Economic news POSITIVE for stocks today !!!!

All the economic news so far today is positive for stocks going forward.

GDP grew @ .6%.........slower than expected .8%.....thus reducing inflationary pressure on the economy.

GDP .6% growth is a reflection of DEAD housing in Q1...and slower economic activity from Jan to March.

GDP in Q2 should grow @ above 2%................which will kill all the talk of recession and markets will move further UP on profit GROWTH story.

Most retail & some bearish institutions are either underinvested or all completely out of market.Traders like Eric Bolling who were positioned for a pullback are getting KILLED by this booming market....TAPE is too strong to be out or bearish.

GOOG is all set to go to new ALL-TIME HIGH................which is great for techs.

AAPL is @ new 52 week high in pre-market ......good for techs.

YHOO was upgraded this AM & is UP in pre-market.

I will strongly suggest to take OVERWEIGHT position in TECHS...as they are getting ready to FLY.

Please stay DIVERSIFIED even in TECHS.......techs have different sectors also.

Good luck on a follow thru day........Oil inventory..... all expected to show BUILD...good for consumer & markets.

My portfolio is:

NVDA (graphic chips)
JNPR(Networking)
SNDK(Flash memory)
STP(Solar)
UXG(Gold)
PAL(Palladium,nickel)
RAL.TO(OIL&GAS)
PDN.TO(Uranium)

Time to be aggressive in market in a DIVERSIFIED mode.

Please do your own due diligence.

BLOG does not give BUY or SELL.

Saleem