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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