Monday, November 12, 2018

Indices closed down 1.97% to 2.78%......

Indices closed down.

S&P 500 @ 2726.22, low 2722.00, high 2775.99

RSI @ 44.19

CMF @ 0.100

Internals were :

Down volume led by 4.91 to 1 in NYSE & 4.75 to 1 in Nasdaq

Declining stocks led by 2.80 to 1 in NYSE & 3.64 to 1 in Nasdaq

Net new 52 wk lows were leading by 138 in NYSE & 145 in Nasdaq

VIX UP 17.80% @ 20.45

Oil @ $59.93

Gold @ $1203.50

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE continued its bearish run by closing near low of the day, Dow & S&P 500 are all below 200 DMA, it is all about Fed insisting on raising rates and market is giving its thumb down, when market do not agree with Fed, it gets very painful for traders. After 3 days of slump, TAPE may stage an oversold bounce on " turnaround Tuesday "

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Added a small amount to CSOD @ 49.73 with my remaining cash.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more CSOD.

Saleem