Indices closed down.
S&P 500 @ 2075.00, low 2074.85, high 2086.94
RSI @ 56.45
CMF @ 0.245
Internals were :
Down volume led by 1.88 to 1 in NYSE & 2.18 to 1 in Nasdaq
Declining stocks led by 1.34 to 1 in NYSE & 1.81 to 1 in Nasdaq
Net new 52 wk lows were leading by 65 in NYSE & by 26 in Nasdaq
VIX UP 5.04% @ 16.06
Oil @ $42.93
Gold @ $1084.90
AH ER ...NTES UP 5.96%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure from M ER and Oil tanking again. First time i have seen all indices closing down by same %. Volume was low due to veterans day. TAPE is drifting with many negative data from different sectors. Hopefully we will find footing and move UP any moment now. Stay with your conviction and in the end everything will turn out more than OK.
BLOG does NOT give buy or sell.
Saleem
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