Wednesday, July 28, 2010

Weak durable goods order putting downward pressure in market......

Indices are fighting back again despite poor data for durable goods..down 1% instead of being up 1%....

Indices are down .10% to .53%..Nasdaq is the weakest & Dow stronger.....

@ 2PM Fed minutes will be released which will point to weaker economy same as Fed Chief testimony....

How market reacts to Fed minutes will either show resiliency or may weaken as we are overbought....only close will tell....

SO..it is prudent to book gains as we muddle through....

Oil Down 82 cents

Gold UP $1.80

Canadian $ UP 14 tick to 96.57

Portfolio is EGO,BCSI,LRCX,VXX......

Majority of stocks are down....

@ 12.26 following are green :

EGO,VXX,LVS,RIMM,SOHU,GS,
AMZN,POT,AGU,TSL,IAG,GG,
TKC,WYNN,AEM,RY,FSLR....

LRCX reports AH...should be a beat & guide UP.

BLOG does NOT give buy or sell.

Saleem

6 comments:

madmax said...

SALEEM

HEy
How ya doing

I bought apple again
Looks week here
APPLE seems to go with the market

Still got my EGO

Sold all DD except core shares

Best to all
I say get apple here

Stocks100 said...

Hi Madmax,

AAPL is a good buy here...I may join you on Friday.....

EGO looking very good $$$$$

Saleem

Anonymous said...

Hi all,

Just joined the EGO bandwagon. Still holding AAPL from before. Let's hope for a good close.

Stocks100 said...

Hi Victor,

Gold seasonality is from end of July to end of Dec....thus my heavy focus in EGO...plus price is more than right..

EGO reports Thursday...before open CC @ 830 AM.....

Saleem

Anonymous said...

What do you guys think about RIMM? Product launch coming soon.

Victor

madmax said...

HEllo Victor

Listen to fast money spoke about RIMM a lot
new product lunch with touch screen many be a success

they were skeptical about it success DUNNO

best to all