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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