Markets are trying to show stability.......
Discounting mechanism is @ play.....
If we close in "flattish to HIGHER tone"...it will be a confirmation of stable environment going forward...so last hour AGAIN becomes CRUCIAL......
RIMM is showing "major strength in this IFFY market"...sign of great TAPE action going forward.....
UXG is GREEN again..although gold is down slightly.....
SNDA is GREEN after scheduling earnings for Aug 27th.....shorts must be dissappointed NO WARNING.......
STP is down alongwith entire solar sector......earning is before OPEN aug 9th..
SNDK is weak so far...it has a tendency to turn around very quickly...it is in "oversold area"...
Among the GREEN stocks @ 11.23AM are:
RIMM,FDRY,JNPR,LVS,WYNN,NMX,DELL,JSDA,CTRP,VLO,
GRMN(New HIGH),NCTY,HPQ,AKAM.
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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