Friday, October 8, 2010

Job growth +64K..good enough !!!!!

Much awaited jobs growth did not stir any bearish scenario...+64k was not hot but not cold either....perfect environment for Fed to give a helping hand to accelerate growth in Jobs.....

Indices are getting a Buy from HFT after retail sold out after open.....

It pays to stay in this market.....

S&P 500 went to 1165.24 a new recent high again.....

Higher highs are not to be taken lightly..this is technical buy signal...also very soon S&P 500 will have a "bullish crossover" when 50 DMA will move higher than 200 DMA......

Gold UP $14.50

Oil UP $1.01

Canadian $ UP 50 tick @ 98.71

VIX Down 5.33% @ 20.41

Portfolio is AAPL,AMZN,BIDU,ARUN,LVS....

Most stocks are UP

@ 12.27 following are RED :

AMZN,TSL,JKS,LDK,LRCX,KLAC,KLIC,
YGE,SOHU,SOLF,CREE,CIEN,JASO,NVLS,
SNDA,FSLR,VAR.....

BLOG does NOT give buy or sell.

Saleem

4 comments:

Anonymous said...

Good morning Saleem.

Technical resistance @ S & P 1170.
Let's see if we can break thru next week.

Stocks100 said...

Hi Victor,

With the "momo" we have..1170 will be taken easily....

Saleem

c said...

GOOD AFTENOON TO ALL
Happy holiday to all of you
I am getting out on the boat this weekend Very Sunny and in the low 80% temp.

Did any one get some GE --wow it is going up as is
MCHP
Ford
WFR, LLY and MRK and HNZ thank you very much

My only red is my banks
Best regards to all Make $$$ while the sun shines --wow awesome

Stocks100 said...

Hi C,

Enjoy the sun this weekend !!!!

YES..things are looking pretty good $$$$

Saleem