I am sure lot of reader of this BLOG thought that i am out to lunch in suggesting on Sunday that "we could close green" on Monday....well.... here we are... green close in Dow & S&P 500 & barely red in Nasdaq...
Market TAPE has been incredible since Feb support ........
To fight this TAPE will be "totally pre-mature"....
This TAPE still has "major momentum".......it is strictly stock specific..a sign of strong bull market......
Green stocks included C,SOL,PWRD,RCI,ISRG,GS,EGO,
AMZN,ASIA,YHOO.....
AH IBM ER was weak...stock down $3.06 AH ..AH volume of 1.85 million shares...
GS reports before Open & AAPL AH...both will beat ..but guidance from AAPL is always below consensus.........
AH Futures are mixed
AH Nikkei & Singapore UP
AH Oil,Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteHello
hear are some comments:
Technically speaking, yesterday's recovery did not mend the technical damage from last Friday's loss. Short term momentum is still bearish.
High profile earnings due out Today/Tuesday include: JNJ, KO, GS, BK, STT, RF, NTRS, USB, HOG, COH, FRX, UNH, BIIB, SKY, GILD, ALTR, YHOO and AAPL.
Best to all
Hi C,
ReplyDeleteTechnicals said sell four weeks ago & market kept going UP.....
This market is fundamentally driven as worldwide economy is on fire......
Saleem
Saleem
ReplyDeleteYou are awesome!
We both were so surprised that the market keep going higher
Will RIMM go higher here or sell it?
MU almost broke $11 darnit
Best to all
Hi C,
ReplyDeleteRIMM should be a safer stock going forward......
MU is falling behind ???
Saleem