Nasdaq pulled all the indices higher with a higher close.
Nasdaq was the-best performer by closing UP 2.68%...followed by S&P 500 then Dow.....
Volume was higher today in all indices....
More new highs on both NYSE & Nasdaq....
VIX had the lowest close in a long long time..closing @ 35.79....
GOOG reported a beat on EPS $5.16 vs $4.93 but Revenue lagged consensus by $10 million....
This is the first time that revenue @ GOOG was sequentially lower & growth Y/Y of only +6% vs traditional growth of double digits.....GOOG had RUNUP of $100 per share going into ER....so a"sell on the news is NOT surprising"GOOG ran UP $21 after ER but was trading unchanged around 8PM......
Futures are all RED.....
GE & C reports will be watched for Friday's trading plus Option expiry will be a factor also...
Most stocks were GREEN except Gold stocks in my watch list !!!!
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
Thanks for your excellent work on the market analysis. I looked the chart in tdameritradde, it seems Rimm's RSI is high and in overbought region. I may be wrong. Please comment.
Michael
Hi Michael,
Yes..RIMM RSI is 75.24...which IS high.....
Now the question IS...can it go to 80 or even 90...or it will base around here & that will drive the RSI LOWER????
These are the question..you have to interpret for yourself....
I am planning to add MORE RIMM on any pullback...but that is MY strategy...subject to change or market condiions.....
If you feel comfortable....then take a well deserved PROFIT NOW in RIMM.
Hope it helps !!!
Saleem
Saleem,
I like to add more RIMM as well and I just wanted to know your input on this before I make the move. Thanks for your comment.
Michael
Saleem,
Thanks for picking up GNK. It wants to go higher and higher +++$$$$.
Michael
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