19:51
Unknown
Indices closed near lows of the day ahead of Fed minutes to be released on Wednesday by 2 PM.
S&P 500 @ 1646.06, low 1645.84
RSI @ 35.29...rally level
CMF @ -0.028...crossed into negative after week of July 8th, 2013.
Internals were :
Down volume led by 5.68 to 1 in NYSE & 2.44 to 1 in Nasdaq
Declining stocks led by 4.32 to 1 in NYSE & 2.32 to 1 in Nasdaq
Net new 52 wk lows were leading by 444 in NYSE & 7 in Nasdaq
VIX UP 5.08% @ 15.10
Oil @ $107.10
Gold @ $1365.70
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Markets in Asia is tumbling fast, Indonesia, Thailand & India looks very weak. Indian Rupee hits an all time low against US$, 1 US$ gets 62.82 rupees. 10 yr Bond yield @ 2.88 which in my opinion reflects Fed's future action of Taper. RSI in S&P 500 is @ a level where we have rallied in a predictable manner. Stay involved & increase exposure on the long side, @ a minimum stay put.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1646.06, low 1645.84
RSI @ 35.29...rally level
CMF @ -0.028...crossed into negative after week of July 8th, 2013.
Internals were :
Down volume led by 5.68 to 1 in NYSE & 2.44 to 1 in Nasdaq
Declining stocks led by 4.32 to 1 in NYSE & 2.32 to 1 in Nasdaq
Net new 52 wk lows were leading by 444 in NYSE & 7 in Nasdaq
VIX UP 5.08% @ 15.10
Oil @ $107.10
Gold @ $1365.70
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, Markets in Asia is tumbling fast, Indonesia, Thailand & India looks very weak. Indian Rupee hits an all time low against US$, 1 US$ gets 62.82 rupees. 10 yr Bond yield @ 2.88 which in my opinion reflects Fed's future action of Taper. RSI in S&P 500 is @ a level where we have rallied in a predictable manner. Stay involved & increase exposure on the long side, @ a minimum stay put.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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