19:24
Unknown
Indices closed near low of the day.
S&P 500 @ 2000.72, low 1998.14, high 2009.28
RSI @ 64.46
CMF @ 0.272
Internals were :
Down volume led by .98 to 1 in NYSE & 1.53 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 159 in NYSE & 84 in Nasdaq
VIX UP .90% @ 12.36
Oil @ $95.54
Gold @ $1270.30
AH ER PVH UP 7.63%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE did a U turn after moving UP @ open. Ukraine news did not last long as ECB took center stage. This TAPE is very much news driven but tapers off quickly, which may be sign of fatigue @ these elevated level. Jobs report on Friday will be the focus again, so Thursday may not be as productive. Big caps were in trouble today but Solar did pretty good. Internals were not very healthy today which may be sign of upcoming weakness.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2000.72, low 1998.14, high 2009.28
RSI @ 64.46
CMF @ 0.272
Internals were :
Down volume led by .98 to 1 in NYSE & 1.53 to 1 in Nasdaq
Declining stocks led by 1.20 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk highs were leading by 159 in NYSE & 84 in Nasdaq
VIX UP .90% @ 12.36
Oil @ $95.54
Gold @ $1270.30
AH ER PVH UP 7.63%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE did a U turn after moving UP @ open. Ukraine news did not last long as ECB took center stage. This TAPE is very much news driven but tapers off quickly, which may be sign of fatigue @ these elevated level. Jobs report on Friday will be the focus again, so Thursday may not be as productive. Big caps were in trouble today but Solar did pretty good. Internals were not very healthy today which may be sign of upcoming weakness.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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