Indices are defying very "confused" pundits who are "mumbling" for words to explain strength in market......Never seen so many people so wrong for so long???
Market internals were stronger than close.....
Market internals were as follows :
UP volume led by NYSE 2.97 to 1..Nasdaq 2.72 to 1
Advancing stocks led by NYSE 1.93 to 1..Nasdaq 1.26 to 1
57 new 52 wk highs in both NYSE & Nasdaq
It feels like as IF we are going to make new 09 highs in indices on Friday....
Strong stocks included POT,SOL,CCJ,IBN,GNK,EGO,RCI,BCE,TLM,
PALM,AAPL,SLW,MRVL,X,CIEN,BAC,BZH,FITB......
AH Futures are GREEN
AH NIKKEI is UP .55%
VIX closed Down 2.91% to 24.71.....staying near lows...means NO fear of market going down....
PS..... Friday is last day of the week when Art Cashin promised a horrible week...I am sure he IS trying very hard to come up with "new excuse" as to why he is wrong AGAIN since March....he MAY not show up for work....????
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Options expiration next Friday, expect some unusual behavior before then.
BDI 2756
Best Regards
Hi Standards,
OE next week & markets elevated=game playing.....
But staying in the game will pay off....
Was BDI UP or Down???
Saleem
Hi Saleem,
BDI was up +67, recooping after plunge????
Best Regards
Hi Standards,
Thanks for BDI clarification.
Saleem
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