Markets are on a roll...Nasdaq made it 10 UP days in a row.......DOW & S&P 500 are real laggards..only 7 UP days in a row......
S&P 500 did go to a new 2009 HIGH but failed to close ......
AAPL as expected had a strong Sales & EPS above consensus..stock UP AH $6.89 on 8.05 million shares.....guidance as usual was below consensus but NOT as far below as before.....margins came in better @ 36.3% but they are guiding lower margin 34% for current Q which is Q4....
Solar stocks were on a tear....as China is showing major focus in Solar development for future energy needs....generous rebates & support for Solar industry...
Bulk Dry Shippers were also strong.....also due to China stimulus & GDP growth.....they need all the raw materials for their growth......
VIX closed @ 23.87....lowest close since LEH....
AH futures are mixed with Nasdaq in GREEN..Dow & S&P 500 minor RED.....
AH Nikkei Down .38%..so far
BLOG does NOT give buy or sell.
Saleem
1 comment:
Saleem,
Take a look at VIT. Breaking out. RSI tells me close to 5 more points coming.
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