Indices closed down.
S&P 500 @ 2869.16, low 2860.59, high 2898.74
RSI @ 44.12
CMF @ 0.013
Internals were :
Down volume led by 2.09 to 1 in NYSE & 1.91 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 2.41 to 1 in Nasdaq
Net new 52 wk lows were leading by 46 in NYSE & 138 in Nasdaq
VIX UP 5.12% @ 20.31
Oil @ $54.93
Gold @ $1551.80
AH news.....ADSK Down 10.59%, SPAR Down 14.15%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE showed tremendous resiliency against a backdrop of serious inverted yield, that shows that we may have discounted either fear of recession or yield may go positive the way it should be, so today was an aberration of economic jitters. As we closed mildly negative in Indices, we may be heading higher.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold GTLS @ 62.59
I stuck with this for a while after good earnings, but LNG prices are crashing and the chart is starting to set up for another leg down.
Bought CRON @ 11.04
I thought I'd try my hand here.
Stocktrader
Hi Stocktrader,
Good luck with CRON.....
Saleem
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