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
Hi Saleem,
ReplyDeleteSold 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
ReplyDeleteHi Stocktrader,
Taking money is always in vogue.....
Good luck with your next $$$$ idea or ideas.
Saleem