Markets were deeply oversold...thus a strong finish was a nice change......
S&P 500 & Nasdaq did NOT violate Nov intraday LOWS.....only Dow went lower three days in a row.......
Today advancing stocks led by 5.93 to 1 on NYSE & 2.81 to 1 on Nasdaq...
Still 300 new lows in NYSE & 276 new lows in NASDAQ....
President Obama will be "much more HOPEFUL & REASSURING" in tonight speech @ 9 PM..which will LIFT the spirit & confidence of Consumes & Investors.......which in turn will help market sentiment.
Nice % gain in most sectors except Gold......
VIX @ 45.49 down 13.55%.....
BLOG does NOT give buy or sell.
Saleem
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