Indices closed down.
S&P 500 @ 2768.78, low 2755.18, high 2806.04
RSI @ 36.06
CMF @ -0.243
Internals were :
Down volume led by 4.27 to 1 in NYSE & 2.56 to 1 in Nasdaq
Declining stocks led by 3.49 to 1 in NYSE & 3.26 to 1 in Nasdaq
Net new 52 wk lows were leading by 322 in NYSE & 134 in Nasdaq
VIX UP 15.29% @ 20.06
Oil @ $68.65
Gold @ $1230.10
AH news....PYPL UP 7.64%, LLNW Down 9.45%
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was weak again but did not close @ low of the day, S&P 500 closed above 50 DMA after testing support and making higher lows, a good support point technically speaking. Lot was thrown @ this market Chinese economic weakness, Higher US interest rates, Italian issues with EU and Saudi Arabia reaction to Jamal Kashoggi, considering all that we may be OK for now market wise. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi guys,
NIU might be a good IPO today. It is an electric scooter company that is growing neat 100%. The deal was downsized and priced under the range which may give it good upside. (I also thought LOGC was interesting but it's harder to determine what valuation is proper in biotechs)
I'll be out all day today on a family mini-road trip :)
Stocktrader
Thank you Stocktrader for insights of new IPOs. I got small portion of NIU @8.90
Explorer
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