Indices closed down.
S&P 500 @ 2040.04, low 2025.91, high 2044.21
RSI @ 42.98
CMF @ 0.092
Internals were :
Down volume led by 1.82 to 1 in NYSE & Nasdaq ( typo)
Declining stocks led by 2.53 to 1 in NYSE & 2.33 to 1 in Nasdaq
Net new 52 wk lows were leading by 17 in NYSE & 72 in Nasdaq
VIX UP 2.38% @ 16.33
Oil @ $48.16
Gold @ $1254.80
AH ER....AMAT UP 8.49%, SOHU UP 3.77%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE faced selling from open but again pared its losses and closed near high of the day. Fed policy has taken centre stage and we had volatility to reflect their upcoming decision.. Strange TAPE action today, gold was sharply lower but gold stocks celebrated with green close. Earnings are giving positive surprises WMT gained in sales when AMZN was conquering the world.AH is looking good for Friday's green TAPE. There is only a closing BLOG around 7 PM on Friday's.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I was actually looking at OLED for really the first time ever within the past week, but couldn't understand the valuation even with a technology that is still emerging. After AMAT's comments today, it makes a lot more sense...
Stocktrader
Hi Stocktrader,
AMAT earnings were stellar and anything the are highlighting has to be good.
Good luck with OLED research, i have never done any work on it, it will be interesting IF you could do a write up.
Saleem
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