Indices closed down .98% to 1.11%.
S&P 500 low was 1336.61, closed @ 1338.35.
RSI @ 33.36......
Oil closed @ $94.78
Gold closed @ $1561.00
VIX closed @ 21.87 UP 9.95%
AH ER GRPN UP 17.94%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, we are deeply oversold, we are back @ January of 2011 level in S&P 500. We have retraced 17 months of any gains. @ low point today S&P 500 have given back 85.77 points or 6.03% in last 6 weeks. We were @ 1422.38 @ start of April. A strong technical bounce is long overdue.
BLOG does NOT give buy or sell.
Saleem
Saleem
ReplyDeleteHello
We have taken a shellacking -big time
Gold Silver up Copper down, DOW PM +$58,
BDI -$11, day rate Baltic Dry Index! Not to healthy, of day rates!
I like GS here and hoping that MS recovers
We all got lots of recovery to do
Yeks
VBTA
Hi C,
ReplyDeleteYES..recovery of $$$$$ is what we all want....how much today???
Saleem
Hey Saleem,
ReplyDeleteSold DOW ($31.79) for WWWW ($15.31929). I sold DOW because I already had chemical exposure through GGC and DOW has a much higher European concentration. I like WWWW due to the very nice quarter they reported with churn rates well below expectations (one of my main concerns while following the company) and their US-focused footprint. Of course I still like the overall theme of small businesses continuing to form now and needed the internet presence to succeed in today's world.
I am looking at GWAY and SWC as potential adds although I fear capital needs at SWC also for them to startup their South American operations.
Stocktrader
Hi Stocktrader,
ReplyDeleteGoing for better ideas near lows is highly strategic.
Good luck with WWWW.
Saleem