Volume was low on pullback today......
VIX pulled back a touch on a down day???
52 week low & high getting interesting for a down day..here is the breakdown :
7 new highs 5 new lows in NYSE
12 new highs 12 new lows in Nasdaq
Among the green @ close were :
GNK,IPI,PALM,POT,LDK,BIDU,SINA,FMCN,
KGC,EGLE,LVS.
President Obama press conference @ 8 PM should help market sentiment for Wednesday...
Futures are mixed after factoring fair value..DOW & S&P green...Nasdaq RED....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
I' curious why RIMM has not moved higher like APPL. Any thoughts?
Best Regards
Hi Standards,
RIMM reports April 2nd AH....lot of analyst are downgrading ahead of ER to accummulate @ low manipulated prices....
I have been buying more RIMM on any dip..bought more this AM 2 cents above lows.....
Saleem
Hey Saleem,
Read this new uptick rule proposal.
www.cnbc.com/id/29859656
I don't see how it will do anything. Am I missing something?
Hi Standards,
Yes....this new proposal IS a joke which triggers into action after 10% decline.....only ???
Wall street is making big money from short selling...proof IS in the new proposal!!!
SEC is NOT capable of protecting investors...they work to PLEASE hedge funds....
Saleem
SALEEM
Do not lover look the refiners it is time for them to get action. I also like the deep water rig owners.
Congradulaitons on RIMM--again
GE is doing an amazing job of recovery, seems like some one in buying all cheep shares they can get. I never got my $9 shares ---boo hoo
Hi Madmax,
Just about whole market is "on sale"......
A sign of deep bear market.....
Oil is certainly perking along also $$$
Saleem
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