Monday, July 27, 2015

Indices closed down .58% to .96%......

Indices closed near low of the day.

 S&P 500 @ 2067.64, low 2063.52, high 2078.19

 RSI @ 40.41

 CMF @ -0.058

 Internals were :

 Down volume led by 3.37 to 1 in NYSE & 3.28 to 1 in Nasdaq

 Declining stocks led by 2.73 to 1 in NYSE & 2.45 to 1 in Nasdaq

 Net new 52 wk lows were leading by 453 in NYSE & 252 in Nasdaq

 VIX UP 13.54% @ 15.60

 Oil @ $47.39

 Gold @ $1096.40

 AH ER...BIDU Down 6.31%

 AH Futures Mixed

 AH Asian Markets Down

 AH Oil & Gold Down

 About market, TAPE was under tremendous pressure after Shanghai slumped 8.48%, but US indices held up reasonably well under the circumstances. European markets slumped around 2.5%. IF you compare against those numbers US markets almost avoided the rout.S&P 500 went below 200 DMA but managed to close above, Nasdaq closed below 50 DMA and Dow slumped deeper below 200 DMA. I expect indices to find support in US around today's low of the day. All eyes are on Shanghai tonight as regulators have promised support.

 BLOG does NOT give buy or sell.

 Saleem
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6 comments:

  1. stocktrader_1996July 28, 2015 at 6:37 AM

    Hi Saleem,

    Bought MS @ 39.377.

    Stocktrader

    ReplyDelete
  2. Stocks100July 28, 2015 at 6:59 AM

    Hi Stocktrader,

    Bought NXPI @ $88.90.

    Saleem

    ReplyDelete
  3. Stocks100July 28, 2015 at 7:05 AM

    Hi Stocktrader,

    Good luck with MS.

    Saleem

    ReplyDelete
  4. stocktrader_1996July 28, 2015 at 7:37 AM

    Hi Saleem,

    Crazy market really. Good luck with NXPI--there was a positive note out today saying the worst had been priced in.

    Stocktrader

    ReplyDelete
  5. stocktrader_1996July 28, 2015 at 8:40 AM

    Hi Saleem,

    Sold BCEI @ 8.66.

    Results were ugly and it can't catch a bid on a big up-commodity day. I don't have enough of an edge to stick with it.

    Stocktrader

    ReplyDelete
  6. Stocks100July 28, 2015 at 11:13 AM

    Hi Stocktrader,

    Good luck on your next pick.

    Saleem

    ReplyDelete