Wednesday, July 20, 2011

Markets in holding pattern before European / US news......

Indices closed slightly lower, Nasdaq was weak down .43%.

Internals were negative in Nasdaq.

Stocks whichwere UP 2% or more included AUY,
LOGI,AAPL,SLW,AG,SVM,JASO,SOL,BAC,CRUS.....

Jimmy the Cramer spend most of his "showtime" trumpeting AAPL & comparing against mighty USA..his verdict AAPL is MIGHTIER...all this created a gain of 10 cents AH in AAPL
share.....

AH ER were greeted as follows :

INTC <1.91%>
QCOM <2.55%>
FFIV <7.04%>
EBAY <1.42%>

AH Futures Mixed

AH Asian markets UP

Oil, Gold & Silver UP

BLOG does NOT give buy or sell.

Saleem

9 comments:

c said...

S

YES

correct
J Cramer was way over the top with the APPLE review
what a shrill--He is one smart cookie I will give him that, but $500 apple target Hmmm

thanks for the blog

Looking at a red market pre market

Stocks100 said...

Hi C,

Jimmy the Cramer & Joe Terranova wants everyone to buy AAPL @ $400...

Anyone who can see AAPL chart knows AAPL needs a rest & base building for weeks...

AAPL RSI @ 79.25...is NOT in buy zone...LULU never went this high in RSI ????

OH well...the power of CNBC & its many genius.....

By the way I will be looking @ AAPL for Q4 lift off...that is when AAPL may make to high $400++++

Saleem

c said...

S

Is TZOO on sale today

WOW down $25 smackers

c said...

S

do ya think that at this point it is tasty for a buy
a drop of $25.78---seems over done on an earning report that did NOT seem to bad

best to all

Stocks100 said...

Hi C,

TZOO needs to build a base then it is a buy.

Saleem

Stocks100 said...

Hi C,

TZOO will be "dead money" for a long time...they missed by 6 cents....not good for high beta stock....

Saleem

c said...

Saleem

Sage advice about TZOO

thanks

c said...

SALEEM

SINA and BIDU are down today
TZOO still hovering at $57

FCX took a hit on a good earning report

best to all

Stocks100 said...

Hi C,

TZOO will drift towards $49 before it will find support.....

Earnings are not a good way to play this market..they are all heading way down.

Saleem