Indices closed down.
S&P 500 @ 2075.32, low 2064.10, high 2081.30
RSI @ 46.09
CMF @ 0.187
Internals were :
Down volume led by 2.56 to 1 in NYSE & 1.51 to 1 in Nasdaq
Declining stocks led by 1.90 to 1 in NYSE & 1.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 15 in NYSE & lows by 57 in Nasdaq
VIX Down 2.24% @ 20.50
Oil @ $48.49
Gold @ $1288.10
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was under selling pressure due to Brexit impact on collapsing bond yield worldwide, oil also failed to rally from 4 day slump.S&P 500 closed near upper end of the range, but technically all major indices are below 50 DMA. Fed reveals its verdict @ 2 PM, i expect no change in interest rate. Brexit poll for yes vote will continue to impact bond yield worldwide until voting day next Thursday. Weakness may give you a chance to buy good stocks @ discounted prices.
BLOG does NOT give buy or sell.
Saleem
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