18:03
Unknown
TAPE was under freefall and closed @ lows of the day.
S&P 500 @ 1928.21, low 1927.56, high 1967.68
RSI @ 39.02
CMF @ -0.081
Internals were :
Down volume led by 10.51 to 1 in NYSE & 6.69 to 1 in Nasdaq
Declining stocks led by 7.44 to 1 in NYSE & 6.19 to 1 in Nasdaq
Net new 52 wk lows were leading by 197 in NYSE & 177 in Nasdaq
VIX UP 24.16% @ 18.76
Oil @ $85.77
Gold @ $1225.30
AH ER... JNPR Down 4.01%, MCHP Down 8.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE reversed completely after yesterday euphoria from Fed, we lost all gains & then some. This TAPE has become extremely tough which requires quality stocks in your portfolio, no more shooting darts. Please review your stock picks and buy quality which has future growth, currently everything is being dumped but quality needs to be bought. We need lot more conviction with our picks. We may find support on Friday and may reverse to the UP mode.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 1928.21, low 1927.56, high 1967.68
RSI @ 39.02
CMF @ -0.081
Internals were :
Down volume led by 10.51 to 1 in NYSE & 6.69 to 1 in Nasdaq
Declining stocks led by 7.44 to 1 in NYSE & 6.19 to 1 in Nasdaq
Net new 52 wk lows were leading by 197 in NYSE & 177 in Nasdaq
VIX UP 24.16% @ 18.76
Oil @ $85.77
Gold @ $1225.30
AH ER... JNPR Down 4.01%, MCHP Down 8.81%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE reversed completely after yesterday euphoria from Fed, we lost all gains & then some. This TAPE has become extremely tough which requires quality stocks in your portfolio, no more shooting darts. Please review your stock picks and buy quality which has future growth, currently everything is being dumped but quality needs to be bought. We need lot more conviction with our picks. We may find support on Friday and may reverse to the UP mode.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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