18:16
Unknown
Indices closed @ absolute lowest point of the day in all indices, how is that possible, it is all possible any day through Supercomputers used by "real money"......
S&P 500 @ 2044.16, low 2044.16, high 2076.14
RSI @ 38.87
CMF @ 0.325
Internals were :
Down volume led by 7.20 to 1 in NYSE & 5.31 to 1 in Nasdaq
Declining stocks led by 2.70 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 101 in NYSE & 46 in Nasdaq
VIX UP 10.82% @ 16.69
Oil @ $48.29
Gold @ $1160.10
AH ER ..SINA UP 2.21%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE is doing one mild UP and Nasty DOWN these days, RSI has reached oversold condition @ 38.87 but it may go towards 30 before its all done and over with. Volume was average and CMF is staying in high green which is positive for a snap back rally. Buying on down days still works with some conviction and patience. Pay attention to internals on any rally, that may tell us more than gurus on CNBC.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2044.16, low 2044.16, high 2076.14
RSI @ 38.87
CMF @ 0.325
Internals were :
Down volume led by 7.20 to 1 in NYSE & 5.31 to 1 in Nasdaq
Declining stocks led by 2.70 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 101 in NYSE & 46 in Nasdaq
VIX UP 10.82% @ 16.69
Oil @ $48.29
Gold @ $1160.10
AH ER ..SINA UP 2.21%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE is doing one mild UP and Nasty DOWN these days, RSI has reached oversold condition @ 38.87 but it may go towards 30 before its all done and over with. Volume was average and CMF is staying in high green which is positive for a snap back rally. Buying on down days still works with some conviction and patience. Pay attention to internals on any rally, that may tell us more than gurus on CNBC.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
0 comments:
Post a Comment