Nasdaq briefly dipped below closing bear low but fought its way back to close well above bear low......Nasdaq intraday low was never touched......
Nasdaq index is giving lot of HOPE that this index can give support to the entire market.....only time will tell......
President Obama is TRYING to lift investors/traders spirit by telling them to buy stocks based on current PE ratio & to look long term.....will this "sage of CHANGE can CHANGE investors psychology to the bullish mode"...AGAIN only time will tell.....
Today's tape was not bad considering BB testimony & selling into close.....
Following stocks were among the green @ close :
PMCS,NVDA,RIMM,AAPL,AGU,POT,FSLR,ISRG,BIDU,
KGC,GG,DSX,GERN.
Futures after fair value are Down as follows:
Dow <59>
S&P 500 <8>
Nasdaq <9>
GOLD UP $3.50....
BLOG does NOT give buy or sell.
Saleem
3 comments:
HELLO
LOOKS like we got a bear market rally!
Hurray China is priming the pump---Great news.
Cheers
Hi Madmax,
Yes...Futures are GREEN !!!!
Good luck to all of us $$$
Saleem
STANDARDS
It might be a good time to revisit buying GE here?
It sure is cheep
S&P says sell I just know that when the pundits say sell
it time to buy?
what do ya think
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