Markets are back in groove after India gave a "wake UP call to shorts"......rest as the say was the TAPE !!!!
VIX closed @ 30.24..Down 8.7% today.....
Internals were strong with advancing stocks in big lead.....UP volume was leading big time....new highs were again in the lead.....
So...what was wrong with today's rally????
It is low volume ...which is very unsettling......
There MAY be an explanation for low volume as Canadian markets were closed for a National holiday...is that the reason????
We will know the answer for low volume on Tuesday when Canadian Markets are back in action.....
Crude is further UP AH it is now trading @ $59.76.....
Futures are small RED......It could be another story in the morning !!!!
Oil related stocks are looking very good with crude touching $60.......
Many happy face in bull camp.....Shorts must be very squeamish tonight ????
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi All,
Remember to sell all your positions and short the market at the lows! As put by our favorite TV commentators!
Anyone following their advice has taken a bath from last week.
China no longer sees the USA as a IT technology leader. They are looking to us for agriculture technology for the future. Nice! MON, POT...
GS was my pick of the year. $175-$200 before 2010 IMHO.
GE always drops $1 around options expiration then reclaims it. Nice.
Best Regards
Hi Standards,
Yes..it is good to have a long term vision for all your stocks...based on fundamentals & future profitability.
Our favourite TV commentators are always right ...even when they are wrong most of the time....???
Yes...make your bet based on homework $$$$$
Saleem
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