Market gave a "BIG thumbs UP" to Fed aggressive slashing of interest rates & pledge to do whatever it takes to get the economy moving AGAIN.......
Markets were UP from anywhere from 4% to 6%+++...
Advancers led decliners by 5 TO 1.....
A nice solid rally overall......
S&P 500 is UP 23.2% from Low @ close today...
US$ took it on the CHIN big time to lowest level in months.....My US$ short is working like a CHARM now......
Gold,AG,Dryships,Techs,Financials were all STRONG....Nice to see all sectors participating in this BREAKOUT rally beyond 900 on S&P 500......GREAT confidence builder for investors/traders...
Another strong day on wed is in the cards.......
BLOG does NOT give buy or sell.
Saleem
5 comments:
SALEMM
Hurray
We are back in the game---smile
Lets hope the market believes
Cheers
Hi Madmax,
We have moved above 50DMA on key index...
Saleem
Hi Saleem,
BDI moving up quickly now. Stay tuned for further increases.
Best Regards
Hi Standards,
Thanks for the Baltic updates...it IS pointing to IMPENDING improvement in industrial activity worldwide.
Saleem
HELLO ALL
Not only BDI rates are up
Look at DRYS, DSX EGL EXM SSW-wow
NAT FRO VLCCF up some too!
Good things are coming to us.
I like the AG's here nice action! LVS is showing signs of life after a lousy earning outlook by Bloom-berg
Peace top all cheers
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