Another horrendous selling took place, but indices pared majority of losses.
S&P 500 @ 1862.49, low 1820.66, high 1874.18
RSI @ 29.22
CMF @ -0.200
Internals were :
UP volume led by .64 to 1 in NYSE & 1.02 to 1 in Nasdaq
Advancing stocks led by .89 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk lows were leading by 580 in NYSE & 296 in Nasdaq
VIX UP 15.18% @ 26.25, high today 31.06..new 52 wk high
Oil @ $81.78
Gold @ $1244.80
AH ER ...LVS UP 1.79%, EBAY Down 1.25%,
NFLX Down 26.24%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is still in digestive mode for all the issues which it is dealing with. Today's close is extremely encouraging & had the feel of capitulation. It needs to be seen IF there is buying momentum to confirm any UP moves. In the meantime, stay with strong stocks and be conservative plus diversified.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
Rebought BWLD @ 129.25.
It has outperformed so well since I sold yesterday that I think upside remains. The Ebola fears are not really hitting the consumer stocks anymore...
Stocktrader
Hi Stocktrader
Good luck with BWLD.
Saleem
Hey Saleem,
Sold some cyclical exposure--will post on the afternoon blog.
Stocktrader
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