Monday, March 25, 2019

Indices closed mixed......

Indices closed mixed.

S&P 500 @ 2798.36, low 2785.02, high 2809.79

RSI @ 53.33

CMF @ 0.031

Internals were :

Down volume led by 1.01 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by .97 to 1 in NYSE & .91 to 1 in Nasdaq

Net new 52 wk high were leading by 88 in NYSE & low by 37 in Nasdaq

VIX Down .91% @ 16.33

Oil @ $58.82

Gold @ $1322.60

AH news...ZUMZ Down 4.99%, IQ Down 4.25%

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE had to digest political news of no new indictment in Russia probe, this was a definite plus as one uncertainty is out of the way. TAPE was also testing support after huge run, looks like today's low area lies a strong support.  We are ready to move higher as we watch progress in US China trade talks. Inverted yield may have limited impact in market as of now.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Raja said...

Great analysis

Stocks100 said...


Hi Raja,

Thanks for your appreciative note.

Welcome to BLOG.

Saleem