Market was UP for many day's in a row, today was profit taking.
By the end of session, indices closed near mid point loss.....not bad for a jittery HFT dominated market.
HFT is super active with their supercomputers on down day's, distorting volume picture to scare unwary retail traders.
Technicians & bears continuously harp on low volume on UP day's & high volume on Down day's......as we all know that sometimes 70% of all volume is generated by HFT...
Meeting between Sarkozy & Merkel was extremely productive & long term solution driven.
Market manipulators alway's have expectations which is based on their short term gains, Both Merkel & Sarkozy said NO to any short term "non-fixes"
Now you can see why HFT pulled the market down as their pre-positioning did not pan out......HFT do not like losing their bets as it involved real $$$...
I have a strong feeling that we will go to the high end of the range now 1240+, I am expecting a green close on Wednesday.
Internals of the market were negative by 4 to 1
New 52 wk lows were in the lead 15 in NYSE & 43 in Nasdaq
VIX is ready to break DOWN..today it was barely UP 3.07% @ 32.85
AH ER were greeted as follows :
DELL Down 7.91%
BCSI Down 17.99%
ADI Down 2.20%
AH Futures Down
AH Asian Markets Down
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
2 comments:
GOOD MOrning to you Saleem
HOpe you are very well
plz keep us posted as to test results.
SLOW MONEY says LULU is toast! it is range bound blah blah
my tzoo is poor as is RVBD, FFIV
I should have sold my EVEP
taks a look at TOT, it seems like it want to rock they have a new oil discovery to brag about
thanks to all for posting comments, love em
Hi C,
I am waiting to see my Cardiologist & for Eco- cardiogram.
I never base any of my decision on Fast Panic Money.....LULU is UP $1.30 already MORE than any stock % wise..
Thanks for your ongoing concern for my health.
Saleem
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