Market internals were strong across the board......
Advancing volume,advancing stocks & 52 week high led decisively.......
Nasdaq closed UP after fighting sellers whole day........
Chinese junior stocks are on fire....CHNR,JRJC,SDTH all either hitting new highs are running away in big %......Chinese stocks have been "undervalued for a long time while most of them are growing sales & eps"
Be careful..... not pick companies which are losing money or very little EPS...check their cash on hand also.......not all chinese companies are created equal.....calculate PE ratio and see if risk/reward ratio...makes sense to you or not !!!!
In my portfolio :
CMED closed down 10 Cents.....
FMCN UP $1.41.......
WFR UP $2.91.....
SNDK down 4 Cents...further down 50 Cents AH in sympathy to MU ER.......
NMX down 42 Cents......
RIMM down $2.40 on downgrade ...below average volume.....expecting a sharp turn UP on wed....
GOOG all time high.....
FSLR all time high....
BIDU leapfrogged to new high UP $36...on Upgrade...new target $400.......
VMW all time high.....
CTRP new high....
WYNN new high....
LVS new high.....
AAPL new high...
Expecting a GREEN day tommorrow across the board......
BLOG does not give buy or sell.
Saleem
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