Markets worldwide are in full retreat of about 4% based on "a brand new revelation that worldwide economy will grow slower"......Morgan Stanley must have worked very hard to come up with this "new prediction"......
Internals are extremely weak...91% to 97% is down volume.....another great buying opportunity in this retest of support.....
CMF is not as negative, only 0.098..much better than last selling....a positive indicator...
RSI in S&P 500 is 35.43..in strong buy zone
Remember buy low & sell high ?
Gold UP $23.60
Oil Down $5.52
Canadian $ Down 1.14 cent @ 100.84
VIX UP 33.25% @ 42.08
Portfolio is LULU & RVBD....nothing sold ..nothing bought...
Majority of stocks are down by 10 to 1
@ 2.17 following are green :
PHYS,GLD,AG,JASO,SINA....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
what a lousy close
do we go up on Friday
Fir is triple options day
does not look good
C
Hi C,
They played their option strategy today........
Friday should be more than OK....
Saleem
Post a Comment