Indices closed down again.
Indices closed near lows of the day again.
S&P 500 went to 1284.72 which breached recent lows of 1294.70....
RSI closed @ 33.77.....near recent lows of 30+
As everyone in CNBC is bearish from Fast Money to Mad Money...a turn is imminent.
"Turnaround Tuesday" MAY happen AGAIN.......
Internals were negative & new 52 wk lows are in the lead in both NYSE & Nasdaq......
AH Futures Mixed
AH Asian Markets Mixed
AH Oil, Gold & Silver Down
BLOG does NOT give buy or sell.
Saleem
2 comments:
S
My apple is crushed!
TZOO is red
looks like more pain to come?
'
Best to all
S
I thought that the is interesting:
Expedia (EXPE), Groupon (GRPN), Travelzoo (TZOO)
It is hard to know whether the Groupon (GRPN) IPO is going to be well-priced or overvalued, but that doesn't matter; Cramer would buy Groupon for a quick trade regardless, as long as investors are careful not to hold on to it for too long. For those who can't wait for Groupon, Cramer would buy Expedia (EXPE), which has a deal with Groupon for discount travel services. This deal is a great marketing opportunity for both companies, and the news is not baked into the stock. Travelzoo (TZOO) had a similar deal with Groupon for local discounts and saw its stock price rise 50% since the deal began when Travelzoo's CEO appeared on Mad Money.
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