Another Positive day and the DOW was over 10,100 during the day. And the Apple Inc’s earnings were greatly much more than analysts’ expectations, from the record sales of the iPhone and Mac. Shares shot up 6.6 percent to more than $202 in after hours trade. It appears that tomorrow, we may have another positive day fueled by Apple.

I was waiting for the Market correction to come , so I could get some of the Apple at lower price. But then I will have to wait some more for I still believe that the correction would come. And when next time the Apple is cheaper, I will load them up.

Stock Market close on 10/19/2009

• Dow Jones Industrial Average : 10092.19 Up 96.28
• Nasdaq Stock Market : 2176.32 Up 19.52
• S&P 500 : 1097.91 Up 10.23
• Gold : 1063.10
• Oil : 79.35
• Natural Gas : 4.84

This is a quality stock recommendation to buy when they are low and I totally agree.

Support = buying support ( where buyers are likely to be located ), Resistance = selling resistance ( where the sellers are likely to be selling ).

Visa Inc. (NYSE: V)- $60 – Love Visa long term – Support $64 and $62 which are the 10 & 50 day moving averages, Resistance $67.20 which was the June 12th high ( and 7/21/09 ) then $70.

MasterCard (MA) – $156 – Also love Mastercard long term – Support $169, Resistance 188.59 which was the late April high.

Potash Corp. of Saskatchewan, Inc. (POT) – $85 – Support $90, $85 – Resistance $97, $100

Apple (AAPL)- $120 – Support $143, $137, Resistance $158, $167
Palm, Inc. (PALM) – $13 – Support $13.33, Resistance $16.80
Research In Motion Ltd. (RIMM) – $60 – Support $74.30, $72, $69, Resistance $76-$77
Ford Motor Co. (F) – $5.30 – Support $5.80, Resistance $6.54 which is major resistance
First Solar (FSLR) – Close Above $150 – Looking to buy on a close over $150 resistance

Continental Resources Inc. (CLR) – Looking to buy below $25
Fuqi International, Inc. (FUQI) – Looking to buy between $15-$16
AgFeed Industries ( FEED ) – Looking to buy feed under $5
Fifth Third Bancorp (FITB)- $6
Huntington Bancshares Inc. (HBAN) - $3
General Electric Company (NYSE:GE)- Would love to buy General Electric near $10
STEC, Inc. (STEC) – Looking to buy STEC at the 50 day moving average = $21.10

I believe in long term investment. Please choose the stocks carefully and buy them when all the RSI7 values are lower then 30 and Hold.