Tuesday, July 21, 2009

Nasdaq & Dow closed @ new 2009 HIGH.....

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:

Anonymous said...

Saleem,

Take a look at VIT. Breaking out. RSI tells me close to 5 more points coming.