Wednesday, July 15, 2009

3%+ rally on heavy volume.......NICE !!!!

All indices went UP in 3% area on heavy volume.....

Internals were "super strong"

Nasdaq closed "higher" than recent high of 1861.62..closed @ 1862.90..higher highs begets more highs.....

GOOG,IBM,JPM will report on Thursday....all will beat which SHOULD give further boost to this rally.....

AH Futures are RED.....based on CIT bankruptcy fear.....

AH Nikkei is UP 2.38% so far.....

AH Oil is UP

AH Silver is UP

China Q2 GDP will be out @ 10PM tonight..consensus is +7.8% growth...I am expecting it will live to its expectation.....which WILL give boost to stock market worldwide....

In my portfolio:

Added 50% more GNK.....

BLOG does NOT give buy or sell.

Saleem

4 comments:

standardshigh said...

Hi Saleem,

Yep 7.9%

BDI +223 3324

Best Regards

Stocks100 said...

Hi Standards,

JPM beats by a mile.....

Futures turned UP+++

Rally continues $$$$

Saleem

madmax said...

SALEEM

Good after noon to all!!!

The market is struggling to be positive today.
GE is holding up at $12 and my tiny position in BMY is up nicely...

3 cheers for Visa up over 2% GOOD news form JP Morgan--sequential improvement credit card sales which will increase transaction fees for Visa--Yes

Best regards

Stocks100 said...

Hi Madmax,

Nasdaq & Dow green...which is nice considering CIT mess....

Happy for your V,BMY....

Saleem