Friday, June 19, 2009

Nasdaq strong today.....

Markets are giving up majority of gains all due to Quad-witching Option expiry...Option market entails Billions in profit or loss depending on strike price......

Traders/Investors are comfortable with what they see in economic picture...future is bright going forward.....China economy forecast was upgraded by World Bank as GDP growing to 7.2%..good for all markets !!!!

Gold UP 50 cents

Oil UP 50 cents

Canadian $ UP 19 tick against US$...yesterday it closed down 18 tick.....in a basing mode....

Portfolio is MRVL,PMCS,SOL,TLM......

@ 12.44 following are strong :

MRVL,SOL,PMCS,STP,AAPL,KGC,AMZN,PALM,
SINA,FMCN,ICE,TKC,LULU,CCJ,IGT,JRCC,WYNN,
BIDU,LVS,CMED(ER BEAT),SPWR,FSLR,ISRG,
GG,VAR,IBN,GOOG,TLM,GRMN.....

RIMM is being sold off despite target increase by many analysts???

BLOG does NOT give buy or sell.

Saleem

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