Indices closed mixed.
S&P 500 @ 2083.39, low 2078.26, high 2092.93
RSI @ 46.21
CMF @ -0.001
Internals were :
Down volume led by 1.83 to 1 in NYSE & 1.37 to 1 in Nasdaq
Declining stocks led by 1.51 to 1 in NYSE & 1.30 to 1 in Nasdaq
Net new 52 wk lows were leading by 59 in NYSE & 28 in Nasdaq
VIX Down .88% @ 13.49
Oil @ $42.23
Gold @ $1115.60
AH ER...NWS Down 7.1%, LOCO Down 14.05%
YY UP 2.96%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was erratic, UP DOWN & finally MIXED close. We are in deep vacation month of August and TAPE is easy to go in any direction. Some stocks are bucking this malaise and that is where the strength lies. Mark time with a portfolio of strong stocks and let it breathe, market will do what it wants to do.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Looks like someone else saw FDX's value this morning :)
08:14 EDT FDX, UPS theflyonthewall.com: FedEx multiple remains well below UPS, says Citi
Citi analyst Christian Wetherbee lists reasons to buy shares of FedEx (FDX) in a note to investors this morning. The stock's multiple remains "compelling" and well below peer UPS (UPS), while the shipping giant is highly levered to e-commerce growth, Wetherbee writes. The analyst keeps a Buy rating on FedEx with a $205 price target. :theflyonthewall.com
Hi Stocktrader,
It is good to get support from analyst for FDX.
Saleem
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