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
5 comments:
SALEEM
We are gonna have on awesome September, IMHO
all the stars are ligning up.
APPLE looking good
Hi Madmax,
We are off to a "good start"...
Good luck with your portfolio.
Saleem
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
Hi Michael,
I have taken profit in AAPL & BIDU already....
This part of my trading style.
Yes..my action recommends booking profit.....
Saleem
Saleem,
Thanks for your input. Sold FCX and BIDU.
Michael
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