Indices closed lower.
S&P 500 @ 1953.01, low 1948.27, high 1963.06
RSI @ 43.81
CMF @ -0.096
Internals were :
Down volume led by 2.05 to 1 in NYSE & 1.70 to 1 in Nasdaq
Declining stocks led by 2.10 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk lows were leading by 96 in NYSE & 24 in Nasdaq
VIX UP 4.53% @ 24.25
Oil @ $44.00
Gold @ $1107.70
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE participated in wait & see game of Fed raising interest rate or not. Many traders and funds are on the sidelines until then. Currently is a good buying opportunity before market takes off. Many stocks are stable to slightly UP on most days and are showing good relative strength, pay attention to strong stocks.
BLOG does NOT give buy or sell.
Saleem
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