19:22
Unknown
Indices closed down as traders waited for fed statement.
S&P 500 @ 1781.00, low 1777.05
Internals were :
Down volume led by 1.43 to 1 in NYSE & .92 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 1 in NYSE & 49 in Nasdaq
VIX UP 1.12% @ 16.21
Oil @ $97.22
Gold @ $1230.10
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
About market, it is all about Fed statement @ 2 PM, i expect Fed statement to highlight consensus on the need to start taper in January or March as some are speculating, my bet is still January small taper then going up each month. Indices will jump around in anticipation plus actual release, after UP & DOWN moves until 3 PM we should close substantially higher. Taking advantage of any dip should pay off by end of the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1781.00, low 1777.05
Internals were :
Down volume led by 1.43 to 1 in NYSE & .92 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk highs were leading by 1 in NYSE & 49 in Nasdaq
VIX UP 1.12% @ 16.21
Oil @ $97.22
Gold @ $1230.10
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold UP
About market, it is all about Fed statement @ 2 PM, i expect Fed statement to highlight consensus on the need to start taper in January or March as some are speculating, my bet is still January small taper then going up each month. Indices will jump around in anticipation plus actual release, after UP & DOWN moves until 3 PM we should close substantially higher. Taking advantage of any dip should pay off by end of the day.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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