Markets staged a deeply oversold rally today....
Internals were strong for day 1 of rally.....both advancing stocks & UP volume led by convincing ratio....
New lows also declined by 50% from yesterday...
Give full credit to China for its well defined pro-active approach to stimulating their economy for this rally.....
Today's rally cut the deep gloom which is being perpetuated by in-your face TV interviews about what IS wrong with everything 24/7.....
Most sectors participated in this rally except GOLD stocks & pure Potash plays due to LOWER pricing...
It is ironic that perpetrators of doom CNBC...its parent GE became a $5 stock today..it must be KARMA @ works.....what you do to others will come back @ you also in a strange way????
More economic data @ 830 AM......
AH Futures after factoring fair value Down slightly..
AH GOLD UP $6.20
BLOG does NOT give buy or sell.
Saleem
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