Indices closed down.
S&P 500 @ 2809.21, low 2781.81, high 2816.94
RSI @ 41.56
CMF @ -0.201
Internals were :
Down volume led by 1.24 to 1 in NYSE & .89 to 1 in Nasdaq
Declining stocks led by 1.71 to 1 in NYSE & 1.39 to 1 in Nasdaq
Net new 52 wk lows were leading by 148 in NYSE & 80 in Nasdaq
VIX Down 1.25% @ 17.40
Oil @ $69.75
Gold @ $1227.40
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under mild selling due to Fed minutes which was very hawkish. When Fed is that clear on its future interest rate policies, it is never good for equities. In a way I am a bit surprised that we did not close @ low of the day and were not down more than .36%, that gives me hope for Thursday's close, which may be positive.
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Saleem,
Fed decision is surely a surprise to many & markets have ignored them today but I think sellers would jump tomorrow & it’s a hard battle for buyers to beat them but I hope your thesis is correct & close positive.
Hi Stocktrader,
Good luck with CAT puts. Unfortunately I haven’t gotten to see Fed action until close. I would surely closed some calls & gotten some protection with puts
Explorer
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