Obama surprised everyone by asking congress to vote of "cruise missiles being fired"
No President before Obama ever asked for "cruise attack permission"
SO..we wait for another 10 days for this to play out......
Chinese PMI came in better than expected 51.0 from 50.3...a sixteen month high......this number alone should cut all the negativity from investors / traders mind......
VOD & VZ are voting on $130 Billion deal for VZ buyout of VOD stake
World markets are open on Monday only Canada & US are closed......
We will see how Asia & Europe opens on Monday.....
Last week Bull Bear ratio are Bulls 38.1% vs 43.3%, Bears 23.8% from 21.6%
This week Friday is the-most important day to figure "taper or not to taper"...it is jobs report....Jobs report has been erratic for months now.....
India's economy is growing much slower than expected 4.4% GDP for Q2....& Rupee in freefall...
In US Debt ceiling is another issue....
BUT there is tremendous amount of cash on the sidelines to take advantage of any opportunities....
This shortened week could be bring "real firework" in TAPE...
SO..sit back & relax & play your favourite stocks for some gains......
We may have escaped another wall of worry of Syria for now......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
It was easy to sell last week for any number of reasons, and it seems to me that bearish sentiment and selling velocity may have peaked. I outlined the short-medium term bullish case for stocks in my writeup.
It will be interesting to see how strongly the market reacts to the seemingly positive indications about Syria and China PMI.
I wish the market was open tomorrow! :)
Stocktrader
Hi Stocktrader,
We are "both aligned" in bullish direction...which IS a good thing.
Market should play "catch UP" on Tuesday......
Saleem
Post a Comment