19:42
Unknown
Indices closed near low of the day.
S&P 500 @ 1800.90, low 1798.60, high 1810.02
RSI @ 62.65
CMF @ 0.198
Internals were :
Down volume led by 2.12 to 1 in NYSE & 1.46 to 1 in Nasdaq
Declining stocks led by 2.60 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 126 in Nasdaq
VIX UP 3.87% @ 14.23
Oil @ $93.82
Gold @ $1221.90
AH ER KKD Down 13.81%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, last forty five minutes of trading saw a downward push, weak close is not a good omen for Tuesday's TAPE action. I am expecting another weak close based on weak internals. Nasdaq had moved into overbought territory followed by S&P 500, that was the trigger for last hour weakness. We may see technical rebound on Wednesday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1800.90, low 1798.60, high 1810.02
RSI @ 62.65
CMF @ 0.198
Internals were :
Down volume led by 2.12 to 1 in NYSE & 1.46 to 1 in Nasdaq
Declining stocks led by 2.60 to 1 in NYSE & 2.49 to 1 in Nasdaq
Net new 52 wk highs were leading by 82 in NYSE & 126 in Nasdaq
VIX UP 3.87% @ 14.23
Oil @ $93.82
Gold @ $1221.90
AH ER KKD Down 13.81%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, last forty five minutes of trading saw a downward push, weak close is not a good omen for Tuesday's TAPE action. I am expecting another weak close based on weak internals. Nasdaq had moved into overbought territory followed by S&P 500, that was the trigger for last hour weakness. We may see technical rebound on Wednesday.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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