Wednesday, October 16, 2019

Indices closed down .08% to .30%....

Indices closed down.

S&P 500 @ 2989.69, low 2985.20, high 2997.54

RSI @ 56.11

CMF @ -0.147

Internals were :

UP volume led by .91 to 1 in NYSE & 1.10 to 1 in Nasdaq

Advancing stocks led by 1.08 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 106 in NYSE & lows by 18 in Nasdaq

VIX UP 1.03% @ 13.68

Oil @ $53.36

Gold @ $1494.00

AH news...CRON UP 23.21%, LLNW UP 12.18%

                  NFLX UP 9.86%, IBM Down 5.14%

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed near low of the day, again S&P 500 traded in an extremely narrow range of 12 points. Retail sales was the main culprit for this mini move down. Earnings are being greeted positively even IF there is a miss like NFLX missing subscriber growth expectations, this may be due to the fact that most technology stocks have pulled back too much from their fundamental valuation.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

I'm on a mini-vacation currently but I thought I'd try HCAT again @ 29.20 with my remaining funds. I think the chart might be setting up for a bigger run into year end.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with HCAT.

Enjoy your vacation!

Saleem