18:43
Unknown
Indices were under selling pressure after open & closed near low of the day in heavier volume.
S&P 500 @ 1819.20, low 1815.52
RSI @ 50.13
CMF @ 0.201
Internals were :
Down volume led by 5.12 to 1 in NYSE & 3.45 to 1 in Nasdaq
Declining stocks led by 2.48 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 142 in Nasdaq
VIX UP 9.39% @ 13.28
Oil @ $91.80
Gold @ $1251.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under pressure as GS decided to downgrade US market to "underweight with a 10% drawdawn" all in next 90 days. Fed Lockhart joined GS in saying "continued taper is necessary". IBD also joined after close in changing market outlook to "uptrend under pressure". GS also saying that Gold is headed down to $1050 by end of the year. AEM which is a premier gold stock has closed tonight above 50 & 200 DMA, first gold stock to do that. I will not be surprised IF we close green on "turnaround Tuesday"
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1819.20, low 1815.52
RSI @ 50.13
CMF @ 0.201
Internals were :
Down volume led by 5.12 to 1 in NYSE & 3.45 to 1 in Nasdaq
Declining stocks led by 2.48 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & 142 in Nasdaq
VIX UP 9.39% @ 13.28
Oil @ $91.80
Gold @ $1251.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under pressure as GS decided to downgrade US market to "underweight with a 10% drawdawn" all in next 90 days. Fed Lockhart joined GS in saying "continued taper is necessary". IBD also joined after close in changing market outlook to "uptrend under pressure". GS also saying that Gold is headed down to $1050 by end of the year. AEM which is a premier gold stock has closed tonight above 50 & 200 DMA, first gold stock to do that. I will not be surprised IF we close green on "turnaround Tuesday"
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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