Tuesday, 9 October 2018

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2880.34, low 2874.27, high 2894.83

RSI @ 42.61

CMF @ -0.130

Internals were :

Down volume led by 1.37 to 1 in NYSE & 1.07 to 1 in Nasdaq

Declining stocks led by 1.13 to 1 in NYSE & 1.51 to 1 in Nasdaq

Net new 52 wk lows were leading by 259 in NYSE & 130 in Nasdaq

VIX Down 1.66% @ 15.95

Oil 2 $74.96

Gold @ $1191.50

AH news....NIO UP 9.88%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was UP then Down but closed Mixed. 10 year yield was lower @ 3.214%. Chinese economic weakness and lower growth for world economies created uncertainty in market. Internals were weak S&P 500 closed below 50 DMA. Nasdaq was the only index closing in green, which may be a good sign for bulls.

BLOG does NOT give buy or sell.

Saleem

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