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
Hi Saleem,
ReplyDeleteSold 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,
ReplyDeleteGood luck with next pick.
Saleem
Hi Saleem,
ReplyDeleteBought AMZN @ 658.60
Stocktrader