Indices closed down.
S&P 500 @ 2041.89, low 2041.66, high 2076.37
RSI @ 46.34
CMF @ -0.080
Internals were :
Down volume led by 6.08 to 1 in NYSE & 2.97 to 1 in Nasdaq
Declining stocks led by 1.92 to 1 in NYSE & 1.96 to 1 in Nasdaq
Net new 52 wk lows were leading by 150 in NYSE & by 79 in Nasdaq
VIX UP 6.05% @ 18.94
Oil @ $34.95
Gold @ $1049.60
AH ER.....RHT UP 6.43%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE reacted to falling oil & commodity prices and closed @ low of the day, Today's TAPE was extremely disappointing after being strong yesterday and giving all that gain and then some today. S&P 500 & Dow are below 50 & 200 DMA, Nasdaq & Dow still making golden cross & S&P 500 to follow very quickly, so there is some hope technically speaking. Friday is monthly option expiry, we may have been impacted by that a day early. Hoping close to be encouraging.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Today is your day. Both BITA and BBRY are flying on such down market.
GOOD LUCK
Joseph
Hi Joseph,
BBRY use to be my favorite stock when it was triple digit,now it is single digit midget.
BITA I was monitoring for two years then it made to my watch list two months ago then purchased it two weeks ago. It was $95 once maybe it go there in a year.
Thanks for your message, much appreciated.
Saleem
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