Monday, 17 September 2018

Indices closed down .35% to 1.43%......

Indices closed down.

S&P 500 @ 2888.80, low 2888.16, high 2904.65

RSI @ 56.34

CMF @ 0.114

Internals were :

Down volume led by .95 to 1 in NYSE & 3.11 to 1 in Nasdaq

Declining stocks led by 1.47 to 1 in NYSE & 2.12 to 1 in Nasdaq

Net new 52 wk lows were leading by 7 in NYSE & 18 in Nasdaq

VIX UP 13.34% @ 13.68

Oil @ $68.91

Gold @ $1205.80

AH news....AVP UP 13.94%, ORCL Down 4.64%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under trade phobia for 2 days in a row, tonight trade tariff against China is imposed @ 10% to go up 25% by end of the year, reaction is negative again for 3rd in a row, overdone in my books, weakness on Tuesday open to be bought and it could be a " turnaround Tuesday "...Internals were negative for the most part and VIX shot up.

BLOG does NOT give buy or sell.

Saleem

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