18:07
Unknown
Indices closed down near low of the day.
S&P 500 @ 2053.44, low 2049.57, high 2065.78
RSI @ 61.69
CMF @ 0.355
Internals were :
Down volume led by 3.37 to 1 in NYSE & 5.10 to 1 in Nasdaq
Declining stocks led by 3.47 to 1 in NYSE & 3.70 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & 104 in Nasdaq
VIX UP 7.2% @ 14.29
Oil @ $69.00
Gold @ $1218.10
AH Futures UP
AH Asian markets UP
AH Oil & Gold Down
About market, TAPE was under selling pressure from open after Chinese & German data was below expectations. US ISM came in better than expected but lower than previous month. Market internals has taken a turn for the worse, which means it is important to watch, how we close on Tuesday. I expect more downward pressure this week which may come on Wednesday. Expect beaten down sectors like Gold to continue its march higher, because on Sunday India lifted all the conditions for Gold imports, they now have only 10% duty.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2053.44, low 2049.57, high 2065.78
RSI @ 61.69
CMF @ 0.355
Internals were :
Down volume led by 3.37 to 1 in NYSE & 5.10 to 1 in Nasdaq
Declining stocks led by 3.47 to 1 in NYSE & 3.70 to 1 in Nasdaq
Net new 52 wk lows were leading by 111 in NYSE & 104 in Nasdaq
VIX UP 7.2% @ 14.29
Oil @ $69.00
Gold @ $1218.10
AH Futures UP
AH Asian markets UP
AH Oil & Gold Down
About market, TAPE was under selling pressure from open after Chinese & German data was below expectations. US ISM came in better than expected but lower than previous month. Market internals has taken a turn for the worse, which means it is important to watch, how we close on Tuesday. I expect more downward pressure this week which may come on Wednesday. Expect beaten down sectors like Gold to continue its march higher, because on Sunday India lifted all the conditions for Gold imports, they now have only 10% duty.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment