MIDDAY CRASH
Yes - go right ahead and sell the news- everyone else is- Markets are lower - way lower with the NAZ -57 and the SPX -38 or about 5% and the day is little more than half over.
Strong - gold and bonds while banks, real estate and gaming are on the bottom of the list.
NYSE- 1980 net losers;
NAZ- 1400 net losers;
NDX- 4 GREEN;
OEX- 1 GREEN;
DJIA - 30 RED;
VIX- higher by about 9% at near 47.5;
TRIN- 3.62 with down volume almost 20x the up;
RSI (2) levels - over sold yet again:
SPX 18
NAZ 22
NDX 23
OEX 18
RUT 22
Looks like the worst is getting factored in yet again and my guess - if we dip again tomorrow - BUY IT- GOLD hangs in near $915- so getting ready with the buy button but not till the close or later in the week.
posted by DAVID at
1:24 PM
3 Comments:
why you always like to buy the dip?! Is a bear market, sell the rallies! If we dip again, we going to break 800!
Also notice VIX, althought is high above the 10SMA, but it broke out of the downtrend resistance line on the daily chart, unless this is a fake out, we are going higher and market is going to tank...
OK We will see - but this market has been finding support above 800- buyers always seem to chime in there- but don't let me keep you from shorting the lows....
Post a Comment
Subscribe to Post Comments [Atom]
<< Home