Today Dow continued its strength.........Just like Shanghai index which was UP again.
Nasdaq was the weakest of the 3 major Indices.........Down Almost 16.
Market seems to be waiting for CPI out @ 8.30 EST.
Any pullback is a good buying opportunity..........because markets are in an UPTREND.
Nasdaq put a dent in many strong stocks like RIMM,FSLR,MA to name a few.
AH earnings were generally UPBEAT SINA ( revenue UP but EPS down by 3 cents... DOWN AH),MR beat & raised guidance (UP AH).
Tuesday ER are JASO,WMT,DCX & AMAT to name a few.
On tuesday CPI will set the tone for the market.....then ER will set the tone for those stocks.
AMAT volume today was very heavy almost 52 million vs 25 million average daily volume closed UP 71 cents or 3.59%......bodes well for ER after close.
Good luck on your due diligence.
BLOG does not give buy or sell.
Saleem
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