Monday, February 4, 2013

Indices down .93% to 1.51%.......

Europe put the scare back in worldwide markets today.

S&P 500 @ 1495.71

RSI @ 59.65

CMF @ 0.354

Internals were :

Down volume led by 5.70 to 1 in NYSE & 4.64 to 1 in Nasdaq

Declining stocks led by 3.71 to 1 in NYSE & 3.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 96 in both NYSE & Nasdaq ( not a typo)

VIX jumped 13.72% @ 14.67

Oil @ $96.17

Gold @ $1676.40

AH ER :

BIDU Down 5.88%

YUM Down 5.41%

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, here we are down 1.28% from absolute high of  1514.41, after a straight run UP of 8.32%. This is a normal day @ the office nothing more. Those who are reading more than what it could be, here is the next support which is around 1474 area. This is a strong bull market in an improving worldwide economy. Corruption in few countries is NOT a earth shattering news which could derail a strong market. There was opportunity today to buy, for those under-invested.

BLOG does NOT give buy or sell.

Saleem

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