Market were sharply higher on optimistic economic data...but were dragged lower by weakness in financials......
All indices fought back to close in GREEN...internals were way stronger than less than 1% gain..advancing stocks had convincing lead over decliners...2 to 1 range.....
Market SEEMS to stay above key support levels...which IS encouraging.......
Strong stocks included BIDU,POT,ISRG,FSLR.....
TXN ER was taken as positive...
VMW guiding lower Q1 Sales in their ER AH...down slightly !!!
GNK suspends dividend & share buyback program...to conserve cash..stock down 11% AH ...
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
BDI moving up. 995 now. Lowest point in last 5 years 1769 in 2005. Lowest point of late 2008 crash 663. Highest point 10,000+. Slow but improving.
Best Regards
Hi Standards,
Thanks for updating BDI for all of us.
I am sure...Shipping stocks will reflect improvement as we go along...All of them have moved UP from LOWS...
Saleem
HEY hello all
Gas in DC is $1.75 I think we will go higher form her!
The tankers are still week even today they are off!
Financials are up some. Any bets on market close?
Cheers is is green we are in clover!
Hi Madmax,
GREEN is looking good !!!!
Saleem
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