Monday, March 5, 2012

Indices down .29% to 1.08% on slower growth in China & Europe.....

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:

c said...

SALEEM

the close is looking better--hoping for some more green by the close

best to all

Stocks100 said...

Hi C,

Dow is down a "whopping 27 points" on a very surprising 7.5% growth news by China....

Saleem