Indices closed down.
S&P 500 @ 2036.71, low 2034.86, high 2048.55
RSI @ 63.60
CMF @ 0.328
Internals were :
Down volume led by 5.90 to 1 in NYSE & 2.94 to 1 in Nasdaq
Declining stocks led by 2.93 to 1 in NYSE & 3.83 to 1 in Nasdaq
Net new 52 wk highs were leading by 59 in NYSE & lows by 16 in Nasdaq
VIX UP 5.43% @ 14.94
Oil @ $39.79
Gold @ $1224.00
AH ER...PVH UP 5.44%, KBH UP 7.02%
AH Futures Down
AH Asian Markets Mixed
AH Oil& Gold Down
About market, TAPE was under selling pressure from open and closed near low of the day. Reason for this change in direction was US$ being strong which put pressure on Oil & Gold. These pullbacks are a good buying opportunity. Patience and conviction needs to be in focus instead of headlines like Belgium which had a delayed focus today. It is important that we close on Thursday above low of the day.There is a closing BLOG around 7 PM on Thursday as Friday is a holiday in US & Canada.
BLOG does NOT give buy or sell.
Saleem
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