Tuesday 3 September 2019

Indices closed down .69% to 1.11%.....

Indices closed down.

S&P 500 @ 2906.27, low 2891.85, high 2914.39

RSI @ 49.06

CMF @ 0.174

Internals were :

Down volume led by 2.03 to 1 in NYSE & 2.29 to 1 in Nasdaq

Declining stocks led by 1.61 to 1 in NYSE & 2.50 to 1 in Nasdaq

Net new 52 wk highs were leading by 109 in NYSE & lows by 67 in Nasdaq

VIX UP 3.58% @ 19.66

Oil @ $53.94

Gold @ $1555.90

AH news....COUP UP 11.15%, BOX UP 8.15%

                  CCO UP 5.49%, JAZZ Down 4.86%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE reacted negatively to trade dispute between US & China, weak manufacturing data in US & Brexit vote defeat in UK resulting in new election. TAPE is dictated by events of the day not by fundamentals. Hopefully we will work through all the issues sooner because it is getting late with same old same old.

BLOG does NOT give buy or sell.

Saleem

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