Markets are doing their usual retest of Nov LOWS...AGAIN????
Financials are being decimated AGAIN?????
XLF & UYG are @ new LOWS.....
Declining issues were leading by 5.8 to 1 on NASDAQ & 8.64 to 1 on NYSE....
New 52 week lows were 151 in NASDAQ & 129 in NYSE..
6 new 52 week HIGHS were in NASDAQ.....
Markets are in serious TECHNICAL trouble even after so much planning has been ARTICULATED by President Obama & his team????
AAPL reports AH Wed...
GOOG reports AH Thursday....
Their guidance WILL set the tone each day.....how much of WEAK guidance IS in the price ..hard to tell these days.....
AAPL made & closed @ new 52 week LOW.....
BLOG does NOT give buy or sell.
PS...Was late in post today..as I was trying to catch up with President Obama comings & goings today...on this HISTORIC day for US & entire WORLD ...expect great things from President Obama.....
Saleem
4 comments:
Here some APPLE news that may cheer you al up!
http://apple20.blogs.fortune.cnn.com/2009/01/21/apple-q1-2009-earnings-smackdown/?source=yahoo_quote
Good luck to us all! the shippers are on fire and oils are very well today, RRC, DVN, CHK,
JNJ is still being creamed--is that a short or buy for a rebound?
M
Hi Madmax,
Nice to see that your stocks are doing well.
When market rebounds other sectors will do better than JNJ....imho
Saleem
Hi Saleem,
ATL gas $1.77 rising. Traffic heavy.
Cold, no snow. Can the market hold above the November low? Let's hope!
Best Regards
Hi Standards,
Market does not have the feel that it wants to break nov LOWS.....
Oil seems to have bottomed out..so gas will trend UP.
Saleem
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