US stock market followed world markets to the downside, BUT we performed better than Asia & Europe.
Nasdaq was the weakest being down 1.58% & Dow was down 1.05%.
S&P 500 was down 3.42% @ its low today from its recent high.
Internals were very weak as listed :
Down volume led by 9 to 1 in NYSE & 5.87 to 1 in Nasdaq
Declining stocks led by 3.89 to 1 in NYSE & 4.24 to 1 in Nasdaq
New 52 wk lows were in the lead in Nasdaq by 84 to 29
All of the above internal numbers are showing sign of capitulation.....
RSI in S&P 500 is @ 41.28
It seems that market found its footing by close.
AH ER SOLR was a beat & guide UP, stock UP 13.51%
AH GS is downgrading Chinese GDP Growth for 2011 to 9.4%
from 10%...also raising CPI to 4.7% from 4.3%..this is
putting pressure in futures AH...
AH Futures Down
AH Asian markets Mixed
AH Oil, Gold,Silver UP
BLOG does NOT give buy or sell.
Saleem
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