NASDAQ was the weakest...since open....closed down around 2% on heavy profit taking....more NASDAQ stocks were in RED most of the day with decliners in the lead...a sign of many traders locking in gains......
AH ENER,SINA came with lousy guidance ...ENER down around $5 SINA around $1.50....
VIX @ 43.74...I will feel much more comfortable when it goes below 40 and stays there.....
AH Futures are slightly UP after factoring fair value.
Some of the green close were :
BAC,C,AGU,MON,IPI,GNK,FXI,IBN,ACH,X,XLE.
Congratulations to Brian Williams of NBC for listening to his audience & airing positive contribution story every night on NBC evening news.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteLooks like by the mini future chart that a sell program kicked off right about 1:30 pm that took the dow down.
GE wants to go higher. Hard to swim against the tide.
BDI 2122 vacillating
Best Regards
Hi Standards,
ReplyDeletePullbacks are healthy for markets & individual stocks.....
Markets always consolidates before next move UP.....
There is tremendous buying power on the sidelines planning their buy moves....
Saleem
Hi Saleem,
ReplyDeleteI agree, the market was not weak today and did not fold over. Futures are still positive tonight. We could get a nice lift as options expire on Friday.
Best Regards
Need to hold 742 or we go lower.
ReplyDeleteHURRAY
ReplyDeleteSo far holding 742
Market is see sawing as I predicated! Deer in head lights.
GE holding here at $9.65 good volume to many sellers IMHO.
IF it hits $9 I am jumping
My DSX is in the doldrums like all the tankers
Best to all
Hi Madmax,
ReplyDeleteDeer is too fast for any headlight..
GE @ under $9 is a good buy....
RSI needs to be checked....
BDI was Down 84 to 1974 today....BUT
GNK is coming back...AGAIN !!!!
Saleem
SALEEM
ReplyDeleteGNK is a MT winner in MHO
I just like my DSX and FRO. MON is ramping up nicely and I love it
at 11 DC time market is see sawing a lot Any bets on a green close ---for St Patricks Day?? smile
Hi Madmax,
ReplyDeleteNasdaq has a very good chance of closing GREEN......
Not sure about Dow......
Saleem