Indices closed @ low of the day.
S&P 500 @ 2092.43, low 2092.33, high 2107.55
RSI @ 53.90
CMF @ 0.049
Internals were :
Down volume led by 1.77 to 1 in NYSE & 1.34 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 103 in NYSE & 90 in Nasdaq
VIX UP 10.81% @ 13.94
Oil @ $51.91
Gold @ $1199.30
Stocks which were UP 1% or more included FB JCP JKS
CSIQ AMCC NFLX CCJ......
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak and closed @ low of the day, weakness was attributed to US$ strength, BUT i think it was due to anxiety over quality of earnings. It is extremely important that we do not close down on Tuesday as it will be extremely negative for forward action. VIX showed unusual strength which is also a concern. I have lightened up in my exposure as i am not sure what is in store.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought AA @ 13.41.
I think the chart and sentiment are starting to turn more positive for the sector and the earnings highlighted the great efforts of management to perform in a weak commodity environment.
Stocktrader
Hi Stocktrader,
Good luck with AA..commodities are doing much better today...
Saleem
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