Markets are doing their usual things...start strong give up gains and then buyers take it up by close.....a sure sign that market is still in bull mode.....
Internals improved but Nasdaq Down volume were in the lead????...
New 52 wk highs improved as given :
NYSE 296 & Nasdaq 144
MU lost strong gains & closed lower on huge volume of 127.59 million shares vs average of 30.01million shares..high $11.05 low $10.11 an 8.6% move lower from highs on "blowout earnings"????
AH Oil,Gold,Silver UP
AH Asian markets higher
Next post on Saturday by noon...
BLOG does NOT give buy or sell.
Saleem
5 comments:
SALEEM
Happy Holidays
I was so Surprised with MU drop in price-thoughts as to why on record earnings--wow
I almost Amazon yesterday on the 4% drop! Scared of the Kindel drop in sales
another one I looked at was RIMM and MCD--fast money was screaming about them as good buys dunno
Best to all
MU will come back strong. Buy on rumor and sell on News seem to be still active in Wall Street. Furthermore, big boys want to bring it down to get it cheap.
RIMM also played a bit of role in the negative sentiment on the tech sector bringing MU down.
I got some MU myself based on the results.
Hi C,
Happy Holidays to you & everyone.
MU ER was "outstanding".....its tape was manipulated on Thursdays also as it dropped to $10.36 from $10.80 area....
Wall Street has its own game & its not hard to get few hedge funds to bring any stock down on huge volume to create panic in retail....
Tape is very tricky these days...so be careful when buying anything....
Except for few stocks like AAPL,BIDU..rest are all churning.
Saleem
Hi All,
Technical indicators article Death Cross
www.businessinsider.com/a-death-cross-is-forming-in-the-chinese-market-2010-3
Hi All
more of link
the-chinese-market-2010-3
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