S&P 500 low today was 869.32.....closed @ 879.56.....
200 DMA is 883.11..which needs to be cleared on a closing basis.....
RSI is @ 38.53.....in deeply oversold territory....
VIX closed @ 31.30......should go below 30 in a hurry..so rally can continue in equities....
AH Futures are mixed with Dow & S&P 500 green while Nasdaq is mini red....
AH Oil is UP.....
Strong stocks included GOOG,AMZN,AAPL,NDN,WFR,ENER,FSLR....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
BDI -107 3100 selling off like market.
Best Regards
Hi Standards,
I bought GNK based on valuation..hopefully it will go UP after retracing all its up move.
Sometimes stocks are leading their commodity trade..like Gold led by miners..Oil stocks turned higher before turn in Oil....
Hopefully GNK,DSX,EGLE,DRYS will lead BDI higher.
Saleem
HE Saleem and Standards
Good Morning!
The BDI should start to look up
China is in a snit with RIO TINTO, over commodity prices for ores.
I am looking for a green days today
Cheers to all
Hi Madmax,
Your wish for green today is markets command....
When BDI based stock moves they really move....
Saleem
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