Thursday 11 February 2016

Indices closed down .39% to 1.60%.......

Indices closed down.

S&P 500 @ 1829.08, low 1810.10, high 1847.00

RSI @ 33.76

CMF @ 0.090

Internals were :

Down volume led by 4.29 to 1 in NYSE & 2.57 to 1 in Nasdaq

Declining stocks led by 4.46 to 1 in NYSE & 2.30 to 1 in Nasdaq

Net new 52 wk lows were leading by 696 in NYSE & 485 in Nasdaq

VIX UP 7.04% @ 28.14

Oil @ $26.21

Gold @ $1247.80

AH ER....ZG Down 10.17%, CYBR Down 11.11%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE continued its slump with oil prices again. As we are deeply oversold Dow recovered from 400 slump to a half decent close of down 254. Nasdaq behaved much better by being down only 16 points. It is important to stay with your own conviction and show patience as stock prices can go north in a hurry. Only closing BLOG around 7 PM on Friday's.

BLOG does NOT give buy or sell.

Saleem

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