TAPE was under selling pressure after opening green.
S&P 500 @ 1909.57, low 1904.78, high 1928.89
RSI @ 32.85
CMF @ -0.023...lowest level since mid April
Internals were :
Down volume led by 2.32 to 1 in NYSE & 1.96 to 1 in Nasdaq
Declining stocks led by 1.17 to 1 in NYSE & 1.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 24 in NYSE & 69 in Nasdaq
VIX UP 1.77% @ 16.66
Oil @ $97.34
Gold @ $1312.50
AH ER... ZNGA Down 7.19%, SCTY UP 3.07%
NVDA UP 4.41% News..LULU UP 6.07%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE is not looking healthy, S&P 500 & Nasdaq made lower lows & Dow went below 200 DMA but managed to close above by 25 points. Mario Draghi is not happy about "politics of sanctions" he is worried about its impact on Europe. US is back in Iraq with targeted bombing. Everyone is happy with new chant "give war a chance". Latest escalation by US is going to take a toll on World Markets on Friday, its easy to start a war but its impact is beyond its initial intent. I will be doing a special 2 PM update on Friday based on need to see what is happening in markets.
BLOG does NOT give buy or sell.
Saleem
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