Today's close is giving an F grade for the health of this market......closing near lows of the day is never good especially when we had a strong open.....
We closed barely above "flash crash" level of 1065.70 in 1st wk of May 2010.....our close today 1067.36....
RSI in S&P 500 is 39.11 in Nasdaq it is 38.58
Internals were weak.....
Indices were positive until 2 PM...then it went down to the lows of the day
@ best this market is weak......
CMF is geting close to break even from extremely positive.....
VIX closed UP .67% to 25.66......
Among the few green stocks included AUY,POT,AGU,MOS,
STP,JASO,GOOG,CCJ,IBN,BCSI,LDK....
AH Asian markets Down
AH Futures Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Gotta love this market
See saw
He haw
Hi C,
Today probably should make low for this trading range.....
Lower trading range is not healthy.
Saleem
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