trying to jump in everyday for some money. Greed can easily wipe out a portfolio and if I can manage $500 – 1500/week in profits, I’m happy with that range as at the end of the year, its not a bad part-time income.

For Thursday here is the summary video for yesterday’s close which I think will discuss some important things to look for today:

Currently overnight, the Asian markets went from a positive open to a flat session. Its looking like a slight positive close. Its funny how the market surge during the interest rate cut was so positive and its already shrugged off by the markets. With no room to cut rates now, its going to get interesting how the Fed will decide to stimulate the economy.

Today I will be looking at the bank stocks in general as well as (NT) which is maybe sitting at the floor. If, and I’m looking at this with a big if, Nortel gets bought out, this stock can shoot up. Right now I’m thinking of how to get in, but only 5000 shares max.

(AAPL) is hurting also thanks to Steve Jobs rumors again. This might cause another artificial drop before it comes back to its previous resistance levels of $95/share. I don’t really want to get into this stock, but getting in with a quick 100 shares should bring a quick profit today.

Anyways, that is the market game plan for today! My schedule is really tight again today and I’m sure you can all relate with your jobs, so that is why I’m focusing on large ‘name-brand’ stocks. Hopefully its a profitable day.

Happy Investing!

Aman, MBA

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