Dow & Nasdaq are in green while CIT mess is putting pressure on financials, thus S&P 500 is negative.....
China GDP growth by 7.9% exceeded consensus....
China Retail sales UP +15%
China Industrial production UP +10.7%
The above is a clear picture that world economy is on the mend...World Bank is predicting 7.2% while IMF saying 7.5% GDP growth for China.....Chinese govt is predicting 8% GDP growth for 2009.....
Gold Down $3.60
Oil Down 10 cents
Canadian $ Down 31 tick after gaining 4 cents against US$ in 3 days.....
JPM ER was a beat on Sales & EPS....
GOOG & IBM reports AH..expecting a beat...
In my portfolio :
Bought EGO a Gold producer.....
Portfolio is EGO,GNK,IPI,MRVL(breakout @ $13.13),RIMM,SOL,SLW,TLM.....
@ 12.10 following are green :
EGO,IPI,RIMM,MRVL,SOL,POT,SINA,CTRN,LULU,
JRCC,MA,BIDU,ISRG,FWLT,V,NVDA,SNDK.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem-
News: they need shippers to get the ore their:
IRON ORE IMPORTS INTO CHINA 13-07-2009
Preliminary Chinese customs data for June indicate another very strong month for iron ore imports, with 55.3 Mt entering the country. If confirmed this would represent the second-highest monthly total ever, just short of April’s record 57.0 Mt. As a result the preliminary 1h09 iron ore import total is 297.2 Mt, up 29% on the same period last year.
According to reports from China, steel production in June meanwhile reached 45.4 Mt. This pushes 1h09 output to 262 Mt, very close to 1h08 production of 263 Mt.
Hi Madmax,
Entire stock market looking GOOD $$$
All growth stocks including shippers will do well.
Commodity based are especially positioned better $$$$
Saleem
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