17:52
Unknown
Indices closed lower.
S&P 500 @ 2059.69, low 2048.38, high 2067.63
RSI @ 45.40
CMF @ -0.063
Internals were :
Down volume led by .86 to 1 in NYSE & 1.70 to 1 in Nasdaq
Declining stocks led by .87 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & 17 in Nasdaq
VIX Down 1.18% @ 15.11
Oil @ $50.09
Gold @ $1208.20
AH ER...MU Down 1.55%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE went into sell mode again but found its footing by close by erasing more than 50% of its losses. There were good economic data from China, Germany & UK and weak data from US. There is a feeling that intense selling may have abated by the time Nasdaq went below 50 DMA today, Nasdaq closed above 50 DMA which may indicate recovery for Dow & S&P 500 on Thursday. Internals improved also by closing mixed. Looks like a green close is @ hand for Thursday.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2059.69, low 2048.38, high 2067.63
RSI @ 45.40
CMF @ -0.063
Internals were :
Down volume led by .86 to 1 in NYSE & 1.70 to 1 in Nasdaq
Declining stocks led by .87 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 40 in NYSE & 17 in Nasdaq
VIX Down 1.18% @ 15.11
Oil @ $50.09
Gold @ $1208.20
AH ER...MU Down 1.55%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE went into sell mode again but found its footing by close by erasing more than 50% of its losses. There were good economic data from China, Germany & UK and weak data from US. There is a feeling that intense selling may have abated by the time Nasdaq went below 50 DMA today, Nasdaq closed above 50 DMA which may indicate recovery for Dow & S&P 500 on Thursday. Internals improved also by closing mixed. Looks like a green close is @ hand for Thursday.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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