2 to 1 decline ratios in major indices & less than 300 new lows is NOT indicating extreme weakness as evident when indices are hitting new lows????
This is a very confusing market to say the least.....
Dow is 86.34 points below its Nov 20Th close ???
S&P still 28 points away from low.....
Nasdaq 130 points from low.....
Dow break MAY signal series of new lows.....
It almost feels that their is a buyer strike....instead of selling pressure......
SOMETIMES indices break previous lows to start a turnaround.....BUT their is too much technical damage done to even analyze any STRENGTH/BUYING ......
Few GREEN closing stocks included :
MON,POT,AGU,IPI,FSLR,BIDU,GS,DSX.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Baltic Index at 2057 after a momentary pull back. Nice.
Best Regards
Hi Standards,
Thanks for the update on BDI...
China is growing @ decent pace & its stock market was UP last night???
Saleem
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