Wednesday, April 22, 2009

Markets rolled over ????

Markets are looking TOPPY......

Today was the first day of "technical rollover" in last seven weeks ????

Markets ARE giving me a feeling of weakness setting IN.......

AAPL had a great ER AH...beat on both top & bottom line.....Guidance as per tradition was weaker than consensus..AAPL UP $3.59 in AH on 5.91 million shares AH for a total volume of 33.53 million vs normal volume of 24.67 million......

VIX closed @ 38.10

AH futures are small RED ???

Suggest REDUCING exposure to market for active traders & delay buying for few weeks for long term holders as prices MAY come down......sometimes TOPPING action may go on for several days......

TAPE looks tired and stocks are extended in seventh week of RUNUP.

BLOG does NOT give buy or sell.

Saleem

2 comments:

standardshigh said...

Hi Saleem,

Ditto on your blog.

Best Regards

Stocks100 said...

Hi Standards,

Thanks for your feedback.

Saleem