19:31
Unknown
Indices closed lower but above lows of the day.
S&P 500 @ 1930.11, low 1925.78, high 1943.35
RSI @ 58.90
CMF @ 0.479
Internals were :
Down volume led by 2.39 to 1 in NYSE & by 2.13 to 1 in Nasdaq
Declining stocks led by 1.41 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & by 49 in Nasdaq
VIX UP 8.28% @ 12.56
Oil @ $106.53
Gold @ $1274.00
AH news : FNSR Down 22.46%, INTC UP 5.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE reacted to panic selling due to Iraq situation. When TAPE trades on escalation of tension then it is not about fundamental @ all. We have to wait for Oil to come down to find footing in this TAPE. Once Iraq is out of news then TAPE will be back on bull run. We have seen majority of reaction already due to hike in Oil prices. Stay with your high conviction stocks.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1930.11, low 1925.78, high 1943.35
RSI @ 58.90
CMF @ 0.479
Internals were :
Down volume led by 2.39 to 1 in NYSE & by 2.13 to 1 in Nasdaq
Declining stocks led by 1.41 to 1 in NYSE & 1.85 to 1 in Nasdaq
Net new 52 wk highs were leading by 84 in NYSE & by 49 in Nasdaq
VIX UP 8.28% @ 12.56
Oil @ $106.53
Gold @ $1274.00
AH news : FNSR Down 22.46%, INTC UP 5.54%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE reacted to panic selling due to Iraq situation. When TAPE trades on escalation of tension then it is not about fundamental @ all. We have to wait for Oil to come down to find footing in this TAPE. Once Iraq is out of news then TAPE will be back on bull run. We have seen majority of reaction already due to hike in Oil prices. Stay with your high conviction stocks.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment