Market staged a technical "bounce"

Markets staged a technical bounce after closing @ "lowest level since august on wed"

Volume was extremely "anaemic".........

The following TAPE analysis is given for technical types :

GOOG O $670 C $676.70 +
AAPL O $172 C $171.54-
BIDU O $314.54 C $308.86 -
RIMM O $113.05 C $113.85+
VMW O $82.61 C $78.84-
FSLR O $215.77 C $210.13-
GRMN O $93.40 C $91.86-

It is interesting to observe that Nasdaq opened @ 2578.99 and closed @ 2596.60......near HIGH !!

Out of the seven very strong stocks on Nasdaq...none closed @ high of the day.....& 5 out of 7 closed lower than open......

This is one of the many way's ...I determine "wether the TAPE has strength or built-in weakness"

It was "nice to see markets closed near high of the day...while DOW closed @ absolute HIGH of the day down to fractions...S&P500 had 1.69% gain,Dow 1.42% & Nasdaq 1.34%"......

As Nasdaq was showing strength all along...so it is ironic that it showed less gain than all other index......

As you can tell...that I am monitoring markets closely for any sign of strong rebound ...

I was strange to see BIDU not responding strongly after taking heavy pounding......Up only 94 cents......

In strong stock category :

STP was very strong on ML $100 target......
WFR,SNE,SOHU,BRCM,DELL,ISRG,SIRF,ICE,YHOO,GOOG,
IGT,LDK,LVS,NVDA,NYX,VLO,GRMN,TTM,JASO & HLIT

Please invest based on your time horizon & comfort level.

I am a trader by default (thanks to markets yo yo moves)...I have a very
"unemotional way of trading.....I like many many stocks FA & TA but the purpose of that
knowledge is to make money......

If I am not confident about making money in "next week.... then I like to be OUT of the market"

This is strictly "my way of thinking...others have different purpose to be in the market"

There are alway's some sector in the market which performs well...once I spot those then I will buy those stocks.......

Please enjoy rest of this holiday weekend.

My next post will be on monday around 11.30 AM followed by 730PM.

BLOG does not give buy or sell.

Saleem