Monday, August 9, 2010

.42% to .75% gain in indices...NICE !!!!

Indices closed UP .42% to .75% @ close......

Internals were much stronger than closing %..better than 2 to 1 positive reading....

Stocks that were UP 2% or more included SNDK,RIMM,CRUS,
IBN,SOHU,MA,V,TCK,SOLF,AMCC,CIEN,SOL,FUQI.....

Fed is all set to articulate their decision on interest rate which will
remain unchanged.... BUT may announce either their INTENTION
or IMPLEMENT some new measure to give a BOOST to economy.

Market reaction should be positive IF there is a new policy CHANGE language.

AH Futures Down

AH Asian markets mixed

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem

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