Once again...it is being proven without a doubt that US markets are "controlled by hedge funds,market makers & brokerages"
Today's extremely bullish move by fed is being negated by manipulative selling by hedgies/market makers & brokerages ...who were caught UNAWARE that fed will be on the side of investors...to boost confidence !!!!
All the three elements are taking full advantage of no"uptick rules which use to prevent blatant rigging of markets"
Markets are showing "anaemic gain of only 1%"...totally unacceptable given today's action by fed.
RIMM is showing the best gain ..UP $10..today is the last day in US to qualify for 3 to 1 stock split...so we may see further buying pressure until AH is closed today.....
SNDK is UP $1.43
CMED is UP 82 cents on an upgrade to BUY by Brean Murray with a price target of $35.
STP is UP 51 Cents .....as FSLR is still taking a beating ....was down @ open $2.65 in this bullish environment.....
@11.31 AM the following stocks which I monitor are GREEN :
AAPL,BIDU,GOOG,SNDA,ICE,CTRP,LVS,NYX,GRMN,VLO,SOHU,
NCTY,AKAM,MA.
I can safely conclude ....inspite of markets being controlled by chosen FEW...market psychology has turned POSITIVE...going forward...as international markets will recover from their EXPORT laden worries.....
Good luck on rest of the day.
BLOG does not give buy or sell.
Saleem
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