Indices closed down.
S&P 500 @ 2693.13, low 2681.90, high 2702.84
RSI @ 53.14
CMF @ -0.102
Internals were :
Down volume led by 1.58 to 1 in NYSE & 2.66 to 1 in Nasdaq
Declining stocks led by 2.22 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & 45 in Nasdaq
VIX UP 2.31% @ 15.96
Oil @ $68.29
Gold @ $1348.80
AH news...ALKS UP 3.99%, RDNT UP 7.91%
LLNW UP 12.93%, TEAM Down 11.67%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under selling pressure due to weak orders in Semiconductor industry. Most semis were down in reaction. There was mini overbought situation which got corrected today. 10 year rate @ 2.92% also caused some concern. Hopefully Friday will be a positive close.There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold MU @ 51.58
This stock is too hard and controversial right now, especially in the face of quickly rising interest rates. I think memory prices have probably peaked, so it's difficult to maintain an MU position despite the cheap valuation.
Stocktrader
Hi Stocktrader,
Good luck with your next pick.
Saleem
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