Wednesday 20 August 2014

Indices closed mixed.....

Indices closed mixed after being down on Fed minutes.


S&P 500 @ 1986.51, high 1988.57, low 1977.68


RSI @ 62.99


CMF @ 0.050


Internals were :


UP volume led by 2.12 to 1 in NYSE & 1.17 to 1 in Nasdaq


Advancing stocks led by 1.06 to 1 in NYSE & .60 to 1 in Nasdaq


Net new 52 wk highs were leading by 122 in NYSE & 35 in Nasdaq


VIX Down 3.52% @ 11.78


Oil @ $96.07


Gold @ $1295.20


AH ER ...WUBA UP 1.21%, HPQ Down .91%


AH Futures UP


AH Asian Markets Mixed


AH Oil & Gold Down


About market, TAPE handled Fed hawkish comments well & closed mostly green, internals were mostly positive. HSBC Chinese Flash PMI came in @ 3 month low in August @ 50.3% vs expectations of 51.3%, this may put pressure on Stocks with Chinese market exposure, this slowdown was not expected, which is not a good thing. This may present some buying opportunities in some stocks which can be impacted in collateral damage.


BLOG does NOT give buy or sell.


Saleem

0 comments:

Post a Comment

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Online Project management