Wednesday, October 9, 2019

Indices closed UP .70% to 1.02%...NICE !!!!

Indices closed UP.

S&P 500 @ 2919.40, high 2929.32, low 2907.41

RSI @ 45.05

CMF @ -0.052

Internals were :

UP volume led by 2.49 to 1 in NYSE & 2.15 to 1 in Nasdaq

Advancing stocks led by 1.95 to 1 in NYSE & 1.60 to 1 in Nasdaq

Net new 52 wk highs were leading by 9 in NYSE & lows by 84 in Nasdaq

VIX Down 8.09% @ 18.64

Oil @ $52.59

Gold @ $1512.80

Stocks which were UP 1% or more included BZUN CIEN LSCC
MOMO MRVL FB SQ TSLA NVDA LRCX FEYE ROKU
AAPL SPLK AMAT BABA GOOG OLED PANW WB
QRVO LNG WYNN LVS MA MGA ORCL MS MSFT
SWKS TSM CMG V.....

AH news...BBBY UP 19.22%, NUAN Down 5.72%

                  PS Down 5.00%, PIR Down 5.57%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE staged an oversold bounce but closed below best level of the day. DOW, NASDAQ & S&P 500 all stayed below 50 DMA @ close.Only SOX is above 50 DMA @ close. RUT is below 50 & 200 DMA. Futures slumped on nauseating news of another poor trade session between US & CHINA, a classic scenario of bad faith negotiations.

BLOG does NOT give buy or sell.

Saleem

No comments: