Markets were rallying @ open then turned south on 10 yr rate jitters......Auction bid ratio was better than expected but rate had to be moved up to 3.99%.....10 yr rate closed @ 3.9360%..lower than auction.....which is a good thing.....
Oil is giving a clear signal that Asian economies are moving in the right direction......good for US & Europe recovery......
Media is in a frenzy that there is a horrendous issue with 10 yr & Thursday's 30 yr auction.....rates are already reflected the reality of coming recovery in US...so it is moving UP...which is a good sign....4.758% is the last bid..so if the auction is done @ 4.79% media will scream......
Market knows all these "concerns"...so why all the indices came back to less than .38% loss ????
All indices closed above 200 DMA AGAIN......
AH futures are all small green..not bad again ...considering media frenzy.....
VIX closed @ 28.46....UP only .67%......
Solar stocks are taking turns and going "skywards"...again sign of credit availability....
Strong stocks today were ESLR,STP,CSUN,SOL,STP,RIMM,POT,AGU,
FXI,ISRG,MA,X,NDN,ACH,FRO.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
have a great day
Market is looking week today,
Good Luck
Hi Madmax,
Markets are holding GREEN so far...
Your AAPL is green also $$$$
Saleem
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