Indices closed down.
S&P 500 @ 2365.45, low 2358.18, high 2368.55
RSI @ 58.77
CMF @ 0.398
Internals were :
Down volume led by 2.73 to 1 in NYSE & 2.19 to 1 in Nasdaq
Declining stocks led by 1.99 to 1 in NYSE & 2.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 19 in NYSE & 1 in Nasdaq
VIX UP 8.37% @ 12.30
Oil @ 47.72
Gold @ $1202.60
AH ER...RUBY Down 15.49%, NPTN Down 12.00%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under minor selling and closed near top end of the range. Fed is all set to raise interest rates by .25%, whole world is aware of this. Expect usual zig zag dance then close in the positive. TAPE wants to move higher and was held up in this rate jitters. Buying on any dip has worked and will not be any different on Wednesday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought AKS @ 8.1465
The chart looks good after a nice rest and industry fundamentals, especially in the US, remain good defying many expectations. I still wonder if AKS is a takeover candidate as industry consolidation seems wise.
Stocktrader
Hi Stocktrader,
Good luck with AKS.
Saleem
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