Monday, October 14, 2019

Indices closed down .10% to .14%.....

Indices closed down.

S&P 500 @ 2966.15, low 2962.94, high 2972.84

RSI @ 52.78

CMF @ -0.066

Internals were :

Down volume led by 1.54 to 1 in NYSE & 1.42 to 1 in Nasdaq

Declining stocks led by 1.32 to 1 in NYSE & 1.57 to 1 in Nasdaq

Net new 52 wk highs were leading by 35 in NYSE & lows by 81 in Nasdaq

VIX Down 6.48% @ 14.57

Oil @ $53.59

Gold @ $1497.60

AH news....PS UP 8.76%, GLUU UP 8.55%

                   BJ UP 4.75%, SEDG Down 2.93%

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE traded in a very narrow range, roughly 10 points from low to high in S&P 500, not a reflection of anything but caution in taking a position. Trade agreement between USA & CHINA was extremely confusing in terms of where we are or where we are heading. Market may give a better verdict on " turnaround Tuesday "

BLOG does NOT give buy or sell.

Saleem

1 comment:

stocktrader_1996 said...

Hi Saleem,

Sold FSLY @ 23.28

It broke under the 50 DMA encountering little resistance. I don't like the setup heading into the quarter and lockup expiration, so I'll free up cash here.

Stocktrader