Indices closed down.
S&P 500 @ 2632.90, low 2617.27, high 2657.88
RSI @ 55.94
CMF @ 0.237
Internals were :
Down volume led by 5.48 to 1 in NYSE & 3.56 to 1 in Nasdaq
Declining Stocks led by 3.16 to 1 in NYSE & 3.15 to 1 in Nasdaq
Net new 52 wk lows were leading by 9 in NYSE & 11 in Nasdaq
VIX UP 16.85% @ 20.80
Oil @ $52.27
Gold @ $1283.40
AH news....IBM UP 6.39%, ARAY UP 7.81%
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE closed lower and never saw green whole day. Considering all the bad news from slowing China to entire world economies, I will say, it could have been lot worse. Today's selling takes care of overbought condition / profit taking. @ close DOW, S&P 500 & Nasdaq all above 50 DMA which is very good news technically speaking. Many stocks took a beating which means much desirable entry point.
BLOG does NOT give buy or sell.
Saleem
No comments:
Post a Comment