Wednesday, March 4, 2015

Indices closed down .26% to .58%.....

Indices closed down on mixed economic data.

 S&P 500 @ 2098.53, low 2087.62, high 2107.72

 RSI @ 55.69

 CMF @ 0.364

 Internals were :

 Down volume lead by 2.39 to 1 in NYSE & 1.20 to 1 in Nasdaq

 Declining stocks led by 1.59 to 1 in NYSE & 1.43 to 1 in Nasdaq

 Net new 52 wk highs were leading by 62 in NYSE & 28 in Nasdaq

 VIX UP 2.67% @ 14.23

 Oil @ $51.53

 Gold @ $1200.90

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE continues its digestive phase. Internals further deteriorated @ close. Many leaders are correcting in this pullback which can be bought on further weakness. Security stocks are digesting its recent gains. YY & QIHU has been in freefall for a while and looks deeply oversold on RSI basis. Stay with your diversified portfolio as rotation is taking hold.

 BLOG does NOT give buy or sell.

 Saleem
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4 comments:

  1. stocktrader_1996March 5, 2015 at 7:03 AM

    Hey Saleem,

    I have this ominous feeling now. With the ECB event passed, and Fed to come, it looks like more global steps toward easing are not forthcoming. Where does that leave the market?

    Stocktrader

    ReplyDelete
  2. stocktrader_1996March 5, 2015 at 7:36 AM

    Hey Saleem,

    Sold NXPI @ 100.308 to take profits.

    Stocktrader

    ReplyDelete
  3. Stocks100March 5, 2015 at 8:17 AM

    Hi Stocktrader,

    World economies are getting enough support to get the growth back on track...

    Market is anticipating reasonable growth all over this year.

    Saleem

    ReplyDelete
  4. Stocks100March 5, 2015 at 8:18 AM

    Hi Stocktrader,

    Excellent trade with NXPI.

    Saleem

    ReplyDelete