Oil plunge below $120 came faster than what I was hoping.....any close below $121 is extremely bearish for Oil......$100 area is a "real possibility"
Dow was taken down 100 area then Oil plunges and Dow actually saw Green for a while.....
Many commodity related sectors are taking it on the chin....
Oil,Ag,Steel,Nat gas are all looking "very weak"
Markets are red on Fed meeting starting Tuesday with "no interest rate increase verdict on wed @ 2.15 PM"
In my portfolio :
SOL down 65 cents.....down day so far for solar....SOL is out of FTD list which IS extremely "bullish"for SOL future tape.
RIMM down $1.20......
HOD.TO....not trading as Toronto markets are closed for a holiday...should catch UP big time on tuesday trade as it is a short ETF on Nymex crude......
@11.51 AM the following are green :
AAPL,EGO,V,IGT,ISRG,VAR,DUG,BRCM,SGP,
EBAY,AMZN,LRCX,ALX.
CMED Q1 ER was a beat on top line & a miss by 1 cent on EPS.....Margins are improving but expenses are rising on yoy basis to support Sales & Marketing...31++ million shares on a fully diluted basis...Down $1.50+++
BLOG does NOT give buy or sell.
Saleem
2 comments:
Very bad market today.. everyone hurting, including shorts/longs...!!
Hi Troy,
Major trend change is going on in the markets.....
It is hard to deal with this shift.
Saleem
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