Indices closed down.
S&P 500 @ 2079.51, low 2077.11, high 2104.27
RSI @ 52.74
CMF @ -0.103
Internals were :
Down volume led by 4.24 to 1 in NYSE & 1.87 to 1 in Nasdaq
Declining stocks led by 3.75 to 1 in NYSE & 2.01 to 1 in Nasdaq
Net new 52wk lows were leading by 54 in NYSE & highs by 25 in Nasdaq
VIX UP 8.45% @ 15.91
Oil @ $39.94
Gold @ $1053.80
AH ER...AVGO UP 9.48%, PVH UP 3.02%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under tremendous selling pressure on stronger than expected ADP jobs report and then Fed chief indicated all set to increase interest rate. Mario Draghi may cut all this negativity on Thursday with ECB policy statement of easing . This was a normal jittery reaction to known news. Stay with your exposure and could do some buying IF comfort level is there. This bull market is alive and well.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Added to my financials exposure with BAC @ 17.72
With the Fed rate hike on cruise control now, I thought this might be a good add for now.
Stocktrader
Hi Stocktrader,
Good luck with BAC.
Saleem
Hi Saleem,
The last 24 hours in the market has been very tough. Hopefully we've shaken the tree enough to see a nice relief rally tomorrow.
Stocktrader
Hi Stocktrader,
These pullbacks are necessary for bull to continue its run towards new highs, maybe Friday is the same.
I am bullish for next week.
Saleem
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