Indices closed down.
S&P 500@ 2077.07, low 2066.78, high 2090.42
RSI @ 51.43
CMF @ -0.117
Internals were :
Down volume led by 4.45 to 1 in NYSE & 2.72 to 1 in Nasdaq
Declining stocks led by 4.06 to 1 in NYSE & 3.35 to 1 in Nasdaq
Net new 52 wk lows were leading by 298 in NYSE & by 128 in Nasdaq
VIX UP 6.95% @ 15.84
Oil @ $37.65
Gold @ $1075.20
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was dislodged from its strong finish on Friday on record low oil, oil is key barometer of worldwide economic growth & health, its new 6.5 year low is quite a surprise. Majority of stocks were sold off today irrespective of their fundamental or technical pattern. All i can suggest is move to stronger stocks on lower price and sell laggards.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold DHI @ 32.364 as TOL disappoints and the market thinks more about a Fed rate hike. Trimmed my big overweight in RLYP @ 27.931 after the nice run.
Stocktrader
Hi Stocktrader,
Good move with RLYP, that was one hell of a jump 30%....great pick.
Saleem
Hi Saleem, stocktrader ,
Biotech can be under pressure due to Presidential election and their polices. Yet I believe a good stock can outperform even during weak market days. Good luck.
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