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:
Hi Saleem,
Added a small amount to CSOD @ 49.73 with my remaining cash.
Stocktrader
Hi Stocktrader,
Good luck with more CSOD.
Saleem
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