Wednesday, April 1, 2009

Strong tape on negative ADP job report.....

Markets were predicting a "down day " after close last night based on futures.....

8.30 ADP Job report did not help the negative sentiment......

Selling also started because we were in Q2 so there was no perceived buying @ all.....

All of the above negative gave us a quick triple digit loss to the delight of sellers/shorts.....

BUT.....

Q2 started a NEW window dressing session as trillions are waiting on the sidelines for entry points.....

Day ended with a respectable close of GREEN all over.....

Nasdaq had the least of % gain for a change...but the volume was higher than yesterday...which is a great sign of things to come......

EXM got waiver & credit extended till 2016.....should help Bulk Dry Shippers on Thursday !!!!

Before open MON reports which will affect all AG....

AH RIMM reports which will affect all Techs.....

BLOG does NOT give buy or sell.

Saleem

7 comments:

madmax said...

madmax_194752@yahoo.comSALEEM
Hurray--a green day today!!!!!!!!!!

My GE going to $11 today, and CITI are flying high....

Monsanto did not do bad on earning, yet they are killing the stock.
BooHou

Cheers to all

Stocks100 said...

Hi Madmax,

I am happy that C & GE is strong.

Saleem

standardshigh said...

Hi Saleem,

Ka-Ching $$$$$$$$$

Nice!

Best Regards

Stocks100 said...

Hi Standards,

Yes,Yes & YES to $$$$$

Looking very GOOD!!!

Saleem

Michael said...

Saleem,

I wonder if you hold Rimm through ER. I got Rimm with small profit. Thanks.

Michael

Stocks100 said...

Hi Michael,

Yes...I am holding RIMM post ER !!!

Future of RIMM is much better NOW imho....

Good luck on your purchase of RIMM!!

Saleem

Michael said...

Saleem,

Thanks for your response. I am holding Rimm. Good luck to all.

Michael