Wednesday, October 27, 2010

Another record high close for Nasdaq..NICE !!!!

Indices were under pressure from open as Fed may not be as aggressive in QE 2..BUT again buyers came in around 230 PM to scoop up the bargain......Nasdaq ended UP while Dow & S&P 500 were down less than .40%....

How we close shows the real strength of any market......today's close was very constructive as we have been going UP in a straight line...

Stocks which were UP 2% or more included RVBD,JKS,SOLF,MCP,REE,
AKAM,FFIV,EXPE,VMW,YGE,BCSI,AMCC,NVLS,CRUS,ARUN,BAC,EBIX....

AH ER LVS was a beat & upbeat CC about future of their business..UP $4.38 or 10.67% in AH volume of 4.47 million

AH AKAM ER was a beat & guiding UP..UP $1.91 or 3.79% in AH volume of 1.85 million

AH V ER was in line..Down $1.84 or down 2.3% in AH volume of 399,694

AH Futures Down

AH Asian markets Mixed

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

3 comments:

Michael said...

Saleem,

AAPL was weak this morning due to margin concern?

Market is looking for direction before FED's decision next week.

I am currently 80% invested and in the money most of my stocks, so I may cash out some gain in this waiting mode.

I am looking to add AAPL on its weakness. Will that be okay?

Michael

Stocks100 said...

Hi Michael,

Do what makes you comfortable.

AAPL is OK with reaction to margin pressure..it is in lower end of this trading range.....

Saleem

Michael said...

Saleem,

Thanks for your comment. Sold my FCX and added AAPL @302.5. We should move up from here.

Thanks for LVS recommendation. It is on fire in weak market.

Michael