Tuesday, August 31, 2010

Mixed close IS a victory today.....

HFT tried their best to derail this market but FAILED...thanks to higher volume & real long-term buyers stepping IN.....

Only Nasdaq closed Down

Chinese PMI is expected to show growth...anything higher than 51.2 of last month will set a rally in markets....

India's Q2 GDP was +8.8%..they are predicting minimum +8.75% GDP for 2010.....I guess Roubini & David Rosenberg have NOT heard of China & India's GDP growth rate in their "doomsday scenario"

Internals of the markets were OK.....

Many stocks closed green including AAPL,BIDU,TSL,IBN,SOHU,X,GG,
JASO,SOL.....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

Saleem
at

5 comments:

  1. MadmaxSeptember 1, 2010 at 6:44 AM

    SALEEM

    We are gonna have on awesome September, IMHO
    all the stars are ligning up.

    APPLE looking good

    ReplyDelete
  2. Stocks100September 1, 2010 at 6:47 AM

    Hi Madmax,

    We are off to a "good start"...

    Good luck with your portfolio.

    Saleem

    ReplyDelete
  3. MichaelSeptember 1, 2010 at 8:43 AM

    Saleem,

    Market is strong today. I am in the money for most of my stocks. Do you think it is good time to take some profit? It has been up one day and down another day, so just a precaution. Thanks for your input.

    Michael

    ReplyDelete
  4. Stocks100September 1, 2010 at 8:56 AM

    Hi Michael,

    I have taken profit in AAPL & BIDU already....

    This part of my trading style.

    Yes..my action recommends booking profit.....

    Saleem

    ReplyDelete
  5. MichaelSeptember 1, 2010 at 9:39 AM

    Saleem,

    Thanks for your input. Sold FCX and BIDU.

    Michael

    ReplyDelete