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
6 comments:
Hi Saleem,
Bought MS @ 39.377.
Stocktrader
Hi Stocktrader,
Bought NXPI @ $88.90.
Saleem
Hi Stocktrader,
Good luck with MS.
Saleem
Hi Saleem,
Crazy market really. Good luck with NXPI--there was a positive note out today saying the worst had been priced in.
Stocktrader
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
Hi Stocktrader,
Good luck on your next pick.
Saleem
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