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;



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.


Anonymous Anonymous said...

why you always like to buy the dip?! Is a bear market, sell the rallies! If we dip again, we going to break 800!

1:44 PM  
Anonymous Anonymous said...

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...

3:18 PM  
Blogger DAVID said...

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....

8:44 PM  

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