19:57
Unknown
Indices were in high volume selling mode.....
S&P 500 @ 1655.45, low 1655.03
RSI @ 39.19
CMF @ -0.032
Internals were :
Down volume led by 8.38 to 1 in NYSE & 12.42 to 1 in Nasdaq
Declining stocks led by 4.25 to 1 in NYSE & 3.99 to 1 in Nasdaq
Net new 52 wk lows were leading by 15 in NYSE & highs by 7 in Nasdaq
VIX UP 4.79% @ 20.34
Oil @ $103.49
Gold @ $1324.60
AH ER YUM Down 7.02%.....AA UP 3.02%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, IBD tonight has lowered its market outlook to "market in correction". Indices closed near lows of the day. So far S&P 500 has lost 74.87 points or down 4.33% in fourteen trading days. Politicians are still dug in with same rhetoric of "unconditional surrender" by other party. As indices are deeply oversold, we may get a weak bounce on Wednesday while politicians scramble for "face saving tactics".
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1655.45, low 1655.03
RSI @ 39.19
CMF @ -0.032
Internals were :
Down volume led by 8.38 to 1 in NYSE & 12.42 to 1 in Nasdaq
Declining stocks led by 4.25 to 1 in NYSE & 3.99 to 1 in Nasdaq
Net new 52 wk lows were leading by 15 in NYSE & highs by 7 in Nasdaq
VIX UP 4.79% @ 20.34
Oil @ $103.49
Gold @ $1324.60
AH ER YUM Down 7.02%.....AA UP 3.02%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, IBD tonight has lowered its market outlook to "market in correction". Indices closed near lows of the day. So far S&P 500 has lost 74.87 points or down 4.33% in fourteen trading days. Politicians are still dug in with same rhetoric of "unconditional surrender" by other party. As indices are deeply oversold, we may get a weak bounce on Wednesday while politicians scramble for "face saving tactics".
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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