20:12
Unknown
TAPE had to deal with weak inflation & M earnings report.
S&P 500 @ 1685.39, low 1684.83
RSI @ 52.24
CMF @ 0.179
Internals were :
Down volume led by 1.58 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 2.11 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk lows were leading by 143 in NYSE & highs were leading by 91 in Nasdaq
VIX UP 5.93% @ 13.04
Oil @ $106.85
Gold @ $1333.40
AH ER :
NTAP Down 3.47%, CSCO Down 9.62%, NTES UP 5.86%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weak & internals were weaker. This IS normal in a strong bull market, TAPE may find support after initial negativity based on CSCO earnings. It may be smart to scoop up bargain @ open. Sector rotation has taken place, factor that in your exposure. Materials & Precious Metals is outperforming.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1685.39, low 1684.83
RSI @ 52.24
CMF @ 0.179
Internals were :
Down volume led by 1.58 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 2.11 to 1 in NYSE & 1.42 to 1 in Nasdaq
Net new 52 wk lows were leading by 143 in NYSE & highs were leading by 91 in Nasdaq
VIX UP 5.93% @ 13.04
Oil @ $106.85
Gold @ $1333.40
AH ER :
NTAP Down 3.47%, CSCO Down 9.62%, NTES UP 5.86%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weak & internals were weaker. This IS normal in a strong bull market, TAPE may find support after initial negativity based on CSCO earnings. It may be smart to scoop up bargain @ open. Sector rotation has taken place, factor that in your exposure. Materials & Precious Metals is outperforming.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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