S&P 500 had a range of 35.90 points from high to low.....???
Auto bailout uncertainty played a major role in PM slump.....
Decliners lead was 3 to 1 on NYSE & NASDAQ......
Auto bailout decision by congress will impact the markets on Friday......Market HATES UNCERTAINTY on any issue Auto or anything...the longer it drags out market will be impacted negatively.....
Market wants to build on its base ....but politics IS getting in the way????
I am comfortable with my Double ETF strategy..as it is broadly diversified...so hopefully some sector carries the day for me...like today when Oil & Short US$ was productive which gave me gain for the day......despite market SLUMP !!!!!
BLOG does NOT give buy or sell.
Saleem
4 comments:
Super Blog
Congratulations
How was your holiday--I hope it was great
I can not score in the market lately !!!
When that happens consistently it is time to walk away
As for your ETFS they are working in a crummy market ----GREAT going
Peace
Hi Madmax,
My holiday was well spent with friends and chatting to family.
Market are tough...that is why I am in ETF where risk is less than individual stocks....
Until markets are well on its way to normalcy...I will have ETF only.
Today's close should be interesting!!!
Saleem
Good morning Saleem,
Well after the opening, it looks like someone thinks stocks are a bargain! Things are looking very different now. After a year of selling on rallys, now it is buying on dips!!!!!
Am I wrong here????
Best Regards
Hi Standards,
Market pattern change with future economic trendline.....
Market is certainly looking ahead to better picture.....
Yes...buying on dips are happening by traders who are looking long term.....
Great bargains are there..if one has done their due diligence !!!!
Saleem
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