Wednesday, March 6, 2019

Indices closed down .52% to .93%.....

Indices closed down.

S&P 500 @ 2771.45, low 2768.69, high 2790.27

RSI @ 57.75


CMF @ 0.139


Internals were :

Down volume led by 6.08 to 1 in NYSE & 2.68 to 1 in Nasdaq

Declining stocks led by 2.86 to 1 in NYSE & 3.71 to 1 in Nasdaq

Net new 52 wk high were leading by 38 in NYSE & lows by 5 in Nasdaq

VIX UP 6.78% @ 15.74

Oil @ $56.22

Gold @ $1287.60

In my Portfolio :

Sold FB @ $172.35

Added 50% ESTC @ $84.00

Above done near close of the day.

AH news.....NIO Down 3.87%, APTX Down 9.42%

                    NXPI UP 7.74%, GWRE UP 10.47%


AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure from open till close, indices closed near low of the day. Economic data in USA was weak in trade deficit and jobs creation. All 3 major indices S&P 500 DOW & Nasdaq closed down for 3 days in a row, froth is being taken out and RSI are well below 70 & 60 even. Internals were very weak, weakest since rally stalled.

BLOG does NOT give buy or sell.

Saleem

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