Wednesday, June 8, 2011

Indices closed down again......

Indices continued their negative close driven by weakness in economy.

Indices were down from .18% to .97%, Nasdaq being weakest.

Internals were weak by 2.5 to 1

S&P 500 low today was 1277.42 which brings this index down 5.04% from May high.

RSI closed @ 31.92..lower than previous low......

Many traders & investors are fixated on the direction of indices, a better focus should be on stocks which are looking attractive for accumulation.

VIX closed @ 18.79 which was UP 3.98%......based on relentless selling, this should have been UP much more.....this is telling me that HF are done selling....

AH TXN warned based on NOK, stock UP AH .83% ?

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

S

Look at
ETP
and FCX is showing an uptrend---Hurrah

POT is showing love

C

Stocks100 said...

Hi C,

Sold AMZN...

Saleem