17:54
Unknown
Indices closed near low of the day on selling from open to close.
S&P 500 @ 2020.58, low 2017.34, high 2054.44
RSI @ 41.45
CMF @ -0.158
Internals were :
Down volume led by 7.36 to 1 in NYSE & 4.74 to 1 in Nasdaq
Declining stocks led by 3.38 to 1 in NYSE & 2.40 to 1 in Nasdaq
Net new 52 wk low were leading by 4 in NYSE & high by 1 in Nasdaq
VIX UP 11.97% @ 19.92
Oil @ $50.04
Gold @ $1204.00
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was extremely weak in relentless selling. All major indices are below 50 DMA. Tonight IBD is changing its market outlook to "market in correction". There is too much momentum in oil decline and equities are all terrified of its downtrend. We may have a weak close again to confirm today's technical deterioration. Close is extremely critical now, any buying needs to wait how we are faring @ close, open has no meaning anymore.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2020.58, low 2017.34, high 2054.44
RSI @ 41.45
CMF @ -0.158
Internals were :
Down volume led by 7.36 to 1 in NYSE & 4.74 to 1 in Nasdaq
Declining stocks led by 3.38 to 1 in NYSE & 2.40 to 1 in Nasdaq
Net new 52 wk low were leading by 4 in NYSE & high by 1 in Nasdaq
VIX UP 11.97% @ 19.92
Oil @ $50.04
Gold @ $1204.00
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was extremely weak in relentless selling. All major indices are below 50 DMA. Tonight IBD is changing its market outlook to "market in correction". There is too much momentum in oil decline and equities are all terrified of its downtrend. We may have a weak close again to confirm today's technical deterioration. Close is extremely critical now, any buying needs to wait how we are faring @ close, open has no meaning anymore.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment