19:37
Unknown
Indices closed near low of the day in reaction to Fed statement.
S&P 500 @ 1642.80, low today 1639.43
RSI @ 35.66
CMF @ 0.009
Internals were :
Down volume led by 4.37 to 1 in NYSE & 2.89 to 1 in Nasdaq
Declining stocks led by 2.62 to 1 in NYSE & 2.08 to 1 in Nasdaq
Net new 52 wk lows were leading by 115 in NYSE & highs were leading by 18 in Nasdaq
VIX UP 6.91% @ 15.94
Oil @ $103.85
Gold @ $1370.10
AH ER :
HPQ Down 7.80%, LTD Down 2.34%, HAIN UP 7.34%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Chinese Flash PMI in August came in @ four month high @ 50.10 from 47.7 in July. This should give a lift to Commodities & may cut negativity which has crept in. @ low today S&P 500 lost 70.24 points from high or 4.11% pullback. 10 yr bond yield keeps creeping UP, currently @ 2.913. 30 yr mortgage is @ 4.56%. Hopefully most of the froth is out of this market. Staying with conviction & with a theme should pay off in trading.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1642.80, low today 1639.43
RSI @ 35.66
CMF @ 0.009
Internals were :
Down volume led by 4.37 to 1 in NYSE & 2.89 to 1 in Nasdaq
Declining stocks led by 2.62 to 1 in NYSE & 2.08 to 1 in Nasdaq
Net new 52 wk lows were leading by 115 in NYSE & highs were leading by 18 in Nasdaq
VIX UP 6.91% @ 15.94
Oil @ $103.85
Gold @ $1370.10
AH ER :
HPQ Down 7.80%, LTD Down 2.34%, HAIN UP 7.34%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, Chinese Flash PMI in August came in @ four month high @ 50.10 from 47.7 in July. This should give a lift to Commodities & may cut negativity which has crept in. @ low today S&P 500 lost 70.24 points from high or 4.11% pullback. 10 yr bond yield keeps creeping UP, currently @ 2.913. 30 yr mortgage is @ 4.56%. Hopefully most of the froth is out of this market. Staying with conviction & with a theme should pay off in trading.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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