Thursday, 7 February 2019

Indices closed down .87% to 1.18%.....

Indices closed down.

S&P 500 @ 2706.05, low 2687.26, high 2719.32

RSI @ 60.25

CMF @ 0.414

Internals were :

Down volume led by 2.69 to 1 in NYSE & 2.25 to 1 in Nasdaq

Declining stocks led by 2.20 to 1 in NYSE & 2.07 to 1 in Nasdaq

Net new 52 wk high were leading by 36 in NYSE & lows by 1 in Nasdaq

VIX UP 6.44% @ 16.37

Oil @ $52.24

Gold @ $1313.60

AH news...HAIN Down 8.67%, ANGI Down 6.05%

                  SKX UP 18.23%, MAT UP 17.80%

AH Futures Down

AH Asian markets Mixed

Oil & Gold Down

About market, TAPE was under selling pressure from open but closed above lows of the day in midpoint, culprit seems to be overbought conditions & China US trade seems to be wide apart from any solutions, thus market may remain under pressure for Friday's. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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