All Indices closed above 50 DMA...NICE !!!!

Indices were under pressure again thanks to many economic data which was below expectations.

S&P 500 & Nasdaq went below 50 DMA, but fought its way back to close above.

Bottom or TOP CAN be spotted IF you have studied "euphoria & pessimism" closely.

There are many strong stocks on sale as many are still under 50 DMA..check their RSI for buying.

Yesterday all Fast Panic Money gurus were sure we are going way down.....guess what Adami has no clue about market & is keeping his record 0/2000 calls intact. Joe Terranova panics so fast it is amazing to understand his logic......Karen tends to keep her focus where it should be, which is to look for bargain.

Stocks which were UP 2% or more included SINA,BIDU,SOHU,GOOG,ARUN...

AH ER DELL was a beat, stock UP 6.23%

AH Futures UP

AH Asian Markets UP

AH Oil,Gold,Silver UP

BLOG does NOT give buy or sell.

Saleem