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
Hi Saleem,
ReplyDeleteI 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,
ReplyDeleteLDK 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 !!!!