19:51
Unknown
Indices closed down closing near low of the day.
S&P 500 @ 1802.62, low 1801.75
RSI @ 59.25
CMF @ 0.104
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 55 in Nasdaq
VIX UP 3.11% @ 13.91
Oil @ $98.51
Gold @ $1261.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was weak & internals were weaker. The only positive was that Social Media, Internet, Gold & commodities stocks were strong. Looks like rotation is very much in play. Budget deal removes one major negative from traders mind. It is important to play what is working. Market verdict is more important than ones opinion.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1802.62, low 1801.75
RSI @ 59.25
CMF @ 0.104
Internals were :
Down volume led by 1.68 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.50 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 26 in NYSE & 55 in Nasdaq
VIX UP 3.11% @ 13.91
Oil @ $98.51
Gold @ $1261.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was weak & internals were weaker. The only positive was that Social Media, Internet, Gold & commodities stocks were strong. Looks like rotation is very much in play. Budget deal removes one major negative from traders mind. It is important to play what is working. Market verdict is more important than ones opinion.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment