20:15
Unknown
Indices were down sharply.
S&P 500 @ 1965.99, high 1997.32
RSI @ 41.26
CMF @ 0.065
Internals were :
Down volume led by 10.41 to 1 in NYSE & 8.99 to 1 in Nasdaq
Declining stocks led by 4.83 to 1 in NYSE & 4.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 174 in NYSE & 131 in Nasdaq
VIX UP 17.86% @ 15.64
Oil @ $92.53
Gold @ $1221.90
AH ER MU UP 3.82% , NKE UP 7.34%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under severe selling pressure until close , S&P 500 closed @ the lowest point. We have broken key support like 50 DMA in Nasdaq & S&P 500, Dow is barely above 50 DMA, which reflects deeply oversold condition. After hour earnings were better than expected from MU & NKE which should give us a lift. This remains a very difficult TAPE and we may have another 2 week of uncertainty.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1965.99, high 1997.32
RSI @ 41.26
CMF @ 0.065
Internals were :
Down volume led by 10.41 to 1 in NYSE & 8.99 to 1 in Nasdaq
Declining stocks led by 4.83 to 1 in NYSE & 4.27 to 1 in Nasdaq
Net new 52 wk lows were leading by 174 in NYSE & 131 in Nasdaq
VIX UP 17.86% @ 15.64
Oil @ $92.53
Gold @ $1221.90
AH ER MU UP 3.82% , NKE UP 7.34%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under severe selling pressure until close , S&P 500 closed @ the lowest point. We have broken key support like 50 DMA in Nasdaq & S&P 500, Dow is barely above 50 DMA, which reflects deeply oversold condition. After hour earnings were better than expected from MU & NKE which should give us a lift. This remains a very difficult TAPE and we may have another 2 week of uncertainty.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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