Indices closed down 1.08% to 1.55%.
Close was disappointing because, there was no real news, except hyper-focus on bond yield in Italy & US......Italian bond yield is less than 7%, but it is being viewed as if it never hit that high. High was close to 7.5% a month back?????
S&P 500 closed two points higher than low of the day.....
Internals of the markets were :
Down volume led by 3.67 to 1 in NYSE & 6.19 to 1 in Nasdaq
Declining stocks led by 2.62 to 1 in NYSE & 2.12 to 1 in Nasdaq
New 52 lows were in the lead again, 101 in NYSE & 135 in Nasdaq
Internals were not bad, considering media negativity.
Jimmy the Cramer is "afraid" of this market, suggesting selling when S&P was 4 points above lows of the day. He wants his followers to book loss near lows?
Oil closed down @ $94.95
Gold closed down @ $1586.90
AH LRCX buying NVLS
LRCX down 4.05%
NVLS UP 20.12%
AH Futures Mixed
AH Asian Markets Down
AH Oil UP
AH Gold down again, currently down $13.20 AH
Chinese Flash PMI for December came in @ 49, this survey is from HSBC. November was @ 47.7. The rate of decline is much less from Oct to Dec vs Oct to Nov........
BLOG does NOT give buy or sell.
Saleem
8 comments:
SALEEM
Good morning
Things are up!!
Futures are all up NICE!
SMILE be happy
Oh, How are you feeling --I trust OK
C
Hi C,
My health is fine, still taking treatment for HyperThyroidism.
YES..i see some green...
Saleem
Good Morning Saleem
This market doesn't want to die but it doesn't want to live either. We will have a late year rally, but question is will it enough to save our stock which are going down everyday?
On RIMM, when so many negative pop up before earning, it tend to price in all the bad news already, so I do expected it will go up. But technical on RIMM suck, it is in a big downtrend. Until it reverse, Rimm will only bounce and it will still hit low after low
C
Yesterday is a big reverse for AMZN. Stock should go up from here but I was wondering if this reverse is all about letting big guns off the hook before a big downtrend coming
Hi Up,
Market will work its way higher as US economy starting to fire on all cylinder...
IF analyst are so smart, they will not work for a living...they will retire in Hawaii & smell the roses.
Saleem
UP
The market is resilent
AMZN will be slow to go back up IMHO
It has no MOMO for now--I expect that it will be flat until the KIndel news makes or breaks them --they did extend freee shipping to increase sales--this is wait and see
I did buy lots of SCCO and PFE
My BIDU stinks
Best to you and all
Saleem,
Thanks for the market update. It has been very helpful.
Market is up. However, most of my stocks was in red since they have been dictated by HFT with the quadruple witching in play. Hope for the Green close.
Michael
Hi Michael,
Thanks for your feedback.
Hopefully, we will build slowly as too many HFT are short this market.
Saleem
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