Indices closed down.
S&P 500 @ 2900.51, low 2899.60, high 2923.63
RSI @ 46.73
CMF @ 0.125
Internals were :
Down volume led by 2.43 to 1 in NYSE & 1.65 to 1 in Nasdaq
Declining stocks led by 1.49 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new 52 wk highs were leading by 137 in NYSE & lows by 2 in Nasdaq
VIX UP 3.67% @ 17.50
Oil @ $56.13
Gold @ $1515.70
AH news....HSII UP 10.01%, CREE Down 3.85%
NCR Down 4.76%, UIS Down 4.89%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed @ low of the day, an attempt to rally mid day was met with selling. Internals were mostly negative. I will call this day a rest day for Indices with a negative bias. Market is waiting for news IF positive, we will rally and cross some key technical hurdles like 50 DMA.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Bought a full BZUN position @ 47.25
After earnings and the conference call, I have increased confidence in their market positioning and growth prospects.
Stocktrader
Hi Stocktrader,
Good luck with BZUN...
Saleem
Hi Stocktrader,
Sold TWTR @ $43.25
Added 100% BZUN @ $45.80
Saleem
Hi Saleem,
Good luck with more BZUN!
I think the selloff is unwarranted based on what I heard.
Stocktrader
Hi Saleem,
Sold MOMO @ 33.43 ahead of earnings next week.
I want to see the numbers first in order to potentially make a larger size decision.
Stocktrader
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