Markets opened strong and then reversed very quickly........
Fed speeches are the focus this week......todays comment confirming that Fed is Ok with low end credit customers will face tough scrutiny.......took the stocks LOWER ????
Tommorrow Ben Bernanke will give speech...that may help the markets !!!!
In my portfolio NVT went UP to $67.72 and faced resistance.....now lower by $1.23 to $64.55..it is also slightly overbought...so needs to consolidate around these levels......the business of digital map is booming for portable units..which is expected to "double this year" as per AP report @9.09AM.....
VMW wants to go much higher as VMW world exposition starts tommorrow until thursday...UP $1.23....this is another stock which most traders & investors think is high PE...but if you look @ future business potential......I believe it will "surprise most people on the UP mode"just like GOOG & BIDU...because future & potential is similar...
RIMM,SNDK,CMED..are on the unchanged pattern so far......
Other green stocks which I monitor @ 11.25 AM are :
INTC(raised guidance),AAPL(rebounding after recent weakness on the news of selling 1 million iphones...on heavy volume),WFR,
IGT(equipment upgrade cycle to start soon),SIRF(found support @ lower level),
AOB,AMD(new server introduced).
Good luck on the rest of the day.....as selling is looking TIRED...so a good chance of another REVERSAL on the UP mode.....so I think ...
BLOG does noy give buy or sell.
Saleem
No comments:
Post a Comment