Monday, August 8, 2011

Indices in freefall, down 3.65% to 4.72%......

S&P downgrade of US debt is having NO effect, in our politicians will to resolve deficits.

Indices down almost 5%

S&P 500 low today so far is 1139.68...RSI is S&P 500 is an unbelievable 17.87 NOW

Gold UP $67.59 @ all time high of $1716.30

Oil Down $3.41 @ $83.47..8 months low

Canadian $ Down 89 tick @ 101.03

VIX UP 29.78% @ 41.25

Portfolio is AMZN,FFIV,LVS,LULU,RVBD

Internals are negative..down volume leading by 19 to 1 in Nasdaq

New 52 wk lows are 1191 in NYSE & 545 in Nasdaq

@ 2.06 following are green :

GG,AUY,ABX,AEM......

BLOG does NOT give buy or sell.

Saleem
at

4 comments:

  1. stocktrader_1996August 8, 2011 at 11:19 AM

    Unbelievable guys...

    2:35 is often when smoking short-covering rallies begin--here's hoping :)

    ReplyDelete
  2. Stocks100August 8, 2011 at 11:28 AM

    Hi Stocktrader,

    This is really an unbelievable slump....

    S&P 500 low so far 1119.28..rsi 16.56......

    Saleem

    ReplyDelete
  3. cAugust 8, 2011 at 11:55 AM

    Hey

    The bleeding has got to stop
    Unbelievable awful.

    We got to turn up
    Dunno when the DOW RSI is 19.
    Hoo Ya

    Call out the Army

    ReplyDelete
  4. Stocks100August 8, 2011 at 11:58 AM

    Hi C,

    YES....it will.....BUT we do not know WHEN ?

    Saleem

    ReplyDelete