Thursday, May 9, 2019

Indices closed down .30% to .54%......

Indices closed down.

S&P 500 @ 2870.72, low 2836.40, high 2875.97

RSI @ 42.86

CMF @ 0.201

Internals were :

Down volume led by 1.85 to 1 in NYSE & 1.40 to 1 in Nasdaq

Declining stocks led by 1.55 to 1 in NYSE & 1.48 to 1 in Nasdaq

Net new 52 wk lows were leading by 22 in NYSE & 49 in Nasdaq

Oil @ $61.70

Gold @ $1285.20

AH news...ZG UP 21.72%, GPRO UP 8.70%

                  YELP Down 5.99%, SYMC Down 14.88%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was down from open, closing @ improved level. Internals were negative which reflects ongoing negative sentiments due to impasse in trade negotiations. RSI in 42 area is an attractive level to start a position in desired stocks and sectors.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem


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