Indices closed down.
S&P 500 @ 2711.45, low 2701.91, high 2718.59
RSI @ 57.06
CMF @ 0.120
Internals were :
Down volume led by 1.48 to 1 in NYSE & 1.32 to 1 in Nasdaq
Declining stocks led by 1.76 to 1 in NYSE & 1.09 to 1 in Nasdaq
Net new 52 wk lows were leading by 31 in NYSE & highs by 28 in Nasdaq
VIX UP 13.15% @ 14.63
Oil @ $71.00
Gold @ $1290.10
AH news...TEVA UP 4.68%, GOGO UP 5.19%
BOOT UP 9.97%, VSTM Down 11.07%
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was under mild selling pressure due to rising 10 year yield @ 7 year high of 3.08%, this is not unexpected and today it may have been discounted 3 or 4 interest rate hikes this year. Most stocks met severe pullback @ open but improved as the day came to an end. Expecting a positive day for Wednesday.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Added 125% EAF @ $19.59
Saleem
Hi Saleem,
Good luck with more EAF.
Stocktrader
Hi Saleem,
Sold MHO @ 28.11
The housing trade has just not worked as rising financing, labor, and material costs have hurt both volumes and margins.
Stocktrader
Hi Stocktrader,
Sold MU @ $56.50
Saleem
Hi Stocktrader,
Added 50% WB @ $103.40
Saleem
Hi Stocktrader,
Added 40% BZUN @ $45.05.
Saleem
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