Tuesday, July 27, 2010

Close was constructive despite consumers....

Today was a good test of market resiliency when consumers sentiment data was well below consensus......

S&P 500 low point was only 1109.78..it closed @ 1113.84 only 9 tick below 200 DMA.....

Dow was green @ close......

TAPE showed strength even though we were in overbought territory......

When market do not go down on bad news..pay attention...

Internals were weaker than close......

LVS ER is before open...

LRCX ER is after close...

Both should beat estimates....

AH BRCM ER was a beat & guidance slightly above consensus..AH stock UP 45 cents....

AH Futures Down

AH Asian market mixed

AH Oil Down

AH Gold UP

BLOG does NOT give buy or sell.

Saleem

2 comments:

madmax said...

Oh boy looking RED--no green who knows

EGO down .13 cents

My DD is doen today giving it all back
Oh well
SFL is GREEN tankers are green too
Best to all

Stocks100 said...

Hi Madmax,

Looks like a big down day today...First Durable goods number then Fed minutes @ 2 PM..

EGO is UP 27 cents....EGO is 60% of my portfolio......

Saleem