Indices closed down.
S&P 500 @ 2126.15, low 2125.53, high 2133.25
RSI @ 40.95
CMF @ -0.167
Internals were :
UP volume led by 1.14 to 1 in NYSE & 1.03 to 1 in Nasdaq
Advancing stocks led by 1.04 to 1 in NYSE & .98 to 1 in Nasdaq
Net new 52 wk lows were leading by 20 in NYSE & 74 in Nasdaq
VIX UP 5.37% @ 17.06
Oil @ $46.86
Gold @ $1273.10
AH ER...LB Down 5.94%, APC Down 2.37%
AH Futures Up
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed near low of the day, oil sharply lower did not help either. Many polls came out today and latest ones are placing US election result, as it was before Friday, this latest read will help markets to find its footing again. Hopefully, oil has found its support and should move UP from here. Many technology leaders were struggling today, but AMZN continued its comeback. Market may have seen its low today, turnaround Tuesday is here.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I am pleased with LYB's results and guidance. Despite some unplanned disruptions and some major planned maintenance, they performed well this quarter. They are positioned for significant operating leverage into 2017 as a lighter maintenance schedule dovetails with completion of efficiency and expansion projects. Including continued share repurchases, I think 2017 could be a great year assuming the world economies don't implode.
Stocktrader
Hi Stocktrader,
I am glad, that you are closely monitoring your thesis on LYB.
Saleem
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