Thursday, May 5, 2011

.48% to 1.10% loss in indices again.......

Indices were lower @ close again & all indices made lower lows, Nasdaq barely went lower by fraction.

Nasdaq TAPE is encouraging......

Internals were negative, but not by much....

Oil, Silver & Gold went down sharply as their risk factor has diminished for now.

US$ showing strength, which is negative for all commodities.

Stocks which went UP 2% or more included SINA,APKT,BWLD,CMG,
AKAM,JDSU,NVLS,IGTE...

AH ER were greeted as follows :

YOKU <5.17%>

CF + 3.64%

PCLN + 2.03%

LLNW + 5.96%

Friday's Job report is expected to be 186K...I have a feeling that we MAY miss this expectations ...BUT market may recover quickly as most indices are already Down from 2.75% to 3.02%.....

AH Futures UP

AH Asian markets Down

AH Silver Down

AH OIL & Gold UP

BLOG does NOT give buy or sell.

Saleem

5 comments:

c said...

S

Mixed news on unemployment 220K new jobs made the market POP

Looking at my stocks APPLE up $3.20
BIDU, SINA LULU are all up
I do hope the commodities come back up!

I bought FCX and EVEP

Good luck to all and a great weekend

Stocks100 said...

Hi C,

Job report was better than expected.

Most stocks are UP.

Saleem

c said...

S

Looks like APKT is losing steam?

Do you have a ideas as to what next may be a good buy?

thanks

c said...

S

I fell and hurt my lower leg
Hurts like heck I got a small lump there now

Darn it

Stocks100 said...

Hi C,

Sorry to hear about your fall..ice pack is best to heal......

APKT is basing before moving higher...which could be a good entry point for some.

Some good ideas are VMW,NTES,RENN..all looking good !!!!

Saleem