Indices closed down.
S&P 500 @ 1921.27, low 1919.44, high 1942.38
RSI @ 51.61
CMF @ 0.200
Internals were :
Down volume led by 3.92 to 1 in NYSE & 3.02 to 1 in Nasdaq
Declining stocks led by 2.09 to 1 in NYSE & 2.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 13 in NYSE & lows by 36 in Nasdaq
VIX UP 8.26% @ 20.98
Oil @ $31.87
Gold @ $1222.60
AH ER...FSLR UP 2.86%
AH Futures UP
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under pressure from lower oil prices. Indices closed near low of the day. CMF is green in all indices and IBD market outlook is "market under confirmed uptrend". Buying on weakness should pay off in the longer run. Stay with your exposure as this yo yo market may change for the better in near term.
BLOG does NOT give buy or sell.
Saleem
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