NASDAQ went to new 52 week low today..second penetration of lows since Oct 10Th....
Technology SEEMS to be MOST vulnerable to worldwide SLOWDOWN.....as discretionary purchase MAY be put ON HOLD......
RIMM,GOOG & many other techs hitting fresh new lows......
Based on market tape of this morning...it seems that broader market is TRYING to find a footing above LOWS.....which IS a good sign so far.......
UYM staying green.....for me !!!
@ 11.59 AM following are green in my watch list :
SOL,IPI,POT,AGU,FSLR,FXI,DIG,SNY,SGP,LVS,SPWRA,X,ICE.
BLOG dos NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteI like a few on your watch list
THE AGU's are back
Add some MON and NAT FRO DSX Baltic Rates are ticking up a little China need the raw materials to sustain the growth al be it a lot lower than before.
Where did you get your watch list from ?
Regards
Hi Madmax,
ReplyDeleteI create my own watch list to keep a tab on various sectors of market...
This tells me where the strength ARE......
Saleem
SALEEM
ReplyDeleteNice close for a change
Some of my positions are coming back---hurray
Break out the wine
Looks like a real bottom is in --now do we get a V recovery or a long bottom curve
Comments
Hi Madmax,
ReplyDeleteOpen a bubbly on my behalf...
It was a "picture perfect V bottom"....as I wrote in my note last night....
RETEST of low with a slight lower LOWS on NASDAQ & S&P500 but DOW held its ground......
We SHOULD move UP very quickly from HERE $$$$
Saleem