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19:51
Unknown
Indices were under pressure from Fed officials in terms of Tapering timetable.
S&P 500 @ 1697.37, low 1693.29
RSI @ 6154
CMF @ 0.233
Internals were :
Down volume led by 3.46 to 1 in NYSE & 2.98 to 1 in Nasdaq
Declining stocks led by 2.97 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk lows were leading by 67 in NYSE & gains leading by 117 in Nasdaq
VIX UP 7.43% @ 12.72
Oil @ $105.30
Gold @ $1282.50
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, IBD has changed its market outlook to "market under pressure". I personally believe that these pullbacks are healthy & we have lost so far .96%. I am of the view that we are on the verge of turning UP as pessimism has taken hold & internals are negative. I will not be surprised IF we close near best level of the day on Wednesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1697.37, low 1693.29
RSI @ 6154
CMF @ 0.233
Internals were :
Down volume led by 3.46 to 1 in NYSE & 2.98 to 1 in Nasdaq
Declining stocks led by 2.97 to 1 in NYSE & 2.34 to 1 in Nasdaq
Net new 52 wk lows were leading by 67 in NYSE & gains leading by 117 in Nasdaq
VIX UP 7.43% @ 12.72
Oil @ $105.30
Gold @ $1282.50
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, IBD has changed its market outlook to "market under pressure". I personally believe that these pullbacks are healthy & we have lost so far .96%. I am of the view that we are on the verge of turning UP as pessimism has taken hold & internals are negative. I will not be surprised IF we close near best level of the day on Wednesday.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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