Many trader on CNBC will say, that the stock has rallied 1200 point in DJI and about 120 point in S&P500 and today its time to sell it, do you believe this ? The market has 11% shorts right now. Which means the rally can easily pass 12000 in DJI, and 1250 in S&P unless there is extreme bad news from Greece. Many trader has missed it and many on shorts side. So don't be surprise with such negative sentiments. The rally is going to extend. Another reason why i think the rally will extend is, tomorrow the jobless claim is coming out. Since it was Columbus day on Monday, the jobless claim will drop because of Holiday and eventually extending the rally. There is no harm in taking profit as i always say. EIA petroleum report is coming at 10.30 EST, this may help extending the rally.
GOOG earning report will beat estimate, as INFY beat the estimate today.
JPM is the one to watch out. I am still seeing upside in this stock.
The profit taking will take on Friday or Monday again.
NFLX, POT, MOS all showed gain as expected. It was alerted yesterday.
GOOG earning report will beat estimate, as INFY beat the estimate today.
JPM is the one to watch out. I am still seeing upside in this stock.
The profit taking will take on Friday or Monday again.
NFLX, POT, MOS all showed gain as expected. It was alerted yesterday.
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