Thursday, 6 September 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2878.05, low 2867.29, high 2892.05

RSI @ 56.17

CMF @ 0.090

Internals were:

Down volume led by 1.66 to 1 in NYSE & 2.31 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.89 to 1 in Nasdaq

Net new 52 wk low were leading by 35 in NYSE & highs by 19 in Nasdaq

VIX UP 5.32% @ 14.65

Oil @ $67.77

Gold @ $1204.30

AH news.. OKTA UP 14.95%, MRVL 7.35%

                  PANW UP 6.12%..

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE has become extremely sloppy with leaders showing weakness, Chips stocks took a beating when MU spoke about weak pricing, chip equipment makers were the other big casualty. FB showing weakness based on earnings cut @ many brokerage. Friday @ 8.30 its all about Jobs 188, 000 is expectations, we may miss this number. On Friday's there is only a closing BLOG around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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