Negativity was @ PEAK @ open & continued till mid-day....anything could go wrong did go wrong.....Greece was in play....Jobs situation getting worse.....& everybody wanted to sell....
BUT...by close S&P 500 & Nasdaq closed @ high of the day..almost made it into GREEN.....
Volume came roaring in late trading...above average volume on this turnaround....
Solar stocks got a bid on analysts upgrades.....
Gold & commodities came roaring back from deep RED to high GREEN by close......
TODAY...TAPE was perfect for a "V" turnaround....
PALM had almost 100 million volume day....RSI @ close 20.21...NEVER seen that in any stock that I have owned.....still have my entire position in all stocks including PALM......
Most stocks went from DEEP RED to NICE GREEN.....
AH ER from TC was a BEAT & confirming guidance.....
AH futures are GREEN
AH Oil UP
AH Nikkei,Hang Seng UP
On humorous note.....Adami was euphoric @ half time when markets were tanking..does he really trade or talks bearish 99% of the time...because I cannot imagine him having any equity left by being WRONG on a consistent basis....
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteThat was a stunning comeback.
I would expect some shorts got burned pretty good.
Have a great weekend.
Best Regards
Hi Standards,
ReplyDeleteGuy Adami....still loves his bearish trades.....
Have a nice weekend.
Saleem
Have a great to all
ReplyDeleteCheers
Hi C,
ReplyDeleteIt is snowing..12 inches in 24 hours.....
AAPL doing well.....
Enjoy your weekend !!!!
Saleem