Markets wants to rally...ahead of fed rate cuts.....
Markets were sold off big time every other day.......
Dow & S&P is stronger than Nasdaq.......?
Nasdaq is "hesitant" thanks to lackluster performance by TXN & ALU this morning......
Today I added 50% more CMED @ open now my cost is $34.62...feel strongly that CMED will "outperform most chinese stocks in this RUNUP"....CMED UP $1.06....
RIMM'S target was raised to $120 by Cannacord Adams ...citing "strongest subscription & new sales to match highest ever" RIMM UP $2.55 to all-time HIGH of $88.......we are still far far away from $120 target $$$$$
VMW is taking a rest around $78 area before marching to new highs.......little overbought...base building is good.....but is heading to much higher target $90+++
NVT opened very strong went to new high of $70 but has pulled back since now is down 86 Cents...NVT has a tape which jumps .....pulls back & jumps AGAIN.....also overbought....
SNDK is weak due to falling Nand pricing....it may have found support in the $50.25 area today.... down $1.10 ......
@11.27 AM the following stocks are green in my watch list which comprises 100 stocks :
AAPL,BRCM,AMAT,SIRF (on heavy volume),BX,GOOG,BIDU(new high),
WYNN (new high),IGT,LVS (new high),VLO,FSLR,TSL,NCTY,SNDA.
Good luck on rest of the day......
Keep an eye on next week Quad witching shenanigans by MM/Hedgies........
BLOG does not give buy or sell.
Saleem
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