Indices closed down.
S&P 500 @ 1890.28, low 1886.41, high 1950.33
RSI @ 28.45
CMF @ -0.112
Internals were :
Down volume led by 9.42 to 1 in NYSE & 7.45 to 1 in Nasdaq
Declining stocks led by 7.64 to 1 in NYSE & 6.35 to 1 in Nasdaq
Net new 52 wk lows were leading by 757 in NYSE & 559 in Nasdaq
VIX UP 12.24% @ 25.22
Oil @ $30.48
Gold @ $1087.10
AH news ....GPRO Down 24.57%, AMBA Down 10.41%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE reversed and went down in a straight line and closed near low of the day, internals have been the worst i have seen in a while. TAPE is definitely oversold but it does not have firm buying support which is resulting in lower lows in a hurry.We have broken key support @ 1900, 1871 is next support area. Too much negativity is the only contrary indicator which may cut through negativity and give some upside.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Saleem,
Added to OMED @ 15.20
Stocktrader
Hi Saleem,
Bought SPLK @ 48.25
Stocktrader
Hi Saleem,
Bought BAC @ 14.75
Stocktrader
Hi Saleem,
Bought URI @ 55.15
Stocktrader
Hi Stocktrader,
Added 20% CY @ 8.22
Saleem
Hi Stocktrader,
Good luck with URI SPLK BAC and more OMED.
Saleem
Hi Saleem,
Good luck with the CY add. Market bounce was very nice but already looks like a downside test coming again. Thankfully the market sentiment is so bearish--might give us a chance for sustainable rally here especially with good JPM earnings among others.
Stocktrader
Hi Saleem,
Used the last of my cash to buy WLH @ 11.69
Portfolio: RLYP GM LNKD BAC PLNT SPLK URI WLH OMED
Stocktrader
Hi Stocktrader,
Good you are all in like me.....
Good luck with WLH.
Saleem
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