Tuesday, 11 December 2018

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2636.78, low 2621.30, high 2674.35

RSI @ 39.90

CMF @ 0.046

Internals were :

Down volume led by 1.32 to 1 in NYSE & .97 to 1 in Nasdaq

Declining stocks led by 1.17 to 1 in NYSE & 1.21 to 1 in Nasdaq

Net new 52 wk lows were leading by 338 in NYSE & 264 in Nasdaq

VIX Down 3.89% @ 21.76

Oil @ $51.65

Gold @ $1247.20

AH news...EAF UP 4.28%, FEYE UP 4.51%

                 PLAY Down 14.76%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE continued its bearish run by jumping sharply higher @ open and then closing near low of the day. China indicated its willingness to reduce duty on US cars substantially which caused early jubilation in market. Technically, we are holding near support and may come UP IF enough buying develops.

BLOG does NOT give buy or sell.

Saleem


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