Monday, October 4, 2010

All Indices closed down.....

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

8 comments:

Michael said...

Saleem,

I 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

Stocks100 said...

Hi Michael,

All 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

Anonymous said...

Saleem,

I have some dry powder, see anything exceptional out there??

Stocks100 said...

Hi Victor,

many 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

Madmax said...

GOOD MORNING TO ALL

I 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

Anonymous said...

Thanks Saleem.

Still holding AAPL. I'll take a look at the others.

Victor

Anonymous said...

Max,

Thanks for your 2 cents.

Stocks100 said...

Hi Madmax,

AAPL,BIDU,AMZN,VMW flying.....

Saleem