GS had a strategy of creating euphoria about Job creation.......their numbers were off by 45,000 a shortfall of only 36%...a statistical error ?
MAYBE GS was deliberate in creating euphoria & MAY have benefited by taking the opposite trade ????
GS was known in the past to have advised buying, while shorting @ the same time ?
SO..GS may be the proud sponsor of orchestration of euphoria & going against that euphoria.....maybe a conspiracy theory....but worth pondering based on timing of their last minute change.......
SO..where we go from here ?
WHAT changed ?
As far as US economy goes, it IS chugging along @ its slower pace.
July economic data may show first sign of growth.....
Earnings reports may be divided into warnings / below expectations & those who exceed.
Sector weighting may be the key to getting ahead.
Base metals have been punished long enough & may be ripe for moving UP.
Most economies may have seen their lows in June....
Making money in Wall Street is never easy, but it may get tougher based on poor earnings scenario of certain Technology segment.
It is important to deal with poor stock picks, IF they are under pressure.
Many stocks will be hit hard IF earnings are NOT as expected.
Making mistake is not an issue, but NOT dealing with it IS.
Hopefully, this week we move forward & regain momentum in indices.
All indices are showing accumulation as per CMF. CMF in Dow 0.236, S&P 500 0.310 & Nasdaq 0.373........
VIX is giving a bullish reading.
Good luck with your rethink about sectors & weighting.
BLOG does NOT give buy or sell.
Saleem
11 comments:
SALEEM
Hello
COH is one of the few greens on my screen
MS is so doen again Financials gotta come back soon?
VBTY
C
Hey Saleem,
I'm looking to sell YUM ahead of the earnings tonight. I'm not familiar enough with the company to gauge the current earnings and reaction, and my thesis is more for the future. Based on some other companies' indications, I think there's some risk to a large post-earnings decline, so I'd rather wait until after earnings (either positive or negative) to undertake my Chinese consumer thesis.
Stocktrader
Stocktrader
Go Chinese connection
GO BIDU
Lets hope all earning a not a flop like AA
I would still think that MCD is a great play here.
C
Hey Saleem,
Sold the YUM as well as TNA. Took the chance to clear out of those for reasons outlined prior when the market was near flat.
Stocktrader
SALEEM
COH and APPLE are rocking today
Yahoos
SFL may be a bargain again if it drops lower in price
C
Hi C,
AAPL keeps on chugging....
YES COH has a pulse again....
Financials are challenged earnings wise & thanks to JPM.....
Saleem
Hi Stocktrader,
Being confident going into earning is extremely important....
YUM do not know as to its TAPE or history......
Saleem
SALEEM
IBD give BIDU a ranking of 99 --very cool
Oh the temp here in MD/DC is 87% not so bad today
hoping for more moderate temps
C
Hi C,
BIDU should be OK after taking a huge hit from $160+ area.....
High temp where i live is 75 currently 68......
Saleem
Hey Saleem,
Bought NUAN at 22.49. I re-examined the situation that made me sell, and I couldn't find any real evidence to show a weakening relationship with AAPL. Couple that with the other business lines that are also doing well and I feel I was fortunate to be able to buy back more cheaply.
It seems like tech has absorbed their full hit--I think the market looks good for the rest of the day! :)
Stocktrader
Hi Stocktrader,
Sorry was tied up on phone.
Good luck with NUAN.
Saleem
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