Indices closed down.
S&P 500 @ 2792.81, low 2767.66, high 2816.88
RSI @ 65.32
CMF @ 0.274
Internals were :
Down volume led by 1.35 to 1 in NYSE & 1.28 to 1 in Nasdaq
Declining stocks led by 1.38 to 1 in NYSE & 1.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 111 in NYSE & 59 in Nasdaq
VIX UP 7.81% @ 14.63
Oil @ $56.59
Gold @ $1287.50
AH news...CSIQ UP 5.61%, CTRP UP 7.17%
HUYA UP 11.16%, PS Down 7.73%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was strong @ open then faded to lowest level in 3 weeks, by close indices improved by erasing majority of losses. Today was the first serious pullback @ low of the day to deal with overbought conditions, even economic news in USA was weaker than expected. Buyers were keen to buy near low of the day thus a spirited recovery in all indices.
BLOG does NOT give buy or sell.
Saleem
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