19:04
Unknown
Indices closed mixed.
S&P 500 @ 2001.54, low 1995.60, high 2007.17
RSI @ 61.85
CMF @ 0.290
Internals were :
Down volume led by 2.28 to 1 in NYSE & .71 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 92 in NYSE & 54 in Nasdaq
VIX UP 4.71% @ 12.66
Oil @ $92.66
Gold @ $1254.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE needed consolidation after being overbought, No new all time highs today, although Nasdaq acted well & closed green. I expect consolidation to continue, so we can catch breadth. RSI needs to come down more, pullbacks are healthy & gives TAPE a chance to regroup & move ahead. Keep an eye on your stocks to buy on any pullback.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2001.54, low 1995.60, high 2007.17
RSI @ 61.85
CMF @ 0.290
Internals were :
Down volume led by 2.28 to 1 in NYSE & .71 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 92 in NYSE & 54 in Nasdaq
VIX UP 4.71% @ 12.66
Oil @ $92.66
Gold @ $1254.30
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE needed consolidation after being overbought, No new all time highs today, although Nasdaq acted well & closed green. I expect consolidation to continue, so we can catch breadth. RSI needs to come down more, pullbacks are healthy & gives TAPE a chance to regroup & move ahead. Keep an eye on your stocks to buy on any pullback.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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