Markets are very confident that Fed do "understand the gravity of economic turmoil & will do the right thing"........
Markets are "oversold and OE is friday....it may end UP as short SQUEEZE of 2007"
In my stock VMW (recovering from yesterday selloff and retested its support today around $72.80......)...it is funny how MM/hedge funds brings every stock to their support in a hurry..VMW lost $10 from High to low in 3 business days...like magic !!!!
VMW UP 66 Cents so far.......
RIMM is heading towards breakout point of $88.47..then off to the races $$$$ UP $1.11 to $87.38......
NVT is also getting ready for a breakout point of $67.50...currently UP 68 cents to $66.82...
CMED gapped UP again @ open and is currently UP 45 Cents to $40.15...should move higher as today is also above average volume ..but lower than last 2 days.......
SNDK is recovering from its many SLUMP....UP 90 Cents to $51.20....it is oversold big time...expecting a "sharp move UP"
SWIR trading unchanged level...this also "oversold"....
Other green stocks @ 11.43 AM are :
BIDU ( new all time high),NDAQ (wants to go higher),AAPL,BRCM,FMCN (looks very good for getting to old highs),JNPR,AMAT,DELL (looking ready for a major UP move),IGT(keeps going UP in new replacement cycle),ICE (found support READY to move UP),GOOG (wants to touch 52 wk high),CTRP (new HIGH),LVS ( another day another HIGH),NMX (ready for higher moves),GRMN,VLO,FSLR (ready for another RUNUP),AMD (three chip/quad chip Barcelona will bring sales),HLIT (kissing new high),NVDA (found support),SNDA (new high),AKAM(found support).
Good luck on rest of the day.
Will post around 3.10 PM for my take on fed action !!!!
BLOG does not give buy or sell.
Saleem
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