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19:13
Unknown
TAPE was under severe selling pressure on high volume & closed near low of the day.
S&P 500 @ 1741.89, low 1739.66
RSI @ 31.24
CMF @ 0.017
Internals were :
Down volume led by 18.58 to 1 in NYSE & 13.60 to 1 in Nasdaq
Declining stocks led by 5.68 to 1 in NYSE & 6.67 to 1 in Nasdaq
Net new 52 wk lows were leading by 91 in NYSE & 29 in Nasdaq
VIX UP 16.46% @ 21.44
Oil @ $96.43
Gold @ $1259.90
AH ER YUM UP 4.11%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, There was panic & fear on Wall Street which included Jimmy the Cramer, This is a contrary indicator that we are all set for an oversold bounce.There is a very good chance that we will close UP on Tuesday. S&P 500 have pulled back 111.18 points or 6.00% correction. This correction was healthy after a huge run in 2013.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1741.89, low 1739.66
RSI @ 31.24
CMF @ 0.017
Internals were :
Down volume led by 18.58 to 1 in NYSE & 13.60 to 1 in Nasdaq
Declining stocks led by 5.68 to 1 in NYSE & 6.67 to 1 in Nasdaq
Net new 52 wk lows were leading by 91 in NYSE & 29 in Nasdaq
VIX UP 16.46% @ 21.44
Oil @ $96.43
Gold @ $1259.90
AH ER YUM UP 4.11%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, There was panic & fear on Wall Street which included Jimmy the Cramer, This is a contrary indicator that we are all set for an oversold bounce.There is a very good chance that we will close UP on Tuesday. S&P 500 have pulled back 111.18 points or 6.00% correction. This correction was healthy after a huge run in 2013.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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