Indices closed down.
S&P 500 @ 2975.95, low 2970.09, high 2980.76
RSI @ 64.36
CMF @ -0.044
Internals were :
Down volume led by 2.29 to 1 in NYSE & 1.45 to 1 in Nasdaq
Declining stocks led by 1.77 to 1 in NYSE & 2.30 to 1 in Nasdaq
Net new 52 wk highs were leading by 115 in NYSE & 15 in Nasdaq
VIX UP 5.12% @ 13.96
Oil @ $57.66
Gold @ $1400.00
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under mild selling pressure due to upcoming testimony by Fed Chief, everyone needs more and more clarity while Fed has been very open about its intent. Japanese economic data tonight was worse than expected and lowest in many years, which reflects slowdown / weakness in most world economies, an ideal environment for lower interest rates by Central Banks.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Added a little to my lowest weights:
Added to BHVN @ 42.77 ahead of catalysts this year and the extreme pullback in shares
Added to HEAR @ 10.32 after it pulled into support and I think the street is underestimating the accessories trend
I should be adding to stronger charts, but some of them are so stretched right now.
Stocktrader
Hi Stocktrader,
Good luck with more BHVN and HEAR.
Saleem
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