Monday, September 26, 2016

Indices closed down .86% to .91%......

Indices closed down.

S&P 500 @ 2146.10, low 2145.04, high 2158.54

RSI @ 45.83

CMF @ 0.046

Internals were :

Down volume led by 3.05 to 1 in NYSE & 2.23 to 1 in Nasdaq

Declining stocks led by 2.56 to 1 in NYSE & 3.16 to 1 in Nasdaq

Net new 52 wk highs were leading by 51 in NYSE & 26 in Nasdaq

VIX UP 17.98% @ 14.50

Oil @ $45.93

Gold @ $1344.10

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure from Asia, then Europe based on Banking issue in Germany, tonight debate was an added distraction. S&P 500 and Dow both closed below 50 DMA, Nasdaq is still above 50 DMA. Internals were weak. Hopefully indices will behave better on "turnaround Tuesday".

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Bought TNA @ 77.56

With the debate behind us, I think we can resume the uptrend.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with TNA.

Saleem

joseph said...


Hi Guys,

Last night, I watched the debate. Before the debate, the market was in red. At the end of the debate DOW was over 100 points. I believe WTO remarks affected the market this morning.

Good luck to everyone.

Joseph