Headlines vs reality ?

IF you look @ headlines on Friday & this weekend, you will believe that something horrible has happened or going to get worse in stock market......

Facts for the week ending Friday IS :

Dow was UP .1%

S&P 500 was UP .3%

Nasdaq was Down 1.3%

SO...what is this "hyper-analysis of last week".......

As we all should know that "market goes UP & then goes Down"

SO it went down for the week in Nasdaq only......

We all know why Nasdaq was weak, mother of all stock AAPL is well below 50 DMA.....

Many earnings report not only was bad in technology, but they are "not optimistic about Q4"

When future in any sector do not look good....smart investors "sell,sell,sell"

Now..what happens in the week ending next Friday, should be the-focus.....

AMZN & AAPL are reporting in the week ahead.......how they report is going to encourage buying or more selling......

Monday is also last debate among politicians... both will say & promise anything to get vote...so what else is new ???

IF i have to guess...there may be more positive action than negative in the coming week.

Any selling needs to be analyzed to "spot positive TAPE in many sectors"

Techs may be IFFY but "homebuilders are NOT"

Some turnaround candidates in Techs are OK also.

SO...instead of being "totally consumed by headlines", it IS TIME to do your OWN analysis.

FEAR & GREED are CONTRARY indicator in Wall Street......currently FEAR is ruling based on Individual investors survey & Hedge Fund survey....both group is scared & tilting towards 2009 reading.....Individual investors are only 28% bullish & 44% bears...hedge funds are @ lowest confidence levels since 2009 lows......

All i can highlight is, that we are near "major support in S&P 500"........

Good luck with your OWN indicators which dictates your comfort level..

BLOG does NOT give buy or sell.

Saleem