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:

  1. Good morning Saleem.

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

    ReplyDelete
  2. Hi Victor,

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

    Saleem

    ReplyDelete
  3. 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

    ReplyDelete
  4. Hi C,

    Enjoy the sun this weekend !!!!

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

    Saleem

    ReplyDelete