Indices had a strong reversal to the tune of 1.57% on high volume.......indices were deeply oversold based on RSI....
VIX Down 13.83% @ 18.75
Internals of the market were strong......
Strong stocks which were UP 3% or more included WYNN,FFIV,LVS,
AMZN,SLW,POT,MA,TCK,CNQ,RVBD,JDSU,CIEN,ARUN,EBIX,NVTL,
GM......
AH CRM ER was a beat, stock UP 10.39%
AH DELL ER was a beat,stock UP 5.38%
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleemm
>Looks liek gold and silver
are a hurting
My Ford is crashing
is this a phony stock market for dummies like me !
Wow hard to figure it out
Options Friday does not help at all
Best regards to all
Hi C,
Market is fine..dont worry too much..it is a bull market....
F is down 10 cents....
Gold stocks are barely down.....
Casinos are green....not a bad picture...
Saleem
Saleem
thanks for the vote of confidence
Hi C,
In a bull market...it is important to ignore news driven tape....Ireland/China/Fed are all buzzword to tinker the market....
F is green $$$$$
Saleem
Saleem,
BIDU got pinned down this morning. I heard strike price is 110, so it may not go above that price today? CRM is extremely hot.
Your vote of confidence is helping us. Thanks.
Michael
Hi Michael,
Thanks for your feedback.
BIDU is facing OE pressure today..its strike is 105 & 110..they took it near 105 to get some short traders out....
NFLX is also on the move.
Saleem
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