Another high close for S&P 500 & Dow...NICE !!!!

Dow & S&P 500 marching to their own beat into another high close...Nasdaq slightly behind.....

Solar stocks took a pounding on "rumour of German subsidy reduction"...Germany already has reduced subsidy by 10% @ start of 2010 and was EXPECTED to reduce subsidy by another
10%+ from July 1 which is the start of Q3...so the surprise in rumour is that it will be another 16% to 17% & starting in Q2.....so this COULD be a two fold surprise....MORE subsidy cut than anticipated & STARTING earlier than anticipated......most solar were down from 5% to 12% due to "surprise factor"

I personally feel that we have seen the REACTION in solar stocks & we gradually work our way UP from here.....most solar stocks ER normally BEAT by a wide %..so this reaction to subsidy does NOT change much in terms of 2010 EPS or Sales.....

Many stocks outperformed which includes ASIA,PALM,TC, BIDU,SOHU,
NTES,GOOG,MA,ISRG,RIMM,RVBD,LVS,WYNN,FMCN.....

VIX continued its new 52 wk low tradition by closing @ 17.63..which means that market MAY continue to go UP.....

AH Futures are RED..as INTC ER although was a BEAT BUT it is being sold off..barely UP in AH + 17 cents in AH volume of 14.76 million shares...

JPM reports before Open which will set the tone for markets & it is Option Expiry which MM will bring MANY stocks to its desired strike levels.....

AH Nikkei Down

AH Hang Seng Down

AH Shanghai Down

AH Oil Down

BLOG does NOT give buy or sell.

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