Nasdaq joined other indices in making new 52 wk low today.......now that technical picture of all indices are in new bear territory...MAYBE we could climb from this deep hole.....
S&P 500 also hit a new low today...Dow is the only exception so far.....
Jobless claims was taken as positive as revision for previous months made it look better.....
GOLD UP $15
Oil UP 77 cents
@12.16 following are green in my watch list :
MRVL,GNK,NVDA,IAG,KGC,GG,ABX,AEM,
CMED,YHOO,CCJ,ISRG,FWLT.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteHey what a two week slide! Looks like it want to go lower. Buyers are no where to be found. GE looks like its stalled around $6.60. Anything can tank this market. so weak. I'm wonder when the big guns will let loose and scoop up the bargains. Business as usual in ATL, near 75F this weekend.
Best Regards
Hi Standards,
ReplyDeleteSelling has no punch today....
Dont be surprised @ last minute bargain hunting.....
It is business as usual in 91% of place....but media reports doom & gloom of 9% 24/7....
Financias will take long time to find its footing..GE is also like financial.
Enjoy 75F....we are happy to have 59F in Toronto area.
Saleem
Hi Saleem,
ReplyDeleteYou were right on the last minute bargain hunting. I watch Prophet.net charts of the mini futures, Nasdaq, Dow. Funny how they turn at the exact same time even though they are supposed to be different markets. How can this be?
Best Regards
Hi Standards,
ReplyDeleteI have watched these markets since 1968....it is strange how all indices move in the same direction on a dime.....
Anyway..it is nice to see this turn UP.....
Saleem
Hi Saleem,
ReplyDeleteCheck out TSM, making a move. Some kinda deal with Intel.
Best Regards
Hi Standards,
ReplyDeleteI will check TSM....I have 3 semi in my portfolio....MRVL,PMCS & NVDA & GNK....
Did lot of trading today ..out of gold completely.....
Saleem
Hi Saleem,
ReplyDeleteBDI moving up fast 2225 now.
Best Regards
Hi Standards,
ReplyDeleteThanks for BDI info.
Saleem