Indices are sitting near high of the year.......
Not too many on Wall & Broad could have predicted this.....
S&P 500 have jumped 113.30 points in last 12 trading days......
S&P 500 is sitting @ 1759.77 near absolute highs.....
What is in store now ?
Another big week...... as biggest tech names are reporting....
Monday AAPL
Tuesday LNKD BIDU & YELP
Wednesday FB QIHU JDSU SPWR
Thursday FSLR
The above represents some of the strongest sectors.....
I expect majority of the above earnings to beat estimates easily.......
IF that happens we are looking @ above 1800 in S&P 500......
We are also entering strong Q 4 ...where guidance could be above estimates....
It IS a good idea to pick earning plays on a daily basis.......
risk / reward are very favorable based on trends in above sectors.......
Hopefully, we all can catch up in our performance IF we pick right......
Hopefully, my optimism for this week should pan out......as CMF is near five month high......
Good luck with your OWN strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
I am also optimistic into year end based on improving economics and confidence post-politics, although I'm not sure we'll quickly charge there given the high levels of bullishness and short-term overbought conditions already. That said, the pause in many high-growth stocks this week could set them up for better returns going forward.
Many key reports this week--it should be very interesting! :)
Stocktrader
Hi Stocktrader,
This could be the biggest week for most bullish exposure...
Saleem
Hey Saleem,
Sold out of OMED again...15.05.
The good thing is I have enough cash to completely re-establish the FB position if I choose. I'm still deciding what to do pre-earnings.
Stocktrader
Hi Stocktrader,
Good luck with your read on FB earnings.....
Saleem
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