Wednesday, October 20, 2010

Nice snapback in Indices.....

Indices almost took out recent highs..as they came within few points.....extremely bullish TAPE..

It almost feels that we will get sharp pullback which needs to be bought.....

TAPE is telling us that economy is holding up much better than what bears have made it to be...

Roubini needs to update his doomsday scenario..we also need Prechter to come on CNBC & explain why his Elliott Wave theory has gone so horribly wrong...then retail will get more confident that sky is not falling after all......

AH EBAY & NFLX are jumping UP by 7.13% & 9.26%......even Adami is "talking a different game "reluctantly"

Thursday AH is very busy with many ER..here is a list of few with RSI :

SNDK 50.30
RVBD 53.93
BIDU 57.22
AMZN 57.94

AH Futures are Mixed

AH Asian Markets Down

AH Oil & Gold UP

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

GOOD morning to all
Saleem
APPLE up huge in pre market
it will close in on it high today and form their move higher tomorrow -Friday IMHO!

Dupont is still giving and Citi bank is awesome My BAC is a drag!

LVS is up premarket any predicitons in a breakout for LVS

Cheers to all

Stocks100 said...

Hi C,

Stocks are UP in pre-market including AAPL,AMZN...

LVS "breakout" is @ $39.80 which may come today for a target of $43.66....

Good Luck with AAPL !!!!

Saleem