Indices closed near low of the day.
S&P 500 @ 2096.92, low 2094.14, high 2103.47
RSI @ 50.86
CMF @ 0.046
Internals were :
Down volume led by 1.58 to 1 in NYSE & 2.95 to 1 in Nasdaq
Declining stocks led by 1.85 to 1 in NYSE & 2.12 to 1 in Nasdaq
Net new 52 wk lows were leading by 76 in NYSE & 33 in Nasdaq
VIX UP 5.91% @ 13.79%
Oil 2 $42.62
Gold @ $1116.90
AH ER...CRUS Down 1.83%, CSIQ Down 10.09%
ADI UP 7.10%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE is in a yo yo mode, UP day followed by Down day, Nasdaq is below 50 DMA again, S&P 500 showed relative strength and closed above 50 DMA. Wednesday @ 2 PM is Fed minutes day, which may bring its own volatility. Option expiry played a role today and may continue to do so this week.Stay the course with better performing stocks, no sense trying to outsmart this market or any other market.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Bought AMBA 102.60...oh boy.
Stocktrader
Hi Stocktrader,
AMBA holding pretty good near your purchase price, sign of good things to come.
Saleem
Hi Saleem,
Thanks, I was very scared this morning making that move, but definitely looks more stable now.
Swapped my overweighting in HDP @ 26.302 for overweighting in CYBR @ 59.622.
I like the setup in CYBR better.
Stocktrader
Hi Stocktrader,
Good luck with plus+++ position in CYBR.
Saleem
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