Tuesday, April 5, 2011

China raising rates for 4th time & AAPL being weighted down ?

Markets are under slight pressure due to China raising interest rates for the 4th time & AAPL weighting is being reduced by Nasdaq in Nasdaq 100 / QQQQ from 20.49% to 12.33%....which forces selling due to rebalancing by HF & Institutions.AAPL rebalancing is effective May 2nd.

China is forced to increase interest rates as inflation is ticking up in Chinese retail & wholesale.

I expect markets to close GREEN....

Any weakness in pre-market & @ open should be bought.

BLOG does NOT give buy or sell.

Saleem
at

2 comments:

  1. cApril 5, 2011 at 7:38 AM

    S

    very nice commentary and summations

    thanks

    BIDU down
    POT down
    APPLE down $2 bucks--was going to buy some
    thought better after all! Hmmmm

    Regards to all

    ReplyDelete
  2. Stocks100April 5, 2011 at 8:06 AM

    Hi C,

    Thanks for your feedback.

    AAPL was a sreaming buy in pre-market @ $331 ?

    IF it goes to that level then buy or wait till May 2 PM when rebalancing is effective....

    Saleem

    ReplyDelete