Indices closed down.
S&P 500 @ 2051.12, low 2045.55, high 2060.30
RSI @ 44.90
CMF @ 0.113
Internals were :
Down volume led by 2.47 to 1 in NYSE & 2.74 to 1 in Nasdaq
Declining stocks led by 1.52 to 1 in NYSE & 2.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 120 in NYSE & lows by 33 in Nasdaq
VIX UP 2.88% @ 16.05
Oil @ $43.78
Gold @ $1274.40
AH ER...TSLA UP 2.47%, QRVO UP 7.39%
TRIP Down 3.77%, FIT Down 12.69%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was under selling pressure again on growth concern in World economies. We may have discounted this concern by today's lows in market, we had a healthy pullback which was good for the bull to resume its uptrend. Thursday may be a turnaround day in market. Old favourites may be in play again as they are looking attractive again after this pullback.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold BAC @ 14.27
As you know, I've been looking for a sell opportunity here. I think the Fed is on hold for a while and that probably makes banks dead money. I'll look to reallocate elsewhere.
Stocktrader
Hi Stocktrader,
Good luck with next pick.
Saleem
Hi Saleem,
Bought AMZN @ 658.60
Stocktrader
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