Thursday, August 26, 2010

Another disappointing close......

Market opened higher & then went lower from 130 PM closing near lows......Market internals were extremely weak as listed below :

Down volume led by 3.36 to 1 in NYSE & 4.89 to 1 in Nasdaq

Declining stocks led by 1.81 to 1 in NYSE & 2.01 to 1 in Nasdaq

Market is in total control of HFT ......

There was too much fear about GDP number @ 830 AM & Fed speak @ 10AM.....so lot of selling into close.

VIX UP 2.57% @ 27.37

Following stocks were green @ close EGO,VMW,TSL,AGU,SOHU,EXPE,GG,
AUY,SLW,CIEN,FNSR,JASO,YGE.....

AH Futures are Mixed

AH Asian market Mixed

AH Oil Down

AH Gold UP

BLOG does NOT give buy or sell.

Saleem

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