Yesterday's winners are today's losers: Coal -2.7%, Mining -1.9%, Oil Service -1.9%, Steel -1.6%, Oil -1%, Commodity Index -1%, Gold/Silver -0.9%, semi -0.5%.
Yesterday's move is mostly due the Bernanke's effect. The question is still remain: will the FED overshot the rate hike which causes dramatic slow down to the US economy? The market is the best forecaster for the future of the US economy. Like I have mentioned before, wait for confirmation before jumping in.
On thing I do not like for the market is: more new lows than new highs.
Big Movers Today:
Down
(CAMD)
(NBIX)
(HTCH)
(AIT)
(VSE)
(KMG)
(OVTI)
(CMED)
Up
(FMCN)
(WGO)
No comments:
Post a Comment