18:23
Unknown
Indices closed down on mixed economic data.
S&P 500 @ 2098.53, low 2087.62, high 2107.72
RSI @ 55.69
CMF @ 0.364
Internals were :
Down volume lead by 2.39 to 1 in NYSE & 1.20 to 1 in Nasdaq
Declining stocks led by 1.59 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 28 in Nasdaq
VIX UP 2.67% @ 14.23
Oil @ $51.53
Gold @ $1200.90
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continues its digestive phase. Internals further deteriorated @ close. Many leaders are correcting in this pullback which can be bought on further weakness. Security stocks are digesting its recent gains. YY & QIHU has been in freefall for a while and looks deeply oversold on RSI basis. Stay with your diversified portfolio as rotation is taking hold.
BLOG does NOT give buy or sell.
Saleem
S&P 500 @ 2098.53, low 2087.62, high 2107.72
RSI @ 55.69
CMF @ 0.364
Internals were :
Down volume lead by 2.39 to 1 in NYSE & 1.20 to 1 in Nasdaq
Declining stocks led by 1.59 to 1 in NYSE & 1.43 to 1 in Nasdaq
Net new 52 wk highs were leading by 62 in NYSE & 28 in Nasdaq
VIX UP 2.67% @ 14.23
Oil @ $51.53
Gold @ $1200.90
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE continues its digestive phase. Internals further deteriorated @ close. Many leaders are correcting in this pullback which can be bought on further weakness. Security stocks are digesting its recent gains. YY & QIHU has been in freefall for a while and looks deeply oversold on RSI basis. Stay with your diversified portfolio as rotation is taking hold.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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