10 year bond yield went UP to 5.2230%.
Markets are trying discounted this UPTICK.
Dow went near 100.............nasdaq down 20.
Looks like markets after first 90 minutes are giving SIGNAL that they want to move ON.....to GROWTH story instead of reacting to BOND.
Strong stock list includes my two WISH from yesterday NMX is UP BIG almost $4......what a nice gift on a day like today......patience & homework does pay in the end.
STP was upgraded to a BUY by Lazard capital...so it is GREEN in this bad tape.
Other strong stocks after 90 minutes so far are :
CMED,ICE.
Expect an improvement as we go towards close.
Bought more gold stock EGO in this weakness.
Nice to see AAPL GREEN even after a downgrade from Think Equity & bad tape...bodes well for the market.
GOLD down $8.40.
OIL down 65 cents.
Good luck on your diversified strategy.
BLOG does not give buy or sell.
Saleem
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