Indices are @ record level, some as high as back in 2007.....BUT some GURU will tell you continuously that we are due for a crash @ every high for the last 2+ year.....I am sure their followers are way down.....
Internals were strong all over by better than 2 to 1, new 52 wk highs expanded.
As we all know that higher highs gets series of new highs.
RSI @ close are :
S&P 500 63.59
Dow 65.76
Nasdaq 66.60
In any major bull move RSI tops out near 80........
Ben Bernanke is releasing Fed statement @ 12.30 PM, then Q&A with reporters......it will be prudent to do any buying before 12.30 release.....as BB will propel this market higher.......
Stocks which moved 1% or more included RIMM,SNDK,
CF,GOOG,ALTR,MA,V,CREE,JKS,MU,AMCC,IGTE,NVDA....
AH ER APKT Down on beat & higher guidance, Stock Down 2.7%
AH ER AMZN lowered EPS guidance, Stock Down .91%
AH LDK pre-announces lower guidance, Stock Down 4.99%
BIDU reports AH Wed, expecting a beat & guide UP.
POT reports before Open Thursday, expecting a beat & higher guidance for the year.
AH Futures UP
AH Asian Markets UP
AH Oil, Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
8 comments:
Saleem
Wow a good analysis
thanks
We have another 70% degree is DC -that is 6 in row!
We get no spring?
what is a BB?
As for stocks SOHU is way up, BIDU is up .93 cents
LULU giddy up please! smile
the banks are still crushed my JPM is awful. KO should recover from the earning surprise.
I am so surprised that SLW did not move a lot higher.
Have a great day !!!!!!
Hi C,
Thanks for your feedback.
BB is Ben Bernanke.
We have 54 F right now....spring like.
SOHU is a great buy NOW......
LULU should be UP....
SLW is dead for now.....
Saleem
Saleem,
Picked up some ICO, CLF, and APKT just now on this dip. Thanks for the analysis on APKT!
Stocktrader
Hi Stocktrader,
Thanks for your feedback.
Good luck with your portfolio.
Saleem
Saleem,
What a wild ride on APKT! However, we are in Green now. It should break its new high in any moment.
BIDU is not behaving well before ER. What will be your talk on this? Thanks.
Michael
Hi Michael,
YES...APKT is behaving as I expected...AH is dangerous.
BIDU ER should be a beat & guidance great...as Q2 is BIDU strong Q.....
This is a normal pullback before ER..like APKT.
Saleem
S
it looks like BB left the interests rates alone
Yeepee
Market likes it
APKT is rocking!!!!!!! $$$$ yes. LULU is Green
Hi C,
Happy days are here again.....
It is all about making money !!!
Saleem
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