Markets are having NO traction despite severely OVERSOLD conditions......
NASDAQ breached its 52wk low today...THIRD time since Oct 10Th low......
S&P 500 came within 9 points of intraday LOW......
Technicals for market are UNHEALTHY......
Autos hearings are highlighting economic challenges faced by US economy.....which is SPOOKING confidence for traders/investors......
LDK ER did not give lift to its stock prices or sector as MARGINS are becoming a serious issue for this sector....
My oil ETF is swinging with Oil prices which is near 22 months LOW......currently UP 1 cent...
In my watch list only ISRG,GG,SGP are green......@ 12.49 PM.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Yes this appears to be right on time for the second low. This one may stretch somewhat lower than the previous one, but then another move back up for a longer period of say 3 months. Media reporting spotty layoffs as major events. From the last time I reported, my business has really picked up steam. $$$$$$. ATL gas $1.78 dropping. BUY bargains.
Best Regards
Hi Standards,
Nice to hear about your business picking up steam.....that is more important than anything else...
Markets will do what it needs to do..best of us have failed to make accurate prediction so far....it is a once in a lifetime BEAR...once it goes...it will be GONE for good....
Gas is also falling in Toronto $3.36 per US gln..lowest in 2 years!!!
Saleem
Post a Comment