Indices were looking vulnerable after hitting its upper range.
Germany gave an excuse for resistance to come in-play.
We closed near lows of the day on heavier volume than Friday ?
Internals of the market were as follows :
Down volume led by 9.40 to 1 in NYSE & 7.84 to 1 in Nasdaq
Declining stocks led by 4.29 to 1 in NYSE & 4.27 to 1 in Nasdaq
VIX closed UP 18.24% @ 33.39
Oil closed @ $86.38
Gold closed @ $1676.60
AH ER were as follows :
VMW Down 1.81%
IBM Down 3.99%
CROX Down 35.25%
SFSF UP 7.28%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteMy stab-in-the-dark with VMW looks ok this morning. It is a little trickier when you can't trade pre- and post-market, but it probably helps me keep a little more company-focused and not stock-focused...if that made sense :).
Stocktrader
Hi Stocktrader,
ReplyDeleteVMW ER was a good one.
Their guidance was realistic & fractionally off from consensus..not bad in this environment of govt spending slowdown.
VMW is higher this AM.....
Good luck with VMW !!!!
Saleem
Stocktrader
ReplyDeleteGood pick is VMW
one of the few mean and green
This may be another sell off day--phew
Did you see the action in GS??
GOOD luck...
LULU is getting creamed
Hey c,
ReplyDeleteI wouldn't be too quick to call this a potential selloff day--early morning down whooshs tend to give way to bargain hunting, so being in good stocks works as usual.
I am extremely fortunate to have BAC, KOG, and VMW all working today.
I think MS will tell a better story than GS even. If I didn't already have the financial exposure, I'd definitely be in MS.
Stocktrader