China is predicting slower GDP growth @ 7.5%, lowest growth since 2004. European economic picture is also weaker.
The above news sparked selling.
Internals are weaker, declining stocks are in the lead by max 1.74 to 1 in NYSE, & 1.39 to 1 in Nasdaq.
S&P 500 low today is 1359.13, this is 18.91 points correction from absolute high of 1378.04 or down 1.37%.....RSI is 59.99
Oil UP 4 cents
Gold Down $8.50
Canadian $ Down 50 tick @ 100.61
VIX UP 6.25% @ 18.37
Portfolio is AMZN,CNQ,LEN,MS,RIMM,RVBD
Most stocks are down
@ 2.00 following are green :
AMZN,TJX,BWLD,MA,M,SBUX,
NDAQ,BJRI.......
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
the close is looking better--hoping for some more green by the close
best to all
Hi C,
Dow is down a "whopping 27 points" on a very surprising 7.5% growth news by China....
Saleem
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