19:21
Unknown
Indices closed near low of the day.
S&P 500 @ 1888.53, low 1885.77, high 1897.13
RSI @ 56.23
CMF @ 0.215
Internals were :
Down volume led by 2.04 to 1 in NYSE & 3.44 to 1 in Nasdaq
Declining stocks led by 1.62 to 1 in NYSE & 2.90 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & new lows were leading by 45
VIX UP .33% @ 12.17
Oil @ $102.37
Gold @ $1305.90
AH ER : XONE Down 13.98%, CSCO UP 7.19%, VIPS UP 8.68%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under selling pressure due to run up in Dow & S&P 500. Nasdaq continued its weakness & high beta remained under selling pressure. Today's close in negative is quite healthy as many skeptics increased their short exposure & weak hand got taken out. I expect next 2 days to be healthy & positive for longs.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1888.53, low 1885.77, high 1897.13
RSI @ 56.23
CMF @ 0.215
Internals were :
Down volume led by 2.04 to 1 in NYSE & 3.44 to 1 in Nasdaq
Declining stocks led by 1.62 to 1 in NYSE & 2.90 to 1 in Nasdaq
Net new 52 wk highs were leading by 47 in NYSE & new lows were leading by 45
VIX UP .33% @ 12.17
Oil @ $102.37
Gold @ $1305.90
AH ER : XONE Down 13.98%, CSCO UP 7.19%, VIPS UP 8.68%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under selling pressure due to run up in Dow & S&P 500. Nasdaq continued its weakness & high beta remained under selling pressure. Today's close in negative is quite healthy as many skeptics increased their short exposure & weak hand got taken out. I expect next 2 days to be healthy & positive for longs.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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