Indices closed mixed.
S&P 500 @ 2880.34, low 2874.27, high 2894.83
RSI @ 42.61
CMF @ -0.130
Internals were :
Down volume led by 1.37 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.13 to 1 in NYSE & 1.51 to 1 in Nasdaq
Net new 52 wk lows were leading by 259 in NYSE & 130 in Nasdaq
VIX Down 1.66% @ 15.95
Oil 2 $74.96
Gold @ $1191.50
AH news....NIO UP 9.88%
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was UP then Down but closed Mixed. 10 year yield was lower @ 3.214%. Chinese economic weakness and lower growth for world economies created uncertainty in market. Internals were weak S&P 500 closed below 50 DMA. Nasdaq was the only index closing in green, which may be a good sign for bulls.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Wow market....?
Hi Explorer,
Today looks like the big give-up day, putting us ever closer to the end of this correction. Hopefully good stocks find solid bottoms here.
Stocktrader
Hi Stocktrader,
I have been thinking that the selling is done as of last Friday. I hope your words come true & move higher from here. :)
Explorer
Hi Explorer,
I think the general market is in trouble next year. For me, there's only a few questions. The first is whether we can still rally into year-end due to normal seasonality and window dressing. The second is whether the "new technology" stocks can be safe havens again, or if everything will just drop. More broadly though, things have definitely changed.
Stocktrader
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