Thursday, February 21, 2019

Indices closed down .35% to .40%......

Indices closed down.

S&P 500 @ 2774.88, low 2764.55, high 2781.58

RSI @ 67.14

CMF @ 0.396

Internals were :

Down volume 2.23 to 1 in NYSE & 1.49 to 1 in Nasdaq

Declining stocks led by 1.75 to 1 in NYSE & 1.39 to 1 in Nasdaq

Net new 52 wk highs were leading by 93 in NYSE & 59 in Nasdaq

VIX UP 3.14% @ 14.46

Oil @ $56.96

Gold @ $1327.80

AH news...BIDU UP 3.84%, ACIA UP 4.94%, Z UP 6.36%

                  OLED UP 6.68%, BJRI Down 11.49%

                  STMP Down 49.52%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down  

AH Gold UP

About market, TAPE had a mild pullback on weak economic data, today's TAPE is very surprising on two counts, first mild pullback plus VIX barely moved, it can only be interpreted that good news may be coming from US China trade talk. Internals also were mildly negative another plus.

BLOG does NOT give buy or sell.

Saleem

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