18:22
Unknown
Indices closed mid way in their trading range.
S&P 500 @ 2056.15, low 2045.50, high 2067.15
RSI @ 43.66
CMF @ -0.078
Internals were :
Down volume led by 1.92 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk lows were leading by 3 in NYSE & 28 in Nasdaq
VIX UP 2.33% @ 15.80
Oil @ $51.43
Gold @ $1204.80
AH News...YHOO UP 2.18%, RH Down 4.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE finally found support @ low of the day today, bargain hunters came in & scooped quality stocks. We should see a strong day on Friday by close. TAPE has worked off overbought conditions which is very healthy for near term action. Good idea to be fully invested @ this stage in strong stocks which were leaders before. Momentum should be on the buy side now.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2056.15, low 2045.50, high 2067.15
RSI @ 43.66
CMF @ -0.078
Internals were :
Down volume led by 1.92 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new 52 wk lows were leading by 3 in NYSE & 28 in Nasdaq
VIX UP 2.33% @ 15.80
Oil @ $51.43
Gold @ $1204.80
AH News...YHOO UP 2.18%, RH Down 4.55%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE finally found support @ low of the day today, bargain hunters came in & scooped quality stocks. We should see a strong day on Friday by close. TAPE has worked off overbought conditions which is very healthy for near term action. Good idea to be fully invested @ this stage in strong stocks which were leaders before. Momentum should be on the buy side now.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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