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| Tables & Charts for Friday, Sep 23rd, 2011 Posted: 23 Sep 2011 09:02 PM PDT |
| Bill Cara's Blog for Sep 23, 2011 Posted: 23 Sep 2011 04:00 AM PDT CTA Trading Desk Morning Report Seldom will you see blood in the Streets like yesterday at the close:
My point during the day was that emotions were driving prices south – even for a high quality company like Fedex (FDX), which ended up on the day down -8.2% at $66.58, but had dropped as low as $64.55. Despite the company reporting a marvelous quarter, with no significant concerns on the horizon, that price yesterday was the lowest going back over two years to August 2009.
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