Monday, October 31, 2011

Indices closed down below 200 DMA......

Two trading days after European agreement, technical picture has turned sour again. All indices are below 200 DMA.

S&P 500 closed @ 1253.30, near low of the day.

RSI @ 57.56

Internals of the market were as follows :

Down volume led by 12.11 to 1 in NYSE & 7.88 to 1 in Nasdaq

Declining stocks led by 4.43 to 1 in NYSE & 3.50 to 1 in Nasdaq

VIX Jumped 22.14% @ 29.96.....this is a sharp move UP ?

All inverse ETF were green like SDS,SMN,QID,FAZ

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

BLOG does NOT give buy or sell.

Saleem

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