18:07
Unknown
Indices closed mixed.
S&P 500 @ 2095.84, high 2098.62, low 2083.24
RSI @ 54.89
CMF @ 0.030
Internals were :
UP volume led by 2.04 to 1 in NYSE & .77 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 47 in Nasdaq
VIX Down 1.94% @ 13.67
Oil @ $53.29
Gold @ $1192.60
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
AH ER INTC UP 3.18%
About market, TAPE is looking extremely vulnerable, IF you monitor internals of this market, it is simply very weak. I have a strong feeling that we are on the verge of rolling over in a big way, it is important to "preserve capital" or capitalize on this weakness. I am looking to exit more of my exposure and may position for downside and sit back and watch how it goes. S&P 500 almost touched 50 DMA today, lower lows are never good "technically speaking"
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2095.84, high 2098.62, low 2083.24
RSI @ 54.89
CMF @ 0.030
Internals were :
UP volume led by 2.04 to 1 in NYSE & .77 to 1 in Nasdaq
Advancing stocks led by 1.69 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 47 in Nasdaq
VIX Down 1.94% @ 13.67
Oil @ $53.29
Gold @ $1192.60
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
AH ER INTC UP 3.18%
About market, TAPE is looking extremely vulnerable, IF you monitor internals of this market, it is simply very weak. I have a strong feeling that we are on the verge of rolling over in a big way, it is important to "preserve capital" or capitalize on this weakness. I am looking to exit more of my exposure and may position for downside and sit back and watch how it goes. S&P 500 almost touched 50 DMA today, lower lows are never good "technically speaking"
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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