Indices closed mixed.
S&P 500 @ 2362.98, low 2361.01, high 2373.09
RSI @ 60.02
CMF @ 0.401
Internals were :
Down volume led by 1.85 to 1 in NYSE & .86 to 1 in Nasdaq
Declining stocks led by 2.73 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 31 in NYSE & highs by 15 in Nasdaq
VIX UP 3.58% @ 11.86
Oil @ $50.28
Gold @ $1208.60
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling pressure again on interest rate hike anxiety and oil slumping highest % loss in 13 months.Internals remains weak. Job picture was pretty strong vs consensus in private sector job growth, this keeps Friday's jobs report under extreme focus. This is a very orderly mild selling with eager buyers, thus no real technical damage.Keep an eye on buying opportunities in this mini sell off.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Sold MU @ 25.34
Taking profits and most positive catalysts have played out for now.
Stocktrader
Hi Stocktrader,
Good move in booking gains.
Saleem
Hi Stocktrader,
Added 20% AMD @ $13.28
Saleem
Hi Saleem,
Good luck with more AMD!
This is the most bullish thing I've seen in a while: http://www.aaii.com/o/sentimentsurvey
Stocktrader
(in a contrarian way)
Hi Saleem,
Bought Z @ 35.24
It has been showing strength despite the market pullback and rates rising. Now it appears on the verge of a breakout. I'll get back involved and see what happens.
Stocktrader
Hi Stocktrader,
Good luck with Z.
Saleem
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