Monday, 3 October 2016

Indices closed down .21% to .33%......

Indices closed down.

S&P 500 @ 2161.20, low 2154.77, high 2164.41

RSI @ 50.33

CMF @ 0.047

Internals were :

Down volume led by 1.52 to 1 in NYSE & 1.03 to 1 in Nasdaq

Declining stocks led by 1.40 to 1 in NYSE & 1.40 to 1 in Nasdaq ( not a typo)

Net new 52 wk highs were leading by 58 in NYSE & 50 in Nasdaq

VIX UP 2.11% @ 13.57

Oil @ $48.81

Gold @ $1312.70

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE rested today to sift through weak & better economic data in US. Fed interest rate policy remains in focus as job report looms.Hopefully we build our momentum from turnaround Tuesday into Friday's another end all and be all, jobs report. Stay with high comfort stocks, Google announces its phone on Tuesday, to capitalize on apps and search business, Android operating system leads the cell phone world by a mile.

BLOG does NOT give buy or sell.

Saleem

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