Indices closed down.
S&P 500 @ 2984.42, low 2984.25, high 3005.26
RSI @ 59.60
CMF @ 0.086
Internals were :
Down volume led by 2.25 to 1 in NYSE & 1.96 to 1 in Nasdaq
Declining stocks led by 1.67 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 136 in NYSE & lows by 7 in Nasdaq
VIX UP 8.63% @ 13.97
Oil @ $56.78
Gold @ $1423.30
AH news....EBAY UP 6.02%, URI Down 6.11%,
NFLX Down 11.99%, LLNW Down 16.36%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed @ low of the day, AH earnings reports were disappointing and hitting Futures hard.Thursday could be another bad day @ open, hopefully we may have a better close than open, this pullback is healthy and was needed to position us for better earnings reports.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold PS @ 31.06
Despite positive catalysts in the form and news and analyst upgrades, this stock can't move. That's not a good sign.
Stocktrader
Hi Saleem,
Bought a little ACST @ 1.49 on multiple positive analyst commentaries in recent weeks.
Stocktrader
Hi Saleem,
Bought some URI @ 122.70
I have always liked the company and I think the street is overreacting to a very slight hiccup in guidance. I may try to raise a bit more cash to increase the position further.
Stocktrader
Hi Stocktrader,
Good luck with ACST & URI....
Saleem
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