Nasdaq was the big story today.... when many stocks were shot down.....excuse was that it was all about "cloud computing" warning by an unknown company......BUT AAPL,BIDU,PCLN,LVS,WYNN & many stocks are NOT in cloud computing or AMZN has a tiny % in cloud storage..but they were all taken down by HFT..who decided to hit the sell button ......
Dow was green @ close & S&P 500 was down less than 1 point.....
Volume was way low in NYSE BUT high in Nasdaq ????
Internals were almost neutral to slightly positive in NYSE
Internals in Nasdaq was negative as listed below :
Down volume led by 2.18 to 1
Declining stocks led by 1.50 to 1
Nasdaq had 121 new 52 wk high today....
So overall Nasdaq TAPE was not that negative for today.....
VIX was actually Down 1.24% to 21.29..which tells me that HFT were shooting @ Nasdaq high fliers cloud or NOT.......
Many stocks were green which included AAPL,JASO,CSIQ,TCK,CNQ,
GS,KGC,AGU,EGO,YGE,CCJ,M,X,GG,SOLF....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
BLOG does NOT give buy or sell.
Saleem
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