Month end faced many economic data which were weak, recession in Spain again & US data being weaker than expected.
S&P 500 closed @ 1397.91
Internals were :
Down volume led by 1.87 to 1 in NYSE & 1.45 to 1 in Nasdaq
Declining stocks led by 1.55 to 1 in NYSE & 1.96 to 1 in Nasdaq
New 52 wk highs were leading, 79 in NYSE & 93 in Nasdaq
Oil closed @ $104.87
Gold closed @ $1664.20
VIX closed @ 17.15
AH ER :
HLF Down 1.83%
FIRE UP 7.37%
AH Futures UP
AH Asian Markets mostly closed for May Day ( Labor Day)
AH Oil Down
AH Gold UP
Chinese PMI for April came in @ 53.3% which is @ highest level in over a year, but it is lower than expectations of 53.6%...BUT higher than March of 53.1%...other data were mixed, some weak some better. Export was better than expected. As most European Markets are also closed for May Day, it will be up to US & Canadian market to give reaction to Chinese Data.
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
GOD, Copper and BDI down for today
PM is +13 at 7:30 AM and raining in MD/DC , 60%
Sold ETP and some SFL ( still own some looking for more upside) -- ETP was up a lot and they bought SUN , time to move on, IMHO
buying BME, and LINE.
MS, LVS are red in AM
SCCO is mean and green--go copper
Very good day to all!!
I gotta step out later today so I will miss you all for awhile...
Hi C,
Dont sing in rain.......
Good move in booking profit in ETP..your OWN research pays well.
Good luck for today$$$$$
Saleem
SALEEM
Must read the technology uses for iPads
http://www.10news.com/news/30978455/detail.html
iPhones sales are increasing like gang busters, Apple move today is short sellers covering ?? Dunno for sure, but sure is nice to see.!!! green for a change
Look out Apple rules.
Saleem your dogs are all barking again! Yahoo!
See you all later out I go
have a glorious day to all
Hi C,
Every dog has its day...it is true....
Saleem
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