Tuesday, 4 August 2015

Indices closed down .19% to .27%.....

Indices closed lower.

S&P 500 @ 2093.32, low 2088.60, high 2102.51

RSI @ 48.25

CMF @ 0.023

Internals were :

Down volume led by 1.24 to 1 in NYSE & 1.07 to 1 in Nasdaq

Declining stocks led by 1.23 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new 52 wk lows were leading by 80 in NYSE & 39 in Nasdaq

VIX UP 3.50% @ 13.00

Oil @ $45.74

Gold @ $1090.70

AH ER....TRMB Down 13.35%, FSLR UP 7.82%
                Z UP 14.69%

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, S&P 500 closed below 50 DMA, Nasdaq remains above 50 & 200 DMA, which is comforting to see. TAPE is in a indecisive state as market leader AAPL keeps going below 200 DMA a 2 year technical low. Many stocks are defying AAPL related weakness and are in healthy pattern. Stay the course with stocks that are working.

BLOG does NOT give buy or sell.

Saleem


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