Monday, August 11, 2014
MONDAY OPEN ... Market up 47/36/10. Naz back over 50-day lines. Volume light. WTI over $98, Brent over $105. Russia GDP growth down to .8%. Ukraine rejected cease-fire offer, demanded surrender, halted Russian convoy. Russia nuke bombers flying closer to US, Canada. US supplying Kurds with ammunition, continuing air strikes, humanitarian missions. Kurds took back 2 towns. UK ruled out Iraq air strikes, stepped up humanitarian aid. Opposition to Maliki strengthening, ISIS/ISIL/IS closer to Baghdad. Kerry pulled US support of Maliki. Erdogan won Turkey election. China loosened monetary conditions ... (stock #s in %) LSCG, ECAU up 10. KNDI up 8 after reporting. TSLA up 5 after upgrade. SCTY up 5. GPRE up 3, new high. FSLR, PEIX up 3 .... MDDD down 38. WWPW down 22. AMTX down 18. PWDY down 17. VSPC down 16. USEI down 13. GWBU down 12. DPSM down 10. ASTI down 3, new low.
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