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18:54
Unknown
Indices closed down again.
S&P 500 @ 1972.29, low 1968.96, high 1985.17
RSI @ 44.45
CMF @ 0.019
Internals were :
Down volume led by 2.42 to 1 in NYSE & 1.85 to 1 in Nasdaq
Declining stocks led by 1.71 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 149 in NYSE & 88 in Nasdaq
VIX UP 2.07% @ 16.31
Oil @ $91.16
Gold @ $1211.60
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was negative again & internals were negative across the board, Hong Kong and weaker US stats is causing concern about the strength of this economy & economy worldwide. Chinese PMI data for September came in @ 51.1% same as August. Chinese economy along with Europe is becoming a concern. BUT TAPE is getting "extremely oversold" and may snapback sharply.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1972.29, low 1968.96, high 1985.17
RSI @ 44.45
CMF @ 0.019
Internals were :
Down volume led by 2.42 to 1 in NYSE & 1.85 to 1 in Nasdaq
Declining stocks led by 1.71 to 1 in NYSE & 2.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 149 in NYSE & 88 in Nasdaq
VIX UP 2.07% @ 16.31
Oil @ $91.16
Gold @ $1211.60
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was negative again & internals were negative across the board, Hong Kong and weaker US stats is causing concern about the strength of this economy & economy worldwide. Chinese PMI data for September came in @ 51.1% same as August. Chinese economy along with Europe is becoming a concern. BUT TAPE is getting "extremely oversold" and may snapback sharply.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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