18:13
Unknown
Indices closed lower but above lows of the day.
S&P 500 @ 1872.83, low 1868.14, high 1884.88
RSI @ 49.07
CMF @ 0.144
Internals were :
Down volume led by 4.93 to 1 in NYSE & 3.84 to 1 in Nasdaq
Declining stocks led by 2.41 to 1 in NYSE & 3.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 36 in NYSE & lows were leading by 41 in Nasdaq
VIX UP 4.35% @ 12.96, high 13.30
Oil @ $102.33
Gold @ $1294.60
AH ER : INTU Down 3.88%, CRM UP .93%, ADI UP 1%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE has not gone anywhere since Dec 13 in RUT & Nasdaq, six months is a long time to know what kind of market we got. We must deal with the market we have not what majority were used to or wishing for. It is a tight range market which is a "new norm"....We are transitioning from a fed induced liquidity driven market to a more "growth oriented" environment in US. I do not believe that consumer is MIA.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1872.83, low 1868.14, high 1884.88
RSI @ 49.07
CMF @ 0.144
Internals were :
Down volume led by 4.93 to 1 in NYSE & 3.84 to 1 in Nasdaq
Declining stocks led by 2.41 to 1 in NYSE & 3.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 36 in NYSE & lows were leading by 41 in Nasdaq
VIX UP 4.35% @ 12.96, high 13.30
Oil @ $102.33
Gold @ $1294.60
AH ER : INTU Down 3.88%, CRM UP .93%, ADI UP 1%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE has not gone anywhere since Dec 13 in RUT & Nasdaq, six months is a long time to know what kind of market we got. We must deal with the market we have not what majority were used to or wishing for. It is a tight range market which is a "new norm"....We are transitioning from a fed induced liquidity driven market to a more "growth oriented" environment in US. I do not believe that consumer is MIA.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment