Wednesday, 6 February 2019

Indices closed down .08% to .36%.....

Indices closed down.

S&P 500 @ 2731.61, low 2724.15, high 2738.08

RSI @ 66.07

CMF @ 0.416

Internals were :

Down volume led by 1.99 to 1 in NYSE & 1.07 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new 52 wk highs were leading by 68 in NYSE & 30 in Nasdaq

VIX Down 1.22% @ 15.38

Oil @ $54.01

Gold @ $1314.40

AH news...USAT Down 24.27%, FEYE Down 7.98%

                  CMG UP 10.42%, MTCH UP 12.28%

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down 

About market, TAPE rested from overbought condition and dipped slightly, this strength reflects inflow for February and good earnings. Gains may be limited very near term as we may need time to digest earnings. TWTR is on my radar for AH earnings, trend has been positive for this sector as FB & SNAP beat earnings expectations 

BLOG does NOT give buy or sell.

Saleem

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