Thursday, June 24, 2010

Selling intensified today......

Selling was more pronounced today..volume picked up & internals were BAD......

All indices closed near low of the day.....

All Indices are well below 200 DMA...

RSI in S&P 500 is 41.20.....pretty close to 30++ area where technical buyers may step in.....

AH RIMM ER was a miss on Sales ..Stock recovered nicely after CEO announced two new "significant product in coming months"...an iphone type & an ipad type.....Down 4.16%

AH ORCL ER was a beat stock UP 4.01%

AH Futures UP

AH Asian market down

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem

No comments: