Lowest volume is the story today......
When volume is lowest in a long long time..it is hard to evaluate TAPE.....
S&P 500 closed @ 1074.57..yesterday's low was 1067.89.....which could be support or else we go towards 1040 area.....
RSI in S&P 500 is @ 41.69...which is still healthy...
Internals of the market was more negative than closing numbers.....
There is end of the month buying which MAY happen Tuesday & Wednesday.......
Stocks which were UP 2% or more included CRUS,RVBD,ASIA,GNK,OVTI...
AH MU ER was taken as negative although it was a Beat in EPS..Down 5.99% on AH volume of 7.32 million shares....
POT filed shelf offering of upto $2 billion in future Debt Securities with SEC.....
AH Futures Mixed
AH Nikkei,Shanghai & Singapore UP
AH Oil & Gold UP
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteWhat is good strategy at this time? Would you reduce or stay put? Thanks.
Michael
Hi Michael,
ReplyDeleteI have reduced by selling two stocks LVS & TCK.....
Saleem
Saleem,
ReplyDeleteThanks for the information. I also thought to reduce some of my holding.
Michael