Indices were in a freefall lately with negativity @ optimum today......
Most indices went below critical support only to "turn UP after testing"....
This market has no character...goes UP when nobody expects and goes down when nobody is expecting....
This selling which lasted almost 7 days...took the indices from recent HIGHS to below major support????
ONLY consolation IS that we did not test 52 week low..which were about 8% below.....
@ close we had more advancing stocks than declining in both NYSE & NASDAQ....
We also had 2 new 52week high on NYSE & 3 in NASDAQ....Not bad near bottom!!!
Solar stocks came to life after FSLR got a huge contract in UAE.....
LDK & STP got upgraded by Lazard.....
My Gold stock Double bull ETF came to life.....
TAN also did pretty good for me today...
Techs were strong....RIMM,PALM led the way !!!
Shippers were sleeping.... RED was the color???
C & BAC reports before Open.....bad news will be greeted with some clarity for future by their CEO..hopefully!!!!
BLOG does NOT give buy or sell.
Saleem
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