7/15/2010 gameplan | Bulls on Wall Street

7/15/2010 gameplan

 
moooooooorning. Futures a bit flat to slightly higher. Oil looking solid this morning up .5%. JP Morgan came out with some rather large numbers.  China GDP numbers were out last night. Reports are that the growth is still between 10-11% even with the govt putting some extreme curbs on lending and investment to keep the economy from overheating. Surprisingly the chinese market still fell. FXI (china etf) is gapping down nearly 2%.  The general market is geting a bit too hot but still has the feel that it wants to go higher.  As always the market will always overshoot too far both on the downside and to the upside.  A pause for a few days could give it the rest it needs to continue higher.  Best be nimble right now.  Still keep good cash positions, minimum 30% for myself.
 
 
some stocks
 
 
 
 
 
 
 
 
 

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