Indices closed down.
S&P 500 @ 2375.31, low 2367.98, high 2378.80
RSI @ 67.37
CMF @ 0.436
Internals were :
Down volume led by 3.20 to 1 in NYSE & 1.59 to 1 in Nasdaq
Declining stocks led by 2.32 to 1 in NYSE & 2.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 17 in NYSE & highs by 22 in Nasdaq
VIX UP 2.55% @ 11.24
Oil @ $53.20
Gold @ $1225.50
AH ER....CRM UP 2.12%
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE had to deal with lot of negatives, but it held up pretty good by close, indices closed near high of the day. Internals were weak. Besides all important jobs report on Friday, there is too much anxiety in the market place, most traders are playing defensive. There is a good chance that we try to close green on "turnaround Tuesday".
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I'm a bit surprised the good ZTE news is not helping OCLR more. Something to watch when "good news" doesn't create good price action, although an analyst did speculate on this outcome on Friday which caused the huge gain that day.
Stocktrader
Hi Stocktrader,
YES...very surprised @ lack of reaction to a very important development with ZTE.
Saleem
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