Technically market is not looking good......
Indices closed below support level & Nasdaq is the weakest of all....
Internals were weak as listed below :
Down volume led by 2.71 to 1 in NYSE & 4.91 to 1 in Nasdaq
Declining stocks led by 1.72 to 1 in NYSE & 1.79 to 1 in Nasdaq
New 52 wk lows were 95 in NYSE & 141 in Nasdaq
Japanese business survey was stronger than expectations of +1 vs expectations of -4...
Chinese PMI just released was lower than expectations...came in @ 52.1 vs expectation of 53.1 due to govt move to cool down property market through lending curbs....exports are also slowing.
AH Futures are Down
AH Nikkei Down
AH Shanghai UP
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
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