.png)
19:25
Unknown
Indices closed mixed.
S&P 500 @ 2000.12, high 2002.14, low 1996.20
RSI 66.18
CMF @ 0.125
Internals were :
UP volume led by 1.24 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 62 in Nasdaq
VIX UP 1.29% @ 11.78
Oil @ $93.88
Gold @ $1283.40
AH ER WDAY UP .78%, WSM Down 11.5%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is taking a rest after a huge run, ironically there is overconfidence & euphoria about stock market in US, which normally results in downward move. We have 1.5 wk of vacation left which may reduce buying activity. Volume is tapering due to vacation. Market may return to normalcy after in week of September 8th, but IF we are in downward move then it may accelerate in that week, so be careful in your expectation in near term.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2000.12, high 2002.14, low 1996.20
RSI 66.18
CMF @ 0.125
Internals were :
UP volume led by 1.24 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.31 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 146 in NYSE & 62 in Nasdaq
VIX UP 1.29% @ 11.78
Oil @ $93.88
Gold @ $1283.40
AH ER WDAY UP .78%, WSM Down 11.5%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE is taking a rest after a huge run, ironically there is overconfidence & euphoria about stock market in US, which normally results in downward move. We have 1.5 wk of vacation left which may reduce buying activity. Volume is tapering due to vacation. Market may return to normalcy after in week of September 8th, but IF we are in downward move then it may accelerate in that week, so be careful in your expectation in near term.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment