20:51
Unknown
Indices were under selling pressure whole day.
S&P 500 @ 1676.12, low 1674.70...50 DMA 1679.53
RSI @ 46.06
CMF @ 0.078
Internals were :
Down volume led by 3.68 to 1 in NYSE & 3.18 to 1 in Nasdaq
Declining stocks led by 3.71 to 1 in NYSE & 2.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & 50 in Nasdaq
VIX UP 15.95% @ 19.41
Oil @ $103.03
Gold @ $1325.10
In my portfolio :
Sold TRLA @ $45.41
Added 80% JKS @ $23.11
Portfolio AMCC FNSR JKS KOG YHOO YY
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE reacted to ongoing posturing in Washington. Dow & S&P 500 are below 50 DMA with Dow dipping lower than recent low. There is a chance that Democrat in Senate may table a resolution of Debt limit increase & House may have to go along, this will be a welcome change to current status quo with deadline of 17th approaching. Looks like we may close green on hope of resolution on famous "turnaround Tuesday".....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1676.12, low 1674.70...50 DMA 1679.53
RSI @ 46.06
CMF @ 0.078
Internals were :
Down volume led by 3.68 to 1 in NYSE & 3.18 to 1 in Nasdaq
Declining stocks led by 3.71 to 1 in NYSE & 2.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 8 in NYSE & 50 in Nasdaq
VIX UP 15.95% @ 19.41
Oil @ $103.03
Gold @ $1325.10
In my portfolio :
Sold TRLA @ $45.41
Added 80% JKS @ $23.11
Portfolio AMCC FNSR JKS KOG YHOO YY
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE reacted to ongoing posturing in Washington. Dow & S&P 500 are below 50 DMA with Dow dipping lower than recent low. There is a chance that Democrat in Senate may table a resolution of Debt limit increase & House may have to go along, this will be a welcome change to current status quo with deadline of 17th approaching. Looks like we may close green on hope of resolution on famous "turnaround Tuesday".....
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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