Thursday, October 12, 2017

Indices closed down .14% to .18%......

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:

stocktrader_1996 said...

Hi Saleem,

Sold VRX @ 13.25

The trade broke down, and questions about some accounting are now popping up.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold X @ 27.47 to take profits ahead of earnings

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with your next ideas.

Saleem