Indices were negative @ close today again......
Only saving grace today was....that we closed above lows of the day.....
Volume was lower in Dow & S&P 500 but was higher in Nasdaq......
We need to stay HIGHER than 1078.46 in S&P 500 to make higher low..so a support can be formed.....
RSI in S&P 500 is @ 36.39.... again an area where rallies have come from nowhere......
Extreme PESSIMISM is another CONTRARY indicator...which should bring stability....
AH AMZN ER was a beat & guide UP..... UP $3.17 AH plus was UP $3.28 in reg hr.....
PMCS was a beat also UP 6.70%
ASIA was a beat BUT guidance was lower than consensus Down AH 7.42% plus was down 3.50% in reg hr.....
AH Futures are RED
AH Nikkei & Hang Seng Down
AH Shanghai is UP
AH Gold & Oil UP
BLOG does NOT give buy or sell.
Saleem
7 comments:
ASIA is in the positive territory this morning. Looks like a positive technology sentiment in play.
YES..ASIA UP 5.75%......
Maybe it was beaten up enough going into ER....
Saleem
GEEZ
I thought that ASIA would go down on hte earnings news--it did not
Financials are up that is a good sign
We are way over sold
My APPLE is week may be the iPad is toast--but I like it a lot--hmmmm
Cheers to all
Hi C,
Yes ASIA is UP on high volume...
Market has every reason to go much HIGHER......
Saleem
I have a feeling that big players were will start selling ASIA at these levels and slowly this will inch lower as the day progresses.
Hi All,
Baltic Dry Index (BDI) -115 2848
Taking a beating this week.
Best Regards
ASIA has already done MORE than whole days volume in 1 hr..so big buyers are driving it UP...
Saleem
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