gentlemen - START your engines! Economy strong - rate increases will pause! next two days likely higher! (but gotta see how opening gap resolves)
(ndx) I'm still not convinced... but I think SOX index is a strong buy - could have a gap up tomorrow! just another meaningless opinion! bot·tom n. The deepest or lowest part: the bottom of a well; the bottom of the page. The part closest to a reference point: was positioned at the bottom of the key for a rebound. The underside: scraped the bottom of the car on a rock. The supporting part; the base. The far end or part: at the bottom of the bed. v. bot·tomed, bot·tom·ing, bot·toms v. tr. To provide with an underside. To provide with a foundation. To get to the bottom of; fathom. v. intr. To be or become based or grounded. To rest on or touch the bottom. Phrasal Verb: bottom out To descend to the lowest point possible, after which only a rise may occur: Sales of personal computers have bottomed out.
The day before Memorial Day weekend is usually bullish historically. I wouldn't be surprised if we see some follow through rally tomorrow morning.
no idea why stocks (in particular the semis and net stocks) are being sold off like this! But we have hedge funds nowadays so things have changed!
it looks like more profit taking - my opinion is that the market is still trying to find a bottom. of particular interest to me is that crude looks to have a floor around 70, and that gold looks to be eyeing 700 again......