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
3 comments:
Saleem,
What is good strategy at this time? Would you reduce or stay put? Thanks.
Michael
Hi Michael,
I have reduced by selling two stocks LVS & TCK.....
Saleem
Saleem,
Thanks for the information. I also thought to reduce some of my holding.
Michael
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