Indices were all green @ close......
S&P 500 was the-strongest @ close.....followed by Dow....Nasdaq was relatively weaker @ close.
Nasdaq internals were also weak with declining stocks were in the lead by 14 to 11....
Volume was below average.....in all indices....
Canadian markets are closed on Wed July 1st as it is our Canada Day.....so volume MAY be lighter still on Tuesday....lighter on Wed..Thursday will be low low volume day.....
As the markets have gained substantially since we hit lows in March...most institutions are already invested....so the volume is really trailing off...so there MAY not be a "real buying surge by close on Tuesday"...although we MAY see continued strength going into close....
VIX closed @ the lowest level since LEH....closing @ 25.35 Down 2.24%.....
AH futures are mini RED....
AH Nikkei is UP 1.45% so far !!!!
Among strong stocks were IPI,POT,AGU,FUQI,GS,ISRG,ICE,HPQ,LEN,BAC.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Look red day for us even APPLE is red
Yuks
CNBC is claiming that we are headed way down! Gosh does the crap ever stop. We will talk our selves into a recession/depression.
SOL is taking a beeting to day.
FRO is a bargin here at $24.30 and pays a whopping dividend to boot my target is $26-$30 smackers.
Verizon could offer a quick pop back up too.
GE is has not settled down for me to sell covered calls aganist! But a quick buy here may offer a $1-$2
QUICK GAIN.
GS at $146 is a steel.
These are my quickie ideas
Hi Madmax,
CNBC mission statement IS to "inject FEAR to BOOST ratings"
Do NOT get sucked by CNBC "sky is falling daily mantra"
Markets go UP & markets go DOWN..that will never change....
Saleem
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