Dow & Nasdaq made lucky seven in a row on the upside close.....S&P 500 missed it by a fraction....
Poor retail sales could have done lot of damage & Fed minutes were of no help...BUT we closed mostly on a positive note.
Nasdaq went ABOVE both 50 DMA & 200 DMA BUT we closed lower in both..not by much ..just by 2 & 5 points....
Dow also went above 50 & 200 DMA but held above 50 DMA @ close ..only 8 points below 200 DMA....
S&P 500 closed above 50 DMA..is only 17 points below 200 DMA......
Today internals were weaker than close.....
Stocks which were UP 3% or more included CSIQ,VMW,FUQI,TSL,JASO,STP...
Thursday trading will be impacted by many news....like jobless claims which is expected to be 445,000...
Thursday before open JPM ER & AH GOOG..both expected to be a beat....
China GDP came in @ 11.1% in 1st half from 11.9% in Q1 ....which implies Q2 GDP growth of 10.5 to 10.6%..consensus was 10.5%....but they are not breaking it down....CPI & PPI both fell .6% & .3%..disposoable income up 7.5% & 9.5% in urban & rural category...
AAPL AH announced that they will hold a "press conference" on Friday @ 1PM EST.....which is Option expiry day...it will address all the solutions about iphone4 reception issue......this announcement came after 8 PM when AH trading closed ????
AH Futures Down
AH Asian markets mixed
AH Oil Down
AH Gold UP
BLOG does NOT give buy or sell.
Saleem
No comments:
Post a Comment