Selling is looking very tired & exhausted..so by close indices erased most of the losses..still a negative close.......again last hour of trading..... buyers were incharge..which is a good sign.....
Gold below $1200 & down sharply is a good indicator that fear trade is subsiding.....
Fast Money crowd "dire predictions" from previous night did NOT pan out..Adami, the frontman of doomsayers was confident of 950 in S&P 500...but today, instead of saying ..i was wrong..he is hopeful......hope nobody sold based on his ONGOING hysteria mongering.....
This has been a "tough market" for everybody as new issues keep affecting markets worldwide...
AH NTES ER was a miss by 10 cents on EPS...stock down AH $1.96....getting close to 52 wk low....
AH Futures are Down
AH Nikkei Down..even though Japanese GDP grew strongly..
Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
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