Wednesday, July 1, 2009

Market internals "way stronger than close"...NICE !!!!

Market internals were giving a much stronger picture in both NYSE & Nasdaq.....

UP volume were leading by 59 to 32 in NYSE & 42 to 18 in Nasdaq

Advancing stocks were leading by 22 to 7 in NYSE & 18 to 8 in Nasdaq

New 52 wk highs were 29 in NYSE & 37 in Nasdaq.....there were 0... 52 wk low in NYSE....a rare occurrence.....

IF market ignores Bad Jobs data then we MAY have a strong close on Thursday......

AH futures are mini red......

AH Nikkei is UP .21%

AH Oil is UP.....

Strong stocks were IBN,STP,YGE,PMCS,KLAC,KGC,BX,.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

  1. Happy 4th of July to all

    I am not please by the jobs data
    GE is selling off again
    PMCS seems like a buy at this price$$7.87


    Cheers to all

    ReplyDelete
  2. Hi Madmax,

    We will be OK by close $$$$

    Yes PMCS in $7.87 area is a buy.

    GE will move UP with market..it has found support in $11.50 area...

    PS...economy is improving...believe it or NOT !!!

    Saleem

    ReplyDelete