Indices closed mixed after a volatile session.
S&P 500 @ 1877.70, high 1898.71, low 1871.79
RSI @ 31.37
CMF @ -0.262
Internals were :
UP volume led by 1.74 to 1 in NYSE & 2.04 to 1 in Nasdaq
Advancing stocks led by 1.57 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new 52 wk lows were leading by 324 in NYSE & 168 in Nasdaq
VIX Down 7.51% @ 22.79
Oil @ $81.84
Gold @ $1234.30
Stocks which were UP 1% or more included MU NXPI
SWIR COH LVS LNKD LEN TSLA SINA DNKN
CMG MA GG YELP GRPN OWW FSLR C M
SPWR ONVO INVN HIMX CRUS SNDK
JDSU FNSR INTC NFLX PANW X
STLD ABX SLW DATA CSOD
WLT TRLA Z.....
AH ER INTC UP 2.61%
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE surprised most participant by losing all the gains & went into negative, this may be the best thing happened to this bear TAPE, we may have flushed out the last standing die hard bull and forced them into selling.TAPE may start to move UP gradually as many issues have been discounted. IF everyone is bearish and sure this TAPE is headed down, then guess what, we may be headed UP from here.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Yahoo finance breaks everytime a graph falls too far.
I've seen repeated breakings, and it just broke today.
I wonder what professionals use...
Nevermind it's fixed now.
Hi Firebird,
Google finance, cnbc quote system, Stockchart.com plus many more one can use..
Saleem
Saleem,
Thanks!
Hey Saleem,
Sold LUV @ 29.54.
With the news that the second healthcare worker flew domestically earlier this week with 130+ passengers on board, I think there's a real problem now...
Stocktrader
Hi Stocktrader,
Good to be defensive based on everything which is going on.
Saleem
Hey Saleem,
With a heavy heart, sold BWLD @ 125.575.
If I'm going to ride out this storm, I need to stay away from stocks potentially affected by a pullback in consumer movement.
Stocktrader
Hi Stocktrader,
It is rough market, good move.
Saleem
Hey Saleem,
Seems like the bottom.
Stocktrader
Hi Stocktrader,
Looks like today may be the low point and possible support for this slump.
Saleem
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