Indices closed down.
S&P 500 @ 2701.58, low 2685.75, high 2746.80
RSI @ 41.26
CMF @ -0.010
Internals were :
Down volume led by 1.50 to 1 in NYSE & 1.23 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.93 to 1 in Nasdaq
Net new 52 wk lows were leading by 216 in NYSE & 187 in Nasdaq
VIX UP 6.14% @ 21.25
Oil @ $56.25
Gold @ $1210.10
AH news...CSCO UP 4.96%, VIPS UP 5.42%
WUBA UP 4.05%, NTAP Down 6.31%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE tried going UP but lost all its gains and dropped to low of the day, in the end all indices closed down. There is lot of issues which seems to be bogging this market down, latest issue being US mid term election results which has substantially changed legislative scenario and is impacting financials. All major indices are below 200 DMA as of today.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem & Stocktrader,
Was there any word from Powel about the rates in his speech today?
Bought AMZN DEC call after a long time.
You both have made several changes, good luck. Market is due for oversold condition
Explorer
Hi Explorer,
Powell seems to be little more focused on economic numbers.
Good luck with AMZN calls.
Saleem
Hi Explorer,
Good luck with the AMZN calls. It does have a history of ramping into Black Friday.
Otherwise though, this market feels so bad. When we drop 600 points on Monday and then can't rebound Tuesday or Wednesday, I think we know something is different than other drops in recent years.
Stocktrader
Hi Saleem,
Sold LULU @ 136.72
The stock is acting poorly today, and I think it's hard to be a high-priced retailer if confidence wanes.
Stocktrader
Hi Stocktrader,
Good luck with strategy after LULU sale.
Saleem
Hi Saleem,
Bought SEDG @ 38.04
If any kind of productive talks happen with China, this could be the first to move as it is getting hurt badly by tariffs on both a component and customer side, and also has big short interest.
Stocktrader
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