Indices did its usual thing, lost all the morning gains and close @ low of the day.
S&P 500 @ 2076.33, low 2076.10, high 2089.81
RSI @ 50.03
CMF @ -0.045
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.08 to 1 in Nasdaq
Declining stocks led by 1.25 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 85 in NYSE & 50 in Nasdaq
VIX UP .27% @ 14.78
Oil @ $53.98
Gold @ $1210.60
Stocks which were UP 1% or more AKS LULU KORS SWIR VDSI FEYE QIHU OTEX TWTR WUBA SINA FFIV
GRPN FNSR SPLK STLD DATA CNQ......
AH Futures UP
AH Asian Markets UP
AH Oil & Gold Down
About market, TAPE turned lower around 2 PM and closed @ lowest point in all indices. This kind of action is almost predictable these days, volume was lower is the only consolation.Internals became negative. Hopefully we close higher on Wednesday as per pattern. Keep accumulating stocks which you know well.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Sold PANW @ 145.58 to take profits.
Stocktrader
Hi Stocktrader,
Good luck with your next move.
Saleem
Hi Saleem,
Nicely done with RAD!
Oops on PANW :)
Stocktrader
Hi Stocktrader,
Thanks for your RAD comment....
Saleem
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