Indices were under pressure with high profile downgrade of MSFT & AXP issue with DOJ....
By close indices gave up from .72% to 1.11%.....Nasdaq being the weakest....
Internals were weak as listed below :
Down volume led by 3.66 to 1 in NYSE & 3.45 to 1 in Nasdaq
Declining stocks led by 2.63 to 1 in NYSE & 2.72 to 1 in Nasdaq
New 52 wk high shrank to 124 in NYSE & 54 in Nasdaq
In terms of technicals.... support in S&P is in 1120 to 1130 range.....
Strong stocks which closed green included LVS,AMZN,POT,IBN,
SOHU,RVBD,FUQI......
AH Futures UP
AH Asian markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteI am in BIDU at 99.6 and still holding. Do you expect BIDU to run down to its support at around $86? I am waiting to start position in AAPL.
Michael
Hi Michael,
ReplyDeleteAll the high fliers like BIDU,AAPL,VMW had a huge pullback already...they are ready to move UP.
I do not believe that they will pull back further.
Saleem
Saleem,
ReplyDeleteI have some dry powder, see anything exceptional out there??
Hi Victor,
ReplyDeletemany things are looking good..depending on your time frame...
ARUN for long term
Short term all high fliers like AAPL,VMW,BIDU,RIMM,AMZN,LVS...
Good luck !!!!
Saleem
GOOD MORNING TO ALL
ReplyDeleteI like Ford here--wow on voulme
APPLE is going to fly to $300 may be today!!!!!!!!!!!!! Yes
I also like the banks (Citi, etc)
DD is v good and is MCD. GE is getting some attention lately--may want to but before earings get the Divi and sell what I belive will be v good earnings
just my .02 cents
Best regards to all
Thanks Saleem.
ReplyDeleteStill holding AAPL. I'll take a look at the others.
Victor
Max,
ReplyDeleteThanks for your 2 cents.
Hi Madmax,
ReplyDeleteAAPL,BIDU,AMZN,VMW flying.....
Saleem