Indices Down 1% to 1.23% on Japanese situation....

Japanese economy is centre stage with Earthquake,Tsunami & Nuclear crisis. Japan was already struggling with anaemic growth before all this.

There is a fear that Japan will slip into recession again.....

All Indices went below Friday's low which is a good thing "technically speaking" as selling intensified.As long as we close above previous low, we may have a chance of moving UP.

Here is the 50 DMA to keep an eye on :

S&P 500 1302.37

Dow 12004.99

Nasdaq 2746.37

IF we close above any of these numbers ...then we have discounted CURRENT news......

Gold UP $1.70

Oil Down 92 cents

Canadian $ Down 26 tick @ 102.55

VIX UP 11.45% @ 22.38

Portfolio is RIMM & RVBD

Most stocks are Down

Nuclear related stocks are taking a "huge hit" like CCJ,URA based on reaction to reactor 1,2 & 3 updates.Many governments are "delaying" nuclear focus to understand & amend their plans.

@1.36 following are green :

AAPL,PLCM,CMG,CREE,NVDA,TSL,JKS,SOL
HSOL,LDK,JDSU,FNSR,JASO,STP,CRUS,DRYS,
MU,ECA,SINA,LULU,NYX,VLO,SPWRA,FSLR.

BLOG does NOT give buy or sell.

Saleem