Markets are showing slight negative bias going into fed rate decision @ 2.15PM......
GDP report was showing slowing growth of .6% vs expectations of 1.2%.......
GDP report was NOT a surprise to those who have noticed a slowdown in US economy......
GDP is expected to show a similar performance in Q1......
ADP survey report is showing a healthy growth of jobs.....which will be confirmed by jobs report on friday ?????
My bet is that fed will reduce fed funds rate by 50 basis.....& it will float the markets...so NO sinking spell after the announcement.......
If that happens then we can safely have the thesis that we have SEEN the-LOWS in the markets.......
In my portfolio :
AAPL,CSIQ, are showing colour GREEN....
LDK,AGU,AKNS,MA,PCA.TO,UEX.TO are in RED......
@11.29 the following are green :
DRYS,RIMM,BRCM,SNDK,VMW,ISRG,AMZN,FMCN.
@3PM I will post my reaction to fed decision in BLOG......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I haven't seen the volume so low on LDK since I've owned it. Markets are on cruise control til Fed. time. Yawn. LOL. It will get exciting shortly. I hope you are right on hopeful bottom. Come on green.
Hi Doug,
LDK has the-lowest volume ever since I have owned it......
Low volume sell-off is a sign of support @ current levels.....
LDK is making higher lows in recent sell-off...
$26.15 then $29.02 were the last 2 low points on much higher volume in Nov & jan......
Close could be very interesting !!!!
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