Greece got the whole world stock market in a tailspin, thanks to their decision to allow referendum, which guarantees a NO vote.
European markets were down 6% after the news.
I was extremely disappointed @ this "turn of event"......
US market reaction is much more subdued ?
IS HFT banking on good riddance of Greece verdict?
S&P 500 was down 5.98% from its high of 36 hrs ago ?
RSI is 51.89
Internals are negative by 6 to 1 to 15 to 1....
Oil Down $2.49
Gold Down $19.80
Canadian $ Down 1.67 cent @ 98.36...sharp drop due to Oil & commodity based economy....
VIX UP 18.39% @ 35.47...it was as high as 37.53
Portfolio is LVS,JCP,POT,RVBD,TLM..had a sell order for two @ open, saved by my higher price....
Most stocks are down
@ 1.52 following are green :
LVS,APKT,ULTA,AEM,SDS,SMN,QID,FAZ,
NDAQ....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
The markets staged a nice rebound. I think we may see it close at HOD. Thanks.
Michael
Hi Michael,
I was totally shocked @ greece decision.....
YES...we are looking more than good.
Sarkozy & Merkel is meeting Greek PM on Wed.....
Saleem
Saleem,
Here is the news headlines:
Wall St. Losses Pared After Report That Surprise Referendum Is 'Basically Dead'-
HFT knew something, however they used it for their advantages, only retailers are looser.
Michael
Hi Michael,
Hopefully we all will benefit with any positive view of Greek situation.....
Saleem
Saleem,
LVS is a super star today. It said to the world that it has nothing to do with GREEK. We need to find several super stars in our portfolio that have no connection to GREEK or Europe, then we will be okay.
Michael
Hi Michael,
YES we need more LVS in our portfolio.
JCP is a good long term hold with former VP of AAPL as its CEO....I am expecting good things from this CEO..he came up with AAPL store concept....
Saleem
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