Thursday, March 7, 2019

Indices down .78% to 1.13%.....

Indices closed down.

S&P 500 @ 2748.93, low 2739.09, high 2767.25

RSI @ 50.97

CMF @ 0.118

Internals were :

Down volume led by 2.56 to 1 in NYSE & 2.06 to 1 in Nasdaq

Declining stocks led by 2.43 to 1 in NYSE & 2.14 to 1 in Nasdaq

Net new 52 wk high were leading by 23 in NYSE & low by 35 in Nasdaq

VIX UP 5.40% @ 16.59

Oil @ $56.66

Gold @ $1286.10

AH news...MDCA UP 15.53%, CYTK UP 14.14%

                  UIS Down 5.11%, OKTA Down 7.03%

AH Futures Down

AH Asian markets Down

AH Oil Down

AH Gold UP

About market, TAPE continued its downtrend for fourth day, S&P 500 and Nasdaq closed below 200 DMA, DOW still above 200 DMA. Internals were negative. Nice to see RSI in S&P 500 barely above 50, IF it dips below 50, it may be wise to start buying again. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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