19:03
Unknown
Indices closed lower as Fed minutes failed to inspire positive close.
S&P 500 @ 2048.72, low 2040.37, high 2052.14
RSI @ 69.44
CMF @ 0.553
Internals were :
Down volume led by 1.49 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 1.62 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 14 in NYSE & lows by 26 in Nasdaq
VIX UP .72% @ 13.96
Oil @ $74.58
Gold @ $1193.90
AH ER... GMCR Down .75%, CRM Down 4.95%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under pressure and internals are mostly negative. Chinese HSBC Flash PMI came in @ 50.00 vs estimate of 50.3, Chinese data has been on the weak side for a while, how much that is discounted market can decipher. Due to monthly Option Expiry on Friday, i expect weakness to continue on Thursday when most of the positions are squared off. Overbought conditions remain and will keep any UP move under check.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2048.72, low 2040.37, high 2052.14
RSI @ 69.44
CMF @ 0.553
Internals were :
Down volume led by 1.49 to 1 in NYSE & 2.39 to 1 in Nasdaq
Declining stocks led by 1.62 to 1 in NYSE & 2.52 to 1 in Nasdaq
Net new 52 wk highs were leading by 14 in NYSE & lows by 26 in Nasdaq
VIX UP .72% @ 13.96
Oil @ $74.58
Gold @ $1193.90
AH ER... GMCR Down .75%, CRM Down 4.95%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under pressure and internals are mostly negative. Chinese HSBC Flash PMI came in @ 50.00 vs estimate of 50.3, Chinese data has been on the weak side for a while, how much that is discounted market can decipher. Due to monthly Option Expiry on Friday, i expect weakness to continue on Thursday when most of the positions are squared off. Overbought conditions remain and will keep any UP move under check.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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