19:37
Unknown
Indices closed near lows again.
S&P 500 @ 1775.50, low 1772.28
RSI @ 46.93
CMF @ -0.021
Internals were :
Down volume led by 1.40 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk lows were leading by 237 in NYSE & 4 in Nasdaq
VIX UP .78% @ 15.54
Oil @ $97.50
Gold @ $1224.90
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, S&P 500 made lower lows of 1772.28 vs 1779.09 seven trading days ago. Today internals were all in negative which means a deeply oversold condition. We should move UP from here as we have discounted tapering. i expect tapering to start in January 2014. Hopefully Fed will confirm all that next week. We may rally in anticipation of January tapering vs much feared December tapering. VIX gave me a signal today that we are ready to rally as per my afternoon BLOG.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1775.50, low 1772.28
RSI @ 46.93
CMF @ -0.021
Internals were :
Down volume led by 1.40 to 1 in NYSE & 1.27 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new 52 wk lows were leading by 237 in NYSE & 4 in Nasdaq
VIX UP .78% @ 15.54
Oil @ $97.50
Gold @ $1224.90
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, S&P 500 made lower lows of 1772.28 vs 1779.09 seven trading days ago. Today internals were all in negative which means a deeply oversold condition. We should move UP from here as we have discounted tapering. i expect tapering to start in January 2014. Hopefully Fed will confirm all that next week. We may rally in anticipation of January tapering vs much feared December tapering. VIX gave me a signal today that we are ready to rally as per my afternoon BLOG.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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