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
Hi Stocktrader,
ReplyDeletePFPT 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