A Bounce?
Markets trading lower with the DJIA -120, NAZ -27 and SPX -12.5-
Strong sectors- oils, metals, utils and ags;
Weak sectors- airlines, homies, banks, brokers and gaming;
NYSE- 925 net losers;
NAZ- 850 net losers;
NDX- 15 GREEN;
OEX-25 GREEN;
DJIA- 8/30 GREEN;
OIL- 105+;
GOLD 949;
EURO 1.577;
Markets and especially the NAZ/NDX feel like they want to make a little move higher this afternoon- and I am long QLD (small) in anticipation. Why- GOOG RIMM AAPL BIDU all solidly green.
2 Comments:
Great observation..and right on!!
THANK YOU MUCH
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