Indices pulled back @ close with internals being much weaker than close.....
Down volume & declining stocks were in the lead by about 50%
New 52 wk high list is shrinking 156 in NYSE & 107 in Nasdaq
AH RIMM ER had a miss in Sales & EPS Down 4.62% in AH volume of 1.09 million..Forward guidance of Sales & EPS are better than consensus.....
AH MU had a beat in sales & huge beat in EPS by 15 cents UP 2.89% in AH volume of 393,650...CC was upbeat & business conditions for DRAM & NAND are strong...they do not give exact guidance.....much like GOOG....
AH Futures are UP
AH Nikkei,Singapore & China UP..Japan economic survey numbers were better than expected..giving boost to Asian markets.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
GREAT call on MU!!!!!! $$$$$$
Fast Money had fantastic things to say about it
they also love McDonalds>>> Hmmm
CNBC says Monday may be a very market down day--I do NOT see that...
I have not sold my QID or VXX as I thought Today would be capitulation day--NOT
Peace to love to all
C
Hi C,
Thanks for your feedback.
MU price target has been bumped UP by many analysts..almost double of where its trading @....
Markets is NOT taking cue from technicals or pundits....unless it changes its course..trend remains UP...
I am keeping QID only.....just in case....
Bought EGO @ open !!!!
Saleem
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