Auto woes spooked the market with many surprise...First CEO of GM was let go @ the request of White House then their submitted proposal was rejected as inadequate to turn things around.
Market closed well above lows of the day which is very encouraging......
VIX spiked UP 10.96% to 45.54
There is some good news that there were 2 new highs on NYSE & 6 on Nasdaq.....
AH Futures are green after factoring fair value......
Solar,Autos,Financials,Ag & Bulk Dry shipping stocks were weaker......
Technology held up well.....a good relative strength indicator....as Nasdaq was down the least in % terms.
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
The color is green and your Blog is so optimistic--Thanks
nOW DOES dvn NAD apple MAKE ME SOME CASH TODAY$$$$
Smile
Hi Madmax,
The purpose of my BLOG is to "cut through all the MISINFORMATION being played out in MB & Media"
Yes ...GREEN is GOOD !!!!
I am sure your portfolio will give you DOUGH today !!!!
Saleem
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