Indices closed down.
S&P 500 @ 2550.93, low 2548.31, high 2555.33
RSI @ 71.62
CMF @ 0.453
Internals were :
Down volume led by 1.63 to 1 in NYSE & 1.14 to 1 in Nasdaq
Declining stocks led by .89 to 1 in NYSE & 1.38 to 1 in Nasdaq
Net new 52 wk highs were leading by 186 in NYSE & 181 to 1 in Nasdaq
VIX UP .61% @ 9.91
Oil @ $50.60
Gold @ $1296.50
AH news....AAOI Down 19.87%
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE is looking tired and closed near low of the day.@ midday Dow, S&P 500 and Nasdaq made new all time highs on an Intraday basis. Internals were weak. Bank earnings are not to the liking of market, before open another set of bank earnings, IF they are not up to par, then we may see market under pressure, Friday can be more exaggerated due to weekend. Again how we close matters. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold VRX @ 13.25
The trade broke down, and questions about some accounting are now popping up.
Stocktrader
Hi Saleem,
Sold X @ 27.47 to take profits ahead of earnings
Stocktrader
Hi Stocktrader,
Good luck with your next ideas.
Saleem
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