Fear of European sovereign bonds & higher than expected jobless claims taking a "major hit in all indices"....
S&P 500 went below recent lows as we hit 1069.71 low so far...previous low was 1071.59...currently we are trading @ 1072.21......
RSI in S&P 500 is currently @ 37.17...higher than Friday's low......
Gold Down sharply $44.40 to 1067..still in support zone
Oil Down $3.87 to $73.11
Canadian $ down 1.31 cents to 93.19 US for 1 CAD......
Portfolio is APWR,AUY,IAG,PALM,SLW,SOLF,TC,TSL....
Most stocks are down......
BLOG does NOT give buy or sell.
Saleem
3 comments:
Saleem,
It is really a brutal attack today by MM. As I commented earlier about Networking industry. Cisco has been standing firm today. I still think we are heading higher from this level. Will you reshuffle your position or will stay as they are? Thanks.
Michael
Hi Michael,
I have sold SOLF & AUY today....I am keeping the rest unless we break down further....
Internals are telling me that today was a "real PANIC selling"
Saleem
Hi All,
Baltic Dry Index (BDI) +12 2685
BDI took a major beating the last few days.
Asian markets following S&P pattern.
More professional distribution.
Best Regards
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