18:07
Unknown
Indices closed @ low of the day.
S&P 500 @ 2067.89, low 2067.04, high 2084.05
RSI @ 47.37
CMF @ -0.069
Internals were :
Down volume led by 2.14 to 1 in NYSE & 2.42 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 32 in Nasdaq
VIX UP 5.38% @ 15.29
Oil @ $47.60
Gold @ $1183.10
AH ER WEN UP 3.21%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE did a complete U turn and took Dow & S&P 500 back below 50 DMA. This erratic behavior is extremely alarming. Looks like we may take out previous lows of 3 days ago @ the minimum, this also means that Nasdaq may go below 50 DMA , next support may be near 200 DMA for all indices. April fools day may not be so funny in markets, its looking sharply lower.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2067.89, low 2067.04, high 2084.05
RSI @ 47.37
CMF @ -0.069
Internals were :
Down volume led by 2.14 to 1 in NYSE & 2.42 to 1 in Nasdaq
Declining stocks led by 1.44 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk highs were leading by 76 in NYSE & 32 in Nasdaq
VIX UP 5.38% @ 15.29
Oil @ $47.60
Gold @ $1183.10
AH ER WEN UP 3.21%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE did a complete U turn and took Dow & S&P 500 back below 50 DMA. This erratic behavior is extremely alarming. Looks like we may take out previous lows of 3 days ago @ the minimum, this also means that Nasdaq may go below 50 DMA , next support may be near 200 DMA for all indices. April fools day may not be so funny in markets, its looking sharply lower.....
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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