Wednesday, July 6, 2011

Nasdaq UP seven day's in a row......NICE !!!!!

Indices ignored many negative news from which came from China, Portugal & USA. All indices closed UP, while Nasdaq made it seven in a row.

Internals were positive.

Next two days are all about jobs, which MAY have been discounted or reaction may be short lived.

The trend of the market is UP....

July MAY turn out to be the best month of 2011......

Markets are giving signal that it wants to move higher.

Many participants may end up chasing this market.

Stocks which were UP 2% or more included LULU,SVM,TZOO,UXG,
PLCM,SLW,AG,VMW,FFIV....

AH Futures UP

AH Asian markets mostly Down

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

Saleem
at

8 comments:

  1. charlieJuly 7, 2011 at 3:53 AM

    Hi Saleem,
    Thanks for all your great insight. What are your favorite materials and/or energy sector plays?

    ReplyDelete
  2. cJuly 7, 2011 at 4:16 AM

    S

    GOOD Morning to you...

    LULU up huge as is TZOO

    APPLE is rolling up huge going to $360 IMHO

    As for energy I like oils: ETP EVEP LINE KMP TOT
    I own these doing well for divi's. plays.
    FCX .
    J Cramer loves these me too!

    CAT DE AA F MMM EMR HON CMI DD PPG TC MO.

    very best to all

    ReplyDelete
  3. Stocks100July 7, 2011 at 5:05 AM

    Hi Charlie,

    Thank you for your feedback.It is good to know how my BLOG visitors view my take on markets & sectors.

    As i am not in this sector yet but few that i do like are CNQ,SU,TLM & TCK.....

    Good luck with your decision.

    Saleem

    ReplyDelete
  4. Stocks100July 7, 2011 at 5:06 AM

    Hi C,

    TZOO & LULU making another move this AM....very nice !!!!!

    Saleem

    ReplyDelete
  5. cJuly 7, 2011 at 5:33 AM

    S

    Job less claims was a positive report--the market is POPING

    the employment numbers were GOOD!! LOwest jobless claims record +++++

    Our stocks are up $$$$$$$$$$

    YES

    ReplyDelete
  6. cJuly 7, 2011 at 8:14 AM

    S

    TZOO is getting extended

    thoughts

    and thanks

    ReplyDelete
  7. Stocks100July 7, 2011 at 8:28 AM

    Hi C,

    TZOO RSI is 73.32..if you want to sell go ahead...book your profit.

    BUT..i am holding LULU whose RSI is currently 79.25.....i guess i am moe convinced of upside in TZOO & LULU.....

    Saleem

    ReplyDelete
  8. cJuly 7, 2011 at 9:15 AM

    S

    I do not argue with the GURU

    If we can squeeze more out of TZOO then steady as she goes

    OK

    THanks

    ReplyDelete