Thursday, June 21, 2012 3:15:33 PM
DJIA -222.09(-1.73%) (Below Avg vol)
S&P 500 -26.78 (-1.98%) Below Avg vol)
NASDAQ -62.64 (-2.14%) (Below Avg vol)
Russell 2000 -18.35 (-2.34%) (Below Avg vol)
The current price action, IMO, is because everybody (traders, brokerages houses, investors) are not happy with the current overall market environment, and not really willing to go to 'risk-on'. The European news continues to deteriorate, and the news here at home this morning, was not good at all. Now the TV talking heads, are talking 'grim reaper' calls, and fear is being pushed to the forefront. Of Course this could get to the capitulation, moment the markets need to clean the system out, but it does not seem that way at the moment.
As I stated the other day, I am not selling, but I am not agressively buying any individual stocks, either. I am currently watching VXX, SDS, and a host of other ADRs and ETFs, in basket form, to scratch a few bucks, while continuing to have confidence and patience with DROP action.
There has not been any negative news, whatsoever, regarding Fuse company. Therefore, it is best to let the overall markets ride things out, and be patient as Drops products become available and Enerjel, starts hitting the shelves in a few weeks.
GO FUSE!
GLTA
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