Markets are waiting to hear EXACTLY the same thing as last meeting.
Markets should rally going into close.......
CSCO got upgraded alongwith INTC.
STP was UPGRADED by Morgan Stanley to OVERWEIGHT yesterday...thus very HIGH volume....double of average.
Bought SNDA @ open as it was ready to go to new 52 wk HIGH...technically looks very good....today's volume is already 500,000 in first 100 minutes.
Sold my PDN.TO as all uranium stocks in Toronto are breaking down TECHNICALLY....was able to sell @ near high of AM.Uranium price has also peaked @ $138....
STP continuing its march towards HIGHER grounds...did hit $37.05 already.....
RIMM is strong going into earnings.....beat on ER....guidance to be UPBEAT with a slight uptick..they all are playing AAPL low ball game in guidance......
FDRY slowly creeping UP...readying for BREAKOUT above $17.22.....anytime NOW $$$
GOLD is UP $6+
OIL is UP $1+
Strong stocks are:
SNDA,BIDU,RIMM,STP,CSCO,NVDA,DELL,MPEL,FMCN,CTRP,
WFR,AOB,VLO,FSLR,TSL,HOKU,NCTY,MA,AKAM,CIEN.
Weak stocks are:
NVLS(warning),AMAT,BRCM,LRCX,AAPL,GOOG,GRMN,AUY(takeover),
NYX,ICE,SNE,NMR,(Japanese stocks weak on Yen rising against US$),
RVBD,ELX,WYNN,NMX.
Good luck on stock picking......
BLOG does not give buy or sell.
Next post about 3.15 PM ..to give my take on FED non-speak.
Saleem
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