CPI was lower than expected .....thanks to SLUMPING housing cost.
Today we should see an EXPLOSIVE rally.......because "smart money was betting on higher CPI and quad witching to take markets down sharply"....................
Now we know that "smart money is NOT so smart".
My personal condolence to Fast money "smart traders Tim & Pete Najarian who were short for today & salivating for 200 points drop"
So watch for "quadruple fun today....thanks to shorts and their evaporating $$$"NMX is flying on confirmation of takeover talks by Bloomberg.....UP$9.....it pays to read "tea leaf accurately".
@ 9AM...the following stocks are showing GREEN:
NMX,RIMM,AAPL,GOOG,CROX,SNDK,BRLC to name a few.
Good luck on todays trading.
Please stay in a well diversified portfolio......buy what the market is excited about...NOT what you may like...if it is different from market focus.
BLOG does not give buy or sell.
Next update around 11AM.
Saleem
No comments:
Post a Comment