Markets opened on a strong note as expected......
Lot of "nervous traders tried to get out... either for locking gains or meeting margin calls"...
Sellers or shorts have done their "bit"...now it is for BULLS to grab this market and run it HIGHER......
Nasdaq went into "red..but it fought its way back to plus 5 area NOW"
Weakness in AAPL ...spooked the markets...plus Jim Cramer's call from NYSE to "sell all financials...did the damage"
It is a "nervous market"...so any negative call on CNBC will get a REACTION.....
I firmly believe that..... BULL is alive & WELL...and I am positioned to take advantage of any "weakness"......
The only advice ...I will give is...not to be OVEREXPOSED.....in wall street language...keep some FIREPOWER handy to take advantage of any 30 minute weakness .......
In my portfolio :
SNDA is the strongest so far UP 92 cents...it did fly above 50DMA....
STP is UP 43 cents...showing some LIFE & STRENGTH......reports next week.....
SNDK is the weakest down $2+...
RIMM UP 58 cents....
UXG flat......
@ 11.27 the following stocks are GREEN:
CMED,MR,GOOG,FMCN,DELL,MPEL,IGT,CTRP,LVS,NMX,GRMN(new HIGH),
SOHU,NCTY,NVDA,LRCX,MA,HPQ.
Good luck on this "confirmed back to back UP day"
BLOG does not give buy or sell.
Saleem
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