19:51
Unknown
Indices completed three day pullback.
S&P 500 @ 1690.91, low 1684.91
RSI @ 57.51
CMF @ 0.242
Internals were :
Down volume led by 2.35 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by 2.32 to 1 in NYSE & 1.97 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & highs were leading by 64 in Nasdaq
VIX UP by 2.04% @ 12.98
Oil @ $104.37
Gold @ $1285.30
AH ER :
Negative reaction GMCR Down 6.19% FIO Down 18.66%
Positive reaction PRU Up 1.55% TSLA UP 14.13% GRPN 20.99%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Indices corrected 1.45% in three days. TAPE has digested TAPER talk with minor pullback. TAPE is predicting US economy can stand on its own without "full support of Fed". Looks like we are all set for "new highs".
BLOG does NOT give buy or sell.
PS...Thursday Muslims are celebrating Eid which is equivalent to Christmas. There will be no BLOG on Thursday as i will be visiting friends & family in Toronto area. Friday's BLOG will be after close.
Saleem
S&P 500 @ 1690.91, low 1684.91
RSI @ 57.51
CMF @ 0.242
Internals were :
Down volume led by 2.35 to 1 in NYSE & 1.77 to 1 in Nasdaq
Declining stocks led by 2.32 to 1 in NYSE & 1.97 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & highs were leading by 64 in Nasdaq
VIX UP by 2.04% @ 12.98
Oil @ $104.37
Gold @ $1285.30
AH ER :
Negative reaction GMCR Down 6.19% FIO Down 18.66%
Positive reaction PRU Up 1.55% TSLA UP 14.13% GRPN 20.99%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, Indices corrected 1.45% in three days. TAPE has digested TAPER talk with minor pullback. TAPE is predicting US economy can stand on its own without "full support of Fed". Looks like we are all set for "new highs".
BLOG does NOT give buy or sell.
PS...Thursday Muslims are celebrating Eid which is equivalent to Christmas. There will be no BLOG on Thursday as i will be visiting friends & family in Toronto area. Friday's BLOG will be after close.
Saleem
Posted in: Mixed
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