Indices closed down.
S&P 500 @ 2063.36, low 2061.97, high 2077.34
RSI @ 51.61
CMF @ -0.032
Internals were :
Down volume led by 7.05 to 1 in NYSE & 3.15 to 1 in Nasdaq
Declining stocks led by 2.43 to 1 in NYSE & 2.43 to 1 in Nasdaq ( not a typo )
Net new 52 wk highs were leading by 45 in NYSE & lows by 14 in Nasdaq
VIX UP 7.52% @ 17.29
Oil @ $36.60
Gold @ $1059.80
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was weak as oil closed sharply lower. Indices closed @ low of the day. Internals were very weak. Dow & S&P 500 closed below 50 DMA which they both have done repeatedly, hopefully, one of these days they move away upwards from 50 DMA area. Oil still rules this TAPE. Last day of 2015 trading is here on Thursday, there will be a closing BLOG tomorrow.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteLightened up on financials exposure with the economic data weakening:
Sold WAFD @ 23.921
Bought FIT @ 29.69 to try and capitalize on new product launches next week and decent chart setup coupled with continuing horrible LT sentiment (contrary indicator) as it faces AAPL which may not actually be a direct competitor.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with FIT.
Saleem
Hi Saleem and Stocktrader,
ReplyDeleteWish you both a bright a bright and a prosperous new year 2016.
Good Luck
Joseph
ReplyDeleteHi Joseph,
Good luck to you in 2016.
Saleem