Indices closed down.
S&P 500 @ 2080.41, low 2080.41, high 2093.81
RSI @ 54.63
CMF @ -0.045
Internals were :
Down volume led by 1.62 to 1 in NYSE & .79 to 1 in Nasdaq
Declining stocks led by 1.32 to 1 in NYSE & 1.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 29 in NYSE & by 86 in Nasdaq
VIX UP 6.68% @ 16.13
Oil @ $41.65
Gold @ $1065.80
AH ER....LOCO UP 2.61%, WPRT Down 3.47%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was under selling pressure and all indices closed @ low of the day, S&P 500 closed @ absolute lowest point. This was a normal consolidation after huge gains, expect a resumption of high spirited buying again.All strong stocks took a time out again but sox continued its strong recovery. Diversification is highly recommended all the time as sector rotation takes hold.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold SWKS @ 84.155 to take profits.
Multiple reports today of AAPL reducing orders due to sluggish iPhone demand. After the nice up move, I'll take the money and run! :)
Stocktrader
Hi Stocktrader,
Taking money is always in vogue.....
Good luck with your next $$$$ idea or ideas.
Saleem
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