Indices closed down @ lowest point of the day.
S&P 500 @ 1982.77, high 1995.41
RSI @ 46.56
CMF @ 0.067
Internals were :
Down volume led by 2.74 to 1 in NYSE & 1.96 to 1 in Nasdaq
Declining stocks led by 2.44 to 1 in NYSE & 2.35 to 1 in Nasdaq
Net new 52 wk lows were leading by 116 in NYSE & 107 in Nasdaq
VIX UP 9.06% @ 14.93.....highest level in weeks
Oil @ $91.52
Gold @ $1222.00
AH ER BBBY UP 7.75%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was reacting more to US & Allies bombing ISIS position in Syria than better PMI report from China. Dow & S&P 500 closing @ absolute low of the day while Nasdaq missing by few ticks is a rare event. Indices are near short term support and should rally to mitigate oversold conditions.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Bought YY @ 79.24.
The chart looks ready to bounce and the China market continues to roll. I thought I'd try to make a play here.
Stocktrader
Hi Stocktrader,
YY is a strong stock.
Good luck.
Saleem
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