Thursday, March 29, 2012

Lower lows in indices for three days.......

Indices are down 3 days in a row. Its lower lows all 3 day's.

Currently indices are down .36% to .84%.

S&P 500 low today is 1391.56, its down 27.59 points from absolute intraday high of 1419.15 or 1.94%. They say on Wall Street that after 3 days of selling, we get oversold, it MAY be true in this selling also.

RSI @ 55.79

CMF @ +0.216 HIGHER than yesterday, good sign for bulls.

Internals are negative by 3 to 1......

Oil Down $2.14

Gold Down $6.30

Canadian $  unchanged @ 100.13

VIX UP 8.34% @ 16.76

Portfolio is CNQ OTEX JCP, RIMM,RVBD

Most stocks are Down

@ 1.50 following are green :

RVBD,AMZN,VMW,CRM,APKT,KOG,SLW,FNSR....

BLOG does NOT give buy or sell.

Saleem

4 comments:

c said...

S

THe market has made a nice turn around

Hurray
C

Stocks100 said...

Hi C,

DONT believe everything i predict....

Saleem

stocktrader_1996 said...

Hey Saleem,

I sure missed some great entries on those stocks I mentioned earlier. Now that they've worked off the oversold condition so quickly, it becomes a much harder trade.

Stocktrader

Stocks100 said...

Hi Stocktrader,

I am sure, once you start nibbling, you will feel more confident....you MAY have missed $2 from lows..BUT there is more than $2 in every stock you mentioned....

Saleem