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19:59
Unknown
Indices closed near low of the day.
S&P 500 @ 1831.98, low 1827.74
RSI @ 60.88
CMF @ 0.094
Internals were :
Down volume led by 2.62 to 1 in NYSE & 1.75 to 1 in Nasdaq
Declining stocks led by 2.03 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 77 in Nasdaq
VIX UP 3.72% @ 14.23
Oil @ $95.44
Gold @ $1225.20
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was negative due to poor economic data from China & overbought conditions. Internals were weak. First 5 days of trading in January is very critical, we have 1 down day out of 5. It is important to see how we close on Friday, weak close may not be a good omen for Monday trading. Pullback @ this stage may not be a bad idea, it will give market another chance to build base & move forward.
PS....Next post by 8 PM on Friday which is my BLOG time every Friday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1831.98, low 1827.74
RSI @ 60.88
CMF @ 0.094
Internals were :
Down volume led by 2.62 to 1 in NYSE & 1.75 to 1 in Nasdaq
Declining stocks led by 2.03 to 1 in NYSE & 1.79 to 1 in Nasdaq
Net new 52 wk highs were leading by 49 in NYSE & 77 in Nasdaq
VIX UP 3.72% @ 14.23
Oil @ $95.44
Gold @ $1225.20
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was negative due to poor economic data from China & overbought conditions. Internals were weak. First 5 days of trading in January is very critical, we have 1 down day out of 5. It is important to see how we close on Friday, weak close may not be a good omen for Monday trading. Pullback @ this stage may not be a bad idea, it will give market another chance to build base & move forward.
PS....Next post by 8 PM on Friday which is my BLOG time every Friday.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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