18:11
Unknown
S&P 500 @ 1912.53, high 1918.01, low 1872.23
RSI @ 45.37
CMF @ 0.046
Internals were :
UP volume led by 2.05 to 1 in NYSE & .97 to 1 in Nasdaq
Advancing stocks led by 1.74 to 1 in NYSE & .998 to 1 in Nasdaq
Net new 52 wk lows were leading by 147 in NYSE & 236 in Nasdaq
VIX Down 1.50% @ 21.65
Oil @ $32.38
Gold @ $1141.30
AH ER...GPRO Down 8.68%, TTWO UP 8.29%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE tested support and made higher low and double bottom in S&P 500. It was an unbelievable V shape turnaround which usually marks a major upturn.Oil made its biggest single day gain of 8%+. All indices are showing positive CMF. Today had the feel of capitulation. Stay engaged with this TAPE now and hopefully we all benefit with our exposure.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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