Today was the first time that tape was "technically weak"...reversing an earlier solid gain into flattish close.....
Internals were weaker than closing number.......
Lot of reason were given for this downturn....BUT it was because of being overbought & FEAR of stretched market finally setting in......
Lot of potential good news is baked in......
Green stocks included VXX,QID,GOOG,SOL,SOLF,
LRCX,FNSR,SOHU,RCI,IBN,MA,V,AMZN,ASIA,
BAC,C,YHOO.....
VIX closed @ 18.40 + 4.84% ..VXX UP 1.09%
AH Futures are Down
AH Nikkei UP
AH Oil,Gold,Silver Down
AH ORCL reported Down 1.69% on AH volume of 1.12 million shares
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Looks like a GREEN day
Tankers are up
I missed LVS
PALM is up 6% is that dead meat?
My Q is holding up and LLY the drug is down
I got out of APPLE way early -it is up $4.50
best to all
Hi C,
YES..it is green..because there is still buying interest on any news..today Greece.....
There are many stocks whose TAPE is strong like RIMM.....
Saleem
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