Indices closed down.
S&P 500 @ 2798.03, low 2792.56, high 2805.83
RSI @ 78.90
CMF @ 0.207
Internals were :
Down volume led by 2.08 to 1 in NYSE & .97 to 1 in Nasdaq
Declining stocks led by 2.67 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 126 in Nasdaq
VIX UP 2.60% @ 12.22
Oil @ $63.95
Gold @ $1327.20
AH news.....MLNX UP 7.45%, AAOI UP 6.71%
AXP Down 2.70%, IBM Down 3.44%
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE started UP but only Dow made a new all time high, Indices struggled due to looming government shutdown, there is some hope for averting that now, this gets resolved most of the time. This weakness was another opportunity to position in strong stocks. Internals were weak today die to limited selling, TAPE is in very good shape ready to take off again. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem and Stocktrader,
Bought IBM @ 162.70. Hope it will hold.
Joseph
Hi Joseph,
Good luck with IBM.
Saleem
Hi Joseph,
Good luck on IBM!
Stocktrader
Post a Comment