Indices went through high volume drubbing thanks to mostly AAPL & China...
After close we were looking @ loss of 1.48% to 1.76%....Nasdaq being the weakest & Dow being down less in % terms...S&P 500 was in between...
S&P 500 went down to 1159.71 near strong support in 1160 area but closed @ 1165.90....
S&P 500 is all set to make a golden cross soon with 50 DMA @ 1117.52 & 200 DMA @ 1120.93..50 DMA should be above 200 DMA...
RSI in S&P 500 @ 58.51..which should attract buyers.....we have been @ RSI 70 for several trading days.....
Sharp down day on high volume is very healthy for this market as we were in "froth land" before...
Green stocks included GS,POT,MA,PMI,EBIX....
AH CREE ER was below & guidance also below Down $4.06
AH JNPR guidance also below Down 94 cents
AH Futures Mixed
AH Asian markets Down
AH Gold & Oil UP
BLOG does NOT give buy or sell.
Saleem
2 comments:
GOOD morning Vietnam
Have a great Wednesday to all
Here's to APPLE: another upgrade and they will keep on coming! see it here: HooRAH!
Bank of America Merrill Lynch (NYSE:BAC) reiterated a Buy rating for Apple Inc. (NASDAQ:AAPL) Tuesday, with a boosted price objective from $400 to $415.
Go Army!!! retired Master Sergeant Madmax
The very best to all
Hi C,
I am sure Robin Williams will be very proud of you as his radio call of "good morning Vietnam" woke up many Vets......
Yes..AAPL is more than OK.....$350 is attainable by end of this year.
GO Traders.....
Saleem
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