Markets staged a major comeback from testing LOWS.....on relatively so so news....a definite sign of a successful retest & turnaround......
IBM ER was mixed as they missed on Sales but beat on EPS & better guidance.......IBM UP $9++
As they say...NO rally can be meaningful unless Financials participate...BOY did they ever participate today.... some stocks were UP close to 30%...WOW !!!!!
AAPL AH knock the socks of earning estimates..beating both top & bottom line ......AAPL UP almost $12.......Guidance NOT as conservative as expected..which was a big relief !!!
NOK reports in Europe before we open...it is expected to be a downer......
GOOG & MSFT reports AH Thursday.......
VIX closed @ 46.42 Down 18.06%
Most sectors ended UP green but Financials were the superstars...thanks to insider buying in JPM & BAC....
As I have learned the hard way...it IS a trading market...sell on the strength & buy on weakness$$$
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Insider buying at JPM & BAC?????? Who, what, how much! That's big news.
Or could they just be converting options? Nice bounce today on a solid foundation. Some better news is right around the corner.
Best Regards
Hi Standards,
Jamie Dimon CEO of JPM bought huge amount of shares in open market.
Similar buying was done by CEO of BAC in open market with several million $ worth of purchase...they were all reported during middle of trading day....
Hopefully market tape will turn for the better.....for all of us.
Saleem
SALEEM My beloved APPLE rule the day -- watch the nasdaq http://www.investors.com/editorial/IBDArticles.asp?artsec=16&issue=20090121....
Look at APPLE for a bigger run today maybe to $100 smackers. Get some
POT had blow out earnings--Get some -way over sold.
Gas in Dc is creeping back up in price--oil still rules. Oils are way over sold
have a great day to all!!!!!!!!
Hi Madmax,
I am so glad that AAPL is giving you serious DOUGH$$$$$
I am very bullish in Gold stocks...
Market remains TOUGH...so play your hunch!!!!
Saleem
Hi Saleem,
MS profits only .03 per share lower this qtr as compared with last year. They are making boat loads of money, yet a 8% loss in stock value today? So net earnings are >10% of stock price. That's pretty darn good. If they slash jobs, then net qtr profits should return even greater %.
Best Regards
Hi Standards,
Your FA of MSFT will be a factor once FEAR is out of this market.
Let us see how the close is today.
Saleem
Standards
Look at AAPLE or POT, now you got a sure fire winner with products that the world wants and needs.
MS is a dying breed! IMHO of course.
Why are we selling off today
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