Monday, March 19, 2018

Indices closed down 1.35% to 1.84%....

Indices closed down.

S&P 500 @ 2712.92, low 2694.59, high 2741.38

RSI @ 45.85

CMF @ -0.098

Internals were :

Down volume led by 7.05 to 1 in NYSE & 4.13 to 1 in Nasdaq

Declining stocks led by 3.71 to 1 in NYSE & 2.67 to 1 in Nasdaq

Net new 52 wks lows were leading by 115 in NYSE & 0 in Nasdaq

VIX UP 20.38% @ 19.02

Oil @ $62.06

Gold @ $1317.80

AH news...ORCL Down 7.18%, DHI Down 4.07%
                  ARNA UP 24.8%,  TRUE UP 7.95%

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE reacted badly to many issues, first FB data breach then interest rate upcoming hike and finally deepening Russian probe, all this was just too much and Nasdaq took the biggest tumble and touched 50 DMA but closed well above. Dow and S&P 500 are lower than 50 DMA. Based on today's negativity, we may be looking @ another day of weak TAPE.

BLOG does NOT give buy or sell.

Saleem

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