Indices were in freefall as fear gripped traders.
S&P 500 @ 1552.36
RSI @ 47.93
CMF @ 0.192
Internals were :
Down volume led by 14.10 to 1 in NYSE & 17.42 to 1 in Nasdaq
Declining Stocks led by 7.19 to 1 in NYSE & 7.86 to 1 in Nasdaq
Net new 52 wk highs led by 2 in NYSE & new low led by 5 in Nasdaq
VIX rocketed UP 43.20% @ 17.27
Oil @ $88.71
Gold @ $1361.10
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, IBD is changing its market outlook tonight to "uptrend under pressure". S&P 500 has lost 2.82% from its absolute high to low of today. This is similar to pullback @ end of February. IF you look @ internals, it is among the steepest in a long time. Today was a capitulation day for many which may start a new uptrend. It is a good time to start many trading position.
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Stocktrader,
PFPT is doing well.
Yes Jeffries analyst Peter Misek has turned from bear to bull on BBRY...he is expecting good sales from Q10...the keyboard phone..loved by so many.
Saleem
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