The market has broken its recent lows and is now down around 4+% on the day. Three down days in a row means the downside may be limited in the short term and I would look to cover into today's drop. FL has come down quite a bit in a very short period (2+ dollars since I recommended shorting). YHOO's down big ($2+ since rec.). Oil's dropped off as the global growth story has really come apart in the last week or two ($7 on USO since rec.). KBR's been more resilient but is still participating in the downward move (around breakeven).
By the way, interesting quote from Eric Bolling of thestreet.com confirming what I said in my last post, "Commodities are contracting, equities are falling and surefire "safe havens" aren't safe. Case in point -- gold has been on a losing streak in an environment that should be extremely friendly to the metal." This non-discriminatory dumping has killed investor confidence. Selling has led to more selling allowing days like today to occur. I'm sure an oversold rally will chop up every once in a while, but for now the trend in commodity and stock markets continues to be down.
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