18:04
Unknown
Indices were under selling pressure & closed lower.
S&P 500 @ 1870.85, low 1862.36, high 1888.16
RSI @ 48.60
CMF @ 0.141
Internals were :
Down volume led by 4.03 to 1 in NYSE & 2.51 to 1 in Nasdaq
Declining stocks led by 2.30 to 1 in NYSE & 2.06 to 1 in Nasdaq
Net new 52 wk lows were leading by 12 in NYSE & by 95 in Nasdaq
VIX UP 8.22% @ 13.17
Oil @ $101.50
Gold @ $1293.60
AH ER : AMAT UP 1.71%, JCP UP 18.88%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE had to deal with many negatives & only one positive. WMT, Russell, 10 year yield, weak economic data & last but not the least David Tepper comment, but unemployment claims were lowest in many years. I believe David was more of a noise than anything else, these Billionaire Hedge funds are not known for market timing & are not followed broadly, in Q1 he was buying PCLN, GOOG..we all know how they are faring. David is 60% exposed to equities as of last night & advising "not being overweight equities". His equity exposure end of Q1 was over $9 Billion. I believe that we saw capitulation & may have formed a strong support today due to high volume buying near low of the day.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1870.85, low 1862.36, high 1888.16
RSI @ 48.60
CMF @ 0.141
Internals were :
Down volume led by 4.03 to 1 in NYSE & 2.51 to 1 in Nasdaq
Declining stocks led by 2.30 to 1 in NYSE & 2.06 to 1 in Nasdaq
Net new 52 wk lows were leading by 12 in NYSE & by 95 in Nasdaq
VIX UP 8.22% @ 13.17
Oil @ $101.50
Gold @ $1293.60
AH ER : AMAT UP 1.71%, JCP UP 18.88%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE had to deal with many negatives & only one positive. WMT, Russell, 10 year yield, weak economic data & last but not the least David Tepper comment, but unemployment claims were lowest in many years. I believe David was more of a noise than anything else, these Billionaire Hedge funds are not known for market timing & are not followed broadly, in Q1 he was buying PCLN, GOOG..we all know how they are faring. David is 60% exposed to equities as of last night & advising "not being overweight equities". His equity exposure end of Q1 was over $9 Billion. I believe that we saw capitulation & may have formed a strong support today due to high volume buying near low of the day.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment