Indices closed mixed.
S&P 500 @ 2884.43, low 2862.08, high 2889.45
RSI @ 44.12
CMF @ -0.084
Internals were :
Down volume led by .50 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new 52 wk lows were leading by 358 in NYSE & 180 in Nasdaq
VIX UP 5.87% @ 15.69
Oil @ $74.29
Gold @ $1188.60
AH news...PZZA UP 8.29%, YNDX Down 4.62%
PPG Down 9.21%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure again due to Chinese economic weakness and 10 yr yield remaining high. TAPE did erase most of the losses by close, only Dow closed green. We may need another test of support in all indices. Revamping portfolio to reflect stronger stocks may not be a bad idea.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem & Stocktrader,
I got in SPLK & BEAT calls yesterday. Market swings are huge, which makes trading harder.
Explorer
Hi Explorer,
Good luck with SPLK & BEAT calls.
Saleem
Hi Explorer,
I bought SPLK and PANW calls in my trading account yesterday too, but sold all the SPLK by close as they had rebounded hard from my entry. I pared back the PANW calls some, but still hold a bunch.
Good luck with your new calls!
Stocktrader
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