Friday, October 2, 2009

Market fighting its way back to UNCH !!!!

So...we got the much dreaded jobs report which was expected to be worst than consensus of 175k to 180k.....we got 263K......GS was @ 250K which also was a miss..as predicted by me????

So the combined talent of all the IVY league economists means big fat 0...and they get paid in millions$ for missing the mark by 46%....????

S&P 500 found support @ 1019.95.......50DMA is 1021.71........

This pullback was healthy and we have found support.....NOW we build strength and move forward..to higher HIGHS......

OIL Down $1.63

Gold UP $3.50

Canadian $ UP 24 tick

Portfolio is GNK,HL,MRVL,POT,RIMM......

@ 1.32 following are green :

AAPL,MRVL,TSL,BAC,WYNN,BIDU,LVS,
FSLR,ISRG,GS,SINA,GOOG.

PS...Went for ultra sound..got cleared of any Gall Bladder issues..but they found abscess in my bowel...means seeing a surgeon & going for CAT scan early next week.....

BLOG does NOT give buy or sell.

Saleem

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