Tuesday, February 1, 2011

Record high close for Dow & S&P 500....NICE !!!!

Indices are on a tear again.....

We are sitting @ highest point in 2.5 yrs .....

Internals were super strong.....

Adami, Kass,Prechter,Rosenberg are the undisputed "surprise for this year also",they remain firmly bearish for 2 years in a row......they haven't seen a single thing which has changed their mind yet...maybe S&P 500 @ 1500 could do the trick.........

Strong stocks included PCLN,FFIV,MGM,
BAC,RIMM,BIDU,GOOG,IAG,SLW,MOS,
POT,IBN,SOHU,ISRG,X,TCK,LVS,JDSU,
CIEN,LEN,NVLS,SNDK,ARUN,IGTE,STP....

AH ER BRCM guiding lower,stock Down 2.92%

AH ER WFR guiding higher,stock UP 3.35%

AH ER APKT was a beat,stock UP 4.92%.....may give some oxygen to FFIV & RVBD

AH Futures Down

AH Asian markets UP

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

Saleem
at

2 comments:

  1. psrajpalFebruary 2, 2011 at 7:55 AM

    Saleem,

    I have been watching some beaten down stocks which have shown great recoveries in the past.

    Your thoughts on CREE, GNK and CSTR will be appreciated.

    Thanks

    Paramjeet

    ReplyDelete
  2. Stocks100February 2, 2011 at 9:21 AM

    Hi Paramjeet,

    I will not touvh GNK or CSTR....

    CREE is a very good buy.

    All opinion based on fundamental trend of future business.

    Saleem

    ReplyDelete