Indices were under mild profit taking on politics & Syria uncertainty.
S&P 500 @ 1683.42, low 1681.96
RSI @ 59.09
CMF @ -0.025
Internals were :
Down volume led by 2.48 to 1 in NYSE & 2.11 to 1 in Nasdaq
Declining stocks led by 2.14 to 1 in NYSE & 1.76 to 1 in Nasdaq
Net new 52 wk highs were leading by 70 in NYSE & 113 in Nasdaq
VIX UP 3.40% @ 14.29
Oil @ $108.60
Gold @ $1330.60
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold Down
About market, after seven straight UP session in S&P 500, we had a 0.34% pullback. Pullbacks are healthy in a strong bull market, it offers a chance to buy stocks when they are down a bit, also gives a chance to switch stocks based on relative strength or weakness. Fed & Syria remains in focus & traders may feel uncertainty based on unknown. It is important to book gains & re-position on any weakness.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Rebought MU @ 15.71.
Stocktrader
Hi Stocktrader,
Good luck with MU..
Saleem
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