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
SALEEM
ReplyDeleteGotta love this market
See saw
He haw
Hi C,
ReplyDeleteToday probably should make low for this trading range.....
Lower trading range is not healthy.
Saleem