Friday, July 2, 2010

Market digesting economic data......

Economic report today is below expectation.

Jobs report showed 83k new jobs vs expectations of 100-110k......YES below BUT improved from 41k last month......

S&P 500 went to 1017.50 as low point so far which IS higher than 1010.91......

RSI in S&P 500 @ 29.99.....

Reaction to economic data & impact of long weekend is pretty tamed so far......

Gold UP 90 cents

Oil Down 93 cents

Canadian $ Down 50 tick to 93.95

Portfolio is AAPL,BIDU,CREE,POT,SNDK...

@ 12.37 following are green :

POT,TSL,CRUS,EGO,ASIA,NDN,V,IPI,IAG,GG,
ECA,AEM,ABX,FUQI,FSLR,SOL.....

BLOG does NOT give buy or sell.

Saleem

4 comments:

Anonymous said...

Hi Saleem,

Snagged some AAPL @ 243.75

Stocks100 said...

Hi Victor,

That is a great entry point.

Good luck with AAPL.

Saleem

Anonymous said...

Saleem,

I think the sellers are all sold out. Next week could be a good bounce. Everyone have a good weekend.

Victor

Stocks100 said...

Hi Victor,

YES...TAPE is telling the story near close.

Saleem