Indices were down again for third day.
S&P 500 @ 1701.84, low 1697.10
RSI @ 58.83
CMF @ 0.040
Internals were :
Down volume led by 2.07 to 1 in NYSE & 2.09 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 43 in NYSE & 92 in Nasdaq
VIX UP 9.07% @ 14.31
Oil @ $103.59
Gold @ $1327.00
AH ER RHT Down 8.05%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, S&P 500 @ low today was down 1.89%. Today's selling was on low volume & internals were mixed, which is a good thing. Roubini is bullish on US stocks. We have a very good chance of closing in green on Tuesday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I've been struggling with a new trading platform this week as the one I've used for 15 years was finally discontinued by the broker. It is much harder for me to get that "instant feel" right now, although the research can still perform well.
The market looks pretty good today with many risk sectors participating. I think the whispers of a political solution as well as the minor pullback has brought the buyers back.
I'm evaluating opportunities for purchase, but really, I just love the ones I already own. I'm trying to be thoughtful with new adds.
Stocktrader
Hi Stocktrader,
No need to add unless you feel strong about its technicals / fundamentals.....
You already have more than 100% exposure with profits @ play....
Good luck with new platform format.
Saleem
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