Markets were quite "vulnerable" to a major downdraft...but that never happened.....
That shows that the "market trend remains healthy"
S&P 500 dipped below 200 DMA but came UP quickly & closed @ 910.71..200 DMA is 906.05...We have always closed above 200 DMA ever since we crossed it @ the start of June....so why Guy Adami keeps repeating that S&P 500 have failed twice @ 200 DMA..may be he does not know what 200 DMA is for S&P 500????
Fast Money has "eliminated Jeff Macke"......
Melissa Lee is doing good job of information flow both in Halftime report & Fast Money...now only if she can stop Adami from pushing INTC every day & get him training for 200 DMA????
About market...there is a need to figure out.... what MAY work in next few months...based on my thesis.... small caps, Techs,Oil ,Solar will be the-group......
AH futures are Green in Dow & S&P 500 small red in Nasdaq...
AH...OIL,GOLD are UP..which bodes well for markets on Thursday......
Among green stocks were PMCS,AMZN,BIDU,FXI,NVDA,LRCX,CTRN,GRMN,HPQ,SNDK,VAR...
BLOG does NOT give buy or sell.
Saleem
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