Wednesday, March 28, 2018

Indices closed down .04% to .85%.....

Indices closed down.

S&P 500 @ 2605.00, low 2593.06, high 2632.65

RSI @ 37.05

CMF @ -0.124

Internals were :

UP volume led by 1.04 to 1 in NYSE & .57 to 1 in Nasdaq

Advancing stocks led by 1.07 to 1 in NYSE & .81 to 1 in Nasdaq

Net new 52 wk lows were leading by 101 in NYSE & 85 in Nasdaq

VIX UP 1.64% @ 22.87

Oil @ $64.38

Gold @ $1324.20

AH news...PRGS UP 5.3%, GME UP 2.54%, PVH UP 2.80%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under pressure again as technology stocks going through valuation adjustment to the downside. By close today , it has the feel that selling is exhausted. All major technology stocks has been taken for a major hair cut, this has taken the froth out completely.There is only a closing BLOG around 7 PM before long weekend this Thursday.

BLOG does NOT give buy or sell.

Saleem


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