Friday, September 30, 2011

At 3:00 pm....

Stocks are still weak, as volume is really drying up.  I just went thru the charts of stocks that are making new lows, and it is ugly.  Basically, anything to do with China - hitting new lows...any of the shipping stocks - hitting new lows...any Agriculture related or steel related stocks - hitting new lows.  I'll try to post some of these charts over the weekend so you can see what they look like.

Right now:

Dow -128
Nas -37
S&P -15 to 1144

The last three days we have seen strong moves in the last hour of trading...let's see what happens today as we reach the end of a somewhat miserable and very volatile 3rd quarter.

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